SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 7-1 The correct order is: 1. 2. 3. 4. Identify the problem and assign responsibility. Determine and evaluate possible courses of action. Make a decision. Review results of the decision. BRIEF EXERCISE 7-2 Net Income Increase (Decrease) ($ 35‚000) (25‚000) $ 10‚000 Alternative A Revenues Costs Net income $150‚000 100‚000 $ 50‚000 Alternative B $185‚000 125‚000 $ 60‚000 Alternative B is better than Alternative A. BRIEF EXERCISE 7-3 Net Income
Premium Variable cost Costs Total cost
Multiple Choice Questions 1. Which of the following statements is true? A. The word "cost" has the same meaning in all situations in which it is used. B. Cost data‚ once classified and recorded for a specific application‚ are appropriate for use in any application. C. Different cost concepts and classifications are used for different purposes. D. All organizations incur the same types of costs. E. Costs incurred in one year are always meaningful in the following year. 2. Which of the following
Premium Costs Variable cost Fixed cost
microscope which uses light to image the sample. Other major types of microscopes are the electron microscope (both the transmission electron microscope and the scanning electron microscope) and the various types of scanning probe microscope. Microscope 1. An optical instrument‚ consisting of a lens‚ or combination of lenses‚ for making an enlarged image of an object which is too minute to be viewed by the naked eye. Parts and Specifications Historians credit the invention of the compound microscope
Premium Lens Microscope Electron microscope
Disadvantages 1. Makes no assumptions about how the goods are issued. 1. More challenging to calculate 2. Valuation of closing stock will be close to the latest price. 2. A new average must be calculated with every purchase 3. Average price is mainly affected by the amount bought at the different prices. 3. The calculated average does not represent any actual price paid for the stocks Fig. 1 Advantages and disadvantages of AVCO method and stock valuation Worked example 1: Information
Premium 1966 1982 2008
The role of the practitioner in supporting the learning needs of children is they have to do regular assessments on their development and learning to identify their progress and plan their next steps Beaver‚ et .al‚ (2008). The Early Years Foundation Stage (EYFS)‚ (2008) states that the role of the practitioner is crucial in observing and reflecting on children’s spontaneous play‚ building on this by planning and providing a challenging environment which supports specific areas of children’s learning
Premium Developmental psychology The Child Child
My original purpose for beginning this education was to achieve a master’s degree. I had no thought process put into the idea except simply achieving the degree. As time progressed into my first semester my competitive nature kicked into gear. I did not just want to achieve a degree and slide by the next two years I wanted to excel. I had found my drive again and I wanted to soak up everything I possibly could about technology. A considerable amount of time and effort needed to be put forth
Free Education
Dawn Clark Diploma level 5 in Leadership for Health and Social Care Unit SHC52 – Promote Reflective Practice Outcomes: 4.1‚ 4.2‚ 4.3 and 4.4 Within my role as Manager of a Nursing Home I am frequently involved in situations whereby I need to make decisions and act quickly. The role demands strong leadership skills‚ financial management skills‚ and the ability to deal effectively with many people from many different backgrounds and on different levels. The manner in which I deal
Free Reflection Reflections
MT5012 Marketing of High-Technology Products and Innovations Idea Generation QRMS of Shipbuilding Industry in SG —Marketing Legends MT5012 Marketing of High-Technology Products and Innovations Quality Record Management System‚ Idea Generation stage Agenda Introduction! - -Quality Record Management System ! Environment! -Macroenvironment -Microenvironment ! Conclusion! -Marketing Objective Introduction Environment Conclusion MT5012 Marketing of High-Technology
Premium Marketing Marketing strategy Management
Final Assessment Question 1 Carey Manufacturing‚ Inc.‚ is considering reorganizing its plant into manufacturing cells. The following estimates have been prepared to evaluate the benefits from the reorganization: Before the change After the change Total annual sales $ 700‚000 $850‚000 Costs as percentage of sales: Direct materials 10% 9% Direct labor 6% 4% Support costs 9% 7% Work-in -process inventory $200‚000 $120‚000 Inventory carrying costs are estimated
Premium Costs Cost Budgets
Principles of safeguarding and protection in health and social care (HSC 24) Section 1 How to recognise sign of abuse Physical abuse happen when is involved contact planned to cause bodily harm‚ feelings of intimidation. The signs are physical suffering or injury‚ injuries that are the shape of objects‚ injuries in a variety of stages or injuries that have not received medical attention. A person is being taken too many times or different places to receive medical attention‚ skin infections
Premium Abuse Child abuse Social work