Name: _______________________________ Final Exam Instructions A. You may use only a non-programmable calculator with a single line display, a 3 inch by 5 inch card with handwritten notes on each side, pencil(s), and eraser to complete this exam. You may not use books, other notes, communication devices, or help from anyone to complete this exam. Note the appendices at the end of the exam. B. There are three parts. Each part is worth ten points for a total of 30 points. Two of
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| Budgeting| RJET Task 2| C.Smith-Barber4/16/2013| A1. Budget Concerns A fiscal document used to plan future revenue and expenditures is a called a budget (Murray, n.d.). The overall process of whether or not the company can continue to run with the projected revenue and expenditures is called budgeting (Murray, n.d.). It is valuable because it helps an organization consume the inadequate financials and human capital for which is best to achieve current business opportunities. A
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Chapter 2- The Foundational 15 1. Direct materials $ 6.00 Direct labor 3.50 Variable manufacturing overhead 1.50 Variable manufacturing cost per unit $11.00 Variable manufacturing cost per unit $11.00 Number of units produced 10,000 Total variable manufacturing cost $110,000 Fixed manufacturing overhead per unit $4.00 Number of units produced 10,000 Total fixed manufacturing cost 40,000 Total product manufacturing)cost $150,000 2. Sales commissions
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1) How would you assess the overall validity of the Zipcar business idea? Zipcar is an overall strong business idea and Chase has the necessary dedication and base i.e. 250 members, 19 car fleet and approx. 22k revenue, to accomplish the target of additional $1.3million investment to strengthen her business however she needs to work on further exploiting the positive aspects of the idea and control negative points. Pros | Cons | * Strong target market (Boston) and expected demand scalability
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Module 3 – Assignment 5 Practice Case Examination Additional Information (Time Allowed: 4 hours) Notes: i) ii) iii) iv) Candidates must not identify themselves in answering the question. All answers must be written on official answer sheets or in official electronic files. Work done on the question paper or on the Backgrounder will NOT be marked. Included in the examination envelope is a standard supplement consisting of formulae and tables that may be useful for answering the question. Examination
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50 per patient. The Forecasted P&L Statement is shown below. Forecasted Columbia Walk in Clinic P&L Statement (For Year 2010) Total Revenues ($44.157 x 16,200) $715,356 Total Variable Costs ($3.50 x 16,200) $56,700 Total Contribution Margin ($40.657 x 16,200) $658,656 Fixed Costs $696,708 Profit $(38,052) Columbia Walk in Clinic Estimated Financial Data (For Year 2010) Number of Visits 16,200 Net Revenue $658,656 Net Revenue Per Visit $40.66 Salaries
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BYP 6-3 (a) When looking at types of cost for coca-cola sweeteners and packaging are a variable cost because the use is directly proportional to the amount of product produced. If the unit cost of a variable cost item increases, the contribution margin will decline. Therefore, if the company is looking to keep the net income higher they need to either increase price, the number sold or cut other costs (b) However, unlike variable costs, the relationship of marketing costs is not directly
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CHAPTER 19: QUALITY, TIME, AND THE THEORY OF CONSTRAINTS TRUE/FALSE 1. Shortening delivery times is a minor part of the quality improvement process. Answer: False Difficulty: 2 Objective: 1 Shortening delivery times is a major part of the quality improvement process. 2. ISO 9000 developed by the International Organization for Standardization is a set of five international standards for quality management adopted by more than 85 countries. Answer: True Difficulty: 2
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Introduction * Pestige Data Services (PDS) was a subsidiary of PrestigeTelephone (PT) Company.PDS -Data processing for the telephone companies & soldcomputer services to other companies. * Yet to experience profit. * Manager -More time required for business to become profitable. * President -Reduce the drain in company resources. Objectives * Analyze the results of operations. * Understand the economics of a business. * Forecast the potential change in income
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700 | =460(16)+370(50) =7,360+18,500 =$25,860This point is the optimal solution. | =460(40)+370(10) =18,400+3,700 =$22,100 | | 460Z+370Y Therefore, to maximize profits we must produce 16 units of Z and 50 units of Y for a total contribution margin of $25,860. To graph the optimal solution: 460Z+370(0)=25,860 Z=25,860/460 Z=56.22 460(0)+370Y=25,860 Y=25,860/370 Y=69.89 Question 3 Z=Sales-Cost Z=730-360 Z=370 Y=Sales-Cost Y=670-210 Y=460 Let Z= Number of units of product
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