Investment Decision Analysis   scenario for Duncombe Village Golf Course

Investment Decision Analysis   scenario for Duncombe Village Golf Course

Investment Decision Analysis   scenario for Duncombe Village Golf Course   Table 1.1 Excel table showing the NPV and IRR   The net present value expected from the investment amounts to $161,816.27. The net present value gives the projected difference in present value of cash inflows, and the expected present value of cash outflows (Maher, Stickney, & Weil, 2012). If the figure of the net present value obtained is positive, then this is an indication that projected earnings associated with a project exceed the projected costs of the same. The net present value concept dictates that firms should only invest in those projects that give positive net present values. From the analysis, Duncombe Village Course should purchase the new equipment since there will be positive returns from the investment. From the analysis, it is possible to determine the profitability index. The profitability index of the investment can be obtained by dividing the obtained figure of the present value of inflows by the initial cost of...
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Allocation of Costs analysis for Jump Hospital

Allocation of Costs analysis for Jump Hospital

Allocation of Costs analysis for Jump Hospital PUBLIC ADMINISTRATION PAPER According to Isai, V. et al. (2014), cost allocation refers to the assignment of a shared cost to numerous cost objects. The cost allocation or spreading the cost can range from departmental rates to plant-wide rates, from machine hours to direct labor hours. Lastly, the allocation of costs can use activity based costing as a method of spreading the costs. According to Finkler, S. A. et al. (2013), The Activity Based Approach (ABC) allocates manufacturing overheads in a more logical manner compared to the traditional approach. The main objective of the cost allocation is to assign the costs based on the root causes of the mutual costs instead of simply disseminating the costs. Jump Hospital presently apportions all maintenance department costs on the basis of departmental square feet.  However, there is a suggestion by the manager of the pharmacy department to use the ABC approach for the apportionment of the maintenance department costs...
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Public financial Management-Research paper

Public financial Management-Research paper

Public financial Management Public officials play a critical role in budget allocations. The main aim of a public official is to allocate available funds in a manner such that the general public receives the greatest benefits from the application of the funds. The public sector must ensure that scarce resources are allocated in a manner that optimizes their usefulness. It is imperative for public officials to take into consideration the preferences of the local citizens while making budget allocation decisions. In order for growth to be achieved at the local city levels, fiscal resources must be managed in a prudent manner so as to support market-led growth. Budget allocation plans should satisfy three key elements: responsiveness, responsibility, and accountability. Responsiveness of budgets relates to the level in which the allocation of budgets matches the publics’ expectations. Responsibility is achieved when budget allocation is conducted in an efficient and equitable manner, with minimal risks being involved. Accountability relates to the level in...
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Financial Analysis for Major Medical Center Case Study

Financial Analysis for Major Medical Center Case Study

Financial Analysis for Major Medical Center Case Study Public Financial Management Introduction The paper examines the auditor’s opinion letter for Major Medical Center and Hospital Support, Inc. The report of the independent auditors seeks to instill confident on the various stakeholders. This paper also analyzes the financial statements and review notes and any concerns. Lastly, the paper will evaluate the financial statement of Major Medical Center and Hospital Support, Inc. Auditor’s Opinion Letter Auditing is an independent examination that is used to test the precision and completeness of information presented in a firm’s financial statement. The test enables the independent auditor or Certified Public Accountant (CPA) to give an opinion. According to Finkler, Steven A. et al. (2012), the opinion should check on whether the corporation financial statements denote its true pecuniary position and whether it has complied with the Generally Accepted Accounting Principles. The aim of auditing is to ensure that it offers an assurance to stakeholders on the true and fair view of...
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FIFO and LIFO -Public Financial Management

FIFO and LIFO -Public Financial Management

Introduction FIFO is an abbreviation of First In, First Out. It is an asset-management and assessment method that recommends using, disposing or selling of those assets that are acquired or produced first while retaining those bought last. It is can be used by a person or corporation. On the other hand, LIFO is an acronym of Last In, First Out (Finkler, S. A. et al. 2013). It is an asset-management and valuation technique that recommends using, disposing or selling of those assets that are acquired or produced last while retaining those bought first. It is can be used by a person or corporation. This paper examines the advantages and disadvantages of FIFO and LIFO inventory methods and evaluates the best inventory method for this scenario. Advantages of using FIFO for Inventory Management Reduce Outdated Inventory – the outdated inventory refers to the inventory that is obsolete and outdated. Thus, the inventory is not appropriate for sale or use in creation. Numerous businesses necessitate...
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Explain the meaning of the variances

Explain the meaning of the variances

Explain the meaning of the variances Introduction Variance is the dissimilarity between a planned, budgeted, or standard cost and the definite amount incurred. The computed variance can stand for both revenue and costs. The variance aid the company in comparing their planned and the actual outcomes and the effect of the two on the performance of the firm. Further, the variance can result to either favorable or adverse variance. A favorable variance is attained when the actual performance is enhanced than projected results. An adverse/unfavorable variance occurs when the actual results are worse than the estimated results. This paper will explain the meaning of price, volume, and mix variances. The paper will consider revenues and how things turn out for the group considering aspects such as profit. Price Variance It is the dissimilarity between the real price that is paid by an enterprise to acquire an item and its average price, the difference is multiplied by the number of units acquired. If the result...
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Case Study Mead Meals on Wheels-Operational Analysis

Case Study Mead Meals on Wheels-Operational Analysis

Case Study Mead Meals on Wheels Introduction The process of acquiring equipment by the Mead Meals on Wheels (MMWC) is a huge financial choice that can have an adverse effect in the operation of the company. The machine has a total cost of $ 700, 000 with a five years life span and the executive director. Therefore, there are key factors that the firm should consider before buying the machinery. The company should consider the finance, tax implications, growth plans and usage, time, and running costs. This paper will explore and present an endorsement backing the type of financial influence the development of facilities will have on MMWC. Finance MMWC may choose to purchase machinery or equipment to have its full ownership. However, the decision may affect their cash flows rendering the company incapable of performing other functions such as paying of employees. According to Finkler, Steven A. et al. (2013), the company can take a bank loan or enroll in an asset finance...
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Explain your Budget to the County Council-PPA602

Explain your Budget to the County Council-PPA602

Explain your Budget to the County Council PPA602 – Public Financial Management                Introduction Capital budgeting concerns the investment of funds with expectation that it generates extra remunerations or cash-flows in the future. It entails the maximization of the limited incomes to the best investment prospect that is accessible. Further, the investments of current funds focus on long-term assets. Examples of capital budgeting decisions include acquisition of another enterprise, expansion of prevailing business, replacement and transformation of assets, research and expansion programs, and the purchase of novel long-term assets. In this case, the capital budget includes acquisition of two garbage trucks, a bulldozer, three new lawn mowers, and building an activity center. Steps and Processes in Capital budgeting The venture will start with an idea that develops to reality. Secondly, River County should develop the ideas from the top management but should consider the notions of the lower management (Mielcarz, P. et al. 2014). Thirdly, the experts should appraise...
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Cardigan History- Business Memo

Cardigan History- Business Memo

Cardigan History Date: To: From: [Your Name] Re: Business Formation of Potential Cardigan Home Store There are a number of forms of business units that one can start operating their business. Some business organizations can be formed by one person, a group of people or even by the government .They have various features as well as advantages and disadvantages. This paper shall discuss the sole proprietorship, partnership and corporations form of business units. The sole proprietorship is a business enterprise owned by one person who is referred to as a sole proprietor .They are the most common forms of business units. This is due to the fact that they are easy to start and the owner enjoys profits alone. However, the sole proprietor suffers the losses alone (Kelly, 2012). Its advantages are; it is easier to form since there are fewer legal formalities required to start up the business. The sole proprietor is not required to submit business tax report which saves them from additional costs on...
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Global Operations Management/MGMT415

Global Operations Management/MGMT415

Global Operations Management/MGMT415      Apple Inc. is a multinational company that concentrates operations in the manufacture of a variety of technology products. The company is headquartered in California, U.S.A. Its product line can be divided in three major categories namely consumer electronics, online services and software applications. The hardware segment includes products such as personal computers, smartphones, smartwatch, iPods, and tablets. In the software segment, the company prides has developed iOS operating systems, OS X, iTunes media software, iLife, and among others. Apple Inc. delivers a number of online services such as iTunes Store, App Store, iCloud, Mac App Store, and among others. Apple has the largest revenue base compared with other information technology companies worldwide. It is also the largest in terms of the assets held. The company delivers its products and services worldwide, making it suitable for evaluation in this study. Components of Apple’s supply chain             Apple Inc. has one of the best supply chain strategies which has earned...
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