Questions for Review Chapter 13 1. What is the relationship between a firm’s total revenue‚ profit‚ and total cost? Each of these has an effect on the other‚ which will cause them to go up or down based on the output of the business. A firm aims to keep costs down‚ while increasing total revenue and profit. 2. Give an example of an opportunity cost that an accountant might not count as a cost. Why would the accountant ignore this cost? The money she would make working a full time job with
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Chapter 5 |Activity-Based Cost Systems |[pic] | QUESTIONS 5-1 Traditional volume-based cost allocation systems that use only drivers that vary directly with the volume of products produced—such as direct labor dollars‚ direct labor hours‚ or machine hours—are likely to systematically distort product costs because they break the link between the cause for the costs and the basis for assignment
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differences‚ historical differences‚ language differences‚ differences in actual and potential target groups. 2. What are the factors that add to the complexity of international marketing research? Ethnocentrism‚ polycentrism‚ regiocentrism‚ geocentrism. 3. What are the steps to be taken in coordinating international research? Identifying and defining your problem Developing your approach Establishing research design and strategy Collecting the data Performing data analysis Reporting
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Solutions for Review Problems of Chapter 14 1. a. Given the following diagram for a product‚ determine the quantity of each component required to assemble one unit of the finished product. b. Draw a tree diagram for the stapler: a. F: 2 J: 2 x 2 = 4 D: 2 x 4 = 8 G: 1 L: 1 x 2 = 2 J: 1 x 2 = 2 H: 1 A: 1 x 4 = 4 D: 1 x 2 = 2 Totals: F = 2; G = 1; H = 1; J = 6; D = 10; L = 2; A = 4 b. Stapler Top Assembly Base Assembly Cover Spring Slide Assembly Base Strike Pad Rubber Pad 2 Slide
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Questions 1. The thirteen colonies were ruled by what country? 2. Which of the following states were one if the original 13 colonies? Mississippi‚ Alaska‚ Kentucky‚ New Jersey‚ or Ohio? 3. If many people came to New England for freedom of religion‚ what can you infer about life in the 17th century Europe? 4. What was a major difference between Middle and New England colonies? 5. What did the settlers of the 13 colonies have in common? 6. If you wanted to go to a bustling plantation‚ which colony
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1. What are the sources of international law? Sources of international law help us understand what constitutes international law‚ and how international law is created. It refers to where states‚ organizations‚ individuals and the courts can finds principles of international law. Sources of international law can be divided into two main types‚ which are the primary sources and the subsidiary sources. The article 38 of the statute of the international court of justice establishes the five main sources
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International Finance Problem Set #4 1. A. Fundamental-based Forecasting: Analyzing the future on the basis of fundamental relationships between economic variables and exchange rate. Fixed exchange rates: The forecasting is based on indicators of sustainability such as current account deficits or surpluses‚ relative inflation rates and black market exchange rates. Floating exchange rates: The forecasting is based on factors that could influence macro economy such as monetary policies and
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Chapter 5 Notes Three general reasons for holding onto cash: 1. managing transaction needs 2. preparing for cash emergencies 3. making a temporary investment -very conservative advice suggest you should have enough liquid assets to cover 5 to 8 months of regular expenses -others suggest 2 months is more than enough Four rules to help better cash management outcomes: 1. keep track of your cash by balancing your checkbook every month 2. develop a system to ensure that
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Chapter Chapter 13 Urban Geography Where question at 2 scales‚ why differences occur‚& distribution within urban spaces The process which the population of cities grow LDC: migration of rural residents to the cities in search of jobs in manufacturing/ services. MDC: a consequence of changes in economic structure Delhi‚ Jakarta‚ Mexico City‚ Mumpal‚ Sao Paulo‚ and Seoul. Reversal of historical trend‚ is not a measure of an improved level of development Lack o agreement among authorities sources
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Chapter 1 Starting up a Proprietorship Proprietorship-an unincorporated business owned by one individual Easy to start Three advantages o Easily and inexpensively formed o Few government regulations o Its income is not subject to public taxation Three limitations o May be difficult for them to obtain capital needed for growth o Proprietor has unlimited personal liability o Life of a proprietorship is limited to the life of the founder Used primarily for small businesses Only account for
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