E303. Spring 2013 Problem Set #2 (Note: For the first question of this problem set (parts a to d) use EXCEL to generate numbers. Replace the below table with your answers ON THIS SHEET. Similarly, in the rest of the assignment you may use EXCEL, but if you do so, insert figures and tables from EXCEL onto this sheet. 1. Consider the total profit function ( = TR - TC = (22 –Q)Q – (10+2Q+Q2 ) a. Create a table that shows Total Revenue, Total Cost and Total Profit
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Running Head: WRIGHT WAY COMPANY Wright Way Company Kathy Wrightway AIU Online Currently Wright Way Company is facing, like many companies during this economic downslide decisions on whether to downsize, reorganize, or close one or both of their production plants. They are currently presenting before their Board of Directors, shareholders, and Management team the economic forecast for plant one and plant two of Wright Way Company. In reviewing the current statistic
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Name: Shawnyknoxville Class: HADM 542 W13 MANAGERIAL ACCT/HTH CARE ORG Date: 1/29/2013 Assignment: Case 3-1 Lakeside Hospital For Case 3-1: answer questions 1 - 5. 1. Breakeven Volume Analysis Varible costs Medical Supplies: $493,806 Purchased Laboratory Services: $24,476 Water Usage: $20,896 Total Variable Costs: $539,178 Number of treatments: 5,736 Total Variable Cost / Number of treatments $539,178 / 5,736 = 94 Px = a + bx $250x = $510,870 + 94x $156x = $510,870
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following table: Labor Input I (No. of Workers) Total Product Marginal Product Average Product 1 3 0 + 3 = +3 3/1 = 3 2 6 6 – 3 = +3 6/2 = 3 3 16 16 – 6 = +10 16/3 = 5.33 4 29 29 – 16 = +13 29/4 = 7.25 5 43 43 – 29 = +14 43/5 = 8.6 6 55 55 – 43 = +12 55/6 = 9.17 7 58 58 – 55 = +3 58/7 = 8.29 8 60 60 – 58 = +2 60/8 = 7.5 9 59 59 – 60 = -1 59/9 = 6.56 10 56 56 – 59 = -3 56/10 = 5.6 b. Plot the (i) total product, (ii) marginal product, and (iii) average product functions. c. Determine
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Assignment #2 (Bunyan Lumber, LLC Project) BUS: 650 Instructor Watson Renee Frempong January 9, 2012 I strongly believe that with the calculations that I have made, Bunyan Lumber should harvest their forest in 25 years and continue to harvest every 45 years. They gain the most profit and increase revenue from harvesting in the 25 years since the forest will be 45 years mature. Here are the figures: Total Number of acres 7500 Inflation rate 3.7% Nominal required
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Case Study 9 Boston Medical Center 1.) What is the marginal cost estimate of the Phase 4 hospital services, assuming that 60 percent of the designated costs are fixed and the remaining costs are variable? * The Marginal cost estimate is $ 71,468 2.) What is the ‘relevant range’ for the cost structure? In other words, at what volume might you expect the fixed and variable costs to change appreciably? * The current amount of patients treated for liver transplant volume
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QCT 1 --From the end-of-chapter discussion questions (DQ) and problems (P) --6.7 points each for a total of 80 points Salvatore’s Chapter 1: a. Discussion Questions: 9 Answer: Normal return is the minium profit that is required to cover the costs of inputs and all of expenses associated with it. Economic profit is a forgone profit and not and economic profit which is the biggest difference between the two types of profits. The difference between economic profit and business
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Australian packaging industry is a Oligopoly in which natural barriers prevent the entry of new firms. The new entrants could experience a significant start- up cost involved in establishing a manufacturing plant on the quantity produced and low marginal cost. Visy, HP and Pact are the three major firms dominate the market. Such firms are interdependent.The kinked demand curve model is applied to this market which indicates that if one of the firms raises its price, others will not follow, but if
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Final Assessment ACCA FINAL ASSESSMENT Advanced Performance Management JUNE 2009 QUESTION PAPER Time allowed Reading time: 15 minutes Writing time: 3 hours This paper is divided into two sections Section A BOTH questions are compulsory and MUST be answered TWO questions ONLY to be answered Section B Do not open this paper until instructed by the supervisor This question paper must not be removed from the examination hall Kaplan Publishing/Kaplan Financial KAPLAN PUBLISHING
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of payment. Upon the costs incurred by the consulting firm, it analyses the best option. Cost to the consulting firm: Time required for the work: 1000 * 24= 24000 Total cost: 140 * 24000 = 33,60000 Revenue for the year: 175000*24= 42,00,000 Marginal savings: 42,00,000 - 33,60000= 840000 |Client’s 1st proposal |Monthly |Annual | | |Fixed payment: 155000 |37,20,000 | | |Saving: 37,20,000-33,60,000 |3,60,000 | |Client’s 2nd proposal |Monthly |Annual | | |Fixed payment: 1,25,000 |30,00,000
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