A Budget is developed based on historical information, forecasted information an
ID: 2498584 • Letter: A
Question
A Budget is developed based on historical information, forecasted information and assumption for other factor that may have an effect on the Budget.
Marianne Estes is applying for a scholarship that will pay ALL school related expenses for one entire academic year.
2 pts 1.) Prepare a budget for her to use in the application.
A Budget was prepared for a total of $15,000.
1 pt 2.) Which is the desired outcome select one –a) To be under budget b) To be over budget c) To come in at $15,000… right on budget.
2 pts 3.) Give two reasons for your selection.
Explanation / Answer
To be under budget
the fees should be less than the budgeted amounted as he will be able to meet all the expenses