a. Traditional Budgeting Wildavsky (1978‚ p.502) mentions that "traditional budgeting is annual (repeated yearly) and incremental (departing marginally from the year before)". It is conducted on a cash basis in current dollar. It is also in the form of line-items such as personnel or maintenance. This system is essentially a financial plan of estimated expenditures expressed in terms of kinds and quantities of objects to be bought and the estimated funds needed to finance them during a specified
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CHAPTER 11: THE COST OF CAPITAL LEARNING GOALS: 1. Understand the key assumptions‚ the basic concept and the specific sources of capital associated with the cost of capital. 2. Determine the cost of long-term debt and the cost of preferred stock. 3. Calculate the cost of common stock equity and convert it into the cost of retained earnings and the cost of new issues of common stock. 4. Calculate the weighted average cost of capital (WACC) and discuss alternative weighing schemes
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Chapter 7 Budgeting and Cost Estimation Copyright 2009 John Wiley & Sons‚ Inc. Low Bids If you are bidding on a project‚ do you want your bid to be as low as possible and still make a profit? Accept Low Bid If you are accepting bids on a project‚ do you want to accept the lowest bid? Budgeting A plan for allocating scarce resources to the various endeavors of an organization A budget implies constraints Thus‚ it implies that managers will not get everything they
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IB Math Studies IA Is Capital Punishment a Deterrent? | Murder Rates compared with Execution Rates in Texas‚ and on a National Level | | The United States of America is one of the only democratic countries that still use capital punishment. This has raised a rather extensive debate‚ especially over the last 4 decades. I became interested in this issue in 2011 after the controversy surrounding the execution of Troy Davis‚ and the issue has remained. In my research‚ one argument
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Isok II passed Barangay Appropriation Bill No. 2012-01 with the title An Ordinance Appropriating Funds for Barangay Isok II (Annex A). A barangay budget comprises estimates of income‚ total appropriations covering current operating expenditures‚ and capital outlays. The total amount available for appropriation is PhP 778‚372.00 derived from the estimated income for the budget year. Below is the breakdown of the estimated income: Property Taxes 5‚000.00 Business Taxes and Licenses 2‚400.00 Community
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1. Was Amber’s suggestion that Jerome considers resigning appropriate? Why or why not? I do not believe that Amber’s suggestions to Jerome in resigning were appropriate. She was influencing him to resign indirectly by her suggestions. When Jerome asked what she expected him to do‚ she could have maybe said “think about or let me know what your plans are in going forward?” With amber stating that that he will not be supported by herself and the director‚ she was already letting Jerome aware that even
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requires two or more income sources to survive. This culminates into spending more than the earnings made‚ thus making saving‚ a prerequisite for investing an unachievable dream. However‚ a close look justifies that not all people are cramped up with single income sources. As discussed in this article‚ few lucky people have managed to utilize easy money saving tips that have enabled them to save money for investments that guarantee a financially stable future. One of the tips is budgeting‚ which acts
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seen‚ computers and the internet are becoming a part of daily life day by day and they are becoming more popular. There are two main reasons why computers with their internet quality are becoming increasingly popular. To begin with‚ computers with their internet quality make people’s daily life easier. First‚ thanks to the internet‚ communication is easier and cheaper than the past. In the past‚ when the internet was not widespread as much as today‚ communication was not easy. The only way to speak
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WEIGHTED AVERAGE COST OF CAPITAL FOR DELL COMPUTER 1) From the SEC website‚ the balance sheet of Dell Computer reveals a Book value of debt = $3‚394‚000‚000 and Book value of equity = $4‚625‚000‚000 The same balance shows the breakdown of the long-term debt (book values) in table 1. Table 1 Coupon Rate (%) Maturity Book Value (Face Value in million $) 3.38 06/15/2012 400 4.70 04/15/2013 599 5.63 04/15/2014 500 5.65 04/15/2018 499 5.88 06/15/2019 600 7.10 04/15/2028 396 6
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Check out the seniors discounts that the following popular restaurants around St. Augustine‚ Florida offers: Outback Steakhouse Located at 312 State Road‚ this Australian-themed restaurant offers lunch and dinner daily. They offer AARP members a 15-percent discount every Monday through Thursday. Their menu features sides‚ entrees‚ specials and scrumptious desserts including their signature steak sandwiches‚ wood-fired grilled shrimp and triple-layer carrot cake for two. Village Inn This casual
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