Budgeting process in your for-profit company

Assignment Help Cost Accounting
Reference no: EM13303891

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 sheet. (there are two tabs)

1. complete next year's budgeted figures for each entity within the same Excel worksheet (yellow cells)

2. include your reasoning for most of the budgeted figures (green cells)

Because of a bad recession, government grants were not cut by 50% but are eliminated completely for next year's budget and fundraising efforts-despite an increase in expenses-did not improve at all.

Write a memo of 300-400 words explaining what you would recommend that the museum manager do.

Reference no: EM13303891

Questions Cloud

Prepare a statement of cash flows on the direct method : Prepare  a Statement of Cash Flows on the direct method (do not include the  indirect method of calculating operating cash flows). The Statement of Cash Flows should  automatically change when any assumption is changed.
What is the work done by you on the suitcase : after boarding an airpalne you carry your 14.0 kg suitcase down the aisle to your seat a distance of 24.0 m
How close can she hold a magazine and still read it clearly : Your friend has a near point of 129 cm, How close can she hold a magazine and still read it clearly
Determine the height of the table : A roach that runs for its life because you try to hit it with your physics book runs off the horizontal tabletop with a speed of 0.64 m/s. Find the height of the table
Budgeting process in your for-profit company : Eliminated completely for next year's budget and fundraising efforts-despite an increase in expenses-did not improve at all.
What is his moment of inertia about the high bar : An 80.0 kg gymnast has a moment of inertia about the mediolateral axis through his COM of 15.80 kg . m2. what is his moment of inertia about the high bar
Determine how far are you from the lightning stroke : Suppose that you hear a clap of thunder 15.5 s after seeing the associated lightning stroke. How far are you from the lightning stroke
Explain we have to make a project in java : We have to make a project in java . This is a small deskstop application no specifications given so far . The CD store has CD games and music we can rent a cd or we can buy . This is all we need to develop.
Calculate the moment of inertia of the hand : The length of an individual's forearm and hand is 30.0 cm and the mass of an individual's hand and forearm is 1.50 kg. Calculate the moment of inertia of the hand and forearm about a mediolateral axis through their combined COM

Reviews

Write a Review

Cost Accounting Questions & Answers

  Evaluate the present value of the minimum lease payments

What type of lease is this? Explain. Evaluate the present value of the minimum lease payments. Prepare all necessary journal entries for Burke for this lease through January 1, 2008.

  Evaluate managements discussion and analysis

Analyze the method of accounting used for the general fund and all other funds in existence by the government. Evaluate the reasoning for the use of the method of accounting for each of the funds as required by GAASB.

  Calculate activity cost rates for each of activity pools

Calculate the activity cost rates for each of the activity cost pools and calculate the amount of "Support Expenses" to be allocated to each of the four product lines for each activity.

  Determine what affect a sales volume increase or decrease

Determine what affect a sales volume increase or decrease will have on unit fixed cost, unit variable cost, total fixed cost, and total variable cost.

  Determine the discount

Determine the discount. The amount of cash Hardcover, inc. actually had available to utilize from this loan was:

  Make a job order cost sheet for the 100 widgets

The Talbott Company has received an order (#324) for 100 widgets - Make a job order cost sheet for the 100 widgets

  Evaluate the 2010 cash-basis net income

Evaluate the 2010 cash-basis net income and evaluate the 2010 accrued-basis net income (show calculations)

  What is sara donglas recognized gain or loss

Sara Douglas purchased 30 shares of WXY stock for $210, and on October 29, 2013, she purchased 90 additional shares for $900. On November 28, 2013, she sold 48 shares, which could not be specifically identified, for $480, and on December 8, 2013.

  The budgets of larger organizations

We all agree that privately held companies are not required by law to follow SOx regulations. However, would it not be a good decision to implement strong internal controls regardless of the size of the organization? What are some of the contro..

  Evaluate the average cost per gallon

What qualitative matters should be taken in considerations with requirement c and d? Describe. Would you change the decision taken on c and d? Clarify.

  What are amounts that should be allocated to warrant

onsider the market price of the Schieble bonds was known to be $180,000, but the market price of the warrants without the bonds cannot be evaluated, what are the amounts that should be allocated to the warrants and the bonds?

  Difference between actual and normal cost

Distinguish normal and actual cost

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!

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