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

Determine the example of future value of an annuity, Determine the example ...

Determine the example of Future Value of an Annuity An annual payment of 7000 $ is invested at 5% per annum compounded yearly. What will be the amount after 20 years? Solut

What are the financing and investing decision, What are the Financing and i...

What are the Financing and investing decision Financing and investing decisions are closely related as the company is going toraise money to invest in a project or assets. Thos

Explain briefly the term e-billing, QUESTION (a) Describe briefly three...

QUESTION (a) Describe briefly three methods of electronic payment. (b) (i) Explain briefly the term E-Billing. (ii) Outline three advantages of E-Billing. (c) Why is c

Explain the various types of l/c, Question 1 Describe briefly the various ...

Question 1 Describe briefly the various terms of payment available to an exporter and importer. Explain any one method in detail Question 2 A documentary letter of credit is

Cash flow analysis, Cash flow analysis helps an analyst to identify ...

Cash flow analysis helps an analyst to identify certain financial difficulties which cannot be identified using the above ratios.  A firm may be shown

Securities, Calculate the expected rate of return and risk of return

Calculate the expected rate of return and risk of return

Define variants of basic interest rate and currency swaps, Briefly discuss ...

Briefly discuss some variants of the basic interest rate and currency swaps. Answer:  In place of the basic fixed-for-floating interest rate swap, there are as well zero-coupo

Assigenment, a choice is to be made between the two completing proposal wh...

a choice is to be made between the two completing proposal which require an equal investment of Rs.50000.00 and we are expected t gererate net cash flow as under. Year Project A

Define trustworthy collateral from the lenders perspective, What is trustwo...

What is trustworthy collateral from the lenders' perspective?  Explain whether accounts receivable and inventory are trustworthy collateral. Assets which are readily marketable

Preparing financial statements using accrual basis, Question: On a pilo...

Question: On a pilot basis a Government Department, PPO, is preparing its financial statements using accrual basis. The following information is provided: The following bala

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