Accounting for Managers TOPIC A: AN INTRODUCTION TO ACCOUNTING Investors – Individual and groups provide initial capital. Creditors – Company which loans money to another company (Suppliers/Bank). Managers – Oversee the day-to-day operations. What is accounting? * Process of Recognising‚ measuring‚ recording (also known as transactions)‚ disclosing and attesting to information. *Information – Decision Making (Value Creation)‚ Control (Monitoring). Process of Accounting: Transactions
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Clinical Research Ethics Between 1932 and 1972‚ a clinical trial sponsored by the U.S. Department of Health‚ welcomed 400 African Americans to join a trial. The perception of trial was very different from the participants and the researchers (sponsors). Participants thought they were getting treatment for “bad blood”‚ which means a minor illness. In exchange for participation‚ the participants received free medical exams‚ meals and burial insurance. Participants were not informed it was an experiment
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908 / 241‚881 = 10.61 = 365 / 10.61 = 34.4 days iv. Net sales to total assets = 3‚897‚564 / 2‚015‚677 = 1.9336 d. Profitability Ratios i. Net profit on sales = 165‚234 / 2‚015‚677 = 4.24% ii. Net profit on assets = 165‚234 / 3‚897‚564 = 8.20% iii. Net profit on equity = 165‚234 / 776‚036 = 21.29% 2. James Confectioners’ major problem lies with their operating ratios and profitability ratios. As you can see from the given chart of
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had the objective to find hidden profits and losses contained in their current accounting system. The old system did not fully disclose how their costs were applied to the sales accounts. The goals are very sensible as they will allow them to move forward with the proper information. 2. Why did Ridderstråle feel that the previous cost system was inadequate for the new strategy? The new strategy/system was needed “to promote high-margin products to high-profit customers.” The old system didn’t
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Truth Discovery with Multiple Conflicting Information Providers on the Web. Abstract: The world-wide web has become the most important information source for most of us. Unfortunately‚ there is no guarantee for the correctness of information on the web. Moreover‚ different web sites often provide conflicting in-formation on a subject‚ such as different specifications for the same product. In this paper we propose a new problem called Veracity that is conformity to truth‚ which studies how
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Principles of management APPLIED RESEARCH Pleasant Valley Police Department Thomas Donnelly Karl Hartenstine Park University Internet Campus A course paper presented to the School for Arts and Sciences and Distance Learning in partial fulfillment of the requirements for the degree of Baccalaureate Principles of Management Park University November‚ 2011 TABLE OF CONTENTS
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Conflicting Goals in Economic Growth Goals of monetary policy are to "promote maximum employment‚ inflation (stabilizing prices)‚ and economic growth." If economists believe it’s possible to achieve all the goals at once‚ the goals are inconsistent. There are limitations to monetary policy. The term "maximum employment" means that we should try to hold the unemployment rate as low as possible without pushing it below what economists call the natural rate or the full- employment
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Running head: CHRISTIAN LEADERSHIP PRINCIPLES Christian Leadership Principles Ginger Gonzalez and Gilbert Tamez‚ Jr. LeTourneau University In partial fulfillment of the requirements for New Testament Principles (BIBL1073) 11/27/2007 ABSTRACt THIS IS THE ABSTRACT‚ WHICH IS TYPED IN BLOCK FORMAT WITH NO INDENTATION. IT IS A BRIEF SUMMATION OF YOUR PAPER AND SHOULD BE 120 WORDS OR LESS. IT SHOULD BE ACCURATE AND CONCISE. YOUR ABSTRACT SHOULD ALSO BE WRITTEN IN A SELF-CONTAINED WAY SO PEOPLE
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profit maximization Definition A process that companies undergo to determine the best output and price levels in order to maximize its return. The company will usually adjust influential factors such as production costs‚ sale prices‚ and output levels as a way of reaching its profit goal. There are two main profit maximization methods used‚ and they are Marginal Cost-Marginal Revenue Method and Total Cost-Total Revenue Method. Profit maximization is a good thing for a company‚ but can be a bad thing
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PRINCIPLE OF MANAGEMENT Management defined Perceptive of Managers: There are many definitions of management but most perceptive managers are convinced that it is an organized effort of people whose purpose is to achieve the objectives and goals of an organization. Of course‚ it is not that simple. To gain a better understanding of management‚ let’s review the ideas and views expressed by academicians and practitioners. Management as a “Process”: McFarland defines management as “A process by which
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