=GH¢ 60‚000 (Implicit cost) TOTAL ECONOMIC COST =Total explicit cost +Total Implicit cost =1‚586‚000 + 60‚000 =GH¢1‚646‚000 B. ACCOUNTING PROFIT The Accountant takes into consideration explicit costs but does not take into consideration implicit costs: PROFIT=TOTAL REVENUE- TOTAL COST Total Revenue=GH¢1‚940‚000 Total Explicit cost=GH¢1‚586‚000 Accounting profit=Total Revenue - Total Explicit cost =1‚940‚000- 1‚586‚000 =GH¢ 354‚000 C. ECONOMIC PROFIT The Economist takes into consideration
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gross profit. 2) Prepare the current assets section of the balance sheet at June 30‚ 2014. CHAPTER 2 (Job Order Costing) P2-4A Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D‚ direct labor hours in Department E‚ and machine hours in Department K.In establishing the predetermined overhead rates for 2014‚ the following estimates were made for the year. Department
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MANAGERIAL ROLE: 1. INTERPERSONAL ROLES (i). Figurehead role- In this role a manager performs symbolic duties required by the status of his office. Making speeches‚ bestowing honors‚ welcoming official visitors‚ distributing gifts to retiring employees are examples of such ceremonial duties (ii). Leader- This role defines the manager’s relationship with his own subordinates. The manager sets an example :legitimizes the power of subordinates and brings their needs in accord with those of his
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5. Managerial Grid The x/y axis on the grid consist of two behavior dimensions‚ concern for people and concern for production. Concern for people is the degree to which a leader considers the needs of employees when deciding how tasks or jobs should be done. This can be personal or professional development. This behavior dimension moves along the y-axis. Concern for production is the degree to which a leader emphasizes objectives and productivity goals when deciding how tasks or jobs should
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Hussam Hasan Karim University of Basrah College of Arts/ Department of English Contrastive analysis as Applied Linguistics Contrastive analysis is a branch of linguistics. It is a linguistic enterprise aimed at producing inverted (i.e. contrastive‚ not comparative) two-valued typologies (a CA is always concerned with a pair of languages)‚ and founded on the assumption that languages can be compared (Carl James‚1983( . contrastive analysis includes all fields of linguistics such as phonology
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needs to understand the power and influence structures in one’s organization. Failure to develop effective work relationships can cause job dissatisfaction‚ low work performance‚ unnecessary conflicts‚ and potentially getting fired from one’s job. Thomas Green Case is a great example of how different work styles and office politics can result in a career crisis. After reviewing the following case study‚ I have concluded that both parties are responsible for the lack of synergy between the employee
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Chapter 3 Solutions‚ 3rd day Exercise 3-13 (15 minutes) 1. | Actual manufacturing overhead costs | | $ 48‚000 | | Manufacturing overhead applied: 10‚000 MH × $5 per MH | | 50‚000 | | Overapplied overhead cost | | $ 2‚000 | | | | | 2. | Direct materials: | | | | Raw materials inventory‚ beginning | $ 8‚000 | | | Add: Purchases of raw materials | 32‚000 | | | Raw materials available for use | 40‚000 | | | Deduct: Raw materials inventory
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ACT 5733 – Advanced Managerial Accounting Fall 2012 HW #3 Question #1 Consider the following potential investment‚ which has the same risk as the firm’s other projects: Time Cash Flow 0 -$95‚000 1 $20‚000 2 $24‚000 3 $24‚000 4 $24‚000 5 $24‚000 6 $32‚000 a) What are the investment’s payback period‚ IRR‚ and NPV‚ assuming the firm’s WACC is 10%. b) If the firm requires a payback period of less than 5 years‚ should this project be accepted? Answer: Yes it should accept
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owned by its stockholders. This could range from a single shareholder in a closely held corporation to hundreds of thousands of shareholders in a publicly traded organization. Furthermore‚ some of the key terms that associated with Corporate or Managerial finance would be Liability - financial claims towards an organization assets which is not consider equity‚ Cash flows which consider money moving through companies‚ Corporation which is a distinct legal entity and Assets that could help the business
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THE MANAGER’S JOB IN CONTEXT Mangers are the building blocks of an organisation. They are the first persons to be answerable for every good and bad that happened in any organisation. Their job is to look after many things that are happening in an organisation and maintain the path of an organisation smooth and competitive with less hurdles and disturbances. In order to achieve this‚ managers have to work both physically and mentally in many areas and they even have to make their employees to work
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