product-line income data: PRODUCT Total A B C Sales................................................$ 100‚000........$50‚000.........$20‚000...........$30‚000 Variable Expenses.............................. 60‚000..........30‚000............10‚000.............20‚000 Contribution Margin........
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Homework On National Income Answer Sketch for Selected Questions Dr. Patrick Toche April 2‚ 2011 1 Reference : Mankiw‚ Mankiw‚ Macro (7th)‚ Chapter 2‚ Problem 4. Suppose a woman marries her butler. After they are married‚ her husband continues to wait on her as before‚ and she continues to support him as before (but as a husband rather than as an employee). How does the marriage affect GDP ? What is your reaction to this ? Hints : GDP is a measure of recorded transactions only‚ not
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The world would not be what it is today if it wasn’t for the Egyptians. This civilization is the oldest and most influential of the world’s civilizations. Their contributions to the human knowledge‚ invention‚ and scientific discoveries influenced every nation and every age. They have introduced to the world many things like the calendar‚ glass‚ paper and ink‚ the clock‚ refinement of dress and ornament. Some of the most essential to todays society; geometry and the alphabet‚ a new form of architecture
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UNILEVER MEMO In order to gain market shares through the low-income segment of the Brazilian market‚ Unilever should launch a new Detergent Powder brand at an affordable price‚ which could replace in the long-run Campeiro‚ its cheapest brand. However this strategy is not without any risks‚ since it can lead to the cannibalization of Minerva. With 81% of market shares in Brazil‚ Unilever is the leader of the Detergent Powder market. It owns three brands in Brazil: Omo‚ Minerva and Campeiro. Omo
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Analysis of Financial Statements After reading this chapter‚ students should be able to: Explain why ratio analysis is usually the first step in the analysis of a company’s financial statements. List the five groups of ratios‚ specify which ratios belong in each group‚ and explain what information each group gives us about the firm’s financial position. State what trend analysis is‚ and why it is important. Describe how the Du Pont chart is used‚ and how it may be modified to include
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Many people know little about Canada’s large contribution to World War II and the efforts many Canadians made. Nearly everyone helped out in this war and thanks to the determination of those involved‚ the allies were victorious in defeating Hitler. Allied victory in World War II was in large part aided by Canadian involvement in the form of women contributing to the war effort‚ the British Commonwealth Air Training Program (or BCATP)‚ and Canada’s change in economy. World War II was a time of opportunity
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AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools‚ departments‚ and faculty may approach assessment and its documentation differently‚ one approach is to provide specific questions on exams that become the basis for assessment. To aid faculty in this endeavor‚ we have labeled each question‚ exercise‚ and problem in Intermediate Accounting‚ 7e‚ with the following AACSB learning skills: Questions AACSB
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agreed that society benefits from the work of its members. Compare the contributions of artists to society with the contributions of scientists to society. Which type of contribution do you think is valued more by your society? DATE: 3/12/2012 All the individuals stay in this world have always gained the welfare from their society‚ while at the same breath committed themselves to the society and make various significant contributions to it. While artists improve people’s mental life by the reflection
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Financial Accounting 1. Obligation of business that represents the claims of these against the assets of the less cash is called? A. Asset B. An expense (WA) C. Revenue D. An equity E. Liability 2. Net income results when A. Assets > liability B. Revenue = expenses C. Revenue > expenses D. Revenue < expenses E. None 3. Resources owned by a business are referred to as A. Stockholders equity B. Liability C. Assets D. Revenue (WA) E. None 4. Expenses are incurred
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National Income (Contd.) Methods used to measure National Income Calculating National Income There are various methods for calculating the national income such as production method‚ income method‚ expenditure method etc. Income Method: Different factors of production are paid for their productive services rendered to an organization. The various incomes that are included in these methods are wages‚ income of self-employed‚ interest‚ profit‚ dividend‚ rents‚ and surplus of public sector
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