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 profitability of the firm. ● Opportunity cost‚ or costs that
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Site 1: Review- This site does load properly‚ but I am unable to click on anything but where it says “zipcode” and “get a quote now!” My information did submit properly‚ I had zero problems with it. The directions are very easy to understand and I did not have any problems with this website. It is very simple to use. Site 2: Review- This website is very easy and complex. I had no problems using this website everything is up to date and easy to use! My information did submit properly.
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b) How much total revenue is collected at each price? Total revenue = price x quantity i. Total Revenue = $9 x 3 = $27 ii. Total Revenue = $13 x 4 = $52 iii. Total Revenue = $17 x 5 = $85 c) How much profit does the farmer make at each of these prices? Total Profit = Total Revenue – Total Costs i. Total Profit = $27
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Decision Analysis JGT Task 1 Melissa Brooks Western Governors University November 16‚ 2014 A Workflow Crown shoes were founded in 1965‚ and then changed its name to Shuzworld in 1995. It is an established company with stores in 50 stores nationwide. It controls three shoe manufacturing plants in China where they produce their own specialty shoe lines. Shuzworld is experiencing operational challenges in their production factory in Shanghai China. It is important to the success of the China
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Decision Analysis Task 1- Tara Johnson A. In order to improve the current workflow in the plant‚ I recommend using the work stations layout tool whether through the Excel or POM program. This will help to show a clearer picture of the work flow that is present at Shuzworld‚ with allotting equal times in each work station. This will enable the company to find the shortest time to be used in each station for optimal performance and production of all shoes. Decision Analysis has been established to
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Tools of Total Quality Management Presenter : Ms Rina Sajise Seven (7) Tools of TQM Pareto Analysis: Pareto Chart 45 120% 40 100% 35 30 80% 25 60% 20 15 40% 10 20% 5 Vilfredo Pareto – Italian Economist 0 No signature Non-legible writing Current Customer Frequency Operations Management: An Asian Perspective (William J. Stevenson and Sum Chee Chuong) No address Cumulative Percentage Other 0% Understanding the Pareto Principle Doing 20% of work generates advantage of 80% of
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What is your evaluation of the Total Supply Chain Cost (TSCC) program developed by Owens & Minor and Virginia Mason? * Virginia Mason Medical Center (VM) hired Owens & Minor (O&M) as its alpha vendor for medical/surgical supplies in 2004. At that time O&M was performing JIT and low unit measure services for VM. Together VM and O&M worked together to create a new supply chain process called the Total Supply Chain Cost (TSCC) pricing program. * TSCC was is an activity-based
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environment from which decisions have to be made. The process of decision making is called incrementalism. When confronted with a certain issue‚ presidents have to acknowledge what the previous decision on that issue was before. In the process of making decisions‚ past decisions are a huge important factor because presidents really have to focus on the past decisions of the issue they are currently presented with. Politics and the political environment is another constraint placed on the president
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with the delivery cost and a 3% financing charge per month on their inventory costs. The latter policy serves as the warehouse’s control system to the branches such that they maintain “just right” inventory. However‚ the company is now getting concerned as to whether their warehouse capacity can accommodate the possible sales increase. Management is alarmed as to the possible implication of the booming sales to inventory levels in the Valenzuela warehouse and the associated costs attributable to
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Henderson Final Exam 1. The Zinger Company manufactures and sells a line of sewing machines. Monthly demand for one its most popular models is given by the following relationship: Q = 400 – 0.5P where P is price and Q is quantity demanded. Total costs of production (including a “normal” return on owners’ investment) per month are: C = 20‚000 + 50Q + 3Q2 a. Express total profits (() in terms of Q. b. At what level of output are total profits maximized? What
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