30/4. Which of the following is not true concerning a 'top-down' budgeting process A. The...
90.2K
Verified Solution
Link Copied!
Question
Accounting
30/4. Which of the following is not true concerning a 'top-down' budgeting process
A. The budget sets out the board's targets for the forthcoming period
B. Senior management prepare a budget with little or no input from middle management
C. The time taken to produce the budget is reduced
D. The budget process starts with sales, then progresses to production, materials usage and other functional budgets
32/4. A service company has annual sales of 3.2 million and a gross profit margin of 15%. The company has no inventory. The company is currently experiencing short-term cash flow difficulities and the accountant has decided to delay its payments to trade suppliers by one month,
Calculate the amount by which the cash balance will benefit in the short-term from this change in policy, assuming sales are spread evenly over the year. Round your answer to the nearest .
A. 206,227
B. 226,667
C. 231,884
D. 266,667
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.