Excel Assignment #2 Preparing a Contribution Margin Income Statement and Operating Leverage Summer 2013 1. Assume that a company is budgeting to sell 2‚500 units of a product at a selling price per unit of $32. The variable cost per unit is $26 and total fixed costs are $5‚000. REQUIRED Prepare a contribution margin income statement and calculate operating leverage. 2. Suppose the company is unsure exactly how many units they will sell. As such‚ their marketing department has provided
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Introduction Consumer Behavior is how consumers allocate their money incomes among goods and services. Each consumer has preferences for certain of the goods and services that are available in the market. Buyers also have a good idea of how much marginal utility they will get from successive units of the various products they might purchase. However‚ the amount of marginal & total utility that the people will get will be different for every individual in the group because all individuals have
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How Culture Affects your Business Ing. Mansoor Maitah Ph.D. How Culure Affects your Business The Reasons of Growing Interest in Culture Study 1) The globalization of business‚ 2) Quantum advances in telecommunications and data processing‚ 3) The formation of global alliances‚ 4) The growing diversity in the domestic workforce‚ 5) The increasing mobility of workforce worldwide. Culture Definition • Culture is the collective programming of the mind which • distinguishes the members of one human
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Discuss Your Goals For the Next Four Years and Comment on Your Post-College Plans "Next stop‚ 66th Street and Lincoln Center‚ " bellowed the cracked voice of the conductor over the loudspeaker. Those words rang in my ear like the notes of a familiar melody. Stepping off the number three train‚ I was immediately immersed in the scents‚ sounds and faces of my past. All the wonderful memories of those four years came rushing back into my mind as if they had just occurred. I was finally returning
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and me in many ways. The peer editing comments help me know what to change in my writing. When I read and hear other classmate’s essays and journals it gives a lot of information that I didn’t even know. When peer editing‚ it helps me understand what people think about my writing and how they think I can make it better. The comments that are given to me by the editor tells me what to change. Also when you peer edit‚ the editor tells you what grammar or spelling mistake you have made‚ so you can change
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QUESTIONS: (2-3) Little Books Inc. recently reported $3m of net income. Its EBIT was $6m‚ and its tax was 40%. What was its interest expense? ANSWER: Net Income $3 Million EBIT $6 Million Divided by 0.6 Less IBT $5 Million Income before Taxes $5 Million Interest Expense $1 Million **Interest Expense = $1M** (2-7) The Talley Corporation had a taxable income of $365‚000 from operations after all operating costs but before (1) interest charges
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How Smoking Affects Your Body There’s hardly a part of the human body that’s not affected by the chemicals in the cigarettes you smoke. Let’s take a tour of your body to look at how smoking affects it. Starting at the Top As a smoker‚ you’re at risk for cancer of the mouth. Tobacco smoke can also cause gum disease‚ tooth decay and bad breath. The teeth become unsightly and yellow. Smokers may experience frequent headaches. And lack of oxygen and narrowed blood vessels to the brain can lead to
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Compare and contrast the three categories of scope of charge to income tax A modern form of income tax was introduced into Federation of Malaya in 1947 by using the derived and remittance basis. Income Tax Act (ITA) 1967 came into effect has imposed world income basis on the resident company involved in specialized industries. Malaysia adopted a territorial and remittance. With effect of year of assessment of 2004‚ taxation basis amended to exempt income remitted into Malaysia from oversea. Until now
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Does Your Degree Affect Your Future Job? Everyone sets goals for themselves in order to attain the most important goal of all: to get somewhere in society. Many people believe the only way to get anywhere is to have a good job and to earn a lot of money from it. Nowadays‚ higher education is becoming a desirable quality employers like to see on their future employees’ applications. How much value does your degree hold in the eyes of your future boss? Opinions of the value of higher education vary
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even have any substantial Management content. Most people who work in business start off in a functional area such as Finance or Human Resources and are later promoted to a management position with little knowledge of what’s really involved. At this point they often decide to enrol for an MBA course in order to improve their management skills. However MBAs can also be useful to recent graduates and can reduce the time it takes them to achieve a management post. MBAs were first introduced in
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