Question 1. Vaughan Speed Clean — budgeting In order to calculate manager’s bonus we need to look at the flexible budget to compare actual profit with budget profit target. Flexible budget Actual Variance Revenue $108‚100 (23 x $10 x 470) $120‚555 $12‚455 F Variable expenses (50% of revenues) 54‚020 60‚277 6‚227 U Fixed expenses 53‚870 55‚000 1‚180 U Total expenses 107‚870 115‚277 7‚457 U Profit $230 $5‚278 $5‚048 F The actual profit meets the budgeted target of $230‚ therefore
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What were the short-term significances of the Crimean War of 1854-1856 in terms of foreign policy? The Crimean War was a momentous event in the amendment of foreign policy. Several short-term significances stemmed from the war shaping Britain’s global position‚ alongside initiating a new aggressive policy led by Palmerston[1] and creating the ‘world power’ ideology. Faults in the military mismanagement‚ and the failure of Aberdeen’s government led to the realization of the need for reform. Depicted
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Analysis of Argentina Balance of Payments The economic situation of Argentina was interesting between 1998 and 2007. However‚ it can be assumed that the worst year of the Argentinean economy was 2002. Before 1998‚ some factors such as a huge debt reaching 55% of the GDP‚ a currency pegged to the US $‚ the “Tequila” crisis in 1995‚ the devaluation of Mexican and Brazilian currencies‚ were responsible of the crisis Firstly we compared trade and GDP‚ to obtain the trade openness ratio. It increased
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MONEY AND BANKING CONTENTS What is MONEY? 3 Characteristics of money 3 Measurements of money 4 Money and the economy 6 Relationship between Prices and Inflation 6 Why Money Supply Matters 7 Banking 8 General History 8 History in United States 8 Banking basics 9 Other Financial Institutions 9 International Banks 10 Structure of banking industry in U.S. 10 Interest Rates 11 Banking Business 11 Liquidity management by banks 11 Multiple Deposit Creation 14 Banking services 16
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5.14 Payment Systems The more cautious companies take themselves online in stages. 1. A start is a simple online catalog‚ from which customers can order by telephone or email. The personal contact fosters confidence‚ and customers can check product details with a knowledgeable salesperson. 2. Then may come a website with page information automatically supplied from a linked database‚ ensuring that stocks‚ prices and specifications remain up to date. 3. Only with online payment does ecommerce
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affected Under Armour since the company’s establishment in 1996. Under Armour is most commonly known for its performance apparel‚ footwear‚ and accessories sold worldwide. Though fairly new‚ Under Armour has increased their stock price by more than 20% in the last three months as stated in‚ “Under Armour Through the Lens of Porter’s Five forces.” After introducing a new footwear collection in 2006‚ Under Armour’s net sales skyrocketed making them a force to be reckoned with. Despite Under Armour’s
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Balance of Payments (BoP) The BoP is a summary statement in which‚ in principle‚ all the transactions of the residents of a nation with the residents of all other nations are recorded during a particular period of time‚ usually a calendar year. These transactions include payments for the country’s exports and imports of goods‚ services‚ financial capital‚ and financial transfers. The BoP accounts summarize international transactions for a specific period‚ usually a year‚ and are prepared in a single
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EMBA Program Department of Banking Faculty of Business Studies University of Dhaka [pic] Date of Submission: 22 March‚ 2009 A TERM PAPER on “International monetary fund” For the Course Foreign Exchange Course No. CB-…… Prepared for Md. Salim Asstt. General Manager BASIC Bank Limited Babu bazaar Br. Dhaka Prepared By Shanto Ahmed
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The Principles of British Foreign Policy Philip Vander Elst The Principles of British Foreign Policy Philip Vander Elst Second Edition © The Bruges Group 2008 ISBN: 978-0-9547087-5-7 Published in February 2008 by The Bruges Group‚ 227 Linen Hall‚ 162-168 Regent Street‚ London W1B 5TB www.brugesgroup.com Bruges Group publications are not intended to represent a corporate view of European and international developments. Contributions are chosen on the basis of their intellectual rigour
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Foreign Aid Cultural Geography Bret Balanky The United States of America is a wealthy nation. We are also a nation that reaches out to the poverty-stricken world‚ lending financial aid in ridiculous amounts to these shambled countries. The burning question of the moment is: how effect is our foreign aid‚ and what can we do to improve its efficiency? The answer is quite a difficult one‚ if it even exists at all. Foreign aid has been lent to these broken countries for over half of a century
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