INTERNATIONAL B-SCHOOL SUBJECT: FINANCIAL & COST ACCOUNTING Total Marks: 80 N.B.: 1)Allquestionsarecompulsory 2) All questions carry equal marks. Q1) ABC Ltd. Produces room coolers. The company is considering whether it should continue to manufacture air circulating fans itself or purchase them from outside. Its annual requirement is 25000 units. An outsider vendor is prepared to supply fans for Rs 285 each. In addition‚ ABC Ltd will have to incur costs of Rs 1.50 per unit for freight and Rs 10‚000
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Choosing the Right Business Entity By Rosa Martinez Professor Smith English 315 February 24‚ 2012 TRANSMITTAL TO: Small Business Owners FROM: Rosa Martinez DATE: February 24‚ 2012 ------------------------------------------------- SUBJECT: Choosing the Right Business Entity ------------------------------------------------- Enclosed is the Justification Report covering information related to different types of entities that could be chosen to establish a business. Furthermore
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Background Research I’m doing my science project on which food wrapping will prevent freezer burn the best aluminum foil‚ plastic bags‚ or freezer paper. This experiment seemed interesting to me because a lot of people get freezer burn on their foods. My mother also gets freezer burn on her foods a lot and she always tries different food wrappings but none of them seem to work. This project will benefit people from getting freezer burn on their food‚ and so they will know which wrapping
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King‚ Martin Luther‚ Jr. “Letter from a Birmingham Jail.” Ed. Ali B. Ali-Dinar. African Studies Center. University of Pennsylvania‚ 2010 Web. 20 Feb. 2012. Martin Luther King Jr in " A Letter from a Birmingham Jail" starts off by saying that he doesn’t care about everyones criticism‚ his actions that leads to him being in jail is necessary to show injustice in the country. If he only cared to respond to others criticism‚ he would get nowhere. Although‚ he thinks of the Clergymen as kind people
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The Meaning Of ‘True and Fair’ The expression ‘true and fair’ is one of the most common expressions used in the financial industry today. It is used to describe the required standard of financial reporting but equally to justify decisions‚ which require a certain amount of arbitrary judgement making. It is the principle that is used in guidelines ranging from auditing and financial standards to the company law acts. The term originated … The aim of the financial statements
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go through the motions‚ but to be good citizens we should believe in‚ protect‚ and defend the freedoms we were granted when this country was founded. These freedoms were based on what the founding fathers valued‚ and these values are the foundation of our democracy. What I value most as an American is justice‚ equality‚ and individual rights. First‚ justice is similar to the idea of fairness. This means there are consequences for both good and bad. If a person does something good‚ they should be
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Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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23‚ 2012 Article Summary: Strategic Cost Management: The Value Chain Perspective Authors of this article do not believe the concept of “value chain” has been written about enough or clearly enough and therefore attempt to state the importance of the value chain on strategy from a managerial accounting perspective. Michael Porter first wrote about this in 1985. [ (Porter‚ 1985) ] They believe that any organization must understand the entire value chain for the entire industry in order to
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workplace attribute is compensation‚ (The Increasing Call for Work-Life Balance‚ 2009). Not only must wages be set high enough to motivate and attract good talent‚ they must also be equitable—that is‚ the wage must accurately reflect the value of the labor performed. Fair and equitable compensation is a crucial factor in the success of an organization. It is important because it is a tool that is used to recruit‚ maintain‚ and motivate their employees to contribute to the organization’s success. As discussed
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Cost Control and Cost Reduction A business enterprise must survive‚ grow‚ and prosper. Cost Control and Cost Reduction are activities necessary for ensuring that these objectives are fulfilled. With the liberalization of the Indian Economy and Globalization‚ there is now a cut throat competition from various concerns of the world. As a result there is now a race to secure a place for survival. This has increased the importance of cost control and Cost Reduction. Cost Control “Cost control
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