Joint-cost allocation. Elsie Dairy Products Corp. buys one input‚ full-cream milk‚ and refines it in a churning process. From each gallon of milk Elsie produces three cups of butter and nine cups of buttermilk. During May 2010‚ Elsie bought 12‚000 gallons of milk for $22‚250. Elsie spent another $9‚430 on the churning process to separate the milk into butter and buttermilk. Butter could be sold immediately for $2.20 per pound and buttermilk could be sold immediately for $1.20 per quart (note: two
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Assignment 1 1. Define and explain the significance of the term ‘derived demand’ as it applies to Strategic Human Resources Planning. (5 marks) Derived demand is the demand for a product/services occurs as a result of a demand for another immediate good or service. When apply this concept on labour demand‚ the more a company’s product or service the market wants‚ the higher the demand for labour to involve in the production process. The essence of strategic human resources planning
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Four Major Types of Agency Budgeting Systems What are the four major types of agency budgeting systems? The four types of agency budgeting systems are capitol budgeting‚ operational budgeting‚ personnel budgeting‚ expendables and accountable. The relative advantage between these is they have a need to be the foundation for the company. These are what help the company as far as pay‚ salary and uniforms. This budgeting system allows for the company to figure out what will be needed to perform certain
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cramped up with single income sources. As discussed in this article‚ few lucky people have managed to utilize easy money saving tips that have enabled them to save money for investments that guarantee a financially stable future. One of the tips is budgeting‚ which acts as a guide in controlling what one spends. Outline what you spend on a monthly basis and correlate the spending with the income you earn. Outline a long term plan on what you want to save in a fixed time frame. This will help you determine
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The Importance of Budgeting Budgeting‚ both as a form of planning and a decision-making tool‚ is vital to a company. It provides a detailed estimate of how the company expects to spend money in the following period. Budgeting helps firms to prepare themselves and make alterations‚ if needed‚ in order to achieve the desired results. Budgets allow firms to better utilize the financial resources available to them. Most companies create their budgets on an annual basis‚ aiming to obtain a more precise
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Finance Department; Output Based Budgeting Vision of Khyber Pakhtunkhwa Attainment of a secure‚ just and prosperous society through socioeconomic and human resource development‚ creation of equal opportunities‚ good governance and optimal utilization of resources in a sustainable manner. Budget Estimates For Service Delivery 2011-14 | Khyber Pakhtunkhwa 2 Finance Department; Output Based Budgeting The secretaries of these departments may be made responsible to brief the cabinet on
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Nutrition Resource Guide 2011 PREFACE To the Servicemember: The nutrition resource guide was developed to provide a compiled list and location of available nutrition resource available to Navy members and their families. Refer to the following resources to assist in improving your personal nutrition. To Fitness Enhancement Participants. This guide is provided to increase your awareness of available resources to assist you with increasing performance and/or achieving a healthy body weight. To the
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Venture Budgeting and Forecasting Paper Resources: Kudler Opening Budget Write a 700- to 900-word paper in APA format in which you do the following: • Illustrate how your venture would perform by estimating the revenue and expense to calculate operating profit or loss. Include estimates of your venture’s main sources of revenue and the expenses expected in the main cost categories such as the cost of goods‚ sales and marketing‚ labor‚ rent‚ maintenance‚ and any other significant expenses
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The budgeting process and the end product‚ the budget‚ comprise two essential elements of multinational management: planning and control. Planning is the primary function of the budgeting process and the result‚ the budget‚ provides the basis for subsequent monitoring and control of activities. For a multinational firm‚ with geographically dispersed subsidiaries to coordinate and control‚ an ineffective planning and control system can be disastrous. For the typical multinational firm‚ the budgeting
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Responsibility Ought to be Considered in Organ Allocation Organ allocation. A process in which someone‚ somewhere decides where to place people on the transplant list. Many factors must be considered as organs are a scarce resource. Such factors must include‚ life style‚ age‚ prognosis‚ other comorbidities and most importantly the cause for the transplant. To explore these ideas‚ I will focus on the Zambrano article introduced in class. In this article‚ the author explores the argument of responsibility
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