Case 4-33: Cost Structure; Target Profit and Break Even Analysis Question 1: Compute Pittman Company’s break-even point in sales dollars for next year assuming: a. The agents’ commission remains unchanged at 15% $12,000,000 in sales is needed to break even while employing an outside sales force with commissions of 15% of sales. b. The agents’ commission rate is increased to 20% $13,714,286 in sales is needed to break even while employing an outside sales force with commissions of
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listed based on due dates (Cagan, 2006). The Income Statement The elements of Income statement is revenue, expenses, and net income or net earnings. It gives a clear image to the accountant or owner of the business performance in terms of revenue, sales, and profit for an accounting period that is normally 1 year. The equation for income statement is Revenues - Expenses = net income. Gross revenue is the amount gained from sales of goods and services to customers, whether it is paid in cash or
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in process. The higher the percentage of completion of ending work in process, the higher the equivalent units for the period and the lower the unit costs. 3. Increasing the percentage of completion can increase net operating income by reducing the cost of goods sold. To increase net operating income by $62,500, the cost of goods sold would have to be decreased by $62,500 from $61,575,000 down to $61,512,500. The percentage of completion, X, affects the
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Server Error in '/' Application. [pic] Transaction (Process ID 750) was deadlocked on lock resources with another process and has been chosen as the deadlock victim. Rerun the transaction. Description: An unhandled exception occurred during the execution of the current web request. Please review the stack trace for more information about the error and where it originated in the code. Exception Details: System.Data.SqlClient.SqlException: Transaction (Process ID 750) was deadlocked on
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Chapter-1 “The New CIO” Why would Carl Williams ask a non-technical manager to assume the CIO position? Mr. Williams is high on Ambition and short on patience and realizes the importance of the IT department and believes in Mr. Barton’s ideas for the IT department. He also believes in Mr. Barton’s track record as a manager and feels the lack of IT background is something Mr. Barton can easily overcome in this position as he feels the IT department needs to grow and be a strategic partner within
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Ms. Van Michelson I would like to present this organizational proposal to you as the organization is facing 17% net loose in total income and demands to cut the organizations perks from 8 to 5 % so it will be crucial for us to bring an immediate and effective change in the compensation system of organization. We as the HRM team the below changes will prevent us from closing down international offices and will increase the overall revenue in 3 to 5 years. The main aspect of the strategy is that the
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The company’s earning quality is depend upon its net income, operating net income, price earnings, earning per share and return on assets. Comparatively, the earning quality of Astra Zeneca is better than Glaxo smith which was found by above financial analysis. Earning per Share is the one way for investors to evaluate whether the financial performances of companies are up to investor’s expectation and earnings per share of Astra is 5.0746742, which is marginally higher than Glaxo so investor’s
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Chapter I Introduction What is Computer? Let us begin with the word ‘compute’. It means ‘to calculate’. We all are familiar with calculations in our day to day life. We apply mathematical operations like addition, subtraction, multiplication, division. and many other formulae for calculations. Simpler calculations take less time. But complex calculations take much longer time. Another factor is accuracy in calculations. So man explored with the idea to develop a machine which can perform this type
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innovation and competition -- whether the income stems from a service company or a merchandising business. If you study an organization's income statement, you see things like revenues, cost of goods sold and administrative expenses -- all of which lead to net income or loss at the end of the reporting period. Income Statement When much of the economy struggles, you can look at corporation's income statement to figure out whether it's bowing to the overall negative environment or whether top leadership
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1. Background 2. The situation in ERP software area 3. Analysis SAP, Oracle and QAD 4. What is QAD strategy 5. Conclusion for cloud computing in the future 1. Background QAD, a ERP software company which was founded in 1979. It is focusing on manufacturing industry. The competitors are such as SAP, Oracle, Inforsys, Epical etc. 2. The situation in ERP software area 2.1 Where is QAD’s position? The collection data metrics on selection trends, satisfaction and benefits realization are
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