Management Accounting Models Essay Example | Topics and Well Written Essays - 2500 words

Management Accounting Models - Essay Example The present research has identified that business finance is the term used to denote the funding activities for the efficient conduct of business activities. Therefore, business finance is helpful in many ways. Firstly, it helps to procure enough flow of funding required in business. Secondly, it is important for maintaining and enhancing better management system by supplying the required amount of capital. Lastly, it is the foremost factor for obtaining the adequate amount of profitability. The prime objective of a business is to generate profit by investing in projects. In order to fulfill the primary financial objectives, the decision makers of a company plan their financial activities. The planning of financial activities is known as budgeting and it is very vital for the smooth functioning of financial operations. A proper financial budgeting makes the entire operation efficient and effective. Budgeting plays a crucial role in the decision making the process for a company. Oberl in states that â€Å"budgets are the link between plans and actions. They translate strategic plans into the financial resources necessary to implement the plan†. Companies prepare many types of budgets like capital budgets, sales budgets, production budgets, cash budgets, inventory budgets etc for planning their operational activities. In fact, the budgets help the organizations to achieve the organizational and financial target on behalf of all the departments.

Hypotheses and evidence (SPSS) Assignment Example | Topics and Well Written Essays - 500 words

Hypotheses and evidence (SPSS) - Assignment Example Most of the values (40%) were concentrated above the mode, which despite some other variables showing normal distributions, advised my use of non-parametric tests on the data. The sample comprised 30 participants, 56.7% being male and 43.3% females. 20% were engaged, 13.3% were married, and 3.3% were single. The majority, 63.3%, did not indicate to belong to any of these three categories. Most participants were college graduates (63.3%), 20% high school graduates, and 16.7% had attained post-graduate levels. 40% earned between $50001 and $75000, 20% between $25000 and $50000 and also $100000 and above, 13.3% between 75001 and $100000, and 6.7% below $25000. I sought to establish whether alcoholic drinks are popular with the participants, who are generally assumed to represent the parent population they have been drawn from. From the sampled population, 60% were consumers of hard drinks, which include vodka, whiskies (where scotch falls), and brandy among other drinks. Out of this population, 56.7% consumed wine, and 43.3% consumed mixed alcoholic drinks. The entire sample confessed to using other types of alcoholic drinks. Classified under this criterion, 3.3% consumed â€Å"Hard Lemonade† while the remaining 96.7% consumed â€Å"Long Island Tea†. The percentages for all four categories indicate high consumption rates of alcoholic drinks, with every participant indicating they consume them. I performed a Chi-square test to establish whether individuals reported to drink more or less at the time of the survey. 30.0% of the respondents reported to drinking more, with a similar ratio drinking less. 40% drank the same amounts of alcohol. The test showed that the proportion of those who drank more was not significantly different from those who drank less, and those who maintained equal drinking volumes (χ2 = 0.60, p = 0.741). I further performed a Chi-square test to establish whether more consumers of alcoholic drinks took their drinks over the