ADVANTAGES OF COST ACCOUNTING 1. Fixation of responsibility: Whenever a cost center is established‚ it implies establishing a kind of relationship between superior and subordinates. Thus responsibilities are fixed on every individual who is concerned with incurrence of cost. 2. Measures economic performance: By applying cost control techniques such as budgetary control and standard costing it helps in assisting the performance of business. 3. Fixation of price: By providing cost
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Another disadvantage Judith had to endure was the inability to make her own decisions‚ including but not limiting‚ rights to the money which she had collected‚ and the husband in which she would marry. Woolf expresses the weight of Judith’s opinion about her marriage‚ “Soon‚ however‚ before she was out of her teens‚ she was to be betrothed to the son of a neighboring wool-stapler.”(47). Woolf explains what would happen if Judith were to refused the arranged marriage‚ “the daughter who refused to
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Advertising can be regarded as having two separate functions‚ one of persuading and one of informing consumers. Against some who claim that persuasive advertising using irrational means is moral as long as the product or service it represents is good or useful‚ this paper argues that by denigrating human reason such advertising is always immoral. On the other hand‚ advertisements which present information in a straight-forward and truthful way are always moral no matter what they advertise; indeed
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they use the Internet more often than they really need. Surfing on the net becomes more important than meeting with friends or going to the classes at the university and the reality they start to live in is the virtual reality. Another important advantage of the Internet is that it has become the most easily accessible and the best resource collection. It is used for the research purposes not only by the university students but also by the children from primary schools as
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many components have shaped the way a country develops itself both economically and financially. To fully understand a country’s accounting standards one must explore such environmental factors as the history‚ demographics‚ economy and the legal system of a country. South Africa is a dynamic country full of diversity. It is hard to understand the structure of the accounting profession without first learning how South Africa developed into the country it is today. The history of South Africa
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milk in their lattes and cappuccinos. It had a bottom of the pyramid business strategy that reduced poverty and created fortunes. Starbucks sourced coffee directly from farmers‚ which enabled the company to provide coffee farmers with reasonable standard of living and company with a respectable profit. The reality of our world today and our aspirations for a better world tomorrow that gave arise to the need for societies to select leaders who can articulate a meaningful vision and guide them toward
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Accounting for partnerships Accounting for partnerships – Discuss the advantages and disadvantages of partnerships. Identify and discuss the Financial Accounting Standards (FAS) that govern accounting for partnerships including both creation‚ operation‚ and liquidation. What are the tax consequences of partnerships. The legal definition of a partnership is pretty simple. It is an association of two or more persons who have not incorporated; and carry on a business for profit as co-owners
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who can realize the following : (i) In the politics of our country the student-factions play extremely important role in the national politics. Naturally if AL withdraws them from the field‚ other political parties would enjoy the consequential advantage. Even some of their student leaders may join other parties with the objective of taking revenge. (ii) Unquestionably there is need for the students to learn politics such that they can love the people and the country‚ which is the first step of
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Recently due to internet growth‚ lots of medical digital images are being shared between medical experts and hospitals for better and more precise diagnosis‚as well as for research and educational purpose and also for many other commercial and non-commercial applications. In modern times now‚ all the integrated health care systems like Hospital Information System (HIS) and Picture Archiving and Communication System (PACS) allow easy distribution of medical imageswherethe whole or the region of interest(ROI)
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Give me balance‚ give me equality. In all fairness I believe Athens had the better system of government. I have come to this conclusion that Athens had a better system because anyone could hold office and they had more equal rights as a citizen in the government. Moreover‚ addressing the 11 million undocumented immigrants‚ I strongly believe that the United States should allow the immigrants to continuously live in the United States under some conditions. The Athenian Democracy remains
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