...Write a 200- to 300-word response to the following: Why are cost per output and cost per outcome calculations valuable to a human service agency? What might happen if a human service agency did not determine the cost per output and cost per outcome? Determining the cost per outcome and the cost per output is the final step in cost analysis. According to Financial Management for Human Service Administrators by Lawrence L. Martin, to compute cost per output (per unit), the total cost of the program is placed as a numerator and the total outputs to be provided for the fiscal year is placed as the denominator. Once the division is done the result would be the cost per output. The cost per outcome Is all the programs total costs as the numerator and the total outcomes to be achieved are placed as the denominators, and then the division that is done is the cost per outcome. Human service agencies need to determine the cost per output and the cost per outcome to successfully run the business. The cost per outcome and the cost per output is also important to human service agency’s financial allocations. It helps the organization to know exactly what money needs to go to which program and what it would cost to run and back each program. This type of information becomes even more important when the organization is trying to get funds to come into their programs. This could also help the organization cut down on fraudulent behavior financially within the...
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...HSM 260 Entire Course FOR MORE CLASSES VISIT www.hsm260edu.com HSM 260 Week 1 CheckPoint Definition Scavenger Hunt HSM 260 Week 1 DQ 1 and DQ 2 HSM 260 Week 2 CheckPoint Accrual Method HSM 260 Week 2 Assignment Personal Balance Statement (Appendix C) HSM 260 Week 3 CheckPoint Cost Per Output Cost Per Outcome Response HSM 260 Week 3 DQ1 and DQ2 HSM 260 Week 4 CheckPoint Financial Ratios HSM 260 Week 4 Assignment Fixed Costs, Variable Costs, and Break HSM 260 Week 5 CheckPoint Forecasting HSM 260 Week 5 DQ1 and DQ2 HSM 260 Week 6 Assignment Fee Setting HSM 260 Week 6 CheckPoint Calculating Fixed Costs, Variable Cost HSM 260 Week 7 CheckPointCatalog of Federal Domestic Assistance HSM 260 Week 7 DQ1 and DQ2 HSM 260 Week 8 Assignment Foundations Paper HSM 260 Week 8 CheckPoint Collaborative Fund-raising Activity HSM 260 Week 9 Capstone DQ HSM 260 Week 9 Final Analyzing Financial Statements ………………………………………………………………. HSM 260 Week 1 CheckPoint Definition Scavenger Hunt FOR MORE CLASSES VISIT www.hsm260edu.com Define each of the following basic accounting terms in your own words by finding sources on the Internet. Provide the URL that supports the definition you have created for each item. GAAP Basic accounting formula Transaction, t-account General ledger Debit Credit Account balance Trial balance Journal Assets Liabilities Net assets Accounts receivable Accounts payable Revenues Post your definitions as a Microsoft® Word attachment...
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...processes into products and services. Answer: TRUE Reference: Operations and Supply Chain Management Across the Organization Difficulty: Easy Keywords: operations management, inputs, process, transformation 2) As a functional area of a business, Operations translates materials and services into outputs. Answer: TRUE Reference: Operations and Supply Chain Management Across the Organization Difficulty: Easy Keywords: operations management, inputs, process, transformation 3) The three main line functions of any business include Operations, Finance and Marketing. Answer: TRUE Reference: Operations and Supply Chain Management Across the Organization Difficulty: Easy Keywords: operations management, inputs, process, transformation 4) Support functions in an organization include Accounting, Human Resources and Engineering. Answer: TRUE Reference: Operations and Supply Chain Management Across the Organization Difficulty: Easy Keywords: operations management, inputs, process, transformation 5) A process involves transforming inputs into outputs. Answer: TRUE Reference: A Process View Difficulty: Easy Keywords: process, inputs, outputs 6) Inputs to a process can include human resources. Answer: TRUE Reference: A Process View Difficulty: Easy Keywords: inputs, process, resources 7) Every process has a customer. Answer: TRUE Reference: A Process View Difficulty: Easy Keywords: process, customer 8) A nested process...
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...| |Financial Management for Human | | |Service Managers | Copyright © 2009, 2007 by University of Phoenix. All rights reserved. Course Description This course focuses on conceptual understanding and practice of financial management as it applies to human service agencies. Students complete the course with a better understanding of basic accounting concepts, budgets and budgeting systems, how to create performance measures, and the ability to analyze financial statements for the purpose of cost analysis and forecasting. Aspects of setting fees, funding, and risk management are also covered. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies...
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...| |Financial Management for Human | | |Service Managers | Copyright © 2009, 2007 by University of Phoenix. All rights reserved. Course Description This course focuses on conceptual understanding and practice of financial management as it applies to human service agencies. Students complete the course with a better understanding of basic accounting concepts, budgets and budgeting systems, how to create performance measures, and the ability to analyze financial statements for the purpose of cost analysis and forecasting. Aspects of setting fees, funding, and risk management are also covered. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies...
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...correct response, and then refer to the answer key at the end of this Study Guide to check your answers. Use each week’s questions as a self-test at the start of a new week to reflect on the previous week’s concepts. When you come across concepts that you are unfamiliar with, refer to the Student Guide for that particular week. Week One: Fundamentals of Microeconomics Objective: Differentiate between macroeconomics and microeconomics. 1. Macroeconomics is the study of individual choice and how that choice is influenced by economic forces the study of the pricing policies of firms and the purchasing decisions of households the study of aggregate economic relationships an analysis of economic reality that proceeds from the parts to the whole 2. The invisible hand theorem comes from microeconomics macroeconomics sociology political science Objective: Analyze the effect of changes in supply and demand on the equilibrium price and quantity. 3. The law of demand states that the quantity demanded of a good is inversely related to the price of that good. Therefore, as the price of a good goes up, the quantity demanded goes up up, the quantity demanded goes down down, the quantity demanded goes down down, the quantity demanded stays the same 4. Which of the following situations best demonstrates the law of demand? Moviegoers react to an increase in the price of a ticket by seeing fewer movies per year. Moviegoers see fewer movies per year due...
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...margin. Due to the failing economy which brought about the decline in building, Urbanaz’s profit margin dropped below the break-even point, The Company is also facing a legal suit with the state government which the outcome is unlikely going to favor them. So they are faced with options to either re-strategize the company or shutdown. * Assess the current environmental scan factors that are relevant to the decision making process. Determine the factors that will have the greatest impact on plant operations and management’s decision to continue or discontinue operations. Environmental scanning involves a process of gathering, analyzing, and dispensing information for tactical or strategic purposes. The Company’s macro environment can be expressed in terms of the following factors; Social Technological Economic Political When considering whether or not to continue operations, there are several factors to consider. First is to perform a market analysis to determine whether or not continuing operations is really feasible. For example, Aluminum roofing sheets may have been a product whose time has come and gone. Determining whether or not there is still a market for this product is the first step. Next would be to evaluate how manufacturing costs could be cut...
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..."The Cost of Complexity" Please respond to the following: * Read the article titled, “The Missing Metrics: Managing the Cost of Complexity,” located in Week 4 of the online course shell. You may also view the article at http://www.financepractitioner.com/contentFiles/QF02/g26fs3i7/16/0/the-missing-metrics-managing-the-cost-of-complexity.pdf. Next, in a globalized economy with many business complexities, speculate the major ways that these complexities might impact a business and suggest two (2) actions that a business can take in order to minimize these consequences. * From the previous discussion, recommend one (1) approach that an accountant could take in order to measure the types of complexity you identified for a specific business or industry and determine the insight that the measure will provide in relation to business performance. Part 1: There are several major ways that the complexities of a business in a globalized economy might impact that particular business. These complexities can add significant "hidden" costs within a company that generally cannot be seen through the production process, but often come up in the month, quarter, and year end statements. These added costs will generally arise within a company when they are trying to grow their revenue in an already mature market. An example of this is when a company wants to add a new product to sell and expand their share in a specific market. By creating a new product there are significant costs that...
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...Out-of-Class Assignment #3 Chapter 9: 1. Distinguish between the following: a) Internal validity and external validity. b) Preexperimental design and quasi-experimental design. c) History and maturation. d) Random sampling, randomization, and matching. e) Environmental variables and extraneous variables. a) Validity is defined in experimentation as whether a measure accomplishes what we think previously or not. There are different types of validity, but the two main varieties are internal and external validity. Internal validity answers the question- do the obtained results have a relationship with what we demonstrated in the experiment? Does the experiment show the real cause of what we draw in the conclusion? It is judged by how well it meets the seven internal validity threats. External validity explain if the observed causal relationship can be generalize among persons, settings, and times. It concerns with the relationship between experimental treatment and other factors. It is used when we have larger population. b) Preexperimental designs are used to control contamination of the relationship that exists between independent and dependent variables. This design is very weak because it fails to control the threats to internal validity or to provide comparison groups that are truly equivalent. Quasi-experimental designs are field experiments that are more advanced than preexperimental. They have control over some of the variables. Using...
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...1. Briefly discuss the role of the project manager in this situation. Demonstrate the use of effective project techniques to ensure that the project is ‘on time’ and ‘on budget’. The role of the project manager for Kopua footbridge Raglan is to ensure that the planning, organising, securing and managing resources all go to plan to achieve the goal. The project organisation works best when the work can be defined with a specific goal and deadline, the specific goal and deadline for the Kopua footbridge was for it to be opened for the public to walk across one last time before the new bridge would be opened for the first time. The Kopua footbridge is quite a unique project in terms of the distinctive lighting that represent the sea and paua. VS are the suppliers of this distinctive lighting for the bridge. An electrical engineer is needed for set up and making sure all connections are done properly. The project manager needs to make sure that all the work is going to be finished on time and control any delays that there may be. VS don’t negotiate on price (they have a fixed price for what they sell), their product is of high quality and will last for a long period of time. 2. In order to achieve set targets in your operation you apply the principles of Performance Management to help accomplish these. Discuss these in relation to your organisation and consider at least two appropriate performance measures suggested by Heizer & Render which are currently used or could be...
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...PRELIMINARY NOT FOR QUOTATION Increasing Global Competition and Labor Productivity: Lessons from the US Automotive Industry MCKINSEY GLOBAL INSTITUTE Martin Neil Baily Diana Farrell Ezra Greenberg Jan-Dirk Henrich Naoko Jinjo Maya Jolles Jaana Remes November 7, 2005 Preliminary Not for quotation 1. Introduction Increasing global competition is changing the environment facing most companies today. As trade barriers fall and transaction costs decline, new global competitors are entering previously more isolated domestic markets. In response to this intensified competitive pressure, local companies are pushed to enhance performance by innovating and adopting process and product improvements. This domestic sector dynamic leads to higher productivity, which, in turn, can create sustainable competitive advantages for companies, as well as being the most important driver of job creation and per-capita income growth for the economy. This link has been established in McKinsey Global Institute’s extensive country productivity research. Our new study goes further than previous research by focusing on how increasing global competition leads to productivity growth, using the US automotive manufacturing sector as a case example. More specifically, we have focused on the production of new vehicles in the US, including parts assembly. We have chosen this example because of the globally competitive nature of the automotive market and the size of the US...
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...Running Head: KUIPER LEDA GENERIC BENCHMARKING Kuiper Leda Generic Benchmarking University of Phoenix December 01, 2008 Abstract Kuiper Ledia, Inc. is an electronic components manufacturer, specializing in the "production of Electronic Control Units (ECU's) and sensors for the automotive industry" (UOP, 2007). After finding success with this niche during the past 10 years, the company has recently entered into the Radio Frequency Identification Device (RFID) market and has been in production for six months. This new capability has caused notice from Midland Motors and they placed an urgent, substantial order for ECU's and RFID's; an amount that exceeds Kuiper's current daily production capacity. To complete this order to Midland's specifications and time frame, Kuiper needs to determine the best way to undertake this order while meeting the production needs of orders already in the pipeline as their current capacity is insufficient to meet the additional demands. To further complicate the situation, Kuiper's production planning, inventory tracking, and supply chain management systems are inadequate to meet the demands of increased production. Benchmarking strategies are excellent resources to appraise the decision that Kuiper Leda can make when having alternative solutions based on benchmarking companies such as Dell, Eastman Kodak, ETC name all companies. Eastman Kodak Issue Kodak is the world’s foremost imaging innovator. George Eastman put...
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...Entrepreneurship. Land-all the natural resources. Labor-skills and abilities (workers too). Capital-What we use making it the final product. Entrepreneurship-A risk taker. He brings the other three factors together in innovative ways. Opportunity Cost-The best alternative, foregoing something, choosing between 2 options, the thing I give up is the opportunity cost (Guns & Butter is about opportunity cost). The graph for the opportunity cost show this: the curve line of the graph is the production possibility curve, the points on the curve tells you that every resources is being used efficiently (factors of production). Point C (outside the curve line) economic growth, w/more resources to use, we get there w/technology. Point A (inside the curve line)is ressession, unemployment, undesirable. Adam Smith, market mechanism(is what it’s called today) invisible hand (goes w/market mechanism) what gets produce, it moves the factors of production/us. This is the fundamental of capitalistic system, and the essential feature of market mechanism is price signal. Example: Block Buster goes out of business, start downloading through netflix. Laissez faire-leave it alone (hands off, capitalistic society). How do we compete? Produce least cost method and produce. Who? For those who want it and the ability to purchase it (capitalism). This is what makes America great. Karl Marx emphasized how free markets tend t concentrate wealth and power in the hands of the few, at the expense of the...
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...Melbourne VIC 8003 Tel: Fax: Email: (03) 9653 2244 (03) 9653 2303 maps@pc.gov.au General Inquiries: Tel: (03) 9653 2100 or (02) 6240 3200 An appropriate citation for this paper is: Productivity Commission 2009, Annual Report 2008-09, Annual Report Series, Productivity Commission, Canberra JEL code: D The Productivity Commission The Productivity Commission, is the Australian Government’s independent research and advisory body on a range of economic, social and environmental issues affecting the welfare of Australians. Its role, expressed most simply, is to help governments make better policies, in the long term interest of the Australian community. The Commission’s independence is underpinned by an Act of Parliament. Its processes and outputs are open to public scrutiny and are driven by consideration for the wellbeing of the...
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...Quality of Output in Secondary Schools in Ekiti State, Nigeria T.O. Adeyemi Department of Educational Foundations & Management, University of Ado-Ekiti, P. M. B. 5363, Ado-Ekiti, Nigeria Abstract: This paper examined the influence of class-size on the quality of output in secondary schools in Ekiti State, Nigeria. The population of the study comprised all the 141 secondary schools that presented students for the year 2003 SSC examinations in the State. A sample of 120 schools was selected through stratified random sampling technique. Data were collected through an inventory and were analysed with the use of chi square test, correlation analysis and t- test. Semi-structured interview was conducted with selected principals and education officers. Their responses were analysed through the content analysis technique. The findings revealed that schools having an average class-size of 35 and below obtained better results in the Senior Secondary Certificate (SSC) examinations than schools having more than 35 students per class. The mean scores were higher in schools having an average class-size of 35 and below. The interviewees’ responses supported the findings as they supported small class-sizes in schools. It was therefore recommended that Government should provide more classrooms in all secondary schools in the State to cater for small class-sizes. Key words: Missing INTRODUCTION Class-size is an educational tool that can be used to describe the average number of students per class in...
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