FINA425 1405B 02 IP5
Budget for Money Cares Investment Corporation
Tina Geer
February 8, 2015
Budgeting FINA425-1405B-02
J. Wiley
American Intercontinental University
Abstract
This paper is about Money Cares Investment Corporation is having some problems with going over budget. First it explains some risks that the company can have if this continues to go on. Then it covers how the company can succeed. Next the paper covers the company’s vulnerable areas and the assets the company has. Then it covers where the business spends most of their money. Finally the paper goes over some ways the budget can be regulated.
Budget for Money Cares Investment Corporation
Money cares budget needs to be adjusted and enforced for all departments within the company. This business needs to be monitoring or they will fail all the customers that want to invest with their company.
Budget problem Money cares Investment Corporation is having a huge over budget problem. The three main departments are marketing, transportation and workshop which are all over budget because of expenses going towards supplies, hospitality with clients. Going over budget potentially can put the business into the ground (Financial Web, 2014). If the company doesn’t have a set aside amount for hospitality then there isn’t room for it. The business should reestablish the cost that marketing must use as well the transportation costs the company must use (Financial Web, (2014). When the company continues to go over budget this provides them with less of a budget to support certain accounts. If the business isn’t thriving the customer will know. There needs to be rules on what the card is used for.
Company to succeed1
The company must set aside more of a budget to supply hospitality to their customers. There needs to be someone monitoring the expenses closely to see if the budget is not set properly. If there is no monitoring then the company will always go over budget (Shim, J., & Siegel, J., & Shim, A., 2012).
Tina Geer
February 8, 2015
Budgeting FINA425-1405B-02
J. Wiley
American Intercontinental University
Abstract
This paper is about Money Cares Investment Corporation is having some problems with going over budget. First it explains some risks that the company can have if this continues to go on. Then it covers how the company can succeed. Next the paper covers the company’s vulnerable areas and the assets the company has. Then it covers where the business spends most of their money. Finally the paper goes over some ways the budget can be regulated.
Budget for Money Cares Investment Corporation
Money cares budget needs to be adjusted and enforced for all departments within the company. This business needs to be monitoring or they will fail all the customers that want to invest with their company.
Budget problem Money cares Investment Corporation is having a huge over budget problem. The three main departments are marketing, transportation and workshop which are all over budget because of expenses going towards supplies, hospitality with clients. Going over budget potentially can put the business into the ground (Financial Web, 2014). If the company doesn’t have a set aside amount for hospitality then there isn’t room for it. The business should reestablish the cost that marketing must use as well the transportation costs the company must use (Financial Web, (2014). When the company continues to go over budget this provides them with less of a budget to support certain accounts. If the business isn’t thriving the customer will know. There needs to be rules on what the card is used for.
Company to succeed1
The company must set aside more of a budget to supply hospitality to their customers. There needs to be someone monitoring the expenses closely to see if the budget is not set properly. If there is no monitoring then the company will always go over budget (Shim, J., & Siegel, J., & Shim, A., 2012).
References: M.U.S.E., (2013). Steps in effective budget controls. Retrieved from https://class.aiuniv.edu/_layouts/MUSEViewer/Asset.aspx?MID=MU15892&aid=AT80914 Financial Web, (2014) Shim, J., & Siegel, J., & Shim, A., (4th edition)(2012). Budgeting basics and beyond. Retrieved from http://wow.coursesmart.com/9781118096277/firstsection Footnotes