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Business Management
Business Management includes planning and staffing, organizing, directing and controlling an organization's activities so like to meet a specified objective, generally profit maximization. The function of managing activities of business is entrusted to the managers of the business. For the managers to maximize profits, they should minimize the entire cots of business. Therefore they require tracking all costs like they are incurred and recovered with the organization's activities. To obtain this information as it happens as LIVE, they require an effective an efficient 'information system' referred to like cost accounting. Therefore it will be appreciated such if cost of organization accounting information system fails, so the managers cannot manage it effectively and efficiently.
1.What is a Statement of Cash Flows? How does it differ from an Income Statement? 2.What unique information does the Statement of Cash Flows deliver to investors? Why do they care?
1. The table below gives data for Southland where there are three consumption goods: bananas, coconuts and grapes. Goods Quantity in base period basket
Allocation of Joint Costs Whereas two or more products of relatively high value emerge simultaneously from a single process, they are named as joint products. The processes s
is sale of salvage from capital project recorded as gain/loss or applied back to project costs
BEP- Break Event Point: It shows no Loss and no Profit The level of activity at which, total revenues equivalent total costs. A point at which there is no profit and no loss.
Cost accounting as a descriptive or analytical discipline
Shrinkage - Production Process This refers to a disappearance or loss of material inputs utilized throughout the production process. It happens mainly via the evaporation. Thi
Q. WILL BY MEANS OF FCA SAVE MONEY? Ans. It depends. in the end, the more departments know about what it obtain to deliver a unit of service, the more efficiently they can
Limitations of Budgeting 1. Too mush reliance may reason resistance or inflexibility to change. 2. Difficult to set levels of attainment. It may result into too tight budg
P1 Given the following data: German Bond U.S. T- Bonds
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