permitted. General scope and definitions The IASB has amended the list of costs that can be included in borrowing costs‚ as part of its 2008 minor improvement project. Will this change anything in practice? The amendment should eliminate inconsistencies between interest expense as calculated under IAS 23R and IAS 39. IAS 23R refers to the effective interest rate method as described in IAS 39. The calculation includes fees‚ transaction costs and amortisation of discounts or premiums relating to borrowings
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Problem 2-43 (35 minutes) 1. San Fernando Fashions Company Schedule of Cost of Goods Manufactured For the Year Ended December 31‚ 20x2 Direct material: Raw-material inventory‚ January 1 $ 40‚000 Add: Purchases of raw material 180‚000 Raw material available for use $220‚000 Deduct: Raw-material inventory‚ December 31 25‚000 Raw material used $195‚000 Direct labor 200‚000 Manufacturing overhead: Indirect material
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CHAPTER 3 ACTIVITY COST BEHAVIOR LEARNING OBJECTIVES AFTER STUDYING THIS CHAPTER‚ YOU SHOULD BE ABLE TO: 1. Define and describe fixed‚ variable‚ and mixed costs. 2. Explain the use of the resources and activities and their relationship to cost behavior. 3. Separate mixed costs into their fixed and variable components using the high-low method‚ the scatterplot method‚ and the method of least squares. 4. Evaluate the reliability of the cost formula. 5. Explain how multiple regression
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The definition of “justified” is having‚ done for‚ or marked by a good or legitimate reason. The second definition is declared or made righteous in the sight of God. The war with Mexico was both of these definitions. It was justified. In 1836‚ Texas had won it’s independence and had become apart of America. Mexico had attacked U.S. soldiers on Texas territory. Polk became president. He believed in Manifest Destiny. Manifest Destiny was the belief that God wanted America to spread across the continent
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< Labor Unions: Were They Justified? > In the late 19th-century‚ a new theory in the field of business and production was emerging. Most commonly known as ‘Social Darwinism’‚ it was a parodical twist of the Darwin theory of natural selection‚ or the ‘survival of the fittest.’ The corruption and the dark sides of business were accepted as a natural process‚ and was not questioned or intervened. In a full-fledged Industrial Age‚ the average American citizen had to try his best to rise from his
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Chapter 8 The Cost of Capital 236 CHAPTER 8—THE COST OF CAPITAL TRUE/FALSE 1. Capital refers to items on the right-hand side of a firm’s balance sheet. 2. The component costs of capital are market-determined variables in as much as they are based on investors’ required returns. 3. The cost of debt is equal to one minus the marginal tax rate multiplied by the coupon rate on outstanding debt. 4. The cost of issuing preferred stock by a corporation must be adjusted to an after-tax
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Marriott Corporation: Questions for HBS case “Marriott Corporation: The cost of capital” 1) Are the four components of Marriott’s financial strategy consistent with its growth objective? In my opinion‚ the four components of Marriott’s financial strategy are consistent with its growth objective. As we find in the case‚ the four components of Marriott’s financial strategy: Manage rather than own hotel assets‚ Invest in projects that increase shareholder value‚ Optimize the use of debt
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Assignment 9: Business Finance (16.0 points) 1. Choose an example of a type of new company you could start‚ and then use this company idea to answer the questions below. You might choose to open a hair salon‚ a babysitting service‚ a record store‚ or many other things. This can be the same type of company you chose in assignment 8‚ or it can be different. a. Describe the type of company you chose. (1-2 sentences. 0.5 points) The type of company I choose would be an exotic pet
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Chapter 9 Student: ___________________________________________________________________________ 1. A stronger Korean won‚ remembering that Kia cars sold in the United States are paid for in dollars‚ means what for Kia? A. a need to hedge Japanese yen B. a use for the Euro‚ a neutral currency C. less profit D. a use for gold to protect against currency fluctuations E. more profit 2. The _____________ is a market for converting the currency of one country into that of another. A. foreign exchange
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major reason to President Obama and the US congress to show extreme desire to intervene military force in Syria. Obama says that a military intervention in Syria is the only way to stop the uprising war‚ and a violence of Assad’s regime. Is this a justified decision? Or there is another reason aiming Obama to do so? This paper examines the possible answers to these questions by analyzing two different articles which consider possible consequences of military intervention in Syria. Finally‚ several reasons
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