Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The following is a statement by a management consultant:
"Many managers claim that budgets are impractical because companies experience so many uncertainties. However, it is very probable that a firm's competitors face the same uncertainties but are also using budgets extensively as an important management tool. A major objective of budgeting is to implement deliberate, well-conceived business judgment rather than rely on intuition and perhaps accidental success. This objective implies that management is competent and can identify, plan for, manage, and to a large extent control the relevant variables that lead to an organization's success. Whether budgeting is used extensively or not managers must deal with uncertainties. However, budgeting will help organize and quantify these uncertainties and lead managers towards more rational decision making processes. If an organization does not budget well it will lose competitive advantage."
Required:
1.Do you agree with the consultant's comments? Why or why not?
In your response you should incorporate at least three perceived benefits of budgeting. That is, are these perceived benefits sufficient to warrant the cost of implementing an extensive budgeting process?
2.Budgeting usually begins with the sales forecast. Since this is a critical first step in the process, identify at least two factors that should be considered when preparing sales forecasts
Judd, Inc., owns 35% of Cosby Corporation. During the calendar year 2010, Cosby had net earnings of $300,000 and paid dividends of $30,000. Judd mistakenly recorded these transactions using the fair value method rather than the equity method of ac..
the controller of a small private college is complaining about the amount of work she is required to do at the
During the calendar year 2011, S Company earned $840,000 evenly throughout the year and declared a dividend of $300,000 on November 1. What is the amount needed to establish reciprocity under the cost method in the preparation of a consolidated wo..
On January 1, year 1, an entity acquires a new machine with an estimated useful life of 20 years for 100,000. The machine has an electrical motor that must be replaced every five years at an estimated cost of 20,000.
How does a parent company account for a subsidiary organization in the years that follow the creation of a business combination?
polk company builds custom fishing lures for sporting goods stores. in its first year of operations 2012 the company
Prepare a combined statement of income and comprehensive income for 2011, beginning with net income.
Would a traditional income statement differ depending on whether the business is a service organization, merchandiser, or manufacturer?
Ddescribe the possible "errors" or "frauds" that could occur because of the control weakness. You are to do this using the information provided in the case.
Please provide a flexible budget performance report for March. Please omit headings other than descriptive columnar headings.
Hope mistakenly accounted for the investment as available for sale instead of using the equity method. What effect would this error have on the investment account and net income, respectively, for 2011?
sue electronics makes cd players in three processes assembly programming and packaging. direct materials are added at
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd