Financial and managerial accounting are both important accounting aspects to effectively manage a company. Financial accounting are reports that are mainly used by external stakeholders of a company. Managerial accounting is mainly used by management of a business to help them make informed decisions. While both forms of accounting provide different information for different uses, they both provide important financial information that describes the financial wellness of an organization. Both…
All it takes is one moment, one brief period of time, one second for your life to change. Your life can do a full one-eighty in the blink of an eye. You could either win the lottery, or lose everything you have. Life is a gamble, where the outcomes are win or lose, but either way you still learn something each time and grow from it. Here is the start of my growth. With my eyes closed, my hands shaky and my face wet from tears, I started dreaming. The memories playing in my head like a favourite…
Equity assessment of respondents on compensation package in terms of salary, benefits, recognition, work environment and organizational support is perceived to be “neutral” but leaning toward “agreement” due to their weight means of 3.02 (neutral), 3.80 (neutral), 3.74 (agree), 3.49 (agree), and 3.23 (neutral) respectively, showing…
b. Pricing and margin analysis Prices of a company’s goods and services must be competitive otherwise it risks losing customers and potential sales. At the same time selling prices must include appropriate cost recovery, without which losses may occur and the operations become uneconomic. In setting prices for the market, the company needs to consider its competitive position or that of its products and services, and also the complexities in operating the business activities. Poor price setting…
For a company well into its third decade before launching its first property outside Thailand, Centara has certainly made up for lost time. The December 2009 opening of the Centara Grand Island Resort & Spa Maldives represented the first step in an ambitious international expansion that has, in the span of just 34 months, taken Centara’s overseas presence to nearly 20 hotels and resorts. Chris Bailey, senior vice president for sales and marketing, looks back at a remarkable three years and…
Describe the advantages and disadvantages of Portfolio Analysis, as it pertains to the BCG Growth-Share Matrix. The growth-share matrix once was utilized generally, yet has subsequent to blurred from ubiquity as more thorough models have been created. Some of its shortcomings are: • Market development rate is one and only calculate industry engaging quality, and relative piece of the overall industry is stand out variable in upper hand. The development offer framework neglects numerous…
wars. Standard wars are also called as Format wars because standardization can lead to companies to creating similar products to compete within the same market place. 2. Once standardization occurs, how does the industry benefit? Standardization can lead to lower transaction costs and improve savings structure for individual businesses. It could increase the competition within…
What would it be like if you had a watch that could tell you when you would die? Would you settle your personal affairs on order, if so at what price? Would you be tempted to buy products at a special discounted pricing that would bring negative outcome? In this thought-provoking book by Van Fleisher which depicts the current reality in the USA identifies what triggers within the society. Final Notice is a book that focuses on the tech advancements and the gun laws which currently operates…
Conclusions and Recommendations: Pacific Grove Spice Company is currently unable to comply with the bank's requirements with their current financial performance. However, Pacific should choose a few options to meet these requirements: first, they should acquire High Country Seasonings for $13.2 million since this is well below the $18 million book value of their equity, and the total value of the company would increase from the financial statements' consolidation. In addition, Pacific should…
working budget, their ability to reduce cost when needed is relatively low. We view this as a negative because of their inability to reduce cost in a bind. A business must be flexible when it comes to controlling costs and preparing for periods of low revenue volume. Timberlake is certainly on the right track in terms of budget control, but there is still room to improve. We suggest that Timberlake implement processes that allow them to better control costs, such as evaluating current…