Business Studies, asked by danzelbalir, 11 months ago

You are newly hired at an animal shelter. One of your assignments is revenue projection and budget creation.




Create a budgeting process with timely and accurate forecasts of revenue and expenses.


Identify the line items of the budget that will have a high priority associated with them.

Explain the resources you will need (financial, equipment, time, etc.).

Provide a process for anonymous feedback when there are violations in accountability or ethics.

Define the separation of duties for the planning process.

Answers

Answered by alinakincsem
0

Planning process

Explanation:

  • Various things need to be taken into account while addressing the planning process.

Budgeting process

  • the goal would be to stay within the limits and get sponsors who can help around with some donations.
  • Considering this is an animal shelter, another goal would be to digitally get as much support as possible. Its the cheapest marketing medium, so digital platforms would be used.

Budget example,

REVENUE

  • Adoptions                                     60,000
  • Events for fund raising                  15,000
  • Donations                                      20,000
  • Sponsors                                        17,000
  • Grants                                             6,000

                                                  ________________

                                                               118, 000

                                                  _________________

Care                                                          24,000

Food                                                          4000

Supplies                                                     2000

Trainers                                                     5000

Insurance                                                  6,000

Legal Fees                                                 1,000

Advertising                                                3000

                                                     __________________

                                                               45,000

                                                      __________________

- The high priority limits would be

not to spend too much on advertising and make sure that sponsors are found. Because sponsors are the biggest asset in this budget.

They are the major source of the budgeted income.

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