The budget speech for 2013/2014 was given by Finance Minister Pravin Gordhan at the National Assembly in parliament‚ Cape Town on the 27 February 2013. Priorities Infrastructure – the government will over the next 3 years invest R827 billion into building new and upgrading existing infrastructure. Spending plans over the next 3 years include: * R5.2bn is to the local government equitable share * R4.2bn to the provincial government share * R3.2bn to the Passenger Rail Agency of SA
Premium Tax
Retail Marketing‚ budget variance vs. actual for Jun 2011. Sure‚ Let me get my notes out that I had submitted to your group. I emailed you a copy as well with your comments for this review. Did you receive it? Yes‚ I did Ok‚ there were 3 main categories where the variance between actual and budget were the highest. Those categories are Compensation‚ Marketing‚ IT‚ and then we put everything else from your department into other. Correct. I have my notes here when we put the budget together last
Premium Marketing Forecasting Cost
Introduction What Is A Budget? "A budget is a plan." More specifically‚ a budget is a plan of action matched by resources required to implement the plan. Budgets generally divide between two broad categories: the operating budget‚ sometimes known as the "expense" budget and the capital budget. Budget in simple word means a sum of money allocated for a particular purpose. Budget is there in everyone’s life‚ it may be a small or a big one. Budget is a tool which helps in controlling and planning the
Premium Management Cost Costs
BANGLADESH BUDGET Growth: the world economy was close to a collapse due to the recent Global economic crisis. However‚ the global economy has turned around and recovered from recession faster than expected. The process and pace of recovery‚ however‚ varied in different regions of the world. In the recovery process‚ the developing Asian economies made remarkable strides. According to the latest forecast‚ the world economic growth is expected to reach 4.2 percent in 2010 whereas it shrank to
Premium Monetary policy Central bank Macroeconomics
Cost as % Sales 61.81% 66.92% 100.52% 78.16% Profit $117‚905.84 $60‚789.37 ($1‚646.08) $177‚049.12 Profit Margin 38.19% 33.08% -0.52% 21.84% Note: For detailed calculations please reference attached document. 2) Define action steps for Blue Ridge based on the analysis: The above customer profitability analysis indicates that the small customers have a negative profit margin. As this specific customer base accounts for 40% of Blue Ridges total sales volume we recommend the following action steps
Premium Profit Costs Customer service
TOPIC 7 cont.: ACCOUNTING FOR SHORT-TERM MANAGEMENT PLANNING Lecture Illustration CASH FLOWS Oz designs is in the process 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
Premium Generally Accepted Accounting Principles Expense Depreciation
responsibility of the finance manager to evaluate these projects through the capital budgeting process which involves evaluating each project for its profitability‚ eliminating the ones that are not profitable‚ and prioritizing the profitable ones based on the company’s available resources and requirements. The finance manager needs to follow a consistent process and exercise caution while making capital budgeting decisions‚ as they involves huge cost‚ and can significantly impact the shareholder
Premium Capital budgeting Corporate finance Investment
December 1‚ 2013 Fundraising Budget The project at hand consists of selling cookies for five weekends at the team’s home games. The cookies will be baked in the school cafeteria and there will be paid laborers to clean up the kitchen after completion. The goal is to bake 12‚000 cookies in order to have 500 packages consisting of 24 cookies in each package. The way the recipe is‚ each batch will make about 2 packages which means‚ at least 250 batches must be made to meet the goal. In order
Premium Sales Price Costs
Contributions of Activity-Based Costing (ABC) to the Modern Business Environment In the increasingly competitive business environment‚ the enterprises who intend to maintain and enhance competitive advantages must build an efficient costing system to control‚ plan and decide how to improve the profitability and efficiency of the operation. Activity-based costing system (ABC) is such an advanced costing system that satisfies the needs of companies in modern business environment. This essay gives
Premium Costs Cost Variable cost
flows from sellers to end-users (customers). Traditional brink and mortar marketing channels can include intermediaries such as manufacturers’ agents‚ wholesalers‚ and retailers. Members of a traditional distribution channel can be responsible for activities such as transportation‚ promoting‚ sorting‚ order processing‚ inventory management‚ insurance‚ and financing (Finch‚ 2012). All of these members of the distribution chain must be compensated for their services which not only diminish profits to
Premium Marketing Investment