Budget Planning and Controlling
Benefits of a Realistic Budget
A budget is delineated as a written statement of the plans for management for a particular period of time, conveyed in financial terms. A realistic budget will benefit the owner of Babycakes as compared to having no budget at all. One of the benefits is forecasting. A realistic budget will assist the owner of Babycakes in projecting yearly expenses and also helps in perceiving the costs as they take place. A second benefit is setting the right prices. It is imperative to note that aspects such as the prices of rival products are not the only factors taken into consideration when setting the rates, charges and prices of products. For instance, the price of cupcakes set by Babycakes during Valentines should not be solely determined by what other bakeries set their prices to (Drury, 2013; Weygandt et al., 2009).
A third benefit of Babycakes having an actual budget is that it brings about flexibility. Having a realistic budget will permit the bakery to track the performance of the business all the way through...
The reason for this shortfall, as noted by the Balance Budget website, emanates from pension costs, previously agreed to cost of living pay increases, rising health care costs overall and a general weakness in the overall economic recovery that has ensued, albeit very slowly, since the end of the so-called "Great Recession" period that ended in approximately 2009 for the nation as a whole. The balance budget website notes that
budgets of any major size will get most, but not necessarily all, of their money from taxpayers of several many sorts but the main goal of the agencies regardless of size and structure is to provide basic and needed services to the area they serve, whatever and wherever that may be. While all budgets are quite similar in one form or another, they are all different in their own ways
Affordable Housing in Los Angeles Los Angeles is called the "city of Angels." It is a heavily populated state of California and second most populous in the United States. Los Angeles is very famous for its climate, sunshine throughout the year. It is well-known and prominent for Hollywood, churches, shopping malls, Santa Monica Mountains, art galleries and entertainment industry. People always dream to live in Los Angeles as it is the
Budget management analysis is used by mangers as a tool and helps determine that all resources available are being used efficiently. The budgets are determined yearly and are based upon the previous year's budget and variances. This paper will discuss specific strategies to manage budgets within forecast, compare five to seven expense results with budget expectations, describe possible reasons for variances, give strategies to keep results aligned with expectations, recommend
Grant: Strengthening the Family Unit Grant -- Strengthening the Family Unit BUDGET NARRATIVE The program expenses described in this budget narrative are for the Year 1 Pilot. Subsequent years of program are dependent on the provision of additional funding, to be determined at the close of the Year 1 and upon satisfactory evaluation of the Pilot program. PERSONNEL: Costs attributed to personnel with project coordination and budget oversight duties are assigned to this category. Two
budget document you selected. The organization that was selected is the city of Los Angeles, California. This is because the government has been facing challenges from the lingering effects of the recession and there is a projected budget deficit of $1 billion for the 2013 to 2014 period. The documented that was selected is the Mayor's 2012 to 2013 Budget Proposal. This will provide specific insights, as to how officials
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