Accounting ; Budgets 1. Define the term Budget. A Budget is an estimate of income and expenditure over a specified period‚ reflecting a reading of future finsncial conditions and goals. It is an itemized summary of estimated or intended expenditures for a given period along with proposals for financing them. 2. Name and briefly describe six benefits that a business can gain from budgeting. The budgeting process can have a good motivational impact by involving managers
Premium Budget Expense Cost
agree with the point raised by the statement. Budget is a vital part of our daily life that we cannot imagine a life without budget. For example‚ we budget our time‚ food and money. Budgeting is important in all areas of life‚ also to run a business and even a country. Every organization or company needs a budget because its used to represent a detailed analysis of how a company expects to spend money in the future time. Some of the companies create budgets on an annual basis so they can carefully outline
Free Budget Budgets
cost $200‚000‚ with a disposal value of $40‚000‚ and would be able to produce 5‚000‚000 cans over the life of the machinery. The production department estimates that approximately 1‚000‚000 cans would be needed for each of the next 5 years. These three individuals would be full-time employees working 2‚300 hours per year and earning $8.50 per hour. They would also receive the same benefits as other production employees‚ 18% of wages in addition to $1‚500 of health benefits. It is estimated that
Premium Net present value Internal rate of return Cash flow
can a budget airline survive in Hong Kong” 2. Aims To find out the success factors and forecast the future of budget airline in aviation industry‚ apply those factors to analyze the operation strategy of a budget airline which would like to survive in Hong Kong market. 3. Background. In the recent years‚ budget airline becomes more and more popular. Many people choose low-cost airline to save the cost in transportation so they can spend more on the activities. Ryanair‚ the largest budget airline
Premium Low-cost carrier Airline Southwest Airlines
Store Budget Analysis Paper Hilton Glynn‚ Steven Briggs‚ Courtney Mercer‚ and Scott Langer ACC/561 6 June 2010 William Wyngaard Guillermo Furniture Store Budget Analysis Paper According to Horngren‚ Sundem‚ Stratton‚ Burgstahler‚ and Schatzberg (2008)‚ a study suggested that more than 150 organizations in North America listed budgeting as the most frequently used cost-management tool. This indicates that the importance of Guillermo’s budget cannot be over-stated. A budget establishes
Premium Inventory Costs Balance sheet
Critique of the City of Campbell‚ California Fiscal Year 2011-2012 Budget Matthew Morton University of South Dakota Perhaps no other function of government is more important than the budget process and the resulting budget document. According to the Government Finance Officers Association [GFOA]‚ (1998) “A good budget process is far more than the preparation of a legal document that appropriates funds for a series of line items. Good budgeting is a broadly defined process that has political
Premium Finance Strategic planning Budget
North Carolina Child Care Comprehensive Budget Template Work Family Resource Center and Compass Consulting Group This template was developed with the support of the North Carolina Partnership for Children National Technical Assistance Center. The purpose of this template is to help child care providers determine their annual operating budgets. The template was developed collaboratively by representatives from Work Family Resource Center‚ Davidson County Partnership for Children‚ and Compass Consulting
Premium Costs Revenue Budgets
Your company is thinking about acquiring another corporation. You have two choices; the cost of each choice is $250‚000. You cannot spend more than that‚ so acquiring both corporations is not an option. The following are your critical data: a. Corporation A: 1) Revenues = 100K in year one‚ increasing by 10% each year 2) Expenses = 20K in year one‚ increasing by 15% each year 3) Depreciation Expense = 5K each year 4) Tax Rate = 25%
Premium Net present value
are needed for a given period of time. It is the tool that provides specific direction and achievements for the company” (Para 1). As budgeting may benefit a lot in term of saving more money either for a company or yourself. This also means that budget planning is the financial plans for the control of corporate in many terms such as human resources which is the number of employee needed to efficiently finish the work‚ the future operation of the group as it involves budget allocation. Companies usually
Premium Investment Rate of return Net present value
1) What are the six sensitive periods? Describe each briefly. The six sensitive periods are: a) Sensitive to order b) Refinement of senses c) Sensitive to language d) Sensitive for walking e) Sensitive for small objects f) Sensitive to social aspects Sensitive to order: This sensitiveness to order appears to the child at their first year and it continues to the second year too. This is characterized by a desire for consistency and repetition. There exists a passionate love for
Premium Language Sense Perception