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 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…...

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 / 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.

Problem 12-34

Product a

B

C

D

Price

$11.03

$20.47

$51.38

$90.00

COGS

$6.90

$16.37

$41.10

$50.63

Customer a

Customer B

Customer C

Revenue

$42,822

$141,384

$359,793

COGS

$25,322

$91,759

$278,319

Gross Profit

$17,501

$49,625

$81,474

Gross Margin

40.87%

35.10%

22.64%

The most profitable customer is…...

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.
a)

Based on this information, fill in the table below.

Number of Worker Hours

Output

Marginal Product

Fixed

Cost

Variable

Cost

Total

Cost

Marginal

Cost

Average

Variable

Cost

Average

Total

Cost

0

0

20,000

50

8

20000

20,250

5

5

10

20000

20,500

5

5

8

20000

20,750

5

5

6

20000

21,000

5

5

4

20000

21,250

5

5

85

1900

2

20000

21,500

5

5

71.67

1950

1

20000

21,750

5

5

62.14

b)

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.

c)

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…...

mla

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?
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 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.

250(5000)=400(Aj)

Aj= 3125

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

((x- 4000)/4000)/((70-63)/70)

((x-4000)/4000)*10=2.5

.25=x-4000/4000

1000=x-4000

x=5000

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.

a. 20

(3.5-3)/(3)

.20/.1666

- 1.25

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.

Problem 14-21.

Problem 14-21

1

2

3

4

DM Inv, 2010

8

8

5

2

Purchased

5

9

10

8

Used

7

11

7

3

DM Inv, 2011

6

6

8

7

Problem 14-22-1.

Goods Completed

72,000

WIP Inventory

72,000

Goods Completed

56,000

WIP Inventory

56,000

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

3.

Accounts Receivable

101,000

Sales

101,000

Cost of Goods Sold

72,000

Finished Inventory

72,000

Problem 14-25.

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…...

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…...

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 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.

Introduction

In a country, and dare say a world where image…...

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References

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.

Staff Education Program ChecklistThe Doctor of Nursing Practice (DNP) student is responsible for complying with the sites policies and requirements regarding the DNP project. The DNP student must follow the steps in the 2021 DNP Project Process Guide for students following the 2021 DNP Program of Study while working on the DNP project. The resources for the DNP project are located on the Office of Research and Doctoral Studies DNP Doctoral Study page.The DNP student must be actively enrolled in the doctoral mentoring study course shell (NURS 8702 or 8703) to participate in any activities related to the project.Staff Education Projects Staff education projects must align with the purpose of the project and project outcome identified on the Staff Education Site Approval Form. The project must follow the steps in the DNP Project Process Guide. Staff education may include nurse residencies, orientation, in-service education, and continuing education of professional staff.…...

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October 2021 1 Staff Education Program Checklist (October 2021) 5

Economic Value Added (EVA) Accounting Practice
Although Economic Value Added (EVA) is not a new concept in economics and financial theory and is based on the 19th century concept of "economic profit," it has only been widely adopted recently by business firms as an accounting practice. In this paper we shall describe what EVA is, and look at its pros and cons from the point-of-view of the company adopting the practice and the investors. We shall also discuss how EVA differs from some other emerging accounting practices and the major issues relating to EVA as compared to other commonly used accounting principles. Finally, the possible problems and opportunities that a company adopting EVA principles can face shall be examined.

What is Economic Value Added (EVA)?

Economic Value Added (EVA) is the after-tax cash flow generated by a business minus the cost of the capital it has invested to generate that cash flow. It…...

mla

References

Keen, Peter. (1999). "Economic Value Added.(EVA)" Every Manager's Guide to Business Processes. Retrieved on April 20, 2003 at   kel inen, Esa. (1998). "Economic Value Added as a Management Tool." Retrieved on April 20, 2003 at  http://www.evanomics.com/ http://www.peterkeen.com/emgbp007.htm 

Shand, Dawne. (October 30, 2000). "Economic Value Added." COMPUTERWORLD. Retrieved on April 20, 2003 at  http://www.computerworld.com/managementtopics/management/itspending/story/0,10801,53001,00.html 

Stewart, Bennet (1999) "What is EVA?" Stern Stewart & Co. Web site. Retrieved on April 20, 2003 at  http://www.sternstewart.com/evaabout/whatis.php 

This cost reflects both the time value of money and compensation for risk -- the more risk associated with a firm, the greater the firm's cost of capital.

CAPM
There are three models that can be used calculate the cost of capital for the firm. The first such model is the capital asset pricing model (CAPM). The CAPM formula is: E (rj )= RRF + b (RM - RRF). This means that the company's cost of capital is a function of the risk free rate, the market premium and the firm-specific risk. In CAPM, the firm-specific risk is based on the correlation of the company's stock price to the broader market, a statistic known as the beta.

Another method is the dividend growth model. In this model, the assumption is that a stock's value derives solely from the dividends that it is paying, or that investors assume it will pay in the future. It is assumed that investors will not pay for capital gains, because those are uncertain. The formula for the dividend growth model is:

source: Investopedia.

This model assumes that…...

mla

Works Cited:

Investopedia. (2011). Dividend discount model. Investopedia. Retrieved November 20, 2011 from  http://www.investopedia.com/terms/d/ddm.asp#axzz1eCRhOJF0

Christianity
THE ROMAN WAY

Rome exerted tremendous pressure on its colonies to conform, and do things in the Roman Way. When in Rome, one does as the Romans do. The Via Romana is a road referring to the Roman way. Rome conquered Alexander's vast empire and then imposed the Imperium (the imperial right to rule) upon the world. Religio-Romana refers to the Roman religion of paganism and polytheism. Roman religion. Romans are to practice Rome's religion without changing it. The Roman practices will be executed as they have always been since the beginning of Roman civilizations. This includes worshipping the Roman emperor as god. The political connection between Rome's religion and the people impose the belief and practice: Roman religion is the truth. Mos Maiorum refers to the living traditions. People are to live their lives according to Roman traditions. This is the daily life of Romans extant in the time of…...