Explain the difference between forecasting and budgeting

Assignment Help Accounting Basics
Reference no: EM13392554

What is the difference between forecasting and budgeting? What are the various forecasting techniques? As a manager, which one would you prefer? Why?

Reference no: EM13392554

Questions Cloud

Design a two 2 day training program for a group of twenty : 1. design a two 2 day training program for a group of twenty 20 employees.2. identify two to three 2-3 training needs
Fnd the deadweight loss of the policy if marginal cost of : you have the following information on the marginal benefit and marginal cost of abating emissions of a given
Analyze the key reasons why the entering the market in the : this assignment will provide you with firsthand experience in developing a strategic marketing plan for entering a new
Recognize the best value discipline generic strategy and : write a paper of no more than 1400 words that evaluates alternatives an organization must consider to realize
Explain the difference between forecasting and budgeting : what is the difference between forecasting and budgeting? what are the various forecasting techniques? as a manager
Explain the components of a master budget what are the : what are the components of a master budget? what are the steps in the budget process? who is involved with this
The first bank of ellicott city has issued perpetual : the first bank of ellicott city has issued perpetual preferred stock with a 100 par value. the bank pays a quarterly
How would answer change if value of cedi was expected to : salt inc. just constructed a manufacturing plant in ghana. the construction cost 9 billion ghanaian cedi. salt intends
What would be the nature of the objective function in such : a trading company in the middle ages transported tea spices and other oriental products via the overland trade route

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much owners equity increased for the month

a) Describe each transaction that ocurred for the month. b) Determinate how much owner's equity increased for the month. c) Compute the amount of net income for the month.

  Developing profit and return on investment

Through hard work and careful saving, Hans and his family have152,000 to start a small business. The family estimates sales tocustomers will be about $4,500 per month during the first year. Onthe average, expected cost per month are budgeted as fo..

  How will the character of the income or loss be determined

A.The character of any income or loss will be ordinary regardless of when the contributed property is sold by the partnership and regardless of the character of the asset in the hands of the partnership.

  Schedule of consolidated net income

Prepare a proper schedule of consolidated net income and apportionment to non controlling and congtrolling interests for 2010.

  Explain the concept of “business ethics”

Explain the concept of “business ethics”. Critically discuss the term “complex ethical dilemma”. Reviewing the real life situations mentioned in the document Complete Guide to Ethics Management:

  Explain forecasts upcoming sales

Assume that the brand manager forecasts upcoming sales of SUSI to be 150,000 units, and that there are 35,000 units of SUSI in inventory

  Ending work in process inventory in department

There were 7,500 units in the department's beginning work in process inventory, two thirds complete with respect to conversion costs. During March, 52,500 units were started and 50,000 were completed and transferred out of the department. The endi..

  Uncertainty related to earnings quality

Because of the uncertainty for the future cash flows and the discount rate, we cannot complete the balance sheet if we do have the income statement first. (a) Please discuss for how the uncertainty is related to earnings quality. (b) Can the uncer..

  Why would you select the percentage of sales method

Why would you select the percentage of sales method on calculating doubtful accounts as opposed to the percentage of receivables method? Which method favors the income statement? Which method favors the balance sheet?

  Journal entry-first semiannual interest payment

Prepare the issuer's journal entry to record the first semiannual interest payment assuming the effective interest method is used.

  Determine the break-even sales (units) for the following:

For the coming year, no changes are expected in revenues and costs, except that a new wage contract will increase variable costs by $6 per unit.

  The following information relates to tom a single tax-payer

the following information relates to tom a single tax-payer age 18salary 1800interest income 1600itemized deductions

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