1.1 Explain what is meant by: diversity‚ equality‚ inclusion‚ discrimination Diversity means where there is an difference between individuals or groups such as their culture‚ nationality‚ gender‚ age‚ beliefs or ethnic origin. Equality means the rights the individuals have such as giving choices‚ respect and services in response to individual needs. Inclusion is the process of identifying‚ understanding and breaking down barriers to participation and belongings. Discrimination means
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Contribution Margin and Breakeven Analysis Simulation MBA 503 University of Phoenix Contribution Margin and Breakeven Analysis Simulation Maria Villanueva‚ the Chief Financial Officer of Aunt Connie’s Cookies‚ must make several decisions in the "Contribution Margin and Breakeven Analysis" Simulation in order to maintain the success of the company. These decisions involve applying the concept of both contribution margin and breakeven analysis to make the best decision for the company. When
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vitamins B and C; these need regular replacement in the body. Whereas‚ fat soluble vitamins get stored in the liver and fat tissues and are used more slowly‚ these vitamins are A‚ D‚ E and K. Water Soluble Vitamins Vitamin B – Vitamin B is a group of water soluble vitamins that have an important function in cell metabolism. There are eight different types of vitamin B‚ which are all different from one another even though they may sound similar. If a supplement contains all eight vitamin B types then
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Calculating the Contribution Margin Constance Hall Lindemann HCA 311 Health Care Financing & Information Systems July 1‚ 2012 Instructor: Heather Ables Contribution margin is nothing more than a way to see if an organizations operation is profitable. The costs for any business will fall into two broad categories: fixed costs and variable costs. Fixed costs are those whose amounts hardly ever change which means they are fixed‚ steady and unchangeable. Variable by contrast‚ are costs
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C V P Analysis 1 CVP Analysis Understand how cost behavior and cost-volume-profit analysis are used by managers. 2 Questions Addressed by CVP Analysis How much must I sell to earn my desired income? How will income be affected if I reduce selling prices to increase sales volume? What will happen to profitability if I expand capacity? 3 Cost-Profit-Volume Analysis What is cost-volume-profit analysis? It is the study of the effects of output volume on revenue (sales)‚ expenses (costs)
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BREAK EVEN ANALYSIS Introduction Break-even analysis is a technique widely used by production management and management accountants. It is based on categorising production costs between those which are "variable" (costs that change when the production output changes) and those that are "fixed" (costs not directly related to the volume of production). Total variable and fixed costs are compared with sales revenue in order to determine the level of sales volume‚ sales value or production at which
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Nicholas Long Unit 9 Assignment 1: Reviewing a Profile 1. Profiles belong to a very “stretchy” and versatile genre. These profiles of Griffith Park differ greatly‚ but they both describe the same place. a. Each profile discusses different points. One profile talks about narrative‚ and the other one talks more about the location‚ and then times and regulations. b. They are both talking about Griffith Park‚ but they are both talking about different sub topics which cover different points. c. The title
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What is contribution margin? In cost-volume-profit analysis of managerial accounting contribution margin is a very concept. The evaluation of contribution margin for any product is quite easy yet its usage is wide and when applied with various other metrics of CVP analysis such as PV Ratio‚ Break Even Point‚ variable cost‚ fixed cost‚ etc it helps to take major production decisions relating to volume of production and sales‚ and profitability of such levels of sales or production. Step 1:
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Unit 9:exploring creative product promotion P4: explain the reasons behind the choice of media in a successful promotional campaign. Brandon Baumgart IBS 1c P4 Version 3 30 may 2012 Mrs. Daymond From mouth-to-mouth to TV and Internet. In 1886 when coca cola started they didn’t had TVs‚ radios and Internet to tell people they have invented something new. So everything was from mouth-to-mouth‚ through the flyers‚ the newspapers or big wall paintings on high buildings. Later they
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PRACTICE QUESTIONS ON BREAK-EVEN ANALYSIS 1. A small firm intends to increase the capacity of a bottleneck operation by adding a new machine. Two alternatives‚ A and B‚ have been identified and the associated costs and revenues have been estimated. Annual fixed costs would be $40‚000 for A and $30‚000 for B; variable costs per unit would be $10 for A and $12 for B; and revenue per unit would be $15 for A and $16 for B. a) Determine each alternative’s break-even point in units. b) At what volume of output
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