Budgeting and Forecasting

The most important quality that a manager should have is that he should be a team player. Also, he should have the foresightedness which means he should be able to forecast the future developments as accurately as possible and plan accordingly.

Advantagenof budget

Discuss; there is no one universally accepted accounting theory.

something ants do to pass the time. they sit watching home and away while eating pop corn with extra butter. and play bingo with there granmas and eat posined cookies with drugs hidden in the cookies. They also become extremely agitated when granma get's high and keeps calling out bingo without winning! sarah says hi =] so does that answer your question? if not ask some one who actually knows

well this depends on what moving average you are using. for example if a stick is above its 200 simple moving average (a very important time frame) you can saftly say it is in an uptrend (careful it could always reverse trends). Moving averages can be use for trading to.

for short term trading like swing and day trading you should look at smaller moving averages like the 10 period, and 50 period, which are widely used.

Caution! remember there are 2 moving averages in trading, a simple moving average and an exponential moving average, make sure you have the right one.

Budget is a formal and approve document. It has two parts: How much funds are required and how these would be met. It is the same as cash inflow and outflow. Estimates reflect only expenditure side and it could be an informal way. Supposing a dam is to constructed. First will come the estimate say $5 billions. Even if this figure is accepted as realistic, the question would arise where from the money would come. On identifying the genuine sources, a budget would be prepared and approved. In short, while both show future costs, estimate point out towards expenditure while the budget would also give details on financial plan or how that expenditure would be met.

I wanted to get this answered more fully, and correctly. Decreasing variable costs per unit is just wrong.

When speaking of variable vs fixed costs, it means in total. A variable cost stays the same per unit, but as volume changes, the total variable costs increase and decrease. (Unless something specifically mentions there's a change per unit.) A fixed cost is fixed in total regardless of volume. But fixed per unit increases and decreases with volume changes. In order for variable and fixed to have their proper meanings, you have to think about them as total costs.

For example, if I buy a certain shirt for $7 and sell it for $15, those are variable. They stay the same per unit and I gross $8 per shirt (called contribution margin). The more I sell, the more sales revenue I have and the more variable cost I have -- two shirts will have $7x2 ($14) of variable costs etc. If my fixed costs are $100,000, that will remain fixed regardless of how many of anything I sell. An example of a fixed cost is rent.

If activity decreases, total variable costs will decrease, but not per unit variable costs. Total costs also decrease, but that's not complete. And fixed per unit increases, because you don't have as much volume to spread the fixed costs over.

All business have a budget. Your expenditures(money going out, employee paychecks, lights and other utlities, supplies, etc.) has to be less than what you Revenue(money you bring in from sales). After all your expenditures are paid up whatever is left over is your profit.

yes

A black box is where only the owner of that black box knows the algorithm that makes the mechanism change the input to the output. For example, in algorithmic trading, there is proprietary software that transacts with the incoming data and decides when to buy or sell depending on what the algorithm in that proprietary software states. Each owner of a black box has their own proprietary mechanism to change the input to the output.

Variable cost is cost that varies with amount of production. In order to classify this cost, you must be able to decide if the cost can be directly related to the product. If it can, then calculate the total cost then divide it by the number of units produced.

· principles you would apply to interpreting financial information correctly?

DECREASES

The difference between adjusted and Un-adjusted trial balance is that in adjusted trial balance the items of balance sheet and income statement are randomly but in adjusted trial balance the items are in tabular form.

The disadvantages of time value of money are not knowing the interest rates or growth projections of money. It is impossible to forecast accurately inflation rates.

it is a family

To work out the break even point you have to do this equation → (fixed cost)÷(selling price−variable cost). For example the fixed cost is $10000, the selling price is $17 and the variable cost is $12. So you would do → (10000)÷(17−12) which would equal $2000.

Auditing is the examination and evaluation of financial statements to check financial accuracy.

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it is always balance because it depicts the basic accounting equation it means all transactions recorded correctly if balance sheet don't balance it means some transactions missing or there are some errors.

How am I supposed to know, do I work for them?

The concept of development states that something moves forward. This could mean growth of a company or the building of new structures.

assets and liabilities