Student – Deborah Guest ILM Level 5 Diploma in Principles of Leadership and Management 8610 – 503 Develop Critical Thinking Section 1-Explain the difference between beliefs‚ attitudes and values Our beliefs are assumptions we make and hold to be true. A belief can be delivered to you by many different sources. Whether it be your faith‚ culture‚ your education or from personal experience. Values are based on what is important to you. This could be happiness‚ wealth‚ family‚ your career. Attitudes
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Ways that you can ruin your life. Bertha Budget and Hammond Deggs saving and not saving money. Bertha Budget saves all of her money. Hammond Deggs does not save any of his money. Bertha Budget Is an old woman who is seventy-four years old. Bertha is not retired and is still working. Every nickel of Bertha’s money is saved. Bertha does not even have a husband or kids to spend the money on. The house Bertha lives in is in disrepair and she has worn out clothes. She never goes out to eat neither.
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CHAPTER I 1.1 INTRODUCTION Budget and budgetary control practices are undeniably indispensable as organizations routinely go about their business activities and operations. These organizations are constantly on the alert on how actual levels of performance agree with planned or budgeted performance. A budget expresses a plan in monetary terms. It is prepared and approved prior to a particular budgeted period and explicitly may show the income‚ expenditure and the capital to be employed by organizations
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CAPITAL BUDGETING MEANING OF CAPITAL BUDGETING Capital budgeting is the making of long term planning decision for investment fixed assets and their financing. Capital budgeting decision is concerned with current investment that will pay for itself and yield an acceptable rate of return over its life span. Hampton (1992) defines capital budgeting as the decision making process by which firms evaluate the purchase of major fixed assets‚ including buildings‚ equipment. It also covers decisions to
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Personal Budget Explanation 1. Personal financial goals: It is such a good idea to get financial goals written out right in front of me‚ (not just financial goals‚ but any goals!). I think the process serves as a good reminder of what needs to be accomplished and where priorities should be. I have checked three off the list‚ and it probably would have taken me longer had I not written these out! I always forget how good it feels to “check” things off. 2. Develop financial plans and strategies
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Chapter 17 Question B1 Bixton Company’s new chief financial officer is evaluating Biston’s capital structure. She is concerned that the firm might be underleveraged‚ even though the firm has larger-than-average research and development and foreign tax credits when compared to other firms in its industry. Her staff prepared the industry comparison shown here. Rating Category Fixed Charge Coverage Funds From Operations/Total Debt Long-Term Debt/Capitalization Aa 4.00-5.25x 60-80% 17-23% A 3.00-4
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ACC 3515 – MANAGEMENT ACCOUNTING SEM 1 2014/2015 FLEXIBLE BUDGETING 1. The following overhead data are for a department in a large company. Actual Costs Incurred Static Budget Activity level (in units) 200 220 Variable costs: Supplies $4‚050 $4‚906 Power $1‚690 $1‚892 Fixed costs: Administration $6‚240 $6‚200 Depreciation $6‚280 $6‚200 Required: Prepare a report that would be useful in assessing how well costs were controlled in this department. 2. Hempstead Corporation
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Week Five Individual Assignment Jonathan Scott ACC/561 7-A1) Preparing a Master Budget You are the new manager of the Betterbuy Electronics store in the Mall of America. Top management of Betterbuy Electronics is convinced that management training should include the active participation of store managers in the budgeting process. You have been asked to prepare a complete master budget for your store for June‚ July‚ and August. All accounting is done centrally so you have no expert help
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Ch.21 Figure 21-1 1. Refer to Figure 21-1. In graph (a)‚ what is the price of good Y relative to good X (i.e.‚ Py/Px)? a. 1/3 b. 1/4 c. 3 d. 4 ANS: B 2. Refer to Figure 21-1. Assume that a consumer faces both budget constraints in graph (a) and graph (b) on two different occasions. If her income has remained constant‚ what has happened to prices? a. The price of X in graph (a) is higher than the price of X in graph (b). b. The price of Y in graph (a) is higher than the price of Y in graph (b). c
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Section 5 with Lennie. In section 5 in the novella‚ although we still expect Curley’s wife to be dangerous and troublemaking figure she is presented as a maternal figure towards Lennie with her interactions with him. She is also presented as venerable and a victim of society. In this chapter she doesn’t have to defend herself because she is not being excluded or challenged. Curley’s wife’s body language contrasts with that of section 2 because it is comforting and friendly. An example of this
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