Assessment E9-2 Trudy Company incurred the following costs. 1. Sales tax on factory machinery purchased $ 5‚000 2. Painting of and lettering on truck immediately upon purchase 700 3. Installation and testing of factory machinery 2‚000 4. Real estate broker’s commission on land purchased 3‚500 5. Insurance premium paid for first year’s insurance on new truck 880 6. Cost of landscaping on property purchased 7‚200 7. Cost of paving parking lot for new building constructed 17‚900 8. Cost of clearing
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decision making across the various functional areas of an organization Managerial accounting: the form of accounting concerned with providing information to managers for use in planning and controlling operations and for decision making Financial accounting: the form of accounting concerned with providing information to shareholders‚ creditors‚ and others outside the organization The work of managers and their need for managerial accounting information Every organization has managers – someone must
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Financial and Management Accounting Unit 12 Unit 12 Marginal Costing and Break – Even Analysis Structure: 12.1 Introduction Objectives 12.2 Marginal Costing 12.3 Assumptions of Marginal Costing 12.4 Differences Between Absorption Costing and Marginal Costing 12.5 Marginal Cost 12.6 Contribution 12.7 Cost Volume Profit (CVP) Analysis 12.8 Profit Volume Ratio (MCSR or C/S Ratio) 12.9 Break-Even Analysis 12.10 Break-Even Chart 12.11 Target Profit 12.12 Margin of Safety (MOS) 12.13 Applications of
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METHODS IN EDUCATION Course Note Writer: Prof. Dr. Abdul Razak Habib Course Leader: Assoc Prof Dr Abdullah Mohd Noor TOPIC 2: WRITING RESEARCH REPORT 2.1 Introduction This topic will give you the overview of a research report and an example of a research report. After completing this topic‚ you should be able to explain the chapter contents of: (a) Research Problem; (b) Review of the Literature; (c) Research Method; (d) Research Findings; and (e) Conclusions (Figure 2.1).
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C.T.‚ Datar‚ S.M. and Foster‚ G. (2003) Cost Accounting - A Managerial Emphasis‚ Pearson Education‚ Inc.‚ New Jersey‚ Eleventh Edition CHAPTER 11 DECISION MAKING AND RELEVANT INFORMATION 11-1 The five steps in the decision process outlined in Exhibit 11-1 of the text are: 1. 2. 3. 4. 5. Obtain information Make predictions about future costs Choose an alternative Implement the decision Evaluate performance to provide feedback 11-2 Relevant costs are expected future costs that differ among the
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ECO 550 Week 5 Problems Chapter 9 and 10 Chapter 9 3. A study of the costs of electricity generation for a sample of 56 British firms in 1946–1947 yielded the following long-run cost function:16 AVC = 1.24 + .0033Q + .0000029Q2 − .000046QZ − .026Z + .00018Z2 where AVC = average variable cost (i.e.‚ working costs of generation)‚ measured in pence per kilowatt-hour (kWh). (A pence was a British monetary unit equal‚ at that time‚ to 2 cents U.S.) Q = output; measured in millions of kWh per
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purchase of major fixed assets such as machinary ‚ building‚ and equipments. So there are two main catagories of selection of project‚ 1-Financial model 2-Non- financila model FINANCIAL METHODS: In financial maethod we determine the capital budget of the project. In capital budgeting following techniques are used‚ 1-Pay back period 2-Net present value 3-Internal rate of return 4-Profitability index These method are explained below‚ 1-PAY BACK PERIOD: Payback
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Chapter 2 Global E-Business: How Businesses Use Information Systems Lecturer: Richard Boateng‚ PhD. • • Lecturer in Information Systems‚ University of Ghana Business School Executive Director‚ PearlRichards Foundation‚ Ghana Email: richard@pearlrichards.org 2.1 © 2010 by Prentice Hall Management Information Systems Chapter 2 Global E-Business: How Businesses Use Information Systems LEARNING OBJECTIVES • Define and describe business processes and their relationship to information
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incomes. (Prof. Gardner Ackley) Nat ional Income is t he basic concept of economic‚ which refers t o t he market value of t he goods and services produced during a part icular year. (Prof. Richard Lipsy) CONCEPTS OF NATIONAL INCOme ----1.GROSS DOMESTIC PRODUct Total value of output (goods and services) produced by the factors of production located within the country’s boundary in a year GDP = GNP – Net income earned from abroad 2.GROSS NATIONAL PRODUCT Defined as current value of all goods and services
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Fundamental Economic Concepts: Introduction CHAPTER 1: 1. Risk is best thought of as a. the chance that the actual return will be zero or negative b. the chance that the actual return will differ from the expected return c. the chance that the expected return will be lower than what investors demand d. the chance that the expected return will be incorrectly estimated 2. Which of the following is INCORRECT about risk-averse investors? a. They always try to minimize their risk regardless
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