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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

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


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.

Budget Reviews for Three Agencies

Review the budget for three agencies. After reviewing the budgets, briefly summarize the details of three budgets in about 500 words. Include each of the following for the summary: The name of three agencies. A brief description of three budgets. From your initial review, which budget appeals to you the most and why.

Preparing a Budget: Top-down and bottom-up approach

Identify and describe a project where the top-down budgeting approach would be most appropriate. Detail your rationale for the decision and list the advantages for using that approach. Next, identify and describe a project where the bottom-up budgeting approach would be most appropriate. Provide your rationale for deciding on th

Business budget

Do you feel that setting up a business budget is beneficial from the top downward or from down to top? Explain your reasoning. 200 words please.

State Budget Estimates and User Fees

If a state classifies their budget categories by economic, administrative, and functional activities are they in a better position to estimate their budget over the next two years? Do both residential or private citizens and businesses and industries pay user fees?

Methods for Estimating a State's Budget

Hello, I would appreciate assistance with the following questions. Please provide any references used. Thank you. 1. Review the budget from the State of Georgia. Explain in detail the appropriate method needed to estimate the state's budget for the next two years and the advantages of this method over other alternatives avai

Static vs. Flexible Budget Variances

Scenario: Dan Ludwig is the manufacturing production supervisor for Atlantic Lighting Systems. Trying to explain why he did not get the year-end bonus that he had expected, he told his wife "This is the dumbest place I have ever worked. Last year the company set up this budget assuming it would sell 150,000 units. Well, it only

Variance Spending, Efficiency, Budget, and Volume

PROBLEM 2 The following data are the actual results for Marvelous Marshmallow Company for October: Actual output 9,000 cases Actual variable overhead $ 405,000 Actual fixed overhead $ 122,000 Actual machine time 40,500 per machine hours Standard cost and budget information for Marvelous Marshmallo

Defense Budget

1. Identify tools for changing the budget and explain the process. Do you think this process is proper, or do you think it allows changes to be made without proper oversight? 2. Describe the discretion-abuse-control cycle and explain the politics of finding waste, fraud, and abuse. Do you think politics should have a role in

Budget Director Decision

You are the Budget Director for the State of Maine. It's a high-profile department, so you have several assistant directors over different divisions. Over the course of several months, you begin to notice personnel problems (e.g. low employee morale, many customer service complaints, etc.) in your economic forecasting division.