Introduction A budget is considered as a standard to facilitate control work activities of the organization. Budgets are planning tools prepared firstly to start the period being budgeted. Valuable information about the performance contains of the difference between the actual results and the planning budgets. Therefore‚ budgets are both planning tools and performance evaluation. The most common important element in budget is some measure of anticipated output such as the number
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Sleeping Beauty Bonds – Duration Analysis‚ Harvard Business School Case 9-294-083‚ Rev. July 13‚ 2000. Copyright © 1994 by the President and Fellows of Harvard College. 1. What are the cash payments associated with the Sleeping Beauties? Who gets how much and when‚ per $100 of bonds issued? 2. What interest rate was used to calculate the price? 3. Next day‚ market yield rises 100 bp (1%) from 7.55% to 8.55%. What’s the new price? Rates fall from 7.55% to 6.55%. What’s the new price
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somewhere in the world you are dying to explore. You daydream about it from your sad little cubicle. Perhaps your room is decorated with an excessive amount of maps. Maybe you want to plan an anniversary trip with your husband or boyfriend. "I would love to travel but it’s just too expensive‚" you tell yourself. "I really want to go somewhere faraway." *Insert excessive crying* "...but I just don’t know how!" I am about to share a life-changing secret with you. Are you ready for it? It is
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There has been a constant debate about “advertising” that whether it is a useful or wasteful expenditure of resources. Advertising plays a crucial role in today’s world where there are so many brands vying for the customer’s attention. If not advertising‚ how else would you as a consumer know what all there is you could choose from? Though a useful tool‚ it must be well utilized to create an impact. Many a times‚ we as consumers remember the setting of the ad but forget the brand that was being
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How (Un)ethical Are You? Most of people believe that they are ethical and unbiased. They imagine they’re good decision makers‚ able to objectively size up a job candidate or a venture deal and reach a fair and rational conclusion that’s in their‚ and their organization’s‚ best interests. But more than two decades of research confirms that‚ in reality‚ most of them fall woefully short of our inflated self-perception. This article explores four related sources of unintentional unethical decision
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Describe a job that you would like to do in the future. A job I would like to do in the future would be to work as a foreign correspondent journalist. I’m somebody who loves to travel and loves to learn about other cultures and the way they work‚ and also the history of other countries and places around the world. So this is a job that..err... really is attractive to me. I also really enjoy writing. It’s something I get a lot of pleasure from‚ so that job would allow me to combine my interests
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What problems would the minister of finance encounter in the process of budget formulation and implementation in Zambia? The national annual budget is a document containing various government activities or work programmes expressed in monetary form. Thus‚ the budget is an important economic policy tool for macroeconomic management and resource allocation. It provides a comprehensive statement of the nation’s economic priorities. Accordingly‚ the budget formulation process has four major dimensions
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Valley Forge: Would you have quit? When I hear the question Valley Forge: would you have quit? The first thing I think of is how hard it had to be. Not only did some people die from various things‚ but people were getting very ill and sick. Even though this all sounds bad plus the other things the Continental Army had to go through I still would have stayed at Valley Forge to fight through it all for my country. There are many reasons to stay and fight for the Continental Army and for the
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were to be an animal‚ I would be an African Lion. The African Lion is an animal that describes my strengths and attributes perfectly and has characteristics that I would love to call my own. The African Lion has been called “the King of Beasts” for centuries‚ due to its majestic appearance and the fact that it is at the top of the food chain. I too would like the respect the African Lion receives and the title that it has been given. If I were an African Lion I would be able to bake in the African
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Budget Development When planning a budget for any new product or service is an important step in any new building of a product. Knowing how much money that the company has available to spend on marketing and promotion of the new product is key. Sticking to that budget is away to show that the Nike Company can stay on track and stick to the plans and follow through with commitments will make the company better. When planning a budget for a new product there are many items to keep in mind without
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