Profit

Based on the ABC data below are the gross profit margins for each product produced. ABC is short for activity-based costing. Companies follow a two-stage process when allocating indirect costs using ABC. The first stage entails assigning costs to pools based on the activities that cause the costs to be incurred. The second stage involves allocating the costs in the activity costs pools to products through the use of a variety of cost drivers. Furthermore, activity-based costing generates a suitable

Profit maximisation is when firms maximise their profits through sales and increasing the price of products. Profit maximisation occurs when total sale revenue is furthest above total cost which is when MR= MC. Firms are usually controlled by the managers, in order for managers to keep its position its must gain enough or maximise the firms’ profits, so it can satisfy the shareholders. However managers may want to take a different approach rather than maximising the firms’ profits. Managers may

businesses to increase their profits? (40 marks) E-commerce is the online transaction of goods and services, which has completely revolutionized business and the way in which businesses can operate. It’s now easier for customers to compare prices/products with a little time spent browsing the Internet opposed to dragging themselves to the stores. This means that e-commerce is having an impact on what and how much businesses sell, therefore influencing the profits the business gets. In this essay

Governance in Non-Profit Healthcare MGMT 640 Executive Summary Good leadership, financial management, and governance are the essentials for success in any organisation, whether the organisation is a non-profit organisation or a for-profit organisation. In non-profit healthcare the seamless interaction of all the parts makes the organisation successful as a whole. Service provided must be consistent with the goals of the organisation

organization is to maximize revenue and minimize expenses. Profit is the single most important aspect on the mind of shareholders and/or owners. However, that is not the primary purpose of all organizations. A not for profit organization has a mission that seeks to benefit the greater good of the community, society or the world. Nonprofit Organizations can make a profit however, the financial benefits are not for the owners/shareholders of the company. Profit in nonprofit organizations should only be used to

Nonprofit organizations have similar financial transactions and needs as for-profit businesses (Viader, & Espina, 2014). Their financial statements describe and summarize operating activities, obligations, and economic resources for a given period, usually one year (Viader, & Espina, 2014). A nonprofit is defined as a legal entity that does not conduct substantial commercial activity or earn a profit as its primary purpose (Viader, & Espina, 2014). The goal of the nonprofit is typically to provide

In today’s world there are hundreds of thousands of non-profit organizations (NPOs) established at the local, regional, national and international level, and their influence is increasing. Non-profit organizations even considered the third sector of the economy (the first two is the public and private, or commercial). It is believed that they have a special role in development of civil society. In those countries, which have largely shaped the system of legislative regulation of the sector (USA,

passionate about non-profit organizations. I’ve volunteered my valuable time with organizations committed to rebuilding various communities such as single months, at risk youth, and homeless. Almost 3 years ago I made the decision to pursue an undergraduate degree in interdisciplinary studies and complete the certification for non-profit management in hopes of one day managing a non-profit and gaining the experience necessary to establishing a foundation that will fund multiple non-profits in the future

The Non profits sector is different from other sectors. Human capital is the main resource and requires determination to gather people to support a cause. From the beginning of the class up to the last days, I learned the essentials and different scenarios in which the non profits have trouble due to different situations with staff, board of directors, budget, fundraising, planning, and much more. I also learned the opportunities available and how to manage effectively by lectures, real life experience

One factor that sets non-profits and for-profits apart is that non-profits are required to reinvest their profits into the organization. Social enterprises are blurring this line as well because some social enterprises have business plans that call for organizations to reinvest their profits in the enterprise instead of serving the private purposes of investors and founders (Husock, 2006). However, this is not a radical break because there have been a few business owners that have offered to minimize