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Advantages of Imposed budgets
Advantages:
They increase the probability that the organization strategic plans are incorporated into the planned activities.
Disadvantages of Imposed budgets:
Incremental budgeting This is used to describe an incremental cost approach to budgeting where the next period budget is based on the current year’s results plus an extra amou
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FOR each of the following cases, indicate why management and the auditors determined that control deficiency was a material weakness. Case1. In our assessment of the effectiveness
The Braggs & Struttin' Company manufactures an engine for carpet cleaners called the "Snooper." Budgeted cost and revenue data for the "Snooper" are given below, based on sales of
How much was Topaz’s operating income (income before taxes) last year?
Independence of observations An important assumption for the simple linear regression model is the independence of errors. In many time series models, this assumption is violat
Project C would involve a current outlay of $50,000 on equipment and $15,000 on working capital. The investment in working capital would be increased to $21,000 at the end of the f
explain strategy asa an organisational process
What is Master budget Financial budget are concerned with cash receipts and disbursements working capital. Several functional budgets are integrated into master budget. This bu
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