A. If Patty wants to show the bank the maximum profit over the previous 2-year period‚ which costing method should she present? Patty should present the variable costing method because it keeps variable and fixed cost separate. The variable cost is part of the determination of cost of sales and contribution margin.(Blocher‚ 2013) If Patty wants to show maximum profit for the two years then she should chose the marginal costing because it ignores manufacturing overhead. Full costing will demand
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Frederick Winslow Taylor known as the father of scientific management has had a major impact on the way businesses operate today. Born March 20‚ 1856 in Philadelphia‚ Pennsylvania‚ Taylor‚ who had problems with his eyes and could not attend college. Instead‚ he went to work as a laborer in a machine shop. He later worked at Midvale Steel Works and became a manager in addition to attending night school to get a mechanical engineering degree. He saw the inefficiency and waste at his job and decided
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UTS: ENGINEERING AND INFORMATION TECHNOLOGY STUDENT GUIDE AUTUMN 2012 WHERE CREATIVITY MEETS TECHNOLOGY 1 Welcome from the Dean of Engineering and Information Technology Professor Hung Nguyen For students new to the Faculty‚ we extend a very warm welcome to you; and for continuing students‚ welcome back. My colleagues and I in the Faculty of Engineering and Information Technology are here to help you from your very first day of enrolment right through to the day of your graduation. Between
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Question 3 To better understand the performance of companies‚ four types of ratios are normally used: First‚ profitability ratios‚ which indicate the company’s ability to generate profits to satisfy and attract investors; second‚ liquidity ratios‚ which suggest the capability of company to meet its obligations timely; third‚ efficiency ratios‚ which assess the company’s operating efficiency; fourth‚ financial leverage ratio‚ which shows rationality of company’s financial structure. (Mautz and
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Educating Young People Who Will Be Significantly Different! Achievement Standard: 90981 Make a financial decision for an individual or group Resource reference: Accounting 90981 (1.6) Credits: 3 Student instructions sheet Introduction This assessment task requires you to: • Collect printed and/or electronic data (and provide details of your sources) Your data must be collected from secondary sources (e.g. Internet research‚ brochures‚ newspapers‚ magazines etc)
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Exercise week 1 (Fin. Accounting) Mr. Sloppy has left you a list of balances with instructions to prepare a closing balance sheet (at end of year) and a profit and loss account both in standard UK format. He has left you with no further instructions: Accumulated profit at beginning of the year Accumulated depreciation at beginning of the year Administrative expenses Cash Corporation tax Cost of sales Current liabilities Debtors Dividends paid Fixed assets Interest expenses Long term liabilities Owner’s
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3. Research Finding and Conclusion: 1. Table‚ chart‚ calculation and interpretation: 3.1 Customer profile: 3.1.1 Customers’ Age: Age Midpoint (x) Frequency (f) Percentage <18 12 11 11 ≥18<30 24 25 25 ≥30<55 42 47 47 ≥55 67 17 17 Total 100 100 Table 3.1.1: The age of customers (Authors research) Chart 3.1.1: The age of customers Mean = f(x)f = 38.45 Variance = fx2f – x2 = 273.6 Standard deviation = 273.6 = 16.54 Mode 30-55 Median belong to ≥30<55 group SD độ lệch chuẩnMD
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Is making a bad decision better than making no decision at all? People make decisions of varying importance every day‚ so the idea that making a bad decision is better than making no decision at all is‚ in my opinion‚ the worst case scenario that may occur. When making a decision one has various options‚ risks‚ and is influenced by his surroundings. Firstly‚ decision making involves identifying and choosing alternatives based on the values and preferences of the decision maker. Making a decision
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Corporate Profile Air Asia X Berhad is a leading long-haul‚ low-cost airline‚ operating primarily in the Asia Pacific region. Based upon our breakthrough business model‚ we believe that we have the lowest unit cost base of any long-haul airline in the world‚ with Cost per Available-Seat Kilometer (CASK) of US¢3.51 and CASK (excluding fuel) of US¢2.40 for the year ended 2015. This enables us to offer fares that are targeted‚ on average‚ to be 30% to 50% lower than Full Service Carriers and to stimulate
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Grant‚ Robert M. Case Studies Section : case 9‚ Air Asia : The world’s lowest cost airline Grant‚ Robert M.‚ (2010) "Case Studies Section : case 9‚ Air Asia : The world’s lowest cost airline" from Grant‚ Robert M.‚ Contemporary strategy analysis : text and cases pp.625-635‚ Hoboken: Wiley © Staff and students of Edinburgh Napier University are reminded that copyright subsists in this extract and the work from which it was taken. This Digital Copy has been made under the terms of a CLA licence
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