flexible budget? A flexible budget projects budget data for various levels of activity. The flexible budget is a series of static budgets at different levels of activity. The flexible budget recognizes that the budgetary process is more useful if it is adaptable to changed operation conditions. Flexible budgets can be prepared for each of the types of budgets include in the master budget‚ so depending on your particular business you will have different budgets in your flexible budget. • What
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Budgets provide a means for planning the financial future and play a vital role for planning. Budgets simultaneously make managers construct and implement plans‚ contribute useful information for improved decision making‚ provide a standard to administer performance evaluation‚ and enhance organization and communication. An essential component of the budgeting system is control. Control periodically takes actual results and budgeted results and compares the two. It also allows for managers to
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To run a business needs cash. Cash Budget is a record of cash transactions that comes in and out of the business for a specific period of time. This helps in assessing the entity’s financial health whether there are sufficient cash for operations or too much cash are used. It also serves as a purpose of decision making on what amount of money can be granted to a creditor to avoid any liquidity in the business. Cash budget only records strictly cash movements. For example‚ Depreciation is not
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of preparing a cash budget for the three months of April‚ May and June 20X9. All sales are on credit. The company collects 50% of its sales in the month the sales are made‚ 40% in the month following the sale and 10% in the second month following the sale. 75% of all purchases are paid for in the month they are purchased‚ with the remaining 25% paid for in the following month. The selling expenses are $24‚000 each month. Administrative expenses are $155‚000 per month‚ including $45‚000 of depreciation
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CHAPTER ONE 1. Introduction 1.1 Background of the study Motivation is the willing to exert higher level of effort towards organizational goals conditioned by the ability to satisfy some individual needs (Robbins‚ p168‚ 1998). Understanding individual motivation requires continual updating in order to reflect the most current mix of goals. As people become better educated and economically blessed‚ the traditional carrot and stick policies only scratch the surface. The ever increasing constraints
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Albert D. Conton III 005411079 AMST 360 Film Analysis Break on Through In the 2001 film Legally Blonde many gender stereotypes that have evolved from American popular culture during the last century are portrayed. From the over the top embracement of the girly-girl culture and the expectations of women in America in the 21st century to the time tested typecasting of the males role‚ this movie covers all the bases. Women and men in America have always had to live up to society’s notions
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University Islamabad (2011) Critical Success Factors (CSFs) in ERP Implementation in Pakistan Muhammad Shabbir Hassan International Islamic University Islamabad‚ Pakistan ABSTRACT Organizations need information previously fragmented within its different Information Systems (IS) which are in use in different business areas to be integrated for its timely availability. Enterprise Resource Planning (ERP) systems are capable to automate and integrate the key business processes throughout the
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1984‚ the Haier (pronounced "high-er") Group is China’s largest home appliance manufacturer (Wang and Ong 2007)‚ and the world’s fourth largest white goods manufacturer (Chen 2008). Haier was ranked first among China’s Top 10 Global Brands by the Financial Times in 2005 (Haier’s company facts 2008). It was also ranked 86th among the world’s 500 Most Influential Brands by World Brand Lab in 2006 and is the only Chinese brand to be among the top 100 for three consecutive years. (Haier’s company facts
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this assignment with the following assumption. * That the company does not have accurate budget * That Rada plc have different departments of their business in different area of the world. For an organisation not to have an accurate budgeting is like working without any plan because budget take an important role in the day to day running of a business and also most importantly the future. Budget is important for the following reason * Planning of annual operation * Coordinating the
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Spring break is supposed to be a great time from the second it begins‚ until the second it ends. Now there is always that boring time it takes to get to wherever you may be going no matter how far that may be it is always the least fun of the entire vacation. My last spring break’s car ride happened to be the least fun by far of any trip I have taken up to this point in my life. It all started out not so good before I had even left to pick up my buddies who were riding with me for the trip. My good
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