Accounting- main planning and control tools is the preparation

Accounting- main planning and control tools is the preparation

Accounting Homework Help
Accounting
Question:
PK is a large public company in the telecommunications sector. One of its main planning and control tools is the preparation and use of traditional annual budgets. Whilst this may be appropriate for the Sales and Manufacturing divisions, it draws criticisms from the directors of divisions such as Training and Education, Advertising and Publicity, and Research and Development who are responsible for large amounts of discretionary expenditure. These directors have submitted a joint report to the Finance Director which suggests that ZeroBased Budgeting (ZBB) should be used for their respective divisions. The Finance Director has agreed to use the Research and Development division as a pilot for ZBB for the next financial year. Required: Explain Zero-Based Budgeting and the main stages that would need to be undertaken to introduce it into the Research and Development Division.

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Managerial Accounting
Question:
A group of 30 Lincoln students are returning from LakeTahoe on a ski trip.They stop offat a restaurant outside of Sacramento.This restaurant has a capacity of 800 meals per day.  It currently serves 750 meals per day. The dailyfixed costs are $1,200 per day.The main meal is a Caesar salad that sells for $9; the unit variable cost is $5 per salad.The student leader of the bus trip offers to bring the students into the restaurant, if the total payment for 30 meals could be $180.   The restaurant owner refuses because he says that he would lose on average $0.60 per meal. Please comment on the restaurant owner’s reasoning. Is he correct?  What would you show the restaurant owner to change his mind?