1. Dear sirs We refer to contract No 645 for 500 pieces of printed cotton. The contract was made on a cfr basis, whereas your letter of cred it stipulates CIF. This inconsistency must obviously be resolved To avoid any further delay in shipping, we suggest that we arrange the insurance cover. The premium will cost US$140 and we could deduct it from the 2% commission payable to you. The balance
L. True and False Questions Decision making is a distinct management activity that should be separated from budgeting, directing, and controlling activities. (F) 2. The concept of the relevant range does not apply to fixed costs. (F) 3. A cost formula may not be valid outside the relevant range of activity ( T) 4. The high-low method is generally less accurate than the least-squares regression method for
Task Team of FUNdaMENTAL aCCOUNtIng School of Business. Sun Yat-sen University Lesson notes Lesson 7 Merchandise Inventories and cost of sales Learning objective 1. Identify the items included in merchandise inventory
Junction potentials Whenever we change electrolyte or solvent there is a cost in that we create a double layer (electrode)which has a small but often measureable potential We call this potential a junction potential
Introduction Packaging can be unnecessarily expensive in a couple of ways: 1. Inadequate design results in shipment damage 2. Over-design or poor design (more protection than is required or materials being incorrectlyused) results in excessive material cost. The procedure can be broken down into seven basic steps
Question 1 A)Yes. The sale of the machine is part of the project initiative. Therefore, the proceeds from the sale of the equipment should be counted. )No. The R&D expenditure is a sunk cost that should not be included in the project evaluation
9. The Producer's Problem a. Firms and Maximization b. Production Functions C. Supply and Profit Functions d. Cost Functions e. Duality and Producers f. Application: Urban Systems
Automated Production Today, automated production is essential. Neither volume nor product consistency can be achieved in any other way. Increasing production in a cost-effective manner is a difficult and complex undertaking. The project engineer overseeing such a project must have strong support from management
