aware of at least the basics of financial plans which are revenue‚ cost and profit. These three things can make or break a company. Each of these things must be understood and considered before plans can be laid to create or better a company. Revenue is the amount a company receives (Marginal Revenue‚ 2009). If a company is in the business of sales‚ revenue is the amount of money the company receives per unit sold. Marginal revenue is the amount of money a company receives for the last unit
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When will we ever have it all? Who says you can’t have it all? Having it all can vary from families to couples to your own self. Yes everyone wants a great job‚ a big house‚ the newest model car and great pay but that all comes from sacrifice. Anne-Marie Slaughter tells us in her article “Why Women Can’t Have It All” that it’s difficult to have a successful career and a family. Richard Dorment tells us in his article “Why Men Can’t Have It All” that yes men are becoming more involved in their
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Background Information This case analyses the ABC and ABM implementation process at Global Electronics Inc (GEI). GEI has been using a traditional costing system which allocates manufacturing overhead costs based on direct labour hours‚ which is about 10% of total cost. This costing system resulted in operating losses o $100 million although sales have been $650 million. As a result‚ it was believed that GEI’s costing system is not accurate. GEI’s new top management team believed that an Activity
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The ITC eChoupal Initiative The case is about a technology based transition of soybean supply chain from traditional flow to a more efficient method. Case first talks about the traditional way of soybean supply chain. In the traditional method‚ farmers are taking their product to local markets called “mandi”. They had difficulties in taking their product to far market places‚ and there they do not know the expected price of their product. So middlemen can play with the price in the local market
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[pic][pic][pic][pic][pic][pic][pic][pic][pic][pic] |Points Awarded |50.00 | |Points Missed |0.00 | |Percentage |100% | [pic][pic][pic][pic][pic] 1. A(n) ____ is an exchange of value‚ such as a purchase‚ a sale‚ or the conversion of raw materials into a finished product. [pic][pic]A) Electronic data interchange (EDI) [pic][pic]B) Business processes [pic][pic]C) Trading partners [pic][pic]D) Transaction [pic] |Points Earned: |5.0/5.0 | |Correct Answer(s):
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Strategic Initiative Strategic Initiative A nation‚ corporation‚ and the individual‚ will find it imperative to have a realistic picture of the current and future financial standing. Strategic and financial planning provides PepsiCo the foresight to have initiative reflected in the annual report‚ initiative effects on cost and pricing‚ and all risks associated with the plan. Motivation for the having a stout strategic and financial plan assists with PepsiCo’s success and stays a critical area
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The history of Land Administration dates back to the olden days of kings and Kingdoms. The Land Revenue was the major source of revenue for the kings. The present system of preparing and maintaining land records originated from the Moghul period and it reached its scientific form during the British rule. During the British times the Revenue Department was the pivot of Administration. The Board of Revenue that wielded extraordinary powers administered it. The Collector was the virtual monarch at the
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School-wide Writing In Richard Notkin piece “All Nations have their moment of Foolishness” everybody has their different views on why he made this piece. My views on this piece was that he was trying to tell a story with this sculpture he made. Before reading his artist statement about the piece I figured that it was how he made the piece and the story behind the piece. Notkins statement didn’t change my views about the piece because all he wrote about was about his other projects and how he built
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Cost and Revenue Curves J Bara ECO/533 Economics for Managerial Decision Making PA04MBA10 April 7‚ 2005 1. Total profit is the product of profit per unit and the quantity. To maximize profit‚ quantity is chosen at the point where marginal cost (MR) is equal to marginal revenue (MR) which is where the two graphs intersect. This is the ideal situation to a profit seeking company. Since price is greater than the Average Total Cost (ATC)‚ for each unit sold the profit per unit is simply the
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Overall‚ the expansion of the business through the e-commerce will be considerably beneficial‚ enlarging the market and people’s awareness of the organization. 1.2 The MD and the others directors of Mountain Footwear have requested for a report based on considerations in order to determine whether it would be an advantage or not to start up an online service aimed to allow customers’ purchases through the internet. 1.3 An explanation of e-commerce is given by Rayport & Jaworski (2001‚ p.3) who describe
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