...Lecture Unit 3 In the last unit we were introduced to the contribution income statement. I noted the needs of internal management in planning, controlling and decision making are met with this statement format. Breaking costs into behaviors and not functions allows management to determine how costs will rise and fall with different levels of activity; this is a very important concept. A company can have the best products, best workers, and best machinery, but imprecise pricing or cost control can obliterate a product-line or a company in whole. Cost-Volume-Profit analysis is part the management process in which profitability can be estimated. I say estimated because you can only predict you will sell X amount of products at Y cost. The contribution income statement format helps in this process. In the traditional format, sales less cost of goods sold is gross margin. However, with this new format, sales less variable expenses is the contribution margin. The contribution margin is first used to cover fixed expenses and any remaining amount would become net operating income. [pic] Above is a C-V-P graph. This is a graphical depiction of how sales revenue, total expenses (variable expenses + fixed expenses) and fixed expenses relate over a range of sales volume. The more speakers sold the more revenue the greater the total expenses, but notice fixed expenses—no change. I mentioned that in our new statement format, sales less variable expense would equal your...
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...Chapter 2 ------------------------------------------------- Managerial Accounting and Cost Concepts The Foundational 15 1. | Direct materials | $ 6.00 | | | Direct labor | 3.50 | | | Variable manufacturing overhead | 1.50 | | | Variable manufacturing cost per unit | $11.00 | | | | | | | Variable manufacturing cost per unit (a) | $11.00 | | | Number of units produced (b) | 10,000 | | | Total variable manufacturing cost (a) × (b) | | $110,000 | | Fixed manufacturing overhead per unit (c) | $4.00 | | | Number of units produced (d) | 10,000 | | | Total fixed manufacturing cost (c) × (d) | | 40,000 | | Total product (manufacturing) cost | | $150,000 | 2. | Sales commissions | $1.00 | | | Variable administrative expense | 0.50 | | | Variable selling and administrative per unit | $1.50 | | | | | | | Variable selling and admin. per unit (a) | $1.50 | | | Number of units sold (b) | 10,000 | | | Total variable selling and admin. expense (a) × (b) | | $15,000 | | Fixed selling and administrative expense per unit ($3 fixed selling + $2 fixed admin.) (c) | $5.00 | | | Number of units sold (d) | 10,000 | | | Total fixed selling and administrative expense (c) × (d) | | 50,000 | | Total period (nonmanufacturing) cost | | $65,000 | 3. | Direct materials | $ 6.00 | | | Direct labor | 3.50...
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...University for BIBL 425 - Romans by Shawn A. Wenzel San Diego, CA August 2011 The book of Romans, although not written for the purpose of teaching systematic theology, is one of the most foundational books in the New Testament concerning Theology. Paul wrote this letter to the Roman Christians who were made up of both Jewish Christians and Gentile Christians. The occasion for writing had to do with reconciling some cultural and historical differences between these two groups. Of course, the explanation Paul offers fits perfectly into a Worldview treatise because he is sharing a Gospel view of history and tying it to the Gospel view of the present and future. To begin with, Romans chapters one and two show the complete depravity of man. Any Biblical worldview must be predicated properly on the basic truth that man is not God and cannot operate in any successful fashion apart from God. Paul points out the pending judgment of God for both Gentiles (Romans 1:18-32) and Jews (Romans 2:1-3:8). Much of Romans deals with the creation itself. Adam is shown to be the father of human nature, and therefore, sin. We are all born sinners (Rom. 5:12) because we have inherited it. So, just as sin entered all mankind through one man, Godʼs free gift of salvation is also available for all (rom 5:12-14). It is pointed out that the result of sin is that it brings death, and without a blood sacrifice there is no redemption (Rom. 6:23). It is further emphasized that salvation is not and cannot...
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...Study Guide: Lesson 3 The Importance of Philosophy for Christians Lesson Overview In our last lesson for this module/week, we examined why developing the philosophical mindset is important for people in general. In this lesson, we want to ask that question specifically for Christians. What value does philosophy have for Christians? We will begin by examining the biblical basis for developing a philosophical mindset. We will discuss the biblical mandate for philosophy and three elements in fulfilling that mandate. We will then survey a number of roles that philosophy functions for Christians. Finally, we will examine the role that the Bible plays in doing philosophy. Tasks Read and take notes from chapter 3 of Philosophy: Critically Thinking about Foundational Beliefs, “What Athens has to do with Jerusalem: The Importance of Philosophy for Christians.” As you read, make sure you understand the following points and questions: • Know the historical and literary background to Col 2:8. Paul starts this passage off with a Greek term “blepete” meaning “beware” or “be on your guard.” Then follows this with a strange phrase that literally means “to be carried off as booty” but here is probably meant more like “kidnap” The literal wording here is actually “philosophy and vain deceit” knowing the historical and literary context of this passage one can see that Paul is not condemning philosophy in general. He is contrasting two kinds of philosophy: one that is based on...
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...texts as source or vehicle for framing and thinking through issues) * Both deliberate and conscious of challenges of relating Biblical faith to Social issues * Housing and immigration are public policy issues * Daniel devotes a chapter to this question, using “Caesar vs. God” image from New Testament * Micah Shows up in both books (see below) * Differences? * Is immigration more of a “hot button” issue than housing? * If so, do we find different kinds of rhetoric? * Phil comment in class: Does Reckford focus more on system or structures or root causes (next slide) and Daniel more on individuals? * If so, do we have different kinds of solidarity in these two approaches? * Root Causes (“cycle”) of Poverty (structural analysis) (52-53) * Rhetorical device? * Cites 5 of them * “social capital” (56-58) is a rich illustration * Solidarity involves “learning” and “sensitivity” and “collaboration” (60) * Corresponding interventions/Solutions * E.g. “not charity but capital” (Clarence Jordan, cited 54) * 62-63: justice = level playing field (Sen. M. Fenwick, grandmother) * Housing is one of several interventions, but foundational (59) * Note structural components (infrastructure) of this intervention * E.g. ONE Campaign (http://www.one.org/us/) : 1% of US budget against extreme poverty * Immigration as “spiritual pilgrimage” * Religion/Public...
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...Chapter 2- The Foundational 15 1. Direct materials $ 6.00 Direct labor 3.50 Variable manufacturing overhead 1.50 Variable manufacturing cost per unit $11.00 Variable manufacturing cost per unit $11.00 Number of units produced 10,000 Total variable manufacturing cost $110,000 Fixed manufacturing overhead per unit $4.00 Number of units produced 10,000 Total fixed manufacturing cost 40,000 Total product manufacturing)cost $150,000 2. Sales commissions $1.00 Variable administrative expense 0.50 Variable selling and administrative per unit $1.50 Variable selling and admin. per unit $1.50 Number of units sold 10,000 Total variable selling and admin. expense $15,000 Fixed selling and administrative expense per unit ($3 fixed selling + $2 fixed admin.) $5.00 Number of units sold 10,000 Total fixed selling and administrative expense 50,000 Total period (nonmanufacturing) cost $65,000 3. Direct materials $ 6.00 Direct labor 3.50 Variable manufacturing overhead 1.50 Sales commissions 1.00 Variable administrative expense 0.50 Variable cost per unit sold $12.50 4. Direct materials $ 6.00 Direct labor 3.50 Variable manufacturing overhead 1.50 Sales commissions 1.00 Variable administrative expense 0.50 Variable cost per unit sold $12.50 5. Variable cost per unit sold $12.50 Number of units sold 8,000 Total variable costs $100,000...
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...What’s on the MCAT2015 Exam? Psychological, Social, and Biological Foundations of Behavior What will the Psychological, Social, and Biological Foundations of Behavior section test? The Psychological, Social, and Biological Foundations of Behavior section asks you to solve problems by combining your knowledge of foundational concepts with your scientific inquiry and reasoning skills. This section tests your understanding of the ways psychological, social, and biological factors influence perceptions and reactions to the world; behavior and behavior change; what people think about themselves and others; the cultural and social differences that influence well-being; and the relationships between social stratification, access to resources, and well-being. The Psychological, Social, and Biological Foundations of Behavior section emphasizes concepts that tomorrow’s doctors need to know in order to serve an increasingly diverse population and have a clear understanding of the impact of behavior on health. Further, it communicates the need for future physicians to be prepared to deal with the human and social issues of medicine. This section is designed to • • • • • test psychology, sociology, and biology concepts that provide a solid foundation for learning in medical school about the behavioral and sociocultural determinants of health; test concepts taught at many colleges and universities in first-semester psychology and sociology courses; test biology concepts that relate to mental...
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...listening, I try to see things from the other person’s point of view, not just my own. Very Poor 1 1 1 Poor 2 2 2 Fair 3 3 3 Very OutGood Good standing 4 4 4 5 5 5 6 6 6 category 1 1. I show kindness and consideration towards others. 2. I keep promises and honor commitments. 3. I do not speak negatively of others when they are not present. Very Poor 1 1 1 Poor 2 2 2 Fair 3 3 3 Very OutGood Good standing 4 4 4 5 5 5 6 6 6 Category Total: category 8 22. I value, and seek out, the insights of others. 23. I am creative in searching for new and better ideas and solutions. 24. I encourage others to express their opinions. 1 1 1 2 2 2 3 3 3 4 4 4 5 5 5 6 6 6 Category Total: category 2 4. I am able to maintain an appropriate balance among the various aspects of my life- work, family, friends, and so forth. 5. When working on task, I also keep in mind the concerns and needs of those I am working for. 6. I work hard at the things I do, but not in a manner that causes burnout. 1 2 3 4 5 6 Category Total: category 9 25. I care for my physical heath and well being. 1 1 1 2 2 2 3 3 3 4 4 4 5 5 5 6 6 6 1 2 3 4 5 6 26. I strive to build and improve relation ships with others. 27. I take time to find meaning and enjoyment in life. 1 2 3 4 5 6 Category Total: Category Total: category 3 7. I am in control of my life. 8. I focus my efforts on things I can do something about rather than on things beyond...
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...Chapter 1 The Foundational 15 Martinez Company’s relevant range of Production is 7,500 to 12,500 units. When it produces and sells 10,000 units, its unit costs are as follows: | AmountPer Unit | Direct Materials | $ 6.00 | Direct Labor | 3.50 | Variable Manufacturing Overhead | 1.50 | Fixed Manufacturing Overhead | 4.00 | Fixed Selling Expenses | 3.00 | Fixed Administrative Expense | 2.00 | Sales Commissions | 1.00 | Variable Administration Expense | 0.50 | Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? Direct Materials $6.00 Direct Labor $3.50 Variable Manuf OH $1.50 Fixed Manuf OH $4.00 $15.00/Unit 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units? Fixed Selling Exp $3.00 Fixed Admin Exp $2.00 Sales Commissions $1.00 Variable Admin Exp $0.50 $6.50/unit 3. If 8,000 units are sold, what is the variable cost per unit sold? Direct Materials $6.00 Direct Labor $3.50 VariableManuf OH $1.50 Sales Commissions $1.00 Variable Admin Exp $0.50 $12.50 4. If 12,500 units are sold, what is the variable cost per unit sold? Direct Materials $6.00 Direct Labor $3.50 VariableManuf OH $1.50 Sales Commissions $1.00 Variable Admin Exp $0.50 $12.50 5. If 8,000 units are sold, what is the total amount of variable costs...
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...E356 Olmstead Office Phone: 717-948-6483 Office Hours: M/T 4:30 p.m. to 5:45 p.m. Thursday 1:00 p.m. to 5:00 p.m. And by Appointment Course Catalog Description: Theory and practice issues in income concepts and value measurement; GAAP; revenues, costs, assets, liabilities, and equities. Prerequisites: ACCTG211 or ACCTG311 Course Objectives: 1. To apply the conceptual foundation of financial accounting; 2. To apply accounting standards; 3. To evaluate and select among alternative accounting treatments for economic events, and 4. To interpret the results and financial position of an entity. Learning Goals: * Collaborative skills: Students will develop collaborative skills by working together to solve exercises during class. * Communication skills: Students will submit written assignments and exams that should exhibit clear communication as would be found in a business setting. * Professional Responsibility/Development: Students will explore professional obligations in public and private accounting and the need for continuous learning as accounting standards and our business environment evolve. * Foundational Knowledge in Accounting: Students will learn and be able to apply accounting...
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...ITT Technical Institute NT2640 IP Networking Onsite Course SYLLABUS Credit hours: 4.5 Contact/Instructional hours: 56 (34 Theory Hours, 22 Lab Hours) Prerequisite(s) and/or Corequisite(s): Prerequisites: NT1210 Introduction to Networking or equivalent Course Description: This course explores network design and implementation by applying the TCP/IP protocols to provide connectivity and associated services. Planning and deployment of network addressing structures, as well as router and switch configurations, are also examined. IP Networking Syllabus Where Does This Course Belong? This course is required in the associate degree program in Network Systems Administration and associate degree in Mobile Communications Technology. The following diagrams indicate how this course relates to other courses in respective programs: Network Systems Administration NT2799 NSA Capstone Project NT2580 Introduction to Information Security NT2670 Email and Web Services NT2640 IP Networking PT2520 Database Concepts NT1330 Client-Server Networking II NT1230 Client-Server Networking I NT1430 Linux Networking PT1420 Introduction to Programming NT1110 Computer Structure and Logic NT1201 Introduction to Networking NT1310 Physical Networking CO2520 Communications SP2750 Group Theories EN1420 Composition II EN1320 Composition I GS1140 Problem Solving Theory GS1145 Strategies for the Technical Professional MA1210 College Mathematics...
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...the penning of the Gospel (Deffinbaugh, 2007). Paul started his ministry or preaching of the gospel message after his transformation in Jesus Christ; his conversion to Christianity on his way to Damascus (Acts 9:1-19). Paul’s focus throughout Romans is “the righteousness of God” (Romans 1:16-17). Focusing on chapters one through eight of Romans, it will take me through the elemental and “structural” illumination of the Christian faith. The chapters will reflect on the “plan of Him who works out….everything to His will” (Ephesians 1: 11). These are the Biblical instructions on the responding to human relationships, treatment of the universe and environment, and religious issues. Paul (1 Corinthians 2: 1) (2 Corinthians 10:10) like Moses (Exodus 4:10) was not an eloquent speaker, but they spoke volumes for the kingdom of God. By having a grasp, foundation, for my views I can state my convictions to others (1 Peter 3:15) with certainty and in love (Ephesians 4: 15). The Natural World Paul expounds on components and truths of the Biblical Worldview as it relates to the natural world. He is adamant in his teaching that the general revelation of the natural world is foundational in God. He wants all to believe in the Biblical fact that God is the Creator (Roman 1:22) of the world and all the “fruits” it contains. Paul relates his teachings to God’s creations (Genesis 1:1-2:3), but there were some rules or expectations that were required. God’s request was forsaken, so there were consequences...
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...Justification by Faith By Russell D. Stalvey Introduction A statement that is ancient but also timeless and just as relevant for today’s believers is that we are justified by faith. The Apostle Paul gave insight to this statement very distinctly and in great aspect but to completely understand the statement, we first must possess a foundational comprehension of what it means to be justified. In understanding justification we will see that it is inseparably interrelated to faith, but not just any faith. We will also see that the undertaking of justification by faith has overwhelming effects on the justified. Definition Justification is seen as an act of God’s wonderful grace, free grace that is available to all sinners. God exonerations all of the sins, receives the sinners, not because of anything fashioned in the sinner or performed by the sinner, but only for the unflawed submission and complete satisfaction of the Lord, through God’s impartation and received by faith alone. The Westminster Larger Catechism answers the definition of justification in this manner: “Justification is an ‘act’. It is a courtroom verdict .We are the defendants and charges have been filed against us. The judge passes his verdict. Logically there are only two verdicts available to the judge. One of these verdicts is ‘condemned’, and the other is ‘justified’. If we are ‘condemned’, then the judge has pronounced us ‘guilty’. If we are ‘justified’, then the judge has pronounced us...
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...Corequisite(s): Prerequisites: IT220 Network Standards and Protocols, IT221 Microsoft Network Operating System I, IT250 Linux Operating System Course Description: This course provides an overview of security challenges and strategies of counter measures in the information systems environment. Topics include definition of terms, concepts, elements, and goals incorporating industry standards and practices with a focus on availability, vulnerability, integrity and confidentiality aspects of information systems. Introduction to Information Systems Security Syllabus Where Does This Course Belong? This course is required for the Bachelor of Science in Information Systems Security program. This program covers the following core areas: Foundational Courses Technical Courses BSISS Project The following diagram demonstrates how this course fits in the program: IS427 Information Systems Security Capstone Project 400 Level IS404 Access Control, Authentication & KPI IS411 Security Policies & Implementation Issues IS415 System Forensics Investigation & Response IS416 Securing Windows Platforms & Applications IS418 Securing Linux Platforms & Applications IS421 Legal & Security Issues IS423 Securing Windows Platforms & Applications 300 Level IS305 Managing Risk in Information Systems IS308 Security Strategies for Web Applications & Social Networking IS316 Fundamentals of Network Security Firewalls & VPNs IS317 Hacker Techniques Tools...
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...FINA 465: Commercial Bank Practice and Policy Spring 2013 MW 2:30 – 3:45 Section 001 BA 401 MW 4:00 – 5:15 Section 002 BA 401 Professor: Dr. Allen N. Berger Office: Room 452, Moore School of Business Phone: (803) 576-8440 Email: aberger@moore.sc.edu Office Hours: MW 10:00 AM – 11:00 AM and 5:30 PM– 6:30 PM; and by appointment Extra office hours will be available before each of the three tests. Course Overview: This course is structured around the theme of risk management in banking. You will examine how banking institutions generate earnings and the nature of risks assumed in their operations. The focus of the subject matter is risk management. Topics to be covered: Why are financial intermediaries special? the role of depository institutions; financial crisis; risk of financial intermediation including interest rate risk, credit risk, off-balance sheet risk, liquidity risk; management of risks including liquid asset management and liability management, deposit insurance and other liability guarantees, capital adequacy, product and geographic diversification, and loan sales. The objective of this course is to provide the student with the conceptual framework necessary to analyze and comprehend the current problems confronting managers of commercial banks and other depository institutions. The course materials do not dwell on the development of financial theories. It is assumed that the student comprehends the basic theoretical concepts...
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