business concept and must never be confused with profit. The contribution of a product refers to how much it contributes to the fixed costs and profit of the business once variable costs have been covered. It can be calculated either per unit of output or in terms of total contribution of all units produced. Contribution ignores fixed costs and only considers any surplus left once variable costs have been subtracted from revenue. Hence‚ contribution is what a product contributes towards the fixed costs
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schools; and the lonely transfer student in a large clique based university campus. Initially‚ I felt out of my element in every situation. I noticed differences in language‚ manners‚ physical features‚ and apparel‚ but instead decided to focus on my contributions to a group. Learning about my heritage and the hardships my family endured in a foreign country taught me about discipline‚ honesty‚ perseverance‚ responsibility‚ and tolerance. I trained myself to look past my distinctions‚ because I valued my
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A Jury of Her Peers BSM Portfolio Assignment This paper demonstrates Hodges University’s learning outcome of critical thinking. Jason George – First Wheel Hodges University MNA-4100 Economics for Managers Professor Ron Harbour Due: March 27‚ 2013 Submitted: March 27‚ 2013 Graded by BSM Instructor: __________________________ Grade Awarded: __________________________________ Table of Contents Introduction……………………………………………………………………………………….3 Situational Analysis……………………………………………………………………………
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income statement is set using a contribution format. The contribution format centers on the idea that each unit sold provides a certain amount of contribution margin that goes to covering fixed costs. In 2004 expenses like distribution and transport (29‚988) and the sales commissions (73‚573) have been reclassified (contribution format) as variable selling costs on page 33 ([104]). 2. Why do you think cost of sales is included in the computation of contribution margin on page 33? Benetton’s
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Contributions and Drawbacks of Marxism Marxism is a theoretical system that created by Marx and Engels based on labor movements in the 19th century. Marxism was written upon a materialist interpretation of history. The Marxist theoretical system consists of three parts: Marxist philosophy‚ Marxist political economy and scientific socialism‚ which were created on the basis of the German classical philosophy‚ the British classical political economy and French utopian socialist influence respectively
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O’Dell Holliday Humanities Vol. 1 Ancient Chinese Contributions Ancient China provided a great many inventions and contributions to the world. I will attempt to narrow it down to eight or ten examples. Cast iron was invented between the late 4th century BC and the early 5th century BC (Zhou dynasty). The process was created by melting pig iron. The blast furnace was used for smelting iron ore and coke (a high carbon fuel)‚ charcoal or anthracite (a type of coal). Limestone
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world renowned for their activity and their power to change the region surrounding them. The two volcanoes would be Mount Saint Helens and Mount Kilauea. In order to get a better understanding of these volcanoes we will be comparing and contrasting them as well as talking about how they were formed and when they last had an eruption. Let’s begin with Mount St. Helens which is located in the pacific northwest of the United States. To be more specific it is located in Washington State and is a part
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Sumerian Culture and Contributions The Sumerians were a people who lived in the southern portion of Mesopotamia from around 3500 B.C. to 1800 B.C.. The Sumerian people lived in twelve city states‚ famous among which ar Sumer and Ur. They shared a common language‚ Sumerian. Sumerian has no modern day descendants‚ it seems to have disappeared from human history as a spoken language‚ but lived on in written language. The Sumerians were an agricultural people‚ and they raised crops in three areas
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The definition of artistic practice is known as the way an artist goes about doing his/her work‚ it can include influences‚ ideas‚ materials‚ tools‚ techniques and skills. An artists influences‚ intentions and choices may be shaped by the innovations of other artists‚ for example‚ if the artists feel the same way about political‚ social and cultural issues. Concepts are usually reused but shown in different ways. Chosen artists that display this theory and have affected the development of modern
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used to gain information and knowledge. Different characters (and people) use it different ways. This essay will establish that‚ whereas Odysseus uses deception to help him progress from Nobody back to Odysseus‚ king of Ithaca‚ Athena does so to keep her identity secret when she disguises herself. Odysseus ensures his security and protects his identity while deceiving Polyphemus‚ thus displaying his true cleverness. Odysseus tells Polyphemus that “Nobody is his name‚” (9‚365) he uses this clever deception
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