Week 8 Discussion Questions Obtain information on the following questions pertaining to a unit budget. Discuss specific examples from your workplace (you can imagine you are working in a nursing unit) to answer the questions below. What factors on your nursing unit must be considered in a budget? It is not necessary to analyze a specific […]
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Discuss the differences between communication flows in these 2 budgetary approaches.
An imposed budget forecast approach does not allow input from those who are directly affected by the process. This can tend to make the employees feel that they are unimportant and that management is concerned only with meeting budgetary goals and not necessarily with the well-being of employees. The employees will probably feel less of […]
Discuss whether it is ethical for Ann to submit a budget for an amount higher than the cost expected to be incurred.
Case Study As manager of the waste treatment facility for the city of Columbus Park, Illinois, Ann Paxton is in the process of preparing an annual expense budget. While eating lunch at her desk, she thought about the coming year. “Next year, my department will probably be asked to process some 9,000,000 gallons of waste. […]
List your current sales, discounts and allowances, net sales, margins, operating costs, and earning before and after taxes.
look at the financial statements for the company you selected and, using the previous quarter’s financial data, interpret the data and propose a budget for the next Quarter based on your current and previous analysis of company performance. Complete the budget template using this Operating Budget Template (attached). List your current sales, discounts and allowances, […]
What are some risks that could create budget variances over the five-year period of your analysis? Are there any strategies that can help mitigate the risk of unfavorable variances?
For Part 2 of this Assignment, you will describe your budget and analysis (This is the excel sheet attached by the writer that needs to be analyzed). To do this: 1) Create a brief (1- to 2-page) description of your budget and analysis. Your description should clearly describe the budget and address the following: a. […]
Briefly describe in words the substitution effect on labor supply for an individual in the top bracket from the reduction in the marginal taxrate from 40% to 25%.
1.(42points) In his influential work on the impact of taxes on labor supply, Jerry Hausman assumed desired (or optimal) annual hours followed this formula:.(Note: I am not going to make you derive thisformula—it comes from a somewhat complicated mathematical formula for the utility function, so just trust me that this is correct.) Assume a two-bracket […]
Explain.Now suppose that Maya’s income increases such that she can afford a monthly budget of £300 for electricity and treats. Reproduce your diagram for Question 2 and show how the increase in her budget changes her point of utility maximisation.
Maya can afford a monthly budget of £200 for treats and electricity. Assume that both are normal goods. Suppose that the prices are £20 per unit for electricity and £10 per treat. Draw a diagram showing Maya’s budget constraint and feasible consumption set. Explain your answer. Your diagram should measure number of treats along the […]
Discuss What were the key reasons for the development of this health information technology system/application, i.e., what made the organization believe this system/application was needed? How did this organization determine those needs? Did the organization use specific tools to conduct needs assessments, staff opinions, or workflows?
Organization Information Briefly describe the health information technology system/application and the organization type (hospital, clinic, public health agency, health care software company, government health information website, private virtual health information site, etc.). Is the health information technology system/application clinical, administrative, educational, or research related? What were the key reasons for the development of this health […]
Explain in detail how the estimate is converted to the budget and how the budget is used as a cost performance baseline. Include how the schedule is used with the budget. Make sure your explanation includes the time and cost relationship.
Explain in detail how the estimate is converted to the budget and how the budget is used as a cost performance baseline. Include how the schedule is used with the budget. Make sure your explanation includes the time and cost relationship.
How do the various functional departments of an organization use financial planning (i.e. marketing, operations, sales, executive management, finance, etc.)?Explain.
1. How is the financial plan and budget related to a company’s strategic plan? 2. How do the various functional departments of an organization use financial planning (i.e. marketing, operations, sales, executive management, finance, etc.)?
