Why the budget numbers are being missed is equally important

Assignment Help Other Subject
Reference no: EM131826200

Assignment

Having a budget is critical for the financial stability of an organization. Keeping track of how well the organization is actually adhering to the budget, and subsequent identification of why the budget numbers are being missed is equally important. Without this critical "why" piece, it is difficult to make the necessary adjustments to the budget or to organizational behavior that might be promoting overspending.

A good budget is built with thoughtful consideration of future costs and revenue. Though your budget is formulated with expected figures in mind, the actual resulting values may vary considerably. This variance-from projected to actual-can be a pleasant surprise or a fiscal nightmare and can make financial decision making difficult. Fortunately, variance analysis can enable management to determine why variance occurred and what can be done to mitigate its effects.

Formula need to be shown with correct anwers

• Use the Excel spreadsheet template for the Week 8 assignment
• Show all your calculations and formulas in the spreadsheet.
• Answer any questions included with the problems (as text in the Excel spreadsheet).

Reference no: EM131826200

Questions Cloud

Find the number of boards sold : Explain why or why not. If you have enough information, find the number of boards sold by each retailer.
What is the average population? density : The land area of a country is about 4.5 million square? miles, and the population is about 500million people. What is the average population? density?
What are the reasons for the given trend : What are the reasons for this trend? Discuss what you can do as a nurse to support your clients in end-of-life care and in supporting their desires.
What is ingall and wilder net income per share of stock : At year end, the market price of Ingall's stock was $101 per share, What is Ingall's and Wilder's net income per share of stock
Why the budget numbers are being missed is equally important : Having a budget is critical for the financial stability of an organization. Why the budget numbers are being missed is equally important.
Compound interest produces exponential growth : Compound interest produces exponential growth because an interest-bearing account grows by the same percentage each year.
Record each transaction in july : Tony and Suzie graduate from college in May 2012 and begin developing their new business. Record each transaction in July
Domain of function : The domain of each function is the set of all integers. The codomain of each function is also the set of all integers.
How many different sums of money can you make : How many different sums of money can you make? You may or may not use a particular coin or bill. Do not count the zero dollar amount.

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

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