I. Presentation of the Company Short History Arctic S.A. is the largest Romanian household appliances producer and one of the largest refrigerators producer in Europe. It is the leader on the local home appliance market‚ with a market share of over 35%. At the same time‚ Arctic is also the largest manufacturer of household appliances with his Factory at Gaesti which has the capacity to produce anually over 25 million refrigerators. Arctic was founded in 1968 in Găeşti by the former Communist Regime
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products. Chuck questioned if the current cost-management system was providing the management with accurate data about product costs. In a traditional‚ volume-based product-costing system‚ only a single predetermine overhead rate is used. All manufacturing-overhead costs are combined into one cost pool‚ a grouping of individual indirect cost items‚ and they are applied to products on the basis of a single variable that costs over a given time span (cost driver) that is closely related to production
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accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
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The 60’s was a time of social injustice‚ political protests over Vietnam‚ and the deliberation of powers. Socially the United States was in a terrible place. Since the Jim Crow laws were set put in place the constitution the country had been divided. When the civil rights movements started to move it brought social injustice to light (eldorado ink 15). Leaders in the civil rights movements included Martin Luther King‚ John F. Kennedy‚ and Malcolm X. These leaders were speaking out publicly and giving
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Cost Volume Profit Analysis (CVP Analysis) 3.1 Introduction * CVP analysis is a systematic approach of examining the relationship between the changes in volume‚ cost‚ revenue and profit. The main objective of this analysis is to establish what will happen to the financial results if a specified level of activity fluctuates. * This analysis is useful especially to plan the future production and sales activity that will enable the firm to maximize profit and at the same time it
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Business (UKM-GSB-LHDN) Cost Classification: Government Agency PROBLEM 2-56 The Department of Natural Resources is responsible for maintaining the state’s parks and forest lands‚ stocking the lakes and rivers with fish‚ and generally overseeing the protection of the environment. Several cost incurred by the agency are listed below. For each cost‚ indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item. The Answers
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From the analysis of the above information‚ overload is the larger problem at our facility. The facility acutely experiences adoption challenges and must actively work within a limited environment to overcome them. Finding the right program‚ exploring how to incorporate it‚ updating and training the staff on how to use it. Additionally‚ our facility is more likely to bear adverse outcomes of a dynamic‚ a volatile health IT field‚ especially since we face significant financial risk if we take on
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Guy Debord said in The Society of the Spectacle that “The spectacle is not a collection of images; rather‚ it is a social relationship between people that is mediated by images.” As explained himself‚ “The present stage‚ in which social life is completely taken over by the accumulated products of the economy‚ entails a generalized shift from having to appearing”. (17) “The accumulated products of economy” whether some people are “having” or “appearing to have” form the origin of desires of people
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Human interaction is a necessity in everybody’s lives. It helps maintain good social and mental health‚ as well as personal pleasure. However‚ with the mass production of new social technologies‚ human socialization is slowly becoming less meaningful. Let’s retrace our steps. Back in the 1900’s‚ when breakthrough technologies were just being introduced‚ people didn’t rely on “smartphones” and “social media” as a means of communication. Instead‚ they would arrange to meet in person‚ or even engage
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Analysis and Reflection #3 Part one Human capital can generally be defined as the set of skills which someone acquires on the job‚ through training and experience‚ and which increase that person’s value in the market place. Any activity that increases the productivity of labor may be considered an investment in human capital (McConnell‚ 2009). Company can spend not only on formal education for employees‚ but also can spend on informal training. In addition‚ providing them with health or other benefits
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