User Account

All Pages

Budget planning and control report

Assignment Help Finance Basics
Reference no: EM131173373

Babycakes, a specialty bakery, is the company that will be considered for all parts of your budget planning and control report. For this assignment, you will develop a three to four (3 - 4) page paper in which you address the following.

  1. Briefly discuss the ways a realistic budget will benefit the owner ofBabycakesversus having no budget at all.Be sure to use Babycakes as the company and any specific product details in your explanation.
  2. Prepare a sales budget for the LABabycakesstore for the 4th quarter of 2016.Present the number of units, sales price, and total sales for each month; include October, November, and December, and a total for the quarter.Use one-half of the Valentine's Day sales as the basis for a usual day in the new quarter. Use 30 days for each month. Calculate the total sales for each month for October, November, and December.
  3. Create three (3) new products, one (1) for each of the three (3) holiday seasons in the 4th quarter. Estimate the sales units, sales price, and total sales for each month. Describe the assumptions used to make these estimates. Include an overview of the budget in the report, presenting the actual budget as an appendix with all data and calculations. Add these amounts to your sales budget.
  4. The owner ofBabycakesis interested in preparing a flexible budget rather than the static budget she currently uses. She does not understand why, when sales increase, her static budget often shows an unfavorable variance. Explain how a flexible budget will overcome this problem. Use the details of your newly prepared budget for the 4th quarter of 2016 to address her concern.
  5. Imagine thatBabycakesis facing a financial challenge that is causing the actual amount of money that it spends to become significantly more than its budgeted amount. Include a discussion of your own unique cause of the overspending. Explain the corrective actions needed to address these challenges.
  6. Integrate relevant information from at least three (3) quality academic resources in this assignment.  Note: Please do not use your textbook as an academic resource. Also, Wikipedia and other Websites that are unreliable do not qualify as academic resources.

Reference no: EM131173373

Questions Cloud

What is the optimal consumption bundle of this consumer : Consider a consumer who has utility function u(x, y) = min{2x, 3y} where x, y are amounts of goods X, Y consumed respectively. (a) If px = 1, py = 1, consumer has total budget w = 10. What’s the optimal consumption bundle of this consumer?
Write out algebraic expression for consumers budget line : Suppose there are two goods, labeled x, y. A consumer has a budget of w = 220. Suppose the following two consumption bundles: (x = 4, y = 10), (x = 6, y = 4) all cost the consumer 220. (a) What’s the price ratio between the two goods? Namely what’s p..
Work in repeated? prisoners dilemma? game : In which of the following would cooperation be most likely to work in a repeated? prisoners' dilemma? game?
Describe role of public health in the monitoring of disease : Describe the role of public health in the monitoring of disease. Explain the need to standardize data sets in measuring population health. Analyze how population health is measured and aggregated nationally.
Budget planning and control report : Babycakes, a specialty bakery, is the company that will be considered for all parts of your budget planning and control report. For this assignment, you will develop a three to four (3 - 4) page paper in which you address the following.
What is your optimal? strategy : Suppose you and a classmate are playing a game where your classmate proposes a division of? $1.00. ? Then, you either accept or reject the offer. If you? accept, then you and the classmate get the proposed portions of the dollar. What is your optimal..
What is the purpose of a bank reconciliation : What is the purpose of a bank reconciliation? What are the reasons for differences between the cash reported in the accounting records, and the cash balance in the bank statements?
What motivational techniques might you use to encourage : Continuous process improvement is a significant step in Kotter's last step 'make it stick' . The last step defines the cultural change for the organization and is marked by employee buy-in, leadership's ability to motivate staff towards change, a..
Do you feel the scenario constitutes a hipaa violation : Do you feel this scenario constitutes a HIPAA violation? If so, who committed the HIPAA violation? How should you follow up and what steps will you take as the HIPAA Privacy Officer at the end of this phone call?

Reviews

Write a Review

Finance Basics Questions & Answers

  Do you agree that corporate managers would manipulate

Do you agree that corporate managers would manipulate their stock’s value prior to a buyback or do you believe that corporations are more likely to initiate a buyback to enhance shareholder value?

  1-suppose you deposit nbsp 5000 in the bank how much can

1-suppose you deposit nbsp 5000 in the bank. how much can you raise after 10 years when discount rate is 5 for the

  Create the best solution for solving the problem

Create the best solution for solving the problem of who owns the slower horse. Justify your response. Explain the main reasons why you believe your solution would solve the two men's problem of who owns the slower horse. Provide a rationale for you..

  Should each of these costs be capitalized or expensed

Development costs (pipes, roads, and so on, to extract and transport the oil to refineries). Should each of these costs be capitalized or expensed? Explain.

  What is the potential savings in interest expense

what is the potential savings in interest expense if the firm achieves the industry for the turnover of its inventory?

  Establishment of local collection centers

Norma's Cat Food of Shell Knob ships cat food throughout the country. Norma has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by two and one-half days.

  Present value of a security

What is the present value of a security that pays $1,000 at the end of each year for 10 years? Assume the interest rate is 10% per year.

  Times interest earned is a valuable ratio to a vendor

times interest earned is a valuable ratio to a vendor because it tells the vendorawhether the company makes enough

  Explain how the cash flow situation of the greek tour

Greece's cost of labor and rent are relatively low. Explain why this information is relevant to Nantucket's decision to establish a tour business in Greece. Explain how the cash flow situation of the Greek tour business exposes Nantucket to exchange ..

  The amount of time that a drive-through bank teller spends

the amount of time that a drive-through bank teller spends on a customer is a random variable with a mean micro 3.2

  If edneys sales increase 30 how large of an increase in

edney manufacturing company has 2 billion in sales and 0.6 billion in fixed assets. currently the companys fixed

  Basic concepts in finance-solution set

You currently receive $10,000 per year on annuity contract. It will expire in eight years. Someone wants to purchase the contract from you. If you can earn 12% on other investments of the same quality and risk, how much would you be willing to sel..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd