Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
BUDGETARY CONTROLS
Control in a business is the process of guiding organization into viable patterns of activity in an environment. The main purpose of a control system is to make sure that the right things get completed. A system like a big organization must be controlled to keep it steady or to enable it to change safely. Control is therefore required because unpredictable disturbances might enter the system so that actual results deviate from the expected results or goals. Examples of such disturbances are entry of a powerful competitor in the market, unexpected increase in cost, a decline in quality standards, failure of a supplier to deliver promised raw material, or the tendency of employees to stop working in order gossip.
To have an efficient control process there has to be a plan, a budget, or a target towards which the system as a whole will be intending. Control is reliant on the receipt and the processing of information both to plan and to compare actual results to the plan so as to judge what control measures, if any, are required.
Adjacent extreme points differ in only one variable The first observation indicates that we can identify the extreme points of the solution space algebraically by setting zero as
Scenario - Ahi Corporation is one of your clients in Hawaii. The company had a good year last year and owes the IRS $100,000,000, due on March 15. There are no penalties or interes
Decision Making Environment There are four main environments within that decisions can be done. These are: • Certainty • Risk • Fundamental uncertainty • Compet
C-V-P ANALYSIS – MULTIPLE PRODUCTS The simple product CVP analysis can be extended to handle the more realistic situations where the firm produces more than one product. The o
Explain TWO limitations of using accounting ratios to assess the performance of a firm and suggest how each limitation may be improved
Chicken and Hawk (dove game) Two players meet at a one-lane bridge and each must choose whether to cross first or wait for the other. If both play Tough (T), they crash in the
Select the cost driver(s): This might also be termed to as independent, explanatory or predictor variable. A cost driver can be stated as any factor whose change causes a chang
a certain company makes 3 products A,B and C and they use the same raw material zhong.details about each product is as follows.production units are 10 000 for A,8 000 for B,12 000
Exercise 12-7 sell or process further
identify and explain the many classification of costs for planning, control.performance evaluation and decision making.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd