Example of a budget, Financial Management

Assignment Help:

Group Activity

An example of a budget can be seen below. After viewing the budget, identify the possible reasons for the variations.

Budget - Jul / Dec 200X

Item Description

Jul

Aug

Sep

Oct

Nov

Dec

Total

Revenue

 

 

 

 

 

 

 

Sales Commission

22,000

26,000

50,000

55,000

45,000

35,000

233,000

Property Management

8,000

9,000

9,000

9,000

10,000

10,000

55,000

Total Revenue

30,000

35,000

59,000

64,000

55,000

45,000

288,000

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

Rent

4,500

4,500

4,500

4,500

4,500

4,500

27,000

Utilities

800

800

800

800

800

800

4,800

Salaries

22,000

22,000

22,000

22,000

22,000

22,000

132,000

Printing

300

300

300

300

300

300

1,800

Advertising

1,000

1,000

1,500

2,000

1,500

1,500

8,500

Professional Fees

4,000

0

0

1,000

0

0

5,000

Interest on Borrowings

1,000

1,000

1,000

1,000

1,000

1,000

6,000

Total Expenses

34,100

30,100

30,600

32,100

30,600

32,100

185,100


Related Discussions:- Example of a budget

Debt and payment, Jane has agreed to sell her Porshe 911 Cabriolet worth RM...

Jane has agreed to sell her Porshe 911 Cabriolet worth RM1.3 million to Lim for the price of RM 500,000. The decision was made rather hastily as Jane need money to pay her creditor

Explain life insurance in detail, Question 1 Insurance is protection again...

Question 1 Insurance is protection against possible financial loss. Explain life insurance in detail Question 2 Mutual funds are a composite of stocks, bonds, and securities,

Financial system, Financial System: The economic development of a natio...

Financial System: The economic development of a nation is reflected by the progress of the various economic units, broadly classified into corporate sector, government and hous

Financial and economics evaluation, An offer given by charitable trust to d...

An offer given by charitable trust to develop and build a facility on a 10000 sqmt of plot in a prime locality of pune where 5000 sqmt of area will be used by the trust for housing

Formation of board of amc and restrictions on directors, Formation of Board...

Formation of Board of AMC and Restrictions on Directors Having regard to the significant role of the Board of Directors of the AMC in rendering the company's operations efficie

Share price, what course a decrease and increase in share price

what course a decrease and increase in share price

Budgeting, Budgeting: All business owners should recognise and understa...

Budgeting: All business owners should recognise and understand the importance of preparing and maintaining a financial budget for their business. Budgets are an essential fi

Shareholders'' wealth maximization, Shareholders' wealth maximization S...

Shareholders' wealth maximization Shareholders' wealth maximization refers to maximization of the net present value of every decision made in the firm. Total present value is e

What do you mean by a hedge fund, Q. What do you mean by a Hedge Fund? ...

Q. What do you mean by a Hedge Fund? A Hedge Fund is a fund established by one or else several partners with net worth of at least $1 million (although this maybe falling). It

Fm, challenges that the finance manager face in fulfilling the managerial f...

challenges that the finance manager face in fulfilling the managerial function

Write Your Message!

Captcha
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