There are various methods in the accounting world used to keep track of inventory and cost of goods used. FIFO stands for first in first out method which is the opposite of LIFO‚ last in first out. Both methods have disadvantages and advantages when it comes to tax time or preparing a financial statement for the investors. As the name suggest‚ FIFO will account inventory that came in first will be sold first. This method is effective for companies selling products with expiration dates. Obviously
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FINS 5550 / FINS 3650 — International Banking Recap 04A — Credit Transformation and Credit Risk Credit Risk More than eighty percent of the average bank’s capital is held against credit risk. If credit risk accounts for >80% of the bank’s inventory cost‚ it’s a fair bet that credit transformation accounts for a similarly large portion of bank profits. Credit risk arises whenever the bank has an exposure which requires a counterparty to remit funds. The exposure can arise from a loan or loan-type
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April 7‚ 2015 Bilkent University Department of Industrial Engineering IE 262 Homework 3 Due Date: April 17‚ 2015 (Friday) 1. A hydraulic forging press is capable of exerting a maximum force of 1‚000‚000 N. A cylindrical work part is to be cold upset forged. The starting part has a diameter of 30 mm and a height of 30 mm. The flow curve of the metal is defined by K=400 MPa and n=0.2. Suppose that the coefficient of friction between the work part and the die is 0.1. a. In Excel‚ plot a graph of forging
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Trent Bartling SOC 270 Reflective Paper 5 12/3/05 1. What do you consider to be the most valuable information you got from this class? Why do you consider this most valuable? I think that the most valuable thing that I took from this class is the fact that racism is still very much a major part of our society. Growing up in rural Iowa I always new that there were racist people‚ but I never knew how the racism actually affected our society and how strongly it influences such things as government
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Describe & analyze how the influence of culture played a role in the negotiations The Affordable Care Act is designed to expand insurance coverage‚ control costs‚ and target prevention (Gable‚ 2011). The government is targeting adults aged 19-64‚ since their access to health care and use of health services deteriorated between 2000 and 2010‚ particularly among those who were uninsured (Kenney‚ McMorrow‚ Zuckerman‚ & Goin‚ 2012). The goal is to reduce the number of uninsured adults through a Medicaid
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Strategic Plan‚ Part III: Balanced Scorecard Laurie Waldrep BUS/475 June 11‚ 2013 Dr. Koshy Joseph-Vaidyan Strategic Plan‚ Part III: Balanced Scorecard The Balanced Scorecard is a technique used in strategic planning and management system used comprehensively worldwide in business management‚ government entities and non-profit organizations to align the organizational performance to the corporate vision and its strategic goals. It is “A set of four measures directly linked to a company’s
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Can we connect the dimension of masculinity versus femininity to the two key forms of negotiations? Could it also be connected to other dimensions such as individualism and power distance? As already noted‚ this dimension is not about gender roles per se‚ but rather about characteristics typical of masculine and feminine approaches and attitudes toward dispute resolution. Masculinity (MAS) v. Femininity Hofstede’s Masculinity dimension focuses on the degree to which a culture reinforces traditional
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DQ 1 Week4 You notice that your accounts receivable days outstanding have doubled in the first 6 months. Do you give someone a bonus or put him or her on probation? Why? Just because the accounts receivable days outstanding have doubled in the first 6 months does not mean that someone gets a bonus or is put on probation. There is not enough information given in this question to warrant such action. This type of action is jumping to conclusions and assuming without the evidence to substantiate
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Sociology 205 Week 1 Assignment 1 Denise M Shaffer Strayer University First degree murder is defined by federal and state laws as a killing which is deliberate and premeditated. Many states define it as a killing committed in connection with felonies such as rape‚ burglary‚ arson or involving multiple deaths‚ the killing of certain types of people ( such as a child or police officer)‚ or certain weapons particularly a gun[1]. First and second degree murder are distinguishable by the fact
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EULA (End User License Agreement) is the software license agreement which is the term contract between the owner and the user . In other words one can say that EULAs are attempts to tie the customers to the established rules or the strict rules and the contract which says the hidden things of the particular software. Most EULA form contracts are in the digital form and the user may not understand it until they purchase the particular software. Therefore‚ initially they go for click through button
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