INTRODUCTION Cost accounting is an important tool in the management of any business firm or organization‚ which includes those in the small scaled industry. In the cause of our research instrument indicated the maintenance of improper and inadequate records coupled with the fact that cost methods used‚ through sometimes effective‚ were unconventional. For a small scale business to approach profit maximization level‚ it must be effective in cost control procedures and appropriate books of accounts
Premium Business Cost accounting Decision making
Free Higher Education We pay a price for everything we get or take in this world. Although ambitions are well worth having‚ they are not to be cheaply won. Every day is an opportunity to make your life the way you want it to be. Anything is possible when you work towards it one day at a time. Skip a day and you lose momentum. Try to do it all at once and you will burn out. Work steadily and consistently to make every day count and you will reach your goals. Soon‚ with consistent effort‚ those
Premium Higher education
Chapter 1 Basic Cost Concepts Learning Objectives • To understand the meaning of different costing terms to understand different costing methods • To have a basic idea of different costing techniques • To understand the meaning of cost sheet In order to determine and take a dispassionate view about what lies beneath the surface of accounting figures‚ a financial analyst has to make use of different management accounting techniques. Cost techniques have a precedence over the other
Premium Costs Cost accounting Management accounting
Case Study: TGIF Quantum Software does indeed have a problem involving a disagreement in the appropriateness of a company sponsored social activity. This weekly gathering is offered by Quantum’s management as a reward for their productiveness displayed throughout the week. While the get-together appears to be very popular among employees and managers alike‚ there is at least one party (Bill‚ the corporate attorney) who voices objection to the weekly festivity (Brown & Harvey‚ 1995). The problems
Premium Alcohol Alcoholic beverage Alcoholism
Distillation Alcoholic distillation is basically the process of separation the more volatile component‚ alcohol‚ from the less volatile component‚ water‚ from a water/alcohol solution‚ by heating the solution and condensing and collecting the alcohol rich vapours released‚ as a high alcohol strength liquid (spirit). The starting material for most distillations‚ such as wine for brandy and beer for whisky‚ are usually weak alcoholic solutions (5%-7% v/v ethanol) This seems counter intuitive
Premium Distillation Ethanol
I had previously been looking into the effects of free radicals on the body‚ and the types of supplements that would work to inactivate these dangerous toxins. Webster’s Dictionary defines a free radical as‚ “An atom or group of atoms that has at least one unpaired electron‚ and is therefore unstable and highly reactive. In animal tissues‚ free radicals can damage cells and are believed to accelerate the progression of cancer‚ cardiovascular disease‚ and age-related diseases” (Merriam-Webster‚ 2010)
Premium Senescence Antioxidant Vitamin C
Part A (Question 1) Free-Market Perspective What is “free-market” perspective on accounting regulation? Deegan (2010‚ p.38) states: Accounting information should be treated like other goods‚ with demand and supply forces being allowed to operate to generate an optimal supply of information about an entity. In the absence of regulation‚ managers still provide financial information for the interest of the organisation. Market mechanism would ensure the information published to be prudent. Managers
Premium Financial statements Financial market
COST CLASSIFICATION CONCEPT OF COST: DEFINITION: A SACRIFICE OR GIVING UP OF RESOURCES FOR A PARTICULAR PURPOSE FREQUENTLY MEASURED BY THE MONETARY UNITS (RUPEES‚ DOLLARS) THAT MUST BE PAID FOR GOODS AND SERVICES . ➢ EMPHASIS ON COST INFORMATION: MANAGEMENT ACCOUNTANTS PAY A LOT OF ATTENTION TO COSTS BECAUSE COST HAVE A VITAL ROLE TO PLAY IN PLANNING ‚ EVALUATING AND DECISION MAKING. FOR EXAMPLE IN PLANNING THE ROUTE AND FLIGHT SCHEDULES THE MANAGER OF AN AIR LINE MUST CONSIDER
Premium Costs Management accounting Variable cost
WEIGHTED AVERAGE COST OF CAPITAL FOR DELL COMPUTER 1) From the SEC website‚ the balance sheet of Dell Computer reveals a Book value of debt = $3‚394‚000‚000 and Book value of equity = $4‚625‚000‚000 The same balance shows the breakdown of the long-term debt (book values) in table 1. Table 1 Coupon Rate (%) Maturity Book Value (Face Value in million $) 3.38 06/15/2012 400 4.70 04/15/2013 599 5.63 04/15/2014 500 5.65 04/15/2018 499 5.88 06/15/2019 600 7.10 04/15/2028 396 6
Premium Weighted average cost of capital Market capitalization Stock market
Skittles. Is this free will? What if she had wanted to buy marijuana‚ but that was not there because it is illegal? Is that still free will? Or is someone or something controlling the choices she makes? Or how about this case. Joe gets arrested for stealing. He goes to jail without having the option to say no. Is this free will? Well‚ it was free will when Joe was stealing. Joe chose to steal‚ therefore he received the punishment‚ which was made clear in laws for that county. Yes‚ that is free will. But
Premium Cannabis Legality of cannabis by country Hemp