Assignment 2 (20 points) Assignment 2: Costs and Profit Instructions Save this file in your course folder‚ and name it with Assignment‚ the section number‚ and your first initial and last name. For example‚ Jessie Robinson’s assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day‚ be sure to save your
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Gross profit is a company’s residual profit after selling a product or service; it involves deducting the cost associated with the production and sales. To calculate gross profit it involves examining the income statement. In the income statement you take the revenue and subtract the cost of goods sold. This is also called gross margin and gross profit. Gross profit is needed in a company because it shows how efficiently management uses labor and supplies in the production process (Investopedia
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Philippines Analysis of Cost‚ Profit and Total Revenue Prepared by: Cajucom‚ Mary Jane Constantino‚ Georgia Escuadro‚ Abigail Ferry‚ Yasmin Joy Orobia‚ Maribel Lopez‚ Rannel Tumale‚ Mary Joyce Submitted to: Mrs. Gina Braga Accounting versus Economic Costs Economic costs Are forward looking costs‚ meaning‚ economist are in tune with future costs because these costs have major repercussions on the potential profitability of the firm. ● Opportunity cost‚ or costs that
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Costs associated with two alternatives‚ code-named Q and R‚ being considered by Lang Corporation are listed below: | | Alternative Q | Alternative R | Supplies costs | $ 64‚500 | $ 64‚500 | Power costs | $ 36‚500 | $ 21‚500 | Inspection costs | $ 11‚400 | $ 26‚300 | Assembly costs | $ 38‚600 | $ 28‚000 | | Required: | a. | Which costs are relevant and which are not relevant in the choice between these two alternatives? |
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to week or month to month) with Rent-A-Center in which she rented a bar and an entertainment center. She violated the terms of the rental agreement due to nonpayment and taking the furniture with her when she moved. Rent-A-Center filed a criminal complaint against Ms. Givens‚ in which Ms. Givens returned the furniture. Ms. Givens later filed a lawsuit against Rent-A-Center stating that they violated the Consumer Leasing Act. In regards to who wins the suit‚ Rent-A-Center would win. This is based
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Total costs of production (including a “normal” return on owners’ investment) per month are: C = 20‚000 + 50Q + 3Q2 a. Express total profits (() in terms of Q. b. At what level of output are total profits maximized? What price will be charged? What are total profits at this output level? c. What market structure did you assume? Why? d. Would your answers in b change if the market for sewing machines were competitive? How? (Specify price‚ quantity‚ and profit levels
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Assignment 2: Costs and Profit (20 points) In Section 2‚ you learned about costs and profit. Now‚ you’ll apply what you learned. 1. Choose a real or made up example of a company‚ and describe at least three variable costs the company has. (1-3 sentences. 1.5 points) soaring angels attire company’s first variable cost is shirts they customize shirts to whatever you want them to be but how many shirts you want tells them how much material they need. Same thing with the shoes they also customize
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Unit 543 COMPLETE: Assignments/Project RESEACH PROJECT WITHIN THE SERVICES FOR HEALTH AND SOCIAL CARE (cross reference to ERR) 1.1 Identify the area for the research project 1.2 Develop the aims and objectives of the research project 1.3 Explain ethical considerations that apply to the area of the research project 1.4 Complete a literature review of chosen area of research 3.1 Identify sources of support whilst conducting a research project 3.2 Formulate a detailed plan for a research project
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Crestfield Furniture Case Brief Marketing Strategy April 2‚ 2009 Prof. Carolyn Shiery Background Crestfield Furniture Industries Inc. was founded in early 1900’s By the Bates family‚ and is run by the 3rd generation today. In 2003 the fairly successful company enjoyed $75 million year-end net sales with a $3.7 million profit. Crestfield sells a high quality line of wood furniture goods‚ through high-end department (furniture) stores‚ as well as independent stores. The company remains
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Developing a Website for Furniture Arts Chapter 1 Introduction Furniture Arts has a problem in selling and advertising their products. They only use facebook to promote their artifacts. In developing an Online Ordering of Furniture Arts helps the clients in selling their products easily. It can also help in advertising their products online so that people who are interested in buying those items will see even though they are far from the commercial site. We will also put a map site so that the
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