(Investopedia, 2015). In short, it is equivalent to the revenue less the total variable cost (Horngren, Datar, & Rajan). The CM per unit measures the amount of each unit sold contributes to cover fixed costs and increasing profit and also considers what happens when sales and production increase by one unit. The firm benefits from revenue equal to the selling price, but it also incurs increased costs equal to the variable cost per unit. Fixed costs are unaffected by changes in volume, so they do…
Adipic acid is mainly use as monomer in manufacture Nylon 6/6 fiber, plasticizer, grease, polyurethane etc. There are several countries in the world that manufacturing the adipic acid. But there also countries that just is a supplier for this adipic acid to any factory that need adipic acid in their countries. The main countries that produce adipic acid are United State of America and also China. Almost ninety percent of adipic acid manufactured in United State of America is used to produce…
Tofino truck business on Douglas College New Westminster campus The Tacofino food truck initially started in Tofino (Mearns, 2012). After two years of success, the food truck business was started at different locations, including Vancouver. The main goal of this food truck is to provide health and fresh food to people at reasonable prices. Building around this core goal, the menu has expanded with consumer demand to include cookies and drinks. Tacos and burritos offer a tasty blend of healthy…
Quantitative risk analysis is the one which follows the Qualitative analysis, and gives a numerical priority rating to project risks (PMI, 2009). Based on the PMBOK (PMI, 2013) quantitative risk analysis “… is the process of numerically analyzing the effect of identified risks on overall project objectives (p. 333).” This is also a process for the PM and project team to get risk data to support making decisions, which can help to reduce project uncertainties (PMI, 2013, p. 333). Based on the…
Sheryl asked Thomas to provide her with Bridgestone’s annual budgetary income statement in a contribution margin format. She explained that this format is the basic foundation for CVP analysis since it presents revenues and expenses based on their variable or fixed behavior in relation to service activity (namely, volume of services). Sheryl’s understanding of Bridgestone’s operating environment and the contribution margin income statement will enable to provide suggestions regarding how to…
Plan members must select a primary care practitioner which could be a physician, physician assistant or a nurse practitioner. The primary care is responsible for coordinating health delivery for plan members. Receiving care by a specialist physician will require a referral from the primary care provider (PCP.) This cost containment strategy is intended to avoid service being duplicated by the PCP and the specialist. (www.amjc.com) The similarities of both the HMO’s and PPO…
ENG 103 HAND OUTS I. DATA ANALYSIS: Tabular Presentation Introduction to Data Analysis Why do we analyze data? Make sense of data we have collected Basic steps in preliminary data analysis Editing Coding Tabulating Introduction to Data Analysis Editing of data Impose minimal quality standards on the raw data Field Edit -- preliminary edit, used to detect glaring omissions and inaccuracies (often involves respondent follow up) Completeness Legibility Comprehensibility…
their employee’s work. As the variable cost remains at $50 ($10,000/200 hours) constantly. Therefore, the most effective way to release this tension is to seek for alternative methods, which is able to meet the needs by the decrease in the fixed cost. According to Table 2.1 and 2.2, obviously, the ABC method is slightly better than the single rate method, because it allocates the type of costs. It is easy for managers to know how much they have paid for variable and fixed cost (Horngren et al…
evaluating credit derivatives, the copula function has gradually become the main approach in pricing CDO (Burtschell & George, 2005). In Li (2000) paper, a new random variable named ‘time-until-default’ was created to demonstrate survival time of each defaultable entity. And the copula function approach is based on this random variable to evaluate the default probability of financial instruments. Specifically, copula function specify the joint distribution of the survival times after using the…
7) Services that Walmart provides its customers include financial services (money orders, prepaid cards, credit cards, money transfers, check cashing, and bill payment), clinical services (medical and vision services), VUDU movie streaming service (online movie and television streaming), automotive services (automotive maintenance and repair services), and health insurance services (Walmart, 2016). 8) Walmart also collects fees from its Sam’s Club members, which contributes to its total revenue.…