ASSIGNMENT BRIEF Introduction This unit will give learners a foundation in financial principles and techniques relevant to the strategic management process. It encourages learners to explore the nature of cost-based financial data and information‚ the impact of the budgeting process on the organisation‚ and the development of cost reduction and management procedures and processes. It also focuses on the management of these costs through the use of forecasting‚ appraisal and financial reporting
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Chapter 16 Managerial accounting concepts and principles 1) Direct costs are identified with and can be traced to a cost object. Indirect costs cannot be identified with or traced to a cost object. 2) Costs by function: A) Product costs consist of manufacturing costs: direct materials‚ direct labor and factory overhead. B) Period costs consist of selling and administrative expenses. 3) A) Prime costs which consist of direct materials and direct labor costs. B) Conversion costs which consist
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marks. 1. a. Explain the following accounting concepts and illustrate each with an example: i. Historical cost ii. Stable monetary measures (5 marks) b. For each of the independent situations described below‚ list the accounting principle or concept that has been violated and give your explanation: i. Andy Company accrued interest expense on the personal bank loan of the owner at year end. ii. Perfect Repairs adopts a policy of charging hand tools with small unit costs
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Le Chatelier’s principle and chemical equilibrium systems Jan Samuel Matuba‚ Mark Cel Gonzaga Chemical Engineering Department‚ College of Engineering‚ University of the Philippines‚ Diliman 1100 ------------------------------------------------- January 11‚ 2012 DISCUSSION Reaction rates determine the speed at which products are formed from the reactants. Expressed as concentration divided by time‚ reaction rates measure the rate of disappearance of the reactants‚ and‚ conversely‚ the rate
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P1-9A Bennett’s Home Renovations Income Statement Month Ended December 31‚ 2011 Revenue Service Revenue $ 154‚700.00 Expenses Interest 1‚190.00 Supplies 2‚975.00 Salaries 87‚430.00 Vehicle Maintenance 19‚545.00 Total Expenses 111‚140.00 Profit $ 43‚560.00 Bennett’s Home Renovations Statement of Owner’s Equity Month Ended December 31‚ 2011 J. Bennett Capital‚ January 2011 $ 54‚350.00 Add: Investments
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1. A major advantage of the partnership form is that the personal assets of the partners are protected from creditors in case of legal action- False 2. A partnership is considered an “entity” for accounting purposes- True 3. “Mutual agency” means that one partner can legally bind all the other partners to a contract if it appears that he or she is acting appropriately- True 4. Partners are taxed on their drawings regardless of their share of the income. False 5. If a partnership agreement
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1. Short summary of the film.- Dorothy and her dog Toto are caught in a tornado’s path and somehow end up in the land of Oz. Here she meets some memorable friends and foes in her journey to meet the Wizard of Oz who everyone says can help her return home and possibly grant her new friends their goals of a brain‚ heart and courage 2. The film’s genre. - Fantasy‚ Children’s novel 3. Major character’s conflict and change. - Dorothy only considers herself as an ordinary girl‚ but she is more. She liberates
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in the representation of gender in your chosen films. Gender roles are central issues within the musicals The Wizard of Oz (Victor Fleming‚ 1939) and Hairspray (Adam Shankman‚ 2007). The differences between the representation of males and females may‚ in part‚ be as a result of the shifting ideologies in the USA in two different historical periods. In the Wizard of Oz‚ the central protagonist (Dorothy Gale) is a female. At the start of the film‚ Dorothy is shown to be “in the way” of the male
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Generally Accepted Accounting Principles (GAAP) is a standard guidelines and accounting rules that companies used to prepare‚ present‚ and report financial information. By following this framework‚ companies can ensure that any financial information presented is uniformly consistent‚ relevant‚ feasible and objective. Through this standardization‚ corporate financial information can more readily be reviewed and interpreted by investors‚ stockholders‚ banks and other potential creditors and also promotes
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The Wizard of Oz‚ by L. Frank Baum tells the tale of a young girl Dorothy as she wanders through the land of Oz. In the original movie adaptation‚ Dorothy kills the Wicked Witch of the East causing the Wicked Witch of the West to avenge her sister by making Dorothy pay. The Wicked Witch of the West has become a common archetype for the definition of a “wicked witch” with her long nose‚ green skin‚ and black hat. Both the novel and movie portray the witch as an evil relentless character to be disliked
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