in one way or another the company’s budgeting process; and • Previous budgets and comparisons with actual performance. The following factors from the external environment can be used: • Trends in the market where the company operates; • Existing economic conditions and issues; • Competition; and • Environmental factors, such as weather conditions. Step 1: Establish standards for selling price, variable expenses, and marginal contribution per gallon. The company’s accounting
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Cell: (678) 227-9497 Email: lgsalmon@hotmail.com BACKGROUND SUMMARY Accounting and Financial professional with considerable experience in various ERP Systems. Very proficient in the GL, AP, AR, AM and eProcurement modules of PeopleSoft. Advanced skills in Financial, Accounting and business Analyses Experienced in Tier 2 support of PeopleSoft, Blackbaud Financial Edge, Concur, AP Secure and PaperSave applications. PROFESSIONAL EXPERIENCE S.P. RICHARDS, (Subsidiary of Genuine Parts)
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bibliographical references and index. ISBN 1-58053-265-9 (alk. paper) 1. Engineering—Management. 2. Technology—Management. I. Title. II. Series. TA190 .D47 2002 620’.0068—dc21 2002074491 British Library Cataloguing in Publication Data Dhillon, B. S. Engineering and technology management tools and applications. (Artech House technology management and professional development library) 1. Engineering—Management 2. Technology—Management I. Title 620’ . 0068 ISBN 1-58053-265-9 Cover design by Igor Valdman
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accounting system in which all overhead was allocated to product based on direct labor dollars. The controller had already recommended to the company president that they might consider a more modern cost accounting system with a somewhat more-refined allocation system, using material cost and machine hours to allocate overhead related to material receiving and handling. A third possible system in which overhead would be allocated based on transactions (an activity-based costing system, or ABC system) is
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(1) the company’s ability to make money, profitability; (2) the company’s ability to pay it’s bills, liquidity (http://www.ehow.com/how_2317586_improve-liquidity.html), and in the meet long-term financial obligations and business longevity, solvency (http://www.ehow.com/info_8752952_solvency-accounting.html). Banks pay close attention to borrowing liabilities before granting a loan to evaluate the how much the company owes and who the existing creditors are. Liability trends are gauged to ensure the
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The Implications of Risk Management Information Systems for the Organization of Financial Firms Michael S. Gibson* Federal Reserve Board Abstract Financial dealer firms have invested heavily in recent years to develop information systems for risk measurement. I take it as given that technological progress is likely to continue at a rapid pace, making it less expensive for financial firms to assemble risk information. I look beyond questions of risk measurement methodology to investigate
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production shall be transferred to a new plant having requisite economies of scale and available capacity. As of 1987, the key factors that possibly have contributed to underperformance at the Pontiac plant are: • Investment: Due to the existing corporate policy, the company tended reward plants showing the highest demonstrated rates of return by increasing the fund. On the other hand, Pontiac producing low volume dying products had negative return, thus it was unlikely for it to receive
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1 3,700 3,000 Product 401 402 403 Input per Unit Produced Labour hours Machine hours Labour hours Machine hours Labour hours Machine hours 3 2,750 2,700 2 1 1 1 2 2 Monthly Capacity Labour hours available Machine hours available Departments 2 4,500 3,100 3 1 2 1 2 2 3 2 2 1 The above data should be valid for at least
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1(d).Value Chain Analysis: A Way to profit improvement & cost Reduction Learning Objective 1. how to identify the value added activity 2. how to rectify the non –value added activity 3. application in profit planning & cost reduction INTRODUCTION Competitive advantage for a company means not just matching or surpassing their competitors, discovering what the customers want and then profitably satisfying, and even exceeding
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the answer book. Answers or notes written on the question paper will not be submitted for marking. You should show all workings as marks are available for the method you use. ALL QUESTIONS ARE COMPULSORY. Section A comprises three questions on pages 2 to 7. Section B comprises one question containing 12 objective test sub-questions on pages 8 to 12. Maths tables are provided on pages 13 to 15. These are detachable for ease of reference. The list of verbs as published in the syllabus is given for reference
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