AC Ransom Labor Union v. NLRC (1986) Doctrines: •Since a corporate employer is an artificial person‚ it must have an officer who can be presumed to be theemployer‚ being the “person acting in the interest of the employer.” Facts :On June 6‚ 1961‚ employees of AC Ransom‚ most being members of the AC Ransom Labor Union‚ went on strike. The said strike was lifted on June 21 with most of the strikers being allowed to resume their work. However‚twenty two strikers were refused reinstatement.During
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Indirect rule was a system of ruling Africans that sought not to displace African authority‚ but instead to rule through it. It was first used by the British and later adopted by other European powers after they witnessed its success. Indirect rule is largely considered a more humane alternative to its counterpart‚ direct rule‚ which placed colonial powers in charge of all aspects of African administration. Despite this‚ there were numerous problems with indirect rule in both theory and in practice
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online journals of Historical Cost and Fair Value: 1. Summary of HISTORIC COST VERSUS FAIR VALUE In accounting historical cost is the original or nominal amount of money paid for asset rather than inflation adjusted price. In other words it is the resource given up or a liability incurred to acquire an asset. The historical cost principle states that the asset should be reported at it cost (cash or cash equivalent amount) at the time of exchange and should include all cost necessary to get the asset
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accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
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have done above is a “full-cost” analysis. This is in contrast to a “direct-cost” analysis that ignores overhead costs. Is full cost the right metric for job profitability and customer profitability? What assumptions are we making about the variability of overhead costs when we do a “full-cost” analysis? By allocating the overhead costs to jobs and customers there is an implicit assumption that these are variable with the cost driver. In reality‚ some of the overhead costs are fixed‚ at least in the
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THE DIRECT METHOD Nowadays there are many options to learn a language; some schools have the best methods for reaching that goal but only some of them truly apply them. The possibility to learn a language involves some factors that are pointed directly to teachers. For this reason‚ different methods have been appearing through time. As it is mentioned in previous essays‚ the methods have changed for different reasons; one of them is because of the need to improve the complete skills of the student
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-This video displayed how direct instruction is used in learning tasks like reading‚ pronunciation‚ and spelling. When the teacher asked the students to perform a task they could only participate when the teacher tapped on the desk. Students are only allowed to express what they know only when they are instructed to. When the students performed the task correctly‚ they were rewarded a point on the board. When they performed out of direct instruction‚ they earned a negative point. The teachers felt
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CHAPTER 6 COST BEHAVIOR TYPES OF COST BEHAVIOR PATTERNS 1. Variable Cost 2. Fixed Cost 3. Mixed / Semi-variable Cost Cost Structure – the relative proportion of fixed‚ variable‚ and mixed costs found within an organization or firm. 1. Variable Cost - its total dollar amount varies in direct proportion to changes in the activity level. Example: Number of Trucks Radiator Cost per Total Radiator
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conflicts can serve as outlets for cooperation between the two. They must work to understand the conflict within the relationship before being able to correctly comprehend employee relations. II. Key Elements A. Management Efficiency – Cost Discipline The starting point for industrial
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If you are starting out in a new business‚ especially a service/manufacturing business‚ understanding the cost accounting system and which cost accounting system will work best for your company‚ is the first step to being successful. Once you find someone to help you navigate those waters‚ let them help you sail the rough seas of direct and indirect inventory‚ direct and indirect labor costs‚ and how to allocate factory overhead as well. While it all may sound confusing‚ having the right person
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