INCREAS PROFITABILITY OF BRANCH profit center Definition A business unit or department which is treated as a distinct entity enabling revenues and expenses to be determined so that profitability can be measured. Distinctly identifiable department or unit that contributes to the overall financial results of a firm. Where adequate cost accounting systems are in place‚ profit centers are given responsibility to target certain percentages of the total revenue and are given adequate authority
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do. There are usually a small amount of large firms and they usually control the market. Competitive firms will use the firms marginal cost to produce the price. The price of the good must be lower than the cost to produce it. To maximize the profits is when the price is equal to the marginal cost of production. The competitive firm must be producing at the point where price equals marginal cost. In monopoly firms they cannot just set a high price for their good because the customers will completely
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Unforgettable Spring Festival The Spring Festival‚ which is commonly known in the west as Chinese New Year‚ is the most important festival for the Chinese people and the moment that all family members get together just like Christmas. People who live or work away from home will go home before the Spring Festival. Therefore‚ it is the busiest time for the transportation systems. Spring festival is my favorite festival because all my family members can get together and that family plays an important
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if firm 1 builds 2 plants and firm 2 builds 4 plants‚ the market price will be 9 − (2 + 4) = 3 per unit. At this price firm 1 will make a profit of 2 × 3 − 2 × 3.5 = −1 while firm 2 will make a profit of 4×3−4×3.5 = −2. Assume‚ no firm will build more than 4 plants. Cost (Q) = 3.5 * Q Price = 9 -(Q1+Q2) 1. Set up a 4-by-4 table that records the profits of each firm for each possible choice of the number of plants to build. Then‚ use your table to answer the questions below. Price Firm
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Winter Solstice Festival The Winter Solstice Festival is celebrated by the Chinese on 22nd December. It is a day of merry making‚ feasting and thanksgiving. It is not only a day for setting out hopes for the coming year but also for ancestor worship. In ancient times‚ it is customary for the Emperor of China to fast on the eve of the Winter Solstice to prepare for the ceremonial rituals and ancestor worship which was carried out on the Altar of Heaven in Beijing. On the day itself‚ the Emperor
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WHAT ARE COSTS AND PROFITS? HUNGRY HELEN’S COOKIE FACTORY • Helen‚ the owner of the cookie factory‚ buys flour‚ sugar‚ flavorings‚ and other cookie ingredients. • She also buys the mixers and the ovens and hires workers to run the equipment. • She then sells the resulting cookies to consumers. 2 TOTAL REVENUE‚ TOTAL COST‚ AND PROFIT • The amount that Helen receives for the sale of its output (cookies) is its total revenue. • The amount that the firm pays to buy inputs (flour‚ sugar‚ workers
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SINULOG Festival in Cebu Cebu‚ Philippines is widely known for having distinctive commemoration that made an absolute impact to the hearts of people inside and outside the country‚ especially the Cebuano people enabling them to visit and associate with their union. Among the many celebrations done by the Cebuano’s‚ is the so called “Sinulog Festival”. It’s the feast of Cebu’s Patron Saint‚ Senior Santo Nino‚ the child image of our Lord Jesus Christ. It’s a festival encounter of millions of devotees
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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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Festivals as a source of life The importance of festivals in India‚ a festival is a celebration of life. Festivals for the general public to bring peace and happiness.They break the monotony of life. Indian festivals are numerous.The three types of national‚ religious and seasonal are one. Write the first festival. Ie national festivals are celebrated with great patriotic festivals favour.These Republic Day‚ Independence Day‚ Gandhi‚ etc. are included Jayanit. The second type of festivals festival
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Western Festival in China Yurong | | | Since China’s opening up to the world in the late 1970s‚ western cultures flooded into China. Some foreign festivals were also imported to China‚ and became rapidly very popular. At the same time‚ some traditional Chinese festivals such
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