If I pay all my expenses, but I never seem to have any money left over for fun. Introduction: Budgeting is the basic need of any business or personal finance . Budgeting enables the person or business to plan its revenue and expenditure. Budgetary control is the most useful method of managerial controls, which helps in setting standards for revenue and expenses and analyzing the performance on the basis of standards. The comparison of standards with actual is called variances analysis.

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formulate responses to the following questions. You are to answer ALL the questions. You are the Chief Financial Officer for a printing company which employs around 50 people, ranging in age from those in their 20s to some in their 50s. Of late, you have noticed that office supplies such as stationery, kitchen supplies, etc are having to be replaced far more frequently, resulting in a higher expenditure. As a result, as of a given date, you are implementing measures to track employees' use of such resources. In addition, you will have to inform staff that there will be a minor pay cut, as of a given date, since the company is not attracting as many customers. The only other option to the pay cut would be to maintain salaries but lay off some individuals. After using these two Methods of Communication:Method 1: All-staff Meeting (In-Person or Virtual)Method 2: Official Company-Wide Email Feedback i) List TWOways in which you would ensure that you received feedback from the employees.…

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Chapter 19, Problem 4EE

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If I pay all my expenses, but I never seem to have any money left over for fun.

Introduction:

Budgeting is the basic need of any business or personal finance. Budgeting enables the person or business to plan its revenue and expenditure. Budgetary control is the most useful method of managerial controls, which helps in setting standards for revenue and expenses and analyzing the performance on the basis of standards. The comparison of standards with actual is called variances analysis.

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formulate responses to the following questions. You are to answer ALL the questions. You are the Chief Financial Officer for a printing company which employs around 50 people, ranging in age from those in their 20s to some in their 50s. Of late, you have noticed that office supplies such as stationery, kitchen supplies, etc are having to be replaced far more frequently, resulting in a higher expenditure. As a result, as of a given date, you are implementing measures to track employees' use of such resources. In addition, you will have to inform staff that there will be a minor pay cut, as of a given date, since the company is not attracting as many customers. The only other option to the pay cut would be to maintain salaries but lay off some individuals. After using these two Methods of Communication:Method 1: All-staff Meeting (In-Person or Virtual)Method 2: Official Company-Wide Email Feedback i) List TWOways in which you would ensure that you received feedback from the employees.…

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