Business - Accounting Essay Example for Free

Business Accounting Essay In the file ACC 561 Week 3 Discussion Question 1 you will find right answers on the following task: Select a costing method: process, job, or activity based. Describe the nature of your chosen method. What types of organizations should choose that method? How is this method different from the costing methods you did not choose? Use your selected costing method to create a real-life business management scenario that includes realistic numbers. What management decisions may one make based on your scenario? Business Accounting Alternative Costing Methods The text presents job and processing costing systems as virtual â€Å"polar extremes,† there are many situations where it may be best for a company to use a hybrid system that combines attributes of both systems. Describe such a situation and discuss how the hybrid system may be better than either pure job or pure process systems. Think Twice Assume you own a business that makes two complementary products for which you allocated manufacturing overhead proportionally. A competitor is trying to undercut your price for one of the products. How might ABC costing help you better compete with this pending threat? Activity Base Costing- How do managers cost products or services using ABC systems? When should managers consider using an ABC costing system? How should they decide to adopt this method? Alternative Costing Methods I would like you all to select a costing method: process, job, or activity  based. Describe the nature of your chosen method. What types of organizations should choose that method? How is this method different from the costing methods you did not choose? I have implemented a job costing system in my company. If you were my corporate controller, how would you implement a job-costing system? Why is process costing a better costing method for cert Follow the link to get tutorial https://bitly.com/12BiSuQ College is a great time for young people to find themselves and to really find out what they are made of. However, there is a lot to learn. Some students only really become comfortable at college when its about time to leave! Dont let that be you. Here are some great college tips. Business Accounting Alternative Costing Methods The text presents job and processing costing systems as virtual â€Å"polar extremes,† there are many situations where it may be best for a company to use a hybrid system that combines attributes of both systems. Describe such a situation and discuss how the hybrid system may be better than either pure job or pure process systems. Think Twice Assume you own a business that makes two complementary products for which you allocated manufacturing overhead proportionally. A competitor is trying to undercut your price for one of the products. How might ABC costing help you better compete with this pending threat? Activity Base Costing- How do managers cost products or services using ABC systems? When should managers consider using an ABC costing system? How should they decide to adopt this method? Alternative Costing Methods I would like you all to select a costing method: process, job, or activity based. Describe the nature of your chosen method. What types of organizations should choose that method? How is this method different from the costing methods you did not choose? I have implemented a job costing system in my company. If you were my corporate controller, how would you implement a job-costing system? Why is process costing a better costing method for certain industries? What would happen if they used a job costing system? Can we explain three major source documents and how they are used in job costing systems? Why are these source documents needed?

Understanding Gender Roles in School-Smart and Mother-Wise Essay

Understanding Gender Roles in Wendy Luttrell's School-Smart and Mother-Wise "I had went so far I just got tired. I had got to the place where I didn't care if I learned anything or not" (59). This quote expresses quite plainly but strongly what many of the women in Wendy Luttrell's School-Smart and Mother-Wise felt in regards to their educational experience. Though Lilly put the thought into words, any number of these women probably had the same feelings concerning their school-age years. This paper will focus on Chapter 5 from that book, "Storied Selves and School Mission". I believe that many of the strongly established gender roles we have in society today are predominantly socialized and implanted in the impressionable minds of youth in school. Through examples from the book, as well as my own personal anecdotes, this paper will examine how schools institutionalize these gender roles; how this affects the self-concept that students (especially female students) have; and what we, as a society, have learned from this. Luttrell's study consisted of interviewing working class women who had decided to return back to school in their middle-aged years. She conducted the study with two groups, one from rural North Carolina, and one from urban Philadelphia. While there were many differences in the two groups' sentiments on many aspects of school, not one of the women she interviewed said they felt comfortable in school. Many of the women attributed this to class differences between them and their teachers, and these class differences very often involved geographic distinctions. For the Philadelphia women, it was an "suburban-urban" (55) issue, and for the women from North Carolina it was an "urban-rural" (55) issue. These c... ...implement. In my opinion, gender stratification in society-at-large is the issue at hand, not the mirroring of that in the school system. But, ultimately, the discussion of gender stratification in society, or the reflection of that stratification in the schools is a chicken or egg question. I think that an entire overhaul of the school system and curricula is necessary to help the schools emerge from the 1960's (which was the last time much of the curricula was seriously revised, including my high school in Baton Rouge) and into the 21st century. This rethinking would take out hidden assumptions about gender and place boys and girls on a more even footing in an academic setting. This egalitarian classroom would then be translated into the society-at-large and we would finally become a society in which gender equality is not only talked about, but actually exists.

Mscquiz1

Chapter one – A The U. S, and indeed much of the world, has been described as a â€Å"knowledge society. † How does this affect productivity measurement and comparison of productivity between the U. S. and other countries? Illustrate with an example. Productivity is the ratio of out puts (goods and services) divided by inputs (resources and capital). The creation of goods and services requires changing resources into goods and services; the more efficiently we make this change, the more productive we are, and the more value is added to the good or services provided.By applying the ten decisions of operation management (om) help us to be efficient: developing and using the correct strategy helps us to be effective. The measurement of productivity is an important way to evaluate a country’s ability to provide a high stander of living for its people. Only through the increase of productivity, improve the stander living, and labor, capital and management receive high salary. When productivity increase using the same resources, the prices will go down, and if labor and capital increase without increase in productivity raises the prices. The U.S has been able to increase productivity at an average rate of almost 2. 55 per year which has double the U. S. ‘s wealth every 30 years. Three factors are important in improving the productivity; such as, labor, capital, and management. In order to improve the labor productivity, the labor force should be better utilized with a stronger commitment; training, motivation, team building and human resource strategies, and improved education are some of the techniques which contribute to increase productivity. The effective sue of capital increase the productivity, and management accounts for over half of the annual increase productivity.The postindustrial societies are known as knowledge societies, and using knowledge and technology are essential in postindustrial societies. In these societies much of th e labor force has migrated form manual work to technical and information processing tasks require on going education. Compare to other industrialized countries, the U. S. remains the world leader in overall productivity and services productivity; despite having the same problems with service productivity as other countries. The productivity challenge is difficult.A country cannot be world class competitor with second class inputs such as poorly educated labor insufficient capital, and dated technology. High productivity and high quality out puts require high quality inputs, including good operation managers. Since education is foundation to efficient operation in a technological society, countries are focusing on highly skilled workforce which is essential for global competitiveness. Example: From the text Siemens, the multi-billion-dollar German conglomerate, has long been known for its apprentice programs in its home country.Due to education is often the key to efficient operation s in a technological society, Siemens has spread its apprentice-training programs to its U. S. plants. These programs are laying the foundation for the highly skilled workforce that is essential for global competitiveness. Chapter One – B David Upton is president of Upton Manufacturing, a producer of G0-kart tires. Upton makes 1,000 tires per day with the following resources: Labor:400 hours at $12. 50 per hour Raw Material:20,000 pounds per day at $1 per pound Energy:$5,000 per day Capital:$10,000 per day . What is the labor productivity for these tires at Upton manufacturing? Productivity = units of output hours of labor Productivity = 1,000 400 = 2. 5 units per labor hours b. What is the multi-factor productivity for these tires at Upton manufacturing? 400 * 12. 50 = $5,000 a day Productivity = _______ _Output__________________ _______ Labor+ material +Energy+ Capital+ Miscellaneous = _____________ 1,000___________________ $5,000 + $20,000 + $5,000 + $10,000 + 0 = 1,000 un its $40,000 = 0. 25 unit per $ c. What is the percent change in multi-factor productivity if Upton can reduce the energy bill by $1,000 without cutting production or changing any other inputs? Productivity = _______ _Output__________________ _______ Labor+ material +Energy+ Capital+ Miscellaneous = _____________ 1,000___________________ $5,000 + $20,000 + $4,000 + $10,000 + 0 = 1,000 units $39,000 = 0. 02564 units per $ Percentage Change in multi-factor productivity = 0. 02564 0. 025 = 1. 0256 or 2. % Chapter Two –A In order to sustain a competitive advantage, restaurants must employ one the following three strategies: 1. ) Cost leadership; 2. ) Response; and 3. ) differentiation. Give one original example (one not mentioned in the text) of each of three restaurant chains that you could associate with each one of these strategies. (Use a fast food restaurant for only one of your three examples. Strategy is an organization’s action plan to achieve the mission: the strat egy exploits opportunities and strengths neutralize threads and avoid weaknesses.The firms achieve missions in three conceptual ways: differentiation, cost leadership, and response which mean that operations managers are abele to deliver goods and services that are better, or at least different, cheaper and more responsive. The three strategic concepts can generate a system that has a unique advantage over competitors, and provides an opportunity for operations managers to achieve competitive advantage. Differentiation is concerned with providing uniqueness: a firm’s opportunities for creating uniqueness are not located with a particular function or activity, but can arise in virtually everything that firm does.The opportunities creating this uniqueness are limited only by imagination due to most products include some service, and most services include some products. So, effective operations mangers assist in defining everything about product or services that will influence t he potential value to the customers. Example: In Differentiation, the best example that will fit the description would be Illusitions (Thai Cuisine) where you sit around a big pan in the middle and they cook the food in front of you which takes about 10-15 minutes. The difference is the uniqueness of the style of cooking.I have heard that in Thailand, the food is eaten when it’s very hot. So by having a big pan in the middle, kind of brings the essence of Thai food. They also provide the samples of different foods for you to try. Cost leadership entails achieving maximum value as defined by the customers. It requires examining each of the ten operations management decision in a relentless effort to drive down costs while meeting customer expectations of value: a low cost strategy does not imply low value or low quality. Example: The best example which can fit in the description of Cost leadership is McDonald.They provide fast food in low prices which are unbeatable and provid e an exceptional quality. They have grown tremendously in few years in national and international perspective. They are the one of the largest fast food chains in US and other countries. Response is define as including the entire range of values related to timely product development and delivery, as well as reliable scheduling and flexible performance. Flexible response is ability to match change in a marketplace where design innovations and volumes fluctuate substantially.The reliability of scheduling is another aspect of response: it manifests it self in reliable scheduling and it has value to end customers. Quickness is an other aspect of response; the operation mangers who develop system that respond quickly can have a competitive advantage. The operation management can increase productivity and generate a sustainable competitive advantage. Example: The restaurant that I think is suitable for this criterion is Olive garden. They serve with love and tradition. It has a different environment then any other restaurants.It gives a very cozy feeling. The people eat there are mostly families. Chapter Two – B In your own words (i. e. , not using sentences or phrases taken form the text or other resources), explain the difference between an international strategy and a transnational strategy. Identify on company (not mentioned in the text) that employs an international strategy and one that employs a transnational strategy. The difference between the international strategy and transnational strategy is that international strategy is on international level.The company takes its products to a different country and launches it in that country. They introduce their product in a different country where the competition is low and also the costs are low. Some companies have their raw products come from a different country where they pay less for their purchases. Some companies such as Whirlpool started out in a US state Michigan which now has more than 50 plants i n different countries that make washing machines, refrigerators, and stoves. The biggest reason is the cost and cheap labor.On the other hand, transitional strategy is when a US company takes its products to a different state where their competitors are few and also the product margin is high and costs are low. In the field of Transitional strategy, one of the most common examples is Wal-Mart. They are dominating the market because they have low prices and acceptable quality. They have different plants in different states in US. They compete with their competitors in every way which is cost, quality, and expediency. They buy goods from different states in US and other countries.

Essay about President Franklin D. Roosevelts New Deal

On October 24, 1929, a day historically known as â€Å"Black Thursday†, the United States stock market crashed due to investors in the market starting to â€Å"sell off their shares, which resulted in a decline in stock prices.† (Dau-Schmidt, pg 60) This economic downturn in the market gave birth to financial ambivalence in the country, increasing unemployment, as well as other consequences on the landscape of international economics. When President Franklin D. Roosevelt took over as president in the year of 1933, â€Å"The country was in its depth of the Great Depression.† (Neal, 2010) Roosevelt’s New Deal consisted of implementing relief programs such as the Work Progress Administration and the Civil Works Administration, which aimed at revitalizing†¦show more content†¦They write, â€Å"In response to the massive unemployment of the 1930’s, Roosevelt’s New Deal in 1933 introduced the first federal relief programs targeted at the poor and unemployed†¦ he anticipated that the work relief jobs would boost consumer spending and thus increase demand for labor, which would then raise private employment and earnings.† (Neuman, Fishback, Kanton, pg 4) This quotes illustrates that programs such as these relief jobs, would not only be able to get the people back to work, but also get the economy up and running again. Moreover, another method in which Roosevelt used to revitalize the labor market was through the Civil Works Administration also known as the CWA. Similar to the Works Progress Administration, the CWA was introduced in 1933. This relief program also allowed for the construction of bridges, roads, but mostly focused on inner city projects. Nonetheless like the WPA, the CWA only â€Å" employed up to 4 million people per week through March 1934.† This goes to show that there was only a number amount of people to get jobs, this was determined by the â€Å"Household budget deficit principle of the CWA.† Furthermore, to put this in simpler terms, the CWA was given certain amount of money in order to have unemployed people working, thereforeShow MoreRelatedPresident Franklin D. Roosevelts New Deal and Unemployment1355 Words   |  6 Pages The New Deal was President Franklin D. Roosevelt’s legislative agenda for rescuing the United States from the Great Depression. 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Roosevelt New Deals1681 Words   |  7 Pagesand social blow to the American people, people were out of job, food, money and homes while society turned everyone against each other it was everyman for himself. President Franklin D. Roosevelt new deals were effect in providing job s to the men of the families starting from the oldest to the youngest men in the family. The New Deal improved both the economic and social lives of the American people. The Great Depression caused a deafening blow in the economy of America as people raced to the banksRead MoreFranklin D. Roosevelt s President Of The United States1546 Words   |  7 PagesChapter 31-33 Test: Individual Question When Franklin D. Roosevelt was elected to his first term as president of the United States in 1932, America was in a severe depression. When Franklin Roosevelt took office in March of 1933, President Hoover handed the problems of the Great Depression over to Roosevelt. Upon taking office, Franklin Roosevelt issued a bank holiday which forced all banks to close from March 6 to March 10 while he met with Congress to pass the Emergency Banking Act to allow banksRead MoreFDR: The Greatest President Essay example1174 Words   |  5 PagesFDR: The Greatest President Who was the greatest president of the United States? There have been many great presidents in the history of the U.S. Many presidents have led our country through very trying times. Some people believe Lincoln was the greatest president. However, President Franklin Delano Roosevelt led our country at times when a great leader was needed. Franklin D. Roosevelt was the greatest president of the United States because of his New Deal, his great leadership skills, and hisRead MoreFdr-the Greatest President1203 Words   |  5 PagesFebruary 2008 FDR: The Greatest President Who was the greatest president of the United States? 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Harding meant not only peace after the recent war but also C.:-) an end to idealistic crusadesRead MoreHow Roosevelt And His New Deal Prolonged The Great Depression1395 Words   |  6 PagesHow Roosevelt And His New Deal Prolonged The Great Depression The traditional view of Franklin D. Roosevelt is that he motivated and helped the United States during the â€Å"Great Depression† and was a great president, however, as time has passed, economist historians have begun analyzing Roosevelt’s presidency. Many have concluded that he did not help America during the Great Depression but instead amplified and prolonged the depression. Jim Powell wrote about FDR economic policies and did an excellentRead MorePresident Franklin Delano Roosevelt932 Words   |  4 PagesPresident Franklin Delano Roosevelt, was instrumental in his efforts to reshape and rebuild the United States from a struggling state making his endeavors a personal attachment in American history. First of all, Franklin Delano Roosevelt’s background consisted of, growing up in the country of New York. He attended private school, following Harvard and Colombia law school paving the way for his future civic duty, according to, Faragher, 2009. In 1910, Roosevelt served as an assistant secretary ofRead MoreFranklin Roosevelts New Deal1672 Words   |  7 Pagesevening, my friends†¦Ã¢â‚¬  echo audibly over the static and ambient noise, and the President of the United States, Franklin D. Roosevelt informs the nation of his New Deal and planned solutions to the problems of post-Depression America. He speaks warmly and directly, addressing the American people â€Å"you† and himself â€Å"I†. Many people— unemployed or working, poor or wealthy, supporter or critic – listen attentively as the President enters and becomes the center of their homes solely through radio broadcasts