Overview Welcome to the study of cost accounting. This introductory chapter explains the intertwining roles of managers and management accountants in choosing an organization’s strategy‚ and in planning and controlling its operations. Unlike the remainder of the textbook‚ this chapter has no “number crunching.” Its main purpose is to emphasize the management accountant’s role in providing information for managers. Review Points organization. Cost accounting provides information
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Cost of Capital Definition: cost of capital is the rate of return that a company must earn on its project investments to maintain its market value and attract funds. The cost of capital to a company is the minimum rate of return that is must earn on its investments in order to satisfy the various categories of investors‚ who have made investments in the form of shares ‚ debentures and loans. The cost of capital in operational terms refers to the discount rate that would be used in determining the
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demographic spectrum. And both groups include many good drivers. But statistics show that overall‚ teenagers and older drivers are involved in far more crashes and highway fatalities than any other age group.Mile for mile‚ the crash rate for drivers ages 16 and 17‚ for example‚ is almost nine times as high as that for middle-aged drivers. People 80 and older are involved in 5.5 times as many fatal crashes per mile driven as middle-aged drivers. Total deaths for teens and seniors have declined in recent
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Opportunity Cost Lets start with a small introduction to the topic Opportunity Cost. Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). It is the sacrifice related to the second best choice available to someone‚ or group‚ who has picked among several mutually exclusive choices. The opportunity cost is also the "cost" (as a lost benefit) of the forgone products after making a choice. Opportunity cost is a
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business and how the new equipment will help the business to function and the cost of the product will determine what the managers of the business decides. Marginal costs are change in total costs divided by change in output. Marginal revenue is the change in total revenue divided by change in output. Increase in fixed costs means that when the fixed costs cannot be changed it is the short run and when the fixed costs change it is the long run. The second questions that I chose to answer was
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that was the amount of experience you have yet to gain before calling yourself a “full-time driver.” By nationally setting the driver’s learner permit minimum age at sixteen years old and enforcing two years of driving with a licensed adult before obtaining a full license‚ will result in reducing the amount of teenage car accidents because of the increase in supervised driving experience for new drivers. Earlier this year last October‚ Kieran Turner‚ a spokesman for NZTA (New Zealand Transportation
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November - December‚ 2012 THE DRIVERS OF CUSTOMERS’ SATISFACTION OF AIRTEL BANGLADESH LIMITED M. S. Hossain1*‚ M. A. Hossain2 and M. J. A. Siddikee3 M. S. Hossain‚ M. A. Hossain and M. J. A. Siddikee (2012). The Drivers of Customers’ Satisfaction of Airtel Bangladesh Limited. Bangladesh Res. Pub. J. 7(4): 437-445. Retrieve from http://www.bdresearchpublications.com/admin/journal/upload/09366/09366.pdf Abstract The study attempts to identify the most important drivers of customers’ satisfaction
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huge bulk of GDP generated‚ 71.7% comes from the services sector‚ based on a 2010 estimation by the CIA. Services like wholesale and retail‚ financial and business services most of which comes from our tourism and financial industry. Factors and Drivers of Growth Production The quantity of labor employed in an economic environment is a variable factor that affects production‚ therefore it is one factor that can directly influence and change real GDP. Based on a labour market report of the second
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permitted. General scope and definitions The IASB has amended the list of costs that can be included in borrowing costs‚ as part of its 2008 minor improvement project. Will this change anything in practice? The amendment should eliminate inconsistencies between interest expense as calculated under IAS 23R and IAS 39. IAS 23R refers to the effective interest rate method as described in IAS 39. The calculation includes fees‚ transaction costs and amortisation of discounts or premiums relating to borrowings
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Biyani’s Think Tank Concept based notes Cost Accounting [ B.Com. Part-II] B.N. Gaur MBA‚ PGDBM‚ Lecturer Deptt. of Commerce & Management Biyani Girls College‚ Jaipur Fore more detail:- http://www.gurukpo.com Published by : Think Tanks Biyani Group of Colleges Concept & Copyright : ©Biyani Shikshan Samiti Sector-3‚ Vidhyadhar Nagar‚ Jaipur-302 023 (Rajasthan) Ph : 0141-2338371‚ 2338591-95 • Fax : 0141-2338007 E-mail : acad@biyanicolleges.org Website :www.gurukpo.com; www
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