SAMPLE ANSWER FOR QUESTION 5 Profit-making is one of the most traditional‚ basic and major objectives of a firm. Profit-motive is the driving-force behind all business activities of a company. It is the primary measure of success or failure of a firm in the market. Profit earning capacity indicates the position‚ performance and status of a firm in the market. In spite of several changes and development of several alternative objectives‚ profit maximization has remained as one of the single most important
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the Hotel Continental’s Income Statement‚ the main reason why it incurred losses was because of the minimal amount of Gross operating income with a larger amount of Operating Expenses. This means that the previous management was not able to monitor their expenses and have not had an aid for the 2 problem which is why it incurred such loss. Mr Oscar Mendoza could use this case as his basis of main focus for leasing and putting up again the hotel business. Using initiative and being efficient in
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Case Study Vocab 1. Economies of scale- reduction in a firm’s average costs of production that result from an increase in the scale of operations 2. Internal growth- business‚ expansion by means of operating new branches‚ shops or factories (organic growth) 3. External growth- business expansion achieved by means of merging with or taking over another business‚ from either the same or a different industry 4. PEST analysis- acronym standing for political‚ economic‚ social‚ technological that refers
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978-0-273-73552-6 (web) All rights reserved. Permission is hereby given for the material in this publication to be reproduced for OHP transparencies and student handouts‚ without express permission of the Publishers‚ for educational purposes only. In all other cases‚ no part of this publication may be reproduced‚ stored in a retrieval system‚ or transmitted in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ recording‚ or otherwise without either the prior written permission of the Publishers or
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Case study Armco Inc: Midwestern Steel Division The case is about the new implementation of the new performance measurement system at Armco Inc‚ a steel making company. The old performance measurement system at the company was focused on the cost performance measurement which included the cost added per ton of steel at each production stage. Each month‚ the operating statics reports were issued every month with the most detail of the cost. Bob Nenni‚ the director of finance‚ was not satisfied
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INTERNET FOR BUSINESS – CASE STUDY WEEK 4 TEAM: The ladies – G7. Members: VoThi Phuong Linh – s3357656 To Nguyen Thu Thao – s3372852 Nguyen Thu Huong – s3357609 Words count: 490. CASE STUDY 4.1 – The implications of globalisation for consumer attitudes With the strong development of the globalisation trend nowadays‚ many companies have invested a lot of money into expanding their e-commerce network to other countries. Along with the expansion is the issue of localisation to penetrate
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CASE STUDY 1 SEC ENFORCEMENT RELEASE- BRISTOL-MYERS 1. Access the SEC website‚ www.sec.gov‚ and do the following: -go to “Information for Accountants” -go to “The Division of Enforcement Chief Accountants Office” -go to “Accounting and Auditing Enforcement Releases” - then go to the enforcement release related to Bristol-Myers dated August 4‚ 2004. 2. What were the broad areas which the SEC addressed? 3. Of these issues‚ which one was by far the most significant in terms of dollars involved
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Net and Gross Method of Recording Purchases Purchase Discounts It is a contra-expense account which is an offer from the supplier to the purchaser‚ to reduce the selling price if the payment is made within a certain period of time. It is subtracted from the purchases on the income statement. Sellers frequently call them sales discounts. Methods of Recording In accounting‚ gross method and net method are used to record these kinds of transactions. Net Recording Method Under the net method‚ purchase
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Costs associated with two alternatives‚ code-named Q and R‚ being considered by Lang Corporation are listed below: | | Alternative Q | Alternative R | Supplies costs | $ 64‚500 | $ 64‚500 | Power costs | $ 36‚500 | $ 21‚500 | Inspection costs | $ 11‚400 | $ 26‚300 | Assembly costs | $ 38‚600 | $ 28‚000 | | Required: | a. | Which costs are relevant and which are not relevant in the choice between these two alternatives? |
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Bhutan is internationally known for the philosophy of Gross National Happiness (GNH). GNH has become a multidimensional development approach supported by the foundations of four pillars which include Sustainable and Equitable Socio-Economic Development; Conservation of Environment; Preservation and Promotion of Culture and Tradition; and Good Governance. Bhutan is unique in paving the way to measure development progress in terms of GNH rather than GDP (Dixon. F‚ 2004)‚ which is not without challenges
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