2. Performance Budgeting   Performance budgeting has been attempted at the local level in recent years. Address the issues of performance budgeting while answering the following questions: What attributes of performance budgeting make it particularly suitable to local government budgeting? Will the same attributes be as useful at the federal level? Respond to at least two of your classmates’ postings.

Q: Discuss some of the major benefits to be gained from budgeting.

A: Budget:   A budget is a statement of estimated revenues and expenditures for a specific period of…

Q: 2. How does budgeting become a useful tool in business?

A: “Since you have asked multiple question, we will solve the second question for you as you have asked…

Q: 1. What is budget?

A: Companies, at the time of initial working, decide to implement certain policies and procedures that…

Q: Zero-based budgeting refers to: a. Budgeting from the ground up as though the budget process were…

A: Budgeting means a process of estimating or forecasting about future expenses and income of the…

Q: Outdoor Outfitters has created a flexible budget for the 70,000-unit and the 80,000-unit levels of…

A: Comment- Multiple Questions Asked 5) Flexible Budget-   A flexible budget refers to the  budget that…

Q: If economic efficiency is the primary goal in the budget process, the task of budget allocation…

A: Several statement have been given explaining the objective of the task of budget allocation,…

Q: Explained how the company's budgetary control system could be revised to improve its effectiveness.

A: The company is work on the budget to be initially made with a view to follow the pattern…

Q: What is a good response to? Hello everyone, What are the primary benefits of using flexible budgets…

A: A flexible budget is a budget that adjusts or flexes for changes in the volume of activity. Unlike a…

Q: I have a hypothetical budget for a hypothetical public department that gains revenue from sources…

A: Budget linkage refers to the connection between the resources allocated to an organization in its…

Q: The objectives of budgeting are: a) establishing specific goals for future operations b) executing…

A: Budget means the expected value for future. Budget is prepared for future and actual value is…

Q: rative that provides a brief background on why you are n portance and your Intention or reflection…

A: Budgeting is very important every where in life or business. Budgeting involves allocating the money…

Q: At the state and local levels, what is the most common first step in the budget preparation process?

A: The budget preparation process is a critical activity for state and local governments as it…

Q: Budgeting serves various purposes including planning, control, motivation and communication. You…

A: Budgeting is an essential tool utilized by businesses of all sizes and in all industries. It is a…

Q: Which of the following is a benefit of using​ budget-management software? ​(check all that​ apply).…

A: Benefit of Budgeted Management Software Budgeted management software helps to the management in…

Q: A cash flow budget can be used to   A.    estimate when and how much money will need to be borrowed…

A: Option d is correct.

Q: The "Cash Budget"   a)is used to predict future surpluses & shortages of cash, allowing the…

A: A Cash Budget is a detailed plan that shows the anticipated inflows and outflows of cash within a…

Q: 2. Which of the following is the cornerstone (or most critical element) of the master budget? The…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: 1. What are the steps in formulating the budget?

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Budgeting can be an important management tool if implemented properly. Identify several positive…

A: A plan that is written down and followed to determine how one will spend money on a monthly basis is…

Q: Which of the following should a manager consider when creating a sales budget ? All of the listed…

A: The objective of the question is to identify the factors that a manager should consider when…

Q: Q17: Among the advantages of object of expenditure approach all the following except а. It can be…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: budget planning cycle”.

A: Budget Planning Cycle: Budget planning cycle is the continuous performance of managers on the…

Q: Which of the following statements is the intended goal or outcome of a traditional line-item budget?…

A: A traditional line-item budget is a type of budget format that presents the financial information by…

Q: What are the acceptance criteria for IRR and NPV? Discuss the steps in capital budgeting. (Kindly…

A: IRR and NPV are both tools of capital budgeting in which a project is accepted or rejected as per…

Q: Roberds Tech is a for-profit vocational school. The school bases its budgets on two measures of…

A: The flexible budget is prepared to estimate the difference between the actual and budgeted…

Q: Briefly tell how Program Based Budgeting (PBB) interface with the GIFMIS?

A: SOLUTION- Program-Based Budgeting is a budgeting tool where all budgetary information is organized…

Q: civics- “explain why it is important that citizens understand the governments budget”

A: References: OECD. (2002). OECD Best Practices for Budget Transparency. OECD Publishing. Retrieved…

Q: (CMA adapted) The process of creating a financial plan of the revenues and resources needed to carry…

A: The correct answer is budgeting.Explanation:Budgeting: Budgeting is the process of creating a…

Q: A SMART goal is specific, making, actionable, relative, timely. significant, making, actionable,…

A: since you have asked multiple, we will solve the first question for you if you want any specific…

Q: On Financial Forecasting, Planning, and Control Statement I: Budgeting is a tool for planning and…

A: Solution 1: the question relates to 3 statements related to financial forecasting, planning and…

Q: Discuss the following: a. Are these budget standards challenging for the department that produces…

A: A Departmental Manager is the person who is responsible for keeping note of stocks available with…

Q: (a)   Analyze the advantages and disadvantages of the below FOUR (4) budgeting systems.         i)…

A: Answer: As per Q/A guidelines, first question has been answered. Please repost remaining question.…

Q: I need help arriving at the following values in the Budgeted Balance Sheet: Prepaid Insurance…

A: Prepaid insurance is the amount of insurance which is paid in advance and the benefit of which has…

Q: benefits and any limitations of using budgets and the extent to which they can help identify…

A: Benefits of Using Budgets 1. Helps to motivate and direct employees: Budgets can be used to set…

Q: Prepare a Budget Proposal for a sport organization of your choice and should also contain the…

A:

Q: Many governments budget on the cash basis. Explain why a government would budget on a cash basis…

A: The cash basis is a major accounting method that recognizes revenues and expenses at the time cash…

Q: Prepare a Budget Proposal for a sport organization of your choice. Your proposal should also contain…

A: Budgeting is the process of creating a financial plan for an organization for a specified period of…

Q: Out of the following options please tell me which are two dimensions or the main aspects of…

A: Budgeting is the process of making a plan for how person or organization will spend the money. A…

Q: There are develop a O a. C O b. C Oc. C Od. P 5 e. C

A: Let's start by understanding the many budget forms that community sector organizations and their…

Q: In this course, performance budgeting has been examined as a budget reform from the perspectives of…

A: Performance budgeting is an approach to financial management and budgeting that emphasizes the…