EBF2043‚ Sem 2‚ 2012/13 Group Assignment AstaPack manufactures medicines that are related to allergy sickness which is packaged into the Breathe product line and the TravelPack line. The company sells large commercial containers of 1‚200 capsules to health care facilities and travel packs of 40 capsules to shops in airports and hotels. The finance manager has just returned from an ABC seminar and has been asked to assist in the development of an ABC system in the organization. The following
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Multiple Choice Questions 1. Which of the following statements is true? A. The word "cost" has the same meaning in all situations in which it is used. B. Cost data‚ once classified and recorded for a specific application‚ are appropriate for use in any application. C. Different cost concepts and classifications are used for different purposes. D. All organizations incur the same types of costs. E. Costs incurred in one year are always meaningful in the following year. 2. Which of the following
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1) Before answering this question lets review the job and process costing sytems: Job order cost system: • Jobs are assigned to each job or batch • A job may be for a specific order of inventory Process cost system : • This cost system is generally used when a large volume of similar products are manufactured Answers: a. A custom yacht builder – job order costing b. A golf course designer – job order costing c. A potato chip
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CHAPTER 15 MANAGING CURRENT ASSETS (Difficulty: E = Easy‚ M = Medium‚ and T = Tough) Multiple Choice: Conceptual Easy: Working capital Answer: c Diff: E [i]. Other things held constant‚ which of the following will cause an increase in working capital? a. Cash is used to buy marketable securities. b. A cash dividend is declared and paid. c. Merchandise is sold at a profit‚ but the sale is on credit. d. Long-term bonds are retired with the proceeds of
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Tyler Browne Psychology 1 Tues. Thurs. 9:30 – 1:45 Psychology Reflection Paper The top ten things that I learned this semester in psychology were as follows; The importance of sleep‚ the negative effects that stress has on your body and brain‚ the process of neurogenesis‚ the knowledge I gained about psychological disorders and their symptoms‚ effective and healthy ways to cope with stress‚ the treatment of psychological disorders‚ variations in consciousness‚ motivation‚ psychological experiment
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Science and Mysticism: Are They Compatible? .Pat Duffy Hutcheon‚ Humanist in Canada (Winter 1996/97)‚ p.20-24. KEY TERMS: mysticism -- transcendentalism -- indeterminacy -- Chaos Theory -- systems emergence -- the anthropic principle -- explanations -- world view -- Cosmological Proof -- postmodernism -- scientific attitude -- contingent causality Much has been written in recent years to the effect that science‚ in its upper reaches‚ merges into mysticism. It is often said‚ by certain New Age
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Fundamentally‚ science is the process of mapmaking that utilizes what we can epitomize and think about to better represent and understand the world we live in. The idea of science can be separated into two subdivisions: natural sciences and human sciences. Natural sciences are studies that concern itself with the physical world‚ while human sciences are studies that deal with the “biological‚ social and cultural aspect of the human life”. With each of its own values and limitations‚ the natural sciences and
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race‚ religion‚ language‚ or national origins which contribute to a sense of shared identity and shared attitudes‚ beliefs‚ and values. Ethnicity and cultural patterns • Affect development by their influence on the composition of a household‚ it economic and social resources‚ the way its members act toward one another‚ the foods they eat‚ the games children play‚ the way they learn‚ how well they do in school‚ the occupations adults engage in‚ and the way family members think and perceive the world
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WK4 1How much would the firm’s revenue change if it lowered price from $12 to $10? Is the demand elastic or inelastic in this range? | When P = $12‚ R = ($12)(1) = $12. When P = $10‚ R = ($10)(2) = $20. Thus‚ the price decrease results in an $8 increase in total revenue‚ so demand is elastic over this range of prices. How much would the firm’s revenue change if it lowered price from $4 to$2? IS the demand elastic or inelastic in this range? | When P = $4‚ R = ($4)(5) = $20. When P
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1. What was the main attraction for you to study Economics at University? A prestigious university which is very established in the world of economics and in terms of the experience the economics faculty is rich in knowledge. Idea of supervisions interests me as it gives me a chance to discuss economics and learn new ideas from professors who are at the forefront of economics. Allows me to criticize my views and always adapt them to what I believe is right. Famous economist have ome from Cambridge
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