Describe the activities of any small business you know or are familiar with (e.g physical, online). Using the framework for designing annual objectives, discuss how the small business in question will apportion annual objectives to it staff and control the process
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Describe the activities of any small business you know or are familiar with (e.g physical, online). Using the framework for designing annual objectives, discuss how the small business in question will apportion annual objectives to it staff and control the process
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- Describe the activities of any small business you know or are familiar with (e.g. physical,online). Using the framework for designing annual objectives, discuss how the smallbusiness in question will apportion annual objectives to its staff and control the processStrategy The table below contains the names of six companies. Required: For each company, categorize its strategy as being focused on customer intimacy, operational excellence, or product leadership, if you wish to improve your understanding of each company’s customer value proposition before completing the exercise, review its most recent annual report. To obtain electronic access to this information, perform an Internet search on each company’s name followed by the words “annual report.”Indicate in the following chart the most likely source of information for each business decision. Use M for managerial accounting information and F for financial accounting information. Business Decision 1. Determine whether to lend to a company 2. Evaluate a purchasing department’s performance 3. Report financial performance to board of directors . 4. Estimate product cost for a new line of shoes 5. Plan the budget for next quarter . 6. Measure profitability of an individual store 7. Prepare financial reports according to GAAP . 8. Determine location and size for a new plant
- 1.With one example each state and explain 5 outputs derived from Business policy 2. Using examples explain how goals, targets, annual objectives and long term objectives will be different among corporate bodies , public sector institution and governmental organization. 3. Describe the activities of any small business you know or are familiar with. Using framework for designing annual objectives, discuss how the small business in question will apportion annual objectives to it's staff and control the processClassify each of the following actions as either being associated with the financial accounting information system (FS) or the cost management information system (CMS): a. Determining the total compensation of the CEO of a public company b. Issuing a quarterly earnings report c. Determining the unit product cost using TDABC d. Calculating the number of units that must be sold to break even e. Preparing a required report for the SEC f. Preparing a sales budget g. Using cost and revenue information to decide whether to keep, or drop, a product line h. Preparing an annual statement of financial position that conforms to generally accepted accounting principles (GAAP) i. Using cost and revenue information to decide whether to invest in a new production system or not j. Reducing costs by improving the overall quality of a product k. Using a debt-equity ratio and liquidity ratios from a balance sheet to assess the likelihood of bankruptcy l. Using a public companys financial statements to decide whether or not to buy its stockFor the following activitie, explain which of the objectives of managerial accounting activity is involved. In some cases, several objectives may be involved. Estimating the annual operating cost of a newly proposed Wells Fargo branch bank.
- The purpose of the __________ is to provide information to management and ownership about the financial performance (profitability) of the restaurant over a given period of time? a income statement b balance sheet c productivity analysis d budget forecastOrganizational charts ________. Group of answer choices list the salaries of all employees outline the strategic goals of the organization show the structure of an organization help management measure financial performanceABC bank offers a Business Grant to encourage a fresh graduate to become an entrepreneur. However, to apply this Business Grant, you need to explain in general the overview of your business. Therefore, using the Business Model Canvas approach, develop your strategy to run ANY BUSINESS IDEA by illustrating Business Model Canvas based on NINE (9) areas, including customer segment, value proposition, marketing channels, customer relationships, key partners, key activities, key resources, cost structure, and revenue stream.
- Select each of the terms with the best description of its purpose. Definitions Terms 1. Planning future business actions and expressing them as formal plans. 2. A comprehensive business plan that includes operating, investing, and financing budgets. 3. Employees who will be evaluated by a budget help prepare it. 4. Shows expected cash inflows and outflows and helps determine financing needs. 5. An approach that requires all expenses to be justified for each new budget. 6. A formal statement of future plans, usually expressed in monetary terms. 7. Approach in which top management passes down a budget without employee input. 8. Management's use of budgets to see that planned objectives are met.Describe the business and its core operations. Explain what data you would use to inform the budget and why this data would be relevant. Who else would you involve in developing the budget? Draw up the budget to cover the next financial year. Explain how the budget would be used to monitor the financial performance of the organisation. List and explain the application of statutory and legislative requirements as they apply to financial management within a business organisation. Write a report explaining how the budget that you have developed contributes to financial management. Present this report verbally in order to demonstrate your communication skills as well as the ability to explain budgets and deal with questions. Analyse the existing financial management approaches of the organisation. Are there any recommendations you should make and what are they? What software packages/ programs have you used when developing the budget and how did these assist?Consider the national nonprofit organization the American Red Cross. Assume you are the regional director of the organization, and you just received the quarterly financial reports. Even though the organization is a nonprofit, assume it is set up as a profit center because it is helpful for the financial reports to show both donations and expenses by each region/location. One particular report shows there is one location in your region that is extremely over budget on nearly every expense item. From a management perspective, can you think of a reason(s) when going over budget might actually be a good thing? As the regional manager, how might you respond to the overages to help the particular location in the future?