...UNIT 3 INDIVUAL PROJECT Presented in Partial Fulfillment Of the Requirements for the Class Business 310 BY: KELVIN WILLIAMS AIU ONLINE 09/05/15 What are the key legal factors present in the scenario? There are a lot of legal issues at hand in this scenario, but the main legal issue whether the company is telling the truth or is it valid or not. The soft drink company put a deal out there, which promised a reward of a Harrier Jet for whoever would reach 7 million company points. But when a customer reached the 7 million points it remained to be seen if the company would keep there end of the bargain. The issue here is whether the company’s suggestion for exceeding something that wasn’t a reasonable or appropriate award constituted a valid contract or not. What are the 4 elements of a valid contract? There are four elements of a contract and when a party files a suit claiming a breach of contract; the first question the judge must answer is whether a contract existed between the parties. The complaining party must prove four elements to show that a contract existed: (1) offer, (2) Consideration, (3) Acceptance and (4) Mutuality. If any one of them is missing, the agreement will not be legally binding. An offer is when one of the parties makes a promise to do or refrain from doing some specified action in the future. In this case the company offered to give a Harrier jet to the customer who could reach a total of 7millon points. Consideration means something of value was promised...
Words: 1351 - Pages: 6
...Running head: BINDINGS To make bindings or not to make bindings that is the question Natalie Johnson January 21, 2011 American Intercontinental University Abstract Many companies outsource for their companies benefits. Others have learned that outsourcing was not such a great idea and that it caused more problems than solved them. The Ski Pro Corporation has now decided to start making cross country skis instead of sticking with just producing water skis. The Ski Pro Corporation now needs to decide if it is better to make the bindings that the new skis require or outsource the making of the bindings. To make bindings or not to make bindings that is the question The Ski Pro Corporation would like to know if they should make the bindings or outsource them to a subcontractor. The Ski Pro Corporation should just make the bindings only because if they outsource it will cost an extra $0.50 per pair. That extra $0.50 spent on outsourcing could eventually add up over time. Calculation: Direct Labor: $35 Direct Material: $30 Total Overhead: $15 Making Bindings: Labor: $35 * 10,000 = $350,000 Material: $30 * 10,000 = $300,000 Overhead: $15 * 10,000 = $150,000 Total Cost: 350,000 + 300,000 + 150,000 = $800,000 Outsource Bindings: Purchase Labor: 350,000 * 10% = $35,000 Purchase Material 300,000 * 20% = $60,000 Variable Overhead: 50,000 * 10% = $5,000 Variable Overhead Costs need to be calculated. First we take the Fixed Overhead which is $100,000. Now we need...
Words: 731 - Pages: 3
...1) Mere Assertion means that it is true because one believes it is. Argument: If I said that I am the most beautiful person in the world. To me that would be what I believed and no matter what one says, I will believe it no matter what, until it is proven otherwise. 2) Circular Reasoning meaning to me that the reasoning is the same all the way around. Argument: That I believe God is real and that he wrote the Bible (Basic Instruction Before Leaving Earth). That he also created man and woman, and all things in this world. That he died for on the cross for my sins. That he also died and rose from the dead. 3) Ad Hominine means that one is attacking another without a valid argument or attacking someone not pertaining to what is being argued. Argument: Because I am a Christian and I said not only under my belief is abortion wrong but that it is morally wrong. One might say that I would say that because of my religious background. Even if I gave valid reasons why it is morally wrong, even for someone who is not a Christian. 4) Red Herring is making a statement that does not pertain to the argument, and it made is to try and confuse others. Argument: My boys argue about doing chores. If one has taken out the trash the day before and the dog needs to go out today, then the one who took the trash out yesterday might say well I took out the trash yesterday, when both are a daily chore. 5) Pseudo-Questions is when someone ask a question that seems to have a...
Words: 548 - Pages: 3
...Surveys and Polls of Today Kristyle Trigg American Intercontinental University BUSN311 – Quantitative Methods and Analysis January 21, 2015 Abstract In America as a whole the number of people that are living today is at 320,214,091 according to the Census Bureau. This number will continue to change by each minute of each day due to babies being born all over the country. Below is information regarding the findings of different survey’s and polls. Enjoy the findings from this writer. Unit 3 Individual Project Introduction As different things become relevant to our country that refer to entertainment, politics, and general everyday things different survey’s and polls will be taken by a number of people giving there different opinions about these things. Each day there are different survey’s and poll’s that are taken in order to come up with the number of people that agree, disagree, and are informed about things that are going on in our country that makes up a general number for the overall population. Although everyone in the country is not the number that each survey or poll is going by they are able to give a percentage from those who do cooperate with them and those who don’t. The only number that comes close to being accurate of those in the country in the one the Census Bureau has and even that number is off by some. What we can go by is what is given. Entertainment survey from Newsstand (Proquest) This entertainment survey is about married celebrities Sarah...
Words: 1486 - Pages: 6
...the relations within and between data sets. Conversely, it is also important to be able to represent graphs as databases or arrays, so that programs for processing the data can be written. Part I: Adjacency Matrix and Shortest Path Construct a graph based on the adjacency matrix that appears below. Label all nodes with indices consistent with the placement of numbers within the matrix. ⌈0 | 6 | 0 | 5 | 0⌉ | | 6 | 0 | 1 | 0 | 3 | | | 0 | 1 | 0 | 4 | 8 | | | 5 | 0 | 4 | 0 | 0 | | ⌊0 | 3 | 8 | 0 | 0⌋ | | | | | | * Describe the graph and why it is consistent with the matrix. The Graph above is an undirected graph. As the lines are not directed towards a particular node, the lines or edges go both ways. It is consistent with the matrix because the matrix is defining the edges. * How many simple paths are there from vertex 1 to vertex 5? Explain. There are 3 paths. 1-2-5, 1-2-3-5, 1-4-3-5. * Which is the shortest of those paths? That would be the 1-2 path. As the sum equals 9 and is the shortest path. 1-2-3-5=15 and 1-4-3-5=17 Part II: Trees * Construct and describe a tree that indicates the following: * A college president has 2 employees who answer directly to him or her, namely a vice president and provost. * The vice president and provost each have an administrative assistant. * Three deans answer to the provost, and the heads of finance and alumni relations answer to the vice president. * Each dean oversees three...
Words: 396 - Pages: 2
...Unit 3 IP Shante Patterson ACCT205 AIU Online December 1, 2013 The internal control system should be intended to distinguish and prevent deception, mistakes and oversights, and material misstatements; then again it can only provide sensible assurance that the financial statements are at liberty from material misstatements. The best designed internal control system will not avert management override or collusion. The internal controls system is only as good as the management backing behind the system; this comprises training employees and dynamically observing the controls. The cost of applying a specific control should not surpass the probable benefit of the control. On occasion there are no out-of-pocket costs to institute an acceptable control. Internal control procedures are the duty of the management. Every single control must be assessed based on risk and a cost/benefit inquiry. Several operational low cost procedures can be applied. These control procedures, when in service effectively, will arrange for a sensible assurance that mistakes will be either prohibited or identified. Instances of controls that would have make sure that the prepaid tunings were made would be to gather a check-list of cyclical monthly journal records, than as a part of the financial report evaluation procedure, this check-list ought to be looked over by the management. At each financial statement date, each balance sheet account is resolved; this will guarantee that every single balance...
Words: 532 - Pages: 3
...Unit 3 – Individual Project American InterContinental University ACCT310 – Managerial Accounting Abstract This paper will provide explanation of contribution margins, a determination of an annual break-even point, and operating income of Andre’s Hair Styling with calculations supporting answers. All calculations of business are based on each barber being paid $9.90 per hour working 40 hours per week and 50 weeks per year. Rent and other expenses equal $1,750.00 per month. Expenses include forty cents per client for shampoo, while services include haircuts priced at twelve dollars each. A revised or new contribution method, where barbers will receive wages of $4.00 per hour plus $6.00 per haircut. Contribution margin is revenue minus variable expenses. Meaning how much a company’s revenue will contribute to fixed expenses and net income. The contribution margin is also useful in determining a company’s break-even point (AccountingCoach.com, n.d.). At Andre’s Hair Styling haircuts are $12.00 with a shampoo expense of $ .40, while barber compensation is a fixed cost. Contribution margin per head Hair cut price – Shampoo expense $12 - $.40 = $ 11.60 per head When planning a company’s future, management must plan to predict the volume of activity, the cost incurred sales to be made, and profits to be received. An important tool to accomplish this is cost-volume-profit...
Words: 634 - Pages: 3
...Unit 3 individual project By Russell Ponder American InterContinental University Abstract Many people are unaware of the laws that affect their daily life. They don’t know that there are certain laws that police must abide by when it pertains to search warrants. We all should know the definition of probable cause. Probable cause must be based on facts. There are many factors that go into probable cause, Observation what an officer can see smell or hear, expertise the skills the officer obtains, information the info that is provided by a victim witness or informant. Circumstantial Evidence, evidence that implies a crime but doesn’t prove it. There are exceptions in the probable cause issue like the section 44 terrorism act which states that it enables the police to define a space and time to stop any person or vehicle and seize anything that could be connected to terrorism. The section also states that the police don’t have to have reasonable suspicion that an offence has been committed. Some reasons for legal warrantless searches are any immediate threat public safety in example of someone screaming in a private room the police can have the door opened by force if necessary to determine if a violent crime is in progress they can then seize anything related to the crime that is in plain evidence. Many officers also ask for consent to search or entering private property to investigate a report. Exigent Circumstances...
Words: 268 - Pages: 2
...Grade Received: "A" Medical Record Contents and How to Make Entries inside the Medical Record There are several components listed in a medical record. These components are listed below: • Consumer’s entire name, demographics, contact numbers, social security number, date of birth, and whether or not they are married (Fremgen, 2012). • Consumer’s previous medical history (Fremgen, 2012). • Days and hours of every appointment and treatment (Fremgen, 2012). • History of the presenting illness (Fremgen, 2012). • Review of symptoms, and why the patient came in to the office (Fremgen, 2012). • Main Complaints (Fremgen, 2012). • Results of the exam performed by the doctor (Fremgen, 2012). • Doctor’s assessment, diagnosis, and what he/she recommends as far as treating the illness (Fremgen, 2012). • Progression documentation of former appointments and therapeutics (Fremgen, 2012). • Medical problems of kindred (Fremgen, 2012). • Individual medical problems (Fremgen, 2012). • History of medicines as well as notes regarding all orders to refill meds (Fremgen, 2012). • Treatments (Fremgen, 2012). • X-ray reports (Fremgen, 2012). • Lab reports (Fremgen, 2012) • Reference Statements (Fremgen, 2012). • Identification of disease or illness (Fremgen, 2012). • More communication regarding patients include: when it is needed, documents regarding compliance, patient’s permission to give out information, and a copy of a living will if the patient has one (Fremgen, 2012). ...
Words: 723 - Pages: 3
...American InterContinental University MGMT422-1301A-01: Professor William Becker March 6, 2013 Abstract This essay will discuss a proposal made for Triangle Solutions. We will be proposing to create plastic strips for fully-automatic processing machines. Triangle Solutions Plastic Stripping Part I: Proposal The new product is a special plastic strap that will be exhausted in automatic plastic packaging machines that are exhausted in high-speed packaging businesses. These straps will consist of precise measurements, highly-tested durable stamina, and external attributes that will allow for less than one mistake in every one-thousand uses in totally automatic devices. Industry The industry, of course, will be the plastic industry which is the third biggest industry within our nation. According to data from 2007, the plastic industry opened up jobs for more than a million laborers, made almost $400 billion in yearly shipments, and had a trading excess of $11 billion. The United States plastic industry has increased their productivity and shipments quite a bit (Plastic Industry Facts, 2007). Market Size The entire plastic shipment was thought to be around $400 billion. It is also thought that the market for our straps make up 0.5% of the plastics market, which totals out to almost $2 billion (Plastic Industry Facts, 2007). Team Requirements The necessities for our team will be: operations team, marketing team, finance...
Words: 1118 - Pages: 5
...Unit 3 Individual Project Art Appreciation HUMA 205 June 25, 2013 Abstract I will attempt to compare and contrast two pieces of art work from the renaissance period. Out of our textbook I chose a piece by Masaccio, The Holy Trinity. The piece of art I chose from a website is from Leonardo da Vinci called Madonna and Child. Both pieces of art are masterpieces of the early renaissance period. Renaissance Paintings and the Artists For many Europeans the renaissance was a period of achievement and worldwide exploration. It was a time of discovery. A time of new and renewed understanding that changed the medieval times and laid the foundation for modern society. Masaccio became the first major painter of the Italian Renaissance. He greatly influenced the art of painting in the renaissance. He moved Italian painting away from the idealizations of Gothic art and presenting his work as a more profound, natural, and humanist world. The Holy Trinity was the last painting he did and is considered one of his greatest masterpieces. Masaccio constructed his masterpiece with simplicity and naturalistic, three dimensionality. (The Holy Trinity by Masaccio, nd) The Holy Trinity was one of the first paintings Masaccio used the linear perspective. Linear perspective is a mathematical system used for creating three dimensional shapes and figures on a flat surface. He used perspective to make the illusion of three dimensions. The perspective lines draw the viewer...
Words: 497 - Pages: 2
...March 5, 2013 Abstract This assignment will use the CGM and the CAPM to calculate some information regarding the XYZ stock market. XYZ Stock Market Information Krf=2% XYZ’s beta =1.64 XYZ’s current annual dividend = $.80 XYZ’s 3-year dividend growth rate (g) = 8.2% Industry P/E = $4.87 KS= (Risk Free Rate) + Beta (Market Premium) KS= (0.2) + 1.64 (.075) KS= (0.2) + 0.123 KS= 0.143 or 14.3% Stock Price= Estimated dividend/ (Cost of Equity-Growth) .80/(14.3%-8.2%) .80/6.1% $13.11 The current stock price is $76.28, which depicts a difference of $63.17 between the stock price above and the current stock price. Such a large difference might be from all of these factors: 1. When figuring the rate of return, we assumed a market risk premium of 7.5%. This type of assumption is not correct because the market risk premium changes every day, and when this happens, XYZ’s required rate of return would be affected; thus affecting the stock price as well. 2. The growth rate used to do the math was 8.2%. The present XYZ growth rate might be higher than this rate, thus a difference with the growth rate could possibly result in a different price per share. 3. The XYZ price per share had been going up over the past month. This particular raise in the share price could have caused non-experienced shareholders to spend lots on the XYZ stock, thus causing the share price to increase. KS= (0.2) + 1.64 (.10) KS= (0.2) + 0.164 KS= 0...
Words: 444 - Pages: 2
...Activity-based & Process Costing Unit 3 (IP) AIU Online Virtual Campus 05-11-2012 Abstract The discussion on this paper will be about a ski company that is considering branching out their company by either buying or producing some manufactured goods to boost their business during the winter months. This ski company produces and sells an exceedingly victorious profile of water skis, but are studying about the most current intersect-country skis. If this company decides on obtaining the strip wanted or they can produce the bindings for their skis to switch them into snow skis for the winter then they would need to know whether they are gaining or losing profits for the company. If gaining the profits then the company will need to expand the business, but if losing the profits then they will need to go back to step one and look to see if they did not jump before the gun on a much bigger step than they should have taken. Activity-based & Process Costing A collection of techniques and tools can identify with how management’s decisions can affect costs through a cost management system (CMS). The CMS computes the organizations activities in performance and by the costs of resources, in order to access the change in costs in the business activities. This system can provide to your business an aggregate measure of inventory value and the manufactured cost of goods on the external reports that are submitted to the investors, creditors, plus other external stakeholders that...
Words: 1093 - Pages: 5
...Officers must conduct a pretrial service investigation. They will have to gather and verify important information about defendant(s) suitability for pretrial release. When Officers are notified that defendant(s) have been arrested, this is when the investigation begins. The arresting agent will place a call to the pretrial service office with information about the defendant, and the circumstances surrounding the arrest (Pretrial Services, n. d.). Officers must interview defendant(s); this is done to determine the defendant’s source of support, activities, living situation, and employment (Pretrial Services, n. d.). Prior to the interview a criminal history check will be performed, the officer may need to speak to the Assistant U.S. Attorney about the charges and the Government’s position for a decision to be made in deciding to release or detain the defendant. The interview must take place in the U.S. Marshal’s holding cell, local jail, pretrial services office, or law enforcement agency’s office (Pretrial Services, n. d.). Officers speak to defendants in private and must remain objective during the interaction. The officer explains that information will be used to determine defendant’s release or whether or not he/she will be detained. Pretrial Service Officers must never discuss alleged offense, guilt, or innocence and does not provide legal advice or recommend an attorney (Journalists Guide, 2011). Pretrial Service Officers must verify information received from the defendant(s)...
Words: 584 - Pages: 3
...Hours) Prerequisite(s) and/or Corequisite(s): Prerequisites: NT1110 Computer Structure and Logic or equivalent Course Description: This course serves as a foundation for the study of computer networking technologies. Concepts in data communications, such as signaling, coding and decoding, multiplexing, circuit switching and packet switching, OSI and TCP/IP models, LAN/WAN protocols, network devices and their functions, topologies and capabilities are discussed. Industry standards and the development of networking technologies are surveyed in conjunction with a basic awareness of software and hardware components used in typical networking and internetworking environments Introduction to Networking Syllabus Where Does This Course Belong? This course is required for the associate program in Network System Administration and the associate program in Electrical Engineering Technology. The following diagrams demonstrate how this course fits in each program. Associate Program in Network Systems Administration NT2799 NSA Capstone Project NT2580 Introduction to Information Security NT2670 Email and Web Services NT2640 IP Networking PT2520 Database Concepts NT1330 Client-Server Networking II NT1230 Client-Server Networking I NT1430 Linux Networking PT1420 Introduction to Programming NT1110 Computer Structure and Logic NT1210 Introduction to Networking NT1310 Physical Networking CO2520 Communications SP2750 Group Theories EN1420 Composition...
Words: 4400 - Pages: 18
