flexible budget? A flexible budget projects budget data for various levels of activity. The flexible budget is a series of static budgets at different levels of activity. The flexible budget recognizes that the budgetary process is more useful if it is adaptable to changed operation conditions. Flexible budgets can be prepared for each of the types of budgets include in the master budget‚ so depending on your particular business you will have different budgets in your flexible budget. • What
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INVESTIGATE BEFORE INVESTING Guidance for Prospective Franchisees By Lewis G. Rudnick Rudnick & Wolfe Chicago‚ Illinois and H. Bret Lowell Brownstein Zeidman and Lore Washington‚ D.C. INTERNATIONAL FRANCHISE ASSOCIATION 1350 New York Avenue‚ N.W.‚ Suite 900‚ Washington‚ D.C. 20005-4709 Reprinted 2002 REVISED - JULY‚ 1992 WASH1\4838466.1 CONTENTS The International Franchise Association IFA Code of Ethics What Is Franchising? Protect Yourself - Watch For The Warning Signals Evaluating
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Tri-Cities Community Bank – A Balanced Scorecard Case By Tom Albright‚ Stan Davis‚ and Aleecia Hibbets Case A. Balanced Scorecard Development Tri-Cities Community Bank (TCCB) is located in the Midwest US and has a total of 10 branches grouped into two divisions‚ the southern division (SD) and the northern division (ND). Each division consists of five branches; each branch employs a branch president‚ branch vice-president/chief loan officer‚ customer service representatives‚ loan
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Tyler Jones Brown Eng. 12/ p.2 When I was One-and-Twenty In the poem‚ When I Was One-And-Twenty‚ by A. E. Housman‚ the author begins by describing the setting around the time when he was twenty-one. He mentions how an older man had given him some advice. The wise man could possibly be a mentor‚ father‚ grandfather‚ or another male figure in the author’s life. The wise man tells the author‚ “Give crowns and pounds and guineas‚ but not your heart away.” The man means that you can give away
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BUDGET According to CIMA ‚ Official Terminology “A budget is a financial and /or quantitative prepared prior to a defined period of time ‚ of the policy to be pursued during that period for the purpose of attaining a given objective.” In the words of Crown and Howard ‚ “ A budget is a pre- determined statement of management policy during a given period which provides a standard for comparison with the results actually achieved.” BUDGETRY CONTROL Budgetary control is the process of determining
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CHAPTER ONE 1.0 Background of the Study The success of any organization either non-profit organization or profit oriented entities is generally influenced by its planning and control mechanisms. The two concepts of planning and controlling must be balanced so as to attain success and development in an organization. At the planning stage an organization usually stipulates its objectives‚ missions‚ visions‚ goals and means of attaining those objectives with formulation of
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flexible budget is a budget statement that shows what the expected costs should have been for any level of output‚ so that the actual costs can be compared to planned costs for the output that was actually generated. In a flexible budget‚ the costs are separated into variable and fixed costs. The more information that is provided to explain variances in budgeted and actual amounts‚ the easier it is for management to make successful decisions about costs and expenses. A flexible budget classifies
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Investigate a Social Issue Eulis Rhodes Tiffani Davis SOC 100 December 9‚ 2013 The social issue that I am interested in is Domestic Violence. Domestic violence is a pattern of abusive and threatening behaviors that may include physical‚ emotional‚ economic and sexual violence as well as intimidation‚ isolation and coercion. The purpose of domestic violence is to establish and exert power and control over another; men most often use it against their intimate partners
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Master Budget Master Budget Definition The master budget is the aggregation of all lower-level budgets produced by a company’s various functional areas‚ and also includes budgeted financial statements‚ a cash forecast‚ and a financing plan. The master budget is typically presented in either a monthly or quarterly format‚ and usually covers a company’s entire fiscal year. An explanatory text may be included with the master budget‚ which explains the company’s strategic direction‚ how the master
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BUDGET MANAGEMENT ANALYSIS To have a basis in illustrating the analysis of variance or difference between budgeted and actual figures‚ the budget of a sampled (unknown) company was utilized (http://www.smallbusinessnotes.com/business-finances/budgeting-systems.html). | | | | | | | | |
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