Wilkerson Case Solutions Essay Example

Wilkerson Case Solutions Paper I _ Describe in words how costs are assigned in the Willpowers current costing system. Discuss the pros and cons of this system. Wilkinson uses a simple traditional cost accounting system in which each unit of product is charged for direct material, direct labor and overhead COStS_ Material cost is based on the prices paid for component under annual purchasing agreements. Labor cost is charged to products based on the standard run times for each product. Labor rates, including fringe benefits, were $25 per hour. The overhead costs are allocated to products as a percentage f production-run direct labor cost. Currently, the overhead rate is 300% of production-run direct labor cost. The current cost accounting system is consistent with traditional costing system required for external financial reporting. Traditional costing is attractive to financial reporting because it better matches costs with revenues, All manufacturing costs are assigned to products in order to property match the costs of producing units of product with their revenues when they are sold. Financial reporting standards explicitly require companies to use traditional costing for external reporting purposes. However, traditional cost accounting methods suffer from several defects that can result in distorted costs for decision-making purposes. All manufacturing costs, even those that are not caused by any specific product, are allocated to products. Manufacturing costs that are caused by products are not assigned to products. Additionally, traditional methods tend to place too much reliance on unit-level allocation bases such as direct labor and machine-hours. This results in overcastting high-volume products and undercoating low-volume products and an lead to mistakes when making decisions. We will write a custom essay sample on Wilkerson Case Solutions specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Wilkerson Case Solutions specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Wilkerson Case Solutions specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Compute Activity-Based Costing product costs using 1) actual cost driver rates, and 2) capacity-based cost driver rates. Which of these approaches is appropriate for Wilkinson and why? From the results of Activity Based Costing and Capacity based costing methods, we see that Wilkinson shows a lower cost based from the BBC method. It is more appropriate for Wilkinson to use the BBC method since it shows a more realistic per unit cost based on different level of activities. This may allow them to find says to be more competitive on product pricing in the market. . What managerial actions are indicated by the activity based costing system? Prom the activity based costing system the management will be able to see the products cost structure and be able identify activities that would benefit from process improvements. When used in this way, activity-based costing is referred to as activity-based management. Management can focus on which activities to eliminate waste, decrease processing time, and/or reduce defects. The first Step in any improvement program is for the management to decide hat to improve. The products cost computed in activity-based costing can provide valuable clues concerning where there is waste and opportunity for improvement. For example, looking at the Pumps and Flow Controller, managers at Wilkinson may conclude that the company spends far more on receiving and production control, and packaging and shipping activities that adds no value to the products. As a consequence, they may target their process improvement efforts toward these areas. Improvements on these areas could enable the company to gain competitive edge on pricing these products. Describe the additional accounting effort that Wilkinson would need to do to on a regular monthly basis in order to obtain the information shown in Exhibit 4 Estimate the cost to this additional accounting. To continue to obtain the information shown in Exhibit 4 on a regular monthly basis would require much more effort from the Wilkinson accounting team. Similar to what was already done, Wilkinson will need to run a small task force on a monthly basis so that data concerning numerous activity measures are collected, checked, and entered into the system. This Avail be necessary to appropriately allocate various overhead costs to individual products instead of traditionally treating overhead as a period cost. Although the activity based costing method can provide more accurate information about individual product or services, the organization should expect to hue increased costs due to additional research efforts to collect and appropriately allocate overhead costs. We estimate that the additional effort associated With activity based costing system can increase accounting cost by approximately 25%.

Where to Find FreeSSAT Practice Tests Complete Collection

Where to Find FreeSSAT Practice Tests Complete Collection SAT / ACT Prep Online Guides and Tips If you (or your child) are applying to a private or independent elementary, middle, or high school, you may have heard of the SSAT. Often used as an entrance exam, the SSAT is a series of standardized tests that can be administered to students in grades 3-11. The SSAT, or Secondary School Admissions Test, is a standardized exam often given to students hoping to enter a private or independent elementary, middle, or high school. If you want to boost your chances of getting into one of these schools, working on SSAT practice tests is a great way to do it. Here, I’ll discuss where you can find these practice tests (both official and unofficial), and how you should use them. I’ll wrap up with important SSAT test-taking tips. What’s on the SSAT? There are three different levels of SSAT tests. The number and type of questions on the test will depend on students’ grade level: Elementary Level - For students applying to grades 4-5 Middle Level - For students applying to grades 6-8 High School Level - For students applying to grades 9-12 Although the content will vary based on level, you’ll find these sections on each of the tests: An unscored writing sample A quantitative/mathematics section A reading comprehension section A verbal section Official SSAT Practice Tests When it comes to preparing for any standardized test, official practice tests or sample questions are the gold standard for study material. Using real SSAT questions will help you better understand exactly what you should expect on test day. Unfortunately, there aren’t a ton of official practice materials out there - not as many students prep for the SSAT as for other standardized tests (like the SAT or ACT). Here’s where you can find these official materials: Sample Questions The SSAT publishes official sample questions for each level of the exam. These are free, but the amount of material available is extremely limited: Elementary-level sample questions Middle-level sample questions Upper-level sample questions The SSAT Official Guides The makers of the SSAT publish official test prep guides that include sample questions and full-length practice tests. These are the best available sources for practice materials, as the other official resources don’t give students many problems to work with. To get your hands on the most recent Middle and Upper-Level Official Guides (2015-2016), you’ll have to purchase them through the SSAT website. These guides include two full-length practice tests, scoring instructions and explanations, descriptions of question types, and information about registering for the SSAT. Both the Upper and Middle-Level guides cost $37 through the site. The most recent Elementary-Level Guides (2015-2016) arefree to download through the SSAT site, although they include less information and less practice material than the guides available for purchase. They eachinclude one half-length practice test, info on test format and question types, sample testing schedule, test day info, and preparation advice. There are separate guides available for students in Grade 3 and Grade 4. How to Use Official SSAT Practice Tests and Questions Because official practice problems are hard to come by, you’ll want to be careful with how you use them. Like I mentioned, using official SSAT tests is really important when it comes to getting a feel for different question types and overall test format. I encourage you to save any full-length tests for mimicking real testing conditions. This means following through with all test policies and timing instructions in a controlled setting - it’s best if you can sit through an entire practice test all at once. This will give you the best idea of what your performance will be like on the actual exam. As for the sampling of official SSAT questions provided on the website? These are great for question analysis. As part of your study plan, spend some time looking closely at these questions and thinking about what they’re asking and how they’re written (spend extra time on questions you get wrong). Official SSAT questions have their own style and logic (unofficial sources usually aren’t great at imitating these sorts of questions). If you notice you’re having difficulty with a certain question type, these sample questions will serve as great practice and review. You don’t need to replicate exact testing conditions, but you’ll get the best practice experience if you treat full-length tests like the real thing. Unofficial SSAT Practice Tests Since there isn’t that much practice material for the SSAT, you may end up turning to unofficial sources for practice tests. Ivy Global Ivy Global has free questions organized by level and section. They may be helpful for reviewing test content, but they shouldn’t be used to get a feel for actual SSAT questions and format - the style in which the questions are presented are pretty different from the actual test. The materials available for download are best used if you print them out and work on them by hand since the actual SSAT is done on paper, not on the computer. Varsity Tutors Varsity Tutors offers free Upper-level and Middle-level practice, with questions organized by skill type. These might serve well as supplemental material, but don’t expect them to look like official SSAT practice problems. 4tests.com The questions on 4test.com aren’t particularly similar to what you’d see on the SSAT. You can only see one question at a time, and you can only work on them online. Key SSAT Test Taking Tips Now that you have access to all of this prep material, you may be wondering what to do with it. Follow these tips and strategies to get the most out of your SSAT prep. Start With a Real Baseline Start with a full SSAT test to get a baseline score. It’s important to use an official test for this, as unofficial diagnostic tests won’t give you a good sense of what the SSAT is like or what your strengths and weaknesses are. You can’t get a valid baseline score without using one of those official SSAT practice tests. Practice Skills and Review Content With Unofficial Materials Supplements Once you have your baseline, analyze your mistakes and errors (link out) and focus on your weaknesses. Most serious weaknesses will be in content comprehension - use study materials like textbooks and notes to raise your scores. Use Official SSATs as Full Practice Tests After you’ve spent some time improving on your weaknesses, use official practice tests to test your knowledge and gain familiarity with test formatting. Take these exams under real testing conditions - time them properly and work in a quiet room with no distractions. What’s Next? The SSATsaren’t the only standardized tests out there for younger students. Read more about ACT Aspire and get your hands on official practice tests. Thinking about the future? Read about whether you should start prepping for the SAT/ACT in 7th or 8th grade.

Biography of Queen Alexandra

Biography of Queen Alexandra Queen Alexandra (December 1, 1844 – November 20, 1925) was the longest-serving Princess of Wales in British history. She was the wife of King Edward VII, the successor to Queen Victoria. Although her public duties were limited, Alexandra became a style icon and did significant charity work in her lifetime. Fast Facts: Queen Alexandra Full Name:  Alexandra Caroline Marie Charlotte Louise JuliaOccupation: Queen of the United Kingdom and Empress of IndiaBorn: December 1, 1844 in Copenhagen, DenmarkDied: November 20, 1925 in Norfolk, EnglandKnown For: Born a princess of Denmark; married Queen Victorias son and heir; as queen, held little political power but was influential in fashion and charity workSpouse: King Edward VII (m. 1863-1910)Children: Prince Albert Victor; Prince George (later King George V); Louise, Princess Royal; Princess Victoria, Princess Maud (later Queen Maud of Norway); Prince Alexander John Princess of Denmark Born Princess Alexandra Caroline Marie Charlotte Louise Julia of Denmark, Alexandra was known to her family as â€Å"Alix.† She was born at the Yellow Palace in Copenhagen on December 1, 1844. Her parents were minor royalty: Prince Christian of Schleswig-Holstein-Sonderburg-Glà ¼cksburg and Princess Louise of Hesse-Kassel. Although they were members of the Danish royal family, Alexandras family lived a comparatively low-key life. Her father Christian’s income came only from his army commission. Alexandra had several siblings, but was closest to her sister Dagmar (who would later become Maria Feodorovna, Empress of Russia). Their family was close with Hans Christian Andersen, who occasionally visited to tell the children stories. The Danish royal family became more complicated in 1848, when King Christian VIII died and his son, Frederick, became king. Frederick was childless, and because he ruled both Denmark and Schleswig-Holstein, which had differing succession laws, a crisis arose. The ultimate outcome was that Alexandra’s father became the heir to Frederick in both regions. This change elevated Alexandra’s status, as she became the daughter of a future king. However, the family remained outside of court life, partially due to their disapproval of Frederick. Princess of Wales Alexandra was not Queen Victoria and Prince Albert’s first choice to marry their son, Prince Albert Edward. Nevertheless, Alexandra was introduced to the Prince of Wales by his sister, Princess Victoria, in 1861. After a courtship, Edward proposed in September of 1862, and the couple were married on March 10, 1863 at St. George’s Chapel at Windsor Castle. The wedding was a less festive occasion than many had hoped for, since the court was still in mourning for Prince Albert, who had died in December 1861. Alexandra gave birth to their first child, Prince Albert Victor, in 1864. The couple would go on to have a total of six children (including one who died at birth). Alexandra preferred to be a hands-on mother, but she also continued to enjoy her social life, carrying on hobbies such as hunting and ice skating. The couple were the center of society, bringing a youthful fun to a court long-dominated by a strict (and now mourning) queen. Even after rheumatic fever left her with a permanent limp, Alexandra was noted for being a charming and cheerful woman. Although most accounts seem to show that Edward and Alexandra had a fairly happy marriage, Edwards affection for his wife did not stop the prince from continuing his infamous playboy ways. He carried on several affairs throughout their marriage, both flings and long-term extramarital relationships, while Alexandra remained faithful. She became increasingly isolated, due to a hereditary condition that caused her to slowly lose hearing. Edward ran in scandalous circles and was very nearly implicated in at least one divorce hearing. As Princess of Wales, Alexandra performed many public duties, taking on the burden of some of her mother-in-law Victoria’s public appearances such as opening ceremonies, attending concerts, visiting hospitals, and otherwise conducting charity works. She was a popular young addition to the monarchy and was almost universally liked by the British public. In the early 1890s, Alexandra and her family suffered multiple losses that would also change the course of two monarchies. Prince Albert Victor, her eldest son, died in 1892 at the age of 28 after falling ill during a flu pandemic. His death devastated Alexandra. Albert Victors younger brother, George, became the heir and even married Albert Victor’s former fiancà ©e, Mary of Teck; it is from this line that the current British monarchy descends. Alexandra’s sister Dagmar also suffered a major loss in 1894: her husband, the Russian Tsar Alexander III, died. Dagmars son took the throne as Nicholas II. He would be the last tsar of Russia. Queen At Last Edward was the longest-serving Prince of Wales in history during his lifetime. (He was surpassed by his descendant Prince Charles in 2017.) However, he finally ascended to the throne upon Queen Victoria’s death in 1901. By this time, Edward’s taste for excess was catching up to him and his health, so Alexandra had to appear in his place for a few events. This was the only time that Alexandra was permitted to be involved in matters of importance. She held political opinions (for example, she was wary of German expansion from the beginning) but was ignored when she expressed them in both public and private. Ironically, her distrust proved prescient: she urged against the British and Germans â€Å"swapping† dominion over a pair of islands, which the Germans ended up using as a fortified stronghold during the world wars. Edward and his ministers went so far as to exclude her from trips abroad and forbid her to read briefing papers so that she would not try to exert any influence. Instead, she poured her efforts into charity work. On one occasion, however, Alexandra broke protocol and appeared publicly in a political context. In 1910, she became the first queen consort to visit the House of Commons and watch a debate. She would not be queen consort for long, though. Only a few months later, she was on a trip to Greece, visiting her brother, King George I, when she received word that Edward was seriously ill. Alexandra made it back in time to say goodbye to Edward, who died on May 6, 1910 after a bout of bronchitis and a series of heart attacks. Their son became King George V. Later Years and Legacy As the queen mother, Alexandra mostly continued her duties as she had as queen consort, focusing her efforts on charity work with a side of anti-German cajoling. Her generosity was renowned, as she willingly sent money to anyone who wrote to her asking for help. She lived to see her fears about the Germans realized with the outbreak of World War I, and rejoiced when her son changed the royal family’s name to Windsor to avoid German associations. Alexandra suffered another personal loss when her nephew, Nicholas II, was overthrown during the Russian Revolution. Her sister Dagmar was rescued and came to stay with Alexandra, but her son George V refused to offer asylum to Nicholas and his immediate family; they were murdered in 1917 by the Bolshevik revolutionaries. In the last years of her life, Alexandra’s health declined, and she died from a heart attack on November 20, 1925. She was buried at Windsor Castle next to Edward. A popular royal in life and death, Alexandra was mourned deeply by the British public, and she became the namesake for everything from palaces to ships to streets. Although she was not permitted any political influence, she was a style icon for the women of her time and defined an entire era of fashion. Her legacy was not one of politics, but of personal popularity and boundless generosity. Sources Battiscombe, Georgina. Queen Alexandra. Constable, 1969.Duff, David. Alexandra: Princess and Queen. Wm Collins Sons Co, 1980.â€Å"Edward VII.† BBC, bbc.co.uk/history/historic_figures/edward_vii_king.shtml.

Management information system Assignment Example | Topics and Well Written Essays - 1500 words

Management information system - Assignment Example Membership level is categorised in three levels: red membership, green membership and white membership. This open space has free internet access, a coffee shop, among other things that make one comfortable while working. The mission statement of the company is to spread the impact. The impact here refers to betterment of life that comes by provision of good working environment. By ensuring quality services to customers and good payment to workers, the company spreads the impact. BPO’s has become and emerging trend and many organisations are adopting this kind of business stracture. As a result, it is important to understand the external environment and how it affects the business. This section will use Porter’s Five Force Model to evaluate opportunities and threats to iTech. It will look into threat of entry, threat of substitute, bargaining power of buyers, bargaining power of suppliers and the extent of rivalry between iTech and other competitors. This is a new venture that most organisations are competing for. Initial cost of starting a BPO is high, however it has good returns. This makes this venture worth undertaking and many businesses with attempt to enter the market and offer competition. However, iTech has taken roots. It has been operation for the last 15 years. In addition to that, it is well experienced in the field. Therefore, if other firms find their way into the market, they will still have to work for a couple of years to gain enough experience for their influence to be felt. iTech has succeeded in dominating the market share. It has captured almost all suppliers and customers. This means that for new firms to succeed, it will take time to earn trust and confidence from loyal customers of iTech. Finally, as it has been stated above, iTech offers both BPO and open space services. With this differentiation of services, it gives community with types of services which a new entrant may not be in the position of

Writer's choice Assignment Example | Topics and Well Written Essays - 250 words - 6

Writer's choice - Assignment Example It can also be used to assess whether or not high-priority objectives in the strategic plan are being achieved. In some cases, especially large organizations that have complex processes and relationships, a strategic audit can be employed in monitoring changes in the external environment and providing clues as to areas that need improvement. For some firms, a strategic audit is an instrument for fine-tuning effective corporate strategies with the intention that it continues supporting minor internal and external changes that can occur. Overall, a strategic audit is a vital and almost irreplaceable aspect of organizational strategy and success. If used correctly, it is a source of competitive advantage because it allows companies to understand their strategic orientation and measure it against its internal and external environment to provide a clear view of current and future operations (Gong, 2013). Previous and current research has shown that effective and efficient strategic audits are directly proportional to organizations’ understanding of their markets and competitors. As an enterprise expands, strategic audit becomes increasingly important as it becomes more interconnected with performance and market

Career Objectives Essay Example for Free

Career Objectives Essay My career objective is to develop and build-up manpower with practical knowledge and problem solving skills to expand small and medium agribusiness enterprises and improve the productivity of agribusiness value chain in agricultural industry and also in my country. Also I plan to apply acquired knowledge and practical skills from TAMU to up-scale agribusiness management, farmer producer organizations and groups, agribusiness supply chain management and improve agribusiness marketing of processed commodities and small business enterprise development. To be involved in international research, outreach programs and teaching in various aspects of agribusiness management and Enterprise Development. These activities inform our domestic efforts and enable me to address important problems and opportunities in my countrys (Nigeria) agribusiness supply chain and Enterprise Development. Also to help in the attainment of the national objective of poverty alleviation and food security in my country as envisage by the Agricultural Perspective Plan (APP) through assured and efficient agricultural marketing system. To create environment for incentive price of the farmers at the same time help the consumers in their access to agricultural produces at a comfortable price. To carry out relevant agriculture marketing research activities to support the future marketing policies and programs. To facilitate and support agro entrepreneurs association for promoting agribusiness and export from Nigeria. To construct and strengthen agriculture marketing infrastructure. Commercialization of the agriculture has been my priority at the recent time which has increased substantial market surplus of various agricultural commodities, like vegetables, fruits, species, cash crops and other agricultural products within the country. With the increase in volume of marketable surplus, the need for assured market outlet has become very necessary. This calls for improvement is the my overall interest.

The 20th centurys 3 greatest composers Essay -- Stravinsky Copland

The 20th century's 3 Greatest Composers The 20th century has watched many musicians break through their generation's bounds of normalcy to creat a completely new music. Musicians who initiated revolutions so grandiose that the impact—like an earthquake’s aftershocks—would reverberate for decades and influence scores of musicians to come. Such influences can be traced back to three specific composers. Igor Stravinsky, Aaron Copland, and Nadia Boulanger: the triumvirate of 20th century music. Igor Stravinsky, remains the century’s most shocking and versatile composer. Born in Russia in 1882, Stravinsky enjoyed a musically wealthy childhood. He was the son of a famous opera singer and well-educated in piano performance and harmony/counterpoint. His parents sent him to St. Petersburg University to obtain a Criminal Law/Legal Philosophy degree. While attending school, Stravinsky befriended a young man whose father, Rimsky-Korsokav, later developed a special affinity for Stravinksy’s music (Nousiainen). Because Stravinsky was not schooled in traditional techniques, Rimsky-Korsakov advised him to continue private harmony and counterpoint lessons, rather than attend a formal conservatory. Rimsky-Korsakov, professor at such an institution, thought the rigorous atmosphere might overwhelm and discourage the young composer (Walsh). Despite this lack of formal training, Stravinsky created some of the 20th century's most profound pieces. The Rite of Spring, Stravinsky’s most notable music contribution, was commissioned by Sergei Diaghilev for the Ballets Russes. For readers unfamiliar with the ballet, Rite choreographs the story of an ancient tribe’s sacrifice of an adolescent virgin whom, in order to save the Earth,... ... of you. What an impression you have left with the music-lovers around the world!† (â€Å"Letter†). This impact is Nadia Boulanger remains the most significant figure of 20th century music. FOOTNOTES [1] This abstract sketch was Stravinsky’s response when author, Robert Craft, asked him to draw his music.The drawing is comparable to the abstract nature of Stravinsky’s compositions (Craft). [2]The phrase â€Å"Appalachian Spring† was first coined by poet Hart Crane.Martha Graham copied his words for her ballet’s already-finished score, which, until then, Copland had modestly titled â€Å"Ballet for Martha† [3] Tanglewood is a premier music academy founded by Boston Symphony director, Serge Koussevitsky, in 1940.His goal was to provide a place for budding musicians to study with orchestra musicians and other world class artists

Progressivism DBQ

I was surprised to learn about your passion to do good for other would be honored to fulfill your wish of Glenn away one million dollars. Through our discussions, you have made me realize there Is another America that people do not II eke to talk about. We talked about the meat packing plant, child labor, and women's right s. After much thought, I have decided to give $600,000 to the meat packing plant, $300,000 to child labor, and $100,000 to women's rights.I have decided to give $600,000 to the meat packing plant. According to Document D, there was â€Å"meat that had tumbled out on the floor, in the dirt and said just, where the workers had tramped and spit† (Doc D). It also states that â€Å"thousands of RA TTS would race about† on the pile of dirty meat, and there would be â€Å"handfuls of the dried d dung of rats† (Doc D). This kind of disgusting work ethic had many people sick and dying.To get rid of the rats, the packers would put â€Å"poisoned bread o ut for them†, an d hen after they would die, the dead rats, the poisoned bread, and the meat would all be pushed into the hoppers together (Doc D). It is disheartening that the workers of this industry did not care about this dirty contamination. These are Just some of the areas ones that I have made my decision to give the most amount of money to this Industry In hopes that they will make It Into a respectable operation. With this money, they wool be able to rebuild a new company making it more reliable and cleaner for the people.

Eagle Airlines

[pic] Eagle Airlines Business Decisions with Data Models Assignment on Risk Analysis Team Members: Sfykti Dimitra Goumas Evangelos Manikas Athanasios Papaspirou Yiannis As assigned by Mr. Hadjistelios, President of Eagle Airlines, a simulation analysis is developed in order to evaluate company’s intention to proceed with the purchase of a new aircraft. According to the President’s estimations, the uncertain parameters which affect the annual cash flow are the below; 1. Hours flown 2. Charter Price/Hour 3. Ticket Price/Hour 4. Capacity of Scheduled flights 5. Ratio of charter flights 6.Operating Cost/hour The main assumption to work upon the scenarios is that the numbers generated for the different variables remain the same across the years. Initially, a base scenario is built and a profit-and-loss account for a typical year of operation is derived using the most likely values of the different parameters. Upon construction of the base scenario, the optimistic and pessimi stic scenarios are also formulated in accordance to the assumptions by the President in respect to possible variations to higher and lower values than the most likely ones used for the base scenario.For all three scenarios, the demand/cash flow is calculated revealing a wide range of values (from â‚ ¬273. 180 to -â‚ ¬39. 040) among the 3 possible cash flows. In addition, the one-way sensitivity analysis conducted for all six uncertain parameters demonstrate the impact of each parameter on annual cash flow and by the designation of a scatter plot, we can identify to what range of values every uncertain parameter affects the demand. Upon that, a Tornado diagram is plotted in order to visually demonstrate the range of impact of each parameter.According to the diagram, ticket prices/hour and capacity of Scheduled flights seem to be the two important parameters that most influence the annual cash flow, whereas the ratio of charted flights and operating cost/hour are the ones affect the least. Following this determination, a two-way sensitivity analysis is implemented and the outputs shown in a 3D plot illustrate a one-level relationship between the variables. By assuming that the probability distributions are the ones assessed by Mr. Hadjistelios, a test scenario is run using the @RISK add-in with 50. 00 iterations and the results’ interpretation is described below. Interpretation of results The basic data and the main decision factors to be taken into consideration by the President are raised below in order to provide substantial argumentation for the final business decision. ? According to the given data, the annual cash flow of the base scenario is â‚ ¬46. 184, less than the breakeven point by â‚ ¬7. 513. Therefore, in case the base scenario will actually happen, the company will need more than a 5-year lifetime in order to pay out the investment of the new aero plane. In the optimistic scenario, the annual cash flow is â‚ ¬273. 180 and the difference from the breakeven point is â‚ ¬219. 483. According to this scenario, the investment is highly profitable and will be paid off by the end of the first year while a number of approximately â‚ ¬93. 180 profits will be generated. ? In the pessimistic scenario, the annual cash flow is – â‚ ¬39. 040 and the difference from the breakeven point is â‚ ¬92. 737. , which is a bad scenario but at the same time quite unlikely to happen. According to @RISK analysis, as illustrated in the figure below, some important observations are derived; [pic] The probability that the investment will be profitable within a 5-year lifetime is 73. 4%, meaning that the annual cash flow will be greater than the breakeven point of â‚ ¬53. 697. ? The probability the annual cash flow to be less than the breakeven point is 26. 6%, as presented in the graph above. ? However, it is important to refer that the same probability (26. 6%) applies for the company to generate cash over ↚ ¬96. 511. The above implies the fact that if in one year the cash flow is below breakeven point, this under the same probability can be offset by another year’s revenues. [pic] According to the normal probability distribution, the expected value (mean) is approximately â‚ ¬77. 342 that actually is translated into a â‚ ¬23. 645 return on investment. ? A probability over 50% that the company will generate cash flow of at least â‚ ¬74. 467 (median) which represents the 40% of the aeroplane current value. ? However, another important statistical parameter to be taken into account is the standard deviation of â‚ ¬35. 257 that describes a quite wide dispersion/variability of the probability distribution. ? If we do not take into consideration the discount rate of 15%, then the breakeven point will be 36. 00 (180. 000/5) and the probability of the investment to be profitable is 89%. ? In case the company self-funds the purchase out of the cash surplus of the company, t he investment seems to be less risky since potential deviation from the breakeven point does not imply financial obligations to third parties, such as banks (loans and interest rates). [pic] ? The probability that the investment will be paid off already by the end of the first year is 0. 7% while the probability that the company will generate negative values by the end of the first year is 0. % which seems a quite extreme case, with a smallest value of -â‚ ¬22. 642. [pic] ? However, it should be considered that the company operates a number of business parts and it is being taxed for the total activities as a whole, thus with a tax rate of 33% the actual loss will be â‚ ¬22. 642 * 0. 67 =â‚ ¬15. 170, with the assumption that the company is profitable overall. Another important factor to consider is the operations’ expansions by 33% with the purchase of one additional aircraft to the current equipment of the three twin – engine aircrafts which provide charter f lights and scheduled commuter services.The company may redefine the strategy and decide to add new destinations in the services, currently limited to south Balkans, so as under the promising prospects analysed above, to further strengthen the company’s brand name and grow the Share of Market (SoM). The above can be well justified considering both cases of charter and scheduled flights. On the one hand, in respect to charter flights the company seems to have already identified available ground to grow by further building on the level of service.On the other hand, the scheduled flights, currently holding a percentage of 60%, represent the variable that mostly affects the cash flow, according to Tornado diagram. This in combination with the fact that the company â€Å"had slightly more control over the ticket price per/hour of scheduled flights† demonstrates a high future development potential with a thorough strategy. The critical service category in the context of the n ew investment risk analysis for Eagle airlines to analyze is Scheduled flights.Ticket prices/hour and capacity of Scheduled flights, the two most important and correlated variables, should be in depth evaluated according to the most likely possible estimations. For example, according to the data given, the variability for the price per ticket is greater in the higher values than the lowest ones. However, the actual price per ticket is highly correlated to the capacity/utilization rate and the flight hours. The base scenario argues for good prospects, but a deeper analysis could identify opportunities that Eagle airlines should closely monitor and evaluate in order to maximize its profits.It is important also to refer that according to the estimations, there is no high variability of the operating costs compared to the expected value of â‚ ¬445/hour (only â‚ ¬15 in either direction). Some important facts are given also throughout the case providing additional argumentation over the purchase; Piper Chieftain has been maintained according to the legislations and regulatory environment, is in a good condition and the expected normal use is 5 years with possibilities for more, contains the necessary navigation and communication equipment, and insurance has been included in the fixed costs.The above, in case were unknown, would be important cost factors to analyze and include in the risk analysis assessment. The above analysis argues the business decision to proceed with the investment in the Piper Chieftain, having calculating and evaluating the risks involved while recognising the opportunities.

Free Essays on USS Indianapolis

A Tragedy at Sea Specific Purpose: By the end of this speech, the audience will have a clear understanding of the horrific ordeal the USS Indianpolis and it's crew experienced. Thesis: According to the Naval Historical Center website, the USS Indianapolis served from Pearl Harbor tothe last operation of World War II, only to tragically sink during a mission two weeks before the end of the war. Outline: I. Thesis: According to the Naval Historical Center website, the USS Indianapolis served from Pearl Harbor to the last operation of World War II, only to tragically sink during a mission two weeks before the end of the war. II. Body A Last completed mission 1. Delivery of first operational atomic bomb- 26 July 1945 to Tinian 2. Reported to CINPAC Headquarters at Guam for further orders B The Last Order 1. Orders to join battleship USS Idaho at Leyte Gulf in Philippines to invade Japan a. Captain McVay requests a destroyer escort b. Orders were given to ship Captain McVay directing him to zigzag at his descretion depending on weather and visibility 2. USS Indianapolis left Guam unescorted heading for Leyte Gulf a. Unknown to the USS Indianapolis is that the I-58 was known to be prowling the Phillippine Sea b. Information was withheld in order to insure that the Japanese wouldn't find out that we'd broken their codes. C The Sinking 1. Shortly before midnight Captain McVay issued orders to cease zigzagging becuase of bad visability a. Within 10 minutes after the order the clouds part, revealing the moon and the I-58 surfaces at the same time. b. 14 Min. past midnight on 30 July 1945 midway btwn. Guam and Leyte Gulf she was hit by 2 of the 6 torpedoes fired by the I-58 Japanese submarine. 2. Ship went down within 12 minutes a. APROX 900 out of 1,196 made it into the water before she sank b. Few rawfts were released, most wore standard life ... Free Essays on USS Indianapolis Free Essays on USS Indianapolis A Tragedy at Sea Specific Purpose: By the end of this speech, the audience will have a clear understanding of the horrific ordeal the USS Indianpolis and it's crew experienced. Thesis: According to the Naval Historical Center website, the USS Indianapolis served from Pearl Harbor tothe last operation of World War II, only to tragically sink during a mission two weeks before the end of the war. Outline: I. Thesis: According to the Naval Historical Center website, the USS Indianapolis served from Pearl Harbor to the last operation of World War II, only to tragically sink during a mission two weeks before the end of the war. II. Body A Last completed mission 1. Delivery of first operational atomic bomb- 26 July 1945 to Tinian 2. Reported to CINPAC Headquarters at Guam for further orders B The Last Order 1. Orders to join battleship USS Idaho at Leyte Gulf in Philippines to invade Japan a. Captain McVay requests a destroyer escort b. Orders were given to ship Captain McVay directing him to zigzag at his descretion depending on weather and visibility 2. USS Indianapolis left Guam unescorted heading for Leyte Gulf a. Unknown to the USS Indianapolis is that the I-58 was known to be prowling the Phillippine Sea b. Information was withheld in order to insure that the Japanese wouldn't find out that we'd broken their codes. C The Sinking 1. Shortly before midnight Captain McVay issued orders to cease zigzagging becuase of bad visability a. Within 10 minutes after the order the clouds part, revealing the moon and the I-58 surfaces at the same time. b. 14 Min. past midnight on 30 July 1945 midway btwn. Guam and Leyte Gulf she was hit by 2 of the 6 torpedoes fired by the I-58 Japanese submarine. 2. Ship went down within 12 minutes a. APROX 900 out of 1,196 made it into the water before she sank b. Few rawfts were released, most wore standard life ...

Assignment One Essay Example for Free

Assignment One Essay 1.) What are some of the hardships faced by indentured servants in Virginia during the early days of the colony? a. Some of the hardships faced by indentured servants was disease such as â€Å"scurvy, bloody flux, and diverse other diseases.† Also, they have not much of a variety of food to eat, they eat â€Å"peas and loblollies†, and so they will do anything to be able to eat other variety of foods. The amount of food they get is shared between other men. Therefore their amount of food intake is not enough to make them full. They have clothes but they are old and dirty because they one of everything they wear. Since they do not have anything worth a penny, because if they do others steal it, they cannot have food other than peas. They cannot eat bread because it cost a penny and they don’t have a penny to buy anything. 2.) How does the physical location of Jamestown colony lead to many of the hardships described in this document? b. It seems they are close to possibly Indian attacks or people from other countries because he stated in the story â€Å"but yet we are 32 to fight 3000 if they should come.† He hasn’t seen any deer or venison since he arrived in Jamestown; therefore the meat source is not a great source for food reliability. It takes them a few days to retrieve cargo from the ships. They start to the shore and sleep the first night they get there, then unload the next day and start back to their home with the cargo. 3.) How have conditions at Jamestown affected the writer of this letter? c. He thinks negative about everything. He has nothing in Jamestown to call his own or â€Å"nothing to comfort him.† He expects the worse because people are dying by the hour. Not having much to eat, he doesn’t think he will survive much longer unless his he dies before he receives the package. He believes in God and that he can keep him alive if he drinks water, he heard. He tells his dad to have mercy and pity on him, that life in England was better because he had more food that filled him. He thanks his parents for providing all that they did while he lived in England. He loves his dad and doesn’t want his dad to forget him. Assignment One. (2017, Feb 13).

Wrong Site Surgery Case Study Example | Topics and Well Written Essays - 750 words

Wrong Site Surgery - Case Study Example Structurally, health care sectors lack definite constructs on safety evaluations in patient treatment and interventions; unfortunately, deficits in evaluative efforts to foresee improvements in health teams’ â€Å"ongoing knowledge, or use of a policy to avert...future adverse event† (Michaels et al., 2007, p. 526). Much as the truth hurts, strong commitment in both government and private health sectors are insufficient in fighting for the rights of public to safe and quality health treatment. Admittedly, variety of health organizations are already aware of discrepancies in surgical errors and are now setting guidelines for marking safeguards against negative health impacts of negligence in professional practice. Among the external agencies concerned on quality clinical practices in all medical areas are Healthcare Organizations (JCAHO), the National Patient Safety Initiative, the American College of Surgeons (ACS), the New York State Department of Health (NYS DOH), and the Agency for Healthcare Research and Quality (AHRQ). They are of different organizational team, but are united in setting specific benchmarks that address problems in the surgical environment, especially with rampant errors in wrong-site surgery. In import, clinical monitoring is initiated by JCAHO, series of investigations are conducted on the increasing malpractice complaints and reviewed 150 relevant cases to determine its root causes. Majority (66%) of results are pointed on errors in surgical site (The Joint Commission, 2001). The outcome affirms rising cases of wrong site surgery in clinical institutions. To relieve from government pressures, above-mentioned health organizations generated their own version of clinical practices that address the problems with wrong-side surgery in all institutional categories. Consistently integrated in internal institutional policies, suggested implementation strategies to prevent further surgical damage include â€Å"marking the surgical site and involving the patient in the marking process, creating and using verification checklist...obtaining oral verification of the patient, surgical site, and procedure...by each member of the surgical team, monitoring compliance with these procedures...(and as part of verification) surgical teams consider time-out† (The Joint Commission, 2001, p. 2). Most consider such actions as universal in protocol, and almost every hospital adapt these as protective program measures for safety and quality surgical interventions. In prudent ways, the multiple dynamics in verification process in pre-anesthesia period, and even prior to actually starting the surgical procedure, through the â€Å"time-out† process of pausing to review before initiating an incision on the site, seemed prudent strategies to give the surgical team every opportunities to confirm whether the right site had been indicated and marked by the surgeon-in-charge. Subtly, every action denote a number of communi cation patterns, in verbal, written and demonstrative means, that constantly reminds the health team that what they are surgically embarking is clinically appropriate. In such cases, the series of clinical prompts are not enough, especially when internal culture dictates barriers in communication, as extensively translated in overt behaviors from authoritative surgeons down to circulating nurses. In particular, the case sample on an elderly man indicated for left-side biopsy, which ended up as victim of wrong site sur