A. If Patty wants to show the bank the maximum profit over the previous 2-year period‚ which costing method should she present? Patty should present the variable costing method because it keeps variable and fixed cost separate. The variable cost is part of the determination of cost of sales and contribution margin.(Blocher‚ 2013) If Patty wants to show maximum profit for the two years then she should chose the marginal costing because it ignores manufacturing overhead. Full costing will demand
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Frederick Winslow Taylor known as the father of scientific management has had a major impact on the way businesses operate today. Born March 20‚ 1856 in Philadelphia‚ Pennsylvania‚ Taylor‚ who had problems with his eyes and could not attend college. Instead‚ he went to work as a laborer in a machine shop. He later worked at Midvale Steel Works and became a manager in addition to attending night school to get a mechanical engineering degree. He saw the inefficiency and waste at his job and decided
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UTS: ENGINEERING AND INFORMATION TECHNOLOGY STUDENT GUIDE AUTUMN 2012 WHERE CREATIVITY MEETS TECHNOLOGY 1 Welcome from the Dean of Engineering and Information Technology Professor Hung Nguyen For students new to the Faculty‚ we extend a very warm welcome to you; and for continuing students‚ welcome back. My colleagues and I in the Faculty of Engineering and Information Technology are here to help you from your very first day of enrolment right through to the day of your graduation. Between
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Is making a bad decision better than making no decision at all? People make decisions of varying importance every day‚ so the idea that making a bad decision is better than making no decision at all is‚ in my opinion‚ the worst case scenario that may occur. When making a decision one has various options‚ risks‚ and is influenced by his surroundings. Firstly‚ decision making involves identifying and choosing alternatives based on the values and preferences of the decision maker. Making a decision
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Ethical Frameworks of Decision Making: A Case Study on Marketing of Pharmaceutical Products. By: Dr. Chandra Singh chandra_singh62@yahoo.com Ph:- +919430466694 Lecturer L. N. Mishra Institute of Eco. Dev. & Social Change‚Patna-1.‚ Magadh University‚ Bodh Gaya‚ Bihar‚ India. Dr. Chandra Singh has teaching experience of more than 22 years. His areas of interest are Marketing research Methodology‚ Research‚ Business Statistics‚ and Quantitative Techniques. He has published a book on the
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with about 10% of consumer demand coming in quarter 1‚ 20% in quarter 2‚ 30% in quarter 3‚ and 40% in quarter 4. about 30% of consumer demand coming in quarter 1‚ 20% in quarter 2‚ 10% in quarter 3‚ and 40% in quarter 4. about 25% of consumer demand coming in quarter 1‚ 15% in quarter 2‚ 30% in quarter 3‚ and 30% in quarter 4. about 15% of consumer demand coming in quarter 1‚ 20% in quarter 2‚ 25% in quarter 3‚ and 40% in quarter 4. about 20% of consumer demand coming in quarter
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that affect consumer behaviour and outline the consumer decision-making process as it relates to Apple iPod Introduction ‘Consumer purchases are influenced strongly by cultural‚ social‚ personal and psychological characteristics’ (Kotler‚ Armstrong‚ Wong & Saunders). This report will investigate the characteristics that affect consumer behaviour and the consumer decision-process as it relates to the purchase of an Apple iPod. This report will be describing and explaining how consumers go through
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3. Research Finding and Conclusion: 1. Table‚ chart‚ calculation and interpretation: 3.1 Customer profile: 3.1.1 Customers’ Age: Age Midpoint (x) Frequency (f) Percentage <18 12 11 11 ≥18<30 24 25 25 ≥30<55 42 47 47 ≥55 67 17 17 Total 100 100 Table 3.1.1: The age of customers (Authors research) Chart 3.1.1: The age of customers Mean = f(x)f = 38.45 Variance = fx2f – x2 = 273.6 Standard deviation = 273.6 = 16.54 Mode 30-55 Median belong to ≥30<55 group SD độ lệch chuẩnMD
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Exercise week 1 (Fin. Accounting) Mr. Sloppy has left you a list of balances with instructions to prepare a closing balance sheet (at end of year) and a profit and loss account both in standard UK format. He has left you with no further instructions: Accumulated profit at beginning of the year Accumulated depreciation at beginning of the year Administrative expenses Cash Corporation tax Cost of sales Current liabilities Debtors Dividends paid Fixed assets Interest expenses Long term liabilities Owner’s
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LA#2: Current topics in Decision Making/ Value Chain and Structuring Problems / This will be done as a pair or as a group of up to three people. Names__Yiping Ma (Jennifer)__/__Jingyi Niu (Claire)__ Date:___Sep 25th 2012____________________________ PART I : Rona - Rona eyes ‘renewal’ of chain after Lowe’s pulls takeover bid According to an article in the National Post: “MONTREAL — U.S.-based Lowe’s may not have ended its cross-border courtship for Rona Inc. despite abandoning
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