Rapid technological change has shaped the world we live in today. Far from having a positive influence‚ living in a hi-tech world dependent on computers and mobile devices has distanced us from what is really important in life. There has been significant progress in many sectors‚ such as health‚ engineering‚ education etc.‚ with the advancing technology. Over and above‚ the fact that we can quickly reach any information we need in very short space of time has made our lives more practical
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Chapter 16 Managerial accounting concepts and principles 1) Direct costs are identified with and can be traced to a cost object. Indirect costs cannot be identified with or traced to a cost object. 2) Costs by function: A) Product costs consist of manufacturing costs: direct materials‚ direct labor and factory overhead. B) Period costs consist of selling and administrative expenses. 3) A) Prime costs which consist of direct materials and direct labor costs. B) Conversion costs which consist
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Managerial Accounting‚ 3e (Braun/Tietz) Chapter 2 Building Blocks of Managerial Accounting 1) Service companies must carry a large amount of inventory to meet consumer demand. Answer: FALSE Diff: 1 LO: 2-1 EOC: E2-1 AACSB: Reflective Thinking Learning Outcome: Define and use cost-volume-profit analysis to analyze the effects of changes in costs and volume on a company’s profits 2) Manufacturing companies usually have three types of inventory. Answer: TRUE Diff: 1 LO: 2-1
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Managerial Technology Homework Assignment spring 2012 1. Compared to the agricultural age where the work force focuses on the production of food‚ we now work in the _____ age where the focus has shifted to the production of knowledge. A. Information age B. Industrial age C. Knowledge age D. Technology age 2. If you wanted to ensure that your business maintains a desirable return on your investment with technology‚ what should be one of your main concerns? A. Your technology helps streamline
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Critical analysis Article descriptions The journal article named “The crisis of fair-value accounting: Making sense of the recent debate” is written by Christian Laux and Christian Leuz in Accounting and Organisations and Society journal (2009). Mr Laux works as a professor of finance at the Goethe University in Frankurt and his research has been published in many journals. Mr Leuz works as a professor of International Economics at University of Chicago Booth School of Business. He has done
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Thomas Edison State College Principles of Managerial Accounting (ACC-102) Final Project 1. Cost-volume-profit relationships (15 points) The following data are available for a product manufactured and sold by Logan Company: Compute the following: (a) Contribution margin per unit: $_______________ Solution: Computation of the Contribution margin per unit Contribution margin per unit = Selling price per unit – Variable Cost per unit Where as Selling price per unit = 212 Variable Cost per
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Content Page Executive Summary........................................................................................................pg. 3 Shareholder Value Maximization....................................................................................pg. 4 Strengths and Weaknesses of using financial ratio analysis..........................................pg. 5 Reference List ....................................................................................................
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Conversion Cost NO. Prime Cost NO.....Conversion Cost YES. Instructor Explanation: Chapter 2 Points Received: 6 of 6 Comments: 2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n) Student Answer: period cost. incremental cost. opportunity cost. None of the above Instructor Explanation: Chapter 2 Points Received: 6 of 6 Comments:
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CHAPTER I PROBLEMS AND ITS BACKGROUND A. Introduction Technology today touches everything we do. You never know how much something can play a major role in your life until you sit back‚ relax‚ and sit right in front of the computer and access the internet. It can be beneficial in your family‚ business and personal life. Technology is an absolute need we cannot escape from. We are so dependent on them that we cannot do without them. Let’s just say‚ it has a very big role in most aspects of
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GPS on phones have led to great benefits‚ for example location-based services and navigation for users‚ but are there negative consequences; consider a user’s privacy? How is this affected‚ positively and negatively? T Islam K1031756 CI1141 – Technology & Change Executive summary: Introduction: GPS is widely used now days. In this report I will research the impact it has on user’s regarding their privacy and safety as well as the benefits GPS has provided. In today’s world‚ where GPS
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