There are various methods in the accounting world used to keep track of inventory and cost of goods used. FIFO stands for first in first out method which is the opposite of LIFO‚ last in first out. Both methods have disadvantages and advantages when it comes to tax time or preparing a financial statement for the investors. As the name suggest‚ FIFO will account inventory that came in first will be sold first. This method is effective for companies selling products with expiration dates. Obviously
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contractor’s communications 4 of which LU responded to on the 31/07/2017 conditionally accepting 29 Final account packs with a total value of £110‚118.70 (1% of the total Value of the uploaded accounts)‚ rejected 33 Final account packs with a total value of £4‚862‚956.41 (49% of the total Value of the uploaded accounts). This averages a 115.25 day delay across these four communications (Delay being calculated as the number of days between the final date to respond [Four weeks after the issue date as
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BUS630 WEEK 1 Ashford University MANAGERIAL ACCOUNTING: This week students will: 1. Explain the primary ethical responsibilities of the management accountant. 2. Illustrate the key principles of managerial accounting including cost concepts. 3. Distinguish between the behavior of variable and fixed cost. 4. Explain the significance of cost behavior to decision making and control. 5. Determine the necessary sales in unit and dollars to break-even or attain desired profit
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FINS 5550 / FINS 3650 — International Banking Recap 04A — Credit Transformation and Credit Risk Credit Risk More than eighty percent of the average bank’s capital is held against credit risk. If credit risk accounts for >80% of the bank’s inventory cost‚ it’s a fair bet that credit transformation accounts for a similarly large portion of bank profits. Credit risk arises whenever the bank has an exposure which requires a counterparty to remit funds. The exposure can arise from a loan or loan-type
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Contemporary Problems Samantha Craig Contemporary Problem Essay HSM/210 Lori Rice 11/15/2013 There are many challenges in life that can negatively infect a persons’ life. The issue I believe is affecting more and more people is unemployment. In the United States the national unemployment rate is at 7.3%. However in just the state of Pennsylvania alone is at a rate of 7.7%‚ this is a total of 501‚038 people. (Department of Numbers‚ 2013.) Pennsylvania does provide
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This file of IT 210 Week 3 Discussion Questions consists of: DQ 1: Review the definition of control structure on p. 45 in Extended Prelude to Programming: Concepts and Design (2nd ed.). Then‚ think about the pseudocode algorithm you would write for a simple task (making a peanut butter sandwich‚ for example) as well as three simple control structures that could be used to create this algorithm. What do you think is the most difficult part of creating the algorithm? What can you
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DQ 1 Week4 You notice that your accounts receivable days outstanding have doubled in the first 6 months. Do you give someone a bonus or put him or her on probation? Why? Just because the accounts receivable days outstanding have doubled in the first 6 months does not mean that someone gets a bonus or is put on probation. There is not enough information given in this question to warrant such action. This type of action is jumping to conclusions and assuming without the evidence to substantiate
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EULA (End User License Agreement) is the software license agreement which is the term contract between the owner and the user . In other words one can say that EULAs are attempts to tie the customers to the established rules or the strict rules and the contract which says the hidden things of the particular software. Most EULA form contracts are in the digital form and the user may not understand it until they purchase the particular software. Therefore‚ initially they go for click through button
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Financial Polynomials MAT 221 Introduction to Algebra Instructor: Neal Johnson April 7‚ 2013 Problem 1 p=200 r=10 n=1 p(1+r)1 Reorder the polynomial 1+r alphabetically from left to right‚ starting with the highest order term. p(r+1) Multiply p by each term inside the parentheses. pr+p Replace the variable r with 10 in the expression. p(10)+p Replace the variable p with 200 in the expression. (200)(10)+(200) Divide 200 by 10 to get 20. This will be
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At National Extension College‚ my role consists of being the first point of contact with customers who wish to enquire about our courses and/or enrol in our courses. I am expected to answer any queries and guide prospective students through the process of enrolment. Customer Service takes an important stand in any business and it is essentially what my role revolves around. The first thing I do every morning is to turn on my computer and log into ‘Agent’ (the software we use to keep track of the
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