Variables

We can use a variable, such as X to indicate the possible payouts. There are two possible outcomes, “heads” and “tails”. The payout you receive if the coin lands “heads” is $20, and we write: XH = $20. Similarly, if the coin lands “tails” you get nothing,“) ‘In this simple…

Rent is a fixed, committed cost because it does not change due to differences in activity levels. In other words, rent is always a cost that will be due regardless of business activity level. It is generally considered a committed cost because once you sign the lease you are committed to paying rent for the life of the lease (Walther, 2012). Property taxes on land and building are fixed committed cost due to the fact that it does not change as per stipulated tax period. This tax does not affect…

Anagene Inc., a genomics instrument company, manufactures Anagene Cartridges (a device that analyzes both single nucleotide polymorphism (SNP) and short tandem repeat (STR) forms of DNA for experimental use to find the best way to fight a specific diseases). The President and CFO of the Anagene, Inc., Gerald Kelly, currently faces difficult issues in predicting future profits from fluctuating gross margins. At the January 2001 board meeting, Kelly was questioned about the 40% increase in…

In our every day lives we are faced with risk; the possibility of losing something of value. This could include theft or re to property, sickness, disability or even death. As loss adverse as we are, we tend to set up mediums to prevent or recover from losses once incurred. One of these common mediums is insurance. Anderson and Brown (2005) denes insurance as an agreement where, for a stipulated payment called the premium, one party (the insurer) agrees to pay to the other (the policyholder or…

The final aspect of the project we have to check is the break-even point. The break-even point is the level of sales that is necessary to cover both variable and total fixed costs, such that net operating income is equal to zero. In Year 1 and Year 2, because of introducing new PDA, there have loss sales on existing PDA. So, Conch uses the average method to calculate the break-even point. After calculation, the profit per unit for Year 1 and Year 2 is $138.58 and $161.58. The fixed cost is…

Attribute selection is the process of identifying and removing as much of the irrelevant and redundant information as possible from a dataset. If the data dimensions are reduced, we will be able to improve the performance of the applied classification algorithms. They will function faster, more efficiently and will be with an improved classification accuracy. As an addition we can also execute data visualization, and increase the insight of the potential classification model [] . There are many…

more prone to depression. Thus, an empowerment program effective with that group is more reflective of benefits for all. But, using a wide variation of the degree of ESRD could provide some outliers that could eschew the results. 9. Which variable was least affected by the empowerment program? Provide a rationale for your answer. Depression, because there was only 0.7% improvement in the experimental group, none in the control group and only a 0.32 total mean. Whereas with the…

the costs type of each of them. So, first, the costs types must be clarified. The types of costs are as follows (Accounting for Management, 2017): - Variable Costs are that costs that change as the volume of production changes and are related to production units, such as the cost of materials used in manufacturing. The total value of the variable cost increases with the increase in the volume of production, and vice versa; - Fixed Costs are the costs that are borne by the company regardless of…

Make Purchase Difference Bid price from Marley $ 17.30 Direct material ($195,000/30,000)*1.08 $7.02 Direct labor ($120,000/30,000)*1.05 $4.20 Factory space rental ($84,000/32,000) $2.625 Equipment leasing costs ($36,000/32,000) $1.125 Variable manufacturing overhead [($225,000*40%)/30,000] $3.00 Total cost per unit to make $17.97 Difference between make and purchase is : $17.97 $17.30 0.67 i. Total costs Make Purchase Difference Bid price from Marley ($17.30*32,000)…

be additionally called variable costs, VC, as they flex depending upon the organization's level of action/production and decide the organization's offering value that is reflected in sales forecast, including 70% of COGS (see Appendix: Section A). The accompanying chart demonstrates a graphical delineation of the equal change of the organization's offering cost by COGS' change. At the point when COGS expand, so does the value sales forecast as it is the dependent variable and in this way the two…