making: People face trade-off The cost of something is what you give up to get it Rational people think at the margin People respond to incentives The first principle can be summarized with the following phrase “There’s never a free lunch” every time that you need something you have to give something in return. One example is an employee that needs a particular day off. He could just miss work and not get paid or ask for a change of schedule and not miss work. This allows flexibility or compromise
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ACCT 30101 Carlos Briones Revenue Recognition Case Amanda Eng Alipasha Ziaee 1. Revenue Recognition for MultipleElement Arrangements The Case of Velocity Cellular a) According the ASC 60525255 there are two criteria that must be met in order to be considered a separate deliverable and a separate unit of accounting:
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We both assumed that the day would be the same as should be expected however it was most certainly not. While we were reading the daily paper‚ Jeremiah read an article about how the British Parliament needed to gather revenue. I read the article in my mind‚ yet I could not comprehend why the Parliament would need to do something like this. "Why would they want to gather revenue and how might they even gather it‚" I inquired. “From what I understand the Parliament needs to gather the revenue through
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Marginal Costing is ascertainment of the marginal cost which varies directly with the volume of production by differentiating between fixed costs and variable costs andfinally ascertaining its effect on profit. The basic assumptions made by marginal costing are following: - Total variable cost is directly proportion to the level of activity. However‚ variable cost per unit remains constant at all the levels of activities. - Per unit selling price remains constant at all levels of activities. -
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filings‚ press releases and regulatory bodies. The report provides historical figures and forecasts on handset and smartphone unit sales‚ revenues and ASPs across the globe from 2009 to 2018. Key Findings • Global demand will continue to be strong for smartphones: Researcher forecasts a 13.7% CAGR in unit sell-through from 2013 to 2018‚ resulting in a 2018 total of 1.9bn units. This trend is driven largely by the projected decline of the average selling price at a -10.8% CAGR over the same period
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importance of cost‚ revenue and profit for a business organisation 1. Cost Profit is the different between the selling price and the production cost. Product cost include not only the cost of manufacturing a product but also all the other costs incurred in the process of producing or delivering a product or service. 2. Revenue The revenue of a business is‚ the income from its operations. It is important for the business to make the gap between costs and revenue as wide as possible
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SD – MBA 2 Personal Report Name: Thuy Anh Nguyen November 6‚2012 1. Conditions for profit maximization are: a) Difference between total revenue (TR) and total cost (TC) is maximized; b) Marginal revenue (MR) should be equal to marginal cost (MC) Explanations: If we assume that the company is facing a downward – sloping curve and it produces just one single product a) Profit = TR – TC. Profit will increase if TR increases and TC decreases. If company wants profit maximization‚ it
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Are humans able to necessarily break apart from their everyday schedule in order to properly deal with managing their time better‚ and to deal with problems in their schedule as properly as they can? Say there is a human with a schedule‚ and everyday he wakes up‚ brushes his teeth‚ eats breakfast‚ gets ready‚ and then drives to work. Each time takes him 5 minutes to wake up‚ 5 minutes to brush his teeth‚ 10 minutes to eat breakfast‚ and 10 minutes to drive to his place of work. Every day he does
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Marginal and absorption costing Topic list 1 Marginal cost and marginal costing 2 The principles of marginal costing 3 Marginal costing and absorption costing and the calculation of profit 4 Reconciling profits 5 Marginal costing versus absorption costing Syllabus reference D4 (a) D4 (a) D4 (b)‚ (c) D4 (d) D4 (e) Introduction This chapter defines marginal costing and compares it with absorption costing. Whereas absorption costing recognises fixed costs (usually fixed production costs) as
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I. INTRODUCTION A. Historical Overview As we all know‚ the City of Davao is considered as the ‘Most Peaceful City in the Philippines’ and ranked 87th fastest growing City in the world. Even so‚ it has experienced various terrifying events in the past with innocent civilians as victims: locals and foreigners; Christians‚ Muslims‚ and Lumads; adults‚ women and children. All of these acts were considered Terrorism based on available literature. The Commemorative Monument of Peace and Unity in
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