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You recently joined as a manager in Computech Electronics selling PCs, laptops, and computer accessories in the South Eastern area of Melbourne. You have been
You recently joined as a manager in Computech Electronics selling PCs, laptops, and computer accessories in the South Eastern area of Melbourne. You have been asked by the management to prepare budget for the organisation. Steve, office assistant has been the one handling the accounts and has noticed a few worrying trends: New competition has recently increased and Computech Electronics is losing market share. They have been experiencing continuous cash flow issues, which means they have a shortage of cash when it comes to paying monthly and quarterly bills. Computech Electronics' long term goal is to take back their market share and bring the cash balance back to surplus. Steve has advised you that company would be having following budget objectives: Increasing sales by 10% over a 12 month period Increasing market share by 10% Bring back cash balance to surplus, so we can stop paying overdraft interest to the bank
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