Discuss the consequences of poor planning and poor controlling

Jun 28th, 2015
Studypool Tutor
A. T. Still University
Price: $25 USD

Tutor description

Effective Controls:- Timely Cost Effective Accurate Measurable Indicate Cause/Effect Responsibility of one Acceptable

Word Count: 261
Showing Page: 1/14
Profit Planninga series of prescribed steps to betaken to ensure that a desired profitwill be made.Profit planning must precede otheractivities.McGraw-Hill/Irwin 2006 The McGraw-Hill Companies, Inc. All rights reserved.RevenueCashAccountsReceivableTypes of ExpensesFixedVariableExpensesMaterialsSalariesUtilitiesDepreciationRentBuilding ServicesInsuranceInterestOffice & SuppliesSales PromotionTaxes & LicensesMaintenanceDeliveryMiscellaneousProfit (Income)the difference betweenrevenue earned and expensesincurred.Initial StepsIn Profit PlanningEstablish GoalDetermine Expected SalesVolume1) Estimate Expenses2) Determine Estimated Profit3) Compare Estimate With Goal1)2)Action StepsIn Profit Planning6)7)8)9)List alternativesto improve profitsDetermine howexpenses & profitsvary with volumeAnalyze alternatives vis--vis profitSelect an alternative & implementAction Steps In Profit Plan7.8.a.b.c.a.b.c.How Do Expenses Vary With VolumeSales Expenses$364,000$530,000$700,000Volume$364,000$530,000$700,000$364,000$490,000$618,700Profit$ -0$ 40,000$ 81,3009. Analyze Alternatives10. Select/Implement PlanPlanning For Profit1. Profit GoalDetermine Sales VolumeEstimate ExpensesDetermine Profit EstimateCompare Profit To GoalList Alternativesa.b.c.d.Change Sales VolumeDecrease ExpensesA

Review from student

Studypool Student
" Top quality work from this guy! I'll be back! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1830 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors