...Managerial Analysis Sherry Perry ACC/561 October 28, 2013 Norberto Torres Managerial Analysis Ideal management is considering Activity-based Costing (ABC) to absorb its increasing Research & Development (R&D) costs that have been spiraling uncontrollably. Ideal R&D Department has only provided in-house services to its manufacturing departments, but Ideal management is considering outside R&D support to other manufacturing firms that have requested support to help with the R&D costs. To accomplish this goal, with an activity based costing (ABC) system, which is a two-step process, first we need to identify the activity cost pools. This is an essential task to identify the tasks performed to produce a product or perform a service. All activities must be documented. In the case of Ideal, for just the R&D Department, four cost pools have been identified; they are Market analysis, Product design, Product development and Prototype testing. The next task is to determine the annual overhead costs for each cost pool. The annual costs for each pool are as follows; Market analysis: $1,050,000, Product design: $2,350,000, Product Development: $3,600,000, and Prototype testing: $1,400,000. The next step is identifying cost drivers within each cost pool. One cost driver has been identified for each cost pool. Once the amount for each driver is calculated, the annual overhead cost for each cost pool is divided by the cost driver for that cost pool to determine...
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...October 23, 2011 Abstract Today’s entrepreneurs can learn how to profit and be social responsibility by studying the leading entrepreneurs of the past. In this paper we will learn Thomas Edison’s and Blake Mycoskie’s leadership style, and major business principles for a profit-oriented entrepreneurial approach in which the primary goal is to provide a product or service to consumers and to make a profit. Also their major business principles for a social-responsibility oriented entrepreneurial approach in which the primary is goal to make a positive impact on society (people, families, ecology, or similar) while providing a product or service to consumers and to make a profit. This paper will also show what three resources or tools available through the Small Business Administration and SCORE would be the most useful. Profit-oriented entrepreneurial Thomas Edison is well known for three main inventions. Those being the light bulb, the phonograph, and the X-ray but the invention he profited from you may have never even heard about. In 1874, Edison invented the quadruplex telegraph, which allowed the transmission of two signals in each direction down one wire. He sold this invention to Western Union for the sum of $10,000 which was a large sum at that time. He used this money to create a work space to work on his other inventions. Edison would go on to found, cofound, or acquire more than 150 companies in more than a dozen industries, including General Electric...
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...The Love of Money L Amanda Kelley Davenport University Abstract This paper will explore the love of money. Many who have been placed in a position of trust have violated that trust for what I consider the love of money. Many excuses have been made for seeking to attain what one did not rightfully earn. The Love of Money Back in the seventies The O’Jay’s penned a popular tune, “Money money money money, MONEY.” There is a line in this song that states, “For the love of money, a person would lie, cheat and steal,” how true that scenario has become. For the purpose of this paper the author shall attempt to analyze the article “Love of Money and Unethical Behavior Intention: Does an Authentic Supervisor's Personal Integrity and Character (ASPIRE) Make a Difference?,” written by Thomas Li-ping Tang and Hsi Liu (Tang & Liu, 2012). There shall also be an attempt to determine if the examples given determine a love for money or if these were actual survival tactics for a chosen lifestyle. I will also suggest a question that I believe should have been added to the questionnaire. Tan and Liu were attempting to determine the affects the love of money has on ethical decisions when supervisors vary in their ethical lifestyle. 266 part time business employees (students) were given five questionnaires to fill out. This qualitative study also saw them perusing databases doing panel reviews to obtain the same respondent in different phrase of their life. Reflecting on previous...
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...To: Chad Thomas From: Subject: Impact of standard line on manufacturing process Date: 05/24/15 Business Brief Chad Thomas is the founder of Chad’s Creative Concepts, a company that designs and manufactures wood furniture near Lake Erie in Sandusky, Ohio. Thomas, an “outdoors” type of person, wanted to bring that design into the home, and began creating custom-made wooden furniture for vacation homes along Lake Erie, Kelly’s Island, and Bass Island. Sales took off, and the company chose to produce a retail line of their popular pieces. The company still operates a single manufacturing process for the two lines, and profits are decreasing from additional inventory and rental space needed to accommodate the inventory size (Krajewski, Ritzman, & Malhotra, p.29-30). Manufacturing Conflicts Sales and marking affected Chad’s manufacturing operations negatively when they added a retail line of their standard pieces. The company added a second line, but still operates with a single manufacturing process. The manufacturing process they have in place is causing the company extra money because they are not able to produce the two lines at the same time. Their custom furniture takes priority, which leaves the standard pieces in assorted phases of completion around the plant (Krajewski, Ritzman, & Malhotra, p.29-30). After Chad’s added the retail line to their company the financial structure has declined. Profits are not as high as they should be. The company is losing...
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...Organizational Objectives January 23, 2012 Clifford Olson Strategic Program Management Worksheet |A: Concept |B: Application of Concept in Scenario |C: Citation of Concept in Reading | |Strategic Management Process: |“Along with the school’s executive director, the |Gray, C.F., & Larson, E.W. (2006) Project | |“Strategic management requires |Board has adopted a new strategy that uses |Management: The Managerial Process (3rd | |strong links among mission, goals, |business development as the model to increase |ed.). McGraw-Hill/Irwin. | |objectives, strategy, and |funding sources and revenues. The three-year | | |implementation” (Gray & Larson, |strategic program plan includes a number of new |Foundation Schools Scenario. (2012). | |2006). The process consists of four|projects to help realize this new vision. The |Retrieved from: UOPX library. | |stages: 1) Review and define the |first year of the plan has just been completed and| | |organizational mission, 2) Set |is slated for Board review. John Thomas, CEO, has | | |long-range goals and objectives, 3)|been choosing new Board members with business, as | | |Analyze and...
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...Thomas Jefferson and the Declaration of Independence In the Declaration of Independence, written by Thomas Jefferson, the Declaration of Independence was signed by 56 delegates while John Hancock signed the largest. It’s so hard to believe that only 56 men signed the papers that declared America’s independence from Great Britain. In the Declaration of Independence Thomas Jefferson wrote this letter as a complaint to the king of Great Britain to inform him that they were declaring themselves as their own country. This caused the American Revolution to begin. Thomas Jefferson reached out or dealt with these three audiences: the colonists, King George III, and the British people by writing the Declaration of Independence. In the year of 1776, Thomas Jefferson, a colonist, and 55 other colonists came together to form the Declaration of Independence. This letter was to express the colonists’ frustration about being taxed by King George III without representation: “But when a long train of abuses and usurpations, pursuing...
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...attorney’s law office during the summer. He/ She was given the opportunity to “sit at the defense table, help prepare notes for Thomas Deffens, the attorney, and also had the opportunity to sit on interviews with clients and witnesses. He/ She also had the opportunity to read police reports and evaluate evidence in the police evidence room with Mr. Deffens” (Braswell, Miller, & Pollack, 2006). The intern went to the courthouse with Mr. Deffens and soon realized that attorneys spend every morning there whether or not they have a case or not. The reason they are there is due to docket call. Docket call is when the “judges assigned the indigent cases” (Braswell, Miller, & Pollack, 2006). Mr. Deffens takes court appointments along with his private clients. While at the court house you realized that Deffens is very flirtatious with a women named Julie. Julie is the court administrator for Judge Anderson. Later on, the intern went back to the court house to file papers and Deffens asked the intern to drop something off to Julie. It was an envelope with her name on it, nothing official. The intern soon realized that it was not sealed, the flap was left open and you see five ten dollar bills and a note that read “Armstrong”. After reading that note, you made a connection with the name Armstrong. Deffens had received an appointment for a case named Armstrong and the money was a type of compensation or “kickback” for the appointment. The intern then talked to Deffens about what he/ she found...
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...gang members' social time, a senseless conflict arose between the teenage members and Mr. Thomas (aka Old Misery). The gang felt that Mr. Old Misery tried to bribe them off his property. The gang members did not appreciate Old Misery's bribery. Even though the teenagers were upset about the bribery, constantly bouncing balls around Mr. Thomas' house to annoy him was meaningless. The gang members led this on to a more serious and complicated incident. Being involved in a gang requires multiple criminal acts for every gang member to commit. Gangs commit crime for money, retaliation, respect, and to recruit members for the gang. Even though this crime may seem as an act for some form of respect, there is no proof from Old Misery trying to bribe them off of his property. According to this story, the criminal act upon Mr. Thomas could have been avoided. The gang members took their obnoxious acts from bouncing their balls to destroying Mr. Thomas home. Destroying someone’s home is extremely unacceptable under any conditions, and it is just bad unnecessary behavior. This story could have had a better plot or purpose for a group of people destroying someone’s home, instead of the gang assuming that Old Misery was trying to bribe them off of his property . "'I got some chocolates…don’t like them myself. Here you are. Not enough to go round, I don’t suppose. There never is,' stated by Mr. Thomas." That comment is not enough proof to say...
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...talents software engineers, asked Thomas Chan, the vice-president of software engineering at Advanced Photonics, Inc. (API), for a private meeting. Thomas Chan had been through this before when valued employees asked for private meetings which ended by announcing that they wanted to quit. Reasons for leaving the company were anything like the long hours, stressful deadline, need to decompress or get to spend time with their kids…etc. Thomas Chan assumes that the real reason for the staff leaving was having too much money too fast which gave employees financial independence and less motivation. During the meeting, after Suzanne Chalmers announced that she decided to leave the company, Thomas Chan tried to persuade Suzanne Chalmers to remain with API by offering her one of the following: 1-Giving her two or three months unpaid leaves with full paid benefits; so that she will have time to recharge batteries, 2- Workplace improvements – getting the latest computer technology to do her work or larger workspace with better view of the park, 3- 25 per cent pay increase and more share options, Thomas Chan also recognized Suzanne Chalmers’ great work by telling her that she was one of API’s most valuable employees and the company would suffer if she left the firm. Suzanne Chalmers responded by saying that she did not have any problems with her workplace and that she has an excellent co-worker. At the end of the meeting, Suzanne Chalmers promised Thomas Chan that she would consider...
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...Case Study #2 ACCT 504 Michael J. Norton Keller Graduate School Professor Gabriel Hicks August 3, 2014 To be able to reflect on the internal controls for LJB Company that need to be in place prior to the company going public, I will ask and answer three questions. I will detail these in the following ways. First, is there a need for improved or new internal controls? Second, what actions are not in compliance? Lastly, what company practices are in compliance according to the audit? According to the Sarbanes-Oxley Act of 2002, “public companies must issue an internal control report, and the outside auditor must evaluate and report on the soundness of the company’s internal controls” (Harrison, Horngren, & Thomas, 2013, p. 236). There are five internal control procedures for each transaction in the company. First is smart hiring practices and Separation of duties. Second come comparisons and compliance monitoring. Third are adequate records. Fourth, limited access to both assets and records. Last, proper approvals (either general or specific) for each class of transaction. The results of the audit bring to light the good and bad attributes of the existing internal controls that will require work to make this company ready for public trading. With the discussion complete relative to the internal controls and the necessary improvements and additions prior to going public, we move on to the actions that work for LJB at this time. For...
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...UC Berkeley - Haas School of Business Corporate Finance, EWMBA 231 Spring 2016 Prof. Thomas M. Mertens Assignment 1 Saturday, January 30 Case: Wilson Lumber Company (available on study.net) Readings: Berk and DeMarzo ch. 26-27, Higgins ch. 2-4 Questions: Your job is to evaluate Mr. Wilson’s loan application for the Northup Bank, and ultimately, to decide whether or not to grant a loan. To start with, Mr. Dodge needs a memo from you describing Wilson’s business, the likely reason(s) for his funding need, and the possible ways in which it can be financed. First, focus on Wilson’s business, leaving finance issues aside. 1) Describe briefly the lumber business and what you think are the key factors to be successful in it. 2) How well is the Wilson Lumber Company doing from an operational (as opposed to financial) standpoint? Now turn to some financial issues. 3) Describe briefly Wilson’s financial policy over the past few years. 4) Why does Mr. Wilson have to borrow money to support his business? a) A useful beginning to the analysis is the preparation of a Sources and Uses (or Fund Flow) Statement for the period 1982 through 1985’s first quarter. The “Sources and Uses Statement” helps you get a quick (but rough) picture of where cash is coming from (Sources) and where it is going (Uses). To construct the statement: - Compare Wilson Lumber’s Balance Sheet in 1982 and 1985 (Q1) - Classify each Asset that has increased (decreased) as a Use (Source) - Classify...
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...The True Science in Politics Benjamin Bishin's subconstituency theory of representation is supported with the empirical evidence that Larry Bartels provides from his book, of which Bartels evaluates social equality and its relationship with the American government, to Bishin's observations. Ideas, such as hidden minority rule, activism, visibility's true impact on the average voter, and ideological and social groups, that Bishin describes are supported by Bartels' findings; these findings being senators responsiveness to income groups, citizen's knowledge, and voting actions and more. Bishin's book, Tyranny of the Minority, develops the Subconstituency theory of representation that counteracts the leading theory of representation, the Demand Model. Bishin's synopsis of his theory is, “...subconstituency politics merely articulates a phenomenon long described by politicians and observed by journalists...,” (Bishin 13). The phenomenon being that minority held opinion can triumph over a majority held public opinion. However, Bishin shows this phenomenon to hold a deeper dogma in that constituents, for the purpose of reelection, appeal to groups. Bartels' book, Unequal Democracy, attempts to answer a question by Robert Dahl of, “...who actually governs?” (Bartels 1). Bartels' book argues, with a statistical emphasis, that our classed based society is becoming more polarized and unequal by politicians and cyclically exacerbated by voter apathy and actions. These examples...
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...Taxation of individuals and limited companies in the United Kingdom Contents Task 1: Duties and responsibilities of the tax practitioner in the UK tax environment 3 Executive summery 3 1.1 UK Tax Environment 3 1.2 The role and responsibilities of the UK Tax Practitioners 6 1.3 The tax obligations of tax payers or their agents and the implications of noncompliance 8 Task 2: Personal Tax Liabilities for Individuals and Partnerships 9 Introduction 9 2.1 a) Calculation of the relevant income and allowances for individual 9 2.1(b): Calculation of the relevant income, expenses and allowances of Mr. Thomas (self-employed): 10 2.2 Calculation of the taxable income and tax payable and tax payment due date for self employed 11 2.3 The relevant documentation and tax return 13 Conclusion 14 Task 3: Corporation Tax Liabilities for Companies 15 Introduction 15 3.1 Calculation of the chargeable profit for the company 15 3.2 Calculation of the tax liability of the company and when it would be due 16 3.3 Explanation of how income tax deductions are dealt with 17 Conclusion 17 Task 4: Capital Gains Tax for Individuals and businesses 17 Introduction 17 4.1 Identify the chargeable asset/s for capital gains tax 18 4.2 Calculation of the amount of capital gains/losses and the amount of taxable gains/losses 18 4.3 Calculation the amount of capital gains/losses and how much amount to pay as a capital gain tax liability 19 Conclusion 19 REFERENCES...
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...negotiating does not necessarily make someone a better negotiator. Instead, most of us seem to not notice the learning opportunities we are surrounded with due to lack of attention (http://lawweb.colorado.edu/profiles/pubpdfs/peppet/learning.pdf Page 1). We assess ourselves and others in our day to day activity, for example at work, under performance review. When it comes to negotiating there are many methods and instruments, but preparation is the key for effective negotiation. Successful preparation composes of three general abilities, which are self-assessment, assessment of the others and assessment of the situation(M&H: Pg 13). During class we practiced two methods of self-assessment, which are Thomas Kilmann Conflict Instrument (TKI) and Myers Briggs. The Thomas-Kilmann Conflict Instrument (TKI) assesses an individual’s behavior in conflict situations in which the concerns of two people appears to be incompatible. In conflict situation, we can describe a person’s behavior along with two basic measurements called Assertiveness and Cooperativeness. These two measurements of behaviors can be used to define five methods, which are Competing, Collaborating, Compromising, Accommodating and Avoiding (TKI Book). It’s vital to better understand our choices and results in conflict situations. We use some modes more readily than others,...
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...LET 1 Task 3 Thomas Pepper 195297 Introduction: Corporation A was founded in 1989 and focuses on creating marketing programs for the real estate industry. The corporate mission of Corporation A is to help clients improve their real estate sales. The Corporation A team is comprised of professionals with varied backgrounds and experience levels. The company prides itself on fostering a team environment throughout the organization. Given: Employee 1 has worked in the marketing department at Corporation A for 12 years. In the marketing department, employees who earn a superior rating on their yearly performance evaluation receive a large bonus at the end of the year. Employee 1 often comes into the office on weekends or stays late to ensure the work is complete and accurate. The marketing manager encourages employees to work beyond the requisite 40 hours a week by reminding them of the yearly bonus for receiving a superior rating on their next evaluation. Employee 1 is planning to use the bonus for a well-deserved vacation that would be unaffordable without the bonus. Employee 2 is the only certified public accountant (CPA) in the accounting department at Corporation A. Employee 2 has negotiated with the accounting manager to work a four-day work week and is the only person in that department allowed to work a compressed work week. The accounting manager agreed to the shortened work week because Employee 2 is the only employee who can prepare the company’s financial...
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