Specialty Glass‚ Inc.: Cost Accounting and Hazardous Wastes A Business Case presented to Ms. Nancy Chua Accountancy Department In partial fulfilment of the course requirements In MODCOS1 Imperial‚ Glenn Paolo S. Reyes‚ Joselle Marie R. K31 July 8‚ 2011 Producing about 30 percent of the world’s colored sheet glass‚ it is evident that Specialty Glass Inc. has a competitive advantage over other manufacturers of sheet glass. First‚ their capital investment provides an advantage
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sales is $72‚000. Calculate 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
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21. Generally accepted accounting principles c. derive their credibility and authority from general recognition and acceptance by the accounting profession. 22. A soundly developed conceptual framework of concepts and objectives should d. all of these. 23. Which of the following (a-c) are not true concerning a conceptual framework in account-ing? c. It should be based on fundamental truths that are derived from the laws of nature. S24. Which of the following is not a benefit associated
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SPIRITUALITY – Its Relevance to Management Way back in 1960‚ when late M.F. Kennedy‚ President of United States of America‚ stated that by the end of the decade the man will set his foot on Moon‚ nobody believed him including the Scientists and the Astrologers. They thought it was incredulous and unattainable. Nevertheless‚ it became true because there was political will and outer space conquered. What we need today is to conquer inner space – the hearts and minds of people engaged in business
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Discuss the relationship between persuasion and attitude change. The procedure of changing attitudes to then furthermore change behaviour has led psychologists to develop research into the topic of how persuasion takes place. The Hovland-Yale model was initially developed to persuade the American public for more support in the last stages of WW2. It was learnt that in order to persuade effectively‚ the need was to focus on who and what. Principally the content‚ the audience and the communicator
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With it’s aggressive cynicism‚ J.D. Salinger’s The Catcher in the Rye broke stereotypes of what tones writers could exhibit through narration. The Catcher in the Rye is the story of young Holden Caulfield angst-ridden struggle with growing up and dealing with “phonies”. Holden is the protagonist and narrator of this story‚ Holden’s narration proves to be unreliable through his compulsive lying‚ inconsistent memory‚ and his cynical perception of reality. To begin‚ Holden exhibits his unreliableness
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RELEVANCE OF MAO’S THEORIES IN CONTEMPORARY ARMED STRUGGLES There is no doubt that Mao’s works have been‚ are and will be a subject of study for the revolutionaries‚ counter revolutionaries‚ military thinkers as well as historians throughout the world. With the tangible defeat of strong Japanese invaders and relatively strong Kuomintang‚ the world simply could not ignore the fact that Mao’s theories on armed struggle and their practical implications were undoubtedly of par excellence. Particularly
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Throughout history‚ the impact of the Darwinian Theory has reimbursed the existence of all religions in major societies and has inevitably enforced relevance into the modern world. Religion is a set of beliefs imposed by the elders of society to implement the moral values necessary to preserve the society‚ which exploits a belief in the supernatural to administer “the rules.” In the modern day world‚ societies with religion are more likely to survive than those without religion because of the community
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Reliability and Trust in Mobile Ad-hoc NETworks (MANET) are considerable due to their applicability in different situations such as military‚ emergency applications or health care applications. Indeed‚ due to absence of a fixed infrastructure and a central controller‚ providing trust and reliability still is challenge in these networks. Since energy is limited and distributed in MANETs‚ trust and reliability providing (is different from wired systems and it must be reasonable and compatible with
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TYPES OF COSTS Introduction :-Production is the result of services rendered by various factors of production.The producer or firm has to make payments for this factor services. From the point of view of the factor inputs it is called ‘factor income’ while for the firm it is ‘factor payment’‚ or cost of inputs.Generally‚ the term cost of production refers to the ‘money expenses’ incurredin the production of a commodity. But money expenses are not the only expensesincurred on the production
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