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Please let me know if this is possible for you to do! if not then i will look for help elsewhere. thanks in advance! Analyze
Please let me know if this is possible for you to do! if not then i will look for help elsewhere. thanks in advance!
Analyze the following case: At the beginning of the year, Ted Frey decided to prepare a cash budget for the year, based upon anticipated cash receipts and payments. The estimates in the budget represent a "best guess." The budget is as follows: Expected Annual Cash Receipts: Total Receipts $14,000 Expected Annual Cash Payments: Tuition $4,500 Books $400 Rent $3,500 Food $2,500 Utilities $800 Entertainment $4,000 Total Payments $15,700 Net Change in Cash $(1,700) Assume you are a managerial consultant and Ted has come to you for advice. If events during the year take place as he anticipated in the above budget, he will be $1,700 short. Prepare a written report for Ted that addresses ALL points of discussion listed below. (DISCUSS in paragraph form - DO NOT answer individual questions). Remember - Ted has asked you to review his budget, address the issues below and provide him with a written report. - What does this budget suggest? - In what ways is this information useful? - Some items in the budget are more certain than others. What are the implications of these different levels of certainty to Ted's planning? - Some payment items are more controllable than others. Assuming that Ted plans to go to school, classify the items as controllable, partially controllable, or not controllable. What are the implications of controllable items to planning? -What actions could Ted take in order to avoid having the anticipated shortfall of $1,700 at the end of the year? - What does this budget fail to consider, and what are the implications of these omissions to Ted's planning? This paper should be at least two FULL pages and no more than 5 pages in length: Remember quality not quantity is paramount. Set it up with 1" margins, 12-point Times point. Use WORD and either MLA or APA ( 6th edition) format. You will be graded on content, grammar, punctuation, word structure, spelling, etc. Please submit to Connect. This assignment is to be completed using a paragraph format. Providing a list of answers 1 through 5 will not satisfy the requirement Step by Step Solution
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