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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Extended Goal Statement Flexpath Admission Statement #1. Explain how the flexpath aligns with your career goals. Career goals? What career goals? That used to be my first thought‚ if I were to be questioned about my career goals. Not because I wasn’t ambitious‚ but rather‚ because I was clueless. I never knew what I wanted to be when I grew up. I couldn’t understand why almost every person I knew just seemed to know automatically what they wanted to do for a career‚ and I have no clue. After all
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Should you speak your mind on an important point if you know it will upset your manager or should you hold back your thoughts in the name of making a good impression? Explain your answer. Response: Speaking from experience‚ as I am currently a consultant and have been a Fielding Director‚ Program Manager and a team lead as well as spending 20 years in the U.S. Navy; this question hits very close to home. I have made a living on speaking my mind and being completely honest. I am well known for
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Question #1: Explain how you personally embody the Six Flags Service Mantra during your day. The Six Flags mantra is “friendly‚ fast‚ clean‚ safe service.” I believe I personally embody this mantra daily. Working in the Human Resource department means that I interact with many people. As a team member‚ and lead‚ I work with my team to support and assist others’ needs. I make sure to answer any and all questions to the best of my ability‚ treat everyone with respect and treat others the way I would
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LA- Who is a better speaker? Old Major or Squealer? Explain your answer. I think that Old Major is a better speaker than Squealer. A good speaker is someone who speaks fluently‚ someone who can convince others that what he says is right‚ and someone who is able to convey his message clearly to others. Old Major has fulfilled all these aspects and also speaks truthfully. On the other hand‚ Squealer speaks in order to instill fear in the animals’ hearts and thus fear Napoleon‚ hence submitting to
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How a bank makes profit-an interesting primer by vinayak date. ‘Trust’ bank has opened 10 branches and has become operational on 1/4/2009.on 31/3/2010 it has total deposits of rs 1000 crores. Equity capital of rs. 100 crores divided in 10 crore shares of rs. 10 each. Given this basic data let us try working out basic parameters of banks business ‚ with certain assumptions‚ to keep things simple. Cost of funds----- Analysis of Deposit mix-4o% casa deposits. Of which 25%savings deposits
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gatehouse‚ a wall walk‚ merlons‚ courtyard‚ stables‚ tower etc… I would buy a large piece of land and have a castle built and a forest around it. I would have the museum in Glastonbury as the museum is based on the Arthurian legend and Glastonbury has many links to king Arthur (it is said that Glastonbury is Avalon‚ the resting place of king Arthur and apparently king Arthur’s tomb was found at Glastonbury Abbey). inside the museum I would have rooms with famous paintings of the Arthurian legend; king
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Profit Maximization Marginal revenue is the change in revenue which comes from the sale of an additional unit of output. The relationship with total revenue is that total revenue is used in the formula to calculate marginal revenue. A company can calculate marginal revenue by dividing the change in total revenue with the change in output quantity. Because of demand‚ as production quantity increases the revenue per unit will decrease. On the other hand‚ marginal cost is the change in the total
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OLYMPIC RENT-A-CAR US CASE STUDY STUDENT: JOSÉ FILIPE SOUSA CARVALHO SUMMARY Olympic is a US rent-a-car company facing some changes in the market it operates. A competitor company (Enterprise) is changing its loyalty program. Olympic managers have to evaluate the impact of those changes and to take actions in order to respond correctly to those changes without losing market share and if possible taking advantage of the situation. The aim of this study is to evaluate those changes and to propose
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"You express the truth of your character with the choices of your actions" - Steve Maraboli. The first adjective to come to your mind when you hear a persons name is what forms their character. Character is not only how people describe you‚ it’s about how you present yourself and what actions you choose. To show your strong sense of will‚ their are a few characteristics that are most important. The most important characteristic are compassion‚ perseverance and honesty. Compassion is feeling sympathy
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