determine whether a case can be made for excess storm-related sales during the same period. If such a case can be made‚ Carlson is entitled to compensation for excess sales it would have earned in addition to ordinary sales. Managerial Report Prepare a report for the managers of the Carlson Department Store that summarizes your findings‚ forecasts‚ and recommendations. Include the following: 1. An estimate of sales had there been no hurricane. 2. An estimate of countywide department store sales
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enforcement. Stricter enforcement reduces supply‚ raises prices and revenues for sellers‚ and provides more incentives for sellers to remain in business. Crime may also increase as buyers have to find more money to buy their drugs. 5) The concept of elasticity of demand is made practical use of by the Finance Minister and the monopolist. When the Government imposes a tax on a commodity‚ its price will tend to rise. But if the demand is very elastic‚ it will considerably fall when the price
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Discuss the extent to which economic growth may benefit the economy. (18) Economics growth is‚ it the short run an increase in real GDP and in the long run an increase in the productive capacity of an economy (the maximum output that the economy can produce). GDP stands for Gross Domestic Product which is the country’s production of goods and services valued at market price in a given time period. Real GDP is when these figures are corrected for inflation using a base year (The UK uses 2003 as
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Section A (Part-1) Q1. It is a concept where goods are produced without taking into consideration the choices or tastes of customers. Answer. . Q2. It involves individuals who buys products or services for personal use and not for manufacture or resale. Answer. . Q3. It is groups of people who interact formally or informally influencing each other’s attitudes & behavior. Answer. . Q4. The concept of product that passes through various changes in total life is known as: Answer
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Is It Better to Be Different or to Fit In? In life‚ there are many ways when it is better to be different and there are many ways when it is better to fit in. There are times when it is good to be both. There are many times when they could be used well. Some times‚ it is better to be unusual. In academics‚ it is better to be diverse when somebody wants to be complimented and considered smart by using a new way to do a problem. In business‚ it is better for him to seem creative by not thinking
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Deal terms Classification Benefit Cost Inspection right Postive sum 1. Benefit for both parties. 2. Giving information to the venture capitalists to protect their interest in the venture. 3. Allow the venture to run with supervision‚ it will enhance the efficiency and quality. 1. Little cost for both parties. 2. Time and very little money spent on the inspection process for both parties. Seats on the board Zero sum Increase one party’s seat is the lost one for another party. VC approval
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Ltd. (B) ToyWorks Ltd. is a company that manufactures and sells a single product‚ which they call a Toodle. For planning and control purposes they utilize a monthly master budget‚ which is usually developed at least six months in advance of the budget year. Their fiscal year end is June 30. During the summer of 2007‚ Chris Leigh‚ the ToyWorks controller‚ spent considerable time with Pat Frazer‚ the Manager of Marketing‚ putting together a sales forecast for the next budget year (July 2008 to
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Lewis‚ Anthony Dr. Sherry Forkum English 1A‚ Midterm 13 March 2013 The Misfit and the “Miss-Fit” Flannery O’Connor is an author who has written a score of short stories; however the author is remembered for one story in particular. The story revolved around a family that had problems just like any other normal family. This family’s problem was respecting each other and communication. The Family is taking a vacation to Florida when a longing for a stroll down memory lane hits the grandmother
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(a)Explain the role of tribunals. (b)Evaluate the extent to which tribunals have been reformed. Tribunals are an essential part of the British Legal System and are see as part of the popular Alternative Dispute Resolution (ADR). Their main purpose was to give the public a means of settling disputes regarding their scial rights and various other areas such as employment law. For example if a person felt they were incorrectly dismissed from their employment‚ they would use a tribunal as means
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Welcome to Managerial Accounting. In this module‚ we will provide a general overview of activity based costing‚ specifically: What is activity based costing? Welcome to Managerial Accounting Instructor: O Martin Email Instructor __________________________ ACTIVITY BASED COSTING SYSTEM Two stage process Activity pools Activity categories With & Without ABC example What is Activity based costing (ABC)? Activity based costing (ABC) assigns manufacturing overhead costs to products in a more logical
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