UGBA 10 Lecture Notes - Lecture 2: Profit Margin, Novella, Automated Clearing House

• School: Berkeley
• Department: Business Administration Undergraduate Program
• Course: UGBA 10
• Professor: John Briginshaw

Document Summary

Take decisions on your own finances that try to maximize opportunities: sensible attitude to investments, suitable use of debt. Participate in conversations: understand business and government activities in the media, advise and share knowledge with friends and family. The(cid:396)e"s a set of topi(cid:272)s (cid:455)ou a(cid:396)e (cid:862)e(cid:454)pe(cid:272)ted(cid:863) to k(cid:374)o(cid:449) a(cid:271)out. Equity market averages are important but should not be overemphasized. Get curious about what government and business are doing in economy. Costs are made up of variable and fixed costs: variable costs: these costs go as you sell more. Ingredients, supplies, or product: hourly labor, commissions, fixed costs: these are the same however much you sell, rent, fixed salaries. Profit = sales costs: where costs = fixed costs + variable costs. Suppose we have a product which sells for and costs variable costs each unit: we have total fixed costs of , we sell n units. Profit = np nv f.