Costs of Production July 2011 Topics to be Discussed Measuring Cost: Which Costs Matter? How do Cost Curves Behave? – Cost in the Short Run – Cost in the Long Run How to Minimize Cost? How to draw Implications for Business Strategy? Topics to be Discussed Production with Two Outputs: Economies of Scope Dynamic Changes in Costs: The Learning Curve Estimating and Predicting Cost Measuring Cost: Which Costs Matter? Accountants tend to take a retrospective view of firms’ costs‚ whereas
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Downsizing: The Financial and Human Implications This essay examines the effects of downsizing with regard to the human and financial implications. Since the mid to late 1980s‚ downsizing has “transformed the corporate landscape and changed the lives of hundreds of millions of individuals around the world” (Gandolfi‚ 2008‚ p.3). For the purposes of this essay‚ downsizing is defined as the planned elimination of jobs‚ involving redundancies‚ and is designed to improve financial performance (Macky
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What’s your real cost of capital? By James J. McNulty‚ Tony D. Yeh‚ William s. Schulze‚ and Michael H. Lubatkin Harvard Business Review‚ October 2002 Issue of the article: valuing investment projects Number of pages: 12 Daniel Miravet Campos Part 1. Executive summary This article is fundamentally based on the exposition of a new method to calculate the cost of capital for a company (MCPM)‚ to meet the inefficiencies of the current one (CAPM). In valuing any investment project or
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and they are developing strategies that would enhance the working of students. Engaging students in certain activities in which they act out the role of characters‚ or parts‚ that may have personalities is known as the process of role playing. For behavioral practice role playing is becoming one of the favorite strategies of teachers and curriculum developers. In role playing students are placed in a specific scenario in which they are given a situation‚ background information‚ environmental information
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source same End result ! ends with financial statements ! integral part of other business aspects B. Cost Accounting Terminology 1. Nature of Cost Cost - A sacrifice of resources: Cost is a measurement in monetary terms of the amount of resources used for some purpose. Expense - The cost charged against revenue in a particular accounting period. 2. Purposes of Gathering Cost Information Routine decision making:
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The Right Choice Have you ever thought about saying something inappropriate‚ but you stopped yourself from doing it because you knew you were going to either cause problems or get in trouble? That is a reason why people should not be able to say or write whatever they want. People would constantly get in trouble and harm other people’s feelings or their way of life. People should not be able to say or write whatever they want because it will prevent people from constantly getting in trouble for
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should be free. In my opinion‚ postsecondary education should not be free‚ but the cost of tuition should be significantly reduced. Tuition costs should be reduced for a number of reasons. First‚ college is a very critical time for students to learn - not only about their future careers but about themselves too. Because the costs of college is so expensive‚ many people cannot attend the school of their choice. Doing this can impact their social development and learning potential by being
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revenues in an equitable manner. The revenue allocation phenomenon in Nigeria is basically the issue of distribution of national (resources) revenue‚ mobilized by the central federal government. And as far as the revenue allocation debacle is concerned‚ the haggling is between those who bake the national cake (major contributors to national revenue) and those at the helm of affairs to allocate it. There exist two fundamental dimensions of revenue allocation or sharing in Nigeria. The first dimension
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“Mean Girls” Behavioral Analysis The movie “Mean Girls”‚ featuring Lindsay Lohan and Tina Fey‚ is a comedic film about a girl in high school who has to deal with all the problems‚ pressures‚ and choices of growing up in American society in comparison to that of being homeschooled in Africa. This motion picture was the perfect platform for showcasing various types of behavioral psychology. When Cady first moves from Africa to attend a public school she is a nice‚ innocent‚ respectful teenage girl
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Cost/Benefit Analysis Evaluating Quantitatively Whether to Follow a Course of Action You may have been intensely creative in generating solutions to a problem‚ and rigorous in your selection of the best one available. However‚ this solution may still not be worth implementing‚ as you may invest a lot of time and money in solving a problem that is not worthy of this effort. Cost Benefit Analysis or CBA is a relatively* simple and widely used technique for deciding whether to make a change. As its
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