...Personal Budget School Supplies- This consists of various items needed for school such as books or class supplies like notebooks and pencils. This cost is normally higher during the beginning of the school year and goes down as the school year progresses. Food- This consists of the food I must purchase each day in order to eat my daily meals. I normally eat two meals a day and they are almost always cooked at home. I occasionally eat at the Cafeteria at school so this cost can be variable. Non-food essentials- This consists of any item I use daily as well. Such as shampoo, body wash, face wash, deodorant, toothpaste, shaving cream etc. I use these items everyday and this cost is fixed. Non-food refreshments- This consists of anything I consume that is not a food. Entertainment- This consists of items or services that are purchased for entertainment such as going to the movies or a museum etc. This is done on a fairly consistent basis from week to week. Clothing- Clothing is more of an occasional cost. I normally go out and purchase clothing a few times a year for each season and occasionally will purchase single items throughout the year. Car Expense- This consists of my expenses that go towards my car on a regular basis such as gas and oil changes. This excludes emergency type expenses such as extensive vehicle damage or issues. Charity- This consists of money donated to charity each week. Subscriptions- This consists of my monthly subscriptions...
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...Patterns • Strategies for Matching Capacity and Demand • Yield Management • Waiting Line Strategies McGraw-Hill/Irwin ©2003. The McGraw-Hill Companies. All Rights Reserved Objectives for Chapter 14: Managing Demand and Capacity • Explain the underlying issue for capacity-constrained services: lack of inventory capacity. • Present the implications of time, labor, equipment, and facilities constraints combined with variations in demand patterns. • Lay out strategies for matching supply and demand through (a) shifting demand to match capacity or (b) flexing capacity to meet demand. • Demonstrate the benefits and risks of yield management strategies. • Provide strategies for managing waiting lines. McGraw-Hill/Irwin ©2003. The McGraw-Hill Companies. All Rights Reserved 1 3/13/2015 Figure 14.1 Variations in Demand Relative to Capacity McGraw-Hill/Irwin ©2003. The McGraw-Hill Companies. All Rights Reserved Understanding Capacity Constraints and Demand Patterns Capacity Constraints • Time, labor, equipment, and facilities • Optimal versus maximal use of capacity Demand Patterns • Charting demand patterns • Predictable cycles • Random demand fluctuations • Demand patterns by market segment McGraw-Hill/Irwin ©2003. The McGraw-Hill Companies. All Rights Reserved 2 3/13/2015 Table 14.1 Demand vs. Supply McGraw-Hill/Irwin ©2003. The McGraw-Hill Companies. All Rights Reserved Table 14.2 Constraints on Capacity Nature of the constraint ...
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...McKeown Empowering Employees by Kenneth L. Murrell and Mimi Meredith Finance for Non-Financial Managers by Gene Siciliano Skills for New Managers by Morey Stettner Manager’s Survival Guide by Morey Stettner The Manager’s Guide to Effective Meetings by Barbara J. Streibel Interviewing Techniques for Managers by Carolyn P. Thompson Managing Multiple Projects by Michael Tobis and Irene P. Tobis To learn more about titles in the Briefcase Books series go to www.briefcasebooks.com You’ll find the tables of contents, downloadable sample chapters, information on the authors, discussion guides for using these books in training programs, and more. A e fcas Brieook B Accounting for Managers William H. Webster, CPA McGraw-Hill New York Chicago San Francisco Lisbon London Madrid Mexico City Milan...
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...control while the project is implemented • Types of Estimates –Top-down (macro) estimates: analogy, group consensus, or mathematical relationships –Bottom-up (micro) estimates: estimates of elements of the work breakdown structure Copyright © 2006 The McGraw-Hill Companies. All rights reserved. McGraw-Hill/Irwin 5–1 Why Estimating Time and Cost Are Important • Estimates are needed to support good decisions. • Estimates are needed to schedule work. • Estimates are needed to determine how long the project should take and its cost. • Estimates are needed to determine whether the project is worth doing. • Estimates are needed to develop cash flow needs. • Estimates are needed to determine how well the project is progressing. • Estimates are needed to develop time-phased budgets and establish the project baseline. EXHIBIT 5.1 Copyright © 2006 The McGraw-Hill Companies. All rights reserved. McGraw-Hill/Irwin 5–2 Factors Influencing the Quality of Estimates Planning Horizon Other (Nonproject) Factors Project Duration Organization Culture Quality of Estimates People Padding Estimates Project Structure and Organization Copyright © 2006 The McGraw-Hill Companies. All rights reserved. McGraw-Hill/Irwin 5–3 Estimating Guidelines for Times, Costs, and Resources 1. Have people familiar with the tasks make the estimate. 2. Use several people to make estimates. 3. Base estimates on normal conditions, efficient methods, and a normal level of resources...
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...+ _ 6V 4 kΩ Figure 3.50 For Prob. 3.1. Chapter 3, Solution 1 Let Vx be the voltage at the node between 1-kΩ and 4-kΩ resistors. 9 − Vx 6 − Vx Vk + = 1k 4k 2k Vx Ix = = 3 mA 2k ⎯⎯ Vx = 6 → PROPRIETARY MATERIAL. © 2007 The McGraw-Hill Companies, Inc. All rights reserved. No part of this Manual may be displayed, reproduced or distributed in any form or by any means, without the prior written permission of the publisher, or used beyond the limited distribution to teachers and educators permitted by McGraw-Hill for their individual course preparation. If you are a student using this Manual, you are using it without permission. Chapter 3, Problem 2. For the circuit in Fig. 3.51, obtain v1 and v2. Figure 3.51 Chapter 3, Solution 2 At node 1, − v1 v1 v − v2 − = 6+ 1 10 5 2 At node 2, 60 = - 8v1 + 5v2 (1) v2 v − v2 = 3+ 6+ 1 4 2 Solving (1) and (2), v1 = 0 V, v2 = 12 V 36 = - 2v1 + 3v2 (2) PROPRIETARY MATERIAL. © 2007 The McGraw-Hill Companies, Inc. All rights reserved. No part of this Manual may be displayed, reproduced or distributed in any form or by any means, without the prior written permission of the publisher, or used beyond the limited distribution to teachers and educators permitted by McGraw-Hill for their individual course preparation. If you are a student using this Manual, you are using it without permission. Chapter 3, Problem 3. Find the currents i1 through i4 and the voltage vo in the circuit in Fig. 3.52. Figure 3...
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...higher-education materials increased in cost so much that producers are just trying to pass on the expenses? Likely not. The fact is that consumers of college textbooks typically don't have a choice, making the demand inelastic and allowing publishers to charge prices well above what the consumer may value. While fantastic for publishers' margins, is this bubbly business sustainable? Let's analyze it. The rotating roster of publishers McGraw-Hill Education, now owned by Apollo Group (NASDAQ: APOL ) , Pearson (NYSE: PSO ) , and Houghton Mifflin Harcourt make up the three largest educational publishers. The previous owner of McGraw-Hill Education, McGraw Hill Financial (NYSE:MHFI ) , completed the sale of its textbook segment in March for $2.4 billion in cash, which it is using for share buybacks. Why did McGraw Hill want to divest from its education segment? The company's press release positions the slimmer group as "a high-growth, high-margin benchmarks, content and analytics company." And since completing the sale in March, McGraw Hill's stock has outperformed the S&P 500 by 14%. But was the segment that big of a drag? Not too much. In 2011, its education business brought in 37% of its total revenue, with a 14% operating margin -- what could be considered a healthy business. However, compared to its other businesses, like the S&P Ratings segment, which packs an operating margin of more than 40%, the education segment was the slowest and least flashy of them all. Pearson...
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...Value of Objectives Objectives Focus & Coordination Plans & Decisions Measurement & Control Establishing Objectives and Budgeting for the Promotional Program © 2007 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin © 2007 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Characteristics of Objectives Marketing Versus Communications Objectives Marketing Objectives • Generally stated in the firm’s marketing plan • Achieved through the overall marketing plan • Quantifiable, such as sales, market share, ROI • To be accomplished in a given period of time • Must be realistic and attainable to be effective Attainable Communications Objectives • Derived from the overall marketing plan • More narrow than marketing objectives • Based on particular communications tasks • Designed to deliver appropriate messages • Focused on a specific target audience Realistic Objectives Measurable Vs. Not Mutually Exclusive Specific © 2007 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin © 2007 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Many Different Factors Affect Sales Test Your Knowledge Which of the following statements about communications objectives is true? A) It is easy to translate sales goals into communications objectives. B) It can be difficult to determine the relationship between communications objectives and sales performance. C) Communications objectives cannot serve as operational guidelines to the planning, execution, and evaluation...
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...Milton Jones Research Proposal Paper STR/581 Strategic Planning and Implementation June 21, 2011 Professor: Joseph Fillar Proposal I intend to validate Google’s vision, mission and values statement by expressing the important message indicated in the mission for the company’s success. Google is a company that continue to grow and development thru the innovative process of change. The company has developed a mission statement designed to motive and encourage future success and longevity. Google’s mission is “to organize the world’s information and make it universally accessible and useful” (Google.com, 2011). The mission statement is positive, motivational and long-term which definitely gives the company a future to strive towards. The mission statement helps develop the company as a resource that would be used by anyone who was doing research or just asking a question in general. The mission statement allows Google to use any means possible to organize information. This means the company is not limited to a certain amount of searches or internet usage. The company goal is to “to organize the world’s information” and become “universally accessible” (Google Website, 2011). This goal gives the mission statement direction and flexibility as it does not specify the means, leaving penalty room to speculate how much the company will produce. However, the worlds information could never be made searchable or categorized because some data is private and other...
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...Systems Design: Process Costing Similarities Between Job-Order and Process Costing • Both systems assign material, labor and overhead costs to products and they provide a mechanism for computing unit product cost. • Both systems use the same manufacturing accounts, including Manufacturing Overhead, Raw Materials, Work in Process, and Finished Goods. • The flow of costs through the manufacturing accounts is basically the same in both systems. Differences Between Job-Order and Process Costing • Process costing is used when a single product is produced on a continuing basis or for a long period of time. Job-order Jobcosting is used when many different jobs are worked on each period. • Process costing systems accumulate costs by department. JobJob-order costing systems accumulated costs by individual jobs. • Process costing systems use department production reports to accumulate costs. Job-order costing systems use job cost Jobsheets to accumulate costs. • Process costing systems compute unit costs by department. JobJob-order costing systems compute unit costs by job. Quick Check Process costing is used for products that are: a. Different and produced continuously. b. Similar and produced continuously. c. Individual units produced to customer specifications. d. Purchased from vendors. Quick Check Process costing is used for products that are: a. Different and produced continuously. b. Similar and produced continuously. c. Individual units produced...
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...“Helping McGraw-Hill Construction Turn Valuable information into a Revenue Stream” “It’s not easy to take millions of documents, scan them, keep them all together, index them for keyword searches and then transmit them to different locations and different databases at the same time for repurposing into different media. Xerox showed us that they had really mastered this technology.” – Tim Ryan Senior Vice President, Business Operations McGraw-Hill Construction Background McGraw-Hill Construction—which includes Dodge Reports, Sweet’s and other web information services and publications—is the leader in providing information, intelligence, tools and resources to the $4.6 trillion construction industry. It’s constantly looking for ways to improve its operations to connect its customers to projects, products and people. A few years ago, the company’s MHC Dodge division decided to streamline the way it added new content to its vast digital database of architectural plans, specifications and other information related to active construction projects. The valuable database is subscriber based and contains more than 65,000 projects that are updated daily. At the time, the organization relied on five geographically dispersed in-house imaging facilities to convert hard-copy construction documents into digital form. The internal imaging process was not optimized, however, because it required scanning each document twice—once to produce microfilm and once...
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...With Karianne Martins post about thoroughly trained supervisors illustrated with group influence. When trying to influence a group you have to take on the Hawthorne effect (McGraw-Hill, 2004). This would give everyone in the group the special attention they need. This would allow everyone in the group to have their one on one time with the supervisor and to openly communicate any problems they may be having that they do not want to discuss with the group. In Karianne’s post she talked about supervisors not treating everyone equally. This could make one person that feels you are not giving them their time or support, a bad feeling and they might not work as hard as someone you talk to on regular biases. This could make people feel like they are getting “stuck with the rest” of the left over jobs as Karianne mentioned. I have learned from experience that some people may feel like you are spending more one on one time with another employee, some employees need more work on one task and the other may not realize you are just trying to teach them. Another thing I have learned is if you let someone take a break to go get people coffee you must make sure that they ask everyone so that others do not feel left out. When influencing groups you have to make sure everyone is treated equally. Rference: Rue, L. W., & Byars, L. L. (2004). Supervision: Key link to productivity (8th ed.). New York:...
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...Pacific Rim 3e 1 © 2010 The McGraw-Hill Companies, Inc. All rights reserved Wesfarmers Limited Wesfarmers OB practices have helped Wesfarmers Limited to become the largest private-sector employer in Australia and one of the most admired companies in the region. McShane-Olekalns-Travaglione OB Pacific Rim 3e 2 © 2010 The McGraw-Hill Companies, Inc. All rights reserved Organisational Behaviour and Organisations • Organisational behaviour – The study of what people think, feel, and do in and around organisations • Organisations – Groups of people who work interdependently toward some purpose Wesfarmers McShane-Olekalns-Travaglione OB Pacific Rim 3e 3 © 2010 The McGraw-Hill Companies, Inc. All rights reserved OB Foundations Distinct field around the 1940s OB concepts discussed for more than 2000 years Some pivotal scholars before OB formed include: • Max Weber • Frederick Winslow Taylor • Elton Mayo • Chester Barnard • Mary Parker Follett Elton Mayo McShane-Olekalns-Travaglione OB Pacific Rim 3e 4 © 2010 The McGraw-Hill Companies, Inc. All rights reserved Why Study OB? Satisfy the need to understand and predict Help us to test personal theories Influence behaviour – get things done OB improves an organisation’s financial health OB is for everyone McShane-Olekalns-Travaglione OB Pacific Rim 3e 5 © 2010 The McGraw-Hill Companies, Inc. All rights reserved ...
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... | | |Practical Organic Chemistry, 4th ed., Longmans, Green and | |547 | | |Co., Ltd., 1960. | |MAN-4 | | | |Biochemical Engineering | | |Bailey, J. E. and Ollis, D. F.: | |ICET, PU | | |Biochemical Engineering Fundamentals, 2nd ed., McGraw-Hill,| |660.6 | | |Inc., 1986. |...
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...Chapter 1 Managerial Accounting and the Business Environment Solutions to Questions 1-1 Managerial accounting is concerned with providing information to managers for use within the organization. Financial accounting is concerned with providing information to stockholders, creditors, and others outside of the organization. 1-2 Essentially, managers carry out three major activities in an organization: planning, directing and motivating, and controlling. All three activities involve decision making. 1-3 The Planning and Control Cycle involves formulating plans, implementing plans, measuring performance, and evaluating differences between planned and actual performance. 1-4 A line position is directly related to the achievement of the basic objectives of the organization. A staff position is not directly related to the achievement of those objectives; rather, it is supportive, providing services and assistance to other parts of the organization. 1-5 In contrast to financial accounting, managerial accounting: (1) focuses on the needs of the manager; (2) places more emphasis on the future; (3) emphasizes relevance and flexibility, rather than precision; (4) emphasizes the segments of an organization; (5) is not governed by GAAP; and (6) is not mandatory. 1-6 A number of benefits accrue from reduced setup time. First, reduced setup time allows a company to produce in smaller batches, which in turn reduces the level of inventories. Second, reduced setup time allows a company to spend...
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...McGraw-Hill Create™ Review Copy for Instructor Espinoza. Not for distribution. Course BBE 4505 Omar Espinoza University Of Minnesota NATURAL RESOURCES McGraw-Hill Create™ Review Copy for Instructor Espinoza. Not for distribution. http://create.mcgraw-hill.com Copyright 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without prior written permission of the publisher. This McGraw-Hill Create text may include materials submitted to McGraw-Hill for publication by the instructor of this course. The instructor is solely responsible for the editorial content of such materials. Instructors retain copyright of these additional materials. ISBN-10: 1121789048 ISBN-13: 9781121789043 McGraw-Hill Create™ Review Copy for Instructor Espinoza. Not for distribution. Contents 1. Preface 1 2. Methods, Standards, and Work Design: Introduction 7 Problem-Solving Tools 27 3. Tex 29 4. Operation Analysis 79 5. Manual Work Design 133 6. Workplace, Equipment, and Tool Design 185 7. Work Environment Design 239 8. Design of Cognitive Work 281 9. Workplace and Systems Safety 327 10. Proposed Method Implementation 379 11. Time Study 413 12. Performance Rating and Allowances 447 13. Standard Data and Formulas 485 14. Predetermined Time Systems 507...
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