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RUNNING HEAD: BARNEY AND CO.
Barney and Co.
BARNEY AND CO.
Since the company is striving to a profitable through an efficiently and economically use
of the business resource and the labor, it requires a financial road map that shows how it will
allocate its resources for the achievement of its business objectives. The company simply
requires a prudent budget for the accomplishment of its goals. Barney and Co practice budgeting,
probable expenditure estimate and specific period income to the most effective and efficient
determination strategy for the assets expansion and money making. Budgeting is important for
the company because it will allow the company control its expenditure and allocate resources
maximizing on its profits. This will allow it be able to demonstrate to banks, its investors and the
shareholders whom they have plans with for where they go (Huber, 2015).
The company’s sales organization has its primary responsibilities that predict the forecast
sales. The sales forecast has since had the starting point that contracts the sales budget, the
involvement and input to most managers as to the other importance. The company first has the
responsibility of directing the overall budgeting effort and the contributed leadership planning,
legitimacy and the coordination to the resulting forecast. The introduction order secondly to the
new product and the other repacked existing line, to the sales managers cooperation of the elicit
production and ...