Gross profit is a company’s residual profit after selling a product or service; it involves deducting the cost associated with the production and sales. To calculate gross profit it involves examining the income statement. In the income statement you take the revenue and subtract the cost of goods sold. This is also called gross margin and gross profit. Gross profit is needed in a company because it shows how efficiently management uses labor and supplies in the production process (Investopedia
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spreadsheet above. Extrapolation in terms of a diagram and geometric progressions T8 T16 “T32”“ T64” X According to the theory derived earlier 32 16 16 8 1 ( - 4 T T≈ + T T ) This gives us the so called “extrapolated” value 32 16 16 8 1 " " ( -). 4 T T TT = + Note‚ this is exactly how “T32” was calculated on the previous page. And then 2 2 64 32 16 8 16 16 8 16 8 1 11 " "" " ( -) ( -) ( - 4 44 T T TT T TT TT ⎛ ⎞ ⎛ ⎞ = + =+
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Case Study 1 BioPharma‚ Inc. 1. How should BioPharma have used its production network in 2009? Should any of the plants have been idled? What is the annual cost of your proposal‚ including import duties? It produces and sells its same kind of products in both of chemicals for any parts of the world. If its plants in one country are not enough products‚ it would move products from other countries to add the number of products that are sold in this country. Plants of Relax in Germany and Japan
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Introduction The purpose of this report is to show if the new golf ball coating design does induced resist cuts and provide a more durable ball. Hypothesis µ1 is the mean driving distance of currently produced golf balls µ2 is the mean driving distance of newly designed golf balls Null hypothesis (H0): µ1- µ2 ≤ 0 Alternate hypothesis (Ha): µ1- µ2 > 0 Analysis The sample mean for current golf balls is 270.275‚ while the new golf balls have a sample mean of 267.50. So on average the current
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become in the next 10 years? How will US higher education help you achieve your ambition (limit in 350 words) When I was a little kid‚ people usually asked me :”Who do you want to be in the future?” I replied them :”I want to be a scientist ”. Many years later‚ I grow up and gradually understand that no one can predict his own future and no one can tell exactly what will he be doing next 10 years since life is a long journey which full of unexpected twists and turns. In 10 years‚ there’s a possibility
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Chapter 1 #1 The stages involved in the supply chain of a can of soda from a convenience in the typical situation would be the supplier‚ manufacturers‚ wholesaler‚ retailer (the convenience store) and the consumer. The supplier supplies the manufacturer with the raw materials involved in producing the cans of pop (aluminum‚ syrup‚ etc.). Once produced‚ the manufacturer sends bulk shipments of the product to the wholesaler‚ who sends shipments to the retailer. The flows between each of the stages
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representation of the strategy of an organization. It illustrates how the organization plans to achieve its mission and vision by means of a linked chain of continuous improvements. For a commercial business‚ the strategy map illustrates the long-term game plan or competitive strategy to achieve increased profitability. For a nonprofit or governmental organization‚ it illustrates the plan by which the organization intends to improve performance of its mission. In either case it illustrates the cause-and-effect
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Otherwise‚ the profit from any interest earned is reduced or even wiped out by the bad debt when the customer eventually defaults. Everybody needs to borrow money. Whether it is to buy a home or a car or to enjoy the convenience of a credit card‚ borrowing is as much as part of our daily lives as brushing our teeth or going to work or school. The problem is that borrowing money costs money. You have to pay interest on borrowed money to make loans worth a lender’s while. And if you are not paying attention
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Best Buy Co.‚ Inc. Customer-Centricity Background: The consumer electronics giant‚ Best Buy‚ was first established in 1966 with a single location and a staff of three in St. Paul‚ Minnesota‚ selling audio equipment targeted at 18-25 year old males. Initially Sound of Music/Best Buy grew through acquisition‚ expanding to nine locations in the Twin Cities area by 1978. The name‚ Best Buy‚ and expanded product line‚ ranging from audio and video equipment to large appliances‚ were a result of a “best
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Exam Answer Question: Define the terms gross margin and net margin. Discuss critically their respective advantages and disadvantages for use in business analysis and planning. The term Gross margin can be defined as the total revenue of a business or enterprise less the variable costs of that enterprise or business. It can be given in terms of per hectare in the case of crops and on a per head basis in livestock which can be derived from the totals. It is a good indicator of productive and economic
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