Profits might be compared with sales‚ assets‚ or stockholders’ equity. Why might all three bases be used? Will trends in these ratios always move in the same direction? All the three bases are used to find the return earned with respective to sales as well as investment made. When the profit is compared with sales‚ it is called as the net profit margin. When the profit is compared with assets‚ it is called as return earned on total investment and when profit is compared with stockholders’ equity
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highest expected profit from pizza sales at the game. II. Analysis In order to determine at which production level Tom will achieve the highest expected profit‚ it is first necessary to determine the potential profit or loss associated with producing at each demand level. To do this‚ a discrete probability distribution is composed for each potential level of production. For example‚ if 200 plain cheese pizzas are produced and 200 are demanded‚ the potential profit is $400. This profit consists of
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The social responsibility of business is to increase profit As an individual living in a unified society‚ everyone has certain social responsibilities to play. Businesses too‚ as parts of society‚ as they utilizes the available resources like water‚ land‚ roads and power of the society and depend on the society for its functioning. This creates an obligation on the business part to look after the welfare of society that it operates in and is indebted to. It should take care of those who are involved
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Manuel V. Gallego Foundation Colleges‚ Inc. Cabanatuan City‚ Philippines Analysis of Cost‚ Profit and Total Revenue Prepared by: Cajucom‚ Mary Jane Constantino‚ Georgia Escuadro‚ Abigail Ferry‚ Yasmin Joy Orobia‚ Maribel Lopez‚ Rannel Tumale‚ Mary Joyce Submitted to: Mrs. Gina Braga Accounting versus Economic Costs Economic costs Are forward looking costs‚ meaning‚ economist are in tune with future costs because these costs have major repercussions on the potential
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For the third simulation the two profit organization had to create a calendar using two colors. One of the colors out of the two would give a team an upper hand in the simulation. My organization which is the non-profit Goodwill. In the simulation we sold goodwill but we also had the upper hand because we knew the color that would better the chance of an organization winning. Since we knew the color we could charge both profit organizations money so that one of them could have a better chance winning
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The Alzheimer’s Association is a non-profit organization‚ while Wal-Mart Stores‚ Inc. is a for-profit organization. Even though the two are different entities and‚ each has their own business ethics and morals‚ they are similar in some ways; both have a mission to help people and both have faced challenges since their beginning. In regards to The Alzheimer’s Association‚ the organization was formed on April 10‚ 1980‚ with Jerome H. Stone as founding president. As of today‚ the organization has 11
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famous work on for-profit strategy is Porter’s “Competitive Strategy”. He defines strategy as: “developing a competitive strategy is developing a broad formula for how a business is going to compete‚ what its goals should be‚ and what policies will be needed to carry out those goals” (Porter 1980‚ p. xvi).Five decades of practice and research have been focused on strategy for for-profit organisations. Applying strategy concepts from this for-profit perspective to the non-profit world is challenging
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Pricing Decisions and Profit Analysis Chapter 5 6/1/12 ANSWERS TO END-OF-CHAPTER QUESTIONS 5.1 a. A hospital that is a price setter has some degree of market dominance and hence can‚ more or less‚ dictate the prices that it sets on its services. Conversely‚ if the hospital is one of a large number in its service area and is not in a position to distinguish its services from other hospitals‚ it is a price taker. This means that it will have to “take” the prices set in the marketplace without having
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Maximizing Profits in Market Structure Papers XECO/212 By February 24‚ 2013 Market Structure – Page 2 According to Business Dictionary the economy is “an entire network of producers‚ distributors‚ and consumers of goods and services in local‚ regional‚ or national community.” With that being said‚ what roles does competitive market‚ monopolies‚ and oligopolies play in the economy? What
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Prison for Profit: Modern Day Slavery Many people don’t possess realistic vision on today’s prison system. I have this knowledge because I had a chance to experience it for months while serving a sentence for Trafficking of Marijuana. We are often given the impression that prisons are full of bad people such as rapists and murders. This is a huge misconception. Unfortunately‚ most of America’s prison population (which happens to be the largest in the world) is non-violent drug offenders being
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