Cash Discount on Sales Cash discount is the discount offered by seller for paying cash early. Cash discount is only offered on credit sales where the customers do not pay at the time of sale but promise to pay latter. There are two methods of accounting for sales that offer cash discounts; the gross method and the net method. These two methods are explained with the help of the following example: Example Suppose Company A sells certain goods at a price of $4‚400 with terms of payment
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J Bus Ethics (2014) 123:11–22 DOI 10.1007/s10551-013-1796-x Corporate Social Responsibility in Global Value Chains: Where Are We Now and Where Are We Going? Peter Lund-Thomsen • Adam Lindgreen Received: 28 June 2013 / Accepted: 2 July 2013 / Published online: 10 July 2013 Ó Springer Science+Business Media Dordrecht 2013 Abstract We outline the drivers‚ main features‚ and conceptual underpinnings of the compliance paradigm. We then use a similar structure to investigate the drivers‚ main features
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Theory X and Theory Y was an idea devised by Douglas McGregor in his 1960 book “The Human Side of Enterprise”. It encapsulated a fundamental distinction between management styles and has formed the basis for much subsequent writing on the subject (Economist. 2015) The theories look at how a manager’s perceptions of what motivate his or her team members affect the way he or she behaves. By understanding how your assumptions about employees’ motivation can influence your management style‚ you can adapt
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All About Vertical Motion! Hey! I know the vertical motion model can be hard‚ but once you get the hang of it‚ it’s a piece of cake. Math is all about using your prior knowledge‚ plugging it into what you know‚ to solve for what you don’t know. The vertical motion model is made up of the velocity‚ and height. The equation is -16t2 + vt + h. V is equivalent to the velocity‚ and h is equal to the height. The vertical motion falls under the influence of gravity
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transferred to Pareto chart for further analysis. A Pareto chart‚ also called a Pareto distribution‚ is a vertical bar graph in which values are plotted in decreasing order of relative frequency from left to right. Pareto charts are extremely useful for analysing what problems need attention first because the taller bars on the chart‚ which represent frequency‚ clearly illustrate which variables have the greatest cumulative effect on a given system. One of the purposes of the Pareto chart is to identify
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an Italian economist credited with establishing the Pareto Principle. Pareto charts provide facts and insights necessary for setting priorities. Pareto charts assist teams to focus on the smaller number of the causes of problems in order to aid in decision making. Pareto charts organize and display information. They are a form of vertical bar chart. Attributes are discussed. Suggestions on when to use a Pareto chart are made. Pareto analysis is one way to determine major causes of particular
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Horizontal Analysis Investors and managers need to understand how well a company is doing in order to make decisions. Investors have to make the decision whether or not they want to invest or sell their current investment. Management needs to know what moves to make in order to improve the future performance of the company. Horizontal analysis is a historical comparison of the financial statements. It compares financial reports from one accounting period to another. The main point of performing
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THEORY X‚ Y AND Z IN NURSING ADMINISTRATION According to Mc Gregor‚ the traditional manager in a bureaucracy operates on a set of assumptions about human nature and human behaviour‚ which was called as Theory X. Accordingly‚ his assumptions are the following: (1) the average human being has an inherent dislike of work and will avoid it‚ if he can‚ when possible; (2) Because of dislike of a work‚ most people must be coaxed‚ controlled‚ directed‚ threatened with punishment to get through
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McGregor’s theory X and theory Y McGregor developed two theories of human behaviour at work: Theory and X and Theory Y. He did not imply that workers would be one type or the other. Rather‚ he saw the two theories as two extremes - with a whole spectrum of possible behaviours in between. Theory X workers could be described as follows: - Individuals who dislike work and avoid it where possible - Individuals who lack ambition‚ dislike responsibility and prefer to be led - Individuals who desire
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want to do‚ whether manager‚ a consultant‚ entrepreneur etc. Take your pick and think deeply about it. Once you have ascertained what you will be doing‚ try focusing on some aspects further‚ now by researching your interests and responsibilities arising out of the role that you will be playing. I guess now you hold a clear picture what you will be doing‚ subject to change of course. So the answer finally (whew!): Show foresight stating the role you want to fill as of a leader (manager‚ project
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