that year because there was so much creativity around and they were all the right age. (Pentagram) After about two or three years they took a hard look at their business and realized that most of their business was troubleshooting for advertising firms and they decided that wasn’t what they wanted to do. In 1964‚ they were working on an exhibition in Milan with Theo Crosby and they decided to all join forces because more often than not‚ if someone “needed a letterhead” then they also had some kind
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The Bridgeton case introduced a relatively simple costing system: DM‚ DL‚ and one pool of indirect‚ support‚ or overhead costs. The one and only "cost pool" containing all overhead (OH) costs was allocated on the basis of DL$. In this case‚ the direct costs seem to be largely variable (i.e.‚ they vary proportionally with production volume)‚ whereas some of the indirect costs are relatively variable and others are largely fixed. Case in point: Not all INDIRECT costs are necessarily FIXED. To figure
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to suppliers. Liability (D) Bonds payable. Liability (E) Amount earned from selling a product. Revenue (F) Cost of advertising. Expense Part 2 Ex 1-8 (A) An expression about whether financial statements conform with generally accepted accounting principles. – 8 Auditors opinion (B) A business that raised money by issuing shares of stock. – 1 Cooperation (C) The portion of stockholders’ equity that results from receiving cash from investors. – 6 Common Stock. (D) Obligations to suppliers
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Fat is a book written by Michael Moss‚ to inform the audience of the effects of salts‚ sugars and fats on the human race when it is found in foods consumed everyday. Parts of the brain and stimulants such as the bliss point are introduced to inform the reader just how these substances can stimulate the body during the consumption of foods. Large food corporations are brought under fire throughout most of the book as well. The main argument of the book written by Moss is that salt‚ sugar and fat should
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1. Identify all the accounting policy changes and accounting estimates that Harnischfeger made during 1984. Estimate as accurately as possible the effect of these on the company’s 1984 reported profits. 1. Products purchased from Kobe Steel were included in net sales‚ as opposed to only reporting the gross margin on Kobe equipment. These net sales amounted to $28 million in 1984‚ although the amount was insignificant on net income. 2. Financial statements of some foreign subsidiaries
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12-Sep-13 Objectives of firms 1. Profit Maximisation In neo-classical economics it is assumed that the interest of owners or shareholders are the most important. Just as consumers attempt to maximise utility‚ shareholders main motivation is to maximise their gain firm the company. Therefore‚ one of the main objectives of firms is to maximise profit. Profit is the reward for the risk-bearing function of the entrepreneur. The firm is in equilibrium‚ and is maximising profit‚ when it
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A brokerage firm‚ or simply brokerage‚ is a financial institution that facilitates the buying and selling of financial securities between a buyer and a seller. Brokerage firms serve a clientele of investors who trade public stocks and other securities‚ usually through the firm’s agent stockbrokers.[1] A traditional‚ or "fuAn investment brokerage firm is a commercial enterprise‚ which functions like an helps its clients in multiple aspects. An investment brokerage firm acts as an intermediary between
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A. What is the difference between accrual-basis accounting and cash-basis accounting? The difference between the two types of accounting is when revenues and expenses are recorded. In cash basis accounting revenues are recorded when cash is actually received and expenses are recorded when the expenses are actually paid. B. Why would politicians prefer the cash basis over the accrual basis? The accrual basis system deals with deprecation of the value of equipment‚ land and such. Politicians would
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Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
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COURSE ACCOUNTING IA CODE CAC 1107 AIM The purpose of the course is to provide an understanding of the basic concepts and techniques of accounting and their application to business management. The course covers the accounting cycle and assumes no prior knowledge of accounting. The course is intended for those who will use accounting information as managers rather than those who will prepare it as accountants. In appreciation of the question of the semantic value of accounting information
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