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.
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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
o Pay $200,000 up front for development fees and franchise fees for the first five stores
If the company follow this recommendations, it will obtain a profit of $ 531,000 that represents $180,000 more than with seasonal production
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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.)
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To breakeven, we would have to sell 267,857 units. We plan on selling the Galaxy Note 8 at a price of $499 which is cheaper than our previous phones in the Galaxy Note line. Consumers aren’t going to purchase a new smartphone if the price is going to be in the same range of the Galaxy Note 7. So we are going to be selling the smartphone at a discount. We are using odd-even pricing for the Samsung Galaxy Note 8. It gives a sense to the consumer that they will be purchasing the Samsung Galaxy Note 8 at a bargain, instead of using the even pricing method. The cost to make the smartphone itself is around $275. There will be a picture below that will explain the details of the build of the smart phone. For the breakeven I subtracted the Total Cost from the Total Revenue. The profit for year 1 will be $1 billion dollars, I subtracted the total revenue for year 1, which was $1.06 billion and subtracted that number by the fixed cost amount of $60
a set of moral principles, that are established by corporations for rules and regulations. Such as
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1. Define virtue ethics and explain its advantages and disadvantages. Use original examples to demonstrate your points.
3. Allow for the fact that ethical questions do not always have a unique, faultless answer.