Q1: explicit costs and implicit costs concepts Explicit Cost Explicit cost is defined as the direct payment which is supposed to be made to others while running business. This includes the wages‚ rents or materials which are due in the contract. The explicit cost is the expense done in business which can easily be identified and accounted for in the business at any stage. The explicit cost represents the out flows of cash in clear and obvious terms. When any out flow of credit occurs in a business
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those in between. The Turkish government’s main foreign policy goals are to make Turkey an integral part of the European Union The Turkish government has‚ in recent years‚ worked on reforms to liberalize Turkey’s trade relationships and open its markets. Turkey’s main export commodities are apparel‚ foodstuffs‚ textiles‚ metal manufactures‚ and transport equipment. Its main export partner is Germany‚ who receives 11.3% of Turkey’s exports‚ followed by the United Kingdom‚ Italy‚ the United States
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COST SHEET FOR AMUL ICE-CREAMS [pic] PRESENTED BY HIRAL MEHTA 61 SAURAV MEHTA 62
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Journal entry 1 I saw that there was another riot today in the streets it consisted of the upper classes. They were mad because me and a few others because we go to the same school. One of them spotted me when I was looking at them when I was walking down the street. I turned and ran as fast as I could dodging into the alley by Teds grocery. Now that I think of it I should have ran the other way when I first saw them. Soon after the boy saw me he yelled out to let the rest of the group know. I
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fields. (The Norwegian currency is the krone‚ which is denoted by Nkr.) The company uses a sob-order costing system arid applies manufacturing overhead cost to jobs on the basis of direct labor-hours. At the beginning of the year‚ the following estimates were made for the purpose of computing the predetermined overhead rate: manufacturing overhead cost‚ Nkr360‚000; and direct labor-hours‚ 900. The following transactions took place during the year (all purchases and services were acquired on account):
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Situation 1: The motorcycle helmet market has 13 companies‚ and four firm concentration ratio of 26%. While the helmets have a variety of designs‚ they are sold at very similar prices. Recently‚ the death rate from head injuries in motorcycle crashes has been rising. The producers advertise their helmets as “effective‚” but some helmets withstand most falls and others are produced with materials that are more likely to crack in commonly experienced falls. The weaker helmets cost about $8 less to produce.
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or will be received. The result is entries to Cash or Accounts Receivable. You must also make entries to remove the Asset from the books and to remove any Accumulated Depreciation on the books for that Asset. The result is that the sum of the debits will not equal the credits in this transaction. The account that will be used to balance the debits and credits is called Gain on Disposition of Fixed Assets. The following example will help explain these entries. Consider a machine is originally
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a successful educational outcome and has the language‚ educational and material background to have a reasonable chance of achieving this educational outcome. Factors that are considered under the existing requirement to be a genuine applicant for entry and study as a student include: English language proficiency; financial capacity; prerequisite schooling; age requirements; and intention to comply with visa conditions. There are no changes planned to the genuine student requirement. Why has the
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long-term investments in new product lines‚ new equipment and other assets‚ managers must know the cost of obtaining funds to acquire these assets. The cost associated with different sources of funds is called the cost of capital. . If the business earns more than its cost of capital‚ the market value of the business will increase. Likewise‚ if returns on long-term investments are below the cost of capital‚ market values will decline. Therefore‚ how we manage capital is extremely important to fulfilling
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Cash Posting or Payment Entry Department | * Posting of the details contained in the EOB * Should post the relevant charge in the appropriate patient’s account * Initiate the process for the denied claims. Payment Entry Process - Flowchart | | | | | | | | | | | | | | | | CASH POSTING OR PAYMENTS | When a claim has been processed and paid‚ the amount paid will have to be applied to the amount charged for individual patient’s treatment in the Medical Billing
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