place should a mechanical failure occur in American waters. The loss of 11 workers and the destruction of an ecosystem has forced the government and the American public to realize that BP and other companies have no qualms about ensuring that no regulation will stand in the way of their profit margins. In response to this fact‚ the government has tried to ensure the welfare of Gulf citizens by compelling BP to create a twenty-billion fund to help citizens affected by the spill ensure that they can
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will I am sure be of interest not only to our student audience but as a refresher to those of you in practice that may be required to deal with this concept. In most businesses debtor balances represent an important element of working capital. Accounting principles dictate that the supply of goods or services is accounted for as sales‚ at the point at which the buyer has a legal obligation to pay for them. Total debtors represent the value of credit sales for which payment has yet to be received
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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Content 1 Introduction 1 1.Task one 2 The models and concepts affecting the pricing decisions taken by organisations‚ critically reflecting upon their usefulness 2 2‚ Task two 6 The role of standard costing and variance analysis in management accounting and a critically discussion of the value and limitations of variance analysis as a means of identifying key areas which have contributed to the overall profit figure. 6 3‚ The advantages and disadvantages of introducing an Activity Based Costing
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Business Regulation How much business should or should not be regulated is a topic that is highly debated in today’s society. Mitchell Holt‚ in an article on Chron.com‚ discusses five areas of the government’s regulation on businesses that I feel are relevant to this project. At the end of this essay‚ I will offer my own opinion. The first area of regulation involves advertising. One of the basic responsibilities of the Federal Trade Commission is to protect the consumer while ensuring that
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Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
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Bank Prudential Regulation Bank regulations are a form of government regulation which subject banks to certain requirements‚ restrictions and guidelines. This regulatory structure creates transparency between banking institutions and the individuals and corporations with whom they conduct business‚ among other things. Given the interconnectedness of the banking industry and the reliance that the national (and global) economy hold on banks‚ it is important for regulatory agencies to maintain control
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the most challenges. (Mawson 2003). The regulations governing transport is an important component of the transport system (Coyle et al. 2000). Regulations continuous increase over the years and across regions‚ countries or states to enforce safety transport (James 2002). The objective of this case study is to provide an insight into how regulations affect the supply chain performance of transportation of dangerous goods. The research areas include regulations‚ classification of dangerous goods‚ packaging
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Health Laws and Regulations Many industries are regulated by the government. From the television and radio industry to the food one eats‚ regulations and laws help create a safe and reasonable way of life. The health care industry is no different. The laws and regulations are designed to provide a standard level of quality of care and appropriate billing practices as well as many more practices. The purpose of this assignment is to define such regulations and laws and the impact of these items
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ENVIRONMENTAL REGULATION OF OFFSHORE (E&P) WASTE MANAGEMENT IN NIGERIA: HOW EFFECTIVE? Ibrahim Sidikat Modupe The University of Sheffield The Environmental Regulation of Offshore Waste management in Nigeria has been documented in an article published by Law Environment And Development [1].Evidence suggest that‚ Director of Petroleum Resources has to adopt measure to ensure the adequate regulation of offshore oil and gas E&P waste management [3] and further evidence suggest that
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