How a flexible budget will overcome problem

Assignment Help Business Management
Reference no: EM131869074

The owner of Babycakes is interested in preparing a flexible budget rather than the static budget she currently uses. She does not understand why, when sales increase, her static budget often shows an unfavorable variance. Explain how a flexible budget will overcome this problem. Use the details of your newly prepared budget for the 4th quarter of 2016 to address her concern.

Reference no: EM131869074

Questions Cloud

What are some of the signs that your site has been hacked : Imagine you are the owner of an e-commerce website. What are some of the signs that your site has been hacked?
What is current yield of the bond : What is the market price of a $1,000 face value bond? What is the current yield of the bond? How much interest does bond accrue 50 days after a coupon payment.
When a project manager is gathering information about risks : When a project manager is gathering information about risks, is it a good idea for her to set limits on the number of risks that will be considered?
What is your net dollar sales projection for year : what is your net dollar sales projection for this year?
How a flexible budget will overcome problem : Explain how a flexible budget will overcome this problem. Use the details of your newly prepared budget for the 4th quarter of 2016 to address her concern.
Facing a financial challenge : Imagine that Babycakes is facing a financial challenge that is causing the actual amount of money that it spends to become significantly
What is the initial value of? gladstone debt : What is the initial value of? Gladstone's equity without? leverage? What is the initial value of? Gladstone's debt?
Describe the assumptions used to make these estimates : Describe the assumptions used to make these estimates. Include an overview of the budget in the report, presenting the actual budget as an appendix.
Why is marketing critical for entrepreneurs : Why are small businesses an important consideration for state and federal politicians - What can an entrepreneur do when there are no business opportunities

Reviews

Write a Review

Business Management Questions & Answers

  Illustrate what are the three major sources of organization

XYZ Ltd. has just introduced a performance-based reward system for all production employees. The plan pays employees a team-based bonus based on the reduction of labour costs per unit in the production department.

  Supply chain affect product sales to foreign countries

How can the global supply chain affect product sales to foreign countries?

  Managers and decision making

What is a Manager and class, based on what we know from the Griffin text, is everyone considered a manager

  Additional context for our mission and vision

Adding some additional context for our Mission and Vision.  Its basically a verbal of my thought process, to help bridge it into our paper - instead of our just the statements themselves.

  Illustrate what actions would you recommend to carlos

Illustrate what actions would you recommend to Carlos Fernandez to help Grupo Modelo sustain or improve its competitive position, especially its international operations, also its long-term financial performance?

  Which corporations exhibited a differentiation advantage

Assignment: Differentiation Advantage and Cost Advantage- Which corporations exhibited Differentiation Advantage? Which corporations exhibited a Cost Advantage?

  Home improvement or repair project

Were you (or they) in compliance with the standards for use of tools? What could have been done to make the job safer?

  Security controls and the business

Discuss the importance of balancing security and business functionality. Determine why upper management buy-in for a security program.

  What are the fundamental purposes of business

What Are the Fundamental Purposes of Business and the Responsibilities of Strategic Leaders? The sole purpose of business is to generate profit for shareholders, as Milton Friedman suggests.

  Describe mechanics of the constant growth forecasting method

What is the starting point for creating forecasted financial statements?- Briefly, describe the mechanics of the constant growth forecasting method.

  Describe the dataset and describe each of the variables

Describe the dataset and describe each of the variables. Each student will be given a sample from a large population and each student will analyse their own sample.

  Apply bcg matrix on any company

Apply BCG matrix on any company? Q: Critically discuss whether the sole purpose of the company should be to make profit?

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