The Portable MBA in Finance and Accounting, 3rd Edition
188 Understanding the Numbers Capital Expenditure Budget (26) The capital expenditure budget is one of the components of the fin ...
Forecasts and Budgets 189 Budgeted Accrued Expenses (34) Expenses are recognized in the income statement when incurred, regardle ...
190 Understanding the Numbers The cash budget is a very useful tool in cash management. Managers esti- mate all expected cash f ...
Forecasts and Budgets 191 Net cash f lows from financing activities consist of changes in borrowed funds (short and long term), ...
192 Understanding the Numbers extend linearly with a continuation of the same slope that was estimated in the trend line fit thr ...
Forecasts and Budgets 193 Notice how the estimated trend line reacts to changes in quarterly sales. This technique weights recen ...
194 Understanding the Numbers Organizations that have trouble predicting accurately the volume of ac- tivity they will experienc ...
Forecasts and Budgets 195 The Profit Plan Though the term profit plan is sometimes used to refer to a master budget, it probably ...
196 Understanding the Numbers With such an awesome description of the importance of selling the bud- get, one might conclude tha ...
Forecasts and Budgets 197 general statements about the desirability of the budget proposal. Budget sales- manship should be appr ...
198 Understanding the Numbers Carruth, Paul J., and Thurrel 0. McClendon, “How Supervisors React to Meeting the Budget Pressure, ...
199 7 MEASURING PRODUCTIVITY Michael F. van Breda “Control is what we need. Cost control. And urgently,” said owner-manager Dana ...
200 Understanding the Numbers conversation with one of his associates. She was expected to bill approximately 500 hours each qua ...
Measuring Productivity 201 billed only 86% of those hours. As he noted, that suggests a serious problem, especially when one com ...
202 Understanding the Numbers Defining Standards That evening Tom went over to Jane’s home, and she pulled out her cost ac- coun ...
Measuring Productivity 203 make it this time around. It’s not enough to look at standards in isolation. One must view them in th ...
204 Understanding the Numbers estimated unit cost, the standard cost. Fixed costs remain the same, of course, and are just inser ...
Measuring Productivity 205 With that Jane started to prepare Exhibit 7.2. First, to prepare Panel A she compared the actual resu ...
206 Understanding the Numbers Price Indices “If you only examine Panel A of Exhibit 7.2,” Jane said, “you will think that net in ...
Measuring Productivity 207 Market Effects “The rise in volume may or may not be attributable to good management. One possibility ...
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