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The significant objectives of short-term cash forecast are as given:
The short-term cash forecast assists in finding the cash requirement for a predetermined period to run a business. Under the absence of such information the finance manager would not be capable to decide upon the cash balances to be well-maintained. Besides to this the information specified earlier would also be needed to tie up with the financing bank so as to meet anticipated cash shortfall and also to draw strategies to invest surplus cash in securities along with suitable maturities. Some of the other purposes of cash forecast are as:
SK 2 Chapter 10: Master budgeting Objective How organisations strive to achieve their financial goals by preparing a number of budgets that together form an integrated business pla
Stages of the suggestion system 1) Encouragement : in the first stage management should make every effort to help the workers provide suggestion no matter how primitive for th
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Explain standard costing according to backer and Jacobsen According to backer and Jacobsen, standard cost is the amount the firm to measure the variation from standard costs th
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Significance of performance budgeting Performance budgeting will help the management of companies by introduction of management objective to improve performance. Further it wi
Elements of cost: 1. Material: the substance from which the product is made is known as material it may be in a raw or a manufactured state. It can be direct as well as indir
Question: (a) A retail store wants to evaluate how many units it must sell in order to earn a profit of Rs 10000 per month if the price of the unit is Rs 300, the average varia
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