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Finance
How data is applied to budgeting and forecasting processes?
Finance
The business Challenger Co. is expanding. The marketing manager advises the junior accountant that a new sales region will double the revenue assumption and that there are no foreseeable expenditures.
Q1)What is unusual about the related expense assumption for Challenger’s expansion? (50–80 words)
Q1)What is unusual about the related expense assumption for Challenger’s expansion? (50–80 words)
Finance
5 items of these that are relevant to budgeting and forecasting
Finance
make a line graph and describe in 50–80 words its features.
Apollo
Total Expenditure Budget Summary
20XX
September
December
March
June
Expenses
20,000
40,000
33,000
15,000
Apollo
Total Expenditure Budget Summary
20XX
September
December
March
June
Expenses
20,000
40,000
33,000
15,000
Finance
B)How is internal competition between projects/ departments competing for funding allocated and what role does the budgeted statement of financial performance play?
A)Build the projected revenue budget for the six months ending in December.
Apollo cash receipts
1.5.20XX–30.9.20XX
May
June
July
August
Sept.
Oct.
Nov.
Dec.
3,000
5,000
7,000
5,000
5,000
4,500
3,000
3,000
Note:
Cash receipts are shown. Credit revenues are twice that of cash each month. Credit sales were 3,000 in March and 5,000 in April. Credit terms are 50% by end of the month; 35% by end of the next month balance by end of third month.
A)Build the projected revenue budget for the six months ending in December.
Apollo cash receipts
1.5.20XX–30.9.20XX
May
June
July
August
Sept.
Oct.
Nov.
Dec.
3,000
5,000
7,000
5,000
5,000
4,500
3,000
3,000
Note:
Cash receipts are shown. Credit revenues are twice that of cash each month. Credit sales were 3,000 in March and 5,000 in April. Credit terms are 50% by end of the month; 35% by end of the next month balance by end of third month.
Finance
The CEO is trying to manage the level of motor vehicle costs which are putting pressure on the business. You have completed next year’s master budget including motor vehicle expenses.
What management controls would you suggest in your notes accompanying the master budget for approval?
The CEO has asked for your input into establishing budget timelines. Briefly explain how you can use the concept of a budget calendar in describing reporting timelines to reply to the CEO.?
What management controls would you suggest in your notes accompanying the master budget for approval?
The CEO has asked for your input into establishing budget timelines. Briefly explain how you can use the concept of a budget calendar in describing reporting timelines to reply to the CEO.?
Finance
Explain the differences between cash, revenue and expenditure. Provide an example of each category and which budget/s it is relevant to preparing.
Finance
The amount of raw materials to be purchased is finalised including an accurate assumption from the production manager. Where else would you search for source documentation and what steps does it require to assemble a report about the behaviour of the budget especially the expected cost of raw materials?
Finance
How does:
Revenue forecasting affect the rest of the budget process?
What are the limitations of revenue forecasting technique?
There are several managers—including sales, production and transport—in the company where you work who each understand the company’s budget objectives. As the head accountant you have been given last year’s master budget and told to use all sources of information in assembling objectives and assumptions for the next year’s expense budgets.
Revenue forecasting affect the rest of the budget process?
What are the limitations of revenue forecasting technique?
There are several managers—including sales, production and transport—in the company where you work who each understand the company’s budget objectives. As the head accountant you have been given last year’s master budget and told to use all sources of information in assembling objectives and assumptions for the next year’s expense budgets.
Finance
Explain what is meant by expenditure and revenue and identify five items relevant to budgeting and forecasting activities
