Question no: 01:- Accounting profit and Economic profit. Economic Profit Implicit cost Accounting profit Explicit cost Total opportunity cost Revenue Revenue How an economist views a firm How an accountant views a firm Accounting profit equals sales revenue minus ( - ) all costs except the cost of equity capital‚ while Economic profit is sales revenue minus ( - ) all costs including the opportunity cost of equity capital. Thus economic profit may be lower than the accounting profit. If accounting
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Transportation – Moving the product adds no value but increases the risk of damage and delays. 4. Inventory – Raw materials‚ WIP and finished goods block up capital and also run the risk of damage‚ obsolescence. 5. Overprocessing – Complex processing‚ using of expensive resources which can be reduced‚ processing beyond user requirements 6. Motion – Unnecessary movement in workers and equipments adds no value but wastes time 7. Product defects – Defective products are rejected by customers and have no more than
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More whites than AA‚ then Asian Amer.‚ then Latinos. More educated you are the more likely you are to vote. More married people vote than divorced. Slightly more employed vote than unemployed. The richer you are the more likely you are to vote. 4. Special Interest groups‚ PAC’s‚ Lobbyists * Special Interest Groups- consist of people who think alike on a particular issue and who can be mobilized for political action. Major force in U.S. politics. * Lobbyists- people who are paid
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owners. d. of an entity be kept separate from the activities of its owner. 3. Owner’s equity is best depicted by the following: a. Assets = Liabilities. b. Liabilities + Assets. c. Residual equity + Assets. d. Assets – Liabilities. 4. The basic accounting equation cannot be restated as a. Assets – Liabilities = Owner’s Equity. b. Assets – Owner’s Equity = Liabilities. c. Owner’s Equity + Liabilities = Assets. d. Assets + Liabilities = Owner’s Equity. 5. If total liabilities increased by
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Corporate Social responsibility: Shell Oil-Nigeria Case Study By Fatorma Bolley Abstract Corporate Social Responsibility‚ CSR has become an important element in the business strategy of a growing number of companies worldwide. A large number of initiatives have been developed that aim to support companies in developing‚ implementing‚ and communicating about CSR‚ Shell
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42 Issue 25‚ p8‚ 2p. Retrieved June 28‚ 2009‚ from http://web.ebscohost.com/ehost/pdf?vid=16&hid=117&sid=a9655997-8683- 4f52-ad93-7b6d27e01896%40sessionmgr107 Cook‚ G. (2007). American School Board Journal. A sign of the times. Vol. 194 Issue 5‚ p6-7‚ 2p‚ 1c. Retrieved Retrieved June 28‚ 2009‚ from http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=24690796&site=ehost-live Arum‚ R. (2004). National Review. Sparing Rods‚ Spoiling Children. Vol. 56 Issue 19‚ p43-44‚ 2p. Retrieved Retrieved
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Part Four -- RENEWAL Habit 7: Sharpen the Saw TM Principles of Balanced Self-Renewal Sometimes when I consider what tremendous consequences come from little things.... I am tempted to think...there are no little things. -- Bruce Barton * * Suppose you were to come upon someone in the woods working feverishly to saw down a tree. "What are you doing?" you ask. "Can’t you see?" comes the impatient reply. "I’m sawing down this tree." "You look exhausted!" you exclaim. "How long have you been
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Why would users rely on financial statements? What is an example of a financial measure that an external user might use? What is an example of a financial measure that an internal user might use? Users rely on financial statements to gauge the strength and outlook of companies. Others understand that. One would want that company to make money for them when they invest. If companies didn’t make money for you there would be no reason to buy stocks and no reason the price of a stock would ever
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Kaplan University AC113-01 UNIT 1 ASSIGNMENT My current networking strategies are different in comparison to my past networking strategies. Over the years I have realized how important networking is and that it is something that you must tend to over time in order to reap benefits from it in the future. After all‚ the United States Bureau of Labor of Statistics stated that 70% of jobs are obtained through networking (Caullay). In the past I used to only have friends‚ family members‚ and
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coun Toll Brothers faces many business risks that could threaten the company’s ability to satisfy stockholder expectations. Toll Brothers compete in a very competitive environment and this being said‚ if one of Toll Brothers competitors were to change their plans it could negatively affect them. Not only can the competitors negatively affect Toll Brothers but also the general economic and market conditions. The terrorist attacks that occurred on September 11th also have a great impact on Toll Brothers
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