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Case study on Budget Analysis

 Case study on Budget Analysis

Question Details
You are a manager for a pet supplies manufacturer. This responsibility requires you to create budgets, make pricing decisions, and analyze the results of operations to determine if changes need to be made to make the company more efficient.
Using the workbooks and budget variance report you created for Final Project Part I, you will make recommendations about possible changes. You will look at the possibility of making some components of one product instead of buying them, and you will determine how to evaluate the company as a whole and managers in particular. You will create a budget analysis detailing your findings.

Specifically, the following critical elements must be addressed in your analysis:

a) Budget Process and Variances

1. Discuss the initial budget process, the variances, and potential reasons for the variances.

2. What are the changes you think the company should make based on the variance analysis? What will the changes accomplish?

3. What are the ethical considerations of the changes you have selected? Why are you recommending these particular changes?

b) “Make” or “Buy”: Suppose you were to consider buying a particular component of one of your products or making the product in-house.

1. What factors would you consider in such a “make” or “buy” decision?

2. What are the ethical considerations of your decision? What implications could this decision have?

3. For each option (i.e., to “make” or to “buy”), how will this impact the efficiencies of your operation?

c) Nonfinancial Performance Measures

1. What suggestions would you make for nonfinancial performance measures that the company should adopt? What are the pros and cons of each suggestion?

2. What are the ethical considerations of your suggestions? Explain the significance of each.

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Changes to an internal process

Changes to an internal process

Recall a situation when your organization decided to make changes to an internal process or procedure. In your response, address these topics:

First, explain whether or not the change fit into your organization’s mission and values.

Second, provide an example of the most significant barrier to this change.

Third, suggest ways that your organization could have addressed this issue more effectively.

The purpose of innovation is for inviduals to discover the ends they wish their lives to lead to, and thus alter their actions so they may discover the means by which to get there. Companies today more than ever are feeling the need for internal innovation. Innovation can be focused outwardly or inwardly, whether you define it as introducing something new, a new idea or method, of a new idea successfully, or just making small improvements where possible to everyday situations. The purpose of internal innovation is to explore how to take the methodologies and efforts others are using to create wonders externally, and learn how to wield them so they may be focused internally to ourselves.

The questions is: Why do business leaders believe that innovation is the secret sauce for company growth?

Relect: Which cultural influence do you feel will constitute the greatest challenge for management as it relates to maintaining a functional organizational culture? Why do you think so?

a. Generational change (millennials)

b. Artificial Intelligence (robotics)

c. eCommerce (the age of the Internet)

d. Globalization (technology-driven solutions)

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The use of trial balance

1. Quickly skim the questions or assignment below and the assignment rubric to help you focus.

2. Read the required chapter(s) of the textbook.  Some answers may require you to do additional research on the Internet or in other reference sources.  Choose your sources carefully.

3. Consider the discussion and the any insights you gained from it.

4. Produce the Assignment submission in a single Microsoft Word or Open Office document.  Be sure to cite your sources, use APA style as required, check your spelling.

Assignment:

1. Sanchez Computer Center, continued.

 At the end of September, Tony took a complete inventory of his supplies and found the following:

  • 5 dozen ¼” screws at a cost of $8.00 a dozen
  • 2 dozen ½” screws at a cost of $5.00 a dozen
  • 2 cartons of computer inventory paper at a cost of $14 a carton
  • 3 feet of coaxial cable at a cost of $4.00 per foot

After speaking to his accountant, he found that a reasonable depreciation amount for each of his long-term assets is as follows:

  • Computer purchased July 5, 201X Depreciation $33 a month
  • Office equipment purchased July 17, 201X Depreciation $10 a month
  • Computer workstations purchased Sept. 17, 201X Depreciation $20 a month

Tony uses the straight-line method of depreciation and declares no salvage value for any of the assets. If any long-term asset is purchased in the first 15 days of the month, he will charge depreciation for the full month. If an asset is purchased on the 16th of the month, or later, he will not charge depreciation in the month it was purchased.

August and September’s rent has now expired.

Tasks

Use your trial balance from the completed problem previously and the adjusting information given here to complete the worksheet for the three months ended September 30, 201X. From the worksheets, prepare the financial statements.

Tony decided to end the Sanchez Computer Center’s first year as of September 30, 201X. Following is an updated chart of accounts.

Chart of Accounts

Assets                                                    Revenue

1000 Cash                                              4000 Service Revenue

1020 Accounts Receivable                    Expenses

1025 Prepaid Rent                                 5010 Advertising Expense

1030 Supplies                                        5020 Rent Expense

1080 Computer Shop Equipment           5030 Utilities Expense

1081 Accum. Depr. C. S. Equip.            5040 Phone Expense

1090 Office Equipment                          5050 Supplies Expense

1091 Accum. Depr. Office Equip.          5060 Insurance Expense

Liabilities                                               5070       Postage Expense

2000 Accounts Payable                         5080 Depr. Exp. C. S. Equip.

Owner’s Equity                                      5090 Depr. Exp. Office Equip.

3000 T. Freedman, Capital

3010 T. Freedman, Withdrawals

3020 Income Summary

Complete the following:

a. Journalize the adjusting entries.

b. Post the adjusting entries to the ledger.

c. Journalize the closing entries.

d. Post the closing entries to the ledger.

e. Prepare a post-closing trial balance.

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Advertising and social media

Advertising and social media

We’re talking a lot about advertising and social media this week. Let’s apply this directly to one of the successful ad campaigns mentioned in this module’s lecture:

  • ALS #IceBucketChallenge
  • Always #LikeAGirl
  • Coca-Cola #ShareaCoke
  • IKEA bookbook video
  • McDonald’s Super Bowl 2015
  • Taco Bell #OnlyInTheApp
  • Virgin America Boo videos

In a minimum of 3 pages, please do the following:

  • Provide a summary of the ad or include a screenshot, and explain what the intent behind the ad is.
  •  From there, look at what the ad actually says (like the beer ad from Module 3 says that women are sex objects).
    • Describe how social media plays into the intent and the actual message?
    • What made it successful (or not successful)?
    • What ideas and opinions do you have about the product or brand after reviewing the ad?
  • What can we learn about how businesses use Twitter, Facebook, Linked In, etc. to communicate, network, broaden their customer base, and promote their products/services?Place your order now for a similar paper and have exceptional work written by our team of experts to guarantee you A Results

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Overview of the Hospitality and Tourism Industry

Overview of the Hospitality and Tourism Industry

Question Details

4-5 Pages

Focus on possible challenges to the restaurant industry, such as health department regulations and requirements, social concerns, comPetite issues, and /or demographic and geographic issues.

APA Format

Reference page (3 quality references) Citation and reference APA format

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Increasing learners’ comprehension of management roles

Increasing learners’ comprehension of management roles

Purpose of Assignment

The purpose of this assignment is to increase learners’ comprehension of management roles, viewpoints, and theories.

Assignment Steps

Resources: Ch. 2 of Management: A Practical Introduction, sample management theory table.

Select three theories from the textbook.

Summarize the theory and viewpoint(s) in a table. Please use the sample management theory table provided.

Develop a 1,050-word report including the following:

Briefly discuss an overview of management.
Include the roles managers play.
Examine the development of management theories, including how these theories reflected the changing business environment.
Compare and contrast the three management theories you included in your management theory table.
Evaluate which of the three management theories works best for your work environment or an organization with which you are familiar.
Include in-text citations and at least one reference.

Format your assignment consistent with APA guidelines

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The relationship, similarities and differences between 1 analytical, 2 problem-solving, and 3 decision-making skills

The relationship, similarities and differences between 1 analytical, 2 problem-solving, and 3 decision-making skills

In a Microsoft Word Document, complete the following 2 sections by responding to the questions provided. As noted in the assignment, please be sure to include any references from either your MPA courses or outside articles/materials, both in the text and in a reference list at the end of your assignment.

This assignment is worth 100 points total.

Section I: Reflections:

Define/discuss the relationship, similarities and differences between 1) analytical, 2) problem-solving, and 3) decision-making skills. Be sure to include at least 2 references here.
Design your own analytical problem solving & decision making model (this can be a graph/shapes/chart design to demonstrate the model), then use 2-5 paragraphs to explain your model in narrative form as needed.
Which of the three skills do you see as your strongest, and which do you see as your weakest? Why?

Section II: Application:

Give an example of a real world problem you have solved that required analysis, problem solving, and decision making. What methods did you use and what conclusions did you reach? Be sure to include at least 2 references here.

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Implementing Six Sigma at Wishmewell Hospital

Implementing Six Sigma at Wishmewell Hospital

Emergency departments (ED) at many hospitals have been overwhelmed in the past year, as more patients without health insurance use the ED as a primary care solution. Wait times in the ED are increasing as more and more Americans are using the Emergency Department for their general health concerns. Across the country, the average ED wait time is now 222 minutes (approximately 3 hours, 42 minutes).

Wishmewell Hospital’s average wait time in the ED is more than five hours, and the board of directors is concerned about this long wait time. The danger is that a patient’s condition may escalate during his/her waiting time in Wishmewell’s ED.

The board has tasked you to take on a new quality improvement initiative to decrease wait time in the ED using the Six Sigma approach.

Develop a quality improvement program using the Six Sigma approach to decrease waiting time in Wishmewell’s emergency department.

The quality improvement program must include the following elements in an approximately 10-page MS Word document:

Describe the goals and objectives of your plan to decrease ER wait times at Wishmewell.
Describe each step of the Six Sigma (DMAIC) process:
Define the problem
Measure the process; what Six Sigma tools will you use?
Analyze the data; what tools will you use to analyze the data?
Improve the process; explain your improvement plan
Control; how will you continue to monitor the results and adjust as necessary?
Describe the key players (stakeholders) who should be members of your implementation team and explain why teamwork is an important factor in implementing a quality improvement program.
Explain at least three factors that might inhibit the implementation of your decreased wait time program.

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The Time Value of Money

Upon graduating from Argosy University with a degree in Finance, John Simple found a great job as a banking officer with Capital Two Bank in Dallas. Although he and his partner Joan had several college loans that required payments, their goal was to set aside funds for the next five years so that they could get out of the small apartment in Irving, Texas. After reviewing the listings in the areas surrounding DFW and speaking to their bosses about possible transfers, John and Joan decided upon Plano as their desired future location for a home.

Based on house prices they received from a local realtor, they determined that the home they needed currently costs around $178,000 which includes 2% closing costs. To avoid paying Private Mortgage Insurance, John and Joan need to make a down payment of 20%. Since they are saving for the potential purchase, it will be five years before they buy the home. This gives them time to save for the down payment, moving, and furniture costs, which they estimate will be 10% more than the required down payment. They also expect home prices in Plano to continue to increase each year at 2.5% per annum rate as presented by their realtor.

John, being the finance graduate, wanted to adequately prepare for their future purchase and told Joan that he would take all this information and present an overview of how much would be required once their estimated purchase date became a reality. In addition, John would show how much money they needed to save each month in their house investment account at E-Trade, which averages 5% annual return.

Tasks:

Write a 2–3-page paper where you answer the questions above. Make sure you identify the question and then respond showing all calculations using math or Excel functions.

  1. What is the estimated purchase price of the home in 5 years?
  2. How much would need to be saved for the down payment?
  3. How much would need to be saved for closing, moving, and furniture costs?
  4. Considering that they have $10,000 already saved (half of which was provided by Joan’s parents as a wedding gift), how much money do they need to save each month to reach their goal?
  5. Suppose John could change investment plans at E-Trade and earn an additional 1.5% per annum without additional risk, how much money do they need to save each month to reach their goal? How much in investment dollars would they save by increasing their investment percentage?Place your order now for a similar paper and have exceptional work written by our team of experts to guarantee you A Results

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Anti-Discrimination Laws Related to Employment

Anti-Discrimination Laws Related to Employment

Question Details

Your supervisor has placed you in charge of hiring a new, full-time administrative assistant for your department.

Prepare an advertisement for that position that complies with federal law.The minimum length of your job description must be 300 words (approximately three-fourths of a page). You can make up the job details but must include the following:
A job description
A description of the job duties
A description of the minimum qualifications
Prepare 10 illegal questions that must not be asked. For each question, be sure to justify your reasoning.
Prepare 10 legal questions that may be asked during the interview. For each question, be sure to justify each question.

Submit your three- to five-page paper (not including the title and reference pages).

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