A01- Profit and Loss A profit and loss account is something businesses use to show them their revenue‚ costs and profits for that certain year‚ therefore showing the total amount of profit that the business has made that year‚ it is extremely important for the business‚ in particular for the accounts department who will refer to the profit and loss account a lot. This is because it clearly lays out what the business has spent‚ and what the business has brought in‚ it is easy for the business
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Is Profit Maximisation always the major objective of a firm? The production of goods and services in our economy today takes place within organisations‚ whether in the centrally planned economy or free market economy. Any firm within these societies all have the same tendencies to acquire a successful business. Attaining this succession through mission statements‚ goals and objectives is simultaneous through all businesses. Changes in these objectives can have forcible effects on the decisions
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Profit Maximization Marginal revenue is the change in revenue which comes from the sale of an additional unit of output. The relationship with total revenue is that total revenue is used in the formula to calculate marginal revenue. A company can calculate marginal revenue by dividing the change in total revenue with the change in output quantity. Because of demand‚ as production quantity increases the revenue per unit will decrease. On the other hand‚ marginal cost is the change in the total
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Time to Feast on the Subway “One should not attend even the end of the world without a good breakfast.” ( Heinlein 1) Having breakfast in the morning really makes a huge difference for the day. In Hong Kong‚ where everyone is having a hectic life‚ people always make full use of their time. Imagine before heading to school or work‚ one can now enjoy more sleep by having a good feast on the trains‚ life might be much easier. A passenger in New York seemed to agree to it. “Last year a fierce quarrel
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Contribution Margin and Break Even Point by ACC 202 Trident University July 22‚ 2011 Contribution Margin and Break Even Point I’m going to discuss Contribution margin and what it is and how it relates to companies and profits. Contribution margin is the amount remaining from sales revenue after variable expenses have been deducted. It is the amount available to cover fixed expenses such as lease agreements and then to provide profits for the period. Contribution margin is first used
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The monthly giving programs have become very popular among non-profits because of their potential for long term financial commitments. This recurring giving is a monthly donation that happens automatically using a process that’s referred to as E.M.T (Electronic Money Transfer.) This valuable program provides a predictable source of income that a non-profit can depend on every month without question. Recruiting monthly donors is inexpensive and affordable. Once set up‚ the donation process is electronic
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Journal Entry 6-1-12 I learned that its not always about immediate profit. The purpose of business is to prolong your business while making a solid profit each year. If you make 100‚000 dollars for 3 years that does not exceed what your profits would be if you made 75‚000 dollars a year for 25 years. The peace of mind alone knowing you have a trust worthy business partner as well as a set in stone job/business for your lifetime and retirement is often a lot more rewarding than a quick buck. I
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The selling price and cost per unit are shown below: Selling price $200 Costs: Direct material $35 Direct labor 50 Variable overhead 25 Variable selling expenses 25 Fixed selling expenses 15 150 Unit profit before tax $ 50 Management is evaluating the alternative of performing the necessary customizing to allow Electron Control to sell
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Prior to 1940 Rothko often painted deserted city environments‚ adopting an expressionistic style. Subway Scene (1938) is one such painting. It is the depiction of a subway station and features: a policeman and another figure next to a figure in a ticket booth and some turnstiles; two figures passing each other on some stairs descending to a lower level; a figure just entering into view via steps to the back left. There are also four large pillars and a large set of railings. There seems to be no
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In “on the subway” there are many contrasts that convey both portraits in the poem. The speaker is obviously frightened of the young black boy sitting across from her on the subway‚ though he gave her no reason to be. She gives a description of him including his feet‚ shoes‚ clothing‚ and the emotion she perceives is on his face but for some reason doesn’t give an actual description of his face and body type‚ which I find strange. The speaker’s similes and metaphors are very disturbing because
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