Interested in using an Envelope System for managing your cash? Check out this step by step tutorial. Duration : 0:3:52

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Ken Boyd, owner of St. Louis Test Preparation (www.stltest.net) presents part seven of his course on Understanding Cost Accounting. Boyd points out that students can have success with Cost Accounting concepts by making connections to actual examples from business. As a former CPA, College Accounting professor and Auditor, Ken has a wealth of experience to…

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Demo video for the iXpenseit iPhone App. iXpenseit, by FYI Mobileware, is an expense tracking and budgeting app that’s very easy to use. When you launch iXpenseit, you see today’s transactions, and a battery-meter-style representation of your current budget (if you have the budgeting feature turned on). There are arrows to move back and forth…

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President Obama announces the Fiscal Year 2011 Budget that makes critical investments in job creation and continued economic recovery, while bringing a new level of responsibility to how tax dollars are spent. February 1, 2010. Duration : 0:10:30

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Why is it desirable to construct capital budgeting rules so that higher-risk projects become less acceptable than lower-risk projects? It’s based on the risk vs. return principle. You can use a Sharpe Ratio for this. It determines which investment is a better value for the amount returned. An example would be buying lottery tickets instead…

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What monthly or weekly budgeting techniques do you follow and have good results with? Any tricks for avoiding impulse buys? I go grocery shopping once a month at Wal-Mart & buy what they sell cheaper than everyone else. It’s a 30 mile trip there. Then I pay all my bills by the first day of…

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Which method do you think is the better one for making capital budgeting decisions – IRR or NPV? NPV is the better method. There can be as many different IRRs to a project as there are changes of sign in its pattern of cash flows. You have to look at NPV once again to make…

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Risky Rolling, Inc. is a rapidly expanding manufacturer of skateboards that have been modified for use on ski slopes during the off-season. This year’s sales are consideraly higher that last years sales, and salses are expected to double next year. The unexpected growth in sales has presented numerous challenges to the company’s management team and…

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I’m meant to do a capital budgeting analysis on the cost savings of a project and state the NPV and IRR of the project but I don’t understand what they’re asking as their yearly depriciation tax savings differ from year to year and the 5th year was split into 2 half years.How do you calculate…

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