gooda available for sale. -the consistency principle states that the busineses should use the same accounting methods from period to period. -under the FIFO‚ the ending inventory is based on the cost of the most recent purchases. -the value of purchases remains the same irrespective of the inventory valuation method used. -using FIFO‚ the COGS is based on the oldest purchases. -the accounting conservatism principle requires that financial statements should report LEAST favorable figures. -do
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Accounting: Topic 6: Analysis And Interpretation Of Financial Statements (Part 2) Capital Structure Analysis Proportion of debt financing relative to equity financing (=gearing or leverage) * Reflects the entity’s financing decisions * Investments in assets are funded externally by liabilities‚ or internally by owner’s as shown in accounting equation (A=L+OE) Debt to equity ratio: Total liabilities/ Total equity x 100=x% Debt ratio: Total liabilities/ Total asset x 100=x%
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From what I have experienced in my life in our society I do believe that Americans are most likely more ethnocentric‚ than people in than other Western Industrial nations‚ As Americans we are cultural diversity. Most Western nations are surrounded by many countries with many different languages and cultures.Americans are surrounded by Canada which is more liberal; and Mexico which is more conservative.We can only see cultures between states‚ regions and time zones.Ethnocentrism is believing in the
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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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Costs assigned to the building of a house should appear on the income statement when Answer a. the purchase order to manufacture the house is received. b. the house is sold. c. cash is collected for the sale of the house. d. the house is completed. The basic document for keeping track of costs in a job order costing system is a Answer a. labor time card. b. job order cost card. c. process cost report. d. materials requisition form. The following information is available at the
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To what extent do religions and traditions intervene in our society as conflicts? Religion plays a very important part in any individual’s life. May the person be rich or poor his religion is one of the basic things that shapes that individual’s life‚ restricts him from doing certain activities‚ gives him festivals to celebrate and gives him a particular guideline of his culture as well as traditions to follow. By what is stated in the previous sentence religions seem almost inoffensive. However
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view society as a whole‚ where each part such as the family‚ our education‚ the government‚ religion‚ and the economy work together in order to keep all of society as a whole living a sustainable lifestyle. According to Functionalism‚ society is a system of linked parts that work together to maintain a state of physical balance for all of society as a whole. Functionalists believe that society works together to promote unity and strength and focuses on the social structures that shape society as a
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BM6026 - Managerial Accounting & Finance Mini Assignment - Sem 1 2014/2015 Name : Suriati Binti Yusse Matric no : MB1412199T Class : Tuesday - 7.00PM - 10.00PM product selling price Variable Cost : Material : Extract of Tongkat Ali Other Ingredients Packing Material Overhead Cost : Drying cost of liquid Other Overhead Cost Labour Cost : Processing Packaging Total Variable Cost Unit Contribution Margin Expected volume sales % of total sales Weighted Contribution Q1 : capsule
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Joshua Dorsey Lance Sacknoff English 250 VM April 10‚ 2013 How Old Viewpoints of Tattoos Affect Our Society People are entitled to have their own opinion about tattoos but it does not give anyone the right to discriminate against those that have them. Tattoos have a very distinctive meaning to each individual person. The definition given in the dictionary of a tattoo is “an indelible mark or figure fixed upon the body by insertion of pigment under the skin or by production of scars.”(1)
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Animal Rights and/or Animal Abuse: What Place Do Animals Have In Our Society? Tabitha Mason ITT Technical Institute Written Analysis EN3220 Ms. Stacey Tetloff May 27‚ 2012 A few weeks ago I decided to do my research paper in regards to animal abuse. Knowing from the very beginning that I was completely against animal abuse I thought that this paper would be a piece a cake. All I would have to do was to give examples of actual cases of animal abuse
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