places in the world‚ France‚ England‚ Australia‚ etc‚ learn about their cultures and history‚ and make one of my dreams came true‚ go to the snow. I think that a smart way to spend money is to invest‚ so i will invest in properties‚ etc. Another thing I would do with all that money would be have my own business‚ buy a big house for my parents at the mountains‚ a study in a great University. In fact if i have more money left‚ i
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Fads are generally short-lived. However‚ there have been several fads that surmassed incredibly large crowds of followers. These fads became so large so quick that they entwine with American culture and then spread like wildfire. There are three main factors in how well a fad will do. The first is who is exhibiting the fad. Secondly‚ how easy the fad is for the populous to duplicate. Last is the change in the environment the fad makes. These three factors are the reason why some fads‚ such as the
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variable costing method which provides better information for managerial accounting purposes. Although it is not allowed for external reporting‚ the variable costing method is preferred by managers because it generates great tools for internal decision making purposes CITATION Nat76 \l 1033 (Accountants‚ 1976). Introduction Accounting‚ the art of recording‚ analyzing‚ summarizing‚ and reporting financial transactions can be divided into two distinct categories: managerial and financial accounting
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have evaluated the different proposals and come up with one project that we recommend. In doing this‚ we have calculated the change in profits compared with the draft budget and compiled the Break-even charts to justify our recommendation. Marginal Costing Profit Statement of the draft budget £(000) £ (000) Sales 1000 Less Cost of sales: Direct Materials 320 Direct wages 200 Variable factory overheads 100 (620) Contribution 380 Less Fixed Costs:
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1. What are the business benefits of taking the time and effort required to create and operate data warehouses such as those described in the case? Do you see any disadvantages? Is there any reason that all companies shouldn’t use data warehousing technology? Information is the most important tool when making business decisions. As O’Brien and Marakas stated‚ “Today’s business enterprises cannot survive or succeed without quality data about their internal operations and external environment.”
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Uniform Costing and Inter Firm Comparison UNIFORM COSTING Uniform Costing is not a distinct method of costing. In fact‚ when several undertakings start using the same costing principles and/or practices they are said to be following uniform costing. The basic idea behind uniform costing is that the different concerns in an industry should adopt a common method of costing and apply uniformly the same principles and techniques for better cost comparison and common good. The principles and methods
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increase‚ the need for workers with financial expertise will go up. I will enter the workforce at an excellent time to pursue a career as a financial manager. The information I have acquired concerning this field including opportunities‚ salary‚ and working conditions will justify my decision to obtain a position as a financial manager for a major corporation. The opportunities available to someone with a degree in finance are limited to only a few facets of the business world‚ but according to Job Outlook
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MARGINAL COSTING Introduction This paper explores the use of cost accounting information for decision-making purposes. DEFINITION OF KEY TERMS Marginal cost: This is the cost of a unit of a product or service‚ which would be avoided if that unit or service was not produced or provided Break-even point: This is the volume of sales where there is neither profit nor loss. 1 9 6 COST ACCOUNTING S T U D Y T E X T Margin of safety: This is the excess of sales over the break-even volume in
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Panko and Panko Business Data Networks and Telecommunications‚ 8th Edition 1 Chapters 1–4: Introductory material Chapters 5–6: Switched networks Chapter 7: 802.11 standards and operation Chapter 8: 802.11 security‚ 802.11 management‚ other local wireless technologies‚ and cellular technologies Chapter 8 Chapters 9–10: Internetworking Panko and Panko Business Data Networks and Telecommunications‚ 8th Edition © 2011 Pearson Education‚ Inc. Publishing as Prentice Hall Chapter
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Costing Systems Introduction After completing the “Broadening Your Perspective” communication activity in chapter 17 in Accounting: Tools for business decision making‚ the author was able to determine what strategy Super Bakery‚ Inc. used to make their business run in a more efficient manner. In this essay‚ the author discusses why Super Baker’s management felt it necessary to install an activity-based costing (ABC) system. The author shares whether or not he agrees on the reasoning of this decision
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