of coffee: robusta‚ which is easier to grow but extremely acidic‚ and arabica‚ which has a lower yield time but milder in flavor. Robusta is produced mainly in Asia and some countries of Africa. This is primarily an instant coffee for espresso and local consumption. Arabaca is used for roasted ground coffee and compensates for two-thirds of coffee produced. This oversupply of coffee is particularly significant because it’s flooding the marketplace with cheaper‚ lower quality coffee. The coffee
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“Cash for Clunkers” Tina Darling Econ 101 Cash for Clunkers The government tries to implement programs to assist individuals in living a better life. In 2009 a program called Cash for Clunkers or CARS (Consumer Assistance to Recycle and Save Act) was created to help get older cars off of the road. This program allowed individuals to voluntarily trade in and purchase vehicles under this act. This program helps consumers pay for a new‚ more fuel efficient vehicles from participating dealers when
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Underground as a dancer. Thereafter‚ he produced many albums that were heard throughout the country. Tupac’s stunning talent also got him a role in the motion picture‚ "Juice". In November 1994‚ Tupac was shot five times during a robbery in which thieves robbed Tupac’s jewelry. He miraculously recovered from his injuries only to produce one of his most impressive albums‚ "Me Against the World". After this‚ he produced his best album‚ "All Eyez on Me‚" which has sold over six million copies. On September
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Chapter 5: Cost Behavior: Analysis and Use As we shall see in later chapters‚ the ability to predict how costs respond to changes in activity is critical for making decisions‚ controlling operations‚ and evaluating performance. Three major classifications of costs were discussed in this chapter—variable‚ fixed‚ and mixed. Mixed costs consist of variable and fixed elements and can be expressed in equation form as Y = a + bX‚ where X is the activity‚ Y is the cost‚ a is the fixed cost element‚ and
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| | | | Points Received: | 4 of 4 | | Comments: | | | | 3. | Question : | (TCO 1) A retailer purchased some trendy clothes that have gone out of style and must be marked down to 40% of the original selling price in order to be sold. Which of the following is a sunk cost in this situation? | | | Student Answer: | | the current selling price | | | | the original selling price | | | | the original purchase price | | | | the anticipated profit | | Instructor
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through 3. The following data for ABC Ltd pertain to the production of 3‚000 skate gaurds during April. Direct Materials (All materials purchased were used): Standard cost: $9.00 per meter. Total actual cost: $5‚985. Standard cost allowed for units produced was $5‚400. Materials efficiency variance was $270 unfavourable. 1) The flexible budget amount expressed in number of input units per output unit is: a) 0.20 meters b) 0.21 meters c) 0.19 meters d) 600.00 meters e) None of the above 2) The materials
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Viña San Pedro Viña San Pedro (VSP) was the third largest winery in Chile‚ with 1998 sales of 37 billion Chilean pesos (CP). Bonifacio Correa had planted the original vines with French stock in 1865 on the farm in Molina that the family had owned since 1701. For years‚ VSP wines enjoyed a reputation of being one of the finest in the country‚ and the vineyard remained in the Correa family until 1941. New owners expanded the vineyard so that by 1994‚ 1‚150 hectares1 were in production‚ making it the
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Week 01 APPLICATION: JOB-ORDER COSTING EXERCISE2-1 the work of Management and Managerial and Financial Accounting 1. WHEN DIRECTING AND MOTIVATING‚ MANAGERS MOBILIZE PEOPLE TO CARRY OUT PLANS AND RUN ROUTINE OPERATIONS. 2. The plans of management are expressed formally in BUDGETS 3. PLANNING consists of identifying alternatives‚ selecting among the alternatives the one that is best for the organization‚ and specifying what actions will be taken to implement the chosen
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Roland Barthes is trying to inform the reader about the influence of French toys on children and how those toys have lost their creative side as more toys were produced to mimic the adult life. All the traits that French people acquire are created by the society and those particular traits are socialized into the toy that is being produced. Barthes states in his essay that " The fact that French toys literally prefigure the world of adult functions obviously cannot but prepare the child to accept
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this context you need to take some critical assumptions if you are unable to procure the relevant quantitative details. The quantitative details you will need are as follows: 1. Industry aggregates of the Units Produced and Sold 2. Chosen Firm level details of the Units Produced and Sold. 3. Input Output Ratio. This will need assumptions and perhaps be restricted only to the materials. You need to perform a reasonable amount of research to obtain these numbers. Quantitative details may be provided
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