How much in $ is your budget for the coming year

Assignment Help Financial Accounting

Reference no: EM133434269

Case: You are the Security Manager at a medium sized manufacturing plant. The company has a turnover of $ 30 million per year. Following aggressive cost cutting by the new CEO, profits are a reasonable 7%. The annual budget review was hard fought, but by presenting a clear case based on a thorough Security Risk Analysis, you were allocated a very generous 8% of profits as the security budget for the coming year, 50% of which is earmarked for a new CCTV system.

You have now allocated your annual budget and the majority of the money will be spent on an updated CCTV system. However, the CEO has recently expressed the view that some of the cost cutting has gone too far and he wants a security guard 24/7 at the site. You have studied the options and completed the tendering process. A reliable local contractor can provide the required service for $ 50k per annum. You are now about to brief the CEO on the proposal.

Question A. How much in $ is your budget for the coming year?

Question B. What extra sales need to be generated to pay for this service?

Reference no: EM133434269

Questions Cloud

How much money will you have in the account in 23 years : If you deposit $7,742 at the end of each of the next 23 years into an account paying 9.9 percent interest, how much money will you have in the account in 23

Nonverbal expectancy violation theory : You are going to enact the nonverbal expectancy violation theory. How did they react, nonverbally/verbally?

Develop a flexible financial statement package : Develop a flexible financial statement package (call the file yournameFinState23), using Excel that includes

How does a child sense of humour indicate developing : How does a child's sense of humour indicate developing semantic knowledge? Provide 3 examples

How much in $ is your budget for the coming year : How much in $ is your budget for the coming year and What extra sales need to be generated to pay for this service

Concepts reciprocal dependance and reciprocal familiarity : Explain your understanding of Goffman's concepts "reciprocal dependance" and "reciprocal familiarity." How do these apply to team performances?

Compare and contrast opening scenes from 5 adaptations : Compare and Contrast - Opening Scenes from 5 Adaptations." After watching this compilation, discuss which one you think was the most effective.

Determine the present value of an ordinary annuity : Determine the present value of an ordinary annuity of ?$2,500 per year for 12 ?years, assuming it earns 16 percent. Assume that the first cash flow

How inexperience and age causes car accidents : Create a possible thesis statement on how inexperience and age causes car accidents. Also include how DUI contributes to it,not wearing seatbelts

User Account

All Pages