Basic general business homework with managing budgets. I have the second sheet of how the questions are to be completed... so easy to do.

Basic general business homework with managing budgets. I have the second sheet of how the questions are to be completed... so easy to do.

User_11125 added on 02/18/17 at 11:17 AM (PST):

To demonstrate positive or negative figures.
To display a figure as positive use 100
To display a figure as negative use (100)
To calculate positive or negative variances -
If the Actual is GREATER than the Budget, the variance will be positive
(as the result is more than expected or budgeted)
If the Actual is LOWER than the Budget, the variance will be negative
(as the result is less than expected or budgeted)
To calculate the Net Profit or Loss
Total Revenue minus Total Operating Expenses
To calculate the Percentage of Budgeted Revenue
Net Profit or Loss divided by Total Revenue multiplied by 100
To calculate the Variance Percentage (%)
Variance $ Amount divided by Budget Amount then multiplied by 100
GST Calculations
To remove GST: $ Amount divided by 1.1
OR
To calculate GST: $ Amount multiplied by 9.09% = GST amount
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Check you've included the following for your MANAGE FINANCES WITHIN A BUDGET PROJECT 1.
Include a memo to the manager with requested information (include both dollar amounts and percentages).
Ensure you show your calculations as well as the answer
Spelling and grammar has been checked.
Check you've included the following for your MANAGE FINANCES WITHIN A BUDGET PROJECT 2.
You have not included GST in your calculations where indicated (GST is calculated at 9.09%).
Ensure there is a numerical value in each box even if the answer is a 0.
You have indicated whether a figure is a positive or negative.
Keep in mind that a Bank Charge can also be called an Account Fee (this is different to an Accounting Fee).
Spelling and grammar has been checked.
Check you've included the following for your MANAGE FINANCES WITHIN A BUDGET PROJECT 3.
You have double checked the anticipated transactions to understand what is required of you.
You have included the GST in the Cash Flow Forecast.
Ensure there is a numerical value in each box even if the answer is a 0.
Double check your calculations.
Check you've included the following for your MANAGE FINANCES WITHIN A BUDGET PROJECT 4.
Double check your calculations.
Include an email to the accountant with the requested information (include both dollar amounts and percentages).
Include an email to the manager with the requested information (include both dollar amounts and percentages).
Spelling and grammar has been checked.