A01- Profit and Loss A profit and loss account is something businesses use to show them their revenue‚ costs and profits for that certain year‚ therefore showing the total amount of profit that the business has made that year‚ it is extremely important for the business‚ in particular for the accounts department who will refer to the profit and loss account a lot. This is because it clearly lays out what the business has spent‚ and what the business has brought in‚ it is easy for the business
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specifically designed to compensate for the slow periods and generate additional gaming revenues. Terrence Wei‚ the new property president‚ feels that his department managers appear to be in conflict with each other. The managers of each department have expressed concerns when it comes to running their department under the profit center approach. Overall‚ complementary costs and allocated overhead included in the direct costs pose more of a problem in determining the amounts to allocate. More specifically
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Firms did not flourish until the early 20th century. They emerged as an authorized structure and were granted exclusive rights to trade and conduct business in certain markets and products. The fact that firms are a different way to organize economic activities cannot explain explicitly and adequately the reason of firm formation. Many socialists and economists have given their interpretations of the conditions under which firms emerged and developed in certain ways in a specialised exchange economy
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Chapter 9 Input/Output Devices Contents: I. Introduction II. Input Devices a. Keyboard‚mouse‚joystick‚scanners‚digital camera‚ bar code reader‚ touch Sreeen‚Speech input device (microphone) III. Output Devices a. Monitor ‚ Speaker‚ Printers ( different types) ----------------------------------------------------------------------------------------I. Introduction The computer will be of no use unless it is able to communicate with the outside world. Input/Output devices are required for users to
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Generally‚ the term cost of production refers to the ‘money expenses’ incurred in the production of a commodity. But money expenses are not the only expenses incurred on the production of a commodity. There are number of services and inputs such as entrepreneurship‚ land‚ capital etc.‚ which are offered by an entrepreneur without changing any price or receiving any payment for them. While computing the total cost of production‚ allowance should be made for such expenses. It is therefore essential
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different applications or programs. A keyboard also has special keys that help operate the computer. 2. Mouse - The mouse is used to open and close files‚ navigate web sites‚ and click on a lot of commands (to tell the computer what to do) when using different applications. 3. Touch Screen - A touch screen is a computer screen or other screen that you can touch with your finger to enter information. Examples of touch screens include a smart board‚ a microwave‚ a dishwasher‚ or an ATM at a bank
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EVALUATION OF THE SOFTWARE “LENDING SYSTEM OF AN EMPLOYEES ASSOCIATION: BASIS FOR SYSTEM DEVELOPMENT.” Evaluation Criteria 4 = Outstanding (O) 3 = Good (G) 2 = Satisfactory (S) 1 = Poor (P) User Interaction These criteria cover the user’s interaction with the program‚ the objectives and features of the program‚ and your analysis of it. 4 (O) 3 (G) 2 (S) 1 (P) 1. The purpose of the program is well defined and clearly explained to the user 2. The organization
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For-Profit Education For-Profit education has been present for many years however has recently become a popular commodity. The for-profit educational world has been gaining popularity for a number of reasons. These include such aspects as access‚ student population‚ financial cost‚ etc. This paper will explore For-Profit education‚ a brief history‚ the students these institutions aim to serve‚ the intended focus of For-Profits and quality‚ the impact on higher education‚ and the roles of student
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CHAPTER 8 Cost-Volume-Profit Analysis ANSWERS TO REVIEW QUESTIONS 8-1 a. In the contribution-margin approach‚ the break-even point in units is calculated using the following formula: Break-even point = fixed expenses unit contribution margin b. In the equation approach‚ the following profit equation is used: sales volume ⎞ ⎛ unit variable sales volume ⎞ ⎛ unit fixed ⎜ ⎟ −⎜ ⎟ − ⎜ sales price × ⎟ ⎜ expense × ⎟ expenses = 0 in units ⎠ ⎝ in units ⎠ ⎝ This equation is solved for the sales volume in
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1. Five factors you should consider when assessing the suitability of hardware device for connecting to a computer is; Speed‚ Cost‚ Security‚ Capacity‚ Reliability. 2. When installing a new component into a computer system the tasks involved are; Add the component to the computer‚ either connecting in through an existing port or plugging it into an expansion slot in the motherboard. The available ports on most computers include serial‚ parallel and universal serial
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