Write an essay on education
College Topics On Persuasive Essay
Sunday, August 23, 2020
Rankle
Annoy Annoy Annoy By Maeve Maddox A peruser announces: I annoy Or get bothered when I hear somebody, normally, a competitor, is under evaluated. I'm not catching this' meaning? The inquiry pose about the term underestimated, yet this post will concentrate primarily on annoy. In the first place, the action word misjudge: underestimate: to appraise at too low a worth or worth. Ex. Research shows men will in general exaggerate themselves and ladies underestimate themselves. Further clarification of misjudge doesn't appear to be important. The peruser is right in the perception that the term is much of the time utilized concerning competitors. For instance, a Google search raises a few arrangements of ââ¬Å"the most underestimated sports figuresâ⬠: 10 Most Underrated Athletes of All Time The 25 Most Underrated Sports Superstars of All Time The List: Underrated untouched competitors 10 of the most misjudged sports stars ever The 5 Most Underrated Athletes The 25 Greatest Underrated NBA Players of All Time Presently, to irritate. Taken into English from Old French, the action word irritate at first implied ââ¬Å"to festerâ⬠or ââ¬Å"to suppurate.â⬠An injury that bothered was spoiling. After some time, the word has dwindled in non-literal use to intend to pester or to aggravate. Bother passes on a feeling of continuous passionate hurt or sharpness. The action word might be utilized transitively or intransitively. Here are instances of current use: After under a quarter of a year at work, LePage has just figured out how to bother a greater number of bodies electorate with his obtuseness than any Maine senator in ongoing memory.- Deseret News Christieââ¬â¢s Cowboys Support Rankles Some New Jersey Residents-Wall Street Journal My dad didnââ¬â¢t get his due. That despite everything irritates.- Shadaab Khan $10 greenback change annoys relative of Alexander Hamilton-New York Times [Rod] Serling was not simply one more consultant and he annoyed at the apparent attack against his work-Jeannot Szwarc Is it true that you are irritated by your cankles? Another liposuction treatment may support Daily Mail Note: The word cankle is another one on me. Word banners it as an incorrect spelling. Cankle doesn't show up in the OED or on the Ngram Viewer, yet Merriam-Webster offers a reference from The Philadelphia Inquirer dated 2001 and characterizes cankle as: a wide, thick, or fat lower leg that seems vague from the lower calf. Cankle is a portmanteau: calf + lower leg. With respect to irritate, Itââ¬â¢s a decent word to pass on a rotting inconvenience of long span. Need to improve your English in a short time a day? Get a membership and begin accepting our composing tips and activities every day! Continue learning! Peruse the Vocabulary class, check our mainstream posts, or pick a related post below:30 Synonyms for ââ¬Å"Meetingâ⬠Hyper and HypoUsing Writing Bursts to Generate Ideas and Enthusiasm
Friday, August 21, 2020
Instructional strategies and approaches Essay Example for Free
Instructional systems and approaches Essay Presentation Careful observing of understudy learning is a basic part of value training . It is a solid indicator of understudy accomplishment just as a significant separating factor between powerful schools and instructors from the ineffectual ones. Checking of understudy learning alludes to the different exercises sought after by dependable and skillful instructors to monitor understudy learning for reasons for settling on instructional choices and giving criticism to understudies on their presentation and progress in school. Systems for Monitoring Students. Understudies have distinctive learning styles which is the reason instructors ought to endeavor hard to track down exercises that will suit the requirements of their understudies. One method of observing understudies to guarantee learning is by asking them inquiries about the exercise introduced to check on the off chance that they get it or not. Addressing is a profoundly compelling technique to bring understudies into the taking in process from the earliest starting point of a class meeting until the end. It invigorates their enthusiasm for new subjects, thoughts and difficulties; and it urges understudies to be intelligent about their own convictions, presumptions and perception of new themes. Addressing passes on to understudies what they are to realize, what they are to do, and how they will do it. Successful addressing includes arranging and practice before directing exercises. Questions, oral recitations and different methods for calling upon understudies to show their comprehension of exercises introduced are a portion of the techniques instructors used to see whether their guidance is working and successful or in the event that it should be clarified further or balanced here and there to guarantee learning of understudies. Another technique for observing understudy learning and progress is by directing their seat works. This action includes the instructor to circle or move around the study hall to check how well or how inadequately the understudies are advancing in the errand. This is additionally an open door for her to give a coordinated guidance to the individuals who need it. Schoolwork then again can be advantageous, nonpartisan, or unfavorable relying on the nature and the setting of the schoolwork errands. When painstakingly observed by the instructor, this movement can build the studentââ¬â¢s learning time, along these lines, may add to an expansion in the studentââ¬â¢s accomplishment. Schoolwork additionally assists understudies with increasing an inspirational demeanor towards school, around the specific branches of knowledge where schoolwork is doled out and toward the schoolwork itself. Day by day, week by week and month to month surveys can simultaneously upgrade the learning of new material whenever joined with addressing and other learning tests. As such, the educator can recognize those regions which needs re-instructing. Homeroom testing likewise bear a positive relationship to later understudy accomplishment when controlled normally and as often as possible. Studies uncovered that understudies who are tried much of the time and given criticism quickly are found to have uplifting mentalities toward tests. They view tests as an encouraging component to the learning and considering process. At long last, educators ought to often survey studentââ¬â¢s execution information to keep an eye on their presentation and progress. This is directed to recognize who among the understudies are at dangers, needs remediation or a one-on-one instructing. Powerful Monitoring Systems Teachers should, before continuing to the following exercise, decide first whether the understudies comprehended her exercises or not. It is significant that understudies should rehearse or perform aptitudes in the correct manner first before acquainting them with another exercise or sub-ability. Truly outstanding and best methods of checking my understudies is by asking them inquiries during class conversations. This isn't just to draw their consideration towards the exercise introduced to them, yet to likewise to invigorate their enthusiasm to the following point that I am going to acquaint with them. Addressing achieves such huge numbers of things in my understudies. To start with, it fortifies or remedies their comprehension towards the subject being talked about to them. It additionally urges them to take part in dynamic learning. It gives them new data picked up from the inquiries raised and it offers them a chance to explain a few focuses in the subject being talked about. Chief, it sets them up to learn and apply new aptitude to new difficulties, and in this manner, expands their perspective about existence. Addressing doesn't just widen my studentsââ¬â¢ center around the point introduced to them yet it empowers me to recognize their readiness to acknowledge new data. This educated data causes me to adjust, rebuild or change the exercises that I am going to acquaint with them a while later. I likewise have confidence in the significance of overseeing my studentââ¬â¢s seatwork. I see that this technique starts more cooperation with my understudies than simply sit tight for them to call me and request help. At the point when vital, I likewise give augmentation for the individuals who need additional opportunity to complete their errands. This is to permit moderate students to adapt to the remainder of their schoolmates. Other than giving customized or one-on-one guidance, time augmentations is additionally useful and powerful as a way to guarantee learning in understudies. At the point when my understudies are through with their undertakings, I generally make a point to have them turned in for checking and evaluating purposes. Checking studentââ¬â¢s schoolwork is likewise an extraordinary assistance to guarantee learning in understudies. To have the option to receive its rewards, I generally ensure that the schoolwork I provided for them are those that are attached to the topic we right now concentrated in the study hall and are suitable to their development level. I utilize this kind of observing framework as a methods for expanding understudy practice time with the new material introduced to them. I likewise ensure that guardians get include all the while, and that they know about what should be done with the goal that they themselves urge their youngster to do the schoolwork. Turned in schoolwork are constantly evaluated, remarked on and checked before being given back to understudies as this would permit my understudies to survey and right their slip-ups. At long last, to check whether my directions were completely comprehended or not, I give my understudies a test or a short test to affirm their grip of the exercise introduced to them and to recognize also potential holes in their insight and comprehension of the branch of knowledge. This likewise encourages me monitor my studentââ¬â¢s learning for the motivations behind creation instructional choices and giving input on their presentation and progress in school. Every one of these techniques are utilized to have the option to make alterations in my directions to guarantee learning in my understudies; to decide whether the strategies I utilized in training them are compelling or not and; to distinguish also who among my understudies are at dangers, needs remediation or a one-on-one educating.
Wednesday, July 8, 2020
The Great Depression - Free Essay Example
The Great Depression was the events in American history between 1929 and 1938 in which the stock market crashed, banks failed, and unemployment rate was the highest it has ever been in the nations history. This paper will discuss the causes of the Great Depression, how it affected the lives of people in America, and what the government did to try to pull America out of the Great Depression. The year 1929 started off with republican Herbert Hoover becoming president replacing Calvin Coolidge who had previously served as president between 1923 and 1929. President Hoover believed in laissez-faire policies and thought that if the market economy was free, capitalism would be able to fix an economic downturn. Based on his economic beliefs, Hoover had lowered the top income tax rate to 24 percent from the previous 25 percent rate, while this may not have been enough to spark the depression, it did little to facilitate the major economic growth that had occurred during the 1920s. On October 24th, 1929, a day now known as Black Thursday, Stock prices fell 11 percent and throughout the week leading up until October 29th the stock market had fallen a total of 17 percent. A month later the stock market begun to trade sideways, a period when investments are within a tight range and dont get high, between the crashes the week before and the sideways market, investors began to lose faith in the stock market and started selling stocks and pulling money out of the banks which caused wide spread panic. In 1929 there were a total of 650 bank failures, these failures caused the money supply to reduce and made each dollar worth more. With the rise in the value of the dollar, prices fell which reduced revenue for businesses and increased the amount of debt that lenders had to pay back. This caused not only business to file for bankruptcy, but also caused personal bankruptcy across the nation. In 1930 families in America started to feel the effects of the Great Depression, with businesses failing and the unemployment rate steadily rising, most people found it already difficult to feed themselves and their families. Although times were tough for many people in America, no one had it worse than the farmers along the Mississippi River up to the mid-Atlantic where the worst drought in 300 years, known as the Dust Bowl, would cause massive crop failure. President Hoover felt as though he had to help the people affected by this drought and signed the Smoot-Hawley Tariff Act. The Smoot-Hawley Tariffs raised taxes on 900 imports, the idea behind the tariffs was to support the farmers affected by the Dust Bowl, but instead of helping farmers and citizens, it caused food prices to increase in a nation that was already suffering.
Tuesday, May 19, 2020
Analysis Of The Narrative Scholarship Boy By Richard...
In the narrative called ââ¬ËScholarship Boyââ¬â¢, by Richard Rodriguez. One can say that the biggest turning point is when Mr. Rodriguez himself realizes, at the age of thirty. The biggest attribute to his success and determination is schooling as a young boy. This is when Mr. Rodriguez had to live two separate lives. One as a young boy eager and willing to learn and develop, and another as a son and sibling to his family. At the age of thirty he finally is able to come to terms with this fact and be able to talk about in public and not have to keep it bottled up any longer. During this time in his life he is writing his dissertation and finds a written piece by Richard Hoggarts called, ââ¬ËThe Scholarship Boyââ¬â¢. At this point in his life he sees that he is not alone with his life struggles. This was figuratively like lifting weights off of Mr. Rodriguezââ¬â¢s shoulders, you can see how while telling this part of the story stress is taken off of him. It is interesti ng to see that during the entire narrative Mr. Rodriguez seems unappreciative and ungrateful for the life his parents had given him. He is obviously resentful to the idea that his parents didnââ¬â¢t appreciate or value the idea of education, or at the very least learning the primary language of a country they moved to. Nothing in the story states that they were ignorant parents and didnââ¬â¢t know how to do simple math, the struggle that kept his parents from being able to give Mr. Rodriguez the attention and affection but most of allShow MoreRelatedComparison Essay1541 Words à |à 7 Pagesessay of Paulo Freire and Richard Rodriguez Paulo Freireââ¬â¢s essay ââ¬Å"the banking concept of educationâ⬠and Richard Rodriguezââ¬â¢s essay ââ¬Å"the achievement of desireâ⬠talk about the topic of education. Education is explored in many different ways. In Freireââ¬â¢s essay ââ¬Å"the banking concept of educationâ⬠he expresses his dislike of the education system and the distribution of power and authority in the class room. In his essay, he says that all the power belongs to the teacher. Richard Rodriguezââ¬â¢s essay ââ¬Å"theRead MoreThe Achievement of Desire by Rodriguez Essay999 Words à |à 4 PagesThe Achievement of Desire by Rodriguez In Rodriguezââ¬â¢s essay, The Achievement of Desire, Rodriguez illustrates the characteristics of an automaton, thus confirming Freireââ¬â¢s views regarding the banking concept. Despite his classification as a scholarship boy, Rodriguez lacked his own point of view and confidence, which led him to be dominated by his teachers and his books. In the eyes of Paulo Frerie, Rodriguez would be considered a receptacle. He was filled not only with his teacherââ¬â¢s informationRead MoreAnalysis Of Ethos And Pathos In Aria By Richard Rodriguez1670 Words à |à 7 PagesChildhoodâ⬠written by Richard Rodriguez was published, in 1981, in The American Scholar, is an article that exemplifies ethos and pathos to persuade the audience. Initially, Rodriguez comes out against bilingual education, for he argues students whom English is not their first language, should be educated in English, and not in their native language. Rodriguez frames his argument in a personal narrative, becau se it is a story about the importance of not having bilingual education. Rodriguez challenges theRead MoreAnalysis Of Richard Rodriguez s A Stranger And Strange Lands Essay2274 Words à |à 10 PagesComparative Analysis Over the past month, we have been studying the concept of reading and writing in different communities. To assess this, we have read two different texts. Richard Rodriguezââ¬â¢s the achievement of desireâ⬠, from his autobiography ââ¬Å"Hunger of Memoryâ⬠; and Lucille McCarthyââ¬â¢s ââ¬Å"A Stranger in Strange Lands: A College Student Writing across the Curriculumâ⬠from ââ¬Å"Research in the Teaching of Englishâ⬠. Both answer key questions regarding what it takes to become a great reader and writer, howeverRead MoreMethods of Qualitative of Data Collection19658 Words à |à 79 Pages99 Data Collection Methods 99 categories or strict observational checklists. In this way, the researcher is able to discover the recurring patterns of behavior and relationships. After these patterns are identified and described through early analysis of field notes, checklists become more appropriate and context-sensitive. Focused observation then is used at later stages of the study, usually to see, for example, if analytic themes explain behavior and relationships over a long time or in a varietyRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words à |à 1573 PagesIII, University of Arizona Jacqui Bergman, Appalachian State University Anne Berthelot, University of Texas at El Paso David Bess, Shidler College of Business at the University of Hawaii Bruce Bikle, California State University, Sacramento xxx Richard Blackburn, University of North Carolinaââ¬âChapel Hill Weldon Blake, Bethune-Cookman College Carl Blencke, University of Central Florida Michael Bochenek, Elmhurst College Alicia Boisnier, State University of New York William H. Bommer, Cleveland StateRead MoreProject Mgmt296381 Words à |à 1186 PagesLeadership Chapter 2 Organization Strategy and Project Selection 1.4 Projects and programs (.2) 1.4.1 Managing the portfolio 1.4.3 Strategy and projects 2.3 Stakeholders and review boards 12.1 RFPââ¬â¢s and vendor selection (.3.4.5) 11.2.2.6 SWAT analysis 6.5.2.7 Schedule compression 9.4.2.5 Leadership skills G.1 Project leadership 10.1 Stakeholder management Chapter 11 Teams Chapter 3 Organization: Structure and Culture 2.4.1 Organization cultures [G.7] 2.4.2 Organization structureRead MoreLogical Reasoning189930 Words à |à 760 PagesSimon Fraser University v Acknowledgments For the 1993 edition: The following friends and colleagues deserve thanks for their help and encouragement with this project: Clifford Anderson, Hellan Roth Dowden, Louise Dowden, Robert Foreman, Richard Gould, Kenneth King, Marjorie Lee, Elizabeth Perry, Heidi Wackerli, Perry Weddle, Tiffany Whetstone, and the following reviewers: David Adams, California State Polytechnic University; Stanley Baronett, Jr., University of Nevada-Las Vegas; Shirley
Wednesday, May 6, 2020
Is catcher in the rye and the stranger still relevant
Albert Camusââ¬â¢ ââ¬ËThe Outsiderââ¬â¢ and J.D Salingerââ¬â¢s ââ¬ËThe Catcher in the Ryeââ¬â¢ both have central characters who find themselves on the boundaries of the society they live in. Holden Caulfield finds himself ââ¬Ëlonesomeââ¬â¢ in 1950ââ¬â¢s New York, in the lead up to Christmas, while Meursault, the protagonist of Camusââ¬â¢ novel faces trial before a jury after committing the murder of an unnamed Arab man, in 1930ââ¬â¢s Algeria. The question we must ask ourselves as readers is: are the stories of these two men still relevant to life in the twenty-first century, and if so, why? Meursault, the readersââ¬â¢ eyes and ears in ââ¬ËThe Outsiderââ¬â¢ appears unbelievably detached from anything or anyone around him. The opening line of ââ¬ËMother died today. Or maybe yesterday, Iâ⬠¦show more contentâ⬠¦Many believe that Camusââ¬â¢ novel is a work of existentialism, that an individual is responsible for giving meaning to his life, as opposed to the institutions around him. Meursault deals with death in a way that is unnatural to humans, but a way that after reading his internal monologue we can understand. He offers a different view of death. The chaplain that visits Meursault says he is suffering from ââ¬Ëextreme despairââ¬â¢ but Meursault disagrees, he is only afraid because to be afraid ââ¬Ëis only natural.ââ¬â¢ After the conversation with the chaplain, Meursault accepts death, now he feels ââ¬Ëforever indifferentââ¬â¢ to the world around him. He realises that death is a natural occurrence; he has no control over when or how he will die. In this moment Meursault relinquishes the ideals of hope. It would only torture him on his deathbed. Now Meursault is at peace with the world, he states ââ¬ËWhat did it matter that Marie now had a new Meursault to kiss?ââ¬â¢ This acceptance of death is still relevant today as death is a universal occurrence, it happened in the 1930ââ¬â¢s when the novels set, the 1940ââ¬â¢s when the novel was written, and today in the 21st century. This is one of the main reasons why I believe it is still relevant to todayââ¬â¢s reader. Holden in J.D Salingers The Catcher in the Rye is very famous for the use of the word phony. It appears in almost every chapter because Holden is very much a fan of the concept of it. Holden uses it to describe a range of different thingsShow MoreRelatedLord Of The Flies, By William Golding And The Perks Of Being A Wallflower1087 Words à |à 5 Pagessome of my most beloved. In my junior year, I read A Separate Peace by John Knowles for my AP U.S. History class while I read The Catcher in the Rye by J.D. Salinger over the summer. A Separate Peace explores the rivalry that can lie at the heart of many friendships and conveys the concept of individuality rather than conformity. Similarly, The Catcher in the Rye is the story of a teenage boy who despises the phoniness of society and fears becoming just another phony adult. Both novels share similarRead MoreAnalysis of A Catcher In the Ryes Holden Caulfield: Enemy of Himself1686 Words à |à 7 PagesJerome David Salingerââ¬â¢s onl y novel, The Catcher in the Rye, is based on the life events shaping main character, Holden Caulfield, into the troubled teen that is telling the story in 1950. The theme of the story is one of emotional disconnection felt by the alienated teenagers of this time period. The quote, ââ¬Å" I didnââ¬â¢t know anyone there that was splendid and clear thinking and allâ⬠(Salinger 4) sets the tone that Holden cannot find a connection with anyone around him and that he is on a lonely endeavorRead MoreThe Mind Changing Disease : From Post Traumatic Stress Disorder1302 Words à |à 6 PagesThe Mind Changing Disease. Throughout the novel Catcher in the Rye by J.D. Salinger the main character Holden Caulfield Shows Valid signs of suffering from Post Traumatic Stress Disorder or PTSD. Holden exhibits PTSD Through his thought process and actions during his journey through New York City until the end of the novel. Holden without a doubt experiences a psychological journey and shows PTSD like symptoms from his departure at Pencey Prep till he ends up at a mental institution. Holden isRead MoreBelonging Essay4112 Words à |à 17 Pagesdiscover the underlying assumptions contained in texts deconstruct the representation of belonging - people, relationships, ideas as well as the places, events and societies, by different composers through their use of language modes, forms, and their relevant structural forms and language features engage personally with their texts and draw on their own experience make connections to their perceptions of the world and the worlds represented in the texts. Waverley Libr ary database Log on to the database
Financial Intelligence For HR Professionals ââ¬Myassignmenthelp.Com
Question: Discuss About The Financial Intelligence For HR Professionals? Answer: Introducation All the cost that is involved in the production process is known as manufacturing overhead. The manufacturing overhead is a wide term which comprises of various other factory cost also. However, the cost incurred with respect to direct material and direct labour is excluded from the manufacturing overhead. As there is no direct cost and it is a kind of overhead it is also known as indirect cost. Apart from the manufacturing cost there are also certain cost in relation to selling and distribution and various other general and administrative expenses that are not added to the product cost. These cost are shown in the income statement of the company as and when they are incurred. Such cost may include inspection cost, maintenance and repair of any asset, depreciation of an equipment, etc. Based on the general accounting principle, it is necessary to value the inventories and the cost of goods sold on the basis of direct cost and manufacturing overheads(Berman, Knight and Case, n.d.). It is a common practise that the overhead has to be allocated and assigned to all the particular units if the company produces more than a single product. Manufacturing overhead is also distributed in this manner. For example, depreciation of the machine is calculated taking into consideration the value of the machinery, electricity is based on the units consumed and so on (Shim and Siegel, 2008). There are a large number of ways by which the company can assign and allocate overhead. These methods are chosen by the companies depending on the market forces and the nature of operations the company carries out. These can be divided into two broad groups- conventional approach and activity based method (modern). Let us now understand the concept of conventional approach first, in this method the manufacturing overhead was simply allocated on the basis of machine hours or the labour hours or any changes in the degree of the prime cost (Bruner, Eades and Schill, 2017). It is observed that the manufacturing overhead is increased with the decrease in the labour hours or machine hours. When the accountant of the company does not use different cost drivers but uses a single cost driver for all the overheads, then the rate calculated is said it be single blanket rate (Saltelli, Chan and Scott, 2008). In the question, we are asked to calculate the cost per unit using the single blanket rate. The formula for calculating the single overhead rate is budgeted cost divided by the number of hours required for production. On calculating on the basis of labour hours we have found out that the manufacturing rate is 48/product unit. This means that for Fred it costs $96 (48*2) as he took two hours to complete one unit whereas for Martha it costs $144 (48*3) as it took three hours for him to complete one unit. PARTICULARS FRED MARTHA Production units 1000 5000 Direct materials 40 60 Direct labours 30 45 Manufacturing overheads 96 144 Total Cost Per Unit 166 249 Total Manufacturing Costs $8,16,000 Total Hours Required 17000 hours (1000 units of Fred *2 + 5000 units of Martha*3 hours) Manufacturing Overhead Per Hour = Total Manufacturing Costs Total Hours Manufacturing Overhead Per Hour = 816000 17000 In this question, we have been asked to calculate the cost involved in the cost activity based on different cost drivers. The word cost activity is a technical term used in cost accounting which can be explained as different types of activities that are involved in the manufacturing process. The cost activities together form a cost pool. Although these cost are not directly attributable to the product still they form a part of the cost. The other word used cost driver is a factor on which the cost of a activity is dependent (Taylor, 2008). Following is the table that shows the rate of each activity as per the cost driver. For example, the expenses related to machine are $450000 which is divided by the budgeted cost driver of 9000 hours resulting in the rate of absorption $50/ machine hour. In the given table the rate of absorption has been calculated based on their respective cost drivers. ACTIVITY COST($) COST DRIVER Budgeted Level RATE ($) Machine Related Costs 450000 Machine hours 9000 hours 50/hour Setup Inspection 180000 Number of production runs 40 runs 4500/run Engineering 90000 Engineering change orders 100 change orders 900/order Plant Related Costs 96000 Square footage of space 1920 sq. ft. 50/sq.ft TOTAL 816000 There is basically two approaches- conventional approach and activity based costing. The activity based costing is a practical as well as a logical approach in which the overhead is allocated in a more logical manner i.e. on the basis of the actual usage (Clarke and Clarke, 1990). This approach is adopted by the business having large scale of operations in which the there are a huge number of machineries and equipments used. Using a single blanket rate, is however very illogical as it does no determine the true overhead that should be allocated rather overhead is allocated on the basis of a one particular overhead rate. Therefore, the overhead allocated according to the single blanket rate is usually wrong. There is a direct relationship between the products and the activities undertaken and so the overhead calculated based on this approach is said to be appropriate. Hence, we can conclude that activity based costing is less arbitrary when compared to the conventional approach. As ex plained above, the activity based costing is used in the large businesses because there is a requirement of calculating true cost and also the proper classification of the cost has to be known (Fairhurst, 2015). The product cost per unit using the modern approach (ABC costing) and the overhead cost which is required by the question is calculated and presented below: The price per unit of Fred was $199.20 whereas the price per unit of Martha was $298.8 when the firm was pricing its product @ 120% of the total manufacturing cost i.e. when it was selling its products at a margin of 20%. Earlier, the cost was calculated based on the conventional approach but after calculating the cost as per activity based costing, the product cost will be as follows (it will still price it product @120% of the manufacturing cost) (Galbraith, Downey and Kates, 2002)- Price per unit of Fred = 120%*504.30= $605.16 per unit. Price per unit of Martha= 120%*181.34= $217.60 per unit. After this calculation is made , it has been observed that the profit of Fred has increased from $33.20 per unit to $100.86 per unit whereas the profit of Martha has fallen from $49.80 per unit to $36.28 per unit on adopting the ABC approach. According to the conventional approach of costing, the overhead is allocated on the basis of the volume of production. These may be dependent on the volume of the production hours or even the machine hours consumed. Let us consider an example to understand this better, suppose there is a small manufacture whose volume of production is a little low but there is a huge expenditure of engineering cost, inspection cost, setup cost etc. If the manufacturer directly allocates the overhead on the basis of production hours then the result derived from it may be not reliable and may mislead them (Galbraith, Downey and Kates, 2002). This approach is usually adopted by the manufacturers whose scale of operations is simple and there are very less number of activities in which it is engaged. In such a situation where there is no complexity, a manufacturer may use the single blanket overhead rate for valuation. In case the manufacture is engaged in a number of complex activities, then it should no t go for conventional approach rather separate cost drivers is developed in order to carry out proper valuation. If the overhead rate is wrongly charged from the customer then there may be arise in price which could harm the business, therefore the decision of the management in regards to selection of the method should be taken very carefully (TULSIAN, 2016). The conventional approach prevents the true and fair presentation of cost of resource consumed by the final product. Conventional approach splits the total cost in two categories i.e. fixed cost as well as variable cost which is not considered realistic in the case when the business grows. This approach is not favourable for the manufacturing sectors as the valuation done by them is based on the degree of completion (Holland and Torregrosa, 2008). The advantages of adopting the activity based costing are as follows: The activity based costing system helps the company to know its position to earn the maximum margin of profit that it can earn. This analysis helps to determine the profits that could be earned on the basis of different product lines, cost of the product and the whole subsidiaries (Khan and Jain, 2014). The activity based costing helps to evaluate and identify all the cost that will be incurred if the firm takes the decision of in-house manufacturing. Therefore, it enables to compare between the manufacturing and outsourcing and helps to take a decision that would prove to be reasonable. The segregation of the overhead at the plant wide level is considered to be better than the cost of production between the different facilities. All the cost incurred in the manufacturing process forms a part of the product cost, some cost that are abnormal in nature also forms a part of the product cost such as customer service cost, handling cost and others (Reilly and Brown, 2012). These cost are then properly identified using the ABC approach and then it is seen whether the customers are paying them sufficient profits. The activity based costing enables a comparability between the cost incurred at industry standards and the cost incurred individually by the firms. This helps the company to have clear knowledge of the cost that is being incurred and the ways to reduce the wasteful cost (Reilly and Brown, 2012). The above advantages provide enough proof to say that the activity based costing is more logical and reliable than the conventional approach. There are also certain limitations of the activity based costing. They are- There are a large number of cost pools used in this approach and therefore there is a huge cost incurred in managing these cost pools. Therefore, we can say that although this system has various advantages, it also expensive at the same time. There Isa difficulty in the installation of the activity based costing system because the system has to be installed across all the product lines and the facilities. The installation requires an involvement of huge time which makes difficult for the company to gain management support as well as budgetary support. Activity based costing requires many relevant information from the various departments of the company. As we know, the company has a large number of departments therefore it becomes difficult to collect the input data. ABC follows the project basis which means that the information is collected only once and the such information is not used by any other operational situation other than the current operational situation. Therefore, the ABC is used once and then it is discarded. It is a normal practise among the employees to report that the time spent on any particular activity is equal to 100% of the time they have worked. But we all know that they do not work 100% because there is a good idle time involved in it as well, for example- lunch time, gossiping with the other employees, administrative meetings, internet surfing and many more. In such a situation , the time for which they have not actually worked also gets involved in the total time spent on an activity. Therefore, we can draw a conclusion that even though ABC system has many advantage it also has certain disadvantages. Now, it totally depends on the scale of operations as well as the nature of business to decide the compliance of various standards and principles. It is however important for every company whether small or large to give a clear picture of the costs and to charge a correct price from the customers as they are considered as the king of the business and no business can survive in the long run without their support. References Berman, K., Knight, J. and Case, J. (n.d.).Financial intelligence for HR professionals. Bruner, R., Eades, K. and Schill, M. (2017).Case studies in finance. Dubuque, IA: McGraw-Hill Education. Clarke, R. and Clarke, R. (1990).Strategic financial management. Homewood, Ill.: R.D. Irwin. Fairhurst, D. (2015).Using Excel for Business Analysis A Guide to Financial Modelling Fundamenta. John Wiley Sons. Galbraith, J., Downey, D. and Kates, A. (2002).Designing dynamic organizations. New York: AMACOM. Hassani, B. (2016).Scenario analysis in risk management. Cham: Springer International Publishing. Holland, J. and Torregrosa, D. (2008).Capital budgeting. [Washington, D.C.]: Congress of the U.S., Congressional Budget Office. Khan, M. and Jain, P. (2014).Financial management. New Delhi: McGraw Hill Education. Palepu, K., Healy, P. and Peek, E. (2016).Business analysis and valuation. Andover, Hampshire, United Kingdom: Cengage Learning EMEA. Phillips, J. (2014).Capm / pmp. New York: McGraw Hill. Reilly, F. and Brown, K. (2012).Investment analysis portfolio management. Mason, OH: South-Western Cengage Learning. Saltelli, A., Chan, K. and Scott, E. (2008).Sensitivity analysis. Chichester: John Wiley Sons, Ltd. Saunders, A. and Cornett, M. (2017).Financial institutions management. New York: McGraw-Hill Education. Shim, J. and Siegel, J. (2008).Financial management. Hauppauge, N.Y.: Barron's Educational Series. Taylor, S. (2008).Modelling financial time series. New Jersey: World Scientific. TULSIAN, B. (2016).TULSIAN'S FINANCIAL MANAGEMENT FOR CA-IPC (GROUP-I). [S.l.]: S CHAND
Wednesday, April 22, 2020
Some People Prefer to Spend Their Lives Doing the Same Things free essay sample
There has been a popular and interesting controversy in regards to peoples lifestyle. Some people would like to remain unchanged for their entire life, while others in favor of changing. Since this matter is debatable, I shall enlighten both sides before deriving any conclusion over this fact. On the one hand, those who are fond of devoting their life to a particular career tend to be in professional areas such as doctors and scientists. These jobs need chronic research and practice to acquire success. As a result, it is hardly to see a surgeon or a physicist abandoning their career and switch to other professionals. In addition, these jobs have a higher obstacle to change because the career development is much narrower than others. For instance, an astronomer would have no sense about economy and investment, and therefore it would be highly unlikely for him to get another job which is irrelated to astronomy. We will write a custom essay sample on Some People Prefer to Spend Their Lives Doing the Same Things or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page From this point of view, it is understandable that long-term research and faith of insistence are in need in highly professional careers. On the other hand, it is not uncommon that many people are fascinated by attempting new subjects. They would like to meet different people and accept new challenges rather than to maintain current circumstances. Consequently, they are capable to create more versatile experience and cultivate well-rounded character. However, frequent job-hopping will lead to minor opportunities to get promoted, thus those who prefer changing would be unable to create a successful career because of lack of specialties. In conclusion, there is no clear answer to this issue as there are equal numbers of pros and cons on both arguments. My personal belief is that is should depend on different personalities and the essence of the jobs.
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