Dora McKinney Hsm/260 Week 4 Instructor: Greg O’Donnell Fixed Costs‚ Variable Costs‚ and Break-Even Point Exercise 10.1 Month Meals Served Total Costs July 3‚500 $20‚500 Low August 4‚000 22‚600 September 4‚200 23‚350 October 4‚600 24‚500 November 4‚700 25‚000 December 4‚900 26‚000 High In dealing
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for (a*X^2) + (b*x) + c: >> syms a b c x % define symbolic math variables >> f = sym(’a*x^2 + b*x + c’); From now on we can use the f symbol to represent the given function. Evaluation of Symbolic Expressions The keyfunction subs (which stands for substitute) is used to replace symbolic variables with either new symbolic variables or with acutal values.
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Plant No. 2 1. Using budget data‚ how many Apple iPhone 4’s would have to have been completed for Danshui Plant No. 2 to break even? 2. Using budget data‚ what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) were allocated to planned production? What was the actual cost per unit of production and shipping. 3. Prepare a flexible budget for 180‚000 iPhone 4’s and calculate flexible budget variances using actual costs for August. 4. Estimate
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sheet? Explain. 7. “The variable cost per unit varies with output‚ whereas the fixed cost per unit is constant.” Do you agree? Explain. 8. Only variable costs can be differential costs. Do you agree? Explain. Part 2: Compulsory Section Problem 1 (15 marks) Richmond‚ Inc.‚ operates a chain of 44 department stores. Two years ago‚ the board of directors of Richmond approved a large-scale remodeling of its stores to attract a more upscale clientele. Before finalizing these plans‚ two stores were remodeled
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Inequality: Causes and Consequences Marcus Robinson Florida A& M University Inequality is the lack of equality‚ opportunity‚ treatment‚ or status. Inequality has been going on since World War II and began to rise in the mid 1970s. Many people in the world from the United States to the Caribbean have dealt with this problem. In this article it discusses the causes and consequences of inequality researches and examinations of sociologists and economists that go in depth of the social and
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so that Wilkerson had to match the low price to maintain its market share and sales volume. (3) Flow controllers The biggest characteristic of flow controllers is customized‚ so that they required more components and more labor than the other two products‚ as well as more production runs and shipments. Due to variety of product and competitors’ overlooking‚ the price rise did not have apparent effect on demand. 2. Given some of the apparent problems with Wilkerson’s cot system‚ should
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Li Social Theory Inequality: for Economic growth utilizing (Class‚ Gender‚ Education‚ Race) The similarities found within the theorists articles are primarily based on inequality. Various authors explain how it is reproduced and used for incentives. How that ties into the economic growth that can increase productivity through competition. Some of those sub-levels used to create those inequalities are: class‚ gender‚ race and education. The differences in inequality when race is applied
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In developing societies many idiosyncrasies structure the social congregation which has directly or indirectly led to gender inequalities. A plethora of literature is available on various aspects of gender but this particular study focuses on perceptive reality‚ an area which has not been addressed. This study is conducted in four categories of jobs viz.‚ education‚ media‚ administration and medicine & health to capture whether any difference exists between what is spelt out theoretically and
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discuss my knowledge of the term ‘Inequality’ and the examples and effects of this seen in the DVD “Making Social Lives: City Road”. The term inequality has many different meanings‚ however in the context we are looking at the term we know the definition to be; The difference people and societies and the division of income‚ rights and social acceptance. There are many examples of inequalities in the DVD “Making Social Lives; City Road” these are examples of Inequality in economics‚ social aspects and
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Inequality has risen across the rich world since the 1970s‚ as financial liberalisation and lower taxes‚ among other things‚ have fuelled a rise in the numbers of the very rich. But now‚ resentment over inequality is growing ever more vocal‚ even as the rich see the crisis erode some of their wealth. Is taxing the rich more heavily necessary to buy social peace? Or do adverse effects on entrepreneurship and innovation outweigh any such considerations? And should we be concentrating on particular
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