presented in the following table a. sales rev $4k b. purch of dir materials $400 c. direct labor $450 d. manuf overhead $620 e. op expenses $650 f. beg raw materials inv $200 g. end raw materials inv $180 h. beg WIP inventory $320 i. end WIP inventory $410 j. beg fin goods inventory $250 k. end fin good inventory $200 i. what is cost of goods manuf? ANSWER: $1400 4. Tony worked 51 hours last week for bread works manufacturing. Of the 51 hours 10 hours were considering overtime‚ and also tony was idle for
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the profit created through resource employment. Second‚ there must be an ability to pay. Both individuals and firms must demonstrate an economic capability to acquire‚ or their wants will remain unfulfilled‚ and no economic demand will result. Q5.2 John Baptiste Say‚ a French economist from the early 19th century‚ is credited with stating‚ Asupply creates its own demand.@ Today‚ some economists appear to argue that Ademand creates its own supply.@ Explain why neither statement is precisely correct
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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Master of Business Administration- MBA Semester 1 MB0042 – Managerial Economics - 4 Credits (Book ID: B 1625 ) Assignment Set -1 (60 marks) Note: Assignment Set -1 must be written within 6-8 pages. Answer all questions. Q1. Discuss profit maximising model in detail. 10 marks(350-400 words) Answer : Profit maximization is the rational behaviour of equilibrium assumption. Any firm which aiming at profit maximization model; will go increasing its output till it reaches maximum profit output
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technology would put most millennials into a coma. It is amazing to think that there are some people who appreciate the absence of technology‚ and believe that it can lead to the destruction of family‚ friendships‚ and life. In the novel Into the Wild by John Krakauer‚ a young adult named Christopher McCandless loses his identity and belongings as he ventures into the Alaskan Wilderness‚ to find his true self. McCandless ventured
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Into The Wild Essay Jon Krakauer wrote the book “Into the Wild”‚ and it is about a young man named Christopher McCandless who literally takes a journey into the wild. As the book started off it was clearly indicated that McCandless would be dead by the end of his journey. This tells us that whatever he was doing out there was probably not a smart thing to be doing. Christopher may come off as a sympathetic young man with a profound moral cause who is seeking a higher truth because of all the
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Name: Instructor: Course: Date: A Problem of Nature in The Call of the Wild by Gary Snyder The poem Call of the Wild by Gary Snyder represents an ecological view on relationship between nature and Western civilization‚ as well as on peace and war. The image of the West in this poem is characterized by repression‚ ignorance‚ and violence. It ruins both wild nature with its forests and animals‚ and civilized human ’nature’. Thus‚ the term nature itself appears to be problematic. I argue that Snyder
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People have been enchanted by the idea that even the wildest animals can befriend the right person. In reality‚ keeping a wild animal as a pet often has disastrous results for the animals and the people‚ yet wild and exotic animals continue to be imported into the US and sold to incompetent owners. While the opposition will argue that exotic pet ownership can provide safe and fulfilling environments for the animals. pet ownership should be banned because home captivity is unhealthy for the animals
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Zach Maes English 2 8-30-2011 Call of the Wild 1. Some readers see the hardships and suffering of the dogs in the sled team as symbolic of workers in a Capitalistic system. Identify and explain these similarities. “He had killed man‚ the noblest game of all‚ and he had killed in the face of the law‚ of club and fang” (ch. 7) Capitalism is an economic system in which the workers only
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Introduction to Accounting Accounting is a profession used to make financial and business decisions. Billions of dollars exchange hands every day‚ in millions of separate business transactions. These are recorded and reported on using a comprehensive set of guidelines‚ referred to as Generally Accepted Accounting Principles (GAAP). Brief History of Accounting Accounting was born before writing or numbers existed‚ some 10‚000 years ago‚ in the area known as Mesopotamia‚ later Persia‚ and today the
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