Should budgets go through chain-of-command review

Assignment Help Financial Management
Reference no: EM131621927

Before a manager finalizes the budget presentation to be made to the company budget committee:

1. Should budgets go through a chain-of-command review with one or more reviews, with the budget being returned to the manager for correction or changes; or should managers just submit their budget and leave it to the higher-ups to make changes? Please provide reasons in your response.

2. Who should be giving the manager feedback on his/her budget and offering or directing revisions: the manager's supervisor or some "pencil neck" in Finance? Do you and your boss need to be on the same page? Why is this important or not?

Reference no: EM131621927

Questions Cloud

What is the effective cost of the commercial paper : What is the effective cost of the commercial paper, i.e., what rate can Joe Smith expect to pay to cover the shortfall?
Cost of the marginal investment in accounts receivable : What is the cost of the marginal investment in accounts receivable? What is the cost of the marginal bad debts?
Calculate the value of the firm shares in situations : A company paid a dividend of Dh. 15.00 per share. Calculate the value of the Firm shares in (i) and (ii) situations.
What is the dollar value of inventory held by the firm : Calculate the firm's operating cycle and cash conversion cycle. What is the dollar value of inventory held by the firm?
Should budgets go through chain-of-command review : Should budgets go through a chain-of-command review with one or more reviews,
Essay about the future of cryptocurrencies : An essay about the future of Cryptocurrencies
Compute net present value of life cycle cost of acquisition : Compute the net present value of the life cycle cost of acquisition and preventive maintenance of these special machines in FY00 dollars.
Describe the advantages and disadvantages to annuities : Describe the advantages and disadvantages to annuities (list/explain 2 of each)
What is the cost of the marginal bad debts : What is the cost of the marginal investment in accounts receivable? What is the cost of the marginal bad debts?

Reviews

Write a Review

Financial Management Questions & Answers

  Initial fixed asset investment and tax rate

Consider a four-year project with the following information: initial fixed asset investment = $550,000; straight-line depreciation to zero over the four-year life; zero salvage value; price = $26; variable costs = $18; fixed costs = $190,000; quantit..

  Capital sources required return rates common stock

Based on the information provided below, compute the Weighted Average Cost of Capital (CO 7). Acme International Capital Sources Required Return rates Common Stock and Retained Earnings $ 400,000 8% Preferred Stock $ 100,000 7% Corporate Bonds $ 300,..

  What is the standard deviation of the returns this stock

There is a 30% chance of a boom economy. What is the standard deviation of the returns this stock?

  What is the net present value of this investment

You are making a $35,000 investment and feel that a 10.6 percent rate of return is reasonable given the nature of the risks involved. You feel you will receive at least $8,000 in the first year, $27,000 in the second year, $32,000 in the third year, ..

  What is jakes weighted average cost of capital

What is Jake's weighted average cost of capital?

  Moves onto the property and begins to build new garage

Steve buys a house from Jim. There is no written contract. However, Steve pays the purchase price, moves onto the property, and begins to build a new garage. Jim seeks to evict Steve from the property stating that there was never a valid contract. Is..

  Issuing new common stock to raise investment funds

Issuing new common stock to raise investment funds is more expensive than using retained earnings as the funding source

  What would be total return of the bond in dollars

What would be the total return of the bond in dollars? What would be the total return of the bond in percent?

  Statements concerning the kiddie-tax rules

All the following statements concerning the “kiddie-tax” rules are correct EXCEPT:

  Mortgage interest rate they offer you on your credit rating

Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $184,000 home if you put 20% down and fin..

  What is the expected return on the portfolio

You own a portfolio that is 27 percent invested in Stock X, 42 percent in Stock Y, and 31 percent in Stock Z. The expected returns on these three stocks are 12 percent, 15 percent, and 17 percent, respectively. What is the expected return on the port..

  What is present value of the annuity

A 20-year annuity pays $1,900 per month, and payments are made at the end of each month. If the interest rate is 10 percent compounded monthly for the first seven years, and 9 percent compounded monthly thereafter, what is the present value of the an..

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