Each year in your role as a manager, you are asked to provide input for your company’s budget. You just received a memo from your supervisor asking you to prepare a plan to update the following items:
• Equipment • Software • Furniture • Supplies
The new items should enhance the effectiveness and productivity within the company. You know that your supervisor loves it when the company increases profits and decreases expenses.
You have been given a target budget of $25,000.
Your company requires that you get quotes from at least two vendors for any item that costs more than $500.
Prepare a list of the equipment, software, furniture, and supplies you think the company needs to be successful in the coming years.
1. Review catalogues, advertisements, the Internet, or other sources to identify vendors and prices for each item. 2. Prepare a proposed budget for your supervisor. Attach vendor, price, and description of the quality of the items you selected. Keep in mind what you have learned about budgeting and finance throughout the course and incorporate it into your proposed budget and presentation. 3. Present your budget to the class via PowerPoint, and provide justifications for the items you selected and explain how your budget will help the company be successful.
This project will be evaluated on how thorough and accurate your budget is in relation to the company you work for, the quality of items selected in relation to the cost, and the creativity of your presentation. You will decide what company you work for. Be creative