1. If Wilkerson were to cut prices‚ based on contribution margin‚ to just cover short-term variable costs‚ what consequences could it experience? (5 marks) Several break-even-point assumptions are made in calculation: 1) Total fixed costs do not change with volume‚ and will exist regardless if the products are sold or not. 2) Sales mix will be constant. The contribution-margin percentage is 66.1%‚ which means 66.1 percent of each sales dollar is available for covering fixed costs and making
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RENDELL COMPANY CASE Case Overview Rendell Company is a company which had already involved in business almost 50 years and always produces profit. The company has seven operating divisions. Each division has general manager and Division Controller. The Division General Manager is responsible for reporting the division achievement to Corporate Controller. Division Controller has obligation to make report to Division General Manager regarding budget and performance reports. Corporate Controller
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Mickey Haller is a criminal defense lawyer‚ who knows how to play all the angles to lessen the charges or to help get his clients off. He runs his business out a 4 Lincoln town cars‚ (pg. 16). Earl Briggs is Mickey’s driver‚ who is paying off his debt‚ for a reduced sentence‚ (pg.16). Mickey clients are usually gang members‚ drug dealers‚ prostitutes and people who lead corruptive lives. Mickey does his best for his clients‚ by making sure they know their rights. He is their advocate and advisor
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Explain How the Human Resource (Hr) Policies at Lincoln Electric Are Linked to Its Overall Corporate Strategy Explain how the human resource (HR) policies at Lincoln Electric are linked to its overall corporate strategy. Jeffery Pfeffer‚ The Human Equation‚ (1998)‚ explains the idea of alignment between employment practices and strategy. He states that an organisation should do specific things to manage the employment relationship and these practices need to be first internally consistent and
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thing from beautiful. In this suspenseful‚ fast-paced thriller‚ James Swanson brings the reader to the despondent events in 1865 and unravels the assassination of President Lincoln in the Ford Theater and the pursuit and capture of his shooter‚ John Wilkes Booth. Readers watch Booth hour by hour plot the assassination of Lincoln‚ the attack on the secretary of state‚ and the attempted murder of the vice president‚ Andrew Johnson. Other characters such as Booth’s partners in the assassination include
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decide what to produce and in what quantities‚ it is first necessary to know what is obtainable. The PP curve shows the options that are obtainable‚ or simply the production possibilities. What is obtainable is based on the following assumptions: 1. The resources available are fixed. 2. The technology remains unchanged. 3. The resources are fully employed. 4. The resources are efficiently employed. 5. The resources are not equally efficient in production of all products. Thus if resources are
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Abraham Lincoln Being the President of the United States is not an easy job. Not to mention there is always a chance that the whole country could end up hating you. Most likely there are decisions you will make that people aren’t going to agree with. Some ideas you have might not always work out the way you want‚ and people might see them differently than you. To be president‚ you must be a strong and caring person. Who knows the danger of leading the country‚ especially back when there wasn’t
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Psychology 251 Step 1~12: The Hero’s Journey Introduction In the book‚ “The Hero with a Thousand Faces” by Joseph Campbell it shows us a model of how a hero becomes a real hero. There are include twelve steps which are 1. Uncomfortable/New Environment 2. Call to the Adventure 3. Refusal of the call/Fear of change 4. Meeting with a mentor to overcome fear 5. Crossing the first threshold 6. Test “allies” and “enemies” 7. Approach – training 8. Ordeal – Facing of the fear 9. Reward –
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founder‚ Lewis Hill‚ the financial condition was deteriorating under Hill’s last-year control. Owners of the firm decided to find a capable manager to improve the firm’s financial condition and reshape the company as well. Then‚ Vernon Albright was selected as the new president of this company. Lately‚ David Hartly became the comptroller assistant and was responsible to analyzing the firm’s financial conditions. PART II – METHODOLOGY A. Current Ratio: Current Assets
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The movie Lincoln‚ was more accurate than previous portrayals of Abraham Lincoln. However‚ the movie did fail to include important facts‚ such as Lincoln’s belief that African Americans were unequal to whites and some details of the passing of the 13th Amendment. All in all though‚ the movie portrayed the Civil war and presidency with considerable accuracy. Lincoln focuses mainly on the passage of the 13th amendment and the trials Lincoln and his supporters went through. The film insinuates that
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