...CHAPTER 1 QUESTIONS 1. The function of cost accounting is to provide the cost accounting information that is the basis for planning and controlling current and future operations. It provides the cost figures and analyses that management needs in order to find the most efficient methods of operating, achieving control of costs, and determining selling prices. 2. Originally issued for companies marketing products in Europe, a set of international standards for quality management, known as the ISO 9000 family, was designed by the International Organization for Standardization. Obtaining ISO 9000 is important because many companies will only contract with ISO 9000 suppliers. 3. Manufacturers convert purchased materials into finished goods by using labor, technology, and facilities. Merchandisers purchase completed products for resale. Service businesses or agencies sell or provide services rather than products. 4. A manufacturer differs from a merchandiser in these ways: a. The merchandiser buys items to sell while the manufacturing business must make the items it markets. b. Usually the manufacturer has a greater investment in physical facilities. c. The manufacturer will incur some costs peculiar to this type of industry, such as machine maintenance, materials handling, and inspection of manufactured goods. The two types of operations are similar in that they are both concerned with purchasing, storing, and selling goods;...
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...HYDRAULICS LAB #1 The objective of this lab is to test the fluid flow provided by the power unit at various discharge pressures, and create a power unit characteristic curve. 1. Build on the trainer the hydraulic circuit shown in the figure below, using the components listed here. hydraulic power unit (2) pressure gauges flow control valve (FCV) – simulated load flow-meter Page 1 of 2 2. Initial setup: a. Fully close (CW) the FCV, and fully open (CCW) the pressure relief valve on the power unit. b. Start the power unit, and slowly adjust the pressure relief valve until pressure gauge P1 reaches 50 bar. Let the unit run for a few minutes then check and adjust P1 if necessary. c. Do not touch the pressure relief valve for the remainder of the lab. d. Fully open the FCV. 3. Test: a. Record the pressures P1, P2 and the flow rate under the “Min.” column in the table below. b. Slowly turn the FCV CW, adding a simulated load to the system. When the pressure at P1 increases to 15 bar, stop and record pressure P2 and the flow rate. c. Repeat for all columns listed in the table. The final column, listed as “Max Pres.” should be run with the FCV fully closed. Note the sound of the power unit during this test. You should detect changes in tone as the load (pressure) is increased. P1 Pressure (bar) P2 (bar) Flow Rate (lpm) Min * 15 20 25 30 35 40 45 46 47 48 49 Max. Pres. * minimum pressure attained, with flow control fully open HYDRAULICS LAB #1 Page 2 of 2 Lab Report: ...
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...CHAPTER 1 Accounting in Action ASSIGNMENT CLASSIFICATION TABLE Brief Exercises A Problems B Problems Study Objectives 1. Explain what accounting is. Identify the users and uses of accounting. Understand why ethics is a fundamental business concept. Explain generally accepted accounting principles and the cost principle. Explain the monetary unit assumption and the economic entity assumption. State the accounting equation, and define assets, liabilities, and owner’s equity. Analyze the effects of business transactions on the accounting equation. Understand the four financial statements and how they are prepared. Questions 1, 2, 5 Exercises 1 2. 3, 4 2 3. 3 4. 6 4 5. 7, 8, 9, 10 4 6. 11, 12, 13 1, 2, 3, 4 5, 6, 7, 11 1A, 2A 4A 1B, 2B 4B 7. 14, 15, 16, 18 5, 6, 7, 8 6, 7, 8, 10, 11 1A, 2A, 4A, 5A 1B, 2B, 4B, 5B 8. 17, 19, 20, 21 9, 10 9, 12, 13, 14, 15, 16 2A, 3A, 4A, 5A 2B, 3B, 4B, 5B 1-1 ASSIGNMENT CHARACTERISTICS TABLE Problem Number 1A 2A Difficulty Level Moderate Moderate Time Allotted (min.) 40–50 50–60 Description Analyze transactions and compute net income. Analyze transactions and prepare income statement, owner’s equity statement, and balance sheet. Prepare income statement, owner’s equity statement, and balance sheet. Analyze transactions and prepare financial statements. Determine financial statement amounts and prepare owner’s equity statement. Analyze transactions...
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...Entrepreneur! (2 Paper) ACC 557 Week 10 Assignment 3 You Are an Investment Analyst (2 Papers) ACC 557 Week 1, Chapter 1 (E1-4, E1-7, E1-11, P1-2A) ACC 557 Week 2 Chapter 2 (E2-6, E2-9, E2-11, P2-2A) ACC 557 Week 2 Chapter 3 (E3-6, E3-7, E3-11, P3-2A) ACC 557 Week 3 Chapter 4 (E4-1,E4-5, E4-7, E4-13, P4-4A) ACC 557 Week 4 Chapter 6 (E6-1,E6-10,E6-14,P6-3A) ACC 557 Week 5 Chapter 7 (E7-5 E7-7 E7-14 P7-3A) ------------------------------------------------------------------------------- ACC 557 Midterm Part 1 FOR MORE CLASSES VISIT www.acc557tutor.com ACC 557 Midterm Part 1 Question 1 What is the order in which assets are generally listed on a classified balance sheet? Question 2 The information for preparing a trial balance on a worksheet is obtained from Question 3 The most efficient way to accomplish closing entries is to Question 4 All of the following are property, plant, and equipment except ------------------------------------------------------------------------------- ACC 557 Week 1, Chapter 1 (E1-4, E1-7, E1-11, P1-2A) FOR MORE CLASSES VISIT www.acc557tutor.com ACC 557 Week 1, Chapter 1 (E1-4, E1-7, E1-11, P1-2A) E1-4 : The following situations involve accounting principles and assumptions. For each of the three situations, state if the accounting...
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...Question (1): Assume a 45-hr/week and an hourly wage of €21. Material cost is €15 per running meter and the standard inventory value of output is €173 per unit. Overhead is charged weekly at the rate of €1838 and 0.75 times direct cost. Week | 1 | 2 | 3 | 4 | Output | 636 | 576 | 624 | 644 | Workers | 12 | 11 | 11 | 9 | Material (meter) | 4125 | 3675 | 3930 | 4035 | A. Briefly explain the concept of productivity? Productivity Productivity is a measure of the rate at which outputs of goods and services are produced per unit of input (labor, capital, raw materials, etc.). It is calculated as the ratio of the amount of outputs produced to some measure of the amount of input used. Productivity = Quantity of goods and services produced Amount of resources used As the equation indicates, there are two variables in measuring productivity- the amount of production and amount of resources used. Productivity varies with the amount of production relative to the amount of resources used. Productivity can be increased in several ways, which Are given below here- 1. Increase production using the same or a smaller amount of resources. 2. Reduce the amount of resources used while keeping the same production or increasing it. 3. Allow the amount of resources used to increase c production increases more. 4. Allow production to decrease as long as...
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...CHAPTER 4 SI UNIT PROBLEMS SOLUTION MANUAL SONNTAG • BORGNAKKE • VAN WYLEN FUNDAMENTALS of Thermodynamics Sixth Edition Sonntag, Borgnakke and van Wylen CONTENT SUBSECTION Correspondence table Concept problems Force displacement work Boundary work: simple one-step process Polytropic process Boundary work: multistep process Other types of work and general concepts Rates of work Heat transfer rates Review problems English unit concept problems English unit problems PROB NO. 1-19 20-30 31-46 47-58 59-70 71-81 82-94 95-105 106-116 117-122 123-143 Sonntag, Borgnakke and van Wylen CHAPTER 4 6 ed. CORRESPONDANCE TABLE The new problem set relative to the problems in the fifth edition. New 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 5th 1 2mod new New New 3 4 new New new New New 18 27 new new 5 new New 13 new new New New New 22 45 mod 8 12 14 New New New New 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 5th new 19 20 33 mod 37 36 15 30 6 New 32 7 9 34 10 New New 26 39 New 40 New New New New 58 59 60 61 New New New New New 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 5th new new new 43 new New new new New 47 HT 48 HT 49 HT 50 HT mod 51 HT mod 52 HT 53 HT 54 HT 55 HT 56 HT 57 HT 31 mod 11 16 17 23 21 mod 28 29 24 44 35 th Sonntag, Borgnakke and van Wylen The English unit problem set is...
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...Aim and purpose The aim of this unit is to introduce learners to recruitment and the importance of ensuring that the best people are selected to work in organisations. Learners will study selection and recruitment techniques and will set up, and take part in, a selection interview. Unit introduction Recruiting the right people is the key to the success of many organisations. These organisations ensure that the processes and procedures involved in recruitment and selection meet their needs and are legal. In this unit, learners will develop an understanding of the impact of the regulatory framework on the recruitment process. Potential applicants may decide to apply for a post based on the quality of information that they receive. Details of the post will usually be the first communication they have with the organisation. It is important that the organisation makes a good first impression on potential applicants to ensure that they attract sufficient applicants of the right calibre. Learners will develop their knowledge of the types of documentation used in an interview process. A structured and planned selection procedure is crucial to the success of the selection process. The impression a business makes may determine an applicant’s decision to accept an offer of appointment. Staff conducting the interview will also be forming their impressions of the applicant. It is important that interviewers are well organised and prepared. They will need to be familiar with the...
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...US006785889B1 (12) United States Patent Williams (10) Patent N0.: US 6 9 785 9 889 B1 (45) Date of Patent: Aug. 31, 2004 (54) SYSTEM AND METHOD FOR SCHEDULING BANDWIDTH RESOURCES USINGA KALMAN ESTIMATOR WITH ACTIVE FEEDBACK 6,003,062 A * 12/1999 Greenberg et a1. ........ .. 709/104 6,105,053 A * 6,189,022 B1 * 6,263,358 B1 * 8/2000 Kimmel et a1. ..... .. 2/2001 Binns ............. .. 7/2001 Lee et a1. .... .. 709/105 709/100 .. 709/100 Inventor: Peter Williams, * Cited examiner (73) Assignee: Aurema, Inc., Cupertino, CA (US) _ _ _ _ Primary Examiner—Jack B. Harvey ( * ) Notice: SubJect to any disclaimer,~ the term of this Patent 15 extended or adlusted under 35 U'S'C' 154(k)) by 816 days‘ Assistant Examiner_Hai V_ Nguyen (74) Attorney, Agent, or Firm—Michael Hetherington; Nick Ulman; Woodside IP Group (21) Appl. N0.: 09/596,026 (22) Filed: (51) Int C17 (52) U ' ' (57) G06F 9/00 709040 ’ ’ 718/106’ ABSTRACT Jun. 15, 2000 A community of collaborative software agents Works together in a domain to provide functionality such as pro vision of communications services or control of a chemical process. A scheduler is built into each collaborative agent Ci """""""""""" ' """"""""""" " (58) (56) Field of Search """"""""" ’ 709/104 229 718/104; 106’ ’ Which schedules tasks allocated to that particular agent and tasks sub-allocated by the agent. The scheduler has a mecha nism for over-booking...
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...CHAPTER 1 INTERCORPORATE ACQUISITIONS AND INVESTMENTS IN OTHER ENTITIES ANSWERS TO QUESTIONS Q1-1 Complex organizational structures often result when companies do business in a complex business environment. New subsidiaries or other entities may be formed for purposes such as extending operations into foreign countries, seeking to protect existing assets from risks associated with entry into new product lines, separating activities that fall under regulatory controls, and reducing taxes by separating certain types of operations. Q1-2 The split-off and spin-off result in the same reduction of reported assets and liabilities. Only the stockholders’ equity accounts of the company are different. The number of shares outstanding remains unchanged in the case of a spin-off and retained earnings or paid-in capital is reduced. Shares of the parent are exchanged for shares of the subsidiary in a split-off, thereby reducing the outstanding shares of the parent company. Q1-3 The management of Enron appears to have used special-purpose entities to avoid reporting debt on its balance sheet and to create fictional transactions that resulted in reported income. It also transferred bad loans and investments to special-purpose entities to avoid recognizing losses in...
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...Cobb–Douglas Production Functions 1 mathematical tricks • the derivative of αxβ with respect to x is αβxβ−1 • xα xβ = xα+β (for any α and β) • 1 xα = x−α • if m = nB , then n = m1/B 2 the production function A production function y = f (x1 , x2 ) is a Cobb–Douglas production function if it can be written in the form y = Axa xb 1 2 (1) where A, a and b are positive constants. So the partial derivatives of a Cobb–Douglas production function are : M P1 = M P2 = ∂y = aAxa−1 xb 1 2 ∂x1 (2) ∂y = bAxa xb−1 (3) 1 2 ∂x2 The absolute value of the slope of an isoquant is the technical rate of substitution, or T RS. This T RS equals M P1 /M P2 so that (2) and (3) imply that T RS = M P1 ax1 = M P2 bx2 1 (4) Equations (2) and (3) imply that the Cobb–Douglas technology is monotonic, since both partial derivatives are positive. Equation (4) demonstrates the technology is convex, since the (absolute value) of the T RS falls as x1 increases and x2 decreases. 3 returns to scale Suppose that all inputs are scaled up by some factor t. The new level of output is (5) f (tx1 , tx2 ) = A(tx1 )a (tx2 )b = ta+b Axa xb 1 2 Notice from equation (5) that f (tx1 , tx2 ) = ta+b f (x1 , x2 ). We have increasing returns to scale if f (tx1 , tx2 ) > tf (x1 , x2 ) whenever t > 1. So here we have increasing returns to scale if ta+b > t, which is the same thing as a + b > 1. Similarly, decreasing returns to scale arise if f (tx1 , tx2 ) < tf (x1 , x2 ) whenever t > 1. Here...
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...BUSINESS REQUIREMENTS A. BUSINESS ORGANIZATION Incorporators refer to corporators who are mentioned in the articles of incorporation as originally forming and composing the corporation and who executed and signed the articles of incorporation as such. All incorporators are family related to Ms. Lucia Linsangan. Ms. Lucia Linsangan has the major contribution to the Linsangan Corporation. She will also act as the president of Meat Match Company. Table 9.0 |Contribution of Incorporators | |Incorporators |Contribution | | |Cash |Property |Total | |1. Lucia B. Linsangan | 1,000,000.00 |864,225.00 |1,864,225.00 | |2. Elmer B. Linsangan | 500,000.00 | | 500,000.00 | |3. Elden B. Linsangan | 500,000.00 | | 500,000.00 | |4. Porfilio Bueno | 500,000.00 | | 500,000.00 | |5. Joseph Bueno |500,000.00 | ...
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...(2013)ISSN 0976-6502 (Print)ISSN 0976-6510 (Online)Volume 4, Issue 2, March- April (2013), pp. 31-43 IJM© IAEME: www.iaeme.com/ijm.asp ©IAEMEJournal Impact Factor (2013): 6.9071 (Calculated by GISI)www.jifactor.com LINEAR PROGRAMMING OF BASIC ECONOMIC PARAMETERS USED AT REENGINEERING IN SMALL AND MEDIUM ENTERPRISES Prof. Dr Slobodan Stefanović High School of Applied Professional Studies, Vranje, Serbia Prof. Dr Radoje Cvejić Faculty for strategic and operational management Belgrade, Serbia ABSTRACT In economic terms, linear programming is a mathematical technique used for selecting one among more possible economic decisions that will have the greatest efficiency. Most production issues have been solved by a linear programming method, also performed here, and a model of linear programming of economic parameters in re- engineering of small and medium enterprises, for their greater efficiency, is presented. Key words: linear programming, re-engineering, economic parameters, model. 1.0. INTRODUCTION Linear programming is a mathematical method for selecting an optimal solution among larger number of possible solutions. In mathematical terms, linear programming is a mathematical analysis of optimum problem. These are mathematical methods used for seeking the maximum (or minimum) value of a linear function, with previously given limits expressed by a system of linear equations and inequalities. 31 2. International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –6510(Online)...
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...BTEC Level 3 Subsidiary / Diploma, Business Studies Unit 2 – Business Resources Assignment 1 (P1, P2, M2) – Recruiting the Right Staff Scenario You are coming to the end of your BTEC course and you have been considering getting a job in the summer break before you start university. As well as earning some extra money, you are looking forward to the opportunity to develop your skills and put into practice the knowledge you have learnt on your BTEC course. Task one (P1 part) Research some jobs that you can apply for on job websites. You could look at www.monster.com or www.totaljobs.com. You need to find a job that you think you could apply for either now or at the end of year 13. You need to collect a job description, person specification and application form as evidence. (P1 part) Task two (P1, P2 M2) To show that you understand the relevance of these documents used in recruitment you need to complete an information sheet which analyses their contents (see attached for template). Your information sheet should 1. Describe the recruitment documentation used for the job you have chosen. What is a job description, what is a person specification and what is an application form? How are they used in business? (P1) 2. Identify the skills required on the job description. Describe how you have these skills or if you don’t have them, describe how you could develop them this year. (P2) 3. For each of the skills that you have already identified...
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...Ag Econ 1041 Name _________KEY______________________ Exam 1, 140 points 11 a.m. Section September 25, 2008 True/False – one point each |T |1. |The most fundamental economic issue is scarcity. | |F |2. |Economics is the study of ways that people can earn more income. | |F |3. |Decisions are best when the decision maker focuses on average benefits and average costs. | |T |4. |Markets are where sellers and buyers interact in an effort to make themselves better off. | |F |5. |Supply is the quantity of a product produced within a specific time period. | |F |6. |Opportunity cost is what we pay for a good minus any coupons or rebates. | |F |7. |A comparative advantage is held by a producer who has the lowest monetary costs to produce a good. | |T |8. |The marginal benefit curve of consuming your favorite good eventually declines as consumption increases. | |T |9. |Increases in income tend to increase our consumption of many but not all goods. ...
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...increased 20 percent to $785 million, while diluted earnings per share increased 22 percent to $0.90, reflecting revenue growth, gross margin expansion, a lower tax rate and a one percent decline in the weighted average diluted common shares outstanding. * Inventories for NIKE, Inc. were $4.6 billion, up 11 percent from November 30, 2014, driven primarily by an 8 percent increase in NIKE Brand wholesale unit inventories. Increases in average product cost per unit, as well as higher inventories associated with growth in DTC, were largely offset by changes in the value of inventories due to foreign currency exchange rates. * Cash and short-term investments were $6.1 billion, $1.4 billion higher than last year mainly as a result of proceeds from the issuance of debt in the second quarter, collateral received from counterparties to foreign currency hedging instruments and growth in net income, which more than offset share repurchases, investments in working capital and higher dividends. Liquidity is also provided by our $1billion commercial paper program; During the year ended May 31, 2014, we did not issue commercial paper, and as...
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