market-oriented firm will locate closest to its customers and the market. The cost of shipping its output is much higher than shipping its input. 2. Depict graphically the effects of the following changes of the bat firm’s cost curves. (shown in Figure 2A-1‚ Page 39). Explain any changes in the optimum location. a. The cost of shipping bats increases from $2 per ton to $4 per ton‚ while the cost of shipping wood remains at $1 per ton. After doubling the price of shipping bats‚ the new optimum location
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for a company to benefit from assessing their control procedures. Internal controls are operating practices that are established to provide reasonable assurance that specific objectives will be achieved and every employee in the organization is responsible for internal controls. Implementing internal controls will help your business reach its performance and profitability targets‚ and most importantly prevent loss of resources. Internal Controls help to ensure reliable financial reporting‚ as
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June 1‚ 2014 Welcome Incoming 10th Grade Accelerated English (preAP English 2A) students!! In order to best prepare you for a rigorous‚ academic year in English‚ we don’t want you to lose those fabulous reading skills you’ve acquired with your 9th grade English teacher. As such‚ IHS has implemented a summer reading program. Students are encouraged to read a minimum of six books over the summer. Five of these titles are completely of your choosing—go crazy and have fun. We’ll leave it up to
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2.4.3 CASH 2.4.3.1 POLICY 1. The amount of cash kept in the office must be kept to a minimum to reduce the risk of fraud or theft. This amount should be determined by the PO or CO Head of Finance on the basis of regular cash requirements. An imprest petty cash system should be implemente (see Annex 2.4.03 Petty Cash Book template‚ and below Guidelines). 2. The maximum imprest for a petty cash fund should not exceed the equivalent of CHF 2‚000. The PO Representative or Country
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Goodner Brothers‚ Inc. Internal Control Issues 1.List what you believe should have been the three to five key internal control objectives for Goodner’s Huntington sales office. 1. Assets Safeguard The padlock and other some security are used as a physical protection of Goodner’s inventory from stolen by unauthorized person. 2. Authorization of Transaction Goodner’s policy said that the new customer required an approval of the sale manager for the credit sale. The objective of this
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Case Study 2-Internal Controls 2014 ACCT 504 Table of Contents I) Introduction II) Internal Control Requirements-Sarbanes/Oxley Act III) Internal Controls-Strengths IV) Internal Controls-Opportunities for Improvement Introduction It has come to the attention of the president of LJB Company that an evaluation is needed to determine the reliability and level of compliance of the company’s
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3/20/2013 ERIC KAMAU | P4&M3 | UNIT 36 STARTING A SMALL BUSINESS | P4&M3 | UNIT 36 STARTING A SMALL BUSINESS | Contents INTRODUCTION 2 Proposed legal structure of the business 2 LEGAL ASPECTS 2 Local licenses and regulations 4 The implications for the business in legal aspect (M3) 4 FINANCIAL ASPECTS 5 The implications for the business in financial aspect (M3) 8 INTRODUCTION For this task I have been asked to describe the legal and financial aspects that will
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internalized colonialism- look at Eugenia Kaw. Susan Bordo (The Slender Body) -look at consumption vs. accumulation and capitalist contradiction. Consumption vs. Accumulation -from Bordo’s article. “Tight” Bodies as Cultural Symbols of Morality/Self-Control- “I Enjoy Being a Girl” (music videos and women’s capitalist role as primary consumers and sexualized objects)- Emily Martin (The Egg and the Sperm)- Western Cultural Biases in Science- western science has frequently portrayed women’s sexual
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Internal Controls XACC/280 Christopher Stone 5.1.2013 Internal controls are an integral part of a business operation because of the extreme importance of assets. Assets are basically an economically valued item owned by an individual or corporation‚ which most often has a direct conversion rate to cash. Examples are cash‚ securities‚ accounts receivable‚ in-stock product‚ business equipment‚ real-estate‚ cars‚ and other valuable property. Assets are business resources which could lead
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Internal Controls XACC 280 By University of Phoenix Professor This paper will discuss the internal controls and how they work in business. I will shed some light on the organizations financial and business policies‚ process and procedures. The purpose of these internal controls is to protect the company’s resources against fraud‚ misappropriate funds and most important waste. A company can spend quite a
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