THE COST AND SALES CONCEPT Cost is defined as a reduction in the value of an asset for the purpose of securing benefit or gain. Cost is defined in a hotel and restaurant as the expense to a hotel or restaurant for goods or services when the goods are consumed or the services are rendered. KINDS OF COSTS 1. Fixed costs – are those that are normally unaffected by changes in sales volume. They are said to have little direct relationship to the business volume because they do not change
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section of this report. When completing such experiments‚ there are always controls used to make sure the procedure is followed and that no cross contamination happened. There are two types of controls‚ a positive control that gives a positive result and a negative control that gives a negative result. Although generally in experiments‚ negative results are frowned upon‚ when negative results
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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 can be used to
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Multivariate analysis of variance (MANOVA) is a generalized form of univariate analysis of variance (ANOVA). It is used when there are two or more dependent variables. It helps to answer : 1. do changes in the independent variable(s) have significant effects on the dependent variables; 2. what are the interactions among the dependent variables and 3. among the independent variables.[1] Where sums of squares appear in univariate analysis of variance‚ in multivariate analysis of variance certain positive-definite
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Should Facebook be used for a ground of termination: Sometimes the things one says can prove that people are not fit for the job they hold. The outburst of comments on social media are not private they are viewed by the world. There are many people who are posting offensive and racist remarks in this world today. Although people should be responsible and mature and not be putting down others or expressing yourself and others rudely on media. Yes‚ people have the right to free speech‚ but companies
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they are hurting innocent animals and some people think it’s good because instead of testing it on humans they will test it on animals to check if its safe and they are trying to figure out how to cure some diseases. Animals should not be used for a scientifical research they should not test on animals because it puts animals in danger‚ the next reason is that some people want animal testing and some do not‚ they hurt animals while testing because they inject diseases into them. First of all‚ most
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theorizes or makes logical sense of the relationship among the several factors that have been identified as important to the research problem concerned. To put it simply a theoretical framework involves identifying the network of relationship among the variables considered important to the study .It provides the conceptual foundation to proceed further with the research. The theory is developed based on the documentation of previous research studies undertaken in the relevant study area or similar problems
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Should Death Penalty Be Used For Drug Traffickers in Malaysia? There have been a lot of oppositions against death penalty for drug traffickers although they have posted a great threat to Malaysia. In my opinion‚ death penalty should still be used on drug traffickers in Malaysian. I have a few valid reasons to support my stand. Firstly‚ drug can destroy the lives of million people. There has been cases that a blissful relationship broken into pieces because of drugs.
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successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view serious cost reduction
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Variables Independent variable: The temperature of HCl is going to be changed. The temperature 10℃‚30℃‚50℃‚70℃ and 90℃ of hydrochloric acid will be used to conduct the experiment. The hot plate is going to be used to reach 30℃‚50℃‚70℃ and 90℃‚ that are higher than the room temperature. Ice cubes can be used with water bath to make 10℃ hydrochloric acid. Dependent variable: The time it takes for carbon dioxide gas produces up to 20mL of gas syringe is going to be measured. It will be measured
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