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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page 71 under the heading of - Determining what to research‚ and stop at the 8 questions. ‚ propose a research topic and Justify it choice. Proposed Research Topic: The Role and Impact of Microfinance Institutions on Ghana’s Economy. Topic Area: The topic is on Microfinance and the Impact It has on Ghana’s Economy. Microfinance is often defined as financial services for poor and low-income clients offered by different types of service providers. Microfinance encompasses
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of CFO’s recognition has not always been identifiable or appreciated by non-for-profit and profit organizations. May (2001) state that “CFOs are some of the most misunderstood people on the universe. Somewhere along the way‚ they got mistaken for accountants” (p. 12). As the position of the CFO continues to evolve‚ so will the expectations of the position and the need to communicate those expectations in the organization. “Twenty years ago‚ many CFOs were expected to know about finance and be able
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current global order‚ where the world has become a big village‚ consumers take a global look at the products and services in terms of price‚ quality‚ delivery and after-sale services. This trend has sown the seeds of competition in every sector of economy and banking sector is no exception to this event. Banking‚ the world over‚ has been changing at a spectacular pace. This change is due to multifarious factors like the need to be efficient in functions‚ thirst for becoming finance superpowers than
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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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Economies Traditional Economy‚ Command Economy & Market Economy Traditional Economy Definition A traditional economy is an economic system where customs‚ traditions and beliefs determine the goods and services created by the society. It is dependent on agriculture‚ hunting and gathering‚ fishing or any combination of the above. Also called a subsistence economy‚ it may involve use of barter trade instead of currency. Characteristics Traditional economies are often based on one
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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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given to the customer in the form of periodic payments. The commercial banks play an important part of economy when they are involved in bidding process of government securities. Various services and products provided by commercial banks such as car leasing‚ mortgage financing‚ credit cards etc provide easy accessibility of funds to the customers. Hence great deal of money circulated in the economy is contributed by the commercial banks. Commercial banks are also an important element in implementing
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Role of Voluntary Organizations in Community development in Nigeria Submitted by Ekweruo Chigozie Kenneth. Bsc. Pub.Administration & L.G Studies University Of Nigeria Nsukka ABSTRACT Community development entails the provision of infrastructural facilities to the people. The provision of these social amenities can be attained through a number of ways and/or organizations which includes‚ the government‚ community development associations‚ Voluntary Organizations. A Voluntary Organization or Volunteers
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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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