CHAPTER 5: ACTIVITY-BASED COSTING AND CUSTOMER PROFITABILITY ANALYSIS QUESTIONS 5-1Undercosting a product may appear to have increased the reported profit the product earned (assuming the firm did not lower its selling price because of the reported lower product cost). However‚ the increased profit is‚ at best‚ a twist in truth. Costs of the product not charged to the product itself are borne by other products of the firm. Worse‚ undercosting a product may result in managers erroneously believing
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Rapid inflation greatly reduces the use of money so money loses its value. Since people only accept money in exchange for services and goods and money will keep its value until it is spent so therefore people revert to barter during inflation. #6 What is meant when economists say that the Federal Reserve Banks are central banks‚ quasi-public banks and banker’s banks? They are central banks whose policies are coordinated by the Board of Governors. They are quasi-public banks because they are
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EXERCISES FOR MICROECONOMICS TOPIC 1 Economics: An Introduction (Chapters 1 & 2 in the Textbook) EXPLAIN THE FOLLOWINGTERMS ◎ Average benefit ◎ Average cost ◎ Economic surplus ◎ Economics ◎ Microeconomics ◎ Macroeconomics ◎ Marginal benefit ◎ Marginal cost ◎ Normative economics ◎ Positive economics ◎ Rational person ◎ Sunk cost ◎ Opportunity cost ◎ Absolute advantage ◎ Comparative advantage ◎ Attainable point ◎ Unattainable point ◎ Efficient point ◎ Inefficient
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The t-test for dependent groups is a parametric analysis technique used to determine statistical differences between two related samples or groups. Groups are dependent or related because they were matched as part of the design to ensure similarities between the two groups and thus reduce the effect of extraneous variables. For example‚ two groups might be matched on gender so an equal number of males and females are in each group‚ thus reducing the extraneous effect of gender on the study results
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Unit 6: Understanding child and young persons development(1.1) Developmental area: Communication and language Age of child Expected pattern of development 0-1 years 1-2 2-3 0-1 Baby can suck and swallow from birth. There are several noises a baby can make‚ squeaks grunts‚ and also attempts are made in response to adult stimulation. Baby becomes
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Derivative Securities Dr. Huiyan Qiu TVM and No-Arbitrage Principle: practice questions and problems Work on the following problems to check your knowledge on the time value of money and no-arbitrage principle. 1. An interest rate is quoted as 5% per annum with semiannual compounding. What is the equivalent rate with (a) annual compounding‚ (b) monthly compounding‚ and (c) continuous compounding? 2. An investor receives $1‚100 in one year in return for an investment of $1‚000 now. Calculate
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Business Statistics Problem Set # 8 Due Monday December 1st 1. You have data on three variables for college graduates: years of work experience‚ student GPA and monthly salary after graduation in $. You collect data from 6 students. Student Years of Work Experience GPA Monthly Salary ($) 1 3 2.6 3300 2 0 3.4 3600 3 4 3.6 4000 4 1 3.2 3500 5 2 3.5 3900 6 5 2.9 3600 Following are the regression results for the data using Excel. In this problem‚ you will be interpreting the regression results
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Week 2 Individual Assignment Chapter 1 – Exercises 1-1 1. A 3. D 4. C 5. B 7. D 8. C Chapter 2 12. What is a CAFR? What are its main components? A CAFR is the Comprehensive Annual Financial Report for cities‚ states‚ and counties. This report summarizes the agencies financial statements as well as demographical information for a wide list of users such as taxpayers. The three main components of a CAFR are the introductory section‚ financial section‚ and statistical section. The introductory
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Unit 004 Children and Young People’s Development The table below shows at what stage’s the expected pattern of development for children will occur. The development areas cover Physical‚ Communication‚ Social‚ Emotional and Behavioural Development. Physical Development This is an area of development‚ that is often assumed will come automatically as the child grows. Although children develop many skills naturally it is important that they are given the opportunity to develop in a variety of ways
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2. Background: G-7/8 Summits and the European Union 2.1. G-7/8 Summits The Group of Seven or Eight is informal gathering of the head of states of leading industrial countries. The first summit was held in Rambouillet in 1975 at the initiative of French President Valéry Giscard d’Estaing and German Chancellor Helmut Schmidt. The members were France‚ Germany‚ Italy‚ USA‚ Japan and the United Kingdom. A year later‚ Canada was included making it a Group of Seven (G-7). In 1998 Russia was included to
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