The Europeans were motivated to embark on voyages for discovery had many motives. One motivation was to find the fantastic lands described in works such as the Travels of Mandeville and the legends of the magical kingdom of Prester John. Columbus even took a copy of Marco Polos Travels with him on his voyages. The most important motive was economic. The conquests of the Ottoman Turks had cut the Europeans off from trade with Asia. The overland trade routes were controlled by the Arab Muslims
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Profit Determination Prepared by John Hoggett and Clare Innes Measurement of Profit • Cash basis • Cash income received - Cash expenses paid – Revenues recorded when received – Expenses recorded when paid • Accrual basis • Profit = Income (incl. Revenues) - Expenses – Revenue is recognised when the anticipated inflow of economic benefit can be reliably measured – Expenses when the consumption of benefits can be reliably measured 2 Adjusting Entries • The need for adjusting entries-
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Milton Friedman‚ “The Social Responsibility of Business is to Increase Profits” In the article‚ “The Social Responsibility of Business Is to Increase Profits‚” Friedman states that “businessmen believe that they are defending free enterprise when they proclaim that business is not concerned merely with profit but also with promoting desirable social ends.” This social responsibility is defined as Corporate Social Responsibility (CSR)‚ which is the belief that “corporations owe a greater duty
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CHAPTER ONE PRINCIPLES OF PERSONNEL MANAGEMENT HUMAN RESOURCE DEPARTMENT AND ITS BASIC FUNCTIONS For any organization‚ staff or men power is the most valuable asset.. In the modern age where computers and information technology have brought revolutionary changes in the progress and performance‚ human resource factor’s importance has become imperative. Many years ago large organizations had no separate department for staff matters and Personnel & Admin Department was doing the job. But recently
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play‚ and it plays a major role in Iago’s plan to destroy Othello. Iago can be characterized as a very malicious and manipulative character who uses his wordplay to deceive others. In this essay‚ I will be analyzing the text to exhibit that Iago’s motives were both vindictive‚ malign‚ and racially motivated. In Iago’s first soliloquy‚ he confesses two reasons as to why he hates Othello.
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Force and Legal Compliance Johnnie Garcia ETH/316 November 17‚ 2014 Daniel Heller Force and Legal Compliance “What does it mean to say that a rule would produce the best consequences?” The theory of “utilitarianism is a huge interest and influence. Additionally we may ask how “utilitarianism” is discussed and how might it be criticized or defended? Utilitarianism Jeremy Bentham an English philosopher and political thinker has been described as the modern father or utilitarianism. According
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Name: Thuy Anh Nguyen November 6‚2012 1. Conditions for profit maximization are: a) Difference between total revenue (TR) and total cost (TC) is maximized; b) Marginal revenue (MR) should be equal to marginal cost (MC) Explanations: If we assume that the company is facing a downward – sloping curve and it produces just one single product a) Profit = TR – TC. Profit will increase if TR increases and TC decreases. If company wants profit maximization‚ it should be TR maximization and TC minimization
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do. There are usually a small amount of large firms and they usually control the market. Competitive firms will use the firms marginal cost to produce the price. The price of the good must be lower than the cost to produce it. To maximize the profits is when the price is equal to the marginal cost of production. The competitive firm must be producing at the point where price equals marginal cost. In monopoly firms they cannot just set a high price for their good because the customers will completely
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Huge moments in American history are the Civil Rights Movement and the Women’s Suffrage Movement‚ which have had significant implications on the struggle for social justice and equality. These movements led by prominent personalities and their powerful demonstrations prompted national debates that culminated into legislation‚ thereby shaping society even up to now. Moreover‚ through peaceful protests‚ legal battles as well as a strong commitment to change‚ activists within these movements challenged
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101 Manage customers for profits not just sales) Benson P. Shapiro‚ VKastuh Rangan‚ Rowland T. Moharty‚ and Elliot B. Ross (rl3 High sales volume does not necessarily mean high income‚ as many companies have found to their sorrow. In fact‚ profits (as a percentage of sales) are often much higher on some orders than on others‚ for reasons managers sometimes do not well understand. If prices are appropriate‚ why is there such striking variation? Let’s look at two examples of selling and pricing
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