Question 1 | The comparative balance sheets of Nike‚ Inc. are presented here. | NIKE INC. | Comparative Balance Sheets | May 31 | ------------------------------------------------- ($ in millions) | Assets | 2007 | 2006 | Current assets | $8‚076 | $7‚346 | Property‚ plant‚ and equipment (net) | 1‚678 | 1‚658 | Other assets | ------------------------------------------------- 934 | ------------------------------------------------- 866 | Total assets | -------------------------------------------------
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PRINCIPLES OF COST CONTROL 1.1 Introduction Cost is important to all industry. Costs can be divided into two general classes; absolute costs and relative costs. Absolute cost measures the loss in value of assets. Relative cost involves a comparison between the chosen course of action and the course of action that was rejected. This cost of the alternative action - the action not taken - is often called the "opportunity cost". The accountant is primarily concerned with the absolute cost. However‚
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GSP Plus status and its implication on Pakistan Generalized Scheme of Preferences (GSP) The EU’s "Generalized Scheme of Preferences" (GSP) allows developing country exporters to pay lower duties on their exports to the EU. This gives them vital access to EU markets and contributes to their economic growth. Generalized Scheme of Preferences in a nutshell There are three main variants (arrangements) of the scheme: The standard GSP scheme‚ which offers generous tariff reductions to developing
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2) was actually $0.25 ($6.15 - $5.9) or 4.2% higher than the individual selling price prior to the price escalation immediately before the promotion. Consumers lured to the promotion had not only purchased more of the item but also paid a higher cost. In this case‚ the consumers would have been better off had they made the purchase before the promotion. Or‚ indeed‚ as observed in the study‚ after the promotion. Using the same example of the canned beer‚ it was shown that‚ on 19 December‚
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Humanities 1 (Online) January 28‚ 2013 The Rich and the Poor‚ Something’s Never Change Today‚ in our nation there is a distinguishable difference between the rich and the poor. This is not a modern concept or a new way of life. This is how our nation and many others have been founded for thousands of centuries. The rich have the power to change things so that they continue to reap the benefits and the poor are always at the mercy of the rich. This can be seen as far back as the Egyptians
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Session 1 exercises Dr. Johannes Fichtinger 1 Pricing strategy for a monopolist A company produces a single product. The price of this product depends only on the quantity produced. If only one item is offered to the market‚ the company can charge a price of £1000. For each additional item offered to the market‚ the company has to lower the price by £10 in order to be able to sell it. (a) Define all relevant variables of the problem‚ a possible objective and the constraints of the problem.
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Nature Beauty Price strategy will be the penetration theory for my product. Penetration is pricing low to stimulate the sales‚ encourage trail‚ and trigger by word of mouth. Nature Beauty’s mineral powder foundation will not be a new product that no company has similar to. We will need to start by gaining the trust of the consumers by word of mouth and different marketing strategies to the targeted customers. This way once the product has some buzz and customers appreciate the products value‚ we
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recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing overhead = Predetermined overhead rate
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Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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Each level of wealth has different characteristics. Some assumptions of the rich is that they are cruel and don’t thing about anyone other than themselves. They want to get more and more money. People believe this because we see it in our own government. Politicians get paid by banks and other corporations to vote on a legislation that will come in favor of businesses. But then there are nice wealthy people because they give money to charity. Another characteristic is that they are either smart or
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