Babycakes’ Budget. Accounting, Finance, SPSS Essay (Essay Sample)
Abstract is not required.
You have 2 hours of work to provide all required calculations according to instructions.
Before approaching this assignment, be sure that you have watched the following video.
https://www.youtube.com/watch?v=frh3I2rVDzs
1. Briefly,discuss the ways a realistic budget will benefit the owner of Babycakes versus having no budget at all. Be sure to use Babycakes as the company and any specific product details in your explanation.
2. Prepare a sales budget for the LA Babycakes store for the 4th quarter of 2016. Present the number of units, sales price, and total sales for each month; include October, November, and December, and a total for the quarter. Use one-half of the Valentine's Day sales as the basis for a usually, in the new quarter Use 30 days for each month. Calculate the total sales for each month for October, November, and December.
Integrate relevant information from at least three (3) quality academic resources in this assignment
Babycakes’ Budget
Student’s Name
Institutional Affiliation
Babycakes’ Budget
Question 1
Budgeting is concerned with Babycakes’ implementation of their long-term plan for the year ahead (Drury, 2012). This part of the paper is going to discuss why having a budget will benefit the owner of Babycakes better than having no budget at all.
The budgeting process ensures that Babycakes' owner plans for future operations and that they consider how conditions in the next year might change and what steps they should take now to respond to these changed conditions (Drury, 2012). With a budget, the owner will know how much raw materials to buy, what price to buy them at, and what quantities to use when making red velvet cakes.
Through the budget, the owner communicates her expectations to her supervisors, so that all employees understand these expectations and can coordinate their activities to attain them (Drury, 2012). For example, by informing employees that they are baking 1 500 red velvet cupcakes for Valentine’s Day, employees will be ready for a business day which is busier than normal and requires twice the effort from them.
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