Question no: 01:- Accounting profit and Economic profit. Economic Profit Implicit cost Accounting profit Explicit cost Total opportunity cost Revenue Revenue How an economist views a firm How an accountant views a firm Accounting profit equals sales revenue minus ( - ) all costs except the cost of equity capital‚ while Economic profit is sales revenue minus ( - ) all costs including the opportunity cost of equity capital. Thus economic profit may be lower than the accounting profit. If accounting
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Running Head: WRITING A FORMAL LAB REPORT Writing a Formal Lab Report Using APA Format Michael Betco AP Physics 1 ChangZhou Senior High School of Jiangsu Province 1 WRITING A FORMAL LAB REPORT 2 Abstract WRITING A FORMAL LAB REPORT 3 Writing a Formal Lab Report Using APA Format This introduction is also often referred to as the ‘purpose’ or ‘plan’ section. It should include two main categories: Purpose (or Objective) This part of the experiment expressed clearly in only one or two sentences
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Statements on Management Accounting PRACTICE OF MANAGEMENT ACCOUNTING TITLE Definition and Measurement of Direct Material Cost TABLE OF CONTENTS Definitions . . . . . . . . . . . . . . . . . . . . . . . . . Materiality . . . . . . . . . . . . . . . . . . . . . . . . . Material Quantities . . . . . . . . . . . . . . . . . . . Material Lost in the Production Process . . . . Samples‚ Prototypes‚ and Initial Production Runs . . . . . . . . . . . . . . . . . . 1 2 2 2 3 Unit Price of Direct Material
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Management Accounting‚ Cdn. 6e (Horngren/Sundem/Stratton/Beaulieu) Chapter 1 Management Accounting and Management Decisions 1) Both internal managers and external parties use accounting information. Answer: TRUE Diff: 2 Type: TF Page Ref: 16 Objective: 8 2) Internal accounting reports must follow generally accepted accounting principles and account for assets at historical cost. Answer: FALSE Diff: 2 Type: TF Page Ref: 16 Objective: 8 3) Organizations that
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Use the following to answer question 1: Marger‚ Inc.‚ provided the following data for two recent months: [pic] |1. |Which of the following classifications best describes the behavior of Cost T? | |A) |Variable | |B) |Fixed
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commissions increased to 20%‚ this will caused the commission to agents would increase to $3‚200‚000 (20%X $16‚000‚000). The management of Pittman Company suggested to employ company’s sales force and incurred $2‚400‚000 fixed costs for the sales force. Besides Pittman Company would also save $75‚000 a year because no need to pay the audit firm for check out the agent reports‚ so the overall administrative costs would be less. Question: 1. Compute Pittman Company’s break-even point in sales
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scarce resource and add value‚ all those kind of issues should be considered in planning stage and adjust its flexibility in order to realising that strategic intent. Question 2 What are the principal reasons for strategic management and thinking? Strategic management plays an important role as it helps in setting detailed goals‚ analysing all our internal and external resources‚ analysing our external environment‚ as well as stakeholder views. If a company want to survival of the fittest‚ then
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University of Trinidad and Tobago LABORATORY REPORT ENGINEERING SCIENCE – ENSC 1005 LECTURER: Asha Sooknanan It is important that a student not only learns the physical concepts discussed in a laboratory exercise‚ but that the student also learns how to communicate those ideas effectively. In a technical lab report‚ the results will often be read by engineers‚ engineering technologies‚ and other scientists‚ but also by people in industry who may not have significant training in physics
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In typing the technical report‚ use 1. Arial 12 ( BE CREATIVE!!!) 2. short size bond paper 3. white folder and fastener (top) 4. 1” margin for all sides 5. Single spaced Format for the Technical Report/Portfolio 1. Cover Page (PNU Header and Logo‚ Title of Activity‚ Section and Group Members‚ Term‚ A.Y. 2. Rating Sheet 3. Overview (Project Title‚ Proponent‚ Date‚ time‚ and Venue‚ Participants PHILIPPINE NORMAL UNIVERSITY The National Center for Teacher Education Visayas Campus Cadiz City THE
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NARRATIVE REPORT ON THE ON-THE-JOB INTERVIEW AND OBSERVATION TO MR. JUAN DELA CRUZ OF ABC COMPANY Submitted to the Faculty of Department of Arts and Sciences Cavite State University – Carmona Carmona‚ Cavite In partial fulfillment of the course requirements in ENGL 2 – Writing in the Discipline PETER S. PARKER January‚ 2015 BIOGRAPHICAL DATA ____________________________________________________________________________________________________________________
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