Cost underestimation

variable cost input if the company wants to make a profit on the phone contract. Clear Hear would have to devise a strategy to produce the phones below the $15 range to earn a profit. Clear Hear could improve production rate and shorten the phone production time. Clear Hear could implement the change by instituting overtime or hire a second shift of part-time workers for the duration of the contract. Cutting the duration time for producing the phones would also cut the all fixed cost…

Jackson was elected to the Senate for a six year term beginning the winter term of 1797-1798. Andrew Jackson was senator for less than a year from money troubles. Jackson who was 31 at the time was selected to be a Tennessee superior court judge for six years from 1798 to 1804. In 1801, Jackson helped organize the Order of Freemasons in Tennessee. It was groups that help rise men in Tennessee. In 1804, he retired from the being the judge and moved back to Nashville. In 1804, Jackson was a…

Poor customer service or brand image) Opportunity – presence of a situation where performance can be improved by undertaking new initiatives (Eg. Arnotts – demand for healthier food) Symptom – mere evidence that a problem exists (Eg. Loss of market share, drop in sales) Role of the researcher – once a problem or opportunity has been senses, the researcher comes into the picture First responsibility is to work with the managers to clearly articulate the management problem whose symptoms have…

Measuring Business Excellence. Q Emerald Group Publishing Limited, 9 (2) (November) pp. 56-67. de Waal, A., Hermkens-Janssen. M., Van de Ven, A., 2011. The Evolution Adoption Framework. Emerald Group Publishing Limited. Drury, C., 2004. Management and Cost Accounting. 6th ed. London: Thomas Learning. Garrett, K., 2010. Budgeting. ACCA. Geert, H., Hofstede., 1968. The Game of Budget Control. London: Tavistock Publication. Hemashree, A., 2008. A Study on Working of Modern and Traditional…

Q.4) Parallelism in headings Parallelism is use to create balance in writing something. This balance helps readers understand what they are reading because they know what to expect and can clearly see the connections between ideas. A sentence is parallel when the items listed in a series share the same grammatical structure Parallelism can be used effectively in parts of sentences, items in a résumé, bulleted lists and headings in a report. How do I make headings parallel? Headings are…

Some people who are pro digital textbooks say so because it is cheaper and it has the ability to hold more books on it than just one. Others who are against it say so because staring at a computer screen can damage the eyes, as well as, the damages costs associated with tablets are extremely expensive. Tablets should not be used in place of textbooks because they are easy to break and costly to replace, it is can inflict more harm to the young bodies than just reading a simple book, and it will…

cash flows will be reduced by $1,000,000 for each of the first two years of the contract, which starts today, and free cash flows will be increased by $3,000,000 for each of the final six years of the agreement. Boilermaker has a weighted average cost of capital of 9%. There are currently 3,700,000 shares of Boilermaker outstanding, and the current price is $46.73 per share. What effect should this announcement have on the price of a share of…

Collection Automation (FDCA) program to expedite the collection of information. The FDCA project is important to the Census Bureau for many reasons. The first reason is the reduction of costs associated with the collection of information. Going door to door with paper forms is costly. The actual forms that are used cost the government mass amounts of money to produce. These forms are then peddled door to door by people who are paid wages and completed in ink by residents. The forms then need to…

“A valuation method (e.g. LIFO, FIFO, average cost and specific identification) is used to compute the cost of the inventory dollar amounts and then it is compared to the market dollar amount.” LIFO is not commonly used because the last goods purchased are the first to be sold. The inventory at the beginning of the year will have the earliest goods purchased acquiring a valuation of an early price. FIFO is better used for lowering cost especially during periods of increase prices. It is also…

Case Study: HR Outsourcing at BP Amoco British Petroleum, or BP Amoco, is a leading international energy and petrochemicals company. Currently, it operates in more than 40 countries and has more than 80,000 employees, with an equal or greater number of retirees. Several years ago, BP decided that drilling and finding oil was its primary mission. Everything else was deemed secondary. The U.S. company Exult defined this type of full service HR outsourcing in December 1999 when it announced a $600…