The selling price and cost per unit are shown below: Selling price $200 Costs: Direct material $35 Direct labor 50 Variable overhead 25 Variable selling expenses 25 Fixed selling expenses 15 150 Unit profit before tax $ 50 Management is evaluating the alternative of performing the necessary customizing to allow Electron Control to sell
Premium Economics Business cycle Macroeconomics
DEVELOPING COUNTRIES PETER B. R.HAZELL* Agriculture and Rural Development Department‚ The World Bank Abstract: Multiple-risk crop insurance programmes have proven expensive to governments but have not lived up to their expectations. Many agricultural risks cannot be insured on a financially sound basis‚ but there is scope for increased insurance of farm assets‚ of the life and health of rural people‚ and of some specific perils that affect crop and livestock yields. Such insurance could be efficiently
Free Insurance
COSTING 6 6.3 PROFIT AND LOSS AND BALANCE SHEETS . Simple Financial Calculations . Analysing Performance - The Balance Sheet . Analysing Performance . Analysing Financial Performance . Profit And Loss Forecast . Profit And Loss Calculations . The Balance Sheet Exercise P 213 . Your books tell you what’s happened in the past. . Your cash flow forecast is about what may happen in the future. . What about now? How are we doing right now? For every single bit of goods or services you supply to others
Premium Generally Accepted Accounting Principles Asset Balance sheet
to have a reasonable knowledge of business and economic activities and accounting and a willingness to study the information with reasonable diligence’. Hence‚ there is an expectation that financial statements are not tailored to meet the needs of people who have not‚ in some way‚ studied financial accounting. Is this reasonable? Yes‚ it probably is. If financial reports/financial statements were to be prepared so that anyone would understand them‚ it would be necessary to include a great many
Premium Financial statements International Accounting Standards Board International Financial Reporting Standards
Economic Profit and Accounting Profit When it comes to business decisions‚ there are many ways to analysis the financial status of a firm. What guidelines determine profit margin? Who uses these guidelines? How is profit used to analysis a firm and its business decisions? This paper will discuss two terms that are used to define profit: accounting profit and economic profit. The first term is called accounting profit which uses the equa-tion. The second term for profit is economic profit. Economic
Premium Profit Marketing
1. Many companies in the service sector‚ large hotels and resorts for example‚ is implementing empowerment strategies to improve the quality of service provided to residents and guests. Search the internet for an example of such a company with particular emphasis on strategies used to empower front line staff. The basic source of providing competitive advantage and the customer satisfaction in the hotel enterprises is the employee. Empowerment applications play a significant role in increasing
Premium
Question1. Describe the concept of vision in an organisation with example. How is it different from mission statement ? A vision statement is a vivid idealized description of a desired outcome that inspires‚ energizes and helps you create a mental picture of your target. It could be a vision of a part of your life‚ or the outcome of a project or goal. Vision statements are often confused with mission statements‚ but they serve complementary purposes. Examples of vision statement The nature
Premium Management Leadership
EXECUTIVE SUMMARY The given report is a part- fulfillment of the training done at Kotak Mahindra Bank‚Agra as a management trainee. The study is basically confined to the banking industry. The aim of the study is to understand the products and services of Kotak Mahindra bank designed for the productive customers in retail banking‚ compared to the other public sector bank like Punjab National Bank (PNB). This study will help us apply our classroom learning to understand how things work practically
Premium Bank
a society with a higher quality of life. 3. A(n) ______________ consists of hardware‚ software‚ databases‚ telecommunications‚ people‚ and procedures. 4. Computer programs that govern the operation of a computer system are called __________. a. feedback b. feedforward c. software d. transaction processing system 5. What is an organized collection of people‚ procedures‚ software‚ databases and devices used to create‚ store‚ share‚ and use the organization’s experience and knowledge
Premium Database SQL Data modeling
Congratulations‚ you are now in charge of a $100‚000‚000 corporation. Your company manufactures sensors. Sensors are devices that observe physical conditions. Your sensors are installed into the products your customers sell. Sensors are everywhere. Almost any product that has an automated function requires some sort of sensor. Your company was created when the government split a monopoly into identical competitors. When the company was a monopoly‚ operating inefficiencies and poor product
Premium Product differentiation Marketing Positioning