.100 Total Relevant Costs/yard 1.36 1.28 Profit 2.64 1.72 Total 75000yds $198‚000 15000yds $258‚000 Table 1 BTC at $4/yard and P & C at $3/yard BTC C & P Price $3.00 $3.00 Direct Labor .760 .780 Material .400 .400 Material Spoilage .038 .040 Direct Dept Expense .100 .112 Total Relevant Costs/yard 1.30 1.33 Profit/yd 1.70 1.67 Total 125000yds S212‚500 100
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main aim is to maximize profit. Hema operates in the Netherlands‚ Belgium‚ Luxemburg‚ France and Germany the main benefits for Hema to operate on a large scale are that they will make more profits in a shorter period of time. The reason for this is because in the Netherlands alone they have got 600 stores from which they generate their money from. And then in other countries they have got more stores from which they make money‚ so even though they have got large profit margins in the Netherlands
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Synopsis: George Lassiter is a project engineer for a major defense contractor and also an entrepreneur who manufactures and designs special events T-shirts. He has owned this lucrative T-shirt business for six years and designed T-shirts for “special events” such as rock concerts‚ major sporting events‚ and special fund-raising events‚ provided cleverly designed‚ well-produced‚ and reasonably priced products. His product was not endorsed by event sponsors. He sold the shirts to his regular crew
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Canon cuts profit forecast on first annual drop in high-end camera sales 24 October 2013 Link: http://news.yahoo.com/canon-cuts-profit-outlook-camera-slump-drags-062539163--finance.html TOKYO (Reuters) - Japan ’s Canon Corp cut its operating profit outlook for the second quarter in a row‚ below analysts ’ estimates‚ warning that sales of its signature high-end cameras will fall this year for the first time since their launch in 2003. The world ’s largest camera maker said it now sees global
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falling margins and profits whereas increase in COGS and overdraft as shown in table below. Increases in trade payable and bank overdraft by 92% and 86% respectively have resulting in overall increase of current liabilities by 45%. These are not healthy signs for a business. Table 1: Financial Analysis between year 2007 and 2008 | Increase | Decrease | Differences | Percentage | Revenue | | √ | RM 10 mil | 7.7% | COGS | √ | | RM 4.74 mil | 6.5% | Operating Profits for the period |
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ILM Level 3 Award in Leadership and Management Assignment 1 Problem Solving Background: The organisation I currently work for is a charity called Ageuk. Our Ageuk local known as Ageuk Birmingham was formed from a merger of age concern and help the aged in 2009. We operate from the Oscott Community Centre which is based in the Great Barr area. Our aim is to provide a rich variety of paid and non-paid services to clients aged 50 plus through the centre. Since the merger in 2009 our range
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traditional financial measures include some ratios like average return rate (ARR)‚ return on investment (ROI)‚ residual income (RI)‚ and earnings per share (EPS). In the case‚ we can find LEGO’s financial measures in exhibit 1. From 2006 to 2010‚ LEGO’s profit and assets had a gradual increase‚ the margin‚ ROE‚ and ROI also increased year by year‚ which show that LEGO performed well during the period. However‚ these traditional measures results mainly based on historical figures‚ which is difficult to establish
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overall profits of adding or dropping a particular segment‚ such as a product or customer‚ without making any other changes. B-2 Relative profitability involves ranking segments‚ each of which may be absolutely profitable‚ for the purpose of making trade-offs among the segments. Such trade-offs are necessary when a constraint exists. Otherwise‚ they are not necessary. B-3 Every business that seeks to maximize profits has a constraint. No business ever has had or ever will have infinite profits. Whatever
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Answer: The theoretical free-market situation in which the following conditions are met: (1) buyers and sellers are too numerous and too small to have any degree of individual control over prices‚ (2) all buyers and sellers seek to maximize their profit (income)‚ (3) buyers and seller can freely enter or leave the market‚ (4) all buyers and sellers have access to information regarding availability‚ prices‚ and quality of goods being traded‚ and (5) all goods of a particular nature are homogeneous
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The social responsibility concept is based on the premise that business has greater impact on society than can be measured by profit or loss. As a participant in society‚ business should contribute to the human and constructive social policies that guide society. The concept of social responsibility is merely a first step towards social effectiveness of business. It is the underlying value which gives businessmen a sound basis for social action. It is the philosophy which justifies business involvement
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