Cost accounting

arise in the CTC especially involving the supplier selection process that is responsible for providing services. Purchaser are responsible for the selection of contractors / suppliers and the selection process depends specifies criteria in terms of cost, quality services and value for money. But the role of the CTC to select contractors who are capable of carrying out the tender offer does not function when local government officials do not choose a contractor based on criteria that should be…

income of USD$20,000 - USD$1,000,000. Meanwhile, a luxury watch is expected to entice customers earning an annual income of USD$1,000,000 and more. According to TechTimes.com, the most expensive smartwatch in the market belongs to LG’s G Watch R which costs around USD$400 (http://www.techtimes.com/articles/17546/20141009/lgs-g-watch-r-is-the-most-expensive-smartwatch-on-the-market.htm). The most expensive designer watch? The Hublot Classic Fusion Haute Joaillerie – USD$1,000,000…

has been presented to the world on many environmental issues there is enough evidence for educational mind to act upon. Waiting for all the evidence will result in us waiting forever thus action should be taken now to prevent future disasters as it costs far less in implementing preventive measures. If the PP is to be used in risk analysis criteria must be negotiated for determining what are plausible threats associated with an action. Given a particular type of harm, a minimum probability level…

In queuing theory, a discipline within the mathematical theory of probability, an M/D/1 queue represents the queue length in a system having a single server, where arrivals are determined by a Poisson process and job service times are fixed (deterministic). The model name is written in Kendall's notation.[1] Agner Krarup Erlang first published on this model in 1909, starting the subject of queuing theory.[2][3] An extension of this model with more than one server is the M/D/c queue An M/D/1…

Ferdoushi Akhtar Hashi Chowdhury 23/03/2018 Liability in Civil Engineering – A Case Study Carillion Construction Ltd v Woods Bagot Europe Ltd & Ors [2016] EWHC 905 (TCC) Introduction This report presents a liability case study regarding the extension of deadlines in civil engineering projects, and the damages that might occur as a result of these delays. The liability aspect of the dispute presented in this report are…

The Worthless Pennies What is the penny? To some its a coin, to some, its a waste of time and money. The penny should be abolished and is unnecessary in todays society. We usually throw our pennies in the road or in our car somewhere anyways so whats the point of even having them. I know that the penny is a reminder of the great president Lincoln, but the penny is just a waste now in the present. Even though pennies resemble Abraham Lincoln and are still used today, they should be abolished…

Luxuries Versus Necessities In today’s generation, people mislead the value of their luxuries over their necessities, rather than vice versa. There is multitudinous amount of luxuries that people value more than their necessities. There are also many ways as to how this topic refers to transcendentalism. To begin, most luxuries that people uphold higher than their everyday necessities, are those of little importance. For example, a phone is the most common luxury that is held at a higher…

According to Ronald Coase, founder of the Coase Theorem; the Coase Theorem is a theory in legal and economics that affirms that when there are complete competitive markets with no transaction costs, an efficient set of inputs and outputs to and from production-optimal distribution is selected regardless of how property rights are divided. In addition to that, according to Investopedia, “the Coase theorem asserts that when property rights are involved, parties naturally follow the most efficient…

1.1 Economic Fundamentals: Identify the factors of production and discuss their importance as the bedrock of the theory of the firm. The factors of production are the inputs used to manufacture products and provide services. These inputs include labor, land, and capital. The theory of the firm is a microeconomic model referring to businesses and corporations and how those entities exist to make profits. Firms interact directly with the market to determine the demand for their goods so they can…

would be sub-optimal because as long as it achieved its variable costs it makes sense because it has unused capacity. 5. Setting a market price for DIV A products when there is still no market for the intermediate product means that the managers have to find a comparable product to estimate the price for DIV B which might not be really…