Retained earnings 30‚650 a. The gross margin is 30% of sales. b. Actual and budgeted sales data are as follows: December (actual) $ 67‚000 January $ 76‚000 February $ 87‚000 March $ 92‚000 April $ 62‚000 c. Sales are 40% for cash and 60% on credit. Credit sales are collected in the month following sale. The accounts receivable at December 31 are the result of December credit sales. d. Each month’s ending inventory should equal 20% of the following month’s budgeted
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During the 1320s and 30s‚ the king’s revenues – and with that‚ his power over the whole country – had been turned over to foreign‚ in particular Holstein‚ princes as well as the Swedish king. The pawned revenues functioned as security for large amounts that were in part lent to finance the Crown’s failed policies‚ and was partly the result of political blackmail. In actuality‚ these so-called pledgees held all the castles of the kingdom‚ and therefore had the physical power in the country while at
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Key Budget Elements to Support the Implementation of a Strategic Plan (Part III: Financial Plan) This budget is established to accomplish the underlying vision and goals driving and directing the Rapha Assisted Living. The goals and objectives determined in the three year strategic plan indicate the long and short term needs of Rapha and updates the capital facility strategies that are indispensable to the annual operating budget process. Hence‚ Rapha is relying on the sound and measured revenue
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Chapter 4 The Period of Enlightenment (1872-1898) Historical Background After 300 years of passivity under Spanish rule‚ the Filipino spirit reawakened when the 3 priests Gomez‚ Burgos and Zamora were guillotined without sufficient evidence of guilt. This occurred on the 17th of February. This was buttressed with the spirit of liberalism when the Philippines opened its doors to world trade and with the coming of a liberal leader in the person of Governor Carlos Maria de la Torre. The Spaniards
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Excessive Borrowing: Our Federal Government ’s Budget Deficit Maria comes home one day earlier than usual. Her family‚ two daughters of age five and eight and a stay-at-home husband‚ is surprised to see her so early and unexpectedly. The tired look on her face reveals the experience she had at work. She brings out a sluggish smile as her daughters rush up to greet her with their warm embraces‚ reminding her of the happiness they constantly provide but also saddened by their questionable future
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Life as a Master Cosmetologist Anitra R. Bankston Strayer University Abstract What is a master cosmetologist? A master cosmetologist is an individual that has knowledge and skills in the field of cosmetology through advanced education. Cosmetology is defined as the art and science of beautifying and improving skin‚ hair‚ and nails. (Houghton Mifflin‚ 2009) In order to obtain the title master cosmetologist certain requirements must be met. A master cosmetologist may provide beauty services
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The Effects of Budget Cuts on Students and Teachers COM 172 March 28‚ 2012 The Effects of Budget Cuts on Students and Teachers Drastic cuts in Florida’s educational system are in resulting increasing class sizes‚ the elimination of music‚ art‚ and other elective classes‚ the significant reduction in extracurricular activities‚ and a diminished ability to provide incentives for teachers to continue teaching. The effect of these changes will be a long term negative impact on teacher’s
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management is to meet the total financial needs of the organization. Budgeting: is the planning function of financial management. The budget translates operational plans into monetary terms. Budget: is defined as "a written financial plan aimed at controlling the allocation of resources" - Or "a statement of expected expenses and revenues over a specific period of time". Expenses: are defined as "the costs or prices of activities undertaken in the organization’s operations". Revenues:
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SPIN MASTER TOYS CASE OF STUDY Question 1: In order to evaluate the two manufacturers Wai Lung (WL) and Wah Shing (WS)‚ we use the weighted point method. (Trent p.24). The advantages of this methodology include the ability for the firm to include numerous evaluation factors and assign them weights according to the organization’s needs. (Khaled‚ Sanjoy p.3). We allocate an amount of “weight” to the different criteria based on importance. We choose the following criteria to select the supplier:
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6. Budget : A budget is a financial document used to project future income and expenses. The budgeting process may be carried out by individuals or by companies to estimate whether the person/company can continue to operate with its projected income and expenses. A budget may be prepared simply using paper and pencil‚ or on computer using a spreadsheet program like Excel‚ or with a financial application like Quicken or QuickBooks. The process for preparing a monthly budget includes: • Listing
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