Mineral Resource Rent Tax Policy

Theoretical This short paper will look at multidomestic and transnational business systems utilizing McDonalds, Coca Cola, and Disney to exhibit the two methodologies. The paper will finish up with figuring out which technique is best for the organization Trader Joe’s; the organization utilized for Global Business Management’s last undertaking. Week 5 Short Paper: Business Strategies This short paper will look at multidomestic and transnational business procedures utilizing McDonalds, Coca Cola, and Disney to show the two methodologies. As huge item fabricating associations proceed to extend and develop universally, their worldwide arrive voluntarily acquire their items to purchasers those areas. Moving into these nations accompanies a move in business procedure with an end goal to execute a fruitful selling effort. Two instances of these techniques are multidomestic and transnational organizations. Organizations that follows a multidomestic technique accommodates its items to every nation where they direct business. In addition, the association builds up an assortment of generally free working auxiliaries, every one of which centers around a particular residential market (Ireland, Hoskisson, Hitt, 2008, p. We will compose a custom paper test on Week 5 Short Paper: Business Strategies or on the other hand any comparative point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page 169). The nation’s most famous burger chain, McDonalds is an ideal case of the multidomestic methodology. McDonald’s has a worldwide nearness that spreads across 119 nations every single occupied mainland. McDonalds’ has turned the home of Le Cordon Bleu cooking foundations and Michelin Guide of world-eminence eateries into its second most beneficial market on the planet. The chain has in excess of 1200 eateries in France. Every one of the areas in France are privately claimed. McDonald’s development rate is 30 cafés every year (Fancourt, Lewis, Majka, 2012). McDonald’s explores each country’s nearby traditions and nourishments before settling on the bearing for their menu and opening of stores. For instance, the café areas in India don't sell sandwiches made with meat. This is expected to India’s culture where bovines are seen as sacrosanct. Another case of this system is utilized by a notable amusement park that has effectively ventured into Tokyo and France among different nations. This notable amusement park is as a matter of fact Disney Magic Kingdom. The move into France required an examination of France’s culture. The recreation center obliges France’s nearby traditions. The amusement park rides are custom fitted to the flavors of the European people group. At the point when the amusement park at first opened, business endured because of the new culture. Extra examination was led to guarantee a superior comprehension of the way of life and to make sure about progress. Disney Hong Kong utilized the accompanying investigation to decide the suggestions to designing and planning esteem chains. Advertising and deals was one zone broke down. Notice was conveyed through the papers and informal exchange of its clients. Extraordinary occasions for celebrations and events, for example, Chinese New Year and joint advancement with nearby attractions. Imports from Tokyo Disneyland combined with utilizing Hong Kong originator Vivienne Tam to structure the Chinese outfit for the characters. From a human asset point of view, Asian workers were enrolled. This helped the joblessness issues in Asia. Disney University was utilized to situate and prepare staff (Thinking Made Easy, 2010). In addition, Disney gain from botches, center around the nearby networks, and in this way diminish their misfortune, benefit, and increment participation yearly. Transnational procedure is utilized by organizations that sell items in various nations over the world. This technique varies in the strategy the item is advertised in every nation. The item keeps up progression regardless of which nation it is being sold. The item respectability stays flawless and isn't altered by neighborhood customs or inclination. Coca Cola, a notable soda organization is an extraordinary case of a transnational item. Coca Cola’s refreshment mystery formula has not changed in numerous years. Their items are sold in more than 200 nations worldwide and keeps up a similar drink plan in every nation. The container name mirrors every nations nearby language; be that as it may, the log and substance looks after coherence (Hartman Media, n. d. ). Dealer Joe’s is the organization utilized in the course’s last undertaking. The procedure utilized for showcasing the organization in Canada is that of multidomestic. The organization will profit by this methodology as it is a claim to fame store whose achievement is based on serving the network with items that offers some universal intrigue in their item contributions. The restrictions will stop by the exploration and connections that will be required for progress. Broker Joe’s one of a kind plan of action is based on their technique of purchasing straightforwardly from both nearby and worldwide little sellers. Taking everything into account, an organization like Trader Joe’s, who has keep up progress with savvy, very much arranged business systems corresponding to development, will be exhorted in my last paper to venture into Canada utilizing the multidomestic business procedure. Building associations with neighborhood sellers to buy items will be basic to their prosperity.

Management Concepts

Administrative dynamic Problem avoiders Problem solvers Problem searchers Approaches to dynamic Classical choice model Behavioral choice model Judgmental choice model 2. With references to dynamic hypothesis canvassed in the section, depict the sort of administrative dynamic clear for this situation, and the conditions under which choices were made. Administrative Decision Making *Problem avoidably issue solvers *Problem searchers Decision conditions: *Certain condition *Risk condition unsure condition 3.Evaluate the choices put forth in the defense according to the old style, social and Judgmental heuristics ways to deal with dynamic that are illustrated In the section. Which model do you accept best portrays the circumstance and resulting dynamic procedure For this situation? Legitimize your answer? Ways to deal with dynamic Classical choice model Judgmental choice model Case choice *Classical choice model Problem: it was the flood that harm Brisbane and PhysicsPossible other optio n: Not discharging rising waters. Thusly undermined soundness of dam Optimizing choice: Release of rising waters monitoring potential harm. Residue Analysts: Strengths: *New innovation *They set needs *Manage time Weakness: Lack of correspondence Misunderstanding Misconduct Problem illuminating Crisis Opportunities: *Professional engineer *Employment Threats: Natural debacle (environmental change) Damage streets and homes. End People should settle on shrewd choice to spare the life's of the others.

Literary Activism of the U.S. Womans Suffrage Movement

Literary Activism of the U.S. Womans Suffrage Movement Book Riot is featuring ways to be a literary activist this week. See all the posts here. On January 8th, 1868, Susan B. Anthony and George Francis Train launched the first womans suffrage newspaper in the U.S. The Revolution with the slogan Women, Their Rights, and Nothing Less. Between 1878 and 1890, 33 womans suffrage newspapers followed suit. From the beginning of the movement, writing helped women share with other women their outrage at patriarchy  and their struggles for equality. They were  literary activists. But journalism wasnt the only kind of literary activism  early feminists  used. Many turned to novels, poetry, letter writing, and other written forms.  Yet  even with their amazing contributions, it took 72 years after  the Seneca Falls convention before  women finally acquired  the right to vote with the ratification of the 19th amendment. 72 years! In honor of these women, Ive compiled a list of literary activists of the suffrage movement. So  many women contributed their creative energy and literary talents to this movement; this is only a small number. Judith Sargent Murray.  An essayist, playwright, poet, and letter writer, Murrays considered one of the earliest feminists, and her seminal essay On the Equality of the Sexes predates Mary Wollstonecrafts A Vindication of the Rights of Woman. Murray asks in her most famous essay: Is it reasonable, that a candidate for immortality, for the joys of heaven, an intelligent being, who is to spend an eternity in contemplating the works of the Deity, should at present be so degraded, as to be allowed no other ideas, than those which are suggested by the mechanism of a pudding, or the sewing the seams of a garment? Pity that all such censurers of female improvement do not go one step further, and deny their future existence; to be consistent they surely ought. Ouch. Read Judith Sargent Murray: A Brief Biography with Documents and Selected Writings of Judith Sargent Murray Lucy Stone.  A powerhouse of womans suffrage, Stones contribution to the movement is considered as significant as Susan B. Anthonys and Elizabeth Cady Stantons, though she  did not always agree with them (particularly over the passing of the 15th amendment).  In terms of literary activism, Stone edited the most important journal of the movement Womans Journal. Founded by Stone and her husband Henry Blackwell in 1870, she edited the journal until she died, but it continued after her, eventually picked up by Carrie Chapman Catt. By  1915, it had thirty thousand readers. This weekly journal kept women across the U.S. informed of  the latest news concerning womens issues and the suffrage movement, from child labor laws to anti-suffrage machinations. In education, in marriage, in religion, in everything, disappointment is the lot of women. It shall be the business of my life to deepen that disappointment in every womans heart until she bows down to it no longer. And you were successful, Lucy Stone. Read  Lucy Stone: An Unapologetic Life Frances Ellen Watkins Harper.  Abolitionist. Aided  the underground railroad. Womans suffragist. Poet. First black woman to publish a short story. Co-founder of the National Association of Colored Women (NACW). In other words, a badass writer extraordinaire. She refused to bow down to any discrimination, and used her words to fight oppression in all its forms. Heres the final stanza of one such poem: No golden weights can turn the scale Of justice in His sight; And what is wrong in woman’s life In man’s cannot be right. From A Double Standard Read Iola Leroy, A Brighter Day, and Discarded Legacy Lillie Devereux Blake. A novelist and journalist,  Blake led  the New York Suffrage Association, among other suffrage organizations. She was the primary contributor to Elizabeth Cady Stantons Womans Bible, and her fiction often subversively questioned gender norms. She believed the womans movement should apply itself to  broader concerns instead of fixating on the right to vote, which at times put her at odds with Susan B. Anthony. We are tired of the pretense that we have special privileges and the reality that we have none; of the fiction that we are queens, and the fact that we are subjects; of the symbolism which exalts our sex but is only a meaningless mockery. Read Fettered for Life  and  Lillie Devereux Blake: Retracing a Life Erased Josephine St. Pierre Ruffin. With the help of  Ida B. Wells, Ruffin  founded the New Era Club, an advocacy group for black women. And for the club, she edited the  first newspaper published by and for black women   The Womans Era. Shes considered one of the leading activists in organizing black women to womans suffrage, and directly addressed the racism of the movement: Too long have we been silent under unjust and unholy charges . . . Year after year southern women have protested against the admission of colored women into any national organization on the ground of the immortality of these women, and because all refutation has only been tried by individual work, the charge has never been crushed . . . It is to break this silence, not by noisy protestations of what we are not, but by a dignified showing of what we are and hope to become, that we are impelled to take this step, to make of this gathering an object lesson to the world. Read Let Nobody Turn Us Around: An African American Anthology Charlotte Perkins Gilman. Remember reading The Yellow Wallpaper? Then you know the power of Gilmans words. If you were  as moved and haunted by that short story as I was, then you should read more. Her 1898 piece of investigative journalism Women and Economics was incredibly important  for twentieth-century feminism. And Carrie Chapman Catt considered her one of the most influential womans rights activists. Only as we live, think, feel, and work outside the home, do we become humanly developed, civilized, socialized. I agree. Read  Women and Economics, The Yellow Wallpaper and Other Stories, and Herland Discover  more fantastic early feminists.

Analysis Of The Book American Psycho By Bret Easton Ellis

American Psycho is a novel written by Bret Easton Ellis in 1991. The book details the life and subsequent descent into madness of yuppie investment banker Patrick Bateman. Bateman appears to everyone as charming young man but is also possibly one of the most vicious serial killers in American history (whether Bateman committed the murders is left ambiguous). It takes place at the height of the Reagan era in Manhattan and is primarily a critique of the vapid and capitalist society that Bateman resides in. Ellis criticizes various aspects of American culture through both the actions and thoughts of Patrick Bateman and those around him. Bateman acts as symbol of the death of ones humanity that occurs in a superficial and nihilistic post-modern society. The things that are critiqued the most in this novel are materialism, conformity, superficiality, and the depravity of man. One of the most prevalent aspects of society criticized by this novel is the depravity of man. Ellis portrays Am erican society as a place rife with violence and horror yet is also desensitized to it. For example this is summarized perfectly on page 4 when Timothy Price (a friend of Bateman) looks through a newspaper and says the following: â€Å"In one issue—in One issue—let’s see here... strangled models, babies thrown from tenement rooftops, kids killed in the subway, a Communist rally, Mafia boss wiped out, Nazis†Ã¢â‚¬â€he flips through the pages excitedly â€Å"baseball players with AIDS, more Mafia shit, gridlock,Show MoreRelatedEssay about American Psycho: Analysis of Novel and Movie Production1618 Words   |  7 PagesAmerican Psycho: Analysis of Novel and Movie Production American Psycho has been recognized as a brilliant thriller of its time and can legitimately be labeled a scandalous novel. The novel was published in 1991 by the daring author Bret Easton Ellis and was later adapted into a movie production in 2000 by the director Mary Harron. The novel endured nasty criticism to the point of rousing riots and the boycott of the publishing company, Simon Schuster; who later dropped the publication ofRead MoreThe Psycho of Wall Street: Diagnosing Patrick Bateman in American Psycho1938 Words   |  8 Pagesof certain behaviors may be difficult because there is much overlap among mental conditions. In Bret Easton Ellis’ American Psycho, the protagonist, Patrick Bateman, is apparently simply a psychopath. However, Bateman can be diagnosed with other mental illnesses such as Asperger’s syndrome, obsessive-compulsive disorder, schizophrenia, narcissism, and antisocial personality disorder. In both the book and film adaptation, Batemanâ₠¬â„¢s actions can be understood more accurately when analyzed in light ofRead MoreThemes Of Illusion And Reality By Bret Easton Elliss Trainspotting And American Psycho 2248 Words   |  9 Pagesacknowledge it. Trainspotting by Irvine Welsh portrays a drug addict who rejects any conventions of normalcy in the pursuit of an alternate reality. American Psycho by Bret Easton Ellis does the same through the depiction of a rich and greedy Wall Street tycoon. This essay will closely analyze the themes of illusion and reality in Trainspotting and American Psycho. The relationship between the fantasy world and the â€Å"real† world in these texts are closely linked and aid the narrative in a criticism of social

Globalization as Neo Colonialism - 1069 Words

Globalization as Neo Colonialism When in the 1950s and 60s, most colonized countries and territories across the world threw off the yolk of colonialism, there was tremendous hope and anticipation that a new era of hope, independence, freedom and self – determination was about to unfold. In most cases, it was with great reluctance that the colonial masters granted independence to their erstwhile colonies from where they had for generations held the total control that had enabled them to exploit human and material resources and perpetuate themselves in the social economic and political lives of their subjects. In Kenya and Algeria for instance, it was with extreme violence that independence was won. Thus, the Mau-Mau Movement of Kenya†¦show more content†¦(The Chinese have just discovered this ice cream and have set about claiming their share with characteristic speed). The Gatlin guns are frozen. There are no more massacres like the 1904 Maji – Maji Revolt in Namibia where German troops systema tically gunned down an estimated 60 – 80, 000 Africans. The Berlin Conference of 1884 – 1885 that partitioned Africa has been replaced by GATT, and in today’s parlance, the World Trade Organization. These days, African tribes do not need to be set upon each other while the colonial masters mop up colonies from where human and material resources were exploited. (We can do that all by ourselves, as we have demonstrated in Rwanda). The world has gone beyond such crudity. We call it free trade, and the final arbiter is the World Trade Organization whose aim is seemingly to allow a few rich countries and corporations dominate global capital and global resources. The colonial powers of today do not need military might and occupation to control the lives and destiny of billions of people in their former colonies. Perhaps in the not too distant future, Microsoft or Citi Group will have a seat on the United Nations. After all, these two companies alone generate more weal th every year than all of Africa’s 700 million people. Incidentally, the globalization of capital and other related resources is aShow MoreRelatedEconomic Globalization And The Global Economy972 Words   |  4 Pagestrade agreements, and the sustaining of a prolonged period of international peace, globalization has rapidly taken over political discourse and dealings. The emphasis, in recent decades, has been towards economic globalization with the push for international stock exchanges, and the development of the International Monetary Fund (IMF), the World Bank, and the World Trade Organization (WTO). Economic globalization is the development of an interdependent and integrated global economy of independentRead MoreEssay on Globalisation Is a Euphamism for Neo-Colonialism2290 Words   |  10 PagesGlobalisation is a euphemism for neo-colonialism. Discuss. Globalisation is a complex and multifaceted issue (Bayliss 2008:252). However, this essay will on the imbalance between western powers and the developing world and consequential exploitation, which, rather than being condemned as neo-colonialism, is justified as globalisation. The end of colonial rule did not mark the end of the trend of economic control and exploitation of the developing world (Manzo 2009:267). The cultural, politicalRead MoreThird world was/ is used to describe countries whose government did not take sides in the cold war.600 Words   |  3 Pagesto replace the east – west conflict with the north – south conflict. All the countries deemed as third world has had a history of colonial rule, most were exploited through colonialism, imperialism, neo colonialism etc. while the third world countries were annexed and had direct government of a first country through colonialism; it was seen as a cost by the imperial powers rather than a benefit and one that was unavoidable. Imperialism was creating the condition for industrial capitalism and a modernRead MoreMovements And Counter Revolutions And Revolutions2502 Words   |  11 Pagesrung as a corner stone argument of opponents of Neo-Liberal economics. The story of the Occupy Movement, while regularly citing Marxist arguments in its critique of neo-liberalism, is essentially the story of resistance. It fought against Neo-Liberalism, globalization and the fight to re-include economic equality in the discourse of human rights. In Fact, the Occupy Movement is a direct response to the abuses and inherent contradictions found in Neo-Liberal ideology, they range from significant incomeRead MoreHorrors of War1449 Words   |  6 Pagesdevastating to countries and most individuals. Men and women can be left disturbed mentally, physically, and socially for the rest of their lives. But first, let us look at the causes, they are: Culture of violence, Globalization, Use of environmental resources, Colonialism and neo-colonialism, Racial, ethnic, religious, and gender intolerance, Gender injustice, Lack of protection and respect for children youth, Lack of democracy and just global governance, Belief that violence and warfare are inherentRead MoreThe Effects Of Global Economic Crisis On The Great Depression Of The 1930 S876 Words   |  4 Pagesfrom this crisis is to better evaluate and analyze free market systems. Policy makers should be assessing if any regulations are necessary to implement in order to prevent similar situations. The previous four decades were really pushed into eras of neo-liberalism and cutting down on regulations by letting the market regulate prices. Furthermore, the situation highlighted the importance of domestic markets, effective resource management, and risk assessment. 2) Define the 3 global economic traditionsRead MoreNeocolonialism: the Relationship Between Superpowers and the Developing World1622 Words   |  7 PagesUsing examples assess the view that the relationship between superpowers and the developing world is a neo colonial one. (15) The dominating capitalist ideology from superpowers has led to extreme inequalities between core and peripheral nations, which has resulted in an unstable relationship with the developing world. Neocolonialism is a geopolitical practice in which a superpower perpetuates its economic and political hegemony on underdeveloped nations. This indirect and ‘disguised’ ImperialismRead MoreThe Economic And Social Effects Of Globalization On Jamaica1140 Words   |  5 Pagesthe economic and social effects of globalization on Jamaica. The movie mainly describes the affects of the International Monetary Fund and the World Bank’s structural adjustment programs. While these funds are created to help developing countries become more developed, the documentary shows how the reforms were not successful in Jamaica and put the country in debt. This paper will discuss the portrayal of globalization in the documentary, and how globalization can affect people through differentRead Mor eEssay about Life in Trinidad and Tobago 2120 Words   |  9 Pagesas chief of the state with a president elected by the parliament. Neo-Colonialism is the theory of continual political and economic control in former colonies. Neo-Colonialism has affected all countries of the Caribbean. In an article by the University of Toronto Press entitled â€Å"Canadian Aid in the Commonwealth Caribbean: Neo-Colonialism or Development assess whether the Canadian government is participating in Neo-Colonialism in the Caribbean or is it supportive in the development of the regionRead MoreCapitalism, Globalization and the Perpetuation of Women’s Oppression: a Vicious Cycle1138 Words   |  5 PagesCAPITALISM, GLOBALIZATION AND THE PERPETUATION OF WOMENS OPPRESSION: A VICIOUS CYCLE By Kelsey Lavoie NDYA, Provincial Youth Liason According to the World Bank, women make up 70% of the world’s poor and their wages world wide are on average 50% to 80% of men’s. One third of all households word wide are headed by women, they are responsible for half the world’s food production, and yet they own just one per cent of the world’s property. The majority of workers in sweatshops are women and the

The War Of The Revolutionary War - 1078 Words

The most fascinating subject to learn about in History is spies. With the ideas of secret ink and leaving important documents at Dead Drops would be someone’s dream to live. That does not mean that every story of a spy ended up that way. Several spies during the Revolutionary war were hanged if caught. Though, one major traitor in the United States did not get hanged. He escaped to England. The life of spies is quite different then what people imagine. Even the founding fathers of the United States of America played such a drastic role in spying. Like John Jay considered the ‘Father of Counter Intelligence†. George Washington is known for creating the most successful operatives. Overall, the interesting parts in regard to spy is that of Sir Walsingham, the founding fathers, and that of Benedict Arnold, a traitor. Sir Walsingham began the major influence of spying for the later generations in England and Revolutionary America. He spied for Queen Elizabeth during her reign. His major attributes were to find out who tried to threaten Elizabeth’s life. Many assassination attempts are set in action when she is queen. Under Willingham many spy network in foreign countries will be established. Not only this, but many people will have worked underneath him. Walsingham is a man that made sure Queen Elizabeth’s life is safe. Through his massive spying in the ‘Babington Plot, Walsingham uncovered a message a attempt to threaten Elizabeths life. The letter will The founding fathersShow MoreRelatedThe War Of The Revolutionary War1182 Words   |  5 PagesIn battling the British in the Revolutionary War, the American rebels did just as the great French military and political leader, Napoleon Bonaparte advised, â€Å"Never interrupt your enemy when he is making a mistake†. Though there were a great deal of missed opportunities and misguided actions taken by both sides of this war, none were as great as those by the ministers in London and British Generals Howe and Burgoyne. However, of these three, one held a great deal of responsibility for Britain’s failureRead MoreThe War Of The Revolutionary War1038 Words   |  5 PagesCornwallis at Yorktown, the revolutionary war was over, and the United States began the arduous task of rebuilding an economy held back by colonialism and destroyed by war. From the 1780s up until the 1810s, the economy was slowly growing and diversifying, the War of 1812 halted much of those advanced. The w ar ruined the United States economy once again, but it allowed it to grow and develop to new heights and become stronger than before the war. After the revolutionary war, the United States beganRead MoreThe Revolutionary War787 Words   |  4 PagesRunning head: Paine Thomas Paine’s Role in the Revolutionary War Dallin Hodgkin Mountain View High School Paine What sparks a revolution? What motivates the average man to rise up against everything he’s ever known? There have been many revolutions that have taken place in the past and each one has had different elements that powered them. The revolutionary war is an example of one such revolution. But what gave it power? There are two main ideas that start revolutionsRead MoreThe Revolutionary War957 Words   |  4 Pagestimes leading up to the Revolutionary War. These times include: Navigation Act, French and Indian War, Sugar Act, The stamp Act, Boston Massacre, Townsend Act, The Boston Tea Party, and the Intolerable Acts. All of these events are important in leading to the Revolutionary War. This essay will go into detail about the events leading up to the Revolutionary War. Starting with, the Navigation Act. The Navigation Act was the first event leading up to the Revolutionary War. The Navigation Act is whereRead MoreRevolutionary War1150 Words   |  5 PagesRevo lutionary War Taylor Hunter ENG/101 October 26, 2014 The battle of Trenton and Princeton began to erupt in the same year of the Revolutionary War. The Revolutionary War had started because the Americans wanted the same rights the as the British citizens had. The British refused to give Americans the same rights because they (British) didn’t think the Americans shouldn’t be represented as a part of the British Parliament, instead their (British) minds were more focused on buildingRead MoreThe Revolutionary War1664 Words   |  7 Pagesact as the monetary agent of the US government which was needed to help deal with the funding of the Revolutionary War. 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And by 1777 the rebels began a full scale war on Great Britain. The war turned into an international conflict when France joined the war and sided with the American colonists in 1778. With the help of the French the BritishRead MoreThe Revolutionary War And The War Of 1812 Essay2365 Words   |  10 Pagesfought in numerous wars for this concept of â€Å"Freedom†. Men, Women, and Children died for the right to be free. From countless wars, such as; The revolutionary war, and the War of 1812, to name a few all fought for the concept of freedom. This unalienable natural right to life, liberty, and the pursuit of happiness was the cause for numerous worldly conflicts. Eons later and a nation known as the United States is met rebuilding their country after the conclusion of a Civil War. This time in history

Accounting for Managers Cash Budget and Income

Question: Describe about the Accounting for Managers of Cash Budget and Income. Answer: Introduction Present report is based on forecasting of cash budget and income statement of Company X Ltdfor the month July to December. It will include description of its significance to the managerial parties. Part A Cash budget Company X Ltd. Cash Budget on monthly basis for the month July to December Month July August September October November December Opening Cash Balance 50000 50000 50000 50000 50000 Paid up share Capital 400000 Receipt from debtors 1000000 Cash Receipt from sales 400000 500000 500000 700000 1200000 1700000 Total cash receipts 800000 550000 550000 750000 1250000 2750000 Fixed asset purchased 240000 Cash paid to creditors 600000 600000 200000 200000 200000 200000 Labour Cost 300000 300000 300000 300000 300000 300000 Overhead Cost 230000 230000 230000 230000 230000 230000 Payment to creditors 400000 Total cash paid 1370000 1130000 730000 730000 730000 1130000 Closing Balance -570000 -580000 -180000 20000 520000 1620000 Financing Borrowed from Bank 620000 630000 230000 30000 0 0 Repayment 409250 1100750 Interest 60750 13385 Cash balance ending 50000 50000 50000 50000 50000 505865 Interest calculations Interest for November Interest for December July 620000 620000*15%*4/12 31000 (620000-409250)*.15*1/12 2634.375 August 630000 630000*15%*3/12 23625 630000*15%*1/12 7875 September 230000 230000*15%*2/12 5750 230000*15%*1/12 2875 October 30000 30000*15%*1/12 375 30000*15%*1/12 30000*15%*1/12 60750 13384.375 Working note 1 Labour Cost Particular Amount Total Cost 1800000 Period 6 month Cost Per Month 300000 Working note 2 Overhead Particular Amount Total Overheads 1380000 Period 6 month Overhead Per Month 230000 Part B Income statement Budgeted Profit Loss at the end of the period (Amount in $) Income Sales 60,00,000 Expenses Purchases 26,00,000 Labour Cost 18,00,000 Overhead 13,80,000 Interest 74,135 Depreciation (2000*6) 12,000 Profit before Income Tax 133,865 Budgeted profit at the end of the period 133,865 Part C Usefulness of Cash Budget Budget Profit Loss Account Cash Budget Budgets are based on estimated data; therefore they do not present actual data. The result of budgets is dependent on the accuracy or the fairness of data and the sources that have been used for the preparation of budgets. Cash Budget mainly consists of two areas, which are sources of cash and application of cash for a specific period. It is used to ascertain whether the operations of the company will be able to provide sufficient cash to meet the projected cash requirement. In case it is not able to meet the requirement, it gives an early alert to management for finding additional sources of funding. The data of cash budget are used in other budgets also (Hope and Fraser, 2013).The details regarding the operation, financing activities and investing activities can be easily received from it. The results of cash budget are helpful in financing budget, debt and both interest income and interest expense (Lee Jr and et.al. 2012). As from the available data the management gets information regarding surplus and deficit of cash. In case a large, unusual cash balance is presented in cash budget then these balances are dealt in financing where suitable investments are indicated for them (Oduro and et.al. 2013). In cash budget, only cash expenditures are considered i.e. the nature of expenditure and the period in which they accrue does not matter. The objective with which it is prepared to ascertain the cash required for any project or the additional amount required for any project (Warren, 2015.). Budget Profit Loss Account It is majorly used in analysing the financial result of the project of a company i.e. whether they are reasonable or not. As it is compiled with other budgets, the accuracy may be dependent on the realism of the input made available to the budget model (Ebnther, 2015). With the implication of budgeted profit and loss account, the management gets to know the reason of loss if any and changes can be done before practical application of projects (Cox, 2014). The information regarding the major expenses and the additional income from surplus cash is availed by the management through this budget. The main factor which is to know before actually investing in a project is to know that whether the project is financially viable or not and it is known through budgeted profit and loss account. The advantage that can be availed from this budget is that an analysis can be made regarding the project appropriately about the future profit and loss if we input the appropriate data (Bierman Jr and Smidt, 2012.). Conclusion In accordance with the present report, it can be concluded that with the implication of budgeted profit and loss account, the management gets to know the reason of loss if any and changes can be done before practical application of projects. Further, cash budget assist in determining requirements of business. References Bierman Jr, H. and Smidt, S., 2012. The capital budgeting decision: economic analysis of investment projects. Routledge. Cox, P., 2014. Master budget project: cash budget macro. Strategic Finance, 96(4).P.54. Ebnther, S., 2015. Economic Capital for Market Risk. Available at SSRN 2628918. Hope, J. and Fraser, R., 2013. Beyond budgeting: how managers can break free from the annual performance trap. Harvard Business Press. Lee Jr and et.al., 2012. Public budgeting systems. Jones Bartlett Publishers. Oduro and et.al., 2013. Cash Budget Imperative Element of Effective Financial Management. Warren, K., 2015. Time to look again at accrual budgeting. OECD Journal on Budgeting, 14(3), P.113.