Profit Maximization Essay Example for Free

Profit Maximization Essay Details Pixie ( £ per unit) Elf ( £ per unit) Queen ( £ per unit) King ( £ per unit) Selling Price 111 98 122 326 Variable Costs: Direct Materials 25 35 22 25 Direct Labor 5 5 5 5 Variable Overheads 17 18 15 16 47 58 42 46 Contribution 64 40 80 280 Type 1 Labor 8 6 Type 2 Labor 10 10 Type 3 Labor 5 25 Contribution per type 1 labor 8 6.67 Contribution per type 2 labor 8 28 Contribution per type 3 labor 16 11.2 Details Ranking Type 1 Type 2 Type 3 Pixie 1 N/A N/A Elf 2 N/A N/A Queens N/A 2 1 King N/A 1 2 Planned Production Schedule Elf = no production (no hours of type 1 labor available) King = 1,000 units (full production) Queen = no production (no hours of type 3 labor available) Profit Statement Pixie ( £ per unit) King ( £ per unit) Total ( £ per unit) Sales 111,000 326,000 437,000 Variable Costs: Direct Materials 25,000 25,000 50,000 Direct Labor 40,000 175,000 215,000 Variable Overhead 17,000 16,000 33,000 Total Variable Costs 82,000 216,000 298,000 Contribution 29,000 110,000 139,000 Fixed Costs 15,000 Net Profit 124,000 Direct Labor King: Type 2 = 1,000 units x 10 hours per unit x  £5 =   Ã‚  Ã‚  Ã‚  Ã‚    £50,000 Type 3 = 1,000 units x 25 hours per unit x  £5 =  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚    £125,000 Total Direct Labor Cost  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚    £175,000 b) Under instances of limiting factors, like labor in this case, profit maximization is determined by deducing the production that will provide the highest contribution per limiting factor (Drury C. 1996, p 265). This is based on the premise that optimum utilization of resources will stem from producing the products that provide the highest profit in terms of the limited resource used. The main limitation of the aforementioned approach is that it solely considers financial factors.   In a business environment, there are qualitative features, which also significantly affect the organization.   For instance, products Elf and Queen might be loss leaders.   These are products, they generate low profits and sometimes-even losses, but are key variables in boosting the sales of other products (Kotler P. et al 2004, p 378).   For example, blank CDs and DVDs generated few profits to retailers of computer equipment.   However, they attract clients, who may eventually purchase hardware products that generated greater income. References:    Drury C. (1996). Management and Cost Accounting. Fourth Edition.   New York: International Thomson Business Press. Kotler P.; Armstrong A. (2004). Principles of Marketing. Tenth Edition. New Jersey: Pearson Education Incorporation.

The Skeleton in the Dog Wood Essay -- Literary Analysis, Rash

The poem, â€Å"The Skeleton in the Dogwood† by Ron Rash, dramatizes the conflict between love and how easily that love can be shattered, as demonstrated by two lovers who, while taking a walk in spring, find a skeleton hanging in a dogwood tree. The lovers get the town’s sheriff, however, he cannot figure out who the person was, who killed him, or why. So the sheriff helps the lovers bury the bones and moves on. In the winter the lovers get married and on their wedding night they dream about the dead man with â€Å"spring flowers† (15) in his hand. The first stanza tells of the lovers finding the skeleton in the dogwood branches. The stanza uses the words â€Å"promised blessing† (2) to describe what a new spring, just like a new love, brings to people. However, neither spring nor love nor anything else is perfect. The skeleton is in stark contrast to the rebirth and new life that is associated with spring, but it exists just like problems will always exist in lovers’ relationships. People go looking for the beauty of spring, like lovers try their best to make their love last, but sometimes they find dead animals or, in this case, a skeleton, and sometimes love doesn’t last. Line two and three are â€Å"more than spring’s promised blessing; on new beginnings hanging†. Using the word hanging demonstrates how the promises of spring, and more importantly love, are very fragile gifts that can easily fall off the tree, that is their life, and disappear from a person forever. If lovers want their love to last they should not shake the tree, or test their love, but simply let it be. Hanging also creates a very ugly image with almost anyone, whether they think of people being hanged or meat hanging in a freezer like in Rocky, very few people can get a pos... ...you do not need to know them so you are not told them. â€Å"The Skeleton in the Dogwood† does not try to be a confusing poem. â€Å"The Skeleton in the Dogwood† starts so lovely with a couple taking a walk on a spring day. Suddenly, a mysterious skeleton creates a shift in the tone of the poem. However, the tone quickly shifts back to being pleasant when the lovers decide to treat the skeleton as one of their own and give him a funeral. For their efforts the lovers are blessed on their wedding night by the dead man. The poem goes through the same stages of a struggling relationship. At first, everything is great and new and exciting and nothing can go wrong. Eventually troubles emerge, but for the couple that puts the effort into fixing their relationship the darkness, like the dark tone of the poem, will disappear and the original wonders of the relationship will return.

Ancient democracy to present democracy Essay

The word democracy is derived from two Greek words, demos, which means people, and kratos, which means rule. Today the word has come to mean exactly that, ruled by the people. Many ancient political Greek philosophers would use the phrase â€Å"the governors are to be governed† which we can relate to today. Even though the Greek’s notion of democracy is dramatically different from our current democracy, it has been one of the most influential philosophies that have shaped the political thought of the United States. Ironically the term democracy is the most used term to describe the American government even though it has little meaning in our government today. The Athenian government was the first democracy known to the world. Athens had a government where all of the citizens took part in the decision making. Thus, everyone who qualified as a citizen could participate and did not have to be an elected representative. For one to be considered a citizen they first had to be born in Athens and had to be free. Next, once turned eighteen years of age he had to have at least two years of military training then serve in the navy or army. After he has served he could then vote. After the age of thirty he could be considered for council. The women of Athens were also considered to be citizen however they did not posses any political power. The Athenian democracy had three main branches which were the assembly, the council, and the jurymen. The assembly had the reasonability of making the policies for Athens. The assembly could be considered the legislative branch and it was made of eligible Athenian citizens. The council enforced administrative matters and the policies. They were also in control of the military and finances. The council was made of five hundred citizens and could be considered the executive branch. The jury men had the important yet tedious job of resolving disputes of the people. There were six thousand jurymen to manage this job in the courts. The Greeks of Athens had no single head of the government and no political parties. The United States has some similarities with Athenian democracy but very few. There are three branches, the legislative, executive, and the judicial which  are similar to the three branches of Athens’s government. The legislative branch is made of the Senate and the House of Representatives. They are in charge of making the laws of the states. The House of Representatives consists of a representative from each state. There is one representative from each district in the state. The district in each state depends on the population of the state. There are four hundred and thirty five members of the House. Each of them only serve for two years and then have to run for re-election. The Senate consists of one hundred members. Each state has two representatives in the Senate. The Senate has three times the amount of service time than the House. The Executive branch is the president and his cabinet. The president gets to appoint his cabinet which consists of several positions, the Secretary of State, Attorney General, National Security Advisor, and more. The judicial branch has nine justices as apposed to six thousand, one that serve as the Chief Justice. Once they are appointed by the president they serve for the rest of their lives. As you can see, the American democracy doesn’t quite fit the Greek’s definition of â€Å"democracy†. They have appointed officials that can dictate how the people live. The Greek democracy actually consisted of citizens that could participate in political issues without being elected or appointed.

The Ones Who Walk Away From Omelas Analysis - 1158 Words

The Ones Who Walk Away from Omelas The Ones Who Walk Away from Omelas by Ursula K. Le Guin is a story about the Omelas, which is a utopian society located near a beautiful and shimmering sea. The story begins with the Omelas celebrating the summer festival, which is an annual event involving games and horse riding. This paper is going to address and explain the use of setting and atmosphere, symbolism and point of view in the novel. The use of setting and atmosphere, symbolism, and point of view in the story paints a clear picture of the Omelas utopia society Ursula has used setting and atmosphere to explain and draw a picture of the kind of place the Omelas society live in. The narration from the start to the end is very interesting†¦show more content†¦1). However, certain other cities exist where Omelas citizens can go via trains (par. 3). The story takes place during the start of summer, and the society is presumably advanced and knowledgeable since they are already using trains. The description of the people and their natural state is an indication that the city can only be imagined. For instance, Ursula states â€Å"the people of Omelas are happy people† (par. 4). At the same time, they seem not to be happy at all because they â€Å"do not say the words of cheer much anymore† (par. 4). In a way, the narrator seems to be making contradictions simply because the story is imaginative. Symbolism has been used in the story in several ways and in several variations. The symbols are important because they emphasize specific aspects of the story and enhance the story’s imagery. The fact that Omelas citizens live in a utopia is symbolic, meaning that they live in an ideal or perfect society. The term horse has been used severally symbolizing several aspects including grace, power, nobility, beauty, freedom, and strength. These qualities are also evident amongst the citizens of Omelas indicating a close relationship between the values of citizens and the attributes of the horses. The child and the struggles are symbolic of the sacrifice the Omelas citizens have to take to enjoy the perfection of their loves. TheShow MoreRelatedThe Ones Who Walk Away From Omelas Analysis876 Words   |  4 Pagesof regret and confusion.† The Ones Who Walk Away From Omelas† by Ursula K. Le Guin and â€Å"The Lottery† by Shirley Jackson address the theme of religio us and traditional symbolism.† The Lottery† demonstrates how something that seems so perfect on the outside isn’t all that great on the inside. Symbolism shows the reader that there is a deeper message within the diction. â€Å"The Lottery† addresses the theme more successfully than â€Å"The Ones Who Walked Away from the Omelas† with the greater use of religiousRead MoreThe Ones Who Walk Away From Omelas Analysis1146 Words   |  5 PagesThe role of the individual in a society is marked by the prevailing ideologies as well as political, economic, and social constructs. Ursula Le Guin’s â€Å"The Ones Who Walk Away from Omelas,† opens with an idyllic city where all the restrictions are thrown away to enable people to live joyfully. The narrator discovers that the society does not obey the prescribed laws and regulations celebrating the festival of summer near a shimmering sea. Soon it becomes known that a poor little child becomes theRead MoreThe Ones Who Walk Away From Omelas Analysis1094 Words   |  5 PagesIn the piece The Ones Who Walk Away From Omelas by Ursula Le Guin, she paints a pictur e of this perfect world with little to no consequence. In her description of this world, we can see examples of communal characteristics that set her piece apart from most of the others that we have read. Le Guin writes that being happy from domination of others isn’t something to be proud of (138). When she wrote this, I read it as directly hinting that the lower classes are the imbecile boy that if they allowRead MoreThe Ones Who Walk Away From Omelas Analysis1032 Words   |  5 Pagesperfect world for it’s citizens. Ursula K. Le Guin’s short story, â€Å"The Ones Who Walk Away from Omelas,† is an outstanding piece of literature that talked about a unbelievably perfect society which people’s happiness depends on a child’s misery. When it comes to the topic about the morality of whether the suffering of a child is worth the happiness of many people, most people will readily agree that it isn’t morally permissible that one person is humiliated and tortured for the sake of the people’s happinessRead MoreThe Ones Who Walk Away From Omelas Analysis1266 Words   |  6 Pagesbadness of the consequences (Smart, 2006). The short story The Ones Who Walk Away from Omelas provides an account of a fictional utopia built upon the suffering of a single child, and is often used to explore the ideas of Utilitarianism. The story probes the idea of Utilitarianism and sheds light on both positive and negative implications. The author begs the reader to make his own decision regarding the fictional dilemma, and in doing so one can’t help but think about the non-fictional world we liveRead MoreThe Ones Who Walk Away From Omelas Analysis706 Words   |  3 Pagesdiscussion to articulate our understanding of a repressive ideology, and express its meaning with our own words. Therefore, the scene I chose from the story â€Å"The Ones Who Walk Away from Omelas† is: â€Å"For instance, how about technology? I think that there would be no cars or helicopters in and above the streets; this follows from the fact that the people of Omelas are happy people. Happiness is based on a just discrimination of what is necessary, what is neither necessary nor destructive, and what isRead MoreThe Ones Who Walk Away From Omelas Analysis718 Words   |  3 Pages In The Ones Who Walk Away From Omelas, the writer has left it up to the reader interpretation of the townspeoples actions.There are those who, upon learning the tragic reality of what goes on in Omelas simply cannot handle what they know to be true and refuse to accept it so they leave never to return again. But the most disturbing group of people are those who see what is happening and do absolutely nothing. We will talk about this town, but most importantly, what is it that could be happeningRead MoreThe Ones Who Walk Away From Omelas Analysis1050 Words   |  5 PagesCould one give a justificat ion for making an innocent individual suffer just to preserve the happiness of the greater good? In the story â€Å"The Ones Who Walk Away From Omelas† by Ursula Le Guin, the life of a young child is ignored and imprisoned in order to make others happy. This specific situation in Omelas can be approached in one or two ways, including either the deontological view or the utilitarianism view. However, the proper ethical dilemma relating to the city of Omelas would be the deontologicalRead MoreAnalysis Of The Ones Who Walk Away From Omelas1762 Words   |  8 Pagesexceptional literary work, the job of film makers gets easier. In this case, such a piece comes in the form of Hugo Award winner â€Å"The Ones Who Walk Away from Omelas,† a short story written by Ursula K. Le Guin, who was inspired by Philosopher William James’s quote: â€Å"One could not accept a happiness shared with millions if the condition of that happiness were the suffering of one lonely soulâ⠂¬  (James, 330). Full of hidden meanings and contradictory feelings, this narrative possesses the qualities to captivateRead MoreLiterary Analysis: The Ones Who Walk Away from Omelas Essay2374 Words   |  10 Pages 1 May 2012 Deceit of the Utopia: Analysis of â€Å"The Ones Who Walk Away From Omelas† by Ursula K. LeGuin What is one to make of the city of Omelas? It is a fantastical place so transcendental that the author herself struggles to properly detail its majesty. Omelas has everything— it is beautiful, technologically advanced, and bears no need for organized religion. The atmosphere is rich with music, festivities, and orgies. And even with all this excessive indulgence, the people manage