CHAPTER 1 ACCOUNTING IN ACTION ACCT100 Spring 2013 Teresa Chu Chapter 1-1 What is Accounting? (1) Identify (2) record & (3) communicate economic events of an organization to interested users Record: provide systematic‚ chronological diary of economic events Identify: select business-related economic events Communicate: analyze (use of ratios‚ %‚ graphs & charts) and interpret (explain uses‚ meaning and limitations) financial statements to users Chapter 1-2 Internal users Individuals
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MARGINAL AND ABSORPTION COSTING Marginal costing is a technique in which production units are valued at marginal cost of production and fixed costs are written off as period costs. It follows that‚ stocks are valued using only the variable cost of production whereas fixed costs are treated as relating to the period and must be taken off in total. Management accounting is based on marginal costing. TERMINOLOGY USED. Gross contribution: Is the difference between sales value and variable costs
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$300 $250 $200 $150 $100 $50 $0 0 1 2 3 4 Consumer Surplus Consumer surplus is the amount a buyer is willing to pay minus the amount the buyer actually g p y y y pays: CS = WTP – P Suppose P = $260. Flea’s CS = $300 – 260 = $40. The others get no CS because they do not buy an iPod at this price. Total CS = $40. Consumer Surplus Flea’s WTP $ $350 $300 P = $260 Flea’s CS = $300 – 260 = $40 $250 $200 Total CS = $40 $150 $100 $50 $0 0
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character and narrator‚ begins his journey trapped in a youthful ignorance formed by the dominant culture regarding women. As the story progresses‚ Sammy faces a difficult decision: embraces misogyny or feminism. Throughout the passage on pages 150-151‚ Sammy constantly shifts between viewing women as objects and as human beings in his internal battle between staying a close-minded misogynist or becoming a budding feminist. In hindsight‚
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you must know the past. What has taken us to where we are today and what changes we have adapted to along the way? The world has changed a lot in the last 150 years‚ but we humans are driven by the same basic needs‚ as we were 150 years ago‚ food‚ sleep‚ companionship‚ the feeling of being appreciated and loved. Will this change in the next 150 years? No. If you take away all the gadgets that people in some parts of the world are using for entertainment‚ the inventions that have affected us as people
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Jet | 6.54(1585+0.7*150*25.7)60=$467.29 | 12‚5(1585+0.7*150*25.7)60=$893.95 | 60.5(1585+0.7*150*25.7)60=$4319.5 | Regional Jet | 6.54(632+0.7*50*25.7)60=$167.07 | 12.5(632+0.7*50*25.7)60=$319.62 | 60.5(632+0.7*50*25.7)60=$1544.37 | b. Delay costs according to FAA There are only delay costs associated with an arrival rate of 59‚ delay time: 60.5-15= 45.5 Arrival rate | 50 | 55 | 59 | Turbo | 0 | 0 | 45.5(348+0.7*15*25.7)60=$466.30 | Jet | 0 | 0 | 45.5(1585+0.7*150*25.7)60=$3248.62 |
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Buy Full 23 chapters Horngren Cost Accounting 14e Solution Manual + Test Bank at https://sellfy.com/p/vB9y Cost Accounting‚ 14e (Horngren/Datar/Rajan) Chapter 12 Pricing Decisions and Cost Management Objective 12.1 1) Companies should only produce and sell units as long as: A) there is customer demand for the product B) the competition allows it C) the revenue from an additional unit exceeds the cost of producing it D) there is a generous supply of low-cost direct materials
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SCHOOL OF BIOLOGICAL SCIENCES BS1005 BIOCHEMISTRY 1 Name: Kingston Tan Lee Kang Matriculation Number: U1440619E Tutorial Group: 8 LAB REPORT Practical 2- Macromolecule Structure Study School of Biological Science‚ NTU BS1005 Practical: Macromolecule Structure Study Results & Discussion of Problems Peptide I – PDB I (β – Sheet) Figure 1. ‘Cartoon view’ of Peptide I showing its secondary structure Figure 1 illustrates the secondary structure of PDB file 1 which shows a β – Sheet. 3 hydrogen bond
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“Investigate the factors affecting the rate of yeast respiration” Lab Report Introduction The aim of this experiment was to investigate the effect of different amounts of a substrate on the respiration rate of yeast and to compare this to the effect of different amounts of glucose on the rate of yeast respiration. The substrate which I chose to further investigate was fructose. Fructose is a fruit sugar which is one of the three‚ along with glucose and galactose‚ dietary monosaccharides that
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on equity from above and the return on debt. (100/150)*0.15 + (50/150)*0.06 = 12% c) Asset beta using the equity beta and debt beta. (100/150)*1.2 + (50/150)*0.3 = 0.9 Suppose the firm discussed above decides to alter its capital structure by repurchasing $20m in equity. It repurchases the $20m in equity by raising $20m in debt. Assume that the debt beta increases to 0.5 d) What is the market value of the firm? 150: The value of the company will not change e) What is
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