EXERCISE 23.12 Budget Estimates LO2 LO3 William George is the marketing manager at the Crunchy Cookie Company. Each quarter‚ he is responsible for submitting a sales forecast to be used in the formulation of the company’s master budget. George consistently understates the sales forecast because‚ as he puts it‚ “I am reprimanded if actual sales are less than I’ve projected‚ and I look like a hero if actual sales exceed my projections.” 1. What would you do if you were the marketing manager
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REPORT OF INSTITUTIONAL ASSESSMENT VISIT OF WORLD BANK TEAM TO OYO STATE ON YOUTH EMPLOYMENT AND SOCIAL SUPPORT OPERATION PROGRAMME ON TUESDAY 14TH AND WEDNESDAY 15TH MAY‚ 2013 ATTENDANCE THE WORLD BANK TEAM INCLUDES i. Dr. Stanley Garuba ii. Dr. Sulaiman Yusuff iii. Dr. Omobowale Oni iv. Mrs. Lydia Ladapo STATE TEAM LEADERS INCLUDES i. Hon. Gbenga Olayemi - Board Chairman (Agency for Youth Development) ii. Hon. Niyi Ajao -
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had been subjected to particularly bad weather‚ which resulted in a much lower revenue. This could have given cause for a revision in the original budget. My calculations in the table below will show how large the bonus plan would be for the spring quarter 2002‚ if Raemdonck would make the subjective adjustments. Flexing the budget Sales Budget Actual Original Revised Average number of vehicles washed per hour 24 23 23 Average revenue per vehicle 11 10 10 Working hours 470 800 470
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(other than the OD group) knew or bought-in to the OD program. It was just a management training program. IV. Alternatives 1. Keep as is. 2. Put under Blake. 3. Have professor help organize and budget for OD. V. Recommendations Alternative three with central contact person and clear budget. If size of Hexadecimal allows‚ make OD a separate department with its own vice president. Keep reporting to president but keep him personally
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advantageous because workers are paid more compared to hourly employees. This makes them lack of overtime inconsequential‚ though not always. In addition‚ most salaried jobs have benefits‚ which hourly employees do not enjoy. These may include among others‚ flexible schedules‚ where they can make other appointments such as meeting the doctor without having to lose their pay. Further‚ salaried employees can work remotely. Salaried employees will be of greater help to the organization. Their job description will
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A budget according to Drury (2008) can be defined as a financial plan for implementing the various decisions that management has made or a quantitative expression of planned activities. In addition‚ a budget is an estimate of costs‚ revenues‚ and resources over a specified period‚ reflecting a reading of future financial conditions and goals. It an organization‚ it is one of the most important administrative tools‚ as it serves as a plan of action for achieving quantified objectives and is a device
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Linda Y. Gross Managing the Flexible Workforce In today’s workforce the need for flexible workforce is good for career orientate families. Another good idea for flexible workforce is the hours of days‚ weeks and months for the needs of the business. Companies want to give the good quality of business to customers at their conveniences so the need to have the workforce stagger to meet the customer needs. The benefits of having flexible workforce is give employees a mixed of
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POE WITH GUIDING ANSWERS US 116364 Assessment Tips: Assessor must demonstrate his/her interaction with the POE through the use of ticks on responses to activities provided by the learner. Feedback comments on areas where the assessor believes need commenting must be done in the POE as well as the assessment feedback documents. Areas of superior performance must be noted in the POE as well as areas of lack or insufficiency. Using this document: Guiding answers are in italics
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the set is from the mean.”1 A variance can be adverse or favourable. An adverse variance is when the actual financial figures for a business are worse than forecasted and a favourable variance is when the actual figures are better than budgeted. A budget is an documented summary of likely income and expenses for a given period. It is important because it helps a business you determine whether they have the money to spend on certain things or not‚ and if they need to spend more in certain areas.
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Unit six: Principles of budgets in a business environment Assessment You should use this file to complete your Assessment. The first thing you need to do is save a copy of this document‚ either onto your computer or a USB drive Then work through your Assessment‚ remembering to save your work regularly When you’ve finished‚ print out a copy to keep for reference Then‚ go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it is clearly marked
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