Purchase Solution

Principal Benchmarks

Not what you're looking for?

Ask Custom Question

Consider the three principal benchmarks referenced on p. 105 (Ch. 13) of Accounting Fundamentals; explain which benchmarking data you anticipate being the best approach to evaluate your proposed budget and why.

Purchase this Solution

Solution Summary

This solution outlines the three principle benchmarking data and explains which of them is the best approach to evaluate a proposed budget.

Solution Preview

There are three principal benchmarks. The first is the firm's history. We always want to review the ratios for the organization this year, compared to what they were in the several previous years. This enables
us to discover favorable or unfavorable trends that are developing gradually over time, as well as pointing up any numbers that have changed sharply in the space of time of just 1 year.

The second type of benchmark is to ...

Purchase this Solution


Free BrainMass Quizzes
Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Motivation

This tests some key elements of major motivation theories.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.