Development of Charts and Graphs - Essay Example

Business proposal The use of a graph helps in determining essential aspects of an individual expense report. The aspects range in categories and series of their repetition to give the problems that develop in an individual expense report and their solutions. Therefore, the use of a graph helps in solving some of the major problems in developing and running an individual expense report. Moreover, individual expense report is the business proposal that I would love to initiate in operating a business. It enables one to be in charge of his or her money. Additionally, budgeting of money from savings becomes easier and manageable. Category 1 to category 4 represent some of the different periods that the business may experience during its operations and assists in developing an individual expense report since high category of 4,will mean high periods of the business and necessary adjustments to the expense report made. Therefore, expenses entail on the type of category experienced. During high categories such as category 4, expenses reduce since the category expects high expenditure affecting savings of the business. Series 1 and 2 shows some of the downs and falls of the business. It enables an individual to determine the periods of savings and expenditures of the business and hence reducing costs and maximizing on profits. Saving from wages enables an individual to have plans for future development of the business. Some of anticipated problems in developing the business plan include lack of enough financial resources and inadequate time for the individual business expense report to take effect. The use of SMART (specific, measurable, applicable, reliable and time range aspects) analysis helps in solving some of the major problems experienced in development of the business proposal. The use of SMART analysis enables the problems of development in the business proposal solved and enable for the progress of the proposal. The use of SMART analysis enables one to compare current household expenditure with future developments of the same expenditure. Specific Problems of the business are handled easily and using realistic approaches of SMART analysis, solutions of the future are managed using an individual expenditure report. Therefore, the development of a business proposal has many varied benefits to the business, which enables prosperity and developments of the company in many varied and effective ways. Period of SMART analysis enables for the existence of an average annual pay of sixty thousand, which enables business individuals and households in America to save money effectively for future use. The use of the graph above in different categories enables households to save from part time business and from average income of households. The savings are possible through the careful study of the series and therefore developing a relevant individual expense report. Besides, balancing of individual expenditures and sum of the expenses becomes easier with savings at large when the category in the graph goes to category 4. Savings grow from average earnings in category 1 to category 4 may be sixty dollars contributed from savings of part time job since the development of an individual expense report moves with high savings from category 1 to category 4. This ensures future security and allows for development of the business in many diverse and varied ways. Likewise, embarrassments of future inflation are avoided through the study of the series 1 and 2 using an individual expenditure report (Vona 90). The main financiers of the business proposal originate from wages and savings that show in the graph from category 1 to category 4 and interchange of series 1 and 2. Household commodities The use of business expense report helps households to maintain a sense of savings from their financial status .The development of an individual expense report regulates the consequence of high price American household commodities such as electricity, food, water and other fundamental household goods. Household goods consumption can be represented in a pie chart as seen below to determine expenditure procedures of household goods. The use of a pie chart above shows some of dominant household goods with percentages. High percentage represents high expenditures of household goods and small percentage represents low consumption of household goods. It helps an individual in determining the an expense report that cuts the high costs of households goods represented in the pie chart and majoring on low cost of goods . This is because of developments in expense report that enables an individual prepare for future implications more effectively. The expense report of households need to include aspects such as date of a meal, purpose of meal and finally the cost of the meal in terms of expenses made in food consumption of the households. On the other hand, employees of the business use the business expense report in restaurants or temporary meal residence. This enables the business to have a report of expenditures made by it is employees to account for the cost and develop relevancy in such expenditures. In solving such expenditure problems, the need for the employees to present the meal expenditure report is fundamental to enable for an effective budgetary report of the business at the end of financial periods. Preparation of an individual expense report enables an individual to regulate monetary services in a more effective way; this ensures an elaborate structure that minimizes wastages. Every cent spend expenditure appears in an individual expense report. The possibility of wastages of money in serving other purposes is managed for other different positive purposes. It establishes the business in more other developments such the management of suppliers and creditors using individual expense report. Additionally, expense report enables business people to manage liquid finances using savings account and observations of interchanges in the graph, despite the increases in the expenditure of households. Savings in banks will be minimal especially in United States, because of low interest rates. Many people will take up the responsibility of using an individual business expenditure report to manage their finances (Vona 103). Effect of individual expense report is that the government will encourage investors to make great investments in the financial markets with the aim of pushing the economy. Majority of investors emanate from entrepreneurs’ with individual expense report. Individuals are more capable to take reserves since they have more savings developed from their outflow reports. The possibility of success in reserves becomes high since, financier is well acquainted to the financial sways and is more able to manage finances in an effective approach. Investments become easier using individual expense report since it enables an individual develop plans and portfolios from investment banks. Moreover, banks are able to offer clients with all the necessary reports of investments’ to protect uncertainties that emanate in future. The use of an individual expense report enables financial institutions to give investors applicable information concerning the establishments of the investment since they are able to study and develop appropriate structures from the expense report. Additionally, expense report allows entrepreneurs’ to have and develop effective private collection of plans and save for the future. It ensures safety of the future using savings that stem from the expenditure report. Budget control All the expenditures of a business are budgeted and developed in a sheet of paper that entails all the expenditures of the business. Expense report allows budgeting of expenditures under average earnings and wages. A budget report gives an account of all the expenditures of a business and therefore controlling figures of the business becomes easier. Moreover, budgetary allocations represents as seen in the graph below. The graph above shows yearly budgetary allocations with the total sales of the business. It gives an individual the opportunity of determining the relevant budgetary sales of the business using an individual expense report. The report persuades persons to stick to budgetary figures and consideration of the only most fundamental costs in the house. Besides, it allows for savings and developments of investments from the savings since financial wastages’ take are controlled. Consequently, American household expenditure rates at lower values and state controls prices of the household commodities for prospect reasons. Therefore, an individual expense report enables states to control prices and has effect to the universal living conditions. The expenses endured in households’ commodities are controlled and common operating expense reduced using the description. Basic commodities such as food, groceries and other household commodities are bought easily in squat costs. It regulates dash of future since commodities are stored in freezers. This is enabled using an individual expense report since it regulates the plan of the future and save any uncertainties’ that develop during inflations. Expenditures in the house diminish. For instance, the use of machines in houses is replaced by use of hands since an individual expense report illustrates better plans. This reduces Electricity bill by using an individual expense report (Vona 201). Conclusion Development of charts and graphs helps an individual to observe the interchanges of the graph and make relevant decisions concerning the budgetary issues and expense. Moreover, the use of an individual expense report regulates household expenditure. It enables an individual to plan effectively and avoid any major encounters presumably created in future. It is fundamental for individuals to take up the accountability of developing individual expense report in order to control their financial abilities effectively. Works cited Leonard W. Vona: Fraud Risk Assessment: Building a Fraud Audit Program: unabridged John Wiley & Sons, 2012, 224 pages Read More