Respond to weekly discussion questions.

Week Five Discussion Questions

• Imagine you are preparing a business’s cash budget, which involves determining the amount of cash to keep on hand. How might the nature of the business affect your decision? Provide specific examples in your response.

• Review different budgets used in your organization or in an organization with which you are familiar. What are the uses of the types of budgets you reviewed?

• What is a flexible budget? What types of organizations may use flexible budgets? Why are flexible budgets useful?
• What are variances and why do these occur? When should one investigate budget variances? What factors would you consider when deciding whether to investigate a variance? As a manager, how you would you handle variances?

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