08 Jun Question ACCT-2003-1- Week 3-Using Budgets for Decision Making
Question
ACCT-2003-1- Week 3-Using Budgets for Decision Making
When making key financial decisions for a business, budgets can provide invaluable information in determining the best course of action. Changes to different parts of a budget may have a greater or lesser impact to the overall financial well-being of the organization. Care should be taken in analyzing all options.
The airline business is very competitive and, as a result, management is under constant pressure to improve its profits. There are various ideas that could possibly help improve profits. Consider the following possibilities:
Increasing the price of tickets
Reducing the number of flight attendants
Reducing the number of flights on which meals are served
Serving smaller meals or serving snacks instead of meals
Eliminating employee raises, or limiting the percentage increases
Reducing the number of baggage handlers
For each of these ideas, determine the effect the potential solution would have on each of the respective budgets and on the projected financial statements. Then, respond to the following:
Which solution do you think produces the best scenario for increased profits?
What other issues should management consider when implementing your solution?
With these thoughts in mind:
The length of your response(s) should be a minimum of 150 words.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.