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Excel Modeling: Sports Feet Manufacturing
Planning and Implementing the Model
The first step in this modeling exercise was to plan for the variables that will later be used in the desired calculations. Annual fixed cost ($52,000), unit variable cost ($9), and unit selling price ($25) need to be utilized as inputs for calculations on outputs such as annual revenue, annual total cost, and annual profit / loss (). This data was then placed in a Spreadsheet model for the Profit / Loss analysis. Calculations an outputs used Excel calculations to calculate annual revenue (unit sales*quantity sold), annual variable cost (quantity sold*unit variable cost), annual total cost (annual revenue+annual fixed cost), and annual profit/loss (annual revenue-annual total cost). The model is shown below with the appropriate calculations as well as on the original spreadsheet.
Profit / Loss for Sports Feet Manufacturing
Unit Sales Price
Annual Fixed Cost
Healthcare Break Even Analysis
Break Even Analysis
Gasoline and auto repairs
Rent or Mortgage
Repairs & Maintenance
axes (Real Estate, Etc.)
BREAKEVEN SALES LEVEL
ransition from ICD9 to ICD
he transition from ICD9 to ICD10 is definitely a complicated process that must be accomplished with a certain degree of reliability in order to ensure that there is a smooth roll out of ICD10. his process has to be successful by October of 2015, because the entire activities of Pacific Ocean Hospital are at stake if it is not. As manager of the HIM department, I play an important role within that transition.
First and foremost, I must be the voice to keep the process going on track. Even though there is a full year before the hospital has…
The transition from ICD9 to ICD10 is definitely a complicated process that must be accomplished with a certain degree of reliability in order to ensure that there is a smooth roll out of ICD10. This process has to be successful by October of 2015, because the entire activities of Pacific Ocean Hospital are at stake if it is not. As manager of the HIM department, I play an important role within that transition.
First and foremost, I must be the voice to keep the process going on track. Even though there is a full year before the hospital has to be fully compliant with the transition, the pace of the work towards ICD10 cannot slow down. There is still so much to do, and we need room for adjustments in case there are any problems along the road. Thus, it is my duty as HIM manager to keep a strong pace. I can accomplish this by working with HIM and other hospital staff to set goals for process completion steps and then working with the staff to ensure that those goals are met on the designated due dates.
Additionally, it will be my job to spearhead communications between the departments to ensure a smooth transition. The complicated classification and coding procedures in ICD10 will require that hospital staff learn the differences between ICD9 and ICD 10. I must facilitate an open dialogue that allows departments to ask questions and seek answers about any new changes within the ICD10 systems to be put in place. The AHIMA has recently released a Leadership Model for HIM managers that can help clarify how I can work through certain situations and provide strong leadership for my team at the hospital. This requires that I understand ICD10 very thoroughly so that I can then be a source of knowledge for my staff who may be having issues understanding or digesting the new coding and classification material.
Costing Case Study
The managers at Pringly Division need to make a decision regarding the pricing of a new product. There are two strategies suggested; the first is for the product to be sold at $170, the second strategy is to increase the marketing and increase the price. In both cases, the firm has a requirement that they will make a $4,000,000 profit. In order to assess which is likely to provide the best opportunity for Pringly each of the pricing strategies may be assessed individually, looking at the number of units required to break even, and then at the number of units that need to be sold to realize the desired level of profit.
$170 Selling Price
If the product is sold at a $170 price, there will be a total of $200,000,000 in fixed costs. Knowing that the variable cost per unit is $30, one can work out…
Libby, Robert; Libby, Patricia; Short, Daniel G, (2011), Financial Accounting, McGraw-Hill Higher Education
Mankiw, Gregory; Taylor, Mark; Ashwin, Andrew, (2013), Business Economics, Cengage Learning
Levels (in millions)
Company Operating Stores
CPG, food service, & other
Cost of Sales
Total Operating Expenses
Income from equity investees
Earnings efore Tax
This flexible budget was done for Starbucks Corporation and is an annual budget for the year 2012. Caribou Coffee is one of Starbucks Corporation's largest competitors. Caribou Coffee's annual projected sales growth for 2012 is 10%. (Caribou Coffee Reports Fourth Quarter and fiscal Year 2011 Results, 2012). Even though Caribou had a consolidated sales increase of 15.0% for the year 2011, for a competitive basis, a flexible budget was done based on the 10% annual projected increase for the year 2012.
Starbucks had a sales growth of 6% decrease for 2009, 7% increase for 2010, and…
Starbucks Investor Relations. (2011). Retrieved from Starbucks Corporation Fiscal 2011 Annual Report: http://investor.starbucks.com/phoenix_zhtml?c=99518&p=irol-reportsAnnual
Caribou Coffee Reports Fourth Quarter and fiscal Year 2011 Results. (2012, Feb 22). Retrieved from Business Wire: http://www.business wire.com/news/home/2012.../Caribou-Coffee-Reports-Fourth-Quarter-Fiscal-Year
United States GDP Growth Rate. (2012, May 7). Retrieved from Trading Economics: http://www.tradingeconomics.com/united-states/gdp-growth
Accounting Principles, 8th Ed. (n.d.). Retrieved from Budgetary Control and Responsibility Accounting: http://highredbcs.wiley.com/legacy/college/weygandy/0471980196/ppt/ch24.ppt
Leadership within the movie "We Were Soldiers Once and Young"
Perhaps due to the very nature of the United States military, it regularly provides examples for some of the most salient concepts associated with leadership and the roles that supervisors must play while guiding others in an organization. This fact explains why there is a reoccurrence of military themed movies to populate the U.S. filmmaking market -- these films are about more than simply patriotic propaganda; they actually show some of the most difficult challenges that human beings face while in positions of leadership. This explanation accounts for the original research performed in this paper, which merely consists of viewing the 2002 film We Were Soldiers and identifying some of the most visible aspects of leadership that the movie presented. These aspects are in turn deconstructed so that they can provide insight into the role of leaders for virtually any…
Arnold, W. (2012). Powerful, realistic 'We Were Soldiers' aims straight for the gut. www.seattlepi.com. Retrieved from http://www.seattlepi.com/ae/movies/article/Powerful-realistic-We-Were-Soldiers-aims-1081824.php
Hope, J.A. (2012). Leading by example. American Thinker. Retrieved from http://www.americanthinker.com/2012/10/leading_by_example.html
Scott, A.O. (2002). We were soldiers. The New York Times. Retrieved from http://www.nytimes.com/movie/review?res=9900E6DD1331F932A35750C0A9649C8B63
Schmidt, A. (Producer), Wallace, R. (Director). (2002). We Were Soldiers [Motion Picture]. United States: Paramount.
CONTIBTION MAGIN AND BEAKEVEN ANALYSIS a) Breakeven analysis implies the estimation of the revenue level necessary to run a business on a breakeven basis. Every manager should make sure that the sale price for a product or service will cover the variable costs incurred during the production of that product or service, and that there is a sales margin that covers fixed costs as well. Obviously, at this point, the company doesn't make any money, so some profit margin is also necessary. Performing a breakeven analysis reveals the real factors behind the profit potential of an organization, as varying the assumptions regarding sales levels and costs gives a more clear picture of the issues in question. Factors and assumptions in a buyer's business plan (such as the ability to set prices) are emphasized as a result of this type of analysis.
Before Maria should accept a large bulk order, she…
1. Mergent Online: Company Analysis Oracle Corp. (NMS: ORCL) Income Statement
2. Breakeven Analysis - basics http://www.for-a-better-business.com/4_business_advice/business_financials_accounting/business_financials_accounting_txt/breakeaven_analysis.txt
3. Cost Structure of Enterprises and Break-Even Charts by Joel Dean, Columbia University, The American Economic Review, Vol. 38, No. 2, Papers and Proceedings of the Sixtieth Annual Meeting of the American Economic Association (May, 1948), 153-164
Breakeven Analysis: Cisco Wireless Solutions
In this SLP, I will apply breakeven analysis to one of Cisco's Wireless Solutions for small business. The unit of measurement that we are looking at is the sale of individual Outdoor Wireless Access Points -- these devices allow companies to extend their wireless networking capabilities outdoors to courtyards, porches, balconies, and parks. Outdoor wi-fi access points have also been used by civic organizations to create "wireless clouds" in cities like Portland, O and Atlanta, GA. The activity I am applying breakeven analysis to is a possible change of supplier for the weatherproof plastic casing of the outdoor access points. This change would reduce each unit's cost by $5.
As an example, the retail sale price of a Cisco 1310 Aironet Access Point is $849.00 through Tiger Direct. Fixed costs for this item would cover the. Variable costs would include electronic components, research and development,…
Cisco, Quarterly Financial Results FY2011. Retrieved from http://investor.cisco.com/results.cfm , July 28, 2011.
assist the Pringly Division to set up the appropriate pricing for the new product. To achieve this objective, the paper carries out the break-even analysis that will assist the company to fix the appropriate pricing and quantity for the new product.
The company had not been able to achieve its sales target in the past making the company to lose some profits. Thus, the company has decided to reduce its budget to avoid disappointment of the past. Thus, the company has set up different targets to follow and the targets will be evaluated to assist the company to make appropriate decision on the pricing of the new product:
The first strategy is to fix the selling price of the new product to $170 per unit carrying the annual fixed costs of $20,000,000.
The second alternative is to increase the cost of promotion and advertising and set the selling price of…
Break Even Point Analysis
Using the "Front Lines" case study, various Break Even points can be calculated with the given data provided. In order to calculate these Break Even Points for Total Fixed Costs, Average Net evenue, and Average Variable Costs, the following equations will need to be used:
Break Even TFC= V x (AN-AVC)
Break Even AN= AVC + (TFC / V)
Break Even AVC= AN-(TFC / V)
Fixed Costs of Overhead
Fixed Costs of Salaries
Variable Medical Supplies Costs
Break Even Point for Operations
TFC / (AN-AVC)
Fixed Staff Costs
AVC and TFC
Number of Visits per Year
Average Net evenue per Visit
Break Even Point Operations
Cost Volume Profit Analysis. Chapter 6.
Smith, Donna. (2013). Reimbursement impact of ICD-10: Should you be concerned? Healthcare Executive Insight. Web. http://healthcare-executive-insight.advanceweb.com/Features/Articles/Reimbursement-Impact-of-ICD-10-Should-You-Be-Concerned.aspx
financial break even point?
Given the incomplete data, it is hard to quote any specific figure. Elements that need to be conidered include the amount of workers that the agenyc employs, the calibre and brand of tools that they purchase as well as the details of other 'material' and quality and quanitty of this material.
Their location needs to be considered; their amount of rental; expense for utilities; travel expense, detials of office equiqment, and so forth. Only once these and related information is known can one figure out the financial break even point that the agency needs to make in order to make a profit.
What is the source of investment capital?
The company partners with financial and real estate corporation will invest in agency.
How will you use financial information to craft a business strategy?
Financial information will be used in both self-evaluation of organization and competitor analysis,…
NetMBA. Financial ratios http://www.netmba.com/finance/financial/ratios/
Lamb, Robert, Boyden Competitive strategic management, Englewood Cliffs, NJ: Prentice-Hall, 1984
Total Design Process such as product design specification. It explores all the details of product design and development process while handling all the basic concepts of the initial design. It also gives all the details of the embodiment design and all the important attributes that are a must in the process of Total Design Process. The paper also explores the utilization of the common tools and techniques of design such as DFMA and FMEA. The paper succinctly explores all the aspects that are of importance to the success of any process of material design and general manufacturing process.
A product design specification (PDS) is an expression of a not yet designed that product is meant to be produced from scratch. Its objective is to make sure that the resulting design and development of a certain product meets the standards expected by the end user.
The PDS acts as the very…
CROSS, N., (2006). T211 Design and Designing: Block 2,-page 99.
Hollins, W & Hollins G.Total Design: Managing the Design Process in the Service Sector
The Open University (UK), (2001). T881 Manufacture Materials Design: Block 1: The design activity model,-page 10. Milton Keynes: The Open University.
Dibsa should turn towards the market-based pricing strategy, which sees the implementation of competitive prices for the 3-in-1 Lawnmower. The selection of this combination of strategies would generate several impacts upon the company, but most of them would be obvious at product lifecycle level. In this order of ideas:
The sales revenues would be significantly high throughout the first six months and they would allow the company to cover for the large costs incurred in the manufacturing of the product as well as register profits; they would however decrease with the implementation of the market pricing strategy and the 3-in-1 Lawnmower would metamorphose from a star product into a cash cow
The costs incurred in the manufacturing of the new lawnmower have already begun to decrease and will continue to do so; the actual impact of the pricing strategy is limited, with the specification however that these costs will not…
Berman, K., Knight, J., Case, J., 2006, Financial Intelligence: A Manager's Guide to Knowing what the Numbers Really Mean, Harvard Business Press
Bolander, S.F., Gooding, C.W., Mister, W.G., 1999, Transfer Pricing Strategies and Lot Sizing Decisions, Journal of Managerial Issues, Vol. 11
Drudy, C., 2004, Management and Cost Accounting, 6th Edition, Cengage Learning EMEA
Goetz, Jr., J.F., 1985, the Pricing Decision: A Service Industry's Experience, Journal of Small Business Management, Vol. 23
The above table indicates that the sales volume which is required in order to achieve a $100 M. profit at a price of $245 with an &D investment of 30% is 1,676,190 units. This is calculated by dividing the total revenue accrued by the unit price.
The product X6 has been in the market for a total of 2 years. Unlike the product x5, the customers take great consideration of the product quality while making the purchase decision. The provision of a better quality can be achieved by increasing the &D investment for the product. There is also a need for a price increase in order to take advantage of the investment. The expected target profits is considerably higher than the one for X6 due to the fact that the product would soon reach its peak moments and then roll into maturity phase.
The X6 product will attract a…
Cafferky, M and Wentworth, J (2010.Break Even Analysis. Business Expert Press, 2010
Horngren, CT., Datar, SM., Foster, GM (2006).Cost Accounting: A Managerial Emphasis, Twelfth Edition, Pearson Education, Inc.
Finance: Variance Analysis
Describe how variance analysis can be applied to flexible and static budgets
A variance is the difference between an actual amount and a budgeted amount. Budget variances are used by management in their control and planning decisions, particularly in the case of management by exception, which entails identifying areas that are not performing according to plan, and dedicating more attention to the same. Variance analysis has to do with the calculation of variances, and identification of the possible causes of the same. It essentially involves comparing and monitoring actual vs. planned costs, with the aim of identifying trends, threats, and opportunities - and adjusting strategies, goals and objectives if need be (Steffan, 2008). Towards this end, variance analysis helps managers evaluate business performance by assessing the level of effectiveness -- the degree to which targets have been met; and the level of efficiency -- the input cost…
Jackson, S., Sawyers, R. & Jenkins, G. (2008). Managerial Accounting: A Focus on Ethical Decision-Making (5th ed.). Mason, OH: Cengage Learning.
Steffan, B. (2008). Essential Management Accounting: How to Maximize Profit and Boost Financial Performance. London: Kogan Page Ltd.
Profit (CVP) analysis is noted by Cafferky and Wentworth (2010) to be an important decision making tool for managers. CVP helps managers in understanding the connection between the cost and volume with organizational profits in mind.In our previous exercise, we contemplated going back in time and then coming up with the best choices regarding the manufacture of the three handheld devices- X5, X6 and X7. In this study, we use CVP analysis in guiding our decisions on the manufacture of the three product ranges.As Harngren, Datar and Foster (2006) noted, CVP analysis is important in the formulation of product strategy and policy. Our reliance of CVP analysis is based on the fact that it can help in the making of the right choices on our 3 product ranges since the year 2006.This is done without the need for concentrating on the beginning and end of each and every year's product…
Cafferky, M and Wentworth, J (2010.Break Even Analysis. Business Expert Press, 2010
Horngren, CT., Datar, SM., Foster, GM (2006).Cost accounting: A Managerial Emphasis, Twelfth Edition, Pearson Education, Inc.
Financial Analysis of Bestwish Limited
Bestwish Limited produces extensive range of quality products such as gift dressing, greetings cards, and plush merchandise of more than 50,000 stocks. The production of different categories of products involve between 2 and 15 processes. The company produces standardized products and custom designed products ordered from customers on contract basis. However, Bestwish Limited is facing challenges to control the costs because of varying production process, reliance on indirect costs and large number of stock keeping units.
Bestwish Limited has just closed the 2010 fiscal year account and the company is finalizing the 2011 budget. Bestwish intends to analyze the 2010 financial statement to present the accurate picture of the company financial performances.
Objective of this report is to analyze 2010 financial statements to assess the viability of Bestwish Limited.
Audit Committee of the Board
Subject: Financial statement Analysis
Drury, C. (2009). Management Accounting for Business, 4th Edition (Cengage Learning EMEA, ) ISBN 1408017717.
Harris, R. And Sollis, R. (2003).Applied Time Series Modelling and Forecasting (John Wiley and Sons) ISBN 0470844434
Glynn, J. Perrin, J. Murphy, M. And Abraham, A. (2003).Accounting for Managers, 3rd Edition.(Thomson Learning) ISBN 186152904X
The Times 100, (2012). Financial statements and reporting A Cadbury Schweppes case study. The Times 100 Business Case Studies.
Managers use various analysis for various reasons. The comparative analysis compares line items in statements to past statements that detects changes in the accounts, which could indicate problem areas in operations. The ratio analysis detects emerging trends, weaknesses, and strengths of the business. The cost-volume-profit (CVP) analysis evaluates cost factor behaviors and shows how profits can be affected by the factors.
The comparison analysis is especially important to keep expenses in check. y comparing line items on the financial statements against previous period statements, changes can be detected and investigated. For example, where labor is one of the highest expenses, if labor is higher for this period with approximately the same sales volume, it shows a sign of wasted labor hours that would need to be investigated. Labor may not be being utilized in ways to prevent waste, which cuts into the profits. Another high area of waste…
Brewer, P.G. (2010). Introduction to Managerial Accounting. New York, NY: McGraw-Hill/Irwin.
Campus Gelato Pushcat
FEASIBILITY ANALYSIS REPORT
Poposed on-Campus Gelato Pushcat Plan
Backgound and Pupose of Feasibility Analysis
Pimay Reseach -- On-Campus Suvey
Pimay Reseach -- Management Inteview
Pimay Reseach - Pofit Analysis
Cost of Goods Sold
Pefeed Gelato Pushcat Locations
Pefeed Season fo Gelato Consumption
Students' Pediction of Pe Week Gelato Puchasing
Student Pice Pefeence fo Single Scoop
Summay Repot - Entepeneuship
Backgound and Pupose of Feasibility Analysis
Backgound. Bond Univesity main campus is located in a egion with wam sping, summe, and fall weathe. This consistently favoable climate fostes student inteest in cool efeshments. Because the campus is elatively isolated, students must dive a consideable distance to the neaest town in ode to have access to a ange of sevices and entetainment sites beyond what is immediately located on-campus. Students cuently can buy…
references are indicated in Appendix D, Break-Even Figures.
Figures for low-end pushcart sales of gelato have been established, using as a day that was partly sunny and partly rainy as a baseline.
Demand for frozen treats was estimated by the manager based on his experience in the restaurant (i.e., ice cream).
Permission for licensing the gelato pushcart is embedded in the restaurant's operating license and health inspections. However, permission must also be obtained from the University to operate the pushcart on campus.
The restaurant manager has tentatively accepted a proposal for a partnership with the gelato pushcart operations. The first-pass agreement is that the restaurant will procure supplies, make the gelato, and store frozen gelato in its facility. In exchange for these services, 30% of the gross profit is to go to the restaurant. The distribution and sales of the gelato will be carried out by the entrepreneurial team.
marketing data collected to analyze the economic performance of the Hideaway Hotel. It consists of annual and monthly economic data, a forecast of next year's performance, and an interpretation of statistical data gathered from the hotel's guests. It also includes a break-even analysis and suggestions to the firm that will help to restore its profitability.
Collect data on the main macro indicators and assess current macroeconomic conditions. Describe briefly the expected impact of these on sales and costs of the business.
he Economist Intelligence Unit expects continued fiscal operating surpluses over the next several years, but also maintains that increases in government spending are not likely as the government focuses on building up the new pension fund. his fund should put more money in the hands of pensioners, who regularly go on seaside vacations. he Economist expects GDP growth to slow from 2.7% in 2003 to 2.5% in 2004, but…
The margins of error were acceptable in analysing the sample: most of the variables consisted of small numbers (between one and five) and the sample size was 200, which is adequate for the determination of data. Population analyses were not used to analyze data for the American guests. The numbers were normally distributed and I was able to interpret customer data with a reasonable amount of certainty.
Statistical data shows that the firm consistantly operates at a loss during the fall and winter months. The modal motel guest is from New Zealand, consists of a couple with a child, and spends two days at the motel. The modal guest is extremely likely to eat at the restaurant and somewhat unlikely to engage in other activities such as sailing. Principal expenses are related to staffing. If the hotel were to close its doors during the winter or limit operation to being open on the weekend, revenues would be slightly better than they are now.
Information that would still be of interest includes that regarding monthly data for 2001; between 2001 and 2002 profitability slumped considerably. This could be the result of several reasons; one is probably the failure of the organization to attract return visitors from New Zealand. A future study would determine the cost of mothballing the Motel during the winter as it is immensely unprofitable during that time. In some months, losses exceed costs not related to labor.
easters, Springfield's new Class A minor league baseball team had to solve the common issue of earning sufficient revenues from concession and ticket sales that would help fund their jobs in Springfield. The issue was aggravated by knowing that the Falcons, the only other professional sports team in Springfield, would have to leave because they failed to gain enough revenue from ticket and concession sales. The limitations were that only the budget of players' salaries as well as ball and bat expenses were funded by major league teams. Any and all other expenses, the minor league teams were accountable for and had to pay. Therefore, Nor'easters had to figure out a pricing policy that will them to break-even or make profit in order to raise revenues for their other expenses. If they failed to do so, they would have to follow the Falcons and move out of Springfield.
Broken Window Theory
The "broken windows" theory of crime prevention and control is perhaps one of the most widely discussed and least understood law enforcement paradigms, due to the relative simplicity of the theory and the ostensibly dramatic reductions in crime offered by the first studies of cities in which a "broken windows" policy was implemented. The policy was first proposed in the early 1980s, but it was not until the 1990s, when New York adopted a broken windows policy and saw a drop in crime rates, that the theory became widely popularized. However, subsequent analysis of these drops in crime as well as other detrimental effects of a broken windows policy helps to reveal that the gains initially promised by the results in New York and other cities is not indicative of a broken windows policy in general, and in fact, many of these reductions in crime may be…
Distler, M. (2011). Less debate, more analysis: a meta analysis of literature on broken windows policing. ProQuest Dissertations and Theses.
EDITORIAL: 'broken windows' and crime (2007). . United States, Washington: McClatchy
Tribune Information Services.
Edwards, S. (2009, May 20). Violent crime on rise in manhattan; fewer tickets issued. National Post, pp. A.24.
It is known that the membership fee is $26. Using this, the variable cost per member can be calculated, as shown in table 2.
evenue per member (a)
Fixed costs per member (b)
Variable cost (a-b)
If the membership fee is $26 per member, the membership fee, less the fixed cost (at the break even point) will give the variable cost per member.
The information in tables 1 and 2 can be used to assess the number of membership the Snap Fitness will need to sell each month if they wish to make a profit of $10,000 per month. As seen above, it is the contribution per unit that will initially pay for the fixed costs and then the profit. To calculate the sales needed for a predetermined profit level, the required profit should be added to the fixed costs. That total may then be divided by…
Horngren, Charles T; Foster, George; Datar, Srikant M; Rajan, Madhav, (2008), Cost Accounting: A Managerial Emphasis, Prentice Hall
Kinney, Michael R; Raiborn, Cecily a, (2012), Cost Accounting: Foundations and Evolutions, South-Western College Pub
Assuming no other fixed costs
Technical Analysis in the Implication of Efficient Market Hypothesis on Silver Market
The thesis is for the study of simple commonly used technical trading rules, which are applied on silver market. It covers years 1989 to 2005. A famous study carried out by Lakonishok, Lebaon and in year, 1992 has clearly shown that technical analysis can lead to abnormal prices when compared with buy-and-hold strategy. Other studies have been carried out and found out that technical trading rules cannot over-rule passive investment management strategy. The study uses Brock et al.'s methodology. Several trading rules are discussed (Dawson & Steeley 2003).
In financial theory, efficiency of financial silver market is highly disputed. This has led to many attempts to explain efficiency of silver markets. Eugene.F. Fama formulated the most famous definition in 1970 referred to as the, Efficient Silver market Hypothesis (EHM). The basis of the hypothesis is that…
Alexander, S.S. (1964) 'Price Movements in Speculative Markets: Trends or Random Walks'. Industrial management Review 5 (2), 25-46
Brock, W., Lakonishok, J., & LeBaron, B. (1992) 'Simple Technical Trading Rules and the Stochastic Properties of Stock Returns'. Journal of finance 4, (5), 1731-1764
Chang, P.H., & Osler, C.L. (1999) 'Methodical Madness: Technical Analysis and the Irrationality of Exchange Rate Forecasts'. Economic Journal 109 (458), 636-661
Dawson, E.R., & Steeley, J. (2003) 'On the Existence of Visual Technical Patterns in the Uk Stock Market'. Journal of Business Finance and Accounting 30 (1-2), 263-293
Financial Analysis of Mcdonald
A financial analysis McDonald's Cor
McDonald Corporation is a global company that conducts business in 117 countries. McDonald operates 32,737 restaurants and 26,338 franchises in the highly competitive fast food industry. Since 1940, McDonald has built a loyal customer base by continuing dedicating to customer service and providing high quality fast food for customers. Presently, McDonald could boast of over 60 millions customers and the company serves average of 64 millions customers daily. In the United States, and other countries where McDonald is operating, fast food business is very competitive. Despite the competition that McDonald is facing, the company has been able to record revenues of more than $16 billions in restaurants and revenues of more than $7 billions in franchise restaurants business. McDonald operates in six geographical locations. The company business operations are in the U.S., Europe, Middle East, Asia-Pacific, Latin America and…
Infinancials (2011). McDonald's Corp. Market valuation multiples. Infinancials.
Mizen, P. (2008). The Credit Crunch of 2007-2008: A Discussion of the Background, Market Reactions, and Policy Responses. Federal Reserve Bank of St. Louis Review. 90(5):531-67.
Putilina, I. (2010). A Financial Analysis of McDonald's Corporation. Economic Research Center.
Stapleton, R.C & Subrahmanyam, M.G.(2009). Interest Rates and Foreign Exchange Risks: An Overview of Hedging Instruments and Strategies. University of Lancarster.UK.
Case analysis Pharma Technologies: A biotechnology firm, Pharma Technologies, developed a competing method treatment erectile dysfunction
Pharma Technologies Inc. based in Canada at a major medical research University in February 1999, wanted to develop a product to compete with Viagra which is developed by Pfizer. PTI obtained a patent for developing a revolutionary sexual dysfunctional treatment drug. The company is faced with financial problems to assist it in developing the new drug. Before a drug can receive full approval by the Food and Drug Administration (FDA), it needs to undergo several testing phases. These testing phases consume a lot of time money. The case study indicates that it can cost over $500 million and take 10 years before the drug is approved for manufacturing and marketing Herbert, 2004.
The patent the company obtained has a life span of 20 years. The patent is obtained when the development process…
http://www.uk.sagepub.com/upm-data/12289_Chapter_1.pdfHerbert , J. (2004). Pharma Technologies Inc., Pg 72-79, from Taylor, R.S., Drummond, M.F., Salkeld, G., & Sullivan, S.D. (2004). Inclusion Of Cost Effectiveness In Licensing Requirements Of New Drugs: The Fourth Hurdle. BMJ: British Medical Journal, 329(7472), 972-975.
Had the organization employed the techniques of activity-based costing, they would have realized the need to change their approach and had started manufacturing small size and fuel efficient engines, as most of the customers were requiring these items. "If Ford [...] had used activity-based costing, they would have realized early on the utter futility of their competitive blitzes of the past few years, which offered new-car buyers spectacular discounts and hefty rewards" (Drucker, 2003).
Unlike absorption costing, marginal costing uses the traditional division into direct, indirect, fixed and variable costs. The accounting method sees that the final marginal cost of a product will be calculated by summing up the direct costs of labor, the direct costs of materials, the direct expenses and the variable overheads (Brown). The applications of marginal costing revealed that Ford was able to support a price advantage relative to General Motors and Chrysler due to its…
Bernstein, L.A., Wild, J.J., 1999, Analysis of Financial Statements, 5th Edition, McGraw-Hill Publishers, ISBN 0070945047
Berry, a., 1999, Financial Accounting: An Introduction, 2nd Edition, Cengage Learning EMEA, ISBN 186152479X
Brown, G., Introduction to Costs Accounting: Methods and Techniques, http://www.globusz.com/ebooks/Costinglastaccessed on March 9, 2009
Drucker, P.F., 2003, Peter Drucker on the Profession of Management, Harvard Business Press, ISBN 1591393221
Barnes and Noble Strategic Analysis
In evaluating a business strategic positioning, the research approach relates towards Barnes & Nobles' seven main areas of focus relating towards the company's annual report, investor relations summary notices, and corporate governance. By reviewing a variety of available public company's governance, proper research can start to measure strategic approaches effectively. In doing so, the organizational vision, mission, and value statements are from the Barnes & Noble Governance initiative that influences all other strategies, either internally or in the external environment.
The intention behind every organization is to have a successful manifestation of plans and objectives that will elicit equitable control methods and strategies in the company. Barnes & Noble is a multifaceted company that incorporate a number of strategies and planned options to carry out its business entities in the global market. Marketing options involved are rudimentary to the tastes and preferences of the social…
Barnes & Noble (2012) Corporate Governance, retrieved from http://www.barnesandnobleinc.com/for_investors/for_investors.html
Barnes & Noble (2012). Retrieved from http://www.barnesandnobleinc.com/jobs/core_values/our_core_values.html
Barnes & Noble Annual Report, (2011). Retrieved from http://www.barnesandnobleinc.com/for_investors/annual_reports/2011_bn_annual_report.pdf
Barney, J.B. (2007). Gaining and Sustaining Competitive Advantage (3rd ed.). Upper Saddle River, NJ: Pearson Prentice Hall.
price analysis is one of the most important tools used when making a pricing decision. asically, you need to be able to evaluate the costs, fixed or variable, that your company has and examine how the prices you fix for your goods will affect the overall profits of the company. When making a pricing decision, you need to evaluate whether having lower prices and higher volumes of sales (theoretically, when you lower the prices, you would expect the volume of sales to increase) will give out a revenue value enough to cover the costs the company has.
There are three main types of tools that a CVP analysis uses: breakeven analysis, contribution margin analysis and operating leverage. The former allows the company's management to evaluate "the sales volume you need to break even, under different price or cost scenarios"
and may be considered the most important element in a pricing…
1. Managerial Accounting. Class Notes and Lecture Outline. On the Internet at http://fisher.faculty.jsc.vsc.edu/manacct/wk09_manacct.html
2. Cost/Volume/Price Analysis. Business Owner's Toolkit. On the Internet at http://www.toolkit.cch.com/text/P06_7500.asp
Cost/Volume/Price Analysis. Business Owner's Toolkit. On the Internet at http://www.toolkit.cch.com/text/P06_7500.asp
Managerial Accounting. Class Notes and Lecture Outline. On the Internet at http://fisher.faculty.jsc.vsc.edu/manacct/wk09_manacct.html
SWOT Analysis: BRISTOL MYERS SQUIBB
Bristol Myers Sqibb SWOT:Weaknesses and an analysis of their accounting policies
Bristol-Myers Squibb was formed after the merger between Bristol Myers and Squibb Pharmaceuticals. The merger took place in 1989, this merger created the second largest drug company in the world. The company headquarters are in New York City and has a workforce of over 35,000 employees. Since the merger, Bristol-Myers Squibb has endeavored to be the leading developer, marketer and licenser of pharmaceutical healthcare products that are used for treatment of cancer, HIV / AIDS, cardiovascular diseases, hepatitis, and rheumatoid arthritis.
The company has been facing some challenges especially in regards to loss of market share for their biggest selling drugs to the generic drug companies. This mostly happens when the market exclusivity period of the drugs they have invented expires. This forces the company to invest so much in Research & Development so…
Competitive Market Analysis to Determine the Product's Potential Success
Issues that the automobile industry faces that affect its competitiveness and long-term profitability
The relevance of a competitive strategy for Car Company A is to establish a position within the 4-cylinder engine car market. This will help the company to compete with Toyota Corolla (LE) 1.8L four-cylinder engine competitive forces. As a potential entrant, Car Company A is at a disadvantage in capital markets. Unless it penetrates the Cylinder engine market through diversification, its four-cylinder car will be at an inherently riskier position than the established (LE) 1.8L four cylinder engine of Toyota (Maxton & Wormald, 2013). This will be reflected in the risk premiums Car Company A will be forced to pay to attract capital.
Car Company A will face barriers because other players like Toyota enjoy economies of scale in the industry. This means a decline in a product's…
Maxton, G. & Wormald, J. (2013). Time for a model change: Re-engineering the global automobile industry. Cambridge: Cambridge Univ. Press
Fuel Cell Analysis
This report serves as a summary and justification of the fuel cell investment that has been studied and analyzed over the recent months and years. The executives of Acme Incorporated will find within this report that their investment in this initiative will not be for naught and that it will become quite profitable very quickly. The analysis will include a year-by-year breakdown that will account for the cost of the energy to be sold, the revenue from the sold energy, the fixed costs that must be paid, the total depreciation by year, the income taxes by year and the overall profit and loss by hear.
A loss will be incurred the first year, but only to the tune of half a million
Losses will continue until about year six. First profit should be in year 7 and will be about $121,000
Profit will break a million…
Honolulu International Airport (HNL) is one of the world's largest, oldest, and most beautiful airports.
As the principal aviation gateway of the city and county of Honolulu on Oahu in the State of Hawaii, HNL is also identified as one of the busiest airports in the United States. Total traffic now exceeds 21 million passengers a year and is rising (Honolulu International Airport, 2016).
Owned and operated by the State of Hawaii Department of Transportation, HNL covers 4,520 acres of fast and submerged land. The airport itself is larger than the major resort destination of Waikiki, which is located 10 miles to the south (Honolulu International Airport, 2016).
HNL has four active runways, including the 12,000-foot Reef Runway. When it was built, the Reef Runway was the world's first major runway built entirely offshore (Honolulu International Airport, 2016). The airport is served by 27 international and domestic carriers, two interisland…
Rather, the reader is only exposed to the short, choppy explanations of a first person narrator. Very little explanation is given as to why the events are happening or who the characters really are underneath their outward expressions and appearances. This tends to add to the general confusion the narrator feels during the intensely scary situation. One moment the narrator was thinking about tailgating with friends, and the next he is on the floor after being hit by a bus. The level of description coincides with the overall tone of confusion. The events following the initial accident also tend to carry this sense of confusion, but the atmosphere is much faster paced. The hospital and the ensuing trouble the narrator faces is in a much more rapid and hectic atmosphere than the dull and dreary atmosphere seen in Butler's work.
Overall, it is clear that the two works may share…
Butler, Katy. "What Broke My Father's Heart." New York Times. 2010. Web. http://www.nytimes.com/2010/06/20/magazine/20pacemaker-t.html?pagewanted=all
Riederer, Rachel. "Patient." The Missouri Review, 33(1), 2010. Pp 152-166.
One of the most heinous familicide cases in American history occurred in Broken Arrow, Oklahoma in 2015. Two brothers, aged 16 and 18, tortured and killed their parents and three of their five siblings. The older of the brothers, Robert, has been widely considered to be the mastermind of the murder plot and coerced his younger brother into helping him,” (Youngman & Jensen, 2018, p. 1). Both brothers did receive multiple life sentences in the trial that concluded in 2018. Robert had plead guilty in 2016, and the younger brother Michael was tried separately (“Michael Bever, Okla. teen, guilty of fatally stabbing parents, 3 younger siblings,” 2018). In fact, half of the jurors in the younger brother’s trial “sent the judge a letter asking that Michael Bever get the chance to go free one day,” (Silman, 2018, p. 1). The Broken Arrow case shows how two brothers who collaborated on…
break out of war in Afghanistan and Iraq propelled alarming forecasts about its most likely psychiatric effects. he chief of recuperation or readjustment therapy services at the Department of Veterans Affairs (VA) asserted that as high as 30% of soldiers deployed to Iraq may establish posttraumatic tension ailment (PSD) (Dentzer, 2003), a disorder that can arise following experience of gruesome, dangerous occasions, such as battle, natural catastrophes, and rape. PSD patients do not simply remember their injury; they reexperience it as vibrant sensory recollections (flashbacks), horror stories, and invasive ideas. hey feel reduced or small and mentally detached from the family, friends and loved ones, yet likewise stressful, cranky, and hyper-vigilant as if risk were permanently present.
Psychiatry ratified the PSD medical diagnosis in 1980, mainly in feedback to the belated awareness of its signs in Vietnam veterans whose troubles had actually long been improperly comprehended and dealt with. Undoubtedly,…
Trochim, W. (2006). The Research Methods Knowledge Base, 3rd ed. Cincinnati, OH: Atomic Dog Publishing.
Vogt, Dawne S.; Samper, Rita E.; King, Daniel W.; King, Lynda A.; Martin, James A. (2008). Deployment stressors and posttraumatic stress symptomatology: Comparing active duty and National Guard/Reserve personnel from Gulf War I. Journal of Traumatic Stress. Vol. 21 Issue 1, p66-74. 9p.
Yin, R.K. (2008) Case study research: design and methods. 4th ed. London: Sage Publication Inc.
Offenders: Alex and Derek King (12 and 13 when they killed their father)
Theory: Sampson and Laub's Age-Graded Theory of Informal Social Control
One basic premise of the Age-Graded criminology and informal social control theory was that, whilst experiences of childhood and personality traits are vital to comprehending behavioral stability, teenage and adulthood experiences can readdress criminal paths either more negatively or positively. Laub and Sampson discovered, particularly, that marital relationships and employment stability were a key factor in adult criminal change. With increased strength of familial and workplace bonds, deviancy and criminality in the non-delinquent control group as well as in criminals decreased. Further, Laub and Sampson looked keenly into qualitative narratives' ability to facilitate a more individual-centered life course examination. According to them, narratives of life history, together with quantitative techniques may be utilized for creating a more complete and richer image of why certain adult males…
Hurricanes are frequent in certain parts of the United States like Florida. The most prevalent toxin that can wreak havoc after a hurricane is asbestos. "Asbestos is a naturally-occurring mineral that was used extensively up until its dangers became truly evident in the last quarter century. It was used in nearly all aspects of home and building construction because of its fire-retardant and insulation qualities" ("Asbestos emoval after a Hurricane -- Safe handling of asbestos," 2016). While Asbestos does not present an immediate danger when left undisturbed, after a hurricane, potential flooding could release the particles into the air through structural damage of buildings, floors, and pipes lined with asbestos. When released into the air, the particles become 'friable' and can affect humans in a deadly way through diseases of the lung like mesothelioma.
The exposure limit is 0.1 fiber/cm3TWA 1.0 fiber/cm3 Excursion Limit (30 minutes). The target organs are…
Asbestos Removal after a Hurricane -- Safe handling of asbestos. (2016). Mesothelioma.com. Retrieved 22 April 2016, from http://www.mesothelioma.com/asbestos-exposure/handling/hurricanes.htm
CDC, (2016). CDC - NIOSH Pocket Guide to Chemical Hazards -Asbestos.Cdc.gov. Retrieved 22 April 2016, from http://www.cdc.gov/niosh/npg/npgd0041.html
powerpoint vs. Prezi
There are a number of claims that the author of "99.9% of grammar is obsolete," David Wertheimer, makes in this particular article. The thesis of this article is that conventional grammatical rules and conventions are obsolete in the wake of communication facilitated by the internet and embraced by various mobile devices. As such, the author writes in a sarcastic style in which he embraces the new development of the English language facilitated by the aforementioned means of communication, and warns that standard written English is waning. He emphasizes several different points to aid him in demonstrating the veracity of his thesis.
The author claims that the specific form that the new language will take (or perhaps already has taken) is based on abbreviations. He alternately calls this new method of communication newspeak or internet-speak, a fact which the subsequent quotation demonstrates.
As users evolve, becoming accustomed to…
Wertheimer, D. (2002). 99.9% of grammar is obsolete. Digital Web Magazine. Retrieved from http://www.digital-web.com/articles/999_of_proper_grammar_is_obsolete/
Voting is a privilege and a right. A right that was denied for millions of people. Only until the passing of the Voting ights Act did minorities have a chance to not only vote, but change the face of the government. Before 1965, minorities, especially blacks, faced violent opposition in an attempt to stifle their voices and control the way the government nominates its officials.
Now that President Obama has shown what can happen when minorities are given a voice in politics, there have come some major setbacks. The nation in the next presidential election will adopt one of two sides, a far left or a far right. With the recent death of Head Justice Scalia and the refusal of Congress to allow the nomination of Merrick Garland, it is safe to say the nation is in turmoil in several ways. To understand how things became so unstable it is…
DeSilver, D. & DeSilver, D. (2015). U.S. voter turnout trails most developed countries. Pew Research Center. Retrieved 24 May 2016, from http://www.pewresearch.org/fact-tank/2015/05/06/u-s-voter-turnout-trails-most-developed-countries/
Justice,. (2016). History Of Federal Voting Rights Laws -- CRT -- Department of Justice. Justice.gov. Retrieved 24 May 2016, from https://www.justice.gov/crt/history-federal-voting-rights-laws
Meko, T., Keating, D., Urhmacher, K., & Stamm, S. (2016). Everything you need to know about appointing a Supreme Court justice. Washington Post. Retrieved 24 May 2016, from https://www.washingtonpost.com/graphics/politics/scotus-nominees/
Super PACs -- OpenSecrets. (2016). Opensecrets.org. Retrieved 24 May 2016, from https://www.opensecrets.org/pacs/superpacs.php
Marketing Information system is a management information system that supports decision making processes in marketing (Kotler & Keller, 2006). Marketing data is gathered, stored, and analyzed within this system and distributed on timely basis to managers to enhance decision making processes (Kotler, 1988). It is a continuing and an interactive structure of people, equipment and procedures to gather information that is used in decision making processes in an organization. The major components of management information system are internal reporting systems, marketing research system, marketing intelligence system, and marketing models. Information touching on finances, production, manpower, marketing, stockholding, and logistical data are normally stored in marketing information system. Orders received, stockholdings and sales are also stored in the marketing information system. Other than the above named information, marketers can also get information related to product type, size, and pack by territory, type of account, industry, and customer; average value and volume…
Anonymous (2011). Marketing. Retrieved from http://www.freezingblue.com/iPhone/flashcards/printPreview.php?fileid=119645
Doherty, M. (1994) Probability vs. Non-Probability Sampling in Sample Surveys. The New
Zealand Statistics, 21-28.
Jeff Anderson Consulting (2013). Interviewing and Research Methods. Retrieved http://www.jeffandersonconsulting.com/marketing-research.php/survey-research/research-methods
Direct mailers will first go to the 535 green businesses on a monthly basis and will be expanded from this number as needed to continue to provide the average 15 event total to meet the strategic goals.
Type: All types of businesses, with 10 or more employees will be targeted as potential customers to this service with the first emphasis being on businesses who have strategic planning around green/sustainable business practices.
Value Drivers: Intentions of practicing sustainable standards in business, seeking mid range catering for meetings and events, seeking alternative to cheaper/less healthy alternative catering offerings, seeking to try something new with a greater level of service and sustainable business practices, a desire to support other local businesses with a similar goal, a desire to improve business climate with only limited resources, a desire to offer vegetarian fare to those who choose it, a desire to offer healthier alternatives to…
Arthur, D. (2001). The Employee Recruitment and Retention Handbook. New York: AMACOM.
Furniss, C. (2006, October). How Green Is Your Business. Geographical, 78, 45+.
Halweil, B. (2003, May/June). The Argument for Local Food: At an Unimposing Diner in Vermont, a Revolution Is Taking Place. World Watch, 16, 20.
Henderson, E. (1998, July/August). Rebuilding Local Food Systems from the Grassroots Up. Monthly Review, 50, 112.
Obesity Prevention Program: Project Planning
Childhood obesity-prevention demonstration projects
The ANGELO process
ocio-cultural contextual analyses
Action plan formulation
The Trans-theoretical model
The evaluation plan
Obesity prevention is best carried out through community-based arrangements. This paper provides a guide on the setting of priorities, with regard to the prevention of childhood obesity among the culturally and socially diverse populations of Pinole, Laurel Park and Marina Bay. The literature offers a report on the processes involved in planning and developing efficient projects aimed at preventing obesity among children and young adults. It combines relevant workshops with the processes of stakeholder-involvement to come up with plans of action for six obesity-prevention projects within the named areas. The target population is; children below the age of 12 and adolescents between the ages of thirteen and twenty-one. Analyses of the various…
(Source: University of Kansas, 2013)
the Allied health care staffing agency is a staffing agency that focuses on the niche of the nursing jobs within the healthcare industry in Chicago
The Allied healthcare staffing agency works to recruit registered nurses belonging to all medical Specialties, Practical Nurses that are licensed also called LPNs, Nursing Assistants that are certified also called CNAs and Specialists from the allied health sciences. These professionals would be hired both from the area of the metro city as well as the suburbs and placed within the hospitals, the neighborhood medical centers, Adult care facilities, clinics, and rehabilitation centers.
The mission of the Allied Healthcare Staffing Agency is to provide the best opportunities of employment both to its collaborators which are the local healthcare organizations as well as serving the entire nursing community to provide amply amount of job opportunities to choose from in a time when the turnover of…
Bureau, U.C. (2000). Census 2000 Demographic Profile Highlights:. chicago illinois, fact sheet .
commerce, U. d. (2010). bear facts, state illinois. bureau of economic analysis .
directory, a. h. (2010). free stats & national stats. Retrieved september 7, 2011, from american hospital directory: www.ahd.com
Lindberg, R.C. (1991). To Serve and Collect: Chicago Politics and Police Corruption from the Lager Beer Riot to the Summerdale Scandal. chicago: praeger publications.
The estimated total variable costs for the one-year period were $52,000.
We now use the reak-Even Analysis formula of: Q = FC / (P -- VC), to determine the basic standards for generating a profit. Inside the formula, Q stood for the quantity of service visits required to break even. While, at the same time: FC denoted the fixed cost for the project, P is the prices charged for the various services and VC is the variable cost per visit. At which point, we divided the total variable costs by: expected number of visits ($52,000 / 4000). Once this took place, we came up with a VC of $13. Entering all the values into the formula gave us a result for Q. Of 8,064. Thus, 8,064 visits are required for the hospital to break even. In order to generate any kind of operating profits, they must go beyond this number…
Merry J. McBryde-Foster (2005). Break-Even Analysis in a Nurse-Managed Center. Retrieved from: http://findarticles.com/p/articles/mi_m0FSW/is_1_23/ai_n17208288/?tag=content;col1
Capital Projects. (2009). Planetmoran. Retrieved from: http://www.plantemoran.com/industries/hospitals-health-systems/capital-projects/pages/home.aspx
Marketing Information System
This is a type of management information system that is designed for supporting the process of marketing decision making. This is a system which is planed and entails the collection, processing, storage and dissemination of data in information form required in carrying out management functions.it is also termed as a system made up of people, equipment and procedure which are used in gathering, sorting, analyzing, evaluating and distribution of data to managers according to the required informational needs regularly. There are four main components of marketing information system these are internal records which gives reliable inside information of an organization; marketing intelligence that gives information collected from external sources; marketing research for solving marketing problems in an organization and marketing decision support system comprise of tools that assist managers in data analysis hence better decision making. The marketing decision support system enables marketers to get the information…
Johnson, R. (2011).The 8 different pricing objectives. Retrieved June 26, 2013 from http://vwmarketingsolutions.ca/2012/07/the-8-different-pricing-objectives/
Opdenakker, R. (2006). Forum; Qualitative social research. Advantages and Disadvantages of Four Interview Techniques in Qualitative Research. Volume 7, No. 4, Art. 11. Retrieved June 26, 2013 from http://www.qualitative-research.net/index.php/fqs/article/view/175/391
Price, R. (2010). The Basic Steps of the Marketing Research Process. Retrieved June 26, 2013 from http://smallbusiness.chron.com/basic-steps-marketing-research-process-30942.html
restaurants and bars fail is that owners and operators fail to implement a food and beverage control system. Without one, they have no way of knowing if anything is missing or if costs do not measure up to standard. A control system is a necessary and beneficial tool in maximizing profit and keeping waste and pilferage to a minimum.
One of the most critical aspects of food and beverage control is profit planning. In the final analysis, the profit generated must be sufficient to keep the business running and the owner pleased with the investment.
Three ratios are extremely important in profit planning:
Operating Ratio = Net Income efore Taxes / Net Sales: This ratio is commonly known as net profit to net sales. The higher this ratio is, the better. For example, in full service operations with an average check of less than ten dollars, the median…
Profit By Inch." Nation's Restaurant News. 1999.
Gordon, Robert. Brezinski, Mark. The Complete Restaurant Management Guide. 1998.
Miller, Jack. Hayes, David. Food and Beverage Cost Control, 2001.
Dittmer, Paul. Principles of Food, Beverage, and Labor Cost Controls. 2002
The T&M Company is investigating whether it should use target costing for its towels, especially as it moves into the Italian market. Management might be halfway insane for targeting a country for international expansion that is only going to pay 20% less than our current revenue per towel, but it is my job as to crunch the numbers and figure out how we can do that. One technique is target costing. Target costing begins with the revenue per unit that is expected, then takes into account the margin that we are targeting. What is left is the amount of that is budgeted for the production of the item in question (Arrington, n.d). Target costing is useful in a situation like this because it provides a target for the company. It is easier to earn the profits that we seek if we are able to know what the total production…
Arrington, W. (n.d.). Target Costing. Retrieved from www.freequality.org/documents/Training/Target%20Costing.pptx
Feil, P., Yook, K., and Kim, I (2004, Spring). Japanese Target Costing: A Historical Perspective. International Journal of Strategic Cost Management. Retrieved from http://economiceducation.us/dotAsset/785833.pdf
Tsorakidis, N. (2009). Break-Even Analysis. Retrieved from http://bookboon.com/en/business/finance/break-even-analysis-1
Walther, l. (2012). Chapter Eighteen. Cost-Volume-Profit and Business Scalability. Retrieved (including video lecture) from http://www.principlesofaccounting.com/
Demographics throughout all Australian cities reflect significant opportunity for an online DVD ordering service, replicating the success of NetFlix in the U.S.
Development of music and other forms of digital content can also specifically be sold through this channel once established.
Potential exit strategy is to sell QuickFlix to NetFlix.
Well-funded broadband providers attack the downloadable movie market and force a premature consolidation of this business model.
Pricing becomes more inelastic and profitability suffers.
Postal costs continue growing exponentially and drive up costs that are not forecasted.
Order management systems fail to deliver with a high level of accuracy and much customer dissatisfaction comes about as a result.
5.0 Evaluation of Alternative Marketing Strategies
The use of a price skimming, price exception, or premium pricing strategy all are alternatives, yet the best possible approach is to define a services-driven costing model based on the specific rental levels of…
AustrailaDVDRentalGuide.com (2007) - Assumptions and interpolations of the online DVD rental market in Australia. Accessed from the Internet on June 15, 2007:
Colman (2006) - QuickFlix Limited (QFX) Profile. CCZ Equities Research. CCZ Equities Pty Limited. Roger Colman. 9 August, 2006.
Columbus (2002) - the Sell-Side E-Commerce Market: It's All About Integration. AMR Research Report. Monday April 1, 2002. Retrieved from the Internet on June 15, 2007: http://lwcresearch.com/filesfordownloads/SellSideECommerceMarketIsAllAboutIntegration.pdf
By focusing measurement on cycle time, productivity, quality and profitability, Guillermo will have better information that can help guide his decision-making with respect to the different strategic choices with which he is faced. If he chooses to continue making furniture, he will be better equipped to improve his processes in the future as this information forms the basis of a much stronger control system than is currently utilized at Guillermo.
The markets for the retardant and the coating have not yet been established. Guillermo has cost figures but has little idea of how much he can sell these products for on the market. A conservative assumption is a 50% markup but still a conservative figure. Sales figures are also going to be based on the annual production capacity. The market is assumed to be much greater than capacity, as the capacity is underdeveloped at Guillermo currently. Sales figures…
eing a leader also means constantly provoking competitors, as is the case here.
Finally, as previously mentioned, innovation is essential to supporting the company's approach and policies on the market. From this perspective, a pioneers approach is obviously indicated. As pioneers, Z-Wing will be able to ensure that its innovations are first on the market and that new customers are attracted to the new products and services that the company is putting out on the market. At the same time, as pioneers, Z-Wing will lead the market from this perspective.
In terms of price, the cost leadership strategy that has been identified here means that the company will be able to sell its planes at a price level lower than that of its competitors, obviously making it more viable on the market. With a lower price, the company can still act as a market leader, but without necessarily reducing its…
1. Aviation industry in Asia Pacific region to recover by 2009: IATA. September 2008. China Economic. On the Internet at http://www.chinaeconomicreview.com/airtravel/2008/09/19/aviation-industry-in-asia-pacific-region-to-recover-by-2009-iata.html.Last retrieved on January 13, 2009
Aviation industry in Asia Pacific region to recover by 2009: IATA. September 2008. China Economic. On the Internet at
5. Top-level managers are likely to be more focused on management issues and communication with middle managers than on possible personal issues. Top managers are generally focused on the mechanics of effective management, as well as on financial matters. While they should also encourage open communication between themselves and workers, this will often happen via middle managers and focus on business and financial matters. This is particularly so in large and complex businesses.
6. A milestone chart refers to the goals of a company or person. These are generally medium- to long-term goals that are projected for a specific deadline. A to-do list is the short-term actions that will be taken to achieve the goals on the milestone chart. The milestone chart therefore focuses on ideas and ideals, while the to-do list focuses on the practical achievement of these.
7. A PERT network refers to the Program Evaluation and Review…
The pizza sizes are 10 inches which is an individual, 12 inches which is a small, 14 inches which is a medium, 16 inches which is a large, 18 inches which is a super, and a 20-inch pizza which is a family size. The family size pizza gets about 37% of all the sales which are $400,000, the 16-inch large comes in second accounting for 20% of pizza revenues, the 10-inch accounts for 18% and the 12-inch accounts for 15% (due to a large weekday lunch crowd) the 18-inch pizza accounts for only 10% and the remaining 5% is sales of the 14-inch pizza. The 20-inch pizza price is $20.25 with just cheese and sausage and the 16-inch cheese and sausage is $16.00 a pizza. Each pizza is priced at a markup of roughly 200% as is the standard for most restaurant food. (IRS, August 2005, NP) pizza menu accounting…
Chua, Jess H., James J. Chrisman, and Pramodita Sharma. "Defining the Family Business by Behavior." Entrepreneurship: Theory and Practice 23.4 (1999): 19.
De Kok, Jan M.P., Lorraine M. Uhlaner, and a. Roy Thurik. "Professional HRM Practices in Family Owned-Managed Enterprises." Journal of Small Business Management 44.3 (2006): 441.
Guidry, Flora, James O. Horrigan, and Cathy Craycraft. "CVP Analysis: A New Look." Journal of Managerial Issues 10.1 (1998): 74.
Hicks, Douglas T. "Yes, ABC Is for Small Business Too." Journal of Accountancy 188.2 (1999): 41.
In this regard, Neely advises that a "Menu has to deliver the desired target food margin percentage whilst offering a variety of tastes across a range of price points, and conform to the expectations of the brand concept" (252).
Storeroom Control. Clearly, without adequate security procedures in place, a hotel's storeroom can turn into a major center for pilferage and other shrinkage. Key control is essential to this security if electronic locks are not in place (Sunstrom 59). If physical keys are used, or a combination of approaches is elected, Sunstrom recommends that the key numbering system follow that recommended by the American Hardware Association (AHA). Under the AHAs system, the grand master key is designated with a single upper-case letter; the next level of master keys would be the previous letter designation and another letter. Change keys (these are single keys that operate a single door) are designated with…
Atkinson, Sally and David Butcher. (2003). "Trust in the Context of Management Relationships: An Empirical Study." SAM Advanced Management Journal 68(4):24.
Baird, Douglas G. And Robert K. Rasmussen. (2003). "Chapter 11 at Twilight." Stanford Law Review 56(3):673.
Baum, Joel A.C. And Paul Ingram. (1997). "Chain Affiliation and the Failure of Manhattan Hotels, 1898-1980." Administrative Science Quarterly 42(1):68.
Beaudry, Mark H. (1997, March). "One for the Road." Security Management 41(3):79.
Healthcare Finance: hat is the break-Even analysis approach and its application in health care organizations?
Unfortunately, hospital and health care budgeting of resources has become increasingly important in this cost-conscious era of health care. The last decades of cost-controlled medicine have required fiscally conscious approaches to the healthcare for many organizations, often at the expense of patient services. A financial analyst must strive to minimize this, yet still keep the organization afloat. A segment that does not make money or at least break even for the health care provider may have to be eliminated.
Health care facilities may take longer to break even on their initial investment than other forms of businesses. Also, the break-even period for primary care is different compared to tertiary care. Still, developing any break-even action plan begins with a clear understanding of any significant shortfalls against benchmark, with a special focus on provider productivity in…
Halley, Marc D. & Lloyd. (Nov 2000) "How to Break Even on an Acquired Primary Care Network." Healthcare Financial Management. Retrived 17 Apr 2005 at http://www.findarticles.com/p/articles/mi_m3257/is_11_54/ai_66936335/pg_2
Financial Stakeholders in a Business
Main financial stakeholders, their power and influence in a business
Stakeholders refer to people affected or have an interest in the objectives and operations of the business. The business has a variety of stakeholder segments, which have been broadly categorized as follows:
The classification of stakeholders varies in terms of interests to the activities of the business and their power to influence key decisions. The fact is that key stakeholders do not enjoy equality in terms of their influence and power. This is evident across all business sectors. Senior managers tend to have more influence compared to mere environmental activists (Schaltegger & Burritt, 2010). The table below defines the main financial stakeholders and their impact on the business:
Main financial stakeholders
Impact on the Business
Dividends, share price growth and profit growth
Election of directors
Banks & other Lenders
Principal and interest…
Cowton, C., & Haase, M. (2008). Trends in business and economic ethics. Berlin: Springer.
Dawkins, S. (2007). CIMA Exam Practice Kit Management Accounting Decision Management: 2007 Edition. Burlington: Elsevier Science & Technology.
Dayananda, D. (2012). Capital budgeting: Financial appraisal of investment projects. Cambridge [u.a.: Cambridge Univ. Press.
Lewis, R., & Trevitt, R. (2013). Financial accounting. Cheltenham: Nelson Thomas.
c. he profitability of an activity can be easily estimated in relation with the contribution margin and break-even point of the respective activity. Indeed, first of all, the contribution margin, calculated as sales revenue less variable cost related to the specific activity, will tell us whether or not such an activity is bringing a profit for the company. Besides variable costs, one needs to take into consideration fixed costs associated with that activity, as well as any opportunity costs that may occur, due to the use of company resource for the activity at hand rather than for something other profitable activity.
he break-even point completes the contribution margin concept and helps discover the exact number of units that must be sold so that sales revenues will equal total costs. By performing a break-even analysis, the company will be able to determine whether or not it is able to produce the…
The contribution margin, as applied to 2003, was $52,868 million, while the net operating profit shows a consistent performance on behalf of the company. In this sense, an overlook of the Wal-Mart 2003 Report shows that the variable costs of the company have increased somewhat proportionally to the net sales revenues, which seems reasonable given the fact that variable costs are associated within sales. Compared to 2003, net revenues have increased with almost 11%, while variable costs increased by 11.8%. While this is not yet a worrying conclusion, corroborated with an increase in fixed costs as well, an operating decision for the following year will need to take into consideration the fact that costs seem to rise more than the sales revenue may lead in the future to an increase the break-even value to a point whether the company will not be able to cover it. As such, a more prudent cost policy is advisable in this case, one which will better correlate company revenues with costs needed to achieve those operating revenues.
Contribution Margin. On the Internet at http://retailindustry.about.com/cs/first_timers/l/bldcontmargin.htm
On the Internet at http://www.crfonline.org/orc/glossary/b.html
The market size for AAA Software based on PC usage can be estimated by the total number of new PC sales and the level of antivirus usage on them. The total PC usage during the corresponding year is shown in the figure.
C3: Competitive Analysis- Describe your company's current competition.
Number of Users
More than 150mn users
Home Users - Antivirus (Free, Pro and Internet Security), Products available for Mobile and Mac, Business Users -- Small or Home Office, Enterprise and Server needs
Home Users - AVG Antivirus Free, Antivirus, Internet Security, PC Tuneup, Secure Search, Business Users -- Antivirus, Internet Security, Email Server, File Server, Linux Server, escue CD, emote Administration, Mobile Users -- Antivirus Free/Pro
Home Users, Business Users -- Microsoft System Center Endpoint Protection (only…
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This marketing plan is based off National Emergency ID (2011) who coined the idea of having tattoos for children in case they need to call their parents or for someone to contact them if he or she should get lost. A person is able to grasp ways in which understand what the current market is for this particular product as well as the company itself. Furthermore, one will understand the competition, marketing strategy and mix as well as the necessary controls needed.
Situation Analysis A. Background on Organization
The background of the organization is important. "Child Safety Tattoo" was invented to meet the needs of its consumers by helping parents to become at ease with what is going on in the world in regards to criminal activity. After hearing much concern from parents who have to deal with predators on a regular basis who want to snatch away…
Baby Shop Magazine. (2011). New parents/new children trends in the young market. Retrieved May 21, 2011, from Baby Shop Magazine: http://www.babyshopmagazine.com/spring00/newparents.htm.
National Emergency ID. (2011). Maddie tattoo. Retrieved May 21, 2011, from National Emergency ID: http://www.nationalemergencyid.com/products.php?item=31.
Pregnant Teen Help. (2011). Pregnancy teen statistics. Retrieved May 21, 2011, from Pregnant Teen Help: http://www.pregnantteenhelp.org/statistics/teen-pregnancy-statistics/ .
X7 is also very sensitive to the price, thus when its price is cut down, the price would automatically raise the figures of product's unit sales. Therefore there is a requirement for the price to be lowered so that the unit sales figure to be raised. The product price and the profit which is being targeted into CVP are put under &D to sum up the total sales capacity to assist in the realization of the set target profit. This is done again in the year 2007 before stopping the manufacturing since it's almost known that X5 has reached the stage of maturity and will not be able to generate much profit for long.
The above table indicates that the sales volume which is required in order to achieve a $100 M. profit at a price of $245 with an &D investment of 30% is 1,676,190 units. This is calculated…
Cafferky, M and Wentworth, J (2010.Break Even Analysis. Business Expert Press, 2010
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Contribution Income Statement
Sales (9000 units sold)
Product costs (120+60=40)x9000
Selling and admin 10x9000
Contribution Margin (70 per unit)
Selling and administrative
Net Operating Income
The net income on the contribution income statement is $25,000 lower than the $305,000 on the absorption income statement because $25 in fixed expenses is assigned to each unit cost (Accounting for Management, 2012). Where 10,000 units were produced, but only 9,000 sold, that leaves 1,000 units in inventory. The additional $25,000, 25 x 1,000, is listed in the inventory account.
Contribution Margin Income Statement
Sales 9,000 units at 330
Selling and admin 10x9,000
Selling and admin
reak even Analysis
Accounting for Management. (2012). Retrieved from Income Comparison for variable and absorption costing: http://accounting4management.com/incom...mparison_of_variable_and_absorption_costing.htm
Brewer, P.C. (2010). Introduction to Managerial Accounting. New York, NY: McGraw Hill.