Use an example to explain how a budget could be used to allocate resources in a university.

Q: Discuss some of the major benefits to be gained from budgeting.

A: Budget:   A budget is a statement of estimated revenues and expenditures for a specific period of…

Q: Discuss the significance of public sector budgets from the perspective of a government agency ..in…

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: Which provides the most benefit to an organization, a budget or the budgeting process? Why?

A: Budget: A budget is a systematic allocation of resources to different departments depending on the…

Q: Which budget evaluates the results of operations at the actual level of activity?   A) capital…

A: In a flexible budget, the actual level of activity is compared with the budgeted.

Q: How is budget achieved in transportation.

A: Preparation and achieving the target of the prescribed budget is differentiated for the different…

Q: What motivates PFG to install a budgeting and planning system?

A: Planning and Budgeting is an analytical application that helps to set top-down targets and generate…

Q: In fiscal management of an LRTC: Why should we justify the budget? How can we develop cost-effective…

A: As per our protocol we provide solution to the one question only but as you have asked multiple…

Q: Discuss the uses and advantages of budget.

A: A budget is a financial projection of a company's anticipated earnings and expenses. A budget, on…

Q: Help me explain in tagalog or english A budget plan is essential to the realization of the plans of…

A: Budget Plan Budget plan is important to the organisation to estimate the total expenditure and…

Q: Give three examples of how the City of Boston could use a budget for planning purposes.

A:

Q: According to institute of Cost and Management Accountants (ICMA) a budget is a plan, quantified in…

A: Budgets are quantitative plans which are used for allocation of resources, comparing and controlling…

Q: What are possible allocation bases that might be used to allocate costs in a library function to…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: master budget include

A: Master budget is a set of budgets of various activities in an entity.

Q: Determine the budget for the department assuming that it uses flexible budgeting.

A: Direct labor cost per hour of production = Budgeted direct labor cost/ Budgeted production hours =…

Q: What steps should be considered if a budget is to be set and later have its results evaluated? What…

A: The budget refers to an estimate made for all possible income and expenses, based on past records…

Q: Explain why budgets are useful and how management philosophy can influence the budget process.

A: Budget is the estimated data which is prepared or estimated in advance, in simple terms before…

Q: Construct a material usage and purchases budget of the Bara Enterprise.

A: A material usage and purchases budget is a statement of estimation of a material required to produce…

Q: Which type of budget is the forecasting of how much should be spent on large items such as…

A: A budget  is the  estimate  made over a future  selected period of time

Q: Identify Activity Bases For a major university, select the activity base most appropriate for each…

A: Activity based costing: It includes the cost driver for each activity of the organisation like…

Q: measures will you provide to

A: To have quality recruits, a pool of candidates must be generated to allow for good selection…

Q: _________budget evaluates the results of operations at the actual level of activity

A: The Answer

Q: manager

A: What Is a cash Budget?A cash budget is Associate in Nursing estimation of the money flows of a…

Q: Does a budget provide guidlines of the application of the organisaion`s resources?

A: Budgeting is critical for any business because it allows income and expenses to be matched. It makes…

Q: Discuss how are budgets used to help organizations plan for future and how are budgets used for…

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: Identify the areas in an academic institutions contingency planning that might differ from those of…

A: A Contingency Planning (CP) is a course of action planned to support an organization to respond…

Q: 1. ACCOUNTING FOR COLLEGES AND UNIVERSITIES • What Unique Issues do Colleges and Universities Face?…

A: Since you have asked multiple questions, we will solve the first question for you. if you want any…

Q: Explain the specific roles of planning, motivation, communication, evaluation and control in a…

A: Budgetary control is an exercise undertaken by the organization/entity to ensure that the period…

Q: Write a detailed report covering the following topics: 1. ACCOUNTING FOR COLLEGES AND UNIVERSITIES…

A: ----> Most of the colleges are classified as non-profit organization. Accounting for non-profit…

Q: Why should each department participate in preparing its own budget?

A: In Accounting, Budget refers to a statement prepared on the basis of future plans and goals for a…

Q: A very important role of the cash budget is to   Determine how to finance dividend payments Plan…

A: Cash budget - Cash budget helps the business in managing its cash flows. it also helps in planning…

Q: If the land is owned, should a land charge be included on an enterprise budget? Why?

A: Enterprise Budgeting:- This budget helps in estimating the revenue and expenses of the enterprise…

Q: please help with this genernal and admin expense budget

A: Introduction: A budget is an estimation of items of income and cost for the coming periods. Budget…

Q: Describe the role of a budget director.

A:

Q: Explain the components of master budget.

A: Master Budget:   A master budget is defined as an aggregation of all the lower-level budgets that…

Q: Explain the methods for setting the promotion budget and factors that affect the design of the…

A: The factors which affect promotion constitute a variety. They can either be product related ,…

Q: geting can be adopted by a local ba

A: Activity Based Budgeting is the process of making a budget in which all the costs are as per the…

Q: Is accrual-based budgeting preferable to cash-based budgeting? The Disability Research Institute…

A: Budgeting seems to be the practice of creating, executing, and managing budgets This is the…

Q: Give one example of a plausible activity base to use in flexible budgeting for each of the following…

A: Definition: Variance Analysis: Variance analysis is the process of evaluating the differences…

Q: Describethe best practices you would implement when budgeting for an organization.

A: Budgeting is the management regular process in an organization to determine the future outcomes, and…

Q: Under what conditions would you recommend using each of these funding methods to pay for information…

A: Funding is referred as an act of providing the resources for financing the requirement, projects, or…

Q: Meaning of budget? Meaning and the sample budget for the following budgets: sales budget,…

A:

Q: please help with this budgeted income statement

A: Income Statement The purpose of preparing the income statement is to know the net income which are…

Q: Make a CGS budget with the information available.

A: Introduction Cost of goods sold budget (CGS)  Cost of goods sold budget is essentially the part of…

Income Statement

Income Statement also commonly called a profit and loss statement, one of the key financial statements (considered together with balance sheet and cash flow statement) which shows the revenues and expenses, as well as the gains and losses of a company for a given period. In other words, it presents the financial performance/profitability of a business over a specified accounting period.