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Why Do Firms Grow.
The traditional profit maximizing theories of the firm have been criticised for being unrealistic. As a
result, alternative theories of the firm were introduced (Sloman & Sutcliffe, 2001). One of the
alternative theories of the firm is Growth maximization.
Following are the main motives for the firms to grow:
 The cost motive: A growth maximising firm can lower its long run average costs by exploiting
economies of scale and economies of scope. Economies of scale come into effect when increasing the
scale of production leads to a lower cost per unit of output (Fig. 1). By increasing the range of products
produced, a firm reduces the cost of producing each one due to economies of scope (Sloman &
Sutcliffe, 2001).
When a firm expands ... Show more content on Helpwriting.net ...
Also, growth affects profitability. In the short run, growth above a certain rate may reduce profitability.
Some of the finance required for the investment to achieve growth will come from firm's sales revenue.
A firm opting to expand in the existing market will have to spend on advertising and marketing whereas
a firm looking to diversify will have to spend on market research and hiring specialists .Firms will have
to sacrifice some of its short run profits for the long run gains which growth might yield (Sloman &
Sutcliffe,2001). However, In the long run, a rapidly growing firm may have increasing profits by
achieving economies of scale and increased market power. These profits can then be used to finance
further growth. (Sloman & Wride, 2009).
 Managerial motives: Managers may take longer term perspective and aim for growth maximization in
the size of the firm. By doing so, they will benefit directly by being a part of expanding firm. Promotion
prospects, increased salaries and increased power are the main driving force for managers to select for
growth. (Hooper, 2011).
Means for achieving growth are internal expansion and external expansion. The table shows various
types of growth strategy which can be used by any growth maximising firm. (Sloman & Sutcliffe, 2001,
pp. 271)
The dynamic competitive nature of the market drives the firms to expand in order to survive. If a firm
does not grow, the rivals can benefit from this by securing
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The Price Of Price And Revenue Essay
Firms, in general, tend to produce the quantity which ensures that marginal cost equals marginal
revenue in order to maximise profit. This way of deciding the best output applies to both monopolies
and competitive firms, though outcomes differ. The total output defines the equilibrium price for the
level of consumer demand. The demand curve then indicates price and revenue. Finally, the average
cost is worked out to identify the cost and profit for the profit maximising output and consequent price.
Optimal output is achieved when the MC and MR curves intersect (Fig. 1). Any price selected on the
spectrum marks a specific quantity indicating the price consumers buy at. Any quantity selected
indicates a specific price that prompts consumers to buy at that quantity. In this situation, the demand
curve is downward–sloping and the firm must lower its price to sell more. To identify costs and profit of
the profit maximisation output and the matching price, the average cost must be found (AC = Total
Costs/Qe).
Figure 1
Source: Hinde K and Trushin E., (2016) Competition Policy I: Market power and cartels, Business
Economics and Accounting, Durham University Business School.
Figure 2
Source: Hinde K and Trushin E., (2016) Organisations and the profit motive, Business Economics and
Accounting, Durham University Business School.
One would use the MC = MR rule as a guideline to decide the number of bottles produced and steer
clear from the average cost approach in order to avoid
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Social Bonds Are A Way For The Government Of Contract...
Subject: FCOM
Assignment: 1
Name: Kartik gambhir
ID number: 300349042
Word count:1336
Social bonds are a way for the government to contract social outcomes. The government in New
Zealand has decided for a different approach that could connect private businesses and the government
together. The government will allow the use of businesses handling government sectors like schools,
prison and hospitals. Social bonds concentrates on the non–profit, and private organisations. These
organisations help deliver services. These services range all sort of things like private business which
can help run private schools, private hospitals, private prisons rather than the original fund of the
government that's runs hospitals, schools and prisons. There has have been an outcry by the public on
the duty that is performed by social bonds and the government. Some duties are better handled by the
government and some are better handled by the private businesses.
The government is dipping its toe into a new territory with what are called social bonds. Social bonds
are a way for the government to deal with problems that they think is necessary to address thus causing
them to an agreement with a business to will help minimise problems being faced. This agreement helps
in raising the capital from independent investors which can include an individuals, foundations and a
bank and hire and mange non–profit groups. This can create jobs and help communities. The impartial
for the project is that
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Justification And Justifications Of Motive Talks Basing...
Introduction
The purpose of the paper that I am writing is to reveal accounts of excuses and justifications within
motive talks basing exposure on any and all delinquent behaviors that politicians or those yet to attain
power. Forgetting who it was that got them elected to begin with, indulgences in uncanny behaviors,
there are those who are seen as wholly incompetent of being human let alone be in positions of power.
These accounts are more than recent ranging from May 2015 to March 2016, showcasing how not all
those who have been elected by the people with their false promises did not deserve the support they
got. Able to blatantly disregard all rules, laws, regulations bending the law just to accommodate
themselves, where anyone else would normally be prosecuted. Three accounts analyzing articles will be
developed upon in this paper the first, condemning the condemner, the second, appeal to higher loyalty,
and lastly, scapegoating. Each of these accounts is directly represented by their respective articles and
how power absentmindedly leads to corruption.
Definitions Section The commonsense definition of motives that I had before the course was that
motives can be seen as the reasons that enable us to make certain decisions regarding our actions. To me
a motive was or could be looked at as an incentive, something that could push a human in terms of
having made a clear and definitive reason for undertaking or embarking on certain endeavors. Being the
reason why one
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Next Plc Accounts Essay
Next Plc
| 2011 | 2010 | PerformanceGross Profit | 1008.7/3453.7 = 29.21% | 996.9/3406.5 = 29.26% | Operating
Profit | 574.8/3453.7 = 16.64% | 529.8/3406.5 = 15.56% | ROCE | 574.8/(232.4 + 727) = 59.91% |
529.8/(133.4+802) = 56.63% | Asset Turnover | 3453.7/(232.4+727) = 3.60 times. | 3406.5/(133.4+802)
= 3.64 | LiquidityCurrent Ratio | 1067.3/832.9 = 1.3:1 | 1041.2/758.1 = 1.4:1 | Quick Ratio | (1067.3 –
368.3)/832.9 = 0.84:1 | (1041.2 – 309)/758.1 = 0.97:1 | Inventory Days | (368.3/2445) x 365 = 55 days |
(309/2409.6) x 365 = 47 days | Trade Receivable Days | (645.6/3453.7) x 365 = 68 days | (616.6/3406.5)
x 365 = 66 days | Trade Payable Days | (544.6/2445) x 365 = 81 days | (550.3/2409.6) x 365 = 83 days |
... Show more content on Helpwriting.net ...
t | 183.7/2209.8 = 8.31% | 189.7/2119.9 = 8.95% | ROCE | 183.7/(659.6+643) = 14.1% |
189.7/(503.4+500.3) = 18.9% | Asset Turnover | 2209.8/(659.6+643) = 1.70 times |
2119.9/(503.4+500.3) = 2.11 times | LiquidityCurrent Ratio | 423.6/715.6 = 0.59:1 | 447.1/1083.6 =
0.41:1 | Quick Ratio | (423.6–321.3)/715.6 = 0.14:1 | (447.1–295.3)/1083.6 = 0.14:1 | Inventory Days |
(321.3/1913.1) x 365 = 61 days | (295.3/1838.9) x 365 = 57 days | Trade Receivable Days |
(72.1/2209.8) x 365 = 12 days | (73.4/2119.9) x 365 = 13 days | Trade Payable Days | (489.1/1913.1) x
365 = 93 days | (494.2/1838.9) x 365 = 98 days | SolvencyGearing | 643/659.6 = 97.48% | 500.3/503.4 =
99.38% | Interest Cover | 183.7/27.3 = 6.73 times | 189.7/56.5 = 3.36 times | Investors RatiosEarnings
per Share | 117.2/1287.1 = 9.10 pence | 97/1286.1 = 7.54 pence
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Rotary Cove Essay
Dexter Holman October 16, 2011 CBAD 478 Rotary Cove Beach: Practice Case Analysis Rotary Cove
Beach, of Goderich, Ontario, is troubled due to not having direct revenue streams, which in turn causes
the beach to lose money on a yearly basis. The YMCA acquired the Cove's operations in 2003. More
recent, the Goderich Town Council gave a $20,000 donation for operations, but the unprofitability of
the Cove has caused the Council to reevaluate whether they should spend taxpayers money on a tanking
beach. The branch manager, for the area YMCA, was forced into a mandating of a $370,000 net loss
allowance. This mandate resulted in the YMCA trying to come up with ways the Cove could become
profitable based on its' present situation. Internally, ... Show more content on Helpwriting.net ...
First, the competitors' audience seems to be the adult crowd, which provides as an opportunity and
suffering for the Cove. They are more family oriented and therefore less directly affected, but the adult
night life seems to be more of a profitable success factor in the industry. This establishes there next
threat which is the competition's high vertical integration. The competition brings in a direct revenue
stream from the nightlife around the beach. Also for the future of the industry, if the economy gets
better tourists may want to go outside of public beaches and go to the private beaches in the industry.
These external factors show the industry norms and how well the Cove is doing in the industry.
My first recommendation would be for YMCA to try and sell the company. My first reasoning behind
this statement is that YMCA's strategy is not aligned with what the task provides. YMCA has aims for
providing recreation for lower class families, which would be impossible if the Cove expects to gain
any profits. YMCA is not the correct organization for the profit success of that beach. Another reason
for my reasoning was the low industry attractiveness. The growth potential for the industry is very low
and the degrees of risk and uncertainty are high. This in itself is reasons to leave the industry but overall
the profitability is low. Both reasons provide a solid motive to sell and get out of the industry. My next
recommendation would be to raise money in the YMCA's
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Impacts on Thorpe Park
Economic
Unemployment:
In an economic depression unemployment rates and decrease in the flow of money into the economy.
Thorpe Park will find it exceedingly difficult to earn profits. As a result they reduce their staffs that lead
to unemployment. But they only hire seasonal staff who only work 9 months of the year so employees
will become unemployed at the end of the 9 months every year.
Unemployment is a major influence on Thorpe Park as it will affect its products for example if they are
short on staff one person cannot check all the seatbelts are locked on the rides than activate it as it will
take double the time to get the ride going and make the customers waiting time longer which will make
them fail their objects of giving ... Show more content on Helpwriting.net ...
Since saving capital at current interest rates is a possible source of revenue, higher interest rates tend to
make new ventures less attractive. For instance, if a cost benefit analysis shows that a new program
within a company is likely to yield a profit of 4% per year for all money put into the program, but the
prevailing interest rates are 6%, the company is better off putting their money in the bank. In this way,
interest rates dictate what a business will consider a strong return on investment. Thorpe Park will not
have any time to save money as every 4 years they make a new ride which may be more profitable than
putting money into savings account.
Interest Rates and Investment
A third impact of interest rates on Thorpe Park is its ability to raise capital through stock the value of
stock prices. When a company goes public, it sells shares of the company in the form of stock to raise
capital. Subsequently, the implied value of the business is tied to the share price of the stock, and share
price is tied to demand for the company's stock. When interest rates are higher, the demand for
investment tends to be lower, so higher interest rates are generally detrimental for Thorpe Park stocks,
and their ability to raise money through a stock offering. The reason higher interest rates are bad for
stocks is that
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Managerial And Behavioural Theory Of The Firm
Introduction
With the roots of the neoclassical theory of the firm dating back to the 1770's and some of the more
recent developments being some 80 years ago, it is understandable that economists have begun to
question how applicable the Neoclassical theory of the firm is to present day corporations. (Lipczynski,
Wilson, Goddard, 2009) Managerial and behavioural theories have been developed with the intention of
providing a more realistic insight into how contemporary organisations function. This paper will
address how the managerial and behavioural theories differ to the neoclassical approach of the firm, and
to what extent they enhance our understanding of firms. In doing so Baumol's sales revenue
maximisation and Williamson's ... Show more content on Helpwriting.net ...
At its most basic, neoclassical is reliant upon the surrounding market conditions controlling the
decisions of firms. The Neoclassical approach to the firm provides us with a market–wide framework
from which we can make predictions on future outcomes.
During the eighteenth century economic thinking was heavily influenced by the growing textile
industry, where the majority of suppliers were producing homogenous products; leaving no motive for
the economic theory being developed to account for diverse market conditions. (Lipczynski, Wilson,
Goddard, 2009) According to The Modern Corporation and Private Property Revised Edition (1969)
written by Berle and Means, out of "The 200 Largest Non–Financial Corporations" in the United States
"the number classed as Management Controlled increased from 88 to 169" from 1929 to 1963
respectively. (Berle and Means, 1968) Amidst the globalisation of firms and the rise of the stock
exchange, firms have become more complex and there ownership has become more diluted. The
supermarket industry is an example of how firms have become more multifaceted; selling thousands of
heterogeneous products, buying from countless suppliers and being owned by whoever chooses to buy
shares on the stock exchange. Due to firms increasing in both size and complexity, owners of firms
often employ teams of managers to run their
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The Predictions And Effects Of Financial Accounting
Introduction In the main analysis, this essay will describe the predictions and effects of financial
accounting reports to discuss the statement based on the previous answer. In the conclusion, the essay
will explain how the question helps to understand the importance of learning about accounting in its
context. Main Analysis Predictions of Financial Reporting There are four preconditions of financial
accounting reporting. Firstly, there are debates that upheld and against the regulation of financial
accounting. The supporters of the 'free–market' technique dispute that there are proprietary economic
incentives for organizations to report accounting information proactively, and forcing accounting
regulation is costly inefficient (Deegan & Unerman, 2011). By comparison, the supporters of the 'pro–
regulation' viewpoint dispute that regulation is requisite as financial information is a 'public good', and
users of accounting information are 'free riders', so organizations will report a lower quantity of
information than socially optimal (Deegan & Unerman, 2011). Secondly, various stakeholders have
various viewpoints of the evolution of regulation. According to public interest theory, regulation is
introduced to safeguard the community and regulators attempt to maximize public welfare (Deegan &
Unerman, 2011). According to capture theory, regulated organizations will obtain command of the
regulating procedure (Deegan & Unerman, 2011). According to private interest theory,
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The Impact Of Corporate Social Responsibility On The...
Introduction
Corporate social responsibility is not a new concept; it has evolved significantly, and presently it
contains a number of terminologies, theories, and approaches. Nevertheless, one of the main issues that
arise in this concept if the theories mix approaches, which use words that have different meaning and
motives (Adolphson, 2004). This paper will thereby discuss and present theories of Corporate Social
Responsibility in the context of ethical or normative and instrumental motivation. The paper will
discuss CRS in both perspectives, which are ethical or normative perspective that mainly focuses in
developing a better society, while instrumental perspective mainly centers its ideas on achieving
economic objectives by creating social activities.
From a normative perspective, the theory argues that the relationship that exists between the society and
businesses is essential to ethical values. Therefore, from this point of view, businesses should accept
Corporate Social Responsibility as an ethical obligation more than they should any other consideration.
On the other hand, in instrumental perspective, Corporate Social Responsibility is a platform for the
business to make profit, therefore, only the economic aspect of the interaction in this case is measured
between the society and the business (Donaldson, & Preston, 1995). Primarily, the paper will base its
argument on whether it is wrong for businesses to undertake Corporate Social Responsibility activities
for
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Benefits Of A Non Corporate Taxpayer
Expenses attributable to profit–seeking farm activities are deductible as either business expenses under
IRC § 162 or production of income expenses under Section § 212. Under IRC § 162, ordinary and
necessary expenses paid or incurred in connection with a trade or business are allowable as business
expenses. Under IRC § 212, ordinary and necessary expenses paid or incurred in connection with the
production of income, or the management, conservation or maintenance of property held for the
production of income are allowable business expenses. Farm expenses that satisfy the requirements
under IRC § 162 or 212 are allowable without regard to the amount of income derived from farming
activity, subject to the risk rules, the passive activity loss rules and any other applicable limitations. If a
non–corporate taxpayer engages in an activity without a profit motive, the activity is considered a
hobby subject to the hobby loss rules.
The hobby loss rules under IRC § 183 limit the deductibility of certain items with respect to an activity
that is not engaged in for profit. The history of IRC § 183 indicates that one of the primary motivating
factors behind its passage was Congress' desire to create an objective standard to determine whether a
taxpayer was carrying on a business for the purpose of realizing a profit or was instead merely
attempting to create and utilize losses to offset other income (Nickerson vs Comm, 1983). Congress
recognized that "wealthy individuals have invested
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The 4 Basic Models of the BGS Relationship Essay
1. What is the business–government–society (BGS) field and what is its importance?
2. Explain the Four basic models of the BGS relationship
Introduction:
Business, government and society are fundamental in this world. Business satisfies human's needs by
providing them products and services in exchange for profit. Government is a structure and process in
society that with authority makes and applies policies and rules. Society is a network of human relations
composed of ideas, institutions, and material things (Steiner, 2011). They all work together to create
better solutions in all three elements. Forces in BGS have shaped our world.
Content Analysis:
Business, government and society are subdivisions of economic, ... Show more content on
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In the Market Capitalism Model it is easier for any individual to enter the market. Any new business
that enters the market is in to make profit and to create competition. Competition creates and offers
better value to customers and opponent firms. Businesses in this model focus on creative work and
profitability. The creative work is well done therefore people are happy with the products, services etc.
In the Market Capitalism Model management's goal is to increase shareholders interests (investments).
Government regulations are limited.
The dominance model represents the perspective of business critics. Society is in a pyramid but only a
small group of privileged (corporations, government and business leaders) control society. Power and
wealth are mostly concentrated in a selected group. In this model society does not have any control and
it would probability experience difficulties. The corporations and the government take advantage of
society. Business have too much power, changes in the systems is crucial.
The countervailing Forces Model consists of four forces: environmental catalysts, business, government
and the public. None of the forces dominate; the countervailing forces model implies exchange of
power and influence among all of them (check and balance). In this model the power of
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Metaphors In Robert Solomon
Ashlyne McComb
Business Ethics
March 8, 2017
Professor Norwood
Solomon Book Report When people think about businesses they think about cruel, greedy, and
manipulative companies that will do anything to make the most profit. Even though this is not entirely
true for every company, it has become normal and acceptable in society. We associate these negative
characteristics with businesses, and they have adopted them. In the first part of Robert Solomon's book,
he shows all the metaphors of business. None of these comparisons are positive. They all have a
negative concept that go along with them. The first metaphor that we learned in class and that Robert
Solomon mentioned was Albert Carr's concept that business is like poker. Just like poker, business has
no rules, and there are not any moral responsibilities that go along with it. You can do whatever you
need to do to win and be the best business. Just like the poker metaphor, Solomon also talks about how
business is like a jungle or a battlefield. All of these metaphors derive off the idea that it is every man
for himself and that you do whatever you need to do to survive. Robert Solomon mentions,
"Competition is said to be the backbone of business" (Solomon, 22). Competition is only the backbone
because we use capitalism. Since companies are free to do what they want, but they need to be
competitive with similar companies in order to progress.
Even though companies have to compete to keep their business going it is not
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The Pros And Cons Of Private Prisons
In the United States Criminal Justice System, lies a social institution driven by ego–centric tendencies,
yet receives little to no attention. This social institution is called Private Prisons and often comprised of
policy makers, private correctional facility owners, and brokers and each thrive on greed at the expense
of humans, specifically criminals. Another label for this type of social institution is called prisons for
profit. In any case, this institution remains unchecked for its ego–centric thinking and behavioral issues.
The act of privatizing prisons certainly warrants attention, since the institution is driven by ego–centric
tendencies such as greed and encourages or rewards self–centered thinking and behavior through large
scaled profits. What is more troubling, while these institutions continue to expand, human and social
interest are devalued in terms of decreasing other types of reforms for criminal behavior. Furthermore,
these practices are defended and justified by the social institutional values which can be found in their
mission statements and on their stock exchange websites. Moreover, the self–centered thinking and
behavior is normal and accepted in their line of business.
In an attempt to resolve prison overcrowding, a system of privatizing prisons was implemented. Private
prisons are designed to alleviate some of the prison over–crowding by outsourcing their service to state
run facilities that incarcerate criminals. The act of privatizing prisons is
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Drivers of Industry Financial Structure Essay
Executive summary
Ratios of ten companies are presented in this study. The companies are all headquartered in the United
States and the financial statements are the most recent annual financials for the respective fiscal years
ending in 1999 or 2000.
The companies are:
1. Developer of prepackaged software
2. On–line retailer
3. Warehouse club for food and general merchandise
4. Major passenger airline
5. International hotel chain
6. Temporary staffing agency
7. Supermarket grocery retailer
8. Pharmaceutical company
9. Manufacturer of electronic communications equipment
10. Manufacturer and marketer of consumer products
Analysis
1. Innovation is extremely important in the software industry and it ... Show more content on
Helpwriting.net ...
A common use of the Gross Margin is to estimate a company's breakeven sales volume.(Higgins,2012)
9. Manufacturer of electronic communications equipment has the lower Profit Margin and longer
Accounts Receivable characteristic of a firm effectively bidding for government contracts.
10. Manufacturer and marketer of consumer products have a small size of Inventory 10.4% and its Net
Plant & Equipment is 39.3%. The Unearned Revenues is zero and R&D/Sales is also 0.
Conclusions
 Service Industries:
Temporary staffing agency, hotel and airline: balance sheets are C, D & I.
I is the temporary staffing agency
D is expected to be the airline
C remains as the hotel
 R&D Based Firms:
Software, On–Line Retailing, Pharmaceutical and Communication Equipment. Financial statement
candidates would be A, F, G & J.
J is the software firm
A is clearly the on–line retailer since it is losing.
G is the communication equipment firm because it has the lower Profit Margin and higher Accounts
Receivable.
F remains the pharmaceutical firm because it has higher Margins due to the capacity to keep high drug
prices. It also spends a significant amount on R&D while the competition is always coming up with a
new product.
 Consumer or Retail Based:
Warehouse Club, Supermarket and Consumer Products firm. Remaining financial statements are B, E &
H.
B & H have low Accounts Receivable, Margins and high Inventory turnover so must be the warehouse
club and the
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Columbia Memorial Hospital Case Study Essay
Columbia Memorial Hospital Case Study
1. Using the historical data as a guide (Exhibit 6.1), construct a pro forma (forecasted) profit and loss
statement for the clinic's average month for all of 2010 assuming the status quo. With no change in
volume (utilization), is the clinic projected to make a profit?
With no change in volume of 45 patient visits per day, the clinic is not projected to make a profit.
45 patient visits per day x 30 days in a month = 1,350 visits per month x 12 month =
16,200 visits per year
Using the average data given (2010) of 45 patients per day, average $130 revenue per patient, and a cost
of $3.50 per patient. The Forecasted P&L Statement is shown below.
Forecasted Columbia Walk in Clinic ... Show more content on Helpwriting.net ...
Break–Even Graph Without Marketing Campaign for Columbia Walk–in Clinic
Key: Red Line: Fixed Costs Green Line: Total Costs Blue Line: Revenue
Key: Red Line: Fixed Costs Green Line: Total Costs Blue Line: Revenue
3. Repeat the Question 2 analysis, but now assume that the new marketing program is implemented.
USING JAN/FEB 2010 MONTHLY AVERAGE DATA
With the new marketing program, there should be an additional 27.9 ≅ 28 visits per day.
Calculation:
$7,000 for new marketing program per month
$3.50 variable costs of treating each patient
$40.66 average revenue per patient
$16,000 semi–fixed costs per month
$40.66 x visits = $88,934 (total expenses)
Visits = 2,187.26 – 1,350 = 837.26 visits per month/ 30 days = 27.9 visits per day or 28 extra visits per
day
Break–Even Graph With Marketing Campaign for Columbia Walk–in Clinic
Key: Red Line: Fixed Costs Green Line: Total Costs Blue Line: Revenue
Key: Red Line: Fixed Costs Green Line: Total Costs Blue Line: Revenue
4. Now focus solely on the expected profitability of the proposed marketing program. How many
incremental daily visits must the program generate to make it worthwhile? (In other words, how many
incremental visits would it take to pay for the marketing program, irrespective of overall clinic
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Similarities Between Moll Flanders And Persuasion
In Moll Flanders and Persuasion both Defoe and Austen, respectively, present the economic realities of
marriage in similar and contrasting ways. Moll Flanders was published in 1722 and exposes the harsh
reality of life in the lower class. In 1817, Persuasion was published and sheds light on the leisurely
lifestyle people in the upper class had. Throughout Moll Flanders, Moll changes her views on marriage.
In the beginning, she believes that marriage is for love, but after she gains experience she views
marriage as an economic profit. Similarly in Persuasion, Sir Walter Elliot, Mr. William Walter Elliot,
and Mrs. Smith marry for economic profit. Even though the two worlds presented are approximately
one–hundred years apart, the realities of marriage are similar. Moll Flanders and Mary Musgrove
recognize marriage is a way for economic profit; however, their rationale drawing to them to this
conclusion is different. After Moll's nurse dies, Moll is forced to be independent for the first time. She
says, "now was I a poor gentlewoman indeed...I had not... a bit of bread to eat" (MF 54). Moll realizes
she cannot make a living being a gentlewoman. This incident causes Moll to look for economic security.
She is taken in by a wealthy family in Colchester. The elder brother in the family seduces Moll with
compliments and begins to see her privately. He promises to marry Moll when he "[comes] to his
estate"(MF 67; therefore, their marriage would yield a profit as the marriage would not got through until
the elder brother inherited his piece of property. While they are in their relationship, the elder brother
gives Moll "a handful of gold"(MF 63) and "five guineas"(MF 62), thus satisfying Moll's economic
necessity. When Mary is talking about a future marriage between Henrietta and Captain Wentworth, she
comments that Henrietta would become "'Lady Wentworth...[which is] a noble thing" (P 73). This
demonstrates how Mary only sees marriage as a way for Henrietta to move up in status, and Mary
deems that this marriage would be noble because of how economically profitable it is. Even though
Moll and Mary are from the lower and upper class, respectively, their views on marriage are similar as it
provides financial security.
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Does a Business Have Any Social Obligation Beyong Profit...
NAME: ZOHAIB BAKHTYAR Topic: Does a business have any social obligation beyond profit
motive? Sources Used: Arthur Miller, All My Sons, Ferdinand Tonnies, The Argument The Ethics of
Business, The Economist Profit Motive, The Guardian Consideration of social responsibility is an
important concern for the successful operation of a business. A business can be structured with the sole
intention of maximizing profit, or it can be structured in a way in which social obligation beyond profit
is considered. The two opposing views are introduced by Ferdinand Tonnies in The Argument, and
correspond to his concepts of Gemeinschaft and Gesselschaft (Tonnies, Ferdinand "The Argument"
from Community and Civil Society) The opposing nature of ... Show more content on Helpwriting.net
...
He reflects his position relative to Geimenschaft by asking his father, "is that as far as your mind can
see, the business? What is that, the world– the business? What the hell do you mean, you did it for me?
Don't you have a country? Don't you live in this world? What hell are you? You're not even an animal,
no animal kills his own, what are you?" (Miller, Arthur. "Act Two." All My Sons, Pg 70). Chris is
devastated when he finds out his father is a criminal. He no longer wants to associate himself with his
father and the business. While Joe is a reflection of Gesselschaft, rejecting all social responsibility for
profit, Chris refuses to do so, and is an example of Geimenschaft. He says he is not 'inspired' by the
business and would rather build something he can give himself to. He feels guilt to make money out of
a business which does not value the men on whose labour it relies. The imperatives of the market are
not factors that would alter Chris's association with Geimenschaft. Joe Keller, on the other hand, chose
to move into the 'foreign land', into Gesselschaft, which is explained by Tonnes as a "transient and
superficial thing" (Ferdinand Tonnies, The Argument from Community and Civil Society) where all the
decisions can be materialistic and cease to exist as being a "living organism". Joe claims that he did it
all for the family but in reality, by doing something so atrocious, he broke the family apart. As soon as
one moves away from Gemeinschaft, one
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The Concept Of Corporate Social Responsibility
The classic origin of the concept of corporate social responsibility (CSR) came from the principle that
the purpose of the corporation is to make profits for the stockholders. This view of Milton Friedman
came to be referred to later as the classical theory of CSR (Bowie, 1991). Tom Donaldson argued that
this theory derived from the concept of the social contract between the corporation and the society
where it operates. This perspective, however, faced criticism over its inherently opportunistic and
exploitative viewpoint. A corporate vision aimed only at upholding the shareholder's right to profit for
their investment logically will have to qualm of exploiting stakeholders to serve the end game of profit.
It will have no qualms at paying ... Show more content on Helpwriting.net ...
The Stakeholder Theory of Ed Freeman (1984) moved forward the neoclassical thought through the
proactive concept of "protection and promotion of rights," incorporating the basic neoclassical theory
with the managerial task of protecting and promoting the rights of various stakeholders. Thus, began the
long and still unfinished debate over the concept of CSR, which will be discussed and argued further in
this essay.
Freeman (1984) defined stakeholders as any group, or any member thereof, whose existence necessarily
results to the survival of the corporation (Bowie, 1991). Thus, stakeholders include such groups as
stockholders, employees, customers, suppliers, the local community, and the managers. In effect, the
theory expanded the focus of benefits toward one stakeholder (the shareholder) into other stakeholders
inside (e.g. employees and managers) and outside (e.g. customers, suppliers, and local community) the
corporate premises. The Stakeholder Theory proposed that protecting and promoting the interests of all
stakeholders will provide the corporation's long–term profitability at the expense of the short–term gain.
Wal–Mart should establish a "no–question–asked" return policy for its customers. CEMEX should pay
for the cleanup of the surface waters near its cement manufacturing plant in the Philippines.
However, the classical theorist cannot find the logic and moral responsibility of
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Hobby Loss Analysis
Thank you for choosing me as your CPA and tax advisor. I have reviewed the information you sent me
early this week regarding your dairy farm. I have analyzed the purpose and characteristics of your dairy
farm to the best of my ability in order to provide you with a clear and objective conclusion on how the
losses generated from it should be treated according to the tax law. This analysis would determine if the
loss on the farming activity would be deductible as a trade or business loss or as a hobby loss on
itemized deduction subject to a 2% AGI limitation.
Throughout the coming paragraphs, I will be using the nine factors on the Treasury Regulation Sec.
1.183–2 in order to analyze and determine if the intention of this farming activity is ... Show more
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To illustrate, along with the $75,000.00 loss from the farming activity, you realized a $400,000.00 net
income from your medical practice; therefore, you have a large amount of income generated from other
source, and the farming loss will represent a great tax benefit, reducing your AGI by the amount of the
loss. According to Treasury Reg. Sec. 1.183–2, "Substantial income from sources other than the activity
(particularly if the losses from the activity generate substantial tax benefits) may indicate that the
activity is not engaged in for profit" (year). When I looked at the personal motives related to the
farming activity, I was able to understand that one of the reasons why you bought the farm was because
you wanted your children to live their childhood in a safe, relaxing and comfortable environment like a
farm. According to the article, "Tax Court opinions is that the mere fact that a taxpayer derives personal
pleasure from a particular activity does not, per se, demonstrate a lack of profit motive," when there has
been significant amount of time devoted to the activity. In your case, you and your family have
demonstrated to devote some time to the farming activity by performing multiple tasks in the farm.
Nevertheless, it is difficult to prove that those tasks are not a way to spend and enjoy more time with
your
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Similarities Between Public And Public Administration
Introduction
A public institution is different from a private one. With that being said one can't expect them to do
everything in a similar manner, but there are similarities that they share. This assignment aims to bring
light to what those similarities and differences are and how public administration can be explained in
order to give one understanding before we get deep into the topic. Five ways in which Public
administration has been explained
According Thornhill et al (2014:15) Public Administration is a study that ensures that there is a
governing body or a course of action that is in place to ensure that the people in the institution or
organization perform the very work or duties that are assigned to them, and if one does not perform his
or her duties to the fullest capacity one will be held ... Show more content on Helpwriting.net ...
The pair also uses workers who have the necessary skills to organize and keep accounts, maintain the
files of the administrations, etc.
According to Naidu (1996:12) profit making is not only normal to private administration, it has also
become an acceptable for public administration to indulge in profit making. It is also stated that private
administration has become a new player in the industry of public service. Thus in the support they get
from the community they operate it, they have seen that they too should do their bit for the public.
According to Naidu (1996:13) in terms of personnel management they are similar in a manner that
private institutions have adopted the practices of public administration. They now see how they can reap
the benefits of treating their personnel in a good manner and how it impacts on productivity. Public
institutions have also in some ways mimicked the operations of private
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Argument For Promotion Of Core Csr
I am a Must/Must/Can and through this paper, I will argue my middle must against my opponent
(Milton Friedman's) "must not" argument for promotion of core CSR.
WE MUST PROMOTE CORE CSR vs WE MUST NOT PROMOTE CORE CSR
Milton Friedman, in his work titled, " The Social Responsibility of Business is to Increase its Profits",
emphasizes the role of business in society is to maximize shareholder wealth, and likens any activity
misaligned with regard to that mission as "stealing". In my argument against Milton Friedman's "must–
not" engage in core CSR stance, I would like to introduce the argument of expanding the responsibility
of business to only maximize profit. Before I elaborate, please consider the following example:
GlaxoSmithKline( henceforth referred to as GSK), the 6th largest pharmaceutical, publicly traded firm
in the world, that in March 2016 stopped filing drug patents in low income countries such as Botswana,
and partnered with NGO's to administer vaccinations and screen for conditions like malnutrition and
HIV. In fact, one of GSK's medications administered through this program, saves about 0.5 M
Botswanans per year from malaria. The argument promoting core CSR rests on an analysis of the
"Responsibility Gap", as described by Margolis J of Harvard Business School. The responsibility gap
analyses the responsibilities that firms have beyond their financial obligations and fiduciary
responsibilities. On the individual level, humans have limited capacity to
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Similarities Between Moll Flanders And Persuasion
In Moll Flanders and Persuasion both Defoe and Austen, respectively, present the economic realities of
marriage in similar and contrasting ways. Throughout Moll Flanders, Moll changes her views on
marriage. In the beginning, she believes that marriage is for love, but after she gains experience she
views marriage as an economic profit. Similarly in Persuasion, Sir Walter Elliot, Mr. William Walter
Elliot, and Mrs. Smith marry for economic profit. Even though the two worlds presented contrast each
other, the realities of marriage are similar. Moll and Mary recognize marriage is a way for economic
profit; however, their rationale drawing to them to this conclusion is different. After Moll's nurse dies,
Moll is forced to be independent for ... Show more content on Helpwriting.net ...
She realizes that the marriage would not be economically profitable. Moll decides to be in a relationship
with the Bath gentleman because he is an economic profit. He "supplies [Moll] with money to subsist
[her] very handsomely"(MF, 168). Even though they are not married, the relationship is providing Moll
with financial security. Both Anne and Moll realize that marriage is an economic profit, demonstrating
the similar views the upper and lower–class have on the economic realities of marriage.
Humphrey, Sir Walter Elliot, and Mr. Elliot try to marry women for economic profit. After Moll
convinces Humphrey that she "was very rich"(MF, 125), he believes her and "courts [Moll] for [her]
fortune"(MF, 125). Humphrey views his marriage to Moll as an economic profit. This shows that the
economic realities of marriage for men could also be lucrative. After they are married, Moll tells
Humphrey that she was "very poor" (MF, 127). This saddens Humphrey because "he was disappointed
with his expectations of fortune" (MF, 132). This shows how Humphrey saw marriage as a means of
financial security. In Persuasion, Sir Walter Elliot had "one or two private disappointments" (P,5)
showing that he too is trying to marry a woman of a high financial standing than him, but is
unsuccessful. This implies that is hard for a man to marry for an economic profit as both Humphrey and
Sir Walter Elliot have been profitless. Mr. Elliot "was determined to
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Keurig Case Analysis
KeUrig Case Analysis
Introduction
Keurig has been successful in selling its coffee brewing system to the office coffee segment (OCS) of
the US market. This success led its leaders to ponder entering the consumer market. While making the
move might seem like a reasonable next step in the development of the company core business, it also
presents unique challenges.
The biggest of those challenges concerns the danger of losing the existing OCS business due to a
possible disruption of the unique distribution channels that the company relies on for OCS. The
management also has to decide on the appropriate pricing scheme for its new brewer, which is further
complicated by the proprietary nature of the coffee cup (aka
K–Cup) that comes with ... Show more content on Helpwriting.net ...
Keurig should probably refrain from undercutting KAD by offering lower priced coffee; since currently
KAD offer coffee cups for $0.40–$0.50, pricing slightly above that range will avoid the undercutting
Our recommendation is to price K–Cups slightly above $0.50 but below $0.58, perhaps at $0.55.
Is Keurig–Cup a necessary fence?
In order to answer this question we first have to consider whether the value provided to the commercial
and residential markets is the same. While it may look like the value is similar, upon closer inspection,
we can identify an important distinction between the values provided to the two markets:
While the typical residential customer will only value the coffee making ability of the brewer, the
commercial customer will also value the service that comes along with it
In fact, the case alludes to this fact where it says that "Office managers are all about eliminating
headaches".
Hence, even without the two cup system that would have introduced a physical fence, the "products"
offered to the two markets are not equivalent. Therefore, we do not believe that the new Keurig–Cup is
a necessary fence to price discriminate between commercial and residential markets.
Appendix A
Brewer Price Elasticity Price | Log(Price) | Share (%) | Log(Share) | 199 | 2.298853 | 6 | 0.77815125 |
149 | 2.173186 | 9 |
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Communities On The Internet That Anyone Can Join Nowadays...
There are many communities on the Internet that anyone can join nowadays. No matter what someone's
interest is, more than likely there is some community on the Internet for them to join, especially if it is
on social media. One thing that most teenagers do is go to a university, and sometimes going away from
your parents and starting an independent life can be quite scary. There is a community online called The
Student Room, which is for anyone that is applying to universities, just moving to a college, or is
already attending. Even though there are plenty of communities that are like The Student Room, each
community has its own characteristics that make it unique to itself. Whether that is the type of people
that are in the community to the type of tools that are used to accomplish their goals, each community is
similar to others but different in ways that make them successful.
In order to identify what makes a community different, one must analyze the activity system and from
there on figure out what makes it unique. Kain and Wardle state that an activity system is "a group of
people who share a common object and motive over time, as well as the broad range of tools they use
together to act on that object and realize that motive" (275). This definition of an activity system fits the
community The Student Room because at the end of the day all the students that are a member of the
community just want to graduate from college with ease and still have fun. They use a broad
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Managing Diversity Essay
International management refers to the pursuit of organizational objectives in more than one nation.
International management has evolved as a discipline of increasing importance in recent years. The
underlying reason is that the corporate community is becoming more and more diverse. Improvements
in transportation and communications and lower production costs in many countries around the world
have made global markets more accessible. Although United States–based firms have immediate access
to huge domestic markets, they have steadily increased the proportion of their foreign markets. It has
been estimated that about 10 percent of all jobs in North America are dependent upon export and import
trade.
Other indicators, including foreign ... Show more content on Helpwriting.net ...
The most pervasive root problem in con¬ducting business in another country is that an assortment of
cultural values may be in conflict with company values. Culture in the sense used here refers to the
customs, beliefs, values, and patterns of behavior of a given society. An important example of
conflicting cultural values relates to the need for achievement . In a society where most people have a
low need for achievement, the profit motive may not be very strong and most employees may not have
a strong sense of time urgency.
2. Unfavorable political climate. An unfavorable or even hostile political cli¬mate can make it
particularly difficult to conduct business in some foreign countries. In extreme cases, widespread
rioting, kidnapping, and hostage taking may make it imperative for peeople of certain nationalities to
leave a country. Political attitudes may also interfere with equitable human resource practices in the
home country. North American companies with facilities in South Africa face a continuing challenge of
this nature. The South African government officially sanctions the practice of apartheid, a separation of
white and black people that perpetuates the repression of the black majority by the white minority. In
the workplace this means that South African blacks can only occupy lower level positions and are paid
much less than whites in those same positions.
3. Fluctuations in the national economy. Most national economies follow a general worldwide trend,
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Motive Vs. Evidence: The Scott Peterson Case
Some may not know there's a difference between motive and evidence, but there is. They might seem
similar but there different. Motive is a persons' reason for doing something. For example one of Scott
Peterson's motives was money issues. On the other hand, evidence is the facts indicating a person did
something. In the Scott & Laci Peterson case, Scott was found guilty of the murder of his wife Laci and
unborn son Conner. Laci was eight months pregnant and throughout their marriage, Scott has had
numerous affairs. His most recent one was with Amber Frey. 14 days before Laci's disappearance, Scott
had told Frey that this would be his first Christmas without her. On the day of December 24, 2002, Laci
was reported missing from her home.
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A Balanced Score Card
1
A Balanced Score Card
Lisa Thompson
Htt/220
April 17, 2011
Samuel L Grant
2 The most important thing to having a successful business is to have the most up to date information. If
you have all the information at your fingertips it can help you to make the best possible decisions. What
kind of information is available and how do we sort through it and use this information? In the
hospitality industry the amount of information received everyday is overwhelming, and it isn't possible
for staff to be able to sort through it and organize it properly. In the hospitality industry the information
technologies are the tools that the staff uses to sort and manage the information and the balanced score
card is just one ... Show more content on Helpwriting.net ...
There are many ways the food and beverage department can use this information, such as staffing
needs, and also the efficiency of the current staff. It can also help to access the relationship between the
food and beverage department and its vendors and then changes can be made if necessary. Managers
can use the information to make sure that the department is meeting their budget and its goals for the
hotel. There is also customer experiences that are collected on the balanced score card, and this
information can help managers improve to better fit the needs of customers. The information on the card
can also show the managers the busy time of year and the slow time which helps in ordering inventory,
when specials need to be ran and when the department may need to hire more staff. The balanced score
card information is very helpful for managers to be able to know when to hire for different departments.
Because of the hotels off seasons in spring and fall, the hotel may need less employees for one
department and still need the same amount in another department so by looking at the balanced score
card it is easier to determine. It can be used by managers for staffing, such as extra weekend staff during
the busy season, or a holiday weekend and this information is all found on the balanced score card.
There are some other examples of information that can be found such
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Birch Paper Case
Birch Paper Company Individual Case
Strategy & Key Success Factors: Birch Paper (BP) company is structured in such a way that it is
decentralized, and each division acts as a profit centre. Furthermore, it uses vertical integration with
examples such as Timberland division supplying pulp, and the Thompson Division (TD) providing
printing and colouring. This strategy, which composes of decentralization along with the design of
profit centres indicates a profit maximization strategy, which involves keeping costs low through
obtaining multiple bids. This strategy is reliant on several key success factors: goal congruence among
all divisions. Although managers from each division have the right to choose ... Show more content on
Helpwriting.net ...
If senior management force decisions to the front–line, it can question the merit of a decentralized
structure. If taken further, it can lead to a company culture defined by divisional tension and distrust. As
a result, teams may be afraid of being forced to accept higher transfer prices in the future. The key to
preventing this outcome is clear communication among each division.
The most significant discussion involves identifying whether the problem is a one–time event, or if the
problem is systems–related. Upon examination, the circumstances reveal a systems related issue joined
with goal incongruence. The current structure of BP promotes profitability among individual divisions.
As a result, divisions will be inclined to pick projects that are most profitable for them. However, as
outlined in this case, this structure is not ideal as the optimal decision may be different for the company
and the division. Therefore, there is a flaw in the system, not in the division managers. This brings up
the question as to whether the system should be changed. Taking into consideration that this transaction
accounts for only 5% of overall volume, it would make most sense for the company to not change
policy. The costs involved in drastically modifying the system do not outweigh the benefits provided.
However, this is not to say that BP should do nothing; BP can implement measures in place to prevent
situations where divisions take on unprofitable
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Congress Must Reform Current Legislation Restrict...
Affirmative Case Congress must reform current legislation to restrict bioprospecting on federal land,
and regulate the amount of monetary gain that landholders can receive from bioprospecting companies
that use their resources. The National Park Service is a smaller government agency within the
Department of Agriculture. This is the agency that is in dire need of legislation to restrict
bioprospecting, and manage the profit margin that national parks can receive from allowing
bioprospecting companies to use their resources.
Observation I – Harms/Significance/Motive The Department of Agriculture manages land owned by the
federal government. As a result, the Department of Agriculture would enforce laws regarding how the
federal government might profit from prospecting natural biological resources within the United States.
However, if Congress does not pass legislation to dictate when, where and how bioprospecting can be
profited from then individual agencies may characterize bioprospecting as "scientific research."
It is moral and legally ethical to use bioprospecting profits for maintaining national parks. The
Biodiversity Treaty sanctioned that countries whose biological resources are exploited by
bioprospecting companies have a right to share the financial benefits resulting from the sale of these
resources (Adair, 1997). National parklands are owned by the federal government. Therefore, our
national parks have the legal right to share in the financial benefits that
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Moral Differences Between Kraft And Cadbury
Cadbury and Kraft both have different morals and approaches to how the business is run. Cadbury is a
firm that is based in United Kingdom which has been living the legacy since the past 200 years and has
hence reached a stage where the processes are well disciplined and well managed. The aim that Cadbury
had was to produce high quality products in a way that the cost is minimized and the efficiency of the
product is increased. The Quaker tradition has been made use of in order classify employees according
to their Christian values. On the contrary of Cadbury, we have Kraft which has been operating in more
than 25 countries worldwide and is hence a multinational company.
The employees have suffered through a great deal as a result of the takeover by Kraft. Kraft had to pay
back its debts and achieve its profit target and therefore, it decided to shut down the British counterpart
and this made 10,000 employees lose their jobs. In addition to that, Kraft also closed down the
Somerdale factory of Cadbury ... Show more content on Helpwriting.net ...
This "cultural shock" is when individuals have been all of a sudden sent abroad or in another social
environments. Kraft is a multinational organization which was built up in the modern time of industries
but then again, Cadbury is a British organization established in seventeenth century which took after the
Quakers and country conventions. This made the employees feel differently about how they were going
to work about in their very own organization and hence, the most essential part of the organization was
largely influenced; the workers. An aggregate number of 120 out of 170 chiefs and officials have
surrendered since Kraft assumed the control of Cadbury. The key issue of this is effect that the overall
culture is faced with. This is basically on the grounds that both the organizations originate from various
social roots and have alternate points of view and conditions (Financial Times,
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Busn Simulation Case Essay
JOhnson beverage inc | Johnson Beverage Inc | Case Analysis | | Holly Redden, Claudia Nunez |
11/7/2012 |
An in depth analysis of the current costing methods used by the beverage distribution company, Johnson
Beverage Inc. |
Table of Contents:
Executive
Summary...................................................................................................................................................1
Problem
Statement...................................................................................................................................................1
Analysis
.......................................................................................................................................................................1
Impact Analysis
.........................................................................................................................................................2
Criteria for an Effective Solution
.............................................................................................................................3
Evaluation of Alternatives
........................................................................................................................................3
Recommendation ... Show more content on Helpwriting.net ...
Losing Saver Superstore would result in a large reduction in sales volume. This would also mean a
reduction in demand for delivery and warehouse labour as well as sales visits. A reduction in sales
volume also means a reduction in profits which affects management salaries as well as the president and
owner. The loss of Saver Superstore as a customer is not the only concern, there are 19 other customers
who would likely favour a supplier who can offer a more competitive discount than your company is
willing to provide. The current inaccurate method of cost allocation that your company is using rates
Saver Superstore as having one of the lowest profit margins of all customers, this is because of the fact
that costs are allocated based on revenues. A supplier that is using a more accurate cost allocation
method may be able to see the true profitability of Saver Superstore and in doing so, provide a better
discount. This could prove fatal to your company if all customers are lost to competitors.
Criteria for an Effective Solution: Your company's solution should follow and be judged by the
following criteria. Accurate Profitability, by allocating costs more precisely you will be able to trace and
record each customer's profits and losses. Future Potential of Customers, with a more accurate method
of allocating costs and profitability your company will have a greater understanding when making
decisions on the future potential of each
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The Pros And Cons Of Toshiba
Introduction
In recent years, both domestic and abroad continued exposure accounting fraud, financial fraud and
other cases, internal control has been a hot topic that people focus on. Accounting fraud has spread to all
types, become a common phenomenon in the wider economy. In response to this, the recent discussion
focused on improving accounting professionals (including accountants and CPAs,) of professional and
ethical standards, to strengthen accounting practitioners and increasing the penalties for non–economic
aspects.
Since the end of 2001, "Enron case" exposure, the World Communication, Merck pharmaceutical and
other big international listed company's accounting fraud scandals has come to light. It fully exposed
that the top managers ... Show more content on Helpwriting.net ...
The report said Toshiba CEOs put intense pressure on subordinates to meet sales targets after the 2008
global recession. The pressure often came right before the end of the fiscal year, which has pushed
certain employees to deferred losses or push forward sales on accounting.
3. Toshiba said that eight of 16 members of the current board of directors are resigning, meaning more
than half the board will be gone.
4. After consulting with third–party committee within the company, about 200 management staff
pointed out that Toshiba in many businesses is suspected of financial fraud, such as infrastructure
construction business, semiconductor business and the PC business.
In this example, Toshiba's corporate culture is obedience to superiors, which is one of the important
factors that cause the accounting fraud. Investigative also find that weak corporate governance and
internal control is the main problem that cause the system went wrong.
Motivation of accounting fraud
In an increasingly competitive stock market condition, the security market is an important stage to show
a good corporate image and a good position in the market competition. Therefore, listed companies
management strives to find ways to improve company performance. The motivation of accounting fraud
of listed companies stems from three
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Dupont Model Analysis
DuPont Model Analysis: Assignment 1
DuPont Model Analysis: Assignment 1
Name
University of Maryland University College
September 23, 2009
TABLE OF CONTENTS
Introduction 3
Analysis 3
Recommendations 6
References 8
Introduction
The DuPont Method is a financial method that was first introduced by the DuPont Company in the
1970's (Brooks, Callahan & Stetz, 2007). It is used to highlight how a company's finances affect its
return on investment. This assignment uses the DuPont Method to analyze the finances of Dick's
Sporting Goods Company. In addition, the results of the analysis are compared to imaginary industry
standards. Based on the comparison, recommendations will be provided to ensure that Dick's Sporting
... Show more content on Helpwriting.net ...
Operating Expense Ratio – the company is not maintaining a high percentage of profit after it pays
fixed asset type expenses 5. Net profit, plant & equipment ratio – the company is not effectively
utilizing their depreciating fixed assets. The chart below outlines, in accordance to the DuPont Method,
the problem areas and their connectivity to the other areas in the financial model.
[pic]
Chart 1: DuPont Model of Dick's Sporting Goods Please note that the areas in red are the problem areas.
The arrows show how each area impacts other areas.
The table below lists the ratios of Dick's Sporting Goods and their standing compared to industry
standards.
[pic]
Table 1: Comparison chart
Recommendations
It is recommended that Dick's Sporting Goods execute one critical problem resolution process to regain
their competitive edge in the industry. Working from the bottom up, the company should replace the
failing fixed assets. New or well maintained fixed assets would increase productivity and result in
reduced downtime and costly repairs. In addition, the net profit, plant & equipment ratio, gross profit
margin and operating expense ratio would all increase to at or above industry standards. The direct
result of their effort would be seen in the increase net profit margin. Funding for the hardware
replacement refresh should be provided
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Est1 Task 1 Essay
Part A
Company Q does not currently have a positive attitude toward social responsibility. They recently
closed several stores in higher crime areas. This has eliminated job positions that were held by residents
of the area and taken away revenue from the community itself. This is not being socially responsible.
The company just started offering a limited selection of health and organic foods despite that the
demand from customers has been there for years. They have also made the decision to not donate day
old food to the local shelters, opting instead to waste the food by throwing it away. Company Q needs to
make several changes in their company behavior in order to become more socially responsible. Part B
Company Q closed ... Show more content on Helpwriting.net ...
Company Q has had a large demand from their customers to provide healthy and organic foods over the
last few years. They recently started offering a small variety of health and organic food items, which is a
step in the right direction toward being socially responsible. They need to be more attentive to the needs
and wants of their customers as it shouldn't have taken years to bring in these demanded products.
When there is a demand for products and the company doesn't respond to that demand, it's perceived by
the consumers that the company simply doesn't care about their needs and wants. Bringing in a selection
of these products was a good start in satisfying their customers. However, with such a demand for these
items, having a small and limited selection is just not enough. Expanding the line of health and organic
food items will accomplish two things. First and foremost it will appease the current customers and
bring in a new clientele that is health conscious, thus helping to create a healthier community and at the
same time increasing sales. The higher margin on the health and organic items coupled with the increase
in sales will really boost the overall profit margin of the company. Company Q does need to be sure that
they don't over price these products so as to not push away business due to overpricing. Company Q
was approached about donating their day old food to the local shelters and they refused on basis of
concern that employees
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Essay about Wgu Social-Responsibility Critical Analysis
A Critical Analysis of Company Q's Social Responsibility
Xavier Smith
Western Governors University
Abstract
This essay is a critical analysis of the behaviors that Company Q has demonstrated with regard to social
responsibility. In essence, Company Q's behaviors, while reasonable reactions to maintain financial
viability and avoid contribution to employee malfeasance, actually demonstrate a profound solicitude
that results in a negative public image that will end up costing it more in the long term. I will offer
solutions that will provide a cost savings while keeping Company Q from making further embarrassing
errors.
A Critical Analysis of Company Q's Social Responsibility Unfortunately, Company Q has not made
wise ... Show more content on Helpwriting.net ...
With these stores removed from both neighborhoods, where are the residents of those neighborhoods
supposed to shop? And with the removal of the stores, what impetus do the few other grocers have to
keep prices reasonable for people of that socio–economic level?
Scenario 1–Resolution I recognize that a possible rebuttal to any of the aforementioned questions is, "If
the residents are not shopping there and putting money into the store, why would we be expected to stay
open?" I would offer that such a rebuttal is wrongheaded. Perhaps a better question may be, "What are
we doing to cause residents to shop elsewhere or to not spend more money with us?" Does Company Q
offer the food choices these residents want? Is the layout of your stores conducive to these residents?
Are the prices too high? Do the staff you employ in these stores look like the residents who shop there?
If the answer is "no" to any of these questions, we will have unlocked one of many possible reasons
why the store is unprofitable. It is then Company Q's responsibility to address these issues instead of
packing up shop and moving to the more affluent areas of town, where they are not concerned that a jar
of pickles may cost $40.
Scenario 2 With a weight epidemic ravaging the country, Company Q made its decision to offer health–
conscious food fare only after it could find the foods that provided the highest margin of profit for it.
That is
... Get more on HelpWriting.net ...
James Hurst's Short Story 'The Scarlet Ibis'
Imagine having a brother who is incapable of doing anything for himself. James Hurst's short story tells
the tale of a young boy in this position and the way his mindset is. In the short story "The Scarlet Ibis,"
James Hurst uses imagery, setting, and motif to convey Brother's feelings of guilt. By using these
literary elements, Hurst allows the readers to take a deeper look into Brother's perception towards
Doodle at the time.
Hurst uses imagery to show how Brother feels guilt for causing Doodle to die. "I ran as fast as I could,
leaving him far behind with a wall of rain dividing us." Brother remembers when Doodle says "Brother,
Brother, Don't leave me! Don't leave me!" Brother feels guilt for leaving Doodle once before. When
Brother runs away from Doodle, he is not actually running away from him, he is running away from the
guilt which Doodle causes him to feel. Brother looks at Doodle and feels guilty for leaving him at a
time of trouble before. Hurst uses the rain as a way to symbolize guilt and sorrow. "' What are you
crying for' They did not know that I did it for myself, that pride, whose slave I was, spoke to me louder
than all their voices." In this scene, Hurst shows the guilt in this scene using imagery by showing us
Brother crying. This is Hurst's way of showing us guilt. When Brother cries, it is because he feels guilty
of his motivation. His only reason for helping Doodle was because he was ashamed of "having a
crippled brother".
... Get more on HelpWriting.net ...
Milton Friedman Main Points Summary
A Summary of Milton Friedman's CSR Main Points argues against the concept of social responsibility.
He further states that using resources will increase profits while staying in the game rules of business.
Business responsibilities require that the business must act responsibly by reducing the price of the
product produce so that it eliminates inflation. Ensuring the products produced stay within the
environmental laws and regulation to reduce pollution. When a business hires the less skilled or
unemployed, according to Friedman, is spending the business shareholders' money for local social
interest. His argument with this statement is that there is one and only social responsibility of business
which require the its resources as well as ... Show more content on Helpwriting.net ...
When the business in observing all the laws governing the business allows the corporation to have the
social status as law abiding. This action will fulfill the legal obligation that the governing shareholders
expect management to follow and or meet while providing the utmost quality product and services.
Archie Carroll proposes that the ethical responsibility of an organization's management is to follow the
generally held beliefs, about the behavior in a society. In the ethical responsibilities approach suggests
that business must embrace their actions, standards, practices and norms that even though they are not
classified as a law or regulation. Other aspect of the ethical expectation requires that businesses must
conduct operations while not compromising ethical norms. The goal of these expectations requires
employees to be responsible to the fullest existent of norms, business standards, values, and principles
with respect to the stakeholders' moral rights. This can be achieved in a fair and objective manner, even
when laws do not provide guidance or other courses of action. Archie Carroll proposes that the
philanthropic responsibilities: Corporate philanthropy is the performance within society's expectations
of philanthropic and charitable. Certainly, these
... Get more on HelpWriting.net ...
Social obligation of business
Abstract
There were arguments that obligation of business is to maximize long term profit for shareholders in a
sustainable way, while others call them to involve more to social responses. Each judgment has its own
reasons which this research sought to analyze. Based on that, certain social obligations of business will
be addressed with evidences, showing their necessary of being more responsible to social outcomes.
Key words: corporate social obligation, shareholders, corporate profit, social responsibility
Introduction
There has been a long debate on the role of business in society.
Some people agreed with argument of: "The social obligation of business is to sustainably maximize
long–term profits for shareholders. ... Show more content on Helpwriting.net ...
In cases where corporate profit and social benefit aligned, CSR might not be considered and therefore
irrelevant. Or in other cases where corporate profits and social welfares are opposite, then the profit will
be taken into consideration, as business management will always want to prioritize shareholder's
interest.
An example for this is the Vedan Seasoning Manufacturing company in Vietnam where they disposed a
large volume (5,000m3/day) of untreated waste water to the Thi Vai River which caused water pollution
for the surrounding environment. If the management applied the advanced and automatic treatment
system for waste water, which therefore improve waste water quality before discharging to environment
then a large share of the investment would cut their profit down, which not all shareholders preferred.
Another example is about salary increasing for staff. Some textile corporations in industrial zones of
Binh Duong province (Vietnam) had their workers working overtime to complete urgent garment export
contracts. In these cases the managements always had to take into consideration whether they will
higher much salary for workers or pay them with small extra amount and keep their profit portions
unchanged in their book. Most of the time, the latter choice had been being decided.
Corporate Social Responsible AND corporate profit?
Over the
... Get more on HelpWriting.net ...

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Why Do Firms Grow.

  • 1. Why Do Firms Grow. The traditional profit maximizing theories of the firm have been criticised for being unrealistic. As a result, alternative theories of the firm were introduced (Sloman & Sutcliffe, 2001). One of the alternative theories of the firm is Growth maximization. Following are the main motives for the firms to grow:  The cost motive: A growth maximising firm can lower its long run average costs by exploiting economies of scale and economies of scope. Economies of scale come into effect when increasing the scale of production leads to a lower cost per unit of output (Fig. 1). By increasing the range of products produced, a firm reduces the cost of producing each one due to economies of scope (Sloman & Sutcliffe, 2001). When a firm expands ... Show more content on Helpwriting.net ... Also, growth affects profitability. In the short run, growth above a certain rate may reduce profitability. Some of the finance required for the investment to achieve growth will come from firm's sales revenue. A firm opting to expand in the existing market will have to spend on advertising and marketing whereas a firm looking to diversify will have to spend on market research and hiring specialists .Firms will have to sacrifice some of its short run profits for the long run gains which growth might yield (Sloman & Sutcliffe,2001). However, In the long run, a rapidly growing firm may have increasing profits by achieving economies of scale and increased market power. These profits can then be used to finance further growth. (Sloman & Wride, 2009).  Managerial motives: Managers may take longer term perspective and aim for growth maximization in the size of the firm. By doing so, they will benefit directly by being a part of expanding firm. Promotion prospects, increased salaries and increased power are the main driving force for managers to select for growth. (Hooper, 2011). Means for achieving growth are internal expansion and external expansion. The table shows various types of growth strategy which can be used by any growth maximising firm. (Sloman & Sutcliffe, 2001, pp. 271) The dynamic competitive nature of the market drives the firms to expand in order to survive. If a firm does not grow, the rivals can benefit from this by securing ... Get more on HelpWriting.net ...
  • 2.
  • 3. The Price Of Price And Revenue Essay Firms, in general, tend to produce the quantity which ensures that marginal cost equals marginal revenue in order to maximise profit. This way of deciding the best output applies to both monopolies and competitive firms, though outcomes differ. The total output defines the equilibrium price for the level of consumer demand. The demand curve then indicates price and revenue. Finally, the average cost is worked out to identify the cost and profit for the profit maximising output and consequent price. Optimal output is achieved when the MC and MR curves intersect (Fig. 1). Any price selected on the spectrum marks a specific quantity indicating the price consumers buy at. Any quantity selected indicates a specific price that prompts consumers to buy at that quantity. In this situation, the demand curve is downward–sloping and the firm must lower its price to sell more. To identify costs and profit of the profit maximisation output and the matching price, the average cost must be found (AC = Total Costs/Qe). Figure 1 Source: Hinde K and Trushin E., (2016) Competition Policy I: Market power and cartels, Business Economics and Accounting, Durham University Business School. Figure 2 Source: Hinde K and Trushin E., (2016) Organisations and the profit motive, Business Economics and Accounting, Durham University Business School. One would use the MC = MR rule as a guideline to decide the number of bottles produced and steer clear from the average cost approach in order to avoid ... Get more on HelpWriting.net ...
  • 4.
  • 5. Social Bonds Are A Way For The Government Of Contract... Subject: FCOM Assignment: 1 Name: Kartik gambhir ID number: 300349042 Word count:1336 Social bonds are a way for the government to contract social outcomes. The government in New Zealand has decided for a different approach that could connect private businesses and the government together. The government will allow the use of businesses handling government sectors like schools, prison and hospitals. Social bonds concentrates on the non–profit, and private organisations. These organisations help deliver services. These services range all sort of things like private business which can help run private schools, private hospitals, private prisons rather than the original fund of the government that's runs hospitals, schools and prisons. There has have been an outcry by the public on the duty that is performed by social bonds and the government. Some duties are better handled by the government and some are better handled by the private businesses. The government is dipping its toe into a new territory with what are called social bonds. Social bonds are a way for the government to deal with problems that they think is necessary to address thus causing them to an agreement with a business to will help minimise problems being faced. This agreement helps in raising the capital from independent investors which can include an individuals, foundations and a bank and hire and mange non–profit groups. This can create jobs and help communities. The impartial for the project is that ... Get more on HelpWriting.net ...
  • 6.
  • 7. Justification And Justifications Of Motive Talks Basing... Introduction The purpose of the paper that I am writing is to reveal accounts of excuses and justifications within motive talks basing exposure on any and all delinquent behaviors that politicians or those yet to attain power. Forgetting who it was that got them elected to begin with, indulgences in uncanny behaviors, there are those who are seen as wholly incompetent of being human let alone be in positions of power. These accounts are more than recent ranging from May 2015 to March 2016, showcasing how not all those who have been elected by the people with their false promises did not deserve the support they got. Able to blatantly disregard all rules, laws, regulations bending the law just to accommodate themselves, where anyone else would normally be prosecuted. Three accounts analyzing articles will be developed upon in this paper the first, condemning the condemner, the second, appeal to higher loyalty, and lastly, scapegoating. Each of these accounts is directly represented by their respective articles and how power absentmindedly leads to corruption. Definitions Section The commonsense definition of motives that I had before the course was that motives can be seen as the reasons that enable us to make certain decisions regarding our actions. To me a motive was or could be looked at as an incentive, something that could push a human in terms of having made a clear and definitive reason for undertaking or embarking on certain endeavors. Being the reason why one ... Get more on HelpWriting.net ...
  • 8.
  • 9. Next Plc Accounts Essay Next Plc | 2011 | 2010 | PerformanceGross Profit | 1008.7/3453.7 = 29.21% | 996.9/3406.5 = 29.26% | Operating Profit | 574.8/3453.7 = 16.64% | 529.8/3406.5 = 15.56% | ROCE | 574.8/(232.4 + 727) = 59.91% | 529.8/(133.4+802) = 56.63% | Asset Turnover | 3453.7/(232.4+727) = 3.60 times. | 3406.5/(133.4+802) = 3.64 | LiquidityCurrent Ratio | 1067.3/832.9 = 1.3:1 | 1041.2/758.1 = 1.4:1 | Quick Ratio | (1067.3 – 368.3)/832.9 = 0.84:1 | (1041.2 – 309)/758.1 = 0.97:1 | Inventory Days | (368.3/2445) x 365 = 55 days | (309/2409.6) x 365 = 47 days | Trade Receivable Days | (645.6/3453.7) x 365 = 68 days | (616.6/3406.5) x 365 = 66 days | Trade Payable Days | (544.6/2445) x 365 = 81 days | (550.3/2409.6) x 365 = 83 days | ... Show more content on Helpwriting.net ... t | 183.7/2209.8 = 8.31% | 189.7/2119.9 = 8.95% | ROCE | 183.7/(659.6+643) = 14.1% | 189.7/(503.4+500.3) = 18.9% | Asset Turnover | 2209.8/(659.6+643) = 1.70 times | 2119.9/(503.4+500.3) = 2.11 times | LiquidityCurrent Ratio | 423.6/715.6 = 0.59:1 | 447.1/1083.6 = 0.41:1 | Quick Ratio | (423.6–321.3)/715.6 = 0.14:1 | (447.1–295.3)/1083.6 = 0.14:1 | Inventory Days | (321.3/1913.1) x 365 = 61 days | (295.3/1838.9) x 365 = 57 days | Trade Receivable Days | (72.1/2209.8) x 365 = 12 days | (73.4/2119.9) x 365 = 13 days | Trade Payable Days | (489.1/1913.1) x 365 = 93 days | (494.2/1838.9) x 365 = 98 days | SolvencyGearing | 643/659.6 = 97.48% | 500.3/503.4 = 99.38% | Interest Cover | 183.7/27.3 = 6.73 times | 189.7/56.5 = 3.36 times | Investors RatiosEarnings per Share | 117.2/1287.1 = 9.10 pence | 97/1286.1 = 7.54 pence ... Get more on HelpWriting.net ...
  • 10.
  • 11. Rotary Cove Essay Dexter Holman October 16, 2011 CBAD 478 Rotary Cove Beach: Practice Case Analysis Rotary Cove Beach, of Goderich, Ontario, is troubled due to not having direct revenue streams, which in turn causes the beach to lose money on a yearly basis. The YMCA acquired the Cove's operations in 2003. More recent, the Goderich Town Council gave a $20,000 donation for operations, but the unprofitability of the Cove has caused the Council to reevaluate whether they should spend taxpayers money on a tanking beach. The branch manager, for the area YMCA, was forced into a mandating of a $370,000 net loss allowance. This mandate resulted in the YMCA trying to come up with ways the Cove could become profitable based on its' present situation. Internally, ... Show more content on Helpwriting.net ... First, the competitors' audience seems to be the adult crowd, which provides as an opportunity and suffering for the Cove. They are more family oriented and therefore less directly affected, but the adult night life seems to be more of a profitable success factor in the industry. This establishes there next threat which is the competition's high vertical integration. The competition brings in a direct revenue stream from the nightlife around the beach. Also for the future of the industry, if the economy gets better tourists may want to go outside of public beaches and go to the private beaches in the industry. These external factors show the industry norms and how well the Cove is doing in the industry. My first recommendation would be for YMCA to try and sell the company. My first reasoning behind this statement is that YMCA's strategy is not aligned with what the task provides. YMCA has aims for providing recreation for lower class families, which would be impossible if the Cove expects to gain any profits. YMCA is not the correct organization for the profit success of that beach. Another reason for my reasoning was the low industry attractiveness. The growth potential for the industry is very low and the degrees of risk and uncertainty are high. This in itself is reasons to leave the industry but overall the profitability is low. Both reasons provide a solid motive to sell and get out of the industry. My next recommendation would be to raise money in the YMCA's ... Get more on HelpWriting.net ...
  • 12.
  • 13. Impacts on Thorpe Park Economic Unemployment: In an economic depression unemployment rates and decrease in the flow of money into the economy. Thorpe Park will find it exceedingly difficult to earn profits. As a result they reduce their staffs that lead to unemployment. But they only hire seasonal staff who only work 9 months of the year so employees will become unemployed at the end of the 9 months every year. Unemployment is a major influence on Thorpe Park as it will affect its products for example if they are short on staff one person cannot check all the seatbelts are locked on the rides than activate it as it will take double the time to get the ride going and make the customers waiting time longer which will make them fail their objects of giving ... Show more content on Helpwriting.net ... Since saving capital at current interest rates is a possible source of revenue, higher interest rates tend to make new ventures less attractive. For instance, if a cost benefit analysis shows that a new program within a company is likely to yield a profit of 4% per year for all money put into the program, but the prevailing interest rates are 6%, the company is better off putting their money in the bank. In this way, interest rates dictate what a business will consider a strong return on investment. Thorpe Park will not have any time to save money as every 4 years they make a new ride which may be more profitable than putting money into savings account. Interest Rates and Investment A third impact of interest rates on Thorpe Park is its ability to raise capital through stock the value of stock prices. When a company goes public, it sells shares of the company in the form of stock to raise capital. Subsequently, the implied value of the business is tied to the share price of the stock, and share price is tied to demand for the company's stock. When interest rates are higher, the demand for investment tends to be lower, so higher interest rates are generally detrimental for Thorpe Park stocks, and their ability to raise money through a stock offering. The reason higher interest rates are bad for stocks is that ... Get more on HelpWriting.net ...
  • 14.
  • 15. Managerial And Behavioural Theory Of The Firm Introduction With the roots of the neoclassical theory of the firm dating back to the 1770's and some of the more recent developments being some 80 years ago, it is understandable that economists have begun to question how applicable the Neoclassical theory of the firm is to present day corporations. (Lipczynski, Wilson, Goddard, 2009) Managerial and behavioural theories have been developed with the intention of providing a more realistic insight into how contemporary organisations function. This paper will address how the managerial and behavioural theories differ to the neoclassical approach of the firm, and to what extent they enhance our understanding of firms. In doing so Baumol's sales revenue maximisation and Williamson's ... Show more content on Helpwriting.net ... At its most basic, neoclassical is reliant upon the surrounding market conditions controlling the decisions of firms. The Neoclassical approach to the firm provides us with a market–wide framework from which we can make predictions on future outcomes. During the eighteenth century economic thinking was heavily influenced by the growing textile industry, where the majority of suppliers were producing homogenous products; leaving no motive for the economic theory being developed to account for diverse market conditions. (Lipczynski, Wilson, Goddard, 2009) According to The Modern Corporation and Private Property Revised Edition (1969) written by Berle and Means, out of "The 200 Largest Non–Financial Corporations" in the United States "the number classed as Management Controlled increased from 88 to 169" from 1929 to 1963 respectively. (Berle and Means, 1968) Amidst the globalisation of firms and the rise of the stock exchange, firms have become more complex and there ownership has become more diluted. The supermarket industry is an example of how firms have become more multifaceted; selling thousands of heterogeneous products, buying from countless suppliers and being owned by whoever chooses to buy shares on the stock exchange. Due to firms increasing in both size and complexity, owners of firms often employ teams of managers to run their ... Get more on HelpWriting.net ...
  • 16.
  • 17. The Predictions And Effects Of Financial Accounting Introduction In the main analysis, this essay will describe the predictions and effects of financial accounting reports to discuss the statement based on the previous answer. In the conclusion, the essay will explain how the question helps to understand the importance of learning about accounting in its context. Main Analysis Predictions of Financial Reporting There are four preconditions of financial accounting reporting. Firstly, there are debates that upheld and against the regulation of financial accounting. The supporters of the 'free–market' technique dispute that there are proprietary economic incentives for organizations to report accounting information proactively, and forcing accounting regulation is costly inefficient (Deegan & Unerman, 2011). By comparison, the supporters of the 'pro– regulation' viewpoint dispute that regulation is requisite as financial information is a 'public good', and users of accounting information are 'free riders', so organizations will report a lower quantity of information than socially optimal (Deegan & Unerman, 2011). Secondly, various stakeholders have various viewpoints of the evolution of regulation. According to public interest theory, regulation is introduced to safeguard the community and regulators attempt to maximize public welfare (Deegan & Unerman, 2011). According to capture theory, regulated organizations will obtain command of the regulating procedure (Deegan & Unerman, 2011). According to private interest theory, ... Get more on HelpWriting.net ...
  • 18.
  • 19. The Impact Of Corporate Social Responsibility On The... Introduction Corporate social responsibility is not a new concept; it has evolved significantly, and presently it contains a number of terminologies, theories, and approaches. Nevertheless, one of the main issues that arise in this concept if the theories mix approaches, which use words that have different meaning and motives (Adolphson, 2004). This paper will thereby discuss and present theories of Corporate Social Responsibility in the context of ethical or normative and instrumental motivation. The paper will discuss CRS in both perspectives, which are ethical or normative perspective that mainly focuses in developing a better society, while instrumental perspective mainly centers its ideas on achieving economic objectives by creating social activities. From a normative perspective, the theory argues that the relationship that exists between the society and businesses is essential to ethical values. Therefore, from this point of view, businesses should accept Corporate Social Responsibility as an ethical obligation more than they should any other consideration. On the other hand, in instrumental perspective, Corporate Social Responsibility is a platform for the business to make profit, therefore, only the economic aspect of the interaction in this case is measured between the society and the business (Donaldson, & Preston, 1995). Primarily, the paper will base its argument on whether it is wrong for businesses to undertake Corporate Social Responsibility activities for ... Get more on HelpWriting.net ...
  • 20.
  • 21. Benefits Of A Non Corporate Taxpayer Expenses attributable to profit–seeking farm activities are deductible as either business expenses under IRC § 162 or production of income expenses under Section § 212. Under IRC § 162, ordinary and necessary expenses paid or incurred in connection with a trade or business are allowable as business expenses. Under IRC § 212, ordinary and necessary expenses paid or incurred in connection with the production of income, or the management, conservation or maintenance of property held for the production of income are allowable business expenses. Farm expenses that satisfy the requirements under IRC § 162 or 212 are allowable without regard to the amount of income derived from farming activity, subject to the risk rules, the passive activity loss rules and any other applicable limitations. If a non–corporate taxpayer engages in an activity without a profit motive, the activity is considered a hobby subject to the hobby loss rules. The hobby loss rules under IRC § 183 limit the deductibility of certain items with respect to an activity that is not engaged in for profit. The history of IRC § 183 indicates that one of the primary motivating factors behind its passage was Congress' desire to create an objective standard to determine whether a taxpayer was carrying on a business for the purpose of realizing a profit or was instead merely attempting to create and utilize losses to offset other income (Nickerson vs Comm, 1983). Congress recognized that "wealthy individuals have invested ... Get more on HelpWriting.net ...
  • 22.
  • 23. The 4 Basic Models of the BGS Relationship Essay 1. What is the business–government–society (BGS) field and what is its importance? 2. Explain the Four basic models of the BGS relationship Introduction: Business, government and society are fundamental in this world. Business satisfies human's needs by providing them products and services in exchange for profit. Government is a structure and process in society that with authority makes and applies policies and rules. Society is a network of human relations composed of ideas, institutions, and material things (Steiner, 2011). They all work together to create better solutions in all three elements. Forces in BGS have shaped our world. Content Analysis: Business, government and society are subdivisions of economic, ... Show more content on Helpwriting.net ... In the Market Capitalism Model it is easier for any individual to enter the market. Any new business that enters the market is in to make profit and to create competition. Competition creates and offers better value to customers and opponent firms. Businesses in this model focus on creative work and profitability. The creative work is well done therefore people are happy with the products, services etc. In the Market Capitalism Model management's goal is to increase shareholders interests (investments). Government regulations are limited. The dominance model represents the perspective of business critics. Society is in a pyramid but only a small group of privileged (corporations, government and business leaders) control society. Power and wealth are mostly concentrated in a selected group. In this model society does not have any control and it would probability experience difficulties. The corporations and the government take advantage of society. Business have too much power, changes in the systems is crucial. The countervailing Forces Model consists of four forces: environmental catalysts, business, government and the public. None of the forces dominate; the countervailing forces model implies exchange of power and influence among all of them (check and balance). In this model the power of ... Get more on HelpWriting.net ...
  • 24.
  • 25. Metaphors In Robert Solomon Ashlyne McComb Business Ethics March 8, 2017 Professor Norwood Solomon Book Report When people think about businesses they think about cruel, greedy, and manipulative companies that will do anything to make the most profit. Even though this is not entirely true for every company, it has become normal and acceptable in society. We associate these negative characteristics with businesses, and they have adopted them. In the first part of Robert Solomon's book, he shows all the metaphors of business. None of these comparisons are positive. They all have a negative concept that go along with them. The first metaphor that we learned in class and that Robert Solomon mentioned was Albert Carr's concept that business is like poker. Just like poker, business has no rules, and there are not any moral responsibilities that go along with it. You can do whatever you need to do to win and be the best business. Just like the poker metaphor, Solomon also talks about how business is like a jungle or a battlefield. All of these metaphors derive off the idea that it is every man for himself and that you do whatever you need to do to survive. Robert Solomon mentions, "Competition is said to be the backbone of business" (Solomon, 22). Competition is only the backbone because we use capitalism. Since companies are free to do what they want, but they need to be competitive with similar companies in order to progress. Even though companies have to compete to keep their business going it is not ... Get more on HelpWriting.net ...
  • 26.
  • 27. The Pros And Cons Of Private Prisons In the United States Criminal Justice System, lies a social institution driven by ego–centric tendencies, yet receives little to no attention. This social institution is called Private Prisons and often comprised of policy makers, private correctional facility owners, and brokers and each thrive on greed at the expense of humans, specifically criminals. Another label for this type of social institution is called prisons for profit. In any case, this institution remains unchecked for its ego–centric thinking and behavioral issues. The act of privatizing prisons certainly warrants attention, since the institution is driven by ego–centric tendencies such as greed and encourages or rewards self–centered thinking and behavior through large scaled profits. What is more troubling, while these institutions continue to expand, human and social interest are devalued in terms of decreasing other types of reforms for criminal behavior. Furthermore, these practices are defended and justified by the social institutional values which can be found in their mission statements and on their stock exchange websites. Moreover, the self–centered thinking and behavior is normal and accepted in their line of business. In an attempt to resolve prison overcrowding, a system of privatizing prisons was implemented. Private prisons are designed to alleviate some of the prison over–crowding by outsourcing their service to state run facilities that incarcerate criminals. The act of privatizing prisons is ... Get more on HelpWriting.net ...
  • 28.
  • 29. Drivers of Industry Financial Structure Essay Executive summary Ratios of ten companies are presented in this study. The companies are all headquartered in the United States and the financial statements are the most recent annual financials for the respective fiscal years ending in 1999 or 2000. The companies are: 1. Developer of prepackaged software 2. On–line retailer 3. Warehouse club for food and general merchandise 4. Major passenger airline 5. International hotel chain 6. Temporary staffing agency 7. Supermarket grocery retailer 8. Pharmaceutical company 9. Manufacturer of electronic communications equipment 10. Manufacturer and marketer of consumer products Analysis 1. Innovation is extremely important in the software industry and it ... Show more content on Helpwriting.net ... A common use of the Gross Margin is to estimate a company's breakeven sales volume.(Higgins,2012) 9. Manufacturer of electronic communications equipment has the lower Profit Margin and longer Accounts Receivable characteristic of a firm effectively bidding for government contracts. 10. Manufacturer and marketer of consumer products have a small size of Inventory 10.4% and its Net Plant & Equipment is 39.3%. The Unearned Revenues is zero and R&D/Sales is also 0. Conclusions  Service Industries: Temporary staffing agency, hotel and airline: balance sheets are C, D & I. I is the temporary staffing agency D is expected to be the airline C remains as the hotel  R&D Based Firms: Software, On–Line Retailing, Pharmaceutical and Communication Equipment. Financial statement candidates would be A, F, G & J. J is the software firm
  • 30. A is clearly the on–line retailer since it is losing. G is the communication equipment firm because it has the lower Profit Margin and higher Accounts Receivable. F remains the pharmaceutical firm because it has higher Margins due to the capacity to keep high drug prices. It also spends a significant amount on R&D while the competition is always coming up with a new product.  Consumer or Retail Based: Warehouse Club, Supermarket and Consumer Products firm. Remaining financial statements are B, E & H. B & H have low Accounts Receivable, Margins and high Inventory turnover so must be the warehouse club and the ... Get more on HelpWriting.net ...
  • 31.
  • 32. Columbia Memorial Hospital Case Study Essay Columbia Memorial Hospital Case Study 1. Using the historical data as a guide (Exhibit 6.1), construct a pro forma (forecasted) profit and loss statement for the clinic's average month for all of 2010 assuming the status quo. With no change in volume (utilization), is the clinic projected to make a profit? With no change in volume of 45 patient visits per day, the clinic is not projected to make a profit. 45 patient visits per day x 30 days in a month = 1,350 visits per month x 12 month = 16,200 visits per year Using the average data given (2010) of 45 patients per day, average $130 revenue per patient, and a cost of $3.50 per patient. The Forecasted P&L Statement is shown below. Forecasted Columbia Walk in Clinic ... Show more content on Helpwriting.net ... Break–Even Graph Without Marketing Campaign for Columbia Walk–in Clinic Key: Red Line: Fixed Costs Green Line: Total Costs Blue Line: Revenue Key: Red Line: Fixed Costs Green Line: Total Costs Blue Line: Revenue 3. Repeat the Question 2 analysis, but now assume that the new marketing program is implemented. USING JAN/FEB 2010 MONTHLY AVERAGE DATA With the new marketing program, there should be an additional 27.9 ≅ 28 visits per day. Calculation: $7,000 for new marketing program per month $3.50 variable costs of treating each patient $40.66 average revenue per patient $16,000 semi–fixed costs per month $40.66 x visits = $88,934 (total expenses) Visits = 2,187.26 – 1,350 = 837.26 visits per month/ 30 days = 27.9 visits per day or 28 extra visits per day Break–Even Graph With Marketing Campaign for Columbia Walk–in Clinic Key: Red Line: Fixed Costs Green Line: Total Costs Blue Line: Revenue
  • 33. Key: Red Line: Fixed Costs Green Line: Total Costs Blue Line: Revenue 4. Now focus solely on the expected profitability of the proposed marketing program. How many incremental daily visits must the program generate to make it worthwhile? (In other words, how many incremental visits would it take to pay for the marketing program, irrespective of overall clinic ... Get more on HelpWriting.net ...
  • 34.
  • 35. Similarities Between Moll Flanders And Persuasion In Moll Flanders and Persuasion both Defoe and Austen, respectively, present the economic realities of marriage in similar and contrasting ways. Moll Flanders was published in 1722 and exposes the harsh reality of life in the lower class. In 1817, Persuasion was published and sheds light on the leisurely lifestyle people in the upper class had. Throughout Moll Flanders, Moll changes her views on marriage. In the beginning, she believes that marriage is for love, but after she gains experience she views marriage as an economic profit. Similarly in Persuasion, Sir Walter Elliot, Mr. William Walter Elliot, and Mrs. Smith marry for economic profit. Even though the two worlds presented are approximately one–hundred years apart, the realities of marriage are similar. Moll Flanders and Mary Musgrove recognize marriage is a way for economic profit; however, their rationale drawing to them to this conclusion is different. After Moll's nurse dies, Moll is forced to be independent for the first time. She says, "now was I a poor gentlewoman indeed...I had not... a bit of bread to eat" (MF 54). Moll realizes she cannot make a living being a gentlewoman. This incident causes Moll to look for economic security. She is taken in by a wealthy family in Colchester. The elder brother in the family seduces Moll with compliments and begins to see her privately. He promises to marry Moll when he "[comes] to his estate"(MF 67; therefore, their marriage would yield a profit as the marriage would not got through until the elder brother inherited his piece of property. While they are in their relationship, the elder brother gives Moll "a handful of gold"(MF 63) and "five guineas"(MF 62), thus satisfying Moll's economic necessity. When Mary is talking about a future marriage between Henrietta and Captain Wentworth, she comments that Henrietta would become "'Lady Wentworth...[which is] a noble thing" (P 73). This demonstrates how Mary only sees marriage as a way for Henrietta to move up in status, and Mary deems that this marriage would be noble because of how economically profitable it is. Even though Moll and Mary are from the lower and upper class, respectively, their views on marriage are similar as it provides financial security. ... Get more on HelpWriting.net ...
  • 36.
  • 37. Does a Business Have Any Social Obligation Beyong Profit... NAME: ZOHAIB BAKHTYAR Topic: Does a business have any social obligation beyond profit motive? Sources Used: Arthur Miller, All My Sons, Ferdinand Tonnies, The Argument The Ethics of Business, The Economist Profit Motive, The Guardian Consideration of social responsibility is an important concern for the successful operation of a business. A business can be structured with the sole intention of maximizing profit, or it can be structured in a way in which social obligation beyond profit is considered. The two opposing views are introduced by Ferdinand Tonnies in The Argument, and correspond to his concepts of Gemeinschaft and Gesselschaft (Tonnies, Ferdinand "The Argument" from Community and Civil Society) The opposing nature of ... Show more content on Helpwriting.net ... He reflects his position relative to Geimenschaft by asking his father, "is that as far as your mind can see, the business? What is that, the world– the business? What the hell do you mean, you did it for me? Don't you have a country? Don't you live in this world? What hell are you? You're not even an animal, no animal kills his own, what are you?" (Miller, Arthur. "Act Two." All My Sons, Pg 70). Chris is devastated when he finds out his father is a criminal. He no longer wants to associate himself with his father and the business. While Joe is a reflection of Gesselschaft, rejecting all social responsibility for profit, Chris refuses to do so, and is an example of Geimenschaft. He says he is not 'inspired' by the business and would rather build something he can give himself to. He feels guilt to make money out of a business which does not value the men on whose labour it relies. The imperatives of the market are not factors that would alter Chris's association with Geimenschaft. Joe Keller, on the other hand, chose to move into the 'foreign land', into Gesselschaft, which is explained by Tonnes as a "transient and superficial thing" (Ferdinand Tonnies, The Argument from Community and Civil Society) where all the decisions can be materialistic and cease to exist as being a "living organism". Joe claims that he did it all for the family but in reality, by doing something so atrocious, he broke the family apart. As soon as one moves away from Gemeinschaft, one ... Get more on HelpWriting.net ...
  • 38.
  • 39. The Concept Of Corporate Social Responsibility The classic origin of the concept of corporate social responsibility (CSR) came from the principle that the purpose of the corporation is to make profits for the stockholders. This view of Milton Friedman came to be referred to later as the classical theory of CSR (Bowie, 1991). Tom Donaldson argued that this theory derived from the concept of the social contract between the corporation and the society where it operates. This perspective, however, faced criticism over its inherently opportunistic and exploitative viewpoint. A corporate vision aimed only at upholding the shareholder's right to profit for their investment logically will have to qualm of exploiting stakeholders to serve the end game of profit. It will have no qualms at paying ... Show more content on Helpwriting.net ... The Stakeholder Theory of Ed Freeman (1984) moved forward the neoclassical thought through the proactive concept of "protection and promotion of rights," incorporating the basic neoclassical theory with the managerial task of protecting and promoting the rights of various stakeholders. Thus, began the long and still unfinished debate over the concept of CSR, which will be discussed and argued further in this essay. Freeman (1984) defined stakeholders as any group, or any member thereof, whose existence necessarily results to the survival of the corporation (Bowie, 1991). Thus, stakeholders include such groups as stockholders, employees, customers, suppliers, the local community, and the managers. In effect, the theory expanded the focus of benefits toward one stakeholder (the shareholder) into other stakeholders inside (e.g. employees and managers) and outside (e.g. customers, suppliers, and local community) the corporate premises. The Stakeholder Theory proposed that protecting and promoting the interests of all stakeholders will provide the corporation's long–term profitability at the expense of the short–term gain. Wal–Mart should establish a "no–question–asked" return policy for its customers. CEMEX should pay for the cleanup of the surface waters near its cement manufacturing plant in the Philippines. However, the classical theorist cannot find the logic and moral responsibility of ... Get more on HelpWriting.net ...
  • 40.
  • 41. Hobby Loss Analysis Thank you for choosing me as your CPA and tax advisor. I have reviewed the information you sent me early this week regarding your dairy farm. I have analyzed the purpose and characteristics of your dairy farm to the best of my ability in order to provide you with a clear and objective conclusion on how the losses generated from it should be treated according to the tax law. This analysis would determine if the loss on the farming activity would be deductible as a trade or business loss or as a hobby loss on itemized deduction subject to a 2% AGI limitation. Throughout the coming paragraphs, I will be using the nine factors on the Treasury Regulation Sec. 1.183–2 in order to analyze and determine if the intention of this farming activity is ... Show more content on Helpwriting.net ... To illustrate, along with the $75,000.00 loss from the farming activity, you realized a $400,000.00 net income from your medical practice; therefore, you have a large amount of income generated from other source, and the farming loss will represent a great tax benefit, reducing your AGI by the amount of the loss. According to Treasury Reg. Sec. 1.183–2, "Substantial income from sources other than the activity (particularly if the losses from the activity generate substantial tax benefits) may indicate that the activity is not engaged in for profit" (year). When I looked at the personal motives related to the farming activity, I was able to understand that one of the reasons why you bought the farm was because you wanted your children to live their childhood in a safe, relaxing and comfortable environment like a farm. According to the article, "Tax Court opinions is that the mere fact that a taxpayer derives personal pleasure from a particular activity does not, per se, demonstrate a lack of profit motive," when there has been significant amount of time devoted to the activity. In your case, you and your family have demonstrated to devote some time to the farming activity by performing multiple tasks in the farm. Nevertheless, it is difficult to prove that those tasks are not a way to spend and enjoy more time with your ... Get more on HelpWriting.net ...
  • 42.
  • 43. Similarities Between Public And Public Administration Introduction A public institution is different from a private one. With that being said one can't expect them to do everything in a similar manner, but there are similarities that they share. This assignment aims to bring light to what those similarities and differences are and how public administration can be explained in order to give one understanding before we get deep into the topic. Five ways in which Public administration has been explained According Thornhill et al (2014:15) Public Administration is a study that ensures that there is a governing body or a course of action that is in place to ensure that the people in the institution or organization perform the very work or duties that are assigned to them, and if one does not perform his or her duties to the fullest capacity one will be held ... Show more content on Helpwriting.net ... The pair also uses workers who have the necessary skills to organize and keep accounts, maintain the files of the administrations, etc. According to Naidu (1996:12) profit making is not only normal to private administration, it has also become an acceptable for public administration to indulge in profit making. It is also stated that private administration has become a new player in the industry of public service. Thus in the support they get from the community they operate it, they have seen that they too should do their bit for the public. According to Naidu (1996:13) in terms of personnel management they are similar in a manner that private institutions have adopted the practices of public administration. They now see how they can reap the benefits of treating their personnel in a good manner and how it impacts on productivity. Public institutions have also in some ways mimicked the operations of private ... Get more on HelpWriting.net ...
  • 44.
  • 45. Argument For Promotion Of Core Csr I am a Must/Must/Can and through this paper, I will argue my middle must against my opponent (Milton Friedman's) "must not" argument for promotion of core CSR. WE MUST PROMOTE CORE CSR vs WE MUST NOT PROMOTE CORE CSR Milton Friedman, in his work titled, " The Social Responsibility of Business is to Increase its Profits", emphasizes the role of business in society is to maximize shareholder wealth, and likens any activity misaligned with regard to that mission as "stealing". In my argument against Milton Friedman's "must– not" engage in core CSR stance, I would like to introduce the argument of expanding the responsibility of business to only maximize profit. Before I elaborate, please consider the following example: GlaxoSmithKline( henceforth referred to as GSK), the 6th largest pharmaceutical, publicly traded firm in the world, that in March 2016 stopped filing drug patents in low income countries such as Botswana, and partnered with NGO's to administer vaccinations and screen for conditions like malnutrition and HIV. In fact, one of GSK's medications administered through this program, saves about 0.5 M Botswanans per year from malaria. The argument promoting core CSR rests on an analysis of the "Responsibility Gap", as described by Margolis J of Harvard Business School. The responsibility gap analyses the responsibilities that firms have beyond their financial obligations and fiduciary responsibilities. On the individual level, humans have limited capacity to ... Get more on HelpWriting.net ...
  • 46.
  • 47. Similarities Between Moll Flanders And Persuasion In Moll Flanders and Persuasion both Defoe and Austen, respectively, present the economic realities of marriage in similar and contrasting ways. Throughout Moll Flanders, Moll changes her views on marriage. In the beginning, she believes that marriage is for love, but after she gains experience she views marriage as an economic profit. Similarly in Persuasion, Sir Walter Elliot, Mr. William Walter Elliot, and Mrs. Smith marry for economic profit. Even though the two worlds presented contrast each other, the realities of marriage are similar. Moll and Mary recognize marriage is a way for economic profit; however, their rationale drawing to them to this conclusion is different. After Moll's nurse dies, Moll is forced to be independent for ... Show more content on Helpwriting.net ... She realizes that the marriage would not be economically profitable. Moll decides to be in a relationship with the Bath gentleman because he is an economic profit. He "supplies [Moll] with money to subsist [her] very handsomely"(MF, 168). Even though they are not married, the relationship is providing Moll with financial security. Both Anne and Moll realize that marriage is an economic profit, demonstrating the similar views the upper and lower–class have on the economic realities of marriage. Humphrey, Sir Walter Elliot, and Mr. Elliot try to marry women for economic profit. After Moll convinces Humphrey that she "was very rich"(MF, 125), he believes her and "courts [Moll] for [her] fortune"(MF, 125). Humphrey views his marriage to Moll as an economic profit. This shows that the economic realities of marriage for men could also be lucrative. After they are married, Moll tells Humphrey that she was "very poor" (MF, 127). This saddens Humphrey because "he was disappointed with his expectations of fortune" (MF, 132). This shows how Humphrey saw marriage as a means of financial security. In Persuasion, Sir Walter Elliot had "one or two private disappointments" (P,5) showing that he too is trying to marry a woman of a high financial standing than him, but is unsuccessful. This implies that is hard for a man to marry for an economic profit as both Humphrey and Sir Walter Elliot have been profitless. Mr. Elliot "was determined to ... Get more on HelpWriting.net ...
  • 48.
  • 49. Keurig Case Analysis KeUrig Case Analysis Introduction Keurig has been successful in selling its coffee brewing system to the office coffee segment (OCS) of the US market. This success led its leaders to ponder entering the consumer market. While making the move might seem like a reasonable next step in the development of the company core business, it also presents unique challenges. The biggest of those challenges concerns the danger of losing the existing OCS business due to a possible disruption of the unique distribution channels that the company relies on for OCS. The management also has to decide on the appropriate pricing scheme for its new brewer, which is further complicated by the proprietary nature of the coffee cup (aka K–Cup) that comes with ... Show more content on Helpwriting.net ... Keurig should probably refrain from undercutting KAD by offering lower priced coffee; since currently KAD offer coffee cups for $0.40–$0.50, pricing slightly above that range will avoid the undercutting Our recommendation is to price K–Cups slightly above $0.50 but below $0.58, perhaps at $0.55. Is Keurig–Cup a necessary fence? In order to answer this question we first have to consider whether the value provided to the commercial and residential markets is the same. While it may look like the value is similar, upon closer inspection, we can identify an important distinction between the values provided to the two markets: While the typical residential customer will only value the coffee making ability of the brewer, the commercial customer will also value the service that comes along with it In fact, the case alludes to this fact where it says that "Office managers are all about eliminating headaches". Hence, even without the two cup system that would have introduced a physical fence, the "products" offered to the two markets are not equivalent. Therefore, we do not believe that the new Keurig–Cup is a necessary fence to price discriminate between commercial and residential markets. Appendix A Brewer Price Elasticity Price | Log(Price) | Share (%) | Log(Share) | 199 | 2.298853 | 6 | 0.77815125 | 149 | 2.173186 | 9 | ... Get more on HelpWriting.net ...
  • 50.
  • 51. Communities On The Internet That Anyone Can Join Nowadays... There are many communities on the Internet that anyone can join nowadays. No matter what someone's interest is, more than likely there is some community on the Internet for them to join, especially if it is on social media. One thing that most teenagers do is go to a university, and sometimes going away from your parents and starting an independent life can be quite scary. There is a community online called The Student Room, which is for anyone that is applying to universities, just moving to a college, or is already attending. Even though there are plenty of communities that are like The Student Room, each community has its own characteristics that make it unique to itself. Whether that is the type of people that are in the community to the type of tools that are used to accomplish their goals, each community is similar to others but different in ways that make them successful. In order to identify what makes a community different, one must analyze the activity system and from there on figure out what makes it unique. Kain and Wardle state that an activity system is "a group of people who share a common object and motive over time, as well as the broad range of tools they use together to act on that object and realize that motive" (275). This definition of an activity system fits the community The Student Room because at the end of the day all the students that are a member of the community just want to graduate from college with ease and still have fun. They use a broad ... Get more on HelpWriting.net ...
  • 52.
  • 53. Managing Diversity Essay International management refers to the pursuit of organizational objectives in more than one nation. International management has evolved as a discipline of increasing importance in recent years. The underlying reason is that the corporate community is becoming more and more diverse. Improvements in transportation and communications and lower production costs in many countries around the world have made global markets more accessible. Although United States–based firms have immediate access to huge domestic markets, they have steadily increased the proportion of their foreign markets. It has been estimated that about 10 percent of all jobs in North America are dependent upon export and import trade. Other indicators, including foreign ... Show more content on Helpwriting.net ... The most pervasive root problem in con¬ducting business in another country is that an assortment of cultural values may be in conflict with company values. Culture in the sense used here refers to the customs, beliefs, values, and patterns of behavior of a given society. An important example of conflicting cultural values relates to the need for achievement . In a society where most people have a low need for achievement, the profit motive may not be very strong and most employees may not have a strong sense of time urgency. 2. Unfavorable political climate. An unfavorable or even hostile political cli¬mate can make it particularly difficult to conduct business in some foreign countries. In extreme cases, widespread rioting, kidnapping, and hostage taking may make it imperative for peeople of certain nationalities to leave a country. Political attitudes may also interfere with equitable human resource practices in the home country. North American companies with facilities in South Africa face a continuing challenge of this nature. The South African government officially sanctions the practice of apartheid, a separation of white and black people that perpetuates the repression of the black majority by the white minority. In the workplace this means that South African blacks can only occupy lower level positions and are paid much less than whites in those same positions. 3. Fluctuations in the national economy. Most national economies follow a general worldwide trend, ... Get more on HelpWriting.net ...
  • 54.
  • 55. Motive Vs. Evidence: The Scott Peterson Case Some may not know there's a difference between motive and evidence, but there is. They might seem similar but there different. Motive is a persons' reason for doing something. For example one of Scott Peterson's motives was money issues. On the other hand, evidence is the facts indicating a person did something. In the Scott & Laci Peterson case, Scott was found guilty of the murder of his wife Laci and unborn son Conner. Laci was eight months pregnant and throughout their marriage, Scott has had numerous affairs. His most recent one was with Amber Frey. 14 days before Laci's disappearance, Scott had told Frey that this would be his first Christmas without her. On the day of December 24, 2002, Laci was reported missing from her home. ... Get more on HelpWriting.net ...
  • 56.
  • 57. A Balanced Score Card 1 A Balanced Score Card Lisa Thompson Htt/220 April 17, 2011 Samuel L Grant 2 The most important thing to having a successful business is to have the most up to date information. If you have all the information at your fingertips it can help you to make the best possible decisions. What kind of information is available and how do we sort through it and use this information? In the hospitality industry the amount of information received everyday is overwhelming, and it isn't possible for staff to be able to sort through it and organize it properly. In the hospitality industry the information technologies are the tools that the staff uses to sort and manage the information and the balanced score card is just one ... Show more content on Helpwriting.net ... There are many ways the food and beverage department can use this information, such as staffing needs, and also the efficiency of the current staff. It can also help to access the relationship between the food and beverage department and its vendors and then changes can be made if necessary. Managers can use the information to make sure that the department is meeting their budget and its goals for the hotel. There is also customer experiences that are collected on the balanced score card, and this information can help managers improve to better fit the needs of customers. The information on the card can also show the managers the busy time of year and the slow time which helps in ordering inventory, when specials need to be ran and when the department may need to hire more staff. The balanced score card information is very helpful for managers to be able to know when to hire for different departments. Because of the hotels off seasons in spring and fall, the hotel may need less employees for one department and still need the same amount in another department so by looking at the balanced score card it is easier to determine. It can be used by managers for staffing, such as extra weekend staff during the busy season, or a holiday weekend and this information is all found on the balanced score card. There are some other examples of information that can be found such ... Get more on HelpWriting.net ...
  • 58.
  • 59. Birch Paper Case Birch Paper Company Individual Case Strategy & Key Success Factors: Birch Paper (BP) company is structured in such a way that it is decentralized, and each division acts as a profit centre. Furthermore, it uses vertical integration with examples such as Timberland division supplying pulp, and the Thompson Division (TD) providing printing and colouring. This strategy, which composes of decentralization along with the design of profit centres indicates a profit maximization strategy, which involves keeping costs low through obtaining multiple bids. This strategy is reliant on several key success factors: goal congruence among all divisions. Although managers from each division have the right to choose ... Show more content on Helpwriting.net ... If senior management force decisions to the front–line, it can question the merit of a decentralized structure. If taken further, it can lead to a company culture defined by divisional tension and distrust. As a result, teams may be afraid of being forced to accept higher transfer prices in the future. The key to preventing this outcome is clear communication among each division. The most significant discussion involves identifying whether the problem is a one–time event, or if the problem is systems–related. Upon examination, the circumstances reveal a systems related issue joined with goal incongruence. The current structure of BP promotes profitability among individual divisions. As a result, divisions will be inclined to pick projects that are most profitable for them. However, as outlined in this case, this structure is not ideal as the optimal decision may be different for the company and the division. Therefore, there is a flaw in the system, not in the division managers. This brings up the question as to whether the system should be changed. Taking into consideration that this transaction accounts for only 5% of overall volume, it would make most sense for the company to not change policy. The costs involved in drastically modifying the system do not outweigh the benefits provided. However, this is not to say that BP should do nothing; BP can implement measures in place to prevent situations where divisions take on unprofitable ... Get more on HelpWriting.net ...
  • 60.
  • 61. Congress Must Reform Current Legislation Restrict... Affirmative Case Congress must reform current legislation to restrict bioprospecting on federal land, and regulate the amount of monetary gain that landholders can receive from bioprospecting companies that use their resources. The National Park Service is a smaller government agency within the Department of Agriculture. This is the agency that is in dire need of legislation to restrict bioprospecting, and manage the profit margin that national parks can receive from allowing bioprospecting companies to use their resources. Observation I – Harms/Significance/Motive The Department of Agriculture manages land owned by the federal government. As a result, the Department of Agriculture would enforce laws regarding how the federal government might profit from prospecting natural biological resources within the United States. However, if Congress does not pass legislation to dictate when, where and how bioprospecting can be profited from then individual agencies may characterize bioprospecting as "scientific research." It is moral and legally ethical to use bioprospecting profits for maintaining national parks. The Biodiversity Treaty sanctioned that countries whose biological resources are exploited by bioprospecting companies have a right to share the financial benefits resulting from the sale of these resources (Adair, 1997). National parklands are owned by the federal government. Therefore, our national parks have the legal right to share in the financial benefits that ... Get more on HelpWriting.net ...
  • 62.
  • 63. Moral Differences Between Kraft And Cadbury Cadbury and Kraft both have different morals and approaches to how the business is run. Cadbury is a firm that is based in United Kingdom which has been living the legacy since the past 200 years and has hence reached a stage where the processes are well disciplined and well managed. The aim that Cadbury had was to produce high quality products in a way that the cost is minimized and the efficiency of the product is increased. The Quaker tradition has been made use of in order classify employees according to their Christian values. On the contrary of Cadbury, we have Kraft which has been operating in more than 25 countries worldwide and is hence a multinational company. The employees have suffered through a great deal as a result of the takeover by Kraft. Kraft had to pay back its debts and achieve its profit target and therefore, it decided to shut down the British counterpart and this made 10,000 employees lose their jobs. In addition to that, Kraft also closed down the Somerdale factory of Cadbury ... Show more content on Helpwriting.net ... This "cultural shock" is when individuals have been all of a sudden sent abroad or in another social environments. Kraft is a multinational organization which was built up in the modern time of industries but then again, Cadbury is a British organization established in seventeenth century which took after the Quakers and country conventions. This made the employees feel differently about how they were going to work about in their very own organization and hence, the most essential part of the organization was largely influenced; the workers. An aggregate number of 120 out of 170 chiefs and officials have surrendered since Kraft assumed the control of Cadbury. The key issue of this is effect that the overall culture is faced with. This is basically on the grounds that both the organizations originate from various social roots and have alternate points of view and conditions (Financial Times, ... Get more on HelpWriting.net ...
  • 64.
  • 65. Busn Simulation Case Essay JOhnson beverage inc | Johnson Beverage Inc | Case Analysis | | Holly Redden, Claudia Nunez | 11/7/2012 | An in depth analysis of the current costing methods used by the beverage distribution company, Johnson Beverage Inc. | Table of Contents: Executive Summary...................................................................................................................................................1 Problem Statement...................................................................................................................................................1 Analysis .......................................................................................................................................................................1 Impact Analysis .........................................................................................................................................................2 Criteria for an Effective Solution .............................................................................................................................3 Evaluation of Alternatives ........................................................................................................................................3 Recommendation ... Show more content on Helpwriting.net ... Losing Saver Superstore would result in a large reduction in sales volume. This would also mean a reduction in demand for delivery and warehouse labour as well as sales visits. A reduction in sales volume also means a reduction in profits which affects management salaries as well as the president and owner. The loss of Saver Superstore as a customer is not the only concern, there are 19 other customers who would likely favour a supplier who can offer a more competitive discount than your company is willing to provide. The current inaccurate method of cost allocation that your company is using rates Saver Superstore as having one of the lowest profit margins of all customers, this is because of the fact that costs are allocated based on revenues. A supplier that is using a more accurate cost allocation method may be able to see the true profitability of Saver Superstore and in doing so, provide a better discount. This could prove fatal to your company if all customers are lost to competitors. Criteria for an Effective Solution: Your company's solution should follow and be judged by the following criteria. Accurate Profitability, by allocating costs more precisely you will be able to trace and record each customer's profits and losses. Future Potential of Customers, with a more accurate method of allocating costs and profitability your company will have a greater understanding when making decisions on the future potential of each
  • 66. ... Get more on HelpWriting.net ...
  • 67.
  • 68. The Pros And Cons Of Toshiba Introduction In recent years, both domestic and abroad continued exposure accounting fraud, financial fraud and other cases, internal control has been a hot topic that people focus on. Accounting fraud has spread to all types, become a common phenomenon in the wider economy. In response to this, the recent discussion focused on improving accounting professionals (including accountants and CPAs,) of professional and ethical standards, to strengthen accounting practitioners and increasing the penalties for non–economic aspects. Since the end of 2001, "Enron case" exposure, the World Communication, Merck pharmaceutical and other big international listed company's accounting fraud scandals has come to light. It fully exposed that the top managers ... Show more content on Helpwriting.net ... The report said Toshiba CEOs put intense pressure on subordinates to meet sales targets after the 2008 global recession. The pressure often came right before the end of the fiscal year, which has pushed certain employees to deferred losses or push forward sales on accounting. 3. Toshiba said that eight of 16 members of the current board of directors are resigning, meaning more than half the board will be gone. 4. After consulting with third–party committee within the company, about 200 management staff pointed out that Toshiba in many businesses is suspected of financial fraud, such as infrastructure construction business, semiconductor business and the PC business. In this example, Toshiba's corporate culture is obedience to superiors, which is one of the important factors that cause the accounting fraud. Investigative also find that weak corporate governance and internal control is the main problem that cause the system went wrong. Motivation of accounting fraud In an increasingly competitive stock market condition, the security market is an important stage to show a good corporate image and a good position in the market competition. Therefore, listed companies management strives to find ways to improve company performance. The motivation of accounting fraud of listed companies stems from three ... Get more on HelpWriting.net ...
  • 69.
  • 70. Dupont Model Analysis DuPont Model Analysis: Assignment 1 DuPont Model Analysis: Assignment 1 Name University of Maryland University College September 23, 2009 TABLE OF CONTENTS Introduction 3 Analysis 3 Recommendations 6 References 8 Introduction The DuPont Method is a financial method that was first introduced by the DuPont Company in the 1970's (Brooks, Callahan & Stetz, 2007). It is used to highlight how a company's finances affect its return on investment. This assignment uses the DuPont Method to analyze the finances of Dick's Sporting Goods Company. In addition, the results of the analysis are compared to imaginary industry standards. Based on the comparison, recommendations will be provided to ensure that Dick's Sporting ... Show more content on Helpwriting.net ... Operating Expense Ratio – the company is not maintaining a high percentage of profit after it pays fixed asset type expenses 5. Net profit, plant & equipment ratio – the company is not effectively utilizing their depreciating fixed assets. The chart below outlines, in accordance to the DuPont Method, the problem areas and their connectivity to the other areas in the financial model. [pic] Chart 1: DuPont Model of Dick's Sporting Goods Please note that the areas in red are the problem areas. The arrows show how each area impacts other areas. The table below lists the ratios of Dick's Sporting Goods and their standing compared to industry standards. [pic] Table 1: Comparison chart Recommendations It is recommended that Dick's Sporting Goods execute one critical problem resolution process to regain their competitive edge in the industry. Working from the bottom up, the company should replace the
  • 71. failing fixed assets. New or well maintained fixed assets would increase productivity and result in reduced downtime and costly repairs. In addition, the net profit, plant & equipment ratio, gross profit margin and operating expense ratio would all increase to at or above industry standards. The direct result of their effort would be seen in the increase net profit margin. Funding for the hardware replacement refresh should be provided ... Get more on HelpWriting.net ...
  • 72.
  • 73. Est1 Task 1 Essay Part A Company Q does not currently have a positive attitude toward social responsibility. They recently closed several stores in higher crime areas. This has eliminated job positions that were held by residents of the area and taken away revenue from the community itself. This is not being socially responsible. The company just started offering a limited selection of health and organic foods despite that the demand from customers has been there for years. They have also made the decision to not donate day old food to the local shelters, opting instead to waste the food by throwing it away. Company Q needs to make several changes in their company behavior in order to become more socially responsible. Part B Company Q closed ... Show more content on Helpwriting.net ... Company Q has had a large demand from their customers to provide healthy and organic foods over the last few years. They recently started offering a small variety of health and organic food items, which is a step in the right direction toward being socially responsible. They need to be more attentive to the needs and wants of their customers as it shouldn't have taken years to bring in these demanded products. When there is a demand for products and the company doesn't respond to that demand, it's perceived by the consumers that the company simply doesn't care about their needs and wants. Bringing in a selection of these products was a good start in satisfying their customers. However, with such a demand for these items, having a small and limited selection is just not enough. Expanding the line of health and organic food items will accomplish two things. First and foremost it will appease the current customers and bring in a new clientele that is health conscious, thus helping to create a healthier community and at the same time increasing sales. The higher margin on the health and organic items coupled with the increase in sales will really boost the overall profit margin of the company. Company Q does need to be sure that they don't over price these products so as to not push away business due to overpricing. Company Q was approached about donating their day old food to the local shelters and they refused on basis of concern that employees ... Get more on HelpWriting.net ...
  • 74.
  • 75. Essay about Wgu Social-Responsibility Critical Analysis A Critical Analysis of Company Q's Social Responsibility Xavier Smith Western Governors University Abstract This essay is a critical analysis of the behaviors that Company Q has demonstrated with regard to social responsibility. In essence, Company Q's behaviors, while reasonable reactions to maintain financial viability and avoid contribution to employee malfeasance, actually demonstrate a profound solicitude that results in a negative public image that will end up costing it more in the long term. I will offer solutions that will provide a cost savings while keeping Company Q from making further embarrassing errors. A Critical Analysis of Company Q's Social Responsibility Unfortunately, Company Q has not made wise ... Show more content on Helpwriting.net ... With these stores removed from both neighborhoods, where are the residents of those neighborhoods supposed to shop? And with the removal of the stores, what impetus do the few other grocers have to keep prices reasonable for people of that socio–economic level? Scenario 1–Resolution I recognize that a possible rebuttal to any of the aforementioned questions is, "If the residents are not shopping there and putting money into the store, why would we be expected to stay open?" I would offer that such a rebuttal is wrongheaded. Perhaps a better question may be, "What are we doing to cause residents to shop elsewhere or to not spend more money with us?" Does Company Q offer the food choices these residents want? Is the layout of your stores conducive to these residents? Are the prices too high? Do the staff you employ in these stores look like the residents who shop there? If the answer is "no" to any of these questions, we will have unlocked one of many possible reasons why the store is unprofitable. It is then Company Q's responsibility to address these issues instead of packing up shop and moving to the more affluent areas of town, where they are not concerned that a jar of pickles may cost $40. Scenario 2 With a weight epidemic ravaging the country, Company Q made its decision to offer health– conscious food fare only after it could find the foods that provided the highest margin of profit for it. That is ... Get more on HelpWriting.net ...
  • 76.
  • 77. James Hurst's Short Story 'The Scarlet Ibis' Imagine having a brother who is incapable of doing anything for himself. James Hurst's short story tells the tale of a young boy in this position and the way his mindset is. In the short story "The Scarlet Ibis," James Hurst uses imagery, setting, and motif to convey Brother's feelings of guilt. By using these literary elements, Hurst allows the readers to take a deeper look into Brother's perception towards Doodle at the time. Hurst uses imagery to show how Brother feels guilt for causing Doodle to die. "I ran as fast as I could, leaving him far behind with a wall of rain dividing us." Brother remembers when Doodle says "Brother, Brother, Don't leave me! Don't leave me!" Brother feels guilt for leaving Doodle once before. When Brother runs away from Doodle, he is not actually running away from him, he is running away from the guilt which Doodle causes him to feel. Brother looks at Doodle and feels guilty for leaving him at a time of trouble before. Hurst uses the rain as a way to symbolize guilt and sorrow. "' What are you crying for' They did not know that I did it for myself, that pride, whose slave I was, spoke to me louder than all their voices." In this scene, Hurst shows the guilt in this scene using imagery by showing us Brother crying. This is Hurst's way of showing us guilt. When Brother cries, it is because he feels guilty of his motivation. His only reason for helping Doodle was because he was ashamed of "having a crippled brother". ... Get more on HelpWriting.net ...
  • 78.
  • 79. Milton Friedman Main Points Summary A Summary of Milton Friedman's CSR Main Points argues against the concept of social responsibility. He further states that using resources will increase profits while staying in the game rules of business. Business responsibilities require that the business must act responsibly by reducing the price of the product produce so that it eliminates inflation. Ensuring the products produced stay within the environmental laws and regulation to reduce pollution. When a business hires the less skilled or unemployed, according to Friedman, is spending the business shareholders' money for local social interest. His argument with this statement is that there is one and only social responsibility of business which require the its resources as well as ... Show more content on Helpwriting.net ... When the business in observing all the laws governing the business allows the corporation to have the social status as law abiding. This action will fulfill the legal obligation that the governing shareholders expect management to follow and or meet while providing the utmost quality product and services. Archie Carroll proposes that the ethical responsibility of an organization's management is to follow the generally held beliefs, about the behavior in a society. In the ethical responsibilities approach suggests that business must embrace their actions, standards, practices and norms that even though they are not classified as a law or regulation. Other aspect of the ethical expectation requires that businesses must conduct operations while not compromising ethical norms. The goal of these expectations requires employees to be responsible to the fullest existent of norms, business standards, values, and principles with respect to the stakeholders' moral rights. This can be achieved in a fair and objective manner, even when laws do not provide guidance or other courses of action. Archie Carroll proposes that the philanthropic responsibilities: Corporate philanthropy is the performance within society's expectations of philanthropic and charitable. Certainly, these ... Get more on HelpWriting.net ...
  • 80.
  • 81. Social obligation of business Abstract There were arguments that obligation of business is to maximize long term profit for shareholders in a sustainable way, while others call them to involve more to social responses. Each judgment has its own reasons which this research sought to analyze. Based on that, certain social obligations of business will be addressed with evidences, showing their necessary of being more responsible to social outcomes. Key words: corporate social obligation, shareholders, corporate profit, social responsibility Introduction There has been a long debate on the role of business in society. Some people agreed with argument of: "The social obligation of business is to sustainably maximize long–term profits for shareholders. ... Show more content on Helpwriting.net ... In cases where corporate profit and social benefit aligned, CSR might not be considered and therefore irrelevant. Or in other cases where corporate profits and social welfares are opposite, then the profit will be taken into consideration, as business management will always want to prioritize shareholder's interest. An example for this is the Vedan Seasoning Manufacturing company in Vietnam where they disposed a large volume (5,000m3/day) of untreated waste water to the Thi Vai River which caused water pollution for the surrounding environment. If the management applied the advanced and automatic treatment system for waste water, which therefore improve waste water quality before discharging to environment then a large share of the investment would cut their profit down, which not all shareholders preferred. Another example is about salary increasing for staff. Some textile corporations in industrial zones of Binh Duong province (Vietnam) had their workers working overtime to complete urgent garment export contracts. In these cases the managements always had to take into consideration whether they will higher much salary for workers or pay them with small extra amount and keep their profit portions unchanged in their book. Most of the time, the latter choice had been being decided. Corporate Social Responsible AND corporate profit? Over the ... Get more on HelpWriting.net ...