How Homework can Help with Your Academic Success? Homework is an important part of the academic curriculum and it also plays a major role in ensuring academic success for the students. Let us talk at length about how homework can help in bringing about academic success. Homework primarily helps in building five skills which assist in attaining academic success. Those skills are as follows: Organization: Being organised is an essential ingredient in the recipe of academic success. One has to
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Aruviereh How does reality determine personal truth? Reality for me is lesson learned meaning experience of an outcome during an event or any situation in human life. Truth on the other hand is human action of any event or experiences. Depending on the outcome or situation‚ human interprets it in numerous ways. Lesson learned is what human say is truth which can result in either a success or failure to accomplish a task. Whatever the outcome‚ plans of either making it better or do what can be done
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Marginal Costing Introduction The Cost of a product of comprises of materials‚ labour‚ and over heads. On the basis of variability they can be broadly classified as fixed and variable costs. Fixed costs are those costs which remain constant at all levels of production within a given period of time. In other words‚ a cost that does not change in total but become. Progressively smaller per unit when the volume of production increases is known as fixed cost. it is also called period cost eg. Rent
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MARGINAL COSTING Introduction Even a school-going student knows that profit is a balancing figure of sales over costs‚ i.e. Sales - Cost = Profit. This knowledge is not sufficient for management for discharging the functions of planning and control‚ etc. The cost is further divided according to its behavior‚ i.e.‚ fixed cost and variable cost. The age-old equation can be written as: Sales - Cost = Profit or Sales - (Fixed cost + Variable Cost) = Profit. The relevance of segregating costs
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Capital Budgeting Capital Budgeting is done because companies need to make Acceptance/rejection decisions for buying fixed assets etc. Features of fixed assets : Investments upfront and returns take a long time. Risk is long term Expenses are indivisible and lumpy Ex. If HUL wants to put up a synthetic detergent plant of 50 cr. Rs. -> by spending 25 Cr. Rs.‚ the plant wont be operational at half the capacityS The Capex decisions are irreversible Projected P&L : Less Sales Raw Materials
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phenomenon that takes place within society. It is divided into many sub-categories such as psychology‚ sociology‚ anthropology and criminology. It’s study affects all aspects of society. In the following paragraphs‚ I will discuss how social science theory ‚ specifically criminology can help reduce crime. Criminology & Penology is the branch of social science that deals with occurrences of crime‚ their causes and their consequences. It is the study of crime within society. In society an activity
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Planning and Budgeting “Planning and budgeting are the two key major roles in the financial functioning of a healthcare organization. Planning covers the entire process and procedures of preparing the organization for their future financial goals. Budgeting include all of the detailed plans‚ which are expressed in dollar terms and they tell how the organizations resources will be obtained and used during a specific time period” (Gapenski‚ p. 253 & 259). In this paper there will be a brief discussion
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revenue) and outputs (expenses) for the business. This means it shows how to use revenue and expenses. It is also used to look back at previous time periods and to look forward at future time periods. Overall‚ budget defines precise targets for a given time period concerning following financial activities: * Cash receipts and payments * Sales volumes and revenues‚ broken down into amounts and prices for each of the products or services provided by the business * Detailed inventories requirements
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Predictor|Cost driver| a.|yes yes| b.|yes no| c.|no yes| d.|no no| ____ 7. A cost driver a.|causes fixed costs to rise because of production changes.| b.|has a direct cause-effect relationship to a cost.| c.|can predict the cost behavior of a variable‚ but not a fixed‚ cost.| d.|is an overhead cost that causes distribution costs to
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CHAPTER 3 Product Costing and Cost Accumulation in a Batch Production Environment ANSWERS TO REVIEW QUESTIONS 3-1 (a) Use in financial accounting: In financial accounting‚ product costs are needed to determine the value of inventory on the balance sheet and to compute the cost-of-goods-sold expense on the income statement. b) Use in managerial accounting: In managerial accounting‚ product costs are needed for planning‚ for cost control‚ and for decision making. c) Use in cost
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