Definition of Budget It is an estimation of the revenue and expenses over a specified future period of time. It can help to create a system when someone wants to open a shop or start investments. A budget can be made for a person‚ family‚ group of people‚ business‚ government or anything else that makes and speaks money. It can also help to establish a planned level of expenditures and it can help to maintain a budget for a company either on an accrual or a cash basis. Structured planning can
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flexible budget is a budget statement that shows what the expected costs should have been for any level of output‚ so that the actual costs can be compared to planned costs for the output that was actually generated. In a flexible budget‚ the costs are separated into variable and fixed costs. The more information that is provided to explain variances in budgeted and actual amounts‚ the easier it is for management to make successful decisions about costs and expenses. A flexible budget classifies
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Importance of Cash Budget A cash budget is a projection of how your business will earn and spend money during an upcoming period. Preparing a cash budget is important because the process forces you to think about your expectations and plan for the future. It is important to follow your cash budget--unless unforeseen circumstances arise--because adherence to a plan can discipline your spending. The most immediate practical benefit of a cash budget is restricting your spending so
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Introduction: Cyclohexanol is mainly used in the production of caprolactam and adipic acid that is a raw material of nylon 6 (Zhang‚ et al‚ 2002). Cyclohexanol can be produce through several methods‚ which include the oxidation of cyclohexane‚ the hydration of cyclohexene‚ or the hydrogenation of phenol (Zhang‚ et al‚ 2002). Problem with oxidation of cyclohexene is poor selectivity‚ extremely large recycles and explosion hazards. (Suresh‚ Sridhar‚ Potter‚ 1988). The purpose of this experiment was
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MBBS & USMLE Lead MY World has now instituted USMLE preparatory classes with MBBS degree program at the International School of Capital Medical University Beijing Peoples Republic of China. It is important to talk about what USMLE stands for‚ not from the standpoint of the abbreviation but the VALUE of it. It basically brings MBBS (A 6 year undergraduate clinical medicine degree of Bachelor of Medicine & Bachelor of Surgery) graduates to work in the United States‚ shoulder to shoulder with MD
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Topic: Nursing History‚ Theories‚ and Conceptual Model Course Contents Lecture Note 1. NRS-430V Lecture 2 Read Lecture 2. NRS-430V Lecture 2 0 Textbook 1. Conceptual Foundations: The Bridge to Professional Nursing Practice Read Chapters 1 and 5 in Conceptual Foundations: The Bridge to Professional Nursing Practice. http://evolve.elsevier.com Electronic Resource 1. A Foundation for Professional Nursing Practice View and interact with “A Foundation for
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Running Head: ENRON ETHICAL ANALYSIS Enron Ethical Analysis Gordon C. Shaw III Grand Canyon University Abstract This is a survey of business policies and procedures implemented by the Enron corporate policy committee headed by the chairman Ken Lay. The enigma of corporate responsibilities and ethics of the Houston based energy giant Enron are mapped out in a simple easy to read memorandum circulated throughout the several levels of management and to all employees
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ADVERTISING BUDGET Introduction Budget is quantitative expression of future plan of activities. It is a future plan of activities expressed in terms of currency/rupees. It is prepared for a fixed period of time. Advertising budget is a financial document that’s hows the total amount to be spent on advertising and lists the way this amount is to be allocated. It is a translation of advertising plan into money to be spent on advertising. It is an estimation of total amount to be spent on advertising
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BUDGET PROCESS The budget combined with individual objectives or targets provides the basis on which employees need to be motivated and stretched. In the absence of such a structure‚ spending may become higher than necessary and the extra effort required to help bring in the required revenue may not be made. As the budget can be seen as a constraint on a department’s or an individual’s activities‚ it may not always be warmly embraced. Therefore the motivational aspect needs to be carefully managed
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What goes in a marketing budget? A marketing budget typically covers costs for advertising‚ promotion and public relations. Each amount varies based on the size of the business‚ its annual sales and how much the competition is advertising. Depending on the industry‚ marketing budgets can range from as low as 1% of sales to over 30%. New companies may spend as much as 50% of sales for introductory marketing programs in the first year. Smaller business may just try to match the spending of their direct
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