Budgets

give more funds to NASA because they believe it’s budget is large enough. However, there are a plethora of people who disagree. These people strongly believe in expanding NASA’s recently decreased budget, which would allow for further exploration to take place in the hopes of achieving new levels of discovery. NASA spends an exorbitant amount of money each year on space exploration, but the possible benefits outweigh the government…

Hello Mr. President. I have written the following memo in order to assist you with budget items and messages from several organizations, as well as some special topics to be careful around. Our stance on military power is striking, made clear with the multiple cuts and deductions with weapons and nuclear arsenals. The halt on weapons’ programs will not affect the items already manufactured, which will please citizens worried about weakening our government while also soothing those who wish to…

In order to understand this issue, it is important to first understand what a budget is. According to “The Financial Impact of Staff Development,” written by Cheryl Lindy and Peg Reiter, “The budget provides a written record of the money that flows in and out during a period of time. As a clear snapshot of income and expenses, it is an effective management tool to plan and control the financial activities of an organization.” (Cheryl Lindy, Reiter 121). Due to the lack of budgeting, conditions…

government, Congress centralized the budget-making process through the Budget and Accounting Act of 1921. Through the passage of the act, the president, assisted by the Bureau of the Budget, is now responsible for preparing and submitting the Budget of the United States Government for the next fiscal year to Congress each January. The budget would tell Congress what the president recommends for overall federal fiscal policy through three main components: (1) budget authority, or how much money…

choice of submitting an outgoing budget chose not to, both Presidents’ George H.W. Bush and Clinton played a critical role in the development of their successor’s budget through the use of a “transition budget” volume to Congress. Both wanted to create a document that would outline historical data, baseline budget projections, and illustrations of those projections using variations of economic assumptions and vastly different broad assumptions. Formalized Budget Transition History While a…

The Public Budget Cycle The public budget cycle is applicable to organizations that operate based on a budget. There are four phases related to a budget cycle and each step is valuable. For example, with preparation, approval, execution, and evaluation of each step involved becomes a living document towards better understanding and helping to achieve the organization goals. The preparing of a budget is the first step, approving of the budget is the second step, executing the budget is the…

Our tasty cookies budget contains three possible scenarios of outcomes with sales numbers, a realistic scenario, optimistic and pessimistic scenario. The realistic scenario shows us the most accurate, probably outcome in the current economic state with the current companies standing. This includes an expected volume of 8,688 cookies sold, resulting in a contribution margin of $52,130, NOI of $16,130 and margin of safety % at 30.9. Alternatively, with an increase in sales volume, the respective…

of the military, and reduce the overall troop counts. The United States’ military budget cuts are necessary if the number of soldiers is not decreased. The U.S. spends the most money on its military, and the overall size of our military is enormous. The United States is currently not in time of war. The air campaign against ISIS is not considered a “war”. Since the early Obama and late Bush periods the budget is actually down 200 billion dollars. (.6II/I) The United States spends more…

NA Education Times Does the amount of money in a school's budget affect the student’s grades? Is it true that poorer schools receive higher scores? Most people would assume that poorer schools would do worse than rich schools. However, a recent study between Northern Virginia school’s wealth and SOL passing score percentage shows otherwise. The study was conducted with the intent truly uncovering the mysteries of North American education. The team of researchers in the study were a…

3. STATIC BUDGETS A static budget contains elements where expenditures remain unchanged with variations to sales levels. Overhead costs represent one type of static budget, but these budgets aren't confined to traditional overhead expenses. Some departments may have a fixed amount of money set in budget to spend, and it is up to managers to make sure such amounts are spent without going over-budget. This condition occurs routinely in public and nonprofit sectors, where organizations or…