Answer: 1. The costs of Production line are fixed while the costs of labour can be changed. (It is assumed the factory produces at a the lowest minimum cost currently. ) Assuming that labour is the only variable cost here, MC = Cl.. Cl.. = Cost of Labour per unit of cards produced Total Cost of Production is TC= Ck + 100,000 Cl.. CK = Total Cost per Unit of the capital Used (Capital = Production line Costs) It ...
Read MoreAnswer: The costs of Production line are fixed while the costs of labour can be changed. (It is assumed the factory produces at a the lowest minimum cost currently. ) Assuming that labour is the only variable cost here, MC = Cl.. Cl.. = Cost of Labour per unit of cards produced Total Cost of Production is TC= Ck + 100,000 Cl.. CK = Total Cost per Unit of the capital Used (Capital = Production line Costs) It is gen...
Read MoreAnswer: In the modern world, the responsibility of the businesses is that they have to be maintaining the surroundings and look after the environment. The businesses have to use its power so that it can influence in changing the society for the cause of common good. Social responsibility that is present in business is referred to as being responsible towards the society through a corporate manner. To put it simply, it can be said that Corporate ...
Read MoreAnswer: Relationships with Children: The first role of the teachers or the educators is to grow a relationship with the children in order to understand their needs and required areas. The teachers must understand and address the curiosity of the students and thus create a place where they can come to justify they curiosity. The teachers must create a helping hand through establishing an informal relationship which will help the transition to ...
Read MoreQuestion: Discuss About The Motivation On Organizational Effectiveness. Answer: Introduction I have selected retail sector for my study. For this annotated bibliography, I have read one general article on HR practices to understand the topic area in general, one article on the UK retail sector and the three articles on the Australian retail sector. I found that the retail services in all the countries which I have chosen are exp...
Read MoreQuestion: Discuss about the Effectiveness And Features Of Netflix. Answer: Introduction Netflix is an entertainment company based in USA. The founder of the company is Reed Hastings and Marc Randolph. The function of this company is to offer streaming media, online video as per audience demand and mailed DVD. The company was established in 1997 and it was expanded in 2013 to TV and film production along with online distribut...
Read MoreQuestions: Why Consumer Behavior is an Important Segment of Marketing. Answers: Introduction Consumer behavior is an important segment of marketing, which the companies and organizations need to focus upon. Provision of branded and quality products to the customers influences their purchasing decisions. On the other hand, exposing negligent attitude towards the needs, demands and requirements of the customers adversely affec...
Read MoreQuestions: 1. Explain why principles-based standards require a conceptual framework? 2. Why is it important that the IASB and FASB share a common conceptual framework? 3. It is suggested that several parties can benefit from a conceptual framework. Do you consider that a conceptual framework is more important for some parties than others? Explain your reasoning? 4. What is meant by a 'cross-cutting' issue? Suggest some possible examples of cr...
Read MoreQuestion: Discuss about the The Effect of Knowledge Management . Answer: Introduction Presently, with the increase of the public awareness regarding the importance of health insurance, the demand for the health insurance services has increased. The customer base in the health insurance companies is growing. The scenario is same also in Australia. As per the current statistics, the annual growth rate of the Australian health ...
Read MoreQuestion: Discuss about the Strategic Management for Multi Perspective Approach. Answer: Introduction This study deals with analyzing the concept of management accounting in recent era of accounting field (Webster, 2016). In this particular assignment, emphasis has been given on the accounting operations handled by a company named as Parker Limited. In the recent accounting scenario, it has been observed that most of the acc...
Read MoreQuestion: Discuss about the Managerial Economics for Macroeconomics. Answer: Reasons of Surging Housing Price in the Australia Housing prices are influenced by various factors in an economy. According to ASAD concept of economics, whenever demand is higher than the supply then pricing of products and service gets increased (Australian Government, 2016). There are various reasons of increasing housing prices in the Austral...
Read MoreQuestion: Describe about the Auditing Theory and Practice for Business Negotiation. Answer: 1. Whigarian View on development of accounting and auditing The Whigarian perspective of history is relevant in the explanation of the development of both accounting and auditing. The view rightly put it that development progressive and takes onward and upward framework or process of ongoing progress. It is true that the earlier understanding...
Read MoreQuestion: Describe about the Financial Accounting for Concepts of Accounting. Answer: Introduction The following study examines the various concepts of accounting and its relevance in Australian as well as the global market. Besides this, it assesses the issues in measurement of costs. For the purpose of this study, Caltex Australia has been selected. The brand supplies quality lubricant products that include engine oils, driveline ...
Read MoreQuestion: Discuss about the Information Systems and Small Business. Answer: Introduction The following study examines the various concepts of accounting and its relevance in Australian as well as the global market. Besides this, it assesses the issues in measurement of costs. For the purpose of this study, Caltex Australia has been selected. The brand supplies quality lubricant products that include engine oils, driveline fl...
Read MoreQuestion: Discuss about the Cost Accounting and Supply Chain Management. Answer: Introduction The opportunities of the management account are described in various ways with defining the values of the ethics and the codes of the conduct followed by the accountant in the provided work. The application of knowledge and skills helps in providing consideration for the business challenges which seems to be associated with the issu...
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