Variable Cost Behavior [LO1] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1‚200 and the variable cost per cup of coffee served is $0.22. Requirement 1: Fill in the following table with your estimates of total costs and cost per cup of coffee at the indicated levels of activity for a coffee stand. (Round average cost per cup of coffee to 3 decimal places. Omit the "$" sign in your response.) 2‚000 Fixed cost Variable
Premium Variable cost Costs Fixed cost
Executive Summary The Chinmaya Organization for Rural Development (CORD) was established in 1985 in Himachal Pradesh‚ India. CORD started its work by providing Rural Primary Health Care to the surrounding under developed villages in the area. However whilst engaging closely with the rural communities CORD soon realized that critical healthcare issues were inextricably intertwined with the harsh reality of rural India’s poverty‚ illiteracy‚ and gender discrimination‚ all of which hinted at the formidable
Free Training Gender India
Many of you have heard of a non profit organizations but do you really know what it is? The definition of a non profit organization is an organization that uses its surplus revenues to further achieve its purpose or mission‚ rather than distributing its surplus income to the organization’s shareholders as a profit. This means that instead of the organization’s profit going into their pocket it goes towards the benefit of the general public for the cause that the organization has dedicated itself
Premium Management Employment Marketing
report generated to show the profitability of the company. It shows sales less expenses during a specified period of time. It is prepared in such a way that the profit after each expense can be determined easily. For example‚ on page 27 of our book is the Income Statement for Kramer Corporation. You can clearly see that the profit after Cost of Goods sold is $500‚000‚ even though the report
Premium Generally Accepted Accounting Principles Income statement Balance sheet
Profit maximisation has been one of the main aims of the firms. The generally accepted view is the long run will wish to maximize profit. Marginal Cost and Marginal Revenue can be used to find the profit maximising level of output. Marginal cost is the addition to total cost of one extra unit of output. Marginal revenue is the increase in total revenue resulting from an extra unit of sales. Economic theory predicts that profits will be maximised at the output level where marginal cost equals maginal
Premium Profit maximization Marginal cost Economics
to earn a quick buck. People like Ella Fitzgerald‚ Billie Holiday‚ James Brown‚ and Luther Vandross had the opportunity to perform their‚ starting their stardom and their fandom for that matter. Back then it was used to make money‚ but now it is a “respected not-for-profit” facility used for presenting concerts‚ performing arts‚ education and community outreach programs (Apollo History - Apollo Theatre). The first owner of the Apollo Theatre was Sidney Cohen. He paired up with George Keister‚
Premium Music African American United States
leaders from other leaders; nonetheless‚ successful nonprofit leaders should have more drive and determination and probably a greater concentration of positive qualities that related to the nature of the non-profit organization. [Tammembaum 1973]. How does leaders and leadership impact on non-profit organization? The dependence of nonprofit organizations on the strong leadership has highly increased over years because of the massive demand for the nonprofit organizations in the modern civilian
Premium Non-profit organization Voluntary association Strategic management
Gainsharing MLR601 April 5‚ 2007 Gainsharing and Profit-sharing are incentive plans that are designed to pay employees incentives based upon good company performance. By using these plans‚ companies found that employees are motivated to stay with the company longer. Because employees can directly affect the output of a company they will also work harder to achieve selected goals when incentives are attached. However‚ incentive plans are not appropriate for every company and business must find
Premium Profit Employment compensation Employment
obvious to many that the goal of a company is to make a profit. According to Milton Friedman‚ what many businesses do not say is that this is their only responsibility and that it is to make the highest profit possible. As members of society‚ we should be concerned that these decisions will have affect us. I believe that a business has the responsibility to make a profit‚ but it has many others as well. A business not only has to make a profit but think about the long term affects such as their employees
Premium Business ethics Ethics Social responsibility
business firm pursue other objectives besides the objective of maximum profits? What objectives other than profit maximisation might a firm pursue? Is this possible in a competitive world? The traditional theory of business behaviour tends to make a general assumption that businesses possess the information‚ market power and motivation to set a price and output that maximises profits. Profits being defined as the difference between the total revenue received by a firm and the total costs that it
Premium Economics Marginal cost Profit maximization