Financial accounting p2 Samenvattingen, Aantekeningen en Examens

I-Core P370 Operations Midterm Questions With Correct Answers. Transformation System A user of resources that transforms inputs into some desired outputs Types of Transformations (6 Total) Physical - Manufacturing Locational - Transportation Exchange - Retailing Storage - Warehousing Physiological - Health Care Informational - Telecommunications Triple bottom line An accounting framework with three parts: social, environmental (or ecological) and financial. [People, Planet, Pr...

1. Target Costing Formula Expected Selling Price - Required Profit 2. Cost Gap Current/estimated cost - target cost 3. Addressing cost gap? 4. Life Cycle Cost- ing (LCC) 5. Product Life Cy- cle (PLC) 6. Product Life Cy- cle - Introductory Stage 7. price penetration strategy 8. price skimming strategy How to reduce cost/identify where excess cost coming from? One way to do this may be to mechanize the pro- duction process to reduce wastage accumulation of costs for act...

SOLUTIONS MANUAL Engineering Economics Financial Decision Making for Engineers, 6/e Sixth Edition CHAPTER 1 Solutions to Chapter-End Problems A. Key Concepts When to Use Engineering Economics: 1.1 (a) Yes - several quantifiable alternatives exist (b) Yes - if quantifiable (c) No - alternatives are not quantifiable (d) No - since it mainly involves intangible qualifications of the candidate (e) Yes - at least two alternatives are quantifiable (f) Yes - with quantifiable costs and ...

What is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues - correct answer -total revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits - correct answer -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -cos...

Aue3702 exam pack solutions AND explained NOTES. QUESTION 2 41 marks Librarians Ltd's (Librarians) main business involves the sale of books to various book stores all over South Africa. You are the audit senior in charge of the audit for the year ended 31 December 2015. Sales Librarians uses an automated sales system. Based on your identification and assessment of risk in the planning stage of the audit of Librarians, you decided to use a combination of tests of details and substantiv...

P1 describe the recruitment documentation used in a selected organisation P2 describe the main employability, personal and communication skills required when applying for a specific job role P3 describe the main physical and technological resources required in the operation of a selected organisation P4 describe sources of internal and external finance for a selected business P5 interpret the contents of a trading and profit and loss account and balance sheet for a selected company P6 illus...

P1 describe the recruitment documentation used in a selected organisation P2 describe the main employability, personal and communication skills required when applying for a specific job role P3 describe the main physical and technological resources required in the operation of a selected organisation P4 describe sources of internal and external finance for a selected business P5 interpret the contents of a trading and profit and loss account and balance sheet for a selected company P6 illus...

P1 describe the recruitment documentation used in a selected organisation P2 describe the main employability, personal and communication skills required when applying for a specific job role P3 describe the main physical and technological resources required in the operation of a selected organisation P4 describe sources of internal and external finance for a selected business P5 interpret the contents of a trading and profit and loss account and balance sheet for a selected company P6 illus...

P1 describe the recruitment documentation used in a selected organisation P2 describe the main employability, personal and communication skills required when applying for a specific job role P3 describe the main physical and technological resources required in the operation of a selected organisation P4 describe sources of internal and external finance for a selected business P5 interpret the contents of a trading and profit and loss account and balance sheet for a selected company P6 illustrate...

P1 describe the recruitment documentation used in a selected organisation P2 describe the main employability, personal and communication skills required when applying for a specific job role P3 describe the main physical and technological resources required in the operation of a selected organisation P4 describe sources of internal and external finance for a selected business P5 interpret the contents of a trading and profit and loss account and balance sheet for a selected company P6 illus...