Costs associated with two alternatives‚ code-named Q and R‚ being considered by Lang Corporation are listed below: | | Alternative Q | Alternative R | Supplies costs | $ 64‚500 | $ 64‚500 | Power costs | $ 36‚500 | $ 21‚500 | Inspection costs | $ 11‚400 | $ 26‚300 | Assembly costs | $ 38‚600 | $ 28‚000 | | Required: | a. | Which costs are relevant and which are not relevant in the choice between these two alternatives? |
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organizational culture. External competitiveness was irrelevant to the old SOE employees as the pay was subsided by the government. However this would become very relevant under privatization. Thirdly‚ the corruption of Guanxi not only affected the internal human resource management but also posed a greater challenge for privatization. A few senior managers are well connected to the local authority. Removing these managers from the house would potentially cause a greater threat to the future development
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COST-VOLUME PROFIT (CVP) ANALYSIS This is a technique used for planning short-term run profits by finding the relationship between profits and factors that influence profits. The following factors are taken to be influencing profits:- • Selling price • Variable cost of production • Fixed costs • Activity level (production and sales units) Profit planning is based on break-even analysis and can be worked out using either; a) Algebraic method b) Contribution method c) Break-even
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the long run‚ perfect competitive firms only earn normal profit. This is due to the easy entry and exit of firms into the market. Easy entry is mean that a new firm can easily enter the market if it established supernormal profit in the short run‚ new firms enter the industry and this increase the supply of the product. As result‚ the price falls and reduces the profit. New firms will continue to venture into this business until the profit reach zero. Easy exit is mean that some of the existing
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pattern in the errors‚ suggesting that we have not found and exploited all of the pattern in the demand data. This in turn would suggest that the forecasting procedure being used is inappropriate. For example‚ suppose our forecasting system always gave us a forecast that was on average ten units below the actual demand for that period. If we always adjusted this forecast by adding ten units to it (thus correcting for the bias)‚ the forecasts would become more accurate as well as more unbiased. Logistics
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thereafter. Several nations particularly those in Africa‚ have come to embrace the principle as a way of eliminating low performance and inefficiency in the public enterprise sector. Following the trend the Nigerian economy has come to embrace privatization as a cardinal principle of the state’s economic policy. Over the years‚ the Nigerian government has encouraged the development of the public sector‚ since independence in 1960 and particularly 1970s but has being commonly non successive because
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free life while helping them develop their strengths through educational and vocational rehab. Implementing programs such as GED classes‚ money management skills and trade programs such as electrical‚ plumbing‚ HVAC courses and more will help us to accomplish this goal. Programs Offered Continued Education Our Continued Education Program provides veterans with the opportunity to further their education. Tutoring is available as needed. Vocational Training Our goal is to improve
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REPUBLIC OF THE PHILIPPINES ILOCOS SUR POLYTECHNIC STATE COLLEGE COLLEGE OF BUSINESS MANAGEMENT NORTH CLUSTER STA. MARIA‚ ILOCOS SUR IN PARTIAL FULLFILLMENT TO THE REQUIREMENTS OF THE SUBJECT BUSINESS MATH PRESENTED BY: MONICA D. APALLA BSHRM 1A PRESENTED TO: MR. MARVIN GALCON SUBJECT INSTRUCTOR PROBLEM SOLVING INVOLVING INTEREST 1. You put $1000 into an investment yielding 6% annual interest; you left the money in for two years. How much interest
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Maximizing Profits in Market Structures Competitive markets‚ monopolies‚ and oligopolies play a big role in the economy. We will be discussing the characteristics‚ price determination‚ output determination‚ barriers to entry‚ and the role in economy of each market structure. In a competitive market there are many firms that supply the same product‚ such as local gas stations. Mankiw (2007) stated‚ “You may recall that a market is competitive if each buyer and seller is small compared to the size
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gov/CurriculumFrameworks/Business/advertising.pdf Name of Course: Profit and 4 P ’s of Marketing Unit: 1 and 2 Knowledge Item: 1.15 and 2.3 Page: Unit 1 Pg. 206. Unit 2 Pg. 208 Title of Lesson: Profit and the four P ’s of marketing. Objectives for Lesson:  Define profit.  Define the four P ’s of marketing.  Use information to answer questions about the 4 P ’s of marketing. Content Information: Defining profit: Profit is the surplus of revenue generated over expenses
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