Fixed Costs‚ Variable Costs and Break-even Point Exercise 10.1 During the sixth month of the fiscal year‚ the program director of the Westchester Home-Delivered Meals (WHDM) program decides to again recompute fixed costs‚ variable costs‚ and the BEP using the high–low method. Here are the number of meals served and the total costs of the program for each of the first six months: Month Meals Served Total Costs July 3‚500
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The formula or equation takes what a owner might owe to creditors and others adds it to what the owner might already own and factors in what the business owns. The equation can be done in different ways‚ but no matter there is always a balanced outcome. http://www.moneyinstructor.com/lesson/accountingtransaction.asp * Transaction‚ t-account: A t-Account provides a visual aid to show an account in a business’ financial books. It provides a method of organization. http://blog.reallifeaccounting
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UNEXPECTED COSTS Grantham University Abstract Unexpected inflation rates can happen‚ decreased prices in consumer goods and services happen all the time and in other times it can actually increase. It’s up to us to figure out how our financial future is going. Inflation When consumers expect an increased inflation rate statistics shows that most consumers spend more due to the fact that they know that they can get more bang for their buck before inflation rises than
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price of coffee beans increases by $0.20 per pound. What is the effect of this raw material price increase on the demand for roasted coffee? If one pound produces 50 cups of coffee‚ would the price of a cup of coffee rising by $0.01? Explain. Price of the product comes from the production of the goods all the way till it hits the market shelf. So when the price of the product like coffee increases during the productivity of the product then the end cost could increase too. Changes of the productivity
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Practice Task: BORROWING COST OF ISSUING BANK BILLS In order to fund its short-term operations‚ the Chief Financial Officer (CFO) of Best Company has decided use short-term money market instruments. The CFO has asked you and your team to advise the company of the best course of action. After a lengthy discussion with the CFO‚ it was decided to issue bank-accepted bills of exchange (bank bills). In order to obtain board approval‚ the CFO has asked you and your team to create a simple spreadsheet
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Professionalism Chapter and Reading Course Outline Syllabus eLC Student Orientation: http://elc.uga.edu/student_orientation /index.html Assignment Due Today 1) Hand in your ACCT 5100/7100 profile. 2) Form teams of four with no more than one MBA student per team (I will try to fill out teams of two or three). One team member should email me the names of all team members and your team name‚ ASAP. If I don’t hear from you by 11:00 am on Wednesday‚ I will assign you to a team. 3) Follow the instructions on
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thoughtless use of these resources would cause their exhaustion and degradation‚ thereby reduce productivity and impede economic growth. As a result our future generations will not get enough resources for their use thus adversely affecting their output‚ income and living standards. So environmental degradation not only affects us but will also have repercussions on our future generations. DEVELOPMENT: Thus industrial processes for the economic development play a major role in the degradation of
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6. "It is the responsibility of the writer to expose our many grievous faults and failures and to hold up to the light our dark and dangerous dreams‚ for the purpose of improvement." -- John Steinbeck Step one: rewrite the quotation in your own words. Find synonyms for the important words. It is the responsibility of the writer It’s the author’s job to expose our many grievous faults and failures to reveal our regretful mistakes and to hold up to the light to bring to our attention
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development of a modern world. We don’t see nature in the cities and towns that most of us spend our lives in‚ we have an illusion that the uninhabited nature is pure and desirable. In Trouble with Wilderness‚ Cronon educates us about the term wilderness. Per Cronon‚ wilderness is a term that is a result of social construction that we have made and modified for our desire. For what was once a term for undesirable land that proposed challenges in stories of Jesus and Moses‚ we now have wilderness
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Cost accounting 4-37 General ledger relationships‚ under- and overallocation. The solution assumes all materials used are direct materials. A summary of the T-accounts for Needham Company before adjusting for under- or overallocation of overhead follows: Direct Materials Control Work-in-Process Control 1-1-2008 30‚000 Purchases 400‚000 Material used for manufacturing 380‚000 1-1-2008 20‚000 Direct materials 380‚000 Transferred to finished goods 940‚000 12-31-2008 50‚000 Direct manuf.
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