Cost and Revenue Curves J Bara ECO/533 Economics for Managerial Decision Making PA04MBA10 April 7‚ 2005 1. Total profit is the product of profit per unit and the quantity. To maximize profit‚ quantity is chosen at the point where marginal cost (MR) is equal to marginal revenue (MR) which is where the two graphs intersect. This is the ideal situation to a profit seeking company. Since price is greater than the Average Total Cost (ATC)‚ for each unit sold the profit per unit is simply the
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Effect of revenue increase to Ford Motor Company’s working capital policy. Ford Motor Company working capital is a measurement of efficiency and health in a short term. The working capital is Current Assets less the Current Liabilities‚ and 20% increase indicates Ford Motor Company should pay off short-term liabilities. Ford Motor Company shows a 20% increase in revenue that brings the revenue up from $128‚954 to $154‚745 million. With the increase Ford Motor Company should invest in labor
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CHAPTER ONE INTRODUCTION 1.1 Background of Study The petroleum industry in Nigeria is the largest industry and main generator of GDP in Africa’s most populous nation. Since the British discovered oil in the Niger Delta in the late 1950s‚ the oil industry has been married by political and economic strife due to a long history of corrupt military regimes and the complicity of multinational corporations‚ notably Royal Dutch Shell. However it was not until the early 1990s‚ after the Nigerian
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Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3‚ No 10‚ 2012 www.iiste.org International Financial Reporting Standard (IFRS): Benefits‚ Obstacles And Intrigues For Implementation In Nigeria *IKPEFAN‚ OCHEI AILEMEN Ph.D (Banking &Finance)‚ ACA‚ACIB Department of Banking & Finance‚ Covenant University‚ Ota‚ Ogun State E-mail: ochei_ikpefan@yahoo.co.uk; Tel:234- 08053013418 **AKANDE‚ A.O B.Sc (Business Administration)‚ MBA; Department of
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Nigeria Correctional Systems 1 Nigeria Correctional System Chiquita Yusuff Axia College CJS/230 Nigeria Correction System 2 “Protect the society; reform the prisoner. If you cannot do the time‚ do not do the crime”. This is the motto used by the country of Nigeria‚ in regards to its correctional system. The slogan is an understatement when it comes to the actual
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various difficulties. The major concern of this paper is to dwell on these difficulties and illuminates the factors that are responsible for them. In achieving this‚ the paper relies on descriptive approach and unstructured interview. It concludes that problems of local government are multifarious in nature and the solutions for them should be adequate and practical in order to evolve viable and development-oriented third tier of government. Key words: grassroots‚ political system‚ autonomy‚ third tier
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Youth Unemployment in Nigeria INTRODUCTION Nigeria is the most populous country in Africa and the eighth most populous country in the world with a population of 154‚ 729‚000 citizens. Our nominal GDP is $207. 116 billion and we have a nominal per capita income of $1‚ 4011. Nigeria also has the second largest economy in Africa. If I may ask‚ is this country not blessed? Yet‚ it is still plagued by youth unemployment which had been one of our major problems in recent years. Both government and
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analogies between words in documents and patterns of patients and inspiring from bag-of-words‚ we represent the observed patterns of a patient as a bag of patterns. Therefore‚ the generative process can be treated as the process of Latent Dirichlet Allocation (LDA)~\cite{blei2003LDA}. More specifically‚ patterns of a patient are generated as: (1) A patient has $N$ patterns to describe his/her
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Master of International Studies 95.803 Business‚ the Environment and Social Responsibility Lecturer: Rashid Ameer Discussion paper Confronting the challenges of sewerage management in Island of Barbados Name: Tsoy Evgeniy ID: 2122207 Due Date: Thursday‚ 14 June‚ 2012 An exotic and dwelling place of unique phenomenon attracts millions of tourists every year. This is Caribbean‚ island of Barbados‚ paradise in the seventh heaven. The idea that
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aware of at least the basics of financial plans which are revenue‚ cost and profit. These three things can make or break a company. Each of these things must be understood and considered before plans can be laid to create or better a company. Revenue is the amount a company receives (Marginal Revenue‚ 2009). If a company is in the business of sales‚ revenue is the amount of money the company receives per unit sold. Marginal revenue is the amount of money a company receives for the last unit
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