1. Basic Concepts Product cost = Direct Labor (DL) + Direct Materials (DM) + Manufacturing Overhead (MOH) Financial accounting Managerial Accounting + Sales + Sales - COGS - Variable Costs = Gross Profit = Contribution Margin - SG&A - Fixed Costs = Net Profit = Net Profit COGS (Cost of Goods Sold) is an “inventoriable cost” ( recorded in the Balance Sheet as inventory and expensed (Income Statement) when goods are sold SG&A (Selling‚ General & Administrative) are
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Term Paper Managerial Success Productivity is the essence of any work environment. Despite the type or arena of employment; workers produce something whether it is an object or an intangible item. Many occupational tasks are manual‚ clerical‚ or intellectual. Despite which type of task; a manager is responsible for the product‚ which is a large responsibility. Such responsibility necessitates skills such as goal setting‚ planning‚ implementing‚ and controlling. These four skills dictate the
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Managerial Roles Managers must wear many different hats in formulating and implementing task activities related to their positions. In an attempt to understand the diversity of hats managers must wear‚ Henry Mintzberg examined managerial activities on a daily basis. His study enabled him to identify ten different but‚ coordinated sets of behavior‚ or roles‚ that manager assume. These ten roles can be separated into three general groupings: interpersonal roles‚ informational roles‚ and decisional
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whether to go ahead with the Citic Tower II project or not. The following alternatives can be used to address the problem: NPV: Net present value (NPV) is defined as the total present value (PV) of a time series of cash flows. It is a standard method for using the time value of money to appraise long-term projects. The method is used for capital budgeting‚ and widely throughout economics‚ it measures the excess or shortfall of cash flows‚ in present value terms‚ once financing charges are met.
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Radicalesbians – The Woman-Identified Woman In their paper “The Woman-Identified Woman” (1970)‚ the collective Radicalesbians‚ much like Wittig will do in the following decade‚ focuses on the marginalized sexual standpoint of ‘women’ and ‘lesbian’ that emerge from the intersection of the personal and the political circa late 1960’s/early 1970’s. It is the agenda of the political environment of the day‚ Radicalesbians argue‚ that the former is policed in part by weaponizing the latter as a stigmatizing
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For far too long‚ the words "organized" and "clean" have been used synonymously and interchangeably. These two are not the same. At the most basic level‚ organization is essentially the way in which you structure and arrange things‚ while cleanliness pertains more to how you maintain it. These is the reason why I came up with four different types of people: the Perfective‚ Imperfective‚ Moderalist‚ and the Rebel. In this chapter‚ we will discuss these four to make you understand the type of people
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CHAPTER 6 MANAGERIAL DECISION MAKING AND INFORMATION TECHNOLOGY True/False Questions *1. Because everybody makes decisions everyday‚ decision making is easy. 2. Decision making is the process of identifying problems and opportunities and then resolving them. *3. The two categories of decision processes rely on either real or imagined problems. 4. A determination made from available alternatives is called a decision. 5. Johnne Morria works for a backpack manufacturer
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bound to hire and compensate the individual as directed by the U.S. Government Agency. The Requestor did not play any role in selecting the individual‚ who was appointed by the Foreign Country based on the individual’s qualifications. The individual being hired as a Foreign Officer does not relate to the Facility and the services that the individual will provide as Facility Director are separate and apart from those performed as a Foreign Officer – the individual is being hired pursuant to an agreement
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What is current market performance of Saxonville Sausage Company? What is the current environment in the markets that the company is present? The company predominantly used 3 sausage varieties viz. ‘Bratwurst’(70% revenue) ‚ breakfast sausages(20% of the revenues) and the Italian sausage ‘Vivio’(5% of revenue). Bratwurst and breakfast sausages were experiencing a flat growth which lead to a revenue decline . On the contrary ‚ the Italian sausage grew at a promising pace from 9% in 2004 to 15 %
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retailers assume that staff training starts the first day an employee arrives on the job. However‚ many industry professionals say that owners and managers should begin thinking about training before they even embark on the hiring process. Consider what types of people are most likely to thrive in your retail environment. Those are the people you want to make sure to hire in the first place: the ones who will fit in and be successful. Louisa Graves is the co-owner of CoffeeTrainers.com‚ a Los Angeles-based
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