Budgeting and Forecasting

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Residual Income (RI) can be calculated with the following equation. RI = Operating Income - (Operating Assets x Minimum Required Rate of Return) Equals a $ amount. RI is often used to compare Investment Centers with the Return of Investments (ROI) equation. ROI = Operating Income / Operating Assets) Equals a %.

Dr. Prepaid expence (balance sheet)

Cr. Expense (income statement)

e.g. you have already paid $1200 insurance, but at year end still have six months to go until you have to renew your premium.

You would have expensed the full $1200 - now you need to remove the unused (prepaid) portion.

Dr. Prepaid expense $600

Cr. Insurance $600

To calculate the cost of goods you have to substract the gross profit from total sales.

Plz refer to tis link.

http://www.accountingformanagement.com/variance_formulas.htm

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There are so many advantages of the fixed budget. This makes planning and forecasting easy since the values in the budget do not change and thus it makes it easy to monitor growth of the business.

oh my word their is um um so many different types i cant believe you dont no ;)

Expressed as a decimal, 30 percent is equal to 0.3.

A cash budget is, in lamens terms, meant to show cash going into the business and cash going out of the business. The cash budget allows you to be able to see where your cash is going, hense you will be able to see wether or not you will need any additional funding due to a lack of cash. (The cash budget is imperative for any business because it can tell you if you will need additional cash to carry out business operations). The cash budget only includes the cash you have at the start of the business as well as items that you will be paying for in cash (such as inventory or advertisments or other operation expenses). On the other hand, a pro forma income statement takes into account projected revenues from sales. You take the projected sales and subtract cost of goods sold as well as other expenses to give you your net income, or projected profit. Basically the pro forma income statement deals with assumptions and projected numbers (such as projected sales/revenue) where as the cash budget does not deal with assumptions such as projected sales/revenue. The pro forma income statement, in the end gives you projected profit, whereas the cash budget sheet in the end informs you as to wether or not your business will be lacking cash to operate.

The flexible budget uses the master budget as its basis. To develop the flexible budget, management should take the following steps. 1. Identify the activity index and the relevant range of activity. 2. Identify the variable costs, and determine the budgeted variable cost per unit of activity for each cost. 3. Identify the fixed costs, and determine the budgeted amount for each cost. 4. Prepare the budget for selected increments of activity within the relevant range.

A subsidized cafeteria is one that is built for employees of a business. This means that the price of the food is often much lower than if the employees were to leave work and eat at a restaurant. This is because a portion of the food is paid for by the company. This is similar to how a school cafeteria works, with less-fortunate children receiving free and reduced cost lunches through a subsidy that is paid for by the state or county.

The advantages of using weighted average cost is that it is consistent, the formula is very simple to use and their is less paperwork. This method, however, makes it difficult to follow the ups and downs of the market if prices change frequently.

48%

types of nature of accounts

Three basic accounting elements include assets, liabilities and stock holders' equity. These components are all listed on the balance sheet.

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Business capacity means the maximum level of the output goods and services that a given business can produce over a given time. In most cases, most businesses do not operate at full capacity for a prolonged period because of the natural efficiencies.

A curriculum vitae is a list of qualifications and experience. It is similar to a resume, but is a little longer and includes award, publications, and professional memberships.

if there are 60 shakehands ,then der shoud be 12 person in the meeting .

( 12 * 11)/2 = 66 where (11 * 10)/2 =55...

Formula to derive: if there are 'n' persons ,

number of handshake= (n * (n-1)) / 2

Traditional budgeting is less precise because money that is left over is not accounted for. Zero based budgeting accounts for every single dollar, hence it is more accurate.

WACC is defined ( Weighted average cost capital ) Discount Rate. Cost of equity ( CAPM ) * Common Equity + ( cost of debt) * total debt. Calculation of formula results in input for discounted cash flow.

Now days, Many online utilities comparison websites are available. It has provided accurate and full information about your utility calculation. In Australia, you can easily get area wise information about electricity and gas utility calculation by the simple method use calculator.

receipts 80

Cash Short(Over) 2

Cash 82

You should expect to pay around 1000 dollars per month on this size of warehouse. A good rule of thumb to use is to budget for about 2 dollars per square foot annually.