Cost accounting

estimate that the crushing machine will cost N210,000 payable immediately, have a useful life of 5 years with a residual value of N25,000. Net cash inflows for each of the next 5 years from the sale of recycled rubble are projected as: Year Net Cash flows 10% present value factors 15% present value factors. 1. 40,000 0.909 0.870 2. 50,000 0.826 0.756 3. 60,000 0.751 0.658…

BUM-A-RIDE’s business structure can essentially be divided into three basic disciplines: Supply, demand and evaluation. The supply function of BUM-A-RIDE is the business associated with acquiring the transportation, including fundraising, accounting, purchasing tickets and bus vouchers, and networking with transportation companies to find new forms of assistance available to our clients. The demand function is simply focused on finding those in need, encouraging them to take advantage of our…

evaluation tool and useful for any planning. Just like its good odds the flexible budget has its disadvantages as well. It may be a good tool but difficult to formulate, because there are several costs that are not entirely variable. Therefore, it will be necessary to take into account those fixed cost components that must be calculated and then included in the flexible budget formula. The flexible budget generally works best in a relatively small income range. Given…

world and away from parents. Students who have to pay for all or most of this on their own, become stressed with the thought of paying for 4 years of education. That is where planning and finances come in hand. This essay will go through that actual cost of what it is like to live in college and how to pay for all the expenses that come along. The University of Miami located in Coral Gables, Florida, 20 minutes from South Beach, but still has a suburban feel.…

shipment status through Radio Frequency Identification to prepare inventory adjustments and analyze delivery reports. Implemented an innovative inventory reduction program for a division Bill of material yard (BOM Yard) in Iraq, Speicher resulting in a cost savings of $1.5 million. Increased Stock takes accuracy levels to 0.001%. Placed orders, tracked back-orders, receives, inspects, inventories, loads, unloads, and segregates, stores, issues, delivers and turns-in organization and…

know that every resources has an opportunity cost in order to calculate the firm’s economic costs properly. An implicit cost is an opportunity cost that doesn’t need to pay by the owner because a firm owner already own the resources for his firm. However, these resources has their own price. For example if a business owner buys a piece of land for building a house but he determines to use this land to make a bakery, he will face an indirect or implicit cost of this land to his bakery. As a…

make customers pay the product by a high price, such as, in the early part of the 20th Century overfishing followed by new conservation laws meant the price of lobster started to rise. 2012 saw an 18% rise in the price of lobster and as of 2014 the cost was roughly $7.95/lb. The example clearly shows that emphasizing the scarcity of a product and changing the setting in which it is served can impact on people’s perception of value (Heeraman, 2015). Price is one of the major contributing factors…

firms in general have a long-run target payout ratio. The role of the managers is to gradually adjust firm payment of dividends toward the target. However, in this model adjustments are partial because they are not free and the firm has to incur a cost for the adjustment. The Lintner model for partial adjustment is given by: Dit – Dit-1 = ai + ci (D*it – Dit-1) + εit (1) where Dt and Dt-1 are dividend payments at times t and t-1, D*it = riEit and r is the target payout ratio, and Et is the…

for staffing could therefore rise as an administrative assistant would be highly beneficial per region. In doing this money would be saved and not compromised. With the company being non-profit based company there is not a lot savings to rely on. Costs for this type of care may have to increase in order for all the company to be and…

Case Analysis: Political Micro-Targeting Operational decision-making systems are structured, common and are used day to day. Managerial decision-making systems are semistructured and are used when established processes aren’t present and changes may need to be made. Strategic decision-making systems are unstructured, uncommon, and are used to develop and support long-term business strategies. Obama’s campaign team used all three primary decision-making systems to help secure vites from swing…