MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION (Autonomous) (ISO/IEC - 27001 - 2005 Certified) __________________________________________________________________________________________________ Subject Code: 0815 SUMMER – 13 EXAMINATION Model Answer Page No: 1/ 25 Important Instructions to examiners: 1) The answers should be examined by key words and not as word-to-word as given in the model answer scheme. 2) The model answer and the answer written by candidate may vary but the
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Peterson with all the necessary information to make a non-technical presentation to the board of directors. INTRODUCTION Budgeting is a vital element of the management planning and control process. Budgeting is the process that translates corporate intentions into specific tasks, and identifies the resources needed by each manager to carry them out. In the process, budgeting enhances communication and co-ordination of different administrative units, facilitates decision-making, and provides a framework
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Budgeting Objectives - at the end of this class you should be able to: Explain how budgeting fits into the overall planning and control framework of a business. Identify and describe the six different purposes of budgeting. Identify and describe the various stages of the budget process. Prepare functional and master budgets. Describe the differences between incremental and zero–based budgeting. Reminder Management Accounting = “The process of measuring and communicating
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to create operating budgets for a number of distinct product lines or locations. To further enhance the effectiveness and completeness of an operating budget, there is a need to include not only a profit and loss statement but also an accompanying cash flow statement and balance sheet which acts as supportive documentation. Grant (2007, spring) argues that the
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year, the company is trying to add a small increment to each department’s actual spending for the previous financial year (to account for inflation)… DFS believed they are having a good budget level now that don’t need to change much Zero-based budgeting is an approach to planning and decision-making * A ZBB makes leaders to identify what they need for the next year and how much they need to reduce cost as much as possible. * APPLY TO DFS : * MR Jones want to set up a broader set of
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School of Management Blekinge Institute of Technology THE IMPORTANCE OF THE PAYBACK METHOD IN CAPITAL BUDGETING DECISION. By Alaba Femi, AWOMEWE & Oludele Olawale, OGUNDELE Supervisor: Anders Hederstierna Thesis for the Master’s degree in Business Administration Fall/Spring 2008 THE IMPORTANCE OF THE PAYBACK METHOD IN CAPITAL BUDGETING DECISION. By Alaba Femi, AWOMEWE & Oludele Olawale, OGUNDELE A thesis submitted in partial fulfillment of the requirements for the degree
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ASSIGNMENT SUBMISSION FORM This sheet must be submitted with your assignment. Failure to complete, sign and submit this form will result in a mark of ‘0’ for the assignment. |Student’s ID Number | | |Course Code | | |Course Name |
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Nearly every day, we have multiple financial demands placed upon us. Whether it is grocery shopping or paying the monthly electric bill, we're faced with family budget decisions all the time. Family Budgeting It's sometimes difficult to deal with financial planning matters such as family budgeting. There is one more bill to pay, or a big decision needs to be made on an expensive family vacation. But no matter how people might try to deny it, this is a hard rule of life: We make decisions
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Reducing the number of payments. Increasing the interest rate. Decreasing the interest rate. Decreasing the liquidity of the payments. | Question 4.4. (TCO B) In a TVM calculation, if incoming cash flows are positive, outgoing cash flows must be (Points : 5) | positive. negative. either positive or negative. It really doesn’t matter. stated in time units that are different from the time units in which the interest rates are
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Name: __Rachelle Dillingham__________ Section: ___FINA301-Q1WW__________ FINA 301 Capital Budgeting Exercise Points: 45 Capital Budgeting Exercise 1 You are considering the purchase of one of two machines used in your manufacturing plant. Machine A has a life of two years, costs $500 initially, and then $150 per year in maintenance costs. Machine B costs $650 initially, has a life of three years, and requires $100 in annual maintenance costs. Either machine must be replaced at the end
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