Cost Accounting -- MIDTERM 1 1) Pointed Pencil company incurs the following costs in its manufacture of pencils. Classify each one of them according to one of the value chain functions: Functions: A) Research and Development B) Design of products‚ services‚ and processes. C) Production D) Marketing E) Distribution F) Customer Service G) Strategy and Administration ____ 1) Cost of wood used in manufacture of pencils. ____ 2) Cost of wood used in packing cartons to ship pencils. ____
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1. What are the three golden rules of accounting? Real Accounting: Dr - What comes in Cr - What goes out Examples of this kind of transaction include cash/bank and rent. Personal Accounting: Debit is the receiver. Credit is the giver. An example of this kind of transaction is Vendor/Customer relations. Nominal Accounting: All gains and income are credit. All losses and expenses are debit. An example of this kind of transaction is sales and/or purchases. 2.Balance Sheet DEFINITION OF
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03/04/1985 CU2698 Undertake Physiological Measurements 1. 1.1 2. Physiological state in defined as “the condition or state of the body or bodily functions”. This can be measured when we perform our observations. By measuring a patient’s respiratory rate‚ oxygen saturations‚ peak flow (in asthma patients)‚ pulse rate‚ systolic and diastolic blood pressure‚ core temperature‚ blood sugar‚ pupil reaction and Glasgow coma scale. All these combined measurement can give us an insight into the patient’s
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Measurement of reaction time Measurement of reaction time Aim of the experiment To record reaction times to visual cues using the iworx equipment To compare and contrast the reaction time when provided randomly vs. fixed time intervals‚ and upon repetition. Introduction Our bodies react appropriately to changes that occur in the environment during our day-to-day activities. When responding‚ an external stimulus has to be detected by one or more neurons. These then
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analüüs: Aero Gear Inc.: Performance Measurement‚ Cost Management and Product Costing in a Lean Transition 1. Millist liiki ettevõte on Aero Gear? Milline on nende konkurentsi olukord juhtumis kirjeldatud hetkel? Aero Gear is a small private owned (family business) precision-machining company ‚ which supplies the aerospace industry. Aero Gear’ s customers were engaged in fierce competition for market share in the commercial aerospace sector. They pressed for cost reductions from their suppliers
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Chapter 3 continued... Every acct on adj trial bal is used only once in creating first 3 financial stmts. Point of closing is to bring RE up to date - in doing that‚ we zero out temp accts. 4 kinds of closing entries: 1) close out Revenue - debit Rev CR Income Summ (normal credit bal) (only exists long enough for closing entries) - companies may be closing hundreds of rev or exp accts 2) close out Expense accts - list every single acct DR Income Summ CR Exp accts 3) DR Income Summ
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A. What is the difference between accrual-basis accounting and cash-basis accounting? The difference between the two types of accounting is when revenues and expenses are recorded. In cash basis accounting revenues are recorded when cash is actually received and expenses are recorded when the expenses are actually paid. B. Why would politicians prefer the cash basis over the accrual basis? The accrual basis system deals with deprecation of the value of equipment‚ land and such. Politicians would
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Measurement of National Income • Like the accounts of a business national income accounts have two sides: a product side and an income side. • On the product side production and sales are measured. • The income side measures the distribution of the proceeds from sales. • On the product side there are two widely reported measures of overall production: • Gross domestic product (GDP) and gross national product (GNP) • GDP and GNP differ in their treatment of international transactions. • GNP
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accounting standards accounting standards Introduction to Accounting Standards Accounting is the art of recording transactions in the best manner possible. Accounting Standards are the policy documents issued by recognized expert accountancy bodies relating to various aspects of measurement‚ treatment and disclosure of accounting transactions and events. Every country has its own standards. Accounting Standards in India are issued by the Institute of Chartered Accountants of India (ICAI)
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DETERMINE CUSTOMER REQUIREMENTS FOR ICT SYSTEMS AND SUPPORT SERVICES AIM OF THE LESSON To determine who a customer is To determine customer requirements To determine steps to determining customer requirements To determine reasons for determining customer requirements To document customer requirement DEFINITION OF CUSTOMER A customer is anybody who has the right to demand for goods or services either internal or external DETERMINING CUSTOMER REQUIREMENT This is a systematic
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