Purpose: The purpose of this assignment is to allow you to identify the ethical implications of classifying costs correctly and following the appropriate rules of the accrual process.
Parameters: For this assignment, you will write a 3-4 page paper, not including the Title and Reference pages. The paper must include at least 2 references, including the Bible. Your paper should follow current APA format. You should compose your paper in a professional format, including complete, coherent sentences.
Prompt: After reviewing the Reading & Study materials for the week, identify the ethical implications of classifying costs correctly and following the appropriate rules of the accrual process. The paper must also include a discussion on how your personal faith should guide your ethical behavior in your career.
Provide a professionally structured, written, and presented document The Client: The client has funds to invest in one league only, and will only invest if 20 clubs are in place by 2030, and all states and territories in Australia are represented • Clearly state your understanding of the Client’s needs – ( the first file attached is the interview summary with me and the client’s answer) • Clearly define the project details and scope In my case, I’m responsible for Industry Analyzes of NRL Think about your competitors, and use this section to highlight what you have done some research on the industry. The lecture wants the sector to be male and women competitors. Focus on one club there is already a facility included. The client will ensure that: ? The operational costs for the 20 clubs to participate in the league will be funded for five seasons (2030-2034). ? The clubs will each have men’s and women’s teams. ? Payment for athletes at the 20 clubs will come from existing broadcasting deals. ? Paying staffing at the 20 clubs will come from membership and sponsorship revenue created by those clubs. ? Funding for stadiums/facilities will come from the government hosting the new clubs NRL – currently 17 clubs, 10 in NSW, one in NZ, none in NT, SA, WA, Tasmania What does the future of your chosen league look like? The final 10% is for your report presentation so in addition to the words, you have tables and diagrams. The attached second file is module 2. Here is the link the Lecture provided to help in the research NRL Strategic Plan 2018-22 | Operations Strategic Plan 2018-22 The NRL Strategic Plan for 2018-22 provides a blueprint to establish the game’s long-term future. Sport 2030 (sportaus.gov.au)
On successful completion of this assessment, students should be able to:
develop a budget for a business idea presented in unit 4, projecting costs associated with the venture,
analyze the funding need and provide breakdown of appropriate cost centers, and
identify the profit or loss for the venture in year one and show when the business will be profitable.
Brief Description
The assignment requires the completion of a budget to project costs associated with the new venture and will be used as a guide in terms of how much funding is needed to launch the business. The budget statement should reference the business opportunity submitted in unit 4. The budget statement will be augmented with notes to explain the choices and projections.
Submission Instructions
Write a paper including the budget for your idea from unit 4. Each paper should include an introduction and conclusion, should be 4-6 pages (double spaced), 2.54 cm margins (the default on MS Word), and 12 pts size . The paper should include notes to accompany and explain the budget decisions and budget lines. The paper should follow the APA guidelines for format and citation. In your assignment you should:
Identify the problem the venture will address and its scope.
Support claims about the problem with appropriate sources, including at least three academic sources such as books, juried articles found in the YU library.
Demonstrate the validity of the idea and identify what makes this a true opportunity.
Unit 4 means the file which is attached to this question. Please must review it
Review Case 8.32 in your textbook. Using the questions provided as a guide, discuss your recommendation(s) regarding what the company should do about the conference. Support your recommendation(s) with calculations based on the data provided.
To participate in follow-up discussion, ask questions and post comments regarding classmates’ posts, or respond to follow-up questions posted by the instructor.
Please include proper citations in your discussion post. Points will be deducted if proper citations are not used.
8.32 (LO 1) Identifying relevant costs and decision making It had been a quiet Monday morning for Anna Hogue, senior project manager at Flagstone Consulting. Everything seemed to be falling into place for the company’s first conference, “Healthcare Management in the New Millenium,” scheduled for October 11 and 12 in Boston. Then Ethan Tang, the staff consultant in charge of registration, stuck his head in the door.“Anna,” said Ethan, “I think we may have a problem with the conference. Only 10 people have registered. Our marketing consultants told us to expect at least a 3% registration rate from our direct mail campaign. Based on the 5,000 conference fliers we mailed, do you think another 140 people will register in the next three weeks?” Anna and Ethan had worked together to develop a budget for the conference, as follows. They had budgeted for registration response rates of 2%, 3%, and 4%, but a response rate of 0.3% was far outside their expectations. 8-46 CHAPTER 8 Using Accounting Information to Make Managerial Decisions2% Response Rate 3% Response Rate 4% Response RateTotalPer Attendee TotalPer Attendee TotalPer Attendee Registration fee income$69,500 $695 $104,250 $695 $139,000 $695ExpensesMeals 15,000 $150 22,500 $150 30,000 $150Conference materials 7,500 75 11,250 75 15,000 75Direct mail advertising 6,000 6,000 6,000Meeting room rental 4,500 4,500 4,500Equipment rental 500500 500Speaker fees: Newton 600600 600 Smith 2,000 2,000 2,000 Townsleya4,000 4,000 4,000Speaker travel: Newton 200200 200 Smith 1,200 1,200 1,200 Townsley 1,000 1,000 1,000 Comptonb 200 200 200Total expenses 42,700 53,950 65,200Net income$26,800$ 50,300$ 73,800aTownsley required a $1,000 deposit upon confirmation of the original conference date. The remaining $3,000 was due upon her arrival at the conference. In the event of cancellation, the $1,000 deposit was non-refundable.bCompton has agreed to speak for free.Anna thought for a second, and then replied, “Ethan, based on what the marketing firm told us, at least 75% of all registrations are received a month before the conference. This response has me a bit worried. If we need to cancel the conference, we must do it before Thursday. Otherwise, it will be too late.” Anna and Ethan called a couple of contacts at other organizations, who related similar experiences with low preconference registration. They indicated that medical professionals often wait until the last minute to register and that in some instances, conferences had been rescheduled and re-advertised to increase registration.Anna and Ethan decided they needed more information before they could make a final decision on the fate of the conference. Rescheduling it would require them to confirm the new dates with the speak-ers. Conference facilities would also need to be secured for the new dates. Fortunately, the conference materials had not been sent to the printer yet, so the printed materials would not become obsolete. Anna and Ethan decided that if the conference were rescheduled, Flagstone would offer a reduced registration fee of $595 to companies that sent more than one person.Anna called some of the Boston-area professionals who had expressed interest in the conference but had not registered yet. Some of them indicated that they had never received the registration mailing. After contacting the marketing firm about the matter, Anna learned that there had indeed been problems with the mailing. The marketing firm had subcontracted the mailing to a second firm, which could not verify that all the materials had been mailed. Anna wondered how many other prospects had not received the mailing.Next, Anna arranged a conference call with all the speakers, to explain what was going on. They agreed that the mailing problem could have contributed to the low registration. All the speakers were available on December 8 and 9, and were willing to change their schedules to accommodate Flagstone if the firm chose to reschedule the conference. Steve Smith indicated that he had already purchased a non-refundable airline ticket for $800. If the conference were rescheduled, he would incur an additional $100 charge to change the flight. William Townsley indicated that he was already scheduled to be in Boston on December 7, so Flagstone would not have to cover his travel expenses if the conference were rescheduled.Ethan called the University Parks Inn to discuss the facilities contract. Although Flagstone had made no payments to the hotel yet, the special events coordinator reminded Ethan of two points in the contract: 1. A cancellation fee of $10,000 would need to be paid if the conference were canceled at this late date. However, the inn would agree to waive the cancellation fee if the conference were rescheduled within four months of the original date. 2. Flagstone had guaranteed a minimum of 60 guest rooms. If conference attendees booked fewer rooms, Flagstone Ethan also contacted the marketing firm about doing additional mailings. In light of the problems with the earlier mailing, the marketing firm offered to do two additional mailings for a total of $1,500. They also agreed to expand the mailing list to include several other professional organizations, as well as stu-dents at medical and nursing schools in the area. The firm estimated the new mailings would reach 8,000 people and should result in a 2% registration rate. Of that 2%, 10% were expected to qualify for the reduced registration fee.Required a. What alternatives are available to Anna and Ethan with regard to holding the conference? b. Prepare pro-forma income statements for each of the alternatives you identified in question (a). c. Adjust the statements in part (b) by eliminating the unavoidable costs from the calculation to show only the relevant income/loss from each option. d. What are the pros and cons of holding the conference as scheduled? e. What are the pros and cons of canceling the conference? f. What are the pros and cons of rescheduling the conference? g. How should Flagstone view this conference—in the short term or in the long term?
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Enjoy Please Note-You have come to the most reliable academic writing site that will sort all assignments that that you could be having. We write essays, research papers, term papers, research proposals. Identifying relevant costs and decision making It had been a quiet Monday morning for Anna Hogue
Assume a firm faces these costs: total cost of capital = $4,000; price paid for labor = $20 per labor unit; and price paid for raw materials = $8 per raw-material unit. Originally the firm produced 2,000 units of output by combining its fixed capital with 200 units of labor and 500 units of raw materials. Now the firm improves its production process so that it can produce 3,000 units of output by combining its fixed capital with 100 units of labor and 500 units of raw materials. What happened to total cost?
The table shows the marginal utility schedules for old product X and new product Y for a hypothetical consumer. The price of X is $2, and the price of good Y is $1. The budget of the consumer is $10. If the consumer can only buy old product X, how much will the consumer buy and what will be the total utility from spending the given budget?
Multiple Choice
Which of the following is a true statement?
Multiple Choice
Innovation normally follows invention and precedes diffusion.
Invention normally follows diffusion and precedes innovation.
Diffusion normally follows invention and precedes innovation.
Innovation normally follows diffusion and precedes invention.
Technological advance is a three-step process involving
Multiple Choice
invention, duplication, and diffusion.
duplication, innovation, and diversity.
invention, innovation, and diffusion.
necessity, invention, and solution.
Consumers will make a decision to purchase a new product only if it
Multiple Choice
has a lower marginal utility per dollar spent than another product.
is recommended as a valuable product by other consumers.
increases the total utility they obtain from their limited income.
can be sold at a lower price than that for a competing product.
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In order to control the rising health care costs, what is the most effective strategy employers can use? Why should that strategy work? I will give one example of my collegue just have a look in hurry its easy around 200 words with 1 reference its enough
Increasing healthcare cost is a significant problem that facing employers and they are trying to find solutions for that. Some of the causes that lead to increases costs are using new technologies, increasing chronic diseases, and aging. Here I will mention some of the strategies that will help in controlling healthcare costs.
In order to control the rising health care costs, what is the most effective strategy employers can use?
· Use hybrid plans that is based on the previous plan usage of the employee and offer the most services that are used by the employee.
· Consumer driven health plans by supporting the medical care required by the employee.
· Provide high performing narrower networks by using different cost sharing levels that offer right care at the right place at the right cost and ensure better quality.
· Apply pharmacy solutions by encouraging using generic names instead than the brand name.
· Use alternative funding such as wellness programs and cost saving rewards.
· Use right level of care by encouraging right behavior in achieving care and offering plans based on medical information as the basis for plans with built-in incentives to guide members toward following medically proven practices.
· Employee cost sharing by building additional cost-sharing structures into their health plans, by adding more of the costs in addition to the covered employees.
Why should that strategy work?
In my opinion the most effective strategy is the strategies that provide healthcare costs based on the employee previous health plans and medical needs (consumer driven health plans). This will be more cost-effective as it will provide the needed cost only and ensuring providing the appropriate care to the patient.
The delivery and consumption of healthcare involves an interesting spectrum of multifaceted processes. Healthcare provision encapsulates diagnosis, prevention, treatment, rehabilitation, as well as palliative care. The health care provision occurs within the confines of organizations that range from general practitioner to hospital trust, commercial enterprises such as pharmaceutical companies and government agencies. While the demand for resources instrumental in healthcare provision keep rising subject to competing and new treatments as well as an aging population, the time and financial resources remain to be in short supply.
Controlling rising costs in healthcare ought to deal with the utilization of scarce resources such as monetary and human to suit all interventions and treatments that are crucial in improving the health of a community. While more nurses and personnel could be hired, the demand for healthcare will invariably surpass the supply for the resources. Subsequently, this leads to a process of selection in which some interventions and groups of patients are accorded resources while others are not, a process called rationing of healthcare resource utilization. Cost-effectiveness analysis aids in making rationing decisions principally according to the efficiency criteria (Andargie, 2008).
Demand in healthcare is discrete from the demand of other commodities since the incidences of illness, which forms the foundation of healthcare provision, is typically uneven and unpredictable. Authoritative to note, that consumption of healthcare, more especially preventive care, is invariably attributed to positive externalities. Dissimilar to other commodities, therefore, healthcare can only be well evaluated following consumption (Hauck et al., 2004). The general assumption of economic assessment is that the paid cost mirrors the fair reflection of opportunity cost with the primary classes of cost being; direct costs, indirect costs, and intangible costs (Andargie, 2008)…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………. Control the rising health care costs …………………..
Elasticity This unit examined the role of costs and prices in decision-making. For this assignment, you will answer a series of questions in the form of an essay. Support your answers with research from peer-reviewed journal articles (2015-2020 references/sources if possible). Research elasticity information for two particular goods: one with elastic demand and one with inelastic demand. Using elasticity information you gather, predict changes in demand. The United States Department of Agriculture website has a good resource to help with this. Describe how marginal analysis, by avoiding sunk costs, leads to better pricing decisions. Explain the importance of opportunity costs to decision-making and how opportunity costs lead to a trade. Evaluate how better business decisions can benefit not just the producer but the consumer and society as a whole. In your evaluation, contrast the deontology and consequentialism approaches to ethics. Your essay must be at least three pages in length (not counting the title and references pages) and include at least four peer-reviewed resources. Adhere to APA Style when writing your essay, including citations and references for sources used. Be sure to include an introduction. Please note that no abstract is needed. Use costs and prices in decision-making
The issue of consumer demand is measured as an elasticity that is also a relative measure through the provision of useful means of comparison across different aspects of quantities. Price elasticity of demand will also look at the measure of the responsiveness of demand that looks at the change in prices. For example, the ‘own-price elasticity of demand’ calls for a measure regarding the responsiveness of demand for a product when it comes to changes in the price of the related product(Sabatelli, 2016). Also, the percentage change concerning the quantity of a product leads from a 1 percent change regarding its price. For example, when looking at the own-price elasticity of – 0.58 will mean that a 1 percent increase based on the price of apples will decrease the demand for apples by 0.58 percent. A food item is also said to be price inelastic when it is not responsive to price or when its price is higher than -1.0. Also, the food will be said to be price elastic whenthe item is responsive to price, or when its price elasticity will be less than -1.0(Sabatelli, 2016). Also ‘cross-price elasticity of demand’ looks at the measure of the responsiveness of demand when looking at on product concerning a change in the price of a different or competing product. This means that the percent change concerning the quantity of product as a result of a 1 percent change in the price ofanother product is based on the sign of cross-price elasticity which is also an indication of the product, complements, or substitutes (Andreyeva et al., 2010).
Beef and Pork Elasticity in the United States In the United States, as the prices of beef and pork approached a record high level back in 2014, most analysts were surprised by consumer response. Due to the recent occurrence of the price swings, it calls for the traditional approach regarding the analysis of demand which is based on the historical series of data that could be less useful than is the case typically(Mintert et al., 2001). Based on non-linear demands for meat products, the demand is being more inelastic at higher prices. The ground beef, steak, and pork chop demands are going to be more sensitive regarding changes in the chicken breast prices and not the opposite. Also, the cross-price elasticity between the disaggregate meat based products will go low as the prices continue to rise (Fibich, 2005). The other aspect to look at is the income of consumers which will significantly affect the interrelationships of demand. Consumers with higher income are likely to choose steak and chicken breast but will be less likely to choose beef or deli ham than a lower-income customer…………………………………………………………………………………………………
Imagine that you have completed the same project discussed in your Project Performance assignment. You exceeded the project budget, but you were able to complete the project. However, you were over budget by 20% in terms of costs and completion date. Now, management has requested a review of your project.
Instructions
Write an 8–10 page paper in which you:
Provide a brief summary of your chosen project.
Identify and analyze the process you would use to close out your project.
Determine the main challenges that would occur during the project closeout process, and provide a strategy to address the challenges in question.
Select and analyze another computer-based tool, other than MS Project and MS Office (e.g., Word, Excel), that you could use in order to manage project costs and scheduling.
Speculate on the overall different project management strategies that you would apply, based on the tool that you have selected.
Analyze whether continuous process improvements would have helped the delivery of your project. Provide a rationale to support your response.
Speculate on whether using risk management techniques would have affected the delivery of your project.
Support your response with at least two examples of using risk management techniques that would have helped you deliver your project on or under budget.
Use at least three quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, your name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcome associated with this assignment is:
Propose processes, techniques, and tools that can improve the delivery of a project
1.What costs are relevant to each of the three alternatives: offshoring, relocating functions, and automating functions?
2. Based on George’s assumptions that all of the remaining supervisor’s costs are split 65% to accounts payable and 35% to bank reconciliation, and all incremental ongoing technology costs and postage costs are charged to accounts payable, calculate the annual savings per function through offshoring.
3. Using the information that Charleston gathered on electronic payment processing, determine the potential staff reduction and calculate the potential annual cost savings from electronic processing of 50% of the accounts payable checks.
