In economics‚ the point of profit maximizing and loss minimizing is called MR=MC. This point is where marginal revenue equals marginal cost‚ meaning that cost does not exceed revenue and revenue does not exceed cost. This is a profit-maximizing zone‚ meaning that total cost is not the lowest‚ but is farthest away from the total returns. The optimal point of production for the firm is at the point MR=MC. Marginal revenue is defined as the change in total revenue as a result of producing an additional
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whatever it is can wait‚ come back over here.” “It’s probably Zeek or Roman. I forgot to tell them we were back‚” What I thought was voice mail is actually a text and when I open it up I knew I was going to have a lot of explaining to do. I’d been in Minors Fork for less than a day‚ back together with Kane a little over twenty-four hours and my world is going to go to shit all because of fucking Menendez—again! Lost in my pissed off thoughts‚ Kane rips the phone from my hands before I can close the
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League of Nations: Fact file After the end of the Great War (WW1) the League of Nations was established with the aim to end warfare throughout the world. The idea was suggested by the American President Woodrow Wilson‚ in his 14 point plan. The premise of the League was‚ to improve international cooperation‚ peace and security through the world. Other things mentioned in its covenant were: 1. That all treaties would must a have registration to prevent secret alliances 2. The reduction and control
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other people‚ it is a language. A language that I have been constantly speaking‚ writing‚ listening to‚ and learning for the short end of five years. A language I have a deep passion for. The language of League of Legends. I can remember the first day that I was graced with the knowledge that League of Legends existed like it was yesterday. I was bored‚ foaming at the mouth for the taste of a new experience. With a bit of searching on the internet I stumbled upon it. I had no high hopes for it‚ I merely
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Ivy League colleges have as many disadvantages as they do advantages because having an elite education gives you the preconceived notion that you are superior to everyone else and also an elite education indoctrinates a false sense of self-worth. While having this superior image of yourself in mind you start to alienate yourself from the human you’re supposed to be and others around you. Having a false sense of self-worth also makes you believe that you are actually more smart and invincible than
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The only thing saving your own life by discontinuing your father’s rights‚ which can be done by filing for emancipation. With that said you should be able to be emancipated at the age of being able to get a job. The Kentucky law for emancipation of minors is just because people have different life stories emancipation could save a lot of people. Emancipation is a court process that gives a teen legal independence from his or her parents or guardians and is granted and is granted adult civil rights
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Methods of Revenue Recognition 1. The Accrual Method of Revenue Recognition The most common revenue recognition system is based on the accrual method. Under this approach‚ if the revenue recognition rules presented in the last section have been met‚ then revenue may be recognized in full. In addition‚ expenses related to that revenue‚ even if supplier invoices have not yet been received should be recognized and matched against the revenue. The name of this method does not imply that the revenue
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CASE STUDY 1 SEC ENFORCEMENT RELEASE- BRISTOL-MYERS 1. Access the SEC website‚ www.sec.gov‚ and do the following: -go to “Information for Accountants” -go to “The Division of Enforcement Chief Accountants Office” -go to “Accounting and Auditing Enforcement Releases” - then go to the enforcement release related to Bristol-Myers dated August 4‚ 2004. 2. What were the broad areas which the SEC addressed? 3. Of these issues‚ which one was by far the most significant in terms of dollars involved
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The Indian Premier League (IPL) has taken the Twenty-20 Cricket’s popularity to dizzying heights. The IPL fever has gripped the minds of the people in its full intensity. When the Twenty-20 cricket was on‚ IPL and its probable winner was one _ of the hottest topics of discussion everywhere. Many people are of the view that it is one of the best things that ever happens to the game of cricket. In fact IPL has become so popular worldwide that Australian Captain Ricky Pointing had to issue an appeal
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CHAPTER 2: RELEVANT REVENUES AND COSTS The primary goal of a firm is to maximize profits. This implies‚ of course‚ that each decision a manager makes is consistent with that goal. Although managers are expected to rely on internally-produced reports‚ such as balance sheets and income statements‚ to help them make decisions‚ most of the information that appears on these statements is period-based rather than decision-based. A balance sheet shows the sum total of a firm’s assets and liabilities
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