Exercise 4-2 Books of Alvin‚ Managing Partner Feb. 12 Joint Venture 10‚000 Cash 10‚000 14 Joint Venture 2‚000 Larry 2‚000 15 Cash 9‚000 Larry 7‚500 Joint Venture 16‚500 20 Cash 3‚000 Joint Venture 3‚000 20 Joint Venture 7‚500 Income from Joint Venture 4‚287.50 Larry 3‚212.50 10% commission on net purchases
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Assignment Eco 101 1. a) Briefly explain the factors that determine the price elasticities of demand and supply. b) The accompanying table presents the prices and associated demand quantities of ready-made garments of Bangladesh at different world incomes. Price of RMG Quantity demanded when Quantity demanded when world GDP is $ 65 trillion world GDP is $ 70 trillion $10 500‚000 800
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Price Marketing is defined as the “activities that direct the flow of goods and services from producers to consumers” . The process of marketing involves planning and employing an array of methods known as the marketing mix (price‚ place‚ promotion‚ and product). An aspect of the marketing mix is price‚ which is the value received by a business in exchange for its goods . Pricing is thought to be the most crucial factor of marketing mix‚ as it is directly correlated with revenue and profitability
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Level (per hour) (boxes per hour) 0 0 1 20 2 46 3 66 4 80 5 85 Marginal Production Level Complete the table and determine the most efficient number of movers to hire. Explain. (Be sure to discuss average production and marginal production levels.) Does the production function in the table exhibit diminishing marginal returns? Explain what you think is happening. Solution: Number of Workers Total Product of Labor Average (per hour)
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Revenue has become the lifeblood of the government from the moment the Philippines had been given the freedom to establish its own system of governance and formulate laws which formally states the people’s rights‚ duties and obligations. However‚ for the country to continuously sustain the needs of its citizens it has to generate revenues from the different sources available. How will the national government implement the maximization of revenues from local communities
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maximization that companies utilize are the total revenue to total cost approach and the marginal revenue to marginal cost approach. To attain their goal of achieving the highest level of profit‚ Company A uses these methods to determine the appropriate output level to achieve their goal. Both methods arrive at the same level. In the first approach‚ Company A first determines its total revenue by multiplying the number of widgets sold by the price of the widget. Next it determines its total cost
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Expenditures and Revenues Matrix and Summary Monya L. Duncan AJS 522/Finance and Budgeting in Justice and Security November 25‚ 2013 Professor Michael Scott Expenditures and Revenues Matrix and Summary Introduction Lynch and Smith‚ 2004 state that‚ “A “budget” is a plan for the accomplishment of programs related to objectives and goals within a definite time period‚ including an estimate of resources required‚ together with an estimate of the resources available‚ usually compared with one
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Revenue Recognition Policy (Note 2): A. Sale of goods Revenue Recognition According to the annual report ’s financial statement notes‚ CV Technologies (CVT) recognizes revenue when the title of goods is passed on to the customer‚ and when reasonable assurance exists regarding the measurement and collection of the consideration given. This means that once CVT ships its goods to their reliable customers‚ they will account for those goods as sold‚ and recognize the contract amount as revenue. This
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THE REVENUE SOURCES OF FACEBOOK.COM Facebook Revenues Up to $700 Million in 2009‚ On Track Towards $1.1 Billion in 2010 Facebook is tight-lipped about its revenue numbers‚ which is typical of private companies. The most it has said publicly is that it became “free cash-flow positive” as of last September. At the time‚ we estimated it was set to bring in around $550 million for the year in revenues based on previous reports that we and others had heard‚ and from our own calculations. But how did
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Methods of Revenue Recognition 1. The Accrual Method of Revenue Recognition The most common revenue recognition system is based on the accrual method. Under this approach‚ if the revenue recognition rules presented in the last section have been met‚ then revenue may be recognized in full. In addition‚ expenses related to that revenue‚ even if supplier invoices have not yet been received should be recognized and matched against the revenue. The name of this method does not imply that the revenue
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