Liquor industry-In 2013… India is the 3rd largest liquor market in the world. One of the fastest growing markets in the world‚ on the back of demographics & economy. The overall retail market size of liquor is ~$35 billion per annum. Strong MNC presence with Diageo‚ Beam Global‚ Pernod Ricard‚ Heineken‚ SAB Miller‚ Carlsberg and more. There are 3 broad categories – IMFL (Indian Manufactured Foreign Liquor which includes whiskey‚ rum‚ brandy‚ vodka & gin)‚ Beer and Country Liquor (cheaper‚ spiced
Premium Alcoholic beverage
Lesson-13 Elements of Cost and Cost Sheet Learning Objectives • • • To understand the elements of cost To classify overheads on different bases To prepare a cost sheet Elements of Cost Raw materials are converted into finished products by a manufacturing concern with the help of labor‚ plants etc. The elements that constitute the cost of manufacturing are known as elements of cost. The elements of cost include the following: • • • Material Labor Expenses Each of these elements is again subdivided
Premium Variable cost Total cost Marginal cost
Zumba Zumba is a dance fitness program created by Colombian dancer and choreographer Alberto "Beto" Perez during the 1990s. Zumba involves dance and aerobic elements. Zumba’s choreography incorporates hip-hop‚ soca‚ samba‚ salsa‚ merengue‚ mambo and martial arts. Squats and lunges are also included. Zumba Fitness‚ an organization that sells Zumba videos and products‚ does not charge licensing fees to gyms or fitness centers. Approximately 14 million people take weekly Zumba classes in over 140‚000
Premium Dance Aerobic exercise Physical exercise
pre-determined cost structure to account for and control expenses. WaMu primarily realizes transaction costs‚ fixed costs‚ and variable costs. Because WaMu doesn’t provide free services per-say‚ the sunk costs of the structure are fairly minimal. Transaction costs constitute the next smallest portion of WaMu’s cost structure. WaMu is free of infrastructure based transaction costs like those that smaller retailers who use point of sale services might incur. The primary transaction costs are the commissions
Premium Costs Cost
Composition9/Pd.3 May 9‚ 2013 Muslim center near the World Trade Center. Terror and fear was exhibited around the whole country in one day. This day is infamous for many Americans and is a day of remembrance. 9/11 was a day of sadness mixed with shock as we were at our most vulnerable. Twelve years later the devastation is still felt. Especially when a Muslim group wants to built a Muslim center‚ two blocks away from where the World Trade Center stood. The Muslim center will include a mosque for Muslims
Premium September 11 attacks World Trade Center Al-Qaeda
source same End result ! ends with financial statements ! integral part of other business aspects B. Cost Accounting Terminology 1. Nature of Cost Cost - A sacrifice of resources: Cost is a measurement in monetary terms of the amount of resources used for some purpose. Expense - The cost charged against revenue in a particular accounting period. 2. Purposes of Gathering Cost Information Routine decision making:
Premium Management accounting Costs Cost accounting
manufacturing cost categories. LO2 Distinguish between product costs and period costs and give examples of each. including calculation of the cost of goods sold. LO4 Prepare a schedule of cost of goods manufactured. LO5 Understand the differences between variable costs and fixed costs. LO6 Understand the differences between direct and indirect costs. LO7 Define and give examples of cost classifications used in making decisions: differential costs‚ opportunity costs‚ and sunk costs. LO8
Premium Costs
Advantages and disadvantages of variable costing Many managers use variable costing for internal reporting and decision making since it has number of advantages (Myers par. 1). First‚ on variable costing reports costs are organized by behavior which makes it easier to understand. Also‚ variable costing statements facilitate cost volume profit (CVP) analysis because it separates cost behavior by fixed and variable. Under variable costing‚ changes in inventory or production do not affect the
Premium
The fall fitness blues: how to stay in shape as summer ends Sunshine‚ beach days‚ hikes‚ surf‚ sand‚ the list is endless for fun reasons to stay in shape in the summer months. As‚ school picks back up‚ the days cool down and vacation days are left behind‚ it is easy to let those summer fitness goals go down with the sunshine. But that doesn’t have to be the case! In fact‚ I find that as school starts‚ my fitness actually improves. I know that’s totally backwards right? But for me‚ it’s true. Since
Premium
VARIABLE-RATE PREFERRED STOCK Preferred stock has frequently been issued in connection with mergers and acquisitions. Often the preferred stock is issued with a conversion feature‚ so in the long run there is a probability it will become common stock capital. Preferred stock allows the acquired firm’s owners a prior claim relative to common stock and reasonably definite dividends while simultaneously giving the acquiring firm a form of leverage without strapping it with the rigid obligations of
Premium Stock Preferred stock Corporate finance