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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2nd week of sim lab‚ we are given a scenario for the day. I was to play the role of family member‚ whose husband is admitted as a result of severe knife like epigastric pain on the RUQ. Diagnostic test shows pancreatitis. Begin a family member I was so worry about what going on with my husband‚ I kept asking the nurses to tell me what was going. The nurse did not communicating with me effectively‚ is like I was left out entirely. Even when the doctor walked in I was expecting the nurses to at least
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Person Centred Care Ai) Individuality- Being unique and not seeing a person with their illness. This is important to make someone feel like his/her own person. Rights- Each person is entitled to their rights and they should be respected. This is important to make sure that everyone is treated the same. Choice- Make sure you choose the right choice and give them the right choice of their carer. This is important so that a person is comfortable with their choice. Privacy- This is respecting another’s
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Task B – Short Answer Questions Bi Describe two ways of finding out about the history‚ preferences‚ wishes and needs of an individual using the service. One way to find out about a client is to talk to them. Learning about their history will help you build a picture of their life and how they have and would like to live. If they are capable they will be able to tell you how they would prefer to be treated‚ and what their personal needs are. If they are unable to communicate with you‚ you could
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Dehydration SCI/241 October 24‚ 2010 Dehydration What is Dehydration? Dehydration is defined as the process of losing excess amounts of water‚ which depletes the body of essential fluids. Dehydration can be caused by various factors‚ however
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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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