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
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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
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?
I have to write a short reflection essay on budget behavior from public budgeting in America..
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
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
What are the steps of the creation of a project supply, service, and material budget from detailed requirements.
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.
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
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.
Ocean Waverunners plans to produce 20,000 units, 24,000 units, and 30,000 units, respectively, in October, November, and December. Each of these units requires four units of part no. 879, which the company can purchase for $7 each. Ocean Waverunner has 35,000 units of part no. 879 in stock on September 30. Management desires to
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?
Please provide any references used. 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 available. References: Alford, D.D. & Deal, N. (2012). Office of Planning and
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
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
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
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.
Budget Deficit, National Debt, and Government Spending: Is Now the Right Time to Cut Deficit and Reduce National Debt? Abstract: The current economic downturn has raised the question of whether the national debt is too large to continue spending or whether it is impossible to stimulate the economy without increasing national
Requirement: DIRECTV COMPANY WILL BE USED. Budgeting is an important internal activity. Preparing budgets involve forecasting sales and estimating costs. For this SLP, you will prepare a flexible budget for next year for the company of your choice. The budget needs to be realistic and based on corporate and economic tr
Hello, I would greatly appreciate assistance with the following questions. Please respond with at least 100 words or more for all questions and provide any references used. Thank you. 1. Analyze and describe four (4) governmental expenditures each from the Federal, State, and Local budgets that will have a greater imp
Please provide in depth answers to these questions after following the instructions in the word doc and the corresponding excel spreadsheet. Please provide completed spread sheet and answers to questions once complete. Discussion questions 1. Did the department meet its goal of generating revenues sufficient to cover direct
You are a manager in a fictitious company of your choice. Your director has asked you to explain to the department staff the different types of budgets and techniques in order to provide an overall understanding. It will be a talk that you will deliver to the department staff and director explaining the different kinds of bu
The operating budget depends on key information developed in the a. cash forecasts b. sales forecast c. labor forecast d. operating forecasts
Explain a flexible budget. How is a flexible budget related to a static budget? What is responsibility accounting? Explain the purpose of responsibility accounting. What do you believe the future holds for the Sarbanes-Oxley Act? Explain What is the objective of internal auditing? Is the scope of internal auditing limit
What budget is the starting point in preparing the master budget? What may result if this budget is inaccurate?
Suppose low-income people are given vouchers worth $200 per month that they can use only to pay rent on housing
Suppose low-income people are given vouchers worth $200 per month that they can use only to pay rent on housing. Use indifference curve analysis to show how the person could be as well off with a $200 cash transfer. Would the consumer's choice of the amount of housing to rent be any different if he/she receives cash instead of h
What is the purpose of identifying variances in budgets? Does having a favorable variance always mean a positive situation? How about negative? Can you share two examples where a favorable variance could have a negative underlying affect.
Can you think of any other reasons why the baseline of the budget might need to be changed midstream on a project?
Manufacturing Budget Analysis Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is manager of the machine shop in the company's factory; Jim is manager of the equipment maintenance department. The men had just attended the monthly performance
In a store such as Walgreens Drug and Sundry, what experiences with budget variances and the outcome of the corrective actions are taken to stay within the budget? What type of corrective actions would have to be encountered?