Tanya Williams is the new accounts manager at East Bank of Mississippi. She has just been asked
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Williams believes the economy of the county will continue to grow at the same rate in 20x5 as it has in recent years. She has decided to submit a budgetary projection of 800 new accounts for 20x5.
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Your consulting firm has been hired by the bank president to make recommendations for improving its operations. Write a memorandum to the president defining and explaining the negative consequences of budgetary slack. Also discuss the bank’s bonus system for the new accounts manager and how the bonus program tends to encourage budgetary slack.
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Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078025662
10th edition
Authors: Ronald Hilton, David Platt
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