Setting goals and getting commitment
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Savings investments
Here are the key financial goals I understood from your situation:
- Support your retired parents
- Save Rs. 15 lakh each for your daughters' education by age 18-20
- Save Rs. 20 lakh each for their marriage by age 25-27
- Pay home loan of Rs. 29 lakh which has an EMI of Rs. 49,100
Given your current incomes, expenses and PF balance, focus on the following to achieve your goals:
1. Continue monthly contributions to PF for retirement
2. Invest surplus amounts each month in short to medium term debt funds
3. Consider health/term insurance for family protection
4. Explore tax saving investments under section 80C
Facebook For Your Business
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Thomas James Profile
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Test di carico con Visual Studio Online: facile!
Quando sviluppiamo le nostre applicazioni funziona sempre tutto, non appena aumenta il numero di utenti il sistema inizia ad avere qualche problema.
Ma come possiamo assicurarci che il software funzioni anche sotto carico? Devo per forza avere un laboratorio di test con centinaia di macchine?
Vediamo come poter fare test di carico in modo semplice, veloce e senza dover impazzire con le configurazioni grazie a VSO.
Gate2Shop Overview September 2013
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Savings investments
Here are the key financial goals I understood from your situation:
- Support your retired parents
- Save Rs. 15 lakh each for your daughters' education by age 18-20
- Save Rs. 20 lakh each for their marriage by age 25-27
- Pay home loan of Rs. 29 lakh which has an EMI of Rs. 49,100
Given your current incomes, expenses and PF balance, focus on the following to achieve your goals:
1. Continue monthly contributions to PF for retirement
2. Invest surplus amounts each month in short to medium term debt funds
3. Consider health/term insurance for family protection
4. Explore tax saving investments under section 80C
Facebook For Your Business
This document outlines the benefits of creating a Facebook Fan Page for a business. It notes that Facebook has over 500 million active users who spend more time on Facebook than other major websites. A Facebook Fan Page allows a business to build a community, gain credibility with customers, increase leads, and promote events and sales. The document provides tips on customizing a Fan Page, maintaining it with regular posts, and the types of engaging content to share.
Thomas James Profile
TJCI has provided event services nationwide since 1993, specializing in integrated city-wide planning for events of all sizes and scopes. They have experience managing budgets, entertainment, permits, security, transportation, venues, and more for high profile events such as Super Bowls, the Olympics, and National Senior Games. Their representative experience includes roles for the 2011 Houston Senior Games, Super Bowl Gospel Celebration, and 1996 Olympic Games in Atlanta.
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The document discusses crossing the "sales chasm" that technology products often face when transitioning from early adopters to the mainstream market. It references the book "Crossing the Chasm" which analyzed why some tech businesses succeed while others fail when reaching a broader customer base. The author then shares their experience with two companies, one which successfully crossed the chasm through redesigning its product and building organizational support, while another exited ownership without crossing due to lack of a global sales network. Upcoming entrepreneurship events are also listed.
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Quando sviluppiamo le nostre applicazioni funziona sempre tutto, non appena aumenta il numero di utenti il sistema inizia ad avere qualche problema.
Ma come possiamo assicurarci che il software funzioni anche sotto carico? Devo per forza avere un laboratorio di test con centinaia di macchine?
Vediamo come poter fare test di carico in modo semplice, veloce e senza dover impazzire con le configurazioni grazie a VSO.
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The document discusses the importance of managing people issues in project management. It states that projects often fail due to insufficient focus on how the project affects people and their level of commitment. It also discusses challenges such as dealing with diverse teams, motivating employees without long-term job stability, and managing conflicts between teams and organizations. Throughout the project, the manager must address issues like team retention, performance reviews, and stakeholders that join or leave the project.
Project team, culture, ethnic diversity
This document discusses how organizational culture influences project success. It defines organizational culture as shared assumptions, values and behaviors that characterize how an organization functions. Certain cultural characteristics like member identity, group emphasis and risk tolerance are better for project work. A project manager must understand the organization's culture to effectively manage projects and emulate the management style. Culture can impact project planning, department interactions and performance evaluation.
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Simple monopoly
1) Simple monopoly occurs when a single firm sets a uniform price for its product across all markets, while discriminating monopoly charges different prices for the same product in different markets.
2) Under discriminating monopoly, profits are higher than under simple monopoly since different prices can be charged based on demand elasticities.
3) For discriminating monopoly to be profitable, the price elasticity of demand must differ between markets and the markets must be separable to prevent resale.
Profit and loss account
This document discusses accounting concepts for managers, including:
1. The trading account is used to calculate gross profit by subtracting the cost of goods sold from sales. Opening and closing inventory are debited and credited, respectively, and purchases less returns are debited.
2. The profit and loss account calculates net profit by subtracting expenses from gross profit. Expenses are debited whether paid or not, and incomes are credited whether received or not.
3. Capital expenditures provide long-term benefits while revenue expenditures only benefit the current year and are debited to the profit and loss account. Trading and profit and loss accounts determine profit or loss over a period.
Oligopoly
The equilibrium is (Low, Low). This is because at (Low, Low) neither firm has an incentive to unilaterally change its strategy. While (High, High) would be more profitable, each firm would have an incentive to deviate from this strategy by choosing Low. For the equilibrium to be stable, no firm should have an incentive to deviate - which is true at (Low, Low) but not at (High, High).
Monopoly
A monopoly is a market structure with a single seller and no close substitutes. There are three key characteristics: 1) only one firm, 2) no close substitutes, and 3) high barriers to entry. Sources of monopoly include owning strategic resources, patents, government licenses, and large economies of scale. As the sole provider, a monopolist faces an inelastic downward-sloping demand curve and sets price. It aims to operate where marginal cost equals marginal revenue to maximize profits in the short run. In the long run, it will remain if earning abnormal or normal profits but exit if facing losses unless subsidized.
Monopolistic competition
Monopolistic competition describes a market with many small businesses that sell differentiated but substitutable products. While firms have some control over prices due to product differences, barriers to entry are low and many competitors result in zero long-run profits. Each firm faces a downward-sloping demand curve and engages in non-price competition like advertising. In the short-run, firms can earn profits or losses, but in the long-run free entry and exit forces prices down to match average costs.
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Introduction to accounting
Accounting is the technique of recording, classifying, and summarizing financial transactions and interpreting the results. It involves recording business transactions in journals and ledgers, grouping like transactions, and preparing financial statements like the trial balance, income statement, and balance sheet. The double-entry system records both aspects of each transaction to ensure accuracy and allow calculation of profit and financial position. Financial accounting focuses on external reporting while cost and management accounting support internal decision making.
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Financial accounting
The document provides an overview of financial accounting. It discusses that financial accounting prepares financial reports for external parties according to GAAP, while managerial accounting is for internal decision making. It outlines the requirements to become a CPA, and explains that accounting standards like GAAP provide consistent financial reporting. It also describes the difference between accrual and cash accounting methods, underlying accounting concepts, and the four main financial statements. Finally, it discusses double entry bookkeeping and the fundamental accounting equation of assets equaling liabilities plus equity.
Cost benefit
This document outlines key concepts in cost-benefit analysis for public projects. It discusses how to measure costs, both current and future, and benefits. Costs include direct financial outlays as well as opportunity costs. Benefits include time savings and statistical lives saved. Valuing both costs and benefits requires determining social costs by considering market failures and discounting future values. Putting costs and benefits together allows evaluating projects while addressing issues like uncertainty and distributional impacts.
Cost management for mba
Cost accounting and management is important for several reasons:
1) To ascertain accurate product costs for costing, pricing, and decision making. Costs are classified and allocated to products and processes.
2) To estimate costs for bidding on contracts or jobs.
3) To match costs to revenues for determining profits. Profits equal revenues minus cost of goods sold.
4) To identify areas for cost reduction and control costs through variances. This aids management and improves decision making.
The key considerations for installing an effective cost accounting system include understanding the business, organization, production methods, management needs, and ensuring the system is simple, standardized, accurate, flexible, and has benefits exceeding costs. Cost centers
marginal costing
Marginal costing is a technique that differentiates between fixed and variable costs. It treats variable costs as product costs and fixed costs as period costs. Under marginal costing, only variable costs are considered in inventory valuation. Absorption costing treats both fixed and variable costs as product costs and includes a share of fixed costs in inventory valuation. The chapter provides definitions and concepts related to marginal costing, characteristics that distinguish it from absorption costing, and how profit is calculated differently under each method.
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project management leadership, motivation,communication
Leadership in project management involves inspiring confidence in the project team to achieve organizational goals. As the leader, the project manager influences the team to complete the work through the process of leadership. True leadership from the project manager has been shown to be critical for successful project management. Successful project managers create a partnership with the project team through exchanging purpose, allowing teams to say no, sharing accountability, and absolute honesty.
project management change
This document discusses change management and its importance in organizational change. It notes that businesses must constantly adapt to changing environmental conditions in order to survive. Some key factors driving change include globalization, rapid technological advances, and changing skill requirements. True implementation of change goes beyond just installing new systems and requires commitment from employees to adopt new behaviors. Change management focuses on the human aspects of change to help organizations achieve expected benefits from projects, not just install new systems. An integrated approach considering both change management and project management principles is needed to ensure successful implementation of changes.
People issues in project management
The document discusses the importance of managing people issues in project management. It states that projects often fail due to insufficient focus on how the project affects people and their level of commitment. It also discusses challenges such as dealing with diverse teams, motivating employees without long-term job stability, and managing conflicts between teams and organizations. Throughout the project, the manager must address issues like team retention, performance reviews, and stakeholders that join or leave the project.
Project team, culture, ethnic diversity
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Increasing your compumatrix revenue through google+
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Trading profit and loss account
The document discusses income statements and trading accounts, which are used to determine business profits. An income statement shows revenues, expenses, and net income over a period. A trading account is the first section of an income statement and calculates gross profit by subtracting the cost of goods sold from sales. It includes items like opening stock, purchases, wages, and closing stock. The second section is the profit and loss account, which calculates net profit by subtracting expenses from gross profit. Examples of expenses include salaries, rent, depreciation, interest, and bad debts. The document provides examples of how to prepare trading accounts and profit and loss accounts.
Simple monopoly
1) Simple monopoly occurs when a single firm sets a uniform price for its product across all markets, while discriminating monopoly charges different prices for the same product in different markets.
2) Under discriminating monopoly, profits are higher than under simple monopoly since different prices can be charged based on demand elasticities.
3) For discriminating monopoly to be profitable, the price elasticity of demand must differ between markets and the markets must be separable to prevent resale.
Profit and loss account
This document discusses accounting concepts for managers, including:
1. The trading account is used to calculate gross profit by subtracting the cost of goods sold from sales. Opening and closing inventory are debited and credited, respectively, and purchases less returns are debited.
2. The profit and loss account calculates net profit by subtracting expenses from gross profit. Expenses are debited whether paid or not, and incomes are credited whether received or not.
3. Capital expenditures provide long-term benefits while revenue expenditures only benefit the current year and are debited to the profit and loss account. Trading and profit and loss accounts determine profit or loss over a period.
Oligopoly
The equilibrium is (Low, Low). This is because at (Low, Low) neither firm has an incentive to unilaterally change its strategy. While (High, High) would be more profitable, each firm would have an incentive to deviate from this strategy by choosing Low. For the equilibrium to be stable, no firm should have an incentive to deviate - which is true at (Low, Low) but not at (High, High).
Monopoly
A monopoly is a market structure with a single seller and no close substitutes. There are three key characteristics: 1) only one firm, 2) no close substitutes, and 3) high barriers to entry. Sources of monopoly include owning strategic resources, patents, government licenses, and large economies of scale. As the sole provider, a monopolist faces an inelastic downward-sloping demand curve and sets price. It aims to operate where marginal cost equals marginal revenue to maximize profits in the short run. In the long run, it will remain if earning abnormal or normal profits but exit if facing losses unless subsidized.
Monopolistic competition
Monopolistic competition describes a market with many small businesses that sell differentiated but substitutable products. While firms have some control over prices due to product differences, barriers to entry are low and many competitors result in zero long-run profits. Each firm faces a downward-sloping demand curve and engages in non-price competition like advertising. In the short-run, firms can earn profits or losses, but in the long-run free entry and exit forces prices down to match average costs.
Microeconomics
The document discusses the basic economic problems of scarcity and choice, and defines microeconomics as the study of decision-making by individual agents. It also outlines the four factors of production - land, labor, capital, and entrepreneurship - and how they are paid rent, wages, interest, and profits respectively. The notes explain the concepts of full employment, underemployment, and the three components of economic efficiency: allocative, productive, and dynamic.
Introduction to accounting
Accounting is the technique of recording, classifying, and summarizing financial transactions and interpreting the results. It involves recording business transactions in journals and ledgers, grouping like transactions, and preparing financial statements like the trial balance, income statement, and balance sheet. The double-entry system records both aspects of each transaction to ensure accuracy and allow calculation of profit and financial position. Financial accounting focuses on external reporting while cost and management accounting support internal decision making.
business economics
This document outlines a Business Economics course offered at an engineering institution. The 3 credit, 3rd year course introduces students to basic microeconomic and macroeconomic principles, tools, and analysis. It aims to help students make better business and investment decisions. The syllabus covers topics like demand and supply, costs and profits, markets, national income accounting, monetary policy, and capital budgeting. Students will learn to analyze firms and the economy under different conditions, prepare basic financial statements, and evaluate projects and policies. Evaluations include assignments, internal exams, and an end semester exam assessing content from all topics.
Financial accounting
The document provides an overview of financial accounting. It discusses that financial accounting prepares financial reports for external parties according to GAAP, while managerial accounting is for internal decision making. It outlines the requirements to become a CPA, and explains that accounting standards like GAAP provide consistent financial reporting. It also describes the difference between accrual and cash accounting methods, underlying accounting concepts, and the four main financial statements. Finally, it discusses double entry bookkeeping and the fundamental accounting equation of assets equaling liabilities plus equity.
Cost benefit
This document outlines key concepts in cost-benefit analysis for public projects. It discusses how to measure costs, both current and future, and benefits. Costs include direct financial outlays as well as opportunity costs. Benefits include time savings and statistical lives saved. Valuing both costs and benefits requires determining social costs by considering market failures and discounting future values. Putting costs and benefits together allows evaluating projects while addressing issues like uncertainty and distributional impacts.
Cost management for mba
Cost accounting and management is important for several reasons:
1) To ascertain accurate product costs for costing, pricing, and decision making. Costs are classified and allocated to products and processes.
2) To estimate costs for bidding on contracts or jobs.
3) To match costs to revenues for determining profits. Profits equal revenues minus cost of goods sold.
4) To identify areas for cost reduction and control costs through variances. This aids management and improves decision making.
The key considerations for installing an effective cost accounting system include understanding the business, organization, production methods, management needs, and ensuring the system is simple, standardized, accurate, flexible, and has benefits exceeding costs. Cost centers
marginal costing
Marginal costing is a technique that differentiates between fixed and variable costs. It treats variable costs as product costs and fixed costs as period costs. Under marginal costing, only variable costs are considered in inventory valuation. Absorption costing treats both fixed and variable costs as product costs and includes a share of fixed costs in inventory valuation. The chapter provides definitions and concepts related to marginal costing, characteristics that distinguish it from absorption costing, and how profit is calculated differently under each method.
Capital budgeting
- Capital budgeting refers to the process of making investment decisions regarding long-term assets. It involves evaluating potential capital projects and determining which ones to undertake.
- Capital budgeting decisions are important because they impact the firm for several years. A bad decision can significantly affect the firm's future operations.
- Common techniques for evaluating capital projects include payback period, net present value (NPV), and internal rate of return (IRR). The NPV and IRR methods account for the time value of money, unlike payback period.
Capital budgeting irr arr
This document provides an overview of various capital budgeting techniques. It begins by introducing capital budgeting techniques under certainty, which are divided into non-discounted cash flow criteria and discounted cash flow criteria. The non-discounted criteria discussed are payback period and accounting rate of return. The discounted cash flow criteria discussed are net present value, internal rate of return, and profitability index. The document then explores each technique in detail and discusses their strengths and weaknesses for evaluating investment projects. It provides examples to illustrate how to calculate each technique.
Break even-point
Sal and Mario's Pepperoni Delight Restaurant sells only pepperoni pizza. To understand their business finances, the document introduces key concepts like revenue, expenses, profit, fixed costs, and variable costs. It then explains the important concept of break-even point, where total revenue equals total expenses and profit is zero. The document provides an example of calculating break-even point for Sal and Mario's pizza business. It determines their break-even sales units as 1,273 pizzas and break-even sales dollars as $12,730. Understanding these financial fundamentals is important for successfully starting and running any business.
Bitcoin
This document provides an overview of Bitcoin, a decentralized virtual currency. It begins by defining virtual currency and explaining how Bitcoin differs from traditional national currencies. Bitcoin works through a peer-to-peer network that verifies transactions by consensus of users rather than a central authority. Transactions are recorded through encrypted messages exchanged between users. The document then discusses how Bitcoin can be purchased and used for payments, as well as current levels of usage in Sweden. It concludes by considering both the benefits and risks of Bitcoin and other virtual currencies.
Break even analysis
1. Break-even analysis determines the output level at which total revenue equals total cost. It provides an easy way to examine the effects of changes in price, variable costs, and fixed costs on break-even point and degree of operating leverage.
2. Under the assumptions of constant price and average variable cost, break-even output can be calculated as total fixed costs divided by the difference between price and average variable cost.
3. The degree of operating leverage expresses the sensitivity of profits to changes in output. It is equal to the percentage change in profits divided by the percentage change in units sold.