accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
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Strategic Cost Management ACCT90009 Seminar 1 Seminar 1 Subject Administration Introduction to SCM oduc o o SC Administration • Subject Coordinator Dr. David Huelsbeck Email: david.huelsbeck@unimelb.edu.au Room: 08.028‚ The Spot Phone: +61 3 9035 6256 Consultation Hours: Monday 4:15pm – 6:15pm • Seminars: Tuesday: 2.15 pm – 5.15 pm‚ FBE ‐ Theatre 211 (Theatre 2) Thursday: 6.15 pm – 9.15 pm‚ Alan Gilbert ‐ Theatre 2 Teaching Format and Resources • Seminar Format 3 hour seminar
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Amos the Prophet The historical background A wandering people At the start of what is a series looking at some of the prophets of Israel‚ it might be helpful to do a little history which gives us a feel of the background. When I recently visited Israel and went in to the desert‚ it was interesting to note the Bedouin still living there in tents in a very primitive way. I wondered if the reaction to these roaming people was the same as the reaction in England to gypsies. Here in England the wandering
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Greensboro Historical museum On Saturday March 28‚ I go visit the Greensboro historical museum with my friends‚ and I learned a lot. At first when I heard the historical museum‚ I’m confused the name with the Civil Rights Museum‚ which I’ve been to there when I was in INTERLINK RW4 class‚ it’s also a perfect museum. When I finally been to the Greensboro historical museum‚ it’s bigger than what I thought‚ and learned more information than what I learned before. Also it’s Free! The historical museum dedicated
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products. Chuck questioned if the current cost-management system was providing the management with accurate data about product costs. In a traditional‚ volume-based product-costing system‚ only a single predetermine overhead rate is used. All manufacturing-overhead costs are combined into one cost pool‚ a grouping of individual indirect cost items‚ and they are applied to products on the basis of a single variable that costs over a given time span (cost driver) that is closely related to production
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INTRODUCTION 1 I. ENVIRONMENTAL FACTORS AFFECTING INDUSTRY 1 I.1. PESTEL ANALYSIS 1 I.2. FIVE FORCES MODEL 3 II. IMPLICATIONS OF CHANGING BUSINESS ENVIRONMENT 4 III. USE AND LIMITATIONS OF TOOLS APPLIED 5 III.1. USE AND LIMITATIONS OF PESTEL 5 III.2. USE AND LIMITATIONS OF FIVE FORCES MODEL 6 SUMMARY 6 APPENDIX 1 8 APPENDIX 2 9 REFERENCES 10 INTRODUCTION The origin of the modern pharmaceutical
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Changing Careers Changing careers after having worked as a hair stylist for 25 years was scary. My education was limited; I had my high school diploma‚ a few credits at a junior college‚ and a license from the Board of Cosmetology. In order to make a career change I had to take inventory on the experiences I had learned throughout my career as a hair stylist and manager of a salon. I had several managerial jobs during my career; I learned how to work with people from all walks of life;
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When the English were colonizing North America‚ they brought with them their laws. Being from the British Common Law system‚ the settlers understood how that system worked‚ so they modeled their own government using Common Law. In the 18th century‚ when the Union was formed and the colonies became states‚ they kept their Common Law governments. However‚ the Articles of Confederation set forth to establish one supreme court‚ being the federal court. Article III of the U.S. Constitution states: ’The
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Earth is changing Introduction We often think of the Earth as a stable and safe place to live. The landscape we see seems timeless and impossible to influence. At the same time‚ we know there are a lot of forces that affect our planet and change it. Some changes are quick‚ such as when earthquakes and volcanic eruptions break the ground or covering it with lava. Other changes may take millions of years‚ such as wind or the abrasive forces of water. The hunt for food‚ searching for land to cultivate
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Chapter 15: Historical Research Answers to Review Questions 15.1. Define historical research. Historical research is the type of research that examines past events or combinations of events to arrive at an account of what has happened in the past. 15.2. Why would a person want to conduct historical research? Historical research is conducted to • Uncover the unknown‚ • Answer questions‚ • Identify the relationship that the past has to the present‚ • Record
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