state or calculate Roma’s: a) Total Revenue. Revenue is the amount that a firm receives from sale of goods ‚ Roma earned $50000. b) Explicit costs. (Money she actually paid). Explicit costs represent clear‚ obvious cash outflows from a business‚ Explicit costs are the $150 printer lease and $1‚250 for paper‚ utilities‚ and postage. So explicit costs are $1‚400. In 2008‚ Roma was a schoolteacher and earned $40‚000 for the entire year. But she enjoys creating cartoons‚ so at the beginning of 2009
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Three graduates committed to exploring opportunities in entrepreneurship. They formed on-line retail seasonal holiday merchandise business. Kristin‚ one of the team members who had the financial background‚ gave several assumptions in terms of company’s operation cost for company’s additional profitability. A projected Income Statement gave the group confidence and they were committed to growing volume to generate a positive gross margin. But problems in cost calculation need to be tackled in order
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Companies like Apple‚ want to make as much money as possible. With both Apple and society being held responsible for the outrageous working conditions in the factories in China workers can be treated more like people. In the article “In China‚ Human Costs are Built into an iPad‚” Charles Duhigg and David Barboza argue that Apple and society are responsible for the repugnant conditions in China. In this article‚ the authors use facts‚ personal experience and a story about a worker from one of Apple’s
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I go to the beach‚ the opportunity cost is that I will not be prepared for the exam; likewise‚ if I study for the exam‚ the opportunity cost is that I will not be having fun at the beach. b) If I get a job after high school‚ the opportunity cost is that I will miss out on a college education; likewise‚ if I go to college‚ the opportunity cost is that I will not be making money‚ as I will not have a job. c) If I leave early for school‚ the opportunity cost is that I will not have
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more art‚ or some other objective. B-4 The absolute profitability of a segment is measured by the difference between the incremental revenues from the segment and the incremental (avoidable) costs of the segment. Consequently‚ to measure absolute profitability‚ one would need the incremental revenues and costs of the segment. B-5 The relative profitability of a segment is measured by the profitability index‚ which is computed by dividing the incremental profit from the segment by the amount of the
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1 The Fairness of Fair Value: SFAS 157‚ Irving Fisher and GECON Paulo Roberto B. Lustosa Professor ‚ University of Brasilia Abstract Fair value measurement is increasingly spreading in accounting standards. In February/2010‚ it was present in 61 FASB pronouncements. Such diffusion led to the issuance of SFAS 157 Fair Value Measurements‚ in which many prior definitions and measurement requirements‚ presented in other pronouncements‚ were replaced by a single standard on this subject. But the expansion
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Weekly Reflection Weekly Reflection Team B’s discussion of the week two objectives was enlightening. The objectives for week two include identifying production level to maximize profits‚ explaining balancing fixed and variable costs‚ and applying economic cost concepts in making business decisions. Comfortable Topics Discussing the objectives provides a clear understanding of the objectives for Team B members. The comfort level of the team during discussions resulted in comprehensible
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economy. a. What is the marginal opportunity cost of producing the second unit of clothing? 18-13= 5 The marginal opportunity cost of producing the second unit of clothing is 5 units of food. b. What is the total opportunity cost of producing two units of clothing? 22-13= 9 The total opportunity cost of producing two units of clothing is 9 units of food. c. What is the marginal opportunity cost of producing the third unit of clothing? 13-7= 6 The marginal opportunity cost of producing the third unit
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option analyzes conflicts of interest and behavior in a principal-agent relationship C. An agent-manager can never make bad decisions D. The difference between the value of one action and the value of the best alternative is called an opportunity cost 2) Book value‚ or net book value‚ refers to A. the statement of a firm Business - Finance FIN/571 Entire Course WEEK 1-6 ASSIGNMENTS‚ PRACTICE QUIZZES FINAL EXAM SCORED 97%+ Make sure that you register
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cQuiz #1 ECON 2001.01 Name: __________________________ OSU Email: _____________ 1. If resources are "scarce‚" it means that they: A) cannot provide enough goods or services to satisfy all human material wants and needs. B) have no opportunity cost. C) are probably not valued by consumers. D) have an unlimited supply. 2. An economy is efficient if it is: A) possible to produce more of all goods and services. B) possible to produce more of one good without producing less of another. C)
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