such a difference? After further exam‚ management concluded the large fixed cost absorbed sale figure. First it is important to understand the standard costing system implemented in Rubber group. Standard costing assigns quantity and price standards to each component of variable and fixed costs in calculating the total cost. In the case of NASA‚ the system uses standard purchasing price (input cost) and standard inputs usage in place for variable costs‚ and standard spending price (input cost) and
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the entire population. The criminal justice facilities are split into two different types of housing. The types of housing include jails and prisons. The main difference between them is the amount of time that the offender spends behind bars and jails are typically ran by local law enforcement while prisons are either ran by the state or the federal government. There are also different levels of security in each facility (“What is the Difference Between Jail and Prison?” (n.d.)). While there is a
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There are differences between microeconomics and macroeconomics‚ although‚ at times‚ it may be hard to separate the functions of the two. Microeconomics and macroeconomics are the two major categories within the field of economics. Microeconomics is the branch of economy‚ especially such topics as markets‚ prices‚ industries‚ demand‚ and supply. Microeconomic concentrates on the difficulties of the markets for services and goods‚ and how the price affects the growth of the markets (Microeconomics
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Chapter 17: Valuation and Capital Budgeting for the Levered Firm 17.1 Honda and GM are competing to sell a fleet of 25 cars to Hertz. Hertz fully depreciates all of its rental cars over five years using the straight-line method. The firm expects the fleet of 25 cars to generate $100‚000 per year in earnings before taxes and depreciation for five years. Hertz is an all-equity firm in the 34-percent tax bracket. The required return on the firm’s unlevered equity is 10 percent‚ and the new fleet
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Introduction It has been argued before that there is really a thin line between administration and management. Indeed both terminologies have been used in many occasions interchangeably. Our mandate in this paper therefore is to outline the existing differences between administration and management. Rosenbloom (1986) focuses at public forums to bring out the meaning of administration. He argues that‚ public administration is the use of management processes‚ theories and practices to fulfill a
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Difference between Zakat and Tax First I would like to say that Zakat is related to religion and tax is related to government. In no way Zakat and tax can go together; they are different in many respects. While zakat has a religious sanctity‚ tax is not like that. Tax is collected from all citizens of a country. The government collects tax for the overall development of the country; On the other hand‚ Zakat is only imposed on Muslims. Zakat is fixed as per the Holy Quran and cannot be changed by
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Differences between supermarket and market People are familiar with the traditional markets. When the quality of life raises up‚ their habit to buy goods in supermarkets also increases. There are three main differences between markets and supermarkets: scale‚ quality and the way to purchase. The first point is that the markets are generally smaller than the supermarkets about various kinds of goods‚ technological facilities and quantity of staffs. Supermarkets have a system of arranging products
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Corporate Finance and Investment 1. Define “Working Capital” Working Capital=Current Assets-Current Liabilities =Accounts Receivable + Inventory - Accounts Payable “Working capital is how much in liquid assets that a company has on hand. Working capital is needed to pay for planned and unexpected expenses‚ meet the short-term obligations of the business‚ and to build the business.” 2. Give concrete measures how w.c. can be optimized (receivable‚ inventories (JIT
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Bandung and Bali are famous for their locations and sites to be visited by tourist. However‚ there is a lot of contrast and differences between Bali and Bandung. The main difference between Bandung and Bali are from their cultures and religions. Bali is an island and a province of Indonesia‚ the nation’s smallest province. Since Bali is an island‚ Bali is surrounded by sea. Bali has great beaches for beach activities. Some famous locations are Tanjung Benoa which is famous for beach sports and
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was in transit. The bank charged Broom $12 for check printing and $18 for an NSF check. Broom forgot to record a $30 withdrawal at the ATM. The bank also collected a $400 note for Broom. Prepare a bank reconciliation. 2. Erasers costs $5 per carton and pencils cost $7 per carton. If an order comes in for a total of 15 cartons for $85‚ how many cartons of each were bought? 3. The price of a hamburger increased from $1.10 to $1.59. What percent did the price increase? 4. Morgan company received
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