profit maximization Definition A process that companies undergo to determine the best output and price levels in order to maximize its return. The company will usually adjust influential factors such as production costs‚ sale prices‚ and output levels as a way of reaching its profit goal. There are two main profit maximization methods used‚ and they are Marginal Cost-Marginal Revenue Method and Total Cost-Total Revenue Method. Profit maximization is a good thing for a company‚ but can be a bad thing
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Capital Structure and Profit Capital Structure Definition A unite of a company’s long-term debt‚ specific short-term debt‚ common equity and preferred equity. The capital structure is how a firm finances its overall operations and growth by using different sources of funds. Debt comes in the form of bond issues or long-term notes payable‚ whereas equity is classified as common stock‚ preferred stock or retained earnings. Also‚ Short-term debt such as working capital requirements is considered
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Q: Is depreciation expense or depreciation cost is fixed cost or variable cost in nature? Fixed costs: Fixed costs are such costs that do not change with the change in activity level within the relevant range. Where relevant range can be defined in terms of time or activity level. Variable costs: Variable costs are such costs that change with the change in activity level . Coming to the question‚ depreciation expense or depreciation cost can either be fixed or variable and this depends on the
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Malaysia which includes Sabah and Sarawak as well‚" Loo told reporters after the launch of the BCARD and Chatime collaboration at a Chatime outlet in Bandar Puteri Puchong yesterday. He said his company‚ Loob Holding Sdn Bhd‚ brought in the bubble tea franchise from Taiwan two years ago‚ with him operating the first outlet as the cashier in Pavilion mall. | "In the beginning‚ it was tough to convince people to try our product. I had to use every trick in the book to tell them that our bubble tea is not
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Profit Maximization model helps to predict the price-output behavior of a firm under changing market conditions like tax rates‚ wages and salaries‚ bonus‚ the degree of availability of resources‚ technology‚ fashions‚ tastes and preferences of consumers etc. It is a very simple and unambiguous model. It is the single most ideal model that can explain the normal behavior of a firm. It is often argued that no other alternative hypothesis can explain and predict the behavior of business firms better
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Gas Pressure and Volume Relationships Exp. E-1A A. Obtain a pressure-measuring device as indicated by your lab instructor. Obtain a 60 mL syringe‚ fill it with air‚ and connect the syringe to the gas-measuring device as indicated in the figure. Test your apparatus for gas leaks. If you can’t eliminate all leaks‚ see your lab instructor. B. If necessary‚ calibrate your gas-measuring device as indicated by your lab instructor. Fill your syringe to the largest volume mark on the syringe and reconnect
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Cost estimation is a fundamental aspect of managerial/cost accounting (Datar et al. 2008; Eldenburg and Wolcott 2005). The cost predictions are used in each of the management functions. for example used to predict costs so that management can determine the desirability of alternative options and to budget expenditures‚ profits‚ and cash flows. The objective is to support students in learning how to apply regression analyses to understand cost behavior and forecast future costs using real data from
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grammar checker service will help you get an online grammar check done that will help you have a flawless copy. After all‚ who loves bad grammar? A grammar checker‚ in simple terms‚ is a computer-generated program which helps in correcting grammatical errors made during writing a document. It may be a part of a bigger program‚ for instance a part of word documents or power point presentations‚ or it may independently be used as all together different software. The history of grammar checker The first
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SAMPLE ANSWER FOR QUESTION 5 Profit-making is one of the most traditional‚ basic and major objectives of a firm. Profit-motive is the driving-force behind all business activities of a company. It is the primary measure of success or failure of a firm in the market. Profit earning capacity indicates the position‚ performance and status of a firm in the market. In spite of several changes and development of several alternative objectives‚ profit maximization has remained as one of the single most important
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------------------------------------------------- ASSIGNMENT ON COST CONTROL AND COST REDUCTION ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------
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