Some critics contend that the use of the percentage-of-sales budgeting technique is illogical. Explain.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
The criticism goes as follows When sales are anticip...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Advertising Promotion And Other Aspects Of Integrated Marketing Communications
ISBN: 9781111580216
9th Edition
Authors: Terence Shimp, Craig Andrews
Question Posted:
Students also viewed these Marketing questions
-
The Effective Annual Rate (EAR) is 14.5% and is compounded daily. a. What is the Annual Percentage Rate (APR)? Assume 365 days per year and answer in percentage form with two decimals (i.e. 4.54%,...
-
Some critics contend that advocacy, or issue, advertising should not be treated as a legitimate tax-deduction expenditure. Present and justify your opinion on this matter.
-
1. Some critics contend that entrepreneurship cannot be taught. What do you think? 2. In addition to the normal obstacles of starting a business, what other barriers do collegiate entrepreneurs face?...
-
a) Verify the above differential equation is not exact. b) Find an integrating factor that will make the differential equation exact. Verify your work. c) Solve the differential equation (implicit...
-
The thicknesses (in inches) of 15 randomly selected washers produced by a machine are listed. Use a 95% level of confidence. Assume the sample is from a normally distributed population and construct...
-
A rookie quarterback is negotiating his first NFL contract. His opportunity cost is 10%. He has been offered three possible 4-year contracts. Payments are guaranteed, and they would be made at the...
-
Coin tossing and the law of averages. The author C. S. Lewis once wrote the following, referring to the law of averages: If you tossed a coin a billion times, you could predict a nearly equal number...
-
The director of graduate admissions at a local university is analyzing the relationship between scores on the Graduate Record Examination (GRE) and subsequent performance in graduate school, as...
-
Your insurance company offered you an annuity that pays you $100 at the end of each year. The life of the annuity is 10 years. Assume that market interest rate you can earn on similar risky...
-
Allie has bought a new apple orchard. The orchard has a single file of trees, numbered from 1 to N. Each tree has a certail number of ripe apples. Allie has a rule she wants to follow. She wants to...
-
Compare the difference between precisely wrong versus vaguely right advertising objectives. Give an example of each.
-
Explain how an advertising budget setter could use two or more budgeting heuristics in conjunction with one another.
-
The Erley Equipment Company purchased a machine 5 years ago at a cost of $90,000. The machine had an expected life of 10 years at the time of purchase, and it is being depreciated by the...
-
The amounts of caffeine in a sample of five-ounce servings of brewed coffee are shown in the histogram. Number of 5-ounce servings S 25- 20 15 10 25 12 10 1 2 70.5 92.5 114.5 136.5 158.5 Caffeine (in...
-
Tom, David, Dale, and Murdock are four business students who want to rent a four- bedroom apartment together for the fall semester. They have identified the three factors important to them in...
-
Listed below, out of order, are the steps in an accounting cycle. 1. Prepare the unadjusted trial balance. 2. Post journal entries to general ledger accounts. 3. Analyze transactions from source...
-
Consider Quick Start QFD Matrix 2 above. Which two technical specifications are strongly correlated with each other? Quick Start QFD Matrix 2 Strong positive correlation Some positive correlation ==...
-
A cylindrical solenoid of length \(\ell\) and radius \(R\) has \(n\) windings per unit length and carries a current \(I\). (a) Use the inductance expression \(L=\left(\mu_{0} N^{2} A ight) / \ell\)...
-
What are the basic forms of international business activity?
-
Independent random samples of sizes n1 = 30 and n2 = 50 are taken from two normal populations having the means 1 = 78 and 2 = 75 and the variances 21 = 150 and 22 = 200. Use the results of Exercise...
-
When ice collects on an ice detector probe, the established __________________ of vibration decreases.
-
Explain the preliminary data collection methods.
-
Why is it important to gather information on the background of the organization?
-
Should a researcher always find information on structural and job characteristics from those interviewed? Give reasons for your answer with examples.
-
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2...
-
Prepare the adjusting journal entries and Post the adjusting journal entries to the T-accounts and adjust the trial balance. Dresser paid the interest due on the Bonds Payable on January 1. Dresser...
-
Venneman Company produces a product that requires 7 standard pounds per unit. The standard price is $11.50 per pound. If 3,900 units required 28,400 pounds, which were purchased at $10.92 per pound,...
Study smarter with the SolutionInn App