Question
Like the direction says, just choose one of the three options and answer it please. Thank you Budgets: You may choose to answer option A,
Like the direction says, just choose one of the three options and answer it please. Thank you
Budgets: You may choose to answer option A, B, or C; please indicate your choice in the subject line.
In addition, please respond in a professional manner to another student. As part of your learning process, please read the posts of previous students. It is important that you take a position in your answer, do not agree or re-post information from another student. Each post needs to be unique, similar posts do not warrant full credit. Always include your sources. I am not asking for opinions.
Option A: Conduct a web search using the word "Budgeting". You should find a variety of websites with information in preparing a personal budget. Please provide YOUR plan to develop a personal budget.
Option B: Roo Manufacturing has hired a new controller, Dan Elfman. During his first week on the new job, Dan was asked to establish a budget for operating expenses in 2016. Since Dan was not yet familiar with the operations of Roo Mfg., he decided to use the prior year's expenses as a benchmark for the next year's budget. Dan then added 4.3% to the expenses; this percentage was based off inflation as measured by the consumer price index. Comment on the effectiveness of Dan's budgeting strategy.
Option C: Conduct a web search for the topic 'saving for your retirement'. Similar to budgeting, you should find a variety of websites with information concerning how to save for retirement. Please provide three strategies to develop YOUR plan for retirement.
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