Price Elasticity: Price Elasticity is used to explain the degree of responsiveness of the demand for a product to a change in its price. Ep=Percentage change in quality demanded/Percentage change in price (Ep=Price Elasticity) Practical applications of Price Elasticity: 1) Helps in fixing the prices of different goods: It helps a producer to fix the price of his product. A higher price is charged if the demand for the product is inelastic and a lower price is charged if the demand for the product
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MANAGERIAL ROLE: 1. INTERPERSONAL ROLES (i). Figurehead role- In this role a manager performs symbolic duties required by the status of his office. Making speeches‚ bestowing honors‚ welcoming official visitors‚ distributing gifts to retiring employees are examples of such ceremonial duties (ii). Leader- This role defines the manager’s relationship with his own subordinates. The manager sets an example :legitimizes the power of subordinates and brings their needs in accord with those of his
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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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Accounting 211: Introduction to Managerial Accounting Fall 2013 Syllabus Professor Feng Gao‚ Ph.D. Phone: (312) 996 – 4438 Office Hours: Monday 1:00 – 2:00pm 2321 UH Wednesday 1:00 – 2:00pm 2321 UH Teaching Assistant Uma Mulakala Office Hours: Tuesday 1:00-3:00pm 2347 UH Thursday 1:00-3:00pm 2347 UH Anita Ivanova Office Hours/Review Sessions: TBA Course Email: actg211uic@gmail.com Class Schedule 27836 11:00-11:50 M/W/F LC A001 27837
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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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owned by its stockholders. This could range from a single shareholder in a closely held corporation to hundreds of thousands of shareholders in a publicly traded organization. Furthermore‚ some of the key terms that associated with Corporate or Managerial finance would be Liability - financial claims towards an organization assets which is not consider equity‚ Cash flows which consider money moving through companies‚ Corporation which is a distinct legal entity and Assets that could help the business
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Emad Abdallah BLAW 4344.900 February 3‚ 2013 Assignment 2 Questions and Cases‚ Part 4‚ Chapter 17 1. How important is the role of the U.S. Government Agency in this transaction in relation to the DOJ’s decision? I believe the role of the U.S. Government Agency in the Foreign Corrupt Practices Act Review Opinion Procedure Release 10-01‚ may be somewhat critical. In the case assignment‚ the facts and circumstances‚ as represented by the Requestor are legal and the Department’s conclusion
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MBA 5600 Managerial Economics Assignment #1 1. What impact will the prospect of deprivatization have on investment by managers of privatized firms? The impact will be: - Loosing corporate focus; - Missing planned CEO turnover; - Affecting planned managerial objects and strategic efficiency Obviously‚ normal managers invest in long-term projects‚ products and services‚ deprivatization may come up with a different strategy that not aligned with corporate goals and its profit will probably
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Week Two Read Me First MANAGERIAL BUDGETING Introduction This week covers the various cost descriptors such as fixed‚ variable‚ direct‚ indirect and the budget cycle. We will discuss applying cost-benefit analysis to an organizational situation and how it is used at different levels of public budgeting‚ governmental‚ and non-profit accounting. We will discuss line item budgeting‚ program budgeting‚ and performance budgeting This Week in Relation to the Course In the first week we
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Master of Business Administration- MBA Semester 1 MB0042 – Managerial Economics - 4 Credits (Book ID: B 1625 ) Assignment Set -1 (60 marks) Note: Assignment Set -1 must be written within 6-8 pages. Answer all questions. Q1. Discuss profit maximising model in detail. 10 marks(350-400 words) Answer : Profit maximization is the rational behaviour of equilibrium assumption. Any firm which aiming at profit maximization model; will go increasing its output till it reaches maximum profit output
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