Financial Decisions budget

User Generated

zffzvgu99

Business Finance

ece312

Description

Financial Decisions

Imagine that you are on the board of directors of a church-based child care center. After reviewing the budget for next year, you and your fellow board members realize that the center will have to make some tough decisions. Choose one of the following budget scenarios to discuss.

  1. Budget Cuts: In order to stay profitable, the center will need to make budget cuts. You are concerned because you know that if salaries do not go up, some teachers may resign. On the other hand, if tuition rates increase, some of the families may not be able to afford to stay at the center. How will you and the board go about making these cost-saving decisions?
  2. Budget Surplus: Your center is in the enviable position of having a budget surplus that has resulted from careful financial management over the past several years. The center must allocate the excess funds in order to ensure future funding from the church. How will you and board go about making these spending decisions?

Using information from Chapter 3 and at least one other source (be

sure to cite your source), describe two to three specific strategies to

either save or spend money while meeting the needs of the teachers and

families. Your discussion post should be at least 200 words in length.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

I have attached a plagiarism report for your discretion

rutmyh
by Tjjdf v Ndjf gkg

Submission date: 23-Nov-2017 04:02AM (UT C-0500)
Submission ID: 884445488
File name: budget1.docx (17.31K)
Word count: 320
Character count: 1788

rutmyh
ORIGINALITY REPORT

0

%

SIMILARIT Y INDEX

0%

0%

0%

INT ERNET SOURCES

PUBLICAT IONS

ST UDENT PAPERS

PRIMARY SOURCES

Exclude quotes

Of f

Exclude bibliography

On

Exclude matches

Of f

rutmyh
GRADEMARK REPORT
FINAL GRADE

GENERAL COMMENTS

/0

Instructor

PAGE 1
PAGE 2
PAGE 3
...

Similar Content

Related Tags