meaning A budget (from old French bougette‚ purse) is a financial plan and a list of all planned expenses and revenues. It is a plan for saving‚ borrowing and spending.[1] A budget is an important concept in microeconomics‚ which uses a budget line to illustrate the trade-offs between two or more goods. In other terms‚ a budget is an organizational plan stated in monetary terms. In summary‚ the purpose of budgeting is to: 1. Provide a forecast of revenues and expenditures‚ that is‚ construct
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ONE –YEAR INSTITUTIONAL DEVELOPMENT PLAN School Year 2009 – 2010 ADMINISTRATION Programs / Objectives Projects / Activities Performance Indicators Person/s Responsible Time Frame Budget Allocation A. Organizational Development Program 1. Strengthen the management for adequate‚ efficient services rendered to students and faculty 1.1. Annual review of the organizational structure 1.2. Streamline the organizational flow and procedure 1.3. Promote formal and regular evaluation
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KEY TO BUDGET DOCUMENTS BUDGET 2013-2014 1. The Budget documents presented to Parliament comprise‚ besides the Finance Minister’s Budget Speech‚ the following: A. Annual Financial Statement (AFS) B. Demands for Grants (DG) C. Appropriation Bill D. Finance Bill E. Memorandum Explaining the Provisions in the Finance Bill‚ 2013 F. Macro-economic framework for the relevant financial year G. Fiscal Policy Strategy Statement for the financial year H. Medium Term Fiscal Policy Statement I. Medium Term Expenditure
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Total Cost of Ownership: This is defined as the an approach for measuring financial returns which involves consideration of all the additional costs required to support and maintain the item purchased for its full useful life and adding such costs to the purchase price (Reh‚ n.d). Calculating TCO No general formula for calculating TCO exist the general principle is Purchase Costs + All other additional costs. In IT investments some additional costs might be cost of maintenance‚ support costs
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investigation after blasting and calculating the total cost perton ofthe broken rock． Site investigation had shown that the third strategy had overcome the problem of unexploded ANFO．Unexploded ANFO was not seen after the blasting．and also visual inspection showed significant decrease in the number of oversize boulders．Another proper approach to evaluate different strategies is a comparison of unit production costs． The stone-making production line produced by our company can provide you with all-around
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Psychometrics I (PSY - 401) Item Analysis and types of item analysis Item Analysis allows us to observe the characteristics of a particular question (item) and can be used to ensure that questions are of an appropriate standard and select items for test inclusion. Introduction Item Analysis describes the statistical analyses which allow measurement of the effectiveness of individual test items. An understanding of the factors which govern effectiveness (and a means of measuring them) can enable
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Sensitive items are very important when it comes to any solider which is why it is imprtant to always keep track of them and know where they are at all times. You should never leave your sensitive items alone‚ or if you have to‚ have someone in your platoon or team guard them. Always get your stuff back when you are done so you can have accountability. Your sensitive items include alot of things including your weapon‚ night vision goggles‚ spare barrels‚ and anything you will need to correctly perform
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Things to Do” list. Yet each year‚ hospital make substantial investments in developing a comprehensive annual budget‚ spending heavily for specialty software‚ staff overtime and temporary help for data entry. Perhaps even more costly (but less quantifiable) are the countless hours that senior managers‚ accountants‚ financial analysts and department managers spend to prepare‚ revise and consolidate budgets. • We spend more time creating a budget than analyzing it. • The budget bears little or no relation
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WHO JEANS STATIC BUDGET VARIANCE FOR THE MONTH JUST ENDED Income Statement line-item Budgeted amount per unit Static Budget (A) 10‚000 units Actual Results (B) 16‚000 units Static Budget Variance (A) – (B) Revenue Variable costs: Materials Labor Overhead Total Contribution margin Fixed costs: Manufacturing Overhead Marketing costs Total fixed costs Operating
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sensitive items In this RBI I will explain why accountability of your sensitive items is important. To lose a sensitive item can be detrimental to the readiness of your unit in times of war or training. The consequences of losing sensitive items vary from item to item according to its value and importance. In times of war losing a sensitive item such as a loaded SINCGARS radio or an ANCD you have just given your enemy the ability to intercept all secure radio transmissions between any two operators
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