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Alternative to a comprehensive budget

Assignment Help Basic Computer Science
Reference no: EM131559709

QUESTION 1

Willow's annual budget is in disarray because of unexpected variances, some of which are not in her control. She was not expecting a 10% rent increase, which increased her expenditures, nor a 15% increase in contributions to her employer's health insurance plan, which reduced her income. In addition, her savings lost future value when her bank reduced its interest rate by 2.5%. At the same time, she spent more on clothing, entertainment, and gifts than she realized-more than she had budgeted for. Willow is discouraged. What should she do? (FOUR WELL FORMED PARAGRAPHS)

QUESTION 2

a. What financial tools described in this chapter can help you make better financial decisions?

b. What are the components of a comprehensive budget and what is the purpose of each component?

c. How are specialized budgets prepared? What is the relationship of specialized budgets to the comprehensive budget?

( Three well formed paragraph for each question and please APA Citation).

QUESTION 3

When is a cash flow budget a useful alternative to a comprehensive budget?

(Four well formed paragraph for each question and please APA Citation). PLEASE NO BLUNT ANSWER

Reference no: EM131559709

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