BUDGETING SIMULATION Q1.Explain and critically analyze the budget that you prepared for the exercise For this exercise‚ estimates‚ budget‚ conditions‚ conditions forecast were the things to be kept in mind. From the conditions that were specified: 1) Weather-the cost can go high if the weather conditions get worse 2) Labor market-the cost can go high or low depending on the availability 3) Stakeholders cooperation-depending on them‚ the cost can also go high or we can even save money 4) Reliability
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spending — nearly as much as Social Security‚ or the combined spending for Medicare and Medicaid. The sheer size of the defense budget suggests that it should be part of any serious effort to address America’s long-term fiscal challenges. National security threats have evolved over the past 50 years‚ changing the nature of U.S. commitments around the world. We need a defense budget that matches these new security challenges‚ not the threats of the last century. We should also recognize that a strong economy
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The Advantages and Disadvantages of 7 Days Inn As a typical budget hotel‚ Seven Days Group Holdings Limited established in 2005 and now‚ more than 1000 Seven Days Inn have scattered all around the China (Zhang‚ 2012). I registered to be a member of 7 Days Inn two years age‚ and have already lodged in three branch stores in different cities during my travels. Budget hotels are considered as 1 star hotel because they provide lodging at cheaper price varies from 30$-40$ per room per night. The main
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this assignment with the following assumption. * That the company does not have accurate budget * That Rada plc have different departments of their business in different area of the world. For an organisation not to have an accurate budgeting is like working without any plan because budget take an important role in the day to day running of a business and also most importantly the future. Budget is important for the following reason * Planning of annual operation * Coordinating the
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accountants for the county of Broward. The opinion rendered was unqualified‚ the financial statements included in the report conforms with generally accepted accounting principals (GAAP) accepted by Governmental Accounting Standards Board (GASB). The purpose of the independent audit is for the purpose of providing explanatory and applicable financial information to the citizens‚ board members‚ investors‚ creditors and all other readers. The responsibility lies upon the county for accuracy and fairness
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Michael Felkner‚ Student ID: 000355161 County Assessment My assessment is of Henrico County in the state of Virginia. Henrico County is located within the Commonwealth of Virginia‚ 2010 census count for the county population was 306‚935 with an estimated 2013 county population of 316‚973. (Wikipedia‚ n.d.) Henrico County is the 5TH most populous county within the state and also one of the oldest counties within the country. (Wikipedia‚ n.d.) Henrico County boarders the city of Richmond and actually
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My Most Memorable Academic Experiences: High School and College I am looking forward to describing my most memorable high school and college experiences. I would really love for my teachers to appreciate me for all the hard work I’ve done. For those people that didn’t know about my ambition and what it really meant to sacrifice‚ it meant a lot to my family. I’ve gotten involved in school activities‚ community service‚ and school events and a lot more. I felt that once I graduated from school I
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subdivisions of counties‚ or county equivalents in the case of Alaska and Louisiana. The amount of counties in a state depends on how much land there is in the state. Some have well over 200‚ like Texa‚ and some have five or less like Delaware. California‚ which only had 27 counties when it was first gaining statehood‚ now has a total of 58. One of the 58 counties is named Shasta‚ a medium sized county in the northern California area at the top of the Sacramento Valley. Shasta county was originally
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History of Indian Budget India’s first Finance Minister Sir R.K. Shanmugham Chetty‚ presented the first Finance Budget of independent India on November 26‚ 1947. Since then‚ 28 differentUnion Finance Ministers have been presenting the budget year after year. Initially‚ major attention was paid towards the agriculture sector but as the economy evolved‚ the focus shifted from agriculture to other sectors like industrial‚ financial etc. During the early the fifties‚ Indian budget highlights revolved
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Unit 330 Agree a Budget Before developing a draft budget I have the previous financial year’s budget‚ income statements and the cash flow for my consideration within the future budget. It was really helpful although the new orders are due within the next year and I had to recalculate income and variable expenses. I have prepared a list of all the incomes and expenses and put them together to use as estimations for developing a draft budget. This list should always be prepared before the start
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