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1 pages/≈275 words
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APA
Subject:
Management
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Essay
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English (U.S.)
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Topic:
Budgeting Projections
Essay Instructions:
Budgeting Projections
For your organization or one with which you are familiar, consider the type of product or service offered and how the volume changes each year.
Develop an original response by addressing these prompts:
Describe how you would project the level of sales or services expected in the upcoming year for budget purposes.
Would economic models, market studies, population projections, or other forecasts provide insight into the future requirements? How?
Essay Sample Content Preview:
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Budgeting Projections
The Achievement First Brooklyn Charter Schools use the historical financial data and current market environment assessment to prepare the sales or service level forecast for the coming year. The school substantially depended upon government share, especially the state and local operating revenues per pupil total, which for the year ending June 30, 2023, was approximated to be $ 146.76 million (CohnReznick, 2023). That being said, the first general stage in the projection process is the quantitative assessment of past enrollment rates, as enrollment is a direct driver of revenues.
Historical enrollment figures are significant to study. For example, if enrollment has been rising over the last few years, it shall continue to do so, provided demographic shifts support it (Mwirigi & Muthaa, 2015). The financial statements show that the school enrolled disadvantaged poor students and, hence, a market de...
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