JointsOrtho is considering expanding by opening a new manufacturing plant. They plan to manufacture and sell full hip replacements, targeting sales of 1,000-1,200 hips per month. The financial analysis examines the costs of opening a new plant, including buying a 41,000 square foot facility, hiring new employees, and manufacturing costs. It calculates the net present value, internal rate of return, and break-even point over 12 months to determine if the project will be profitable. The analysis finds an opportunity cost savings of $3.2 million from buying rather than leasing the new facility. It also outlines risks such as ensuring distribution and consumer acceptance of the new hip replacements.
The document discusses the relationship between financial management practices and organizational performance. It examines several key financial management practices including capital structure decision, investment appraisal techniques, dividend policy, working capital management, and financial performance assessment. It suggests that properly implementing these practices, such as ensuring an appropriate debt-equity ratio and internal rate of return on investments, can help improve an organization's performance and profitability. While more research is still needed, some studies indicate a positive relationship between effective financial management and better access to outside financing and capital structure.
1. The document provides examples of time value of money problems involving present value, future value, interest rates, and number of periods calculations. It gives the calculations for various cash flows received or paid in different periods with different interest rates.
2. It includes problems calculating NPV for projects such as factories, machines, and ships where the cash flows include costs, revenues, operating costs, refit costs, and salvage value over multiple periods.
3. The last examples calculate the amount of annual savings needed to buy a boat in 5 years and the annual annuity payment an individual can expect based on investing a present value over their life expectancy.
Kurzweil 3000 is assistive technology software that provides text-to-speech and other learning tools to benefit students with disabilities or special needs. It supports universal design for learning and response to intervention. A 2006-2007 study of 27 special education students using Kurzweil 3000 found that over 75% of students and teachers surveyed felt it helped students with homework, understanding textbooks, and working independently. Kurzweil 3000 is available in professional and learnstation editions and can be used by individuals or on a school network.
This report analyzed an area in Lagos, Nigeria to determine the best location for a new office branch for USA Selling Bicycles. After examining population characteristics, income levels, and retail markets, the manager concluded that Obalende Supermarket Mall in Lagos City is a rapidly growing shopping center that attracts both civilians and military personnel. Purchasing a site near this shopping mall would provide the best opportunity for a profitable operation selling USA bicycles in Nigeria. Key factors in selecting Lagos included the city's large population, status as Nigeria's business hub, and the manager's personal and family connections to the country.
The final regulations related to capitalizing expenses for repair and maintenance of tangible property, known as the "Repair Regs", have caused confusion over their implementation. Under the regulations, costs that were previously deductible expenses may now need to be capitalized and deducted over multiple years. This change affects Internal Revenue Code sections 263 and 162. Section 263 outlines costs that cannot be expensed, while section 162 allows the deduction of ordinary and necessary business expenses. The regulations have introduced more complexity around distinguishing between repairs and improvements.
This document analyzes predictions for the future of five dimensions: social, technological, economic, environmental, and political. Some key predictions include:
- Privacy will continue declining with increased surveillance affecting online businesses.
- Wearable technology will advance to include health-focused devices like robotic suits. This growing market will generate billions in revenue.
- A two-class system will emerge with a shrinking middle class as income inequality worsens, affecting workers and the financial industry.
- Water scarcity will impact utility companies and food/beverage industries as infrastructure ages and demand rises, posing financial risks.
- Internal divisions within the Republican party between the Tea Party and conservatives could weaken the party's political influence.
Calaméo - Essay on Body Image: Tips and Guidelines to Make It Great. Body Image Essay | Essay on Body Image for Students and Children in .... Argumentative Essay on Body Image | English - Year 11 SACE | Thinkswap. Essay of body image - The Media and Body Image | Teen Ink. Fantastic Body Image Essay ~ Thatsnotus. Personal Body Image Essay Example | Topics and Well Written Essays .... Aspects Involved in the Development of Adolescent Body Image Essay .... Essay on body image - Academic Writing Help – Advantageous Help for .... Body image essay - thesisukm.web.fc2.com. [BKEYWORD-0-3]. Research Paper On Body Image — Introduction. Writing an Essay: The Body - YouTube. Scholarship Essay: How to write a body paragraph for a narrative essay. Argumentative essay about body image : Buy A Essay For Cheap : spd-alzey.de. ⭐ Body of essay example. How to Write a Strong Essay Body. 2019-01-13. FREE 16+ Sample Essay Templates in PDF. ️ Reflective essay on body image. Use This Reflective Essay Outline to .... How to Write an Essay Body Paragraph - YouTube. Body Of An Essay Example. Expository essay: Essay on body language. Writing the Body Paragraphs for Your Essay. PPT - The Illustration/Example Classification Essay PowerPoint .... How To Write An Essay Fast: Ultimate Guide To Last Minute Essay Writing. The Problem With Body Shaming - Free Essay Example - 2291 Words .... Teaching the Three-body Paragraph Narrative Essay - eNotes.com. Literary Essay Body Paragraphs - YouTube. 015 Essay Body Paragraph Example Conclusion For Gse Bookbinder Co .... PPT - Essay Writing PowerPoint Presentation, free download - ID:4183435. Impressive Body Of An Essay ~ Thatsnotus.
The major factors driving its growth include surge in consumption of PET plastic, requirement of EO derivatives for wet and dry processing of fibers and fabrics, increasing usage of resins and polyester fibers and improvement in the consumption of antifreeze. Development of the MR2000 catalyst by the Dow Chemical Company in collaboration with the PETRONAS in 2019, has significantly aided to reduce CO2 generation and energy consumption, and hence has enabled more efficient and sustainable Ethylene Oxide (EO) production.
The document discusses the relationship between financial management practices and organizational performance. It examines several key financial management practices including capital structure decision, investment appraisal techniques, dividend policy, working capital management, and financial performance assessment. It suggests that properly implementing these practices, such as ensuring an appropriate debt-equity ratio and internal rate of return on investments, can help improve an organization's performance and profitability. While more research is still needed, some studies indicate a positive relationship between effective financial management and better access to outside financing and capital structure.
1. The document provides examples of time value of money problems involving present value, future value, interest rates, and number of periods calculations. It gives the calculations for various cash flows received or paid in different periods with different interest rates.
2. It includes problems calculating NPV for projects such as factories, machines, and ships where the cash flows include costs, revenues, operating costs, refit costs, and salvage value over multiple periods.
3. The last examples calculate the amount of annual savings needed to buy a boat in 5 years and the annual annuity payment an individual can expect based on investing a present value over their life expectancy.
Kurzweil 3000 is assistive technology software that provides text-to-speech and other learning tools to benefit students with disabilities or special needs. It supports universal design for learning and response to intervention. A 2006-2007 study of 27 special education students using Kurzweil 3000 found that over 75% of students and teachers surveyed felt it helped students with homework, understanding textbooks, and working independently. Kurzweil 3000 is available in professional and learnstation editions and can be used by individuals or on a school network.
This report analyzed an area in Lagos, Nigeria to determine the best location for a new office branch for USA Selling Bicycles. After examining population characteristics, income levels, and retail markets, the manager concluded that Obalende Supermarket Mall in Lagos City is a rapidly growing shopping center that attracts both civilians and military personnel. Purchasing a site near this shopping mall would provide the best opportunity for a profitable operation selling USA bicycles in Nigeria. Key factors in selecting Lagos included the city's large population, status as Nigeria's business hub, and the manager's personal and family connections to the country.
The final regulations related to capitalizing expenses for repair and maintenance of tangible property, known as the "Repair Regs", have caused confusion over their implementation. Under the regulations, costs that were previously deductible expenses may now need to be capitalized and deducted over multiple years. This change affects Internal Revenue Code sections 263 and 162. Section 263 outlines costs that cannot be expensed, while section 162 allows the deduction of ordinary and necessary business expenses. The regulations have introduced more complexity around distinguishing between repairs and improvements.
This document analyzes predictions for the future of five dimensions: social, technological, economic, environmental, and political. Some key predictions include:
- Privacy will continue declining with increased surveillance affecting online businesses.
- Wearable technology will advance to include health-focused devices like robotic suits. This growing market will generate billions in revenue.
- A two-class system will emerge with a shrinking middle class as income inequality worsens, affecting workers and the financial industry.
- Water scarcity will impact utility companies and food/beverage industries as infrastructure ages and demand rises, posing financial risks.
- Internal divisions within the Republican party between the Tea Party and conservatives could weaken the party's political influence.
Calaméo - Essay on Body Image: Tips and Guidelines to Make It Great. Body Image Essay | Essay on Body Image for Students and Children in .... Argumentative Essay on Body Image | English - Year 11 SACE | Thinkswap. Essay of body image - The Media and Body Image | Teen Ink. Fantastic Body Image Essay ~ Thatsnotus. Personal Body Image Essay Example | Topics and Well Written Essays .... Aspects Involved in the Development of Adolescent Body Image Essay .... Essay on body image - Academic Writing Help – Advantageous Help for .... Body image essay - thesisukm.web.fc2.com. [BKEYWORD-0-3]. Research Paper On Body Image — Introduction. Writing an Essay: The Body - YouTube. Scholarship Essay: How to write a body paragraph for a narrative essay. Argumentative essay about body image : Buy A Essay For Cheap : spd-alzey.de. ⭐ Body of essay example. How to Write a Strong Essay Body. 2019-01-13. FREE 16+ Sample Essay Templates in PDF. ️ Reflective essay on body image. Use This Reflective Essay Outline to .... How to Write an Essay Body Paragraph - YouTube. Body Of An Essay Example. Expository essay: Essay on body language. Writing the Body Paragraphs for Your Essay. PPT - The Illustration/Example Classification Essay PowerPoint .... How To Write An Essay Fast: Ultimate Guide To Last Minute Essay Writing. The Problem With Body Shaming - Free Essay Example - 2291 Words .... Teaching the Three-body Paragraph Narrative Essay - eNotes.com. Literary Essay Body Paragraphs - YouTube. 015 Essay Body Paragraph Example Conclusion For Gse Bookbinder Co .... PPT - Essay Writing PowerPoint Presentation, free download - ID:4183435. Impressive Body Of An Essay ~ Thatsnotus.
The major factors driving its growth include surge in consumption of PET plastic, requirement of EO derivatives for wet and dry processing of fibers and fabrics, increasing usage of resins and polyester fibers and improvement in the consumption of antifreeze. Development of the MR2000 catalyst by the Dow Chemical Company in collaboration with the PETRONAS in 2019, has significantly aided to reduce CO2 generation and energy consumption, and hence has enabled more efficient and sustainable Ethylene Oxide (EO) production.
Chapter 51. Your company needs a small front-end loader .docxchristinemaritza
The document discusses the Comprehensive Assessment for Tracking Community Health (CATCH) methods for systematically assessing community health status. CATCH collects over 250 health indicators from multiple sources, compares them to state/peer averages, and prioritizes critical health challenges. It then describes building a data warehouse to automate CATCH reporting and support advanced health care applications. The data warehouse integrates health data from various sources using a 'twin star' data staging approach to ensure quality. It allows production of standard CATCH reports and online analytic processing for deeper issue understanding to aid community health decision-making.
Review Types - Testing Traveler, The Post About Review TypesCharlie Congdon
The document provides instructions for creating an account and submitting a paper writing request on the HelpWriting.net site in 5 steps:
1. Create an account by providing a password and email.
2. Complete a 10-minute order form with instructions, sources, deadline, and attach a sample if wanting the writer to imitate your style.
3. Review bids from writers and choose one based on qualifications, history, and feedback, then pay a deposit to start the assignment.
4. Review the completed paper and authorize final payment if pleased, or request free revisions.
5. Choose HelpWriting.net confidently knowing your needs will be met, and plagiarized work will be ref
This document provides an analysis of an investment opportunity in PROJECT DUTY, a company that provides portable toilet rentals and septic tank cleaning services concentrated in the Bakken oil fields of North Dakota. It finds that PROJECT DUTY benefits from strong population growth and oil industry activity in the region. While there is some risk from customer concentration, expanding into new areas could mitigate this. Financial projections show the potential for profitable growth and returns, especially if revenue increases beyond current levels by expanding service areas.
BUDGET1Operating BudgetMonica AyresHCA 311 Health Ca.docxhartrobert670
BUDGET
1
Operating Budget
Monica Ayres
HCA 311: Health Care Financing and Information Systems
Kevin Hayes
July 13, 2015
Operating Budget
Before the manager or board accept the proposal for capital investment, there are a number of factors they should consider. The first factor to consider is the community need requirements (Herkimer, 1986). The health care needs of the community must be identified an then the capital investments selected which will best serve this need. In fact there is no use in internally selecting a capital project which management thinks the community needs, then trying to convince the citizenry that they need.
From the case provided, it is apparent that the move to expand the operations of the company is motivated by the fact that the company has not embarked on any serious capital investment plan for a period spanning over 6 years. This is a weak factor because it clearly indicates that the community need is not the main issue. The case further indicates that the company is facing severe competition from its rival in the Health Care market. This implies that the products are available from different and that there community members can still get products if they want from the competitors. Expanding is not a solution to this issue. In fact, if competition is what is forcing the company to seek plans to expand, then the manager or the board is less likely to accept the proposal.
Another factor to consider is marketability of the proposal (Herkimer, 1986). Based on the case provided, it is clear that there are many competitors in the market. Interestingly, the proposal intends to expand the enterprise so that the number of products produced increases. This is ridiculous because there is no need to increase the amount of products produced when it is clear that there are many competitors in the market. In fact, what the company should have done instead was to invest on technology to reduce the cost of production and hence lower the prices. This could enable the company compete well with competitors. Consequently, as far as marketability of proposed changes is concerned, the proposal is not strong.
The last factor to consider is urgency (Herkimer, 1986). Based on the case, there is no argument made to show that there is urgency or that the community needs the changes to be implemented urgently. This means that as far as urgency is concerned, the capital investment is not viable.
Reference
Top of Form
Herkimer, A. G. (1986). Understanding hospital financial management. Rockville, Md: Aspen Publishers.
Bottom of Form
CAPITAL INVESTMENT
1
Capital Investment Plan
Monica Ayres
HCA 311: Health Care Financing & Information Systems
Kevin Hayes
July 6, 2015
Capital Investment Plan
Abble Inc. is planning to undertake an expansionary Capital Investment process that will see the company’s operations and proceeds double hence cushioning the company’s going concern basis. The move to expand the operations of the company is ...
This document brings together a set
of latest data points and publicly
available information relevant for
Utilities Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
Here are short answers to the questions:
1. Phillip stayed with Stew Cat for company whenever he didn't want to talk to Timothy or became mad at him. Phillip saw Stew Cat as a friend he cared for.
2. Originally, Timothy believed cats were bad luck. However, he grew fond of Stew Cat and saw the cat as a companion for Phillip.
Q.2 With sometimes not wanting to talk to Timothy, Phillip stayed with Stew Cat for company.
Whenever Timothy would set out somewhere or Phillip would become mad at the black man, he
would always have the chef s cat to reassure him. Phillip saw the cat as a friend he cared for didn t
want to lose. On the other
1PAGE Table of Contents1Introduction2Discussion (Week 8.docxfelicidaddinwoodie
1
PAGE
Table of Contents
1Introduction
2Discussion (Week 8)
2Decision to be Made
2Stakeholders
4Conclusion
5Discussion (Week 9)
5States of Nature
8Decision Tree
9Conclusion
10References
This week’s paper identifies an important decision I have to make in my Company. This is a group decision that involves the provision of a comprehensive enterprise resource planning technological system for our operations.
Introduction
Decision-making is an essential element in any society; determining specific actions people take to achieve progress. Moreover, it is always important for individuals with the responsibility to make critical decisions to understand the effects they are likely to have when applied in different contexts. Thus, they have to understand the environment in which the decisions they make will be implemented and the effects they are expected to have to all stakeholders. Furthermore, the level of involvement of various parties has to be considered before choices are made by an individual because this will determine how a decision will be received (Adair, 2013). In this paper, an important decision that needs to be made will be discussed in several steps, showing its consequences to various people it targets.
Discussion (Week 8)
Decision to be Made
The company needs a comprehensive enterprise resource planning technological system to make its operations more efficient. In effect, the information technology manager has been assigned the process to search for different vendors who will undergo a competitive bidding process. After the process is finalized, the winner will be given the task of developing and implementing an ERP system, which is customized to conform to the company’s needs (Adair, 2013). Crucially,
the firm is a mid-sized enterprise with a staff of about 250 employees working in various departments. Therefore, the decision made affects all functions in the business because it will determine the nature of results it is likely to attain from various activities. Moreover, some employees do not have the technical skills required to operate the system which is likely to affect how it will be implemented in the firm. Consequently, all stakeholders have to be involved in the decision-making process to enable the company to realize all objectives it has set in the industry (Adair, 2013). Stakeholders
There are different stakeholders involved in the process to ensure that when the system is implemented, it addresses all relevant organizational needs. Firstly, managers of various departments will liaise with the IT manager and propose the format the system will run on to ensure it enhances the organization’s capacity. Critically, they will be involved in developing a budget to ensure all costs are assessed effectively before the system begins to operate. Moreover, employees will be encouraged to share their views about the role they can play after some of its important functions are automated (Adair, 2013). Furthermore, it is als ...
Innergex Renewable Energy Inc. is a leading Canadian producer of renewable energy from hydroelectric, wind and solar sources. It operates 33 facilities across Canada and the US with a total capacity of 687MW. The company has experienced steady growth in recent years. Recommendations for Innergex include expanding into new international markets with growth in renewable energy, increasing marketing efforts, and investing more in solar energy. Innergex is well positioned for continued success due to Canada's natural resources and growing demand for renewable energy.
This document highlights the expertise, education, and experience of Modupe (Maria) Sarratt for administrative support and healthcare assistant roles. She has over 5 years of healthcare experience and 10 years of administrative experience. Her skills include medical terminology, patient care, data entry, Microsoft Office, and communication. She has a Bachelor's degree in Psychology and a Master's in Healthcare Administration from University of Maryland University College.
This document provides instructions for initiating intravenous (IV) infusion and initiating a saline lock. It describes how IV therapy can help casualties by replacing fluid losses from hemorrhage, dehydration, or burns. Complications like infiltration and air embolism are risks if not done carefully. The document then provides step-by-step instructions for setting up IV equipment, selecting and preparing the infusion site, inserting the IV catheter, and initiating a saline lock when continuous infusion is not needed. Maintaining sterility and avoiding air in the line are emphasized.
The document provides a summary of skills and experience for a job or partnership. It lists communication skills, attention to detail, assertiveness, innovation, negotiation, decision making, leadership, goal setting, time management, customer service and problem solving. It then lists some perceived weaknesses and how they could be strengths, such as using stubbornness for persistence. It provides examples of work experiences including advocating for patient expectations, finding solutions through shared responsibilities, and ensuring quality service through leadership and satisfying patients. It emphasizes the importance of collaboration and good customer service through negotiated agreements.
False accusation of plagiarism by professor discriminationModupe Sarratt
Unforgettable higher education injustice
I considered the accusation of plagiarism is an unforgettable injustice to any foreign origin as well as the lack of career readiness for job placement as an injustice to the college graduates.
In my experience of false accusation of plagiarism is by discrimination due to my national origin as foreign students to share my experience in English class. In all my endeavors I am proud of myself for working hard to earn an “A” for grade is what I cherished to go forward to do better because I was lucky that the plagiarism accusation is discrimination for demotion or reduction of my grade from A to D to end up with an associate degree in medical assisting with GPA 3.15. As a result of the experience, I took the opportunity to prove myself with pursuing a bachelor degree in psychology to take college writing for researching with GPA 3.25 in Psychology. Then progress to earn my master degree in healthcare administration with GPA 3.75
Although I love Anne Arundel College, however, the experiences of false accusation of plagiarisms feel as discrimination to hamper/hinder my progress for higher education. I do wish that the rule or the policy is being evaluated to be fair so that some student will not feel as if they are the target for plagiarism due to their national origin.
Presentation of intravalley health for patient experience & satisfaction surveysModupe Sarratt
Intravalley Health strives to provide quality care for patients but faces challenges in measuring patient experience and satisfaction. Regulations from CMS, HIPAA, and ACA dictate medical procedures and policies that can negatively impact the patient experience by being too rigid. For example, a patient was denied a prescription refill due to missing a follow-up appointment, though she felt no additional care was needed. To improve care, Intravalley Health must understand how regulations influence patient experiences and make policies more flexible to accommodate patient needs.
The document highlights the expertise, education, and experience of an individual with skills in administrative support, healthcare assistance, technical office operations, and customer service. Their experience includes over 5 years working in healthcare settings and over 10 years in administrative roles. They have a Bachelor's degree in Psychology and a Master's degree in Healthcare Administration. Their competencies include multi-tasking, creativity, communication, attention to detail, computer skills, and leadership abilities. They also have several certifications in medical fields such as medical assisting and coding.
Dr. Y misdiagnosed and overprescribed medication to Patient X, which led to their death from a heart attack. This was a case of medical malpractice and unintentional tort. Patient X's family could sue Dr. Y for negligence, having to prove that Dr. Y deviated from the standard of care by misreading the medication instructions and that this caused Patient X's death. Healthcare ethics principles of autonomy, beneficence and non-maleficence were violated. Providers must respect patient autonomy, act in their best interest, and do no harm. Ongoing training in healthcare ethics is important to avoid such violations and ensure principles of justice, respect and fairness are followed.
HCAD 650 group 2 project oral presentation for the role of a compliance offi...Modupe Sarratt
This document summarizes a group project presentation on healthcare compliance laws that was never actually presented. It introduces four speakers who were each assigned topics on compliance officer duties, the Stark Law and Anti-Kickback Statute, corporate integrity agreements and compensation agreements, and how these laws aim to resolve false claims act issues. The document provides details on the assigned topics for each speaker in slide format.
The candidate summarizes their qualifications for the position in 3 sentences or less, including highlighting their strong communication skills, problem-solving abilities, organizational skills, customer service experience, knowledge of office software like MS Office and Google Workspace, and ability to perform clerical duties accurately and efficiently. They list their educational achievements and certifications in various medical fields. Finally, they emphasize their diverse skillset including skills in accounting, customer service, typing, filing, and communication.
This document provides guidance on performing a head-to-toe assessment, including necessary equipment, safety goals, examination technique, and palpation methods. The key equipment needed are a stethoscope, blood pressure cuff, watch, and pen light. Safety goals include patient identification, communication, standard precautions, and medication alerts. Region-based examination minimizes position changes. A combination stethoscope allows auscultation of high and low pitched sounds. Palpation is best with the back of the hand for temperature, balls of hands for vibration, and finger pads for pulsation.
Chapter 51. Your company needs a small front-end loader .docxchristinemaritza
The document discusses the Comprehensive Assessment for Tracking Community Health (CATCH) methods for systematically assessing community health status. CATCH collects over 250 health indicators from multiple sources, compares them to state/peer averages, and prioritizes critical health challenges. It then describes building a data warehouse to automate CATCH reporting and support advanced health care applications. The data warehouse integrates health data from various sources using a 'twin star' data staging approach to ensure quality. It allows production of standard CATCH reports and online analytic processing for deeper issue understanding to aid community health decision-making.
Review Types - Testing Traveler, The Post About Review TypesCharlie Congdon
The document provides instructions for creating an account and submitting a paper writing request on the HelpWriting.net site in 5 steps:
1. Create an account by providing a password and email.
2. Complete a 10-minute order form with instructions, sources, deadline, and attach a sample if wanting the writer to imitate your style.
3. Review bids from writers and choose one based on qualifications, history, and feedback, then pay a deposit to start the assignment.
4. Review the completed paper and authorize final payment if pleased, or request free revisions.
5. Choose HelpWriting.net confidently knowing your needs will be met, and plagiarized work will be ref
This document provides an analysis of an investment opportunity in PROJECT DUTY, a company that provides portable toilet rentals and septic tank cleaning services concentrated in the Bakken oil fields of North Dakota. It finds that PROJECT DUTY benefits from strong population growth and oil industry activity in the region. While there is some risk from customer concentration, expanding into new areas could mitigate this. Financial projections show the potential for profitable growth and returns, especially if revenue increases beyond current levels by expanding service areas.
BUDGET1Operating BudgetMonica AyresHCA 311 Health Ca.docxhartrobert670
BUDGET
1
Operating Budget
Monica Ayres
HCA 311: Health Care Financing and Information Systems
Kevin Hayes
July 13, 2015
Operating Budget
Before the manager or board accept the proposal for capital investment, there are a number of factors they should consider. The first factor to consider is the community need requirements (Herkimer, 1986). The health care needs of the community must be identified an then the capital investments selected which will best serve this need. In fact there is no use in internally selecting a capital project which management thinks the community needs, then trying to convince the citizenry that they need.
From the case provided, it is apparent that the move to expand the operations of the company is motivated by the fact that the company has not embarked on any serious capital investment plan for a period spanning over 6 years. This is a weak factor because it clearly indicates that the community need is not the main issue. The case further indicates that the company is facing severe competition from its rival in the Health Care market. This implies that the products are available from different and that there community members can still get products if they want from the competitors. Expanding is not a solution to this issue. In fact, if competition is what is forcing the company to seek plans to expand, then the manager or the board is less likely to accept the proposal.
Another factor to consider is marketability of the proposal (Herkimer, 1986). Based on the case provided, it is clear that there are many competitors in the market. Interestingly, the proposal intends to expand the enterprise so that the number of products produced increases. This is ridiculous because there is no need to increase the amount of products produced when it is clear that there are many competitors in the market. In fact, what the company should have done instead was to invest on technology to reduce the cost of production and hence lower the prices. This could enable the company compete well with competitors. Consequently, as far as marketability of proposed changes is concerned, the proposal is not strong.
The last factor to consider is urgency (Herkimer, 1986). Based on the case, there is no argument made to show that there is urgency or that the community needs the changes to be implemented urgently. This means that as far as urgency is concerned, the capital investment is not viable.
Reference
Top of Form
Herkimer, A. G. (1986). Understanding hospital financial management. Rockville, Md: Aspen Publishers.
Bottom of Form
CAPITAL INVESTMENT
1
Capital Investment Plan
Monica Ayres
HCA 311: Health Care Financing & Information Systems
Kevin Hayes
July 6, 2015
Capital Investment Plan
Abble Inc. is planning to undertake an expansionary Capital Investment process that will see the company’s operations and proceeds double hence cushioning the company’s going concern basis. The move to expand the operations of the company is ...
This document brings together a set
of latest data points and publicly
available information relevant for
Utilities Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
Here are short answers to the questions:
1. Phillip stayed with Stew Cat for company whenever he didn't want to talk to Timothy or became mad at him. Phillip saw Stew Cat as a friend he cared for.
2. Originally, Timothy believed cats were bad luck. However, he grew fond of Stew Cat and saw the cat as a companion for Phillip.
Q.2 With sometimes not wanting to talk to Timothy, Phillip stayed with Stew Cat for company.
Whenever Timothy would set out somewhere or Phillip would become mad at the black man, he
would always have the chef s cat to reassure him. Phillip saw the cat as a friend he cared for didn t
want to lose. On the other
1PAGE Table of Contents1Introduction2Discussion (Week 8.docxfelicidaddinwoodie
1
PAGE
Table of Contents
1Introduction
2Discussion (Week 8)
2Decision to be Made
2Stakeholders
4Conclusion
5Discussion (Week 9)
5States of Nature
8Decision Tree
9Conclusion
10References
This week’s paper identifies an important decision I have to make in my Company. This is a group decision that involves the provision of a comprehensive enterprise resource planning technological system for our operations.
Introduction
Decision-making is an essential element in any society; determining specific actions people take to achieve progress. Moreover, it is always important for individuals with the responsibility to make critical decisions to understand the effects they are likely to have when applied in different contexts. Thus, they have to understand the environment in which the decisions they make will be implemented and the effects they are expected to have to all stakeholders. Furthermore, the level of involvement of various parties has to be considered before choices are made by an individual because this will determine how a decision will be received (Adair, 2013). In this paper, an important decision that needs to be made will be discussed in several steps, showing its consequences to various people it targets.
Discussion (Week 8)
Decision to be Made
The company needs a comprehensive enterprise resource planning technological system to make its operations more efficient. In effect, the information technology manager has been assigned the process to search for different vendors who will undergo a competitive bidding process. After the process is finalized, the winner will be given the task of developing and implementing an ERP system, which is customized to conform to the company’s needs (Adair, 2013). Crucially,
the firm is a mid-sized enterprise with a staff of about 250 employees working in various departments. Therefore, the decision made affects all functions in the business because it will determine the nature of results it is likely to attain from various activities. Moreover, some employees do not have the technical skills required to operate the system which is likely to affect how it will be implemented in the firm. Consequently, all stakeholders have to be involved in the decision-making process to enable the company to realize all objectives it has set in the industry (Adair, 2013). Stakeholders
There are different stakeholders involved in the process to ensure that when the system is implemented, it addresses all relevant organizational needs. Firstly, managers of various departments will liaise with the IT manager and propose the format the system will run on to ensure it enhances the organization’s capacity. Critically, they will be involved in developing a budget to ensure all costs are assessed effectively before the system begins to operate. Moreover, employees will be encouraged to share their views about the role they can play after some of its important functions are automated (Adair, 2013). Furthermore, it is als ...
Innergex Renewable Energy Inc. is a leading Canadian producer of renewable energy from hydroelectric, wind and solar sources. It operates 33 facilities across Canada and the US with a total capacity of 687MW. The company has experienced steady growth in recent years. Recommendations for Innergex include expanding into new international markets with growth in renewable energy, increasing marketing efforts, and investing more in solar energy. Innergex is well positioned for continued success due to Canada's natural resources and growing demand for renewable energy.
This document highlights the expertise, education, and experience of Modupe (Maria) Sarratt for administrative support and healthcare assistant roles. She has over 5 years of healthcare experience and 10 years of administrative experience. Her skills include medical terminology, patient care, data entry, Microsoft Office, and communication. She has a Bachelor's degree in Psychology and a Master's in Healthcare Administration from University of Maryland University College.
This document provides instructions for initiating intravenous (IV) infusion and initiating a saline lock. It describes how IV therapy can help casualties by replacing fluid losses from hemorrhage, dehydration, or burns. Complications like infiltration and air embolism are risks if not done carefully. The document then provides step-by-step instructions for setting up IV equipment, selecting and preparing the infusion site, inserting the IV catheter, and initiating a saline lock when continuous infusion is not needed. Maintaining sterility and avoiding air in the line are emphasized.
The document provides a summary of skills and experience for a job or partnership. It lists communication skills, attention to detail, assertiveness, innovation, negotiation, decision making, leadership, goal setting, time management, customer service and problem solving. It then lists some perceived weaknesses and how they could be strengths, such as using stubbornness for persistence. It provides examples of work experiences including advocating for patient expectations, finding solutions through shared responsibilities, and ensuring quality service through leadership and satisfying patients. It emphasizes the importance of collaboration and good customer service through negotiated agreements.
False accusation of plagiarism by professor discriminationModupe Sarratt
Unforgettable higher education injustice
I considered the accusation of plagiarism is an unforgettable injustice to any foreign origin as well as the lack of career readiness for job placement as an injustice to the college graduates.
In my experience of false accusation of plagiarism is by discrimination due to my national origin as foreign students to share my experience in English class. In all my endeavors I am proud of myself for working hard to earn an “A” for grade is what I cherished to go forward to do better because I was lucky that the plagiarism accusation is discrimination for demotion or reduction of my grade from A to D to end up with an associate degree in medical assisting with GPA 3.15. As a result of the experience, I took the opportunity to prove myself with pursuing a bachelor degree in psychology to take college writing for researching with GPA 3.25 in Psychology. Then progress to earn my master degree in healthcare administration with GPA 3.75
Although I love Anne Arundel College, however, the experiences of false accusation of plagiarisms feel as discrimination to hamper/hinder my progress for higher education. I do wish that the rule or the policy is being evaluated to be fair so that some student will not feel as if they are the target for plagiarism due to their national origin.
Presentation of intravalley health for patient experience & satisfaction surveysModupe Sarratt
Intravalley Health strives to provide quality care for patients but faces challenges in measuring patient experience and satisfaction. Regulations from CMS, HIPAA, and ACA dictate medical procedures and policies that can negatively impact the patient experience by being too rigid. For example, a patient was denied a prescription refill due to missing a follow-up appointment, though she felt no additional care was needed. To improve care, Intravalley Health must understand how regulations influence patient experiences and make policies more flexible to accommodate patient needs.
The document highlights the expertise, education, and experience of an individual with skills in administrative support, healthcare assistance, technical office operations, and customer service. Their experience includes over 5 years working in healthcare settings and over 10 years in administrative roles. They have a Bachelor's degree in Psychology and a Master's degree in Healthcare Administration. Their competencies include multi-tasking, creativity, communication, attention to detail, computer skills, and leadership abilities. They also have several certifications in medical fields such as medical assisting and coding.
Dr. Y misdiagnosed and overprescribed medication to Patient X, which led to their death from a heart attack. This was a case of medical malpractice and unintentional tort. Patient X's family could sue Dr. Y for negligence, having to prove that Dr. Y deviated from the standard of care by misreading the medication instructions and that this caused Patient X's death. Healthcare ethics principles of autonomy, beneficence and non-maleficence were violated. Providers must respect patient autonomy, act in their best interest, and do no harm. Ongoing training in healthcare ethics is important to avoid such violations and ensure principles of justice, respect and fairness are followed.
HCAD 650 group 2 project oral presentation for the role of a compliance offi...Modupe Sarratt
This document summarizes a group project presentation on healthcare compliance laws that was never actually presented. It introduces four speakers who were each assigned topics on compliance officer duties, the Stark Law and Anti-Kickback Statute, corporate integrity agreements and compensation agreements, and how these laws aim to resolve false claims act issues. The document provides details on the assigned topics for each speaker in slide format.
The candidate summarizes their qualifications for the position in 3 sentences or less, including highlighting their strong communication skills, problem-solving abilities, organizational skills, customer service experience, knowledge of office software like MS Office and Google Workspace, and ability to perform clerical duties accurately and efficiently. They list their educational achievements and certifications in various medical fields. Finally, they emphasize their diverse skillset including skills in accounting, customer service, typing, filing, and communication.
This document provides guidance on performing a head-to-toe assessment, including necessary equipment, safety goals, examination technique, and palpation methods. The key equipment needed are a stethoscope, blood pressure cuff, watch, and pen light. Safety goals include patient identification, communication, standard precautions, and medication alerts. Region-based examination minimizes position changes. A combination stethoscope allows auscultation of high and low pitched sounds. Palpation is best with the back of the hand for temperature, balls of hands for vibration, and finger pads for pulsation.
The document proposes adding a Mohs surgery service line to the Layman Hospital System (LHS) located in South Florida. Skin cancer rates are high in the area due to sun exposure. Mohs surgery is more effective for treating common skin cancers and has better cosmetic outcomes than traditional excision. The service would benefit LHS's aging patient population, help capture referrals currently going outside the system, and generate revenue. Implementation would require hiring a Mohs surgeon, expanding pathology services, and developing new policies and procedures while overcoming potential resistance from competitors and insurers.
The Layman Hospital Systems is proposing to add a Mohs surgery service line to provide better outcomes for skin cancer patients in their region of South Florida, which has a high rate of skin cancer due to sun exposure. Mohs surgery removes skin cancers with better cosmetic results than traditional surgery, but it requires hiring a Mohs surgeon and supporting staff. The service would benefit LHS's growing elderly patient population that is susceptible to skin cancer, by allowing them to access this preferred treatment option while also generating greater revenue for LHS compared to other surgical procedures.
This document outlines a team project to design and implement a Mohs surgery service line at Layman Hospital Systems (LHS). Mohs surgery removes skin cancers while preserving healthy tissue, reducing scarring. Adding this service could generate greater income for LHS and improve outcomes for skin cancer patients. The project will involve analyzing needs and stakeholders, designing the service, addressing implementation challenges, and conducting marketing and resource analyses to make a recommendation. Hiring a Mohs surgeon and providing laboratory support are the major costs, while billing is straightforward as Mohs is usually covered by insurance.
This grant proposal seeks $100,000 from the Community Foundation of Anne Arundel County to establish a community center providing health education and screenings to low-income individuals. The proposed Maria for Virtual Medical & Telehealth Assistant organization would recruit retired healthcare workers to teach first aid/CPR training and human anatomy/physiology courses. These programs aim to empower poor communities in Annapolis and Glen Burnie to prevent diseases and improve individual and community health.
Dr. Y misdiagnosed and overprescribed medication to patient X, which led to their death from a heart attack. This was a case of medical malpractice and unintentional tort. As a healthcare ethics consultant, I would provide training to Dr. Y on the four principles of healthcare ethics: autonomy, beneficence, non-maleficence, and justice. Training should cover informed consent, doing what is best for the patient, avoiding harm, and fairness. The goal is to prevent future ethical violations and protect patient safety.
Modupe Sarratt has over 20 years of experience in administrative support, medical assisting, and information technology roles. She holds a Master's degree in Healthcare Administration, Bachelor's degrees in Psychology and Medical Assisting, and an Associate's degree in Medical Assisting. Sarratt has strong organizational, problem-solving, and communication skills and is proficient in various computer systems. She currently works as an Information Technology Assistant for a nonprofit advocating for telemedicine.
- Phantom limb pain refers to pain felt in a limb that has been amputated. It is a phenomenon where amputees feel sensations, including pain, in the part of their body that is no longer there.
- There are two major theories for phantom limb pain - the psychogenic theory and the neurologic theory. The psychogenic theory describes pain occurring due to underlying psychological disorders rather than physical stimuli. The neurologic theory suggests pain occurs due to misfiring of nerve pathways in the brain and spinal cord that were originally connected to the amputated limb.
- Amputees report feeling their absent limb in different ways, such as feeling their arm resting on a table or their fingers touching textures. Some
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
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Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
1. JointsOrtho – Expansion of New Plant
Analysis
Modupe Sarratt, Dawn Capers, Cheja Tucker, Tamarra Grant
MGMT. 640 Group Project
2. Executive Summary
Overview
JointsOrtho has been manufacturing and distributing various orthopedic medical devices for
older adults. The United States has been facing an aging problem, and a large number of people
of the entire population are getting older each day. Approximately, more than 10,000 Americans
each day turns to age 65, which is an alarming situation for society and it is estimated that by the
year 2050, 89 million Americans will fall into this category of older age. This situation is an
opportunity for companies manufacturing various orthopedic medical devices, and our company
“JointsOrtho” can take benefit from this situation. The management of JointsOrtho is aiming to
set up their own manufacturing plant for this purpose as it will be beneficial in the long term.
JointsOrtho has been offering a wide range of products, including cardiac and diabetic care and
items for hip and knee replacements. They can exploit this opportunity by providing quality
products and services at reasonable costs to customers.
Problem
JointsOrtho has been generating higher revenues and the cash cycle of the company is small,
which means it is collecting its cash from the revenues in a short span of time. It also possesses
idle working capital for managing operations of the company. It would be practicable to open the
new warehouse, as well as, assist in generating revenue. The company’s financial statements can
be used to analyze the company’s current and past performance and formulate policies for the
future. It is of high concern that the facts and empirical data used for the financial data should be
accurate. A small mistake in recording the transaction of the company can have a very large
impact on the financial performance of the company.
3. JointsOrtho (JO) New Plant & NewProduct
Background to the financial plan for a new plan (New Facility) and Full Hip
(New Product)
The financial plan is to increase revenue with manufacturing a new product for the new
plant or facility that will be distributed throughout the United States. The process of building a
new plant is a big project that involves a considerable amount of capital for investment decisions,
thus will cost the company a lot of money. In order for the expansion process to begin, the
members of JointsOrtho (JO) will target the workforce of Delaware to set up a new plant for the
remanufacturing of a full hip replacement. Each full hip replacement device will be sold
throughout the United States at a cost of $36,750 each, which includes shipping and handling.
The projected sales for these devices are expected to be between 1,000 and 1,200 hips, per
month. The project classification includes the site selection, the cost to buy a new facility, and
the hiring of new workers in order to analyze if the new facility (new plant) will breakeven with
manufacturing the new product within the first 12 months of the financial forecast.
Purpose Statement
The goal of this assignment is to analyze the financial state of JointsOrtho. As financial
managers, we will analyze if JointsOrtho should decide to expand. By illustrating probable
financial situations, we can determine if this organization will break even in twelve months and
if JointsOrtho should open an additional facility to produce new hip replacements. In order to
answer these questions, we will critically analyze the total value of money, three types of project
risks, risk/return of opening a new facility, and use the transactional information provided to
4. conclude if opening a new facility is the best financial decision to make based on the
organization’s state.
Site Selection & Opportunity Cost (OC) for buying new plant
JointsOrtho (JO) is a company that develops two main products, which are medical
devices and hip and knee replacements. To increase the wealth of JO, the financial plan is to add
the production cost for full hip replacements for an aging population turning the age of 65, which
is estimated to be 10,000 people each day. JO, like any other firm enjoys the period of rapid
growth that enables them to introduce a new plan, a new product, and new technology for an
innovative marketing strategy in relation with the opportunity cost to buy a new plan.
Opportunity cost is an advantage for the additional stock that goes into the manufacturing of
medical devices. In accordance with Investopedia, is decision to provide some additions to stock
to measures project for risk (“Variable Cost,” 2016).
Site Selection
To start with a new plant for the expansion, the members of JointsOrtho will target the
Delaware workforce and the aging population to select the new facility that will tend to grow at
the same rate as the economy. The economy of the expected growth of the population turning 65
each day is 10,000 people, which is estimated to be 89 million people by the year 2050.
Therefore, a large facility is necessary for selecting a site in a major shopping landmark. The
new plant or facility has 41,000 square feet of space and is designed to JointsOrtho specifications
as the JointsOrtho/Full Hip Replacement Center.
The new plant is conveniently located at the intersection of interstate I-95 North and
route 4, which is about two miles before Delaware Stadium. The site is tailored to fit the firms
5. needs for manufacturing at minimal cost, where the rental cost should be $9 per square foot.
This site offered the greatest opportunity to cater to affluence customers and the trend indicates
the rapid expansion of the local economy with the retiree population from the University of
Delaware and the state stadium has already endorsed a development of 300 luxury retirement
condominiums three miles from the site.
Opportunity cost for buying new plan
The opportunity cost is the difference between rent and buy. To rent for a year lease is $9
per square foot multiplied by 41,000 square feet times 12 months plus the security deposit, and to
buy is $9 per square foot multiply with 41,000 square feet plus down payment plus tax and
settlement (finance).
Opportunity Cost for buying rent or buy decision:
Space 41000 Square feet Rental $9 per square foot Option to buy 6% Tax
12 months’ Compute for Rent Versus Decision to Buy: 41000 @ $9
Security ($9*41000) $369,000 Down payment: 41000*9*4 =$1476000
January 369,000 Tax: 6% of (41000@$9) = $22140
February 369,000 Settlement (Interest rate 3%) =$11070
March 369,000
April 369,000
May 369,000
June 369,000
July 369,000
August 369,000
September 369,000
October 369,000
6. November 369,000
December 369,000
APR cost of rent ($9*41000 + 12*369000) $4,797,000
Cost to buy (1476000 + 22140 + 11070) = $1,509,120
Opportunity Cost: ($4,787,000 - $1,509,120) = 3,277,880
Analyzing cost for manufacturing Full Hip Replacements
Hip replacement refers to the process in which a damaged hip joint is surgically replaced
with an artificial implant. Patients require differing degrees of replacements, such as total or
partial implants, and new hips are made from plastic, ceramic and metal. However, not all
implants are safe, and some can cause serious complications, JointsOrtho is going to be an expert
in manufacturing full hip replacement device that will be sold throughout the United States at a
cost of $36,750 each, including shipping and handling. Sales are expected to be between 1000
and 1200 hips per month.
Opportunity cost for manufacturing new product
Weekly cost to manufacturing Hip replacement and hire workers
Activities Weekly cost(40 hours)
15 Molding Specialists ($18/hr.) $10,800
10 Machine Specialist ($16/hr.) 6,400
5 Cleaning & Maintenance ($13/hr.) 2,600
10 Shipping & Receiving ($17/hr.) 6,800
3 Shift supervisors ($20/hr.) 2,400
1 Administrative/Human Resources ($15/hr.) 600
1 Plant manager salary ($6000/per month) 1,500
Weekly cost $31,100
Yearly cost for 12 months (= * 52 weeks) $1,617,200
7. JointOrtho’s financial concepts is intended to reconstruct Hip replacement devices with “zero
risks for the rate of return” is fundamental for capital budgeting decisions and is the financial
plan for the opening of a new manufacturing plant. Per Parrino & Kidwell, capital budgeting is
“investment decisions” made to evaluate the three types of project risks, Risk/Return, fixed and
variable cost, the total value of money, and the breakeven analysis for the first 12 months
(Parrino and Kidwell, 2009).
Project Risks to the new plant
The three types of project risks for zero risks include (a) creating an efficient network of
statewide distributors, (b) considering the means for obtaining sufficient shelf space and
promotion at the retail level, and (c) assessing product acceptance by consumers.
Creating anefficientnetworkofstatewidedistributors forestimatingmanufacturingcost:
JointsOrtho must build relationships with all the Orthopedic Practices throughout the United
States that will accept to use their new products for being their key distributors before JO can
define the markets for hip replacements. The cost for recruiting distributors is allowing the
Orthopedics to set up the price of hip replacements in their individual state for variable costs of
five years for the device and depreciation set up for ten years. In between the variable cost and
the depreciation is fixed cost for five years to analyze the cost and profit for investment
appraisals. The benefit of analyzing the risk is to avoid waste with direct material cost and parts
that are directly used to make hip replacements, and to separate the indirect labor for the cost of
the new plant.
8. Obtaining sufficientshelfspaceandpromotionatthe retail level:
JointsOrtho will need to conduct a systematic tracking of data to study the product request by the
Orthopedics Practice throughout the United States to compare the cost of activities in processing
orders and the nature by which hip replacements is used to determine if costs maybe out of
control. This will need to be determined in order to investigate the operation and management of
their product for depreciation, discount, and defectiveness for the return policy.
Assessing productacceptancebyconsumers istheproductcost forpreparingfinancial
statement:
The product quality of the hip replacement will be a major factor in overcoming risk/return for
consumer satisfaction because it is the full cost for manufacturing overhead to launch for
discount and coupon programs while introducing consumers to try upgrading the product for
higher sales. Also, assessing our product for acceptance will include appraisals to invest in our
product by participating in health and medical events at the retail levels to provide consumers
with an incentive, which will help lower the risk of dissatisfied customers to a small percentage.
Risk/Returnfor Capital Budgeting
The concept of risk /return is a research and evaluation strategy for financial operations and
management of production for marketing and sales to create the best approach for the best
practice to analyze the cost of the new plant for the direct cost of manufacturing the product.
The importance of risk and return “is asset or sale variance relationship for plausible risk-averse”
such as, the cost of plant and the production of product association for the allocation of rate per
units for each product manufactured to the rental cost per square feet by using the common
measurements of; Net Present Value (NPV), Internal Rate of Return (IRR), and Time Value of
Money (TVM) (Henkel, 2009). According to Investopedia, “opportunity cost is the cost of an
9. alternative in order to pursue a certain action” (“Variable Cost,” 2016). Therefore, opportunity
cost is the benefit of weighing the pros and cons for an alternative action. Unfortunately, there is
no real formula for determining opportunity cost, since the plant/product will provide us with
different measures of value. In its simplest terms, however, one would describe opportunity cost
simply as the difference in return between the cost of a new plant and the production of the new
product. Let’s assume risk-free government bond yielding 6%, in this situation the opportunity
cost is 3% (3% new plant - 6% new product). According to the journal of finance “it is well
known that under certain circumstances the internal rate of return and the present value criteria
for capital budgeting analysis can give conflicting recommendations as to the projects that
should be included in the discounting rate in making of correct capital budgeting decisions”
(Dudley, 2011). To illustrate, the way to reduce risk for high return is the allocation of cost for
the product (full hip) and the production to the cost of the plant (facility) for operation.
Net Present Value for 12 months or the first year for producing full hip for product
NPV 12 Months Production Cost of Capital
12 Months # of
Days Each Price
Amount of
manufacture
products Monthly Cash Output
January 31 $ 36,750.00 1000 $ 1,139,250,000
February 28 $ 36,750.00 1000 $ 1, 290,000,000
March 31 $ 36,750.00 1000 $ 1,139,250,000
April 30 $ 36,750.00 1000 $ 1,102,500,000
May 31 $ 36,750.00 1000 $ 1,139,250,000
June 30 $ 36,750.00 1200 $ 11,025,000,000.00
July 31 $ 36,750.00 1200 $ 11,392,500,000.00
August 31 $ 36,750.00 1200 $ 11,392,500,000.00
September 30 $ 36,750.00 1200 $ 11,025,000,000.00
October 31 $ 36,750.00 1200 $ 11,392,500,000.00
November 30 $ 36,750.00 1200 $ 11,025,000,000.00
December 31 $ 36,750.00 1200 $ 11,392,500,000.00
10. Fixed and variable cost for evaluating internal rate of return (IRR) for operating
expenses
Fixed cost and variable costs are used for the rate of return and is the cause-and-effect
between the number of hours used to produce 1000 to 1200 hip replacements and the level of
maintenance required for finished products. Cost pool is the tracing cost for the direct cost of the
designed hip replacement and the fixed costs for readiness of the shipping products. Cost
allocation is the indirect cost for the variable used to design the cost of estimation for equipment
maintenance of the cost of goods manufactured and the cost of goods sold. It was noted that
“variable costs are those cost that vary depending on volume of production for increase or
decrease” (“Variable Cost,” 2016). In this case, the production varies from 1000 to 1200 hips
remain the same for 12 months, and the fixed cost such as rent will remain the same regardless
whether production increases or decreases. Indirect or direct costs of labor for cost pool is
assigning cost allocation to the product for accounting, such as variable cost include material
costs or labor costs necessary for completing a product for sale that may include packaging and
shipping, and increase revenue and expenses. Likewise, fewer products decrease revenue and
expenses for breakeven purposes.
Break-Even Analysis
Breaking-Even Analysis for leverage can be calculated with comparing Account Rate of
Return (ARR) with Internal Rate of Return (IRR) for the weighted average of pros and cons for
the advantage and disadvantage is considered the break-even point. Break-even point can be
defined in numerous ways, such as, in term of EBIT for IRR or in term of payback method for
ARR. ARR and IRR are similar for payback method, and capital budgeting for an option to
accept or reject a project under General Accepted Accounting Principle (GAAP) or to accept or
11. reject a project under Financial Accounting standard Board (FASB) (Parrino and Kidwell, 2009).
The advantages and disadvantages for ARR and IRR can be summarized as follows:
The Accounting Rate of Return (ARR)
It is sometimes called the book rate of return. This method computes the return on a capital
project using accounting numbers such as, the project’s net income (NI) and book value (BV)
rather than cash flow data. The most common definition is given in this equation:
First, the ARR is not a true rate of return. ARR simply gives us a number based on
average figures from the income statement and balance sheet.
It ignores the time value of money.
There is no economic rationale that links a particular acceptance criterion to the goal of
maximizing shareholders’ wealth.
Internal Rate of Return (IRR)
The IRR is an important and legitimate alternative to the NPV method.
The NPV and IRR techniques are similar in that both depend on discounting the cash
flows from a project.
When we use the IRR, we are looking for the rate of return associated with a project so
we can determine whether this rate is higher or lower than the firm’s cost of capital.
The IRR is the discount rate that makes the NPV to equal zero.
When the IRR and NPV Methods Disagree
The IRR and NPV methods can produce different accept/reject decisions if a project
either has unconventional cash flows or the projects are mutually exclusive.
On the other hand, decisions made based on the project’s NPV are consistent with the goal of
shareholder wealth maximization. In addition, the result shows management the dollar amount
by which each project is expected to increase the value of the firm. For these reasons, the NPV
12. method should be used to make capital budgeting decisions. Capital Budgeting is the practice
that the managers used for payback method for ongoing capital projects and post audits on all
completed capital projects. Managers should also conduct ongoing reviews of capital projects in
progress that challenge the business plan, including the cash flow projections and the operating
cost assumptions. Management must also evaluate people responsible for implementing a capital
project.
The rule for decision is summarize as follow:
Decision Rule: IRR > Cost of capital -> Accept the project.
IRR < Cost of capital -> Reject the project.
Capital Budgeting in Practice
Some key advantages are as follows:
Intuitively easy to understand.
Based on the discounted cash flow technique.
Easy to calculate and understand for people without strong finance backgrounds.
A simple measure of a project’s liquidity.
Evaluating the Payback Rule
The standard payback period is widely used in business.
It provides a simple measure of an investment’s liquidity risk.
The greatest advantage of the payback period is its simplicity.
It ignores the time value of money.
It does not adjust or account for differences in the overall, or total, risk for a project,
which could include operating, financing, and foreign exchange risk.
The biggest weakness of either the standard or discounted payback methods is their
failure to consider cash flows after the payback.
13. Summary of Payback Method
Decision Rule: Payback period ≤ Payback cutoff point -> Accept the project.
Payback period > Payback cutoff point -> Reject the project.
Key Disadvantages
1. With nonconventional cash flows, IRR approach can yield no or multiple answers.
2. A lower IRR can be better if a cash inflow is followed by cash outflows.
3. With mutually exclusive projects, IRR can lead to incorrect investment decisions.
Most common version does not account for time value of money.
Does not consider cash flows past the payback period.
The Break-Even analysis is broken down as follows:
Fixed Costs include:
State Withholding Tax: 5.55%
Social Security: 3.75%
Medicare: 1.45%
Employee Health & Dental Insurance:2% = $2,925
Unemployment: 4%
1. Using 2080 hours for a 40 hour work week over the course of one year
15 of the workers will be paid at the rate of $18/hour for 40 hours per week (molding specialists)
$18.00*2080 = $37,440/year*15 employees = $561,600/ Fringe Benefits Cost =
$33,264/year per employee Total Fringe Benefits: $498,960
10 of the workers will be paid at the rate of $16/hour for 40 hours per week (machining
specialists)
$16.00*2080 = $33,280*10 employees = $332,800/ Fringe Benefits Cost = $29,568/ per
employee Total Fringe Benefits: $295,680
5 of the workers will be paid at the rate of $13/hour for 40 hours per week (cleaning and
maintenance)
$13.00*2080 = $27,040*5 employees = $135,200/ Fringe Benefits Cost = $24,024/per
year Total Fringe Benefits Cost= $120,120
10 of the workers will be paid at the rate of $17/hour for 40 hours per week (shipping and
receiving)
14. $17.00*2080 = $35,360*10 employees = $353,600/ Fringe Benefit Cost =
$31,416/employee Total Fringe Benefits = $314,160
3 shift supervisors will be paid at the rate of $20/hour for 40 hours per week
$20.00*2080 = $41,600*3 employees = $124,800/ Fringe Benefit Cost = $36,960/ Total
Fringe Benefits: $110,880
1 plant manager will be paid a salary of $6,000 per month
$6000*12= $72,000/year Fringe Benefits Cost = $63,959/per year
1 administrative/human resources person at the rate of $15/hour for 40 hours per week
$15.00*2080 = $31,200/ Fringe Benefits Cost = $27,720/year
Total Yearly Cost of all employees = $1,611,200
Total Yearly Cost Fringe Benefits: $1,495,438
2. Pay your salary of $6,000/month = $72,000/year; Fringe Benefit Total Cost: $63,959
3. Borrow $6,000,000.00 for building with 10 year mortgage at 10% annum
Monthly payment for Building = $50,000/month
4. Order for raw materials = $1,000,000/ year
5. Fringe Benefits - 15 days of Paid Time Off, 8 Paid Holidays, 6 Paid Sick Days = 232 days/ per
employee
Margin Ratio = Sales - Variable Costs
Sales
Sales:
1.200 Hip Replacements: $600,000
Cash: + $44,100,000
= $44,700,000
= $44,700,000 - $7,000,000 = 84.3%
Break Even = Fixed Cost_______
Price-Variable Cost
Price per Unit: $36,750
Variable Cost per Unit (Based on selling 1,200 units): $5,833.33
Total Fixed Cost: $8,076,408.20
$8,076,408.20 = 261.23 units X 36,750 units
15. $36,750 - $5,833.33
Break Even Point in Sales Dollars = $9,600,200.50
Conclusion
The company’s products are need based and mostly dependent on age factor. The USA
market is filled with growth opportunities for the company as a very large population resides
with age more than 65 years. On the other hand, the expected sales and calculated expenses show
that the company will not only achieve its break-even point but will also earn the profit of
$42,690,151 dollars. The company’s expansion is expected to produce many job opportunities
which will cost the company but per the expected return, the company will manage to cover its
expenses and earn profit. In view of the financial statements, the company’s total assets value
49,827,563 dollars against the liability which means that the company can easily repay its
liabilities in case of bankruptcy. Hence, it is suggested that the company should expand its
operations as the facts and figures show that the company will easily manage to earn profit.
16. References
Dudley, C. L. (2011). A note on reinvestment assumptions in choosing between net present and internal
rate of return. The Journal of Finance, 27(4),907-915
Investopedia. (n.d). Variable Cost. Retrieved 2016-11-30 Retrieved from
http://www.investopedia.com/terms/v/variablecost.asp?lgl=no-infinite
Henkel, J. (2009). The risk-return paradox for strategic management: disentangling true and spurious
effects. Strategic Management Journal,30(3),287-303
Ortho Image: retrieved from http://orthoinfo.aaos.org/figures/A00377F03T.jpg
Parrino, R. & Kidwell, D. S. (2009). Fundamentals of Corporate Finance. The fundamental of Capital
Budgeting. John Wiley & Sons. Inc. UMUC customized edition.
Plant Image: retrieved from http://www.inc.com/magazine/201311/nadine-heintz/inside-a-factory-
makeover.html