RUN‚ INC. Case 1) What are the practical differences in the accounting for a change in estimate and a correction of an error? Why might managements prefer one approach to another? What pictures do the two accounting presentations paint for readers outside the company? A change in estimate is a normal and ongoing process of a company. It usually arises from the appearance of new information that alters the current situation. Accounting for a change in estimate is treated prospectively. Companies
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Custom Coffee Darlene Winchester Management Today-week 3 I believe Custom Coffee & Chocolate mission is to establish a small café where they and their customers could indulge their love of good coffee and fine chocolates. Bonnie and Stacy‚ recent college roommates‚ wanted a location that got a lot of foot traffic from shoppers and businesses. Their desire was to target a place near the university because they knew and understood those customers well. The purpose of the cafe’ is to serve
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aggregate wealth-creating capacity may be greater. [Because EVA‚ like ROCE‚ is also usually based on a "snapshot" or short time series of data.]•Is it valid to mix accounting and market measures as EVA does?Q3. Calculate EVA and MVA from Outsource Inc and whether it could be used as an incentive system for its employees. Ans: Operating Current Assets (OCA)= Current Assets - Short term investments= 438‚685 - 61‚047= $ 377‚638Operating Current Liabilities(OCL) = Current liabilities- Notes payable=
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Introduction Blue Chip Blue chips are the biggest‚ most stable‚ and often the most reputable companies in existence. The term comes from casino houses‚ whihc use colored plastic chips to represent the money patrons gamble with. Traditionally‚ blue chips were the most valuable color chip of all; but in gambling today blue chips are among the lowest valued chips‚ and also the most widely recognized. This is in standing with the financial industry’s strong feeling for its own history: investors
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adequately satisfied (Case‚ Fair & Oster‚ 2009‚ pg. 137). In a monopolistic economic environment you have one firm that controls the entire market place. The barrier to entry is high and profit maximization is usually high. In the potato chip industry in the Northwest‚ moving from a monopolistically competitive market place to a monopoly has different ramifications for the potato chip manufacturer and the various stakeholders. Prior to the purchase of all of the potato chip manufacturers by two
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discussing a potato chip company that has changed its market structure and what affects this change has made on the company‚ businesses that work with the company‚ and consumers. Prior to Wonks potato chips being in existence it was independent potato chip companies that operated in the Northwest that were ran in a competitive structure and in long-run competitive equilibrium. Once these potato chip companies were all bought up and turned into one company called Wonks potato chips which is now running
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James Hilton’s novel Goodbye‚ Mr. Chips is the story of an English schoolmaster who dedicated his entire adult life teaching young boys. He was a somewhat shy person. Nevertheless he was a competent school teacher‚ professional and attractive in many different ways. Although his first teaching experience was not successful‚ he was determined to become a good schoolmaster. After coming to Brookfield‚ he began to warm up to his students. But more important he brought discipline to his school which
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This Chip Can Tell If You’ve Been Poisoned Quick detection. This 2-cm-wide chip (inset) can quickly test for botulism‚ a deadly disease caused by theClostridium botulinum bacterium. When you are dealing with a deadly poison that can be found in food and is a potential terrorist weapon‚ you want the best detection tools you can get. Now‚ researchers in France have demonstrated an improved method to detect the most deadly variant of the botulinum neurotoxin‚ which causes botulism. Their test
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Although Kazakhs in many instances take pride in that they have homogeneous customs and traditions across all regions of Kazakhstan‚ through talks and discussions with people from different regions one can identify that there are not so evident variances in patterns of celebrations and general attitudes for different traditions of people from different parts of Kazakhstan. The specific to regions attitudes towards tois‚ big familial celebrations and festivals‚ such as weddings‚ jubilees‚ as well
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Peasants were at the bottom of the Feudal system and had to obey their local lord to whom they had sworn an oath of obedience on the Bible. Because they had sworn an oath to their lord‚ it was taken for granted that they had sworn a similar oath to the duke. The one thing the peasant had to do in Medieval Europe was to pay out money in taxes or rent.They had to pay rent for his land to his lord; he had to pay a tax to the church called a tithe. This was a tax on all of the farm produce he had produced
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