Budgeting and Forecasting

Efficiency, accuracy, and consistency.

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Number of units to be sold X Selling price per unit

In order to not let your self spend more money then you have.

In normal words Zero base Budgeting means there is no require to take any kind of help from previous year's information. it is totally newely made without taken ank reference..

Beginning inventory minus ending inventory plus purchases (cost of goods sold) divided by liquor sales equals liquor cost, which should be between 22% and 28%, if you want to be a profitable business.

Fixed Assets.

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Gross Profit Margin:
(Gross Profit / Sales) x 100 = ______%

Net Profit Margin:
(Net Profit / Sales) x 100 = _____%

Stock Turnover Ratio
Cost of Goods Sold / Average Stock = ______ times
Cost of Goods Sold = Sales - Gross Profit
Average Stock = Opening Stock + Closing Stock / 2
If opening stock is not given treat closing stock as opening stock

Debtor Collection Period
(Debtors / Sales) x 365 = ______ days

Creditor Payment Period
(Creditors / Purchases) x 365 = _________days

Return on Capital Employed
(Net Profit / Capital) x 100 = _________%

Current Ratio
Current Assets / Current Liabilities = ____:____

Quick Ratio/Acid Test Ratio
Current Assets - Stock / Current Liabilities
Current Assets = Cash/Bank + Debtors + Prepayments
Current Liabilities = Creditors + Overdrafts Accruals

Sales budget is the most important budget while making the overall budget for the organization for a fiscal year. It is important in this sense that how would anybody make fiscal budget for organization if he don't know about how much to sale or what are the organization's sale would be. If you know the sales volume of units of product you want to sale in a fiscal year then you will make production budget according to that sales requirement in mind you will have production information in mind you will purchase raw material, hire labour according to requirements. So if you don't know about how much you want to sale then how would you budget other things and how would you compare your performance at the end of fiscal year.

A group of people who discusses and plans a budget. They discuss, plan, research, and present the budget plan to who ever assigned them the committee job.

A business transaction is a financial event that changes the value in certain accounts and therefore affects the financial position of the business.

what isfactory overhead applied

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Capital budgeting techniques in Indian industries include researching long term investment decisions and making business decisions based on predictions. Evaluations are made and changes can be implemented if an Indian industries need them. .

With flexible budget, you check whether the actual activity level is within the range of activity for flexible budget. If yes, then you compare very easily. Just extrapolate your budget for the actual activity level. Only Variable costs needs to be updated (as Fixed costs remain same for a particular activity level). Finally you have the actual results and budgeted results, both on the same activity level. This provides you the ground for comparing the both.

I'd ask an attorney before I trusted something on Wiki - they'd probably give you a quick answer and wouldn't likely charge for such a simple question. Some non-legal advice: I think that if you're referring to an improvement on land that you're leasing then it likely would be considered an improvement, since it touches the land and will more than likely increase the value. Which unfortunately also likely means that the fence will become the property of the land owner once you leave. *******I would suggest asking an accountant tax related questions, and consult an attorney for legal questions. A fence is a 15 year property. If you vacate the property before the 15 years is up, you would then have a loss of the cost of the fence you have not yet depreciated.

they force the manager to compare actual costs at one level of activity to budgeted costs at a different level of activity.

non cash charges sholud be deducted while arriving cash from operations in second method or indirect method. these non cash charges are deducted in P/L account in order to arrive Net profit. which is in correct. why we are charging depreciation and SBC ( stock based compensation) to the P/L account? based on accounting concepts we have to charge these accounts to the expense side. albiet these are non cash charges these are having effect on P/l account.

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Before its acquisition by Royal equity held a portfolio of trading equity securities that cost $660,100,000 and had a market value of $995,182,000 on January1. Assume that the same portfolio was held until the end of the first quarter of the year. The market value of the portfolio was $980,160,000 at January 31, $940,000,000 at February 29, and $960,000,000 at march 31.

1. Prepare a tabulation showing the balance sheet presentation and income statement presentation for monthly reporting purposes.

Non production over head in a production department can be any person who does not directly produce the goods. Maintenance personnel, supervisors, quality inspectors, they all work on the production floor, but do not produce goods.

It is the creation and the monitoring of budgets (and taking actions when the needs arise).