Issues regarding the preparation of the budgets

Assignment Help Finance Basics
Reference no: EM13790890

The city in which you live provides its budget information in monthly budgetary control reports with each month representing 1/12th of the overall budget. You overhear several managers discussing the budget at a community meeting. You were surprised to hear that half of the managers liked this process and that the other half felt that it did not adequately match their expenses.

Discuss the issues regarding the preparation of the budgets and why half of the departments liked the process and why the other half did not like the process. Complete the following:

  • Give examples of 1 department on each side of this controversy.
  • Can the budgeting process be made more reflective of the work actually being completed?
  • Explain your answer.

Reference no: EM13790890

Questions Cloud

Discussion on environmental factors : Discussion-Environmental Factors
Mechanical and chemical weathering issues : what are some specific environmental factors that influence or control the rate of weathering? And, of those factors, which would be most important? Give reasons.
What specific things should this employer have : Case: NLRB v. Whitesell Corp. 638 F.3d 883 (8th Cir. 2011) - Opinion by circuit judge Shepherd: What specific things should this employer have done differently to avoid the outcome in this case
Which lines provide important information for the play : Which lines provides important information for the exposition of the play? O Banquo, Banquo!/Our royal master's murder'd! And, for an earnest of a greater honor
Issues regarding the preparation of the budgets : Discuss the issues regarding the preparation of the budgets and why half of the departments liked the process and why the other half did not like the process. Complete the following:
Science ph, acid, base related problems : Explain the pH scale and how it is used to indicate acidic, alkaline, and neutral solutions.
What should the staffing agency have done instead : What should the staffing agency have done instead? Would the court's suggestions be workable? Legal
How long has your interviewee worked : Create an introduction that includes the interviewee's background. What is his/ her name? What is his/her position? How long has your interviewee worked at this organization, and what is his/her role there?
Generating hypothesis for t-tests and anovas : Generating hypothesis for t-tests and ANOVAs

Reviews

Write a Review

Finance Basics Questions & Answers

  Premium the market price of harris corporation stock is 45

premium. the market price of harris corporation stock is 45. its exercise price is similarly 45. will the stock

  Are there any legal factors that could restrict a

are there any legal factors that could restrict a corporation in its attempt to pay cash dividends to common

  What are some of the disadvantages of carrying inventories

What are some of the disadvantages of carrying inventories?

  What about triple in value

Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 17.2 percent and the standard deviation of those stocks in this period was 43.92 percent.

  Future of qualified plan influence

Discuss the importance of qualified plans and the economic and societal importance of these plans. Further, discuss how the decline of specific defined benefit plans has altered the retirement landscape and the influence this will have on future r..

  Market capitalization rate

The stock chosen is Johnson Controls INC. The computations should be done in excel. Please answer the following questions.

  Which of the following are tax-deductible for

which of the following are tax-deductible for acorporation?a. common stock dividendsb. interest expense preferredc.

  What is the return that zen will earn

Garth wants to invest only in Investment grade bonds or better. His strategy is to hold the bond until maturity and he wants to earn a YTM of 8% or better.

  Why inflation premium and risk premium is added to real

why inflation premium and risk premium is added to real interest rate in order to arrive at value of nominal interest

  What is the expected change in net income

The interest rate on the notes payable is 10%, and the tax rate is 40%. If the firm implements the plan, what is the expected change in net income?

  What is the spread in percent

A). What is the spread in percent? B). What are the total expenses for the issue? C). If Dixon Corp. needs to generate $28 million, how many shares will have to be sold?

  Evaluate the proposed relaxation

Evaluate the proposed relaxation, and make a recommendation to the firm. (Note: Assume a 365-day year.)

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