Week 2 Checkpoint Michael Rasmussen HSM 210 May 23‚ 2013 Lisa L. Dale Week 2 Checkpoint In order to meet the needs for better services for the demographic of individuals with developmental disabilities the Division of Developmental Disabilities (DDD) was formed in 1959. When deinstitutionalization and decentralization became a rising trend in the 1950’s‚ the families of the disabled became strong advocates for community-based alternatives to institutional care. Medicaid provides coverage
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COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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Inexperience and incompetent management are the main reasons for failure. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 8. Good entrepreneurs seek feedback from others. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 31 9. A good trait for an entrepreneur is to be a calculated risk taker. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 31 10. Most
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BOOK REVIEW The Monk Who Sold His Ferrari. Group-10 About the Author Robin S. Sharma Robin Sharma is one of the world’s premier thinkers on leadership‚ personal growth and life management. He was born in Nepal in 1965. The bestselling author of The Monk Who Sold His Ferrari. Robin Sharma is in constant demand internationally as keynote speaker at the conferences of many of the most powerful companies
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lower of cost or market? a. It is inconsistent because losses are recognized but not gains. b. It usually understates assets. c. It can increase future income. d. All of these. 2. The primary basis of accounting for inventories is cost. A departure from the cost basis of pricing the inventory is required where there is evidence that when the goods are sold in the ordinary course of business their a. selling price will be less than their replacement cost. b. replacement cost will be more
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Name ________________ Section time _______________ ACC 321 – Quiz 1 PART I: Multiple choice‚ 3 points each. (Transfer your answers to the proper question on the answer sheet and fill in only one circle per question.) 1. Which of the following is NOT a major challenge facing the accounting profession? a. Non-GAAP earnings. b. Fair value measurement. c. Accounting for fixed assets. d. Forward-looking information. 2. The objective of financial reporting places most
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Chapter 2 Checkpoints Name: Amy Kunduru Checkpoint 2.1 1. What is an environmental system? It is a set of interacting components connected in such a way that a change in one part of the system affects the other parts. Name some examples. The Mono Lake is a small example. This ocean is another example. 2. How do systems vary in scale‚ and how does a large system include a smaller system? Large systems would be an interaction between smaller systems. A fish by itself is a system. The
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In the book Sold by Patricia McCormick Lakshmi is a thirteen year old girl who lives a life different from most thirteen year old kids with her siblings and her stepfather in a village in the Himalayan mountains. Lakshmi stepfather sells and sends her away with a stranger to become a maid for 10‚000 rupees. “She says full payment is due‚ as well as 50 rupees extra for interest”.(36) She is basically saying she wants the full amount that she is worth. The value of human life is worth more than just
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Topic 6: Management Accounting and Cost Case: Shelter Partnership a. My main learning outcomes from Topic 6 and the Case Study; 1) Firstly‚ I realize management accounting has much to offer. Somehow I can handle physics but not accounting. Now thanks to this course I can appreciate and make sense of it. The bit that really caught my attention was seeing how management accounting can be really useful for business planning‚ cost management‚ budgeting and performance measurement. It offers
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Top of Form Grading Summary These are the automatically computed results of your exam. Grades for essay questions‚ and comments from your instructor‚ are in the "Details" section below. Date Taken: 6/11/2012 Time Spent: 01 min ‚ 13 secs Points Received: 21 / 60 (35%) Question Type: # Of Questions: # Correct: Multiple Choice 13 9 Short 5 N/A Grade Details Page: 1 2 1. Question : (TCO 11) Define point estimate. Student Answer: Approximation of a single quantity or a single numerical
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