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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There are three steps in the scientific process‚ unsystematic observation‚ building theories‚ and evaluating propositions. I have evaluated my personality many times in hopes to better myself. When I was younger I went through relationships like they were candy. I always blamed the other individual because of course I could do nothing wrong. A close friend of mine one day pointed out that I am not the same person I am with friends as I am with my boyfriends. At first I decided to not listen
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CHILD ABUSE SIGNS * Child shows sudden changes in behavior * Lacks adult supervision * Overly compliant‚ passive‚ or withdrawn * Comes to school early‚ stays late‚ and doesn’t want to go home * Always anticipating something bad to happen ("Child Welfare Information Gateway"‚ 2007). DRUG ABUSE SIGNS * Sudden change in behavior * Mood swings * Withdrawal from family * Changed sleeping pattern * Loss of interest in hobbies‚ sports‚ or other favorite activities
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The Superhero in the Cubicle article addressed business communication through some of the newest advances available‚ such as mashups‚ and wiki’s‚ also referred to as social computing. This article clearly defines the usefulness of this new technology when it is used as intended. These new forms of communication‚ especially across companies whose presence spans the country‚ or even the globe‚ offer users and corporate executives a simple‚ yet direct way of stating a message that reaches many.
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In a joint-stock company an entrepreneur raises capital by issuing stock certificates of its ownership. This involves selling shares of the stock to investors that guarantee them the right to a certain percentage of the company’s profits. For example‚ suppose John holds shares of Mike’s Auto Repair Shop‚ which is a joint stock company. These shares give John a percentage of the vote on Mike’s management decisions‚ board elections‚ etc. The shares also give John unlimited responsibility for Mike’s
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Board Members What resources do the board members use to base off from‚ when making decisions? This question is very important. The board members are on top f an organizations chain. It is important to know that those on the board are reliable and know what they are there for. As a whole‚ you need to be aware that the decisions made by the board will ensure that everyone is taken care of. Board members can’t just make a decision without using references. Otherwise‚ the decisions being made wont
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Step 4 is to implement the controls. Leaders and staffs ensure that controls are integrated into Standard Operating Procedures (SOP)‚ written and verbal orders‚ mission briefings‚ and the accountability of the unit and the Marines in the unit. The critical check‚ however‚ for this step‚ with oversight‚ is to ensure that controls are able to be converted into clear‚ simple orders that can be understood at all levels. Implementing controls includes coordination and communication with‚ Officers and
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Tommy Martin is finding it hard to interact with other children and his educators at school. He is in grade 4 now and has had this problem since kindergarten. He lacks interest in the classroom and he is difficult to work with. Often times he is sent to the principal’s office because of inappropriate behavior. He does not keep friend for lengthy periods of time. He is physically aggressive and very emotional‚ even about seemingly innocuous things. He does not like sympathy during these emotional
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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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