Taxation-Accounting homework assignment

/in /by

Taxation-Accounting homework assignment

Submission: ONE (1) WORDOR ONE (1) EXCEL FILE only to be submitted via the link on MySCU, PLUS ONE (1) PDF FILE containing Handitax ITR and all attendant schedules and estimates.

WORD and EXCEL File Name:

SURNAME Tax Assignment 1.DOC/X or SURNAME Tax Assignment 1.xls/xlsx

ONLY SUBMIT THE ITR AS APDF FILE – Other work in PDF files will not be marked.

Remember: The purpose of an assignment is for you to demonstrate your knowledge and understanding of the topics. Make sure your answers are comprehensive enough to achieve this.

NOTE: THIS IS AN INDIVIDUAL ASSIGNMENT

YOU SHOULD WRITE ALL WORK SUBMITTED YOURSELF AND IT SHOULD BE BASED ON YOUR OWN RESEARCH. EVIDENCE OF COPYING FROM OTHER STUDENTS WILL BE TAKEN SERIOUSLY AND REPORTED.

ASSIGNMENT INSTRUCTIONS

EMPLOYMENT:

Your client (use your own name as the client name) is the sole director of DigitalFeet Pty Ltd. The business employs five staff members, including your client who holds the position of managing director.DigitalFeetanalyses financial information andprovides investment advice to registered clients.

The payment summary from DigitalFeet Pty Ltd shows the following:

· ABN 84 111 122 223

· Gross Payments $140,000

· Tax Withheld $42,232

DigitalFeet also paid $88 a month for your client’s mobile phone account and additional superannuation contributions of $12,000 under a salary sacrifice arrangement. This amount is in addition to superannuation guarantee requirements.The phone payments related to a fixed monthly contract in the employee’s name and payments were made directly to the phone company by the employer.

Your client owns an Audi Q5. They purchased the car on 1 June 2016 for $85,000. The car travelled 36,500 kms during the year and your client has indicated that about 80% is work related but they have not kept a log book. Your client pays for all the running costs for the vehicle. During the year these costs included:

Fuel & oil

$6,950

Servicing

$1,200

Registration

$ 760

Insurance

$1,800

Tyres

$1,400

Excess on insurance claim.

The insurance company paid for the balance of the cost of repairs.

$750

Car washing

$1,200

DIVIDENDS& INVESTMENTS:

DigitalFeet Pty Ltd is a large company with two (2) shareholders, your client and their spouse. Your client owns 60% of the issued shares in the company. The shareholders were paid a lump sum of $280,000 in April. They explained that the company had been very successful over the last couple of years and had accumulated significant cash reserves. They described this payment as a fully franked dividend. The proceeds were used to reduce the line of credit that was taken out to purchase the home in which they live.Interest paid on the home loan for the year was $18,000.

The client also has a portfolio of shares that were inherited from their father. The father passed away on July 15, 2017. On finalisation of the estate the following shares were transferred to your client and the client received notification that all the shares had been transferred on 1 December 2017.

Share

Date Purchased by Father

Number of Shares Purchased

Price Paid per Share at time of purchase

Market Value at Date of Death

BHP

4 Jan 1985

2,000

$5.00

$20.37

CBA

12 Sept 1991

2,000

$5.40

$75.94

COH

4 Dec 1995

1,000

$2.90

$124.77

FLT

1 Dec 1995

1,000

$0.95

$32.29

MYR

7 Nov 2009

8,000

$4.10

$1.21

TLS

3 Nov 1997

2,000

$3.30

$5.75

The following fully franked dividends were received by your clientduring the year:

· CBA $ 990.00

· COH $1,300.00

· FLT $ 400.00

· TLS $ 155.00

The taxpayer sold the BHP and MYR Shares on 5 January 2018 to raise the deposit for the property purchase discussed below. The BHP Shares sold for $25.63 each and the MYR Shares for $1.35 each. The brokerage fee was based on a percentage of the sale proceeds for each parcel of shares and amounted to $115 for the BHP Shares and $50 for the MYR Shares.These amounts include GST.

RENTAL PROPERTY: 4/285 Pacific Parade, Bilinga, 4225

The taxpayer owns a unit on the Gold Coast which is rented to their daughter. A contract was entered into to purchase the property on 12 January 2018for $600,000 and settlement took place on 1 March 2018. The taxpayer’s daughter moved in immediately. She pays rent of $440 on Wednesday each week. The first payment was made on the day she moved in.(Hint: You need to research the issues around renting properties to relatives and include your findings in your workpapers and letter of advice.)

The buildingwas originally constructed in 2005. A quantity surveyor’s report commissioned at the time of purchase shows the construction cost of the unit was $180,000. Thequantity surveyor also identified the following itemsincluded in the purchase for depreciation purposes:

Asset

Value at time of purchase

15200Stove

$750

Hot water system (electric)

$850

Carpet

$3,750

Dishwasher

$700

Air conditioner (room unit)

$1,200

Window curtains

$2,700

The taxpayer purchased a refrigerator for $880 and a washing machine for $1,500. These were installed in the unit for use by the tenant on settlement date.The taxpayer elects NOT to use a low value pool for depreciating assets and chooses the diminishing value method of depreciation where applicable. Please note assume pre new s40-27 rules apply.

Other costs paidin relation to the property before 30 June 2018 include:

Stamp duty on property purchase

$20,025

Legal fees on property purchase

$ 1,340

Body corporate fees

$1,350

Council rates

$ 950

Water Rates

$ 340

Insurance

$ 685

Loan repayments (interest only)

$8,400

Quantity surveyor’s report fee

$ 699

OTHER INFORMATION:

· Dry cleaning of work suits $650

· Personal contributions to superannuation made by the taxpayer $12,000

(Sunsuper Account #70086511)

· Donations were made to:

· Cancer Council Australia $1,200

· The “Sea Shepherd” $1,200

· Association of Financial AdvisorsMembership Fees $940

· Subscription to “The Economist” $120

· “Vegan Living” magazine subscription $150

· Fees paid to the bank in January 2018 to establish the loan to purchase the unit were $800. The loan is for 25 years.

· The taxpayer also has an insurance policy that covers their income in the event of an accident or death. The premium is paid directly from their bank account each month. The total for 2017/18 was $4,000 of which 50% relates to the replacement of income in the event of an accident.

· In 2015 the taxpayer was involved in a car accident and sustained injuries that required medical attention and rehabilitation therapy. In December 2015 the court awarded the taxpayer $8,000 as compensation for medical expenses incurred because of the injuries from the accident. Payment was received in December 2017.

· The family is covered by private health insurance with BUPA. The policy was taken out on 1 May 2018. The premium paid to the end of the year was $860 and they claimed a rebate of $83. The policy number is 132717 and the health fund has notified them that the Benefit Code is 30.

· The taxpayer’s date of birth is 18 May 1977, they are married.You can make up the name & date of birth of the spouse. The spouse earned a salary of $85,000 for the 2017/18 year and was entitled to deductions of $2,250.

REQUIRED:

  1. Using a WORD or EXCEL document, prepare a set of workpapers. Include detailed explanations about whether each item is assessable income or gives rise to an allowable deduction. Show all workings, explain why you have treated items as you have, and provide appropriate authority for your decisions by referencing sections of the legislation, case law and/or income tax rulings.Your workpapers need to be complete so that they can be reviewed by your supervisor and relied upon in the event of an audit in the future.They should also be reconciled and cross-referenced to reporting labels on the income tax return.
  2. The document should be indexed with a separate heading for each category you deem appropriate. Some suggested headings include:

a. Work Related Income

b. Other Income

c. Capital Gains

d. Rental Property

e. Deductions

  1. Tax Payable, Offsets & Levies (include all levies and offsets considered, explain why they are or are not applicable and reconcile to the tax return calculation).
  2. Organise your work papers so that amounts are directly transferrable to items on the Income Tax Return and provide cross references to the tax return label where the amount is reported.Make sure that all calculation steps are visible in your workpapers to ensure your full work is markable and marked.
  3. Depreciation calculations can be done using Handitax with the total transferred back to the rental property section of your workpapers for reconciliation purposes.
  4. UseHanditax to prepare the income tax return, including any relevant schedules, for the year ended 30 June 2018. Use your own name, and the Dummy TFN that you have been assigned. All other details are to come from the assignment instructions.
  5. Write a professional letter of advice to your client summarising their tax situation and explaining the important aspects of the items that are included in their tax return and those that have been disregarded.You should include advice to the client about potential improvements to their record keeping and other information that is relevant for future tax planning.It is recommended that you seek help from Student Learning Support to ensure that you have used professional language and your letter is error free.Your letter should be about 2 pages long – comprehensive but concise. If it is too long your client won’t bother reading it (and it will NOT be marked). It should be written in language and pitched at a level your client will understand. It should not be too technical; your client is unlikely to be interested in which sections of the legislation form the basis of your decisions.Do you need to provide your client with any instructions?

SUBMISSION INSTRUCTIONS:

  1. One (1) WORDor EXCEL file containing your work papers and associated explanations should be submitted via the link on MySCU.Your letter of advice should be in the same WORDdocumentOR a separate sheet in the same EXCEL workbook and submitted via the link on MySCU.
  2. ONE (1) PDF FILE containing Handitax ITR and all attendant schedules and estimates

BOTH THE ABOVE FILES MUST BE INCLUDED IN A SINGLE SUBMISSION

Further instructions regarding the Income Tax Return will be provided during classin and by way of announcements on MySCU in the weeks prior to the due date for submission. DO NOT WAIT FOR THESE INSTRUCTIONS TO START YOUR ASSIGNMENT – IT SHOULD BE ALMOST COMPLETE BY THE BEGINNING OF WEEK 10. THIS WILL ALLOW YOU TO FOCUS ON COMPLETING THE TAX RETURN COMPONENT IN WEEKS 10 AND 11.

7

The post Taxation-Accounting homework assignment appeared first on graduatepaperhelp.

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Developing a Training Program

/in /by

Developing a Training Program

Overview

This assignment is the first component of your course project to create an employee training and development program for a selected topic. For this assignment, you will create the initial design for your program, including a training needs analysis and training objectives.

By successfully completing this assignment, you will demonstrate your proficiency in the following course competency:

Demonstrate effective training program design, development, and implementation.

Assignment Instructions

Complete the following for this assignment:

Identify the general training topic you have selected for your training program (1–2 pages). Create your training scenario based on the topic you have selected. Include the following:

A general description of the training topic.

Why this training is needed.

Who is to be trained.

How many are being trained.

Develop a training needs analysis for your topic (3–4 pages). For the purposes of this project, you are not expected to actually conduct the training needs analysis (TNA). Instead, create the following information as if it is based on a TNA.

Identify what the trainees should know or be able to do after they have completed the training program. Research your topic to determine what you want your trainees to learn. Your sources might be anything from an Internet search for data, to a meeting with subject matter experts (SMEs) who are good at the task involved. For example, if you training topic is how to tile a wall, you might search the Internet for do-it-yourself instructions, or you might consult with a specialist at a home improvement store.

Summarize the results of your research or provide a set of the questions you would ask SMEs if you were to meet with them.

Identify what the trainees know or what they can do before the training.

Create a sample survey, a questionnaire, a set of interview questions, or an observation checklist. Include this in your assignment submission as a separate attachment.

Develop training objectives for your training program (1–2 pages). Create 3–5 specific training objectives for your topic.

Create your objectives based on what you have determined the trainees should know (or be able to do) after attending the training program.

Design a training program for your topic (3–4 pages). Define each of the following aspects and explain why you made the choices you did.

How long will the training program be?

Will there be one or more training sessions?

Will those who facilitate the training be internal or external instructors?

Where will the training program be held?

How will learners be motivated to learn?

Who is the intended audience for the training?

Assignment Requirements

Written communication: Write in a professional style with correct grammar, usage, and mechanics.

Resources: Include at least 1 peer-reviewed resource that is not from ATD or SHRM.

APA formatting: Use APA (6th edition) style and formatting to present your references and citations.

Length of paper: 8–12 typed, double-spaced pages.

Font and font size: Times New Roman, 12-point.

The post Developing a Training Program appeared first on graduatepaperhelp.

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

workers Training and Development

/in /by

workers Training and Development

Designing a Training Program

Overview

This assignment is the first component of your course project to create an employee training and development program for a selected topic. For this assignment, you will create the initial design for your program, including a training needs analysis and training objectives.

By successfully completing this assignment, you will demonstrate your proficiency in the following course competency:

Demonstrate effective training program design, development, and implementation.

Assignment Instructions

Complete the following for this assignment:

Identify the general training topic you have selected for your training program (1–2 pages). Create your training scenario based on the topic you have selected. Include the following:

A general description of the training topic.

Why this training is needed.

Who is to be trained.

How many are being trained.

Develop a training needs analysis for your topic (3–4 pages). For the purposes of this project, you are not expected to actually conduct the training needs analysis (TNA). Instead, create the following information as if it is based on a TNA.

Identify what the trainees should know or be able to do after they have completed the training program. Research your topic to determine what you want your trainees to learn. Your sources might be anything from an Internet search for data, to a meeting with subject matter experts (SMEs) who are good at the task involved. For example, if you training topic is how to tile a wall, you might search the Internet for do-it-yourself instructions, or you might consult with a specialist at a home improvement store.

Summarize the results of your research or provide a set of the questions you would ask SMEs if you were to meet with them.

Identify what the trainees know or what they can do before the training.

Create a sample survey, a questionnaire, a set of interview questions, or an observation checklist. Include this in your assignment submission as a separate attachment.

Develop training objectives for your training program (1–2 pages). Create 3–5 specific training objectives for your topic.

Create your objectives based on what you have determined the trainees should know (or be able to do) after attending the training program.

Design a training program for your topic (3–4 pages). Define each of the following aspects and explain why you made the choices you did.

How long will the training program be?

Will there be one or more training sessions?

Will those who facilitate the training be internal or external instructors?

Where will the training program be held?

How will learners be motivated to learn?

Who is the intended audience for the training?

Assignment Requirements

Written communication: Write in a professional style with correct grammar, usage, and mechanics.

Resources: Include at least 1 peer-reviewed resource that is not from ATD or SHRM.

APA formatting: Use APA (6th edition) style and formatting to present your references and citations.

Length of paper: 8–12 typed, double-spaced pages.

Font and font size: Times New Roman, 12-point.

The post workers Training and Development appeared first on graduatepaperhelp.

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Evaluate two (2) key changes in the selected company’s management style from the company’s inception to the current day

/in /by

Faculty will provide two to three (2-3) companies for you to choose from for this assignment. Use Strayer University Library at https://research.strayer.edu and the internet to research the selected company from its inception to current-day operations.

Write a five to six (5-6) page paper in which you:

  1. Evaluate two (2) key changes in the selected company’s management style from the company’s inception to the current day. Indicate whether or not you believe the company is properly managed. Provide support for your position.
  2. Explain senior management’s role in preparing the organization for its most recent change. Provide evidence of whether the transition was seamless or problematic from a management perspective. Provide support for your rationale.
  3. Evaluate management’s decision on its use of vendors and spokespersons. Indicate the organizational impact of these decisions.
  4. As a manager within the selected company, suggest one (1) innovative idea that could have a positive impact on both the employees and customers of the company. Indicate the approach you will take in implementing the new idea. Provide support for your suggestion.
  5. Predict the selected company’s ability to adapt to the changing needs of customers and the market environment. Indicate how open communication channels are critical for successfully implementing change in the organization. Provide support for your prediction.
  6. Go to https://research.strayer.edu to locate at least three (3) quality academic resources. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Analyze the activities and skills associated with the planning function of management.
  • Analyze the activities and skills associated with the organizing function of management.
  • Use technology and information resources to research issues in modern management.
  • Write clearly and concisely about modern management using proper writing mechanics.
 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Narrative Analysis-Psychology homework task

/in /by

Narrative Analysis-Psychology homework task

By Day 7

Submit a 3- to 5-page paper in which you provide a narrative analysis of the Life Span Interview you completed. The paper should:

Provide a chronological history of the individual’s major life experiences.

Identify specific biological, psychological and sociological influences that shaped the individual’s experience.

Analyze the individual’s experiences by applying theory and concepts learned throughout both HBSE courses.

Provide your reflection of the experience, both in interviewing the individual and analyzing their narrative.

Explain what you learned and how you will apply this to future social work practice.

The post Narrative Analysis-Psychology homework task appeared first on graduatepaperhelp.

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Memorandum -Marketing homework Assignment

/in /by

Memorandum -Marketing homework Assignment

Learning Activity #1

You will read the learning activity below and follow the instructions provided. You will create the memorandum and submit in the discussion area.

Read the Following Case Scenario:

A recent survey was taken among employees at Biotech Health and Life Products (Biotech). The results were alarming, as it appeared the leadership has been less effective than in the past. Some of the common complaints seemed to focus on the lack of vision, a breakdown in communication and a lack of connection with staff.

You have read the results and as Vice President of Biotech, you completely agree with employees. Leadership is the cornerstone to success in any organization and to permit poor leadership can only spell trouble. It occurred to you that the place to start change was staring you in the face – the new management hires planned for Warehouse Operations in Dallas and Miami. Mumbling to yourself “but what do I want them to look like?” you decide that you must write a memo to HR Director, Jennifer Diaz to make sure the “right” description of a leader is asked for in the soon-to-be released job description. Scrambling around on the desk, you find the old job announcement so that you can make some changes. It reads, “Biotech is looking for experienced warehouse managers who focus on keeping the distribution speed high and shipping costs low. Manager must be able to motivate employees to keep distribution, packing, and shipping moving smoothly and efficiently. Must be someone who can handle a fast-paced environment, is used to meeting deadlines, is driven and results-oriented. Goal oriented and policy adherence critical to succeed in the department.”

Instructions:

You will act as the Vice President of Biotech. Write a memorandum to the HR Director, Jennifer Diaz that explains the need for a new job announcement for managers at Biotech. The memorandum will explain how the business environment has changed the view of the leader and defines the vision you have based on synthesizing the course material about leadership theory and definition of a leader in today’s business environment opposed to leaders hired in the past.

In writing the memorandum, use the course material from week 1 (you may also use course material from week 2) to support the reasoning and conclusions made. You will also use the Biotech Company Profile .

NOTE: MEMORANDUMS ARE NO MORE THAN 2 PAGES. the memorandum needs to include all the following PROFESSIONALLY: (SAMPLE:

https://owl.purdue.edu/owl/subject_specific_writing/professional_technical_writing/memos/sample_memo.html)

Answer the following:

Explain how the existing job announcement for new hires was effective in the past based on the theories and view of leadership through the 1990’s.

Explain why the leader of today would no longer fit the definition set out in the old announcement.

Describe what a leader looks like today and what theories and leadership definitions support this description.

Memorandum Set Up

Create a Word or Rich Text Format (RTF) document (no pdf files allowed) using 12-point font. A memo is left justified with no indentations of paragraphs. A memo is single-spaced with a double space between paragraphs to make the memo easy to read.

In business, writing must be concise, easy to read and free of writing and grammatical errors.

You are required to use in-text citations with an associated reference list.

Use headings for each element. It is suggested that you set up the memo with all of the required headings and then fill in each section of the memo.

Use a memo format:

To:

From:

Date:

Subject:

Remember, you are sending this memo to the HR Director so this is a formal memo. Proof the memo carefully for typos, grammatical errors and ensure the memo conveys the points you are to address. Why? Because your work products is a reflection of who you are – it is your brand! A good brand can lead to future opportunities in an organization such as a promotion.

Make sure the memo is audience appropriate, concise, coherent, readable, uses appropriate terminology, is professional, provides a factual tone (no opinion and no recommendations), and is visually appealing.

Memorandum Requirements

You are sending this memo to the HR Director, Jennifer Diaz. Read the memo to ensure all required elements are present. You also need to use facts from the case scenario and course material to support the ideas and reasoning put forth.

The language in the announcement has to be just right so that Biotech attracts the best candidates. Therefore, it is important to help Jennifer capture the essence of a leader at Biotech.

Make suggestions about language that should appear in the job announcement that supports the definition and characteristics you derived for the leader of today.

Provide an explanation so Jennifer knows why the specified language is important to convey the definition and characteristics of a leader;

Make suggestions about language that would not be in the job announcement for this leader;

Provide an explanation why the specific language should not be in the job announcement.

Not just anything is acceptable so make sure to read the course material and make wise selections in creating this memo.

The following items are required in writing the memo. Check off to ensure compliance to the following requirements.

Use the grading rubric while completing the project to ensure all requirements are met that will lead to the highest possible grade.

Third person writing is required. Third person means that there are no words such as “I, me, my, we, or us” (first person writing), nor is there use of “you or your” (second person writing).

Contractions are not used in business writing, so do not use them.

Students will not use direct quotation marks but will instead paraphrase. What this means is that you will put the ideas of an author or article into your own words rather than lifting directly from a source document. You may not use more than four consecutive words from a source document (including the case scenario) or change words in a passage as doing so would require direct quotation marks. Use a passage from a source document by putting into your own words (paraphrase) and attribute the passage to the source document. Changing words from a passage does not exclude the passage from having to have quotation marks. If direct quotes are presented, they will not be included in the grading.

Use in-text citations and provide a reference list that contain a reference associated with each in-text citation.

Provide the page or paragraph number in every in-text citation presented. Refer to this link for more guidance on how to do this:

In-Text Citations – Including Page or Paragraph Numbers

Self-plagiarism is the act of reusing significant, identical or nearly identical portions of one’s own work. You cannot re-use any portion of a paper or other graded work that was submitted to another class even if you are retaking this course. You also will not reuse any portion of previously submitted work in this class. A zero will be assigned to the assignment if self-plagiarized. Faculty do not have the discretion to accept self-plagiarized work.

The post Memorandum -Marketing homework Assignment appeared first on graduatepaperhelp.

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

The Role of Accounting Information in Management Decision Making

/in /by

The Role of Accounting Information in Management Decision Making

Week 2: The Role of Accounting Information in Management Decision Making

Week 3: The Cost Function

Week 4: Cost – Volume – Profit Analysis

Instructions:

· Students must include these details (Name, Student ID, CRN, Date of submission)

· Do NOT remove the questions in the answer papers. But write your answers below each question.

· Answer the ALL questions.

· Assignments should be submitted in MS Word format

· Font should be Times New Roman with 14 points.

· You are required to work in this assignment individually.

· You should submit the assignment via the Blackboard.

· Students who submit assignments after deadline, will get ZERO.

· If you engaged in plagiarism, you will get ZERO marks in the assignment or course.

Q1. How can managers make higher-quality decisions? Give an example of decision made by one company and discuss how the mangers will make high quality decision? (3 Points)

Q2. Give a numerical example of cost function and analyze this cost function? Discuss how is this cost function used in decision making? (3 Points)

Q3. Find a numerical example of cost-volume-profit (CVP) analysis, and analyze how CVP analysis is used for decision making? (4 Points)

The post The Role of Accounting Information in Management Decision Making appeared first on graduatepaperhelp.

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Cost Accounting

/in /by

Cost Accounting

Week 2: The Role of Accounting Information in Management Decision Making

Week 3: The Cost Function

Week 4: Cost – Volume – Profit Analysis

Instructions:

· Students must include these details (Name, Student ID, CRN, Date of submission)

· Do NOT remove the questions in the answer papers. But write your answers below each question.

· Answer the ALL questions.

· Assignments should be submitted in MS Word format

· Font should be Times New Roman with 14 points.

· You are required to work in this assignment individually.

· You should submit the assignment via the Blackboard.

· Students who submit assignments after deadline, will get ZERO.

· If you engaged in plagiarism, you will get ZERO marks in the assignment or course.

Q1. How can managers make higher-quality decisions? Give an example of decision made by one company and discuss how the mangers will make high quality decision? (3 Points)

Q2. Give a numerical example of cost function and analyze this cost function? Discuss how is this cost function used in decision making? (3 Points)

Q3. Find a numerical example of cost-volume-profit (CVP) analysis, and analyze how CVP analysis is used for decision making? (4 Points)

The post Cost Accounting appeared first on graduatepaperhelp.

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

M3 task 1 Discussion

/in /by

M3 task 1 Discussion

Assignment 1: Discussion—General Electric

Sustained profits come from building a competitive advantage. This advantage can be accomplished not only through good financial return on a specific process but also through the correct capacity decisions that must be integrated into the organization’s mission and strategy.

Jack Welch, former CEO of General Electric (GE), understood this better than anyone else. Although GE was a profitable and respected company when Welch took over, its financial results during the1970s were troubling to both its investors and senior management. Welch immediately made changes to the company’s structure and management practices. From the beginning, he stressed the importance of being one of the top players in the industry. He told his colleagues that GE should always be number one or number two in all its businesses; if it was not, then their only options would be to fix, sell, or shut down.

Because of this strategic direction, GE today usually dominates the markets in which it participates; and if it does not, then it divests. A major part of GE’s strategy is to be the first or second in every market. As you review the module readings for this week, consider the complexity of GE’s products and its emphasis on vertical integration and capacity planning.

GE’s Profile

The General Electric Company, or GE, is a diversified company that offers

infostructure, media and finance products and services. The company was

originally founded by electrical innovator Thomas Edison. It is also listed as one

of the most admired companies, ranking as number one in electronics and 16th

overall according to Fortune Magazine. For the company’s innovation focus, it was ranked as one of the world’s most innovative companies by Business Week.

GE’s Reach

The General Electric Company is organized into 5 divisions including

“’NBC Universal”, “Technology Infrastructure”, “Consumer & Industrial”, “Energy

Infrastructure” and “Capital Finance”. The company functions in over 100

countries and has over 300,000 employees. For 2009, the company achieved

$11.2 billion in earnings and an industrial cash flow of $16.6 billion. Effective

January 1, 2011, it reorganized the Technology Infrastructure segment into three

segments: Aviation, Healthcare and Transportation.

Services

Chemicals, Petrochemicals, and Fertilizers

Food & Beverage

Government & Public Administration

Metals and Metals Fabrication

Mining (Coal, Minerals, Metals)

Oil & Gas Upstream

Power Generation

GE. (2013). The History of General Electric. Retrieved from http://www.ge.com/about-us/history/1878-1904.

GE. (2013). GE fact sheet. Retrieved from http://www.ge.com/pdf/news/GE-Fact-Sheet.pdf

Using the information above, the module readings, Argosy University online library resources, and the Internet, respond to the following:

How does GE’s framework give it the opportunity to be at the forefront of the markets in which it participates?

Examine your own firm or a firm you would like to work for in the light of GE’s framework and respond to the following:

Does this firm have the means to execute like GE?

Which type of resources would the firm require?

How could GE’s lessons be applied to this firm?

By the due date assigned, post your response to the appropriate Discussion Area. Through the end of the module, review and comment on at least two peers’ responses related to their firm of choice.

Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation

Do the following when responding to your peers:

Read your peers’ answers.

Provide substantive comments by

contributing new, relevant information from course readings, Web sites, or other sources;

building on the remarks or questions of others; or

sharing practical examples of key concepts from your professional or personal experiences

Respond to feedback on your posting and provide feedback to other students on their ideas.

Make sure your writing

is clear, concise, and organized;

demonstrates ethical scholarship in accurate representation and attribution of sources; and

displays accurate spelling, grammar, and punctuation.

Grading Criteria

Maximum Points

Quality of initial posting, including fulfillment of assignment instructions

16

Quality of responses to classmates

12

Frequency of responses to classmates

4

Reference to supporting readings and other materials

4

Language and grammar

4

Total:

40

The post M3 task 1 Discussion appeared first on graduatepaperhelp.

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"