000($970‚000-$177‚000). The total implicit cost is $190‚000($175‚000+.15X$100‚000). The total economic costs is $983‚000($793‚000+$190‚000). b. The accounting profit in 2010 is $177‚000($970‚000-$793‚000) c. The economic profit in 2010 is $-13‚000($970‚000-$793‚000-$190‚000). d. The owner should not leave his job because the economic profit is negative‚ which means he will earn less if he does his own business. 2. a. The type of agency problem that is involved here is principal-agent problem. Marriott
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March 2006 Financial Reporting This Financial Reporting letter was prepared and distributed by BDO Seidman‚ LLP to help our clients anticipate and respond to questions that may arise in connection with the implementation of FASB Statement No. 123 (Revised 2004)‚ Share-Based Payment. Contents: What is the scope of Statement 123(R)? What plans does it cover?...............................3 Is the plan compensatory for financial accounting purposes? ...............................
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ROLE OF THE GOVERNMENT The UK government has announced a package of measures aimed at rescuing banking system that makes 400 billion pound. 100 billion pound will be available in short term loans from bank of England on top of an existing loan facility. Banks will have to increases their capital by at least 25 billion pound and borrow from government. An additional 25 billion pound in extra capital will be available in exchange of preference shares. Government described as the root cause
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------------------------------------------------- Planning and Promoting Special Events for Non-Profit Organizations * Why do special events? * 60%-80% of smaller nonprofit organizations self report doing special events for fundraising purposes * If done properly‚ special events can help build your pipeline for major gifts‚ renewed & increased sponsors‚ future planned gifts and loyal volunteers * Fact: $ Amount of charitable donations are staying the same‚ but donors
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Carthage were also quite different. Carthage was greater in wealth than Rome. This is because Carthagians were a sea faring people‚ who convered vast lands for trade. They had become a significant trading empire throughout the Mediterranean. Another difference between the two was Carthage had a powerful navy‚ but Rome’s army was not just powerful but efficient. Rome was great in hand to hand combat‚ Carthage seemed to better them when it came to battle at sea. As a result‚ Rome had to be come up with
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DOES THE “MANAGEMENT APPROACH” CONTRIBUTE TO SEGMENT REPORTING TRANSPARENCY? Advanced Accounting ACC 610 January 4TH‚ 2010 1. INTRODUCTION: An operating Segment is a component of an entity that may earn revenues or incur expenses‚ whose operating results are regularly reviewed by the chief operating decision maker (COMD) and for which discrete financial information is available. Generally‚ financial information is required to be reported on the basis that it is used internally for evaluating
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Athens vs. Sparta Athens and Sparta in contrast had many similarities and differences such as the view on women‚ politics‚ economy and military structure. Sparta and Athens each had similarities and differences regarding the status and view of women in society. Women in Sparta were judged on their physique and physical and athletic state. Women in Sparta had designated arenas in which they would exercise and compete in athletic tournaments‚ usually secluded from the men who were out training
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By Afra Sajjad Introduction In recent years‚ particularly since the advent of the global financial crisis‚ the debate has grown over whether annual reports have relevance to investors and other users‚ and enable them to make proper decisions on companies’ prospects. To bridge the perceived information gap‚ and to satisfy the information requirements of the standard setters‚ narrative reporting has come to the fore. In its various guises – Business Review‚ Management Commentary‚ Management Discussion
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Lorena Burgess RHE 309S October 28th‚ 2011 Differences and Similarities in the Arguments for Legalizing Marijuana The legalization of marijuana has become a mainstream issue that the nation has become highly concerned about in recent years. Lately more and more conservative opposers have begun to change their minds‚ realizing the benefits of marijuana. Debate followers go as far as saying that it is no longer a question of if marijuana will be legalized‚ but when. The shift in viewpoints
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ruled by several different leaders. They had differences are existed during different times. Both empires had very different forms of governments. In Greece‚ they had 3 different types of government: A monarchy ruled by a king‚ an oligarchy ruled by a small group of elite people‚ and a democracy ruled by everyone which formed much later. In Rome‚ they had two types of government as well‚ a monarchy and a republic. There was a second part of Roman government‚ the assembly. The assembly was elected by
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