1. Based on the opening paragraph of the article “What is Justice?” the main difference between philosophical and legal laws is their origin. Legal laws are created and changed to reflect the needs of society which are ever changing. They are put in place by a governing body to ensure the security of all the members of the state and the wellbeing of the state. On the other hand‚ philosophical laws differ in the sense that they focus less on the wellbeing of a society in terms of its politics and
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Historical cost basis. Book value method. x Income statement approach. 4. (TCO G) The conclusions presented in FASB No. 157 support which FASB Conceptual Framework? (Points : 2) FASB Conceptual Framework No. 2 FASB Conceptual Framework No. 6 FASB Conceptual Framework No
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2.3 Explain the main differences between communicating with adults and communicating with children and young people. When we communicate with people be it children young people or adults we adapt our communication to the appropriate language. We will do this automatically if we are in a meeting with other professionals‚ we will act and speak in a formal and professional manner‚ whilst speaking to a infant we will be more animated and speak in a higher voice which we know will keep the babies
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Problem 12- 6 Statement of — Direct Method The income statement for Astro Inc. for 2010 is as follows: For the Year Ended December 31‚ 2010 Sales revenue $ 500‚000 Cost of goods sold 400‚000 Gross profit $ 100‚000 Operating expenses 180‚000 Loss before interest and taxes $ ( 80‚000) Interest expense 20‚000 Net loss $( 100‚000) Presented here are comparative balance sheets: December 31 2010 2009 Cash $ 95‚000 $ 80
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Balance Sheet and Income Statement Jennifer Grayson BSA/500 June 4‚ 2011 Brian Keltch Balance Sheet and Income Statement The following four companies are related to the companies that have been in review over the last four weeks. These four following companies show how well the company has been doing over the last two years or not so well. The company has pulled their balance sheets and income statement to see if all the company’s financial needs are being met. If the company’s needs are
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2. What is the difference between a’smart’ and a’smart’? Introduction Communication is the cornerstone of all relationships and it is required for learning‚ play and social engagement. It refers to all of the various ways a child understands and communicates‚ only a portion of which are spoken words. Speaking is a sign of fine motor skill development and a reflection of cognitive growth; therefore communication and language development are vital. By listening‚ talking‚ and inquiring‚ children may
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Absorption Costing Absorption costing is a method of costing that assigns a small percentage of production and overheads costs to the price of each product that is going to be sold. It accounts for all costs‚ direct and indirect‚ fixed and variable. For example; if 1000 products are made and the total costs are £10000 then each product would cost £10 before making a profit (10000/1000=10). Variable costs are costs that can be controlled by management or a sales worker. Whereas fixed costs are
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2.2 Explain the difference between leadership and management. The biggest difference between manager and the leaders is the way they motivate people who work for them or follow them. Management jobs we can realize that we cannot buy hearts‚ especially to follow them down a difficult path and act as leaders too. The differences of the management and leadership which is management people will be more work focus but people who have leadership skill which will people focus. Work focus which related to
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information was taken from the 2006 financial statements of pharmaceutical giant Merck and Co. All dollar amounts are in millions. Retained earnings‚ January 1‚ 2006 $37‚980.0 Materials and production expense 6‚001.1 Marketing and administrative expense 8‚165.4 Dividends 3‚318.7 Sales revenue 22‚636.0 Research and development expense 4‚782.9 Tax expense 1‚787.6 Other revenue 2‚677.1 Hint: Prepare income statement and retained earnings statement. (SO 4) Instructions (a)
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