Profit vs. Not-for-Profit Organization A nonprofit organization is formed for the common good of the public. Nonprofit organizations are usually formed for some specific religious‚ charitable or educational purpose. A for-profit organization may be formed to conduct any number of lawful business activities. The primary reason to form a for-profit organization is to earn a profit for the owners of the company. Use of Profits Since a not-for-profit organization is formed to accomplish a specific
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Gross Profit Margin The Gross Profit Margin is used to measure the proportion of the gross profit to sales in order to determine the allocated amount for the operating expenses of the company. The Gross Profit of the Jolliville Holdings Corporation improved in the year 2015 and has declined a little in the year 2016 due to the decrease in Sales‚ specifically power and equity share in net earnings of associates. But still‚ Gross Profit Margin for the year 2016 is still a good indication of profitability
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5.1.1 Low Operating Cost As we all know‚ AirAsia Berhad (AirAsia) is famous of its low-cost airfare. AirAsia is controlling excellently for parts of operation and distribution which both helping with keeping costs. Low cost principle that applied by AirAsia by eliminating provision of in-flight services that will definitely reduce the burden of high facility and overhead costs (Zhu‚ 2015). For instance‚ no frill or no luxury products will be installed inside the aircraft which means no free food
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achieved in first quarter of 2013. Ancillary income per passenger was increased by 7% to RM46. The seat load factor was at 81% 2 percentage point higher than the same period last year. The profit before tax for the period was RM133.8 million compared to RM131.8 million in the same quarter of 2013 while the profit after tax for the period was RM139.7 million compared to RM104.8 million in the same quarter of 2013. The Group’s cash from operations was RM78.8 million‚ compared to RM240.3 million in the
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building new structure and of course raising the economics of the city. An event can be for profit or for non-non-profit. In our case‚ we have two for non profit event and one profit event. According from what we learned from our administration class in second year (Séguin‚ 2015)‚ a non profit event will donating the money to a special cause over they cover the overhead cost of the company. In he other hand‚ a for profit event will have as a goal of making money for their benefits. The The process of
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ICo5 1542’’BUILDING COST INFORMATION CENTRE ELEMENTAL COST ANALYSIS - Form 1 F-Educational‚ Cultural‚ Scientific Buildings JOB TITLE LOCATION I IA-3-2125 CLIENT: TENDER DATE: Cadangan Membina Bangunan 3 Tingkat Pusat Asuhan Kanak-Kanak & Tadika Mukim Setapak‚ Kuala Lumpur Private 12 April 1999 INFORMATION ON TOTAL PROJECT Project and Contract information Project Details and Site Condition: Contract: The Project comprises the construction and completion of one
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Cost-Benefit-Analysis. In order to choose the best strategy that leads to our business goal‚ we ha have conducted Cost-Benefit-Analysis on the offering of Freemium account to potential customers to attract them and lead to buy the Premium Service. We had in mind that searching for and getting new customers for the business is expensive and beneficial. So we decided to invest on building a lasting and profitable business customer base‚ and instill trust into customers by offering an exceptional customer
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sizes and destinations. Air Asia was founded in 1993. There are now 57 Airbus serving 79 destinations where the passenger load factor in 2011 was 76%. Winning the Skytrax World’s best low-cost airline in the previous three year consecutively‚ it is well-known for its low-fare under the world’s lowest operating cost. With the increasing fleet size and capacity of seats‚ the average load factor had once been push up to 80% recently. Its positive performance has brought a strong direction to its future
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Non-Profit vs. For-Profit The main difference between non-profit and for profit healthcare organizations are; Non-profit hospitals don’t need to pay property‚ sales or income taxes and receive grants from the government and through donations. They were designed to provide discounted fees for service or no fee to those in the surrounding communities with limited to no funds for healthcare‚ basically the poor or those who fall within the guidelines of those below poverty level. The tax exemptions
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Transaction Cost Analysis as Framework According to TCA‚ a transaction is the transfer of goods or a service and the analysis of transactions emphasizes on achieving efficiency in their administration (Rindfleisch & Heide 1997). Firm is a particular form of organization for administering transactions between one party and another and is characterized as a managerial hierarchy. In contrast‚ market governance is characterized as transaction taking place without managerial oversight. Firms exist
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