at which A. the additional revenue from the last unit sold exceeds the additional cost of the last unit by the largest amount. B. the additional revenue from the last unit sold equals the additional cost of the last unit. C. total revenue exceeds total cost by the largest amount. D. total revenue equals total cost. E. both b and c 2. The function a decision maker seeks to maximize or minimize is the ________ function. A. optimal B. decision-making C. objective D. marginal E. none of the above 3. Choice
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Q1. How might revenue management be applied to a professional services firm (e.g. consulting)‚ a restaurant‚ and a golf course? What rate fences would you use and why? Revenue Management for a professional consulting firm:- Revenue management for a professional services firm can be applied by defining different packages for major clients‚ minor clients & new clients. Model can be adjusted as fixed price model as well as fixed plus variable cost model. This can be further differentiated with proficiency
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Chapter 4 The Revenue Cycle Objectives for Chapter 4 • Tasks performed in the revenue cycle‚ regardless of the technology used • The functional departments involved in revenue cycle activities and the flow of revenue transactions through the organization • The documents‚ journals‚ and accounts that provide audit trails‚ promote the maintenance of records‚ support decision making‚ and sustain financial reporting • Risks associated with the revenue cycle and the controls that reduce these risks
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Costs and Revenues What is cost? If you go to a store and like an item and you want to buy it‚ which of the following questions would you ask: What’s the price of …..? 0R How much does …. cost? Examples of costs – set-up Examples of costs - running Fixed Costs 5000 What happened to the fixed costs if for some reason the company had technical problems and was unable to produce for 2 weeks? What happens if the landlord decided to raise the rent due to high property prices in the
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Price Determination under Monopoly Monopoly is that market form in which a single producer controls the whole supply of a single commodity which has no close substitute. From this definition there are two points that must be noted: (i) Single Producer: There must be only one producer who may be anindividual‚ a partnership firm or a joint stock company.Thus single firmconstitutes the industry.The distinction between firm and industry disappearsunder conditions of monopoly. (ii) No Close Substitute: The
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tools are expensed when purchased. (f) Agricultural companies use market value for purposes of valuing crops. (g) Each enterprise is kept as a unit distinct from its owner or owners. (h) All significant postbalance sheet events are reported. (i) Revenue is recorded at point of sale. (j) All important aspects of bond indentures are presented in financial statements. (k) Rationale for accrual accounting. (l) The use of consolidated statements is justified. (m) Reporting must be done at defined
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Question 3 5 out of 5 points The Saturn Corporation (once a division of GM) was permanently closed in 2009. What went wrong with Saturn? Selected Answer: Correct Answer: Saturn sold cars below the prices of Honda or Toyota‚ earning a low 3% rate of return. Saturn sold cars below the prices of Honda or Toyota‚ earning a low 3% rate of return. Question 4 To reduce Agency Problems‚ executive compensation should be designed to: Selected Answer: Correct Answer: 5 out of 5 points create
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Republic of Vardar Revenue forecasts: Expected Tax Collections PAD 505 June 8‚ 2012 Abstract At independence in November 1991‚ the Republic of Vardar (named after the Vardar River Valley) was the least developed of the Yugoslav republics. Although the poorest of the six former Yugoslav republics‚ the country nevertheless can sustain itself in food and energy needs using its own agricultural and coal resources. From 1998 to 2000 real GDP growth averaged a little
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1. What are the revenue streams for TechMall? The revenues streams for TechMall include the following: a. Setup Fee Revenue b. Statement Fee Revenue c. Transaction Fee Revenue 2. What drives each of the revenue streams? a. Merchant setups drives the Setup Fee Revenue (Setup Fee Revenue=Merchant setups*$750); b. System merchants drives the Statement Fee Revenue (Statement Fee Revenue=System Merchants*$50); c. Total transactions‚ and Transaction Dollars drives the Transaction Fee
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BERGERAC CASE STUDY Summary The purpose of this report is to analyze the opportunity to produce plastic components for cartridge production and choose the best alternative. It is predicted that the annual demand growth is a triangular distribution with a minimum of 5%‚ most likely of 17% and a maximum of 25%. Due to the continuous growth in the demand‚ the alternatives cannot be compared using just the data for 2010. An analysis is carried out for the time period 2011 to 2015 and the present worth
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