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A budget forecast demographic refers to the specific characteristics of a population segment that influence financial planning and budgeting. This can include factors such as age, income level, geographic location, and employment status. Understanding these Demographics helps organizations predict revenue, expenses, and resource allocation, enabling more accurate financial planning and decision-making. By analyzing these trends, businesses can tailor their strategies to better meet the needs of their target audience.
What else can I help you with?
Which is most appropriate to create analyze and forecast budget?
Spreadsheet
A plan for spending saving and earning?
Spending Goals. Before you decide where your money really must go, you need to determine your goals.
Demographic and socail trends in business?
tell me about some trends of demographic environment
How a company forecast demand for a new flavor of tea?
A company is selling a particular brand of tea and wishes to introduce a new flavor. How will the company forecast demand for it ?
Classification of budgets?
Master Budget The master budget is also known as The master budget is also known as the financial plan.. Master budgets form the basis of the control systems form the basis of the control systems in organizations. The master budget in organizations. The master budget may take the form of a profit and loss account and form of a profit and loss account and a balance sheet at the end of the a balance sheet at the end of the budget period. It shows the gross budget period. It shows the gross and the net profits and the important and the net profits and the important accounting ratios. Sometimes more accounting ratios.The master budget has two components: the operating has two components: the operating budget and the financial budget. The budget and the financial budget. The operating budget includes the sales operating budget includes the sales budget, cash collections from budget, cash collections from customers, purchases budget, customers, purchases budget, disbursements for purchases, disbursements for purchases, o p eratin g ex p ense bud g ets. operating expense budgets. . ‡FIXED BUDGET: Thisis defined as a budget which is designed to remain unchanged irrespective of the volume of output or turnover attained. This budget will, therefore, be useful only when the actual level of activity corresponds to the budgeted level of activity. 7  SALES BUDGET: Sales budget is the most important budget based on which all the other budgets are built up. This budget is a forecast of quantities and values of sales to be achieved in a budget period. ‡ PRODUCTION BUDGET: Production budget involves planning the level of production which in turn involves the answer to the following questions: a.What is to be produced? b.When is it to be produced? c.How is it to be produced? d.Where is it to be produced? ‡FLEXIBLE BUDGET: CIMA defines this budget as one ³ which, by recognizing the difference in behavior between fixed and variable costs in relation to fluctuations in output, turnover or other variable factors such as number of employees, is designed to change appropriately with such fluctuations´. ‡PERFORMANCE BUDGETING: These days budgets are established in such a way so that each item of expenditure is related to specific responsibility centre and is closely linked with the performance of that standard. ‡CAPITAL EXPENDITURE BUDGET: This is an important budget providing for acquisition of assetsnecessitated by the following factors: a. Replacement of existing assets. b. Purchase of additional assets to meet increased production c. Installation of improved type of machinery to reduce costs. ‡CASH BUDGET: This budget gives an estimate of the anticipated receipts and payments of cash during the budget period. Cash budget makes the provision for minimum cash balance to be maintained at all times. ‡PERSONNEL BUDGET: This budget gives an estimate of the requirements of direct labor essential to meet the production target. This budget may be classified into ± a.Labor requirement budget b.Labor recruitment budget ‡RESEARCH AND DEVELOPMENT BUDGET: This budget provides an estimate of expenditure to beincurred on R & D during the budget period. AR&D budget is prepared taking into consideration the research projects in hand and new R & D projects to be taken up. ‡ZERO BASE BUDGETING: The zero basebudgeting is not based on the incremental approach and previous figures are not adopted as the base. Zero is taken as the base and a budget is developed on the basis of likely activities for the future perio
How does a budget differ from a forecast?
Budget is more accurate than forecast. A budget can be had from historic data whereas forecast looks into the future trends.
Most difficult demographic variable to forecast?
brain drain
What is a forward looking statement?
A budget forecast.
What is The usual starting point for a master budget?
the sales forecast or sales budget.
How do you forecast budget in front office department in a hotel?
yes
Which type of software use to prepare a budget forecast?
A financial package or a spreadsheet.
Which is most appropriate to create analyze and forecast budget?
Spreadsheet
What is a plan for acquiring the resources needed to complete the manufacturing activities that will satisfy the organization's sales forecast a production budget?
production budget
What is the difference between cash budget and cash forecast?
Cash forecast is the estimate of the timing and amounts of cash inflows and outflows over a specific period (usually one year). A cash flow forecast shows if a firm needs to borrow, how much, when, and how it will repay the loan. Also called cash flow budget or cash flow projection.
Difference between budget and forecast with examples?
A forecast is a statement of the expected outcome of a given set of events. It follows then that a financial forecast is a statement of the expected outcome in financial terms of a given set of (assumed) events. A budget is a financial forecast based on a plan set by management. Thus, a business may prepare a budget that forecasts a revenue of, say, USD 10 million and a net income of USD 1 million, if all its strategies and actions happened as planned, and assumptions made (such as interest rate) occur. The budget is used by the management to control the business going forward. On the other hand, a financial forecast that is not a budget may be produced by the business for a different purpose, e.g. to provide a bank creditor with an idea of how the business will perform going forward. Such forecast can be varied depending on how optimistic or conservative the maker wants it to be. Thus, for the same business in the example above, a conservative forecast may be prepared for an investor that indicates a revenue of USD 9 million and a net income of USD 750,000.
What are the differences between SpongeBob SquarePants and The Simpsons?
The target demographic. The networks. The budget for each episode.
A plan for spending saving and earning?
Spending Goals. Before you decide where your money really must go, you need to determine your goals.
