References: Ross‚ S.A.‚ Westerfield‚ R.W. and Jaffe‚ J. (2005). Corporate Finance‚ Risk‚ Cost of Capital and Capital Budgeting. (7th Edition). The McGraw-Hill Companies. Ross‚ S.A.‚ Westerfield‚ R.W. and Jaffe‚ J. (2005). Corporate Finance‚ Special Topics. Mergers and Acquisitions. (7th Edition). The McGraw-Hill Companies.
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Tri-Cities Community Bank – A Balanced Scorecard Case By Tom Albright‚ Stan Davis‚ and Aleecia Hibbets Case A. Balanced Scorecard Development Tri-Cities Community Bank (TCCB) is located in the Midwest US and has a total of 10 branches grouped into two divisions‚ the southern division (SD) and the northern division (ND). Each division consists of five branches; each branch employs a branch president‚ branch vice-president/chief loan officer‚ customer service representatives‚ loan
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performance and then take any appropriate corrective actions to secure organizational goals or to provide basis for policy revision. Sometimes the planned targets become difficult to be attained due to uncertainties ie;inflation‚scarcity of materials‚ increasing transport costs‚ natural hazards‚etc.Such uncertainties may enforce an organization to alter or adjust its plans and performance standards.
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Believe me; we can reduce the stress in many forms. Stress is a body sensation that alterate the way we feel physically‚ mentally‚ and emotionality. So‚ Stress appears in everyone. It can come from any situation or though that made you feel frustrate‚ nervous‚ or hopeless. Then‚ stress can be reduced‚ depend how we see it. For example‚ there some ways to reduce stress such as‚ sleeping more‚ taking up a hobby‚ or being organized. First‚ we are sleeping more. An easy way to reduce stress is getting
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expenditures and revenues for the ensuing fiscal year. In modern industrial economies‚ the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard economic growth in certain areas of the economy and because views about priorities in government spending differ widely‚ government budgets are the focus of competing political interests. The budget has been announced with eight major objectives including creating employments‚ maintaining
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Introduction of cash budgeting Cash budget is a inputs and outputs of a business or a individual over a long period of time (e-conomic‚ 2013). A cash budgeting is relate to a organisation’s plan to plan ahead and to plan ahead of the future in a company. It usually expressed it as numbers of cash budgeting. The main objective of preparing cash budget is to ensure that the cash is sufficient for the purpose of capital or revenues expenditure. It is also to have cash in advanced in the case of shortage
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1. Budgeting - An Introduction A budget is a plan that outlines an organizations financial or operational goals. It is an action plan. It helps a business allocate resources‚ evaluate performance‚ and formulate plans. Understanding the importance of budgeting is the first step in successful financial planning. This tutorial introduces budgeting and the 5 most commonly used methods of budgeting 2. Preparing & Controlling a Budget Budgeting is potentially a managers most valuable planning and
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A budget is a plan. Budgeting is generally formalized written documents. Budgeting is the process of developing a plan‚ implementing it and attempting to control outcomes so that they confirm to or exceed the result called for by the plan. Budgeting is an element of cost accounting‚ because mush of planning related to cost the organization expects to incur. 1.1 IMPORTANCE OF BUDGETS Budgeting is important process in organization. A budget process that works
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Target Corporation Capital Expenditure Target’s Capital Expenditure Committee‚ consisting of five top level executives responsible for reviewing all large capital project requests‚ is currently considering 5 projects to add value to the corporation. Their overall goal is to add 100 stores a year‚ while maintaining a positive brand image and watching budget constraints. If the CEC rejects a proposal there are large financial and emotional sunk costs‚ due to the long development process. Each
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