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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Saturday March 6 2010 How transparent is budget making process? M S Siddiqui The budget reflects the vision and mission of incumbent government. The government leaders usually try to fulfil election pledges through the budget. The budget incorporates the government’s plan to collect resources and use the same to meet the public’s needs. The people have every right to know about the income and expenditure of the government. The openness and transparency of a budget help them to judge whether
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example. If you hang onto a stock that has gone up in value‚ you have what’s known as unrealized gains. Only when you sell the stock you can lock in your gains. Since stock prices fluctuate constantly when the market is open‚ you never really know how much you’re going to make until you sell. The second way is when the company that owns the stock issues dividends - a payout that companies sometimes make to shareholders. ;;;;;;;; hggggggggggggggggggggggggggggg ggggggggggggf f ddddddddddddddddddd
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why Kevar Travel Plc. wished to make its workforce more flexible? (18 marks) There are several possible reasons for why Kevar Travel Plc would benefit from a flexible workforce. Flexible workforces exist when businesses place less reliance upon permanent full-time employees and make greater use of part-time and temporary workers. Implementing a core and peripheral strategy is one way to make the workforce more flexible. This is because it allows them to gain a core of skilled
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Yes‚ I do believe that leaders can be flexible in the way they interact with others‚ or change their behaviors or personalities so to suit the situation. Also‚ they might need to focus on followers needs/behaviors or their level of readiness by changing or shifting behavioral their leadership style. One theory might describe and support this concept is the situational leadership theory which requires leaders to center their leadership style or behaviors according to their followers level. This theory
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. Providing a flexible work environment for employees benefits both the employee’s and employers. Flexibility creates a reduced stress environment‚ this increases productivity‚ loyalty and respect for the employer and management staff. It also allows the employees an opportunity to feel both respected and maintained‚ this increasing all-rounded improvement‚ it will also reduce the likely-hood of individuals resigning. Stress is an important part of the working environment‚ when individuals become
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Subject: Ratio Analysis of Volume Book Distributors Ltd for the Years 2010 And 2011 A. INTRODUCTION The report is based on the company Volume Book Distributors Ltd. Ratio analysis was calculated for Volume Book Distributors Ltd for both the years 2010 and 2011. The ratios comprised of profitability‚ asset utilization and financial stability ratios. The first question consists of Part A‚ which has the Ratio Calculations‚ and Part B which has the Analysis and Interpretation. B. LIMITATIONS
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Journey Is a Person in Itself If I was just lucky enough to somehow stumble upon a one-hundred million dollars fortune‚ it wouldn’t take me long to figure out what I’m going to be doing for the next chapter of my life. I would first grab my The North Face backpack‚ pack it with what appears to be enough for a week long camping trip and hop on the first 1st class out of the country. Just to get my travelling legs back‚ I believe I would first travel to Europe again to revisit some of my favorite
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BUDGET According to CIMA ‚ Official Terminology “A budget is a financial and /or quantitative prepared prior to a defined period of time ‚ of the policy to be pursued during that period for the purpose of attaining a given objective.” In the words of Crown and Howard ‚ “ A budget is a pre- determined statement of management policy during a given period which provides a standard for comparison with the results actually achieved.” BUDGETRY CONTROL Budgetary control is the process of determining
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completely shapes the people within a society. History allows us to understand the change and alteration of how society came to be today. We cannot go without history because we need a basis for how society functions. Additionally‚ Searns expresses that an individual must comprehend how a society functions in order to run their own lives. It seems unbelievable when individuals thinks of how significant history is to their moral understanding. When thinking about the past‚ there are many stories that
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