Lecture 2: Study Week 2 The Accounting Equation & the Double Entry System Objectives for today 1. Analyzing transactions using the Accounting Equation 2. Next Week: How do firms actually measure Income?: Accrual vs. Cash Accounting g 3. Next Week: Determine when a company should record revenues and Expenses: The Matching Principle The Operating Cycle Start with cash and end with more cash Collect cash from customers Purchase inventory Make sales to customers The Recording
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Chapter FOUR The ECONOMIC Environment CLOSING CASE: Meet the BRICs [See Fig. 4.5.] Over the next 50 years‚ changes in the relative performance‚ scale‚ and scope of the world’s economies will be dramatic. Most notably‚ data indicate that the combined economies of Brazil‚ Russia‚ India and China—the so-called BRICs—should surpass those of the G7 nations by 2050 [see Fig. 4.5]. In fact‚ of the original G7 nations‚ only Japan and the United States will still rank among the world’s largest
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comparison between the two shows the following: • There is a big difference between the two systems for read range. For a passive Ultra High Frequency (UHF) for up to 40 feet and active RFID For up to 100 feet‚ there is no read range required in most cases but a bar code system requires having read range from several inches up to several feet. • Read Rate: RFID can read anywhere from 10’s to 1000’s simultaneously and bar code system can only read one at a time. • Identification: RFID can uniquely
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Case Assignment Questions DHL Worldwide Express 1. How do customers purchase air express services? Are there differences between documents and parcels? Yes‚ there are differences. There are two principal types of customers. First‚ there are the people who base their decisions depending on the level of satisfaction that the shipment company’s current customer base have. They are not price sensitive and because it is easy to anticipate their purchase volume and shipment‚ it is easier for DHL
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Case Discussion Questions 1. A green field development can be a best way to reduce labor costs. Intel could employ well- educated‚ reliable workers inexpensively in Costa Rica through the development of green field. 2. The international site selection team is important for Intel because they should identify and collect the technical‚ economic‚ and environmental protection criteria‚ develop an evaluation plan‚ evaluate proposed sites‚ identify alternatives that meet the purpose and need for
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Case Background I felt that the most important aspect of this case is the history that has been with Bangladesh‚ and the major political turmoil it has seen in a very short period of time. In 1947 the government transitioned from British-ruled to that of a providence of Pakistan‚ which became known as East Pakistan. Although they had independence‚ they always felt disconnect and that they were underrepresented in the government. In the early 1970’s‚ they gained their independence with the help of
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PLASMA INTERNATIONAL The Sunday headline in the Tampa‚ Florida‚ newspaper read: “Blood Sales Result in Exorbitant Profits for Local Firm.” The story went on to relate how the Plasma International Company‚ headquartered in Tampa‚ Florida‚ purchased blood in underdeveloped countries for as little as 15 cents a pint and resold the blood to hospitals in the United States and South America. A recent disaster in Nicaragua produced scores of injured persons and the need for fresh blood. Plasma International
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CASE STUDY ORLANDO INTERNATION AIRPORT The reason for existence for any organization is the production of goods and services. Therefore‚ operations play a central role in any organizations because it produces goods and services. To better understand the meaning of operations we must examine organizations functions and distinguish the relationship between them. All organizations have marketing‚ accounting & finance and products / services development functions. These functions are known as major
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Case Study- Detecting Dialysis Death’s In mid-August 2001‚ four elderly people were suffering from kidney failure so they underwent Dialysis at Madrid Hospital. After dialysis the people became seriously ill and they died after the Dialysis treatment. The news about the death of patients did not come out. As per laws the hospital sent a legal notice to the maker of the dialysis filter. The company‚ which was making the dialysis filter‚ is a US based company - BAXTER INTERNATIONAL. Baxter international
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Puyricard Fine Chocolate. Puyricard is a premium chocolate-maker. It produces and sells fine handmade chocolates‚ calissons and confectionary through its own retail network (14 stores in France: 12 in Provence‚ 2 in Paris)‚ wholesales and website. It is the French leader for craft chocolate‚ with an annual production of 120 tons of chocolate and a turnover of 6‚9 million euros. The company is family-owned and run by the sons of the founders. It was created 40 years ago and the CEO‚ Tanguy Roelandts
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