Variables

Question 1. The operating budget includes the revenues and expenses during the fiscal year, while the cash budget focuses on the coming year. The operating budget is usually more in depth. The cash budget would let the people know if they have enough money on hand or will there be able to collect the money needed during the upcoming year. The focus of a cash budget would be to estimate the incoming revenues the company has coming in the upcoming year of the budget. It would allow…

a set percentage to the cost for the profit margin. This method is popular and easy to use. Assume you are the manufacturer of steel fences. You financial analysis showed the following: Variable costs R60 Fixed costs R15 000 Expected sales 5000 fences The unit cost for each fence is: Unit cost = Variable cost + Fixed cost Current…

Room. The GOPPAR is calculated by dividing the GOP available by the size rooms multiplied by the opening days will be divided (Appendix A). The overheads management, marketing, maintenance, energy, cleaning, disposal, and other expenses, including variable and fixed cost, are also imputed to fold to the divisions. Hotelier can boost up GOPPAR by increasing the ADR. GOPPAR, in general, provides an accurate indication of profitability as well as, an accurate perspective on hotel’s revenue…

Isocost curve is that curve represents the combination of inputs that will cost the producer the same amout of money. We get the slope of the isocost line. The isocost line shows the various combinations of labor and capital a firm can buy with a given price. The slope of isocost line = PL/Pk. In the given equation, the price of labour is indicated by PL and the price of capital is given by PK. The isocost line may change if the amount of money spent to buy factors changes but the slope…

Sheryl asked Thomas to provide her with Bridgestone’s annual budgetary income statement in a contribution margin format. She explained that this format is the basic foundation for CVP analysis since it presents revenues and expenses based on their variable or fixed behavior in relation to service activity (namely, volume of services). Sheryl’s understanding of Bridgestone’s operating environment and the contribution margin income statement will enable to provide suggestions regarding how to…

Materials, labor, and overhead were his responsibility. This was done to provide incentive to control all costs whether caused by use waste, damage, theft, or inefficiencies. The Apple iPhone 4 The iPhone 4 contained more than 100 components manufactured in plants located in Europe, Asia, and the United States. For examples, Samsung supplied flash memories and application processors, and Infineon (a German chip maker) supplied chips that send and receive phone calls and data. A gyroscope, new…

analyzing the data from the Actual Sales versus our Budget we found that our cost numbers were off. We had actually spent more than we had expected on our Variable Costs associated with volume and our Fixed Costs. Per our budget, our Variable Expenses should have been $13,890,000 and our Fixed Costs should have been $10,920,000. Our Actual Variable Expenses were $14,400,000 and our Actual Fixed Costs ended up being $11,190,000. We ended up being over budget on these costs by $780,000.00. Our…

THE CONCEPTS OF NEGATIVE BINOMIAL DISTRIBUTION AND ITS APPLICATIONS IN REAL LIFE. BY OWUSU BRIGHT. INTRODUCTION In centuries, human activities where outcomes are described either as success or failure, has been a concern in the history of probability and statistics. In the act of tossing a coin, throwing a die to obtain a 6, either a machine work or fails, a student passing an exam or not and so on are events whose end results are either a yes or no, good or bad, present or absent, success or…

ENG 103 HAND OUTS I. DATA ANALYSIS: Tabular Presentation Introduction to Data Analysis Why do we analyze data? Make sense of data we have collected Basic steps in preliminary data analysis Editing Coding Tabulating Introduction to Data Analysis Editing of data Impose minimal quality standards on the raw data Field Edit -- preliminary edit, used to detect glaring omissions and inaccuracies (often involves respondent follow up) Completeness Legibility Comprehensibility…

EXECUTIVE SUMMARY Ocean Carriers Inc. is a global provider and operator of capesize dry bulk carriers carrying mainly iron ore. The objective of this analysis is to determine whether Ocean Carriers should launch the two year production of a new capsize carrier incurring costs of $39 million. To thoroughly analyze this decision, various factors should be considered such as net present value of future cash flows, current and future expectations of supply and demand determining costs of…