How do banks allocate their costs from the back office to the front office? On what basis are the costs allocated? On what basis do you think would be the most equitable for banks? The various business organizations and banks are seeking tremendous challenges due globalization and its emerging competitive trends. Cost allocation in banks is also one of these competitive challenges in the USA market. Now banks are also revising its polices one after another for an effective marketing strategy
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Allocation of Fixed Costs ACC 403 Principles of Accounting The articles describe two different approaches: Lean accounting and activity based costing. Both have pros and cons and the selection of "what is best for allocating IT" likely rests with the culture and types of businesses. I personally believe that activity-based costing‚ which essentially casts IT as a variable cost‚ making users sensitive to the requests they make of IT because every request is an incremental cost to their
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The right to obtain abortions has been a debated topic since the 1800s. It has been the subject of intense Supreme Court litigation and is publically debated during presidential elections. Abortion is defined as ending a pregnancy by removing a fetus from the uterus (“Abortion”). Abortion is also controversial because those who take a stance may have cultural and religious influences. There are many activist groups that argue pro-choice or pro-life. Pro-Life followers argue abortions should be prohibited
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ARGUMENTS IN FAVOR OF THE DEATH PENALTY. by Greg Slack There are many among us that feel the death penalty is both cruel and barbaric‚ and not an effective crime deterrent. Others may feel it makes murderers of us as well‚ thinking that one is no more morally right than the other. To that end I ask one simple question: what are our alternatives? What are our alternatives when prisons are overcrowded‚ funding for the correctional systems are overstretched‚ and finding places for new prisons
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the unfair headquarters’ overhead cost allocation method of Korea insurance company. There are concerns towards the system by a manager. And that lead to reduce on net income of branches. Jin Kim is trying to develop more efficient systems. The reading text is about the headquarters’ cost allocation method of Korea insurance Co. Inc. Jin Kim‚ manager of the company‚ accused that the costing systems is inefficient as it leads to decrease in incremental cost inappropriately and discourages employees
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Alexander Hamilton once said of the Electoral College‚ that‚ “The mode of appointment of the Chief Magistrate of the United States is almost the only part of the system‚ of any consequence‚ which has escaped without severe censure. . . . I venture somewhat further‚ and hesitate not to affirm that if the manner of it be not perfect‚ it is at least excellent” (Schumaker 13). These words that were spoken more than 200 years ago still ring true today; the system we use to decide our chief of state may
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Therefore‚ he/she must be elected with something effective. The Electoral College is a system that is favored by some‚ but disliked by some as well. I think the Electoral College is a great concept and no changes should be made to it. One argument in favor of the Electoral College I found most convincing was that it “contributes to the cohesiveness of the country by requiring a distribution of popular support” to be elected president. I found this the most convincing because I think the Electoral
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allocate service department costs to “production” or user departments‚ and ultimately to the products and services that they provide. For example‚ hospitals use sophisticated methods for allocating costs of service departments such as Housekeeping‚ Patient Admissions‚ and Medical Records to patient wards and outpatient services‚ and then to individual patients. Historically‚ these allocations were important to hospitals because Medicare reimbursement was based on actual costs. To the extent that the
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Joint-cost allocation. Elsie Dairy Products Corp. buys one input‚ full-cream milk‚ and refines it in a churning process. From each gallon of milk Elsie produces three cups of butter and nine cups of buttermilk. During May 2010‚ Elsie bought 12‚000 gallons of milk for $22‚250. Elsie spent another $9‚430 on the churning process to separate the milk into butter and buttermilk. Butter could be sold immediately for $2.20 per pound and buttermilk could be sold immediately for $1.20 per quart (note: two
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allocate costs? How do companies allocate costs? And how this cost allocation can affect the decision making of the company. It is important for the companies to find the proper method to allocate the costs. Cost allocation is an important issue in many companies because many of the costs associated with designing‚ producing and distributing products and services are not easily identified with the products and services that are created. It would have been easier for companies to allocate cost if costs
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