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It is the most practical way of estimating working capital needs. In such method, the finance manager gets ready a working capital forecast. While preparing such forecast, firstly
I WANT TO KNOW THE RULES FOR DOING LIFO AND FIFO
The Rohr Company’s old equipment for making subassemblies is worn out. The company is considering two courses of action: (a) Completely replacing the old equipment with new equipme
Moore Company uses process costing. The following information was available for October: During October, 1,000 units were started, and costs incurred during the month were
Decision Making Process Decision making is the process of choosing among alternatives. There are 7 steps that should be followed as shown in figure below: Figure:
Difference between budgetary control and standard costing Budgetary control The budgets are prepared for the concern as a whole. The budgets are fixed on the basis of p
the applicability of standard costing in modern manufacturing environments in volatile environments
Capital Project comparing hybrid vs non-hybrid cars.
Extensions to Linear Programming In many real situations the solutions to linear programming models make sense only if they have integer values. Rounding off the linear programmi
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