...standpoint and keep in mind of ways to put this product on the market. Sole Proprietorship, Partnership and Corporation are the three ways a business is organized. In this report the one will get an overview of which business organization would be the right fit to ensure business success. All Four One, One Does None A product to put an end to all products, a product that any inventor would love to put on the shelves of as many stores as possible and immediately begin raking in the cash; just a dream I believe all inventors imagine. Too bad it’s not that simple. Making the decision of business organization is the beginning process. Which direction do I go in? Sole Proprietorship, Partnership or Corporation? Every organization has its advantages and disadvantages. When considering the Sole Proprietorship, I think about the positive aspects of it. Sole Proprietorship allows me to have complete control over my product and or business. It also gives me the opportunity to sale or transfer my product or business at my own choosing. On top of that, if deciding to form a Sole Proprietorship, I would encounter lesser cost when it comes to the legal aspect. With all advantages there come disadvantages. While thinking if Sole Proprietorship is the way to go, I have to consider the major fact that if I decide on this particular business organization every decision and responsibility including finances fall solely on me. Partnership is also a choice...
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...i MANAGERIAL ACCOUNTING QCF Level 5 Unit Contents Chapter Title Introduction to the Study Manual Unit Specification (Syllabus) Coverage of the Syllabus by the Manual 1 Management Accounting and Information Introduction Management Accounting Information Collection and Measurement of Information Information for Strategic, Operational and Management Control Information for Decision Making Cost Categorisation and Classification Introduction Some Introductory Definitions Categorising Cost to Aid Decision Making and Control Management Responsibility Levels Cost Units Cost Codes Patterns of Cost Behaviour Influences on Activity Levels Numerical Example of Cost Behaviour Direct and Indirect Costs Introduction Material Costs Labour Costs Decision Making and Direct Costs Overhead and Overhead C Absorption Costing Introduction Definition and Mechanics of Absorption Costing Cost Allocation Cost Apportionment Overhead Absorption (OAR) Under and Over Absorption of Overheads Treatment of Administration and Selling and Distribution Overhead Uses of Absorption Costing Page v vii ix 1 2 2 4 6 11 14 17 18 19 21 26 27 28 29 30 30 33 34 34 38 43 43 45 46 46 47 48 52 57 59 60 2 3 4 © ABE ii Chapter Title 5 Marginal Costing Introduction Definitions of Marginal Costing and Contribution Marginal Versus Absorption Costing Effect of Absorption Costing and Marginal Costing on Profit Application of Marginal and Absorption Costing Activity-Based and Other Modern Costing Methods Introduction...
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...the cost of that capital; see Corporate finance: working capital management. This amount can be determined by making adjustments to GAAP accounting. There are potentially over 160 adjustments that could be made but in practice only five or seven key ones are made, depending on the company and the industry it competes in. NOPAT is profits derived from a company’s operations after cash taxes but before financing costs and non-cash bookkeeping entries. It is the total pool of profits available to provide a cash return to those who provide capital to the firm. Capital is the amount of cash invested in the business, net of depreciation. It can be calculated as the sum of interest-bearing debt and equity or as the sum of net assets less non-interest-bearing current liabilities (NIBCLs). The capital charge is the cash flow required to compensate investors for the riskiness of the business given the amount of economic capital invested. The cost of capital is the minimum rate of return on capital required to compensate investors (debt and equity) for bearing risk, their opportunity cost. Another perspective on EVA can be gained by looking at a firm’s return on net assets (RONA). RONA is a ratio that is calculated by dividing a firm’s NOPAT by the amount of capital it employs (RONA = NOPAT/Capital) after making the necessary adjustments of the data reported by a conventional financial accounting system. EVA =...
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...1. The lids of the tumblers I used before cannot perfectly fit the cup. Thus, water can be leaked little by little when I put the tumblers in my handbag. The things in my handbag even get wet. 2. The metal fixtures in some binders are not quite smooth and do not function well. The metal can scratch my fingers and nails when I insert or take out paper from binders. 3. The pigment of highlighters cannot become dry quickly on my textbook paper. My hands and sleeve cuff will be colored then. 4. When I call customer service for my bank account and phone bill, I cannot reach the operator or customer representatives directly. I have to go through several steps to finally reach the operator choice. Sometimes, the instruction of the automated voice is unclear. It is not unusual for me to wrongly go back to the initial menu and to restart different options to reach the customer representatives. 5. In many restaurants, tables are assigned with specific waiters and waitresses. I had the experiences that my friends and I kept looking around to look for my waiters to get ordered, to get silver, or to pay bill, which can seriously affect my mood to enjoy food. 6. The Siri function of iPhone somewhat bothers me. When I move my backpack or lean on it, other things in my backpack can push the home button and activate Siri. Then, the Siri voice function said that “what can I help you?” when I was in class. This also happened to other students as well, which was embarrassing...
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...CAP. 1: Le persone,l’attività economica,l’economia aziendale 1.1 La centralità della persona e delle società umane Le persone fanno parte di una società, l’attività economica è fatta ed è per le persone. ← Le persone perseguono molti fini. Le persone non hanno sempre solo fini economici, si ha un progetto e si creano le situazioni adatte per giungere ad un nostro fine, ma non è sempre economio. ← Per arrivare ad un certo fine, abbiamo dei bisogni. (sicurezza). ← Per soddisfare i bisogni occorrono beni economici. (non sempre). ← Le persone svolgono l’attività economica per produrre e consumare i beni economici. Un bene economico può anche essere un semplice vestito per appartenere ad un certo gruppo, se noi non abbiamo queste bene, non possiamo soddisfare il bisogno di stare in quel gruppo. Si hanno delle relazioni tra bisogno e bene, che non sono sempre dirette, questo ponte è l’attività economica. Di solito quando si parla di consumo, si pensa alle famiglie. L’economia aziendale si occupa anche del consumo, beni economici pubblici e privati. Se si pensa ad un attività economica: Stato,Comuni, attività no profit. L’economia aziendale studia l’attività economica all’interno della società, non le aziende. ← L’attività economia si manifesta prioritariamente nel lavoro. Lavoro che non sempre viene pagato. Il lavoro appartiene alle persone, le macchine all’azienda. ← L’attività economica è svolta dalle persone e per le persone...
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...INSIGHTS TO BUSINESS EXCELLENCE SPRING Singapore 2 Bukit Merah Central, Singapore 159835 Tel: +65 6278 6666 • Fax: +65 6278 6667 www.spring.gov.sg © SPRING Singapore 2010 All rights reserved. No part of this publication should be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying or otherwise, without prior permission of the copyright holders. Whilst every effort has been made to ensure that the information contained herein is comprehensive and accurate, SPRING Singapore will not accept any liability for omissions or errors. CONTENTS 3 Foreword 4 Business Excellence Initiative 6 Impact of Business Excellence Journey 12 Case Studies 15 Conrad Centennial Singapore (Conrad) 21 Qian Hu Corporation Ltd 27 Singapore Technologies Engineering Ltd 33 Teckwah Industrial Corporation Ltd 39 TNT Express Worldwide (S) Pte Ltd 45 Housing & Development Board (HDB) BE BE FOREWORD The business excellence initiative helps organisations strengthen their management systems and processes for higher productivity and growth. There has been a growing number of organisations embarking on the business excellence journey. Currently, about 800 organisations, employing some 550,000 employees or 20% of the workforce, are certified by SPRING for attaining commendable performance on the business excellence journey. The implementation of the business excellence framework by organisations requires the commitment and involvement...
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...3.1/3.2 Genting Highlands Resorts that founded by Tan Sri Lim Goh Tong since 1965 named Genting Highlands Berhad. The company approval from the government to obtained large amount of land in the rainforest. In the middle of 1971, Genting Highlands opened for their business - the first Prime Minister of Malaysia Tunku Abdul Rahman granted him the only casino license in the country. Over the next 30 years, Genting Highlands continued to grow their company structure from a simple resort with a small casino to a modern holiday destination, with theme parks, numerous hotels, large roads and a cable car system. Today, Genting Highlands is one of the most popular highland tourist destinations in Malaysia, attracting visitors from Kuala Lumpur, Singapore and all over the world. It remains still the only legal gambling den in Malaysia. Journeymart. (2014). Genting or "urban entertainment" is a perfect holiday destination for many malaysians. It is very popular with the people who want to escape the hot and humid weather in Kuala Lumpur. The temperature of Genting Highlands changes often about 16/24 degrees, the weather will be cold as people from Kuala Lumpur. Genting group has also a company which more than 26 years of development experience, operations, and marketing in casinos and integrated resorts around the world. It also includes the Americas, Australia, Philippines, Singapore and United Kingdom. Genting Highland is the only one legal casino in Malaysia. It has been voted Malaysia's...
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...| Definition of 'Systematic Risk'The risk inherent to the entire market or an entire market segment. Systematic risk, also known as “undiversifiable risk,” “volatility” or “market risk,” affects the overall market, not just a particular stock or industry. This type of risk is both unpredictable and impossible to completely avoid. It cannot be mitigated through diversification, only through hedging or by using the right asset allocation strategy. | | Investopedia explains 'Systematic Risk'For example, putting some assets in bonds and other assets in stocks can mitigate systematic risk because an interest rate shift that makes bonds less valuable will tend to make stocks more valuable, and vice versa, thus limiting the overall change in the portfolio’s value from systematic changes. Interest rate changes, inflation, recessions and wars all represent sources of systematic risk because they affect the entire market. Systematic risk underlies all other investment risks. The Great Recession provides a prime example of systematic risk. Anyone who was invested in the market in 2008 saw the values of their investments change because of this market-wide economic event, regardless of what types of securities they held. The Great Recession affected different asset classes in different ways, however, so investors with broader asset allocations were impacted less than those who held nothing but stocks. If you want to know how much systematic risk a particular security, fund or portfolio...
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...2 4541/2 Section A Bahagian A [60 marks] [60 markah] Answer all questions in this section. Jawab semua soalan dalam bahagian ini. SULIT 1 Graph 1 shows the heating curve of substance X. Substance X in solid state at room temperature. Graf 1 menunjukkan lengkung pemanasan bagi bahan X. Bahan X dalam keadaan pepejal pada suhu bilik. Temperature / 0C Suhu / 0C Q3 Q2 Q1 t0 t1 Graph 1 Graf 1 t2 t3 Time / s Masa / s (a) What is meant by melting point? Apakah yang dimaksudkan dengan takat lebur? .......................................................................................................................................... [1 mark] (b) Based on Graph 1, state the melting point of substance X . Berdasarkan pada Graf 1, nyatakan takat lebur bagi bahan X. …….................................................................................................................................. [1 mark] (c) State the physical states of substance X at t1 to t2 Nyatakan keadaan fizik bahan X pada masa t1 ke t2. …….…………………………………………………………………………………… [1 mark] 4541/2 @ Akhir Tahun 2011 Tingkatan 4 SBP [Lihat halaman sebelah SULIT 3 4541/2 (d) Explain why the temperature remains constant from t1 to t2. Terangkan mengapa tiada perubahan suhu dari t1 ke t2. ………………………………………………………………………………………… ………………………………………………………………………………………… ………………………………………………………………………………………… [2 marks] SULIT (e) Draw the arrangement of particles of substance X at t3. Lukiskan susunan...
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...IS 2241 Assignment 1 Online Experience Objective: You will show your competence in finding information on the Internet (World Wide Web) and communicating that information to others via email (Private Mail, email of ITPC (eg. httrang@troyhcmc.edu.vn)) by using a Web browser program, online reference sites, and Internet search engines to find answers to any 10 of the following questions, and then to compose (using Word, WordPad, or Notepad), and send an email attachment containing those answers to your instructor. Required Materials/Components: * A computer with a connection to the Internet. * Access on that computer to either Internet Explorer or Firefox. * Your username and password for Pirate Mail. Required Format for Submission: * You must use Private Mail (email of ITPC, eg. httrang@troyhcmc.edu.vn) to send your answers as an attachment to your instructor at IS2241@yahoo.com. * You must include your class number and your name in the subject line (eg. IS 2241-A _ Thursday, Nguyen Van A). * You must type your class number, class time, and your name on the first line of your answers (ex. IS 2241-A _ Thursday, 13:30 – 16:45, Nguyen Van A). * All answers must conform to the following format: ------------------------------------------------- Question #. ------------------------------------------------- Answer: The answer to the question. ------------------------------------------------- URL(s): Addresses where you found the answers ...
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...University of Phoenix Material Courtroom Participants’ Professional Standards Research the Internet and locate at least one real-life example of each of the following: • Prosecutorial misconduct • Ineffective assistance by criminal defense counsel • Judicial misconduct Select and complete one of the following assignments: Option 1: Paper Option 2: Presentation Option 3: News Article Option 1: Paper Write a 1,050- to 1,400-word paper in which you summarize each example and address the following questions: • What did the prosecutor do wrong? How does immunity protect the prosecutor from the consequences of his or her misconduct? • What did the criminal defense attorney do wrong? What is the Strickland v. Washington standard? Refer to Ch. 10 of Courts and Criminal Justice in America. How do the performance prong and the prejudice prong of the Strickland standard apply to the example? • What did the judge do wrong? Which judicial selection option—either appointment, election, or merit—would help to reduce instances of judicial misconduct? • How does the misconduct or ineffectiveness of these courtroom participants reflect or thwart the crime control model of criminal justice? How does the misconduct or ineffectiveness of these courtroom participants reflect or thwart the due process model of criminal justice? Format your paper consistent with APA guidelines. Option 2: Presentation Create a 10- to 12-slide Microsoft®...
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...Unit two: Principles of providing administrative services Assessment You should use this file to complete your Assessment. • The first thing you need to do is save a copy of this document, either onto your computer or a disk • Then work through your Assessment, remembering to save your work regularly • When you’ve finished, print out a copy to keep for reference • Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it is clearly marked with your name, the course title and the Unit and Assessment number. Please note that this Assessment document has 13 pages and is made up of 9 Sections. Name: Section 1: Using the telephone This section will help you to evidence Learning Outcome 1: Understand how to make and receive telephone calls. |Learning objective |Place in Assessment | |1.1 Describe the different features of telephone systems and how to use them |Question 1 Page 1 | |1.2 Describe how to follow organisational procedures when making and receiving telephone |Question 2 Page 2 | |calls | | |1.3 Explain the purpose of giving a positive image of self and own organisation...
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...Many science experiments can be explained using mathematics. As you write your research paper, you'll want to make sure that you include as much relevant math as you understand. If a simple equation describes aspects of your science fair project, include it. Writing the Research Paper Note Taking As you read the information in your bibliography, you'll want to take notes. Some teachers recommend taking notes on note cards. Each card contains the source at the top, with key points listed or quoted underneath. Others prefer typing notes directly into a word processor. No matter how you take notes, be sure to keep track of the sources for all your key facts. How to Organize Your Research Paper The best way to speed your writing is to do a little planning. Before starting to write, think about the best order to discuss the major sections of your report. Generally, you will want to begin with your science fair project question so that the reader will know the purpose of your paper. What should come next? Ask yourself what information the reader needs to learn first in order to understand the rest of the paper. A typical organization might look like this: Your science fair project question or topic Definitions of all important words, concepts, and equations that describe your experiment The history of similar experiments Answers to your background research questions When and How to Footnote or Reference Sources When you write your research paper you might want...
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...of personal responsibilities and working in a business environment Assessment You should use this file to complete your Assessment. * The first thing you need to do is save a copy of this document, either onto your computer or a disk * Then work through your Assessment, remembering to save your work regularly * When you’ve finished, print out a copy to keep for reference * Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it is clearly marked with your name, the course title and the Unit and Assessment number. Please note that this Assessment document has 8 pages and is made up of 7 Sections. ------------------------------------------------- moka moka Section 1 – Know the employment rights and responsibilities of the employee and employer 1. Identify four main points that would be included in a contract of employment. If possible, use an example contract to support your answer (feel free to obscure any confidential information). a) Job title b) Main place of work c) Pensions d) Duties & responsibilities 2a) List three key points of legislation that affect employers in a business environment. a) Data protection c) Pensions b) Health & safety Example: National Minimum Wage Act 1998,Equal pay act 1970 2b) List three key points of legislation that affect employees in a business environment. Minimum wage, Healthy and Safety...
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...Unit one: Principles of personal responsibilities and working in a business environment Assessment You should use this file to complete your Assessment. • The first thing you need to do is save a copy of this document, either onto your computer or a disk • Then work through your Assessment, remembering to save your work regularly • When you’ve finished, print out a copy to keep for reference • Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it is clearly marked with your name, the course title and the Unit and Assessment number. Please note that this Assessment document has 15 pages and is made up of 7 Sections. Name: Rachel Aspinall Section 1: Rights and responsibilities at work This section will help you to evidence Learning Outcome 1: Know the employment rights and responsibilities of the employee and employer |Learning objective |Place in Assessment | |1.1 Identify the main points of contracts of employment |Question 1 Page 1 | |1.2 Identify the main points of legislation affecting employers and employees |Question 2 Page 2 | |1.3 Identify where to find information on employment rights and responsibilities both |Question 3 Page 3 ...
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