What types of budget variances do you track and manage

Assignment Help Finance Basics
Reference no: EM131423165

Finance

When Interview questions to ask Optical shop manager and ask the following questions, then reply to the discussion with what you found out:

What types of budget variances do you track and manage?

What tools do you use to identify and analyze the variance?

Do you need to explain the variances and define a way to get back to budget? If so, how often must you do that?

Do you use a specific format for your explanation? If so, what is that format?

Reference no: EM131423165

Questions Cloud

Education and income : Suppose P(A) = 0.138, P(B) = 0.261, and the probability that a household is both prosperous and educated is P(A and B) = 0.082. What is the probability P(A or B) that the household selected is either prosperous or educated?
Describe the five phases of supply management : Explain the dynamics of motives, needs and goals, and how they shape consumer behavior. Describe the five phases of supply management. What metaphors can you propose that describe women’s organizational leadership experience? Explain how consumers or..
Write a comparison of the two agencies : write a comparison of the two agencies' field training programs. What are the significant differences regarding the size of the department and the focus of community oriented policing? What changes, in terms of increasing the size of the departmen..
What is the conditional probability : In the setting of the previous exercise, what is the conditional probability that a household is prosperous given that it is educated? Explain why your result shows that events A and B are not independent.
What types of budget variances do you track and manage : What types of budget variances do you track and manage? What tools do you use to identify and analyze the variance? Do you need to explain the variances and define a way to get back to budget? If so, how often must you do that?
Which type of theatre would you prefer to design for : Choose 2 of the following to answer:If you were an actor, which type of theatre would you prefer to perform on? Why?If you were a director, which type of theatre would you prefer to stage a play on? Why? If you were a set designer, which type of ..
Best fits irobots approach to product development : iRobot was started just over 20 years in an effort to bring robots out of the lab and into the real world. They are most known for the iRobot Roomba vacuum cleaning robot. Which of the basis of product differentiation discussed in your text do you th..
Shows the relation between the events a and b : Suppose P(A) = 0.138, P(B) = 0.261, and the probability that a household is both prosperous and educated is P(A and B) = 0.082. What is the probability P(A or B) that the household selected is either prosperous or educated?
Determine the time required to turn the taper : A tapered surface is to be turned on an automatic lathe. The workpiece is 750 mm long with minimum and maximum diameters of 100 mm and 200 mm at opposite ends.

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the firms current value of operations

Zhdanov Inc. forecasts that its free cash flow in the next two years will be, Year FCF t=1 -$10 million t=2 $20 million After Year 2, FCF is expected to grow at a constant rate of 4% forever.

  A corporate bond offers you 68 percent while a tax-exempt

you are in the 28 percent federal income tax bracket. a corporate bond offers you 6.8 percent while a tax-exempt bond

  Provide criteria for evaluating information technology

Give specific examples of some of the learning outcomes of the course that were reflected. For example, did the organization improve patient safety or provide criteria for evaluating information technology applications?

  Management accounting case-cayuga cookies inc

Determine how capital budgeting is used in long-term financial decisions.

  Compute the indifference point level of ebit between the

jenkins products has a current capital structure that consists of 50 million in long-term debt at an interest rate of

  Outstanding and its stock is trading

Nielson expects to generate net income of $20 million over the next year. Currently Nielson has 8 million shares outstanding and its stock is trading at $20.00 per share. Nielson's EPS is closest to __________.

  What will be its dividend payout ratio

If net income next year is $1.8 million and Perkin follows a residual distribution policy with all distributions as dividends, what will be its dividend payout ratio? Round your answer to two decimal places.

  Accounting for merger-acquisition using fair value method

A company which gets or merges with another company is now needed to account for that merger/acquisition using Fair Value Method.

  The bear rug has sales of 822500 the cost of goods sold is

the bear rug has sales of 822500. the cost of goods sold is equal to 63 percent of sales. the beginning accounts

  Problem regarding the tma template

Nakami has been profitable in FY 2015 and the Board is planning to declare dividends to its shareholders. They intend to declare a cash dividend of $2 million at the forthcoming annual general meeting. However, the Board is unsure whether this is ..

  Cash flows

Is is typical for Jane to plan, monitor, an assess her financial position using cash flows over a given period, typically a month. Jane has a savings account, and her bank loans money at 6 percent per year while it offers short-term investment ..

  Explain what it means for a firm to have a current ratio

explain what it means for a firm to have a current ratio equal to 0.50. would the firm be better off if the current

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