# Faculty of Business Economics Accounting Department of essays and research papers

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Last update: September 14, 2016

Chapter One Technical Problem 2 a) Implicit Costs: Opportunity cost = \$500,000 x 14% = \$70,000 Explicit Costs: What is paid for products/services = \$80,000 Total Economic Costs: Implicit Costs + Explicit Costs = \$70,000 + \$80,000 = \$150,000 b) Economic Profit: Total Revenues Ð²Ð‚" Total Economic Cost = \$1,000 - \$150,000 = \$25,000 c) Accounting Profit: Total Revenues Ð²Ð‚" Explicit Costs = \$1,000 - \$80,000 = \$95,000 d) New Implicit Costs = \$500,000 x

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Essay Length: 640 Words / 3 Pages
Submitted: January 16, 2011

Business economics assignment Part A 1. Many firms have similar cost structures, it might be possible to predict the prices of other competing organizations. Also cost plus pricing is simple to compute. Markup= (price-cost)/ cost price= cost (1+markup) P= Lab+ Mat+ Mkt+ F/Q+Z*A/Q Q: planned output A: gross operating assets Z: desired profit rate MR=P/ (1+1/Z) if firm is maximizing profit: MC=MR=P/ (1+1/Z) P= MC* [1/ (1+ 1/Z)] So profit maximizing price is a mark

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Essay Length: 598 Words / 3 Pages
Submitted: July 8, 2011

UNIVERSITY OF ST MARK & ST JOHN NAME: BUSISO MKWANANZI STUDENT NO. R1404D96115 MODULE: BUSINESS ECONOMICS (MBA 608) PROGRAMME: MASTER OF BUSINESS ADMINISTRATION ASSIGNMENT: ONE DUE DATE: 3 AUGUST 2014 TUTOR: DR MICHAEL QUESTION 1 CRITICALLY ANALYSE THE VIEW THAT THE FREE MARKET SYSTEM IS THE BEST AND ONLY REALISTIC ALTERNATIVE FOR DETERMINING ALLOCATION OF RESOURCES IN AN ECONOMY A free market system is an economic system where unrestricted trade between buyers and sellers determines

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Essay Length: 2,757 Words / 12 Pages
Submitted: March 1, 2016
• ## Fundamentals of Business Economics - East Electric

Fundamentals of Business Economics East Electric Summary 1.Introduction 1.1The main activity 1.2 Provided services 1.3.Turnover and net profit 1.4. Address 2.Short history 2.1 Company history 2.2 Biggest accomplishment 3.Departments 4.Key indicators 4.1 What kind of business is it? 4.2 Schedule 4.3 Number of employees 5.Challenge (recommandations and solutions) 5.1 Marketing strategy References: www.eastelectric.ro ; www.risco.ro 1. Introduction 1.1. The main activity of the East Electric company is research and development on other natural sciences and

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Essay Length: 1,267 Words / 6 Pages
Submitted: May 8, 2016
• ## Financial And Business Accounting

Financial accounting is defined as measuring and recording business transactions and providing financial statements that are based on generally accepted accounting principles. It focuses on external reporting. The purpose of financial accounting it to aid accounts in their function of overseeing an organizations financial assets. The central outputs of financial accounting are audited financial statements such as balance sheets and income statements. Financial accounting is geared toward providing information to parties outside the firm, for

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Essay Length: 1,039 Words / 5 Pages
Submitted: December 1, 2010
• ## Economics And Business Of The Asia Pacific

1. Discuss the major economic reforms made by China since 1978 and assess their effectiveness The reforms undertaken in China so far have been instrumental to economic development; since the reform agenda was established China has experienced an average of almost 10% annual growth per year. However China has taken a gradualist approach to reform, introducing 'win-win' changes to combat problems in the economy. This approach has left some important areas still in need of

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Essay Length: 2,638 Words / 11 Pages
Submitted: December 18, 2010
• ## Small Business Accounting Methods

Research Summary Its safe to say that small business owners want to avoid a tax audit at all cost. There are ways to draw attention to your business, and there are also ways to avoid trouble with the IRS. When dealing with the IRS, it is important to use the correct accounting method, have accurate business mileage information, report exact business expenses, and provide proof of charitable donations. Accounting methods for small businesses are not

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Essay Length: 1,059 Words / 5 Pages
Submitted: December 22, 2010
• ## Business And The Role Of Accounting

When preparing financial statements it is important to know how each number is derived and what it will be used for. Using the information below I will show how each monetary unit affects the accounting equation. I will also provide one piece of information for each transaction that will help track its use and provide information for other purposes. The last thing I will show is the four basic financial statements for the month of

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Essay Length: 2,075 Words / 9 Pages
Submitted: December 24, 2010
• ## Any Business And Economics Related Articles, Journals, Reports

What does "popularity rank" mean? How do I copy a paper to my computer? How do you determine the number of pages in a paper? How do I donate a paper? How do I add a link to OPPapers.com on my website? Where is the bibliography? Where are the free papers? Can you find a paper for me? Isn't this plagiarism? Can I get caught using this site? Do teachers know about this site? Do

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Essay Length: 433 Words / 2 Pages
Submitted: December 31, 2010
• ## How To Open A Small Business Account

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Essay Length: 470 Words / 2 Pages
Submitted: January 9, 2011
• ## Ethics, Accounting And Business Decisions

Ethics, Accounting and Business Decisions In the article "Business and Accounting Ethics" written by Dr. K. T. Smith and Dr. L. Murphy Smith, the authors affirm the need for ethics and decision-making in accounting due to recent unfavorable business practices. They stress the importance of maintaining and implementing regulations for professional conduct for public and private accountants. In addition, they raised question, "What is my highest aspiration? The answer might be wealth, fame, knowledge, popularity,

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Essay Length: 611 Words / 3 Pages
Submitted: April 4, 2011
• ## Business And The Role Of Accounting

The owner of R&R Equipment Company has decided to omit an asset and related liability, received 1 week before year end, from their year end balance sheet. The owner feels this is alright since they are omitting both and both sides will still balance. The reasoning behind this might be because the inventory has not yet had a chance to sell and has not yet made any profit for the company. Another reason behind this

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Essay Length: 520 Words / 3 Pages
Submitted: May 3, 2011
• ## Views Of Business Ethics & Managerial Accountability

Views of Business Ethics & Managerial Accountability What is the fundamental purpose of a company? Different people have different answers. Some argue that a company should maximize its returns for its shareholders; while others disagree, saying that company should take the interests of employees and customers into consideration. Meanwhile, most people involved in businessÐ²Ð‚"whether functioning as a small business owner, employee, or chief executive officer of a multinational companyÐ²Ð‚"eventually face ethical or moral dilemmas in

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Essay Length: 761 Words / 4 Pages
Submitted: June 20, 2011
• ## Kudler Accounting System Paper Name BSA 310 Business Systems DATE INSTRUCTOR

Kudler Accounting System Paper Name BSA 310 Business Systems DATE INSTRUCTOR Kudler Accounting System The accounting system is a crucial part of the business operations systems. The current accounting systems, while comprehensive, are lacking some key features that could increase benefits and reduce losses. The accounting information systems are used to gather financial data and provide information for internal and external decisions. These decisions include marketing, purchasing, payroll, investments, sales, and accounts, both payable and

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Essay Length: 1,093 Words / 5 Pages
Submitted: August 25, 2012
• ## Management Accounting for Business

AUT_Business_Law 368904 MANAGEMENT ACCOUNTING FOR BUSINESS TERM 2 2015 Individual Written Assignment PEDRO AND HIS PEANUT BUSINESS Contents 1. Introduction 2.1 The rationale of Webb's build up of full costing 3. The disadvantages of absorption costing method 3.1 The shortfall of absorption costing 3.1.1 Reducing expenses on business segments 3.1.2 Confusion of costs in inventory 3.1.3 Unsuitable used in service industry 3.1.4 Opportunity cost in decision making 3.1.5 Unsuitable for unstable peanut selling 4. Mark’s

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Essay Length: 3,024 Words / 13 Pages
Submitted: September 18, 2015
• ## Faculty of Business English

Abstract In a university’s organizational structure, the faculty is not simply a group of separate students who pursue the same major. Its role should be expanded beyond merely teaching, that is, to create an united group of student as well as provide them the chance to support each other. This paper studies the lack of such a connection among Faculty of Business English (FBE) students. Through realistic observations from inside the Faculty, the necessity of

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Essay Length: 1,865 Words / 8 Pages
Submitted: April 10, 2017
• ## Why Managerial Accountant Is Important in Business

Why Managerial Accountant is important in business Why Managerial Accountant is important in business Yiyao Li 9/6/2017 ________________ Managerial accounting is kind of accounting position that using accounting information identify the problems, finding a possible solution, and evaluate the best decision for the company. Some people think that managerial accountant it’s not necessary for their business because their can does whatever they can. But do they even think why accountant separates in financial and managerial,

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Essay Length: 546 Words / 3 Pages
Submitted: September 27, 2017
• ## The Coca-Cola Company Economic and Business Environment Analysis

ASSIGNMENT 01 Master of Business Administration (MBA) Global Marketing in Digital Era 1 Module Name Global Marketing in Digital Era 2 Module Code MBAC 6100 3 Academic Year 2018 4 Lecturer Name Mr. Koh How Eng. 5 Student Name Prerna Yadav, Jaspreet Kaur Hans, Anuj Tomar, Amit Kumar Singh, Andrews Jose, Akshay 6 Student ID S1018264,S1018320,S1019252,S1016432 ,S1018715,S1019254 7 Assignment Name Assignment 1 8 Assignment Type Group 9 Format Word document 10 Week No. 11 Submission

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Essay Length: 5,212 Words / 21 Pages
Submitted: July 22, 2018
• ## Political Risk Analysis, Geo-Economics, and Global Business

Tommaso Parodi Final Exam of Political Risk Analysis, Geo-Economics, and Global Business 1. The fears of an era of job-less growth due to robotization are unfounded. Discuss The fear of an era of job-less growth due to robotization are founded because several factors may affect the relationship between automatization and workers, allowing the rise of different scenarios. Overall the threat could be contained if we adopt a positive and integrative approach to our relationship with

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Essay Length: 981 Words / 4 Pages
Submitted: February 4, 2019
• ## Accountability Of Equipment

Being accountable for equipment is the most important thing to being successful in the military. In the past couple hundred years, the Military has been successful at winning wars because we are the best equipped. To stay successful, we must keep accountability of all our equipment. When we first sign up for the military, everyone is issued basic military clothing and gear to get through basic training. This is just the start of what you

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Essay Length: 369 Words / 2 Pages
Submitted: July 13, 2010

McKensey's 7s - Strategy Maintain hight quality, comparerative price - this is strong point of GAP. Expand to new market, GAP is strong brand not only in five countries they had already entered but also many market similer to those one. GAP can use their strong brand name to push new product line and target more customer segment such as big size fashion. The cons here is how to make new product which meet GAP

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Essay Length: 468 Words / 2 Pages
Submitted: July 14, 2010
• ## Key Tips On Starting And Running A Successful Business

Every business started out as an idea. It takes dedicated people to turn those ideas into reality. Entrepreneurs dedicate their money, time, and hard work into their business. Most entrepreneurs run the risk of being in great debt if their business is not a success. People who take the risk of starting and managing a business are called entrepreneurs ( (Nickels 4) . There is no guarantee that their business will be successful. An entrepreneur

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Essay Length: 1,410 Words / 6 Pages
Submitted: July 15, 2010
• ## Information Systems And Organizational Departments

Information Systems and Organizational Departments Abstract The three organizational departments that I have chosen for this paper are accounting, management, and human resources. For each of the three aforementioned organizational departments I will provide an overview of the applications that I have selected and I will also discuss how the selected applications relate to that particular organizational department. For the accounting department, I chose the Intacct - Finance and Accounting Software. This application software is

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Essay Length: 607 Words / 3 Pages
Submitted: July 18, 2010

Note: Solve any 4 Cases Study's CASE: I ARROW AND THE APPAREL INDUSTRY Ten years ago, Arvind Clothing Ltd., a subsidiary of Arvind Brands Ltd., a member of the Ahmedabad based Lalbhai Group, signed up with the 150- year old Arrow Company, a division of Cluett Peabody & Co. Inc., US, for licensed manufacture of Arrow shirts in India. What this brought to India was not just another premium dress shirt brand but a new

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Essay Length: 6,018 Words / 25 Pages
Submitted: July 18, 2010
• ## Current Value Accounting

The Current Value Accounting a. The term current values accounting or sometimes called the replacement cost accounting refer to the replacing cost of the current capacity of production as well as the existing inventory. This means that the managers need the replacement for the capacity of the replacement equipment to what are available in the market. This also suggest for the process of evaluation that are necessary for the determination of the purposes. On the

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Essay Length: 1,034 Words / 5 Pages
Submitted: July 18, 2010

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