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How is a family budget an exercise in managing scarcitywhat role dose income play?
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What is the difference between a budget and account?
A budget is how much money you have to spend on certain items. For example a family person can say I am not going to spend over $40 on groceries this month. If the head of household went over $40, then he/she went over their budget. An account is how much money you have in a bank to pay bills.
What is the meaning of food budget?
There are sexual factors to consider in planing meals for the family and for special occasions.they are food budget , facilities , and equipmentneed in the preparation of food time and energy available to do the work , wha the guests like and goals in preparing meals..
Explain the purpose and nature of budgeting process?
3.1 Purpose and nature of budgeting process adoptedBudget is a monetary plan of a department, project, or organization that estimates probable income and expenditure of a specific period. From government, large corporation to small company, family or individual prepare budget. Purpose of budget:Estimating future income, expenditure and obviously profitabilityProviding a financial framework to managers for decision makingAnother purpose of budgeting is to help managers to compare the estimated output with actual performanceNature of budgeting process adopted in the case:Estimated the financial environment on the basis of last budgetDetermined the probable amount of cash will be generated from sales or other activitiesDefined the required expenditure such as raw materials,labors, production overheads and advertisements.Then subtracting estimated expenses from estimated revenues. Whether the budget is surplus or deficit is determined.After review and revised then final budget is submitted.After the budget period ending, then estimated results are compared with actual result. Actually budgeting process may be differs from budget to budget, company to company.
Should the A G Refrigerators sales budget be lower higher or equal to the sales forecast and why?
If you have a stable market in which you operate, then you could forecast for the sales. Normally sales budget should not exceed the sales forecast. Exceeding the sales budget over the forecasted sales can help the firm invest more capital in marketing and promotions. The Sales forecast would be beneficial for the production department.
What family deployability checklist will prompt you to make sure that you make arrangements for preparation of your family's tax return?
A family's finance deployability checklist will prompt you to make arrangements for your family's tax return.
What was the Production Budget for DysFunkTional Family?
The Production Budget for The Family was $30,000,000.
What is family budget?
it is a family
What was the Production Budget for The Addams Family?
The Production Budget for The Addams Family was $30,000,000.
What was the Production Budget for The Family Man?
The Production Budget for The Family Man was $60,000,000.
What was the Production Budget for The Family Stone?
The Production Budget for The Family Stone was $18,000,000.
What was the Production Budget for The Perez Family?
The Production Budget for The Perez Family was $11,000,000.
What values does a budget have for a family planning it's financial affairs?
what values does a budget have for a family
What was the Production Budget for Johnson Family Vacation?
The Production Budget for Johnson Family Vacation was $12,000,000.
What was the Production Budget for Madea's Family Reunion?
The Production Budget for Madea's Family Reunion was $10,000,000.
What is misappropriation of family food budget?
misappropriation of family food budget is the unauthorized use of food likeness, or wastage of food, bad quality of preparation of family food budget resulting to harm and poor diet .
What is the best way to budget your family to save money?
A family budget will vary from family to family. The best recommendation is to speak with a financial planner at your local bank or financial institution - there is no easy answer.
What are the different components of a family budget?
A family budget generally reflects the family's income as well as the family's fixed and variable expenses. The fixed expenses will include food, rent and transportation costs.
