Case Study Inventory The Cost of Inventory The general principle for cost inclusion into inventory for US GAAP and IFRS is similar but not exactly the same. First let us look at US GAAP. The basis of accounting for inventories is “cost‚” which is explained in ASC 330-10-30 paragraph 1 as “the sum of the applicable expenditures and charges directly or indirectly incurred in bringing an article to its existing condition and location.” These costs are divided into two different categories‚ the
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proving difficult at the moment because the Stanford runners all seemed to prefer… nothing” (McDougall 169). McDougall also references the physical and cultural history of humans as logical reasoning for his argument. Our human ancestors used to run as a means for survival. “You ran to eat and to avoid being eaten; you ran to find a mate and impress her… you had to love running‚ or you wouldn’t live to love anything else” (McDougall 93). If people millions of years ago could survive without shoes
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Does true altruism exist? ______________________________________________________________ The concept of altruism has been around for a long time and the debate on its existence has been for almost as long in both philosophical and psychological circles. Altruism has been defined by Batson et al.‚ (1981); the motivation that arises within in an individual to help another in distress‚ from the desire to reduce the other’s distress. Some have argued that true altruism does not exist. Those believe that
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The Cost of Childcare “According to the U.S. Department of Health‚ between the years 2011 and 2012‚ 38 states and the District of Columbia‚ child-care costs exceed their recommendation of no more than 10 percent of a family’s income (Blair 4).” However for many parents child care is a must. Child care expenses are at a premium‚ changing work circumstances could benefit both parents and children. Financially‚ there are both risk and benefit to the overall future of events. While scheduling to be
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Chapter 8 The Cost of Capital 236 CHAPTER 8—THE COST OF CAPITAL TRUE/FALSE 1. Capital refers to items on the right-hand side of a firm’s balance sheet. 2. The component costs of capital are market-determined variables in as much as they are based on investors’ required returns. 3. The cost of debt is equal to one minus the marginal tax rate multiplied by the coupon rate on outstanding debt. 4. The cost of issuing preferred stock by a corporation must be adjusted to an after-tax
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How to Run a Marathon Introduction Marathons were introduced into the athletic world in the ancient Greek Olympic games. The idea of running 26 miles came from the story of Phidippides‚ a messenger who ran 26 miles to inform Greek forces of their victory in the city of Marathon. Marathons can be very rewarding‚ but if you train improperly‚ it can impede your ability to race the rest of your life. Pre-training The first step is to select the right equipment. Before running‚ you need to stretch
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Cost Behavior Cost behavior is term for describing whether a cost changes when the level of output changes. The cost can vary proportionately with the changes in the level of activity or unaffected by changes in the level of activity. Costs can be variable‚ fixed‚ or mixed. A cost that does not change in total as output changes is a fixed cost. A variable cost‚ on the other hand‚ increases in total with an increase in output and decreases in total with a decrease in output. Understanding how costs
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Cost of Capital Definition: cost of capital is the rate of return that a company must earn on its project investments to maintain its market value and attract funds. The cost of capital to a company is the minimum rate of return that is must earn on its investments in order to satisfy the various categories of investors‚ who have made investments in the form of shares ‚ debentures and loans. The cost of capital in operational terms refers to the discount rate that would be used in determining the
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Raymond’s run because it tells the story of his sister’s excitement when she sees him running. Squeaky never thought about her brother as a run‚ she was always so focused on her abilities and skills that she failed to notice that her brother would always‚ “keep up with [her] on [her] trots‚” and he knew how to breathe properly by observing her. At the end of the story it is not about Squeaky and how many times she has won the competition‚ but it is about Raymond’s ability and skills to run‚ and his
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Sunk Cost-cost that has already been incurred and cannot be avoided no matter what a manager decides to do. A business segment should only be dropped if a company can avoid more in fixed costs than it loses in: contribution margin Which of the following techniques describe how a bottleneck should be managed: Find ways to increase the capacity of the bottleneck‚ ensure there is minimal lost time at the bottleneck due to breakdowns and set-ups‚ focus business process improvement efforts on the bottleneck
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