Our Services

Get 15% Discount on your First Order

Project Overview: In the previous project part, you developed a flexible (flex) budget based on an unforeseen expense provided to you by your professor.

May 20, 2024

Project Overview:

In the previous project part, you developed a flexible (flex) budget based on an unforeseen expense provided to you by your professor. For this project part, you will take things one step further by determining ways to reduce spending in different areas or aspects of your business.

Using your operational budget as a guide, determine three potential cuts to spending in your business. These cuts may be broad (e.g., an overall staff reduction of X%) or targeted (e.g., switching from expensive oak to much cheaper pine for the production of skateboards).

The goal is not to create an immaculate budget, but to find creative opportunities for reducing your overall spending without affecting the quality of your product or the health of your company.

Bear in mind that business solutions, especially with regard to budgeting, are rarely straightforward. Not every cut your team makes will be a matter of simple subtraction. Sometimes investing more money in the short term can lead to spending less in the long-term. Other times, outsourcing or sub-contracting work can reduce costs across multiple departments or processes.

Regardless of the cuts you propose, be prepared to explain your group’s decisions either in class or in the Budget Analysis Discussion Board.

Procedure:

Using your operational budget as a guide, conduct a budget analysis and determine three potential areas or aspects of your business that could receive cuts to reduce spending. These cuts may be broad (e.g., an overall staff reduction of X%) or targeted (e.g., switching from expensive oak to much cheaper pine for the production of skateboards).
You must identify three potential cuts that can be made. There are almost always multiple opportunities for budget cuts in any organization.
For inspiration, research recent spending cuts in your market sector. What are other companies cutting spending for? Why?
Using the information from your budget analysis, generate three separate budgets that account for these proposed cuts. Which saves the most money? Which makes the most sense for your business?
Gather all three budgets into a single document for submission.
Be prepared to explain and support your decisions in class or in the Budget Analysis Discussion Board.

>Business & Finance homework help

Share This Post

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Module 3 Discussion Pulmonary Function: D.R. is a 27-year-old man, who presents to the nurse practitioner at the Family Care Clinic

Module 3 Discussion Pulmonary Function: D.R. is a 27-year-old man, who presents to the nurse practitioner at the Family Care Clinic complaining of increasing SOB, wheezing, fatigue, cough, stuffy nose, watery eyes, and postnasal drainage—all of which began four days ago. Three days ago, he began monitoring his peak flow

instructions are on the worksheet Where You At? A Bioregional Lab Developed by Leonard Charles, Jim Dodge, Lynn Milliman, and Victoria

instructions are on the worksheet Where You At? A Bioregional Lab Developed by Leonard Charles, Jim Dodge, Lynn Milliman, and Victoria Stockley. Coevolution Quarterly 32 (Winter 1981): 1. Have you ever wondered where your water comes from? Or where your food comes from? Our society relies on a lot of

Need help with a question Due 9/1/2024 The health care organization IT staff has notified the CISO that one of the new NewTab iPads® has been

Need help with a question Due 9/1/2024 The health care organization IT staff has notified the CISO that one of the new NewTab iPads® has been misplaced, though it is not known if it was lost or stolen. The NewTab information system does not have a mobile device management capability

In this assignment, you will a compare, contrast, and evaluate new media to a time before you were born. Remember new media by its definition has some form of

In this assignment, you will a compare, contrast, and evaluate new media to a time before you were born. Remember new media by its definition has some form of electronic communication. 1. Starting with your birthdate, go back at least 20 years. My birthday is september 1st 2002 2. Compare

Assess Organizational Readiness (BRITISH PETROLEUM (PLC) AND JOHN BROWNE: A CULTURE OF RISK BEYOND) The assignments in this course are a series of papers based

Assess Organizational Readiness (BRITISH PETROLEUM (PLC) AND JOHN BROWNE: A CULTURE OF RISK BEYOND) The assignments in this course are a series of papers based on the same case, which is on XanEdu pa

personal and professional accountability in the context of social media.

I have a writing project of 1200 words, about either a visual, text or multimodel analysis. Here I will attach the rubric, criteria for evaluation and examples

I have a writing project of 1200 words, about either a visual, text or multimodel analysis. Here I will attach the rubric, criteria for evaluation and examples on what to work on.

In Module 3, we considered the first in our three-part series on research design. Specifically, the focus was on distinguishing features of classical

In Module 3, we considered the first in our three-part series on research design. Specifically, the focus was on distinguishing features of classical experiments, namely, random assignment and experimental control. Also, this module’s assigned readings provided a bit of historical context for the overall paucity of experimental evidence published in

Respond to each person Chasity PCL Characteristics Continually Learning In society today this world is continually changing a

Respond to each person Chasity PCL Characteristics Continually Learning In society today this world is continually changing and it is necessary to continue to seek knowledge to learn what is necessary to keep up with this changing society. As an individual who opens myself up to ideas and learn from

Instructions are attached Prompt Why do you think it was important for psychology to move away from structuralism? Is there

Instructions are attached Prompt Why do you think it was important for psychology to move away from structuralism? Is there value in structuralism that we have lost? What are the pros and cons of behaviorism? How do Watson and Skinner differ in their approach to behaviorism? Parameters · Answer the

Module 03 Written Assignment – Phases of Burn Injury Top of Form Bottom of Form Module 03 Content 1. Top of Form A burn injury can severely affect a

Module 03 Written Assignment – Phases of Burn Injury Top of Form Bottom of Form Module 03 Content 1. Top of Form A burn injury can severely affect a patient’s physical and emotional well-being. As a nurse you may be in charge of taking care of a patient during any of

Discussion Questions (pick one): Stephen Douglas accused Abraham Lincoln of wanting to “universalize” his anti-slavery policy, which was certain to

Discussion Questions (pick one): Stephen Douglas accused Abraham Lincoln of wanting to “universalize” his anti-slavery policy, which was certain to lead to political violence and civil war. As right as Lincoln might have been about the evil of slavery and the legality of banning it in the Western Territories, etc.,

You must complete Annotated Bibliographies for six of your sources (total). This week, you will turn in three (3) of those Annotated Bibliographies. (Next week

You must complete Annotated Bibliographies for six of your sources (total). This week, you will turn in three (3) of those Annotated Bibliographies. (Next week you will turn in the other three plus y

topic: How do intelligence-sharing mechanisms contribute to enhancing homeland security preparedness and response? Please share with your

topic: How do intelligence-sharing mechanisms contribute to enhancing homeland security preparedness and response? Please share with your classmates the significant findings of your research. How do your findings contribute to the discipline of homeland security? Please provide at least three (3) sources that significantly contributed to your findings. Please include

Week 4 Quiz: 20 minutes Thank you 1) What would be output by the following function definition and function call? def decrement(x, y): if x >= 0 or y

For this assessment, you will create an 8-12 slide PowerPoint presentation for one or more stakeholder or leadership groups to generate interest and

For this assessment, you will create an 8-12 slide PowerPoint presentation for one or more stakeholder or leadership groups to generate interest and buy-in for the plan proposal you developed for the third assessment

Select an issue from the following list: workplace violence, workplace injury, unit restructuring, floating, nurse turnover, nurse staffing ratios, or

Select an issue from the following list: workplace violence, workplace injury, unit restructuring, floating, nurse turnover, nurse staffing ratios, or use of contract employees (i.e., registry and travel nurses).