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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 will identify and evaluate alternative programmer and activities on the cost benefit analysis so that these are undertaken for attaining the given objectives. On the basis of priorities performance budgeting may provide a rational basis allocating funds.
Performance budgeting may be said to integrate the planning budgeting costing reporting and control system by an enterprise. It can be applied with other techniques like PERT and CPM
These loans are given by the Banker for short periods for an exact activity like financing for a civil contract work. As the customer receives payment, the transaction will be repa
Himalaya Ltd.'s Profit and Loss Account for the year ended on 31st December 2005 is specified below. You are needed to determine the working capital needs under operating cycle met
1. Explain Value Added Analysis along with the major factors included in Management Accounting Analysis. 2 Identify the several top management styles and define their implicatio
x+2y+3z=6 2x+4y+z=7 3x+2y+9z=14
Risk seeking: A risk seeker is a decision maker who is concerned in the best likely outcome no matter how small the chance that they might take place i.e. he takes high risks
Explain Profitability ratios in relation to sales a) Gross profit ratio b) Net profit ratio c) Operating ratio d) Operating profit ratio e) Expenses ratio
Right now you are 20 years old and you have decided that you want to have $2,000,000 in the bank when you turn 65 years old. How much must you deposit each year to reach your goal
Funds produced from operations, throughout an accounting period, raise working capital by an equivalent amount. The two major components of funds generated from operations are depr
MAKE A TRADING ACCOUNT
Problem From the following data, calculate overhead variances of following: (a) Variable overhead expenditure variance (b) Fixed overhead expenditure variance (c) Total ov
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