I n this article‚ we describe a business modeling exercise that helps students understand the complex relationship between demand and price. The exercise seeks to determine the optimum pricing‚ in view of anticipated occupancy response that maximises profit for a hotel. Through the exercise‚ students are introduced to advanced Excel operations such as Goal Seek and Solver. This exercise goes through a systematic series of basic modeling steps‚ starting from identifying input variables and performance
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Ronald Coase noted‚“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example‚ the opportunity set for this Friday night includes the movies‚ a concert‚ staying home and studying‚ staying home and watching television‚ inviting friends over‚ and so forth. The opportunity cost of taking job A included the forgone salary of $102‚000 plus the $5‚000 of intangibles from job B. Opportunity cost is the sacrifice of
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under efficient operating conditions absorption costing all manufacturing costs are assigned to products: direct material‚ direct labour‚ variable and fixed manufacturing overhead acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of return‚ rate of return on assets
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Foreign Direct Investment You are the international manager of U.S. business that has just developed a revolutionary new personal computer that can perform the same functions as existing PCs but costs only half as much to manufacture. Several patents protect the unique design of this computer. Your CEO has asked you to formulate a recommendation for how to expand into Southeast Asia. Your options are (a) to export from the United States‚ (b) to license an Asian Firm to manufacture and market
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Text Exercises Karen V. Lawrence‚ Charita Dixon‚ Brian Swift‚ Javon Lewis‚ Cecelia Byrd ACC 561 June 21‚ 2011 Michael T. Bradford Practice Text Exercises Excel 12-59 Allocating Costs Using Direct and Step-Down Methods (p. 584) Goal: Create an Excel spreadsheet to allocate costs using the direct method and the stepdown method. Use the results to answer questions about your findings. Scenario: Antonio Cleaning has asked you to help them determine the best method for allocating costs
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Student ID: 21709822 Exam: 038229RR - Microsoft Excel When you have completed your exam and reviewed your answers‚ click Submit Exam. Answers will not be recorded until you hit Submit Exam. If you need to exit before completing the exam‚ click Cancel Exam. Questions 1 to 20: Select the best answer to each question. Note that a question and its answers may be split across a page break‚ so be sure that you have seen the entire question and all the answers before choosing an answer. 1. The order of
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Experiment No. 3 Determination of Chromium (VI) by Direct Visible Spectrophotometry (External Calibration Method) Group Members: Cabahug‚ Elisha Niña M. Date Performed: November 20 & 22‚ 2012 Mejia‚ Helen Mae N. Date Submitted: November 29‚ 2012 Score: I. Introduction Spectrophotometric measurements with UV or visible light radiation are useful in detecting transition metal ions and highly conjugated organic compounds. In UV and visible light regions‚ energy spaces molecules
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Training Progress Wednesday‚ March 11‚ 2015 Student: Tojuola John Assignment: Excel Tutorial 3 Training - 512921 Percent Complete: 100% (10/10) Subject Launch Assignment Activity Task ID Task Completed MS Excel 2013 Fill adjacent cells with formulas 3305 Fill cells C17 and D17 with the formula from cell B17 by selecting cell B17‚ then positioning the mouse over the lower-right corner of cell B17 until the fill handle appears. Press and hold the left mouse button‚ drag the mouse over
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9/30/2012 AP Chemistry Lab Report I. Introduction: a) Title: The Establishment of a Chemical Equation Using the Method of Continuous Variation. b) Purpose: the continuous variation method is used to establish a chemical equation by displaying on a line graph the change/difference in temperature caused by the composition of acids and bases in the solution. II. Apparatus and Materials:
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Using the Iodine clock method to find the order of a reaction Introduction When peroxodisulfate (VI) ions and iodide ions react together in solution they form sulfate (VI) ions and iodide. This reaction is shown below: S2O82-aq+ 2I-aq SO42-aq+ I2(aq) The reactants and the sulfate (VI) ions are colourless however the Iodine is a yellow/brown colour. This allows you to measure the progress of the reaction through the colour change when the iodine is produced. In order to determine the order of
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