assign costs to inventory and cost of goods sold 1. Specific Identification 2. First-in‚ first-out 3. Last-in‚ first-out 4. Weighted average Goods in Transit: If goods are shipped FOB shipping point‚ then the purchaser is responsible for paying freight charges and the seller will not include the merchandise in their inventory. Steps to apply LCM to individual items of inventory: 1. List the number of units of each product 2. List the cost of each item 3. List the market price of each item 4. Compute
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CHAPTER II RELATED STUDIES and LITERATURE Local -Folder Lock Folder Lock is a fast file-security program that can password-protect‚ lock‚ hide and encrypt any number of files‚ folders‚ drives‚ pictures and documents in seconds. Protected files are hidden‚ undeletable‚ inaccessible and highly secure. It hides files from kids‚ friends and co-workers‚ safeguards them from viruses‚ trojans‚ worms and spyware‚ and even protects them from networked PCs‚ cable users and hackers. By: Jued Ocampo
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Part A: DIFFERENCES BETWEEN MANAGEMENT ACCOUNTING & FINANCIAL ACCOUNT 1. Managerial Accounting: The activity involves ‘decision making’ whether to purchase parts already assembled or individual parts. 2. Financial Accounting: It shows that the President is reminding Aminah to prepare a presentation stating an income statement and balance sheet information for last year‚ which the information already exist. 3. Managerial Accounting: Planning‚ controlling‚ evaluating and continuous
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Accrual Accounting: Income is recorded as you invoice customers‚ and expenses are recorded when you receive bills from vendors‚ regardless of when cash is actually exchanged. This presents a truer picture of income and expenses. Most companies use this method. Cash-Basis Accounting: Income is recorded when cash (checks‚ money orders‚ or currency) is received‚ and expenses are recorded when paid. However‚ unpaid credit sales and purchases do not show on ledgers‚ which can present a misleading
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Chapter 2: Review of Related Literature and Studies This represents the review of foreign and local literature and studies that help the proponents to get more information that would support and complete their study. The ideas presented will be a guide to determine relevant matters on the course of the study being undertaken. Related Literature Local Literature Government Text Message System Information needs to be fast and accurate‚ in order for us to prevent or act quickly during
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Methods and Procedures This chapter presented the method which was used in evaluating the musical preferences of the students of Saint Louis University-Laboratory High School for the school year 2013-2014. It also discussed the tool and the procedure used in gathering the data‚ the population of the students involved in the study and the statistical treatment used in analyzing and interpreting the data. A. Research Design The descriptive method of research was used in the study
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2-2: Chapter Questions Action Items Q/ 01 Why study operations management? Answer All businesses want to hire bright people who can make the best decisions for the business as a whole‚ not the best marketing‚ finance‚ or operations decisions. They want employees who can see the big picture of how these functional areas interact. You will severely limit your career if you take a narrow functional perspective. Every decision is cross-functional in nature2. You will be working with operations and
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Chapter 2 The Balanced Scorecard and Strategy Map | | ------------------------------------------------- QUESTIONS 2-1 Financial performance measures‚ such as operating income and return on investment‚ indicate whether the company’s strategy and its implementation are increasing shareholder value. However‚ financial measures tend to be lagging indicators of the strategy. Firms monitor nonfinancial measures to understand whether they are building or destroying their capabilities—with customers
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Chapter I 1. Introduction There are some school and companies that still using manual procedure in their system due to the price of a system and lack of knowledge in making a system. The problem to the said school is their way of using manual procedure in inputting details about their students. The Proponents of Datamex Institute of Computer Technology Camarin Branch wants to make changes to Sagrada Familia School of Caloocan Inc. by making a system that will
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CHAPTER II Review of related Literature Local Literature Police Ranking The PNP conducts regular recruitment programs‚ depending on annual budget allocation. The entry level for non-commissioned officers is the rank of PO1 (Police Officer 1). The new recruits undergo Police Basic Recruit Course for six months and a Field Training Program for another six months prior to deployment to various units. Officers for the Philippine National Police are sourced from the Philippine National Police Academy
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