It is a tool applied to financial and operational data that aims to identify

It is a tool applied to financial and operational

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It is a tool applied to financial and operational data that aims to identify and determine the cause of the variance. Variance analysis is important to assist with managing budgets by controlling budgeted versus actual costs. And it should be reported to designate stakeholders so that observations can be made. 5. a. Explain the difference between a milestone and a performance indicator. (2 marks) The milestone is the project goal and it is a flag in the project that some major or significant task has been completed and performance indicator is the metric that show you how well you are doing working towards milestone. b. What is the first milestone for any types of businesses? (1 mark). The first milestone for businesses is developing a viable and sustainable business model. The company must ensure its validate its product or service. The business model should adapt over time. Part A total: 23 marks
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Part B Written Assessment The Brokman Company is currently working on its cash budget for the coming year. The following information is available: Note: It is expected that this problem will be complete using an Excel spread- sheet using formulas. Projected sales for the coming year: Month Projected Sales Month Projected Sales January 850,000 May 830,000 February 750,000 June 750,000 March 730,000 July 900,000 April 850,000 The collection history of the Brokman Company has been as follows: 20% of sales are collected in the month of the sale. 60% of the sales are collected in the month following the sale.
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  • '16
  • dsa
  • Brokman Company

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