Problem 1: You are the Senior Accountant for the Patty Corporation which has several divisions. They each keep their own accounting books and have chosen the appropriate method of revenue recognition based on their operations. | | | | Pat’s Electronics Division | | | | | Pat’s Electronics Division sells computers through agents in various cities. Agents send orders and down payments to our company. The division then ships the goods F.O.B. shipping point directly to
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ACCOUNTING THEORIES 1. What is the difference between a positive theory of accounting and a normative theory of accounting? 2. What do we mean when we say that ‘theories are abstractions of reality’? Do you agree that theories of accounting are necessarily abstractions of reality? 3. Identify and explain 5 different criteria we might use to establish a theory as being suitable for use in our research. 4. Is the study of financial accounting theory a waste of time for accounting
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There are many outstanding information that can be discussed under this topic of self-esteem‚ but the only purpose of this piece is to briefly address the pros and cons of self-esteem. Self-esteem is a term in psychology to reflect a person’s overall evaluation or appraisal of his or her own worth. Self-esteem encompasses beliefs (for example‚ "I am competent"‚ "I am worthy"‚ "I can"‚) and emotions such as triumph‚ despair‚ pride and shame. ’The self-concept is what we think about the self;
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LO1 Understand different food and beverage production and service systems 1.1 discuss the characteristics of food production and food and beverage service systems Food production: systems eg traditional‚ batch cooking‚ call-order‚ centralised‚ assembly kitchens‚ sous-vide‚ cook-chill‚ cook-freeze Service: systems eg table service‚ counter service‚ a la carte‚ table d’hote‚ silver service‚ family service‚ plate service‚ gueridon service‚ specialist food service systems 1.2 discuss factors
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The lean accounting method was first developed and introduced by Toyota and other Japanese companies. Toyota executives claim that the famed Toyota Production System was inspired by what they learned during visits to the Ford Motor Company in the 1920s and developed by Toyota leaders such as Taiichi Ohno and consultant Shigeo Shingo after World War II. As pioneer American and European companies embraced lean manufacturing methods in the late 1980s‚ they discovered that lean thinking must be applied
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ACTG2010 Exam-AID session. It is intended for students enrolled in any section of Introduction to Financial Accounting – ACTG2010 course who are looking for an additional resource to assist their studies in preparation for the exam. References Friedlan‚ John. Financial Accounting: A Critical Approach. Toronto: McGraw-Hill Ryerson‚ 2010. Print. Richardson‚ Alan J. Cases in Financial Accounting: A Principles-based Approach. Toronto‚ ON: Nelson‚ 2007. Print. Contents Chapter 1: page 2 Chapter
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ASSIGNMENT BANK MANAGEMENT FIN 32043 LECTURE INCHARGE: MR AM SHEHAM APS DILRUKSHI SEU/IS/08/MG/019 3rd YEAR-2nd SEMESTER
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Chapter 2 Discussion Questions 1. What is the meaning of cost behavior and how does the variable cost behave differently than fixed cost (per unit & total)? Cost behavior is the change of cost relative to change in some extent of activity. The total fixed cost remains constant regardless of change in the volume of activity. However‚ the fixed cost per unit is inversely related to the change in the volume of activity. As the change in the volume of activity increases‚ the fixed cost per unit
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Birzeit University MBA Program Managerial Accounting BUSA 631 Spring 2013 Case 3 The Rohr Company’s old equipment for making subassemblies is worn out. The company is considering two courses of action: (a) Completely replacing the old equipment with new equipment or (b) Buying subassemblies from a reliable outside supplier‚ who has quoted a unit price of $1 on a 7-year contract for a minimum of 50‚000 units per year. Production was 60‚000 units in each of the past 2 years. Future
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Introduction A bed and breakfast (or B&B) is a small lodging establishment that offers overnight accommodation and breakfast‚ but usually does not offer other meals. Since the 1980s‚ the meaning of the term has also extended to include accommodations that are also known as “self-catering” establishments. Typically‚ bed and breakfasts are private homes with fewer than 10 bedrooms available for commercial use. “ B&Bs are one of the glories of the British tourist industry..
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