Financial Environments Financial Environments The discussion of profit and not-for- profit organizations has been analyzed and discussed in essays and research papers for years. When you include government funded organizations into the mix this tends to bring about some very interesting discussions. There are similarities and differences among the three different environments. Some key identifiers that shed light into the similarities and differences include where the organizations get
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the relationship among cost‚ cost driver or level of activity (volume)‚ and Sales Less: Variable Costs Contribution Margin Less: Fixed Costs Net Profit xxxx xxxx xxxx xxxx xxxx CONTRIBUTION MARGIN INCOME STATEMENT e s Sa l Total Cost Break-even point Fixed Cost Break-even point is a condition where total revenue equals total cost and profit is equal to zero BREAK-EVEN POINT Break-even point (pesos) = Total Fixed Cost / Contribution Margin Rate Break-even point (units) = Total Fixed Cost
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Cost‚ Volume‚ and Profit Formulas All businesses require becoming profitable or at some point they will fail. Accounting plays an essential role in determining if the company will become successful and continue to do so over time. Using well-defined formulas in order to assess the exact numbers will facilitate the actions a company needs to carry out in order to maintain its goals. The accounting department would look at the cost-volume-profit analysis to concentrate on the different components
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Non-profit vs. For-profit in Healthcare Organizations In the healthcare industry there is a universal goal of treating patients and taking care of people. How that is accomplished is also similar‚ but the organizations behind the healthcare service provider can vary greatly. In this paper we will analyze the characteristics of non-profit and for-profit healthcare organizations and the factors that impact their operations. Additionally‚ we will look at the various ways a non-profit organization
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TITLE: The Use of Profit and Loss Statements INTRODUCTION: This report will discuss the usage of a profit and loss statement in accounting as well as explaining why expenses are separated into specific categories in these reports. The different types of profits measured in this statement will also be explained. ROLE AND PUPOSE OF A PROFIT AND LOSS STATEMENT: 1. Role of a Profit and Loss Statement A profit and loss statement is a report prepared for presentation to interested parties showing
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Muslim staff at Marks & Spencer can refuse to sell alcohol and pork Asda said it would not deploy Muslims on tills who objected to handling alcohol‚ while Morrisons‚ which is based in Bradford where there is a large Muslim community‚ said it had widespread experience of dealing with the issue and would “respect and work around anyone’s wishes not to handle specific products for religious or cultural reasons”. At M&S‚ Muslim staff who do not wish to handle alcohol or pork have been told they
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COST – volume –profit analysis LEARNING OBJECTIVES Students should be able to: 1. Explain the nature of CVP Analysis and name and illustrate planning and Decision-making situations in which it may be used‚ 2. Separate semi-variable (mixed) costs into their fixed and variable components. 3. Construct profit/volume charts given selling price‚ costs and volume data. 4. Construct a cost/volume/profit (CVP) model representing the data in a marginal
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Marginal Analysis and Profit Maximization Task A At the point of profit maximization within any firm‚ the aspects of both marginal revenue and marginal cost play a major role. The economically working definition of marginal revenue is termed as: the extra revenue that an additional unit of product will bring. It is the additional income from selling one more unit of a good; sometimes equal to price (MoneyTerms‚ 2005). The marginal revenue of the output of any given product ties closely in the
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Milton Friedman suggests that businesses should only be responsible for making profits. If a business stays within the law‚ it is encouraged to do anything and go to any means necessary to maximize the bottom line. Other aspects such as customer happiness‚ impacts on society should not be its main concern. Porter and Kramer on the other hand suggest that we can create shared values in other words we can create economic value simultaneously by creating societal benefit and vice versa. Theoretically
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I am a police officer and more times than not‚ I find myself dealing with school ages kids. Usually they range between the ages of 13-18. Most of the time I feel like a counselor because when we deal with juveniles‚ the juvenile judicial system has tied our hands in what they will incarcerate a juvenile for‚ so we usually give them a stern talking to and release them back to the custody of their parents. I also work closely with the middle and high school administrators. Sometimes we are in the
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