accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
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1.0 ASSIGNMENT 1 1.1 Automobile Industry History The birth of the car as we know it today took several years and the works and developments of many people. It was not until 1885 that the first car rolled down the streets‚ however‚ earlier attempts at steam powered road vehicles were successful‚ giving people the idea that cars as we know them today have existed for a lot longer than they have. In the year 1769‚ a French engineer by namely Nicolas J. Cugnot invented the first automobile to
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CASE STUDY III-1 Consumer and Industrial Products. Inc. is a large manufacturer of a wide variety of products. The company is headquartered in the United States and has several plants all around the world. The large amount of operations requires the company to have updated IT systems. When dealing with a huge number of customers‚ the proper database and storage of information plays a crucial role. Back in 1993‚ the company’s Director‚ Ted Anderson‚ launched the
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makes self driven cars safer than a human driving it Editor for Industrial Robot journal since 1996 July 2013 2 Emerging Themes Journals / trade Websites/News papers/ Magazines /Research Reports Article / Author / Interviewer Here’s what it would take for self-driving cars to catch on Brad Plumer (Reporter) How much would you pay for a selfdriving car? Jerry Hirsch (Reporter) April 2012 Coming in 2020 Cars That Drive Themselves
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care costs of any industrialized nation. In a report released by The Common Wealth the U.S. consistently underperformed relative to other industrialized countries on most dimensions of performance indicators (Davis‚ Stremikis‚ Squires‚ & Schoen‚ 2014). This report ranked the overall U.S. health care system last amongst the 11 countries surveyed. High costs and relatively low quality has become a major cause for concern. Several programs have been put in place in an effort to cut down on costs‚ while
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Borneol; An Oxidation-Reduction Scheme Nicolas Gibson Lab Time: Tuesday 11:30 am Abstract: In this experiment‚ the main objective was to synthesize a ketone from borneol via an oxidation reaction and secondly‚ to produce a secondary alcohol from camphor via a reduction reaction. Therefore‚ the hypothesis of this lab is that camphor will be produced in the oxidation reaction and isoborneol will be the product of the reduction reaction because of steric hindrance. For the oxidation
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Topic 6: Management Accounting and Cost Case: Shelter Partnership a. My main learning outcomes from Topic 6 and the Case Study; 1) Firstly‚ I realize management accounting has much to offer. Somehow I can handle physics but not accounting. Now thanks to this course I can appreciate and make sense of it. The bit that really caught my attention was seeing how management accounting can be really useful for business planning‚ cost management‚ budgeting and performance measurement. It offers
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I. Introduction Crash‚ boom‚ bang! In an instant‚ a car accident can change a person’s life forever. Each year‚ many unsuspecting drivers‚ passengers‚ and pedestrians are killed on the roads of the United States. The main question we ask ourselves is why? Are people killed because of high speed crashes? Did the airbags not deploy at the proper time? Were the roads in acceptable conditions? Unfortunately‚ we can not always determine the causes of all accidents‚ simply because we were not on
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provided to me with all stages of this project. (Signature of Student) Name of the Student Ankur Sheokand INDEX I. Executive summary II. Core Study i. Introduction and overview ii. concepts iii. Recent
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I. Case Introduction Before Chrysler merged to become DaimlerChrysler AG‚ they were presented with a takeover bid of $55 per share by MGM billionaire Kirk Kerkorian and former Chrysler chairman Lee Iacocca. Kirk Kerkorian was a stockholder in Chrysler and an experienced takeover financier who apparently found Chrysler to be a good buy. Chrysler rejected the offer‚ however‚ stating that the firm was not for sale. Further‚ many Wall Street experts felt that Kerkorian could not come
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