Prioritizing Expenses for a Company Website Part 1: Select a website for a local small business. Examine it carefully. If you were to improve your selected website, how would you prioritize your budget? Begin by listing everything that went into making the website. Decide which elements need improving. Then, rank them from 1-5, for example, where one is the highest priority (i.e. most money would be spent) and 5 is the lowest priority (i.e. least amount of money would be allocated). Part 2: Now, you need to decide how to promote the company using this website most effectively. You have a $100,000 budget—determine how you allocate the budget using the template that follows.

Prioritizing Expenses for a Company Website Part 1: Select a website for a local small business. Examine it carefully. If you were to improve your selected website, how would you prioritize your budget? Begin by listing everything that went into making the website. Decide which elements need improving. Then, rank them from 1-5, for example, where one is the highest priority (i.e. most money would be spent) and 5 is the lowest priority (i.e. least amount of money would be allocated). Part 2: Now, you need to decide how to promote the company using this website most effectively. You have a $100,000 budget—determine how you allocate the budget using the template that follows.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 11EA: Look up the definitions for the following terms: Budget (Budgeting) Capital budget (Capital...

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A SMART goal is specific, making, actionable, relative, timely. significant, making, actionable, relative, timely. specific, measurable, attainable, realistic, time frame–specific. A budget is a way of tracking expenditures and making sure you spend it on what is important to you. making sure that most of your income is spent on rent, food, and other necessities. tracking expenditures and limiting them as much as possible. What should you do first if you realize your expenses exceed your income? Have a weekly game night with friends. Identify ways to make cuts. Start saving. All of the following choices are good ways to avoid credit card debt EXCEPT paying off your entire credit card balance each month. making minimum monthly payments within the grace period. using your credit card only when necessary. If you have credit card debt, what is your BEST plan of action? Stop using your credit cards and start paying off the debt. Wait…
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Brian just completed a Client Needs Assessement and his client confirmed that she will requre profitability tracking, and need to create budgets and purchase orders in her accounting solution. What is the mimimum Quick Books online version suitable for Brian's client?
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A company can expect to receive which of the following benefits when it starts its budgeting process? a. The budget provides managers with a benchmark against which to compare actual results for performance evaluation. b. The planning required to develop the budget helps managers foresee and avoid potential problems before they occur. c. The budget helps motivate employees to achieve sales growth and cost-reduction goals. d. All of the above
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