Managerial Accounting Budget AssignmentThis is a very easy assignment. Everything is attached. Has 3 parts. Can be finished in an hourPurpose: The purpose of this assignment is to apply basic budgeting principals.References must be listed.Part 1:Define/discuss budgeting as a critical financial management strategy in healthcare.Part 2: Fast forward! You are about to start your first professional practice opportunity. You are in the middle of contract negotiations and you need to request a compensation package that meets your needs. Develop a business budget for the next 12 months.Step 1:Decide on the geographical area in which you will be practicing. Research & identify typical salaries for this area. List sources used.Step 2:Determine and estimate all of your expenses that you will need to cover for the next 12 months.Step 3:Research & identify ‘typical’ benefits that may be included in your compensation package.Step 4:In Table format, develop your budget – month by month for 12 months – listing potential income each month as compared to your expenses by month.Step 5: Calculate Net Income by month/by year (Income minus expenses).Step 6:Justify your ‘ideal’ compensation package.Step 7:Identify 3 ways in which you could cut down on your expenses.Part 3: Budgeting – WORST Case Scenario!Brainstorm what could go “wrong” with your budget. Discuss how you could minimize these factors and/or other ways in which you could earn income. Be specific.
Budget Assignment
DUE: Week 15-Monday December 7, 2020 via email.
This is an independent assignment.
Purpose: The purpose of this assignment is to apply basic budgeting principals.
References must be listed.
Part 1: Define/discuss budgeting as a critical financial management strategy in healthcare.
Part 2: Fast forward! You are about to start your first professional practice opportunity. You are in the middle of contract negotiations and you need to request a compensation package that meets your needs. Develop a business budget for the next 12 months.
Step 1: Decide on the geographical area in which you will be practicing. Research & identify typical salaries for this area. List sources used.
Step 2: Determine and estimate all of your expenses that you will need to cover for the next 12 months.
Step 3: Research & identify ‘typical’ benefits that may be included in your compensation package.
Step 4: In Table format, develop your budget – month by month for 12 months – listing potential income each month as compared to your expenses by month.
Step 5: Calculate Net Income by month/by year (Income minus expenses).
Step 6: Justify your ‘ideal’ compensation package.
Step 7: Identify 3 ways in which you could cut down on your expenses.
Part 3: Budgeting – WORST Case Scenario!
Brainstorm what could go “wrong” with your budget. Discuss how you could minimize these factors and/or other ways in which you could earn income. Be specific.
RUBRIC (10%)
POINTS
GRADE
Part 1
10 points
Part 2 Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 7
70 points
Part 3
10 points
References/Citations (APA Format)
5 points
Organization, Grammar, Spelling, etc.
5 points
TOTAL
100 points
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Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?
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Our essay writers are graduates with diplomas, bachelor’s, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college diploma. When assigning your order, we match the paper subject with the area of specialization of the writer.
Why Choose Our Academic Writing Service?
Plagiarism free papers
Timely delivery
Any deadline
Skilled, Experienced Native English Writers
Subject-relevant academic writer
Adherence to paper instructions
Ability to tackle bulk assignments
Reasonable prices
24/7 Customer Support
Get superb grades consistently
How It Works
1. Place an order
You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.
2. Pay for the order
Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.
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You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.
4. Download the paper
The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.
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