Manny, a budget officer, conducted a class for non-accounting managers and program directors on the subject of budgets. Manny began the class discussion by asking, “What are some of the uses of a budget?” One manager replied, “Planning.” Another said, “Evaluating performance.” Still, another suggested “Coordinating activities.” “What about implementing plans?” inquired another. “Or communicating them?” added someone else. “Don’t forget motivation,” one manager warned from the rear of the room. “I’m on the school board,” commented another, “and we use it to authorize actions.” Finally, one manager asked, “Can budgets do all that?” Manny responded, “all that and more.” Select at least two of the uses suggested by the managers and explain how budgets accomplish those uses.

Financial Accounting and Cost Management Classify each of the following actions as either being associated with the financial accounting information system (FS) or the cost management information system (CMS): a. Determining the total compensation of the CEO of a public company b. Issuing a quarterly earnings report c. Determining the unit product cost using TDABC d. Calculating the number of units that must be sold to break even e. Preparing a required report for the SEC f. Preparing a sales budget g. Using cost and revenue information to decide whether to keep, or drop, a product line h. Preparing an annual statement of financial position that conforms to generally accepted accounting principles (GAAP) i. Using cost and revenue information to decide whether to invest in a new production system or not j. Reducing costs by improving the overall quality of a product k. Using a debt-equity ratio and liquidity ratios from a balance sheet to assess the likelihood of bankruptcy l. Using a…

“Budgeting is the same across different organisations and industries, so organisational strategy, industry and the broader goals and objectives of a business are not of much importance in the budgeting process”. Do you agree with this statement? Explain why or why not Can you please type a 150-200 word response to this. I have had two experts answer this and both responses have been below average with grammar and answering the question. Please allow for an expert to properly answer this in 150 words.

You recently began a job as an accounting intern at Raymond Adventures. Your first task was to help prepare the cash budget for February and March.​ Unfortunately, the computer with the budget file​ crashed, and you did not have a backup or even a hard copy. You ran a program to salvage bits of data from the budget file. After entering the following data in the​ budget, you may have just enough information to reconstruct the budget. Raymond Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street​ Bank, where the current interest rate is 8%. Raymond Adventures pays interest on its outstanding debt at the end of each month. The company also repays all borrowed amounts at the end of the month as cash becomes available.    Complete the following cash budget:                                     Raymond Adventures                                          Cash Budget                                     February and March…