Official Cash Rate The Official Cash Rate (OCR) is the interest rate set by the Reserve Bank of Australia to meet the inflation target specified in the Policy Targets Agreement. The current agreement defines price stability as annual increases in the Consumers Price Index (CPI) of between 2 and 3 per cent on average over the medium term. A media release is issued at 2.30 pm after each Reserve Bank Board meeting‚ with the Board’s decision taking effect the following day. Changes to the official
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INVENTORY AND CASH MANAGEMENT SESSION 5 T Cash Can Be Managed as Inventory • Cash managed like inventory in manufacturing o Doesn’t mean physical cash; instead can be ‘quick’ financial instruments:短期国库券 checking accounts t-bills‚ o Demand for cash by organizations‚ individuals varies • Main concepts are: o Need to estimate ‘transactions demand’ o Models for changes in cash balances o Continuous cash management approach • Supply chain of physical cash o Think of advantages
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Petty Cash System Review (last 12 months) |Issue / Potential for Fraud |Fraud Rating |Date Incident Occurred |Notes | |No policy or procedures written up.|1 |Listed in the breakdowns below. |Many of the incidents or potential for fraud could be eliminated if there were documented | | | |
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Power Distance In Dutch culture power distance is not a common behavior. “Acting Normal” is the appreciated standard. Dutch people do not accept hierarchy. Egalitarianism plays an important role in the private as well as business behavior. Employees in a lower positions cannot be treated as a “subordinates” or as inferiors who do everything their boss will tell them. Here the director of the company should say “hello” to the cleaning personal and should be careful with giving them the feeling that
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radiation exposure - for this reason‚ radioisotopes with short half-lives (like Na-24‚ half-life = 15hours) is used so radioactivity quickly disappears and the water/oil becomes safe to use again and the surrounding environment unaffected. The two main problems associated with
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Discuss and analyse the importance of business sustainability In this essay I am going to discuss and analyse the importance of business sustainability. Business sustainability is often defined as managing the triple bottom line - a process by which companies manage their financial‚ social and environmental risks‚ obligations and opportunities. (http://lexicon.ft.com/Term?term=business-sustainability) There are a number of best practices that foster business sustainability‚ and help organisations
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Analyses of “Chickamauga” Analyzed “Chickamauga” is short story by Ambrose Bierce that takes place in 1863 during the American Civil War. It is an anti-war narrative that also speaks to the evolution of humans in battle. A young child‚ the son of a veteran is the central character. Having grown up around war and being born of a soldier the child shows insensitivity to wounded men that few could understand. Not only insensitive to the setting‚ the child makes a game of the situation at hand
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A Review of the Cash Conversion Cycle At Lawrence Sports‚ the management of their cash conversion cycle‚ and working capital system‚ is critical to their continued success. It appears that a review of this process is needed in order to fully understand what they are currently doing‚ where they can improve‚ and how much of an impact those options will have on the company. According to Emery‚ et. al.‚ in their work Corporate Financial Management‚ “The cash conversion cycle is the length of time
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"The crops which are grown in Pakistan in abundance & earn foreign exchange for the country are called cash crops" Introduction: Pakistan is an agricultural country & seventy percent of her population lives on agriculture.These crops not only fulfill the local needs of food but also a great part of them is exported abroad to earn foreign exchange. Types Of Crops: There are basically two types of crops Food Crops & non-food crops The most important crops of Pakistan are‚ cotton
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Managerial accounting focuses on three business issues which are allocating the cost of goods or services‚ cash management or budgeting and financial forecasts. Managerial accounting uses cost allocation methods to allocate various business costs for each item produced by the company. Cash management and budgeting outlines all future expenditures to ensure business operation generate enough capital to pay for business expenses. Financial forecast provides business owners and managers with expected operational
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