classifying port users and suppliers of port services in the context of economic demand and supply curves; denoting that the demand for port services has two prices‚ the price paid to the port by the users and the price (or actual and opportunity costs) incurred by port user carriers‚ shippers‚ and passengers; presenting economic theories of carriers‚ shippers‚ and passengers. The numerous up-to-date references will be of benefit to students and researchers of the economics of the shipping trade;
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Cost Benefit Analysis What is cost benefit analysis? Cost benefit analysis (COBA) is a technique for assessing the monetary social costs and benefits of a capital investment project over a given time period. The principles of cost-benefit analysis (CBA) are simple: 1. Appraisal of a project: It is an economic technique for project appraisal‚ widely used in business as well as government spending projects (for example should a business invest in a new information system) 2. Incorporates
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DRIVE BK ID Q.No 1 2 ASSIGNMENT FALL 2014 MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2 1 MB0041 FINANCIAL AND MANAGEMENT ACCOUNTING B1624 4 60 Questions Marks Analyze the following transaction under traditional approach. 18.1.2011 Received a cheque from a customer‚ Sanjay at 5 p.m. Rs.20‚000 19.1.2011 Paid Ramu by cheque Rs.1‚50‚000 20.1.2011 Paid salary Rs. 30‚000 20.1.2011 Paid rent by cheque Rs. 8‚000 21.1.2011 Goods withdrawn for personal use Rs. 5‚000 25.1.2011 Paid an
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product line. According to Sippican’s cost accounting system further decrease in the price of pumps would not be acceptable as because of the past price reductions the margin on pumps have already declined from the planned 35% to 5%. Detailed and alternative analysis of the costs – such as Activity Based Cost analysis – reveals alternatives for the management to decide on pricing‚ efficiency measures‚ and product development. Sippican Corporation uses a simple cost accounting system for performance
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ASSIGNMENT DRIVE PROGRAM SEMESTER SUBJECT CODE & NAME BK ID CREDITS MARKS FALL 2014 MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2 1 MB0041 FINANCIAL AND MANAGEMENT ACCOUNTING B1624 4 60 Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Q.No Questions Marks Total Marks 1 Analyze the following transaction under traditional approach. 18.1.2011 Received a cheque from a customer‚ Sanjay at
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is not sure about the difference between cost accounting and a cost accounting system. Explain the difference to Joe. (b) What is an important feature of a cost accounting system? 2. (a) Distinguish between the two types of cost accounting systems. (b) May a company use both types of cost accounting systems? 3. What type of industry is likely to use a job order cost system? Give some examples. 4. What type of industry is likely to use a process cost system? Give some examples. 5. Your roommate
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fixed costs‚ semi-fixed costs‚ and variable costs. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line depreciation expense‚ etc. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line depreciation expense‚ etc. Mixed costs or semi-variable
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affect expansion post-entry are different from those that affect entry. We interpret these results as evidence that McDonald’s optimally focuses on those factors that affect profitability post entry whereas it also considers factors that affect the sunk cost of entry ex ante. November 2004 Preliminary and incomplete‚ please do not quote 1. INTRODUCTION An extensive body of literature on firm expansion beyond domestic borders in international business has focused on entry‚ specifically the issues
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BT 365 COST PLANNING AND CONTROL Lecturer: J.K. Ofori-Kuragu September‚ 2006 Course Objectives / Course Outline: At the end of this course‚ you will know: 1. What Cost Control is. 2. Purposes of Cost control. 3. Elements of Cost Control 4. The Introduction to Cost Control Systems. 5. Cost Analysis and Cost planning 6. Costs in Use 7. Introduction to Value Engineering Recommended Texts • A. Ashworth Cost Studies of Buildings • Ivor Seeley
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____ 1. A cost is not relevant if it: A. B. C. D. E. Does not differ for each option available to the decision maker. Changes from period to period. Is a future cost. Is a mixed cost. Is a fixed cost. 2. Variable costs will generally be relevant for decision making because they: A. B. C. D. E. Differ between options. Are volume-based. Have not been committed and differ between options. Differ between options and have been committed. Measure opportunity cost. 3. Fixed costs will often be
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