Question
Each year in your role as a manager, you are asked to provide input for your company's budget. You just received a memo from your
Each year in your role as a manager, you are asked to provide input for your company's budget. You just received a memo from your supervisor asking you to prepare a plan to update the following items:
Equipment
Software
Furniture
Supplies
The new items should enhance the effectiveness and productivity within the company. You know that your supervisor loves it when the company increases profits and decreases expenses.
You have been given a target budget of $25,000.
Your company requires that you get quotes from at least two vendors for any item that costs more than $500.
TASK:
Prepare a list of the equipment, software, furniture, and supplies you think the company needs to be successful in the coming years.
- Review catalogs, advertisements, the Internet, or other sources to identify vendors and prices for each item.
- Prepare a proposed budget for your supervisor. Attach vendor, price, and description of the quality of the items you selected.
- Provide justifications for the items you selected and explain how your budget will help the company be successful.
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