PRODUCTION VARIANCE REPORT Background On completion of the first full inventory count for March 2013‚ ACL Production incurred a variance of TTD 277 k. The reasons for these variances included:- Bulk Paint not consumed Usage not recorded Normal Loss (Evaporation/Clingage) Drum Shortage Packaging use not recorded Multiple report as Finished Not defined These variances were not taken to book until a clear understanding of why it occurred was realized. As a consequence of the above‚ it was
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MODEL CREATION Introduction The main purpose of using financial model is to analyse and understand the financial situation of business for decision-making. .Finance needs various calculations to get precise information. There are different types of user e.g. managers and owners need the financial model to evaluate the risk and return to make business decisions for the smooth operation‚ Individual investors make logical investment decisions – ‘’Risk aversion’’ and etc.(Wild‚ Subramanyam and Halsey
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Strategic Management Accounting APC309 Individual assignment Weighting – 100% of the marks for this module This is an individual assignment of 3‚000 words‚ excluding the bibliography and any appendices. The word count MUST be shown on the front cover of the assignment. All of the learning outcomes for the module are being assessed in this assignment. The learning outcomes are shown in the section entitled “Marking Guide”‚ which is further on in this document. The University’s
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STATE BUDGETARY ALLOCATIONS: AN APPRAISAL OF BUDGET IMPLEMENTATION AND EFFECTS IN NIGERIA* By Prof. Aderibigbe S. Olomola Director‚ Surveillance & Forecasting Department Nigerian Institute of Social and Economic Research (NISER)‚ Ibadan PAPER PRESENTED AT THE NISER RESESEARCH SEMINAR SERIES (NRSS) HELD AT THE NIGERIAN INSTITUTE OF SOCIAL AND ECONOMIC RESEARCH‚ IBADAN SEPTEMBER 11‚ 2012 1 STATE BUDGETARY ALLOCATIONS: AN APPRAISAL OF BUDGET IMPLEMENTATION AND EFFECTS IN NIGERIA
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Heston’s Stochastic Volatility Model Implementation‚ Calibration and Some Extensions Sergei Mikhailov‚ Ulrich Nögel Fraunhofer Institute for Industrial Mathematics‚ Kaiserslautern‚ Germany‚ Mikhailov@itwm.fhg.de; Noegel@itwm.fhg.de 1 Introduction The paper discusses theoretical properties‚ shows the performance and presents some extensions of Heston’s (1993) stochastic volatility model. The model proposed by Heston extends the Black and Scholes (1993) model and includes it as a special case
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Budget is the financial blueprint or action plan for a department or organization. It translates strategic plans into measurable expenditure and anticipated returns over a certain period of time. Budgets are prepared for responsibility center (may be department or activity). An individual is assigned to be responsible for that center and is answerable for matters under his control. Budgeting activities include forecasting future business results as sales volume‚ revenue‚ capital
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CAPM is a model which enables investors to determine the expected return from a risky security. It observes the relationship between the risk of an asset (Mobil Oil) and its return. The model uses Beta as the main measure of risk. This model works under the following situations: • In a perfectively competitive market where they are many price-takers’ investors‚ who have a small market share each. • Investors behaviour is myopic • Also investments included in the model are publicly
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| Chembra Peak: The hills‚ rocks and valleys which contribute to the very unique character of Wayanad provide a lot for adventure tourism. Trekking to the Chembra peak is a risky mountaineering endeavour. Chembra peak‚ the highest hill in Wayanad‚ is near Meppady town. Trekking to the top of this peak takes almost a day. Tourists can also stay one or two days at the top of the peak in temporary camps. District Tourism Promotion Council provides guides‚ sleeping bags‚ canvases‚ huts and trekking
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The Gap Model is a conceptual model especially developed to qualitatively measure service quality. It was developed by parasuraman et al.(1985) based on results from empirical research. Tha gap model identifies five organizational gaps within the process of service design and delivery that cause deficits in quality ‚ leading to dissatisfied customers. The Gap Model locates and maps five generic gaps that apply regardless of the thematic type of service: 1. Between management perceptions of customer
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Regression Analysis and Forecasting Models A forecast is merely a prediction about the future values of data. However‚ most extrapolative model forecasts assume that the past is a proxy for the future. That is‚ the economic data for the 2012–2020 period will be driven by the same variables as was the case for the 2000–2011 period‚ or the 2007–2011 period. There are many traditional models for forecasting: exponential smoothing‚ regression‚ time series‚ and composite model forecasts‚ often involving
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