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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1. [Sales Growth Rates‚ Sales‚ and Profits] Petal Providers Corporation opens and operates “mega” floral stores in the U.S. The idea behind the super store concept is to model the U.S. floral industry after its European counterparts whose flower markets generally have larger selections at lower prices. Revenues were $1 million with net profit of $50‚000 last year when the first “mega” Petal Providers floral outlet was opened. If the economy grows rapidly next year‚ Petal Providers expects its
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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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PROBLEM DEFINITION General Subject: Business Specific Topic: Computer Rental and Profit Monitoring System with Removable Disk Detector Main Problem: Poor billing/logging Specific Problem: Manual billing and logging has problems such as: * Difficuly to manage their business in doing a manual billing and logging in the log book * Wrong computations of profit * Inaccurate records of data Cause of the problem: * employee * Environment * Security * Resources Effects
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LUCAS ATIIRU ADITIBA MANAGEMENT INFORMATION SYSTEM ASSIGNMENT The role of management information system in contemporary business/organizations cannot be over emphasized. Discuss Management Information System (MIS) is a combination of tools‚ processes‚ and technologies that an organization deploys in order to gather relevant operating data and gain efficiency in internal processes. The system consists of tools and technologies‚ such as computer software and hardware‚ as well as technical personnel
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Chapter 1 The Goals and Functions of Financial Management Discussion Questions |1-1. |How did the recession of 2007–2009 compare with other recessions since the Great Depression in terms of length? | | | | | |It was the longest
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accessibility is much easier‚ since projects are executed by small firms or individuals‚ whose main concern is price‚ delivery time and proximity (because it’s a regional market)‚ making these the Key Success Factors (KSF). Besides‚ these contractors are free to choose the HVAC vendors‚ often still during construction or almost near its end. However‚ on the High-end market‚ it’s usually the architectural design firms that choose the HVAC vendors‚ when designing projects‚ way before actual construction
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with the acquisitions of Uncle Toby’s‚ Jenny Craig and Novartis Medical Nutrition giving them a strong competitive position in the market place through research and development. Below are the Financial Profitability Statement Ratios for 2006‚ 2005. Profit margin ratio = Net income measures net income in each sales dollar. Net sales Dec. 06 CHF Sales $98.5 billion – Expenses $1.5 billion = Net income $97.0 = 9.8% Net sales $98.5 Dec. 05 CHF Sales
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Chapter 1 Assuming the Role of the Systems Analyst Systems Analysis and Design Kendall & Kendall Major Topics • Information systems • Phases of analysis and design • System maintenance • CASE tools • Alternate methodologies SYTEM PROPOSAL (1 yellow pad) • • • • • • • COMPANY ORGANIZATIONAL CHART SIZE OF THE COMPANY: SME‚ LE CONTACT PERSON & JOB POSITION LOCATION PRODUCT/SERVICES OFFERED EXISTING SYSTEM – IDENTIFY THE SYSTEM USER (i.e. HR DEPARTMENT) ASSIGNMENT
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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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