Instructor Assignment # 1. 1. Alex Miller‚ Inc.‚ sells car batteries to service stations for an average of $30 each. The variable cost of each battery is $20 and monthly fixed manufacturing costs total $10‚000. Other monthly fixed costs of the company total $8‚000. Required: a. What is the breakeven point in batteries? b. What is the margin of safety‚ assuming sales total $60‚000?
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Compute a materials price variance for the plates purchased last month and a materials quantity variance for the plates used last month. Materials Price Variance measures the difference between what is paid for a given quantity of materials and what should have been paid according to the standard. (Actual Quantity x Actual Price) – (Actual Quantity x Standard Price) or AQ (AP-SP) Materials Price Variance = 12‚000 plates x ($2.50 - $2.35) = $1‚800 Materials Quantity Variance measures the difference
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This file of ECO 316 Week 2 Discussion Question 1 New Product‚ Will I Be Rich? comprises: My company just came out with a new product? Should I buy a bunch of company stock and get rich? What are the pros and cons of such an investment? Business - General Business ASHFORD ECO316 Financial Institutions Markets It is now time for you to start thinking about your future and make some educated decisions. If you need help‚ go to a career counselor or schedule an appointment with
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Identify an organization not previously selected and recommend methods to reduce costs. What effects do technologies have on costs? What are some lower-cost sources the organization can utilize to reduce costs? What considerations might cause a profit-maximizing firm to decide to forgo using lower-cost sources? A: A small candy factory can install within itself improved machinery that would make it possible for the company to make more items. A small candy factory would benefit from technology
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functions. These specialists are collaborators which are firms that facilitate or provide one or more of the marketing functions other than buying or selling. New specialist develops to fill market need. All of functions can be shifted and shared. 5. The marketing concept means that an organization aims all its efforts at satisfying its customers at a profit. Customer satisfaction guides the whole system. 6. Customer value is the difference between: a) the benefits a consumer perceives in a
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Statistics is the second last strand of the Australian curriculum. It is paired with probability because of “the development that progressively links the two strands” (Australian Curriculum‚ 2016‚ para 5). In this area of mathematics I discovered the steps of statistical literacy skills (ABS‚ 2013‚ para 1). To confidently identify the statistical skills‚ I had to understand each step before moving onto the next. The steps were; ability to understand statistical concepts; ability to analyse‚ interpret
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1. The most important point of this week’s reading is stating that the planners will have an organized plan for improvement in society. For example‚ the planners will work on making room for growth and industry after creating the towns and cities. One way to make that plan to happen is by starting to build places where the people would prefer to live‚ work‚ or shop; this would create a city. By the 19th century‚ the nation was filled with towns and cities from coast to coast. Once a town or a city
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Eco-labelling and Accreditation are effective means of ensuring that tourism organisations adhere to the principles of sustainability? Tourism industry is ‘a consumer of resources’ which ‘represents an insidious form of consumptive activity’ (McKercher 1993 cited in Fyall and Garrod 1997‚ p.51). Governments of different countries are now seeking for different ways to prevent further exhaustion of natural resources that was caused by tourism activities and developments. The Green Globe programme
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ECO561 Week 3 …FREE…Quiz with Answers… ** I see a lot of views ‚ but no comments : ( Roguephoenix FaceB**K PLEASE COMMENT TO LET ME KNOW THAT THIS IS HELPING MY FELLOW PHOENIX. 1. A purely- or perfectly-competitive firm would be characterized by which of the following? Hint : The different types of firms include pure competition‚ pure monopoly‚ monopolistic competition‚ and oligopoly. A. Large number of firms‚ price taker‚ free entry and exit‚ and standardized product
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company’s operational practice. (Tapp‚ 2008) A solid marketing strategy will use consumers and existing customers as a basis‚ and then critically examine the organisation from this angle to internal business. For this paper‚ Gap 360 Ltd has been selected as a case study. Gap 360 Ltd is a company which focuses on the gap year travel industry‚ their strategic aim is to become the leading brand in the UK gap year travel market. However‚ this aim cannot be achieved without thoroughly comprehending their
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