INCREAS PROFITABILITY OF BRANCH profit center Definition A business unit or department which is treated as a distinct entity enabling revenues and expenses to be determined so that profitability can be measured. Distinctly identifiable department or unit that contributes to the overall financial results of a firm. Where adequate cost accounting systems are in place‚ profit centers are given responsibility to target certain percentages of the total revenue and are given adequate authority
Premium Income statement Decision theory Cost
1.1 Describe safe and hygienic working practices when preparing services areas‚ equipment my and stock for wine service She and hygienic working practices What is your understanding of safe and hygienic work practices? Following policy and procedures of the organisation Sorting at the right temperature Making sure the cork is screwed in correctly to stop the pressure and keep the wine of the cork itself so not to mix the taste Cleaned areas for where the food is served ie tables and
Premium Wine Fermentation Chardonnay
a ACCOUNTS SCHOOL BASED ASSESSMENT PROJECT ST GEORGES COLLEGE 2010 Chevaughn Barrant who previously worked for Shady Spring Developers was made redundant and received $1‚500‚000 as his redundancy payment which he used to open his own sole trader business known as C.J’s Computer and Accessories where he trades in computers and parts. He decided to operate the business for two months August 1‚ 2010 to September 30‚ 2010 and the transactions are as follows: 2010 Aug 1 Started business
Premium Balance sheet Income statement
Preparing and maintaining accounting records • At the initial stage of the audit‚ carried out a risk assessment to identify the inherent risk‚ detection risk and control risk. Control tests were carried out for the main accounting systems such as sales‚ purchases etc. Depending on the results of the same‚ performed a test of control or substantive test to derive at the conclusion that the different account balances were fairly stated in the financial statements. • Computation of raw material
Premium Balance sheet Generally Accepted Accounting Principles Asset
(Also known as "T" Account and Account) Having passed the double or journal entries‚ the next step is to post these double or journal entries into Ledger accounts. Ledger account or an account is simply the classification of double entries which we have made in General Journal or any other journal. In an account we bring together all similar entries in one place. For example a company has purchased goods on 4th and 7th January‚ we would put both entries in purchases account because of their similar
Premium Accounts receivable Debt Double-entry bookkeeping system
ECON 600 Lecture 3: Profit Maximization I. The Concept of Profit Maximization Profit is defined as total revenue minus total cost. Π = TR – TC (We use Π to stand for profit because we use P for something else: price.) Total revenue simply means the total amount of money that the firm receives from sales of its product or other sources. Total cost means the cost of all factors of production. But – and this is crucial – we have to think in terms of opportunity cost‚ not just explicit
Premium Supply and demand Price elasticity of demand Elasticity
There are three tasks in this activity. Task 1 Complete either part (a) OR part (b). a) Prepare a business case for a situation at your workplace where you need to acquire more staff. You may wish to use a business case template such as the ones provided for part b‚ or follow your organisation’s procedures/template for business case development. OR b) Complete a business case using the following information. You may wish to use a business case template such as the one provided
Premium Management Psychology Project management
Name: Thuy Anh Nguyen November 6‚2012 1. Conditions for profit maximization are: a) Difference between total revenue (TR) and total cost (TC) is maximized; b) Marginal revenue (MR) should be equal to marginal cost (MC) Explanations: If we assume that the company is facing a downward – sloping curve and it produces just one single product a) Profit = TR – TC. Profit will increase if TR increases and TC decreases. If company wants profit maximization‚ it should be TR maximization and TC minimization
Premium Profit maximization Economics
11/8/2014 Preparing a legal memorandum – Best Guide to Canadian Legal Research Home / Writing & Analysis / Preparing a legal memorandum Preparing a legal memorandum A legal memorandum is a highly structured type of writing that follows certain conventions. The structure and conventions are discussed below‚ and a sample memorandum is included. Because each legal problem is distinct‚ no two memoranda will be organised in precisely the same way. Do not slavishly follow the sample memorandum. Rather
Premium Law
Both not for profit and for profit companies have many similarity and differences. A lot of companies start with the intent of making a profit. These companies also pay taxes and are called profit or for profit companies (Rodwell‚ & Teo‚ 2013). Other companies‚ while they can make a profit begin with the intent of helping others. These companies are not for profit or non-profit organizations. Nonprofit organizations are not allowed to make a profit‚ and do not pay taxes‚ but they might generate
Premium Disability Ethical egoism Morality