Down to the Wire free essay sample

It was 12:30 p.m. and sweat was rolling offmy forehead. Surrounded by an army of diskettes, notes and reminders, Iworked desperately; I only had 10 minutes to put the finishing toucheson a publication thousands would read. This is a reflection not only ofmy leadership skills, but also my ability to fill the shoes of those whohad reigned as editor before me. Our school newspaper, asunorganized and inconsistent as it may be, was due in the hands of ouradvisor within minutes. In the midst of final deadline madness, Irealized that none of the photographs had been backed-up. The threat ofan artless newspaper reaching the hands of students, teachers,administrators and community leaders prompted nightmarish images offailure and embarrassment. Time to work some magic. I enlisted 20 staffmembers and, utilizing every computer in the chaotic room, we openeddocuments, transferred files and resized pictures at a rate previouslyunimagined. We were fueled by pure adrenaline. Just seconds beforedeadline, every picture, chart, cartoon and graph had successfully beensaved. We will write a custom essay sample on Down to the Wire or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I marched to my advisors desk, carefully protecting the disk Inow valued more than life itself. The paper was finished. Id not onlykept my thoughts and efforts focused, but Id also maintained arelatively high comfort level despite the rush. I anticipatesimilar situations in college that will test my strength and endurance,forcing me to perform under pressure. Complying with self-imposed ruleswill be a challenge, since I have lived a sheltered life under parentalcontrol. With the insight of my experiences, I expect to respond to newobstacles in the same collected manner. Hard work, dedication andcommitment are some lessons I have learned as editor-in-chief. Asolution is always possible.

Financial Accounting Impact on Decision Makers

Question: Discuss about the Financial Accounting for Impact on Decision Makers. Answer: Introduction: Management and financial accounting are both significant tools for an organization, though they serve different purposes. An organization utilizes accounting in determining operational plans in future, reviewing their past performance as well as checking their current business roles (Kaplan Atkinson, 2015). Financial and management accounting have diverse audiences as potential investors are not engaged in the daily operations of the company but they are usually concerned on their investments while managers require information faster in making their business decisions (Horngren et al., 2012). To be more specific, financial accounting is utilized in presenting overall financial health of the firm to different external stockholders. It usually present particular period of time enabling the audience in reviewing how the firm has performed. Management accounting on the other hand is utilized in making decisions regarding the daily operations of an organization. This is not based on past performance, but it is based on future and current trends. With these considerations creating the two roles; that is management accountant and financial accountant would be crucial for the company. This is based on the fact that the two distinct roles would help in ensuring smooth and financial health organization. Management accountant role would be crucial to the firm since it assist in managing accounting of the finance in an organization. The individual assigned the management accountant role is very knowledgeable on all accounting rules in particular organization. His or her responsibility would entail computing to preparation of the financial statements in an organization which would be passed on to the top management of a particular firm (Horngren et al., 2005). With all the skills and expertise the management accountant possesses, s/he would be in a position to making some wise decision for an organization to prosper as well as gaining maximum income. In addition, the role of management accountant would be very important for the organization since would also entails risk management, strategic management as well as performance management; hence, facilitating smooth operation of the organization. Further, management accountant role would also be crucial for the firm since the person opera ting under this role would have combined knowledge and skills of a manager and accountant enabling them to account for every activity and cost being spent in the firm (Anthony, Welsch Reece, 1985). Management accountant would also be in a position to account for the money generated in an organization properly, while advancing an organization towards better production for the bigger income. Furthermore, management accountant would also provide advices to the managers on handling financial projects properly, predicting consequences of any operation as well as in financial decision-making by an organization, making reports on rivals financial moves and making internal audits. On the other hand, financial accountant role would also be very important in the organization since it would enhance proper financial management. In essence, financial accountant performs numerous functions than the management accountant (Burns Vaivio, 2001). S/he works directly for different organizations, performing internal financial related roles. Financial accountant also prepares internal financial statements, actively contributes to personnels operations, strategic and financial plans as well as in performing management duties. In most scenarios, financial accountant would help in reviewing financial transactions records for proper account posting and for accuracy (Albrecht, Stice Stice, 2010). The financial accountant also reviews all the records and books in ensuring that they are accurately recorded and that they accurately reflects operating outcomes of an entity. S/he would help in organizing the organizations records and books in preparations of the annual external aud iting of the firm. After review of the firms records and books, financial accountant is responsible for provision of advice and feedback to the senior management, especially relating to liability position, revenue issues, asset quality as well as cash flow sufficiency (Meigs, Lam Mallouk, 2002). The financial accountant is also responsible for offering advices on the use and status of an organization resource, results of the projections in an organization plan, updates on budgets and latest financial news which could impact on the companys operations. Further, financial accountant would be responsible in providing tax advices to the management including recommending action plans which reduces tax liability, non-taxable asset swaps, tax differed investments as well as cash flow planning in order to enable the firm remain liquid at the tax paying or filling duties (Burns Vaivio, 2001). The financial accountant would also help in preparation of all the tax reports and forms or in reviewing work of the o thers in ensuring that all taxes are filed correctly and on time. Therefore, the two distinct roles would be of great help to the firm in ensuring smooth operations. These roles would help in improving on how the company files its taxes as well as how it manages its finances. They would also assist the companys management in ensuring accurate records and books are maintained and ensuring that there is no incorrect use of the companys resources by its employees. Five Likely Questions That the HR Manager Will Ask After Presenting a Briefing on the Two Positions After presentation of the above roles to the HR managers, I anticipate the HR manager to ask the following questions; First, I anticipate the HR manager to ask me some of the advantages of creating the two roles to the company Secondly, I anticipate the HR manager to ask me some of the major disadvantages of management and financial accountant to the organizations. Thirdly, I anticipate the HR manager to ask me about some of the key skills and professionalism individuals applying for these roles should hold. Fourth, I anticipate the HR manager to ask me the additional costs creation of the two roles would have on the organization Finally, I anticipate the HR manager to ask me how the salary of the two roles would be catered for by the firm. Product cost classification Total prime cost is usually the total amount of costs incurred during production of a specific product. In essence, prime cost is usually the manufactured products costs used in producing a specific product. It is the measure of how much of the total production costs an organization should incur in producing a given product. It calculates the direct labor and raw materials but it fails to factor in the indirect manufacturing expenses like gas utilized in delivering the product or cost of logo. It is used in measuring total cost of production inputs required in creating a specific output. Generally, prime cost is usually the sum of the direct costs required in producing a product. This comprises of direct labor, direct material as well as other direct costs. It is usually equal to direct material costs plus wages plus direct labor costs plus fringe benefits. Therefore, in this case, total prime cost is calculated as follows; Manufacturing overhead costs comprises of organizations factory operations. It comprises of cost incurred in an organization except costs of the direct labor and direct materials. In essence, manufacturing overhead costs are the indirect factory-related costs incurred when a particular products is being manufactured. Alongside with costs like direct labor and direct material, manufacturing overhead costs should be assigned to every unit produced so as costs of goods sold and inventories are reported and valued in accordance with GAAP. To be more specific, manufacturing overhead costs comprises of things such as electricity utilized in operating factory equipment, cost for factory personnel, factory supplies as well as depreciation of factory equipment. With these considerations, total manufacturing overhead is calculated as follows; Conversion costs Conversion costs are those costs used in converting unfinished goods to finished goods. In essence, conversion costs comprise of all indirect and direct production costs that are incurred on activities which covert the raw materials or the unfinished products to finished goods. Therefore, conversion costs comprises of two components; that is, manufacturing overhead costs as well as the direct labor costs. It is calculated by adding manufacturing overhead costs to direct labor costs. With these considerations, total conversion cost in this case is calculated as follows; Product cost is the cost utilized in creating a product. This includes direct material costs, direct labor costs as well as factory overheads. It can also be considered as the cost of labor needed in delivering services to the clients (Kimmel, Weygandt Kieso, 2010). In essence, product costs for the external reporting comprises of portion of an organization costs which do not differ with units produced. Such costs include labor costs, overhead costs as well as material costs. With these considerations, product costs in this case will be calculated as follows; ventory, expenses or the fixed assets (Porter Norton, 2012). It is more closely linked with passage of time as compared to transactional event. In essence, period costs are those cost which are not included in product costs and they are not part and parcel of the manufacturing process and thus are treated as expenses for period in which they are incurred. With these considerations, total period cost in this case is calculated as follows; Cost behavior Engineered variable costs are those costs that are directly linked with sales or production level in an organization (Libby, Libby Short, 2001). Further, discretionary fixed costs are those costs or expenditures for a fixed asset, which could be reduced or eliminated without having immediate effects on reported profitability of an organization (Horngren et al., 2002). On the other hand, committed fixed cost is usually an investment which an organization has already made and could not recover at all or obligations already made which an organization could not get out from such obligation. Costs Classification Of The Costs Reason For Specific Classification a. Cost of daily radio advertising on the local community radio station. discretionary fixed costs This is based on the fact that this cost could be reduced or eliminated without any immediate effects on organizations profitability. b. costs of the fabric used to make the T-shirts engineered variable costs This is because the cost differs or varies based on the output level. c. cost of the ink used in the designs engineered variable costs The reason behind this classification is that the cost differs or varies based on the output level. d. Salary of the managing director committed fixed costs The reason behind this classification is because the cost cannot be reduced or eliminated since it would impair operation of the organization. e. Wages of the production employees who sew and print the T-shirts Engineered variable costs This is based on the fact that the cost is directly linked with the number of T-shirts sewed and printed. f. Costs of movie tickets provided for the Employees of the month award each month Discretionary fixed costs This is based on the fact that this cost could be reduced or eliminated without any immediate effects on organizations profitability. g. Depreciation of the sewing machines, calculated on a units of production basis committed fixed costs This is based on the notion that depreciation is a cost that arises once the company starts its operations and therefore nothing much could be done in reducing such cost. h. Cost of electricity used in the factory building committed fixed costs This is committed fixed cost since the company cannot forego this costs no matter what without impairing its competence in meeting long-run objectives i. Rent of the building committed fixed costs This is because rent is a cost that must be paid by an organization to continue its operations in the building j. Wages of the staff who package the T-shirts. Engineered variable costs This is based on the fact that this cost is directly dependent on the number of T-shirts being packaged. k. Cost of sewing machine maintenance Committed fixed costs This is based on the fact that this cost could not be reduced or eliminated since it have to be there for normal operations of the company to be continue smoothly. l. Cost of the new advertising sign at the front of the factory. Discretionary fixed costs The reason behind this classification is that such a cost could be eliminated without causing any negative effect on the organizations profitability m. Cost of the company car used by the managing director Discretionary fixed costs The notion behind this is that this cost is set for a specific period by management during budgeting but can be eliminated completely without any affecting the companys operations. References Albrecht, W., Stice, E., Stice, J. (2010).Financial accounting. Cengage Learning. Anthony, R. N., Welsch, G. A., Reece, J. S. (1985).Fundamentals of management accounting. McGraw-Hill/Irwin. Burns, J., Vaivio, J. (2001). Management accounting change.Management accounting research,12(4), 389-402. Horngren, C. T., Bhimani, A., Srikant M.. Datar, Foster, G., Horngren, C. T. (2002).Management and cost accounting. Harlow: Financial Times/Prentice Hall. Horngren, C. T., Sundem, G. L., Stratton, W. O., Burgstahler, D., Schatzberg, J. (2005).Introduction to management accounting. Upper Saddle River, New Jersey: Prentice Hall Horngren, C., Harrison, W., Oliver, S., Best, P., Fraser, D., Tan, R. (2012).Financial accounting. Pearson Higher Education AU. Kaplan, R. S., Atkinson, A. A. (2015).Advanced management accounting. PHI Learning. Kimmel, P. D., Weygandt, J. J., Kieso, D. E. (2010).Financial accounting: tools for business decision making. John Wiley Sons. Libby, R., Libby, P. A., Short, D. G. (2001).Financial accounting. McGraw-Hill/Irwin. Meigs, R. F., Lam, W. P., Mallouk, B. M. (2002).Financial accounting. McGraw-Hill Ryerson. Porter, G. A., Norton, C. L. (2012).Financial accounting: the impact on decision makers. Cengage Learning.

Personal Characteristics Essay Sample

Personal Characteristics Essay SampleAlmost all TMDSA personal characteristics essay sample forums have their own guidelines for usage of the material, both in terms of content and formatting. It is your responsibility to make sure that the samples are accurately selected to match the content of the forum. Not doing so can seriously hamper your essay.The terms which constitute the basis of personal characteristics essay sample forums include: knowledge, attributes, and skills. The main purpose of this part of the essay is to prove how someone can contribute to a group and how that person has unique qualities that make him/her better than other students. The focus of the essay should also be on building up the person's contribution, including proof of his/her exceptionalism and proof of outstanding performance.As a student, you should know how to properly use personal characteristics essay sample forums in order to create a good personal characteristics essay sample. In order to do th is, you should have an in-depth knowledge of these forums and the steps needed to fully utilize them. If you do not possess this knowledge, you should hire the services of a professional essay consultant who can guide you in utilizing this type of forum in the right way.The first step that you should take in writing a personal characteristics essay sample is to determine the target audience of the essay. There are forums that are specifically made for students who want to write academic essays in school, while there are others which are meant for adult students who wish to write essays in school as well. You should therefore decide whether the forum that you are looking for is for academic or for adult students before you actually go out and start writing your personal characteristics essay sample.Another step that you should take in writing personal characteristics essay sample is to determine the topic that you want to cover in your paper. If you are looking for a forum wherein to help adults write their personal characteristics essay sample, then it would be better if you look for one that caters specifically to adult students. However, if you are looking for a forum that can help you write your personal characteristics essay sample, you can always look for forums that have general topics like: losing weight, how to have healthier relationships, etc.Another important factor that you need to take into consideration when writing a personal characteristics essay sample is to make sure that the forum you are looking for has a particular theme that matches with the subject matter of your essay. Some topics that are commonly seen in these forums include: aging, health, psychology, relationships, credit card bills, career planning, etc. By making use of this forum's theme, you can easily narrow down your essay topic. You should also ensure that the topic that you choose matches with the theme of the essay that you are writing so that it can be easier for you to wr ite.Another important aspect that you need to consider when writing a personal characteristics essay sample is to make sure that the content of the forum that you are using has sufficient information for you to get a detailed idea of the topic. It would be better if you already have a general idea of the topic that you want to write about. After all, you want your essay to have a sense of personalization.Lastly, you should take the time to make sure that the forum that you are using has clear guidelines in order to effectively use it in order to write your personal characteristics essay sample. If the guidelines in the forum are unclear, you should avoid going to use the information in the sample. You should instead contact the advisor of the forum for clarification on how to properly use the material.

Sr.Pablo free essay sample

Dell’s Working Capital B. B. Chakrabarti Professor of Finance IIM Calcutta The Questions ? How was Dell’s working capital policy a competitive advantage? ? How did Dell fund its 52% growth in 1996? The Questions ? Assuming Dell sales will grow 50% in 1997, how might the company fund this growth internally? How much would working capital need to be reduced and / or profit margin increased? What steps do you recommend the company take? How would your answer to the above question change if Dell also repurchased $500 million of common stock in 1997 and repaid the long-term debt? ? Dell’s Competitive Advantage 1) Conservation of capital due to lower inventory holding Compaq Dell DSI in 95 73 32 Cost of sales of Dell in 95 = $2737 mn. (Ex. 4) Additional inventory at Compaq’s DSI = $2737 * (73-32) / 360 = $312 million Dell’s Competitive Advantage 2) Reduced obsolescence risk and lower inventory cost ? Component cost can reduce by 30% a year as new technology is introduced. ? Inventory as % of COS – Dell (8. We will write a custom essay sample on Sr.Pablo or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 9%) and Compaq (20. 3%) ? Inventory loss due to 30% reduction in price – Dell (2. 7%) and Compaq (6. 1% of COS) ? Comparative increase in profit in Dell in 96 = $2. billion *(6. 1%-2. 7%) = $93 million Dell’s Competitive Advantage 3) Quicker adoption of new technology ? Dell’s low inventory levels resulted in fewer obsolete components as technology changed. ? While Compaq had to market both new and older systems due to high levels of inventory, Dell could offer new and faster systems quickly due to low inventory and build-to-order models. Funding 52% Growth in 1996 Facts to consider ? 95- Total assets = 46% of sales ? 95- ST investments = 14% of sales ? 95- Operating assets = 32% of sales ? 95- Net profit = 4. 3% of sales ? 6- Dell would require 32% of increased sales in operating assets i. e. $(5296-3475)*32% = $582 million. Funding 52% Growth in 1996 Facts to consider ? 96- All assets excepting ST investments will grow at 52% over 95 figures ? 96- Assumed tha t the liabilities will also proportionally increase. ? 96- Need additional $582 million assets Funding 52% Growth in 1996 Facts to consider ? 96- Sources of funds: Increase in liabilities = $494 million Operational profit = $5296*4. 3% = $ 227 million ST investments = $484 million ? Enough available money for internal funding How Dell Funded 1996 Growth? Facts ? Higher asset efficiency Reduced cash, receivables, inventory and other current assets Needed addl. $447 million of operating assets How Dell Funded 1996 Growth? Facts ? Sources of funds Increase in current liabilities = $187 million Net Profit = $272 million How Dell Performed in 1996? ? Dell introduced Pentium technology. ? Unit sales grew by 48%. ? Average unit revenue grew by 3%. ? Gross margin declined by 1% due to aggressive pricing strategies and account mix shift. ? Net margin improved from 4. 3% to 5. 1% ? Common stock was issued to Funding 50% Growth in 1997 Facts to consider ? 96- Operating assets = 30% of sales ? 96- Net profit = 5. 1% of sales ? 97- Dell would require 30% of increased sales in operating assets i. e. $(2336-1557) = $779 million. Funding 50% Growth in 1997 Facts to consider ? 97- Increase in liabilities = $588 million ? 97- Net profit = 5. 1% of $5296*1. 5 = $405 million ? ST investments = $591 million av. ? So, internally growth can be funded. 97 with Repayment of LT Debt and Repurchase of $500 mn. Of Equity ? Funds needed = $984 million ? Sources of Funds: 1% increase in margin = $79 million ST investments = $591 million av. Also, negative cash conversion cycle can do ( 97- Avg. daily sales = 96 sales*1. 5/360 = $22. 1 mn. and Avg. daily COS = 79. 8% of sales as in 96 = $17. 6 mn. i. e. 44 days of sales or 65 days of COS. 96- CCC = 40 days) 97- Actual Cash Conversion Cycle QTR. 4 1996 Qtr. 4 1997 DSI DSO DPO CCC 31 42 33 40 13 37 54 -4 Diff. -18 -5 +21 -44 CCC = DSI + DSO -DPO Savings from WC Improvements Annual sa vings from: Reduced inventory = 18*17. 6 = $317 mn. Reduced Receivables = 5*22. 1=$110 mn. Increased Payables =21* 17. 6=$ 370 mn. Total savings = $797 mn. Actual 1997 ? Sales grew by 47%. CCC became – 44. ? Profit margin increased to 6. 6% from 5. 1%. ? Component prices decreased. Advantage over competitors. ? Dell applied JIT philosophy. Actual 1997 ? Operating assets increased by $199 million only. ? Total liabilities increased by $733 million even after repayment of LT debt. ? Dell obtained $279 million from put options. ? About $500 million equity repurchased. ? ST investments increased by $646 Actual 1997 Dell funded 1997 growth internally, repaid long-term debt and repurchased about $500 million in equity through a combination of working capital and margin improvements.

Ramesses II Social and Cultural Contribution essays

Ramesses II Social and Cultural Contribution essays Ramesses II Social and Cultural Contribution Ramesses II the Great, as he is most commonly known, was the ruler of Egypt in the 19th dynasty. He was co-ruler with his father Seti I and at age 22 he was already known as a great and fearless warrior. After his father death at approximately 1279 BC, Ramesses II now at age 24 began his reign. He was a young ruler full of energy and ambition. He ruled for 66 years until the age of 90 and finally died at approximately 1212 BC with the status as the longest reigning king in Egypt. Ramesses II was known for the temples and monuments he erected during his reign. Soon after his father died he started building monuments and temples honoring his father. He erected many such as the temple at Abu Simbel, the hypostyle hall at Karnak, a mortuary complex at Abydos, the Colossus of Ramesses at Memphis, a great tomb at Thebes, additions at the Luxor temple and the famous Ramesseum (touregypt.net/19dyn03.htm). He also renovated many of the structures already standing from past dynasties. The sculpture that captivates sculptors the most is the great Colossus of Ramesses. It stands at about 33.8 ft. long even though it has no feet. The sculpture is perfectly carved and polished. Every hidden part of this enormous statue, are equally finished. Modern sculptors are amazed at the supreme craftsmanship, so amazed that one modern day sculptor commented: How these master carvers achieved perfect surfaces on this scale with simple tools was beyond my comprehension. My own twenty years experience provided no clue. But clearly this was not the work of slaves. This forty-foot length of stone could only have been brought to life though the sensitive hand and watchful eye of a master sculptor, and with a great deal of loving care. Unfortunately, Ramesses II did not pay too much attention or give as much attention to the engraving of text. However, his beau...

Guess Whos Coming to Dinner Essay Example | Topics and Well Written Essays - 1000 words

Guess Whos Coming to Dinner - Essay Example As tha discussion highlights the primary themes in the film revolve around the relationships shared between father and son, father and daughter and husband and wife. Tracy and Hepburn are a liberal minded couple and have brought up their daughter, Katherine Houghton, to be open- minded and think for herself instead of conforming to conventional norms. However, they were not prepared for the huge shock that awaited them, when she returned from her vacation with a new fiancà ©, Poitier who was an African American doctor. The parents of the bride and groom are prejudiced and unable to accept this fact. Their interpersonal communication has barriers which they find difficult to break down or cross. For each of them, the situation holds a different meaning and though they communicate with each other, they were not actually hearing the other person’s point of view.From this paper it is clear that  director Stanley Kramer, highlights the depth of conversation and emotions that flo w between the father and son, engaged in a heated argument. There is a clear generation gap between them and this is the major barrier that comes between them and prevents them from actually listening to each other. Poitier’s father is unable to comprehend what is being said, being the stereotypical father that he is. He is unable to accept that his son has grown into a man and has his own ways of thinking and making decisions.

Business project Coursework Example | Topics and Well Written Essays - 500 words - 1

Business project - Coursework Example Diversification of Toyota’s employment approach brings future concepts and new ideas that maintain emerging on the automotive industry frontier, hence maintaining Global and Canada leadership. One amongst the many business strategies of Toyota is recruiting the brightest and the best, thereby creating chances for partnership (Shang, pp. 72) The key strategies give employee’s and consumer’s perception that Toyota sticks on excellence reputation on all stage of operation. The company has a belief of having business ethics as well as social ethics. Ethics starts at the company’s core and work out their way. The top managers believe in divergence and via that it represents various Toyota faces. At Toyota no stereotypical prejudices or assumptions are ostensible, just the choosing of individuals with talents and are innovate and can lead. Socially, Toyota is portrayed to have a positive image. The company also believes that it should extend a helping hand to the communities to improve their living standards. Toyota works with university, schools and other organizations in supporting programs that aids the world to improve. The ideals are propagated worldwide. Clients were astonished in the year 2009 by the initial series of publicized recalls of vehicles in America. They cited a problem in which incorrect floor and poorly placed mats under the seat of the driver could cause uncontrollable acceleration in various models, Toyota said that it had o recall 3.8 million America vehicle. The recall was due to a fatal crash that took place in California where a Lexus’ accelerator got stuck and resulted to the driver’s death. In addition, reports of accidental acceleration because of stick pedals made the traffic administration to ask Toyota to recall their models and vehicles. To manufacturing students and car buyers’ excellence, the company was not