SMALL BUSINESS ADMINISTRATION A small business is the one that is operated and owned independently by an individual. It comes under the private sector and is not owned by the public. According to the traditional definition‚ a business is considered small if it employs less than 20 people. Small businesses play an important role in the economy of the country. It represents 99.7% of all the employment firms. It generates new employment opportunities for the people and according to SBA (Small Business
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Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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Problem Set - Small Molecules (Campbell Chapters 2 and 3) 1. What are the SPONCH elements and what is common among these elements that make them suitable for life? State the four most frequently occurring of the SPONCH elements. Which of the SPONCH elements is found in each of the large biomolecules (carbohydrates‚ proteins‚ lipids‚ nucleic acids). The SPONCH elements are Sulfur‚ Phosphorus‚ Oxygen‚ Nitrogen‚ Carbon and Hydrogen. These are the five key elements that compose living
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supplier must ensure that all parts are within tolerance before shipment to the customer‚ what is the effect on the cost of quality to the customer? Cost of quality is the cost associated with the quality of a work product. As defined by Crosby in his "Quality Is Free"‚ Cost Of Quality (COQ) has two main components: Cost Of Conformance and *Cost Of Non-Conformance. Another view is that cost of quality is the amount of money a business loses because its product or service is not done right in the first
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Name: Class: Cost Accounting Date: 02.12.2012 Quiz 5 1) Absorption costing: A) expenses marketing costs as cost of goods sold B) treats direct manufacturing costs as a period cost C) includes fixed manufacturing overhead as an inventoriable cost D) is required for internal reports to managers 2) Variable costing: A) expenses administrative costs as cost of goods sold B) treats direct manufacturing costs as a product cost C) includes fixed manufacturing overhead as an inventoriable
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Table of Contents Find out the company’s vision statement. ……………………………………………. PAGE 1 What is the company’s mission statement? …………………………………………....PAGE 1 What products/services does the company offer? ……………………………………..PAGE 1 What price do customers pay for products and services? ……………………………...PAGE 2-3 Who are the consumers segments being served? ………………………………………PAGE 3 How are these products or/and services delivered to the customers? ………………….PAGE 4 Kinds of advertising/promotional activities
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Cost of Capital Firms need to make capital investment i.e.‚ purchasing fixed assets such as factories‚ machineries‚ equipment‚ etc. After deciding what capital investments to make‚ they need to decide on the financing – sources of capital. The sources: Long-Term Debt‚ Common Stock‚ Preferred Stock and Retained Earnings. Then they need to find the cost of obtaining each source of financing today (not historical). Cost of Capital - The rate of return that a firm must earn on its investment
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than the cost of capital. The cost of capital is the rate of return that capital could be expected to earn in an alternative investment of equivalent risk. If a project is of similar risk to a company’s average business activities it is reasonable to use the company’s average cost of capital as a basis for the evaluation. A company’s securities typically include both debt and equity‚ one must therefore calculate both the cost of debt and the cost of equity to determine a company’s cost of capital
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Procedure for Cost Control | | | Table of Contents 1. Purpose 2. General 3. Responsibilities 4. Procedure 5. Flowchart 6. References 7. Attachments 1. PurposeTo establish a system whereby developments which affect the costs of the project are timely reported‚ thereby allowing for corrective action when adverse trends are detected‚ and to inform about funding requirements for the execution of the project.To establish a procedure to control flow of information which affects
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into economic goods. This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of starting new businesses (referred as startup company); however‚ in recent years‚ the term has been extended to include social and political forms of entrepreneurial
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