Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The following is a statement by a management consultant:
"Many managers claim that budgets are impractical because companies experience so many uncertainties. However, it is very probable that a firm's competitors face the same uncertainties but are also using budgets extensively as an important management tool. A major objective of budgeting is to implement deliberate, well-conceived business judgment rather than rely on intuition and perhaps accidental success. This objective implies that management is competent and can identify, plan for, manage, and to a large extent control the relevant variables that lead to an organization's success. Whether budgeting is used extensively or not managers must deal with uncertainties. However, budgeting will help organize and quantify these uncertainties and lead managers towards more rational decision making processes. If an organization does not budget well it will lose competitive advantage."
Required:
1.Do you agree with the consultant's comments? Why or why not?
In your response you should incorporate at least three perceived benefits of budgeting. That is, are these perceived benefits sufficient to warrant the cost of implementing an extensive budgeting process?
2.Budgeting usually begins with the sales forecast. Since this is a critical first step in the process, identify at least two factors that should be considered when preparing sales forecasts.
the manufacturer of a product that has a variable cost of 2.50 perunit and total fixed cost of 125000 wants to
prepare the necessary ledger accounts assuming that aseparate set of books are maintained for the joint venture transactions.
What are the general types of subsequent events that require Green's consideration and evaluation? What are the auditing procedures Green should consider performing to gather evidence concerning subsequent events?
visit the website of your favorite u.s. company. find the companys financial statements in the section of the website
use the following information to prepare a multiple-step income statement.nbspnbspthe income tax rate on all items is
discuss how the current U.S. economy has affected the write-off of and the impact on factoring accounts receivable. Cite the Websites used to support your answer.
The machine has a 5 year useful and has a salvage value of $3,000. The new machine will generate $8,000 in additional sales each year. Bob has a hurdle rate of 10%.
recording transactions affecting the enterprise fund and business-type activitiesthe city water utility is owned and
The board of a company decides that the strategic objectives of the company should be:to become established as the best in its field.
information for the sandy manufacturing company for the month of july 2012 is as follows.beginning work in
Assume that retained earnings increased by $240,000 from December 31, 2005, to December 31, 2006, for Miller Corporation. During the year, a cash dividend of $140,000 was paid.
Assume this company uses the FIFO method of process costing and direct material is added uniformly throughout the process. What are the equivalent units produced of direct material?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd