User Account

All Pages

How flexible budgeting should be applied by the management

Assignment Help Managerial Accounting
Reference no: EM13891201

Flexible budgeting One of the significant costs for a nonpublic college or university is student aid in the form of gifts and grants awarded to students because of academic potential or performance, and/or financial need. Gifts and grants are only a part of a financial aid package, usually accounting for no more than 20% of the total package. Federal and state grants, other scholarships, loans, and income from work constitute the rest of financial aid, but these funds are not provided by the institution. Assume that for the 2013-2014 academic year, Wonder College had a gift and grant budget of $900,000 and that all of these funds had been committed to students by May 15, 2013. The college had capacity to enroll up to 200 additional students.

Required:

Explain why and how flexible budgeting should be applied by the management of Wonder College in administering its gift and grant awards budget.

Reference no: EM13891201

Questions Cloud

Discuss the role of ethics in the classroom : Read the article by Tabachnick, Keith-Spiegel, and Pope. Consider response categories and think about which response category most closely aligns with how you might respond to each survey item. Consider how your responses compare to that of the su..
How can you capitalize on these to better services to client : In what has these 3 factors (social, political and economic) influenced a psychological practice and delivery of services and How can you capitalize on these to better services to clients?
Describe developments of industrialization : Describe two developments of industrialization that positively affected American lives or the United States in general. At least 2 academically acceptable sources are required.
What types of human resource issues are likely to affect : What types of human resource issues are likely to affect a psychological practice? How might they be resolved/addressed?
How flexible budgeting should be applied by the management : Explain why and how flexible budgeting should be applied by the management of Wonder College in administering its gift and grant awards budget.
Discuss a social justice issue in contemporary society : Identify and discuss a social justice issue in contemporary society (within the last two years) that specifically relates to equality, solidarity, or human rights. Make sure to cite a periodical that covers this issue
Briefly describe the punishment for attempted murder : Briefly describe the punishment for attempted murder in your state or the state you selected, noting whether it is the same as or less than the punishment for committing murder. Then explain whether you agree or disagree with the punishment for at..
Compare suicide rates in the two states : Consulting the Statistical Abstract of the United States or a similar publication, check the migration rates into and out of each state. See if you can find the numbers moving directly from New York to California and viceversa.
What is the court discretionary jurisdiction called : Analyze the ways in which a criminal case can get to the U.S. Supreme Court. Which cases must the Supreme Court review, and which cases do they have discretion on whether or not to render an opinion? What is the court's discretionary jurisdiction ..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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