management’s social responsibility is not just making profits‚ but should also include protecting and improving society’s welfare. Organizations are responsible for both stockholders and the society. Nau believed that apart from making profits‚ companies have an equal responsibility to create positive social and environmental change. Does Nau’s approach to doing business really match its belief? In the following‚ whether Nau’s approach to running business is ethical and socially responsible will be discussed
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Freezing out profits Synopsis Freezing out profits is an article that discussing on one company which is Cold Cuts Ltd (CC). The managing director for this company is Mr. Dali. It produces Singapore’s only refrigeration parts and specializing in it. He is the one that is responsible for all the decision making that need to be done in the company. CC was essentially a subcontractor of components for customers who were original equipment manufacturers (OEMs). This company not only faced competition
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Nonprofit versus for-profit healthcare and organizations For-profit and not-for-profit hospitals generate revenues through daily operations. For-profit hospitals are able to generate funds through issuing stocks while non-for-profit hospitals do not have this ability. Accordingly‚ non-for-profit hospitals can issue tax-exempt bonds and can accept tax-deductible contributions. Non-profits were created with the intention of servicing the needs of the poor. This subsequently led
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A01 Profit and loss account: A profit and loss account calculates the amount of gross and net profit that a business takes on an annual basis; it also outlines the loss which has occurred through the business‚ through necessary overheads. There are many aspects included within a profit and loss account‚ all of which I am going to briefly explain. It is important to have a profit and loss account within a business to enforce correct usage of the money. The company will be able to see where the business
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Government and Not-For-Profit Environment TRUE/FALSE (CHAPTER 1) 1. F The main objective of a typical governmental or not-for-profit entity is to earn a profit. 2. TA government’s budget may be backed by the force of law. 3. FGovernmental entities have no need for an accounting system. 4. TA government’s internal managers rely on general purpose financial statements for a considerable amount of information about their government. 5. FGovernments and not-for-profits may never engage
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When it comes to for-profit colleges many students end up being in $50‚000 to even a hundred-thousand dollars in debt; making it harder by the day to find a good job-placement after becoming a graduate. The cost of attending a for-profit school is just much‚ as attending a ivy-league school‚ if not more. With most of these colleges having open enrollment‚ this allows the Government to take more/ have access to more money. In my opinion‚ it’s almost a trap in order to lure students into thinking
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unit price and contribution for the product are calculated as $3.02 and $1.66‚ which means that the expense $1‚478‚000. It seems that it is not wise to introduce the product into a larger market which covers 19 cities‚ but a forecast of the sales and profit of the 19 cities market is necessary. Table 2 shows the result of forecasting and the total contribution in the bigger market which is $5‚149‚320. Let us assume that the costs of up-front investment in market research‚ setup/auditing‚ and public relations
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P5 – Profit & Loss and Balance Sheet Profit and Loss Sheet: | |£ |£ | |Sales: | |80‚000 | | | | | |Less Cost of Sales: | | | |Opening stock |32‚000 | | |Purchases |6‚000 | | |Less Closing stock
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Volume 3‚ No. 3‚ March 2012 Journal of Global Research in Computer Science TECHNICAL NOTE Available Online at www.jgrcs.info FAST AND EFFICIENT METHODS FOR PROFIT & LOSS RELATED PROBLEMS (FEM-PLRP) Gaurav Dobriyal* Dept. Of Computer Science‚ Dev Bhoomi Institute of Technology‚ Dehradun (U.K.)‚ INDIA dobriyal.gaurav74@gmail.com* Abstract: This is one of the important or frequent asking lessons in all written examination. In this paper I try to give some of the effective tricks to solve
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Cost‚ Volume‚ and Profit Cost-Volume-Profit (CVP) analysis is a managerial accounting tool that expresses the simplified relationship between cost‚ volume‚ and profit (or loss). CVP analysis is based on several factors and assumptions and uses a formula to express the relationship by equation or graphically and can be used with great effect by managers who understand the limitations of the analysis. Cost-Volume-Profit (CVP) analysis is a managerial accounting tool that expresses the simplified
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