Explain short-term budgets

Assignment Help Managerial Accounting
Reference no: EM133239830

The budgeting cycle could be short term (next quarter), or long term (next year). Both the short-term and the long-term focus have their own advantages and disadvantages. Shareholders of the company do not want managers to focus on short-term budgets. Discuss the possible reasons (Hint: there are at least two reasons).

Reference no: EM133239830

Questions Cloud

Why it is important for a person working in health care : Discuss why it is important for a person working in health care to understand statistical concepts. Provide an example of how statistical data is used
Does the law always agree with the most ethical action : Does the law always agree with the most ethical action? In other words do you think Canfield should be charged with murder? What would you do if you were
Create a job description for a new chaplain in paragraph : CRJS 2460 University of North Carolina, The role as a chaplain roles has changed a lot over the years. Create a job description for a new chaplain in paragraph
Difference between an organization vision and change vision : What does it Mean to be Polite Discussion Questions - Discuss the difference between an organization vision and a change vision
Explain short-term budgets : The budgeting cycle could be short term (next quarter), or long term (next year). Both the short-term and the long-term focus have their own advantages and disa
How views about immigration and tabarrokss proposal : Analyze a short reflection (just one paragraph) about how your views about immigration and Tabarroks's proposal for open borders are shaped.
Transformation of the pharmaceutical industry : No industry has seen as much fervent activity in the last 15 years as the pharmaceutical industry. Since Pfizer bought Warner-Lambert in January 2000, at least
How are terrorist groups and organized crime groups : CRIJ 3370 University of the Incarnate Word - What are the differences between convergent, content, and concurrent validity? Can you have all three at once?
Identify what sensory domain the item targets : Identify what Sensory Domain the item targets. Explain how and why it would aid the learner and when and how you would incorporate it into their day

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd