Profit plan

R2 Profit planning according to profit loss statement 3... 

French scientists at the Pasteur Institute, however, promptly dispelled some of Prontosil s mystery, splitting the molecule into a red dye component and an old chemical, sulfanilamide, its 1909 patent long since lapsed (2 ). The suspicion arose that Domagk, an I. G. Farbenindustrie researcher, had rediscovered sulfanilamide, and that the manufacturer had held it off the market until it could be presented in a new, complex, disguised, and patentable form (2, 3 ) Whether or not the suspicion was true, the French scientists, by showing that sulfanilamide was the therapeutically active fraction of Prontosil, shattered the gigantic Germany company s profitable plans. 

Dr. Quint has been advised that among her many new job responsibilities, she will need to develop a master budget, or profit plan, for Home TPN Care. It was obvious to her that she would need to review the materials she studied in her pharmacy management course about budgeting before she could tackle this important challenge. 

Different types of budgets serve different purposes. A master budget, or profit plan, is a comprehensive set of budgets covering all phases of a pharmacy organization s operations for a specified period of time. 

The master budget, the principal output of a budgeting system, is a comprehensive profit plan that ties together all phases of a pharmacy s operations. The master budget consists of many separate budgets, or schedules, that are interdependent. Figure 18-1 portrays these interrelationships in a flowchart. 

Control system Market results Standards and cost Reports and profit Plans and invest- Mutual goal set-... 

As seen in the foregoing presentations, our Japanese chemical industries as a whole had been in very good shape from the macroscopic point of view. However, we observed the downtrend started around the spring of 1991. By now, many chemical companies are obliged to revise their sales and profit plans in downward direction. Investment cutbacks of manufacturing facilities arc reported, while production curtailment is considered in certain sectors. 

Target costing A strategic profit planning and cost management system that incorporates a strict focus on customer wants, needs, and values, and translates them into delivered products and services. A variation is using cost as a design criterion in product development. 

The successful sale of recycled plastics requires familiarity with the concept of profit gap analysis, profit planning and new product development as three interlinked stages which ensure that requisite corporate profitability is attained. Modern marketing philosophy cites profit-seeking activity as opposed to sales volume activity as the distinguishing feature. 

Planned profit Planned break-even point ... 

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