pls check the attached file for the rest work
Question 8.1 from page 278, Chapter 8:
– Why are planning and budgeting so important to an organization’s success?
Question 8.2 from page 278, Chapter 8:
–Briefly describe the planning process. Be sure to include summaries of the strategic, operating, and financial plans.
Question 8.3 from page 278, Chapter 8:
-Describe the components of a financial plan.
Problem 8.1 from page 279, Chapter 8; SEE HELPFUL HINTS BELOW:
– Consider the following 2011 data for Newark General Hospital (in millions of dollars):
|
Static Budget |
Flexible Budget |
Actual Results |
Revenues |
$4.7 |
$4.8 |
$4.5 |
Costs |
4.1 |
4.1 |
4.2 |
Profits |
0.6 |
0.7 |
0.3 |