Discussion Board Forum 1
Sarah Blackwell
BUSI 620-D06
July 2, 2015
1. Before Sarah quit her job as a carpenter, she was earning $35,000 per year. She rented abuilding for $12,000 per year and opened a cabinet shop. She spends $148,000 per yearfor labor, materials, utilities, and advertising.
(i) How much revenue will the business have to earn in order to break even in termsof business profit?
(i) Accounting cost = 12,000 + 148,000 = $160,000
(ii) How much revenue will the business have to earn in order to break even in economic terms?
(ii) Economic cost = 35,000 + 12,000 + 148,000 = $195,000
(iii) Suppose that Sarah buys the building. Now how much will the business have toearn in order to break even in economic terms?
(iii) Economic cost remains
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It is conduct that separates the unmistakably set principles or laws that oversee business. This is simpler to distinguish than untrustworthy conduct on the grounds that it is essentially weighed against the recorded laws. The criminal code diagrams the fundamental prerequisites of conduct and any conduct outside of what is delineated in this code can be viewed as unlawful. Despite the fact that organizations can have composed rules or sets of principles it is unrealistic to foresee all conceivable dishonest conduct and since individuals have distinctive qualities, there remains space for participating in unscrupulous conduct. In recognizing unlawful and dishonest conduct, a business could pick up an awful notoriety through its untrustworthy conduct however actually talking may not be doing anything to contravene the law. Then again, a business that is occupied with unlawful conduct could be arraigned in light of the fact that it has infringed upon the …show more content…
As a manager of an organization, one must be exceptionally dependable in the morals and estimations of their business hones for the greater benefit of their employees of their representatives, customers, group, and nature. To have accomplishment in business, being socially capable an organization must react sufficiently to rising client desires, developing worker objectives and aspirations, more tightly government enactment and weight, financial specialist enthusiasm for social criteria, media investigation, and changing business obtainment hones. Numerous organizations attempt to enhance the long haul effect of their activities on groups and the earth by being manageable, in which is their capacity to address mankind's issues without hurting future eras. At the point when political systems bolsters corporate social obligation this can be utilized to make economical game changers for an
Thus the investment amount for one lift is $3.3 million. Next I will need to find out the yearly net income from the investment. This will be gross ticket sales minus the total expenses. Deer Valley expects 300 skiers per day for 40 days at $55.00 per ticket, giving us $660,000 in ticket sales. In order to figure the total expenses I need to separate the fixed and variable expenses.
Table C projects the break even analysis in both units and dollars as a basis for further projections. As seen in Table C substantially larger sales are required to break even.
There are two solutions that provide the optimal profit given the current constraints under which JP Molasses operates. Under these conditions, the optimal profit is $63,571. This profit margin is achieved in both cases with revenue of $942,354 and cost of $412,333 for material purchased and $466,450 for fixed and variable costs in processing, for total cost of $878,783.
o Pay $200,000 up front for development fees and franchise fees for the first five stores
b. What is the essential ethical issue here? (In your own words, write out a one-sentence summary of the ethical issue as it arises in the type of situation being described here.)
3. In thinking about your experiences as a sport participant, consumer, and/or professional at various levels of sport (i.e., informal, organized, and corporate), what are some examples of ethical dilemmas you have faced, and how did you deal with them? (Chapter
The business will be financed with 5,000 dollars of owner's money and investor's money that will cover the demand quantity and agreed with the investors. Starting costs will be $22,500. Sales are estimated at 120,000 per year by the first year. A positive cash flow will be produced at the end of the first year. Our business will also give our clients a profit margin opportunity of 100% per unit and up, because of the low price and the luxury of these products, which will be a big motivation for our clients.
The purpose of any business is to make a profit. It may sound simple, but there are many factors that contribute to keeping a business thriving. In today’s economic world, the business world has tougher obstacles to overcome. The key to the success of any business is the ability strategically plan, analyze, and create new opportunities that prove to be profitable. Creativity and innovation are also essential in order for a business to stay ahead. As corporate controller of ABC Company, I am to analyze the company financials in order to assess if the CEO’s idea of adding a new product line will indeed be profitable.
a set of moral principles, that are established by corporations for rules and regulations. Such as
The break-even point is located in the intersection between the total expense line and the revenue line. As it is shows, Cosmo-cosmetics operates at a sales Volume to the right of the break-even point (point A), this means that it would earn a profit because the revenue line lies above the expense line over this range ?Profit area?
Costs, revenue and breaking even INTRODUCTION In this part of the coursework I will be looking at costs, revenue and breaking even. To do this we will have to work out our fixed costs, variable costs, expected total revenue, the amount of cars needed to break even and whether we make a profit or loss. A Business Plan Material and Equipment Fixed costs All of these materials and supplies will be bought from a local D.I.Y shop. * 4 sponges incl. 1 revolving sponge: - £32 * 4 buckets: - £10 * 4 scrubbing brushes for wheels: - £4 * Advertising Leaflets: - £5 * 4 chamois leather: - £12 Total fixed costs: - £63 Variable costs The washing up liquid can be bought from any local shop, but the water will be supplied from each of us from our homes although we wont be actually paying for the water it is included for business purposes.
1. Define virtue ethics and explain its advantages and disadvantages. Use original examples to demonstrate your points.
If the company follow this recommendations, it will obtain a profit of $ 531,000 that represents $180,000 more than with seasonal production
3. Allow for the fact that ethical questions do not always have a unique, faultless answer.
The defendant is an Airlines Company that had 900 employees. The economic crisis followed with monetary crisis gave bad effects to the defendant. They should decrease the number of their airplanes form 9 to 2 airplanes. They also had to do the efficiency on their employees to 700. On the efficiency process, there was an agreement between the defendant and employees representation on October 30 1998. The agreement stated that they would bring Independent Public Accountant to analyze company financial condition. During the process, all side should work on their duty. The Defendant should pay employees’ wage. The agreement was not guarantee that didn’t mean the dispute process was over, but the negotiation still moved on. During the process, there was another agreement between the defendant and several employees. They agreed the finish the disputed process and the employees would get separation pay. Meanwhile, other employees, who were 153 people didn’t agree with that agreement. Because they didn’t agree each other, so the employees gave the case to the “Panitia Penyelesaian Perselisihan Perburuhan Pusat (P4P)”.