What is a static budget? A static budget is a budget that does not change as volume changes. If a company’s annual master budget is a static budget‚ the budget for sales commissions expense will be one amount such as $200‚000 for the year. In other words‚ in a static budget the budgeted amount for sales commissions expense will remain at $200‚000 even if the actual sales during the year are $3 million‚ $4 million or $5 million. In contrast to a company’s static master budget‚ the company’s sales
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Budgets serve five main purposes; planning‚ facilitating communication and coordination‚ allocating resources‚ controlling profits and operations and evaluating performance and providing incentives. The budgeting process requires both technical and interpersonal leadership skills to achieve each of these purposes effectively. The director’s memo demonstrates several short comings in the budgeting process. The director instituted the “responsibility accounting system” as a means of evaluating performance
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High Costs for Cutting Education: Opposing the CSU Budget Cuts I. Introduction It is no secret that California’s state university system is facing cuts across the board as a result of tough economic times. Those who approve of these cuts have valid arguments but fail to look at the negative results from lowering funds for higher education. There will be an increase in people within the lower income earners as a result of these cuts. High school graduates with the potential to attend a university
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At first glance‚ the budget hotel sector1 looks promising over the long term. It offers a reliable value proposition: a clean‚ dependable‚ inexpensive place to stay for business people and tourists. These hotels offer better facilities than most one to two star hotels or guesthouses in many cities and districts where previously the economy hotel experience could best be described as uncomfortable –all at a similar price level. There is also the potential
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The Importance of Having a Budget Having a budget is not a choice but a necessity. It is important for everyone to have a budget in order to balance the amount of income with expenditure. Having a budget can help us plan our finances. With a financial plan‚ we will know where the money we have goes to. It is essential for us to be able to take control over our money and not have our money control us. Therefore‚ we must be able to decide how we should spend and save our money no matter how much
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India “Democracy is the art and science of mobilizing the entire physical‚ economic and spiritual resources of various sections of the people in the service of the common good of all.” Mahatma Gandhi BUDGET 2009-10 July 6‚ 2009 1 http://indiabudget.nic.in Key Features of Budget 2009-2010 CHALLENGES ! ! ! to lead economy to high GDP growth rate of 9 per cent per annum at the earliest to deepen and broaden the agenda for inclusive development to improve delivery mechanisms of the government
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1. What is the Documentary Theory? The Document theory according to Oswald T. Allis comprised of four main areas of high criticism and rationalization. The also lead to the enlightenment. They consisted of: “ The Variations in the Divine Names in Genesis; The Secondary Variations in Diction and Style; The Parallel or Duplicate Accounts (Doublets); The Continuity of the Various Sources. The theory basically tries to debunks Moses as being the author of Genesis through rationalization and
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Patrick Jones Hea 110-3D2 Chapter Response 4/5 Is it possible to meet nutritional requirements on a limited budget? Have you ever been in this situation? What would you recommend to someone who wants to eat healthfully on $50 per week? Many families and people are facing economic struggles and it shows with the food that they eat on a daily basis. From personal experience I heard many people say that they eat what they can afford and what they can afford is not healthy. Healthy food in
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UNION BUDGET 2012-2013 ANALYSIS SAJILAL.N.S Roll No: 8‚ SIES EMBA 2012 CONTENTS Overview of Indian Economy Approach to Budget Key Attributes of 2012-2013 Budget Challenges Going Forward OVER VIEW OF INDIAN ECONOMY The Indian economy had left behind the low-growth track of the early 1980s‚ following the bold economic reforms initiated in 1991-93. India began to appear as a significant player in the global economy. India’s exports began to climb‚ its foreign
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Although the asbestos removal is uncertain for now‚ asset retirement obligations should still be recorded. ASC 410-20-25-15 states that even when the asset has a low likelihood of removal‚ it still requires the recognition of a liability. The uncertainty can affect the calculation of the liability‚ but not whether or not the liability should be recorded. Analysis
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