Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Discussion post # 1 . . . I don't have a lot of experience with budgeting, but what i have been doing for the last

Discussion post #1...I don't have a lot of experience with budgeting, but what i have been doing for the last past 4 months is budget per paycheck. I do take it one step further because my paychecks can be different every time. I use the paychecks I receive for one month and use that money for the following month... so I am 1 month ahead. Budgeting is very visual for me and if I use the money I make currently for next months bills, I can plan much better knowing EXACTLY how much I have to work with instead of waiting till I get paid. It's been working great for me...
How would you go develop and implement budgets? I would start by understanding the goals and objectives of my business. Also, i would Collect my bank statements, pay stubs, and receipts for the past few months. This will give a good idea of my income and expenses. Discussion post #2...How will you start to budget for the upcoming year?
In my first act as the Plant's newly appointed general manager , I would thoroughly examine all aspects of the plant's financial status, including revenue ,costs and possible areas for development .After that, I would set definite financial targets for the following year and make sure they were in line with the organization's overarching aims.
What aspects of the business are important to you?
The aspects of the business are important to is meeting customer needs, providing high-quality products and services, and building strong customer relationships. Answer this question ONLY>>>Give a summary of what you learned from these discussion post's ?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management And Organisational Behaviour

Authors: Laurie Mullins

7th Edition

9780273688761

Students also viewed these Accounting questions