THE COST AND SALES CONCEPT Cost is defined as a reduction in the value of an asset for the purpose of securing benefit or gain. Cost is defined in a hotel and restaurant as the expense to a hotel or restaurant for goods or services when the goods are consumed or the services are rendered. KINDS OF COSTS 1. Fixed costs – are those that are normally unaffected by changes in sales volume. They are said to have little direct relationship to the business volume because they do not change
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Budget Crisis in Louisiana Ejoshua McDonald CJA/454 May 07‚ 2013 Monica Wells Budget Crisis in Louisiana The legislatures of Louisiana are in session at the present moment attempting to find answers for the state’s budget crisis. Like other states‚ the budget of Louisiana has been in shambles for years‚ as legislatures try to find solutions suitable for all citizens. The topic of discussion stem from Gov. Bobby Jindal’s tax swap plan‚ House Speaker Chuck Kleckley’s backing
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Katie Ebert JET2 Task 2 #000276281 There are a few areas of concern when looking over Competition Bike’s budget for the upcoming year (Year 9). This budget estimates that 3‚510 units will be sold. CB has just experienced a 15 % decline in sales‚ due to the economic situation. In year 8‚ CB sold 3‚400 units. This flexible budget is allowing 110 more units be added into the mix. Although sales trends have remained consistent‚ despite the decline in sales from professional riders‚ it might
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things” and that “time would be better used in a math or science class.” By providing core subjects with a stronger focus though‚ the arts programs will not be available to students. School budgets also pose a problem for arts programs. This problem is mainly found in low income schools and when the budget dips‚ arts programs are the first to go. When schools are cutting out arts programs for the students they are also cutting out inspiration and a form of expression. Therefore‚ students are
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Determine the revenue variance from Arcadia Hospital’s 2005 budget. Is the variance positive or negative? Upon reviewing the Arcadia Hospital Income Statement for the year of 2005‚ I would say that the variance is negative because the actual budget for 2005 $568 million minus the budget of $596 million equals a negative amount of $28 million under budget‚ which means less revenue. In other word‚ revenues were $28 million below budget‚ therefore the variance is negative. Which is desirable
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Budget Elements of Proposal Paper It is extremely important to consider what type of budgeting to include in a proposal before writing it. A strong proposal can fall to pieces if it is not partnered up with a realistic budget. There are four types of budgets to consider when writing a proposal. This report will take an in depth look at all of them in order to create a firm understanding how to apply each type. The itemized budget is meant to break down an allotted amount into specific categories
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Our military budget has been a huge argument for the presidential candidates and people who support them. Many think we need to lower the budget‚ so we can spend some of the money on more and better things‚ but also many think we need to raise the budget for a better advanced and successful military. This is why the military budget has been such a big argument because it is a big thing for this upcoming election . The U.S needs to raise the military budget for many reasons. In the news article “Bomb
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CAFR Budget Analysis Business - Accounting Select one team member’s CAFR to be the basis for this and subsequent Learning Team assignments‚ using the CAFRs chosen for the CAFR list activity in Week One. Locate and review a copy of the budget accompanying your selected CAFR. Prepare a 700- to 1‚050-word overview of the government that filed your selected CAFR. Include the following information in your overview: Population Governmental structure Size of budget and its
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Decisions U.S. Federal Budget Deficit Introduction and History The U.S. Federal Budget deficit is the fiscal year difference between what the United States Government takes in from taxes and other revenues‚ called receipts‚ and the amount of money the government spends‚ called outlays. The items included in the deficit are considered either on budget or off budget. Generally‚ on-budget outlays tend to exceed on-budget receipts‚ while off-budget receipts tend to exceed off-budget outlays. The United
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“With our current budget‚ the past tense must unfortunately a thing of the past.” (258) Underfunded Schools Forced to Cut Past Tense from Language Programs is an article from The Onion that jests at the common and ridiculous budget cuts schools are presenting day to day. In summary‚ the article is about a fake school cutting past tense from the school’s program. They deploy high humor to create a visual truth about how these budget cuts are chopping down our children’s education. The text mostly
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