603+ documents containing “practice calculations”.
Problem 12-34-1. Gross margin is calculated as gross profit / revenue.
12,000 / 32,000 = 37.5%
17,600 / 88,000 = 20%
56,000 / 280,000 = 20%
63,000 / 144,000 = 43.75%
The product that is the most profitable is Product D.
2. The best way to start this question is to figure out the price and COGS per unit for each product. For Product a, the price was $32,000 / 2900 = $11.03 and the COGS per unit is $6.89. For Product B, the price per unit is $20.46 and the COGS per unit is $16.37. For Product C. The price per unit is $51.37 and the COGS per unit is $41.10. For Product D. The price per unit is $90 and the COGS per unit is $50.63.
The next step is to produce an income statement for each customer type.
The most profitable customer is….
2. The manager's tabulation is incorrect because the manager has set $2 as the fixed cost per unit. This is only true at the 200,000 unit level. At the other levels, the fixed cost per unit will be lower, as fixed costs do not increase with production volume.
6-47. 1. In order to make this assessment, Dana needs to calculate which method is cheaper. The accounting for producing the parts itself has been noted as $1,100,000, which equates to $22 per unit. The cost of the units from the other company is $20, but fixed costs will still be incurred. The fixed costs are $300,000 less the $150,000 that will be saved, so $150,000. For 50,000 units, this is $3 per unit. Thus, the total cost per unit will be $20 + $3 = $23. This is higher than it would cost Dana to produce the units itself -- in….
The passenger miles would be (1,500,000 * 1.1) = 1,650,000. The revenue per passenger mile would be $0.20 -- (.08*.2) = $0.184
So the actual revenue was (.184)*(1,650,000) = $303,600.
Now we can calculate Flex for Actual Level, the third column. This is based on the flex budget figures, which were $0.20 in revenue per passenger mile. Variable expenses were 195,000 / 1,500, 000 = $0.13 per passenger mile in the flex budget. Fixed costs were $80,000 and that should not change.
The results Flex for Actual Level shows that the actual performance was lower than what would have been expected given the actual sales levels recorded and the figures listed in the static budget. This is to be expected, because the actual revenue per passenger mile was decreased in order to achieve those higher passenger mile figures.
The columns 2 and 4 can now be filled in, according to the formulas presented….
3) to determine if the firm should increase market share by lowering the price, total revenue must be considered. At $5.00, the firm sells 17650 units for total revenue of $88,250. At $4.99, the firm sells 17,692 units for a total profit of $88,283.08. Thus, the firm gains addition revenue by lowering its price to sell more units, at least to a point. At some point, lowering the price will result in a decrease in total revenue.
4) to calculate the portion of sales that is reliant on the independent variables, set the variables to zero. The sales remaining will be the portion that is not dependent on these variables. The base market is negative in total, so these variables determine all of the sales. To determine how much each individual variable contributes, they can be set to zero one at a time. Thus, there are 38,650 potential sales available if….
Under the first scenario, the ideal price point is only the maximum profit point for children, but it not for adults.
Chapter 11, p. 449, Q2.
An adverse selection problem is defined in the textbook as "a situation resulting from asymmetric information in which parties may not come to an agreement on a transaction because of distrust on the part of the party with incomplete market information…" in the scenario presented, the credit card company would normally set credit rates based on the creditworthiness of the customer. Because the credit card company cannot do this, it must find a price point that will allow it to generate a profit commensurate with the risk it undertakes. The problem is that consumers with good credit may find these rates unpalatable if they know their own worth in the credit markets. Good consumers may therefore avoid the credit card companies, leaving only the bad….
4) Consider a firm that has just built a plant, which cost $20,000. Each worker earns $5.00 per hour.
Based on this information, fill in the table below.
Number of Worker Hours
In the example above, what price must the firm receive in order to keep producing in the short run?
The price the firm must receive in the short run is the price that covers the variable cost, so the firm must receive at least $5 per unit in the short run. In the long run, of course, the firm has to pay down the $20,000 facility.
In the example above, assume that there is a maximum of 350 worker hours available (that is, there are no possibilities beyond the 350 worker hours shown in the table). What product price must the firm receive in order to remain in this industry in the long run?
In the long run, the firm needs to….
Sources are not necessary on this test and personal observations are fine.)
A good example of this is with gas stations. Gas stations have tremendous market power. This is mitigated only somewhat by consumer knowledge and the time lag between price signals from the stations and consumer decisions (i.e. buying a car with better mileage). Gas stations know that if the price of crude is rising, they are in a better position to increase their prices. The cost of the gas they are selling may have been low -- purchased several months prior -- but this asymmetry of information provides them an opportunity to leverage their pricing power to increase their profits.
10) Describe at least two examples unique risks facing a multinational corporation that are not risks for a small local firm. For each risk, describe an action that a multinational firm might take to decrease its exposure to the risk.
A multinational faces a number of risks. Currency exchange rate risk is one -- MNCs do business in a number of currencies. When the value of those currencies changes, so too does the value of the costs and revenues of the MNC. There are a number of ways that MNCs decrease exposure. When possible, they do business in their home currency (for example an American firm insisting on selling in U.S. dollars). There are also hedging mechanisms such as forwards, futures and interest rate swaps that can lock in future prices, reducing the firm's exposure to foreign currency exchange risk.
MNCs also face challenges with respect to political risk. In other countries, adverse political actions can be less predictable than in the home country where the company knows the laws and may have good contacts in government. This risk can be minimized by taking on local partners, winning influence with the foreign government or gaining legal representation in the foreign country.
change: for question 4e, find the new equilibrium P. And Q, but you do NOT need to answer the questions - What is the effect on supply?
Chapter 3,-Page 71 Number 6.
Q=200-300p+120i+65t-250 Ac+400 Aj
3750 + 4000 = 5100 cups demand curve Q=200-300P+120(10)+65(60)-250(15)+400(10)
The effect is to raise the y-intersect of the demand curve by 5000 units, but not to change the slope of the demand curve.
She would have to expend $3,125 to counteract the competitors advance.
Chapter 4,-Page 106 Number 6.
=%change in quantity / percentage change in price
will revenue increase
Yes -- revenue will increase. Why?
The initial condition, with price at 70, yields 70(4000)=280000
The next condition, with price at 63, yields 63(5000)=315000
4) Chapter 4,-Page 107 Number 15.
b. Sales of chocolate syrup increased because chocolate syrup is a complementary good to vanilla ice cream. The more people eat vanilla ice cream, the more they eat chocolate syrup. You would measure….
So for the 70,000 units completed in July: (70,000)(15 + 10.65) = $1,795,500
2. The ending works in progress is 20,000. The total cost should be (20,000)(25.65) = 513,000
Note: These figures represent the total cost of the goods, not the total cost in July of the goods. The question is worded a little bit funny so I wasn't sure which one it was intended to be.
DM Inv, 2010
DM Inv, 2011
2. The WIP inventory at the end of the month would reflect the following:
Beginning WIP 12,000 + 50 + 25 + 55 = 142
Less completed orders (72,000) + (56,000) = 128
So Ending WIP inventory = 142 -- 128 = 14
Cost of Goods Sold
1.a) September 30 would be jobs 53,61,62,71,81 so 200 + 115 + 180 +….
b) 1) ($20-$5) = $15; $1,200,000 / 15 = 80,000 units
2) if the company wants to sell just 70,000 units, then the price needs to be calculated again using the same formula as was used above:
70,000P -- (70,000*5) -- 1,200,000 = 0
70,000P = 1,550,000
P = $22.15
c) 1) This question is a bit silly. The formula would have one variable, x, to represent both the old and new sides:
19x -- 5x -- 1,200,000 = 20x -- 8x -- 840,000
14x -1,200,000 = 12 x -- 840,000
2x = 360,000
x = 180,000 units should give the same level of profit for either plant. The profit at this level would be:
19(180,000) -- (5)(180,000) -- 1,200,000 = $1,320,000
2) the formula for the degree of operating leverage is: % in EBIT / % in sales. The best to calculate this is to start by computing the profit for the….
beta statistic is a coefficient of risk that investors use in order to determine whether or not an equity security is more or less risky than the market. This, in turn, is used to decide the ideal rate of return that the issue should maintain in order to warrant investment. If beta is one, then an issue is as risky as the market, and if it is zero, it is as risky as a risk-free rate that is usually represented in practiced by 30-year treasury bonds. The required rate of return on equity is always simply beta multiplied by the difference between the market's rate of return and the risk-free rate, added to the risk-free rate.
In modern portfolio theory, beta is often thought of as a measure of risk that cannot be eliminated through diversification. Beta statistics are determined for sectors and industries because portfolio managers often favor broader….
[Book Manusript Draft]
The New Business Environment
Expansion and Benhmarking
Nature of Human Behavior
Human Networking & Human Capital
Rules and Priniples of Management
Total Quality Management
Strategi Management Rooted in Eduation
Change in Today's Organization
Tehnology to Enable Strategi Management
Strategi management is an elusive term that has as its basis various theories of leadership and the assoiated various fators that omprise the leader that is effetive in leading the organization to suess. This hapter provides a review of previous examinations of leadership theory and the formation of leaders in today's organizations as well as providing a brief review of the fators that impat strategi leadership in the organization. This hapter sets the stage for a study of what fators and elements serve to formulate, affet, and drive strategi management within the organization and more importantly how these fators, elements, and drivers affet strategi management in the globalized and highly tehnologially enabled ontemporary….
cited in the work of Dumdum, Lowe, and Avolio (2002).
Transformational leaders have been found to be more effective and under analysis possess certain factors including higher levels of morality and of self-sacrifice and ethics. Transformational leaders empower and motivate those whom they lead and put their own interests aside placing the group interests first. The most effective leaders are those with transformational and transactional leadership skills. There are various models of leadership that are used by today's strategic management in the organization.
The following chapters in this book will delve into these various leadership styles, which include but are not limited to such as transformational, transactions, contingency, and other models of leadership that are effective in leading today's organizations. These leadership models can be used singularly or in combination as effective forms of leadership in the organization. Charismatic leadership is another leadership model that is very similar to the transformational leadership model and is one that is comprised by the combination of the capacities of the leader including such as self-confidence and moral conviction as well as in the capacity to articulate goals and visions for the organization.
Leadership theory was first researched around 1910 in the attempt to ascertain what traits of personality, intelligence or other factors were associated with those who lead in order to distinguish the qualities of future leaders. However, researchers in 1948 determined that there were not any specific common traits that could be used to define leaders. Following World War II other researchers set out to attempt to determine the various types of leadership styles or behavior that could identify leader and provide insights for effectiveness of leaders. These studies were such that made predictions about the relationships between certain leadership styles and productivity however, these studies were again unsuccessful in providing an explanation for the effectiveness of leadership.
Research conducted later started by examining leadership styles as a function of performance and was focused on an examination of the interactions between leaders and those whom are being led. The primary focus in the late 1980s was the contingency model approach and which emphasized the significance of any given situation including such as the nature of the environment, the nature of tasks, as well as power distribution based on power theory in which the functions of leadership take place. This was the dominant theme in theories including Fiedler's Theory, the Vroom and Yetton's Decision Theory and the Path Goal Theory. It was noted that each of this theories are leadership-oriented theories since the focus is the actions and attitudes of the leader.
Instrument Measures Nurse Practice
In a hospital or any medical care setting, nurses make up the majority of the environment, and are the backbone of facilitating patient care between physicians. However, between meeting the demands of the patients and following through doctors' orders, the roles nurses play are a high-stressed one, which influences on his or her overall well-being. The purpose of this paper is to display the findings from a study led by Pisanti (2008) regarding the relationship between nurses and their abilities to cope with environmental demands with the use of the Occupational Coping Self-Efficacy for Nurses (OCSE-N) Scale.
In order to gain a better understanding about the investigation, it is significant to comprehend about the foundation on which the study was based on, which is the Lazarus cognitive-medication theory of stress and Bandura's social cognitive theory. The former is about certain cognitive appraisals regarding one's work provokes stress and….
Few issues could be more important in this era of school shootings and violence. Therefore, it is positive to note a Very Good rating directly on the mark, the best overall composite score of the five scales considered here. This denotes that the schools observed have done relatively well in preventing security breach of staff or student property, that vandalism and destruction of school property are effectively prevented, that the grounds are kept in presentable condition, that a school is a generally safe environment for all in attendance and that the school provides a fair and reasonable regulatory atmosphere for learning.
Based on the findings from this module, it would make a great deal of sense to initiate a school-wide Positive Behavioral Support System (PBSS). It bears noting that while instructors felt that they were doing a positive job of supporting student needs and that the environment itself….
Baldwin, S.C.; Buchanan, a.M. & Rudisill, M.E. (2007). What Teacher Candidates Learned About Diversity, Social Justice, and Themselves From Service-Learning Experiences. Journal of Teacher Education, 58(4), 315-327.
Loveless, T. (1999). The Tracking Wars. Brookings Institution Press.
U.S. Office of Special Education Programs (OSEP). (2008). Social Skills Instruction. CPACINC.org.
University of Kansas. (2011). Teaching Self-Management Skills. http://www.specialconnections.ku.edu
Teen Plastic Surgery: A Controversial Medical Practice
According to the American Society of Plastic Surgeons, in 2007, more than 87,000 teenagers had cosmetic surgery; and that number has grown exponentially since. Although aesthetic cosmetic surgery is popular amongst United States teens, physicians and plastic surgeons worry that such invasive surgery on teens' still growing bodies can be dangerous. Other developed countries, including Germany and Australia, are considering banning all but medically necessary plastic surgery for anyone under the age of 18. However, the question remains, if such a measure were taken like that in the United States for minors stem the tide of teenagers going under the knife? This paper will address the controversy associated with teenagers and aesthetic cosmetic surgery in the United States, and the business of plastic surgery for teens, from a legal, ethical, and social responsibility standpoint.
In a country, and dare say a world where image….
Ali, K., & Lam, T. (2008). Teens under the knife: Is plastic surgery too dangerous for teens? Current Events, 108(1), 7-14.
American Society for Aesthetic Plastic Surgery (2003). National totals for cosmetic procedures. Cosmetic Surgery National Data Bank.
www.surgery.org/download/2003-stats.pdf:10. Accessed 25 July, 2011.
Bourdieu, P 1977, Outline of a Theory of practice, Cambridge University Press, Cambridge.
These benefit the local company as well as the entire region.
Leverage financial and other investments in the community. ecause nonprofit organizations mobilize vast reserves of goodwill, corporate investment in the community can have tremendous reach in building a better corporate profile and in strengthening public support of the private sector. (Kanaga, 1998)
The work of Nae and Grigore (nd) entitled: "An Overview of European Multinational Corporations" the social and political changes brought about by globalization have raised new questions as well as expectations about governance and social responsibilities. More and more companies of all sizes and sectors are recognizing the importance of their role in society and the real benefits of adopting a proactive approach to Corporate Social Responsibility (CSR)." (Nae and Grigore, nd)
V. FIDUCIARY DUTIES as a GUIDE to ETHICS
The work of Young (2007) entitled: "Fiduciary Duties as a Helpful Guide to Ethical Decision-Making in usiness" states that the….
Charoenpong, Kittiyaporn (nd0 Technology Effect on Ethics in the Workplace. Dusit Thani College Academic Resource Center. Web Opac. Online available at http://lib.dtc.ac.th/article/dtc/0007.pdf
Okpara, J.L. (2003) Can Corporate Ethical Codes of Conduct Influence Behavior? (an Exploratory Study of Financial Managers in a Developing Economy. XI International Conference Brussels, Belgium July 11-13, 2003)
Kanga, W.S. (2004) Corporations Must Act Ethically CIPE's Board of Directors, delivered in Bucharest in 1998 at a conference on the "Role of the Corporation in Today's Society. Economic Reform Today. No. 1 19999. Economic Reform Today. http://www.cipe.org/publications/ert/e31/e31_1.pdf
Fiduciary Duties as a Helpful Guide to Ethical Decision-Making in Business (2007) Journal of Business Ethics 74:1-15 DOI 10.1007/s10. Springer 2007.
Business - Advertising
Problem 12-34-1. Gross margin is calculated as gross profit / revenue. Product a Product B Product C Product D Gross Margin 12,000 / 32,000 = 37.5% 17,600 / 88,000 = 20% 56,000 / 280,000 = 20% 63,000 /…Read Full Paper ❯
Business - Management
33% 400000 53.33% 480000 53.33% FM 125,000 125,000 125,000 FSA 25,000 25,000 25,000 Net Income 170,000 28.33% 250,000 33.33% 330,000 36.67% 2. The manager's tabulation is incorrect because the manager has set $2 as the fixed cost per unit. This is only true at the 200,000 unit level. At…Read Full Paper ❯
The passenger miles would be (1,500,000 * 1.1) = 1,650,000. The revenue per passenger mile would be $0.20 -- (.08*.2) = $0.184 So the actual revenue was (.184)*(1,650,000) =…Read Full Paper ❯
Business - Advertising
3) to determine if the firm should increase market share by lowering the price, total revenue must be considered. At $5.00, the firm sells 17650 units for total revenue…Read Full Paper ❯
Under the first scenario, the ideal price point is only the maximum profit point for children, but it not for adults. Chapter 11, p. 449, Q2. An adverse selection problem…Read Full Paper ❯
4) Consider a firm that has just built a plant, which cost $20,000. Each worker earns $5.00 per hour. a) Based on this information, fill in the table below. Number of…Read Full Paper ❯
change: for question 4e, find the new equilibrium P. And Q, but you do NOT need to answer the questions - What is the effect on supply? 0=3000-10p p=300 0=-1000+10p 1000=10p p=1000 3000-10p=-1000+10p 4000=20p p=200 3500-10p=-1000+10p 4500=20p p=225 Chapter 3,-Page…Read Full Paper ❯
So for the 70,000 units completed in July: (70,000)(15 + 10.65) = $1,795,500 2. The ending works in progress is 20,000. The total cost should be (20,000)(25.65) = 513,000 Note: These…Read Full Paper ❯
Business - Advertising
b) 1) ($20-$5) = $15; $1,200,000 / 15 = 80,000 units 2) if the company wants to sell just 70,000 units, then the price needs to be calculated again using…Read Full Paper ❯
beta statistic is a coefficient of risk that investors use in order to determine whether or not an equity security is more or less risky than the market.…Read Full Paper ❯
Business - Management
Strategi Management [Book Manusript Draft] The New Business Environment Globalization Expansion and Benhmarking Organizational Mission Nature of Human Behavior Human Networking & Human Capital Rules and Priniples of Management Total Quality Management Innovation Cultural Barriers Strategi Management Rooted in Eduation Change in…Read Full Paper ❯
Health - Nursing
Instrument Measures Nurse Practice In a hospital or any medical care setting, nurses make up the majority of the environment, and are the backbone of facilitating patient care between physicians.…Read Full Paper ❯
Few issues could be more important in this era of school shootings and violence. Therefore, it is positive to note a Very Good rating directly on the mark,…Read Full Paper ❯
Health - Nursing
Plastic Surgery Teen Plastic Surgery: A Controversial Medical Practice According to the American Society of Plastic Surgeons, in 2007, more than 87,000 teenagers had cosmetic surgery; and that number has grown…Read Full Paper ❯
These benefit the local company as well as the entire region. Leverage financial and other investments in the community. ecause nonprofit organizations mobilize vast reserves of goodwill, corporate investment…Read Full Paper ❯