annual budget for the RTWMTC
Not what you're looking for?
You have been hired as an executive director of a small nonprofit organization. Among your many duties are to determine an annual budget and develop a fiscal plan for the organization.
For this assignment, you must develop a 2-page spreadsheet that you will deliver to the director and staff containing an annual generic annual budget for the RTWMTC. Using an income of 800,000 per year, you must answer the following questions:
- How many employees does the RTWMTC company have and what is the break down of their salaries (you may choose)
- What additional costs does RTWMTC have (include utilities, lease/mortgage, phone, etc.)?
- What is the surplus or deficit of the RTWMTC?
Purchase this Solution
Solution Summary
Your tutorial is 341 words plus two reports in Excel, a monthly detail budget with assumptions and an annual budget showing the net operating activity and the increase to operating reserves fund. The shortfall during a few months of the year is discussed and suggestions made to address the issue.
Solution Preview
Dear Board of Directors,
I have created an annual budget (Excel tab: Summary Annual Budget) showing that our expenses are below our projected inflows for the period by $5,227. This amount would be available to put aside into an operating reserves account for future periods if the collections did not cover expenditures for operating activities. Of course this budget is predicted on certain assumptions which are shown on the annual and monthly budget pages. If any of these are wrong, the budget would need to be adjusted and could be misleading in small or large ...
Education
- BSc, University of Virginia
- MSc, University of Virginia
- PhD, Georgia State University
Recent Feedback
- "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
- "Thank, this is more clear to me now."
- "Awesome job! "
- "ty"
- "Great Analysis, thank you so much"
Purchase this Solution
Free BrainMass Quizzes
Introduction to Finance
This quiz test introductory finance topics.
Operations Management
This quiz tests a student's knowledge about Operations Management
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.