Welcome, The Finance is a free and helpful resource on issues of personal financesubjects, such as loans, mortgages, credit ratings, insurance policies, banking, credit cards, investments, pensions, retirement plans, 401k and other financial products.

  • EFFECT OF INSURANCE

    Insurance can have various effects on society through the way that it changes who bears the cost of losses and damage. On one hand it can increase fraud, on the other it can help societies and individuals prepare for catastrophes and mitigate the [...]
  • CAPITAL BUDGET

    This concerns proposed fixed asset requirements and how these expenditures will be financed. Capital budgets are often adjusted annually and should be part of a longer-term Capital Improvements Plan.[...]
  • INSURE YOUR HOME AND PROPERTIES

    Home insurance provides coverage for damage or destruction of the policyholder's home. In some geographical areas, the policy may exclude certain types of risks, such as flood or earthquake, that require additional coverage. Maintenance-related issues are typically the homeowner's responsibility. The policy may include inventory, or this can be bought as a separate policy, especially for people who [...]
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Wednesday, October 6, 2010

Management of fixed assets

Posted by World of Entreprenuer On 7:45 AM No comments

Depreciation Depreciation is the allocation of the cost of an asset over its useful life as determined at the time of purchase. It is calculated yearly to enforce the matching principle Insurance Insurance is the undertaking of one party to indemnify another, in exchange for a premium, against a certain eventuality. Uninsured risks Bad debt Changes in fashion Time lapses between ordering and delivery  New machinery or technology  Different prices at different places Requirements of [...]

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STOCK

Posted by World of Entreprenuer On 7:12 AM No comments

Purpose of stock control  Ensures that enough stock is on hand to satisfy demand.  Protects and monitors theft.  Safeguards against having to stockpile.  Allows for control over selling and cost price. Stockpiling This refers to the purchase of stock at the right time, at the right price and in the right quantities. There are several advantages to the stockpiling, the following are some of the examples:  Losses due to price fluctuations and stock loss kept to a minimum  Ensures [...]

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Sunday, October 3, 2010

Management of current assets

Posted by World of Entreprenuer On 11:53 AM No comments

Credit policy Credit gives the consumer the opportunity to buy, purchase or acquire goods and services, and pay for them at a later date. This has its advantages and disadvantages as follows: Advantages of credit trade Usually results in more customers than cash trade.  Can charge more for goods to cover the risk of bad debt.  Gain goodwill and loyalty of customers.  People can buy goods and pay for them at a later date.  Farmers can buy seeds and implements, and pay for them [...]

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