source same End result ! ends with financial statements ! integral part of other business aspects B. Cost Accounting Terminology 1. Nature of Cost Cost - A sacrifice of resources: Cost is a measurement in monetary terms of the amount of resources used for some purpose. Expense - The cost charged against revenue in a particular accounting period. 2. Purposes of Gathering Cost Information Routine decision making:
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| | | |Assignment : Managing Cost and making financial interpretations for decision | |
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Cost of debt When individuals use the cost of debt‚ they should know the measurement of the interest rate‚ or the yield paid to the bondholders. When analyzing the cost of debt‚ people should know that it ’s an effective rate that businesses are willing to pay on the current debt that they have accrued. The cost of debt is a measurement of the before or after tax returns. Considering the case that individuals can deduct the interest‚ makes the tax after cost more popular than the before tax. A business
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Labor Cost Cutting Strategy In a sluggish economy‚ it is more important than ever for businesses to cut costs. Knowing how to reduce the cost of paying employees without reducing product quality‚ dropping employee morale or otherwise sacrificing the way you do business can be the difference between being in the red or the black at the end of the year. Stop the Overtime * Don’t pay overtime unless it is absolutely necessary. Remember that you must pay non-exempt employees 1 1/2 times their
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Dahle 1 Ryann Dahle Ms. Aderhold Comp I 30 October 2014 The Purpose of the True “College Experience.” The historical saying goes‚ “Home is the treasure chest of living‚” but does this hold true? Is it more valuable to live at home or in a dorm? Can maturity and independence be met from both? Obviously‚ living at home has several benefits and securities‚ but there also comes a time when dorm experiences are necessary for different reasons. In college‚ living in a dorm is the most efficient
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Trade Fair Report 4/22/2012 This past weekend‚ I attended the International Trade Fair Expo Lifestyle Shanghai Trade Show with other classmates. The trade show showcased a wide variety of luxury goods‚ from fine leathers‚ to luxurious yachts. There were many yacht brokers‚ dealers‚ and manufactures in attendance‚ showcasing their latest products and services and seeking out new ventures in the field of luxury goods. Upon entry to the event‚ it became clear that this event sought to seek the attention
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recognizing our government’s hypocrisy and lies; the problem is that we’re too willing to put up with it. The problem isn’t opening our eyes to the truth‚ it’s getting us to do something about it. The powerfully symbolic film V for Vendetta uses the voice of one anarchist‚ V‚ to influence thousands of people into standing together against their fascist government and fight for freedom. Although set in England‚ the film appeals to American viewers by reflecting similar policies now carried out by the
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Henry V is displayed as an honest and noble character. Shakespeare explores this nature of integrity clearly by displaying the audience with Henry’s innermost thoughts in addition to presenting him with situations‚ which test his virtue. Shakespeare continually contrasts the Dauphin with Henry and therefore effectively brings to the audience’s attention the admirable characteristics of Henry. Throughout the play Henry puts the needs of his kingdom above his own which proves his patriotism and shows
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CONTENTS 1 EXECUTIVE SUMMARY 2 INTRODUCTION 3 - 7 STUDY OF OBJECTIVES‚ SCOPE & LIMITATION 8 RESEARCH METHODOLOGY 9 - 12 COMPANY PROFILE 13 – 20 CONCEPTUAL BACKGROUND 21 - 25 COMPETITIVENESS OF BUSINESS PROCESS INTEGRATION 26- 65 ANALYSIS & INTREPRETATION 66 - 81 PORTER’S FIVE FORCES MODEL 82 - 84 SWOT ANALYSIS 85 - 87 FINDINGS AND SUGGESTIONS 88 - 89 CONCLUSION 90 ANNEXURE 91 - 92 BIBLIOGRAPHY 93 1. EXECUTIVE SUMMARY This project is done at GARDEN CITY FASHIONS
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economics and business decision-making‚ sunk costs are retrospective (past) costs that have already been incurred and cannot be recovered. Sunk costs are sometimes contrasted with prospective costs‚ which are future costs that may be incurred or changed if an action is taken. Both retrospective and prospective costs may be either fixed (continuous for as long as the business is in operation and unaffected by output volume) or variable (dependent on volume) costs. Note‚ however‚ that many economists consider
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