Budgets & Break-even analysis. P6 Illustrate the use of budgets as a means of exercising financial control of a selected company Fixed Costs- The running costs of a business such as rent and wages. Variable Costs- Costs that varies with the level of output or sales.An example of a variable cost would be direct labor costs. The breakeven point to two decimal places is 6.12 (£68) | Fixed Cost | Variable Costs | Total | Revenue | Profit/Loss | 0 | 416 | 0 | 416 | 0 | -416 | 1 |
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Budgets provide a means for planning the financial future and play a vital role for planning. Budgets simultaneously make managers construct and implement plans‚ contribute useful information for improved decision making‚ provide a standard to administer performance evaluation‚ and enhance organization and communication. An essential component of the budgeting system is control. Control periodically takes actual results and budgeted results and compares the two. It also allows for managers to
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Planning a Wedding On a Budget Every woman wants to have the wedding of their dreams. Weddings can be very expensive. An average wedding in Bennington County‚ Vermont costs between $18‚364 and $30‚606 for a guest count of 112-126 people‚ and the majority of woman however do not possess the means to have such a lavish event. But there are other ways to have your dream wedding without spending much money. If you budget and shop around you can have your dream wedding. The idea of a wedding
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2000).In an Explanatory note‚ technology simply reflects user’s belief of how technology can provide a soft life. Internet is one of hundred technology applications. The word Internet is sometime abbreviated (net) by the users. Internet has wide usages that facilitate human lifetime. However‚ using the Internet effectively is a big challenge currently because everyone use it based on his interests. Internet can be used effectively for communication‚ education‚ and e-commerce. Communication is a popular
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material you use from all sources and acknowledge your sources in the body of your paper each time you use a fact‚ a conclusion‚ an idea or a finding from someone ’s work. This establishes the authority of your work and acknowledges the researchers and writers you have drawn upon in your paper. It is necessary to cite your sources each time you: • reproduce an author ’s exact words (quote)‚ that is‚ copy word for word directly from a text. A page number must be given. • use your own wording
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How to use a cell phone effectively Nowadays‚ we can’t live without our cell phones; it’s an essential part of our lives. Most of us can hardly imagine how to live without it. There are all sorts of mobile phones available which could bring everything into our hands. However‚ if you want to use it effectively you must follow some steps. All you need is to buy a useful cell phone‚ access your internet and stay up to date. First‚ you need to buy a cell phone‚ a popular one. It should include Internet
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Process Essay – How to Create a Budget Money is something that everyone worries about at some point in their life – and learning to create a budget is one of the most efficient ways you can manage your money. Everyone is capable of building a budget and making a few simple changes that will affect their financial future. Regardless‚ if you feel that your finances are under control or not‚ a budget will make sure that you are using your money the way you want to. Taking a little extra time to
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Saturday March 6 2010 How transparent is budget making process? M S Siddiqui The budget reflects the vision and mission of incumbent government. The government leaders usually try to fulfil election pledges through the budget. The budget incorporates the government’s plan to collect resources and use the same to meet the public’s needs. The people have every right to know about the income and expenditure of the government. The openness and transparency of a budget help them to judge whether
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six The overall Planning Process- “well planned” and “well thought out” having good idea of the organization’s overall mission‚ as well as more specific written goals and carefully configured plan‚ can be important to an organization’s success. 2 Major component of Planning 1. Goals- a future targets or end result that organization wishes to achieve. 2. Plan- the devised for attempting to reach a goal. PLANNING- management function that involves setting goals and deciding how best to achieve
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Essay by Bereketeab Yacob Yohannes Budget and budgetary control has being dealt with in different ways in literature‚ but basically there has being critics on traditional budgetary control as new issues raised with current more unpredictable global internationalized world markets. Virtually conventional budgeting has roughly some categories of criticism‚ one being that budgets by the time they are used their assumption are out-dated especially in rapidly changing environments‚ the second recurrent
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