DEPARTMENT OF ACCOUNTANCY UNIVERSITY OF ILLINOIS MEMORANDUM TO: Raluca Chiorean FROM: Section AE2 DATE: June 30‚ 2012 SUBJECT: Samuel’s Electronics Analysis INTRODUCTION In this memorandum‚ I’ll discuss strengths and weaknesses of using FIFO versus LIFO as the cost flow assumption in the accountant’s process of inventory valuation for financial statement reporting to a company’s external stakeholders. FIFO AND LIFO ANALYSIS As shown in the exhibit‚ because the price of LG TV was decreasing
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Introduction For our behavioural Science continues assessment project we chose the following question."Write in detail on four of the following Behavioural Science terms."The four terms we chose were the following 1.Observational studies 2.Qualitative data & analysis of qualitative data 3.Psychometrics 4.Generalisability in behavioural/social science For observational studies we start off with the definition. Observational studies is defined as the following" it is a study in which a researcher
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Contribution: The research conducted has several strengths and weaknesses to be addressed. To begin‚ I believe that the following areas within the article could be altered: population studied‚ position of camera‚ time workers have to adapt and adopt implementation‚ employees observed working with residents‚ and a larger sample size. The following areas could be added: definitions of topics‚ a controlled group‚ and observation of long-term effects of the programs. Finally‚ the following areas should
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Strengths‚ Weaknesses‚ Opportunities and Threats about my business (E-Commerce) Strengths Ability to compete with other companies global and locally -Implementing an e-commerce business solution allows companies to expand their customer base to a global level without considerable time or expense. Specialization and niche selling -The larger customer base created by online sales allows e-tailers to specialize in certain niche products that could not support a more traditional business model
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1.0 Recommendations: 1. Continue the Emphasis on Delivering High and Personal Customer Service 2. Leverage the website for marketing purposes‚ focus on increasing revenues and not necessarily reducing costs. 3. Establish and manage a customer awareness database to be leveraged by all Four Seasons properties. 4. Solicit select feedback from customers regarding use of technology‚ e.g. concerning automated checkout (i.e. should it be an option). 5. Implement a ’Seasons Pass’ - rewards program to
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Outline two different psychological approaches to identity. What are the strengths and weaknesses of each? The process of attaching meaning to the concept of identity is arguably a subjective one. Is an individual ’s identity a self-perception‚ or should identity be considered more in terms of a summary view of how others perceive a individual? If an individual identifies themselves as holding certain characteristic traits‚ yet others do not associate those traits with that individual‚ then what
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Weaknesses of modern democracy Political science 202 01/01/2013 “Democracy is the worst form of government‚ except for all those others that have been tried from time to time.” These are the words used by Sir Winston Churchill while he was expressing his resolve with democracy. Democracy is the dominant form of government in the world with the exception of a few countries. In Sir Winston’s statement‚ the phrase‚ “except all those others that have been tried from time to
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Taylor Emig 10/13/12 Psychology Behavioral Change Everyone has that one behavior they would like to change. The behavior I tried to change was to limit myself to going to Dairy King as much as I normally did. My specific goal was to limit going to Dairy King twice a week rather than six times a week or more. I wanted to change this behavior for a few reasons. Going to Dairy King is very fattening for me‚ and I do not want to eat such fatty foods everyday because it is not a healthy choice for me
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Strengths British Airways is an established and a well-known brand and an icon that carries the symbol of UK air travel‚ is the largest British based airline considering it financial size and stability. Rich‚ strong and robust partnerships founded Oneworld alliance‚ becoming the third largest in the world. BA also takes advantage of Economies of scale by using the spare space of aircraft for cargo services.Additionally‚ a sole access to Terminal 5 development boost mobility in Heathrow airport Weakness
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reading the article “Behavioral Gentics” by Joseph McInerney . McInerney provided in depth research that alluded to the fact that genetics alone does not influence human behavior. He believes that unless every person is tested a definitive correlation between genetics and behaviors will not exist.(J. McInerney ‘Behavioral Genetics” 24Aug2011) In case studies‚ researchers only test a select few and this does not provide enough information to prove or disprove genetics behavioral influence. According
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