11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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Tourism is one of the most effective ways of redistributing wealth‚ by moving money into local economies from other parts of the country and overseas. It brings income into a community that would otherwise not be earned. Economic benefits Economic benefits resulting from tourism can take a number of forms including: 1. Jobs Employment may be associated directly‚ such as tour guide or managerial positions; or in supporting industries like food production or retail suppliers. 2. Increased spending
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Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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Pg. 1. Value #1 Community After over fifty years‚ the value of Community is still important to me. I learned‚ very young‚ how a community can pull together as individuals or groups in order to help resolve problems. As a young boy‚ I came to realize that a community‚ no matter how small‚ was like having lot’s of relatives‚ some who I hadn’t met yet‚ others who I hardly knew‚ but most who I felt would help or support others in the community. I see this value as being a necessity in
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Running head: RESEARCH PAPER Harm Reduction and Substance Abuse Liberty University Abstract This paper examines how harm reduction is a theoretical model which has been proposed to address the harm which is caused by the behavior of an individual‚ not only to themselves‚ but also to the wider community. In particular‚ it looks at how the model has also provided a potential framework for dealing with substance abuse‚ and has been adopted in practice in many countries around the world. This
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All STRATEGY IS LOCAL True competitive advantages are harder to find and maintain than people realize. The odds are best in tightly drawn markets‚ not big‚ sprawling ones. "STRATEGIC" IS THE MOST OVERUSED WORD in the vocabulary of business. Frequently it’s just another way of saying‚ "This is important" The reality is that there are only a few situations in which companies’ strategies affect outcomes. Such situations are‚ however‚ worth trying to create since the alternative‚ achieving superior
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Theoretical Framework Theories on Human Needs in Organization Probably psychologist Abraham Maslow’s proposed the best known theory of human needs in organizations (as citied by Baron and Greenberg‚ 1995). Maslow believes that people‚ in general‚ have five basic categories of needs that are achieved in as specific order: physiological‚ safety‚ social‚ esteem and self-actualization needs. This means that once the most fundamental of all needs is satisfied. Despite
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Effectiveness of Negative Pressure Therapy on Wounds Heather Downey ECPI University Effectiveness of Negative Pressure Therapy on Wounds Negative Pressure Therapy (NPT) is a non-invasive treatment using negative pressure to treat open wounds with the assistance of foam or gauze as the wound filler (Lee‚ 2011‚ p. 114). NPT also goes by the name Negative Pressure Wound Therapy (NPWT)‚ Topical Negative Pressure (TNP)‚ and Vacuum Assisted Closer (VAC). According to Thompson (2008)‚ NPT can be
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LEAD TIME REDUCTION METHODS Ing. Ivana Simeonovova‚ doc. Ing. Simeon Simeonov‚ CSc. Institute of Production Machines‚ Systems and Robotics Faculty of Mechanical Engineering Brno University of Technology e-mail: y78756@stud.fme.vutbr.cz‚ simeonov@fme.vutbr.cz This paper describes methods for reducing the lead time in manufacturing systems. In general‚ there are many methods for reduction of lead time‚ various methods are described in this article. For many manufacturing enterprises is shortening the
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Borneol; An Oxidation-Reduction Scheme Nicolas Gibson Lab Time: Tuesday 11:30 am Abstract: In this experiment‚ the main objective was to synthesize a ketone from borneol via an oxidation reaction and secondly‚ to produce a secondary alcohol from camphor via a reduction reaction. Therefore‚ the hypothesis of this lab is that camphor will be produced in the oxidation reaction and isoborneol will be the product of the reduction reaction because of steric hindrance. For the oxidation
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