"Under what conditions is a flexible budget more effective than a forecast budget" Essays and Research Papers

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    Capital Budget Mini-Case

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    Your company is thinking about acquiring another corporation. You have two choices; the cost of each choice is $250‚000. You cannot spend more than that‚ so acquiring both corporations is not an option. The following are your critical data: a. Corporation A: 1) Revenues = 100K in year one‚ increasing by 10% each year 2) Expenses = 20K in year one‚ increasing by 15% each year 3) Depreciation Expense = 5K each year 4) Tax Rate = 25%

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    MARKETING COMMUNICATIONS FOR BUSINESS M.SHIHAM GHOUSE STUDENT NUMBER 4343 BOURNEMOUTH STUDENT NUMBER 4345950 BHT 10. MARKETING AND COMMUNICATIONAL PLANNING FOR “THE GARAGE” Contents Page 1. Executive summery........................................................................................ 05 2. Situational analysis 3.1 S.W.O.T analysis....................................................................... 05 3.2 PEST

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    Adlai E. Stevenson High School has a projected budget surplus of three million dollars due to spendings being $117‚500‚000 and money received will be $120‚595‚000 in the school year of 2016-2017. The money the school receives comes from the state‚ property taxes and dues that the parents give the school at the beginning of the year. Stevenson High School spends its surplus money on many different things although the public have many different opinions when it comes to this subject. Heather Jeon ‘19

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    Budget enforcement is a huge aspect of my job. For anyone who has a responsibility in government funds is required to take a fiscal law class. The fiscal law philosophy is: “The established rule is that the expenditure by Congress‚ not that public funds may be expended unless prohibited by Congress United States v. MacCollom (1976)” (Kepplinger). All individual’s that have the responsibility to expend funds have a lawful obligation to spend in the best interests of the government. An individual

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    Among the budget cuts that the city council is considering is a 5 percent reduction in funds for secondary education. As the principal of one of the junior high schools that could be affected‚ Stella is worried. Such a reduction would almost certainly mean teacher layoffs and fewer teachers teaching more students. Currently the school offers basic math and english courses for students on three levels: average‚ below average‚ and above average. However‚ a smaller budget may require offering only two

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    Illustrate the use of budgets as a means of exercising financial control of a selected company In this task I will be explaining what a budget is‚ why it used by companies and I will have to show how it helps a company in controlling its finance. A budget is a plan which predicts how much a company makes in revenues and how much it is going to pay in expenses and so predicts a profit or loss. A budget is can be prepared whenever a company wants two and for however long a period of time it wants

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    Variances Variances can be either: * Positive/favourable (better than expected) or * Adverse/unfavourable ( worse than expected) A favourable variance might mean that: * Costs were lower than expected in the budget‚ or * Revenue/profits were higher than expected By contrast‚ an adverse variance might arise because: * Costs were higher than expected * Revenue/profits were lower than expected What causes budget variance? There are four key reasons and it is important that good

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    Guillermo Furniture Capital Budget Recommendation ACC/543 Professor Deborah Fitzgerald-Thomas University of Phoenix November 08‚ 2010 Abstract Recent changes in the business environments and economy have prompted Guillermo to find different options to invest and stay in business. As a new hire accountant for employer Guillermo Furniture‚ I have analyzed and differentiate capital budge techniques and recommended best suited course of action. Capital Budget Recommendation Guillermo

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    Guillermo Furniture Capital Budget Techniques Overview Guillermo Furniture is a midgrade‚ high-end sofa manufacturing company owned by Guillermo Navallez. Due to an increase in competition Guillermo Furniture has suffered a loss in its yearly sales. Owner Guillermo Navallez is considering changes within the company to make it more competitive and to increase company sales. He is evaluating two different methods of change; one would involve the purchase of expensive hi-tech equipment and the other

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    Indian Budget 2013-14 Highlights Finance minister P Chidambaram on 28th February‚ 2013 presented the Indian Budget which is one of the most highly anticipated Budgets of recent years. Some highlights for Indian Budget 2013-14 and Income Tax Slabs are as: Indian Budget 2013-14 Highlights: 1. As according to Indian Budget 2013-14‚ The Income Tax slabs and Rates not revised. 2. Tax payers have still relief in the first bracket of 2 lakh to 5 lakh. A notional rise in the threshold exemption

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