=GH¢ 60‚000 (Implicit cost) TOTAL ECONOMIC COST =Total explicit cost +Total Implicit cost =1‚586‚000 + 60‚000 =GH¢1‚646‚000 B. ACCOUNTING PROFIT The Accountant takes into consideration explicit costs but does not take into consideration implicit costs: PROFIT=TOTAL REVENUE- TOTAL COST Total Revenue=GH¢1‚940‚000 Total Explicit cost=GH¢1‚586‚000 Accounting profit=Total Revenue - Total Explicit cost =1‚940‚000- 1‚586‚000 =GH¢ 354‚000 C. ECONOMIC PROFIT The Economist takes into consideration
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Discuss the relationship between entrepreneurship‚ innovation and economic development. What role if any do creativity and problem solving play in this relationship? Refer to both theory and examples from the business world to support your discussion. Thomas Edison once said‚ “I never perfected an invention that I did not think about in terms of the service it might give others...I found out what the world needs‚ then I proceed to invent.” This highly recognised inventor and innovator‚ the creator
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ACT 5733 – Advanced Managerial Accounting Fall 2012 HW #3 Question #1 Consider the following potential investment‚ which has the same risk as the firm’s other projects: Time Cash Flow 0 -$95‚000 1 $20‚000 2 $24‚000 3 $24‚000 4 $24‚000 5 $24‚000 6 $32‚000 a) What are the investment’s payback period‚ IRR‚ and NPV‚ assuming the firm’s WACC is 10%. b) If the firm requires a payback period of less than 5 years‚ should this project be accepted? Answer: Yes it should accept
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Discuss the relationship between entrepreneurship‚ innovation and economic development. What role do creativity and problem solving play in this relationship? Refer to both theory and examples from the business world to support your discussion. Date of submission: 26 November 2010 Name: Chen Wanxin School: the University of Nottingham‚ Ningbo‚ China Module convenor’s name: Maris Farquharson Module title: Entrepreneurship and Business Module code: P11440 (2010) Length: 1885 words Entrepreneurship
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Hayes GB 540 Economics for Global Decision Makers Week Two Dr.: Barbara-Leigh Tonelli May 8‚ 2012 Relationship between Economic Freedom and Variations in Wealth The 2012 Index of Economic Freedom‚ indicates that the least government interaction with the economy of the country‚ the more freedoms that are provided to the individuals in country provides the individuals the most opportunity for individual wealth and prosperity (Index of Economic Freedom‚ 2012). Based on the information
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The financial activities regard running a corporation. In other words‚ Corporate Finance is mainly concerned with maximizing shareholder value through long-term as well as short-term financial planning along with the implementation of different strategies. Thus‚ this includes everything from capital investment decisions to investment banking falls under the domain of corporate finance. On the other hand‚ the shareholders own a corporation or you could say corporations are owned by its stockholders
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Table of Contents Executive Summary2 Background3 Objective3 Results Obtained4 Recommendation4 Rationale5 Managerial Report6 Appendix11 Executive Summary background Darby Company manufactures and distributes meters used to measure electric power consumption. The company has production plants in El Paso‚ Texas and San Bernardino‚ California. The company also has three distribution centers in Fort Worth‚ Texas; Santa Fe‚ New Mexico; and Las Vegas‚ Nevada. The company has nine customer
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Managerial Perspective ACC/561 February 10‚ 2014 Seth Jardine Activity-Based Overhead Rate R&D activities fall into four pools. The four activity pools are market analysis‚ product design‚ product development‚ and prototype testing. The annual costs are $1‚050‚000 for market analysis‚ $2‚350‚000 for product design‚ $3‚600‚000 for product development‚ and $1‚400‚000 for prototype testing. The total estimated drivers for each activity are 15
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determination not to take action under the specific facts provided by the Requestor and should. In declining to take enforcement action‚ the Department considered the steps that the Requestor and the Foreign County have taken here to comply with the FCPA and other anti-bribery laws. 3. Does the amount of money paid to the foreign official have any official bearing on this decision? Unofficial? Facilitating or expediting payments should only be made if necessary to protect human health or safety. Any
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5. Managerial Grid The x/y axis on the grid consist of two behavior dimensions‚ concern for people and concern for production. Concern for people is the degree to which a leader considers the needs of employees when deciding how tasks or jobs should be done. This can be personal or professional development. This behavior dimension moves along the y-axis. Concern for production is the degree to which a leader emphasizes objectives and productivity goals when deciding how tasks or jobs should
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