...E4-6 Compañía Mt.Horeb, una sintonía de esquí y taller de reparaciones, abrió sus puertas en noviembre de 2011. La compañía cuidadosamente mantenido un seguimiento de todos sus cobros y pagos en efectivo. La siguiente información está disponible al final de la temporada de esquí, 30 de abril de 2012. CASH CASH RECEIPTS PAYMENTS Emisión de acciones comunes 20,000 El pago de reparación de equipos 9,200 Alquiler de pagos 1225 Pagos periódicos de publicidad 375 Facturas de pago de servicios públicos 970 Tiempo parcial ayudante de pagos de salarios 2,600 Ingresos pago de impuestos 10,000 Cobros en concepto de servicios de reparación de 32,150 esquí y snowboard Subtotales 52150 24370 saldo de caja 27780 totales 52150 52150 Se aprende que el equipo de reparación tiene una vida útil estimada de 4 años. La empresa alquila espacio a un costo de $ 175 por mes en un contrato de arrendamiento de un año. El contrato de arrendamiento requiere el pago de los primeros y último mes de renta por adelantado, el deseo se hizo. El ayudante a tiempo parcial se le debe $ 420 al 30 de abril de 2012, por salarios no pagados. En abril 30,2012 clientes deben sENOR Horeb Compañía $ 420 para los servicios...
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...The basic issue of the case is a company called Paragon Tool possibly merging with Monitor Robotics. The CEO that goes by Nicky, has to weigh all the options and compare the costs to the benefits. The merger might not sit right with the community, which has a lot of respect for the company the way it is right now. Another possible issue is a failure in the merger such as the Monitor Robotics technology not being able to be used with Paragon machines. This would mean a huge cost with the possibility of having to let go of employees by downsizing to try and stay afloat. On the other hand if it was successful the merger would bring in more employees, more customers, and just make the company better in general. Problems with merger also includes the current CFO William Littlefield who is very opposed to the merger, and Paragon Tools would have to consider the cost of losing him as well as hiring another knowledgeable CFO to replace him. Another issue brought up in the case is upper management not being unanimous in the approval of this merger. To have any chance for success in this merger, all the upper management has to agree on it because the employees will pick up on any hesitation and it could send the whole process awry. PART II: Using a minimum of 200 words each answer the following questions. (50 Points) 1. Why might Paragon Tool want to pursue acquisition of MonitorRobotics? What are the associated risks? Paragon would want to acquire Monitor to expand its current...
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...In business decision making most useful tool is demand and supply. Demand and supply are very broad area in economics. It will talk about very thing in the business. If do not know about the demand and supply, then cannot make a decision on the business. In this easy will discus about the demand and supply and other tools of business decision making. A market is a set of arrangement by which buyers and seller exchange goods and services. Let us look about demand. Demand can be described as the relationship between quantity demanded for a particular good or service in specific circumstance. Also demand is define as the quantity of a good or service that consumers are willing and able to buy at a given price in a given time period. Each of us has an individual demand for particular goods and services and the level of demand at each market price reflects the value that consumers place on a product and their expected satisfaction gained from purchase and consumption. The following example gives a demand curve. Price | | | | | | | | 30 | | | | | | | | | | | | | | | | 20 | | | | | | | | | | | | | | | | 10 | | | | | | | | | | | | | | | | 0 | 2 | 4 | 6 | 8 | 10 | 12 | Quantity | The demand curve shows an estimate about the relationship between the price of any particular product or service and the quantity of that product that will be demanded by consumers. It is usually assumed to slope downward, in the general...
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...Accounting: Tools for Business Decision Making 5th Edition Chapter 1 1. Forms of Business Organizations * Sole proprietorship: owned by one person * Easy to set up * Gives you control * Examples: barber shops, law offices, auto repair shops * Partnership: business owned by two or more people * More economic resources * Unique skills and resources * Important to have written partnership agreement forms * Examples: retail and service-type businesses, professional practices * Corporation: business owned by stockholders * Easy to sell (transfer ownership) * Consists of stockholders and investors * Easier to raise funds * Examples: Coca-Cola, General Motors, ExxonMobil * Hybrid Business: tax advantages of partnerships and limited liability of corporations * Taxes and legal liability are important * Sole proprietorship have more favorable tax treatments but personally liable for debts and legal obligations 2. Users and Uses of Financial Information * Accounting: information system that identifies, records, and communicates the economic events of an organization to interested users * Users: internal users and external users * Internal Users: managers who plan, organize, and run a business * Examples: marketing managers, production supervisors, finance directors, and company officers * Accounting provides internal reports (financial...
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...Pidwell University of Phoenix MGT 350 – Critical Thinking: Strategies in Decision Making Group: _____A_____ Dr. Jennie Wong, EdD, MBA, SPHR November 14, 2011 Problem Formulation and Decision-Making Tool The importance of using decision making tools has been helpful throughout man kind, although the stated theories came about not too long ago in 1927 by Ernst Heinrich Weber and Gustav Fechner. Naturally, a person will make a decision based on what they see fit to be the best fit for their needs or wants. Paired comparison is an effective method of decision making. “When our pattern of decision-making is irrational, we live an irrational life. Rational decisions maximize the quality of life without violating the rights or harming the well-being of others. Rational decisions maximize our chances for happiness, successful living, and fulfillment” (Paul & Elder, 2006, p. 1). Decision-Making Tool Paired comparison decision making is a tool used to come to a decision. This allows one to see two people, items or options and compare “apples with oranges”. With this tool, one would take pairs of items and choose the preferred item from the pair; either the preferred item, or the item that has been established to hold the most value. Strengths of this tool The advantages of this tool are for the individual to provide ample information for the decision at hand and to make a sound decision. One must research the options whether they are in regard to employment...
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...Decision Making Case Study Ciera Butts HCS/514 September 2, 2013 Michael Curtis Decision Making Case Study A major compound in managing an organization, resources, and staff members is an effective decision-making. Daily, managers may make dozens of important decisions that affect the operations, quality, and success of their organization. Not all managers have the natural ability to be effective decision-makers however that does not mean this is an unattainable skill. This skill can develop and improve to help managers make the most of their formal decision-making with the use of tools and intelligent use of resources. The standard definition of decision-making is; the process of mapping the likely consequences of decisions, working out the importance of individual factors and choosing the best course of action to take ("Definition of decision,"). Decision making takes qualified managers to determine what is the proper decision to make based on the information given and problems that may needs to solve; never cut and dry. Although decision-making is a job usually by the higher end of the pyramid, the bottom rung of the ladder can make it as well. Only a small portion of the company and other decisions may affect the whole company and the health of the patients by the decisions that are made. When facing many barriers making decisions, health care managers need as much help as they can get. With the advancement of medical technology comes the advancement in decision-making...
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...Smith Critical Thinking: Strategies in Decision Making /MGT 350 Cyndie Shadow, M.B.A. January 28, 2008 Abstract Business company owners and store managers in the retail industry must ensure their businesses are competitive to the industry, in order to maintain their store doors open. In the following scenario a problem evaluation and decision making process is simulated to assist in evaluating a specific retail stores current state. A description of the types of evaluation tools and techniques used and how they assisted with the evaluation of the decision-making process and outcomes will be outlined. A consideration if other types of tools and techniques would have generated better results will be evaluated. The purpose of this paper is to demonstrate the decision-making process and how different tools and techniques assist with critical thinking. Credenhill is a competitive retail business which is the subject of a simulation. At this time one of Credenhill’s local stores is dealing with problems which range from low sales, unhappy employees to other issues affecting their current operations. During the simulation we went through a problem evaluation and decision-making process intended to identify Credenhill’s current state, suggest corrective actions and measurements to ensure that the outcome of the corrective actions are beneficial to the store. In the following we will discuss the tools and techniques used in the simulation...
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...Making Business Decisions Decision Making Exercise 1 Introduction In this case study, the writer will discuss a personal dilemma encountered when deciding which prepaid mobile plan to purchase and introduce a decision making tool from online site Grid Analysis-Decision-Making Skills Training from MindTools.com (2011) called Grid Analysis. In addition, the report will analyse the advantages and disadvantages of the tool and make some suggestions to improve the quality of the results. Personal or business decision The personal dilemma in this situation is the multiple options of prepaid mobile plans available within the SingTel Optus Proprietary Limited in Australia. These plans are published on the Prepaid Mobile (2013) company pamphlet and they are Prepaid Social, $2Days, Crew Cap and Long Expiry Cap. It is evident from the pamphlet that these plans are equally attractive and above mentioned decision making tool was employed to facilitate the decision process in order choose a best option. Application of decision-making tool In the above mentioned decision tool table, the options are listed in the row labels and the relevant factors in the column headings. Initially each factor with their appropriate options is given a mark from 0%(Poor) to 100%(Good). Secondly, a relative weighting grade is applied to these marks, starting from 0.0(low importance) to 10.0(high importance) by multiplying marks with weighting grades. Finally a total score is calculated by aggregating values...
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...Decision-Making Case Study December 16, 2013 The health care industry have been impacted by the economy across the country. The patients who used Medicaid services have been affected by budget cuts. The Clark County Clinic has gone through budget cuts too. Each department that services to Medicaid clients has received a 15% budget cut. The managers of Clark County Clinic have to make a decision if they have to cut certain services or what they can do to still provide services to those that has Medicaid. Effective decision-making is a key component in managing an organization. Managers make important decisions daily that affect the operations and quality of their organization. Every manager has their own perspectives, some are natural at decision-making and some are not. Manager’s still uses tools such as the Informed Decisions Toolbox (IDT) by Rundall et al, it helps managers with their decision-making. Clark County Clinic has gone through budget cuts, a 15% budget cut. The organization has a number of decisions such has how to achieve the goal and still maintain the best quality care for their Medicaid clients. There is an article that have been written in 2007 by Rundall et al that describes the decision-making process and has a set of tools that may help this clinic make the most informed and effective choices determine which services should be changed to meet their budget needs (Rundall et al., 2007). The managers of Clark County Clinic will determine their...
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...these activities have in common? Critical thinking is required in each situation to adequately assess the situation and act accordingly. We may not be aware of the frequency with which we employ critical thinking, but it is vital to good decision making. Without critical thinking, managers can fall into the habit of reacting on impulse, responding to gut feelings alone, or relying only on the advice of others when making important decisions. Understanding the relationship between critical thinking and decision making is the first step towards making wise decisions. This week's focus is on critical thinking and how it relates to decision making. Topics include defining critical thinking, benefits of thinking critically, and the relationship between critical thinking and decision making. Week in Relation to the course Good decision making is the backbone of sound management. The University of Phoenix nine-step decision-making model requires a sequence of steps leading to a sound, defensible decision. Critical thinking is a vital component of making good decisions, defining the decision-making strategy by analyzing the thinking process involved. A firm grasp of the critical-thinking components will equip managers to make sound, considered decisions. Discussion of a Key Point, Thread, or Objective Critical Thinking Definition and Benefits "Critical thinking is that mode of thinking - about any subject, content, or problem - in which the thinker improves the quality of his or her thinking...
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...Identification When making decisions toward a problem, a manager is responsible for coming up with a solution or solutions to solve the problem. There may be the same situation that may occur in but not every individual will choose the same solution to solve the problem. Based on the Thinking Critically Simulation an individual is to assume a role of a manager and find ways to come up with solutions to solve the problem. The four people on Team X took the simulation will result in four different ways of using the tools and techniques to solve the problems. For Team X to complete the simulation members had to record their information on three documents that would help them come up with a valid solution to solve the problems that was mention in the simulation. Allowing each individual to discuss what she thought of the simulation, discusses how the tools and techniques used and how changing an individual’s way of thinking will prove that not everyone think alike and that there is not right solution. The simulation is designed to test Team X’s problem formulation and decision implementation skills. Terria’s impression of the simulation was that it allowed an individual to see what problems managers have when trying to manage a business and how they will come up with a decision. She believed that this allowed the individual to be put in a management position and come up with a good solution to solve the problems that the business is having and after making a decision the individual...
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...Industry is experiencing, and evaluate the decisions made in focusing on framing the problems and making decisions regarding the effectiveness of the decisions made. Credenhill Industry's systematically operates a $750 million company today. They accomplished this by amalgamating the distinguishing circumstance of running a triad of subsidiaries, rejecting to go public and appointing Linda James, who is considered by colleagues as one of the leading entrepreneurs of the times. The company uses a comprehensive program to discover and guide bright green managers to fast track career opportunity in a five month. This program entails a challenge to three of the coworkers respectively overseeing one of the three subsidiaries and mentored by Linda James. The challenge began with the news of taking over controls as Store Manager of a Credenhill consumer electronics store in Dallas Texas. The sheer excitements of the brand-new position weakened as the results of long lists of ongoing problems were determined. A new store has opened up recently close by severely reducing the revenue for Credenhill. This issue produced a snowball like effect to the department store and its employees. The new store carried a bigger inventory, competitive pricing and was allegedly to pay their employee a higher salary. If this were not enough it was divulged that we were in legal trouble because of neglecting handicap access laws. Many problem evaluation tools and techniques are applied to the Critical...
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...Week Three: Decision Making Details Objectives 3.1 Describe tools and/or techniques used in decision making. 3.2 Examine decision-making models and influences. 3.3 Apply a decision-making technique to a situation. Readings Read Ch. 14 of Critical Thinking: Tools for Taking Charge of Your Learning and Your Life. Read Ch. 1–3 of Smart Things to Know About Decision Making. Read Ch. 4, 12–26 of Decide & Conquer: Make Winning Decisions and Take Control of Your Life. Read this week’s Electronic Reserve Readings. Participate in class discussion. Respond to weekly discussion questions. W3 8 2% Participation Discussion Questions Nongraded Activities and Preparation Decisions in Paradise Business Scenario For Weeks Three through Five, you will work individually using the Decisions in Paradise Business Scenario located on your student website as the basis for these three assignments. In this scenario, you will play the role of Nik, and your current employer is the organization represented by Alex, Nik, and Chris. You will also use the mission of your current organization to assist you in decision making in discussing this business scenario. There are three phases to this assignment which will be cumulative, meaning that each part will build upon the next. You will use this paper and feedback from your instructor as input to improve your Week Four and Week Five assignments. The three deliverables for this project are: Week Three: Decisions in Paradise Paper, Part I Week Four:...
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...Decision-Making Case Study Analysis Tara Thompson HCS/514 September 27, 2015 Steven Bonnell Decision-Making Case Study Analysis The healthcare industry is one of the largest industries in the country. As the healthcare industry continues to evolve, it continues to undergo many changes. Technology and medical advancements are two of the biggest changes that are consistent. The economy has its ups and downs and continues to change as well. As the economy changes, healthcare cost rises which can have an impact on many organizations. The many organizations either had to move, down sized, lay off staff or close. The Piedmont County Clinic has been struggling to stay in operation. Due to budget cuts the clinic has been affected tremendously. The Piedmont county clinic budget has been cut by 15%. The population that is mainly affected by the budget cuts are the Medicaid recipients. Medicaid recipients are affected in two ways, benefits are reduced and the services they receive at the clinic are reduced as well. The administration at Piedmont County Clinic are being forced to reduce or eliminate services that are provided to Medicaid recipients. In order for Piedmont County Clinic to continue to provide quality health care the administration has to address the budget cuts by either reducing or eliminating services that will unfortunately affect many Medicaid recipients. The Piedmont County Clinic has appointed a team of managers to plan and make decision...
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...Thinking Critically Simulation Thinking Critically Simulation Several problem evaluation tools and techniques were encountered in the simulation. As each team member completed the simulation, each was able to understand the differences of the tools and techniques that were used, and how they were applied. Discussed here are how these techniques assisted with the evaluations of decision-making processes and outcomes. Further, each team member was able to understand the outcomes that were reached from the simulations, and how the changes of those decision-making techniques offer better results. Many problem evaluation tools and techniques are applied to the Critical Thinking Simulation. The simulation provides a variety of information gathered from both market research and employee interviews. In addition, the founder of Credenhill Industries, Linda James, provides advice and recommendations to assist in the decision-making process. Another problem evaluation tool found within the simulation is the Urgency-Criticality Matrix. An Urgency-Criticality (UC) Matrix is a tool that helps in the decision-making process to sort or sift through current issues and problems. The UC Matrix assists in prioritizing and sorting possible solutions according to the urgency and criticality of each situation. Urgent problems require immediate attention and critical problems are the activities necessary to achieve the objective. The UC Matrix facilitates in classifying...
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