Among the budget cuts that the city council is considering is a 5 percent reduction in funds for secondary education. As the principal of one of the junior high schools that could be affected‚ Stella is worried. Such a reduction would almost certainly mean teacher layoffs and fewer teachers teaching more students. Currently the school offers basic math and english courses for students on three levels: average‚ below average‚ and above average. However‚ a smaller budget may require offering only two
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Johnnie & Sons Paints Inc. Capital Budgeting Decision SAMPLE PROJECT The production department has been investigating possible ways to trim total production costs. One possibility currently being examined is to make the paint cans instead of purchasing them. The equipment needed would 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
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part of it for waging war in the Chittagong Hill. Foreign aid is also used for socio-economic developments and fighting one of the highest poverty rates in the world. Each year‚ Bangladesh spends an extra $125 million on foreign aid and 15% of its budget for military and defense purposes and for military expenses in the Chittagong Hills. Japan‚ the USA‚ European and Middle Eastern countries are large aid donors to Bangladesh. One of the mistakes that aid donors should try and fix in Bangladesh is
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6 2010 How transparent is budget making process? M S Siddiqui The budget reflects the vision and mission of incumbent government. The government leaders usually try to fulfil election pledges through the budget. The budget incorporates the government’s plan to collect resources and use the same to meet the public’s needs. The people have every right to know about the income and expenditure of the government. The openness and transparency of a budget help them to judge whether the taxpayers
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* Budget Preparation Budget preparation is a summary of company’s plans that sets specific targets for sales‚ production‚ distribution and financing activities. It generally culminates in a cash budget‚ a budgeted income statement‚ and a budgeted balance sheet. In short‚ this budget represents a comprehensive expression of management’s plans for future and how these plans are to be accomplished. It usually consists of a number of separate but interdependent budgets. One budget may be necessary
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[pic] Around 20 days after being tabled at the Jatiya Sangsad (National Parliament) on June 9‚ Bangladesh’s National Budget for Fiscal Year 2011-2012 was passed on June 29 at the parliament. The country’s biggest budget‚ with 1.63 trillion taka (US$22 billion)‚ is nearly 28% bigger than that of the current Fiscal Year which ends on June 30. The budget will see a deficit of Tk 452.04 billion excluding grants‚ the finance minister Abul Maal Abdul Muhith had said while tabling it on June 9.
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Case #2 – Volkswagen: IT Budget Volkswagen AG is the parent company to Volkswagen of America (VWoA) and therefore sets the budget from which IT projects are funded by. Managing which IT projects are given funds and when is a very important business decision because only projects linked to the corporations’ strategy and goals should be given any support. An important process in judging which projects are funded is by prioritizing them into specific categories; however all the more important “Stay
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specifying the needed allocation of resources to complete the project‚ proposals must have a budget section. "The proposal budget is a written description of the project in terms of its costs". (www.du.edu)The budget of a proposed project serves as a blueprint for spending the project ’s funds. "Proposals must include a budget‚ a detailed breakdown of the financial support requested from the sponsoring agency. The budget should reflect the best estimate of the costs requested to conduct the work outlined
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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
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young person under the age of 18 should have a budget but that is all depending on how much they are making or how much is being given to them and if the parents need help with any payments. If the parents decide to make it where the kids should help pay bills just like a phone bill or something like that then yes the kid should have budget and stick to it. It is up to the parents if they want to give their kid a budget. One factor of having a budget is how they get their money. If they work for
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