Flourishing private tuition centres‚ necessity or desire? • The size of the private tuition centre industry • The factors for increased demand for private tuition centers • How is growing population of attending schools and colleges and increased expenditure on education is supporting the industry? Tuition centres or cram or preparatory schools have become an integral and ineradicable part of the education system in the world‚ more so for several Asian nations. While tutoring was solely for slow
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WHAT ARE COSTS AND PROFITS? HUNGRY HELEN’S COOKIE FACTORY • Helen‚ the owner of the cookie factory‚ buys flour‚ sugar‚ flavorings‚ and other cookie ingredients. • She also buys the mixers and the ovens and hires workers to run the equipment. • She then sells the resulting cookies to consumers. 2 TOTAL REVENUE‚ TOTAL COST‚ AND PROFIT • The amount that Helen receives for the sale of its output (cookies) is its total revenue. • The amount that the firm pays to buy inputs (flour‚ sugar‚ workers
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Generally‚ the term cost of production refers to the ‘money expenses’ incurred in the production of a commodity. But money expenses are not the only expenses incurred on the production of a commodity. There are number of services and inputs such as entrepreneurship‚ land‚ capital etc.‚ which are offered by an entrepreneur without changing any price or receiving any payment for them. While computing the total cost of production‚ allowance should be made for such expenses. It is therefore essential
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COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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ASSIGNMENT ON COST CONTROL AND COST FREDUCTION SUBMITTED BY‚ MOHAMMED NAFAISE E.K ROLL NO: 1600 COST CONTROLL & COST REDUCTION COST CONTROL The practice of managing and/or reducing business expenses. Cost controls starts by the businesses identifying what their costs are and evaluate whether those costs are reasonable and affordable .Then if necessary
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Tuition Reimbursement Implementation Report Ashley Gatt Glen Providence XCOM/285 July 31‚ 2011 Tuition Reimbursement Implementation Report What can a company do in order to boost the employees’ morale‚ to improve productivities‚ to enhance efficiencies‚ and to retain good employees for a long-term? What can a company do to ensure that the business succeed (goals)? Companies cannot operate their businesses without the employees. For this reason‚ companies need to provide their employees
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of giving and taking tuition has taken up to new dimensions to an all time high. There was a time when those children who were weak were the only ones who took extra tuition so that they could compete with their more brilliant colleagues. This was also not a thing to be proud of that‚ the child is taking tuition because it would clearly imply that the child was weak in studies. The parents and also their wards felt a little ashamed that they had to resort to extra tuition. This indicated that
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Choose the best answer for the question from among the choices provided. 1. Cost accounting differs from financial accounting in that cost accounting is: a) Primarily concerned with income determination b) Relied on for analyzing and implementing internal decisions c) Focused only on qualitative information d) Primarily concerned with external reporting e) None of the above 2. The following costs relate to
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Students Drop School Dropping out of school is an issue faced by many teens today. I feel that there are many reasons why students want to and do dropout of school. Due to my research students use dropping out of school as a way to escape from their problems. Further in this paper I will provide you with the information telling you what I recollect the problems are. One of the greatest problems students have in countries such as the US is dropping out of school. I feel that the most
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Summer2011-Microeconomics-Exam Two Practice 1. To calculate the total utility of consuming N products: A. add the additional satisfaction of consuming each product up to N and multiply by its price. B. add the total satisfactions of consuming each product up to N. C. multiply the additional satisfaction from consuming the Nth product by its price. D. multiply total satisfaction from consuming N products by N. 2. Suppose that the following table lists the utility that Steve receives from
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