What are the important considerations in the capital budgeting process?
1. Search and discovery of investment opportunities
2. Collection of data
3. Evaluation of alternatives and decision making
4. Plan implementation
5. Ongoing reevaluation and adjustment
How does title 9 affect schools athletic budgets?
Title IX mandates that schools provide equal opportunities for both male and female athletes, which often requires schools to allocate funding more equitably across sports programs. This can lead to increased budgets for women's sports, ensuring they receive similar resources for facilities, coaching, and scholarships as men's sports. Consequently, schools may need to reassess their overall athletic budgets to comply with Title IX, potentially redistributing funds or increasing total spending on athletics. Ultimately, this legislation promotes fairness in school sports and enhances opportunities for female athletes.
Independent projects are those which are not related or dependent on any other projects while in mutually exclusive projects if one project is selected other project automatically discards
How do you calculate percentage of budget if have budget and spent?
to workout the effective relationship its budget/spend*100 = %. Where the % is 100 or less this means you are at or under budget (on budget is the target aimed for) where the % is greater than 100 you are spend is OVER budget.
Who makes more doctor or fashion designer?
Depends. If you are a fashion designer who is known, such as Coco Chanel, you will most likely make more than a doctor. On average, doctors have a base salary around $90,000, and if they are a specialist, such as a gynecologist, they will in turn start higher and possibly reach the $500,000 mark.
What happen when revenues exceed expenditures?
Providing nothing has been overlooked, you make a profit but don't forget to allow for tax to be paid on your profits. The amount of profit has to be considered to ensure you are masking a sufficient return for your capital and efforts. Is the rate of return better than you could have achieved by investing the money somewhere else for instance?
What factors should management consider when determining the amount of investment in materials?
Management should consider factors such as demand forecasts to ensure sufficient inventory levels, cost fluctuations of raw materials, and supplier reliability to avoid disruptions. Additionally, they should evaluate production capacity and lead times to align material investments with operational efficiency. Finally, cash flow and budget constraints play a crucial role in determining the feasible level of investment.
How a budget can be controlled?
Regular monitoring against the agreed budget, compliant to the spending and income streams and reviews of under performance
Need mission statement for the church budget committee?
The easiest and most appropriate way to create a mission statement is to gather the committee together and simply ask then what exactly is it that their seek to do, what would be the expected outcome. If its to create an environment where the church and its congregation are informed in a transparent manner about all aspects of the financial management of the church and to seek the very best budgeting protocols to ensure the effective operation of the church and its services to the community and parishioners . Then this is what you say. It should be a simple four or five line statement of what you seek to achieve.
Why it is important to prepare a cash-flow forecast?
To understand where the finance is coming from - where its going and to ensure that you no not have a point where you having zero or even a minus in the Bank and large debts coming in. Cash flow monitoring is vital when there is for instance a recession. This is when many companies will not have enough cash available to purchase the good to make the products they want to sell because a customer still has to pay for what they have.
What are the benefits of cash flow forecast?
A forecast for in/output of cash is vital to any business. It will allow the management to determine time when income and outgoing will peak and trough. It will also allow greater control over expected flow in and out and inform the business plan more accurately. It also serves to bring down the risk factor of negative cash flow which will impact on the purchase demands and fixed costings of the business which will be required to maintain a buoyant company
What is the format for capital expenditure budget?
The format for capital expenditure budget is to list all the expenditure with their estimates. The cost of capital assets and expenditure must be provided.
What does the term the term so moved mean in a business meeting?
The phrase "So Moved"! - is a common statement that means nothing. A member of the assembly must state the actual motion so as to avoid confusion in the assembly. Everyone has the right to know exactly what is being moved and discussed. The phrase "So moved!" is vague and pointless and should never be allowed in a formal meeting. Always state your motion clearly to the Chair.