organization in order to forecast? Be sure you explain "why" you selected each variable and why it is important to forecasting.. Sales forecasts are common and essential tools used for business planning‚ marketing‚ and general management decision making. A sales forecast is a projection of the expected customer demand for products or services at a specific company‚ for a specific time horizon‚ and with certain underlying assumptions. A separate but related projection is the market forecast‚ which is an attempt
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Cost of Goods Sold and Inventory Posted in 6. Operations by Erin Lawlor on the September 7th‚ 2008 << Financials - Statement of Cash Flows | >>WIP Statement and Percent of Completion | The purpose of an Inventory System in Financial Accounting is to account for resources and to match costs to their related sales as closely as possible. Management Accounting is more concerned with the details of inventory management but for Financial Accounting‚ when inventory is purchased or sold‚ the
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INVENTORY MANAGEMENT Introduction The overseeing and controlling of the ordering‚ storage and use of components that a company will use in the production of the items it will sell as well as the overseeing and controlling of quantities of finished products for sale. A business’s inventory is one of its major assets and represents an investment that is tied up until the item is sold or used in the production of an item that is sold. It also costs money to store‚ track and insure inventory. Inventories
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should record sales revenue in January 2010 of what? Present value of annuity due PVad = [ $80‚000 x f( n=7‚ i=10%)] x (1+.10) PVad = $80‚000 x 4.868 x 1.10 = $428‚384 2.) On January 1‚ 2010‚ Haley co. issued ten-year bonds with a face amount of $2‚000‚000 and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 10%. What was the total price of the bonds? Requires both Present value of a single sum and ordinary annuity PVss = $2‚000‚000 x f(
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Gattaca: A Society Where the Open Future Does Not Exist The open future concept is a notion that has been argued by many ethical philosophers‚ ethicist and professors throughout the last thirty years. There have been endless research and works written and produced reflecting the different arguments for or against the complex topic. A child’s right to an open future was first presented in the 1980’s by legal and political philosopher Joel Feinberg‚ which later allowed Dena Davis‚ a well-recognized
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Caroline Bird’s essay “College is a Waste of Time and Money” explains her beliefs on why‚ for some people‚ going to college is an ineffective and inefficient use of their time. She states that many students do not belong in college because they are there for the wrong reasons and they are not happy learning. She also gives evidence to suggest that going to college and getting a degree does not actually allows a person to make more money in their life time. Her final claim is that college does not prepare
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predatory pricing allegation against BuyGasCo Corporation ("BuyGasCo"). It speaks only to the nature of the cost accounting system that we‚ as students of accounting‚ think to be appropriate for addressing the issues presented by cases of this general type. We offer our views on this subject out of concern about the allocation of indirect costs used in assessing the appropriate gasoline cost value in State of Florida v. BuyGasCo Corporation‚ 2003-05143 (D. FL. 2003). We regard the allocation system employed
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2 rolls per day. The cost of ordering tape is $1 per order and carrying costs are 40 cents per roll a year. Lead-time is three days. What is the EOQ? What ROP will provide a lead-time service level of 96%? What is the difference in expected number of units short per cycle with 96% and 98% lead-time service level? Per year? (Assuming demand is one roll at a time) Problem 2. Consider the following information on an inventory management system: $10 $250 33% of item cost 25‚750 515 per week
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1 An Introduction to Managerial Accounting and Cost Concepts Introduction to Managerial Accounting MSc. Mohammad Hicham Khalil Objectives 1. Comparison of Financial and Managerial 2. 3. 4. 5. 6. 7. 8. Accounting. General Cost Classifications. Product Cost versus Period Cost. Cost Classifications on Financial Statements. Cost Classifications for Predicting Cost Behavior. Cost Classification for Assigning Costs to Cost Objectives. Cost Classification for Decision Making. Review Problems
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College Is a Waste of Time and Money 1. Affluence- Abundance of money‚ property and other material goods Permissive- Habitually or characteristically accepting or tolerant of something‚ as social behavior or linguistic usage‚ which others might disapprove or forbid Elitist- A person having‚ thought to have‚ or professing superior intellect or talent‚ power‚ wealth‚ or membership in the upper echelons of society 2. The time and money put into college are not balanced with the return rate
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