Total institution

the deluxe basket because it had a better marginal income than the basic basket and it was equal with the regular basket. The deluxe basket has the highest cost with the selling price of $65. It also needs to sell 120 baskets to breakeven. Unit Total Revenue 0 $3000 0 363 (363 X $40) + $3000 =$17520 $65 X 363 =…

34). For example, a cell phone retail manager’s annual salary of sixty thousand dollars (total fixed cost) will remain the same if the store sells four thousand cell phone units or six thousand cell phone devices per year. Although the total fixed cost does not change, the fixed cost per device depends on the number of units sold. For instance, if the cell phone retail store sells four thousand devices in a year…

was previously. Industrialization brought a new war to the imperialistic and nationalistic nations of Europe called total war. It was the capacity of a nation to regulate its economic consumption, production, and distribution and it blurred the distinction between civilian and soldier. This type of war was far more destructive and had a wider impact on the nation as a whole. Total war changed societies gender norms, increased the governments political power and functionality,…

Question 1. The operating budget includes the revenues and expenses during the fiscal year, while the cash budget focuses on the coming year. The operating budget is usually more in depth. The cash budget would let the people know if they have enough money on hand or will there be able to collect the money needed during the upcoming year. The focus of a cash budget would be to estimate the incoming revenues the company has coming in the upcoming year of the budget. It would allow…

things that led them to fail in market in 1986 was the Quality in Process (QIP), Stata attended a Quality program in Philips Crosbys Quality School and understood the imprortance of Total Quality management (TQM). In 1986, ADI hired Schneiderman as vice president Quality and Productivity Improvement, stata wanted Total Quality program to be a way of life at ADI. Question 2: Critically Evaluate the half light concept, in light of Analog Devices Strategy, What are the potential and…

Wine pricing strategy Businesses use various strategies in calculating the price of a product or services. These various methods of establishing the price of a commodity are referred to as pricing strategies. A commodity or service’s price can be set with an objective of maximizing profit related with each unit or the price of the commodity can be sold at market price (Smith, 2012). A business can lower or even increase the price of a commodity; this is done in relation to customers’ behavior…

costing are two different approaches to dealing with fixed manufacturing overheads and whether or not they are included in valuing inventory. The marginal cost is the total variable cost of the product, it consists of direct labour hours, direct materials and direct expenses, therefore when the production units increase, the total variable cost will increase proportionately. In other word, the marginal cost can be avoid if there are no any unit to be produced and will…

Case Problem: Specialty Toys Solution: 1. From the Case, Management team recommends ordering quantities of 15,000; 18,000; 24,000 and 28,000. Expected sales price = $24 per unit Product cost = $16 per unit And surplus products will be sold for $5 per unit Sales forecaster predicts demand = 20,000 units with a 0.95 probability that demand would be between 10,000 and 30,000 units. Let T be the demand for specialty’s toy. Based on normal distribution above with mean µ = 20,000 and standard…

The definition of prairies is “prairies are ecosystems considered part of the temperate grasslands, savannas, and scrublands biome by ecologists, based on similar temperate climates, moderate rainfall, and a composition of grasses, herbs, and shrubs, rather than trees, as the dominant vegetation type. “The prairie animals are the American toad, badger, black-footed ferret, bison, black-tailed jack rabbit, bumble bee, burrowing owl, California condor, carrion beetle, common snipe, coyotes, deer,…

For the Group Game Assignment, our group was assigned to play the game “Rich vs. Poor” using the materials from the well-known game Monopoly. In “Rich vs. Poor”, each group member was given one of eight full color sets at random so there would be no need to roll to purchase properties. With there being only six group members, two color sets were left remaining; the rules stated that the two players who rolled the highest numbers would get one property each with the highest roller having first…