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Factoring Services: All subsequent services are offer through the factor apart from the core service of purchasing receivables.
1) Sales credit management and Ledger administration
2) Credit collection and protection against bad and default debt losses
3) Financial accommodation against the allocated book debts as receivables.
In addition to these services the subsequent services are also being provided through the factor
1) Providing information regarding prospective buyers
2) Providing financial counseling
3) Assistance in sickness prevention and liquidity management
4) Financing acquisition of inventories
5) Giving assistance for opening letter of credit for the client.
Advantages of standard costing 1) Measuring efficiency: standard costing is a yardstick for measuring efficiency. The comparison of actual costs with standard costs enables t
Cost volume profit analysis Meaning and definition Cost volume profit analysis is a technique for studying the relationship between cost volume and profits . profits of an
Exercises 2-1, 2-2, 2-3, 2-4 Problem 2-14 I didn’t write every question down out of the book just questions 2-1, and 2-2. Exercise 2-1 classifying manufacturing cost. Your boat,
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Product life cycle costing It is an approach used to give a long term picture of product line profitability feedback on the effectiveness of life cycle planning and cost data t
Assumptions Underlying the CVP Analysis CVP analysis as discussed above is based on certain assumptions . if these assumptions are not recognized then serious error may result
interest rates
Explain Quality control and Total quality control Quality control (QC) circles can be viewed as a group oriented suggestion system for making improvements. QC circle is a sm
what is cost bookkeeping
Participative Budgets In this approach to budgeting, budgets are developed by lower level managers who then submit them to their superiors. The budgets depend on the lower level
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