The Role of Culture in Learning After reading The Activity and Art of Reading by Mortimer J. Alder and Charles Van Doren‚ the wheels in my mind were left turning and I had to re-read it. This is not because I did not understand what they had written‚ but because I wanted to understand everything perfectly. They did make a lot of valid points; one of them being‚ “There is the book; and here is your mind. As you go through the pages‚ either you understand perfectly everything that author has to say
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Interview I interviewed the head of the customer service department from Korean Agricultural Union CNS‚ the online fruit sales company. I prepared questions and asked them during the time of the interview. I organized the interview in Q&A format. Q: Can you say your name and your job? A: My name is Youngsook Kim and I am the head of the customer service department. Q: What does your company do? A: My company works with agriculturist in Korea to adjust price of fruit and sell at an affordable
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ACCOUNTING FOR FREQUENT FLIERS INTRODUCTION: Accounting for frequent fliers had become a controversial topic since American Airlines in 1981 introduced them as a loyalty program. Loyalty programs provide members with benefits such as discounts and saving rewards‚ which make these programs popular among consumers (Liebermann‚ 1999). In this specific case‚ we define the Frequent Flier Program (FFP) as “the number of mileage credits and associated liabilities outstanding”. This program as we might see
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Question 1 (a)(i) Historical Cost The historical cost concept can be defined as assets and liabilities that must be recorded at historical cost which is the fair value of the given acquired item at the time of acquisition or the amount of proceeds received in exchange for the obligation at the time of the transaction. Example: 1. One month ago‚ Company ABC purchased 10 units of an item at RM12 per unit. The price today is RM13 per unit. Using the historical cost concept‚ the inventory shall
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Task 1 Accounting record is defined as the all of the documentations involved in the preparation of financial statements and records which are relevant to financial review and audits which include recording of assets and liabilities‚ ledgers‚ journals‚ and any other supporting documents like invoices. Ledger: Maintaining ledger is a must in all accounting system. Ledger is used for preparing trial balance which checks the arithmetical accuracy of the accounting books. Ledger is the store-house
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BUS 475 Final Exam Study Guide 1. The reason economists and accountants have problems using cost analysis in the real world is that although implicit costs do not show up in accounting profits‚ they nevertheless affect managerial decisions although explicit costs do not show up in accounting profits‚ they nevertheless affect managerial decisions economists do not believe in the existence of explicit costs expilcit costs cannot be measured Explanation: Implicit costs occur when an asset is used
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Case Study #1 Outline Case Study 1 is a comprehensive assessment of the procurement and contracting process. By the end of your analysis you should have touched on all aspects of the contracting process from plan purchases and acquisition stage through the select sellers phase. Because you are outsourcing multiple business processes you will have to think through each contracting piece for each business unit. For example‚ it may make sense to base your bid selection for the accounting
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Case Study – Strategy Report Brown-Forman Corporation (Jack Daniel’s) Strategic Issues Considered: Resource-Based View Product/brand reputation Organizational culture International Expansion Sustainability Risk Course: Strategic Management KEY ISSUES From reviewing the book case study and researching the Brown-Forman Corporation‚ there are several key strategic concepts and issues that characterize the company. The issues addressed
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Accounting Alternatives Case At the beginning of the year 20x1‚ two companies began operations to sell home heating units. Eads Heaters Inc. is located in Eads‚ Colorado‚ and Glenwood Heating Inc. is in Glenwood Springs‚ Colorado. The companies operate under similar economic conditions and have identical operations during the year. However‚ each manager makes different accounting choices and estimates when applying generally accepted accounting principles (GAAP) in preparing the company’s financial
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1. Tayag vs. Benguet consolidated INC 26 SCRA 242 Facts: Idonah Slade Perkins died in New York on March 1960‚ the domestic administrator in New York refused to give the Stock Certificates owned by Perkins in the Benguet Consolidated Inc. to the Ancillary administrator here in the Philippines for the purpose of satisfying the legitimate claims of local creditors. The Court of First Instance of Manila decided that the Stock Certificates was considered lose because of the refusal of the domestic administrator
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