If you guessed the WHS DECA marketing club‚ you are correct. WHS’s DECA marketing club recently had $4‚000 in travel allocations unexpectedly cut from their budget. Without this money they won’t be going to this year’s annually DECA competition in Anaheim‚ California. What is most surprising is that the students of DECA and their parents are paying all of their own travel
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basic principle of impairment is that an asset may not be carried on the statement of financial position above its recoverable amount‚ which is the higher of the asset’s fair value less costs to sell and its value in use. An asset’s carrying value is compared with its recoverable amount and the asset is impaired when the former exceeds the latter. Any impairment is then allocated to the asset‚ with the impairment loss recognised in profit or loss. All assets subject to the impairment review are tested
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THE THREE METHODS OF RESOURCE ALLOCATION Throughout history‚ there have been three primary mechanisms for allocating resources. • In a traditional economy‚ resources are allocated according to the long-lived practices of the past. Tradition was the dominant method of resource allocation for most of human history and remains strong in many tribal societies and small villages in parts of Africa‚ South America‚ Asia‚ and the Pacific. Typically‚ traditional methods of production are handed down
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Economics is the study of social behavior guiding in the allocation of scarce resources to meet the unlimited needs and desires of the individual members of a given society. Economics seeks to understand how those individuals interact within the social structure to address key questions about the production and exchange of goods and services. First‚ how are individual needs and desires communicated such that the correct mix of goods and services become available? Second‚ how does a society provide
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The fact that there is huge variance in the number of units produced per production run- it is 375 for valves and 18 for flow controllers per production run. This shows the reason for high overheads cost too. Hence it calls for checking the cost allocation system of the company. Since Sippican produces three different products which comprise of different components‚ processes for all three need to be customised and refined to bring in any kind of standards. Variations in batch size owing to the machining
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checked your figures. 8. There were two managers who made the recommendation to revise our sales program. a. 9. In regards to implementation implications of the expansion‚ there would not be a need for significant allocation of resources. a. significant allocation of resources are not needed because of the expansion 10. It is imperative that we find a solution a. We must find a solution 11. The function of this department is the collection of accounts. a. Collection of Accounts
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CHAPTER: 1 EXECUTIVE SUMMARY Executive Summary A project has been prepared under the title of ‘Non Performing Assets in Surat’. First of all the information regarding the banking industry is given. In that various facts regarding the bank industry is being provided. Also the various types of non performing assets. The brief introduction of non performing assets is given. In this the definition‚ various benefits‚ objective‚ limitation etc. are mentioned. Then a analysis of data is made
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Chapter 1 • (Basic) Business cycle: Take Cash (initial $5) to PURCHASE (i.e. Retailers & Wholesalers) or MANUFACTURE - turn it into inventory THEN SELL - turn it to receivable THEN COLLECTION turn it into Cash ($8). • CASH: before purchase‚ you have $5 CASH‚ @ Inventory you have $0 Cash -> down by ($5) @ Receivable you have $0 Cash -> still 0 @ Collection‚ you have $8 Cash-> up $8 @ end of the cycle your Cash increased by 3 • Either $5 or $8 is a reasonable measure of inventory if the business
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and Extra-curricular Training (ASSET) – a comprehensive national seminar geared towards developing the potentials of the future leaders in management‚ accounting‚ and finance. ASSET has been recognized during the 5thGawad NCR as the Best Coordinated Non-Academic Activity (Local Chapter) for 2009 and the 7th Gawad NCR as the Best Coordinated Non-Academic Activity (Local Chapter) for 2009. OUR INVITATION This September 13-16‚ 2013‚ UPJPIA shall hold the 11th ASSET and continue its initiative to
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systems (IS) on business and their relationship to globalization • Explain why information systems are essential in business • Define an information system and describe its y management‚ organization‚ and technology components • Define complementary assets and their role in ensuring that information systems add organizational value • Describe the different disciplines used to study information systems‚ and explain how each contributes to our understanding of them • Explain what is meant by a sociotechnical
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