Abstract Have you ever wondered how not-for-profit organizations are not-for-profit? Or how not-for-profit organizations can operate at an accounting profit but still be considered a not-for-profit organization? Over the year’‚ not-for-profit organizations have had many changes in rules and regulations set forth for not-for-profit organizations to abide by. There are three major financial statements involved with not-for-profit organizations and one voluntary financial statement‚ plus four key governmental
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YCube Ltd Case Study Key Information o In 2011‚ YCube sold 35‚000 games at $40 each. o Total Costs amounted to $550‚000 of which $200‚000 were fixed. o In 2012‚ the company replaces a part that costs $3.00 with a better part costing $4.50 per unit. o An installation in the same year costs $20‚000 with a useful life of 5 years and no salvage value. It follows straight-line depreciation. Useful Equations Profit = Revenue − Total costs Profit = P? − UVC? − FC Profit + FC = ?(P − UVC)
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between ABC Costing and the Time Driven ABC Costing Activity Based Costing (ABC)‚ is a method used to gather an estimation of the cost of a product or service. It was proposed by Robert S. Kaplan and W. Bruns. It helps to assign costs to products and services‚ of an activity along with the resources‚ based on the consumption that takes place by each product or service. The model helps companies in deciding that which products are not rightly priced and which products are actually costing more or are
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INTRODUCTIONThe product cycle concept states that all products have a life span. Since the desirability and sales of a product changes at different stages of a product’s life‚ product concept and strategy always need constant revision. Product cycle can apply to both a category of a product or a brand and underlines most business planning models because of sales and profitability. It has a number of stages which are usually characterised by the amount of revenue brought in by the product at certain stages
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KETI Constructions (Ii) Ltd. T H E C O M P A N Y KETI Constructions (I) Ltd. KETI CONSTRUCTIONS (I) LTD. ’Vidya Deep’‚ 15/3‚ Manoramaganj‚ Indore -452001 (M.P.) Ph. (0731) 2496931/32/33/34 Fax: +91-0731-4096457
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Activity-based Costing (ABC) An activity-based approach refines a costing system by focusing on individual activities as the fundamental cost objects. It uses the cost of these activities as the basis for assigning costs to other cost objects such as products or services. There are four levels of a cost hierarchy: 1- Output unit-level costs: costs of activities performed on each individual unit of a product or service. 2- Batch-level costs: costs of activities related to a group of
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1a) Activity based costing is a relatively new type of procedure that can be used as an inventory valuation method. The technique was developed to provide more accurate product costs. This improved accuracy is accomplished by tracing costs to products through activities. In other words‚ costs are traced to activities (activity costing) and then these costs are traced‚ in a second stage‚ to the products that use the activities. Another way to express the idea is to say that activities consume resources
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For-Profit Education For-Profit education has been present for many years however has recently become a popular commodity. The for-profit educational world has been gaining popularity for a number of reasons. These include such aspects as access‚ student population‚ financial cost‚ etc. This paper will explore For-Profit education‚ a brief history‚ the students these institutions aim to serve‚ the intended focus of For-Profits and quality‚ the impact on higher education‚ and the roles of student
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the company could make profit or not. * Depreciation-plant equipment: It is cost that company has to be incurred despite company are producing or not. * Property taxes on plant equipment: the amount that company has to pay as prescribed by law. * Fire insurance on plant equipment: whether company is being operated or not‚ this is the amount that are paid to prevent the loss of plant equipment when fire happens. So that it is not affected by the volume of product units. * Operation
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the stock’s price movement or the overall state of the market. Profit Margin Anal ysis A company’s stock price‚ in large part‚ is driven by the company’s ability to generate earnings. Therefore‚ it is useful for investors to analyze the profitability of a company before investing in it. One way to do this is by calculating and tracking various profit margins‚ which reflect how efficiently a company uses its resources. Profit margins are expressed as a ratio‚ specifically “earnings” as a percentage
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