BUDGETARY CONTROL Budget is a plan which is expressed in terms of definite members: Eg. of a plan – Production has to be increased in the next quarter Eg. of a budget – Production has to improve by 10000 units from the last quarter to the next quarter. Definitions: According to ICMA “budget is a financial & / quantitative statements‚ prepared & approved prior to a defined period of time of the policy to be pursued during that period for the purpose of attaining a given objective. They may
Premium Variable cost Costs Budget
CASE ANALYSIS JOHN DAWSON 1. Decision problem. What alternative should choose Mr. Dawson? 2. Research problem. Assessing the demand‚ people involved and their respective offerings. 3. ANALYSIS OF ACTORS 4.1. MR. DAWSON * Professor of history at Riverdale (A 48.2803 32.1868 km of Boylston and Shafersville miles) * You wish to withdraw. * He is 55 years old. * It is now in an age when he should not engage in any business. * Want to have your own business. * Wants to engage
Premium Fixed cost Variable cost Total cost
Ussher claimed in The Annal of the World‚ according to the bible the Earth was 6000 years old because the “…true Nativity of our Savior was full four years before the beginning of the vulgar Christian era‚ as demonstrable by the time of Herod’s death.” According to the bible‚ “ the building of Solomon’s Temple was finished in the
Premium Evolution Charles Darwin Natural selection
Liability- Compensated future absences 6k Explanation: Wages expense (increases wages expense to $410k= $6k Liability- compensated future absences (404k – 4k)= $400k non-vacation wages X 1/40 = $10k vacation pay earned - ($4k) vacation time taken = $6000 vacation pay carried over --------------------------------------- Cupola Awning Corporation introduced a new line of commercial awnings in 2013 that carry a two-year warranty against manufacturer’s defects. Based on their experience with previous
Premium Inventory Balance sheet 2007
Assignment No. 1 Problem No. – 1 From the following transactions find out which two accounted‚ types of Accounts‚ Debited/Credited & Reason for Debit or Credit. 1) Mehta started business with Rs. 8000. 2) Purchased goods for cash Rs. 2800. 3) Purchased furniture from Godrej Company Rs. 1000 for cash. 4) Sold goods to Babubhai on credit Rs. 700. 5) Paid for postage stamps purchased Rs. 30. 6) Sold goods to Nanabhai for cash Rs. 400. 7) Paid to Navakal Rs. 500 for Advertisement. 8) Paid to
Premium Balance sheet Bank Cash
Etiquette for Cell Phone Use (Exercise 1.23) Groups 1 and 2: Do the same assignment independently. Asmt. 2: Text-messaging in 6000 languages? Text-messaging is slow and tedious‚ hence not used much‚ without predictive software that reduces the number of key taps needed to enter a word. Predictive software is currently available for about 80 of the world’s more than 6000 languages. In some countries where texting the country’s language is cumbersome‚ people text in English. Group 3: Will most of
Premium Transition metal Group
PROBLEM 1 1) Radio Newspaper Min/Max Cost 400 600 7200 Max Min 1 1 15 Min Max 1 1 19 Max At least 2R 1 1 Min At least 2N 1 2 Min N ≤ 1.25R Objective: 20 (2000) 5 (6000) R = # Radio ads N = # Newspaper ads Therefore A= .20(2000) R + .5(6000) N Constraints 400 R + 600N ≤ 7200 R + N ≥ 15 R + N ≤ 19 R ≥ 2 N ≥ 2 R‚ N ≥ 0 1.25 R – N ≥ 0 2) 400R+ 600N ≤ 7200 (4R + 6N ≤ 72) R= (0‚ 18) N= (12‚ 0) R
Premium Optimization
gets pretty cold in the winter‚ but not cold enough to snow‚ so Florida is perfect for my dream house. It is beautiful and tropical there almost all of the time. Another important aspect of my dream house is the exterior design. My house will be 6000 square feet with a 15 acre yard. It will be a two story white house with a porch that wraps all the way around it on both floors. Blue shutters will accompany the sides of every window and the front porch will have a swing and old white rocking chairs
Premium Rooms White House Yard
Money is not a prerequisite for joy Is wealthy country equal to happy country? The answer is definitely not. According to the “Gross National Happiness”(GNH) index‚ economic wellness is only one of the components which contribute the the GNH index. As the happiest nation in the world‚ Bhutan’s Gross National product is just $1400USD per capita‚ but they have the sense the contentment‚ thats why the Kingdom of Bhutan can become the happiest country.Obviously‚ money is not the prerequisite for joy
Premium Happiness
Transactions Accounting Principles General Journal Cash Account Purchases ledger Sales ledger General ledger Trail Balance Jan 1 Started business by borrowing a loan of $50 000 from the Centrex Commercial Bank which was invested into the business along with his personal savings of $50 000. The loan carries an interest rate of 12% per annum. The following transactions took place during the year. 1 Purchased the following assets and paid for them by cash: Furniture and Fittings
Premium Generally Accepted Accounting Principles Accounts receivable Invoice