1) When will profits reported under variable and absorption costing differ? How can we reconcile the profits reported under the two approaches? Profits reported under variable and absorption costing will differ when inventory increases or decreases during the year. The difference involves the timing with which fixed manufacturing overhead becomes an expense. Under variable costing‚ fixed overhead is expensed immediately as it is incurred. Under absorption costing‚ fixed overhead is inventoried
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CHILD LABOUR “The rising sun of a nation when works in dark furnaces‚ it blinds future of the nation.” The problem of child labour came in consideration in mid-19th century when first factory was established. It is an unfortunate manifestation of economic compulsion as well as socio cultural perceptions. Child labour is a complex problem which is deeply rooted on ground of poverty. India doesn’t have appreciable position in terms of child labour and according to the surveys; India has the largest
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<center><b>Our Efforts and Experiences Part - I</b></center> <br> <br>"In all the civilized societies all over the world system of child labour is condemned as a social evil but the fact is the system is prevelent on a large scale in a country like India. It is noticed that‚ in recent times our society is showing some signs of awareness about this social evil. This is the first part of the article giving details about the efforts undertaken in and around Ahmedpur for eradication of this system
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CHAPTER 6 PRODUCTION EXERCISES 4. A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters in a reelection campaign. Describe the production function for campaign votes. How might information about this function (such as the shape of the isoquants) help the campaign manager to plan strategy? The output of concern to the campaign manager is the number of votes. The production function has two inputs‚ television advertising and
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Child Labour ! Intro Hello‚ my name is Suriya Ragu. I am going to tell you about an important issue‚ that is not noticed by a lot people. It is about child labour. When a child’s job is hazardous to child’s physical‚ moral‚ mental‚ or social development it’s know as child labour. Also‚ when the child’s work stops the child from attending school is also know as child labour. I firmly believe child labour is a serious issue around the world and it needs to end. Child labour may not change a bit
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Finance Association Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk Author(s): William F. Sharpe Source: The Journal of Finance‚ Vol. 19‚ No. 3 (Sep.‚ 1964)‚ pp. 425-442 Published by: Blackwell Publishing for the American Finance Association Stable URL: http://www.jstor.org/stable/2977928 . Accessed: 23/08/2011 00:15 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms
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Industrial Revolution none of these laws existed and so working in a factory could prove to be very dangerous indeed. This section looks at some of the conditions faced by workers and offers a brief explanation of what was done to improve these conditions. Industries such as the cotton trade were particularly hard for workers to endure long hours of labour. The nature of the work being done meant that the workplace had to be very hot‚ steam engines contributing further to the heat in this and other industries
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Chapter 16: Labour Relations Labour union: an officially recognized association of employees practicing a similar trade or employed in the same company or industry who have joined together to present a united front and collective voice in dealing with management. -the purpose of unionization are to influence HR policies and practices that affect bargaining unit members such as pay and benefits. Labour- management relations: the ongoing interactions between labour unions and management in organizations
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3 Cost-Volume-Profit Analysis Learning Objectives 1. Explain the features of cost-volumeprofit (CVP) analysis 2. Determine the breakeven point and output level needed to achieve a target operating income 3. Understand how income taxes affect CVP analysis 4. Explain how managers use CVP analysis in decision making 5. Explain how sensitivity analysis helps managers cope with uncertainty 6. Use CVP analysis to plan variable and fixed costs 7. Apply CVP analysis to a company producing multiple
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Types of Variables Binary variable Obsevations (i.e.‚ dependent variables) that occur in one of two possible states‚ often labelled zero and one. E.g.‚ “improved/not improved” and “completed task/failed to complete task.” Usually an independent or predictor variable that contains values indicating membership in one of several possible categories. E.g.‚ gender (male or female)‚ marital status (married‚ single‚ divorced‚ widowed). The categories are often assigned numerical values used as lables
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