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Analyzing Financial Statements For Planning And Cost

MUST BE 800-1100 WORDS MIN AND CITED.

You have recently hired a new assistant, Susan Thompson, who previously worked in a financial accounting office preparing journal entries, which provide you with a recording of the day-to-day activities of the company and financial statements (income statement, statement of owners’ equity balance sheet, and cash flow statement). Although your new assistant has experience with and fully understands financial accounting, she has no experience with managerial accounting.

Part 1

In a memo to your new assistant, Susan Thompson, complete the following:

  • Explain to her the similarities and differences between financial and managerial accounting.
  • Provide examples of managerial accounting reports that she could expect to see within EEC, and explain how management might use the information to make decisions.
    • Keep in mind that although the income statement, the statement of owners’ equity balance sheet, and the cash flow statement are generated in financial accounting, they are used to develop all of your managerial accounting reports.
    • Examples of a few of those reports are the horizontal analyzes, vertical analyzes, and ratios.

Part 2

In a memo to the board of directors, discuss the information found in each of the following financial statements, and describe how accounting information is used by managers for planning and control:

  • Balance sheet
  • Income statement
  • Statement of cash flows
  • Statement of stockholders’ equity

GREAT REFERENCE TO USE WITH MUCH INFORMATION!

https://class.ctuonline.edu/_layouts/MUSEViewer/MUSE.aspx?mid=1552799

Suppose a consumer has a utility function defined by U = X1/2Y1/2 (MRS = Y/X) and she has an income of $312. Suppose this individual faces the…

Suppose a consumer has a utility function defined by U = X1/2Y1/2 (MRS = Y/X) and she has an income of $312. Suppose this individual faces the following prices, PX = 13 and PY = 12. If the price of good Y goes up to PʹY = 13, while everything else remains the same, find the value of this consumer’s equivalent variation (EV). 

present an economic review of the country assigned to your groupand compare its macroeconomic data(r

present an economic review of the country assigned to your groupand compare its macroeconomic data(r

present an economic review of the country Venezuela and compare its
macroeconomic data(real GDP per capita and its growth rate, inflation
rates and unemployment rates)with of the United States. The group
presentation should be brief (5 to 10 minutes long) and it should
address the following:1.For this question, you will use
https://fred.stlouisfed.org/to obtain data for your group’s country and
the United States and compare real GDP per capita of thetwo
countries.a.So far, we have learned that we use purchasing power parity
conversion to compare income per capita of different countries. In this
part, pleasegraph Purchasing Power Parity Converted GDP Per Capita for
United States and your group’sassignedcountryon the sameconstant
scalegraphby using Fred’s graphing toolstartingfrom 1960 until 2010.
(Data ID’s are given in the parenthesis for your conveniencefor each
country.Note that you will only use data from twocountries: the assigned
country and the United States.)Purchasing Power Parity Converted GDP
Per Capita (Chain Series) for Venezuela (RGDPCHVEA625NUPN)b.Briefly
describeand interprethow real income per capita of the countryare
compared to the United States. How does itchange over time? What are the
differences and similarities you see between these two countries?Does
it seems like it is catching up or passing the United States?c.Now,
graph the same data series from part a on the same proportional (log)
scale graph. (You can do this by clicking “Edit Graph”, then “Format”.
Under “Format”tab, you have toput a checkmark by clicking where it says
“Log Scale: Left”.)d.Briefly describe and interpret the log scale
graph you draw at part c. Howdoes income per capita for thecountry
change over timecompared to the United States? What does the slope of
each line show? Does it seems like it is catching up or passing
theUnited States? Which country is growing faster?e.Interpret the
differences you see in these two graphs.2.What is the inflation ratein
recent years? How do they compare to the United States?3.What are the
unemployment rates in recent years? How do they compare to the United
States?4.Whatare the mainfactorscontributing to the economic growth (or
lack of) in this country? What are the strengths and challenges of this
country’seconomic performance? 5.Please provide references under each
graph or table in the presentation slides. In addition,provide a list of
referencesusedat the last slide of your presentation.Note:For Questions
2-4, you can obtain country specific data from the following
websites:https://data.oecd.org/https://fred.stlouisfed.org/https://data.worldbank.org/https://ourworldindata.org/You
shouldn’t limit yourself with these data sources. These are to give you
a starting point. If these websites do not have the data you are
looking for, you can try to obtain data from the country’s statistics
agency as well. put the chart in powerpoint and clearly match and order
key points in paper to graphs and power points

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21st-century skills and cross-cultural skills your peers identified with the ones you described

 Guided Response: Respond to two of your classmates’ posts. In your responses, compare the 21st-century skills and cross-cultural skills your peers identified with the ones you described. You are encouraged to ask questions about their posts. Questions might include requests for clarification on points made or for elaboration on an area of their post. Though two replies is the basic expectation for this discussion, for deeper engagement and learning, you are encouraged to provide responses to any comments or questions others have given to you. This will further the conversation and provide you with opportunities to demonstrate your content expertise, critical thinking, and real world experiences with this topic.

 

 

Laura Powell

You know it is amazing when human’s start to see the beauty around them and when you can find beauty in unfortunate circumstances. You create art and with love, pain, and sadness you can create and invent some miracles. That is exactly what these kids did and feeling inspired by their peers, they created a beautiful mess of love and creativity. Maestro and Mr. Gomez showed these kids how to take bad conditions and turn it into ammunition and drive to live with meaning or purpose. Maestro and Mr. Gomez knew this was their calling for these kids. More so, they allowed their souls to take them on an adventure of knowledge, stimulation, and innovation. 

4Cs

With guidance and help from Maestro and Mr. Gomez these children were able to learn the 4c’s of communication by communicating with each other, communication through music and expressing the feelings through music. They learned collaboration by working together and playing together. Working together by building their instruments. Learning the structure of music how to read music, and how to blend to be in harmony together. Almost like they built a family of music by creating these instruments out of trash. By brainstorming they were able to build these instruments together to keep them off the streets and away from the street life. So, they gained the benefit of critical thinking and problem solving by learning how to build cellos and Violins from trash. That experience they were able to reach many levels of creativity. Music is a worm hole into your imagination and these poor kids who were inspired and come from nothing, but turned a little bit of themselves into something and manifested everything their hearts desired. I mean Maestro and Mr. Gomez each played a huge part in saving these kids life’s and reminding them how special they truly are. They reminded them they deserved knowledge and education rather than material and cell phones just like any other young kid

Cultural competencies

The children were born and lived on a landfill Mr. Gomez was able to initiate the benefits of using this material and inspiring the children to create music out of the garbage that they were surrounded by. Therefore, this drew up critical thought of their perception to see deeper into their reality and view the beauty and art of their conditions of darkness in order to be the light in their world. 

Social factors and Attitudes

Like I had previous worded in the first paragraph these children created a whole-ness to themselves by the bond of the teachers and each other to manifest a family of music. The attitudes were very positive in the aspect that music is what they needed in their life because before they had no direction or little hope to accomplish anything. Culturally this project was nothing but relevant due to the fact these kids found what was worthy to them in their world and created beautiful music out of unfortunate circumstances of their living conditions. Like the little lady said, that she could express her emotions with her music and all the world was witnessing from these children was their souls smiling in the darkness and that turned on a little light on for the world to see and connect with.

Thank you

 

Melesha Cotton

The Learning and Innovation 4Cs I perceived the students learned and applied as a result of participating in the Landfill Harmonic project are Critical thinking and Problem Solving and Creativity and Innovation. Critical thinking and problem solving play a huge role in the kids developing the orchestra to what it is today. Partners for 21st Century Learning (2017) define one aspect of critical thinking as being able to “Solve different kinds of non-familiar problems in both conventional and innovative ways”.  Maria states, “There were five violins but only fifty of us”(3:09). With the help of a man that picked garbage, they were able to surpass this difficulty and provide instruments for all of the students. Solving the problem of supply was just the tip of the iceberg for the students. They learned and applied creativity and innovation while crafting the garbage into instruments. Based on an interview with Fazio Moran, “they refine them to a level in which these instruments constantly sound good (6:45). It is clear they have used their creativity and ingenuity to develop a particular craftsman ship that in turn also activated their problem-solving skills to achieve such a task. Those skills demonstrate being able to, “Act on creative ideas to make a tangible and useful contribution to the field in which the innovation will occur” (p21.org).

The students also applied and learned Life and Career skills as well. Fazio Moran said, “These people struggle everyday” (3:54). Faced with those struggles the students were able to find new meaning in life through the music. These students were able to “Set and meet goals, even in the face of obstacles and competing pressure” (p21.org).  We can see this when we hear the students talk about how learning to play their instruments as changed how they view life. Juan (Liqui) said, “Now I feel the need to work.”(7:58). Another student expressed her thoughts on the new love she had for her instrument by saying,” I found the meaning of life” (7:20). Despite the challenges they faced outside of their music, they used the music as a tool to persever.

The competencies I perceived were demonstrated by the students in the Landfill Harmonic project are having a positive attitude and open-mindedness toward cultural differences and the ability to work successfully with others from different cultures. I believe the kids needed to understand some aspects of the meaning of the music they were playing in order to have the emotional and psychological effect if had on the students. The students saw the music as a positive way to view life and thus this compelled them to want to continue to play.

To start and sustain a program like this the people who needed it the most would have to have support from the wealthy, government, and community. Socially, the students would have to show why programs like the orchestra are helpful for community development and improvement.  the relationship between the government and the poor would have to garner trust. One of the initial problems with gaining help for the orchestra was trust amongst the people of the community it was target towards.  I also believe moving beyond personal cultural context and looking beyond social class based on material things well help bring in more supporters. Communication and collaboration will definitely be important in fostering help.

References:

Framework for 21st century learning. (2007). Retrieved from http://www.p21.org/our-work/p21-framework

Landfill Harmonic. (2012, December 29). Landfill harmonic amazing and inspirational. Retrieved from https://www.youtube.com/watch?v=sJxxdQox7n0

Economic Questions

26.  Human-caused (anthropogenic) emissions of Carbon Dioxide are only about 3 percent of total carbon dioxide emissions each year.  Oceans are the biggest emitters.  Why is so much attention directed at anthropogenic emissions of carbon dioxide?

27.  Why are foreign producers of products, like ethanol (which can be produced more cheaply in Brazil), so often the subject of special taxes such as the import tax on ethanol?

28.  How do deposits on bottles and cans affect the incentives of individuals to recycle these products? 

30.  During the late 1980s and early 1990s, American automobile manufacturers greatly increased the quality of cars they produced relative to the cars produced in other nations.  What effect do you think this had on American imports of Japanese cars, Japanese imports of American cars and American exports of goods and services other than automobiles?

30-31.  Who gains and who loses from import restrictions? Make sure to mention all workers, import-competing industries, consumers and exporting industries.)

31.  When you go shopping for a new computer, is your real objective to “import” a computer into your apartment or is it to “export” cash from your wallet?  What does this tell you about the true object of international trade – is it exports or imports?

Discussion 3

In your initial posting describe how the health insurance market has been inefficient historically and how they can be efficient when coverage is lacking. Include in your posting information on alternative measures of equity. How will health care reform address these inefficiencies?

Your initial posting should contain at least 300 words with a reference list.  Support your answer through research. Sources should be documented in APA.  NO Plagarism please.

In the News articles below, it is implied that the large increase in Apple’s revenue and profit in 2017 has been associated with a deliberate price

In the News articles below, it is implied that the large increase in Apple’s revenue and profit in 2017 has been associated with a deliberate price increase. How can you explain this association?

A few weeks ago the editor in chief of a regional newspaper offered you the opportunity to write weekly columns on economic issues for Saturday editions. Since then you have been actively analysing different aspects of the economic impacts of different events using your knowledge in Economics. As a Bachelor of Business degree graduate you are particularly interested in the concept of price elasticity of demand and supply, you also know that the price elasticity is an important element of market structures (i.e. buyers in different markets have different price elasticities of demand). Last Saturday you published a column about power of markets. In your column “Market Structure and the Firm Behaviour” you discussed the differences and similarities between perfect competition and monopoly markets and provided an example for each type of market structures. In your column you also indicated that price elasticity is a way of looking at sensitivity of price related to product demand. A few days after publication of your column you received an email from the secretary of the Economic Society of Australia – QLD branch congratulating you on your last influential article, inviting you to be a keynote speaker in the near future event called Young Economist Speaker, a conference to be held in Brisbane. You are quite excited about this opportunity and accept the invitation. You find out that the Young Economist Speaker series this year focuses on Price Policies for New Products. The conference secretariat informs you that the organisers in particular are interested to focus on the multinational technology company, Apple Inc. as an example of a product-driven company with significant global presence. To make discussions more narrowly focused the conference secretariat sends you a few News articles as background information.

Why is it important to have a good understanding of environmental legislation that affects your business or the industry within which you work?

Why is it important to have a good understanding of environmental legislation that affects your business or the industry within which you work?

Could this be so the business knows what they need to observe, plan and take action on. I am unsure of what else.

And

What relevant legislation could impact an organisation’s operations and it environmental interaction? List the various Acts, Guidelines, standards or approaches that you could be required to know and comply with and explain the interaction between them and an organisation’s operation. (Legislations relevant to Australia, SA.

I have researched and was unsure as to what legislations are relevant.