1. Discuss internal‚ domestic and global environments of business revealed by this case. Answer: Internal/domestic environments a) The business decision making process in Indian govt. sector is pretty slow which leads to unnecessary loss of time and money. In this case‚ the slow process lead the to loss of opportunity to buy a firm (premier Oil) b) There are much more than required levels of clearances that needs to be taken to acquire a company abroad. Application is reviewed
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Bissinger’s essay focuses on the negative aspects of high schools sports‚ arguing that the worst aspects of professional and college sports have contaminated competition at the high school level. Write an essay in which you present the beneficial effects of high school sports on athletes‚ families‚ and communities‚ For example‚ you might discuss how playing on a team sport teaches students about working with others on a school assignment‚ a family project‚ or a community event. Tamesha Davis
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corporations have to take. Cost analysis is one of the factors that should be taken into consideration while evaluating financial and investment decisions. This paper reviews the concept of cost analysis‚ how it is used in decision making‚ and how firms usually involve cost analysis in evaluating different projects. Furthermore‚ the paper discusses some of the main concepts that are derived from cost analysis such as cost allocation‚ cost-effectiveness analysis‚ and cost-benefit analysis. In addition
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Chapter 1 Basic Cost Concepts Learning Objectives • To understand the meaning of different costing terms to understand different costing methods • To have a basic idea of different costing techniques • To understand the meaning of cost sheet In order to determine and take a dispassionate view about what lies beneath the surface of accounting figures‚ a financial analyst has to make use of different management accounting techniques. Cost techniques have a precedence over the other
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It also discusses the significance of the study as well as its scope and limitations. Introduction The standard of living is a measure of the material welfare of the inhabitants of a country. The baseline measure of the standard of living is real national output per head of population or real GDP per capita. A sustained increase in real GDP increases a nation’s standard of living providing that output rises faster than the total population. (Geoff Riley‚ Eton College‚ September 2006). The Philippines
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Cost accounting 4-37 General ledger relationships‚ under- and overallocation. The solution assumes all materials used are direct materials. A summary of the T-accounts for Needham Company before adjusting for under- or overallocation of overhead follows: Direct Materials Control Work-in-Process Control 1-1-2008 30‚000 Purchases 400‚000 Material used for manufacturing 380‚000 1-1-2008 20‚000 Direct materials 380‚000 Transferred to finished goods 940‚000 12-31-2008 50‚000 Direct manuf.
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“Where to live” is the most common question for young people cause it affects a lot to the rest of their lives. As its modern facilities‚ some people prefer living in urban rather than in rural areas. However some debate that people will harm their health when live in big city. No one is wrong and everything has its own reason. I will discuss this controversy as the following paragraphs. As I have mentioned‚ big city attracts people for its modernization including health care system‚ entertainment
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Cost Classifications for Decision-Making. Every decision involves choosing from among at least two alternatives. Only those costs and benefits that differ between alternatives are relevant in making the selection. This concept is explored in greater detail in the chapter on relevant costs. However‚ decision-making contexts crop up from time to time in the text before that chapter‚ so it is a good idea to familiarize students with relevant cost concepts. 1. Differential Costs. A differential cost
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We already know that following are the important cost concepts related to the production process of a firm: • Fixed Cost • Varibale Cost • Average Cost • Marginal Cost please refer to following page Introduction to Cost Concepts to understand various cost concepts in detail. Here we will briefly state again the meaning of above stated cost concepts for better understanding of the module on short run cost analysis. Fixed Cost is that cost which does not change (that is either goes up or
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City Living vs. Country Living There are many advantages and disadvantages of choosing to live in the country or to live in the city. But the advantages of living in the country definitely outweigh the advantages of living in the city. In the city‚ public schools are often packed full of students resulting in larger class sizes and no real teacher student relationship. You would be lucky if your teacher could put a name to your face. Though‚ bigger schools in the city offer more courses for
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