Sometimes budget amounts are arrived at by copying the previous year’s amounts and maybe adjusting them by some percentage, under the assumption that if the money was spent last year, it will be needed again this year. if the leadership of an organization instead wants to see a justification of every budget expenditure, then which approach would be best? bottom-up budgetingzero-based budgetingtop-down budgetingto know whether the company can meet payroll at the end of the week, managers look at? (the capital budget, the expense budget, the revenue budget, the cash budget) , which documents daily or weekly cash inflow and outflow.

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?