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Why would you discuss changes in income and expenditure with appropriate colleagues prior to implementation?
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What is the purpose of obtaining relevant information about requested diary entries and changes?
The purpose of obtaining the relevant information about a requested appointment or event is in order to make sure colleagues and clients turn up in the right place, at the right time and meeting the right person. It is also to ensure that if the appointment cannot be made, the client or colleagues can be contacted to re-arrange the appointment or to cancel it.
Why do budgets need frequent reviews and adjustment?
When a budget is compiled its based on information at the time of creation and the income/expenditure that a company will undertake normally for the nest trading year. These are assumptions. If during the trading period unforeseen expenditure is forced on accompany, if income drops to unexpected levels (i.e. a customer becomes bankrupt owing money) the there will need to be changes made to the budget to account for this. By reviewing the budget against the business one a monthly or at least bimonthly period changes to forecast can be made in a timely manner and buffer the company. The intention is to minimise the impact of the budget becoming uncontrollable and losing the company profits. The other reason for review is to identify areas where spend is required to take place i.e. purchasing new machinery, investing in a new product. Where budgets are not used companies will recover that amount back into the profit margin and in the following year reduce the allocation to that department.
A variable cost changes in proportion to changes in the volume in activity?
the answer is Variable Cost
Do you include Deferred income taxes current for calculating current assets in working capital calculation?
No you dont. Think about it, part of the equation for free cash flow is defined as subtracting out changes in working capital, capex, and changes in deferred taxes. changes in deferred taxes should be used in calculating cash taxes, not changes in working capital
What is step cost?
A step cost is a cost that does not have steady changes. While many costs have changes that result in activity volume, a step cost does not.
What are some of the important factors you would consider before allocating budget resources?
1. Allocate funds according to agreed priorities. 2. Discuss changes in income and expenditure priorities with appropriate colleagues prior to implementation. 3. Consult and inform all relevant personnel in relation to resource decisions. 4. Promote awareness of the importance of budget control. 5. Maintain detailed records of resource allocation in accordance with enterprise control systems.
What is difference between Autonomous Expenditure and Induced Expenditure?
AUTONOMOUS AND INDUCEDEXPENDITURE :Autonomous expenditure is independent ofchanges in real GDP, whereas induced expenditurevaries as real GDP changes. In general, a change inautonomous expenditure creates a change in realGDP, which in turn creates a change in inducedexpenditure. The induced changes are at the heartof the multiplier effect.Induced expenditure is the sum of the componentsof aggregate expenditure that change withGDP.♦ Autonomous expenditure is the sum of the componentsof aggregate expenditure that do notchange when real GDP changes.
Why does unitary elastic demand curve is a rectangular hyperbola?
we know from total expenditure method of measuring elasticity of demand that if total expenditure remains the same when price changes, elasticity is unitary. rectangular hyperbola is a curve under which all rectangular areas are equal. also, each rectangular area shows total expenditure on the commodity. along the curve, even if price changes, total expenditure remains the same, so rectangular hyperbola shows the elasticity of 1.
What shall you call mid-term changes?
Mid-term changes would be appropriate.
Price of sugar rises by 20 percent By how much percent should the consumption of sugar be reduced so that the expenditure does not changes?
20%
What is the concept of Multiplier?
The concept of Multiplier highlights the effects of initial investment upon national income through changes in consumption expenditure.
What are the factors influencing consumption expenditure?
Factors influencing consumption expenditure include income levels, consumer confidence, interest rates, inflation, and cultural factors. Changes in any of these factors can affect consumer spending patterns and overall consumption levels in the economy.
What is the most volatile asspect of expenditure in economics?
If you mean the expenditure approach to calculating GDP, then C+I+G+NX Investment is the most volatile, meaning that it changes the most with aggregate shocks to the economy. Some measures of consumtpion like durable goods are also volatile.
What is the most appropriate evidence for describing the 1820s as an age of reform?
The most appropriate evidence for describing the 1820s as an age of reform includes the rise of social movements such as abolitionism and women's rights, the implementation of democratic reforms in some countries, and the emergence of new ideas challenging traditional societal structures. These changes reflect a period marked by efforts to address social injustices and inequalities through various movements and reforms.
What are some responsibility of development life-cycle?
To manage any changes made to a software application, from planning and documentation to implementation and quality testing.
What changes in the sales management program would you recommend to Eric Johnson to improve the implementation of the system?
sort the targeted sales leads into new database.
Do address changes need notification if paying child support?
Parties in child support cases must notify the appropriate venue of address changes.
