question archive After delivering the presentation, you are then required to engaged in discussion with the CEO and Finance Manager of the company to negotiate the following: Due to decreasing the budget for maintenance and repair cost, some of the machines have not been repaired during the first two quarters
After delivering the presentation, you are then required to engaged in discussion with the CEO and Finance Manager of the company to negotiate the following: Due to decreasing the budget for maintenance and repair cost, some of the machines have not been repaired during the first two quarters
Subject:AccountingPrice: Bought3
After delivering the presentation, you are then required to engaged in discussion with the CEO and Finance Manager of the company to negotiate the following: Due to decreasing the budget for maintenance and repair cost, some of the machines have not been repaired during the first two quarters. You must negotiate with the Finance manager to increase the funds for maintenance and repair in the master budget/ financial plan by 20 %. To increase the overhead cost such as office supplies by 10%. Negotiate this with the CEO. Come to a mutual agreement on the on financial budget /plan . The role of the CEO will be played by your trainer/assessor and the role of finance manager will be allocated to the student by your trainer/assessor. If there are insufficient number of students in the class, then your trainer/assessor will take on multiple roles and switch roles based on requirements. During the discussion / Role play : Finance manager will agree to the change as it is an essential cost that must be incurred. Otherwise, this will lead to damage in the machinery. CEO will obstruct to increase the overhead cost because this will decrease the company's overall profit and with the increased wages, it is not possible for the company to increase overhead cost by 10 % . Part 3: After the discussion with the finance manager and CEO, it has been agreed that the funds for maintenance and repair in the master budget/ financial plan will be increased by 20% for last two quarters of the project. You are required to revise the budget and disseminate the details of the changes made in the budget to the team members
