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Elanso [62]
3 years ago
11

Consider your current company, or a company that you have formerly worked for, and describe and critique the budgeting processes

that are used for that organization. If you do not have relevant work experience, use the GCU Library to locate an article on budgeting or forecasting and compare the process recommended by the article to that of the textbook. Your initial post should be approximately 250 words. To participate in follow up discussion, ask questions and post comments regarding classmates' posts or respond to follow-up questions posted by the instructor.
Business
1 answer:
san4es73 [151]3 years ago
5 0

Answer:

I currently work for a company that provides services to other businesses (B2B), and we work on a yearly contract base. Since it's a B2B we don't have a lot of customers, they are only 11, but each customer is very important to us.

The sales process and contracts for the next year are usually finished by November and at that time we must prepare a cost budget. The main problem we are currently facing is that we use some imported goods and since many tariffs have been increasing, there is a lot of uncertainty about future prices.

When you import goods and use the FOB destination, the seller is responsible for delivering the goods up to a port of entry, but we are responsible for the paperwork and applicable tariffs. Since tariffs increase during a few months and then decrease, and then increase again depending on the president's mood, our budget has a large percentage of "just in case".

Besides that problem with imports, our company also signs yearly contracts with most of the employees depending on the number of contracts and workers needed. We are very good at estimating overhead expenses, since experience is a great teacher in our specific case.

If we didn't have the problem with uncontrollable external factors (tariffs), prior jobs help us to determine budgets that are usually quite exact, our variance (either + or -) is usually less than 3%.

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Fisher Inc. wants to bring radical change to the current skills that exist in the organization, so they are going to employ ____
dalvyx [7]

Fisher Inc. wants to bring about a radical change to the current skills that exist in the organization, so they will employ internal growth strategies.

<h3 /><h3>Change management</h3>

It is an approach that should be used when an organization decides to implement significant changes that will impact administrative routines and the work of employees.

The purpose of change management is to prepare and support employees to adapt to changes that will occur in the work environment, generating greater transparency, compliance and reducing resistance.

Therefore, it is essential that when defining internal growth strategies that generate changes, the organization analyzes, monitors and evaluates the changes so that the new processes occur successfully and generate benefits for the company.

Find out more information about growth strategies here:

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4 0
2 years ago
When a recession end,
stich3 [128]

a recession is usually 9 to 18 months

7 0
3 years ago
Beta Company expects to incur overhead costs of $20,000 per month and direct production costs of $125 per unit. The estimated pr
mina [271]

Answer:

$415

Explanation:

For computing the sales per unit first we have to determine the total sales value which is shown below:

Direct Production costs (1,000 units × $125)   $125,000

Fixed Overhead costs for the year = $20,000 × 12 months = $240,000

Total Costs for the year              $365,000

Gross Profit desired (1,000 units × $50)   $50,000

Total Sales Value desired = Costs + Profit $415,000

Now

Sales price per unit is

= $415,000 ÷ 1,000 units

= $415

This is the answer but the same is not provided

4 0
3 years ago
A ________ refers to a line of credit that is guaranteed by the bank
denis-greek [22]

revolving credit agreement

5 0
3 years ago
Which statement is false about liquidity?
BARSIC [14]

Answer:

Option D. Both A and B

Explanation:

The reason is that the investment that are readily convertible to cash are less risk and as a result the investors are compensated with lower returns and vice versa. So the only statement that is not false statement is option C and the statement A and B are False.

8 0
3 years ago
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