The Society for Financial Studies Decision Processes‚ Agency Problems‚ and Information: An Economic Analysis of Capital Budgeting Procedures Author(s): Anthony M. Marino and John G. Matsusaka Source: The Review of Financial Studies‚ Vol. 18‚ No. 1 (Spring‚ 2005)‚ pp. 301-325 Published by: Oxford University Press. Sponsor: The Society for Financial Studies. Stable URL: http://www.jstor.org/stable/3598074 . Accessed: 15/11/2013 17:17 Your use of the JSTOR archive indicates your acceptance
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SCM Case Analysis: Apple‚ Inc. Fundamentals of Supply Chain Management Capella University April 23‚ 2014 Apple is one of the most widely known companies in the world. They started as a computer company in 1976. Apple is now a Fortune 500 company and have been voted as having the best supply chain for the past several years by the IT research team Gartner. Many factors make them number one. Apple was not always the supply chain kings. A smart firm recognizes their weaknesses‚
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Public budgeting systems are systems for making choices of ends and means. The purpose of budgeting is to allocate scarce resources among competing public demands so as to attain societal goals and objectives (Lee‚ 49). Depending upon conditions at a given time in history‚ budgets have tended to emphasize financial control‚ managerial improvements‚ or planning. The government should adopt a biennial budget. Proponents of biennial budgeting believe that the federal government would benefit from
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Performance based budgeting The budget remains the single most important issue facing the courts. Since the financial crisis of 2008‚ the budgets for the federal judiciary have been decreased roughly 8 percent‚ i.e. $555 million from $7 billion a year. The judiciary reduced its overall workforce through layoffs by 5‚400 court staff‚ which is roughly one quarter of its total workforce. Unfortunately‚ the organization has to follow the budgets. Budget cuts are gradually harming court system and
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Behavioral Aspects of Budgeting The technical process for setting a budget emphasizes the need for involvement at all stages of the process. In an ideal world that would produce the best solution. However‚ the world is not ideal and not everyone can be allowed to do exactly as he or she would wish at the first instance. So potential conflicts arise and those involved in the budgetary process need to be aware of the behavioral aspects in order to maximize the good points and minimize the problems
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CASE 1 APPLE COMPUTER‚ INC.: PEOPLE AND DESIGN CREATE APPLE’S FUTURE Apple Computer paradoxically exists as both one of America’s greatest successes and one of its greatest failures to achieve potential. It ignited the personal computer industry in the 1970’s (1)‚ bringing such behemoths as IBM and Digital Equipment almost to their knees. At the same time‚ Apple is an example of opportunities lost. It represents a fascinating microcosm of American business as it continues to utilize its strengths
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ABSTRACT This report describes capital budgeting techniques such as NPV (The NPV of an investment is the difference between its market value and its cost‚ IRR (The IRR is the discount rate that makes the estimated NPV of an investment equal to zero. PAYBACK (The payback period is the length of time until the sum of an investment’s cash flows equals its cost)‚ discounted payback period (The discounted payback period is the length of time until the sum of an investment’s discounted cash flows equals
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Zero-Based Budgeting MHA 612 Dr. Kathy Wood October 14th‚ 2013 Zero-Based Budgeting Introduction As the zero-based budget consultant for Windsor Memorial Hospital I will make recommendations to the Board of Directors on how to create a solid plan to reduce costs and increase productivity. This will be a team based solution. In order to sustain the plan for years to come‚ it will require continued effort and a commitment from all current and future employees. Zero-based budgeting is one
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LITERATURE REVIEW A lot of investigators have studied working capital from different perspective and in different Surroundings. The subsequent ones were quite appealing and constructive for our study. The connection between profitability and liquidity was observed‚ as calculated by Current ratio on a section of joint stock businesses in Saudi Arabia via correlation and regression analysis. The learning established that the cash adaptation cycle was of more significance as a computation of liquidity
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2012 ANNUAL BUDGET OF BARANGAY ISOK II An Analysis (by: Abraham L. Cuevas) INTRODUCTION Barangay Isok II in the municipality of Boac‚ Marinduque is one of the barangays in the Poblacion area. This review will present an overview of the proposed Barangay Budget of Barangay Isok II for CY 2012. This paper will also tackle details on the budget preparation‚ budget authorization‚ budget review‚ and budget execution and accountability. OVERVIEW OF THE BARANGAY 2012 BUDGET On October 7‚ 2011
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