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

Valuing semi-annual cash flows, In all previous illustrations, we ass...

In all previous illustrations, we assumed that coupon payments are paid on annual basis. However, most of the bonds carry interest payment semi-annually. Semi-ann

Mid term quiz, iau.la/im/fin500.pdf need help with 100 questions with multi...

iau.la/im/fin500.pdf need help with 100 questions with multiple answers quiz!

Give brief introduction to financial management, Introduction to Financial ...

Introduction to Financial Management Companies don't work in a vacuum, isolated from everything else. It transacts andinteracts with the other entities present in economic envi

Which currency has used in an international acquisition, Which currency has...

Which currency has to be used in an international acquisition in order to calculate the flows? It can be completed in the local currency or in the currency of the parent compan

Explain the dividends and interest payments, Dividends and interest payment...

Dividends and interest payments Payment  of  dividends  and  interest  can  either  be  demonstrated under financing activities or  under operating activities. Sum of the 3

Characteristics - nature of financial management, Characteristics - Nature ...

Characteristics - Nature of Financial Management: 1) Financial Planning and Control: Finance is a base for all the business activities. Business Activities should be not on

Explain the term- interest cover, Explain the term- Interest cover Int...

Explain the term- Interest cover Interest cover =Profit before interest and tax (PBIT)/ Interest payable(no. of times) Interest cover represents the safety of earnings tha

Explain the term present value of the firm''s operations, Explain the term ...

Explain the term "present value of the firm's operations" (also known as Enterprise Value ).  What does this number represent? The present value of the company's free cash flo

Define leveraged buyout, What is an LBO?  What are the risks for the equity...

What is an LBO?  What are the risks for the equity investors and what are the potential rewards? A term leveraged buyout is a purchase of a publicly owned corporation through a s

What is purchasing power risk, Q. What is Purchasing Power Risk? Variat...

Q. What is Purchasing Power Risk? Variations in the returns are caused also by the loss of purchasing power of currency. Inflation is the reason behind the loss of purchasing p

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