Introduction A budget is a financial plan and a list of all planned expenses and revenues. It is a plan for saving‚ borrowing and spending. It is also 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. But now-a-days a budget is something more than an estimate of revenue and expenditure. There is no alternative of budget for the implementation of development
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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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units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Rs. Beginning inventory: Direct materials Direct labour Variable factory overhead Fixed factory overhead Total Current period costs: Direct materials Direct labour Variable factory overhead Fixed factory overhead Total Selling and administrative expenses: Variable Fixed Total Instructions: 1. 2. 3. Prepare an income statement based on the variable costing concept. Prepare an income statement
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What relationship exists between Wilde’s ‘The Picture of Dorian Gray’ and Will Self’s recent adaptation‚ and to what extent is Self’s transformation of the original a response to the new social context within which he is writing? The introduction will outline how Wilde’s original version could be read as a story with a moral‚ drawing on the myth of Narcissus and Goethe’s Faust‚ and that on a basic level‚ Self’s text operates in the same way. Referencing Houston A. Baker Junior’s essay “A tragedy
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include among others‚ flexible schedules‚ where they can make other appointments such as meeting the doctor without having to lose their pay. Further‚ salaried employees can work remotely. Salaried employees will be of greater help to the organization. Their job description will be broader‚ and will have to accomplish the whole job‚ with outcomes and goals that are less measurable‚ unlike those of hourly employees. In some instances‚ there could be a conflict of interest between salaried and hourly
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Use of Dummy Variables in Testing for Equality Between Sets of Coefficients in Linear Regressions: A Generalization Author(s): Damodar Gujarati Source: The American Statistician‚ Vol. 24‚ No. 5 (Dec.‚ 1970)‚ pp. 18-22 Published by: American Statistical Association Stable URL: http://www.jstor.org/stable/2682446 . Accessed: 09/07/2013 18:34 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms
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effectively with each of these groups help you to build positive relationship with them? Write your answer on a separate piece of paper. Colleagues Working with other colleague involves team work‚ and it’s essential that you can work well together whilst maintaining a strong professional relationship. If there is bad relationship between colleges it’s likely to affect the service we provide as practitioners. If I have a good relationship I would feel at ease to discuss issues‚ working arrangements
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propelled sales. The automotive industry has grown in the United States from 4192 automobiles on the road in 1900 to 204 million in 2003. In an effort to regain brand loyalty Ford has embarked on an ambitious automotive development process known as flexible manufacturing. In the post 9/11 economy Ford has witnessed five billion dollars in losses per quarter. The company is swimming in debt after their partnership with Mazda and Jaguar and can not afford to lose pace with their competitors. Many Ford
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What is a static budget? A static budget is a budget that does not change as volume changes. If a company’s annual master budget is a static budget‚ the budget for sales commissions expense will be one amount such as $200‚000 for the year. In other words‚ in a static budget the budgeted amount for sales commissions expense will remain at $200‚000 even if the actual sales during the year are $3 million‚ $4 million or $5 million. In contrast to a company’s static master budget‚ the company’s sales
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The case titled The Theatre Budget was a short journal about a frustrated Vice-President of a performing arts theatre that had a Board of Directors more concerned about artistic values than how they would pay the bills. Janet Dobbs was Vice President for Administration and President-elect for this small taxexempt organization called the Greater Euclid Little Theater (GELT). It is obvious in the case that there is a divide between industries; business administration/accounting and the arts. One
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