Allocate Resources and Develop Budgets The resource allocation and budgeting process is one of the most powerful stages of planning. Resource allocation refers to the distribution of resources‚ and in particular finance‚ from the center to peripheral (outer) levels. Budgeting implies the more detailed determination of precisely how these funds are to be used. - Managers allocate resources to carry out the plan such as o Money o People o Materials o Equipment and o Time - Sales budget is
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Cost allocation for indirect costs Cost Pool – Set of costs that are added together before being allocated to cost objects on some common basis Cost Driver/ Allocation base Cost Object Cost Driver Rate = Total Costs in Pool/ Total Quantity of Driver Where total quantity of driver = practical capacity of driver Cost of excess capacity = Cost Driver Rate * Excess capacity Predetermined overhead rate - cost per unit of the allocation base used to charge overhead to products. Predetermined
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Name: Su Zhelong UtasNum: 144362 SOUNum: 0991340 Word Count: 1846 KGA 378 Long Essay: Pressures‚ Problems and Prospects of the Chongming Dontan Ramsar Site I. Introduction From the pre-industrial period to post-industrial period‚ the problems caused by environment deterioration always come with the great economic growth and significant technical promotion. To equilibrate social development and environmental health puzzles people all over the world at present while poverty still affect
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The Evolution of the Constitution American federalism has changed drastically since its genesis. In 1776 the thirteen colonies adopted the Articles of Confederation in order to coordinate their efforts in the war for independence. The Articles of Confederation bound the states together in two main aspects; foreign and military affairs. The Articles of Confederation worked well while all the states had a common cause. However‚ as soon as the war ended and interests began to change‚ it became obvious
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Cooperative federalism is a concept of federalism in which nation‚ state‚ and local governments interact cooperatively. Although president Obama may be criticized for decisions he has made‚ I believe he should be awarded for many of the positive things he has done for our country. Cooperative Federalism would be the Children’s Health Insurance Program‚ in which president Obama has put into place which it provides health coverage to nearly 8 million children in families with incomes too high to qualify
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The Problems and Prospect of Ship Breaking Industry in Bangladesh: An Overview Presented by Iftekhar Uddin Chowdhury‚ PhD Professor of Sociology University of Chittagong Bangladesh Introduction • • • • Turn discarded ships into scrap Corrosive‚ noisy and dusty in nature Terrible working conditions Environment pollution due to emission of toxic and pollutant gases • Employment generation (about two hundred thousand workers) • Provide 70% raw materials for MS Rod • About
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Fiscal Policy Fiscal Policy is a macroeconomic (influencing the whole economy) policy that can influence resource allocation‚ redistribute income and reduce the fluctuations of the business cycle. Government’s policy What is the expected outcome for the 2012-13 Budget? Give a brief explanation. 1.5 billion dollar surplus; from deficit to surplus. They are using contraction Fiscal policy. What is the expected outcome for the 2012-13 Budget? Give a brief explanation. 1.5 billion dollar surplus;
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In economics‚ fiscal policy is the use of government expenditure and revenue collection (taxation) to influence the economy.[1] Fiscal policy can be contrasted with the other main type of macroeconomic policy‚ monetary policy‚ which attempts to stabilize the economy by controlling interest rates and the money supply. The two main instruments of fiscal policy are government expenditure and taxation. Changes in the level and composition of taxation and government spending can impact on the following
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Revenue-Recognition Problems in the Communications Equipment Industry 1) In late 2000‚ Lucent announced that revenues would be adjusted downwards by $679m as a result of revenue recognition problems. Yet the firm’s market capitalization plummeted by $24.7bn. Why do you think the market reacted so negatively to Lucent’s announcements of the problems? The large drop in market capitalization is probably due to several factors. Historically‚ Lucent had successfully met analysts’ projections for
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Assignment -IV Review of current Fiscal and Monetary policies in Nepal The bank has been formulating and publicly announcing monetary policy on an annual basis since 2002/03 with the major objectives of maintaining price stability and external as well as financial sector stability and to create a favorable environment for high and sustainable economic growth as directed by NRB Act‚ 2002. Narrowing down of current account deficit for the improvement of export and remittances inflow had resulted
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