000 100‚000 150‚000 Due to varying production and transportation costs‚ the profit Bindley earns on each 1‚000 units depends on where they were produced and where they were shipped. The following table gives the accounting department estimates of the dollar profit per unit. (Shipment will be made in lots of 1‚000). Shipped To Produced At Boulder Macon Gary New York 7 20 8 Fort Worth 11 17 18 Given profit maximization as a criterion‚ Bindley would like to determine how many motors should be produced
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BB 107 Tutorial 8 Part A: MCQ 1. When a purely competitive industry is facing a short-run profit which statement is true? A. Average total cost is less than marginal cost. B. Price and average total cost are equal. C. Marginal cost is at its maximum level. D. Marginal revenue is greater than price. 2. The long-run supply curve in a constant-cost industry would be: A. Vertical. B. Horizontal. C. Upsloping. D. Downsloping. 3. An economy is producing at the least-cost rate of production when: A.
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Business Organisations Dear James‚ An aim is something they want to achieve. These can be long or short term plans‚ probably over the next three to five years. Businesses will probably want to focus on one or more of the following areas; profit and profit maximisation‚ survival‚ break even‚ growth‚ market share‚ service provision‚ develop their relationship with other businesses. SMART objectives is a mnemonic to guide people when they set objectives‚ often called Key Performance Indicators
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information from each customer (National Business Research Institute‚ 2009) Customer satisfaction has been a subject of great interest to organizations and researchers alike. The principal objective of organizations is to maximize profits and to minimize cost. Profit maximization can be achieved through increase in sales with lesser costs. One of the factors that can help to increase sales is customer satisfaction‚ because satisfaction leads to customer loyalty (Wilson et al.‚ 2008) When a consumer/customer
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Financial Management Analysis and Trends: For-Profit Schools 06/13/2012 ED 7837 TABLE OF CONTENTS Introduction……………………………………………..………………………………………..……………………………………..3 Abstract………..…………………………………………..…………….………………………………………………………………..3 Where the money comes from: Revenue sources……………………………..….……..……………………………5 Pricing and discounting practices within institutions..…………………………...………………………………….6 Where the money goes: Standard expense categories……………………….….……..…………………………7 What is tuition
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Accounting profit and Economic profit. Economic Profit Implicit cost Accounting profit Explicit cost Total opportunity cost Revenue Revenue How an economist views a firm How an accountant views a firm Accounting profit equals sales revenue minus ( - ) all costs except the cost of equity capital‚ while Economic profit is sales revenue minus ( - ) all costs including the opportunity cost of equity capital. Thus economic profit may be lower than the accounting profit. If accounting profit equals
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Non-profit vs. For-profit in Healthcare Organizations In the healthcare industry there is a universal goal of treating patients and taking care of people. How that is accomplished is also similar‚ but the organizations behind the healthcare service provider can vary greatly. In this paper we will analyze the characteristics of non-profit and for-profit healthcare organizations and the factors that impact their operations. Additionally‚ we will look at the various ways a non-profit organization
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Board (FASB) an N.P.O(Non Profit Organization) is defined in terms of their characteristics that distinguishes them from a business entity as a contribution of significant amount of resources from resources providers who do not expect commensurate or proportionate pecuniary returns‚ operating purposely other than to provide goods or services at a profit and absence of ownership interest like business enterprises. Non-profit organizations (NPO) do
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Starting a Non Profit Organization that provides filtered water for people in need requires an extraordinary of time and understanding. Maybe more than in some other type of try‚ the initial step to beginning a charitable association is to paint your vision with the goal that others can see what you are looking to fulfill and comprehend why it makes a difference. Beginning a non-benefit association is a period devouring‚ work concentrated procedure. In the event that you like doing loads of regulatory
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OPERATIONAL AUDITING: ACCT 476 / CCAU 525 Internal Auditing in Not-For-Profit Organizations TABLE OF CONTENTS ABSTRACT: .....................................................................................................................................................................2 INTRODUCTION ..............................................................................................................................................................2 SECTION I: CORPORATE GOVERNANCE
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