a. Some risk associated with holding inventory are that the cost of the inventory until it is sold (money tied up in inventory could be used in other areas)‚ cost to store inventory‚ and the inventory could lose its value if stored to long (degradation‚ no longer in demand). Some benefits associated with holding high inventory are quantity discounts and reduction in lead time to quickly meet customer demand. b. The cost in raw materials will be direct materials and indirect materials not yet needed
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Consumer attitudes to Western fast food restaurants 1. The introduction of the program. I am the manager of a restaurant‚ I plan to affiliate a western fast food restaurant. so‚ I have to investigate the attitudes toward western fast food restaurants in Xi ’an city. Among most western restaurants‚ the KFC‚ the McDonalds and the Pizzahut. Therefore‚ I decide to carry on the market survey. 2. The background and history of the three companies. KFC Corporation (KFC)‚ founded and also known as Kentucky
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Report prepared for Peter Sharpe Prepared on 1 June 2012 This report is made to provide suggestions to Peter Sharpe about the local Redcliffe gift shop and whether he should invest into it or not by using the following financial ratios: Gross Profit‚ Net Profit and Rate of Return on Owner’s Equity. The Gross Profit Ratio tells the business the relationship between gross profit and sales and the amount is used to cover the operating costs of the business. This ratio is calculated by finding
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AYB340 COMPANY ACCOUNTING TOPIC 1 - SOLUTIONS TO TUTORIAL QUESTIONS CASE STUDIES Case Study 1 - Accounting Policies The board of directors has resolved to change the accounting policy for treatment of advertising expenditure. Previously‚ advertising expenditure has been expensed as incurred. Following extensive market research‚ the board has taken the view that benefits from advertising expenditure in the form of product awareness and increased sales will be received by the company
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Lab budgeting and cost accounting under DRGs Medical Laboratory Observer‚ Feb‚ 1985 by W. Glenn Cannon Cost accounting is not a solution to management problems. It is a management tool designed to provide information that facilitates sound decisions. The two primary objectives of cost accounting are 1) to match cost with revenue and 2) to match resource consumption with the units of service provided. Under the DRG system‚ matching revenue with cost and evaluating appropriate utilization levels
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The gilded age was the period of fast economic growth in late 19th century. During that period‚ national railroad and communication network was developed‚ and the corporation became the leading form of business organization. Many small manufacturing factories became corporation and people started to work in those industries rather than in the farm. The wage rate for the skilled worker was better than the many European countries so immigrants from many European countries were came to the The gilded
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Inventory Systems Summary QRB/501 September 21st‚ 2010 Inventory Systems Summary Inventory systems are used in different companies today as a tool to make sure that the company strives into success. Inventory systems serve several functions for businesses; one purpose is promoting the sales function by ensuring that a sufficient amount of product is available for customers. Another purpose is shrinkage control that is monitoring the frequency of loss‚ theft‚ or breakage of products
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Research Project Report “CREATING DIFFERENTIATION THROUGH ADVERTISEMENT AND SALES-PROMOTION IN FMCG”: PROBLEMS FACED BY MARKETEERS” Submitted in partial fulfillment of the requirement for MBA Degree program of U P Technical University‚ Lucknow. by:- MOHAMMAD AZEEM Roll No.: 1101170054 MBA – 4TH Semester UNITED INSTITUTE OF MANAGEMENT ALLAHABAD DECLARATION I MOHAMMAD AZEEN‚ Roll No.1101170054 ‚ a student
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Inventory System of Fruitas Ice Candy Company A Project Presented to the College of Engineering and Technology In Partial Fulfillment of the Requirements For the Subject System Analysis and Design By: Canlas III‚ Jose Jr. Golimlim‚ Arjie B. Indiano‚ Jose R. Jamon‚ Bernie Emmanuel V Melendrez‚ Ma. Ellaine V. Sagun‚ Regine Abigail A. . C041 To: Engr. Elemerito Pineda Date: Abstract Through man’s knowledge and creativity‚ the world has been changed‚ from the prehistoric
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During the period between the great world wars of the first half of the twentieth century‚ military institutions had to come to grips with great technological and tactical innovation. Some succeeded‚ others were less successful and failed to innovate effectively. The most significant obstacles hindering military organization from innovating during the interwar period were rigidity of military organizations‚ the political and strategic environment and limited defense budget. There is no doubt that
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