year. Total annual revenue from pottery sales is $72‚000. Calculate accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit
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school and you see that there’s not much requirements to get into these schools as long as you have money for tuition. Those are what you call for-profit schools. Now the question is are these schools actually good for you? Can they help you in the long run or just give you classes and you’re on your own after you get the degree. I feel that for-profit schools should not be federally regulated because these colleges provide opportunities for students ignored and rejected by traditional colleges‚ they
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Different types of events. Staff training - These can be achieved by holding workshops or presentations. You can organise one on one training if an individual needs it. Exhibitions‚ trade fairs and product launches – These types are arranged with a typical audience in mind usually. To deliver information about a new product‚ to demonstrate how it works and how it could work within your organisation. Giving the public the chance to ask questions and gain feedback from customers old and new. Conferences
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Expenditures and Revenues Summary: Palm Beach Sheriff’s Office Expenditures and Revenues Summary: Palm Beach Sheriff’s Office The Palm Beach Sheriff’s Office‚ a statutory government agency‚ is responsible for providing services to three mandated programs in Palm Beach County‚ Florida (PBSO.org‚ 2013). Those programs are Law Enforcement‚ Corrections Services throughout Palm Beach County’s jails‚ and finally Bailiff and Court staff. Palm Beach Sheriff’s office is required to respond
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CHAPTER 5 REVIEW QUESTIONS (# 1-5) 1. With an increase in demand for medical services‚ how will different supply elasticities affect total medical expenditures? An increase in demand will affect prices and quantity of services differently because it depends on the elasticity of supply. When supply is relatively elastic‚ increase in demand will be accompanied by a price increase‚ but it would be much less if supply were inelastic. Under elastic supply conditions‚ a much greater increase in
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English 102-029 May 3‚ 2013 How sport affects society From the earliest chapters of history‚ sports have been part of humanity. This can be proved by the games that were played in Mayan and Egypt civilization. Games such as hockey‚ rugby and football has had what one can call religious following while athletics are characterized by massive celebrations. The importance of sports in the society is gaining increased recognition from both the social and education points of view. Relevant
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Center for Effective Organizations HUMAN RESOURCES AND SUSTAINED COMPETITIVE ADVANTAGE : A RESOURCE-BASED PERSPECTIVE CEO PUBLICATION G 93-19 (239) P ATRICK M. WRIGHT Texas A&M University G ARY C. MCM AHAN University of Southern California ABAGAIL MCWILLIAMS Texas A&M University November 1993 C e n t e r for Ef f e c t i v e O r g a n i z a t i o n s - M a r s h a l l S c h o o l o f B u s i n e ss U n i v e r s i t y o f S o u t h e r n C a l i f o r n i a - L o s A n g e l
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1.1 Explain the teaching role and responsibilities in education and training: My role as a teacher will be to plan and deliver learning that will not only inspire and motivate the learners but it will also develop the knowledge‚ vocational skills‚ study skills and life skills the learners will need to help them succeed. I understand that during the learning process it will be important to engage all learners as much as possible‚ without making any of them feel intimidated‚ with an inclusive approach
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Running head: Investment Fundamentals Investment Fundamentals American InterContinental University Abstract This paper will calculate the returns on five investments to illustrate how they work. It will also discuss the different types of investments a person can make‚ along with the differences between the various types of bonds. Furthermore it will state what bond ratings indicate‚ and the two major agencies that are in charge of assigning these ratings Introduction As
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into a plan to get the most favourable price for a service or product that will give way the highest profit. Pricing is one of the most important elements of the marketing mix‚ as it is the only mix‚ which generates a turnover for the organisation. The remaining 3p’s are the variable cost for the organisation. It costs to produce and design a product; it costs to distribute a product and costs to promote it. Price must support these elements of the mix. Pricing is difficult and must reflect supply
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