Q1: explicit costs and implicit costs concepts Explicit Cost Explicit cost is defined as the direct payment which is supposed to be made to others while running business. This includes the wages‚ rents or materials which are due in the contract. The explicit cost is the expense done in business which can easily be identified and accounted for in the business at any stage. The explicit cost represents the out flows of cash in clear and obvious terms. When any out flow of credit occurs in a business
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The Dangers of Genetically Modified Organisms In 1980‚ the first GMO patent was issued through a U.S. Supreme Court ruling. A mere thirty-five years later this fairly new discovery is readily available in an over-abundance to consumers for consumption. Genetically Modified Organisms have been developed because they do not follow the natural laws of crop production. They have been engineered for herbicide tolerance and rapid growth among other purposes. The Food and Drug Administration has stated
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Report on debate TOPIC: GENETICALLY MODIFIED FOOD CROPS [AGAINST] SUBMITTED BY: GROUP V1 T.SOWMYA K.HIMA BINDU DIVYA TEJASWI.U P.L. K.KEERTHI M.ANUSHA M.SATISH TABLE OF CONTENT INTRODUCTION WHAT IS GENTICALLY MODIFIED FOOD? WHAT ARE THE EFFECTS OF GMO FOOD? ETHICAL & SOCIAL ISSUES ALARMING EFFECTS RECOMMENDATIONS CONCLUSION REFERENCES INTRODUCTION In today’s world there are as
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Cost allocation for indirect costs Cost Pool – Set of costs that are added together before being allocated to cost objects on some common basis Cost Driver/ Allocation base Cost Object Cost Driver Rate = Total Costs in Pool/ Total Quantity of Driver Where total quantity of driver = practical capacity of driver Cost of excess capacity = Cost Driver Rate * Excess capacity Predetermined overhead rate - cost per unit of the allocation base used to charge overhead to products. Predetermined
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professional conduct is clear that an accountant should follow all the six principles so that a healthy work environment could be created in the interest of the company‚ society and nation. The second discussion is focused on evaluation of ethicality of accounting activities. Manipulating the financial statements for personal interest or for loyalty towards company or its executives is unethical and the person responsible for such act will be punishable. Misstatement of financial statements is ethically wrong
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Section C-Evaluation of Sources OPVL # 1 Origin: This document is a secondary source because the author used many sources to create this document. It was written by David Horner and published by Rosen Publishing in 2010. Purpose: The intended audience for this document is people who are interested in learning about World War II in the Pacific. The purpose of this book is to document Japan’s expansion and the war in the Pacific between US and Japan. Value: We can verify the content
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92. COMELEC Employees’ Walk-Out. technicians of the Commission on Elections walked out of their jobs after they were ordered to cheat the election returns in favor of President Marcos. 93. Military mutiny. February 23‚ 1986. Defense Minister Juan Ponce Enrile and AFP Vice Chief People administration. administration soldiers. Two days after‚ President Marcos went on exile to Hawaii. 94. Oath-taking of Corazon C. Aquino‚ the senator’s widow‚ and Salvador H. Laurel as President and
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World War II is considered by many people as the worst global confrontation since time began. The war was started by radical nationalism and individual egos; the very thing Adolf Hitler and the Japanese believed was the root of most problems in the world. The sources in the textbook had similar aggression against westernization. In the first source‚ Hitler’s Mein Kampf detailed a concept of “survival of the fittest.” The jailed World War I veteran describes a racial war—with his Aryan race as the
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customers has vastly increased making it much more difficult to keep track of the finance and performance. This is where accounting plays its role of systematically recording‚ reporting and analysing the financial transactions of a business. This essay aims to compare and contrast the roles and responsibilities of a management accountant with that of a financial accountant. Accounting allows a company to analyse the financial performance of a business and represent its position through past and future
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GMO stands for Genetically Modified Organisms. This means they undergo a certain forced process where they are introduced to bacteria and viruses to receive different traits to resist diseases or the tolerance of pesticides. GMO crops have been in the news for a very long time and it’s safe to say there are some pretty heated arguments about the topic. These foods that have been introduced to GMO have been tested with the World Health Organization and humans are safe to consume them. All living
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