HTC<br />&nbsp;@<br />&#8203;MPC
  • Home
  • LABS
    • CAI (HSS102) >
      • CAI Classes >
        • CAI Student Survey
        • LNSK 331B Reading Lab >
          • Syllabus
        • LNSK 331C Writing Lab
        • LNSK 331E T & R Lab
        • LNSK 331G AP Strategies >
          • Week 1 - 331G >
            • Syllabus - 331G
            • Attendance Contract
            • AP Schedule for Students
            • Orientation Checklist
            • AP Information Sheet
            • Information Goals and Results
          • Week 2 - 331G >
            • Checklist
            • Project Outline
          • Week 3 - 331G >
            • Brain Builder
            • Conference Reminder
          • Week 4 - 331G >
            • Goal Setting
            • Personal Listening Goals
          • Week 5 - 331G >
            • Ear Anatomy
            • AP Message RE Class Assignment
          • Week 6 - 331G >
            • Mid - Semester Summary
          • Week 7 - 331G
          • Week 8 - 331G >
            • Mid - Semester Gathering
            • Mid - Semester Week Special
          • Week 9 - 331G >
            • emWave
            • Heart
            • Brain and Emotions
          • Week 10 - 331G >
            • Listen Exhibit
          • Week 11 - 331G >
            • Catch Up
          • Week 12 - 331G >
            • Tomatis
          • Week 13 - 331G >
            • Sensory Diet
          • Week 14 - 331G
          • Week 15 - 331G >
            • Final Reflection
          • Week 16 - 331G >
            • Final Gathering
        • LNSK 332 Reading Skills >
          • Syllabus - 332
          • Week 1 - 332
          • Week 2 - 332
          • Week 3 - 332
          • Week 4 - 332
          • Week 5 - 332
          • Week 6 - 332
          • Week 7 - 332
          • Week 8 - 332
          • Week 9 - 332
          • Week 10 - 332
          • Week 11 - 332
          • Week 12 - 332
          • Week 13 - 332
          • Week 14 - 332
          • Week 15 - 332
          • Week 16 - 332
          • Week 17 - 332
        • LNSK 333 Writing Skills >
          • 333 Flashcards
          • Syllabus - 333
          • Week 1 - 333
          • Week 2 - 333
          • Week 3 - 333
          • Week 4 - 333
          • Week 5 - 333
          • Week 6 - 333
          • Week 7 - 333
          • Week 8 - 333
          • Week 9 - 333
          • Week 10 - 333
          • Week 11 - 333
          • Week 12 - 333
          • Week 13 - 333
          • Week 14 - 333
          • Week 15 - 333
          • Week 16 - 333
          • Week 17 - 333
          • LNSK 333 Blog
        • LNSK 352 T & R Skills >
          • Syllabus - 352
          • Week 1 - 352
          • Week 2 - 352
          • Week 3 - 352
          • Week 4 - 352
          • Week 5 - 352
          • Week 6 - 352
          • Week 7 - 352
          • Week 8 - 352
          • Week 9 - 352
          • Week 10 - 352
          • Week 11 - 352
          • Week 12 - 352
          • Week 13 - 352
          • Week 14 - 352
          • Week 15 - 352
          • Week 16 - 352
          • Week 17 - 352
        • LNSK 306 ADD Strategies >
          • Syllabus - 306
          • Week 1 - 306
          • Week 2 - 306
          • Week 3 - 306
          • Week 4 - 306
          • Week 5 - 306
          • Week 6 - 306
          • Week 7 - 306
          • Week 8 - 306
          • Week 9 - 306
          • Week 10 - 306
          • Week 11 - 306
          • Week 12 - 306
          • Week 13 - 306
          • Week 14 - 306
          • Week 15 - 306
          • Week 16 - 306
          • Week 17 - 306
    • ACT (HSS101) >
      • ACT Classes >
        • ACT Student Survey
        • LNSK 320 >
          • Chapters 1-5 >
            • Chapter 1 >
              • 1-1 Font, Font Size
              • 1-2 Font Color
              • 1-3 Bold, Italic, Underline
              • 1-4 Special Characters
              • 1-5 Highlighting
              • 1-6 (Sans)Serif
              • 1-7 Add Fonts
              • 1-8 Line & Paragraph Spacing
              • 1-8 Double Spacing
              • 1-T-1
              • 1-T-2
              • 1-T-3
            • Chapter 2 >
              • 2-1 Numbered List
              • 2-2 Bulleted List
              • 2-3 Paragraph Alignment
              • 2-4 Double Spacing
              • 2-5 Horizontal Line
              • 2-T-1
              • 2-T-2
              • 2-T-3
            • Chapter 3 >
              • 3-1 Creating a Table
              • 3-2 Formatting a Table
              • 3-3 Table in a Letter
              • 3-4 Adding Columns & Rows
              • 3-T-1
              • 3-T-2
              • 3-T-3
              • 3-T-4
              • 3-T-5
            • Chapter 4 >
              • 4-1 Word Count
              • 4-2 Translate a document
              • 4-3 Make a Copy and Save in Different Formats
              • 4-4 Spell Check
              • 4-5 Synonyms
              • 4-6 Definitions
              • 4-T-1
              • 4-T-2
              • 4-T-3
              • 4-T-4
            • Chapter 5 >
              • 5-1 Copy/Paste
              • 5-2 Cut/Paste
              • 5-3 Undo/Redo
              • 5-4 Find & Replace
              • 5-5 Format Painter
              • 5-6 Print
              • 5-T-1
              • 5-T-2
              • 5-T-3
              • 5-T-4
          • Chapters 6-10 >
            • Chapter 6 >
              • 6-1 Superscript/Subscript
              • 6-2 Strikethrough
              • 6-3 List Styles
              • 6-4 Headings
              • 6-T-1
              • 6-T-2
              • 6-T-3
            • Chapter 7 >
              • 7-1 Margins
              • 7-2 Left & 1st Line Indent
              • 7-3 L, R, Center Tabs
              • 7-4 Indent
              • 7-5 Header & Footer
              • 7-T-1
              • 7-T-2
              • 7-T-3
            • Chapter 8 >
              • 8-1 Image: Upload
              • 8-2 Image: By Url
              • 8-3 Image: Stock
              • 8-4 Text with links
              • 8-5 Images with links
              • 8-6 Insert: Drawing
              • 8-T-1
              • 8-T-2
              • 8-T-3
            • Chapter 9 >
              • 9-1 Cover Letter
              • 9-2 Resume
              • 9-3 Memo
              • 9-4 Keyboard Shortcuts
              • 9-5 Research
              • 9-T-1
              • 9-T-2
              • 9-T-3
              • 9-T-4
          • Syllabus
        • LNSK 325 >
          • Christian Longo
          • Kurzweil assignments >
            • Kurzweil A.1
            • Kurzweil A.2
            • Kurzweil A.3
            • Kurzweil A.4
            • Kurzweil A.5
            • Kurzweil A.6
            • Kurzweil A.7
          • Syllabus
        • LNSK 329 >
          • Syllabus
        • LNSK 331D >
          • Math Resources
          • Syllabus
        • LNSK 331F >
          • Clash Royale Cards
          • Making money playing games
          • Clash Royale- Making a Card
        • LNSK 331C >
          • 331C Syllabus
    • 3D Printing
    • Typing Club
  • Assistive Tech
    • Activities and Games
    • Chromebook
    • Smart Pen
    • Live Captions >
      • Captions in Youtube
      • Captions in Android
      • Captions in Chromebook
    • Accessibility
  • Alternate Media
    • Intro to Alternate Media
    • Guidelines
    • Ordering
    • Using
    • Kurzweil Academy
    • The 3 Kurzweils
    • Kurzweil Desktop >
      • Install Kurzweil
      • Desktop Kurzweil Lessons >
        • Lesson 1-1
        • Lesson 1-2
        • Lesson 1-3
        • Lesson 1-4
        • Lesson 1-5A
        • Lesson 1-5B
      • Open from Universal Library - Kurzweil Desktop version
      • Kurzweil FAQs from LTU
    • Kurzweil Web-based >
      • Web-based Kurzweil Orientation
      • Open from Universal Library - Kurzweil Web-based version
      • Web-based Kurzweil Lessons >
        • Web Lesson 1-1
        • Web Lesson 1-2
        • Web Lesson 1-3
        • Web Lesson 1-4
        • Web Lesson 1-5A
        • Web Lesson 1-5B
        • Web Lesson 1-6
        • Web Lesson 1-7
        • Web Lesson 1-8
        • The Writing Process - Using Kurzweil
    • Kurzweil Read the Web
  • TRAINING
    • Check Priority Registration
    • Canvas
    • Gmail
    • Google Workspace
    • Cloud Computing
  • People
    • Pictures >
      • Photo Archive >
        • Years Gone By
        • 2012 Lab Under Construction
        • 2012 Furniture
        • 2013 MPC Campus
        • 2004 Awards and XMAS party
        • 2009 Awards
        • 2010 Awards
        • 2011 Awards
        • 2012 Awards
        • 2013 Awards
        • 2014 Awards
        • 2015 Awards
        • 2016 Awards
      • Info Videos
      • 2017 Awards
      • 2018 Awards
      • 2018 Halloween
      • 2019 Halloween
      • 2020 Awards
      • 2021 Awards
      • 2021 Halloween
      • 2021 Thanksgiving
      • 2021 Holiday Party
      • 2022 Easter
      • 4-29-22, Join the Pack day
      • 5-13-22 ARC Scholarship Ceremony
      • 5-18-22 ACT Lab Typing Contest
      • 5-20-22 Kathleen's Retirement Party
      • 2022 Halloween
      • 2022 Christmas & Awards
    • People and Their Creations
    • People and their Creations 2
    • Tumblr
    • Staff Use

Kurzweil A.6

Directions

Read the article using Kurzweil, answer the questions below, and turn in by clicking the Submit button at the bottom 

How companies make money 

What we'll learn:

1) What costs do a company need to know to calculate profit?

2) What's the difference between an initial cost and a daily cost?

3) Are lemonade stands worth it?

Maybe in some magical land filled with rainbows and lollipops, all companies would be out to help us live happy, productive lives. Alas, in the cold, cruel world we live in, most companies are here to make money.

How do they do this? First, they figure out how much it costs to set up the company. If you're setting up your lemonade stand, you'll have to make signs and buy a chair, a stand, and a pitcher. These are one-time costs. 

Then your company needs to tally its daily expenses and figure out how much it will cost to buy the lemons, sugar, water, ice, and cups.

You also have to figure in how much to pay your worker: the guy who pours the cups of lemonade, undoubtedly with a smile on his face.

By adding one-time costs and daily costs, companies determine how much they have to spend to produce a cup of lemonade. 

Next, the company has to figure out how many cups of lemonade it needs to sell, and at what price. This is where companies have quite a bit of flexibility.

Let's say the initial cost per cup is $0.20 and you're going to charge $0.50 per cup. That means you make $0.30 for every cup sold.

How many cups of lemonade do you need to sell to pay someone $10 per day to watch the stand?

Do the math — you have to sell 40 cups of lemonade at a $0.30 per-cup profit to make $12, but after paying $10 to the person sitting there, you make $2.

If you make $2 per day and you don't have to work there, that's pretty good.

If it's a hot day and people want lemonade, you can charge more. By charging $1 and selling 20 cups of lemonade, you make $0.80 per cup, or $16 per day. 

After paying the person who poured all that lemonade, you're left with $6.

In essence, that's how companies make money — by offering the best product that people want at the right price.


Three Facts to Wow Your Friends at a Party

1) The "Ponzi Scheme" was devised by a New York grifter named William Miller, who bilked investors out of $1 million — nearly $25 million in today's dollars — in 1899.

2) In 2005, 21-year-old student Alex Tew made a million dollars with The Million Dollar Homepage, which was a 1,000 × 1,000 pixel grid where he sold each pixel for $1.

3) Coca-Cola was originally intended as a "patent medicine" when it was invented in the late 19th century by pharmacist John S. Pemberton.


Show Us the Money 

So a company buys some things, makes some things, and then sells some things people want to buy. Whatever money they have left over is their profit. Pretty straightforward, isn't it?

You'd think so, but there are countless examples of companies that forgot how simple it should be to make money.

Take the dot-com era back in the '90s: Hundreds of small companies cropped up, and many people thought they were going to become millionaires.

Why? All because they had an idea of how their business was going to use the Internet to make everyday responsibilities (such as buying pet supplies) faster and easier.

Everything looked great for a while — until the bubble exploded and everything came crashing down. Why did things go kablooey? The answer is simple: Most of these companies weren't making any money.

They had an idea of how their company was going to rake in millions by going virtual, but they never actually sold anything that brought in any cash.

Looking back, it seems they forgot one simple axiom: You can't expect to stick around if you aren't making any money.

But then you have Amazon.com (AMZN) — they also weren't making any money when they started in 1994.


It took them seven years to finally start reporting profits.

The difference between Amazon and the dot-com duds? Amazon had a great idea that was already bringing in cash. It just took a while for them to make enough money to cover their start-up expenses and begin generating some profit.

Another factor companies can use to calculate their profit is how they're going to price their product. If you sell glasses of lemonade for $1 instead of $0.30, you'll make a lot more money on each sale.

But you would also probably lose sales, because not as many people would be willing to shell out that much for your precious — and pricey — drink.

Amazon is catching some flak for this right now with their electronic book reader, the Kindle HD. Some people think it's too expensive at $299. So Amazon could lower the price and sell more of them, or keep the price high and make more off of each one.

This will affect how much money Amazon makes, and it's an important balance all companies need to consider.

Of course, that comes after taking care of the most important part of a business: making money in the first place.

Submit
Powered by Create your own unique website with customizable templates.
  • Home
  • LABS
    • CAI (HSS102) >
      • CAI Classes >
        • CAI Student Survey
        • LNSK 331B Reading Lab >
          • Syllabus
        • LNSK 331C Writing Lab
        • LNSK 331E T & R Lab
        • LNSK 331G AP Strategies >
          • Week 1 - 331G >
            • Syllabus - 331G
            • Attendance Contract
            • AP Schedule for Students
            • Orientation Checklist
            • AP Information Sheet
            • Information Goals and Results
          • Week 2 - 331G >
            • Checklist
            • Project Outline
          • Week 3 - 331G >
            • Brain Builder
            • Conference Reminder
          • Week 4 - 331G >
            • Goal Setting
            • Personal Listening Goals
          • Week 5 - 331G >
            • Ear Anatomy
            • AP Message RE Class Assignment
          • Week 6 - 331G >
            • Mid - Semester Summary
          • Week 7 - 331G
          • Week 8 - 331G >
            • Mid - Semester Gathering
            • Mid - Semester Week Special
          • Week 9 - 331G >
            • emWave
            • Heart
            • Brain and Emotions
          • Week 10 - 331G >
            • Listen Exhibit
          • Week 11 - 331G >
            • Catch Up
          • Week 12 - 331G >
            • Tomatis
          • Week 13 - 331G >
            • Sensory Diet
          • Week 14 - 331G
          • Week 15 - 331G >
            • Final Reflection
          • Week 16 - 331G >
            • Final Gathering
        • LNSK 332 Reading Skills >
          • Syllabus - 332
          • Week 1 - 332
          • Week 2 - 332
          • Week 3 - 332
          • Week 4 - 332
          • Week 5 - 332
          • Week 6 - 332
          • Week 7 - 332
          • Week 8 - 332
          • Week 9 - 332
          • Week 10 - 332
          • Week 11 - 332
          • Week 12 - 332
          • Week 13 - 332
          • Week 14 - 332
          • Week 15 - 332
          • Week 16 - 332
          • Week 17 - 332
        • LNSK 333 Writing Skills >
          • 333 Flashcards
          • Syllabus - 333
          • Week 1 - 333
          • Week 2 - 333
          • Week 3 - 333
          • Week 4 - 333
          • Week 5 - 333
          • Week 6 - 333
          • Week 7 - 333
          • Week 8 - 333
          • Week 9 - 333
          • Week 10 - 333
          • Week 11 - 333
          • Week 12 - 333
          • Week 13 - 333
          • Week 14 - 333
          • Week 15 - 333
          • Week 16 - 333
          • Week 17 - 333
          • LNSK 333 Blog
        • LNSK 352 T & R Skills >
          • Syllabus - 352
          • Week 1 - 352
          • Week 2 - 352
          • Week 3 - 352
          • Week 4 - 352
          • Week 5 - 352
          • Week 6 - 352
          • Week 7 - 352
          • Week 8 - 352
          • Week 9 - 352
          • Week 10 - 352
          • Week 11 - 352
          • Week 12 - 352
          • Week 13 - 352
          • Week 14 - 352
          • Week 15 - 352
          • Week 16 - 352
          • Week 17 - 352
        • LNSK 306 ADD Strategies >
          • Syllabus - 306
          • Week 1 - 306
          • Week 2 - 306
          • Week 3 - 306
          • Week 4 - 306
          • Week 5 - 306
          • Week 6 - 306
          • Week 7 - 306
          • Week 8 - 306
          • Week 9 - 306
          • Week 10 - 306
          • Week 11 - 306
          • Week 12 - 306
          • Week 13 - 306
          • Week 14 - 306
          • Week 15 - 306
          • Week 16 - 306
          • Week 17 - 306
    • ACT (HSS101) >
      • ACT Classes >
        • ACT Student Survey
        • LNSK 320 >
          • Chapters 1-5 >
            • Chapter 1 >
              • 1-1 Font, Font Size
              • 1-2 Font Color
              • 1-3 Bold, Italic, Underline
              • 1-4 Special Characters
              • 1-5 Highlighting
              • 1-6 (Sans)Serif
              • 1-7 Add Fonts
              • 1-8 Line & Paragraph Spacing
              • 1-8 Double Spacing
              • 1-T-1
              • 1-T-2
              • 1-T-3
            • Chapter 2 >
              • 2-1 Numbered List
              • 2-2 Bulleted List
              • 2-3 Paragraph Alignment
              • 2-4 Double Spacing
              • 2-5 Horizontal Line
              • 2-T-1
              • 2-T-2
              • 2-T-3
            • Chapter 3 >
              • 3-1 Creating a Table
              • 3-2 Formatting a Table
              • 3-3 Table in a Letter
              • 3-4 Adding Columns & Rows
              • 3-T-1
              • 3-T-2
              • 3-T-3
              • 3-T-4
              • 3-T-5
            • Chapter 4 >
              • 4-1 Word Count
              • 4-2 Translate a document
              • 4-3 Make a Copy and Save in Different Formats
              • 4-4 Spell Check
              • 4-5 Synonyms
              • 4-6 Definitions
              • 4-T-1
              • 4-T-2
              • 4-T-3
              • 4-T-4
            • Chapter 5 >
              • 5-1 Copy/Paste
              • 5-2 Cut/Paste
              • 5-3 Undo/Redo
              • 5-4 Find & Replace
              • 5-5 Format Painter
              • 5-6 Print
              • 5-T-1
              • 5-T-2
              • 5-T-3
              • 5-T-4
          • Chapters 6-10 >
            • Chapter 6 >
              • 6-1 Superscript/Subscript
              • 6-2 Strikethrough
              • 6-3 List Styles
              • 6-4 Headings
              • 6-T-1
              • 6-T-2
              • 6-T-3
            • Chapter 7 >
              • 7-1 Margins
              • 7-2 Left & 1st Line Indent
              • 7-3 L, R, Center Tabs
              • 7-4 Indent
              • 7-5 Header & Footer
              • 7-T-1
              • 7-T-2
              • 7-T-3
            • Chapter 8 >
              • 8-1 Image: Upload
              • 8-2 Image: By Url
              • 8-3 Image: Stock
              • 8-4 Text with links
              • 8-5 Images with links
              • 8-6 Insert: Drawing
              • 8-T-1
              • 8-T-2
              • 8-T-3
            • Chapter 9 >
              • 9-1 Cover Letter
              • 9-2 Resume
              • 9-3 Memo
              • 9-4 Keyboard Shortcuts
              • 9-5 Research
              • 9-T-1
              • 9-T-2
              • 9-T-3
              • 9-T-4
          • Syllabus
        • LNSK 325 >
          • Christian Longo
          • Kurzweil assignments >
            • Kurzweil A.1
            • Kurzweil A.2
            • Kurzweil A.3
            • Kurzweil A.4
            • Kurzweil A.5
            • Kurzweil A.6
            • Kurzweil A.7
          • Syllabus
        • LNSK 329 >
          • Syllabus
        • LNSK 331D >
          • Math Resources
          • Syllabus
        • LNSK 331F >
          • Clash Royale Cards
          • Making money playing games
          • Clash Royale- Making a Card
        • LNSK 331C >
          • 331C Syllabus
    • 3D Printing
    • Typing Club
  • Assistive Tech
    • Activities and Games
    • Chromebook
    • Smart Pen
    • Live Captions >
      • Captions in Youtube
      • Captions in Android
      • Captions in Chromebook
    • Accessibility
  • Alternate Media
    • Intro to Alternate Media
    • Guidelines
    • Ordering
    • Using
    • Kurzweil Academy
    • The 3 Kurzweils
    • Kurzweil Desktop >
      • Install Kurzweil
      • Desktop Kurzweil Lessons >
        • Lesson 1-1
        • Lesson 1-2
        • Lesson 1-3
        • Lesson 1-4
        • Lesson 1-5A
        • Lesson 1-5B
      • Open from Universal Library - Kurzweil Desktop version
      • Kurzweil FAQs from LTU
    • Kurzweil Web-based >
      • Web-based Kurzweil Orientation
      • Open from Universal Library - Kurzweil Web-based version
      • Web-based Kurzweil Lessons >
        • Web Lesson 1-1
        • Web Lesson 1-2
        • Web Lesson 1-3
        • Web Lesson 1-4
        • Web Lesson 1-5A
        • Web Lesson 1-5B
        • Web Lesson 1-6
        • Web Lesson 1-7
        • Web Lesson 1-8
        • The Writing Process - Using Kurzweil
    • Kurzweil Read the Web
  • TRAINING
    • Check Priority Registration
    • Canvas
    • Gmail
    • Google Workspace
    • Cloud Computing
  • People
    • Pictures >
      • Photo Archive >
        • Years Gone By
        • 2012 Lab Under Construction
        • 2012 Furniture
        • 2013 MPC Campus
        • 2004 Awards and XMAS party
        • 2009 Awards
        • 2010 Awards
        • 2011 Awards
        • 2012 Awards
        • 2013 Awards
        • 2014 Awards
        • 2015 Awards
        • 2016 Awards
      • Info Videos
      • 2017 Awards
      • 2018 Awards
      • 2018 Halloween
      • 2019 Halloween
      • 2020 Awards
      • 2021 Awards
      • 2021 Halloween
      • 2021 Thanksgiving
      • 2021 Holiday Party
      • 2022 Easter
      • 4-29-22, Join the Pack day
      • 5-13-22 ARC Scholarship Ceremony
      • 5-18-22 ACT Lab Typing Contest
      • 5-20-22 Kathleen's Retirement Party
      • 2022 Halloween
      • 2022 Christmas & Awards
    • People and Their Creations
    • People and their Creations 2
    • Tumblr
    • Staff Use