Cost Accounting - Chapter 1 1. Flexibility is said to be the hallmark of modern management accounting‚ whereas standardization and consistency describe financial accounting. Explain why the focus of those two accounting systems differs. Financial accounting is more about the bigger picture—it evaluates the finances of the organization as a whole‚ using historical‚ quantitative‚ monetary‚ and factual data. It is more formal and requires the use of GAAP. The information financial accounting
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The Carlton Polish Company Duisenberg School of Finance 04-03-2013 1. Comparable Economic Laboratory (EL) is like Carlton a leading manufacturer in chemical supplies. However this company is much bigger‚ internationally operating and directly supplying to end-users‚ mainly institutions. The product range being offered is most in line with the products offered by Carlton Polish. Another comparison is the compounded growth rate of sales: EL has a growth rate of 13% and Carlton of 14.59%
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Chapter 1 E1-4. The Role and Environment of Managerial Finance 11 Agency Costs Answer: Agency costs are the costs borne by stockholders to maintain a governance structure that ensures against dishonest acts of management‚ and gives managers the financial incentive to maximize share price. One example of agency costs is stock options‚ which are used to provide an incentive for managers to work diligently for the benefit of the firm. Tips are similar to stock options in that they
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Julia Franchi Unit 1 Free Response #1 The experience of the English colonies in the 17th and 18th century contributed to an expectation for self-government in the formation of political‚ religious‚ economic and social institutions. The House of Burgesses and the Mayflower Compact contributed to the political aspect‚ mercantilism and the South Atlantic system influenced the economic institutions‚ the Great Awakening and the Witch Trials supported the religious developments‚ while Bacon’s
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Unit 1 Questions. Total: 16 marks 1. How many electrons does Mg2+ have? (1 mark) 10 electrons 2. Given that the half-life of the radioisotope carbon-14 is 5730 years‚ how useful do you think this isotope would be for dating bones that are over a million years old? (2 marks) 3. Summarize the four major types of biochemical reactions studied in this lesson. For each type give its name‚ a word summary of what happens during the reaction‚ and an example of where the reaction might be biologically important
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1.1 – Identify the main points of contracts of employment Pay – This is how much you will be paid monthly or weekly. Working Hours – This is how many hours a week you will be working. Holidays – this tells you when your holidays are. Sickness Notice Period employment conditions rights responsibilities duties These are called the ‘terms’ of the contract. Employees and employers must stick to a contract until it ends (e.g. by an employer or employee giving notice or an employee being
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Nimo Lorenzo ACCTG 117 Payroll Accounting Management Monday Morning Class 02/04/2014 Matching Quiz 1. B 2. D 3. F 4. A 5. H 6. I 7. J 8. C 9. E 10. G Questions for Review 1. The Department of Labor enforces the Fair Labor Act which sets the basic federal minimum wage at $ 7.25 per hour and for the state of California’s minimum wage is $ 8.00 per hour. 2. The information that needs to be maintained by FLSA concerning employees’ wages earned is data about hours worked. 3. An employer
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Chapter 9 — Test 1 Note: Most questions can be placed in more than one of the four achievement categories. The achievement chart designation provided here indicates the category that is predominant within the question. 1. For each of the following‚ choose the most appropriate response. 1) A one-year insurance policy was purchased for $960 on July 1‚ 20-1. On December 31‚ 20-1‚ it had an unexpired value of: a. $240. b. $480. c. $560. d. $400. e. none of the above. 2) The accountant
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Unit 1 Exercises Chapter 1 1. What is free software? List three characteristics of free software. Free software is a no charge/ non price software. Free software is software that users have the freedom to distribute and change. The 3 characteristics of free software is that you’re able to download it many times & install it on several computers without paying out of pocket each time you download it. The 2nd characteristic is you can also share the free software with others. And the 3rd characteristic
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NAME: Ayoola Akande UNIT Title: Developing Yourself as an Effective Human Resources or Learning and Development Practitioner UNIT CODE: 4DEP Unit 1 4DEP LEVEL 3 STUDENT NO:CC1489119 QUESTION Activity 1.1 briefly summarise the HRPM (i.e. the 2 core professional areas‚ the remaining professional areas‚ the bands and the behaviours) Answer The knowledge‚ skills and behaviour require to be effective in an identified HR role divided into stages‚ namely: 1. professional areas 2. Behaviours
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