Coin Jars!!!! – Financial Management – MilitarySOS.com
Coin Jars!!!! Financial Management. … Financial Management Frugal families and money management discussion. Page 1 of 2, 1, 2 · >. Thread Tools. Old Today, 09:48 AM. Ellen. Where has Morality Gone???? Ellen’s Avatar … read more…
The Blog World Of Pinky-x: + F9 Financial Management
+ F9 Financial Management. I had the first of my ACCA exams today (i do two exams every six months). For some reason i kept thinking that i was revising for the wrong exam =/ When i got to the exam room and starting filling in my … read more…
London Jobs » Financial Manager with fluent Russian
The Financial Manager with fluent Russian will be managing the Finance Department and contributing financial expertise to the Senior Management Team. The Financial Manager with fluent Russian will also be leading a team and ensuring … read more…
From Google Blog Search
Weathering Through This Financial Crisis
If you’re like a lot of people, you may have stumbled across some harder times when it comes to your money in this struggling economy. Many people are struggling with their new set of circumstances, a… read more…
Cara Membuat Blog untuk Memperoleh $10 Per Hari – Emang Bisa?
Jika Anda masih bingung bagaimana cara membuat blog yang bisa menghasilkan $10 per hari melalui program Ads… read more…
8 Tips on How to Succeed in a Small Business
A lot of individuals nowadays aspire to be entrepreneurs. Why is this so? Compared to a regular employee, business owners have full control of their time. So most aspiring entrepreneurs think of getti… read more…
From GoArticles.com
SOUTV: ServCorp 3 Keys to Success: Importance of Culture
Culture is the cornerstone to business. Daniel de Lange of Asia Capital Holdings shares the importance of cultural understanding. Simple steps to better understanding. This is the third episode of a 7 part though leader series sponsored by ServCorp Smart Offices. http://blog.servcorp.com.hk
Open Question: if no audit is performed of the current year’s financial statements, but audit firm has performed satisfactory?
if no audit is performed of the current year’s financial statements, but audit firm has performed satisfactory audits in the prior years, has a confidence in management of the company, and makes a quick review of the current year’s financial statement a qualified report may be issued”
Open Question: accounting questions?
The Mountain View Senior Adult Program (MVSAP) is interested in starting a visiting nurse program. The program would use licensed practical nurses to make home visits once a week to full-pay clients in the community. The MVSAP will treat the visiting nurse program as a profit center. If the visiting nurse program is successful and profitable, the profits will be used to expand the program to partialpay and no-pay clients during the second year of operation. The executive director is not sure how best to implement the program. She has two major alternatives.
The first alternative is to hire a small number of nurses and make them full-time employees. The second alternative is to contract with several nurses who would be interested in working part-time. To help in thinking through this financial management decision situation, the executive director decides to compute a series of BEPs based on contracting for the service and based on hiring one, two, and three full-time nurses.
The executive director makes the following assumptions about the new visiting nurse program:
The price of the service will be set at $65 per visit.
One full-time nurse position can provide a maximum of 120
one-hour visits per month.
If the service is contracted, the agency plans to pay the
contract nurses at the rate of $45 per visit including
the cost of supplies.
If the agency hires the nurses, the monthly salary will be
$4,000 and the agency plans on spending an average of
$10 per client per visit for supplies.
Regardless of the method of service delivery (direct or
contract) and regardless of the number of nurses hired,
the agency plans to charge (allocate)$4,000 per month
in indirect costs to the visiting nurse program.
Compute four annualized BEPs assuming the following: (1) the service is contracted, (2) one full-time nurse is hired, (3) two full-time nurses are hired, and (4) three full-time nurses are hired. What are the four BEPs? Why do these BEPs differ? Are all of these BEPs feasible solutions? If you were the executive director of the Mountain View Senior Adult Program, what method of service delivery (direct or contract) would you use? Why?
Open Question: If your research uncovers a surprising growth trend in your industry….?
1. If your research uncovers a surprising growth trend in your
industry, you’ll have to revise the _______ section of your
business plan.
A. market profile C. operating plant
B. demographics D. processes
2. Sarah and Stephanie are determined to make their business
plan look as professional as possible. In order to make sure
it’s organized and presented correctly, they’ve decided to
A. hire a reliable attorney to look it over.
B. do extra research on their target market.
C. buy a software program made for the purpose.
D. focus on their anticipated profit margin.
What is meant by the phrase “charging whatever the market will bear”?
A. Your price can’t be more than customers are willing to pay.
B. You have to undercut your competition.
C. You should keep raising prices until business drops off.
D. Customers believe that higher prices mean better quality.
4. Lindsey Birch is planning a van service to transport large or unmanageable pets to their
veterinarians. In the Business Information section of her business plan, she writes that
she believes her service will succeed because
A. her competition is clueless.
B. it will solve a problem.
C. it’s a creative idea.
D. cats are generally difficult creatures.
5. After you set a price for your product, you discover that your competitors are selling the
same thing at a significantly lower price. One reasonable option you have is to
A. use the cost plus model.
B. lower your price, but add a service charge.
C. raise your profit margin.
D. find a way to lower your costs.
6. Charles Zimmerman owns an acre of swampy land just off the interstate. He would like to
pave the surface and build a gas station and truck stop on the lot. While doing research for
his business plan, he will want to pay special attention to
A. oil company advertising. C. management issues.
B. legal and regulatory requirements. D. Commerce Business Daily.
The main purpose of writing a business plan is to
A. have a document to file with your incorporation papers.
B. meet a state requirement for new businesses.
C. inform employees of your business philosophy.
D. prepare a “blueprint” for the development of your business.
8. You’ve designed the floor plan of your restaurant and an efficient traffic pattern for patrons,
servers, and other staff. In your business plan, these actions are called
A. industry standards. C. staff evaluations.
B. performance measures. D. processes.
9. Before setting your prices, it’s wise to
A. ignore your competitors’ prices.
B. subtract your profit margin from your costs.
C. research industry standards.
D. memorize the formula for cost plus.
Caroline’s Jewelry and Gifts is located between a hardware store and a sports bar. While
her target market is adult women of medium income, who would be a logical secondary
target market?
A. Men who want to buy a gift C. Grandparents
B. Women with very high incomes D. The general public
11. Rachel plans to set up a beautifully furnished office for her interior decorating business.
She will describe it in her business plan under the heading
A. Current Trends. C. Processes.
B. Inventory. D. Plant and Equipment.
12. Dan’s plant will require two shifts of skilled workers, seven days a week. As he does his
research, he will pay particular attention to
A. performance measures. C. his target market.
B. the labor market. D. regulatory restrictions.
13. John would like to contact several trade associations, but he’s not sure where to look for
information. What is the most efficient way for John to find the information he wants?
A. Ask a librarian. C. Contact the SBA.
B. Search the D&B Database. D. Check out hoovers.com.
14. It’s important for business owners to develop values and a philosophy of doing business.
These viewpoints will be expressed in your
A. Overview. C. mission statement.
B. background information. D. Processes section.
15. You’ve begun a Web search for information on several suppliers you’re considering for your
business.Which of the following do you expect will have the most accessible information
for your research?
A. A small, family-owned company C. A local business
B. A publicly held company D. A sole proprietorship
16. Because of its importance in summarizing your strategy, the Introduction and Overview of
your business plan should be
A. written before you begin your research. C. written last.
B. repeated in a cover letter. D. lengthy and detailed.
17. When Jack Cooper started his excavating service, his business plan mentioned his only
competitor as “a kid with an old dump truck.” Three years later, Jack was in financial
trouble and the “kid” bought him out, proving the importance of
A. taking your competition seriously. C. forming a corporation.
B. planning for bankruptcy. D. choosing the right location.
Calvin and Liz have summarized several lengthy research items for their business plan.
In case an investor
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