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Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
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- Question 4: Read the following paragraph and answer the following questions CLEAN is a local Cleaning company with a good reputation. The company was established in 2014 and has 35 employees working in two branches. The company has wide range of professional cleaning services. Is known for its high professional standards that satisfies its clients. The Human resources management department of CLEAN ensures that employees are selected carefully and trained well in order to provide the best services to its customers. Jobs are reviewed and analyzed every two years to ensure that the jobs descriptions include the skills that are required by the market. In the last general meeting, the top manager has announced that the company has put a strategic plan to grow in the coming 5 years through implementation of the following objectives and that all departments should work hard to achieve those objectives 1. To provide additional services including professional cleaning of branded leather…Which of the following is the hotel’s process of recording financial transactions? Question 16 options: a) Bookkeeping b) Auditing c) Forecasting d) BudgetingQUESTION 1 (a) An art dealer's client is willing to buy the Sunflower painting at $50,000. The dealer can buy the painting today for $40,000 or can wait a day and buy the painting tomorrow (if it has not been sold) for $30,000. The dealer may also wait another day and buy the painting (if it is still available) for $26,000. At the end of the third day, the painting will no longer be available for sale. Each day, there is a 0.60 probability that the painting will be sold. Construct a decision tree and determine the strategy that will maximize the dealer's expected profit.
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