Besides‚ I am intrigued by discovering something new every day‚ which makes me particularly interested in science. My most beloved subjects are Physics and Biology. Physic gives me the propensity to look in depth into the daily application of Physic‚ how they affect our life and theory behind. I have to admit that it is fairly a challenging subject and it trained me to have an inquiring mind and be conscientious to perform the best in my sheer ability. Biology allows me to learn about our own remarkable
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Average Cost (AVCO) Method of stock valuation allows for the cost of units to be averaged over a period of time‚ making it possible for units issued (sold) to be priced at an average cost. Advantages Disadvantages 1. Makes no assumptions about how the goods are issued. 1. More challenging to calculate 2. Valuation of closing stock will be close to the latest price. 2. A new average must be calculated with every purchase 3. Average price is mainly affected by the amount bought at the different
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Question One (25 marks) Based on module 7 – Budgeting Retail outlets purchase snowboards from Slopes Ltd.‚ throughout the year. However‚ in anticipation of late summer and early autumn purchases‚ outlets ramp up inventories from January through May. Outlets are billed when boards are ordered. Invoices are payable within 60 days. From past experience‚ Slopes’ accountant projects 20% of invoices are paid in the month invoiced‚ 50% are paid in the following month‚ and 30% of invoices are paid
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Multiple Choice Questions 1. Which of the following statements is true? A. The word "cost" has the same meaning in all situations in which it is used. B. Cost data‚ once classified and recorded for a specific application‚ are appropriate for use in any application. C. Different cost concepts and classifications are used for different purposes. D. All organizations incur the same types of costs. E. Costs incurred in one year are always meaningful in the following year. 2. Which of the following
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action. Based on Schon (1987) theory reflection in action is a process which allows us to reshape what we are working on‚ while we are working on it. On the other hand‚ reflecting on action and thinking back on what we have done in order to discover how our knowing in action may have contributed to an unexpected outcome. There are many types of reflective theory to reflect on action. Gibbs Model of Reflection is a common model of reflection that is used within the health professions. It consists of
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production flows. When products flow immediately from one processing stage to the next‚ there is less build-up of work-in-process inventories. Question 2 Identify and explain each of the three major cycles of the total-life-cycle-costing approach How does the total-life-cycle costing approach differ from traditional product-costing? Explain. Answer Research‚ Development‚ and engineering cycle: target costing and value engineering Manufacturing cycle: activity-based costing‚ Kaizen costing post-sale
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SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 7-1 The correct order is: 1. 2. 3. 4. Identify the problem and assign responsibility. Determine and evaluate possible courses of action. Make a decision. Review results of the decision. BRIEF EXERCISE 7-2 Net Income Increase (Decrease) ($ 35‚000) (25‚000) $ 10‚000 Alternative A Revenues Costs Net income $150‚000 100‚000 $ 50‚000 Alternative B $185‚000 125‚000 $ 60‚000 Alternative B is better than Alternative A. BRIEF EXERCISE 7-3 Net Income
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UNIVERSITI UTARA MALAYSIA COLLEGE OF BUSINESS SESSION A131 ______________________________________________________________________________ COURSE CODE : BKAF3083 COURSE : ACCOUNTING THEORY AND PRACTICE PRE-REQUISITE : BKAF3073 FINANCIAL ACCOUNTING AND REPORTING IV 1.0 SYNOPSIS This course is an advanced level course focusing on financial accounting theory; and as such‚ it differs from other accounting courses learnt previously. It
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Global Marketing Global marketing is a firm’s ability to market to almost all countries on the planet. With extensive reach‚ the need for a firm’s product or services is established. The global firm retains the capability‚ reach‚ knowledge‚ staff‚ skills‚ insights‚ and expertise to deliver value to customers worldwide. The firm understands the requirement to service customers locally with global standard solutions or products‚ and localizes that product as required to maintain an optimal balance
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HSC 2024 Pressure area care (1.1) describe the anatomy and physiology of the skin in relation to skin breakdown and the development of pressure sores ANATOMY AND PHYSIOLOGY The skin is primarily composed of three layers. The skin‚ which appears to be so thin‚ is still itself divided into epidermis‚ dermis‚ and subcutaneous layer or hypodermis. Please refer to the figure below to understand all the three layers. Each layer has it own function and own importance in maintaining the
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