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
Premium Revenue FIFO and LIFO accounting Inventory
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
Premium Credit Normal distribution Operational risk
Describe & analyze how the influence of culture played a role in the negotiations The Affordable Care Act is designed to expand insurance coverage‚ control costs‚ and target prevention (Gable‚ 2011). The government is targeting adults aged 19-64‚ since their access to health care and use of health services deteriorated between 2000 and 2010‚ particularly among those who were uninsured (Kenney‚ McMorrow‚ Zuckerman‚ & Goin‚ 2012). The goal is to reduce the number of uninsured adults through a Medicaid
Premium Health care Health insurance Health economics
Strategic Plan‚ Part III: Balanced Scorecard Laurie Waldrep BUS/475 June 11‚ 2013 Dr. Koshy Joseph-Vaidyan Strategic Plan‚ Part III: Balanced Scorecard The Balanced Scorecard is a technique used in strategic planning and management system used comprehensively worldwide in business management‚ government entities and non-profit organizations to align the organizational performance to the corporate vision and its strategic goals. It is “A set of four measures directly linked to a company’s
Premium Strategic management Strategic planning Management
Can we connect the dimension of masculinity versus femininity to the two key forms of negotiations? Could it also be connected to other dimensions such as individualism and power distance? As already noted‚ this dimension is not about gender roles per se‚ but rather about characteristics typical of masculine and feminine approaches and attitudes toward dispute resolution. Masculinity (MAS) v. Femininity Hofstede’s Masculinity dimension focuses on the degree to which a culture reinforces traditional
Premium Negotiation Gender Dispute resolution
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
Premium Accounts receivable Money Payment
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
Premium
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
Premium Algebra Polynomial Variable
Synopsis Born in India in 1920‚ Ravi Shankar is an Indian musician and composer best known for his success in popularizing the sitar. Shankar grew up studying music and toured as a member of his brother’s dance troupe. After serving as director of All-India Radio‚ he began to tour India and the United States‚ winning three Grammy Awards and collaborating with many notable American musicians‚ including George Harrison and Philip Glass. Shankar died in California on December 11‚ 2012‚ at age 92.
Premium Ravi Shankar George Harrison
This pack of ECO 561 Week 4 Discussion Question 4 comprises: Recessions seem to show up every so often and create economic hardship. One might think that macroeconomic policymakers could tame the business cycle and implement policies that would end recessions. Are recessions a necessary fact of macroeconomic life? If not‚ what would it take to eliminate them? If they are unavoidable‚ what types of business can benefit from them? How would a recession affect your firm? Economics - General
Free Unemployment Macroeconomics Business cycle