Reference no: EM131446515
No format needed for the following questions, please make sure the answers are at least 100 words.
1. The sales budget provides both the unit sales volume of each good or service and the unit price. There are good reasons for needing both data elements. Some managers may be more concerned with the quantities sold rather than with sales dollars.
A production manager is concerned with the number of budgeted units to be sold, in order to budget how many units to make, and has no use for sales prices or sales dollars, per se.
Would you expect that the sales budget may reflect different volumes and prices than was forecasted in the sales forecast? What would be be doing differently during the sales budget process than while creating a sales forecast snapshot?
2. When doing your sales budget, how can you gauge potential changes in quantity purchased from your existing customers? What changes can you expect from new customers? Can you look at history to see when you get net new clients? Launching a new product would be a more obvious event, right?
3. We're told that in a 2011 Hackett Group study, that the accuracy of revenue and profit forecasting were very high. However, the forecasting for cash flow was the least accurate.
Why do you think that is? Now consider that many of you keep a house hold budget. If you run into the same problems with that, then you know the answers as to why.
For those of you wondering, the Hackett Group is a global consulting company that performs data analysis for various industries.
|
Essentials of social work
: Select two (2) of the listed roles and compare and contrast the main responsibilities associated with them.
|
|
Governing domestic and international competition
: From an institution-based view, what is the impact of the Host Country's laws governing domestic and international competition?
|
|
What is sox
: To achieve SOX compliance has required many organizations to significantly change their business processes and invest in new software products. Use the Internet to research some examples of these types of impacts that SOX has had on U.S.-based com..
|
|
History of the twenty-first century
: Friedman, T. L. (2005). The World is Flat: A Brief History of the Twenty-first Century. New York: Farrar, Straus and Gioux, PAGES 308-373, 477-530.
|
|
Good reasons for needing both data elements
: 1. The sales budget provides both the unit sales volume of each good or service and the unit price. There are good reasons for needing both data elements. Some managers may be more concerned with the quantities sold rather than with sales dollars..
|
|
Find article about the security of health information
: HIPAA concerns will be growing over the next years as more physician practices in the United States adopt electronic health records (to take advantage of a federal government incentive plan under the HITECH Act). Find a recent article that discuss..
|
|
Paper on key information
: Write a 525- to 700-word paper on key information you learned from the Retail Location Activity that answers the following questions:
|
|
Evaluate and present the impacts of the resources
: Your employer has been going through many challenges this past eighteen months due to the recent financial crises. There has been major challenges throughout the company including, high turnover, software applications being used are outdated, stre..
|
|
Calculate the the velocity immediately before impact
: MEC2405 Machine Dynamics Assignment. A car travelling on level ground at a constant 100 km/h drives off a 20 m high cliff. calculate the: horizontal distance travelled from the cliff edge to the point of impact; and ) the velocity immediately before ..
|