Questions

Overhead costs should be figured into the cost estimate. Desired profit considered together with other factors such as market demand, availability of resources, prior experience are then used to determine the optimal price.

The gold prices in India are determined according to the international market in the following way:

- The price of gold in USD is taken as a base price. Depending on the value of indian rupee as compared to USD (eg- 1 USD= ₹63), the price of gold is converted into rupees.

- The import duties on gold are added to obtain the final price of gold.

• Gold is a global commodity. In the international market, the price of gold is determined by the forces of demand and supply. Higher demand leads to higher price and vice versa. Higher supply leads to lower price and vice versa.

In latest generation computers, the instructions are executed both sequencially and parallelly.

Capillaries Tiny blood vessels connecting arteries to veins. These blood vessels carry oxygen

and nutrients to individual cells. Capillaries are the smallest blood vessels in the body, and have

walls only one or two cells thick. (Their diameter is 5 to 10 micrometers, or 5 to 10 millionths of

a meter.)

Capillaries connect arterioles and venules, which are the smaller extensions of the larger arteries and veins.

Edward Thorndike (1874 - 1949) is famous in psychology for his work on learning theory that lead to the development of operant conditioning within behaviorism.

Thorndike (1898) studied learning in animals (usually cats). He devised a classic experiment in which he used a puzzle box to empirically test the laws of learning.

The single-step income statement emphasizes

1. total revenues and total expenses.

2. Revenues

3. Expenses

4. Net income

The primary advantage of the single step fromat lies in its simple presentation and the absence of any implication that one type of revenue or expense item has priority over another.