Explain why budgeting is important for a firm

Assignment Help Managerial Accounting
Reference no: EM133043619

Question - Explain why budgeting is important for a firm. Do you think that a firm's budget should ever be violated (exceeded)? Explain your rationale.

Reference no: EM133043619

Questions Cloud

Cyber breach at target : What is your diagnosis of the breach at Target-was Target particularly vulnerable or simply unlucky?
Accuracy of financial reporting : The accuracy of financial reporting is important. How would you check that you have provided accurate information in your financial reporting and calculations?
What type of shares should cheng buy : What type of shares should Cheng buy? State one (1) more right that the shares give to its holder based on one (1) statutory provision
Ministry of manpower research and statistics department : Report on Wage Practices, 2012 (released by the Ministry of Manpower's Research and Statistics Department)
Explain why budgeting is important for a firm : Explain why budgeting is important for a firm. Do you think that a firm's budget should ever be violated (exceeded)? Explain your rationale
Identify management styles : Identify 2 management styles, and discuss how each style will impact members of a team that work over time or teams working together to complete an assigned tas
Windows server : Discussing the key aspects of how Windows will fit into your proposed corporate environment.
Learn about leadership : Evaluate the design elements that help ensure that participants learn about leadership and put it into practice.
Journalize the entry on march to record the purchase : Journalize the entry on March 7 to record the purchase and on March 30 to record the requisition from the materials storeroom

Reviews

Write a Review

Managerial Accounting Questions & Answers

  How many euros can get for one dollar in the spot market

Suppose you issued a 120-day forward contract to exchange 200,000 euros into Canadian dollars. How many dollars are involved?

  Prepare the income statement of waltons manufacturers

Prepare the Income Statement of Waltons Manufacturers for the month ended 28 February 2021 using the absorption costing method.

  What the gross profit and income from operations

What The gross profit and income from operations for the Division are? The financial information was summarized from the accounting records

  What the break-even in monthly unit sales is closest to

What the break-even in monthly unit sales is closest to? Variable expense per unit$57.20. Fixed expense per month$310,948. Selling price per unit$220.00

  Find what is the maximum amount the company willing to pay

Find what is the maximum amount the company should be willing to pay an outside supplier per unit for the part if the supplier commits to supplying

  What the equivalent units of production were

60,000 were finished and the remaining 30,000 were one-third complete at the end of the period. Using FIFO, the equivalent units of production were

  Discuss the components of the fraud triangle

Discuss the components of the fraud triangle that affected Miss Alvarez's behavior. Did miss Alvarez violate any standards of ethical practice. If so which ones

  What inventory turnover ratio and the gross margin return

What are the inventory turnover ratio and the gross margin return on inventory investment for 2017? Kent Inc. provided the data for 2016 and 2017

  Why is management accounting in practice

Why is management accounting in practice pulled between Taylorism and Toyota's version of Lean? What research evidence is there that the slack built into the TPS version of Lean is an essential part of long term success and should not be confused ..

  What is process managing for financial plan to be successfu

What key processes are considered to be the most significant financial issues that necessitate planning, controlling, and managing for a financial plan

  What the period costs are

What The period costs are? Direct material used $150,000, Selling costs $5,000,Depreciation on factory equipment $70,000,Indirect labour

  What is inventory level at which reorder should be replaced

If Gem wishes to maintain a safety stock of 1,000 units and it takes 10 days to receive an order, what is inventory level at which a reorder should be replaced

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