UNIVERSITY OF GUYANA FACULTY OF SOCIAL SCIENCES DEPARTMENT OF ECONOMICS ECN 213 - MANAGERIAL ECONOMICS COURSE OUTLINE SUMMER - 2010 LECTURER: Roger Rogers E-mail: rogers.roger@gmail.com INTRODUCTION Managerial Economics provides a foundation of economic understanding for use in managerial decision-making. Both microeconomic and macroeconomic relations have implications for this decision-making process. Since the demand for a firm’s products plays a major role in determining its
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Art 101 Week 8 Checkpoint Comparison of Three Sculptures Art is heavily influenced by the culture in which it was produced. As the three versions of David make evident‚ one person or object will be represented in different ways depending on the environment of its portrayer. In examining the sculptures of David created by Donatello‚ Michelangelo‚ and Bernini I can see that art is not only influenced by an artist’s surroundings‚ but because
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Inventory 1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows. Painting Cost 1/2 Beginning inventory Woods $21‚000 4/19 Purchase Sunset 21‚800 6/7 Purchase Earth 31‚200 12/16 Purchase Moon 4‚000 Woods and Moon were sold during the year for a total of $35‚000. Determine the firm’s a. Cost of goods sold.
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Chapter 4 Case 2: Greetings Inc.: Activity-Based Costing Solution: 1. An activity-based costing system may be appropriate for Wall Décor‚ when overhead allocation based job-order costing provides product cost distortion. As seen on previous case‚ this distortion happens when one product is manufacturing in high volume and the others are manufacturing in complexity as well as in low volume. In this situation Wall Décor should change its costing system for selling its high volume produced
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Managerial Accounting and Control Decision Making: Relevant Costs and Benefits Case 14-62 Submited to: Prof. Virgilio c. Avila Submitted by: Roy Kondoy Shella Faye Background of the Study Sportway Corporation Sportway is a wholesale distributor supplying a wide range of moderately priced sports equipment to large chain stores Products: 60% purchased‚ 40% manufactured The company has a Plastics Department that is currently manufacturing molded fishing tackle boxes Sportway
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Answers to Essay Questions: Chapter 8 8. Injured parties can recover damages by suing‚ asserting negligence under the Uniform Commercial Code (UCC). 9. To sue for negligence‚ the plaintiff must establish that the defendant breached its duty of care‚ creating an unreasonable risk to harm and such negligence or carelessness was the proximate cause of the plaintiff’s injury. 10. Strict liability is a liability ascribed to a manufacturer or seller of a defective or dangerous product regardless
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STAT ACTIVITY 1. A multiple-choice quiz has 15 questions‚ each with 4 possible answers of which only 1 is the correct answer. What is the probability that sheer guesswork yields exactly 10 correct answers at least 1 correct answer at most 1 correct answers 8 to 10 correct answers Mean and variance of the r.v.X=no.of correct answers 2. Suppose that airplane engines operate independently in flight and fail with probability 1/5. Assuming that a plane makes a safe flight if at
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Employment Law Final Exam Radiah DiPiano Webster University HRMG/5700 Summer Term July 26‚ 2014 Author Note Certificate of Authorship: This paper was prepared by me for this specific course and is not a result of plagiarism or self-plagiarism. I have cited all sources from which I used data‚ ideas‚ or words either quoted or paraphrased. Employment Law Final Exam 1. There are two factors that would need to be considered by the Federal Court to determine the validity of Leroy’s lawsuit
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Ethics in Accounting Mistakes Julia Brewer Acct-530-61365 March 9‚ 2014 The following report will discuss Case 1-8 A Faulty budget included in chapter one of the text book Ethical Obligations and Decision Making in Accounting: Text and Cases‚ 2nd Edition. In this case‚ Jackson Daniels is an accountant for Lynchberg Manufacturing and had been employed there since graduating college a couple years back. Daniels was responsible for creating the sales budget for sales of machines manufactured by
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(BSOP334 Week 1 Lab Solutions For Faculty) Answers to Lab 1 Chapter 11: Problems 7 and 9 (Pages 504-505) 7. a. No backlogs are allowed | Period | Mar. | Apr. | May | Jun. | July | Aug. | Sep. | Total | | Forecast | 50 | 44 | 55 | 60 | 50 | 40 | 51 | 350 | | Output | | | | | | | | | | Regular | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 280 | | Overtime | 8 | 8 | 8 | 8 | 8 | 3 | 8 | 51 | | Subcontract | 2 | 0 | 3 | 12 | 2 | 0 | 0 | 19
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