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Budgeting and Forecasting
Budgeting and forecasting are business processes essential to a company’s operations. Budgeting involves planning for revenues and expenses. Forecasting is a method of predicting trends based on historical and current events.
1,416 Questions
What happens when a capital expenditure is treated as a revenue expenditure?
Expenses are overstated and assets are overstated
Disadvantage of a cash flow forecast?
well, businesses would rely on this too much, therefore they might be errors in the fugures which would lead to misleading facts and the business will go downhill
no you may need to change it as your needs change
If you have actual how do you get flexible budget?
Flexible budgets are prepared for different capacity levels like normal capacity, optimistic capacity and pesimistic capacity based on actual budgets.
Relationship between budgets and standard costing?
they both involve the determination of future costs
What is the similarity and difference between the cash budget and long term financial planning?
what is the difference and similarity between cash budget and long term financial planning
I need some advice. Can you help?
I Have $370 and I want to buy a dsi XL which cost $300 but I'm going to Italy in June and I also want to spend money there and I don't know what to do. Also if I clean my dads shop each week ( haven't started yet) I get $20. Please help
Try thinking about it this way. Firstly how badly do you want each. Can you forgo the DSI or spending money in Italy?
If you want both then how much do you need for spending money in Italy?
Let us suppose you want $300 to spend in Italy and the DSI. That means you need a total of $600.
You need another $230. Depending on when you are going on your trip you have about 8 weeks. That amounts to $160 giving a total of $530. Still a little short. It also does not take into account you may not be able to clean the shop sometimes.
Try to find other ways to earn some money and explain it it to your parents an others you know. They may have some odd jobs you can do which will help you towards your goal.
You have done well to think about this now it gives you time to plan and earn extra.
Even if you do not reach your goal you still may be able to have both if you spend less in Italy.
Product cost cross subsidization can result in?
At least one miscosted product causes other products to be miscosted in the organization.
What is the difference between capital and operating budgets?
operating budget pays for day-to-day expenses, like salaries of a state employee and capital budget pays for major capital, or investment, spending, like building a bridge the money comes from there.
What are examples of fixed and variable cost in shopping center?
Some fixed costs of running a shopping center would be rent, employee salary (if not commission based), utilities (if you maintain consistent hours of operation). Some variable costs would be Cost of goods sold, commissions, and perhaps shipping costs.
Fashion forecasters look at what other designers are doing, and what people on the streets are wearing.
Is Negative Working Capital good or bad?
Negative working capital is good if the following conditions are satisfied :
1.Payment of all short term liabilities on time
2.Good sales and profit margin
If the above two conditions are fulfilled, the working capital is funded by cash profits generated from normal operating cycle and there is no strain on payment of liabilities.
Production budget are used to prepare which budget?
production budgets are used to prepare which of the following budgets
What are the Factors that influence location of a business?
Following link will help:
http://entrepreneurs.about.com/od/gettingstarted/a/chooselocation.htm
replacement cost
