of an entity be kept separate from the activities of its owner is referred to as the a. stand alone concept. b. monetary unit assumption. c. economic entity assumption. d. corporate form of ownership 2. All of the financial statements are for a period of time except the a. income statement. b. balance sheet c. owner’s equity statement. d. statement of cash flows 3. A trial balance will not balance if a. a journal entry is posted twice. b. a wrong amount is used in journalizing. c. incorrect
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budgeting E-Book Basic definations i. A budget is a detailed quantitative plan for acquiring and using financial and other resources over a specified forthcoming time period. 1. The act of preparing a budget is called budgeting. 2. The use of budgets to control an organization’s activities is known as budgetary control. Difference between planning and control i. Planning involves developing objectives and preparing various budgets to achieve those objectives. ii. Control involves
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- int‚ identifier - n 6. What value is stored in uninitialized variables? Some languages assign a default value as 0 to uninitialized variables. In many languages‚ however‚ uninitialized variables hold unpredictable values. Algorithm Workbench 3. Write assignment statements that perform the following operations with the variables a‚ b‚ and c. Adds 2 to a and stores the result in b. Multiplies b times 4 and stores the result in a Divides a by 3.14 and stores the result in b Subtract 8 from
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History of Indian Budget India’s first Finance Minister Sir R.K. Shanmugham Chetty‚ presented the first Finance Budget of independent India on November 26‚ 1947. Since then‚ 28 differentUnion Finance Ministers have been presenting the budget year after year. Initially‚ major attention was paid towards the agriculture sector but as the economy evolved‚ the focus shifted from agriculture to other sectors like industrial‚ financial etc. During the early the fifties‚ Indian budget highlights revolved
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largest thermal power generating company of India. A public sector company‚ it was incorporated in the year 1975 to accelerate power development in the country as a wholly owned company of the Government of India. At present‚ Government of India holds 89.5% of the total equity shares of the company and the balance 10.5 is held by FIIs. Domestic Banks‚ Public and others. Within a span of 31 years‚ NTPC has emerged as a truly national power company; with power generating facilities in all the major
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) Production Budget: Learning Objective of the article: 1. Define and explain production budget. 2. Prepare a production budget. Definition and Explanation of Production Budget: The production budget is prepared after the sales budget. The production budget lists the number of units that must be produced during each budget period to meet sales needs and to provide for the desired ending inventory. Production needs can be determined as follows. | |Budgeted sales in units-------------------
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New Product Launch Marketing Plan‚ Part III MKT/571 June 9‚ 2014 New Product Launch Marketing Plan‚ Part III Executive Summary Stefani- Introduction Stefani- Situational Analysis Tamika- At “After Thought Auto” it is our goal to provide extraordinary customer service while providing exceptional window tinting product. We strive to ensure that every time a driver gets behind the wheel of their automobile they feel the best comfort possible. Window tinting allows the opportunity to preserve
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Variable Fixed 2. Which of the following is not a fixed cost? (Points : 2) Direct materials Depreciation Lease charge Property taxes 3. At the break-even point of 2‚500 units‚ variable costs are $55‚000‚ and fixed costs are $32‚000. How much is the selling price per unit? (Points : 2) $34.80 $9.20 $12.80 $22.00 4. The relevant range of activity refers to the (Points : 2) geographical areas where the company
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Things to Do” list. Yet each year‚ hospital make substantial investments in developing a comprehensive annual budget‚ spending heavily for specialty software‚ staff overtime and temporary help for data entry. Perhaps even more costly (but less quantifiable) are the countless hours that senior managers‚ accountants‚ financial analysts and department managers spend to prepare‚ revise and consolidate budgets. • We spend more time creating a budget than analyzing it. • The budget bears little or no relation
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In partial fulfillment for Financial Management Presenting our business proposal: Submitted to: Atty. ALFEO VIVAS Submitted by: MEDINA‚ KARLA JEAN PAJE‚ JONADEL DE GUZMAN‚ HANNAH ABIGAIL CALVADORES‚ JOYCE ANNE ABBANG‚ MYLA GRACE III - BFIN October 10‚ 2013 Table of Contents 1. Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2. Market Analysis Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 - 6 2.1 Demand 2.2 Peculiarity
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