Chapter 5 Question 6 Page 218 Q = Dresses per week L= Number of labor hours per week Q = L –L2/800 MCL=$20 P= $40= therefore MR=$40 Part A: A firm maximizes profit when it equates MRPL = (MR) *(MPL) = MCL MPL= dQ/dL =1 – L/400 Therefore (40)*(1-L/400) = 20. The solution is L = 200. In turn‚ Q = 200 – (2002/800). The solution is Q = 150. The firms profit is= PQ – (MC)L= ($40) (150) – ($20) (200) = $2‚000 Part B Price increase to $50: Q = Dresses per week L= Number of labor hours
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Assignment 6 Budgets A budget is like a plan that businesses makes. They plan it on their predictions of what they think is going to happen for them in future months / years and is an estimate of expected income and expense for a certain period in time. It gives the business an idea of their financial situation and helps them to track their money. Tesco use budgets for several reasons‚ these reasons include: Tesco will have enough money to buy in enough supplies for their sales because they
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Name: Pham Quang Tu Class: advanced accounting ID : CQ534276 Michael Eugene Porter is a leading authority on company strategy and the competitiveness of nations and regions. Michael Porter’s work is recognized in many governments‚ corporations and academic circles globally. He chairs Harvard Business School’s program dedicated for newly appointed CEOs of very large corporations. Michael Porter’s core field is competition and company strategy. He is generally recognized as the father of the
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treat them having communication deadlines‚ expectations‚ and including employees in figuring out the best way to meet needs. I believe that this work environment is successful because of how it is managed and the way the employees are treated. 2. Use the expectancy theory and/or the equity theory of motivation to explain how feeling underpaid might affect the work of a Patagonia associate and what a manager can do to increase the employee ’s motivation. (20 points) Expectancy theory states that
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Kya Wolf Prof. Ranta May/05/2014 Lab 6 My opinion about the code of silence is that it was in their blood to keep silent. In Southie they felt a sense of security and that was a feeling that you didn’t get in too many communities those days. For good or bad they always had that sense of neighborhood‚ they shared struggle‚ they shared identity. That’s something that most people don’t have or appreciate. Yet it was also a world that inspired fierce loyalty and a rock-solid sense
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Analyst Research Report Snapshot title: Big Yellow Group PLC: Business description‚ financial summary‚ 3yr and interim financials‚ key statistics/ratios and historical ratio analysis. price: £10.00 provider: Reuters Investment Profile date: 18 Oct 2014 pages: 12 type: AcrobatPDF companies referenced: BYG.L Available for Immediate Download summary: This report is essential reading for any serious investor‚ providing comprehensive financial information on a company’s performance‚ position and cash
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BTEC Level 2 first health and social care Jade Louise Roberts Unit 6 Task 2 All health and social care settings are designed to support equality‚ diversity‚ rights and also the many of other different ordeals that influence today’s modern society. The main aim and focus of this assignment is to explain factors that may influence the equality of opportunity for individuals. Discrimination is an act of prejudice against a person because of their set of characteristics. These characteristics can
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Session 6 (Persuasive Letter) Case - ‘An Invitation to Wellness at Whirlpool Corporation’ “We know there is a direct correlation between employee wellness and the use of insurance benefit dollars. Employees who are well spend less of the company’s money. They feel better. They’re more productive. And‚ of course‚ they lead healthier‚ happier lives.” Dana Donnley is Director of Employee Communication for Whirlpool Corporation‚ a $12.1 billion appliance manufacturer and marketer with assets placing
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BYP1-6 Wayne Terrago‚ controller for Robbin Industries‚ was reviewing production cost reports for the year. One amount in these reports continued to bother him—advertising. During the year‚ the company had instituted an expensive advertising campaign to sell some of its slower-moving products. It was still too early to tell whether the advertising campaign was successful. There had been much internal debate as how to report advertising cost. The vice president of finance argued that advertising costs
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Monday Morning Leadership is a written guide which is intended to help individuals manage themselves in order to successfully improve their performance and achieve their goals. The book revolves around two characters‚ Jeff and Tony. Jeff is in a work-related rut wherein he feels like he is losing control of time‚ and is having trouble with his job and the people involved in his occupation. Both men agree to meet‚ as Tony‚ a renowned business leader‚ agreed to mentor Jeff with valuable lessons that
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