Chapter 07 … Master Budgets and Performance Planning 1. A budget is a formal statement of future plans‚ usually expressed in monetary terms. 2. Continuous budgeting is the practice of preparing a new budget for a selected number of future periods and revising those budgets as each period is completed. 3. Budget preparation is best determined in a top-down managerial approach. 4. The master budget consists of three major groups of budget components: the operating budgets
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E 12-1: (a) 10‚ 13‚ 15‚ 16‚ 17‚ 19‚ 23 (b) 1. Long-term investments in the balance sheet. 2. Property‚ plant‚ and equipment in the balance sheet. 3. Research and development expense in the income statement. 4. Current asset (prepaid rent) in the balance sheet. 5. Property‚ plant‚ and equipment in the balance sheet. 6. Research and development expense in the income statement. 7. Charge as expense in the income statement. 8. Operating losses in the income statement. 9. Charge as expense in
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13.12 The imputed interest rate is the rate of return that the firm expects of its investments. It can be a required rate of return or can be based on organisation’s cost of capital. The weighted average cost of capital is the overall required return on the firm as a whole and‚ as such‚ it is often used internally by company directors to determine the economic feasibility of expansionary opportunities and mergers. It is the appropriate discount rate to use for cash flows with risk that is similar
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Submitted by: Weslie L. Villejo‚ TCDP1 Submitted to: Mr. Baylon 5-29. 10.30% firm 12.75% bank 2.45% increase 5-30. a. 25 60.18 Erika 85.18 25 19.23 Kitty 44.23 b. ($2‚985.06) c. I think its rational because the mutual funds are invested in high quality bonds which reaps a sure 6% per year interest. On the other hand‚ the 20% average per year interest on the newly issued bio-tech stocks are somehow a bit
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MEC 290 Problem Set #5 –due 4/1/2013 1 Problems 1. Consider the following production function‚ f (L; K) = p L+ 1p K‚ 3 where L is the quantity of labor‚ K is the quantity of capital‚ the wage rate is w; and the capital rental rate is r. (a) Compute the M RT SLK : Assume K = 81 and L = 25: Display the M RT SLK on the implied isoquant. (b) Does this production function display‚ decreasing‚ constant or increasing returns to scale? (c) (Short run) Suppose that the …rm has a binding agreement
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Homework 2 Solution 1. Consider the diagram of the electronic system‚ which shows the probabilities of the system components operating properly. The entire system operates if assembly III and at least one of the components in each of assemblies I and II operates. Assume that the components of each assembly operate independently and that the assemblies operate independently. What is the probability that the entire system operates? 0.9 0.9 0.8 0.8 0.7 I II III 0.95 Solution: P = [1-(1-0.9)*(1-0
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SOPHYRA SOKHAN ESL 029 Harrisburg Area Community College Elizabeth P. Barnes My Personal Life General Idea about life: People throughout the world have different lifestyles. Living standard is so dramatically different from country to country. It means that the way of living is not really similar in comparison. Some people are living in a very poor situation while other people are living in a good situation or in a privileged family. About Author: To begin with‚ I would
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You should do your own homework. Copying someone else is illegal‚ and you can get a failing grade or even be kicked out of school. If you cheat on your job‚ you can be fired or arrested and put into jail; the government will certainly find you if you cheat on your taxes! Copying someone else’s homework also means that you never learn how to do that work for yourself‚ so when you need the information later (let’s say the teacher actually gives you a test on it where you can’t copy!) then you don’t
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Homework On National Income Answer Sketch for Selected Questions Dr. Patrick Toche April 2‚ 2011 1 Reference : Mankiw‚ Mankiw‚ Macro (7th)‚ Chapter 2‚ Problem 4. Suppose a woman marries her butler. After they are married‚ her husband continues to wait on her as before‚ and she continues to support him as before (but as a husband rather than as an employee). How does the marriage affect GDP ? What is your reaction to this ? Hints : GDP is a measure of recorded transactions only‚ not
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Brody Contreras 4/16/13 The Road Homework Annotation Guide: 1. I agree. If modern civilization were to end‚ I think that man kind would slowly die away after it’s fall because modern man is not capable of surviving the harsh Environment of the world. We will especially fall due to the lack of resources and will kill each other off for food. 2. I disagree strongly. Many people are evil people because they enjoy bringing pain to others and are selfish‚ thus worrying about only their
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