1 WESTMOUNT RETIREMENT RESIDENCE: New Costing System and Pricing recommendation Financial Management MBA in Sustainability and Leadership Robert Kennedy College 2 TABLE OF CONTENTS / LIST OF EXHIBITS Executive Summary_____________________________________________________ _______3 Main Report______________________________________________________ ____________5 Exhibit A___________________________________________________________ __________8 Exhibit B___________________________________________________________
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Under old system (Traditional Costing) Geoffrey Doll Speciality-Branded #106 Cradle Standard unit cost($) 19.19 23.74 23.70 Selling price($) 21.00 36.00 30.00 Contribution margin($) 1.81 12.26 6.30 CM Ratio 9% 34% 21% Under new system (Activity-Based Costing) Geoffrey Doll Speciality-Branded #106 Cradle Standard unit cost($) 15.21 35.10 23.72 Selling price($) 21.00 36.00 30.00 Contribution margin($) 5.79 0.90 6.30 CM Ratio 28% 3% 21% The ABC system gives results that are
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Profit-Maximizing and Increasing Revenue Profit-maximizing quantity is figured by determining if the product is considered price-elastic or in-elastic. If demand is elastic‚ a decrease in price will increase total revenue. Conversely‚ a price increase will decrease total revenue for a product that has in-elastic demand. Bury can create a revenue curve graph as additional sales at various prices create additional data. Bury
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and China Ultra Fine Aluminium Hydroxide (AL(OH)3 ATH D50 1-2um) industry. This report has firstly introduced Global TOP10 Ultra Fine Aluminium Hydroxide Suppliers Ultra Fine Aluminium Hydroxide Production Specifications UF ATH Capacity Production Price Cost Profit Production Value UF ATH sales by products by regions by applications sales clients UF ATH manufacturing technology and manufacturing cost structure etc details information. And then Summary statistics of Global and China TOP10 Ultra Fine
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“keep making offerings less expensive‚ without making them cheap. IKEA’s prices are on average 40% less then their rivals. In addition to that‚ while IKEA’s rivals’ prices tend to rise over time‚ IKEA reduced its retail prices by a total of 20% during the years 2009 to 2013. That allowed IKEA’s sales in some products to increase by an average of 40%. The reason behind IKEA’s success on maintaining “high quality at a low price” is their smart focused operation strategy. Starting from developing to
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had the best prices. My friend‚ however‚ was scandalized that I would even consider shopping at Walmart. “Do you know how they treat their employees?” he demanded. “They barely pay them a livable wage‚ and half the time without benefits!” This exchange between my friend and I effectively sums up the general attitudes regarding Walmart– yes‚ we consumers know that Walmart has questionable operational policies and ethical concerns‚ but we shop there anyway because we want the best price. In this case
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Negotiation Assignment I have always wanted to sign up for a membership at some fitness centers in Bangkok. Therefore‚ I decided to find more information on the prices of the programs at different well-known fitness centers around Bangkok. After spending several days on research‚ I found that True Fitness Center is the most interesting center as it has one branch that is very close to my place. Last week‚ I went to the center at CentralWorld department store with my friends to learn more about
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decisions? a. Customers NEVER have an influence on demand and supply 2. Kaizen is a continuous improvement technique used to the time it takes to do a task‚ eliminate waste‚ and improve operating efficiency and productivity. a. True 3. The higher the price a monopolist sets‚ the lower the demand for the monopolist’s product as customers seek substitute products or forgo buying the product. a. True 4. Companies operating in less competitive markets offer products or services that differ from each other
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IKEA :Design and pricing 2013 Prabhdeep singh IKEA Home Furnishing 8/5/2013 Table of contents Introduction………………………………………………………………………………………3 Question & Answers………………………………………………………………………….4 IKEA: Design and Pricing Prabhdeep Singh Level 5 5/August/2013 Production and Operation Management Submitted to : Mr. Daniel Lecturer (Level 5) Newzealand College Of business INTRODUCTION The first Mobel-IKEA store was opened in Almhult‚ Smaland in 1958‚ while the first stores outside
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question on investors’ minds will be: ’How customers will react to a single price point versus a perceived discount under the old strategy?’" says Citi Investment Research analyst Deborah L. Weinswig. Here’s how Penney’s pricing strategy will work: — Sale prices become everyday prices. The company will use sales data from last year to slash prices on all merchandise at least 40 percent or lower than the previous year’s prices. So‚ a woman’s St. John’s Bay blouse regularly priced at $14.99 could have
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