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Ebay Inc. Is An American Multinational Corporation And E...

eBay Inc. is an American multinational corporation and e-commerce company in which people buy and sell goods via Internet based auction style sales. Amazon.com is an e-commerce company that enables customers to sell their products and fulfill orders through the company’s websites and the seller s own websites. Both of these sites sell a wide range of products, from clothing and fashion accessories to large electronic goods. Though these two companies both began as an online-based company that links buyers to sellers, they have evolved over the years to incorporate each other’s more successful elements. However, there still are some key differences between the two websites. To most people, Amazon is a retailer company that sells products to consumers, but eBay is an online-auction house where consumers congregate to sell their goods to one another. Up until recently, eBay has been considered one of the most successful internet-based mega-firm that has been discussed and studied by several expert economists. However, recently, Amazon has expanded vastly while eBay has experienced what is thought to be downfall that even the article â€Å"Why Amazon Should Buy eBay† appeared in the New York Times. This has been well demonstrated in the market value of the two companies. Not many years ago, market value of eBay was 3-4 times higher than that of Amazon. However, because of recent innovation in Amazon, their market value up-trended 150% to 45 Million dollars whereas eBay stillShow MoreRelatedTaking a Look at eBay Inc.978 Words   |  4 PagesIntroduction As the majority of us know, eBay Inc. is an American based (Headquarters: San Jose, California) multinational corporation that is dominant on the internet for consumer-to-consumer product or goods sales. eBay Inc. was founded in the year of 1995 as a personal project by its founder cum creator, Pierre Omidyar, for his personal goal of assisting his wife’s personal hobby of collecting Pez dispensers. However, in 1998 the company went public, and since then it’s President and CEO hasRead MoreThe Strategy And Priorities Of The Product Service942 Words   |  4 Pagesproviders which are provided as a solution to the customer’s problem (serive management ). In this present case study I would like to discuss about different Electronic commerce commonly written as E- commerce or online shopping services. This is one of the most significant service now a days in our daily life. The world of E- commerce is developed to enable consumers to shop at thousands of online sto res and pay for their purchase from any corner of the world by averting the middle man between manufacturerRead MoreOverview Of Ebay Inc.854 Words   |  4 Pagesorganization eBay Inc. is am American multinational corporation and e-commerce company, providing consumer-to consumer sales services via the internet. Its head quarter is located in San Jose, California. The founder of eBay is Pierre Omidyar (1995). It is a multibillion dollar business with operations localized in over thirty countries. The company manages eBay.com, an online auction and shopping website in which people and business buy and sell a broad variety of goods and services worldwide. eBay connectsRead MoreAnalysis of Ebay China’s Failure and Suggestions to Ebay’s Return Strategy from the Perspective of Cross-Cultural Conflicts7600 Words   |  31 PagesAnalysis of eBay China’s Failure and Suggestions to eBay’s Return Strategy from the Perspective of Cross-cultural Conflicts 1. Introduction Along with the development of global economy, no one is unfamiliar with the word of globalization, and the world is filled with multinational-corporations. In such circumstances, those companies have realized that the necessary way to survive in the global market and maintain the competitive advantages is toRead MoreCase Study on Ebay18810 Words   |  76 Pagesanswer the following questions: 1.Till 2005, eBay EachNet was the leader in the Chinese e-commerce market, controlling more than half of it. But eBay EachNet soon lost its market leadership position to Taobao.com (Taobao). In this context, analyze the reasons that can be attributed to Taobao’s edge over eBay. 2.a. To enable people to trade with each other, Pierre Omidyar created a marketplace in September 1995 which was later called eBay. By mid 1997, eBay received one million page hits per week withRead MoreThe Growth Of The Manufacturing And Agriculture Sectors1135 Words   |  5 Pagesservices are: †¢ eBay Inc. is an American multinational corporation and e-commerce company, providing consumer to consumer business to consumer sales services via Internet. †¢ Expedia, Inc. is an American-based parent company to several global online travel brands including Expedia.com, Hotels.com, Hotwire.com, trivago, Egencia (formerly Expedia Corporate Travel), Venere.com, Expedia Local Expert, Classic Vacations, Expedia CruiseShipCenters, Travelocity and Orbitz. Expedia, Inc.’s companies operate moreRead MoreE Commerce, Ebay, And Alibaba2029 Words   |  9 Pages E-commerce â€Æ' Introduction Before the dawn of the Internet, people had to physically leave their homes to buy things. Well, that s certainly not the case anymore. E-Commerce has revolutionized the way that business is done to make it more efficient and widespread than ever before. It can reach customers anywhere and anytime in the world, and provides a fast and easy way for customers to buy products or services without having to visit an actual store. It is win-win to both business ownersRead MoreGoogle, Amazon, And Netflix1351 Words   |  6 Pagesclick away. The following project explores three major Internet based companies who rightly communicated their performances throughout the years. This project explores three important companies who provide through the Internet: Google, Amazon, and Netflix. Google is an American multinational technology company, which concentrates in Internet-relating products and services including the popular search engine. The corporation is estimated to run more than one million servers in data centers aroundRead MoreVrio Analysis Nokia, Amazon Shai Zamir, Dan Saguy2017 Words   |  9 PagesIntroduction , Inc. is an American multinational electronic commerce company in the online retail market. Its’ headquarters is in Seattle, Washington, United States. It is the worlds largest online retailer, with different websites for large countries. Amazon was founded by Jeff Bezos in 1994 (the site went online in 1995). It started as an online bookstore, but soon diversified, selling DVDs, Music, software, games, electronics, apparel, furniture, food, and toys. From a papermill company founded almostRead MoreStrategic Development (Longitudinal) - Amazon4398 Words   |  18 PagesCOM Jeff Bezos in Seattle, USA, founded Amazon.com in 1994 (Bloomberg Businessweek, 2012). Prior to Amazon.com, Bezos was senior vice president for D.E Shaw (a Wall Street investment bank) where his major role was to find potential Internet companies to invest in. As soon as he quit his job, he decided to move to Seattle, where he created an online platform, accessible to customers, where a variety of products were sold (Biography, 2012)). He started with books then ventured out into a vast

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Oriented Normative Model Cost A Accounting â€Myassignmenthelp.Com

Question: Discuss About The Oriented Normative Model Cost A Accounting? Answer: Introducation Flexible budgets adjust in accordance with the volume of activity. It is preferred than static budget as it remains to one amount even though the change in volume of activity. In accordance with the study of Tukhvatullin, Pratchenko (2014 ), budgets are prepared at the end of the period so that they can be compared with actual performance and the objective behind the same is performance can be improved in accordance with variance derived. For example, in case cost of electricity and supplies to a manufacturing company is ascertained $10 per machine hour. Further, an approximate has been estimated that each month 4000- 7000 hours will be operated by the labourers. Now, in case the actual rate determined in less than $10 than it will be in favour which means that efficiency has increased and in case rate is more than $10 than same requires being improved. Budgets which are necessarily required to be prepared before cash budget are: Expense Budget: Expenses budget is required to be prepared as it comprises details regarding the operating expenses which have been incurred during the year. The amount which has been paid in cash will be reduced as cash outflow relating to operating expenses and will provide the amount remaining for financing and capital expenditure (Otley, 2015). Sales Budget: Sales Budget provides detail relating to sales occurred during the period. The same details are provided in cash inflow which is added to existing cash balance. The total amount specifies the amount available for operations and other expenditure. Capital Expenditure Budget: The budget provides detail relating to capital expenses incurred during the year. The same is specified reduced from net cash available after reducing operating expenses during the year. Operating cycle specifies the time required for producing as well as selling the product. On the other hand, cash cycle specifies the manner in which company is managing cash. A long cash cycle represents the unhealthy condition of the firm and vice versa short cash cycle represents the efficient performance of the firm. Working capital ratio and Inventory turnover ratio are the two main variants of this cycle as the first specifies whether working capital obligations are accomplished or not and the other specifies the no. of times organizations sell their stock within a specified period. Another essential variant of this cycle is collection ratio which represents regarding the efficiency of the organization in recovering their money from creditors. No, I do not agree with the statement that accounting is not necessary for government organization as it is for the private organization as it is not having worries regarding profit. The fact that no economic activity can attain victory without accounting specifies the reason behind same. Although government sector organizations are not having main aim of earning profit, they are required to record transactions in an appropriate manner and required to ascertain whether the money is applied in appropriate manner. In accordance with Libby and et al. (2015), the same cannot be accomplished without the assistance of accounting. Thus, accounting is a necessary requirement for both governments as well as private sector. The foremost objective of costing system is ascertainment of the selling price of a product and makes efforts to reduce the cost of the product. Determinations of cost assist manager in ascertaining the amount that is required to be charged from buyers. Further costing system assesses the manner in which resources is applied by each department so that if any case of misuse of available resources exists that same can be improved. It plays major role in developing financial system as the details provided by costing system in eventually applied by accountants Manufacturing overhead allocation rate = Total manufacturing overhead / total machine hours = $ 598080/7000 = $85.44 / machine hour. Administrative overhead allocation rate = Total administrative overhead / total direct labour hours =$695520 / 14000 = $85.44 / machine hour Price = (Total material + Overhead + Labour)/100*140 = ($19000+$66060+$34176) / 100*140 = $166930 The main reason for which allocation of overhead while quoting jobs or determining price is that expenses work as a base for determination of price and other activities such as purchase of raw material is not provided in direct material and direct labour thus the same is reflected in allocation of overhead (Abernethy, Bouwens and Lent, 2013). The main reason behind the application of predetermined overhead allocation overhead rather than actual rate is that actual rates are not available every time. Moreover, predetermined rates are more reasonable as actual rates vary in accordance with dependable external circumstances (DRURY, 2013). References Abernethy, M.A., Bouwens, J. and Lent, L. 2013. The role of performance measures in the intertemporal decisions of business unit managers. Contemporary accounting research,30(3), Pp.925-961. DRURY, C. M. 2013.Management and cost accounting. Springer. Libby, R., Rennekamp, K.M. and Seybert, N., 2015. Regulation and the interdependent roles of managers, auditors, and directors in earnings management and accounting choice.Accounting, Organizations and Society,47. Pp.25-42. Otley, D., 2015. Management Control.Critical Perspectives in Management Control. P.27. Tukhvatullin, R. S., Pratchenko, O. V. 2014. Budgeting system in construction organizations in conditions of a process-oriented normative model of cost accounting. Mediterranean Journal of Social Sciences, 5(24), 56.