Intercontinental Hotels Group

Intercontinental Hotels Group Introduction Many countries in the world depend on the travel and hospitality industry as the major source of revenue. Indeed, the travel and hospitality industry plays a significant role in economic emancipation. In today’s technologically advancing world, and competitive business markets, various organizations must come up with new strategies in order to retain customers and even attract others. Additionally, many business segments focus on modalities of expanding their portfolios in order to increase their market share.Advertising We will write a custom report sample on Intercontinental Hotels Group Green Engage sustainability system specifically for you for only $16.05 $11/page Learn More In this new area of technological revolution, organizations engage in other activities in order to please their customers. In fact, the main role of corporate events in any organisation or company is to entertain clients so that they become happier than they wer e before. This is the reason why many organizations continue to employ new strategies in order to attract prospective clients (Holcomb, Upchurch Okumus, 2007, pp. 461-475). The Intercontinental Hotels Group’s corporate hospitality section is expanding at a fast rate and many clients consider it one of the best. This is simply because the sector has mastered the art of linking spectators and activities in order to offer judicious hospitality products and services to clients. Owing to these facts, the intercontinental hotels group has the responsibility of retaining and attracting new customers by adopting new strategies. This report will assess the intercontinental hotel group – green engage sustainability system as a corporate hospitality event (Paton, 2007, pp. 46-49). Intercontinental Hotels Group Intercontinental Hotels Group undoubtedly runs the biggest multinational hotels in the world. The group has its headquarters in Denham, United Kingdom. It has over 4000 ho tels across the globe and enormous accommodation spaces. It also has several brands such as Holiday Inn Express, Hotel Indigo and Even. Other brands include Intercontinental and Candlewood Suites. One of the most common features about these hotels is that they run under franchise agreements. In other words, the company runs the affairs of the hotels, but different stakeholders own them. Of all the hotels under the group, investors only own and manage ten. The International Hotels Group also has listed some of its shares in major trading stock markets. For instance, FTSE 100 index, London Stock Exchange, and New York Stock Exchange are some of the stock markets that have listed International Hotels Group shares. Primarily, the Intercontinental Hotels Group manages all hotels owned by the group.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More It also performs other functions such a s franchising the IHG brands in order to attract customers. The hotel mainly involves itself in hospitality activities such as hotel management, accommodation, creation of systems, and sales and marketing of their products. The owners are responsible for the construction of new hotels and coming up of new structures to house other services. This is simply because these activities need risk profiling; require enormous management skills and capital to run. So far, the group has sixteen corporately owned hotels that use the brand (Intercontinental Hotel Group, 2013, p. 1). Green Engage sustainability system The intercontinental hotel group owns the best hotel brands in the world, but it also understands that the change of climatic conditions affects their business. Like any other organisation, IHG commits itself towards reducing energy, carbon, and other substances that destroy the environment. The group is also committed towards clean energy, as a way of minimizing emissions. For inst ance, in the past, the management has resorted to other means of energy by stopping the purchase of carbon commodities. The group has also collaborated with other developers to identify and implement not only cost-effective, but also sustainable technology. We have seen that IHG has over 4500 hotels. Furthermore, the stakeholders are doing all they can in order to introduce clean technology into their business portfolios. The stakeholders have also put in place mechanisms to ensure that the hotel not only complies with climate change patters, but also adopts sustainable technologies. We now that green technology is evolving at a fast rate. In order to meet the demands of green technology, the group has employed professionals to explore new designs that are sustainable (Intercontinental Hotel Group, 2013, p. 1). Green Engage System Some few years ago, the Intercontinental Hotels Group unveiled its online sustainability system to check compliance of sustainability. This system plays a significant role in ensuring that all IHG hotels not only conserve resources, but also save money. In order to realize this, the system proposes constant measuring and reporting of waste consumption, water consumption and hotel energy. This is important because it will reduce the skyrocketing energy costs.Advertising We will write a custom report sample on Intercontinental Hotels Group Green Engage sustainability system specifically for you for only $16.05 $11/page Learn More In fact, energy costs have been major concerns to owners who have witnessed the rising energy prices lower their profits and threaten their businesses. The taxation of carbon fuels also threatens the operations of the hotels and therefore, there was need to look for new and sustainable ways of energy. There is no doubt that by unveiling this system, the intercontinental hotels group showed its commitment towards ensuring sustainability. Since the unveiling of the system, stakeholders have received the system without complains. There has been consensus among stakeholders and all of them believe that the system is good to their business. In fact, this has led to the certification of the system making IHG the first hotel in the world to receive such accreditation. Many stakeholders believe that the system is advantageous especially to environmental sustainability, and provides mechanisms of ensuring sustainability. Moreover, the reason why stakeholders approved the system is that it routinely creates reports and sets new energy benchmarks in order to make comparisons with other useful data. The system also plays other significant roles such as providing green solutions, and generating new and sustainable hotel designs. The system also provides information on new ways of reducing the impacts brought about by non-sustainable energy sources. Notably, the green engage system functions like a library of information to stakeholders. For instance, the green engage system has information on selecting suitable site for development, and choosing the right lighting for a particular hotel. This happens through selecting conscientious cleaning materials and training of employees on issues of sustainability. Since the adoption of the system, stakeholders continue to realize their return of investment. Additionally, the system has led to the reduction of carbon emissions and increased the number of guests thus, generating more revenue (U.S. Department of Energy, 2013, p. 1). Benefits of the Green Engage System to stakeholders The biggest beneficiaries of the green engage system are the stakeholders. To start with, the system has enabled the IHG hotels to save over 25 percent of energy. This translated to over $300 million, money that the group can invest elsewhere. So far, over 3000 hotels under the group have adopted the system and the management expects all hotels to adopt the system soon. Stakeholders believe that the green engage system offers consider able competitive edge towards ensuring sustainability. For instance, through the system, the IHG hotels have become cost-effective. This means that it is able to offer better and improved services that will only attract more prospective customers, but also retain them. There is no doubt that many clients prefer to stay in ‘green’ rooms, and this desire enabled IHG to win a contract worth  £300,000 annually for seven consecutive years (Mayock, 2011, p. 1).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Culture Shift By adopting the green engage system, the intercontinental hotel group has adopted a new culture of ensuring sustainability. Unlike the past, the green engage system provides information on the levels of sustainability, tracks the process of sustainability, and releases progress reports that indicate areas to improve. Notably, in a highly competitive travel and hospitality market, the adoption of the system marked a culture shift that not only recommends green technology solutions, but also encourages competition. There is no doubt that the system has introduced a culture shift in the hospitality industry for sustainability reasons. For instance, the green engage system provides a calculator that hotel managers can use to calculate the carbon footprint. Consequently, if it is high, then they can look for ways of minimizing it (EcoCommericial Building, 2013, p. 1). Conclusion The green engage system developed by the intercontinental hotels group is a step towards ensurin g clean energy. Since its adoption, the company has managed to reduce carbon footprints thus reducing the rising energy costs. Most importantly, many visitors enjoy staying in the IHG ‘green’ hotels. References EcoCommericial Building, 2013, The effort to be sustainable from the hotel groups,   http://china.ecocommercial-building-network.com/2013/02/21/the-effort-to-be-sustainable-from-the-hotel-groups/. Holcomb, J. L., Upchurch, R. S., Okumus, F., 2007, ‘Corporate social responsibility: What are top hotel companies reporting’, International Journal of Contemporary Hospitality Management, vol. 9 no. 6, pp. 461-475. Intercontinental Hotel Group, 2013, Corporate Responsibility Report: Green Engage,   ihgplc.com/index.asp?pageid=742. Mayock, P 2011, IHG reaps energy savings with Green Engage, hotelnewsnow.com/articles.aspx/5089/IHG-reaps-energy-savings-with-Green-Engage. Paton, N 2007, ‘Giving something back’, Caterer Hotelkeeper, vol. 197 no. 4496, pp. 46-49. U.S. Department of Energy, 2013, Showcase project: Intercontinental Hotel Group,   http://www4.eere.energy.gov/challenge/partners/better-buildings/intercontinental-hotels-group.

Freedom of Self as mentioned in Quran Term Paper

Freedom of Self as mentioned in Quran - Term Paper Example afs, and within the Quran it has been used 255 times, plus NAFSUN 61 times and in other forms ANFUSKUM 49 times, NAFSENE 40 times and NAFASUN 14 times. The term has several meanings, and often Islamic scholars have argued that it refers to the personality of a person. In addition, other scholars have attributed its meaning to ‘intellect’, ‘knowledge’ and ‘mind’. However, its reference to the ‘self’ is perhaps the intuition behind this paper. The self as perceived in the Quran is free, and freedom is an absolute part of the self, and even though it functions in the realms of nature, its actions moves from its own nature and is not derived through natural causes. Steiner and Michael (147), human beings operations can be intuitively thought of as transcending the laws of materialism. Further, the Quran bequeaths the human self to be free and sense a pointer to the reason which compels the self to act as a moral agent. Functions and responsibilities do not have a meaning for a man if they are entirely determined. If the self were not thought of as free, then it would be mindless to the demands of ‘ought’ and would respond only to the demands of ‘must’, and in a sense the responsibility arises from its sense of freedom: it is capable of leading a moral life only because it is free. This view implies that the self has a real choice of freedom, and has the ability to decide on any of the options that are available to it, and responsibility for its decision rests entirely on it. Obviously, the self does not enjoy absolute and unlimited freedom, as the freedom is controlled within the conditions under which it derives its existence. The self abides under the aforementioned restraints; however, the self flourishes only in the atmosphere of liberty. In a highly controlled society, its realms of activities may be subject to rising decline and such a society discourages every manner of self-expression and discourages liberty. Under such conditions,

Art Class Essay Example | Topics and Well Written Essays - 500 words

Art Class - Essay Example American art tend to be more inclined towards presenting self-determination, achievement and liberation of the colonies. However, American art was always overshadowed by the European art and was popular at that time contrary to popular belief. Consequently, Romanticism focused more on emotions, paint textures, and highlights to truly capture the heart of action and emotion. American art is more modern compared to the Renaissance art and European art. The American colonial period consisted of portraits as colonists wanted to establish their identity in the new world. Undoubtedly, this picture is not achromatic as it uses very light colors. From my perspective, it seems as if it is American art since it is very cosmopolitan. There are countless ways of describing a work of art and great depths of one’s expressions and mines of creativity In this particular image, the artist clearly has been extremely creative from every angle and touch. This graphic is a great image as it depicts a typical hand brush that is utilized for cleaning purposes. The brush itself is painted in a very elegant manner with amazing finish. Every bristle is clear and gives the feeling of cleanliness to the audience. Furthermore, the bristles variation in color is a clear depiction of a unique style that the artist has embraced. From my perspective, it seems that the bristles are made using very thin rods of sheets that are strong and durable. The most interesting aspect about this image is the fact that the bristles are very clear. The dustbin in this image is blue and resembles the one that is used for regular housecleaning purposes. The background colors are very solid and in essence truly bring the hue of light and dark c olors. The assimilation of colors is truly the embodiment of modern day art with clear pixels and each color dot being unique. Truly, the brushing was conducted in an elusive manner which

Canadian forests Essay Example for Free

Canadian forests Essay Gary Paulson’s Hatchet is set in Hampton, New York, but mainly in the north Canadian forests, in particular a region known as the Canadian Shield. The main characters of the novel are Brian Robeson, the protagonist, a thirteen year old boy; his parents; and two pilots, one of whom flies Brian into north Canada before giving up the ghost at the controls, and the second pilot who rescues the young boy stranded in the wilderness. The main events of the novel revolve around Brian, who travels by airplane, Cessna 406, from his hometown, Hampton, New York, to visit his father who is working as a mechanical engineer in a Canadian oil field. The young boy’s parents are divorced, and this is the first summer that Brian is going to spend with his father after the divorce. Brian travels as a single passenger in the airplane, before the pilot of the plane dies of a heart attack leaving the young boy to crash land the airplane all by himself. The plane lands in an isolated lake somewhere in the north Canadian forests. And, Brian possesses nothing to face the tragedy, except a hatchet that his mother had presented to him before his departure. The hatchet thus becomes the boy’s tool for survival in the wilderness. He must figure out how to make fire by striking the hatchet’s blade against a rock. He must also figure out what to eat in order to survive. Moreover, he must deal with unusual circumstances such as the presence of a bear, a porcupine, a moose, a skunk, in addition to a tornado. Eventually, the boy learns to hunt and fish after making special tools for himself. The events proving Brian’s ability to manage himself in the wilderness are very important in the novel. The last major event occurs after a violent storm that hits the forest and tosses the wreckage of the airplane to the land surface. The teenager manages to break into the airplane to recover the survival pack. He finds a transmitter in the pack, which, upon activation, connects him to a pilot who finally comes to rescue him in an airplane. The main conflict in the novel is between Brian, the protagonist, and nature, the antagonist. The young boy must find a way to overcome the unusual circumstances he finds himself in. He must struggle against threats posed by wild animals as well as natural disasters. Similarly, he must fight against his own natural tendency to give up in the face of the difficulties that confront him. Another conflict presented in Hatchet is between Brian’s natural, emotional weakness and the strength that he needs to gain emotional freedom. The boy knows a Secret about his mother that had led to his parents’ divorce. Time and again the Secret confronts him with emotional distress. Yet, Brian must learn to let go of the distress and face the challenge of accepting his circumstances as they are. The novel thus deals with maturity – the theme of growing up from boyhood to manhood. Brian has no human being to rely on at the time that he is stranded in the wilderness. Yet, he must face all sorts of dangers to find his way out of his troubles, both emotional and physical. The major strength of the novel is that Brian succeeds despite all odds, using his intelligence as best as possible. He finds his way out. Hence, his story becomes a lesson for all teenagers who may or may not face the kinds of challenges that Brian faces. The story is also recommended for young readers of fifth and sixth grades, who are sure to be inspired by Brian’s spirit of strength and endurance. As a matter of fact, even adults may be able to remind themselves about the resilient, surviving spirit of humanity by reading Hatchet. Thus, the novel may be recommended for all readers.

Reasons to End Social Poisoning on the Internet Essay -- Censorship Cy

Reasons to End Social Poisoning on the Internet [NOTE: Many of the links the student refers to are no longer active.] While spreading the word of knowledge to the masses, the internet simultaneously dispenses social poisons. Many of the recipients are, unfortunately, children, and despite the American policy of free-speech, this kind of unintentional inculcation must stop. One of the problems lies in the fact that the right to criticize and the right to display "poisonous" material are one in the same: The Right of Freedom of Speech. But should a clear and present danger to social health take priority over the rights of an individual? Does the individual even have power? In Digital Literacy, Paul Gilster observes that "A global web of communications... points to a viruslike spread of ideas" (Gilster 27). Should society protect its youth from this "viruslike spread" by regulating content on the internet? These questions are tough to answer, but this paper will address them, introduce a socially harmful hate site, and reveal why society needs to be rid of the poison on the internet. One of the problems with social contemplation on this subject, though, is that this situation is relatively unknown to history. Though the power structure of the internet has been compared to centralized government, decentralized government and social anarchy, Jess Holbrook, in a discussion on November 24, accurately cited the internet as being "unlike anything else we’ve ever seen." So perhaps time should be taken to evaluate the effects of the internet on not just the nation’s youth, but the nation in general. While the evaluation is taking place, the presence of these social poisons on the internet must be recognized. The American Nazi ... ... real life himself, only the former is readily available to children. There needs to be a body which regulates the poison on the internet and makes it safe for the child to "surf the net." Not all sites on the internet are terrifying and problematic. But imagine a black child, whose ancestors survived the slave trade, coming across the American Nazi Party site, and "learning" that they are evil because of their skin color. No child should be exposed to this. Works Cited - Bolter, David Jay. Writing Space; The Computer, Hypertext, and the History of Writing. Lawrence Erlbaum Associates. Hillsdale, New Jersey; 1991. - Gilster, Paul. Digital Literacy. Wiley Computer Publishing. New York. - Hall III, William B. "American Nazi Party." 28 November 1998. 5 December 1998 <http://home.earthlink.net/~wbhall/>. - Landow, George P. Hypertext 2.0. Johns Hopkins.

Course Assignments

Worksheet # I: Cost Classification Study Questions 1. Distinguish between direct and indirect costs. 2. Distinguish between prime cost and conversion costs. 3. The current assets sections of the balance sheets of three companies follow. Which company is a service company? Which is a merchandiser? Which is a manufacturer? How can you tell? X-TREME Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $2,500 Accounts Receivable 5,500 Inventory†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 8,000 Prepaid Expenses†¦. 300 Total†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $16,800 Y-NOT? ZESTO Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $3,000 Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $2,000 Accounts Receivable 6,000 Accounts Receivable†¦Ã¢â‚¬ ¦ 5,000Prepaid Expenses†¦. 500 Materials Inventory†¦Ã¢â‚¬ ¦.. 1,000 Total†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $9,500 Work in process inventory 800 Finished goods inventory 4,000 Total†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $12,800 4. Francis manufacturers, a manufacturer of wood doors and windows, has prepared the following list of accounts Advertising Assemblers wages Production supervisor’s salary Depreciation of machinery Factory utilities Lathe (machine for shaping wood) Operators wages Machinery repairs Office salaries Purchase of glue Purchase of screws and nails Purchase of pine Purchase of oak $36,000 84,200 21,400 9,200 55,600 6,400 22,600 113,800 1,600 800 99,000 250,000 There is no beginning or ending inventory. Calculate the following: (a) Direct material used (b) Direct labour cost (c) Factory overhead (d) (e) (f) Prime cost Conversion cost Production cost -1- 5. Compute cost of goods manufactured and cost of goods sold from the following amounts Direct materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labour Manufacturing overhead Beginning of Year $22,000 38,000 18,000 End of Year $26,000 30,000 23,000 75 ,000 82,000 39,000 6.Clyde’s Pets manufactures chewing bones for puppies. At the end of December 2008, his accounting records showed the following: Inventories Materials Work in process Finished goods Other information: Direct material purchases Plant janitorial service Sales salaries expense Delivery expense Sales revenue Beginning $13,500 0 0 $31,000 1,250 5,000 1,500 105,000 Ending $9,000 1,250 5,700 Utilities for plant Rent on plant Customer service hotline expense Direct labour $4,500 9,000 1,000 18,000 Requirements: i) ii) iii) Prepare a schedule of cost of goods manufactured for the year ended December 31, 2008Prepare an income statement for Clyde’s Pets for the year ended December 31, 2008 Given that the company manufactured 17,500 units, of its product in 2008, compute the company’s unit product cost for the year. -2- Online Discussion Questions (Kindly prepare these questions before each online session) 1. Papermaking Ltd. makes paper, which is cut and packed, before being transferred into the finished goods store. The paper is moved from department to department by forklift truck. Each pack of finished product contains one ream of paper.The paper is loaded onto wooden pallets before delivery to customers. The following cost information relates to Papermaking Ltd. for the period ended March 31, 2002. Pulp Clay Wrapping paper (used in packing department) Spare knives for cutting machine Cleaning rags for machines Royalty payments Making department wages to machine crew Cutting department wages to machine crew Packing department wages to packers Fork truck driver wages Factory foreman’s salary Wooden pallets Dispatch department wages Delivery vehicle drivers wages Sales manager’s salary Advertising costs Sales office staff wagesGeneral manager’s salary Production manager’s salary Maintenance costs 1 Administration salaries Electricity cost 2 Administrative office machine rental cost Sundry other costs: P roduction Administration Selling Distribution $100,000 40,000 3,500 800 500 10,000 38,000 26,000 20,000 8,000 11,000 3,600 17,000 9,600 17,500 16,500 18,500 30,000 21,500 60,000 45,000 18,000 1,000 33,000 42,000 11,000 16,000 1 Maintenance costs should be charged to the functions making use of the maintenance service as follows: production 80%; administration 3%; selling 3% and distribution 14%. Electricity cost should be charged to each functional area in the following proportions: production 75%; administration 5%; selling 5%; and distribution 15%. Required: (i) Prepare a cost summary for the period ended March 31, 2002, which shows sub-totals for, prime cost, production overhead, production cost, administration cost, selling cost and distribution cost. (ii) Prepare a summary profit and loss account for the period ended 31 March 2002 showing only total figures for each function, where the following additional information is available: (a) Units produced – 2,500 kilos (b) Un its sold – 2,000 kilos @ $300 per kilo c) No paper was in stock at the beginning of the period. -3- 2. Smooth Sounds manufactures and sells a new line of MP-3 players. Unfortunately, Smooth Sounds suffered serious fire damage at its home office. As a result, the accounting record for October were partially destroyed- and completely jumbled. Smooth Sounds has hired you to help figure out the missing pieces of the accounting puzzle. Work in process inventory, October 31. Finished goods inventory, October 1†¦. Direct labour in October†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Purchases of direct materials in October Work in process inventory, October 1†¦ Revenues in October†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..Accounts receivable, October 1†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Gross profit in October†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $1,500 4,300 3,000 9,000 0 27,000 2,000 12,000 Accounts payable, October 1†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Direct materials used in October†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Accounts payable, October 31†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Accounts receivable, October 31†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Direct materials inventory, Oct. 31†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Manufacturing Overhead in October†¦Ã¢â‚¬ ¦.. $3,000 8,000 5,200 6,500 3,000 6,300 Required: Compute the following amounts i) Manufacturing costs ii) Cost of goods manufactured in October iii) Cost of goods sold in October iv) Beginning direct materials inventory v) Ending finished goods inventory 3.The table below shows monthly data collected on facilities maintenance department costs and on the number of patient-days serviced over the past year. Month January February March April May June July August September October November December (i) (ii) (iii) (iv) (v) Department Costs $37,000 $23,000 $37,000 $47,000 $33,000 $39,000 $32,000 $33,000 $17,000 $18,000 $22,000 $20,000 # Of patient-days 3,700 1,600 4,100 4,900 3,300 4,400 3,500 4,000 1,200 1,300 1,800 1 ,600 Determine the variable cost per patient-day and the fixed cost using the highlow method. What is the equation of the total mixed cost function?Prepare the scatter diagram, clearly showing any outliers. Using the line of best-fit, determine department’s fixed cost per month and the variable cost per patient-day. In view of the department’s cost behaviour pattern, which of the two methods appear more appropriate? Explain your answer. -4- Practice Questions (The following questions are to be used for self study sessions) 1. Inventoriable product costs: a) Include marketing costs and research and development costs b) Include the costs of direct materials, direct labour, and manufacturing overhead used to produce a product ) Include only the costs of direct materials and direct labour used to produce a product d) Both A and B are correct 2. Manufacturing overhead is a: a) Product cost b) Period cost c) Indirect cost d) Both A and C are correct 3. Direct materials: a) A re used to determine total inventoriable product costs b) Are used to determine total manufacturing overhead c) Cannot be separately and conveniently traced through the manufacturing process to finished goods inventory d) Must not become part of the finished product 4. a) b) c) d) Which of the following is least accurate about a manufacturing setting?Conversion costs refer to the costs applied to materials that convert it into a finished product. Direct labour and manufacturing overheads makes up conversion costs. When compared to the manufacturing setting, purchases and freight in are a part of inventoriable costs for a merchandiser under US GAAP. Inventoriable product costs are not recorded as assets until the product is sold. When ending finished goods inventory is subtracted from the sum of beginning finished goods inventory and cost of goods manufactured, the result is cost of goods sold 5.Cost of goods manufactured during 2006 is $240, WIP inventory on December 31, 2006 is $50 . WIP inventory during 2006 decreased 60%. Total manufacturing costs incurred during 2006 amount to: a) $190 b) $165 c) $290 d) $315 -5- 6. You are given the following for the production of office chairs by the company ‘Chairs and More† : Quantity produced 100 200 300 400 500 600 Total Fixed Costs (JMD$) 10,000 10,000 10,000 10,000 10,000 10,000 Variable cost per unit is $150. The production of 15,000 chairs will cost: a) $2,260,000 b) $1,500,000 c) $10,000 d) $25,000 7.Work in process inventory increased $20,000 during 2005. Cost of goods manufactured was $280,000, Total manufacturing costs incurred in 2005 are: a) $298,000 b) $262,000 c) $289,000 d) $300,000 8. Wright Company reports production costs for 2006 as follows: Direct materials used $375,000 Direct labour incurred $250,000 Manufacturing overhead incurred $400,000 Operating expenses $145,000 Wright’s period costs and product costs respectively for 2006 are: a) b) c) d) $145,000 and $1,025,000 $1,025,000 and $145,000 $545,000 and $975,000 $975,000 and $545,000 End of worksheet #1 -6-

Should College Be High School - 849 Words

Before coming to college, I was always in a rush to hurry up and graduate then enter college. During my highschool years I didn t spend any of my time with friends on school campus nor did I spent time getting to know people. I thought highschool was a complete waste of time and if i could zip through it and get good grades I would get high school over with at a fast pace. I did fairly well in high school zipping my way through, I thought that if I could do well in high school I should do better in college. Thus my hypothesis was wrong, college is not like how I expected it to be at all. When entering english 5a I had thought it would be a walk through of what I learned in high school but again I made a wrong conclusion. English 5A consisted weekly readings from the book in Everything that is done in college should be done with quality over quantity. I couldn t try to do my essays over night like how I did in highschool because the essay would be built with poor quality, resulting m yself to fail to understand the concept of academic writing. The actual concept to academic writing includes a person opinions along with a thesis that supports the authors claim. Then followed by the opinion, there should always be a reason or a topic sentence on why the author or writing is trying to tell the audience. Lastly there should always be evidence in the essay with statistics, examples, reliable quotes, and the topic should always focus on one specific topic. Another writingShow MoreRelatedShould College Be A High School?853 Words   |  4 PagesTo Community or to State? One of the most daunting decision a high school senior must make, besides deciding on what to wear to their senior prom and how to leave their mark in school, is to make their final decision on what college they want to go. 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Choosing to take college classes while I’m in high school was a daunting decision. I’ve heard my councilors say things along the lines of â€Å"that’s really brave† and â€Å"good for you, getting a jumpstart on college †, but in reality, I’m just trying to beat the clock. In all honesty, this assignment was really difficult. The first time I read the instructions, for whatever reason, I thought we were to write a five-page memoir aboutRead MoreShould College Degree Be A High School?1841 Words   |  8 PagesCollege Degrees Just a few decades ago, having a high school education was considered a luxury and sometimes an unnecessary amount of education for some individuals. Once the amount of students attending high school rose, college seemed to be the next best course of action, however it still was not something that became absolutely necessary in our economy up until this decade. The amount of college graduates has risen, yet the number of students either dropping out of college or not even consideringRead MoreShould College Degree Be A High School Diploma?883 Words   |  4 Pagestechnology advancing each day, many jobs in today s society require more than just a high school diploma. Writer Catherine Rampell says, â€Å"A college degree, in other words, is becoming the new high school diploma: the minimum credential required to get even the most basic, entry-level job† (The Washington Post). No matter what college degree one earns, there will be better opportunities available. Having a colleg e degree helps someone develop confidence, allows someone to become better off economicallyRead MoreShould College Degree Be A High School Diploma?882 Words   |  4 Pagestechnology advancing each day, many jobs in todays society require more than just a high school diploma. Writer Catherine Rampell says, â€Å"A college degree, in other words, is becoming the new high school diploma: the minimum credential required to get even the most basic, entry-level job† (The Washington Post). No matter what college degree one earns, there will be better opportunities available. Having a college degree helps someone develop confidence, allows someone to become better off economicallyRead MoreCollege Should Be A Training Base For High School Degree1249 Words   |  5 PagesMy dad always said, the higher education changes his life trail. When he was in high school he’s grade was dragged by English, although he was good at sciences, his GPA was debased. My grandparents urged him to find a job after he graduated high school immediately, but he thought he should master a specific professional skill to apply for a better occupation in the future. He didn’t listen to my grandparents, he attended to an entrance examination of a medical university and became a dentist afterRead MoreHigh School And College Should Have A Greater Chance For Success922 Words   |  4 Pagesbetween high school and college should have a greater chance for success† (S.Hansen). Most of us spend 15 to 16 years in school to get to college. School plays a significant role in our life. We can do so much different things in school such as play sports, volunteer and extracurricular activities. High school and college are significantly different and they are also similar in some ways, for instance they are different academically and socially. College education is very expensive while high schoolRead MoreStudents Should Start Planning For College At The Beginning Of High School1443 Words   |  6 Pagesprice of high education will rise. It’s the dog that never catches its tail.† Bennett asserts that while the prices of education are rising, they are not going to start falling as a result of, the amount the government puts in (Student Loan Quotes, 2015). The average student leaves college with an average of $35,000 of debt. With this debt, students have to put off major life decisions such as starting a family or buying a house, for the reason that their debt has accumulated from their college yearsRead More High School Athletes Should Consider College Over the NBA Essay1196 Words   |  5 Pages In the last ten years many young and talented high school basketball players have chosen to enter the NBA draft. These 17 and 18 year olds decide to skip college, and instead they choose to take a big risk and enter the NBA, hoping to become stars and earn millions of dollars. In many cases, these youngsters’ careers are a failure because they don’t turn out as talented as they thought to be. They end up spending only a few seasons in the NBA because they are not good enough to compete at that