Business, 30.10.2019 19:31 Marshmallow9174
Timber-on, a furniture-manufacturing company, has a total budget of $3 million for all its expenses in the current year. it has determined from the previous years that it will require about $2.5 million for production and operational purposes. the balance of $0.5 million has been allocated for advertising and promotion. which of the following budgeting approaches is the firm following?
a. objective and task method
b. percentage-of-sales method
c. return on investment method
d. arbitrary allocation method
e. affordable method
Answers: 1
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Timber-on, a furniture-manufacturing company, has a total budget of $3 million for all its expenses...
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