Archive for category: Business paper

Terrific toys: A case in relevant cost and product mix 1. Product mix for the upcoming year: (a) For the upcoming year, do you agree with Brian Jones’ rationale to not change the product mix from the last year? Why? Show your supporting calculations. (b) Suggest changes, if any, that RPCES should make to the product mix for the upcoming year, and compute the effect of the suggested change on the net income of RPCES. For answering this question, ignore the possibility of off-shoring and the special order. 2. Analyses of special order: Taking into account the financial and non-financial considerations, explain whether the special order should have been accepted by (a) Brian Jones, the manager of the RPCES division, and (b) by the headquarters of Terrific Toys. Show supporting calculations and explain your rationale. Terrific Toys1 A case in relevant costs, product mix, and off-shoring analyses Andy Rosenthal was getting anxious. Just when he thought that he was almost done with his summer internship at Terrific Toys (hereafter, TT, or the Company), and started entertaining the prospect of getting an offer for a full-time position upon graduation, Mr. Anderson, TT’s controller, called Andy to his office for a brief meeting during which the following conversation ensued: Mr. Anderson: Thanks, Andy, for the great job you’ve done during the last two months on the forecasted financial statement preparation. We sent the forecasts to the bank and I understand that our loan proposal will be approved soon. Now comes the final part of your internship. In completing this assignment, you will interact with the divisional managers of the Company. As you know, they too will have a voice in deciding whether TT will extend you a job offer upon your graduation. Andy (suppressing his disappointment at the prospect of a disappearing vacation before the start of the school year): That’s great. My professors have always told me that accounting involves more than crunching numbers. This will provide a good opportunity to me for professional interaction and growth. What would you like me to do? Mr. Anderson (smiling): Help me put some financial sense in the heads of our divisional managers! Brian Jones who manages our Racer Pedal Cars and Electric Scooters division, for example. Brilliant engineer, I agree, but believe me, no financial sense. I’ve toiled tirelessly for more than a decade to develop a darn good system for cost accounting and performance evaluation at Terrific Toys but some of these divisional managers aren’t using it properly. And I have been getting an earful from our CEO, Dan Smith. Andy: What do you mean? I don’t quite understand. Mr. Anderson: You see, while many of our managers are doing a good job of manufacturing and marketing their products, they don’t get the financial part. Andy: I noticed while compiling the financial forecasts that Brian’s division sold electric scooters at a loss last year. Mr. Anderson: That’s what I mean. Our division managers can use some accounting and finance acumen to boost our bottom line. As you heard during the CEO’s address to the

Introduction This final project involves two parts: Part A involves a reflection upon and summary of learning in this course. Part B involves the development of the Blueprint for your business idea (steps 1 to 5) and the go or no-go decision (step 6). Steps and Allocation of Marks Part A is worth 10% of your total course mark; Part B is worth 40%. Each part has two sections and is weighted as follows: Final Project: Part A—Self-Evaluation of Learning Introduction

In Part A, you will look back at the journalling you have done throughout the course and contemplate the ideas and views you expressed. If you have spent time journalling, doing the extra readings, and reflecting on the ideas and information you have been learning throughout this course, then much of Part A is already done. Instructions Part A Section 1: Summary and highlights of your journalling (50 marks) Prepare a 500–750 words (2–3 pages, double spaced) document that:

 

The paper is an individual project where you will be focusing on analyzing core microeconomics variables (or any economic topic) of your choice delivered in a college level format paper (look at sample in the library, online, etc.). Propose and explain a solution for one current or future economic problem of your interest. In the other word, choose an economic issue or subject that you care deeply about or offer a solution to a problem you care about. To get ideas, check out the library, news, economic journals or other sources. . You may NOT choose the topics that class discusses on the discussion board.Analyze and evaluate your solution.

Be sure to explain everything in your own words. If you have any doubt about your chosen topic, please discuss it with me before you start writing your paper. The paper will be presented in an MLA format using Microsoft Word. Your paper should have a name, section number, the instructor’s name and topic. The paper should be double-spaced and Time New Roman font. No late submissions will be accepted for any reason, including technical, personal, or other After you submit the paper, you must make sure it’s not a corrupt file The paper must contain between 800-1200 words (without the citation)

Description

**MY COST BENEFIT ANALYSIS TOPIC IS HIRING AND TRAINING STAFF TO IMPROVE PATIENT SAFETY DURING ALL STAGES OF HOSPITAL ADMISSION**** For this assignment, evaluate and analyze the cost and benefit data you developed. Remember that your cost-benefit analysis must relate to one of the following topics: •Quality. 11/15/2019 Writers Hub – Freelance Writing https://www.writershub.org/writer/orders/498102#instructions 5/7 •Patient safety. •Risk management. •Regulatory standards. •Compliance. •Patient and stakeholder satisfaction.

Note that an effective cost-benefit analysis cannot be conducted in a vacuum and risk management cannot be effectively implemented within a silo (Youngberg, 2011). Rather, savvy health care leaders consider each cost-benefit analysis within the larger context of industry trends, regulatory requirements, organizational strategy, organizational capacity, and so on. For this assignment: •Enter the cost and benefit data you developed for the cost-benefit analysis discussions into the cost-benefit analysis template, linked in the Resources. •Write a paper in which you do the following: ◦Describe the organizational or program/department issue for which you have created the cost-benefit analysis. ◦Evaluate the cost versus benefit according to the general guidelines outlined by Plowman’s 2014 articles you read in the preparation for this assignment. ◦Make a recommendation as to whether the benefits are sufficient to outweigh the costs of proceeding.

◦Describe the systems-based context for your recommendations, integrating the cost-benefit analysis within the organization as a whole. ◦Describe how the issue relates to the organization’s vision, mission, and strategic direction.

◦Provide a rationale that explains how your recommendations are appropriate for your organization’s capacity and strategy.

Your paper should use proper APA style and formatting and include the following sections.

Each section, except the title page, should include the appropriate section heading.

1.Title page ◦Use APA formatting

2.Abstract, which will consist of a one-paragraph summary of the paper content. This is not an introduction to the topic, but a summary of the entire paper. Make sure to double space.

3.Issue Description. 4

.Cost-Benefit Analysis Evaluation.

5.Cost-Benefit Analysis Recommendations.

6.Context for Recommendations.

7.Relationship to Vision, Mission, and Strategy.

8.Rationale.

9.Conclusion.

10.References.