SOC 212, TUTORIAL 2: THE NATIONAL DEVELOPMENT PLAN (NDP) * Read the ‘Overview’ on SunLearn, especially pp25-34 * Visit the NPC website (www.npconline.co.za) where you can also read the Executive Summary in all official languages * Look at the COSATU powerpoint presentation on SunLearn and familiarise yourself with the main criticisms. (You need not study all the details.) COME TO THE TUTORIAL READY TO DISCUSS THE FOLLOWING POINTS: 1) Based on what we have discussed thus far
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Costs and Benefits Advantages of Telecommuting for Companies • Improves employee satisfaction - People are sick of the rat race, eager to take control of their lives, and desperate to find a balance between work and life. - Two thirds of people want to work from home. - 36% would choose it over a pay raise. - A poll of 1,500 technology professionals revealed that thirty-seven percent would take a pay cut of 10% if they could work from home. - Gen Y’ers are more difficult to recruit (as reported
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|500,000 |1,500,000 | (5 Profit calculations x 1 marks each = 5 marks) [5] Building Division |Output (Units) |Total Revenues |Var.Costs (£15/unit) |Transfer In Costs (£40 /m2) |Fixed Costs |Total Profit / (Loss)| |20,000 |2,200,000 |300,000 |800,000 |1,200,000 |(100,000) | |40,000 |3,400,000
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much profit will the program earn if it completes its 45,000-meal contract with the City of Westchester? The variable cost of service is $3.93 during the fiscal year the WHDM should provide 1,011 meals to reach their BEP of $3,665.76. The total profit the program will earn if it completes its contract of 45,000 meals is $1,859.77. 1. The difference = subtracting the low from the high with the months given. 4,900 – 3,500 = 1,400 The differences in costs = subtracting
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Introduction This case deals mostly with the different types of operational challenges that Albatross Anchor is currently facing. The pricing is not a huge issue for the organization and it is able to sell its products at a consistent market rate; however it is unable to realize its full profit potential due to the presence of a lot of operational inefficiencies. It is clear that if the firm is able to overcome all of these challenges, it can make the same level of profits as that of other competitors
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Case Analysis Of Harrington Collection Submitted by J. G. I. Factual Summary: 1. Harrington Collection, a large manufacturer and retailer of high-end women’s apparel faced declining sales and shifting consumer tastes, and the company needed to consider new strategies to compete in the women’s apparel industry. 2. Harrington Collection’s retail group operated 120 company stores: 70 stores sold a combination of Harrington Limited and Christina Cole merchandise, and 50 of the stores
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change in the total revenue of a product or service e.g. – volume of units sold, change in selling price how to measure volume? Differs by type of business – patient days for hospitals, “load” factor for airlines, sales per square feet for retailers Cost driver – any factor that causes a change in the total cost of a product or service e.g. - quality of materials, number of parts, skill of production workers, patients treated More Terminology Variable cost – cost that changes in total in direct proportion
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by subtracting total revenue from total costs. The equation separates costs into variable and fixed. The equation coverts to profit = total revenue - total variable costs - total fixed costs. The newspaper stated the average break-even point would be 300 members and each member pays a $26 monthly fee to attend a Snap Fitness center. The break-even point in dollars would be $7,800. With a minimum of 300 members the total revenue for the month is $7,800. The business has estimated total fixed costs of
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compiled the following information by analyzing the accounting records: 1. Meat costs the company $3.25 per pound of sausage produced. 2. Compensation of production employees is $2.25 per pound of sausage produced. 3. Supervisory salaries total $23,000 per month. 4. The company incurs utility costs of $9,000 per month plus $0.35 per pound of sausage produced. 5. Insurance and property taxes average $6,400 per month. Required: A. Classify each cost as variable, fixed, or semivariable
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Stryker Corporation: In-sourcing PCB’s Conclusion: If Stryker consider option 1 and keep safety stock of the electronic board then it will not resolve the problem of quality of input material. It will also increase the cost of inventory which will affect the profitability. But this could resolve the problem of reliable delivery of goods. That is if the supplier is unable to deliver the material in timely manner then they would have enough inventory that they can continue production without any
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