...EGT1 Task 1 – Marginal Analysis The profit calculation of total revenue and total costs is Profit (P) equals total revenue (TR) minus total costs (TC) and focuses on maximizing this difference. Profit will be maximized when the total revenue, or the amount they would receive by selling that particular widget exceeds the total cost, or the costs associated with making this widget by the greatest amount. The greatest difference between these two is considered the profit.The profit calculation of marginal revenue to marginal costs is different where the company will compare the marginal revenue (MR) they would receive from selling one more widget to the marginal cost (MC) of producing that additional widget, and how much cost it would add to the total revenue and total costs. Profit maximization occurs when the marginal revenue received from the widget is the same as the marginal cost of producing the widget.Marginal revenue is calculated by dividing the change in total revenue (TR) by the change in quantity (Q) sold, which is calculated as ΔTR/ΔQ (MR = ΔTR/ΔQ) (Gish). Another way to figure marginal revenue is to take the total revenue of a particular quantity of widgets and subtracting the total revenue of one less widget. Quantity | TR | MR | 0 | $0.00 | $0.00 | 1 | $150.00 | $150.00 | 2 | $290.00 | $140.00 | 3 | $420.00 | $130.00 | 4 | $540.00 | $120.00 | 5 | $650.00 | $110.00 | 6 | $750.00 | $100.00 | 7 | $840.00 | $90.00 | 8 | $920.00 ...
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...T o B u i l d a F i r e AY HAD DAWNED COLD AND GRAY WHEN the man turned aside from the main Yukon trail. He climbed the high earth-bank where a little-traveled trail led east through the pine forest. It was a high bank, and he paused to breathe at the top. He excused the act to himself by looking at his watch. It was nine o’clock in the morning. There was no sun or promise of sun, although there was not a cloud in the sky. It was a clear day. However, there seemed to be an indescribable darkness over the face of things. That was because the sun was absent from the sky. This fact did not worry the man. He was not alarmed by the lack of sun. It had been days since he had seen the sun. The man looked along the way he had come. The Yukon lay a mile wide and hidden under three feet of ice. On top of this ice were as many feet of snow. It was all pure white. North and south, as far as D p J a c k L o n d o n 64 his eye could see, it was unbroken white. The one thing that relieved the whiteness was a thin dark line that curved from the pine-covered island to the south. It curved into the north, where it disappeared behind another pine-covered island. This dark line was the trail—the main trail. It led south 500 miles to the Chilcoot Pass, and salt water. It led north 75 miles to Dawson, and still farther on to the north a thousand miles to Nulato, and finally to St. Michael, on Bering Sea, a thousand miles and half a thousand more. But all this—the distant trail...
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...FNT1 Task1 Western Governors University FNT1 Task1 | Financial condition of Company G memo | | | Introduction: | Below is business memorandum to the CEO of Company G. Below is a chart that full meets the expectations of the task that was give. Each ratio is explained and the formulas used are listed along with the ratio finding. 1. That information is used to understand what our current trend and if it indicates a strength, weakness, no concern. Final Justification of identification of each ratio or trend as a strength, weakness, or no concern is given. 2. No outside sources where used to find the industry data quartiles because those numbers where already given on the attached “Statement Analysis Template Sheet” and we have assumed that the facts are current. | | | Ratio and what it measure | formula for calculating | current ratio finding for year 12 | year 11 | the industry data quartiles | This ratio is Up or down from last Year | Indicated and Justification | Measures a company's ability to pay its current liabilities with its current assets. | Current Assets/Current Liabilities | | | | Decreasing | WeaknessThe reason why this is marked as Weakness is because it falls below the top industry quartile of 3.1 and the middle industry quartile of 2.1. The 1.77 is above the lowest quartile of 1.4 but since this time last year the companies current ratio was 1.86 this shows a decline and therefore based on all the information give must be listed...
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...GKE1 Task1 Student 320979 A. One significant environmental factor in the development of the Egyptian society is the Nile River. The Nile River made it possible for the Egyptian people “to form the first nation by 3000 BCE” (The Gift of the Nile, n.d.) From its rise to its fall the Egyptian civilization depended on the Nile River. The Nile focus created a more positive point of view for Egyptian society “for it could be seen as a source of never-failing bounty to be thankfully received, rather than a menacing cause of floods” (Guisepi, n.d.). The Nile River flooded yearly when the snow melted off of the East African mountains. The violent flow of water would turn up silt, fragments of plants and soil, and deposit them along its banks. The nutrient laden silt allowed the Egyptians to plant and cultivate crops. This natural resource created a vital ecological dynamic that aloud them to build an empire around. The Nile River also provided them a way to transfer goods and connect with others. “These contacts spread certain Egyptian influences, notably in monumental architecture, to other areas” (Guisepi, n.d.). The Egyptian people used the environment along the Nile River to their benefit and not only developed the land, but their culture as well. B. The first reference to charioteers in the civilized world comes from Syria around 1800 BCE (Plubins, 2013). Over the next 400 years the advancement, “either by direct migration of steppe people or by diffusion,” (Plubins, 2013)...
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...COMPAIRING ARTISTIC PERIODS RENAISSANCE ART AND MANNERISM ART WESTERN GOVERNORS UNIVERSITY IWT1 TASK1 COMPARING ARTISTIC PERIODS The Renaissance period was from roughly the 14th century to the 17th century of the common era (CE) beginning in Italy later spreading throughout Europe. The word Renaissance comes from the original Italian word "Rinascimento" or "rinascere" which means "to be reborn" according to Harper (2012). The influence of the Renaissance movement can be observed in art, music, science, religion, politics, philosophy, literature, as well as other areas of intellectual inquiry. The Renaissance brought about a way of thinking focused on the bettering the person and having a well rounded and educated person in all aspects of the humanities as mentioned earlier. One theory as to the reason for this shift was the devastation brought on by the "Black Death" or Plague causing people to think more about their lives on Earth, as opposed to the afterlife or their spirituality (Wikipedia 2012). One distinguishing trait of Renaissance art is development and use of realistic perspective in paintings and renderings which more closely resemble how a natural scene or surroundings appeared. One such painting that demonstrates this perspective is "The San Zaccaria Altarpiece" by Giovanni Bellini (WGA, 2012 / Struth, 1995). The arch vaults and floor show a realistic perspective of how the Madonna and Saints may have actually appeared. Each of the characters within this painting...
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...Humanities RIWT Task1 Describe Dadaism Dadaism or Dada was developed during World War I. The movement was born, as they say, in Zurich by refugees from mostly Germany and France. Dadaism used visual art, literature such as poetry, theatre, and some graphic design. It was a protest against the war. Because of the horrific events going on in the war, Dadaists used everything from obscenities, scatological humor, visual puns, and any object that would do to thrash nationalism, rationalism, materialism and anything which they felt added to or contributed to the war. Dada used prefabricated materials such as photographs, paintings and mass-produced objects in their art works. They used the idea as much as the materials. An everyday object is turned into an art by object by placing it an artistic context. It disregarded tradition and the use of conscious form in favor of the ridiculous. The movement spread from Zurich to other parts of Europe and eventually New York City. The art form began to get serious consideration in the early 1920s. The Dadaism slowly faded. Describe Surrealism The dictionary defines Surrealism as “A style of art and literature developed principally in the 20th century, stressing the subconscious or non-rational significance of imagery arrived at by automatism or the exploitation of chance effects.” Surrealism was a movement in the 1920s, and is best known for the visual artworks and writings of the group members. Surrealist works feature the element...
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...JFT2 – Organizational Management: Task 1 A. Create an analysis document (suggested length of 3–5 pages) in which you do the following: 1. Illustrate how Bill Bailey, chairman of the board of the Utah Opera Organization, might use one theory of motivation to oppose or support the merger. Response: One theory of motivation Bill Bailey will use to support the merger by using Alderfer’s ERG Theory shown below. The definition of this theory is the following: Alderfer's ERG Theory: Three basic needs - existence, relatedness, and growth - influence behavior. (Alderfer, 1960) Bill Bailey will have to focus on motivating the executive committees of the Utah Opera organization. This will be accomplished first by stating the facts and benefits of the merging of both the Utah Symphony with the Utah Opera and the benefits of a combined entity of both organizations instead of two separate organizations to ensure the survival of both organizations. The declining funding resources from the public and private sector for both Opera and Symphony organizations in Utah are drying up. It's very important for Bill Bailey to work with the three parts of the ERG Theory below Existence - Bill Bailey's sole purpose in convincing the executive committee of the Opera House is to ensure that the merger is seen a positive merger, one that will help strengthen the Opera House to diversify its organization with the addition of a Symphony and additional venues and musical resources of musicians...
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...LIT1 Task 1 Part A SOLE PROPRIETORSHIP: A business that is owned by one person and is not incorporated. Sole proprietorships are easy to start. You don’t need a lawyer and you don’t need to register with the government except to obtain a business license or permit where required. * Liability: The owner is liable for all debts incurred by the business. His personal property can be attached. He is also responsible for any damage an employee may cause while working for him. * Income Taxes: The owner pays ordinary income tax on all profits. This can be an advantage because most of the time personal tax rates are lower than corporate rates. But, a sole proprietor will have to pay self-employment tax at a rate of 13.3% for the first $106,800 of income and 2.9% after that. The owner needs to register for an EIN (Employer Identification Number) if he will have employees. Payroll taxes need to be paid on employees. * Longevity/ Continuity: The business exists as long as it is financially solvent, the owner is alive, and the owner continues running the business. If the owner brings in another investor it becomes a partnership. * Control: The owner is solely responsible for all decisions concerning the management of the business. If they want to expand the business or end the business it's totally up to them. * Profit Retention: The owner keeps all profits and he also takes all losses. * Location: Different...
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...Running head: JFT2 Organizational Management – Task 1 JFT2 Organizational Management – Task 1 Charles Jorgenson WGU 1. Bill Bailey Motivational Technique Mr. Bailey could effectively use Vroom’s Expectancy Theory to motivate his organization to oppose the merger. Vroom’s Expectancy Theory can be summarized in this way: The probability of a person acting in a certain way depends on the strength of the belief that the action will create a certain outcome and the attractiveness of that outcome to the person (Lawler, 1973). This means that it is more likely that people will act in ways that they believe will produce positive benefits for themselves. In Mr. Bailey’s situation with the Utah Opera, the action is whether or not to support the merger and the outcome is the continued financial stability of the Opera. Mr. Bailey could contrast the Opera’s financial stability, flexible business model, and cash reserve with the Symphony’s financial troubles and union-locked business model. The logical result of this comparison would be that the Opera could only become less financially stable by a merger as the Symphony doesn’t have many positives to offer in that area. Using this technique would motivate the Opera to not support the merger as they would strongly believe the merger would leave them in a less desirable financial situation. The lack of attractiveness of this new financial situation would be hard to measure. One way to solidify its lack of desirability is to...
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...Helpful tips for GKE1 By Andrea Hall in WGU Students: ECE/Elem/Special Ed · Edit Doc -Don't try to find the information in the COS, you can waste hours and hours there. Find outside sources that help you make your specific points. -Do the tasks in whatever order is easiest for you. -Break each essay into parts, the graders don't care too much about cohesion between part A and part B. -"Discuss imperialism" means "explain how and why" (I spent a page discussing in and got it sent back--the first time they said "not enough info" and so I added even more, then they sent it back again and finally told me they wanted "how and why"). -"Diffusion" doesn't mean spreading out, it means "influence on" so "discuss the diffusion between your society and another" doesn't mean compare how the two different societies expanded, it means explain how your society had influence on the other one. -The word "justify" means give factual evidence. Helpful websites for Task 1: http://history-world.org/egypt_and_mesopotamia_compared.htm http://www.recoveredscience.com/const128mesopotamianinfluences.htm http://www.u-s-history.com/pages/h1583.html http://michael-streich.suite101.com/egypt-and-mesopotamia-compared-a151958. Helpful websites for Task 2: http://susanbanthonyhouse.org/her-story/biography.php. http://www.bbc.co.uk/history/historic_figures/mao_zedong.shtml http://www.history.rochester.edu/class/sba/third.htmlhttp://lkwdpl.org/wihohio/anth-sus.htm http://www.historylearningsite...
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...MEMORANDUM To: Shuzworld From: Farah Shekari, consultant Re: Maui Sandal Date: February 12th, 2012 Improve Work Flow In order to improve the current workflow in the plant, I recommend that Shuzworld’s Shanghai Production Facility (SSPF) should use the layout strategies (such as assembling balancing) method because of the nature of the issue. The objective of the layout strategy is to develop an effective and efficient layout that will meet the firm’s competitive requirements” (JGT2 power point presentation). There are many types of layouts but in the case of this task, the warehouse layout is most appropriate, the trade offs to address are between spaces and material handling, including the following: material handling equipment, capacity and space requirements, environment and aesthetics, flows of information, and cost of moving between various work areas. SSPF is budgeted to produce 6 work boots an hour, with a 40 hour workweek and currently 8 stations with 46 minutes performance time. By inputting the information into the layout strategies method, I conclude that SSPF can eliminate 3 of their workstations. Therefore, it will be 92% efficient with 50 minutes of time allocated, 4 minutes of idle time, and 10 minutes of maximum cycle time. Initial and Ongoing Costs for New Line Now, I would like to discuss the impact of coast on the decision to continue producing the new line. Based on the information provided, I have chosen the learning curve tool...
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...EXECUTIVE SUMMARY The purpose of the following report is to evaluate Competition Bike Inc. operations and the possible direction of the company in the next few years. Figures were obtained from comparative balance sheets and profit and loss statements from the relevant years as well as additional information that were forwarded for review. This information enabled the development of percentage and ratio analysis, which was then used to create the report. Administrative expenses were indirectly related to generating income. Managers usually have more control over administrative expenses than any other cost. In FY8 when net sales were down, managers had the ability to reduce expenses in this area more easily than in other categories. Administrative costs include professional services, annual meetings, meetings and travel, office supplies, and telephone and market information. The investigation for FY6, FY7 and FY8 revealed that the company had improved its position compared to previous years. The profitability of the company was significantly better while the liquidity had remained reasonably steady. The solvency of the company had increased, not affecting the long-term obligations of the business. Horizontal Analysis Income Statement Competition Bike sales and profitability has varied widely over the last three years. Net sales between FY6 and FY7 increased to 33% and subsequently falling to 15% between FY7 and FY8. The largest growth rate over the 3 years occurred in...
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...RISK REGISTER Risk One: Global Political Instability| Description:|As a global business, The Company travels to various countries where the political climate is not as stable as in the US. Should a State where The Company does business experience instability, it may become difficult to continue operations.| Owner:|The CEO would make the decision on whether to send staff or not to events in those places.| Source:|The source of political instability is hard to identify. One source is dissatisfaction of the people with the treatment they receive by their government. Governments that do not respect their citizens invite rebellion.| Likelihood of occurrence: |Medium: Several of the countries where The Company does business fall within the areas affected by the Arab Spring. As such the likelihood of some event happening is not unexpected.| Severity of Impact:|Medium: Should this event occur, program staff may not be permitted to travel to these places which could impact renewal rates for members in those countries.| Controllability:|Low: As a private, non-State entity, The Company has little control over the internal politics of a country. All the Company can do is ensure that it is complying with all local laws and are aware of the local customs and formalities.| Risk response:|Risk One: Political Instability – The Company will work to develop strong relationships with members of the host country and in countries where there is a risk, The Company will have a plan for...
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...One of the most important objectives of any business is profit maximization. The concept aids in the survival of the business, guarantees an increase in the return of its shareholders, and also prevents insolvency from occurring. In order for a business to understand profit maximization it must first comprehend the relationship between marginal revenue and cost. For a company to properly understand marginal revenue and cost, it would have to determine how it is related to total revenue (TR) and total cost (TC). The TR is the total amount of money that a firm gets from, selling their products; the calculation to determine total revenue is TR=price X quantity. Total revenue is not considered profit though. Profit is actually total revenue minus total cost (profit=TR-TC). According to the scenario of the chart below, Company A increases production and sales from 7 units to 8 units, the total revenue shows no increase. Total Revenue to Total Cost is cost, therefore following the scenario, the profit maximization occurred when 8 units were produced. The total revenue for the production of 8 units was $920.00, the total cost of producing those units was $380.00. If Company A continued increasing their level of output, ultimately costs would increase as well. Instead of looking for the largest difference between revenue and cost, now the purpose is to find when these two aspects of marginal analysis are equal. Marginal revenue to Marginal Cost is equal; MR=MC. Marginal revenue...
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...Private Investigators LLC Controls and Countermeasures Private Investigators Limited Liability Company (LLC) has a small office with one server and six workstations. This LLC partnership hosts its own website that allows clients to log in and enter case information. An evaluation of the network and security configuration to determine threats and weakness to the existing system has been completed. A list of the top five associated threats for the Server, Workstations, and Website are outlined below. The following memo discusses the likelihood of the threats occurrence and recommended security controls and countermeasures that should be used to mitigate these threats. Shown illustrated below are network drawings of the current configuration and a proposed security solution. The addition of a router, firewall, domain controller, and a DMZ will be discussed. Current business practices that allow user downloads, installation of software, lack of an application updates, and operating system patches policies will be discussed. A lack of security methods to provide Confidentiality, Integrity, and Availability (CIA) will be covered and the development of an Acceptable Use Policy (AUP) that includes training on the AUP will be laid out. A1. Server Threats 1. Malicious software (Malware): The introduction of computer viruses, worms, Trojan horses, spyware, adware, and rootkits can allow attackers to gain control on the device or computer. This allows attackers to steal, damage, or destroy...
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