costs Labor costs of assembly-line workers $110‚000 – Direct labor Sales commissions $35‚000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including
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Journal of Retailing 85 (1‚ 2009) 31–41 Customer Experience Creation: Determinants‚ Dynamics and Management Strategies Peter C. Verhoef a‚∗ ‚ Katherine N. Lemon b ‚ A. Parasuraman c ‚ Anne Roggeveen d ‚ Michael Tsiros c ‚ Leonard A. Schlesinger d b a University of Groningen‚ Faculty of Economics and Business‚ P.O. Box 800‚ NL-9700 AV Groningen‚ The Netherlands Boston College‚ Carroll School of Management‚ Fulton Hall 510‚ 140 Commonwealth Avenue‚ Chestnut Hill‚ MA 02467 United States c University
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RANBAXY’S FALL FROM GRACE INTRODUCTION Ranbaxy Laboratories Limited (Ranbaxy) is a research based international pharmaceutical company serving customers in over 150 countries. The company was incorporated in 1961 and it went public in 1973.In 1998 Ranbaxy entered the United States which is the largest pharmaceutical market. In 2008 Daiichi Sankyo a leading pharmaceutical innovator‚ headquartered in Tokyo‚ Japan acquired a controlling share in the company.
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The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
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In the play King Lear‚ the idea of redemption is predominant throughout as we watch as the King moves from a state of moral blindness to one of clear vision. At the beginning of the play we see how ignorant he his towards how Goneril‚ Regan and Cordelia really think of him. As the play progresses however he begins to see and understand the truth. Lears childlike‚ immaturity that later turns to insanity is brought about by the other characters around him‚ and by the end of the play we see the aftermath
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FINANCIAL ACCOUNTING FOR MANAGEMENT o 6. I 7. J 8. SANJAY INDUSTRIES LTD. Balance Sheet and Income Statement The following is the trial balance bf Sanjay Industries Ltd. as on 31 st March 2006. 1. 2. of Rs. 10 each) Mal IntE Pre Further information 1. Outstanding rent amounted to Rs. 7‚200 while outstanding salaries Rs. 8‚100 at the end Ca: 2. 3. 4. 5. the year. Make a provision for doubtful debts amounting to Rs. 4‚590. Stock on 31st March 2006 was valued
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Comparing Accounting Software Programs to Manual Accounting Manual accounting uses several paper ledgers to record financial transactions. It is very time consuming to record each single transaction onto paper‚ being very cautious not to make an error. There are several ledgers for each part of the accounting system‚ such as accounts payable‚ accounts receivable‚ and revenue accounts. Combining these ledgers into one general ledger‚ provide the balance for each ledger. The general ledger
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Introduction The importance of corporate social responsibility to companies has been widely debated. Companies eager for maximizing the profit with limited cost. Facing the complexity economic environment and growing competition‚ as well as the short-term performance pressures from shareholders‚ companies have no idea but force to restructure the business‚ reduce the labor force and relocate the business to lower-cost regions. However‚ are they really helpful to maintain the competitive advantages
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attributes are not allowed. Some ability specialties are available. List of available specialties (Ability) Talent: Expression Skill: Craft‚ Larceny‚ Performance. Knowledges: Academics‚ Medicine‚ Occult‚ Science‚ Technology. Character Creation Attributes: 7/5/3 Abilities: 13/9/5 Disciplines: 3 Virtues: 7 (+3 with first dots) Backgrounds: 5 Willpower: Courage Rating Humanity/Path: Conscience/Conviction+Instinct/Self-Control Ratings Merits: Available for purchase via Freebie Points
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Table of Contents Case 1 Introduction Jill’s business is expanding while the up going GST prevent her from gaining more profits. The idea of replacing the labor with the help of new equipment will bring about an unprofitable break-even point. However Jill still insist on borrowing from bank to invest in the equipment regardless of the CVP analysis result‚ which raised some ethical issues. Analysis Question 1 Defining the stakeholders There are 5 major stakeholders arising
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