problem of alcohol abuse, one needs to understand the elements of the economic way of thinking. Four elements are: principle of opportunity cost, which means what you sacrifice to get something. Marginal principle is another element, which includes marginal benefits that result from a small increase in activity and marginal cost, which is the additional cost resulting from a small increase in activity. The principle of voluntary exchange is another element of the economic way of thinking, which
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Main Points, Issues and Ideas of the article In today’s world, the competition is fierce and shareholders demand high return on investment. Thus, there is a need to maximize profitability. Increasing revenues while minimizing costs are ways to boost profits. The article “Managing Customer Value” suggests that customers might be the key to improve profits. Customers are assets to firms; they generate revenues. However, some assets generate more revenues than other. In order to foster maximum
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a medical group that expects a severe outbreak of the flu this winter. You hire additional staff to treat the patients and administer shots. Your special project budget was for 1,000 hours of part-time nurses’ services at $40 per hour, for a total cost of $40,000. It was expected that these nurses would administer 400 flu shots and treat 1,600 flu patients. The medical group typically charges $50 for a flu shot and $80 for treating a flu patient. Actually, the group had 1,200 patients who received
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Assignment: Cost Accounting Applied By George T. Neale Professor Bryan Womack Course Title ACC 350012VA016-1122-001 Cost Accounting February 26, 2012 Companies that are successful financially know what their costs are and how those costs are being spent. The company I have chosen wants to change from a general accounting system where costs are put in general categories and they currently do not have
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and slow. Technology was used to keep down costs by cutting out paper work and the administrative activity associated with it and saved significantly on these expenses. The alliance with Checkers and Pick Pay encouraged customers to perform cash withdrawals at point of sales terminal costs of R0.75 and clients were able to check their balances as it appeared automatically on the screen at no cost. This encouraged debit card use and lowered the security costs for Capitec. Capitec also launched mobile
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Level Material Cost Classifications Consult Ch. 6 & 7 of Health Care Finance and other sources to complete the form. This worksheet requires you to match the definitions and examples of types of cost, and the types of centers where costs occur. Part 1: For each term in Column A, select the correct definition from Column B on the right. Write the corresponding letter of the definition next to the term. a f 1. Indirect costs a 2. Direct costs d 3. Fixed costs i e h b
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with other products which the knowhow, For example: water filter is completely different in technology and manufacture rather than available in market Person Y: ok Person X: if you are going to have one day vacation in hurghada , how much does it cost you Person Y: 750LE
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sequencing, and the project’s milestone will also be summarized in this proposal. Estimated Cost Summary Hardware will need to be provided for this training. This includes one projector screen and workstations for those that do not have a company laptop. These workstations will be rented and not purchased since each studio already has hardware that will use the new web based software. An estimated cost for the hardware rental is $1,500. This estimate was provided by quotes obtained from Corporate
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1. Unit of Dep method = (Cost of eqpt - Salvage value)*Actual annual production/Total Prodn over life of eqpt = (200,000-40000)*1100,000/55,00000 = $32000 2. Dir Labour = (2000Hr*$12 per Hr)*3 employee = $72000, 18%of $72000 is Benefits, $2500*3 = $7500 is health benefit for 3 employyes 3. Considered $0.45 as purahce price of can if you are not making it. This will tell us cost savings n Make vs Buy. So Annual Saving by Making the cans is $84702. 4. NPV iusing excel function is NPV(12%, -200000
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Exam 1 1. The US beer industry was transformed significantly since 1980s. identify two important variables in this environment. Discuss the different strategy used by Anheuser-Busch’s and Samuel Adams? Change in environment: - Demand in US: 1980: 34.0 gallon/person, 2003: 29.1/person, 2010: 1.5% drop from 2009. - Technology allows production in very high quantity Anheuser-Busch: SAB-Miller and Molson Coors - High volume and standard quality - Economy of scale (production, marketing) - Commands
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