INSTITUTE OF ACCOUNTANCY ARUSHA (IAA) INDIVIDUAL ASSIGNMENT PROGRAM: BACHELOR IN ECONOMICS AND FINANCE MODULE: DEVELOPMENT ECONOMICS MODULE CODE: EFU 07421 SEMESTER: IV YEAR: 2012/13 DUE DATE: 18th JUNE‚ 2013 MODULE FACILITATOR: WILLSON G. MTETI PARTICIPANTS: PETER‚ ALBERTO | BEF/0142/T.2011 | 0764654962 | peteralberto318@yahoo.com | ANGELLO‚ VALERIUS R. | BEF/0126/T.2011 | 0718027959 | angellovale@ymail.com | MSECHU‚ JERRY F. | BEF/0111/T
Free Poverty Poverty threshold Poverty in the United States
Question One (25 marks) Based on module 7 – Budgeting Retail outlets purchase snowboards from Slopes Ltd.‚ throughout the year. However‚ in anticipation of late summer and early autumn purchases‚ outlets ramp up inventories from January through May. Outlets are billed when boards are ordered. Invoices are payable within 60 days. From past experience‚ Slopes’ accountant projects 20% of invoices are paid in the month invoiced‚ 50% are paid in the following month‚ and 30% of invoices are paid
Premium Cost Variable cost Costs
Contribution Margin and Break Even Analysis. Many factors come into play in determining business success. One of them is the financial factor. For a company to set financial goals it is crucial that its management know in detail the products or services they sale or provide. This is the analysis of two different scenarios at Aunt Connie ’s Cookies Simulation (University of Phoenix‚ 2011) and the financial performance of Jamestown Electric Supply Company (Heiter‚ et. al. 2008). During both analysis
Premium Variable cost Contribution margin Management accounting
Chapter 1 Managerial Accounting‚ the Business Organization‚ and Professional Ethics Management accounting produces information for managers within an organization. Financial accounting produces information for external parties‚ such as stockholders‚ suppliers‚ banks‚ and government regulatory agencies. What kind of accounting information do managers need to achieve their goals and objectives? Good accounting information helps answer three types of questions: 1. Scorecard questions 2. Attention-directing
Premium Management accounting Variable cost Costs
Gordon Bennett’s Triptych: Requiem‚ Of Grandeur‚ Empire (c. 1989) (i.e. TROGE)‚ oil paint and photograph on canvas‚ is a sophisticated artwork worthy of being defined as ‘good’ visual art as it shows “...clear evidence of creativity and intellect to evoke an emotional response in viewers” (Coe‚ 2003; ngv‚ n/a). According to QUT Visual Arts lecturer Charles Robb’s guidelines of ‘good’ art‚ TROGE can be defined as good as it successfully demonstrates refined visual intelligence and contributes to
Premium Art Visual arts
Buss1001 Notes Strategy Strategy acts as a means of achieving a strategic goal through the utilization of internal resources within a business. In accordance to the generic business model‚ the basis of a profit-making businesses goal involves the ability to produce revenue that exceeds the expenses. Therefore‚ the use of business strategy is imperative if a sustainable competitive advantage is to be achieved‚ and profit maximized. Methods of building strategy * Rational approach: strategy
Premium Strategic management Management Marketing
William Nelson Econ 1000 Assignment 2 In the past‚ handheld gaming systems had met consumers’ expectations very well. The vast majority of the handheld gaming industry was divided between Nintendo (Gameboy‚ DS) and Sony (PSP) products. Consumers expected a handheld gaming device to be small and portable‚ run on batteries‚ and play fairly complex games. The handhelds fulfilled these requirements very well‚ and enjoyed high demand because of it. The introduction of smartphones (iPhone‚ Android)
Premium Supply and demand
Chapter 9: Budgeting Discussion Questions 9.1 State the different types of budgets that may be prepared. Different budgets include: sales or fees budget; operating expenses budget; production and inventory budgets; budgeted income; cash budget; budgeted balance sheet; and the capital budget. P9.7 Preparation of receipts from debtors schedule and cash budget Ken Martin‚ manager of Lonnie Car Repairers‚ has requested that you prepare a cash budget for the months of December and
Premium Variable cost Costs Contribution margin
HOW TO DEVELOP A KILLER MARKETING PLAN‚ METHODS USED‚ GENERAL RULES‚ SIX KEY STEPS‚ BUSINESS MODELS AND SAMPLES If you are the founder of a new startup or an existing business it’s highly recommended that you develop a roadmap that will get you from where you are today to where you want to be tomorrow‚ six months from now‚ or a year or longer down the road. The roadmap is a guide to help you overcome roadblocks‚ prevent costly mistakes and eliminate time-consuming detours that can prevent you
Premium Strategic management Marketing Marketing plan
MARGINAL COSTING AS A COSTING SYSTEM Marginal Costing is a type of flexible standard costing that separates fixed costs from proportional costs in relation to the output quantity of the objects. In particular‚ Marginal Costing is a comprehensive and sophisticated method of planning and monitoring costs based on resource drivers. Selecting the resource drivers and separating the costs into fixed and proportional components ensures that cost fluctuations caused by changes in operating levels‚ as
Premium Costs Marginal cost Cost