Earth. — The Earth was thought of as flat. — No one experimented to see how far they can see. — The Solar System current concepts. — The planets revolve around the sun. — Earth is a 4-dimentional sphere that changes over the planets lifetime. — Astronomers only limitation is how big their telescopes are. — Understanding — Our understanding of how this planetary body works was a long and slow result of time and patience. — From the
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How the 1950s and 1960s changed the United States Your grandparents or great grandparents were obviously hormone filled young men and women. As many men were coming home from war‚ so were a ton of hormones. There were 76.4 million babies born from 1946 to 1964‚ with the greatest overall numbers coming from 1954 through 1964. By 1964 those babies‚ known as “baby boomers”‚ accounted for almost 40 percent of the United States population. Along with the growing population came a growing need for more
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LEAN ACCOUNTING: BEST PRACTICES FOR SUSTAINABLE INTEGRATION "Costs do not exist to be calculated. Costs exist to be reduced.” – Taiichi Ohno‚ father of the Toyota Production System Lean Accounting-It is simply the application of lean principles to the accounting and associated functions within the enterprise. The idea is simple‚ but the application is not obvious within the framework of traditional accounting systems. Lean Accounting was born in the early 90’s through the experiences
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Laptop In our culture we use the Laptop to do our works. Like the homework‚ projects and designing. A laptop is a personal computer that can be easily carried and used in a variety of locations. Many laptops are designed to have all of the functionality of a desktop computer‚ which means they can generally run the same software and open the same types of files. However‚ some laptops‚ such as netbooks‚ sacrifice some functionality in order to be even more portable. laptop computer‚ sometimes called
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Alberta School of Business Department of Accounting OPERATIONS and Information systems Accounting 523 Section X50 winter 2013 Midterm Exam Last Name First Name I.D. Number INSTRUCTIONS 1. Read these instructions carefully. 2. You must hand in this exam booklet before leaving the exam. 3. To answer the multiple choice questions‚ circle the letter of your answer. To change your answer‚ stroke through the old answer and circle the new response. You may write
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Jim McFie‚ a Fellow of the Institute of Certified Public Accountants of Kenya FASB (the Financial Accounting Standards Board‚ a US body) was the first organization to develop “Concepts Statements”. All the other “Concepts Statements” have been based on those developed by FASB. A new “Conceptual Framework for Financial Reporting” was worked on jointly by FASB and IASB (the International Accounting Standards Board) and was published simultaneously by FASB and IASB in September 2010. It deals with
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The same principles of building positive relationships can be applied to children‚ young people and adults. If you are respectful‚ honest and communicate appropriately‚ you will make people feel at ease in your company and encourage them to communicate with you. We are more likely to communicate information to others if we have developed a mutual‚ trusting‚ positive relationship with them. In school we develop and build relationships with others on a daily basis in a variety of different ways. We
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possibility/rights/power to get company’s financial information. Do you agree with this statement (give you arguments)? How financial statements are useful to the various interested parties (users of information)? Financial accounting’s aim is to allow all the users of interested parties to understand firm’s situations in global and synthetic way. The financial statement produce information for managers as well as for the other users parties (Creditors‚ Customers‚ suppliers‚ employees‚ stakeholder
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Chapter 3 addresses the following learning objectives: LO1 LO2 LO3 LO4 LO5 LO6 Explain the concepts of cost-volume-profit (CVP) analysis in decision making Apply CVP calculations for a single product Apply CVP calculations multiple products Describe the assumptions and limitations that mangers consider when using CVP analysis Assess operational risk using margin of safety and operating leverage Analyze the difference between contribution margin and gross margin These learning objectives
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Chapter 2 Discussion Questions 1. What is the meaning of cost behavior and how does the variable cost behave differently than fixed cost (per unit & total)? Cost behavior is the change of cost relative to change in some extent of activity. The total fixed cost remains constant regardless of change in the volume of activity. However‚ the fixed cost per unit is inversely related to the change in the volume of activity. As the change in the volume of activity increases‚ the fixed cost per unit
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