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Budgets

Scheduling and Budgeting

Determine the tools that would work best for developing a schedule and budget. Simple methods for monitoring and controlling the schedule and budget. Identify and discuss findings from at least 4 separate articles concerning tools that are going to be used in developing a schedule and budget. Identify and discuss fin

Variance for Total Revenue and Variable Expenses

Mountain sports equipment company projected sales of 78,000 units at a sale price of $12 for the year 2015. Actual sales of 2015 were 75,000 units at $14.00 per unit. Variable costs were budgeted at $3 per unit and the actual amount was $4 per unit. Budgeted fixed costs totaled $375,000, while actual fixed costs amounted to $400

ROI for Apple

Financial information for a recent year for Apples, Inc. is: Sales $40,000,000 Less: Cost of goods sold 25,000,000 Selling and administrative expenses 5,000,000 Interest expense 1,000,000 Income before taxes 9,000,000 Less: income taxes 3,150,000 Net income 5,850,000 Total assets

Internet searching "flexible budgets"

I need help with performing an Internet search using the term, flexible budgets, and to locate an article (less than one year old) from the results of my search. After reading the article, I need to write a brief paper (3 - 5 paragraphs) that summarizes and comments on the article.

Sales Budget and Increases in Sales

The Tin Bucket Company makes tin buckets in a standard two gallon size. At the beginning of this year, the company changed its advertising campaign and expects its sales to increase dramatically. For 2011, the company's sales were as follows: First Quarter 20,000 units Second Quarter 25,000 units Third Quarter 30,000 un

Production Budget and Inventory and Projected Sales

The Peanut Processing Company produces cans of peanuts. The company expects sales of 15,000 cans in January, 16,000 cans in February, 17,000 cans in March, and 17,000 cans in April. There are 1,500 cans in inventory at the beginning of January. The company tries to maintain a monthly ending inventory of cans of peanuts equal to

Activity-Based Budgeting & Flexible Budgeting

See the attached file. Question 5 a. The following information pertains to CJ Corporation: Twenty percent of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. A 2 percent discount is allowed on cash paid out at the time of purchase. Cash is collected from customers i

University Controller: Financial Data from Operations

The controller of a small private college is complaining about the amount of work she is required to do at the beginning of each month. The president of the university requires the controller to submit a monthly report by the fifth day of the following month. The monthly report contains pages of financial data from operations. T

Oneida Cash Budget, Collections, Purchases, Loan

During the last week of August, Oneida Company's owner approaches the bank for a $99,000 loan to be made on September 2 and repaid on November 30 with annual interest of 12%, for an interest cost of $2,970. The owner plans to increase the store's inventory by $60,000 during September and needs the loan to pay for inventory acqui

Non-Profit Financial Plan

I am in the process of designing a non-profit prisoner re-entry program. The program will assist ex-offenders with issues impeding them employment in addition to job placement. I can design a budget using up $200,000. What kinds of staff would I need? (Professional & Administrative support) What about operating expen

Kiel Center: Cash Collections Budget

Kiel Center sells only on credit (no cash sales). Prior collection patterns show that 28% of a month's sales are collected in the month of the sale, 51% are collected in the month after the sale, and 19% are collected in the second month after the sale. For example, June sales would be collected over three month, June (28%), J

Old Guard: Materials Budget & Reason for Ending Inventory

Each gallon of Old Guard, a popular aftershave lotion, requires 3 ounces of ocean scent. Budgeted production of Old Guard for the first three quarters of 2013 is: Quarter I 13,000 gallons Quarter II 18,000 gallons Quarter III 12,000 gallons Management's policy is to have at the end of every qua

NPV: US multinational production facility in the UK

A US multinational is contemplating a production facility in the UK. The production will be sold locally in the UK. The cost of the facility is estimated at $150,000,000 USD. Here is other pertinent information on the project: Year 1 2 3 4 Price per unit GBP 1,500 1550 1,600 1,800 Unit sales 50,000 180,000 360,000 5

Budgetary Assumptions and Control Procedures

In the light of the Core Value of Integrity, consider management's responsibility when it comes to estimates in the creation of budgets. Describe the incentives management has to misrepresent these estimates. Discuss controls/ procedures that may be put in place to prevent misrepresentation of these estimates.

Budgeting for production and sales

For this year, production and sales are based on 4,000 units per year: Building depreciation $200,000/yr. Machine operators $100,000/yr. Management staff $400,000/yr. Direct materials $4,000,000/yr. Other expenses that seem to vary based on production levels $3,000,000/yr. Other expenses that don't seem to vary $1,300,000/

Public Budget Cycle

Write in four-pages in which you define The Public Budget Cycle in a government agency of choice. Explain phases of budget cycle (preparation and submission, approval, execution and audit and evaluation) and how this relates to the overall organizational mission of the government agency.

Developing a Budget

For a business making framed botanical prints: 1..Prepare the following budgets for 1 quarter broken down monthly regarding your chosen item: estimated sales budget, estimated direct materials budget, estimated direct labors budget, estimated manufacturing overhead budget, estimated selling and administrative expenses, and an

Advertising & Promotional: creative brief budget and justification

Need help because I am having some difficulty. Can you please help me with this creative brief template and summary? It is about "Newton: Color Me Happy running shoes" Thanks and I appreciate your help. "Color Me Happy - Newton Running Shoes" Creative Brief Budget This week, complete the Budget section of your creative

Budget Analysis

In December of 2007, Jones Inc. was formed as a corporation. The company plans to start its operations in early January of 2008. They have the following purchases budgeted for the first quarter of 2008: January $600,000 February 500,000 March 300,000 Jones has worked out agreements with its various suppliers to pay fo

Simid Sports: Production Budget

Near the end of 2011, the management of Simid Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2011: Simid Sports' single product is purchased for $30 per unit and resold for $60 per unit. The expected inventory level of 5,250 units on December 31, 2011, is more than management

Cash Budget for Hotel Motel Company

Need assistance to prepare a cash budget: The following information for the month of May has been provided for the Hotel Motel Company: May 1, cash balance...............................................$29,500 Cash collections anticipated in May..............................38,500 Expected May cash expenditures for opera

Budget

So your new accountant could practice the budgeting process in your for-profit company, you want her to compare budgeting methods for two different kinds of entities. You give her information for a for-profit and for a nonprofit entity and ask her to complete the following: Use the assumptions and data in the attached excel sh

A Discussion On Tax Bases, Budget Financing, Budget Deficits

1. Contrast the three major classes of tax bases, also addressing economic bases. 2. Analyze various methods of government financing in their budget, and provide a synthesis of the strengths and weaknesses of these methods, as well as their long term effects. 3. The classical economists argued that budget deficits would no

A Discussion On Value Added Tax, Federal Budget Process, Policy Making

1. To assist in providing new revenues to the federal government, some have proposed a value added tax (VAT) similar to those used in the United Kingdom and Canada. What are the pros and cons of introducing this type of national sales tax? 2. Describe the formal federal budget process. In your view, what are some of the key

Case Study: The DMV Monthly Operating Budget

The Division of Motor Vehicles (DMV) is part of the State Department of Transportation (DOT). The purpose of that department is to ensure the safety and free flow of people and goods throughout the State by ensuring that there is a reliable system of transportation and motor vehicle services. This mission is accomplished by fund

Budget Contingency

What is a budget contingency and what are three reasons to have such a "safety net" in place? Have you been involved in projects where it was necessary to use contingency funds? What circumstance necessitated it? How could have the situation been avoided?

Program for the Red Cross.

Part 1: Budget -Prepare a budget for an fictitious or existing program of the Red Cross (either an existing one that will be expanded upon or a new program) that will be beneficial to the organization and the community that it serves. -Secondly, I need to write-up a budget justification. This is is an explanation of the fa

Revenue Budget and a Company's Ability to Meet Long-Term Goals

Please help with the given question: Non-production expenses such as marketing, research and development, and general administrative costs can play an important role in a company's ability to meet long-term goals. Discuss how the budgets for each of these costs contribute to the company's success. Which do you think plays the

Steps in Budget Creation

What are the steps of the creation of a project supply, service, and material budget from detailed requirements.