MAC 3
CH8. Cost Approaches to Pricing
CH 9. Forecasting Methods
CH 11. Cash management
CH 13. Capital Budgeting
CH 10. Operations budgeting
detailed operating pland by profit centers
Cash budget
Capital budget
Annual operation budget needs to be subdevided in monthly plans for the effectively
Reasons why budgeting
purpose of budgeting, allowing the management to acomplish 3 functions, Planning, Execution and Control
Budget preperation: Financial objectives, Revenue forecasts, Expense forecasts, Net income forecasts
Long-term profit maximization
Cost containment
Variances (favorable or unfaverable)
GEBLEVEN BIJ 10.8
click to edit
Price elasticity
The Hubbart formula
Change in quantity demanded / base quantity
Change in price / base in price
Hubbart Formula
click to edit