increases 2. An increase in the price of an inelastic good * increases revenues 3. Price elasticity of Demand increases when * people become less price sensitive over time 4. The purpose of a market in a market system is to * bring buyers and sellers into contact 5. By specializing in the production of one good‚ a company is able to benefit from economies of scale which increases its revenue. Which of the following is an attribute of specialization? * Saving time by allowing a worker
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pre-determined cost structure to account for and control expenses. WaMu primarily realizes transaction costs‚ fixed costs‚ and variable costs. Because WaMu doesn’t provide free services per-say‚ the sunk costs of the structure are fairly minimal. Transaction costs constitute the next smallest portion of WaMu’s cost structure. WaMu is free of infrastructure based transaction costs like those that smaller retailers who use point of sale services might incur. The primary transaction costs are the commissions
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3) Is calculated using net income as the amount of return. 4) Is calculated by dividing average assets for a period by the amount of net income for the period. Question 9 0 / 1 point Expenditures capitalized as long-lived assets generally include those expenditures that: 1) are made for normal repairs to maintain the usefulness of the asset over a number of years. 2) are for items that have a physical life of more than a year‚ regardless of their cost. 3) are
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Vol. 19‚ No. 3‚ 461– 493‚ 2010 Fair Value or Cost Model? Drivers of Choice for IAS 40 in the Real Estate Industry A. QUAGLI∗ and F. AVALLONE∗∗ ∗ Department of Accounting and Business Studies (DITEA)‚ University of Genova‚ Genova‚ Italy and ∗ ∗ Department of Computer and Management Science (DISA)‚ University of Trento‚ Trento‚ Italy (Received September 2008; accepted February 2010) ABSTRACT The IFRS mandatory adoption in European countries is an excellent context from which to assess the
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more than one MBA student per team (I will try to fill out teams of two or three). One team member should email me the names of all team members and your team name‚ ASAP. If I don’t hear from you by 11:00 am on Wednesday‚ I will assign you to a team. 3) Follow the instructions on the course announcement page to complete your personal web page. Differences between Financial and Managerial Accounting 8/16 Th. Handout – Advice on Using Your Textbook Ethics‚ The Value Chain Handout – Chapter 1
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Practice Task: BORROWING COST OF ISSUING BANK BILLS In order to fund its short-term operations‚ the Chief Financial Officer (CFO) of Best Company has decided use short-term money market instruments. The CFO has asked you and your team to advise the company of the best course of action. After a lengthy discussion with the CFO‚ it was decided to issue bank-accepted bills of exchange (bank bills). In order to obtain board approval‚ the CFO has asked you and your team to create a simple spreadsheet
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in nature; they involve choosing among alternatives with an immediate or limited end in view. Strategic decisions involve selecting strategies that yield a long-term competitive advantage. 2. Depreciation is an allocation of a sunk cost. This cost is a past cost and will never differ across alternatives. 3. The salary of the supervisor of an assembly line with excess capacity is an example of an irrelevant future cost for an accept-or-reject decision. 4. Past costs can be used to help predict
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but is it really worth the cost? Post secondary school is a great way to excel in life and in the workplace‚ but not all people want or need to go to college. Accordingly‚ college is not worth the money because it can stress out post high school graduates‚ it can cause the students’ family to go into debt and it doesn’t help those who are undecided about a career. These reasons may cause people doubt on whether college is worth the money or not. Deciding on which college to attend is half the
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COST ACCOUNTING: A BRANCH OF ACCONTING THE PRINCIPAL PURPOSE OF WHCH IS TO DTERMINE THE COST OF A SINGLE UNIT OR SERVICES (FOR STOCK VALUATION‚COST PLANNING AND CONTROL AND PROFIT REPORTING PURPOSE) . OR A BRANCH OF ACCOUNTING THAT DEALS WITH THE ACCUMULATION AND ANALYSIS OF COST INFORMATION FOR INTERNAL USE TO AID MAMNAGEMENT IN PLANNING‚ CONTROL AND DECISION MAKING
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880 Plant Overhead $122‚000 DL rate/hour $30 Y oungstown has a tradition al cost sys tem. It calc ulates a p lant-wide overhead rate by dividing total overhead costs by total direct labor hours. Assume‚ for the calculations below‚ that plant overhead is a committed (fixed) cost during the year‚ but that direct labor is a variable cost. • Calculate the plant-wide overhead rate. Use this rate to assign overhead costs to products and calculate the profitability of the four products. The assignment
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