LIMITING REAGENT Practice Problems 1. At high temperatures‚ sulfur combines with iron to form the brown-black iron (II) sulfide: Fe (s) + S (l) ( FeS (s) In one experiment‚ 7.62 g of Fe are allowed to react with 8.67 g of S. a. What is the limiting reagent‚ and what is the reactant in excess? b. Calculate the mass of FeS formed. 2. Arcylonitrile‚ C3H3N‚ is the starting material for the production of a kind of synthetic fiber acrylics) and can be made from
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Situation ethics was developed in the 1960’s by an Anglican Priest‚ Joseph Fletcher. Situation Ethics is an ethical system which embraces the fact that love is the only moral criterion and all of our decisions/actions are to be judged by the question‚ “What is the most loving thing to do?” This question shows that whatever is the most loving thing to do in a situation is considered the right thing. Situation ethics means that there is no ethical standard that can be uniformly or consistently applied
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Situation analysis Overview of the organisation Ranbuild is a prominent steel building company in Australia and has expanded‚ making inroads into diverse overseas destinations for more than 60 years. Ranbuild has grown quickly and led the steel shed building business in Australia; starting the business in Newcastle in 1949 (Ranbuild‚ n.d.). Kerry Packer later bought the company and took it public in the early 1970’s. Starting as R&N steel buildings‚ the company has expanded business with guard
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volume-based product costing system. The Overhead costs of Duo plc have been allocated using the Traditional costing system in table 1. The Overhead costs have been allocated using Direct Labour Hours (DLH) of production (Direct Labour Hour absorption approach). That is‚ Total Overhead costs were divided by the addition of all DLHs‚ giving us the overhead rate per labour hour (£10.345). This method was used since‚ firstly‚ it is the basic method of traditional volume-based costing‚ and secondly‚
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Activity based costing Definition and concept ‘An approach to the costing and monitoring of activities which involves tracing resource consumption and costing final outputs. Resources are assigned to activities‚ and activities to cost objects based on consumption estimates. The latter utilise cost drivers to attach activity costs to outputs.’ Activity-based costing (ABC) is a costing methodology that identifies activities in an organization and assigns the cost of each activity with resources
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between Variable & Absorption Costing When it comes to managerial accounting‚ the way that information is presented can affect decision-making for a business. In a manufacturing environment‚ companies can use absorption costing or variable costing when accounting for the costs of products produced. While these methods are similar‚ they have some key differences that can impact the company. Absorption Costing * Absorption costing‚ also known as full costing is a method by which all of the
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One of my favorite examples of what I described in the paragraph above is the weak leader who cannot deal with subordinates who use emotional deceit as a weapon of destruction. Every workplace is plagued with manipulative people who use emotion to create conflict in order to cover-up for their lack of substance. These are the drama queens/kings that when confronted about wrongdoing and/or lack of performance are quick to point the finger in another direction. They are adept at using emotional tirades
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Ethical Situations in Business Competency 310.2.1: Ethical Issues in Business Business Management / October 2012 Abstract This essay examines the ethical and socially responsible courses of action in a given business situation. Company Q is a small local grocery store chain located in a major metropolitan area. They have recently closed a couple of stores in higher-crime-rate areas of the city‚ reportedly because these two stores were consistently losing money. After years of requests from
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Part one: Activity-based costing (ABC) is an accounting system that aids in providing various methods of calculating dynamically and practically the true cost of doing business for manufacturers and services. The core characteristic of ABC is that overhead costs are driven by activities themselves not products. ABC assigns a company’s overhead costs‚ which are the indirect cost such as electricity‚ lighting‚ heat or marketing‚ into the product’s cost. Specifically‚ ABC applies nonunit-level activity
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August 31‚ 2012 Ethical Situations in Business EST1 Task 2 Myself and two other individuals have decided to start a company that will provide management consulting services to nonprofit organizations. Our company will be small with about 15-20 total employees. Since many of our clients will be paying from funds provided by government sources‚ we have decided that it would be appropriate to have an ethics program in place before we start offering services. The ethical failures of many
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