describe what profit and loss accounts are. PROFIT AND LOSS ACCOUNT By law business are required to provide annual financial statements‚ which will appear in their company report‚ there are two main types of financial statements‚ one is balance sheet and the other is a profit and loss account. A profit and loss account is a record which can be updated regularly and generally shows businesses transactions made over a period of time (usually within 12 months)‚ An example profit and loss account
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chapter so that instructors wishing to retain the approach used in some earlier editions can do so simply by assigning only the sections preceding ’’Cost Assumptions" initially. Then the rest of the chapter can be assigned just before Chapter 26. One of the common sources of confusion about fixed costs and variable costs is the fact that fixed costs are fixed in total but vary per unit‚ whereas variable costs vary in total‚ but are fixed per unit. It is important‚ therefore‚ that the discussion
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Bio-fuel Industry in Pakistan Analysis of Pakistani Industries This report aims to present a detailed overview of biofuels and also aims to highlight the potential for developing bio-fuels based on the vast agricultural resources available to Pakistan. Omer Butt Institute of Business Administration‚ Karachi 12/29/2011 Preface This report aims at critically analyzing the Biofuels industry and the extent to which research is being conducted to develop biofuels that would be economically
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systems. From an operational standpoint‚ the majority of IT manager responsibilities involve testing the integrity and performance of various information networks and software applications. Of course‚ since technology tends to evolve rather quickly‚ the IT manager must also periodically review and evaluate how current systems and applications are meeting the needs of the company or organization. This means that a successful IT manager should be able to identify and implement new technologies to
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oxidation-reduction reactions. The first part of the experiment measures the standard electrode potentials of five various half cells against the Cu2+(1M)|Cu half cell. The last three half cells are prepared through electrolysis. The electrode potentials of all reactions are positive which means that they are spontaneous. There is a significant percent difference from the theoretical and the experimental standard electrode potentials. The sources of error are incorrect solution preparation and contaminated materials
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1 1.1 The traditional viewpoint of management This concept focuses on efficiency and is split into three main branches‚ namely; bureaucratic management‚ scientific management and administrative management. Scientific management focuses on the – one best way to do the job. Administrative management emphasizes the flow of information in the operation of the organization. The behavioural viewpoint of management Behavioural or human relations management emerged in the 1920s and dealt with the
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The top reason why people decide to leave their jobs are because of ineffective managers. Managing people can be a complex and intimidating task‚ especially for the inexperienced. Keeping a workforce motivated and engaged requires careful planning‚ and consideration. Being an effective manager is about supporting‚ coaching‚ directing and engaging employees. Effective management is the key to retaining good employees long-term‚ which not only make a business run more smoothly‚ but also cuts costs
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One Flew Over the Cuckoo’s Nest By Ken Kesey The mental hospital in Cuckoo’s Nest is home to only a few “lunatics” the rest simply have problems adapting and functioning with society. The main character is R.P McMurphy who is transferred from the Pendleton Work Farm to the mental hospital. The head nurse Ms.Ratched is a character who represents authority. The arrival of McMurphy with his personality and rebellious ways interrupt the hospitals stability
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and skills of a manager in any organization in Bangladesh. To complete the study‚ we conducted an interview with a manager of a reputed organization. The functions‚ role and skills of a typical manager in any organization in Bangladesh have been described below based on the study. WHO IS A MANAGER A manger is an individual who is in charge of a certain group of tasks‚ or a certain subset of a company. A manager is often has staff of people who report to him or her. A Manager is the person responsible
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Systems 1. Managers give “Snap Awards” for individual and team achievements to their teams when they excel or do something outstanding. These are usually given during the quarterly staff meetings where all employees participate and this is followed by a party. 2. There are Annual Achievement Award under four categories: Most Initiatives Best Customer Orientation Best Team Worker Most Innovative. Managers send nominations every year and a task force of senior managers picks the winners
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