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Ownership Structure, Managerial Behavior and Corporate Value
Journal of Corporate Finance 11 (2005) 645 – 660 www.elsevier.com/locate/econbase
Ownership structure, managerial behavior and corporate value
J.R. Daviesa, David Hillierb,T, Patrick McColganc a University of Strathclyde, UK b University of Leeds, UK c University of Aberdeen, UK
Received 21 November 2002; accepted 6 July 2004 Available online 20 April 2005
Abstract The nonlinear relationship between corporate value and managerial ownership is well documented. This has been attributed to the onset of
managerial entrenchment, which results in a decrease of corporate value for increasing levels of managerial holdings. We propose a new structure for
this relationship that accounts for the effect of conflicting managerial ... Show more content on Helpwriting.net ...
With equity holdings around 50%, managers will have implicit control of their company, but still do not have objectives completely aligned to
external shareholders. Only at very high levels of managerial holdings are incentives akin to other shareholders. When this model is applied to a large
sample of firms incorporated in the UK, managerial ownership is seen to have a significant impact on corporate value. This relationship is
endogenous, and consistent with Cho (1998) and Himmelberg et al. (1999), corporate value has a corresponding effect on managerial holdings. We
also find that although ownership levels are affected by firm level investment, there is no evidence of the reverse occurring. In the next section we
outline our model of the managerial ownership–corporate value relationship. We present empirical results in Section 3 and conclude in Section 4.
2. The model In this section, we propose an alternative structure to the managerial holdings–corporate value relationship and argue that the cubic, or
simpler representations, used in earlier
J.R. Davies et al. / Journal of Corporate Finance 11 (2005) 645–660
647
studies1 are unnecessarily restrictive and misspecified. The model that is presented here captures further nonlinearities in this relationship at high
levels of managerial holdings and has a quintic specification.
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Evaluation Of A Training Program
Introduction
What is a training program? A training program are programs created for teaching employees in particular skills. Employee training is an essential in
maintaining a great staff and keeping everyone communicating. Having a training program that is well created to establish and achieve maximum
results. The requirements of the training program are recognized during a training needs analysis (TNA). When a training program is executed
properly, it would increase total production and provide the understanding, skills and approaches the employee would need to have a successful
performance. The paper would reflect the creation of a two–part training program for twenty employees which would cover the training necessity to
push the ... Show more content on Helpwriting.net ...
An analysis that incorporates the potential employees and the trainers involved with the process. The person analysis assists in recognizing employees
who need training whether to enhance or increase better performance. The questions asked and answered within the training would cover policies
/procedures, software, or equipment that would entail training.
Performance Analysis – Is there a performance gap? This analysis assists in showing whether the employees are performing at the company's standard
and through training are the employees able to improve their performance. When utilizing a performance analysis, you have the ability to identify who
needs training where.
Develop the training objective for this program based on an analysis of the business.
To focus on exceptional customer service
Benefits of excellent customer service
Consider obstacles to the conveyance of outstanding customer service
Establishing ethical standards and norms behavior
Creating an action plan to increase customers service skills
Utilizing methods for dealing with irate customers.
Determine the training cost for the training program you are proposing. Include a detailed breakdown of time allotted for each piece, the subsequent
cost analysis, and the total cost for the project as a whole.
The cost connected with the training program extends to the performance gap, and the impact on business.
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Case Study : Troon Golf And Private Club Management
Title of Case: Troon Golf
Date: October 13th, 2014
Name: Krishna Chaitanya Bezwada
Critical Facts:
Headquartered in Scottsdale, Arizona, Troon Golf is one of the world's leading pioneer in upscale golf courses and private club management. Spread
across 32 states and 32 countries and housing 190 golf courses, it is coveted as the largest golf management company in the world. (Fortinet – Troon
Golf, 2010)
Troon aims to provide outstanding guest and member experiences through personalized service, consistency and by not compromising attention to
detail. They also offer a very sophisticated, systematic and professional approach to private, daily–fee and resort golf facility management. (Troon Golf,
2014)
Troon believes that a quality golf experience is not just defined by the golf courses playing surfaces. They view that guest service and satisfaction,
with an excellent food and beverage experience play a critical role in the success of a golf club, and thus strive towards providing these to its
customers. To complement this belief, Troon recruits associates who are knowledgeable in both golf industry as well as the hospitality industry. (Troon
Golf, 2014)
Troon Golf has received several accolades from leading golf industry publications, viz. Golf Digest, Golf Magazine and Golf Week Magazine wherein
36 of its golf–courses received 'Top 100' rankings. (Fortinet – Troon Golf, 2010)
Being spread over in so many countries, Troon had a very strong IT infrastructure to
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Financial Plan Write-Up
Financial Plan
The following sections will outline our financial plan for growth and continued sales. Important assumptions are laid out in each section to better clarify
what we are projecting.
Important Assumptions
The current economic climate in the U.S. appears to be on the brink of recession. We do believe that this could have a mild impact on our company's
profitability because many families will start to allocate their expendable income towards more of the basic needs of the family. Spending money to go
out to eat will be minimized. H.O.M.E. believes, however, that because our products are contributors to continued good health that people will continue
to purchase our products to keep up with a healthy lifestyle.
We ... Show more content on Helpwriting.net ...
expenses paid$5,000.00$2,000.00$2,000.00
Net cash provided by operating activities–$55,943.57$10,296.85$78,126.97
Cash Flows from Investing activitiesPayment to purchase equipment–$22,487.10$0.00$0.00
Net cash provided by Investing activities–$22,487.10$0.00$0.00
Cash Flows from financing activities:Payments of principal on amounts borrowed$6,000.00$6,000.00$6,000.00 Net borrowings under line–of–credit
agreement$30,000.00$0.00$0.00 Proceeds from ownership savings$90,000.00$0.00$0.00
Net cash provided by financing activities$114,000.00–$6,000.00–$6,000.00 Net Cash Flow$35,569.33$4,296.85$72,126.97
Cash Balance$35,569.33$39,866.18$111,993.15
Projected Balance Sheet
Our 2009 total assets we will have total of $57,459.99 and our total liabilities will equal $24,000, and this will result in a net worth of $33,459.99. Our
owner's equity section of our balance sheet consists of the large
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Compare And Contrast The Classical Production Approach
Schoors et al. (2010) state that according to the classical production approach total deposits and total loans are treated as output, and labour and
physical capital are used as inputs. As we cite Ferrier and Lovell (1990) emph {"The production approach views banks as 'producing' demand deposits,
time and savings deposits, commercial loans, real estate loans, and instalment loans, using capital, labor, and materials to do so."} Next to this classical
production approach, Schoor et al. (2010) mention the intermediation approach introduced by Sealey and Lindley (1977) in their paper: emph{"Inputs,
outputs, and a theory of production and cost at depository financial institutions."} In this paper they introduce earning assets as outputs and deposits as
inputs.... Show more content on Helpwriting.net ...
In the research paper of Schoors et al. (2010), they prefer the classic production approach because in the intermediation approach, the deposits are
neglected as an import output. In order to follow our own rationale, we prefer to apply the classic production approach since deposits are neglected in
the intermediation approach and our dataset consists only out of deposit banks. Also Ferrier and Lovell (1990) argue using the production approach if
you are measuring the cost efficiency of banks because it takes only the operating costs of banking into account. On the other hand, the intermediation
approach is preferable if you want to investigate the viability of banks since it is concerned with the overall costs of banking. But since we want to
conduct a comprehensive and thorough research on this subject, we will also include a stochastic frontier model based on the intermediation approach
inputs and outputs in our robustness checks
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Microsoft 's Strategic Commitment For The Cloud With...
Analysis
Since its inception, SharePoint has become a Swiss Army knife that covers a wide range of information needs and has been deployed for many different
functional requirements. Many companies have customized it, whether in its look and feel, building custom integration with external systems or
developing new applications. Furthermore, companies have grown to depend on third–party independent software vendors (ISVs) to fill SharePoint 's
gaps or build vertical applications onto SharePoint server. While such moves have typically delivered good business benefits, they have made
migrating from one generation to the next costly and complex. Industry leaders estimate that close to 90% of SharePoint deployments are still deployed
in the ... Show more content on Helpwriting.net ...
Microsoft has the potential to innovate in this cloud environment because it can use analytics to quickly understand business usage trends across
thousands of organizations – a level of visibility it did not have in the traditional approach. It can then rapidly develop applications and approaches as
well as test and deploy new interfaces. Users will realize the benefits of this rapid innovation as their work environments become more nimble, leading
to stronger engagement; IT departments will realize the benefits of having Microsoft manage this aspect of their technology portfolio, allowing them to
concentrate on other projects.
Business drivers and cost management: SharePoint Online doesn 't take long to set up and users can perform basic tasks quickly. Microsoft trickles
improvements through every three months. For SharePoint Server (on–premise), Microsoft has traditionally aggregated changes to deliver them in
service packs and new versions far less frequently. Consequently, IT departments using SharePoint Online will be relieved of possible downtime
concerns related to service
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Blaine Kitchenware
BLAINE KITCHENWARE INC.
Blaine Kitchenware was a mid–sized producer of small appliances primarily used in residential kitchens. By 2006, the company's products consisted
of a wide range of small kitchen appliances including deep fryers, griddles, toasters, ovens etc. Blaine had just under 10% of the $2.3 billion U.S.
market for small kitchen appliances. For the period 2003 to 2006, the industry posted modest annual unit sales growth of 2%. In 2006, 65% of its
revenue was generated from shipments to U.S. wholesalers and retailers. The company shipped approximately 14 million units a year. There were three
major segments in the small kitchen appliance industry: food preparation appliances, cooking and beverage making appliances but ... Show more
content on Helpwriting.net ...
Thus, the returns to shareholders are lower from the industry average. Blaine is an over–liquid and under–levered company and its shareholders are
paying a price for it. It would not be rational for a public company to be funded only by equity. It 's too inefficient. In 2006, the company Return on
Equity (ROE) was 11%, which is below the industry average of 19.5%. Also the increasing trend in
BKI's payout ratio was unsustainable
Debt is a lower cost source of funds and allows a higher return to the equity investors by leveraging their money. In addition, the company can deduct
the interest paid on the debt from their income and thus reduce the tax burden. With an increase of future corporate tax from 30.8% to 40%, it would
be beneficial for the firm to deduct interest payments to pay fewer taxes. Debt greatly reduces the role of integrated enterprise cost of capital.
Therefore, it can increase earnings per share and its stock value by improving the proportion of corporate debt appropriately, which assumes a crucial
role of financial leverage. Enterprises financial leverage of funds has a magnifying affect, when the business uses the liabilities, the effects of
financial leverage will show. However, debt is not always excellent, and we should firstly analyze whether the profitability of raising the funds for
capital is greater than the interest rate. If it is so the use of debt will substantially increase their
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Improved Rewards
Assignment 5 – New and Improved Rewards at Work
Casandra Reynolds
HRM 533 Total Rewards
December 15, 2013
Dr. Lila Jordan
Determine how innovations in employee benefits can improve the overall competitive compensation strategy of the organization. A competitive
organization understands the need for a skilled and loyal workforce. In order to attract and retain top talent, many organizations offer innovative and
creative employee benefit packages. It enhances an attractive salary and creates a niche for the employer. An organization that is aware of the
dynamics of its workforce will be in step with the innovations in employee benefits. Technology, global workforces and diversity have made it
necessary for companies to review ... Show more content on Helpwriting.net ...
Chosen and implemented effectively, however, creative benefits can demonstrate leadership 's concern for the well–being of employees, reinforce
cultural values, and foster deeper employee engagement (Lagunas, 2012). Prospective employees expect run of the mill standard benefit packages
such as healthcare, vision, dental and retirement plan benefits. Stock options, stock ownership and other equity based rewards viewed with a dubious
eye as people still remember Enron. Yes, you will do well if the company is doing well but what if your company is operating unethically, where does
that leave the employee? Worthless stock and a jaundiced eye toward organizations are what are left. On the other hand, an organization that touts
benefits such as on–site dry cleaning, subsidized childcare, or commuter passes taps into what employees really need and want. Occasionally, time is a
valuable benefit for employees, time to do the things they cannot accomplish due to work schedules and competing priorities.
Discuss the key elements of integrating innovation into a traditional total rewards program. Integrating innovation into a traditional rewards program is
not overly cumbersome but it must be done with the full support of leadership and with the support of employees. Leadership must embrace a new
outlook on benefits and employees. The proper research and fact finding must be accomplished to ensure benefit innovation will mesh with the
company culture and the needs of its
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Total Cost of Ownership and IT Recruitment in Healthcare
Part 1: TCO Elements – Review the administrative and clinical Total Cost of Ownership (TCO) elements that are measured for your organization.
Identify two to three administrative and two to three clinical elements that are particular to your organization. Provide a brief description of why these
elements have been identified as critical to TCO. Total Cost of Ownership (TCO) is framework for understand the hidden costs and benefits of
technology that may not necessary be apparent in the initial expense procuring certain technical solutions (Hockel & Hamilton, 2011). An example
may be upgrade costs associated with acquiring a new computer. The initial pricing for the computer may be apparent, but the future costs that will be
incurred to improve the unit or make more robust and proficient must also be considered. Administrative elements within our organization include
training, support and maintenance. Training is critical in consideration of TCO because if not accounted for correctly and provided, end users are
more likely to resist changes to new systems, platforms and, slowing adoption of a new solution and adversely impacting productivity (Hockel &
Hamilton, 2011). General support is a critical part of TCO because unexpected needs may arise that can jeopardize performance of solutions. For
instance, system downtime can negatively impact the bottom line of the business. Support in the form of dedicated helpdesk services (if not
automatically provided under contract),
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Troon Golf
Introduction
Troon Golfis the leading premier luxury golf management, development and marketing company in the world.
Manages world–class golf courses, golf clubs, and resorts around the world.
Provides comprehensive solutions to almost all golf facility operations and developments.
History, Development & Growth
Founded in 1990 by Dana Garmany.
Headquartered in Scottsdale, Arizona.
Largest third party manager of golf and club operations.
197 golf courses worldwide.
Provide extraordinary guest and member experiences in 29 countries and 34 American states.
History, Development & Growth (Cont....)
Operate in two divisions:
Troon Golf: Manages operations of daily fee and resort facilities.
Troon PrivГ©: Manages operations of private clubs. ... Show more content on Helpwriting.net ...
Corporate–level Strategy (cont..)
EZLINKS allows management companies to operate multiple golf courses from a single, highly integrated platform.
Integrating real time performance data, multiple customer databases and multi–course marketing program into stream line reporting and decision
making to enhance customer service and increase revenue growth.
Business–level Strategy
Strategic Replacement Program
Total Cost of Ownership(TCO)
A technique used to calculate a more accurate cost that includes all associated costs.
Gartner Group introduced TCO in the late 1980s when PC–based IT infrastructures began gaining popularity.
Helps the company determine if the cost to maintain old technology is less than replacing the hardware.
Lifecycle Management Plan
Business–level Strategy(Cont...)
Leasing Over Purchasing
Set up a Leasing Option with DELL Financial Services
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Equity Ownership Of A Company
In order to finance ongoing expenses and activities, a company can approach a bank and take a loan to pay for these things. Instead of going to a
bank, a company often offers investors either debt or equity in their company. After exploring debt ownership last week, this week we are going to
explore equity ownership. One of the major concerns of owning equity in a company is the ability of that company to perform, which is the only one
of the only ways an investor can receive a return on an equity instrument.
The most common form of equity ownership in a company is common stock and by owning shares, you are a part–owner of the company. Along with
ownership comes the right to vote on certain company issues such as voting for the board of directors, stock splits, and other company objectives
(Harrison, Horngren, & Thomas, 2015). Common stockholders often have preemptive rights that allow shareholders to maintain their portion of
ownership in a company should the company choose to sell additional shares. Along with the benefits there is a drawback, in the event a company
declares bankruptcy, common stock shareholders are the last individuals to receive company assets behind creditors, bondholders, and preferred stock
shareholders.
There are two classes of common stock shares Class A and Class B. The biggest different between the two are the number of votes attached to the class
or whether one class even has any voting rights. A company may want the equity injection
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Global Equity Research Telecommunications Equipment
12 April 2012 Global Equity Research Telecommunications Equipment
Smartphones 2012
Research Analysts Kulbinder Garcha 212 325 4795 kulbinder.garcha@credit–suisse.com Deepak Sitaraman, CFA 212 325 5808
deepak.sitaraman@credit–suisse.com Achal Sultania 44 20 7883 6884 achal.sultania@credit–suisse.com Alban Gashi 212 538 3033
alban.gashi@credit–suisse.com Talal Khan 212 325 8603 talal.khan@credit–suisse.com Matthew Cabral 212 538 6260
matthew.cabral@credit–suisse.com Vlad Rom 212 325 5442 vlad.rom@credit–suisse.com
INDUSTRY PRIMER
Growth robust...time to think compute
Raising smartphone estimates. We raise our global smartphone market forecast by 9%/15% to 688mn/885mn units (46%/29% growth) in 2012/2013,
driven strength in both ... Show more content on Helpwriting.net ...
U.S. Disclosure: Credit Suisse does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that
the Firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in
making their investment decision.
в– в– в– в– в– в–
12 April 2012
Table of contents
Executive summary Raising smartphone estimates Forecasting smartphones based on TCO Linking our TCO analysis to the addressable market
Smartphone volumes to grow at CAGR of 26% Price point work also shows 1.1bn units long term Significant growth being seen in the low end A
specific growth opportunity within China LTE could be a game changer Improving device availability LTE speeds could drive new services
Coverage expansion of LTE networks Aggressive rollout plans in US and China An upgrade cycle like none before A war of ecosystems..... Apple–
the iOS and Mac ecosystem Google/Android – a one trick pony? Windows 8 – what about the upgrade cycle? Developer dynamics are critical
Smartphone economics Carriers have seen margin pressure Smartphone economics What can carriers do? Smartphones – winners and losers Apple
scope for share gains exist on multiple fronts Samsung – a strong second Nokia – heading for third position in smartphones Multiple Android vendors
may struggle HTC – still bleeding share Motorola Mobility/Google – losing steam in the US Sony – change of
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Essay on HRM 587 Final Exam
DOWNLOAD HERE
HRM 587 Final Exam
1. (TCO All) For the next set of questions, you will first select ONE of the TCOs of the course. Then, you will be asked to write an essay about the
project you worked on this term over your two companies' change program based on the TCO you selected above. Select the TCO your essay question
will cover:
TCO A– Given that progressive and successful companies require their employees to embrace change, examine how changing work conditions impact
the employees.
TCO B – Given the inherent reality that all organizations must experience change in order to improve, demonstrate how "models" are used in Change
Management, for diagnosing an organization's need for change.
TCO C – Given external, ... Show more content on Helpwriting.net ...
For your answer, be sure to reference the names of the companies you studied in your project this term to help your instructor determine the score of
your response. You will assess the "sustainability" of the changes which occurred in the companies you studied. Select ONE of thecompany change
programs for your answer to this question and state it here. Assess the change project. Was it successful or unsuccessful in your opinion? What will it
take (what are some steps the company can, should, or DID take) to make it SUSTAINABLE? What theories did you consider in coming to this
conclusion? Do you think this change will still be in place in one, five, or ten years? Why or why not?(Points : 35)
As for the People, it should be determined whether the organization has the right skills and talents for the change to be supported and for the
organization to achieve its strategic goal. For example, if the strategic goal is to increase revenue through increased sales then the company sales
people should be given sufficient training about the company's own and acquired products as this will enable the sales staff to more easily sell the
company's products.
I feel that the changes made in SAP will stay in place for years to come. Now that steps have been gathered to analyze large amounts of employees,
customers, and sales data being generated by companies it will enable SAP to create new processes and applications that will strength
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Building Standards, Procedures And Restrictions For The...
I.Policy
The purpose of this policy is to define and establish standards, procedures and restrictions for the disposal of all non–leased Information Technology
(IT) equipment in a legal and cost–effective manner.
II.Scope and Limitation
This Policy applies to all Topaz workforce members.
III.Definitions
A.Non–leased refers to any and all IT assets that are the sole property of Topaz; that is, equipment that is not rented, leased or borrowed from a
third–party supplier or partner company.
B.Disposal refers to the reselling, reassignment, recycling, donating or throwing out of IT equipment through responsible, ethical and environmentally
sound means.
C.Obsolete refers to any and all equipment over 5 years old and /or that which no ... Show more content on Helpwriting.net ...
The IT Department is also responsible for backing up and then wiping clean company data on all IT assets slated for disposal as well as the removal of
company tags and/or identifying labels.
C.The IT Department is in charge of selecting and approving external agents for recycling hardware and/or sanitizing hardware of harmful toxins
before shipment to landfills. The IT Department is also responsible for acquiring credible documentation from third parties that are contracted to
conduct the data wiping, tag or label removal or any other part of the disposal process.
D.Acceptable methods for the disposal of IT assets are as follows:
1.Sold to existing staff
2.Sold as scrap to a licensed dealer
3.Used as a trade–in against cost of replacement item
4.Reassigned to a less critical business operation function
5.Donated to schools, charities, and other non–profit organizations
6.Recycled and/or refurbished to leverage further use (within limits of reasonable repair)
7.Discarded as rubbish in a landfill after sanitized of toxic materials by approved service provider
E.It is the responsibility of the IT Supervisor to ensure that IT assets, equipment, and hardware are disposed of according to one or more of the
methods above. It is imperative that any disposals performed by Topaz are done appropriately, responsibly and ethically, as well as, with company
resource planning in mind. The following rules must be observed to all disposal:
1.
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Oil Prices: Driven by Supply and Demand
1. Oil prices are almost entirely driven by supply and demand. On the supply side, OPEC seeks to control the prices by virtue of controlling the output
of its member countries, which are responsible for around one–third of the world's oil production (OPEC, 2012). That OPEC can do this is facilitated
by the fact that bringing new oil production online takes a long time. Thus, by setting output on a monthly basis, OPEC can control the supply. OPEC's
actions have a strong influence on prices because demand is largely predictable and incremental. The demand this month will be related to the demand
next month, since oil demand tends to be for usage of a recurring nature.
Over the longer–term, some of the major trends that affect the price of oil are consumption for business and personal use. For example, Anderson and
Boul (2005) note that China's economic growth has resulted in that nation having steadily increasing demand for oil. Much of this comes from
growth of the country's consumer class, with automobile sales, and from growth in industrial uses for oil. India, the US, and the world's modern
economies are all big users of oil, so the drivers of demand in these nations can have an impact on world markets for oil.
2. According to Anderson and Boul (2005), the two largest consumers of oil products are the United States and China. China is one of the major
contributors to the growth in oil consumption as well.
3. a. If the price of SUVs falls, this affects the demand
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Granite Apparel Case Study
Presented to: Mr. Kurt Sullivan Subject: Source of funding From: JMSB consultants; Despina Papadopoulos Angela Christopoulos Mathieu Apuzzo
AJ Kenth Date: March 2007 Main Issues * Choosing the appropriate source of financing, between Initial public offering, long term debt or preferred
shares, to raise funds for the expansion of Granite Apparel. Recommendations * Granite Apparel should use an Initial Public Offering as a source for
raising funds. Analysis Quantitative Initial Public Offering The cost of issuing common shares for your company was found by adding the following
expenses (APPENDIX ONE): Bridge Financing Rate (Annual)| 10.25%| Amount of Bridge Financing| 50,000,000| Period| 6... Show more content on
Helpwriting.net ...
Appendix 2 is a loan amortization schedule and indicates the amount of interest and capital is included in each payment. The sum of all interest
payments is equal to 18,312,099. If we take the total interest cost and the upfront fee the total cost of the loan would equal to: 20,112,099.
However it is also important to note that interest is tax deductible. The loan amortization schedule enabled us to find the PV of the tax shield of
79,712.24$. In conclusion, the total cost of the debt option is equal to: 20,032,386.75$ We also wanted to note that paying 10% principal per year
for 10 years on the loan is impossible. According to loan amortization schedule, the 10% yearly principal payment would start from year 6. For the
first 5 years, most of the payment is attributed to interest, which decreases the principal portion of the payment. Performance and Ratios An important
factor in deciding on which way to finance growth is how it affects your financial statements. Since these tools will be the primary source for
investors it is important have them appear strong (APPENDIX FOUR). If the company chooses an IPO, the following ratios would occur in the 2007
financial statements of Granite Apparel. Ratio| Industry| Granite Apparel | Debt/Capital| 15.1%| 31.0%| TIE| 41.2| 57.75| PE| 22| 12| ROE| 18.4%|
14.16%| With an IPO the company's
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Senior Supply Management Specialist Of A Manufacturing...
As the senior supply management specialist of a manufacturing company, I have been charged with coming up with the questions and answers for
position at the company. The position is for a new junior buyer, and the questions and answers are tailored to assess a potential candidate's vocabulary
and knowledge of supply management. I must provide answers to the questions that the candidates of the position should know to be a new junior
buyer. These answers will let the Vice President of Purchasing know if the candidate if fully qualified for the position or not. The first question asks to
give at least three different job titles within supply management and explain how they can contribute to the success of an organization. One job title of
... Show more content on Helpwriting.net ...
Starbuck's strategic partnerships include; Barnes and Noble, Pepsico, United Airlines, Kraft foods, and the NAACP.
According to Rebecca Larson, assistant Professor of Business at Liberty University, Starbucks partnered with Barnes and Nobles bookstores in 1993 to
provide in–house coffee shops, benefiting both retailers (Czaja, 2011). This would not only bring more consumers in Barnes and Noble stores to buy
books, but to also allow them to enjoy their favorite coffee drink while they read their favorite story. This "one–two" punch, allowed both retailers to
gain a significant amount of popularity for years. In 1996, Starbucks also entered a partnership with Pepsico so they would be able to bottle,
distribute and sell their famous coffee drink, Frappacino. (Czaja, 2011). Starbucks aligning themselves with United Airlines, resulted in them being
able to share their coffee on airline flights with the company's famous logo on the cups. Partnering with Kraft foods made their brand sellable in local
grocery stores. To push their goals for social and economic justice, Starbucks also partnered with the NAACP in 2006.
One interview question asks a potential candidate to explain the role that supply management plays in achieving sustainability goals in an organization.
Sustainability is defined as avoidance of the depletion of natural resources to maintain an
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Factors Influencing The Performance Of Bank 's...
Confirmatory factor analysis:
"Confirmatory factor analysis is a type of structural equation modeling that deals specifically with measurement models, that is, the relationship
between observed measures or indicators and latent variables or factors"(Brown, 2015). In this paper, the method of factor analysis is used to calculate
the performance of bank 's comprehensive management. Factor analysis method is used to reduce the dimension of the method, named as a
multivariate statistical analysis method. It is integrated into a small number of factors, in order to reproduce the original variables and the relationship
between the factors, and then each component to a certain weight in order to calculate the comprehensive score.
Choosing ... Show more content on Helpwriting.net ...
Because the four aspects of the nine indicators were reflected in the executive level of financial banks "profitability", "liquidity", "debt paying
ability" and "growth" and on the performance of commercial bank comprehensive, general reflect. Net assets yield (X1) = net income / ( net assets of
the beginning of the year) plus ( net assets at the end of year) /2] Earnings per share (X2) = net profit / circulation number of ordinary shares Liquidity
ratio (X3) = current assets / current liabilities Loan to deposit ratio (x4) = total loans / deposits Loan ratio (x5) = bad loans / total loans Capital
adequacy ratio (x6) = total capital / weighted risk assets Main business income growth rate (X7) = Main revenue growth of this year/ main income
of previous year Net profit growth rate (x8) = net profit growth of this year / last year Total assets growth rate (x9) = total assets growth of the end of
the year / the total assets of the previous year.
Thus, this paper mainly studies the impact of bank ownership structure on business performance, but from the perspective of the actual operation of the
bank, which considering that there is a certain relationship between the bank 's operating performance and the bank 's size and the capital structure, etc.
While doing the regression analysis, the index of the bank firm size as the
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Essay 587 Final
Final Exam Access dates:| 4/20/2013 12:00:00 AM to 4/25/2013 11:59:00 PM| Can be reviewed in Gradebook on:| 5/1/2013 11:59:00 PM| Number
of times this exam can be taken:| 1| Time allowed to complete:| 3h, 30min| | | Here is some information about your Final Exam: * The exam covers the
entire Managing Organization Change book, multiple articles throughout the term which were referenced in all lectures, all lectures, the Cracking the
Code of Change article specifically (Beer and Nohria, Harvard Business Review). Although the exam is comprehensive, the essay questions will lean
heavily over the latter few weeks of class. The multiple–choice questions will be over all TCOs. * All TCOs are covered. * There will... Show more
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TCO G – Given that developing a "vision for change" and communicating that "vision" is a critical part of the change process, analyze the key
elements of the "vision for change" and develop a strategy to communicate the change to the stakeholder.
TCO H – Given the organization's goal of creating and implementing a sustainable change while moving toward becoming a "learning" organization,
develop a plan to implement change in a sustainable manner that can be applied to any change.
Using the TCO you selected from the list above, which you felt was most relevant to your project this term, write an essay answer explaining how the
change management you saw in one of your companies from your project this term followed or failed to follow the theory of success ingrained in the
TCO you have selected.
State the #1 thing you think that company's change agent did which most contributed to the success or failure of the change and why that relates to
the TCO you selected. * Include in the answer the name of the company you are discussing. * Explain/analyze why you think this way. (Points : 35) |
2. (TCOs A, E) Your project this term asked you to compare and contrast two companies' change projects or programs for change. Thisquestion will
review what you learned about the change projects in a continuation of your project. It will ask you to apply course
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The Acceptance Of Software As A Service Essay
The acceptance of Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS) and the increased rate of
implementation by companies across the globe has impacted internal IT / IS personnel in many ways. SaaS, PaaS and IaaS provide a virtualized
infrastructure that handles computing, data storage, desktop support, networking and mobile services to meet the multiple needs of customers around
the world. The other side of the equation belongs to the company looking for cloud services; it is up to their management to determine what extra steps
are needed in order to meet the ever–changing information age with a growing population determined to break into everything to expose flaws, steal
information or humiliate companies. Write a two to three (2–3) page paper in which you: There are many advantages and disadvantages when
considering Software as a Service, Infrastructure as a Service and Platform as a Service such as updates and maintenance, private or public clouds
and the type of service SaaS, PaaS, or IaaS. First, updates and maintenance: it is imperative that the company look at the maintenance services
provided by the cloud host and how often updates and maintenance are accomplished. Second, private or public clouds: management must determine
which is more important a cheaper service or a safer service. On the one hand, a private cloud offers the capability of distributing its allotted resources
amongst its users in a private setting
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Chapter 7 Solution
Chapter 7 – Consolidated Financial Statements – Ownership Patterns And Income Taxes
CHAPTER 7 CONSOLIDATED FINANCIAL STATEMENTS– OWNERSHIP PATTERNS AND INCOME TAXES
Answers to Problems 1. D 2. B 3. D 4. C 5. C 6. C 7. A Damson 's accrual–based income: Operational income ...................................................................
Defer unrealized gain ................................................................ Damson 's accrual–based income ....................................... Crimson 's accrual–based
income: Operational income ................................................................... Investment Income (90% of Damson's realized income) ....... Crimson 's
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13. C Because fair value of the subsidiary 's assets exceeds the tax basis by $100,000 a deferred tax liability of $30,000 (30%) must be recorded.
Goodwill is then computed as follows: Consideration transferred ...................................... Fair value ............................................................... Deferred
tax liability ................................................. Goodwill .................................................................... $420,000 $400,000 (30,000) 370,000 $50,000
14. (35 Minutes) (Series of reporting and consolidation questions pertaining to a father–son–grandson combination. Includes unrealized inventory
gains) a. Consideration transferred (by Tree) ............................. Noncontrolling interest fair value ................................. Limb's business fair value
............................................. Book value ............................................................... Trade name ...................................................................... Life
.................................................................................. Annual amortization ...................................................... 14. (continued) Consideration transferred
for Leaf (by Limb) .............. Noncontrolling interest fair value ................................. Leaf's business fair value ............................................. Book value
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Essay on Group Collaboration Draft
Q1. Using the current exchange rate, what is the initial purchase cost per unit (in US dollars) paid to Dong Hai Supply? (Do not include transportation
costs)
547 Yuan x $0.14646 = $80.11
Q2. What is the average time for an order filling a TEU container to come from Dong Hai Supply in Chengdu, China to IDC's Alliance Fort Worth
Distribution Center? From CousinsAg in Wahoo, Nebraska to IDC's Alliance Fort Worth Distribution Center?
15 + 1 + + 4 + 16 + 3 + 4 = 43 days to receive a TEU from Dong Hai Supply
10 + 5 = 15 days to receive a TEU from CousinsAg
Q3. Using the current exchange rate, what is the cost (in US dollars) to ship a TEU container from Dong Hai Supply in Chengdu, China to IDC's
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Inventory carrying costs are based on the value of the product at the time it is held in inventory. When the product in sitting in the IDC Alliance Fort
Worth Distribution Center, its value is a combination of purchase price plus any transportation costs to get it from the supplier to the DC plus in–transit
carrying costs. What is the total annual inventory carrying cost (in dollars) for the safety stock and cycle stock inventory held at the Alliance Fort
Worth Distribution Center if we purchase everything from Dong Hai Supply? From CousinsAg?
Dong Hai Supply Annual Inventory Carrying Cost = 0.322 * ((24,037*80.11) + (24,037/551)*182) = $622,601.
CousinsAg Annual Inventory Carrying Cost = 0.322* ((22,385*85) + (22,385/406)*105) = $614,542.
Q9. Inventory carrying costs are based on the value of the product at the time it is held in inventory. When the product in sitting in the IDC Alliance
Fort Worth Distribution Center, its value is a combination of purchase price plus any transportation costs to get it from the supplier to the DC plus
in–transit carrying costs. On a per–unit bases (in dollars) what is the total inventory carrying cost for the safety stock and cycle stock inventory held at
the Alliance Fort Worth Distribution Center if we purchase everything from Dong Hai Supply? From CousinsAg?
Per unit carrying cost for Dong Hai Supply = $622,601 / 24,037 = $25.90
Per unit carrying cost
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Delectation Delicatessen Essay
Homework Problem Set #1
Delectation Delicatessen
Problem a)
Answer:
Delectation wants to determine the number of Fish–n–Fowl and Surf–n–Turf sandwiches it should make each day to maximize the deli's revenues in
USD$. The decision variables are how many units of Fish–n–Fowl and Surf–n–Turf sandwiches Delectation should make each day.
F= units of Fish–n–Fowl sandwiches Delectation should make each day. S= units of Surf–n–Turf sandwiches Delectation should make each day.
The objective function: maxmize F x 5.50 + S x 6.95
The Constraints: 0.25 x F + 0.25 x S<=200| Tuna fish salad | Pound| 0.5 x F <=260| Sliced turkey| Pound| 0.40 x S <=60| Sliced roast beef ...
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And Plant A losing production capacity will not change this fact. So only Plant B will increase its production by 100 untis to make up the loss of
capacity in Pant A. 2.The transportation costs for A to region 1 and 2 are $1.50 and $2.10. The difference is $0.70. The transportation costs for Plant B
to region 1 and 2 are $2.35 and $3.55. The difference is $1.20. Since $1.20>$0.70, Plant A will reduce its production and shipment to region 1 by
100 untis and Plan B will produce $100 units more and ship to region 1.
Problem b) 50 cents increase in unit transportation cost between plant A and region 2
Answer:
Production and shipment plan will not be changed because the allowable increase of objective coefficient of "from plant A to region 2" is 60 cents.
The 50 cents change is within the limit so it will not change the production and shipment plan. So it will only increase total cost by $450 as 900x$0.5.
Problem c)
Answer:
The additional revenue will cover the cost. The reasons are: First only Plant B has available capacity to cover the 80 additional units. Second, 80
additional units is within the allowable increase range of plan B so
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Org Behavior
Tallahassee BeanCounters Team Case
Kaylee Cutler
Charles Spiva
Shauna Jones
Background
During a routine audit of Tallahassee BeanCounters, the team's owner Franklin Kennedy asked if we would investigate further into the potential of a
fraud occurring within the company. Mr. Kennedy stated that he received an anonymous tip and believes that based on the tip,fraud within the
organization was occurring. A fraud examination was conducted and the findings from relevant documents and interviews are below.
Executive Summary:
The investigation started when Mr. Kennedy approached our team asking us to review documents to see if a potential fraud within the organization was
occurring. Mr. Kennedy received an anonymous tip that ... Show more content on Helpwriting.net ...
Mr. Kennedy asked that we examine the previous four months of documentation to either substantiate or reject the claim.
Approach
Fraud Examination Team Members
Kaylee Cutler, CPA; Shauna Jones, CPA; Charles Spiva, CPA
Procedures
During our investigation of Tallahassee BeanCounters, the Team took the following actions: * Obtained, reviewed, and analyzed financial documents
of Tallahassee BeanCounters including ledgers, purchase orders, invoices, purchase records, and salary information * Obtained, reviewed, and
analyzed cancelled payroll checks from ADP on behalf of Tallahassee BeanCounters * Obtained, reviewed, and analyzed Jessica Keller's bank account
activity for the months in question * Obtained, reviewed, and analyzed receipts provided by the Manager at the Villa Cordova Apartments associated
with monthly rent payments * Obtained, reviewed, and analyzed receipts provided by Ben Hill's ex–wife associated with back child support payments
* Observations of various financial functions of Tallahassee BeanCounters by the Team
Individuals Interviewed: Members of the Fraud Examination Team interviewed the following parties: * Coworkers * Red Carpet Reality *
Tallahassee Doors * Villa Cordova Apartment Manager * Ben Hill's first ex
–wife * Ben Hill's second ex–wife
Findings
During our examination of documentation and interviews, we found the following: * Did the
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Platinum Box
Contents
Executive Summary2 Issue Identification3 Environmental and Root Cause Analysis5 Alternatives6 Recommendations & Implementation7 Exhibits8
Executive Summary
Platinum Box Ltd. is at a strategic juncture; it has enjoyed a phase of consistent growth over the last few years, and built on this growth is planning to
expand operations to take advantage of new markets in the USA. Critically, the equipment (printing presses) that have enabled Platinum's growth and
success are approaching the end of their life–cycles, as evident in doubling of their maintenance costs over the last two years. If this equipment is not
replaced in the near future, Platinum cannot expect to expand production or to effectively push ... Show more content on Helpwriting.net ...
There are three potential sources (JabaKing, Merakuri and Pnutype) available to Platinum for the equipment that will replace the aging presses
currently in use. Several key factors need to be considered when making this decision not least of which is the overall cost of acquiring the new
equipment. To this end, a Total Cost Analysis (Exhibit A) evaluation of the suppliers has been employed to fully assess the available alternatives, and
to make the subsequent recommendations on supplier to choice. Direction given by Jim Hicza, has made in clear that cost considerations will be a
primary concern. Consideration of the ability of the equipment to meet the anticipated future capacity demands, and how this equipment will facilitate
the growth goals of Platinum, is vital. Analysis of the projected required capacity (Exhibit C) reveals some interesting and strategically important
insight; if Platinum continues to grow at the expected rate, today's purchase of new presses will not be able to meet the projected demand in 5 years
(2010), unless additional presses are purchased, or factory hours are expended – perhaps with the addition of a third shift.
This fact introduces the option to retain some of the currently functioning JabaKing machines, while adding additional presses piecemeal over the next
5 years in order to meet demand. This approach will alleviate the need for a large capital investment upfront,
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The Total Cost Of Ownership
Total Cost of Ownership (TCO, or total ownership cost TOC), is a concept that is progressively used in business worldwide. The principle of the
concept is that the full costs of a conclusion should be assessed, rather than concentrating on the original purchase price of software and hardware, for
instance. The Total Cost of Ownership term is somewhat new but the methodology is comparable to concepts of life cycle costs and other valid
economic principles for appropriately evaluating business decisions. Total Cost of Ownership is at times used to define the full costs of one choice. In
other occasions, Total Cost of Ownership is used to label the contrast of full costs of two contending alternatives. With whichever practice, the approach
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Let us consider the present value, there are numerous ways to contemplate organizing or categorizing the relevant costs.
Some analysts acclaim ascertaining direct costs such as things like: software and hardware purchase price v. indirect costs such as: training and
relocation costs. One could see it beneficial to also contemplate about costs the initial costs equally obvious direct in addition to indirect costs. Some
of the reason this discrepancy is important is that a conclusion should not depend on the nominal sum of the costs, but instead on the present value of
the costs. A dollar now has more value than a dollar one year from now; revenue today is more imperative revenue one year in the future. The pertinent
interest rate or discount rate is the businesses marginal cost of capital conforming to a level of risk corresponding with the venture.
Consider a small business is planning on applying a new billing system. The key components of the system will be: software, hardware, preliminary
training, additional transition costs, successive software upgrades, subsequent training, constant operations and maintenance. It has zero salvage. The
billing system is anticipated to last 3 years. The businesses investment company advises that the forward–thinking cost of principal is 15%. The
calculations in the table assume initial purchase at time zero, and that other cash transpire at the middle of the year specifically, cash outlays for year 1
are
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Caribbean Internet Cafe
1
Caribbean Internet CafГ©
Performance Management and
Control, ACC 287.5
David E. Platt, Ph.D.
Caribbean Internet CafГ©
Primary Case–Study Objectives
2
пЃµ
пЃµ
пЃµ
Observe the diversity of business measurement issues.
Introduce fundamental costing issues.
Identify strategic and non–financial issues that are critical for decision making.
Caribbean Internet CafГ©
Cost Summary
3
пЃµ
Here is a listing of costs to be incurred (pg. 3–4). How can we organize this data in a useful way?
Equipment
Waiter–tutors
Manager
Building lease
Utilities
Utility deposit
Internet link
Internet service
Insurance
Advertising, mktg, promo
Pre–opening advertising
Other up–front costs
Miscellaneous admin/main
Usage
Qty
Unit from Exhibit 1
180 hrs/wk
1 per month
1 ... Show more content on Helpwriting.net ...
Jamaica $
One–Time Costs
Utility deposit
Pre–opening advertising
Other up–front costs
Total
Least
Most
пЃµ
J$
J$
7,000
20,000
120,000
147,000
Fixed Costs
Waiter–tutors
J$
Advertising, mktg, promo J$
Miscellaneous admin/main J$
Utilities
J$
Insurance
J$
Manager
J$
Internet link
J$
Building lease
J$
* Loan interest
J$
40
10,000
50,000
15,000
10,000
40,000
10,000
30,000
1,250,000
Cost
Unit
per hour (x 180 x 52) per month per month per month per month per month per month per month at 10% "concessionary rate"
What about investment in equipment?
Annualized
J$
J$
J$
J$
J$
J$
J$
J$
J$
374,400
120,000
600,000
180,000
120,000
480,000
120,000
360,000
125,000
Caribbean Internet CafГ©
Fixed Costs
6
пЃµ
Depreciation is annual fixed cost.
Investment
General equipment
Hardware and software
Furniture and artwork
China and flowers
Total (exhibit 1)
J$
J$
Jamaica $
Fixed Costs
Waiter–tutors
Advertising, mktg, promo
Miscellaneous admin/main
Utilities
Insurance
Manager
Internet link
Building lease
* Loan interest
** Depreciation
Total
J$40
J$10,000
J$50,000
J$15,000
J$10,000
J$40,000
J$10,000
J$30,000
J$1,250,000
Est 'd Life (yrs)
573,250
407,750
340,000
105,000
1,426,000
Annualized
5 J$
3
10
2
J$
Cost
Unit
per hour (x 180 x 52) per month per month per month per month per month per month per month at 10% "concessionary rate" from above
114,650
135,917
34,000
52,500
337,067
Annualized
374,400
120,000
600,000
180,000
120,000
480,000
120,000
360,000
125,000
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Variable Effect Model And Random Impacts Model
ОІ and ОІ^* represent the results of fixed effect model and random effected model. var(ОІ)–Var(ОІ^*) is the difference of covariance matrix inn two
results as above.
When ОІ=ОІ^*, w=0; when ОІв‰ ОІ^*, wпјћ0
Therefore, Hausman test is
W~X^2 (k)
The k represents number of explanatory variables. If significance level is О±,
WпјњX_О±^2(k), it is said to choose the random effect model, the other is vice versa.
Now referring to our study,
The comprehensive performance P is гЂ–y гЂ—_it,
X_it shows different variables of ownership structure, Ој_it represents error term.
Confirmatory factor analysis:
"Confirmatory factor analysis is a type of structural equation modeling that deals specifically with measurement models, that is, the relationship
between observed ... Show more content on Helpwriting.net ...
Scholars are often used to measure the performance of indicators including ROE and s ' Q Tobin, ROE is the net assets yield; Tobin 's Q (= the
market value of the company / asset replacement cost) is used by foreign scholars of the index, the index is reverse (Chen Goh, 2005). Referring to
the market value of a company, because of the special nature of the securities market and the ownership structure of the commercial banks, the
domestic scholars generally not used. And just use these two single indicators not fully reflect the business objectives of the commercial banks' needs,
nor it is suitable for the measurement of the operational performance of China 's commercial banks. This paper uses commercial banks ' net assets
yield (X1), earnings per share (X2), liquidity ratio (X3), loan to deposit ratio (x4), non–performing loan ratio (x5), the capital adequacy ratio (x6), the
main business income growth rate (X7), net profit growth rate (x8), total assets growth rate (x9), nine specific indicators to measure explained
variables, which as the comprehensive performance of the commercial banks. Because the four aspects of the nine indicators were reflected in the
executive level of financial banks "profitability", "liquidity", "debt paying ability" and "growth" and on the performance of commercial
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Snap Fitness Essay
Snap Fitness
ACC/566
July 16, 2012
David Kochevar
Snap Fitness
Executive Summary Owning a business is a dream for many people and one way to obtain that dream is to take advantage of a franchise opportunity.
Work–out centers are a rapidly growing business. "Economically, the health club industry has proven to be recession–proof, averaging an 8% annual
growth rate since the early 1990's across all health clubs and gyms"(Snap Fitness, 2012). The following paper will reflect information concerning
owning a fitness center and benefits to an individual who seeks to own a business in this industry. Individuals across the country who want to be fit
often join fitness centers and most people want a no commitment month to ... Show more content on Helpwriting.net ...
The newspaper theory was used to complete the sales data, but this data point should be considered a soft number as it is based off of a newspaper
assumption. Break–even analysis uses the formula of Sales = Variablecosts + Fixed costs + Net income (Kimmel, Weygandt, & Kieso, 2009).
|Sales = |Variable costs + |Fixed costs + |Net income + |
|$7,800 = |$1,800 |$6,000 |$0 |
Monthly Sales
Snap Fitness is only able to be successful and profitable as a company if they set their monthly sales goals to achieve. The set monthly sales goals
are crucially needed to be set to insure the company's has the ability to barometer to gauge. This will allow the Snap Fitness to verify cash flow
and meet all of the company's financial obligations. Snap Fitness is also able to use the information to verify the sales team is meeting their
individual and team goals and performance levels. Snap fitness is required to meet $17, 800 in monthly sales to meet the target net income of
$10,000. Income amount of $10,000 will insure Snap Fitness will be able to make a profit for the investors and cover costs. For the sales team to
make $17,800 they will need to sign–up additional 685 new members. The required sales to meet the $10,000 goal the Target net income
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Total Cost Of Ownership Is The Purchase Price Of An Asset
Total Cost of Ownership is the purchase price of an asset along with the costs to operate it. TCO started to become more known in the eighties
when software and IT expenses started to be involved with maintain an asset. Purchasers and business owners realized there was a different in
purchase price and the real cost of an asset purchase. When making purchasing decisions it is always best for the decision maker to look at the TCO
and not just the initial cost of an asset. Total cost of ownership is also taken into consideration when making an investment. Things outside of the
initial purchase or investment that affect the TCO are direct and indirect expenses. Many factors come into play when documenting indirect expenses.
These expenses can be broken down into different costs that add up to the total cost of ownership. In the following paragraphs, I am going to cover
the different expenses to take in the consideration when looking at the total cost of ownership for the life cycle of an asset. Buyers, acquisition
managers, and business owners all need to consider the TCO when making smart purchasing decisions. Total cost of ownership has helped many
businesses make wiser purchasing decisions. When calculating the total cost of ownership of an asset, the life cycle of the asset must be taken into
consideration. During that life cycle, the asset will start to depreciate. The depreciation expense varies from asset to asset. The value of the asset is
reported lower and lower
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Reliance Digital Case Study
INTRODUCTION:
Reliance Digital is a leading retail outlet in electronic products. Reliance Digital sells over 150 national and international brands with over 4000
products. It is one of the leading electronic outlet in India with good quality products as well as good quality customer service and satisfaction.
A very unique feature of Reliance Digital is 'RESQ'. RESQ consists of a post sales service and advisory team who provide product lifecycle customer
support. It also follows value for money concept, which gives the best value for money in terms of Total Cost of Ownership.
Total Cost of Ownership is a financial estimate to help owners determine the direct and indirect costs of a product.
When a customer buys a product he/she pay more than the price in which the dealer buys the product. Reliance Digital takes the value for money
concept ... Show more content on Helpwriting.net ...
The costing methods taken up by Reliance Digital is Operating costing and Operations costing.
Operating Costing:
These are the expenses related to operations of a business or device. Cost of resources used by the company to maintain its existence.
Reliance Digital deals with various kinds of electronic devices. To run the business and maintain its status it needs to maintain good quality in its
products as well as service. It incurs various costs in maintenance of its products as well as providing quality service to its customers while selling a
product and also after selling the product.
Operations Costing:
This type of costing method is used when there is a operation carried out in different stages and not the process. In reliance digital operations start from
the initial booking that takes place from the customers end through the process of carrying out that booking and completing the order on time. The
company incurs many costs in the entire operation.
Multiple
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Business Case Template
Please provide a professional looking document that includes the following
1.Project name– Please come out with a name for your project.
2.Project team– at this point you should have your project team in place. Be sure to identify your team by its name and list all team members.
3.Project description –provide a brief description of the project. A project description should be written so that anyone unfamiliar with the project can
read and understand what the project is about. Include a brief description of the organisation and the problem or opportunity that led to initiating the
project.
4.Measurable organisational value (MOV) – The MOV is the goal of the project and is used to define the value that your project will bring to ... Show
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Setting the time frame for achieving the MOV can be determined by asking the question – when do we want to achieve this target metric?
e.Summarize the MOV in a clear, concise statement or table – Once the area of impact, value, metrics, and timeframe are agreed on, the MOV should
be summarized so that it can be clearly communicated to all of the project stakeholders. The MOV can be summarised in a statement: This project
will be successful if _______? On the other hand, a table format may be more appropriate for summarizing the MOV if it has a growth component
over two or more time periods .Keep in mind that the MOV should tell everyone what the project will achieve, not how it will be achieved .The MOV
should focus on the organisation, not the technology that will be used to build or support the system the information system.
5.Comparison of alternatives –To keep things simple, you may consider three alternatives for your presentation; maintain the status quo (do nothing),
purchase a software package, or build a custom system. Using the web or library, determine whether any software packages currently exist that you
think may support the expected requirements. If more than one exists, then select one that you feel may be the best option for your client. Compare
each of the alternatives based on the following criteria
a.Total cost of ownership(TCO)
This can be only a rough estimate at this time.
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Tco-Happyland Construction Essay
Module 2
Session 5
Make or Buy: TCO Analysis
Happyland Construction Inc. Case
Instructor: Nikki Raycraft
By: Choaa Awad
OIPMAC ID#:10041436
Executive Summary:
Happyland Construction is expanding and growing its operations. There is a need to make a huge capital investment in purchasing a crane necessary
for its operations in the next ten years.
GargantuLift 6000 crane model produced by Mega Corporation is recommended by engineering, maintenance, finance, purchasing, and management
staff.
Top management needs to decide which is more financially sound: to buy the crane or subcontract (lease) it from Digger Construction.
According to the figures presented by the chief purchasing officer based on the research done by one of his ... Show more content on Helpwriting.net ...
The strategic decision will be made during a meeting between the CEO, the purchasing manager, and the finance director.
Systematic Issues:
–A major decision will be made to invest in the crane for the next 10 years.Happyland management needs to be sure that the company will have enough
projects and resources to pay for this capital investment.
–The accounting system at Happyland depreciates assets over a 5 year period. There should be a special adjustment done to record the acquisition of
the Gargantulift 6000 crane be it either bought or leased. This asset should be accounted for over a 10 years period and not five.
Qualitative Analysis:
Happyland has grown over the last few years and became a world leader in the design and construction of oil shale plants. The company is building a
new plant and in need to acquire a huge lift crane to support its operations at the new facilities.
There is consent among all the technical, engineering, and administrative sections about the crane brand name and model and the period of time the
crane is needed. The huge price for the crane makes it crucial for senior management to make the right decision whether to buy the crane directly from
the manufacturer or subcontract it from another company over a 10 year plan.
The purchasing section prepared a detailed list of the total cost of ownership of the crane for 10 years.Also, the costs involved in leasing the crane were
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Netw250 Course Project Pbx Proposal
Company IP PBX Proposal
Alexander Ballete
DeVry University
Author Note
This paper was prepared for NETW250 taught by Professor Allison Rubenstein
Course Project Introduction The goal of this document is to come up with a proposal for the company IP PBX system. In this proposal I will
introduce several different Voice over IP vendors, each fully qualified to becoming our company's new IP PBX system. Only one of the vendors will
be selected based on the criteria laid out by the Chief Information Officer. The vendors I will be evaluating are Avaya, Genesys, Interactive
Intelligence, Mitel, and Siemens. As I mentioned earlier, each one of these vendors are fully qualified to becoming our company's new IP PBX system
but only one ... Show more content on Helpwriting.net ...
This includes email, chat, voice mail, IVR, outbound dial, CTI integration, URL browsing, and CRM support. Genesys scores very high marks on
email, chat, voice mail, IVR, and URL browsing. IVR or interactive voice response is a system that interacts with callers to gather information and
to route calls to specific employees or agents. The Genesys reports that their IVR system can improve customer experience by reducing live agent
calls by 80%, increase automation rate by 10% with 1.5 million saved annually, and decrease agent talk time by 40% with their "intelligent" IVR
system. The Genesys IVR system comparable to the Mitel and Siemens IVR systems, which also scored high marks as well however Genesys edges
out the other two in the other categories. Computer telephony integration is feature that is also very important for the IP PBX system to support. CTI
allows employees or agents to use their computer to initiate and manage calls. It also allows the computer to direct calls to the right department. The
Genesys SoundBite CTI Connect platform has several features to help call center agent be productive at the workplace. Some of these features include
screen pops, intelligent call routing, and dynamic call pacing into the contact
... Get more on HelpWriting.net ...
Course Project – Sai Toys Essay
A Review of the IT System Course Project – SAI Toys A Review of the IT System Executive Summary The overview for SAI Toys is the company
sells are manufactured in–house and shipped to brick–and–mortar retailers, such as Best Buy and Target, as well as e–Commerce only sites, such as
ThinkGeek.com and Buy.com. The company has no direct interaction with the final purchasers (individuals) of their products other than through
warranty service. SAI Toys is one of the leading manufacturers of products for Gifted Electrical Engineering Kids (GEEKs). SAI Toys consists of four
distinct IT systems. They are Public Website, Manufacturing Support System (MSS), Human Resources System (HRS), and Sales and Marketing
System (SMS). Public Website... Show more content on Helpwriting.net ...
The Threats of SAI Toys are: Loss of market share, Major competitors integrating vertically and selling direct, and Changing technology requiring
escalating engineering costs (Butcher, 2011). The Competitive Strategy Analysis is the second basis analysis technique to help us to have an overview
of the company and its environment. SAI cannot afford the possibility of IT system failure given the highly competitive market in which they operate.
New product design, manufacture, and marketing require that their IT system be fully functional 24/7 with no downtime. To sustain growth and
revenue and stay ahead of potential competition SAI Toys will need to invest heavily in Research and Development (R&D) on an ongoing basis
(Butcher, 2011). This will include further investment in hiring skilled engineering personnel. Because SAI Toys creates unique products which may
exclusively dominate a small segment of the market from which all of its revenue is derived, the introduction into the market of a competitor's similar
product with enhanced features and lower retail pricing may severely impact SAI Toys ability to generate sales and revenue (Butcher, 2011).
Swimlanes Diagram: AS–IS Diagram Overview of Recommended System The various systems currently in place will be replaced or integrated into
the new system. Assuming that SAI Toys has elected to develop an
... Get more on HelpWriting.net ...
Summary: Gigatech
GigaTech will be renting an office space in Newport News, Virginia. It will cost the company $2,700 per month to rent out a 3,842 square
–foot office.
It will also pay $210 for utilities such as electric, water, gas, and sewer. In order to form our Limited Liability Company, we are responsible for paying
a LLC formation expense of $200. We also need to obtain a software license, which costs $170. To create an Apple app, we must also create an Apple
account and pay $99 each year. An estimate of $300 is needed to trademark our company as well. Our company will also be paying $800 every month
for internet expenses. Attorney fees will cost $1,220 a month based on one four hour meeting a month at $305. In addition to the administration costs,
our company will need to purchase all office equipment, office supplies, and bathroom supplies. We plan on spending $17,483 within the first year and
purchasing these items from Staples, Walmart, or online. Our company will be providing health insurance to all the employees, which will cost
approximately $228,000 per year in total. The ... Show more content on Helpwriting.net ...
We also have $260,400 in prepaid expenses, including prepaid health insurance, which totals $228,000 and prepaid rent, which totals $32,400 for
the first year. This totals $1,260,400 in current assets. We also have fixed assets totaling $27,852. These assets include office equipment, licensing
and membership expenses, and LLC and trademark expenses. Our total assets for our first year would be $1,288,252. For liabilities, we have
$670,000 in wages payable that are already set aside for the first year, and we have set aside $60,300 for employee benefits, which can include
money for signing bonuses, sick days, vacation days, etc. This totals $730,300, which leaves us with $557,952 in retained earnings. Adding up our
liabilities and retained earnings (our owners equity) we would get a total of
... Get more on HelpWriting.net ...
ACC 281 week 5 post assessment Essay example
1. A company's ending accounts receivable balance and the period's advertising expense would be found on which financial statements, respectively
balance sheet and income statement (Yes. Accounts receivable will be on the balance sheet and the advertising expenses on the income statement)
2. How does financial accounting differ from managerial accounting managerial accounting deals with internal reporting and financial deals with
internal reporting (Yes. Managerial accounting deals with internal reporting and financial accounting deals with external entities)
3. What calculation would you use to determine the net income
Revenues minus expenses equal net income. (Yes. Net Income = revenues – expenses)
4. Your healthcare... Show more content on Helpwriting.net ...
Regulations and Rules in the Accounting Practice: There are basic accounting rules that all organizations must follow. The purpose of these rules is to
make sure that sound accounting principles are being followed. There are private entity rules and governmental entity rules. Which of the following
acronym would best describe these regulations and rules
GAAP Generally Accepted Accounting Principles
FASB Financial Accounting Standards Board
GASB Governmental Accounting Standards Board (Yes. The correct acronyms are GAAP Generally Accepted Accounting Principles; FASB Financial
Accounting Standards Board; GASB Governmental Accounting Standards Board
10. Determining which type of organization to form can take some time to figure it out and can be based on your preferences. Why do many health
organizations choose the corporate structure both a and b (Yes. The corporate structure provides for limited liability and ease of transferring ownership.)
11. Which type of organization divides equity by percentage of ownership partnership (Yes. A partnership divides equity by percentage of ownership
12. The Discount on Notes Payable account is associated with a note payable when interest is included in the obligation's face value. (Yes. The
discount on notes payable account is associated with a note payable when interest is included in the obligation's face value.)
13. Assume that Robert Conrad, a nurse, worked 45 hours
... Get more on HelpWriting.net ...
Total Ownership Costs
Total ownership costs
Introduction
Total ownership cost is a financial estimate whose function is to assist customers as well as organization managers to determine both direct and indirect
costs of a system or product (Contract management. 2006). Total ownership costs, as a management accounting concept it is applicable in the full cost
accounting. In addition, it is applicable in ecological economics where in includes social costs among other costs. When it comes to manufacturing,
total ownership costs goes beyond the initial production cycle time as well as costs to make parts. Total ownership costs include various costs of doing
business items such as opportunity costs, ship and re–ship. Moreover, it considers incentives and other variables developed for alternative approaches
such as tax credit, expedited delivery, supplier visits and common language among others.
Total ownership costs usually provide cost basis, which helps in determining the total economic value of a certain investment. Examples include
economic value added, rapid economic justification, return on investment and internal rate of return. Analysis of the total cost of ownership includes
operating costs as well as total costs of acquisition (Contract management. 2006). This analysis helps in gauging the viability of any capital investment
in an organization. An organization may use the analysis as a comparison tool for its products. Total ownership costs relate directly to the organization's
... Get more on HelpWriting.net ...
The Concept Of Total Cost Of Ownership Or Tco
Introduction:
The concept of total cost of ownership or TCO (Cavinato 1991, 1992), life cycle costing (Jackson and Ostrom 1980), product life cycle costs (Shields
and Young 1991), and total cost of (Ellram and Siferd 1993) are all related. There is no unique definition of TCO, since the meaning of TCO is
dependent on individual and function of organization (Ellram, 1994).
TCO concept suggests that supply managers adopt a long–term perspective, rather than short–term, for accurate evaluation of buying conditions. Three
ideas formulate procurement functions:
1)Cost must be examined from a long–term perspective and include costs other than initial purchase price.
2)Consider the impact of other business functions related to a specific purchase.
3)Understand & measure, the impact of "non–value added" costs like service costs, failure costs, administrative costs, and maintenance (Ellram, 1994)
associated with the purchase.
Depending on the goals of the project, a TCO analysis supports decisions on operational, tactical, or strategic level.
Today, TCO analysis is used to support acquisition and planning decisions for a wide range of assets that bring significant maintenance or operating
costs across ownership life. Total cost of ownership (TCO) analysis is centre stage when management is faced with acquisition decisions for computing
systems, vehicles, buildings, laboratory equipment, medical equipment, factory machines etc.
TCO analysis for these kinds of assets is in
... Get more on HelpWriting.net ...

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Ownership Structure, Managerial Behavior And Corporate Value

  • 1. Ownership Structure, Managerial Behavior and Corporate Value Journal of Corporate Finance 11 (2005) 645 – 660 www.elsevier.com/locate/econbase Ownership structure, managerial behavior and corporate value J.R. Daviesa, David Hillierb,T, Patrick McColganc a University of Strathclyde, UK b University of Leeds, UK c University of Aberdeen, UK Received 21 November 2002; accepted 6 July 2004 Available online 20 April 2005 Abstract The nonlinear relationship between corporate value and managerial ownership is well documented. This has been attributed to the onset of managerial entrenchment, which results in a decrease of corporate value for increasing levels of managerial holdings. We propose a new structure for this relationship that accounts for the effect of conflicting managerial ... Show more content on Helpwriting.net ... With equity holdings around 50%, managers will have implicit control of their company, but still do not have objectives completely aligned to external shareholders. Only at very high levels of managerial holdings are incentives akin to other shareholders. When this model is applied to a large sample of firms incorporated in the UK, managerial ownership is seen to have a significant impact on corporate value. This relationship is endogenous, and consistent with Cho (1998) and Himmelberg et al. (1999), corporate value has a corresponding effect on managerial holdings. We also find that although ownership levels are affected by firm level investment, there is no evidence of the reverse occurring. In the next section we outline our model of the managerial ownership–corporate value relationship. We present empirical results in Section 3 and conclude in Section 4. 2. The model In this section, we propose an alternative structure to the managerial holdings–corporate value relationship and argue that the cubic, or simpler representations, used in earlier J.R. Davies et al. / Journal of Corporate Finance 11 (2005) 645–660 647 studies1 are unnecessarily restrictive and misspecified. The model that is presented here captures further nonlinearities in this relationship at high levels of managerial holdings and has a quintic specification.
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  • 3. Evaluation Of A Training Program Introduction What is a training program? A training program are programs created for teaching employees in particular skills. Employee training is an essential in maintaining a great staff and keeping everyone communicating. Having a training program that is well created to establish and achieve maximum results. The requirements of the training program are recognized during a training needs analysis (TNA). When a training program is executed properly, it would increase total production and provide the understanding, skills and approaches the employee would need to have a successful performance. The paper would reflect the creation of a two–part training program for twenty employees which would cover the training necessity to push the ... Show more content on Helpwriting.net ... An analysis that incorporates the potential employees and the trainers involved with the process. The person analysis assists in recognizing employees who need training whether to enhance or increase better performance. The questions asked and answered within the training would cover policies /procedures, software, or equipment that would entail training. Performance Analysis – Is there a performance gap? This analysis assists in showing whether the employees are performing at the company's standard and through training are the employees able to improve their performance. When utilizing a performance analysis, you have the ability to identify who needs training where. Develop the training objective for this program based on an analysis of the business. To focus on exceptional customer service Benefits of excellent customer service Consider obstacles to the conveyance of outstanding customer service Establishing ethical standards and norms behavior Creating an action plan to increase customers service skills Utilizing methods for dealing with irate customers. Determine the training cost for the training program you are proposing. Include a detailed breakdown of time allotted for each piece, the subsequent cost analysis, and the total cost for the project as a whole. The cost connected with the training program extends to the performance gap, and the impact on business. ... Get more on HelpWriting.net ...
  • 4. Case Study : Troon Golf And Private Club Management Title of Case: Troon Golf Date: October 13th, 2014 Name: Krishna Chaitanya Bezwada Critical Facts: Headquartered in Scottsdale, Arizona, Troon Golf is one of the world's leading pioneer in upscale golf courses and private club management. Spread across 32 states and 32 countries and housing 190 golf courses, it is coveted as the largest golf management company in the world. (Fortinet – Troon Golf, 2010) Troon aims to provide outstanding guest and member experiences through personalized service, consistency and by not compromising attention to detail. They also offer a very sophisticated, systematic and professional approach to private, daily–fee and resort golf facility management. (Troon Golf, 2014) Troon believes that a quality golf experience is not just defined by the golf courses playing surfaces. They view that guest service and satisfaction, with an excellent food and beverage experience play a critical role in the success of a golf club, and thus strive towards providing these to its customers. To complement this belief, Troon recruits associates who are knowledgeable in both golf industry as well as the hospitality industry. (Troon Golf, 2014) Troon Golf has received several accolades from leading golf industry publications, viz. Golf Digest, Golf Magazine and Golf Week Magazine wherein 36 of its golf–courses received 'Top 100' rankings. (Fortinet – Troon Golf, 2010) Being spread over in so many countries, Troon had a very strong IT infrastructure to ... Get more on HelpWriting.net ...
  • 5. Financial Plan Write-Up Financial Plan The following sections will outline our financial plan for growth and continued sales. Important assumptions are laid out in each section to better clarify what we are projecting. Important Assumptions The current economic climate in the U.S. appears to be on the brink of recession. We do believe that this could have a mild impact on our company's profitability because many families will start to allocate their expendable income towards more of the basic needs of the family. Spending money to go out to eat will be minimized. H.O.M.E. believes, however, that because our products are contributors to continued good health that people will continue to purchase our products to keep up with a healthy lifestyle. We ... Show more content on Helpwriting.net ... expenses paid$5,000.00$2,000.00$2,000.00 Net cash provided by operating activities–$55,943.57$10,296.85$78,126.97 Cash Flows from Investing activitiesPayment to purchase equipment–$22,487.10$0.00$0.00 Net cash provided by Investing activities–$22,487.10$0.00$0.00 Cash Flows from financing activities:Payments of principal on amounts borrowed$6,000.00$6,000.00$6,000.00 Net borrowings under line–of–credit agreement$30,000.00$0.00$0.00 Proceeds from ownership savings$90,000.00$0.00$0.00 Net cash provided by financing activities$114,000.00–$6,000.00–$6,000.00 Net Cash Flow$35,569.33$4,296.85$72,126.97 Cash Balance$35,569.33$39,866.18$111,993.15 Projected Balance Sheet Our 2009 total assets we will have total of $57,459.99 and our total liabilities will equal $24,000, and this will result in a net worth of $33,459.99. Our
  • 6. owner's equity section of our balance sheet consists of the large ... Get more on HelpWriting.net ...
  • 7. Compare And Contrast The Classical Production Approach Schoors et al. (2010) state that according to the classical production approach total deposits and total loans are treated as output, and labour and physical capital are used as inputs. As we cite Ferrier and Lovell (1990) emph {"The production approach views banks as 'producing' demand deposits, time and savings deposits, commercial loans, real estate loans, and instalment loans, using capital, labor, and materials to do so."} Next to this classical production approach, Schoor et al. (2010) mention the intermediation approach introduced by Sealey and Lindley (1977) in their paper: emph{"Inputs, outputs, and a theory of production and cost at depository financial institutions."} In this paper they introduce earning assets as outputs and deposits as inputs.... Show more content on Helpwriting.net ... In the research paper of Schoors et al. (2010), they prefer the classic production approach because in the intermediation approach, the deposits are neglected as an import output. In order to follow our own rationale, we prefer to apply the classic production approach since deposits are neglected in the intermediation approach and our dataset consists only out of deposit banks. Also Ferrier and Lovell (1990) argue using the production approach if you are measuring the cost efficiency of banks because it takes only the operating costs of banking into account. On the other hand, the intermediation approach is preferable if you want to investigate the viability of banks since it is concerned with the overall costs of banking. But since we want to conduct a comprehensive and thorough research on this subject, we will also include a stochastic frontier model based on the intermediation approach inputs and outputs in our robustness checks ... Get more on HelpWriting.net ...
  • 8. Microsoft 's Strategic Commitment For The Cloud With... Analysis Since its inception, SharePoint has become a Swiss Army knife that covers a wide range of information needs and has been deployed for many different functional requirements. Many companies have customized it, whether in its look and feel, building custom integration with external systems or developing new applications. Furthermore, companies have grown to depend on third–party independent software vendors (ISVs) to fill SharePoint 's gaps or build vertical applications onto SharePoint server. While such moves have typically delivered good business benefits, they have made migrating from one generation to the next costly and complex. Industry leaders estimate that close to 90% of SharePoint deployments are still deployed in the ... Show more content on Helpwriting.net ... Microsoft has the potential to innovate in this cloud environment because it can use analytics to quickly understand business usage trends across thousands of organizations – a level of visibility it did not have in the traditional approach. It can then rapidly develop applications and approaches as well as test and deploy new interfaces. Users will realize the benefits of this rapid innovation as their work environments become more nimble, leading to stronger engagement; IT departments will realize the benefits of having Microsoft manage this aspect of their technology portfolio, allowing them to concentrate on other projects. Business drivers and cost management: SharePoint Online doesn 't take long to set up and users can perform basic tasks quickly. Microsoft trickles improvements through every three months. For SharePoint Server (on–premise), Microsoft has traditionally aggregated changes to deliver them in service packs and new versions far less frequently. Consequently, IT departments using SharePoint Online will be relieved of possible downtime concerns related to service ... Get more on HelpWriting.net ...
  • 9. Blaine Kitchenware BLAINE KITCHENWARE INC. Blaine Kitchenware was a mid–sized producer of small appliances primarily used in residential kitchens. By 2006, the company's products consisted of a wide range of small kitchen appliances including deep fryers, griddles, toasters, ovens etc. Blaine had just under 10% of the $2.3 billion U.S. market for small kitchen appliances. For the period 2003 to 2006, the industry posted modest annual unit sales growth of 2%. In 2006, 65% of its revenue was generated from shipments to U.S. wholesalers and retailers. The company shipped approximately 14 million units a year. There were three major segments in the small kitchen appliance industry: food preparation appliances, cooking and beverage making appliances but ... Show more content on Helpwriting.net ... Thus, the returns to shareholders are lower from the industry average. Blaine is an over–liquid and under–levered company and its shareholders are paying a price for it. It would not be rational for a public company to be funded only by equity. It 's too inefficient. In 2006, the company Return on Equity (ROE) was 11%, which is below the industry average of 19.5%. Also the increasing trend in BKI's payout ratio was unsustainable Debt is a lower cost source of funds and allows a higher return to the equity investors by leveraging their money. In addition, the company can deduct the interest paid on the debt from their income and thus reduce the tax burden. With an increase of future corporate tax from 30.8% to 40%, it would be beneficial for the firm to deduct interest payments to pay fewer taxes. Debt greatly reduces the role of integrated enterprise cost of capital. Therefore, it can increase earnings per share and its stock value by improving the proportion of corporate debt appropriately, which assumes a crucial role of financial leverage. Enterprises financial leverage of funds has a magnifying affect, when the business uses the liabilities, the effects of financial leverage will show. However, debt is not always excellent, and we should firstly analyze whether the profitability of raising the funds for capital is greater than the interest rate. If it is so the use of debt will substantially increase their ... Get more on HelpWriting.net ...
  • 10. Improved Rewards Assignment 5 – New and Improved Rewards at Work Casandra Reynolds HRM 533 Total Rewards December 15, 2013 Dr. Lila Jordan Determine how innovations in employee benefits can improve the overall competitive compensation strategy of the organization. A competitive organization understands the need for a skilled and loyal workforce. In order to attract and retain top talent, many organizations offer innovative and creative employee benefit packages. It enhances an attractive salary and creates a niche for the employer. An organization that is aware of the dynamics of its workforce will be in step with the innovations in employee benefits. Technology, global workforces and diversity have made it necessary for companies to review ... Show more content on Helpwriting.net ... Chosen and implemented effectively, however, creative benefits can demonstrate leadership 's concern for the well–being of employees, reinforce cultural values, and foster deeper employee engagement (Lagunas, 2012). Prospective employees expect run of the mill standard benefit packages such as healthcare, vision, dental and retirement plan benefits. Stock options, stock ownership and other equity based rewards viewed with a dubious eye as people still remember Enron. Yes, you will do well if the company is doing well but what if your company is operating unethically, where does that leave the employee? Worthless stock and a jaundiced eye toward organizations are what are left. On the other hand, an organization that touts benefits such as on–site dry cleaning, subsidized childcare, or commuter passes taps into what employees really need and want. Occasionally, time is a valuable benefit for employees, time to do the things they cannot accomplish due to work schedules and competing priorities. Discuss the key elements of integrating innovation into a traditional total rewards program. Integrating innovation into a traditional rewards program is not overly cumbersome but it must be done with the full support of leadership and with the support of employees. Leadership must embrace a new outlook on benefits and employees. The proper research and fact finding must be accomplished to ensure benefit innovation will mesh with the company culture and the needs of its ... Get more on HelpWriting.net ...
  • 11. Total Cost of Ownership and IT Recruitment in Healthcare Part 1: TCO Elements – Review the administrative and clinical Total Cost of Ownership (TCO) elements that are measured for your organization. Identify two to three administrative and two to three clinical elements that are particular to your organization. Provide a brief description of why these elements have been identified as critical to TCO. Total Cost of Ownership (TCO) is framework for understand the hidden costs and benefits of technology that may not necessary be apparent in the initial expense procuring certain technical solutions (Hockel & Hamilton, 2011). An example may be upgrade costs associated with acquiring a new computer. The initial pricing for the computer may be apparent, but the future costs that will be incurred to improve the unit or make more robust and proficient must also be considered. Administrative elements within our organization include training, support and maintenance. Training is critical in consideration of TCO because if not accounted for correctly and provided, end users are more likely to resist changes to new systems, platforms and, slowing adoption of a new solution and adversely impacting productivity (Hockel & Hamilton, 2011). General support is a critical part of TCO because unexpected needs may arise that can jeopardize performance of solutions. For instance, system downtime can negatively impact the bottom line of the business. Support in the form of dedicated helpdesk services (if not automatically provided under contract), ... Get more on HelpWriting.net ...
  • 12. Troon Golf Introduction Troon Golfis the leading premier luxury golf management, development and marketing company in the world. Manages world–class golf courses, golf clubs, and resorts around the world. Provides comprehensive solutions to almost all golf facility operations and developments. History, Development & Growth Founded in 1990 by Dana Garmany. Headquartered in Scottsdale, Arizona. Largest third party manager of golf and club operations. 197 golf courses worldwide. Provide extraordinary guest and member experiences in 29 countries and 34 American states. History, Development & Growth (Cont....) Operate in two divisions: Troon Golf: Manages operations of daily fee and resort facilities. Troon PrivГ©: Manages operations of private clubs. ... Show more content on Helpwriting.net ... Corporate–level Strategy (cont..) EZLINKS allows management companies to operate multiple golf courses from a single, highly integrated platform. Integrating real time performance data, multiple customer databases and multi–course marketing program into stream line reporting and decision making to enhance customer service and increase revenue growth. Business–level Strategy Strategic Replacement Program Total Cost of Ownership(TCO) A technique used to calculate a more accurate cost that includes all associated costs. Gartner Group introduced TCO in the late 1980s when PC–based IT infrastructures began gaining popularity. Helps the company determine if the cost to maintain old technology is less than replacing the hardware. Lifecycle Management Plan Business–level Strategy(Cont...) Leasing Over Purchasing
  • 13. Set up a Leasing Option with DELL Financial Services ... Get more on HelpWriting.net ...
  • 14. Equity Ownership Of A Company In order to finance ongoing expenses and activities, a company can approach a bank and take a loan to pay for these things. Instead of going to a bank, a company often offers investors either debt or equity in their company. After exploring debt ownership last week, this week we are going to explore equity ownership. One of the major concerns of owning equity in a company is the ability of that company to perform, which is the only one of the only ways an investor can receive a return on an equity instrument. The most common form of equity ownership in a company is common stock and by owning shares, you are a part–owner of the company. Along with ownership comes the right to vote on certain company issues such as voting for the board of directors, stock splits, and other company objectives (Harrison, Horngren, & Thomas, 2015). Common stockholders often have preemptive rights that allow shareholders to maintain their portion of ownership in a company should the company choose to sell additional shares. Along with the benefits there is a drawback, in the event a company declares bankruptcy, common stock shareholders are the last individuals to receive company assets behind creditors, bondholders, and preferred stock shareholders. There are two classes of common stock shares Class A and Class B. The biggest different between the two are the number of votes attached to the class or whether one class even has any voting rights. A company may want the equity injection ... Get more on HelpWriting.net ...
  • 15. Global Equity Research Telecommunications Equipment 12 April 2012 Global Equity Research Telecommunications Equipment Smartphones 2012 Research Analysts Kulbinder Garcha 212 325 4795 kulbinder.garcha@credit–suisse.com Deepak Sitaraman, CFA 212 325 5808 deepak.sitaraman@credit–suisse.com Achal Sultania 44 20 7883 6884 achal.sultania@credit–suisse.com Alban Gashi 212 538 3033 alban.gashi@credit–suisse.com Talal Khan 212 325 8603 talal.khan@credit–suisse.com Matthew Cabral 212 538 6260 matthew.cabral@credit–suisse.com Vlad Rom 212 325 5442 vlad.rom@credit–suisse.com INDUSTRY PRIMER Growth robust...time to think compute Raising smartphone estimates. We raise our global smartphone market forecast by 9%/15% to 688mn/885mn units (46%/29% growth) in 2012/2013, driven strength in both ... Show more content on Helpwriting.net ... U.S. Disclosure: Credit Suisse does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. в– в– в– в– в– в– 12 April 2012 Table of contents Executive summary Raising smartphone estimates Forecasting smartphones based on TCO Linking our TCO analysis to the addressable market Smartphone volumes to grow at CAGR of 26% Price point work also shows 1.1bn units long term Significant growth being seen in the low end A specific growth opportunity within China LTE could be a game changer Improving device availability LTE speeds could drive new services Coverage expansion of LTE networks Aggressive rollout plans in US and China An upgrade cycle like none before A war of ecosystems..... Apple– the iOS and Mac ecosystem Google/Android – a one trick pony? Windows 8 – what about the upgrade cycle? Developer dynamics are critical
  • 16. Smartphone economics Carriers have seen margin pressure Smartphone economics What can carriers do? Smartphones – winners and losers Apple scope for share gains exist on multiple fronts Samsung – a strong second Nokia – heading for third position in smartphones Multiple Android vendors may struggle HTC – still bleeding share Motorola Mobility/Google – losing steam in the US Sony – change of ... Get more on HelpWriting.net ...
  • 17. Essay on HRM 587 Final Exam DOWNLOAD HERE HRM 587 Final Exam 1. (TCO All) For the next set of questions, you will first select ONE of the TCOs of the course. Then, you will be asked to write an essay about the project you worked on this term over your two companies' change program based on the TCO you selected above. Select the TCO your essay question will cover: TCO A– Given that progressive and successful companies require their employees to embrace change, examine how changing work conditions impact the employees. TCO B – Given the inherent reality that all organizations must experience change in order to improve, demonstrate how "models" are used in Change Management, for diagnosing an organization's need for change. TCO C – Given external, ... Show more content on Helpwriting.net ... For your answer, be sure to reference the names of the companies you studied in your project this term to help your instructor determine the score of your response. You will assess the "sustainability" of the changes which occurred in the companies you studied. Select ONE of thecompany change programs for your answer to this question and state it here. Assess the change project. Was it successful or unsuccessful in your opinion? What will it take (what are some steps the company can, should, or DID take) to make it SUSTAINABLE? What theories did you consider in coming to this conclusion? Do you think this change will still be in place in one, five, or ten years? Why or why not?(Points : 35) As for the People, it should be determined whether the organization has the right skills and talents for the change to be supported and for the organization to achieve its strategic goal. For example, if the strategic goal is to increase revenue through increased sales then the company sales people should be given sufficient training about the company's own and acquired products as this will enable the sales staff to more easily sell the company's products. I feel that the changes made in SAP will stay in place for years to come. Now that steps have been gathered to analyze large amounts of employees, customers, and sales data being generated by companies it will enable SAP to create new processes and applications that will strength
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  • 19. Building Standards, Procedures And Restrictions For The... I.Policy The purpose of this policy is to define and establish standards, procedures and restrictions for the disposal of all non–leased Information Technology (IT) equipment in a legal and cost–effective manner. II.Scope and Limitation This Policy applies to all Topaz workforce members. III.Definitions A.Non–leased refers to any and all IT assets that are the sole property of Topaz; that is, equipment that is not rented, leased or borrowed from a third–party supplier or partner company. B.Disposal refers to the reselling, reassignment, recycling, donating or throwing out of IT equipment through responsible, ethical and environmentally sound means. C.Obsolete refers to any and all equipment over 5 years old and /or that which no ... Show more content on Helpwriting.net ... The IT Department is also responsible for backing up and then wiping clean company data on all IT assets slated for disposal as well as the removal of company tags and/or identifying labels. C.The IT Department is in charge of selecting and approving external agents for recycling hardware and/or sanitizing hardware of harmful toxins before shipment to landfills. The IT Department is also responsible for acquiring credible documentation from third parties that are contracted to conduct the data wiping, tag or label removal or any other part of the disposal process. D.Acceptable methods for the disposal of IT assets are as follows: 1.Sold to existing staff 2.Sold as scrap to a licensed dealer 3.Used as a trade–in against cost of replacement item 4.Reassigned to a less critical business operation function 5.Donated to schools, charities, and other non–profit organizations 6.Recycled and/or refurbished to leverage further use (within limits of reasonable repair)
  • 20. 7.Discarded as rubbish in a landfill after sanitized of toxic materials by approved service provider E.It is the responsibility of the IT Supervisor to ensure that IT assets, equipment, and hardware are disposed of according to one or more of the methods above. It is imperative that any disposals performed by Topaz are done appropriately, responsibly and ethically, as well as, with company resource planning in mind. The following rules must be observed to all disposal: 1. ... Get more on HelpWriting.net ...
  • 21. Oil Prices: Driven by Supply and Demand 1. Oil prices are almost entirely driven by supply and demand. On the supply side, OPEC seeks to control the prices by virtue of controlling the output of its member countries, which are responsible for around one–third of the world's oil production (OPEC, 2012). That OPEC can do this is facilitated by the fact that bringing new oil production online takes a long time. Thus, by setting output on a monthly basis, OPEC can control the supply. OPEC's actions have a strong influence on prices because demand is largely predictable and incremental. The demand this month will be related to the demand next month, since oil demand tends to be for usage of a recurring nature. Over the longer–term, some of the major trends that affect the price of oil are consumption for business and personal use. For example, Anderson and Boul (2005) note that China's economic growth has resulted in that nation having steadily increasing demand for oil. Much of this comes from growth of the country's consumer class, with automobile sales, and from growth in industrial uses for oil. India, the US, and the world's modern economies are all big users of oil, so the drivers of demand in these nations can have an impact on world markets for oil. 2. According to Anderson and Boul (2005), the two largest consumers of oil products are the United States and China. China is one of the major contributors to the growth in oil consumption as well. 3. a. If the price of SUVs falls, this affects the demand ... Get more on HelpWriting.net ...
  • 22. Granite Apparel Case Study Presented to: Mr. Kurt Sullivan Subject: Source of funding From: JMSB consultants; Despina Papadopoulos Angela Christopoulos Mathieu Apuzzo AJ Kenth Date: March 2007 Main Issues * Choosing the appropriate source of financing, between Initial public offering, long term debt or preferred shares, to raise funds for the expansion of Granite Apparel. Recommendations * Granite Apparel should use an Initial Public Offering as a source for raising funds. Analysis Quantitative Initial Public Offering The cost of issuing common shares for your company was found by adding the following expenses (APPENDIX ONE): Bridge Financing Rate (Annual)| 10.25%| Amount of Bridge Financing| 50,000,000| Period| 6... Show more content on Helpwriting.net ... Appendix 2 is a loan amortization schedule and indicates the amount of interest and capital is included in each payment. The sum of all interest payments is equal to 18,312,099. If we take the total interest cost and the upfront fee the total cost of the loan would equal to: 20,112,099. However it is also important to note that interest is tax deductible. The loan amortization schedule enabled us to find the PV of the tax shield of 79,712.24$. In conclusion, the total cost of the debt option is equal to: 20,032,386.75$ We also wanted to note that paying 10% principal per year for 10 years on the loan is impossible. According to loan amortization schedule, the 10% yearly principal payment would start from year 6. For the first 5 years, most of the payment is attributed to interest, which decreases the principal portion of the payment. Performance and Ratios An important factor in deciding on which way to finance growth is how it affects your financial statements. Since these tools will be the primary source for investors it is important have them appear strong (APPENDIX FOUR). If the company chooses an IPO, the following ratios would occur in the 2007 financial statements of Granite Apparel. Ratio| Industry| Granite Apparel | Debt/Capital| 15.1%| 31.0%| TIE| 41.2| 57.75| PE| 22| 12| ROE| 18.4%| 14.16%| With an IPO the company's ... Get more on HelpWriting.net ...
  • 23. Senior Supply Management Specialist Of A Manufacturing... As the senior supply management specialist of a manufacturing company, I have been charged with coming up with the questions and answers for position at the company. The position is for a new junior buyer, and the questions and answers are tailored to assess a potential candidate's vocabulary and knowledge of supply management. I must provide answers to the questions that the candidates of the position should know to be a new junior buyer. These answers will let the Vice President of Purchasing know if the candidate if fully qualified for the position or not. The first question asks to give at least three different job titles within supply management and explain how they can contribute to the success of an organization. One job title of ... Show more content on Helpwriting.net ... Starbuck's strategic partnerships include; Barnes and Noble, Pepsico, United Airlines, Kraft foods, and the NAACP. According to Rebecca Larson, assistant Professor of Business at Liberty University, Starbucks partnered with Barnes and Nobles bookstores in 1993 to provide in–house coffee shops, benefiting both retailers (Czaja, 2011). This would not only bring more consumers in Barnes and Noble stores to buy books, but to also allow them to enjoy their favorite coffee drink while they read their favorite story. This "one–two" punch, allowed both retailers to gain a significant amount of popularity for years. In 1996, Starbucks also entered a partnership with Pepsico so they would be able to bottle, distribute and sell their famous coffee drink, Frappacino. (Czaja, 2011). Starbucks aligning themselves with United Airlines, resulted in them being able to share their coffee on airline flights with the company's famous logo on the cups. Partnering with Kraft foods made their brand sellable in local grocery stores. To push their goals for social and economic justice, Starbucks also partnered with the NAACP in 2006. One interview question asks a potential candidate to explain the role that supply management plays in achieving sustainability goals in an organization. Sustainability is defined as avoidance of the depletion of natural resources to maintain an ... Get more on HelpWriting.net ...
  • 24. Factors Influencing The Performance Of Bank 's... Confirmatory factor analysis: "Confirmatory factor analysis is a type of structural equation modeling that deals specifically with measurement models, that is, the relationship between observed measures or indicators and latent variables or factors"(Brown, 2015). In this paper, the method of factor analysis is used to calculate the performance of bank 's comprehensive management. Factor analysis method is used to reduce the dimension of the method, named as a multivariate statistical analysis method. It is integrated into a small number of factors, in order to reproduce the original variables and the relationship between the factors, and then each component to a certain weight in order to calculate the comprehensive score. Choosing ... Show more content on Helpwriting.net ... Because the four aspects of the nine indicators were reflected in the executive level of financial banks "profitability", "liquidity", "debt paying ability" and "growth" and on the performance of commercial bank comprehensive, general reflect. Net assets yield (X1) = net income / ( net assets of the beginning of the year) plus ( net assets at the end of year) /2] Earnings per share (X2) = net profit / circulation number of ordinary shares Liquidity ratio (X3) = current assets / current liabilities Loan to deposit ratio (x4) = total loans / deposits Loan ratio (x5) = bad loans / total loans Capital adequacy ratio (x6) = total capital / weighted risk assets Main business income growth rate (X7) = Main revenue growth of this year/ main income of previous year Net profit growth rate (x8) = net profit growth of this year / last year Total assets growth rate (x9) = total assets growth of the end of the year / the total assets of the previous year. Thus, this paper mainly studies the impact of bank ownership structure on business performance, but from the perspective of the actual operation of the bank, which considering that there is a certain relationship between the bank 's operating performance and the bank 's size and the capital structure, etc. While doing the regression analysis, the index of the bank firm size as the ... Get more on HelpWriting.net ...
  • 25. Essay 587 Final Final Exam Access dates:| 4/20/2013 12:00:00 AM to 4/25/2013 11:59:00 PM| Can be reviewed in Gradebook on:| 5/1/2013 11:59:00 PM| Number of times this exam can be taken:| 1| Time allowed to complete:| 3h, 30min| | | Here is some information about your Final Exam: * The exam covers the entire Managing Organization Change book, multiple articles throughout the term which were referenced in all lectures, all lectures, the Cracking the Code of Change article specifically (Beer and Nohria, Harvard Business Review). Although the exam is comprehensive, the essay questions will lean heavily over the latter few weeks of class. The multiple–choice questions will be over all TCOs. * All TCOs are covered. * There will... Show more content on Helpwriting.net ... TCO G – Given that developing a "vision for change" and communicating that "vision" is a critical part of the change process, analyze the key elements of the "vision for change" and develop a strategy to communicate the change to the stakeholder. TCO H – Given the organization's goal of creating and implementing a sustainable change while moving toward becoming a "learning" organization, develop a plan to implement change in a sustainable manner that can be applied to any change. Using the TCO you selected from the list above, which you felt was most relevant to your project this term, write an essay answer explaining how the change management you saw in one of your companies from your project this term followed or failed to follow the theory of success ingrained in the TCO you have selected. State the #1 thing you think that company's change agent did which most contributed to the success or failure of the change and why that relates to the TCO you selected. * Include in the answer the name of the company you are discussing. * Explain/analyze why you think this way. (Points : 35) | 2. (TCOs A, E) Your project this term asked you to compare and contrast two companies' change projects or programs for change. Thisquestion will review what you learned about the change projects in a continuation of your project. It will ask you to apply course ... Get more on HelpWriting.net ...
  • 26. The Acceptance Of Software As A Service Essay The acceptance of Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS) and the increased rate of implementation by companies across the globe has impacted internal IT / IS personnel in many ways. SaaS, PaaS and IaaS provide a virtualized infrastructure that handles computing, data storage, desktop support, networking and mobile services to meet the multiple needs of customers around the world. The other side of the equation belongs to the company looking for cloud services; it is up to their management to determine what extra steps are needed in order to meet the ever–changing information age with a growing population determined to break into everything to expose flaws, steal information or humiliate companies. Write a two to three (2–3) page paper in which you: There are many advantages and disadvantages when considering Software as a Service, Infrastructure as a Service and Platform as a Service such as updates and maintenance, private or public clouds and the type of service SaaS, PaaS, or IaaS. First, updates and maintenance: it is imperative that the company look at the maintenance services provided by the cloud host and how often updates and maintenance are accomplished. Second, private or public clouds: management must determine which is more important a cheaper service or a safer service. On the one hand, a private cloud offers the capability of distributing its allotted resources amongst its users in a private setting ... Get more on HelpWriting.net ...
  • 27. Chapter 7 Solution Chapter 7 – Consolidated Financial Statements – Ownership Patterns And Income Taxes CHAPTER 7 CONSOLIDATED FINANCIAL STATEMENTS– OWNERSHIP PATTERNS AND INCOME TAXES Answers to Problems 1. D 2. B 3. D 4. C 5. C 6. C 7. A Damson 's accrual–based income: Operational income ................................................................... Defer unrealized gain ................................................................ Damson 's accrual–based income ....................................... Crimson 's accrual–based income: Operational income ................................................................... Investment Income (90% of Damson's realized income) ....... Crimson 's accrual–based income ... Show more content on Helpwriting.net ... 13. C Because fair value of the subsidiary 's assets exceeds the tax basis by $100,000 a deferred tax liability of $30,000 (30%) must be recorded. Goodwill is then computed as follows: Consideration transferred ...................................... Fair value ............................................................... Deferred tax liability ................................................. Goodwill .................................................................... $420,000 $400,000 (30,000) 370,000 $50,000 14. (35 Minutes) (Series of reporting and consolidation questions pertaining to a father–son–grandson combination. Includes unrealized inventory gains) a. Consideration transferred (by Tree) ............................. Noncontrolling interest fair value ................................. Limb's business fair value ............................................. Book value ............................................................... Trade name ...................................................................... Life .................................................................................. Annual amortization ...................................................... 14. (continued) Consideration transferred for Leaf (by Limb) .............. Noncontrolling interest fair value ................................. Leaf's business fair value ............................................. Book value ... Get more on HelpWriting.net ...
  • 28. Essay on Group Collaboration Draft Q1. Using the current exchange rate, what is the initial purchase cost per unit (in US dollars) paid to Dong Hai Supply? (Do not include transportation costs) 547 Yuan x $0.14646 = $80.11 Q2. What is the average time for an order filling a TEU container to come from Dong Hai Supply in Chengdu, China to IDC's Alliance Fort Worth Distribution Center? From CousinsAg in Wahoo, Nebraska to IDC's Alliance Fort Worth Distribution Center? 15 + 1 + + 4 + 16 + 3 + 4 = 43 days to receive a TEU from Dong Hai Supply 10 + 5 = 15 days to receive a TEU from CousinsAg Q3. Using the current exchange rate, what is the cost (in US dollars) to ship a TEU container from Dong Hai Supply in Chengdu, China to IDC's Alliance Fort Worth Distribution ... Show more content on Helpwriting.net ... Inventory carrying costs are based on the value of the product at the time it is held in inventory. When the product in sitting in the IDC Alliance Fort Worth Distribution Center, its value is a combination of purchase price plus any transportation costs to get it from the supplier to the DC plus in–transit carrying costs. What is the total annual inventory carrying cost (in dollars) for the safety stock and cycle stock inventory held at the Alliance Fort Worth Distribution Center if we purchase everything from Dong Hai Supply? From CousinsAg? Dong Hai Supply Annual Inventory Carrying Cost = 0.322 * ((24,037*80.11) + (24,037/551)*182) = $622,601. CousinsAg Annual Inventory Carrying Cost = 0.322* ((22,385*85) + (22,385/406)*105) = $614,542. Q9. Inventory carrying costs are based on the value of the product at the time it is held in inventory. When the product in sitting in the IDC Alliance Fort Worth Distribution Center, its value is a combination of purchase price plus any transportation costs to get it from the supplier to the DC plus in–transit carrying costs. On a per–unit bases (in dollars) what is the total inventory carrying cost for the safety stock and cycle stock inventory held at the Alliance Fort Worth Distribution Center if we purchase everything from Dong Hai Supply? From CousinsAg?
  • 29. Per unit carrying cost for Dong Hai Supply = $622,601 / 24,037 = $25.90 Per unit carrying cost ... Get more on HelpWriting.net ...
  • 30. Delectation Delicatessen Essay Homework Problem Set #1 Delectation Delicatessen Problem a) Answer: Delectation wants to determine the number of Fish–n–Fowl and Surf–n–Turf sandwiches it should make each day to maximize the deli's revenues in USD$. The decision variables are how many units of Fish–n–Fowl and Surf–n–Turf sandwiches Delectation should make each day. F= units of Fish–n–Fowl sandwiches Delectation should make each day. S= units of Surf–n–Turf sandwiches Delectation should make each day. The objective function: maxmize F x 5.50 + S x 6.95 The Constraints: 0.25 x F + 0.25 x S<=200| Tuna fish salad | Pound| 0.5 x F <=260| Sliced turkey| Pound| 0.40 x S <=60| Sliced roast beef ... Show more content on Helpwriting.net ... And Plant A losing production capacity will not change this fact. So only Plant B will increase its production by 100 untis to make up the loss of capacity in Pant A. 2.The transportation costs for A to region 1 and 2 are $1.50 and $2.10. The difference is $0.70. The transportation costs for Plant B to region 1 and 2 are $2.35 and $3.55. The difference is $1.20. Since $1.20>$0.70, Plant A will reduce its production and shipment to region 1 by 100 untis and Plan B will produce $100 units more and ship to region 1. Problem b) 50 cents increase in unit transportation cost between plant A and region 2 Answer: Production and shipment plan will not be changed because the allowable increase of objective coefficient of "from plant A to region 2" is 60 cents. The 50 cents change is within the limit so it will not change the production and shipment plan. So it will only increase total cost by $450 as 900x$0.5. Problem c) Answer: The additional revenue will cover the cost. The reasons are: First only Plant B has available capacity to cover the 80 additional units. Second, 80 additional units is within the allowable increase range of plan B so ... Get more on HelpWriting.net ...
  • 31. Org Behavior Tallahassee BeanCounters Team Case Kaylee Cutler Charles Spiva Shauna Jones Background During a routine audit of Tallahassee BeanCounters, the team's owner Franklin Kennedy asked if we would investigate further into the potential of a fraud occurring within the company. Mr. Kennedy stated that he received an anonymous tip and believes that based on the tip,fraud within the organization was occurring. A fraud examination was conducted and the findings from relevant documents and interviews are below. Executive Summary: The investigation started when Mr. Kennedy approached our team asking us to review documents to see if a potential fraud within the organization was occurring. Mr. Kennedy received an anonymous tip that ... Show more content on Helpwriting.net ... Mr. Kennedy asked that we examine the previous four months of documentation to either substantiate or reject the claim. Approach Fraud Examination Team Members Kaylee Cutler, CPA; Shauna Jones, CPA; Charles Spiva, CPA Procedures During our investigation of Tallahassee BeanCounters, the Team took the following actions: * Obtained, reviewed, and analyzed financial documents of Tallahassee BeanCounters including ledgers, purchase orders, invoices, purchase records, and salary information * Obtained, reviewed, and analyzed cancelled payroll checks from ADP on behalf of Tallahassee BeanCounters * Obtained, reviewed, and analyzed Jessica Keller's bank account activity for the months in question * Obtained, reviewed, and analyzed receipts provided by the Manager at the Villa Cordova Apartments associated with monthly rent payments * Obtained, reviewed, and analyzed receipts provided by Ben Hill's ex–wife associated with back child support payments * Observations of various financial functions of Tallahassee BeanCounters by the Team
  • 32. Individuals Interviewed: Members of the Fraud Examination Team interviewed the following parties: * Coworkers * Red Carpet Reality * Tallahassee Doors * Villa Cordova Apartment Manager * Ben Hill's first ex –wife * Ben Hill's second ex–wife Findings During our examination of documentation and interviews, we found the following: * Did the ... Get more on HelpWriting.net ...
  • 33. Platinum Box Contents Executive Summary2 Issue Identification3 Environmental and Root Cause Analysis5 Alternatives6 Recommendations & Implementation7 Exhibits8 Executive Summary Platinum Box Ltd. is at a strategic juncture; it has enjoyed a phase of consistent growth over the last few years, and built on this growth is planning to expand operations to take advantage of new markets in the USA. Critically, the equipment (printing presses) that have enabled Platinum's growth and success are approaching the end of their life–cycles, as evident in doubling of their maintenance costs over the last two years. If this equipment is not replaced in the near future, Platinum cannot expect to expand production or to effectively push ... Show more content on Helpwriting.net ... There are three potential sources (JabaKing, Merakuri and Pnutype) available to Platinum for the equipment that will replace the aging presses currently in use. Several key factors need to be considered when making this decision not least of which is the overall cost of acquiring the new equipment. To this end, a Total Cost Analysis (Exhibit A) evaluation of the suppliers has been employed to fully assess the available alternatives, and to make the subsequent recommendations on supplier to choice. Direction given by Jim Hicza, has made in clear that cost considerations will be a primary concern. Consideration of the ability of the equipment to meet the anticipated future capacity demands, and how this equipment will facilitate the growth goals of Platinum, is vital. Analysis of the projected required capacity (Exhibit C) reveals some interesting and strategically important insight; if Platinum continues to grow at the expected rate, today's purchase of new presses will not be able to meet the projected demand in 5 years (2010), unless additional presses are purchased, or factory hours are expended – perhaps with the addition of a third shift. This fact introduces the option to retain some of the currently functioning JabaKing machines, while adding additional presses piecemeal over the next 5 years in order to meet demand. This approach will alleviate the need for a large capital investment upfront, ... Get more on HelpWriting.net ...
  • 34. The Total Cost Of Ownership Total Cost of Ownership (TCO, or total ownership cost TOC), is a concept that is progressively used in business worldwide. The principle of the concept is that the full costs of a conclusion should be assessed, rather than concentrating on the original purchase price of software and hardware, for instance. The Total Cost of Ownership term is somewhat new but the methodology is comparable to concepts of life cycle costs and other valid economic principles for appropriately evaluating business decisions. Total Cost of Ownership is at times used to define the full costs of one choice. In other occasions, Total Cost of Ownership is used to label the contrast of full costs of two contending alternatives. With whichever practice, the approach ... Show more content on Helpwriting.net ... Let us consider the present value, there are numerous ways to contemplate organizing or categorizing the relevant costs. Some analysts acclaim ascertaining direct costs such as things like: software and hardware purchase price v. indirect costs such as: training and relocation costs. One could see it beneficial to also contemplate about costs the initial costs equally obvious direct in addition to indirect costs. Some of the reason this discrepancy is important is that a conclusion should not depend on the nominal sum of the costs, but instead on the present value of the costs. A dollar now has more value than a dollar one year from now; revenue today is more imperative revenue one year in the future. The pertinent interest rate or discount rate is the businesses marginal cost of capital conforming to a level of risk corresponding with the venture. Consider a small business is planning on applying a new billing system. The key components of the system will be: software, hardware, preliminary training, additional transition costs, successive software upgrades, subsequent training, constant operations and maintenance. It has zero salvage. The billing system is anticipated to last 3 years. The businesses investment company advises that the forward–thinking cost of principal is 15%. The calculations in the table assume initial purchase at time zero, and that other cash transpire at the middle of the year specifically, cash outlays for year 1 are ... Get more on HelpWriting.net ...
  • 35. Caribbean Internet Cafe 1 Caribbean Internet CafГ© Performance Management and Control, ACC 287.5 David E. Platt, Ph.D. Caribbean Internet CafГ© Primary Case–Study Objectives 2 пЃµ пЃµ пЃµ Observe the diversity of business measurement issues. Introduce fundamental costing issues. Identify strategic and non–financial issues that are critical for decision making. Caribbean Internet CafГ© Cost Summary 3 пЃµ
  • 36. Here is a listing of costs to be incurred (pg. 3–4). How can we organize this data in a useful way? Equipment Waiter–tutors Manager Building lease Utilities Utility deposit Internet link Internet service Insurance Advertising, mktg, promo Pre–opening advertising Other up–front costs Miscellaneous admin/main Usage Qty Unit from Exhibit 1 180 hrs/wk 1 per month 1 ... Show more content on Helpwriting.net ... Jamaica $ One–Time Costs Utility deposit Pre–opening advertising Other up–front costs Total Least Most пЃµ
  • 37. J$ J$ 7,000 20,000 120,000 147,000 Fixed Costs Waiter–tutors J$ Advertising, mktg, promo J$ Miscellaneous admin/main J$ Utilities J$ Insurance J$ Manager J$ Internet link J$ Building lease J$ * Loan interest J$ 40 10,000 50,000 15,000 10,000 40,000 10,000
  • 38. 30,000 1,250,000 Cost Unit per hour (x 180 x 52) per month per month per month per month per month per month per month at 10% "concessionary rate" What about investment in equipment? Annualized J$ J$ J$ J$ J$ J$ J$ J$ J$ 374,400 120,000 600,000 180,000 120,000 480,000 120,000 360,000 125,000 Caribbean Internet CafГ© Fixed Costs
  • 39. 6 пЃµ Depreciation is annual fixed cost. Investment General equipment Hardware and software Furniture and artwork China and flowers Total (exhibit 1) J$ J$ Jamaica $ Fixed Costs Waiter–tutors Advertising, mktg, promo Miscellaneous admin/main Utilities Insurance Manager Internet link Building lease * Loan interest ** Depreciation Total J$40 J$10,000 J$50,000 J$15,000 J$10,000
  • 40. J$40,000 J$10,000 J$30,000 J$1,250,000 Est 'd Life (yrs) 573,250 407,750 340,000 105,000 1,426,000 Annualized 5 J$ 3 10 2 J$ Cost Unit per hour (x 180 x 52) per month per month per month per month per month per month per month at 10% "concessionary rate" from above 114,650 135,917 34,000 52,500 337,067 Annualized 374,400 120,000 600,000
  • 42. Variable Effect Model And Random Impacts Model ОІ and ОІ^* represent the results of fixed effect model and random effected model. var(ОІ)–Var(ОІ^*) is the difference of covariance matrix inn two results as above. When ОІ=ОІ^*, w=0; when ОІв‰ ОІ^*, wпјћ0 Therefore, Hausman test is W~X^2 (k) The k represents number of explanatory variables. If significance level is О±, WпјњX_О±^2(k), it is said to choose the random effect model, the other is vice versa. Now referring to our study, The comprehensive performance P is гЂ–y гЂ—_it, X_it shows different variables of ownership structure, Ој_it represents error term. Confirmatory factor analysis: "Confirmatory factor analysis is a type of structural equation modeling that deals specifically with measurement models, that is, the relationship between observed ... Show more content on Helpwriting.net ... Scholars are often used to measure the performance of indicators including ROE and s ' Q Tobin, ROE is the net assets yield; Tobin 's Q (= the market value of the company / asset replacement cost) is used by foreign scholars of the index, the index is reverse (Chen Goh, 2005). Referring to the market value of a company, because of the special nature of the securities market and the ownership structure of the commercial banks, the domestic scholars generally not used. And just use these two single indicators not fully reflect the business objectives of the commercial banks' needs, nor it is suitable for the measurement of the operational performance of China 's commercial banks. This paper uses commercial banks ' net assets yield (X1), earnings per share (X2), liquidity ratio (X3), loan to deposit ratio (x4), non–performing loan ratio (x5), the capital adequacy ratio (x6), the main business income growth rate (X7), net profit growth rate (x8), total assets growth rate (x9), nine specific indicators to measure explained variables, which as the comprehensive performance of the commercial banks. Because the four aspects of the nine indicators were reflected in the executive level of financial banks "profitability", "liquidity", "debt paying ability" and "growth" and on the performance of commercial ... Get more on HelpWriting.net ...
  • 43. Snap Fitness Essay Snap Fitness ACC/566 July 16, 2012 David Kochevar Snap Fitness Executive Summary Owning a business is a dream for many people and one way to obtain that dream is to take advantage of a franchise opportunity. Work–out centers are a rapidly growing business. "Economically, the health club industry has proven to be recession–proof, averaging an 8% annual growth rate since the early 1990's across all health clubs and gyms"(Snap Fitness, 2012). The following paper will reflect information concerning owning a fitness center and benefits to an individual who seeks to own a business in this industry. Individuals across the country who want to be fit often join fitness centers and most people want a no commitment month to ... Show more content on Helpwriting.net ... The newspaper theory was used to complete the sales data, but this data point should be considered a soft number as it is based off of a newspaper assumption. Break–even analysis uses the formula of Sales = Variablecosts + Fixed costs + Net income (Kimmel, Weygandt, & Kieso, 2009). |Sales = |Variable costs + |Fixed costs + |Net income + | |$7,800 = |$1,800 |$6,000 |$0 | Monthly Sales Snap Fitness is only able to be successful and profitable as a company if they set their monthly sales goals to achieve. The set monthly sales goals are crucially needed to be set to insure the company's has the ability to barometer to gauge. This will allow the Snap Fitness to verify cash flow and meet all of the company's financial obligations. Snap Fitness is also able to use the information to verify the sales team is meeting their individual and team goals and performance levels. Snap fitness is required to meet $17, 800 in monthly sales to meet the target net income of $10,000. Income amount of $10,000 will insure Snap Fitness will be able to make a profit for the investors and cover costs. For the sales team to make $17,800 they will need to sign–up additional 685 new members. The required sales to meet the $10,000 goal the Target net income
  • 44. ... Get more on HelpWriting.net ...
  • 45. Total Cost Of Ownership Is The Purchase Price Of An Asset Total Cost of Ownership is the purchase price of an asset along with the costs to operate it. TCO started to become more known in the eighties when software and IT expenses started to be involved with maintain an asset. Purchasers and business owners realized there was a different in purchase price and the real cost of an asset purchase. When making purchasing decisions it is always best for the decision maker to look at the TCO and not just the initial cost of an asset. Total cost of ownership is also taken into consideration when making an investment. Things outside of the initial purchase or investment that affect the TCO are direct and indirect expenses. Many factors come into play when documenting indirect expenses. These expenses can be broken down into different costs that add up to the total cost of ownership. In the following paragraphs, I am going to cover the different expenses to take in the consideration when looking at the total cost of ownership for the life cycle of an asset. Buyers, acquisition managers, and business owners all need to consider the TCO when making smart purchasing decisions. Total cost of ownership has helped many businesses make wiser purchasing decisions. When calculating the total cost of ownership of an asset, the life cycle of the asset must be taken into consideration. During that life cycle, the asset will start to depreciate. The depreciation expense varies from asset to asset. The value of the asset is reported lower and lower ... Get more on HelpWriting.net ...
  • 46. Reliance Digital Case Study INTRODUCTION: Reliance Digital is a leading retail outlet in electronic products. Reliance Digital sells over 150 national and international brands with over 4000 products. It is one of the leading electronic outlet in India with good quality products as well as good quality customer service and satisfaction. A very unique feature of Reliance Digital is 'RESQ'. RESQ consists of a post sales service and advisory team who provide product lifecycle customer support. It also follows value for money concept, which gives the best value for money in terms of Total Cost of Ownership. Total Cost of Ownership is a financial estimate to help owners determine the direct and indirect costs of a product. When a customer buys a product he/she pay more than the price in which the dealer buys the product. Reliance Digital takes the value for money concept ... Show more content on Helpwriting.net ... The costing methods taken up by Reliance Digital is Operating costing and Operations costing. Operating Costing: These are the expenses related to operations of a business or device. Cost of resources used by the company to maintain its existence. Reliance Digital deals with various kinds of electronic devices. To run the business and maintain its status it needs to maintain good quality in its products as well as service. It incurs various costs in maintenance of its products as well as providing quality service to its customers while selling a product and also after selling the product. Operations Costing: This type of costing method is used when there is a operation carried out in different stages and not the process. In reliance digital operations start from the initial booking that takes place from the customers end through the process of carrying out that booking and completing the order on time. The company incurs many costs in the entire operation. Multiple ... Get more on HelpWriting.net ...
  • 47. Business Case Template Please provide a professional looking document that includes the following 1.Project name– Please come out with a name for your project. 2.Project team– at this point you should have your project team in place. Be sure to identify your team by its name and list all team members. 3.Project description –provide a brief description of the project. A project description should be written so that anyone unfamiliar with the project can read and understand what the project is about. Include a brief description of the organisation and the problem or opportunity that led to initiating the project. 4.Measurable organisational value (MOV) – The MOV is the goal of the project and is used to define the value that your project will bring to ... Show more content on Helpwriting.net ... Setting the time frame for achieving the MOV can be determined by asking the question – when do we want to achieve this target metric? e.Summarize the MOV in a clear, concise statement or table – Once the area of impact, value, metrics, and timeframe are agreed on, the MOV should be summarized so that it can be clearly communicated to all of the project stakeholders. The MOV can be summarised in a statement: This project will be successful if _______? On the other hand, a table format may be more appropriate for summarizing the MOV if it has a growth component over two or more time periods .Keep in mind that the MOV should tell everyone what the project will achieve, not how it will be achieved .The MOV should focus on the organisation, not the technology that will be used to build or support the system the information system. 5.Comparison of alternatives –To keep things simple, you may consider three alternatives for your presentation; maintain the status quo (do nothing), purchase a software package, or build a custom system. Using the web or library, determine whether any software packages currently exist that you think may support the expected requirements. If more than one exists, then select one that you feel may be the best option for your client. Compare each of the alternatives based on the following criteria a.Total cost of ownership(TCO) This can be only a rough estimate at this time. ... Get more on HelpWriting.net ...
  • 48. Tco-Happyland Construction Essay Module 2 Session 5 Make or Buy: TCO Analysis Happyland Construction Inc. Case Instructor: Nikki Raycraft By: Choaa Awad OIPMAC ID#:10041436 Executive Summary: Happyland Construction is expanding and growing its operations. There is a need to make a huge capital investment in purchasing a crane necessary for its operations in the next ten years. GargantuLift 6000 crane model produced by Mega Corporation is recommended by engineering, maintenance, finance, purchasing, and management staff. Top management needs to decide which is more financially sound: to buy the crane or subcontract (lease) it from Digger Construction. According to the figures presented by the chief purchasing officer based on the research done by one of his ... Show more content on Helpwriting.net ... The strategic decision will be made during a meeting between the CEO, the purchasing manager, and the finance director. Systematic Issues: –A major decision will be made to invest in the crane for the next 10 years.Happyland management needs to be sure that the company will have enough projects and resources to pay for this capital investment. –The accounting system at Happyland depreciates assets over a 5 year period. There should be a special adjustment done to record the acquisition of the Gargantulift 6000 crane be it either bought or leased. This asset should be accounted for over a 10 years period and not five. Qualitative Analysis: Happyland has grown over the last few years and became a world leader in the design and construction of oil shale plants. The company is building a new plant and in need to acquire a huge lift crane to support its operations at the new facilities. There is consent among all the technical, engineering, and administrative sections about the crane brand name and model and the period of time the
  • 49. crane is needed. The huge price for the crane makes it crucial for senior management to make the right decision whether to buy the crane directly from the manufacturer or subcontract it from another company over a 10 year plan. The purchasing section prepared a detailed list of the total cost of ownership of the crane for 10 years.Also, the costs involved in leasing the crane were ... Get more on HelpWriting.net ...
  • 50. Netw250 Course Project Pbx Proposal Company IP PBX Proposal Alexander Ballete DeVry University Author Note This paper was prepared for NETW250 taught by Professor Allison Rubenstein Course Project Introduction The goal of this document is to come up with a proposal for the company IP PBX system. In this proposal I will introduce several different Voice over IP vendors, each fully qualified to becoming our company's new IP PBX system. Only one of the vendors will be selected based on the criteria laid out by the Chief Information Officer. The vendors I will be evaluating are Avaya, Genesys, Interactive Intelligence, Mitel, and Siemens. As I mentioned earlier, each one of these vendors are fully qualified to becoming our company's new IP PBX system but only one ... Show more content on Helpwriting.net ... This includes email, chat, voice mail, IVR, outbound dial, CTI integration, URL browsing, and CRM support. Genesys scores very high marks on email, chat, voice mail, IVR, and URL browsing. IVR or interactive voice response is a system that interacts with callers to gather information and to route calls to specific employees or agents. The Genesys reports that their IVR system can improve customer experience by reducing live agent calls by 80%, increase automation rate by 10% with 1.5 million saved annually, and decrease agent talk time by 40% with their "intelligent" IVR system. The Genesys IVR system comparable to the Mitel and Siemens IVR systems, which also scored high marks as well however Genesys edges out the other two in the other categories. Computer telephony integration is feature that is also very important for the IP PBX system to support. CTI allows employees or agents to use their computer to initiate and manage calls. It also allows the computer to direct calls to the right department. The Genesys SoundBite CTI Connect platform has several features to help call center agent be productive at the workplace. Some of these features include screen pops, intelligent call routing, and dynamic call pacing into the contact ... Get more on HelpWriting.net ...
  • 51. Course Project – Sai Toys Essay A Review of the IT System Course Project – SAI Toys A Review of the IT System Executive Summary The overview for SAI Toys is the company sells are manufactured in–house and shipped to brick–and–mortar retailers, such as Best Buy and Target, as well as e–Commerce only sites, such as ThinkGeek.com and Buy.com. The company has no direct interaction with the final purchasers (individuals) of their products other than through warranty service. SAI Toys is one of the leading manufacturers of products for Gifted Electrical Engineering Kids (GEEKs). SAI Toys consists of four distinct IT systems. They are Public Website, Manufacturing Support System (MSS), Human Resources System (HRS), and Sales and Marketing System (SMS). Public Website... Show more content on Helpwriting.net ... The Threats of SAI Toys are: Loss of market share, Major competitors integrating vertically and selling direct, and Changing technology requiring escalating engineering costs (Butcher, 2011). The Competitive Strategy Analysis is the second basis analysis technique to help us to have an overview of the company and its environment. SAI cannot afford the possibility of IT system failure given the highly competitive market in which they operate. New product design, manufacture, and marketing require that their IT system be fully functional 24/7 with no downtime. To sustain growth and revenue and stay ahead of potential competition SAI Toys will need to invest heavily in Research and Development (R&D) on an ongoing basis (Butcher, 2011). This will include further investment in hiring skilled engineering personnel. Because SAI Toys creates unique products which may exclusively dominate a small segment of the market from which all of its revenue is derived, the introduction into the market of a competitor's similar product with enhanced features and lower retail pricing may severely impact SAI Toys ability to generate sales and revenue (Butcher, 2011). Swimlanes Diagram: AS–IS Diagram Overview of Recommended System The various systems currently in place will be replaced or integrated into the new system. Assuming that SAI Toys has elected to develop an ... Get more on HelpWriting.net ...
  • 52. Summary: Gigatech GigaTech will be renting an office space in Newport News, Virginia. It will cost the company $2,700 per month to rent out a 3,842 square –foot office. It will also pay $210 for utilities such as electric, water, gas, and sewer. In order to form our Limited Liability Company, we are responsible for paying a LLC formation expense of $200. We also need to obtain a software license, which costs $170. To create an Apple app, we must also create an Apple account and pay $99 each year. An estimate of $300 is needed to trademark our company as well. Our company will also be paying $800 every month for internet expenses. Attorney fees will cost $1,220 a month based on one four hour meeting a month at $305. In addition to the administration costs, our company will need to purchase all office equipment, office supplies, and bathroom supplies. We plan on spending $17,483 within the first year and purchasing these items from Staples, Walmart, or online. Our company will be providing health insurance to all the employees, which will cost approximately $228,000 per year in total. The ... Show more content on Helpwriting.net ... We also have $260,400 in prepaid expenses, including prepaid health insurance, which totals $228,000 and prepaid rent, which totals $32,400 for the first year. This totals $1,260,400 in current assets. We also have fixed assets totaling $27,852. These assets include office equipment, licensing and membership expenses, and LLC and trademark expenses. Our total assets for our first year would be $1,288,252. For liabilities, we have $670,000 in wages payable that are already set aside for the first year, and we have set aside $60,300 for employee benefits, which can include money for signing bonuses, sick days, vacation days, etc. This totals $730,300, which leaves us with $557,952 in retained earnings. Adding up our liabilities and retained earnings (our owners equity) we would get a total of ... Get more on HelpWriting.net ...
  • 53. ACC 281 week 5 post assessment Essay example 1. A company's ending accounts receivable balance and the period's advertising expense would be found on which financial statements, respectively balance sheet and income statement (Yes. Accounts receivable will be on the balance sheet and the advertising expenses on the income statement) 2. How does financial accounting differ from managerial accounting managerial accounting deals with internal reporting and financial deals with internal reporting (Yes. Managerial accounting deals with internal reporting and financial accounting deals with external entities) 3. What calculation would you use to determine the net income Revenues minus expenses equal net income. (Yes. Net Income = revenues – expenses) 4. Your healthcare... Show more content on Helpwriting.net ... Regulations and Rules in the Accounting Practice: There are basic accounting rules that all organizations must follow. The purpose of these rules is to make sure that sound accounting principles are being followed. There are private entity rules and governmental entity rules. Which of the following acronym would best describe these regulations and rules GAAP Generally Accepted Accounting Principles FASB Financial Accounting Standards Board GASB Governmental Accounting Standards Board (Yes. The correct acronyms are GAAP Generally Accepted Accounting Principles; FASB Financial Accounting Standards Board; GASB Governmental Accounting Standards Board 10. Determining which type of organization to form can take some time to figure it out and can be based on your preferences. Why do many health organizations choose the corporate structure both a and b (Yes. The corporate structure provides for limited liability and ease of transferring ownership.) 11. Which type of organization divides equity by percentage of ownership partnership (Yes. A partnership divides equity by percentage of ownership 12. The Discount on Notes Payable account is associated with a note payable when interest is included in the obligation's face value. (Yes. The discount on notes payable account is associated with a note payable when interest is included in the obligation's face value.) 13. Assume that Robert Conrad, a nurse, worked 45 hours ... Get more on HelpWriting.net ...
  • 54. Total Ownership Costs Total ownership costs Introduction Total ownership cost is a financial estimate whose function is to assist customers as well as organization managers to determine both direct and indirect costs of a system or product (Contract management. 2006). Total ownership costs, as a management accounting concept it is applicable in the full cost accounting. In addition, it is applicable in ecological economics where in includes social costs among other costs. When it comes to manufacturing, total ownership costs goes beyond the initial production cycle time as well as costs to make parts. Total ownership costs include various costs of doing business items such as opportunity costs, ship and re–ship. Moreover, it considers incentives and other variables developed for alternative approaches such as tax credit, expedited delivery, supplier visits and common language among others. Total ownership costs usually provide cost basis, which helps in determining the total economic value of a certain investment. Examples include economic value added, rapid economic justification, return on investment and internal rate of return. Analysis of the total cost of ownership includes operating costs as well as total costs of acquisition (Contract management. 2006). This analysis helps in gauging the viability of any capital investment in an organization. An organization may use the analysis as a comparison tool for its products. Total ownership costs relate directly to the organization's ... Get more on HelpWriting.net ...
  • 55. The Concept Of Total Cost Of Ownership Or Tco Introduction: The concept of total cost of ownership or TCO (Cavinato 1991, 1992), life cycle costing (Jackson and Ostrom 1980), product life cycle costs (Shields and Young 1991), and total cost of (Ellram and Siferd 1993) are all related. There is no unique definition of TCO, since the meaning of TCO is dependent on individual and function of organization (Ellram, 1994). TCO concept suggests that supply managers adopt a long–term perspective, rather than short–term, for accurate evaluation of buying conditions. Three ideas formulate procurement functions: 1)Cost must be examined from a long–term perspective and include costs other than initial purchase price. 2)Consider the impact of other business functions related to a specific purchase. 3)Understand & measure, the impact of "non–value added" costs like service costs, failure costs, administrative costs, and maintenance (Ellram, 1994) associated with the purchase. Depending on the goals of the project, a TCO analysis supports decisions on operational, tactical, or strategic level. Today, TCO analysis is used to support acquisition and planning decisions for a wide range of assets that bring significant maintenance or operating costs across ownership life. Total cost of ownership (TCO) analysis is centre stage when management is faced with acquisition decisions for computing systems, vehicles, buildings, laboratory equipment, medical equipment, factory machines etc. TCO analysis for these kinds of assets is in ... Get more on HelpWriting.net ...