K 10/28/11 Norton Commonly thought of as belligerently walking the streets late at night‚ or at any time in fact‚ the Irish culture is inaccurately perceived as the drinking type‚ at any point of the day on any day of the week‚ though usually all of the above. Americans drink‚ French people do too‚ as well as our friends from Great Britain‚ but for some reason people always accuse those Irish people of being too drunk too often. It just so happens to be that I am Irish‚ and American‚ though
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When I was twelve‚ my maternal grandfather died of prostate cancer. My parents had hid his sickness from me for months‚ thinking I was too young to handle the news. I found out only weeks before he died‚ and I recall being furious with my parents at his funeral. So‚ I asked my grandmother if I could stay with her for a while‚ thinking I could keep her company and also get a break from my parents who I felt had somehow betrayed me. Within weeks of moving in with my grandmother‚ she told me she had
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Chapter 1 Basic Cost Concepts Learning Objectives • To understand the meaning of different costing terms to understand different costing methods • To have a basic idea of different costing techniques • To understand the meaning of cost sheet In order to determine and take a dispassionate view about what lies beneath the surface of accounting figures‚ a financial analyst has to make use of different management accounting techniques. Cost techniques have a precedence over the other
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different quality material from standard; Buying materials from a non‑usual source due to urgency; Utilising different labour from standard; Price changes due to economic conditions; scarcity of supplies; Choosing to incur additional discretionary fixed costs; More (or less) overtime hours used than budgeted. 2. Efficiency/usage/quantity variances: Standard is out of date‚ set without due care; Inefficient use of material/labour‚ deliberate or otherwise; Poor supervision/equipment/maintenance.Changes in
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Cost of equity refers to a shareholder’s required rate of return on an equity investment. It is the rate of return that could have been earned by putting the same money into a different investment with equal risk. How It Works/Example: The cost of equity is the rate of return required to persuade an investor to make a given equity investment. In general‚ there are two ways to determine cost of equity. First is the dividend growth model: Cost of Equity = (Next Year’s Annual Dividend /
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points of the squares of odd and even numbers. The mid points do fall on yes you got it… The mid point falls on 5th May and 8th November which are the outcomes of the division of year by octave. So we have a strong argument that the nature and even the Stock markets are influential under the Octave based system. Mr. Gann has said numerous times to use the 45 degree angle. Now the question arises of how he has derived this particular degree angle. The magic is the octave based system. The circle is the
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statements. b. analyzing data. c. performance reports. *d. economic events. 4. _______________ is devoted to providing information for external users. a. Management accounting *b. Financial accounting c. Internal accounting d. Cost accounting 5. Financial accounting information is used for a. investment decisions. b. regulatory measures. c. stewardship evaluation. *d. all of these. 6. Which of the following is NOT part of the financial accounting information
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1. Effective communication and engagement Good communication is fundamental at my setting as it helps with establishing and building trust‚ it also encourages the children and the parents to come to the setting and seek advice for any problems or concern they may have for their child. * My setting believes it is important to establish and maintain relationships; this is done through the key worker system and includes dynamic practice that involves listening‚ questioning‚ understanding and
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WHAT ARE COSTS AND PROFITS? HUNGRY HELEN’S COOKIE FACTORY • Helen‚ the owner of the cookie factory‚ buys flour‚ sugar‚ flavorings‚ and other cookie ingredients. • She also buys the mixers and the ovens and hires workers to run the equipment. • She then sells the resulting cookies to consumers. 2 TOTAL REVENUE‚ TOTAL COST‚ AND PROFIT • The amount that Helen receives for the sale of its output (cookies) is its total revenue. • The amount that the firm pays to buy inputs (flour‚ sugar‚ workers
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Cost Theory in Economics A central economic concept is that getting something requires giving up something else. For example‚ earning more money may require working more hours‚ which costs more leisure time. Economists use cost theory to provide a framework for understanding how individuals and firms allocate resources in such a way that keeps costs low and benefits high. 1. Function * Economists view costs as what an individual or firm must give up to get something else. Opening a
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