The Public Budget Cycle of the Bureau of Prisons Name: Institution Affiliation: Course: Date: The bureau of prisons is a program that was established in 1930. Its main purpose was to offer inmates in federal prisons more progressive and humane care. As an agency of the Department of Justice‚ it has the sole purpose of confining offenders and facilitating their correction. Ultimately‚ this results in the agency protecting the society. (Behren & Korfona‚ 2002) However‚ the agency faces certain
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Memorandum To: Mr. Burns‚ Monty Burns and Company Accounting Firm From: CPA Date: October 1‚ 2012 Subject: Personal Budget‚ Balance Sheet and Cash Flow Statement When one examines financial success for an individual or business what are the attributes does one inspect? Would you look at the individual’s or businesses’ gross income? Perhaps one can examine the educational level of the individuals to determine their financial success? Or maybe it is the individual’s drive and risk appetite
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Sponge Characteristics Kingdom Animalia Phylum porifera Multicellular Eukaryotic Simplest animals All aquatic Can be found in many colors and shapes Most are filter feeders Filter feeders- eat by straining particles from the water Do not have tissues Lack muscle and nerve cells Sessile- unable to move from where they are attatched Secrete roxing to: 1. Prevent other sponges from growing in their area 2. Protection from predators and paracites Sponge reproduction Reproduce both sexually and asexually
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BUDGET PROCESS The budget combined with individual objectives or targets provides the basis on which employees need to be motivated and stretched. In the absence of such a structure‚ spending may become higher than necessary and the extra effort required to help bring in the required revenue may not be made. As the budget can be seen as a constraint on a department’s or an individual’s activities‚ it may not always be warmly embraced. Therefore the motivational aspect needs to be carefully managed
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Case 10-8 Ellie Enterprises An investment that is not one of the three traditional asset types such as stocks‚ bond and cash are considered as an alternative investment. “These types of investments include hedge funds‚ managed futures‚ real estate‚ commodities and derivative contracts.” (www.investopedia.com). These are subject to less regulation and use leverage and derivative instruments to optimize their returns. “In spite of many pensions and private endowments beginning to invest in these
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Budget Deficit For many decades‚ there has been a concern for the deficit within the United States. Many politicians‚ authors‚ newscasters‚ and citizens have expressed their distress in order to resolve or control the issue. Keynesian economic theory states that running a budget deficit is okay‚ as long as the deficit is not exorbitantly large and is not carried for a long period of time. Even though many experts agree with this notion‚ having a deficit at all is important to the present and
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ADMINISTERING THE BUDGET A budget is a written financial plan for business operations developed for a specific period of time. Budgets are often developed for six months or a year but can cover a longer or shorter time period depending on the type of budget and the nature of the business. Because a budget is an estimate of what might happen‚ it usually cannot be followed exactly. Staying close to the amount budgeted is desirable. However‚ for various reasons beyond the control of managers‚ actual
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year as: September (actual) $70‚000 Fourth Quarter October $60‚000 November 55‚000 December 80‚000 Schedule of cash receipts (LO2) Experience has shown that 30 percent of sales are collected in the month of sale‚ 60 percent in the following month‚ and 10 percent are never collected. Prepare a schedule of cash receipts for J. Lo’s Clothiers covering the fourth quarter (October through December). Solution: J. Lo’s Clothiers September October November December Credit sales $70‚000 $60‚000 $55‚000 $80
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Case Title: Milliones Manufacturing Company I. Point of View The president II. Time Frame Three months III. Statement of the problem There is a 5 day lag between the time the company shipped an order and the time invoice of the order went into the mail. And this lag results for the delay of the costumer’s payments‚ thus slowing down collection of receivables. IV. Statement of objective The objective is to clear the bottleneck that result to unproductive
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The Advantages and Disadvantages of 7 Days Inn As a typical budget hotel‚ Seven Days Group Holdings Limited established in 2005 and now‚ more than 1000 Seven Days Inn have scattered all around the China (Zhang‚ 2012). I registered to be a member of 7 Days Inn two years age‚ and have already lodged in three branch stores in different cities during my travels. Budget hotels are considered as 1 star hotel because they provide lodging at cheaper price varies from 30$-40$ per room per night. The main
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