INVENTORY – PERIODIC INVENTORY SYSTEM In a Periodic Inventory System‚ no effort is made to keep up – to – date records of either the inventory or the cost of goods sold. Instead‚ these amounts are determined only periodically __ usually at the end of each year. It is used by very small businesses having manual accounting systems. Questions 1 – 3 (Meigns & Meigns)‚ Question 4 (Fess & Warren) Question 1:- Mach IV Audio uses periodic inventory system. One of the
Premium Depreciation Balance sheet Inventory
and tries to analyze how different internal selling concepts can be used in such a scenario in real life. There are two challenges here. The first one is to win over the customer Australian Home and the second one is to convince the people within the organization to agree to the demands of Australian Home. SPIN selling techniques can be used to convince Australian Home. For the second part‚ six stage internal sell process is explained. For each of the stages‚ relevant theories and concepts have been
Premium Sales
ERD Explanation DBM/380 January 23‚ 2012 ERD Explanation There are several levels of normalization such as 1NF‚ 2NF‚ and 3NF. The Huffman Driver database was brought to the normalization level of 3NF by following a series of guidelines from the lowest form of normalization‚ 1NF. The first normalization form level (1NF) consists of the basic rules for an organized database. These are: • Eliminate duplicative columns from the same table. • Create separate tables for each group
Premium Database normalization
personality theories‚ one must submerge themselves into research. The study of personality may sound simple‚ but it is very broad and it is supported by many different theoretical perspectives. Nevertheless‚ one can focus on one of the theories developed by influential individuals in the field of psychology to try to understand personality with their theoretical perspective. Erik Erikson was a very significant individual in the field of psychology who created his own theory of human development. He explained
Premium Psychology Sigmund Freud Mind
Cognitive development is the methods in which a person learns and how they develop from a child to an adult. There are many theories about cognitive development but in each of those theories there are some things that stay the same such as that there are stages and/or periods of development. Also‚ all people have to go through certain stages of learning and that there is a foundation that has to be met in order for that leaning to occur. Second‚ is constructivism which is where cognitive development happens
Premium Psychology Developmental psychology Cognition
BSDS101: Assignment 1: Outline the stages of Walter Rostow’s Linear development theory and discuss the theory’s applicability to the developing world. Introduction: The question of why and how the developing world has since been developing at a relatively low pace has since been interpreted by various perspectives most of which are Euro-centric and highly debatable. A number of theories have since been formulated to explain why the developing countries are lagging behind in terms of their Gross
Premium Economy Human Development Index Economic growth
THE SCHUMPETERIAN THEORY OF ECONOMIC GROWTH AND DEVELOPMENT Schumpeter assumes a perfectly competitive economy‚ which is in stationary equilibrium. In such a stationary state‚ there is perfect competitive equilibrium‚ no profits no interest rates‚ no saving‚ no investment and no involuntary unemployment. This equilibrium is characterized by what Schumpeter terms as “circular flow” which continues to repeat itself in the same manner year after year. In the circular flow‚ the same products are produced
Premium Economics Joseph Schumpeter Entrepreneurship
Theories of addiction‚ many have been proposed and a variety of preclinical models have been constructed. several theories were utilized in this study to better understand the basis of addiction. The first theory‚ negative reinforcement‚ suggests that the continued use of the psychoactive substance is to avoid withdrawal dysphoria. The next theory subject to research during this study was positive reinforcement. The positive reinforcement theory of addiction suggests the subject continues
Premium Operant conditioning Classical conditioning Reward system
Discuss genetic explanations for aggression. Early research concentrated on chromosomal abnormalities but no specific genotype has been associated with aggression. Genes determine how much testosterone a person’s body produces and how quickly it circulates around their body. Genes also determine the synthesis of testosterone receptors‚ and how many and how sensitive such receptors are. The gene called monoamine oxidase A (MAOA) produces an enzyme which regulates the metabolism of serotonin in
Premium Aggression Anger Social rejection
1.0. Introduction. 2.0. Problem solving Situation. 3.0. Concept identified. 4.0. Explanation of the concepts. 5.0. Applications. 6.0. Personal reflections. 7.0. Pressure. 8.0. Key concepts 9.0. Explanations 10.0. Application 11.0. Personal reflections. 1.0. Introduction. Concepts are essential aspects in the life of human beings. They are used to deal with different situations that human beings face. One of the most beneficial uses of concept is solving problems
Premium Problem solving Kofi Annan