1. (Resource Demand) How do firms and individuals determine if it ’s worth it to (a) invest in capital improvements‚ (b) hire additional workers‚ or (c) decide where to work? Briefly explain. Answer – Firms and individuals determine if it’s worth it to invest in capital improvements when the marginal product of capital is more than the interest paid on each unit of capital. Similarly‚ when the marginal product of labor is more than the wage rate of each unit of labor‚ until then the firms and individuals
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|Central Excise | 1. LEVY OF EXCISE DUTY The power to levy a duty of excise manufactured or produced in India derives its authority from entry 84 of the Union List (List I) of Seventh Schedule read with Article 246 of the Constitution of India. Thus‚ Central Excise is a tax on the ‘act of manufacture or production’. Section 3 of the Central Excise Act‚ 1944 (hereinafter
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The Five Basic Field Measures represent the things that an individual must do well in order to succeed as a team member. They also represent the things that a team must do well in order for the corporation to succeed. The Five Basic Field Measures are Revenue‚ Customer Success‚ Territory Development‚ Team Contribution‚ and‚ Business Basics. 1. Revenue: Revenue contribution is critical to the short-term success of the corporation. It is important that each Field professional view themselves as
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Scott‚ Financial Accounting Theory‚ 6th Edition Instructor’s Manual Chapter 2 Suggested Solutions to Questions and Problems 1. P.V. Ltd. Income Statement for Year 2 Accretion of discount (10% × 286.36) $28.64 P.V. Ltd. Balance Sheet As at Time 2 Financial Asset Cash Shareholders’ Equity $315.00 Opening balance Net income $286.36 28.64 Capital Asset Present value 0.00 $315.00 $315.00 Note that cash includes interest at 10% on opening cash balance of $150
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IFRS 13 Fair Value Measurement applies to IFRSs that require or permit fair value measurements or disclosures and provides a single IFRS framework for measuring fair value and requires disclosures about fair value measurement. The Standard defines fair value on the basis of an ’exit price’ notion and uses a ’fair value hierarchy’‚ which results in a market-based‚ rather than entity-specific‚ measurement. IFRS 13 was originally issued in May 2011 and applies to annual periods beginning on or after
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First‚ standardized tests cannot measure the true capacity and measure student performance. To get a good score on standardized tests‚ students just try to memorize all contents of what teachers told and taught them. By this process‚ students do not only try to understand deeply about the contents‚ but they also just memorize things whose notions that they do not know and comprehend well. This may cause students to forget the substances so easily. Moreover‚ in multiple-choice tests‚ students can
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Desperate Times Call for Desperate Measures Faraaz Akhtar History 30 Mr. Whelan December 12th 2008 Canada has always been known as a peaceful country. Among other parts of the world consumed by riots‚ lawlessness and violence‚ Canada is seen as an oasis of democracy‚ freedom‚ and responsible government. However during October of 1970‚ it was made very clear that the potential for civil strife‚ terrorism‚ and even revolution exists in the true north strong and free. During this terrifying
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How To Measure TQM Success ? By [ http://ezinearticles.com/?expert=Dr._LM_Foong ]Dr. LM Foong Implementing TQM is an initiative many organizations wanted to embark on. Assuming that you are a leader of this organization‚ a common question you probably asked would be: “How do I know whether my organization is successful in implementing TQM?” TQM implementation has been in my mind for a long time and I wondered how to measure the success of TQM implementation in an organization. If we take an
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Supply Chain Management Inventory Review Question [1] Toys R’Fun is planning a new line of cuddly toys called “furby.” The plush furby toy will be priced at $27. Toys R’Fun purchases the fur by for $18. The annual demand is estimated to be 36‚400 furbys (or 700 per week). The opportunity cost of capital for Toy R’Fun is 25% per annum. Other relevant holding costs (taxes‚ insurance‚ theft‚ obsolescence‚ etc.) are estimated to be 8% per annum. The cost of capital is 10% per annum. The ordering
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"Measure twice cut once..." is what most carpenters go by‚ but it can also be used for a guideline for ones life. What I mean is when someone is going to make a decision that is going to affect their life in a big or small way They should think about it before they go doing immediately. Finding out that you’ve messed up hurts really badly. I learned the hard way. My life was going good. I had decent grades at school‚ my family was getting along‚ and one Friday evening me and my older brother were
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