classification has successfully increased the reliability of diagnoses without necessarily increasing their validity. C. The DSM-IV-TR offers therapists a means of determining causal factors underlying a specific psychological disorder. D. Critics of DSM-IV-TR argue that the classification system overemphasizes physiological factors associated with specified disorders. 5. Xenophobia is to fear of strangers as claustrophobia is to fear of A. heights. B. closure. C. social situations. D. enclosed spaces. 6
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MARGINAL COSTING Introduction This paper explores the use of cost accounting information for decision-making purposes. DEFINITION OF KEY TERMS Marginal cost: This is the cost of a unit of a product or service‚ which would be avoided if that unit or service was not produced or provided Break-even point: This is the volume of sales where there is neither profit nor loss. 1 9 6 COST ACCOUNTING S T U D Y T E X T Margin of safety: This is the excess of sales over the break-even volume in
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If marginal utility is negative‚ we can infer that Question 1 answers | | total utility is increasing by smaller and smaller amounts | | | total utility has fallen | | | total utility is also negative / | | | the product is an inferior good | A utility-maximising consumer changes their expenditures until Question 2 answers | | MUX = MUY for all pairs of goods / | | | TUX/PX = TUY/PY for all pairs of
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MARGINAL COSTING Introduction Even a school-going student knows that profit is a balancing figure of sales over costs‚ i.e. Sales - Cost = Profit. This knowledge is not sufficient for management for discharging the functions of planning and control‚ etc. The cost is further divided according to its behavior‚ i.e.‚ fixed cost and variable cost. The age-old equation can be written as: Sales - Cost = Profit or Sales - (Fixed cost + Variable Cost) = Profit. The relevance of segregating costs
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Marginal and absorption costing Topic list 1 Marginal cost and marginal costing 2 The principles of marginal costing 3 Marginal costing and absorption costing and the calculation of profit 4 Reconciling profits 5 Marginal costing versus absorption costing Syllabus reference D4 (a) D4 (a) D4 (b)‚ (c) D4 (d) D4 (e) Introduction This chapter defines marginal costing and compares it with absorption costing. Whereas absorption costing recognises fixed costs (usually fixed production costs) as
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Additional Mathematics Project Work 2012 Sculpture for the Additional Mathematics Corner of Sekolah Tinggi Muar‚ Johor Name : I/C No : School : Sekolah Tinggi Muar Integration Contents 1. Title : Sculpture for the Additional Mathematics Corner of Sekolah Tinggi Muar page 1 2. Appreciations:
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signal from buyers to sellers‚ and the price seen by fi rms signals the marginal benefi t of consumers in the market. If the price consumers pay for a product is greater than the marginal cost to fi rms of producing it‚ then the message being sent to producers is that more output is demanded. In the pursuit of profi ts‚ more resources will be allocated towards the production of the product until the marginal cost and the price are equal. At the P=MC point fi rms maximize their profi ts
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Marginal Utility Suppose Mr. X is hungry and eats oranges one by one. The first orange gives him great pleasure. By the time he starts taking the second‚ the intensity of his desire diminishes to a certain extent‚ and second orange yields less satisfaction. The satisfaction derived from the third will be less than that of the second‚ that of the fourth less than that of the third and so on. In this way‚ the incremental utility will go on decreasing till it drops to zero‚ and if he takes more‚ the
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Healthcare reimbursement is the amount the provider’s office will be paid for their services rendered to a patient. There are different factors that may affect the amount of reimbursement a provider’s office may receive‚ such as charting‚ scheduling‚ diagnosis coding‚ procedure coding‚ evaluation and management codes‚ and claims filing. One of the ways providers can maximize reimbursement is through charting. Making sure all actions throughout the visit is documents is very important in order to
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Inflation In simple language‚ inflation is the rate at which prices increase annually. Essentially‚ prices go up due to two factors: A: cost-push factor B: demand-pull factor Cost-push factor inflation occurs when there is increase in cost of production of an item‚ which then gets translated into a higher price for that item in the market. Demand-pull factor inflation occurs when there is more money with the consumers compared to the total number of goods available in the market. With too much
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