Quiz 2 1) Cost-volume-profit analysis is used primarily by management: A) as a planning tool B) for control purposes C) to prepare external financial statements D) to attain accurate financial results Answer: A Diff: 1 Terms: cost-volume-profit (CVP) Objective: 1 AACSB: Communication 2) One of the first steps to take when using CVP analysis to help make decisions is: A) finding out where the total costs line intersects with the total revenues line on a graph. B) identifying which costs are variable
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Lesson-13 Elements of Cost and Cost Sheet Learning Objectives • • • To understand the elements of cost To classify overheads on different bases To prepare a cost sheet Elements of Cost Raw materials are converted into finished products by a manufacturing concern with the help of labor‚ plants etc. The elements that constitute the cost of manufacturing are known as elements of cost. The elements of cost include the following: • • • Material Labor Expenses Each of these elements is again subdivided
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include the following: Sources of data‚ area of coverage‚ sample plan‚ sample unit‚ sample frame‚ sample size and sample procedures and question aimed designed. Those procedures were also evidence in the work of Anyanwu (2000). It will also show how data are gathered and analyzed. 3.1 AREA OF COVERAGE This research would have covered the three modes of transport (road‚ air and sea) but because of inaccessibility to the existing sea-port in Lagos and Port-Harcourt‚ the researcher only covered
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Cost of Living and Minimum Budget For A Family of Four by Silicon Valley Blogger on 2007-10-3052 This is part of our series on “scary money tips and stories”. In some high cost of living areas‚ it now takes at least almost $80‚000 to live. I’ve often expressed how life changes once you have a family to raise‚ beyond the time and effort it takes to care for kids and run the household. Financially‚ it can become somewhat more challenging as well: since the typical case is that your budget rises
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THE COST AND SALES CONCEPT Cost is defined as a reduction in the value of an asset for the purpose of securing benefit or gain. Cost is defined in a hotel and restaurant as the expense to a hotel or restaurant for goods or services when the goods are consumed or the services are rendered. KINDS OF COSTS 1. Fixed costs – are those that are normally unaffected by changes in sales volume. They are said to have little direct relationship to the business volume because they do not change
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demand under circumstances where the two firms are identical with respect to size and costs of production. To understand this behaviour of the collusive duopolies‚ a mathematical tool called ‘Game Theory’ is used. The classic example for the duopoly analysis here is the ‘Prisoner ’s-dilemma game’ (shown in Appendix‚ 1.2). Within this game structure‚ a payoff matrix has been plotted‚ which shows the outcomes (each carrier’s profits) for all four combinations of collusion. By understanding the various
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Surell‚ Harold Kenneth C. J2-A3 Education I chose this topic because now a day most of the children don’t prioritize their studies they don’t know how important the study is. And most of the children don’t go to school because of financial problem so that they don’t feel the excitement of being a student. Education in its general sense is a form of learning in which the knowledge‚ skills‚ and habits of a group of people are transferred from one generation to the next through teaching‚ training
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and price-fixing among manufacturers of heavy electrical equipment in the 1960s‚ including General Electric. * An attempt by Major League Baseball owners to restrict players’ salaries in the mid-1980s. * The sharing of potential contract terms by NBA free agents in an effort to help a targeted franchise circumvent the salary cap ------------------------------------------------- Explicit Collusion: Also termed overt collusion‚ this occurs when two or more firms in the same industry formally
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Forecasting Methods What is forecasting ? Why is forecasting important ? How can we evaluate a future demand ? How do we make mistakes ? Prod 2100-2110 Forecasting Methods 0 Contents 1. FRAMEWORK OF PLANNING DECISIONS ............................................................................... 2 2. FORECASTING................................................................................................................................. 3 2.1 CHARACTERISTICS ..............
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CHAPTER 11: THE COST OF CAPITAL LEARNING GOALS: 1. Understand the key assumptions‚ the basic concept and the specific sources of capital associated with the cost of capital. 2. Determine the cost of long-term debt and the cost of preferred stock. 3. Calculate the cost of common stock equity and convert it into the cost of retained earnings and the cost of new issues of common stock. 4. Calculate the weighted average cost of capital (WACC) and discuss alternative weighing schemes
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