The Prison System- A “Market” for Profits Joseph Hallinan’s analysis‚ “Going Up the River: Travels in a Prison Nation‚” helps to discern that the insatiable drive for profit is the prevailing reason for continued growth of the prison industry in the United States. Public values based on this drive have been supported by the avocation of a “free-market” model and capitalism in the prison system: “According to this ideology every individual pursues his or her own personal interests and the result
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How a bank makes profit-an interesting primer by vinayak date. ‘Trust’ bank has opened 10 branches and has become operational on 1/4/2009.on 31/3/2010 it has total deposits of rs 1000 crores. Equity capital of rs. 100 crores divided in 10 crore shares of rs. 10 each. Given this basic data let us try working out basic parameters of banks business ‚ with certain assumptions‚ to keep things simple. Cost of funds----- Analysis of Deposit mix-4o% casa deposits. Of which 25%savings deposits
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If you are starting out in a new business‚ especially a service/manufacturing business‚ understanding the cost accounting system and which cost accounting system will work best for your company‚ is the first step to being successful. Once you find someone to help you navigate those waters‚ let them help you sail the rough seas of direct and indirect inventory‚ direct and indirect labor costs‚ and how to allocate factory overhead as well. While it all may sound confusing‚ having the right person
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Definition and explanation of mixed or semi variable cost: A mixed cost is one that contains both variable and fixed cost elements. Mixed cost is also known as semi variable cost. Examples of mixed costs include electricity and telephone bills. A portion of these expenses are usually consists line rent. Line rent normally is fixed for each month. Variable portion consists units consumed or calls made. The relationship between mixed cost and level of activity can be expressed by the following equation
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for $ 3900‚ 3 with unit variable costs of $ 1‚800. Projections made by an independent marketing research firm indicate that the DC6900-X 4 would achieve a sales volume of 500‚000 units next year‚ in its first year of commercialization. One-half of the first year’s 5 volume would come from competitors minicomputers and market growth. However‚ a consumer research study indicates 6 that 30% of the DC6900-X sales volume would come from the higher priced DC6900-Omega
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Definition: A firm pursuing a cost-leadership strategy attempts to gain a competitive advantage primarily by reducing its economic costs below its competitors. If cost-leadership strategies can be implemented by numerous firms in an industry‚ or if no firms face a cost disadvantage in imitating a cost-leadership strategy‚ then being a cost leader does not generate a sustained competitive advantage for a firm. The ability of a valuable cost-leadership competitive strategy to generate a sustained
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product costs are the direct materials‚ and manufacturing overhead that are involved in acquiring or making products. Products costs are assigned to an inventory account on the balance sheet and considered to be assets. When the goods are sold‚ the costs are released from inventory and are recognized as expenses in the income statement. Period costs are all the costs that are not included in product cost‚ such as advertising‚ executive salaries‚ and other nonmanufacturing costs. These costs are expenses
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different types of beans”. In order to eliminate the error of selecting more than 3 types of beans‚ a pick list was designed in cells B3 to B5. Cells C3‚ D3 and E3 to Cells C5‚ D5 and E5 are also link to a Match function which selects the right Weight‚ Cost and Sale Price from “BRAZIL BEANS sheet” as this prevents human intervention which may leads to transposition errors when copying between sheets. “Each box ordered must contain 20 bags of coffee or less”‚ in cell F9 I have incorporated a flag to identify
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AIRLINES Presented by: Allan Abutin Rick Boone Peter Bond Bethany Lam Phuong Nguyen A. EXECUTIVE SUMMARY Southwest Airlines has been serving its customers since 1971 and has focused its business on convenience‚ customer service and low-cost flights. From the outset‚ the two founders were dedicated to success and the company has taken many steps since then to accomplish this. Through the use of technology‚ strategic placement of travel routes and keeping the business person in mind‚
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Patients versus Profits at Johnson & Johnson: Has the Company Lost its Way?: Knowledge@Wharton ( http://knowledge.wharton.upenn.edu/article.cfm?articleid=2943) Patients versus Profits at Johnson & Johnson: Has the Company Lost its Way? Published : February 15‚ 2012 in Knowledge@Wharton For a corporate icon long held up as the gold standard in business ethics‚ Johnson & Johnson has suffered some stunning setbacks in recent years. Among the headaches: a seemingly endless string of product recalls
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