...your grocery bill has increased but based on the core inflation it good (Baden, 2011). The chart below will help you understand the core inflation rates for this current year and years prior (Current Inflation Rate, 2012). InflationData.com Current Annual Inflation Rate Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ave 2012 2.93% 2.87% 2.65% 2.30% 1.70% 1.66% 1.41% NA NA NA NA NA NA 2011 1.63% 2.11% 2.68% 3.16% 3.57% 3.56% 3.63% 3.77% 3.87% 3.53% 3.39% 2.96% 3.16% 2010 2.63% 2.14% 2.31% 2.24% 2.02% 1.05% 1.24% 1.15% 1.14% 1.17% 1.14% 1.50% 1.64% 2009 0.03% 0.24% -0.38% -0.74% -1.28% -1.43% -2.10% -1.48% -1.29% -0.18% 1.84% 2.72% -0.34% 2008 4.28% 4.03% 3.98% 3.94% 4.18% 5.02% 5.60% 5.37% 4.94% 3.66% 1.07% 0.09% 3.85% 2007 2.08% 2.42% 2.78% 2.57% 2.69% 2.69% 2.36% 1.97% 2.76% 3.54% 4.31% 4.08% 2.85% 2006 3.99% 3.60% 3.36% 3.55% 4.17% 4.32% 4.15% 3.82% 2.06% 1.31% 1.97% 2.54% 3.24% 2005 2.97% 3.01% 3.15% 3.51% 2.80% 2.53% 3.17% 3.64% 4.69% 4.35% 3.46% 3.42% 3.39% 2004 1.93%...
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...COMPUTE COST GAP DESIGN COSTS OUT PRODUCE Perform Value Engineering Initial Cost Estimates Compare To Target Cost Design Products/ Processes Estimate Achievable Cost Perform Cost Analysis ACTUAL COST Release Design to Production Undertake Continuous Improvement 4 1. Self-Test Questions (p. TC—32) a. What is a target cost? How is it different from a budgeted cost? A target cost is the allowable amount of cost that can be incurred on a product and still earn the required profit from that product. It is a market driven cost that is computed before a product is produced. A budgeted cost is a predetermined cost after a product is in production. A budget is an operational definition of an allowable cost broken by items and by periods. c. Why is it important to manage costs before products have been produced? Nearly 80% of the costs of many products are committed at the design stage. Therefore, the best opportunity to reduce costs is during design and not after a product is being manufactured. f. At what stage of the product development cycle does target costing play a key role? Target costing occurs within the product development cycle. This means it starts when a product is...
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...De La Salle Lipa College of Business Economics, Accountancy, and Management Accounting Software: Boon or Bane A Term Paper Presented to Dr. Josephine Magbojos CEAS, English Department In partial Fulfillment of the Requirements for Comski2 2014 by Briones, Kristine Norien Resma, Maria Angelica F. Abstract The development of technology brought many changes in the accounting world and the development of accounting software is one of its biggest contributions. Accounting softwares are beneficial for a business and a company for it to produce a financial report faster and easier. The use of different programs for the calculations and reporting made its way to no more manual accounting which is more complicated to do. To maximize the benefits of its uses the advantages and disadvantages of these softwares must be identify before using it. Hence, with proper knowledge of its positive and negative effect, a business or an auditing firm will be able to properly utilize its functions that will then produce financial reports which are essential to the company’s economic decision making. Technology has been an integral part of everyone’s daily lives. Different machineries, gadgets, softwares, and equipment have changed the ways of living of the Filipinos. These things ease the job of a worker, helps a student do home works and research faster, and a mother do household chores. Many developed softwares that are useful for the management of the organization. Like...
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...education and a degree, they harm the nation with debt. According to Andersen, the average student loan debts for college graduates is $37,000. This is a huge factor to many people’s causes for not attending a post-secondary institution. The money invested in free post-secondary tuition would also be a factor to stimulate the financial issues in the United States. Corresponding to TradeSchools.net, there are many places around the world that give students access to a free college education like Finland, Austria, Norway, Germany, and Sweden (Redd). The idea has a lot of financial benefits of college graduates not being in debt because of the nation's spending towards their education. It's also very successful, Finland has free college tuition by 2.08% of their nation's GDP, leading the average student loan amounts to $1,200 for living expenses. In comparison to the United States 1.36% share towards education, drowning the nation in debt (Redd). The success of free post-secondary education in other countries should be a huge influence and factor to the United States to...
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...FACTORS AFFECTING STUDENTS’ DECISION TO DROP OUT OF SCHOOL A Research Paper Presented to Center for Social Development Research Cor Jesu College Digos City In Partial Fulfillment of the Requirements For Academic Research by HERMOGENES C. ORION, JR, Ed.D ERIKKA JUNE D. FOROSUELO, DM-HRM JEAN M. CAVALIDA, MA, RGC March 2013 COR JESU COLLEGE Sacred Heart Ave., Digos City 8002 Davao del Sur Philippines APPROVAL SHEET ------------------------------------------------- As a requirement for Academic Research, this research paper entitled: FACTORS AFFECTING STUDENTS’ DECISION TO DROP OUT OF SCHOOL has been prepared and submitted by HERMOGENES C. ORION, JR., ERIKKA JUNE D. FOROSUELO, JEAM M. CAVALIDA ------------------------------------------------- APPROVED by the Oral Examination Committee DR.MARIA ELENA MORALES DR. LETICIA CANSANCIO Panel Member Panel Member DR. ALEX D. NIEZ Chairperson ------------------------------------------------- Accepted in partial fulfillment of the requirement for Academic Research. DR. ALEX D. NIEZ College Dean MAY 2013 ii ACKNOWLEDGMENT ...
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...The Evolution of Population Policy in Viet Nam The Evolution of Population Policy in Viet Nam Three periods in the evolution of the population policy of Viet Nam are documented in this article: initiation in the 1960s and 1970s; maturity in the 1980s and 1990s; and legalization in the 2000s and early 2010s. A framework was used for stakeholder analysis in the sociopolitical context of Viet Nam in order to analyse interactions between leading state agencies in the development of population policy and their influence on the organizational structure of the population programme. The current tensions in the implementation of the population programme are highlighted, and a new population policy is called for that would be more conducive to addressing broader population and reproductive health issues, in order to respond more effectively to new challenges arising from the socioeconomic and demographic transition of the country. By Bang Nguyen Pham, Peter S. Hill, Wayne Hall and Chalapati Rao* Background Population policy is highly complex and intensely political, and directly linked to a country’s socioeconomic development, security and protection. Population growth rates in the developing world have been the target of some population policies. As a result those rates declined from an average of 2.4 per cent annually in the 1970s to 1.4 per cent in the 2000s (United Nations, 2008a). In the population policy of many developing countries, the control of population size is emphasized;...
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...Consumers [Consumer Choice & Elasticities] (Section 6) I. Definitions Utility [Felicity] (Satisfaction)- The benefit or satisfaction a person gets from a choice or action Marginal Utility (MU)- The additional utility someone gets from consuming an additional unit of a good. Marginal Utility Formula = ∆ Total Utility ∆ Quantity Law of Diminishing Marginal Utility- As someone consumes more of a good marginal utility will eventually decline (as consume more the increase in utility will be smaller each time) ExsMarginal Benefit (MB)- Maximum price a consumer is willing to pay for an additional unit of a product. The dollar value of a consumer’s utility of consuming an additional unit: So it f______ as consumption increases 1 II. The individual: Demand curve & consumer choice Marginal Benefit reexamined What does it really mean if a consumer is willing to pay up to (at most) $10 for an additional unit of the product. Marginal Utility per $ spent: MU Good A Price of good A Interpret: MU A P A Ex: Buying one more burrito (from 1 to 2) gives you an ↑ in utility of 10 & costs $5 2 A. Deriving a demand curve for slices of pizza for Carlos Slices 0 1 2 3 4 5 6 7 8 9 10 Total Utility 0 200 390 570 740 900 1030 1130 1200 1240 MU if P MU X 200 P=$2 MU if P P=$1 MU if P P=$0.50 10 Cheeseburgers That cost $0.50 Total Utility 130 240 340 430 505 555 580 595 605 610 Slices 1 2 3 4 5 6 7 8 9 10 MU 130 MU P Carlos’...
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...Case 2 Whole Foods Market in 2010: Vision, Core Values, and Strategy Introduction Whole Food Markets by 2006 became the world’s largest retail chain of natural and organic foods supermarkets. By 2010 Whole Foods consisted of 290 stores in 38 states, 6 stores in Canada, and 5 in Great Britain. With 90 stores that are 40,000sqaure feet or larger. John Mackey, the CEO believed the rapid growth and market success were due to “remain a uniquely mission-driven company-highly selective about what we sell, dedicated to our core values and stringent standards and committed to sustainable agriculture.” Whole Foods company’s motto- “Whole Foods, Whole People, Whole Planet” the statement alone assumes its core mission is beyond food retail it’s about our world/environment we live in. According to hoover.com, Whole Foods planned to reach $12 billion in sales by 2010 by adding 25-30 new stores a year. Due to competition and “the economy has slowed the company’s sales growth, it increased by only 1% in fiscal 2009 vs. 2008 to about $8 billion.” The stores emphasize perishable products, which account for about two-thirds of sales. Whole Foods Market offers some 2,200 items in four lines of private-label products (such as the premium Whole Foods line). Founded in Austin, Texas, in 1980, Whole Foods Market initiated the supermarket concept in natural and organic foods retailing. Identification of key problems/strategic issues * From 1992-2007 Whole...
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...SEMESTER 2 2011 CPA 118 ETHICS AND GOVERNANCE CPA - ETHNIC SEMESTER 2 2011 MODULE 1 ACCOUNTING AND SOCIETY 1.05 1.05 Part A: Ineraction with society Depictions of A/cting Depiction Defeating depictions defeat Fig 1.1 new bean counter How to become professional? 3 aspects 1.06 Recruiting the best Beard(1994),Smith and Briggs(1999) and Simnik and Felton(2006) Friedman& Lyne(2001);Albrecht and Sack(2000);Coate et al.(2003) Jeacle: colourful accountant linked to corporate collapses 1.07 Moral agency Biddle(2006) Value creation - key to maintain high standards Moral agent - refer to individual making moral judgement for others Moral agent theory based on concept " act appropriotely and professionally" 1.08 Technical functions and social impact Understanding A/cting A/cting defination - Macquarie Dictionary - Technical practice - bookkeeping Not Prefect def - AAA(American A/cting Association) -communication skill… 1.09 Social impact of A/cting + impact - based on historic A/cting info professional capabilities - technical knowledge,soft skill & experience 1.10 Social impact example - A/cting and the GFC "mark-to market" Lonergan (2009) - if A/cting causative factor in GFC 2008/2009 1.11 Q 1.1 Logergan 'standard setters'slow reaction only cause GFC ? NO How wisdom come out? - experience /knowledge Distinguishing feature - building relevant wisdom over time Parker et al. (1989) - induce other behaviour Miller(1994) - intrinsically and inredeemable social impact IMPACT Macro level:...
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...SEMESTER 2 2011 CPA 118 ETHICS AND GOVERNANCE MODULE 1 ACCOUNTING AND SOCIETY 1.05 1.05 Part A: Ineraction with society Depictions of A/cting Depiction=描述 Defeating depictions defeat =挫败 Fig 1.1 new bean counter How to become professional? 3 aspects 1.06 Recruiting the best Beard(1994),Smith and Briggs(1999) and Simnik and Felton(2006) Friedman& Lyne(2001);Albrecht and Sack(2000);Coate et al.(2003) Jeacle: colourful accountant linked to corporate collapses 1.07 Moral agency Biddle(2006) Value creation - key to maintain high standards Moral agent - refer to individual making moral judgement for others Moral agent theory based on concept " act appropriotely and professionally" 1.08 Technical functions and social impact Understanding A/cting A/cting defination - Macquarie Dictionary - Technical practice - bookkeeping Not Prefect def - AAA(American A/cting Association) -communication skill… 1.09 Social impact of A/cting + impact - based on historic A/cting info professional capabilities - technical knowledge,soft skill & experience 1.10 Social impact example - A/cting and the GFC "mark-to market" Lonergan (2009) - if A/cting causative factor in GFC 2008/2009 1.11 Q 1.1 Logergan 'standard setters'slow reaction only cause GFC ? NO How wisdom come out? - experience /knowledge Distinguishing feature - building relevant wisdom over time Parker et al. (1989) - induce other behaviour Miller(1994) - intrinsically and inredeemable social impact IMPACT Macro level: all types of business...
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...September 2005 Project Portfolio Management at XYZ Pharma Early morning, Monday 29th August 2005. John Smith, head of portfolio management and strategic planning, was paging through the slides he had prepared for the Portfolio Management Board (PMB) meeting which would start at 9 am, and which was scheduled to last until Friday. “We have been preparing this meeting for weeks”, he thought, “and it seems the PMB has some tough decisions to make”. The PMB of XYZ Pharma, the pharmaceutical division of XYZ, one of the world’s leading companies in the life science sector, convenes yearly in August to review the composition of the research and development (R&D) project portfolio. It also meets on a monthly basis to monitor the project portfolio and make decisions regarding new developments. According to John Smith, “The PMB is an important decision making body because it shapes the future of the company by determining its product pipeline”. The PMB members include the CEO of XYZ, the CEO of XYZ Pharma, the heads of the different business units, the heads of Development, Research, Global Marketing and Strategic Planning, the regional heads for the US, Europe and Japan and the functional managers for Regulation, Clinical, Licensing, Technical Research and Development, and Patents. The portfolio group, led by John Smith, had analysed the project portfolio carefully and had highlighted several potential threats that required action. According to John, “There will be an indepth discussion...
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...September 2005 Project Portfolio Management at XYZ Pharma Early morning, Monday 29th August 2005. John Smith, head of portfolio management and strategic planning, was paging through the slides he had prepared for the Portfolio Management Board (PMB) meeting which would start at 9 am, and which was scheduled to last until Friday. “We have been preparing this meeting for weeks”, he thought, “and it seems the PMB has some tough decisions to make”. The PMB of XYZ Pharma, the pharmaceutical division of XYZ, one of the world’s leading companies in the life science sector, convenes yearly in August to review the composition of the research and development (R&D) project portfolio. It also meets on a monthly basis to monitor the project portfolio and make decisions regarding new developments. According to John Smith, “The PMB is an important decision making body because it shapes the future of the company by determining its product pipeline”. The PMB members include the CEO of XYZ, the CEO of XYZ Pharma, the heads of the different business units, the heads of Development, Research, Global Marketing and Strategic Planning, the regional heads for the US, Europe and Japan and the functional managers for Regulation, Clinical, Licensing, Technical Research and Development, and Patents. The portfolio group, led by John Smith, had analysed the project portfolio carefully and had highlighted several potential threats that required action. According to John, “There will be...
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...The current issue and full text archive of this journal is available at www.emeraldinsight.com/0263-5577.htm IMDS 106,9 Enterprise resource planning success An exploratory study of the financial executive perspective Alan R. Peslak Penn State University, Dunmore, Pennsylvania, USA Abstract Purpose – To explore the views of top corporate financial executives on the success of implementation of enterprise resource planning (ERP) systems as well as the variables associated with ERP project success. Specifically, relationships between dependent variables cost and budget performance on the independent variable overall project success are studied. Variables influencing cost and time performance are also explored. Design/methodology/approach – An analysis of secondary data obtained from the 2003 financial executives international comprehensive survey-based research on technology issues for financial executives. Multiple regression analysis and other statistical methods are used. Findings – The findings indicate that ERP implementations are generally viewed as moderately successful by top financial executives. In addition, both cost and time were significantly correlated with an overall view of success with cost performance holding higher influence. Several variables were found to significantly correlate with cost and time performance. Research limitations/implications – The study can be used as a basis for further exploration on the influences on ERP success as well as serve as a preliminary model...
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...September 2005 Project Portfolio Management at XYZ Pharma Early morning, Monday 29th August 2005. John Smith, head of portfolio management and strategic planning, was paging through the slides he had prepared for the Portfolio Management Board (PMB) meeting which would start at 9 am, and which was scheduled to last until Friday. “We have been preparing this meeting for weeks”, he thought, “and it seems the PMB has some tough decisions to make”. The PMB of XYZ Pharma, the pharmaceutical division of XYZ, one of the world’s leading companies in the life science sector, convenes yearly in August to review the composition of the research and development (R&D) project portfolio. It also meets on a monthly basis to monitor the project portfolio and make decisions regarding new developments. According to John Smith, “The PMB is an important decision making body because it shapes the future of the company by determining its product pipeline”. The PMB members include the CEO of XYZ, the CEO of XYZ Pharma, the heads of the different business units, the heads of Development, Research, Global Marketing and Strategic Planning, the regional heads for the US, Europe and Japan and the functional managers for Regulation, Clinical, Licensing, Technical Research and Development, and Patents. The portfolio group, led by John Smith, had analysed the project portfolio carefully and had highlighted several potential threats that required action. According to John, “There will be an indepth discussion...
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...CHAPTER 1 Managerial Accounting in the Information Age Summary of Questions by Objectives and Bloom’s Taxonomy |Item | |1. | |49. | |143. | |144. | |159. |3 |K |161. | |Sales |$180,000 |$182,000 |$2,000 | |Less: | | | | | Cost of ingredients |142,000 |146,000 |(4,000) | | Salaries |11,000 |11,200 |(200) | |Controllable profit |$27,000 |$24,800 |($2,200) | ...
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