REFRIGERATION CYCLES Carnot Cycle We start discussing the well-known Carnot cycle in its refrigeration mode. Figure 1: Carnot Cycle In this cycle we define the coefficient of performance as follows: COP = qL TL = w TH − TL (1) Which comes from the fact that w = qH − qL (first law) and qL = TL Δs ‚ qH = TH Δs (second law). Note that w is also given by the area of the rectangle. Temperature differences make the COP vary. For example‚ the next figure shows how COP varies with
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1. A leader should have vision A leader should always have a clear vision of what they want to do and only then approach others for support or opinions 2. Dream should be shared Good boss always take every opportunities to inform their employees of his plans and dreams for the company’s future 3. Management is a perpetual creation Business was a creativity‚ it was a process of producing something valuable out of nothing.You start with an idea for an enterprise. Then you hammer out
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Amberton University Exam 1 Lewicki‚ Barry‚ and Saunders 6e Chapters 1- 4 (1 – 50 are worth 1.2 points a piece) 1. Which is not a characteristic of a negotiation or bargaining situation? A) conflict between parties B) two or more parties involved C) an established set of rules D) a voluntary process E) None of the above is a characteristic of a negotiation. 2. Which of the following is not an intangible factor in a negotiation? A) the need to look good B) final agreed
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costs Labor costs of assembly-line workers $110‚000 – Direct labor Sales commissions $35‚000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including
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Case Study on Transfer Pricing: BYRCH’S PAPER COMPANY If I were to price these boxes any lower than $480 a thousand‚ said James Brunner‚ manager of Byrch Paper Company Thompson Division‚ I’d be countermanding my order of last month for our salesmen to stop shaving their bids and to bid full cost quotations. I’ve been trying for weeks to improve the quality of our business‚ and if I turn around now and accept this job at $430 or $450 or something less than $480‚ I’ll be tearing down this
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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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Don Rowe June 24‚ 2013 MGT 1010-900 Prof Camper Donald Trump A Good OR Bad Manager 10 Management Lessons From Donald Trump 1. Work Hard - every speaker at every event like this‚ but the Don gives this more than the usual lip service. He basically said that everyone he knew that made a lot of money and was successful‚ worked 7 days a week. He suggested to the audience that if they wanted to succeed‚ they should be prepared for 80 hour weeks for a long time. 2. "Love" What You Do -- Another
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Running Head: The Role of the Financial Manager Paper The Role of the Financial Manager The role of the financial is to maximize a shareholder ’s value. A shareholders ’ wealth is represented by the market price of a firm ’s common stock. The financial manager should seek to maximize the present value of the expected future returns to the owners of the firm. In an efficient market‚ a financial manager maximizes stock prices and identifies and implements projects that add value to the firm
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Chapter 3: Cost-Volume-Profit Analysis 95 Chapter 3 Cost-Volume-Profit Analysis SOLUTIONS LEARNING OBJECTIVES Chapter 3 addresses the following learning objectives: LO1 LO2 LO3 LO4 LO5 LO6 Explain the concepts of cost-volume-profit (CVP) analysis in decision making Apply CVP calculations for a single product Apply CVP calculations multiple products Describe the assumptions and limitations that mangers consider when using CVP analysis Assess operational risk using margin of
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Fiscal Policy in Kenya: Looking Toward the Medium-to Long-Term By Kamau Thugge‚ Peter S Heller‚ and Jane Kiringai[1] Executive Summary Kenya’s authorities‚ in articulating their vision for the next two decades of Kenya’s development‚ understood clearly that fiscal policy would need to play a critical role in influencing the pace at which the economy will grow and its capacity to deal with the key challenges that will arise over the next several decades. Domestic policy challenges include
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