information. * Synthesise: put together various elements to make a whole. NATURE OF BUSINESS: A business is an organised effort of individuals to provide and sell‚ for a profit‚ products that satisfy individual’s needs and wants. A product is a good or service that can be bought or sold. Services are intangible and are done for you by others. Business Size: Business size can be measured using number of employees‚ number of owners‚ market share. The number of employees is the easiest quantitative
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Should All Citizens be made to Donate Their Organs When They Die? Jannaya Williams CH11 Part A: Source 1: Rainbow raw author of the Organ Donation Should be Compulsory article‚ created on 30th May‚ 2012 discusses the forever asking question that all citizens should be made to donate their organs once deceased. The author addresses the topic with the use of statistics from the Australia’s organ donations site. Rainbow raw has no known qualifications or expertise; although the information provided
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the yearly cost of sales. Use a 30 percent inventory carrying cost rate.) Calculate a payback period for each alternative. Pepe Jeans has 3 options: Do nothing Decrease lead time to 6 weeks Build a factory and decrease lead time to 3 months Our calculations on the attached pages. We would recommend that Pepe choose Alternative 2‚ given the increase in the yearly profits. Although alternative two has an initial investment of 1.3 million and 0.5 million in annual operating costs‚ it is still
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Kudler Fine Foods started as a small store that grew into a chain. The chain continues to operate as though each store is its own entity trying to maintain a culture similar if not identical to one another. The focus on the advancement of the company is to maintain the culture of the company which originated the success of the first store to allow the growth into the chain status. With this in mind‚ there will be a need for change internally to allow for consistency. (Course Virtual Source)
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1. The inventory at your company consists of computer software that the company has developed and is selling. You capitalized (rather than expensed) the cost of duplicating the software‚ the instruction manuals‚ and training material that are sold with the software. FASB ASC CITATION: Product Masters 985-330-25-1 The costs incurred for duplicating the computer software‚ documentation‚ and training materials from the product masters and for physically packaging the product for distribution
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Strategic Cost Management ACCT90009 Seminar 1 Seminar 1 Subject Administration Introduction to SCM oduc o o SC Administration • Subject Coordinator Dr. David Huelsbeck Email: david.huelsbeck@unimelb.edu.au Room: 08.028‚ The Spot Phone: +61 3 9035 6256 Consultation Hours: Monday 4:15pm – 6:15pm • Seminars: Tuesday: 2.15 pm – 5.15 pm‚ FBE ‐ Theatre 211 (Theatre 2) Thursday: 6.15 pm – 9.15 pm‚ Alan Gilbert ‐ Theatre 2 Teaching Format and Resources • Seminar Format 3 hour seminar
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P1- Explain the principles of sociological perspectives on health I am going to be explaining the 6 prime sociological perspectives and their views on health. Marxism- The Marxist theory looks at the bourgeoisie and the proletariat role in society through employment. Proletariat is the word used to determine the ‘wage-earners’ in society‚ and are generally the working class who have average jobs and work for somebody else. Bourgeoisie on the other hand is used to describe the people who own and run
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concept of responsibility accounting has emerged to accommodate the need for management information at a more specific level of detail than can be provided by financial accounting procedures. Responsibility Accounting is a method of accounting in which costs are identified with persons assigned to their control rather than with the products or function. Responsibility accounting is concerned with collecting and reporting planned and actual accounting information about the inputs and outputs of responsibility
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Product cost is the cost of direct labor‚ direct materials‚ and manufacturing overhead that are consumed to create a product. Product cost can also be considered the cost of the labor required to deliver a service to a customer. Direct Material Cost Definition: Direct material cost is the cost of materials used to manufacture a product or provide a service. Direct Labor Definition: Direct labor is production or services labor that is assigned to a specific product‚ cost center‚ or work order
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management concluded the large fixed cost absorbed sale figure. First it is important to understand the standard costing system implemented in Rubber group. Standard costing assigns quantity and price standards to each component of variable and fixed costs in calculating the total cost. In the case of NASA‚ the system uses standard purchasing price (input cost) and standard inputs usage in place for variable costs‚ and standard spending price (input cost) and standard
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