Production And Perfect Competition - Market Activity Coursework

Production And Perfect Competition - Market Activity - Coursework Example 2: Losses to be incurred in Case B Fig. 3: Other Variances As can be observed with reference to the above illustrated calculations for both the cases A and B, the firm is projected to witness significant changes in terms of its losses incurred. Apparently, in both the cases, the firm will have to suffer huge losses. However, when comparing both the cases, i.e. when the TFC is $1,000,000 and when the TFC is increased to $3,000,000, the firm will have to suffer greater losses in Case B with the rise in its TFC. To be noted, with the TFC amounted to $1,000,000, the firm is projected to incur a loss of $400,000; whereas, with a TFC increment to $3,000,000, the firm will have to suffer a huge loss of $2,400,000. Considering the amount of calculated per unit and per work loss for the given cases, it can further be observed that the loss incurring risks will increase substantially if the firm decides to operate with a TFC of $3,000,000, which can further be deemed a unrecoverable without hu ge sums of additional investments. On the other hand, the losses incurred in case A can be deemed as recoverable for the firm, subjected to its strategic and managerial efficiencies (Schmitz Jr., 2005). Therefore, comparing and contrasting the changes in the cost variables which the firm might have to incur in both the cases A and B, it can be suggested that the firm should immediately shutdown when its TFC increases to $3,000,000, i.e. in case B. 2. For one of the cases, if the firm can operate at a loss in the short-run, how many employees need to be laid off in order for the company to break even? Break-even is commonly defined as the situation when the total revenue of a firm equals the total amount of costs incurred for a given quantity of output (Armstrong, 2006). In other words, when the firm will incur neither loss nor profit, it can be stated that the firm has reached its break-even. Considering the calculations in fig. 1 of the above section, it can be apparently observed that for case B, the firm will have to incur a huge loss of $2,400,000 and therefore should shutdown immediately. In contrast, when the TFC amounts to $1,000,000 in case A, the firm will have to incur a loss of $400,000. Hence, it can be affirmed that the company can operate at a loss in the short run when its TFC is $1,000,000 incurring lesser loss than that projected in case B. Furthermore, when the firm incurs $400,000 loss in case A, it shall have to lay off 5,000 employees, assuming all other variables to be fixed. To be specific, with the given daily wage rate of $80, the total wage for 45,000 workers (i.e. 50,000-5,000 workers) will amount to $400,000 which is again equivalent to the loss projected to be incurred by the firm with a TFC of $1,000,000. Therefore, by laying-off 5,000 employees, the firm will be able to reduce it variable cost by $400,000 and consequently, will not have to incur any loss. In such circumstance, the total cost to be incurred by the firm will be, TF C ($1,000,000) + TVC ($4,400,000 - $400,000) = $5,000,000; equivalent to the total output of the firm. Hence, it can be concluded that by laying-off 5,000 employees, the firm can reach its break-even when TFC equals to $1,000,000. 3. Given a Lower Number of Employees Now Working at The Company, What is the Change in Worker Productivity? In the above illustrated calculations, it was derived that

Audit Framework Case Study Example | Topics and Well Written Essays - 6500 words

Audit Framework - Case Study Example To do an audit, there must be information in a verifiable form and some standards (criteria) by which the auditor can evaluate the information. Information can and does take many forms. Auditors routinely perform audits of quantifiable information, including companies’ financial statements and individuals’ federal income tax returns. Auditors also perform audits lf more subjective information, such as the effectiveness of computer systems and the efficiency of manufacturing operations.This is a case study for auditing Southern Rock, a high street UK Bank, registered in Southampton. Here audit partner in the firm is â€Å"APMC Auditors† has provided some questions to answer. Answers of the given questions are answered as bellow respectively:  Answer to the question no-1:Concept of Going Concern: The â€Å"going concern† perception is one of the regulatory foundation stone of the financial accounting arena.   The spirit of going concern express that the Balance Sheet of a company must be an echo the weight of that company as if it would stay in existence for and beyond the predictable future. In other words, the going concern concept also states that the company would be file for bankruptcy within one year from the date of Balance Sheet. This paper would go to analyse the going concern concept and its vital focus to a rational observation of Southern Rock Plc. a Banking company as far as possible.   There are two major parties in the assessment of a company as a going concern,   they are the company’s management and its auditors.... Information can and does take many forms. Auditors routinely perform audits of quantifiable information, including companies' financial statements and individuals' federal income tax returns. Auditors also perform audits lf more subjective information, such as the effectiveness of computer systems and the efficiency of manufacturing operations. This is a case study for auditing Southern Rock, a high street UK Bank, registered in Southampton. Here audit partner in the firm is "APMC Auditors" has provided some questions to answer. Answers of the given questions are answered as bellow respectively: Answer to the question no-1: Concept of Going Concern: The "going concern" perception is one of the regulatory foundation stone of the financial accounting arena. The spirit of going concern express that the Balance Sheet of a company must be an echo the weight of that company as if it would stay in existence for and beyond the predictable future. In other words, the going concern concept also states that the company would be file for bankruptcy within one year from the date of Balance Sheet. This paper would go to analyse the going concern concept and its vital focus to a rational observation of Southern Rock Plc. a Banking company as far as possible. It would discover the Impact of Going Concern on Financial statement and Audit procedure to establish Going Concern in Banking Sector as well as the liquidation value of a company and its asset. Going concern assessment: There are two major parties in the assessment of a company as a going concern, they are the company's management and its auditors. In addition, the following factors may lead to a going concern reconsideration. The list

Animals In Captivity Essay Example for Free

Animals In Captivity Essay In 2008 at the Singapore Zoo, three white Bengal tigers attacked and mauled a zoo cleaner, Nordin bin Mondongto, to death after the man walked through a moat surrounding their enclosure. Researchers asked themselves what would be the cause of these vicious behaviors being reported from many zoos across the globe, the answer being the harsh environment zoo animals are surrounded by. Many people are not aware of the harsh treatment the animals endure. Zoos, circuses, and famous attractions like SeaWorld do not offer the best of circumstances for their animals. These uncomfortable conditions may be the cause of the hundreds of violent behaviors being reported by zoos around the world. Of course, most families enjoy taking a trip to the zoo because they offer a unique experience of encountering exotic animals. However, people need to realize that animals are living creatures that should not be forced into show, or held behind glass walls to be gawked at. The first point that this essay will address is the simple fact that zoo owners have propaganda in mind, and not preservation. â€Å"Zoos help save endangered species, by saving hurt animals and rehabilitating them,† is an excuse many zoo officials use. Zoos claim to want to protect species from extinction, which sounds like a noble goal, but zoo officials usually favor exotic or popular animals, rather than threatened or endangered local wildlife. The Chinese government, for example, â€Å"rents† pandas to zoos worldwide for fees of more than $1 million per year. It is questi onable whether the profits are being directed toward panda-conservation efforts at all. Also, because tigers are the most favorable â€Å"crowd pleasers,† recent studies prove that there are more tigers in captivity than those that exist in the wild. There are thought to be between 5,000 and 10,000 tigers in U.S. cages and 90% of them are in miserable roadside zoos, backyard breeder facilities, circus wagons and pet homes. Before long, the few tigers left in the wild will wither off, and the animals in captivity will not be able to be relocated and thrive in their what-once-was natural environment. Next, the reader should know that the animals that are said to be â€Å"in their natural habitat,† are in confined areas that are less than a tenth of the area they would naturally be in, and are restricted by many factors. Birds’ wings may be clipped so that they cannot fly, aquatic animals often go without adequate water, and many animals who naturally live in large herds or family groups are kept isolated. Animals are closely confined, lack privacy, an d have  little opportunity for mental stimulation or physical exercise. These abnormal conditions often result in abnormal and self-destructive behavior, known as â€Å"zoochosis.† An Oxford University study based on decades of observing animals in captivity and in the wild found that animals such as polar bears, lions, tigers, and cheetahs â€Å"show the most evidence of stress and/or psychological dysfunction in captivity† and concluded that â€Å"the keeping of naturally wide-ranging carnivores should be either fundamentally improved or phased out.† Last but not least, the reader should know that keeping animals in captivity is not the only danger posed at the zoo. Even when the animals are bred in captivity, generations later, exotic animals will retain all of their natural instincts. They cannot be considered â€Å"domesticated† or â€Å"tamed.† Every year, captive, exotic animals are involved in incidents in which humans are injured or even killed. In 2007, Tatiana, a Siberian tiger, escaped her substandard enclosure at the San Francisco Zoo and was shot to death after she killed one person and injured two others. This was not the only fatal incident occurring because of the animals being held in captivity. On February 26, 2010, a 12,000 lb. Orca whale called Tilikum mauled and killed his trainer Dawn Brancheau at SeaWorld during a performance. Also, in Colorado, on April 24, 2009, a volunteer was vigorously mauled by a tiger at â€Å"Big Cats of Serenity Springs.† The list of these aggressive outbreaks goes on and on. Researchers say that the awful conditions animals are unnatural and are the cause of animals expressing abnormal behaviors. Zoos may be fun for the family, but are definitely not fun for the animals. Taking animals out of their natural habitat, forcing them to live miserable lifestyles, and putting humans at risk is not worth a fun family trip to the zoo. Treating living creatures like they have no feelings is never okay and should be considered inhumane. Zoos need to be exposed as the pitiful prisons they are, and actions should be imposed to stop the animal abuse. Works Cited Captive Wildlife Crisis | WildAnimalSanctuary.org : Americas Premier Sanctuary For Large Carnivores. Captive Wildlife Crisis | WildAnimalSanctuary.org : Americas Premier Sanctuary For Large Carnivores. N.p., n.d. Web. 6 Apr. 2014. . Get The Facts:. Ten Fast Facts about Captive Exotic Animals. N.p., n.d. Web. 7 Apr. 2014. . News Facts. The Tiger Next Door. N.p., n.d. Web. 14 Apr. 2007. . Zoos: Pitiful Prisons. PETA. N.p., n.d. Web. 6 Apr. 2014. .

Purpose of the Wall Street Journal

Purpose of the Wall Street Journal Saiteja Naidu (MSIS)Â   The Wall Street Journal The Wall street journal main purpose is for the business groups and financial investors. It was initially started by Charles Dowand Edward Jones, owners of Dow, Jones and Company, started publishing the daily Wall street journal on 8 July 1889. Earlier newspaper was started in United states which was firstly concentrated on general news later it began to focus mainly on business news, fluctuation in prices of stocks, bonds and some classes of commodities (Wendt, p. 28).It was edited in newyork city for u.s.a and daily editions include parts of asia, europe. Bernard Kilgore got to be overseeing proofreader of the diary in 1945, seventeen years after the demise of Clarence Barron. Kilgore upgraded the paper, extending its scope to incorporate all parts of business, financial aspects, and shopper issues, including general news that affected business.The Wall Street Journal is possessed by media tycoon Rupert Murdoch, who bought the organization for $5 billion in 2007 through his organiz ation, News Corporation. The deal finished the 105-year-long responsibility for Wall Street Journal by the Bancroft family. Murdoch, one of the worlds most effective media mogul. The Wall Street Journal has since quite a while ago overwhelmed American business distributing and was the nations first national daily paper. The journal has its classic daily paper and in addition e-daily paper which is most prevalent now a days to exist its check in innovation world with live redesigns and its commonplace business share report is found in the consistently computerized news for financial specialists. It has a sort of obstructs that none can coordinate the measures of its factual report and fascinating political news with showing territorial release. Journal vision to create interest for business in the public and its preferences in newspaper: The Journal started a few indexes of value developments of stocks, including the Dow Jones Indexes. The upper left-hand segment secured general market and monetary developments. The second from left secured the points of interest of the days market developments. Whatever is left of the four-page paper was completely business situated, announcing general news with regards to its impact on the business sectors. At the point when the nation is creating in the meantime there is a quick increment in the speculation and development in the pay of a person which requested for the proposals and thoughts where to put, When to move into business and shares. The Journal Interests and objectives: Journal rose as the voice of political conservatism in American news coverage. Such an article point of view, when joined with wide national dispersion, gave solid course and promoting income development, achieving $2.3 billion in the year 2000 and benefits before exceptional things of $294.6 million. The Journal mainly focuses on the business with deep immense research and commonplace authors with their amazing words to draw in the readers. It shows eight Headers for e-newspaper comprises of Home, World, U.S,Ploitics,Economy,Business,Tech,Markets,Opinion,Arts,Life,Real Estate Again those blogs are subdivided into various blogs related to the stream. The most preferable thing about the journal is that an individual can subscribe for different versions of software. This journal had both print and digital with various prudent enrollment memberships. We can download in android and ios renditions to take after the business and general news in computerized path for brilliant utilize. There are corporate memberships for business speculators and business people particularly for business magazines. There is also student journal and professor journal to register and publish the paper. Even they can subscribe to the job activities and can enlarge their network for career wise advantages. At present the world blog comprise of brussels in real time, china in real time and India in real time. The opinion column is the most crucial aspect to respect the individual ideas in wall street. References Dealy, Francis X., Jr. The Power and the Money: Inside the Wall Street Journal. Secaucus, N.Y.: Carol Publishing Group, 1993. Rosenberg, Jerry M. Inside the Wall Street Journal: The History and the Power of Dow Jones and Company and Americas Most Influential Newspaper. New York: Macmillan, 1982. Wendt, Lloyd. The Wall Street Journal: The Story of Dow Jones and the Nations Business Newspaper.Chicago: Rand McNally, 1982. http://www.investopedia.com/ask/answers/111215/who-actually-owns-wall-street-journal.asp#ixzz4YydDnOQx. https://www.wsj.com/.

Recommendation Letter Essay examples -- Letter of Recommendation

As an upright Police officer and upholder of the law, I am of the opinion that above everything else, success demands hard work, grit and persistence to go into its making. It is this quality that I see uppermost in Ron Geis, a remarkable individual who has battled the odds to come as far as he has in life and I am of the conviction that he is marked for further success. From circumstances of adversity, Ron has single-handedly pursued his dreams. An excellent sportsman during his school years, I have been associated with him in taking forward his sporting career since then. However, it was not long before I realized that his interests did not lie in the field of sports and that he wished to pursue a mainstream academic career. Ron educated himself while simultaneously taking up em...

The Passion of Mountain Bikes :: Mountain Bikes Transportation Essays

The Passion of Mountain Bikes   Ã‚  Ã‚  Ã‚  Ã‚  It has been a decade in the making, but the mountain bike has become a passion for many people. Along with this passion it has also become the most environmental way to get from point A to B. It has gone through a very intense evolution process over the past decade.   Ã‚  Ã‚  Ã‚  Ã‚  It all started with some guys from California who took their bikes out for a ride on their day off, they modified their bikes and turned a hobby of theirs into a worldwide phenomenon. The mountain bike's rapid increase in popularity was influenced by social and economic situations, and by technological improvements that had the needs of bike riders in mind. The introduction of the mountain bike at a bike convention in Long Beach, California, early in the 1980's coincided with the need for a bike that combined technical superiority, ease of care, and multipurpose use.   Ã‚  Ã‚  Ã‚  Ã‚  Technological advances came extremely fast after it's introduction into the world. The advances have made riding mountain bikes easier, which makes it possible for the rider to explore new terrain. I hope that this report will be able to provide some information on the subject of mountain bikes and the advances in technology that the bike has gone through, and what might be in the future of the mountain bike.   Ã‚  Ã‚  Ã‚  Ã‚  The road bike has taken more than a hundred years to evolve into the frame that it is being used on todays bicycle. Because of the increasingly popularity of the mountain bike the demand for advances to be made have come very rapidly.   Ã‚  Ã‚  Ã‚  Ã‚  The evolution of the mountain bike has been a stormy one over the past decade. Within one decade the design has changed radically; this is due to three reasons. First , because geometry and design were copied from the first "Stone- Age bikes"; second, because off-road riding created different problems ; and third, because innovative frame design mirrored the "spirit of the times": young, new, dynamic, and strong. The off-road bike required extra stability. Frame   Ã‚  Ã‚  Ã‚  Ã‚  It is important to know the basic frame geometry and how to measure it. The combination of tube length and angle determines not only the maneuverability of the bike, but also determines the seating position and the transfer of power. Variances of 1 ° of the headset angle, or a 1' (2cm) difference in the distance between the rear-wheel axle and the center of the bottom bracket, can have very serious consequences. Frame Geometry   Ã‚  Ã‚  Ã‚  Ã‚  The basic elements of frame geometry are: A- Height of the seat tube; B- Length of the top tube; C- Seat-tube angle; D- Headset-tube angle; E- Trail, F-

Electronic Health Records

In this paper this student will discuss the national mandate of electronic health records (EHR), and how this mandate is being implemented at the Cleveland Clinic Foundation. Also discussed are how Cleveland Clinic is progressing to achieve EHR, and what challenges this brings to patient confidentiality and self-determination. Lastly this student will provide information on the benefits of EHR in healthcare. According to Gunter & Terry (2005), â€Å"The electronic health record (EHR) is an evolving concept defined as a longitudinal collection of electronic health information about individual patients and populations. Primarily, it will be a mechanism for integrating health care information currently collected in both paper and electronic medical records (EMR) for the purpose of improving quality of care†. (p. 1). Office of the National Coordinator for Health Information Technology (ONC), and the American Health Information Community (AHIC) were created to oversee the EHR mandate that was set in place by President George Bush in 2004 (Simborg, 2008, p. 127) This goal has now transitioned to our current President, Barack Obama, who also is setting the goal for the year 2014. Electronic health records are set to take place of traditional paper records with the help of this initiative. The ability to have every healthcare organization operating with electronic health records serves numerous benefits for not only patients but healthcare providers. Some of the benefits include, additional patient safety, ability to communicate and collaborate with other healthcare providers, and the longevity of electronic health records. Patient safety is at the utmost importance to healthcare providers, and EHR enables providers to have an in-depth history of their patients, leading to better care and treatment. Due to patients receiving care from many different health care providers, this can act as a barrier when trying to maintain a collaborative process. By adopting EHR this enables all providers to participate in the care of the patient. When discussing the longevity EHR serves in our society Tang, Ash, Bates, Overhage, & Sands (2006), states â€Å"The 2005 Hurricane Katrina disaster exposed the fragility of America's health information infrastructure. When confronted by a hurricane, an avian flu pandemic, or a bioterrorism attack, the public needs to be able to depend on reliable access to their health information† (p. 27). If healthcare corporations adopt EHR, there will be no threat of patient medical records disappearing. After stating the goals of EHR, and the benefits it serves, this student will now discuss how EHR is being utilized at the Cleveland Clinic Foundation. One could say that the Cleveland Clinic were innovators in EHR, being one of the first institutions to ado pt EHR more than eleven years ago. According to Cleveland Clinic (2012), EHR is â€Å"enabling physicians to actively collaborate and exchange information to ensure appropriate coordination of care throughout a patient’s life†. MyChart has also been a large milestone in development as part of Cleveland Clinics adoption of EHR. MyChart gives patients access to medical records, test results, and physician notes through a portal on the internet that can be accessed at home online. â€Å"MyChart, Cleveland Clinic’s secure, online patient-centered recording tool, connects patients to personalized health information at any time† (Cleveland Clinic, 2010). One benefit MyChart gives to patients is the ability for them to participate in decisions and their care. While analyzing Cleveland Clinics utilization and plans for EHR, this student was able to evaluate strengths and weaknesses. Some strengths of the Cleveland Clinics plans for EHR include their development and growth of the EHR system, the innovation developed into the current plan, and the ability to incorporate patients into their healthcare. Being that Cleveland Clinic was one of the first institutions to start the process of adopting EHR, they in return have the biggest ability to grow, and develop their system. Cleveland Clinic has shown such innovation in their process that other institutions have sought help from them for development of their own system. In an article by the Plain Dealer (Kleinerman, 2013) the chief information officer at Glens Falls Hospital, Joan McFaul stated â€Å"Our relationship with Cleveland Clinic will advance information technology best practices at GFH, and we will benefit by having access to a broad base of knowledge and the expertise of one of the country's premier health systems†. When Cleveland Clinic developed MyChart, this plays a role in the patient self-determination act, being that the patients constantly have the ability to be informed about their healthcare, and to take part in any decision making. A weakness of the EHR system in place at the Cleveland Clinic includes the risk of confidentiality. Even though the ability to access health records online has numerous benefits, the ability that such records could become hacked always poses a risk. The health records are protected by a username and password through the Cleveland Clinic website. With all of the technological advances it seems as though it is becoming easier and easier for unknown people to access personal information. This student believes that more precautions should be taken when a patient’s confidentiality is at risk. This student also believes more information should be needed to access health records online, instead of just a username and password that provides little security. After reviewing the EHR mandate, and the benefits it serves to healthcare institutions, this student believes that if more institutions adopted this system it would ultimately give better patient care. Also after further research into Cleveland Clinics development of EHR, this student feels the growth of this system in endless. While there are some flaws to this system, with time EHR at Cleveland Clinic could ultimately become one of the nation’s leaders that other institutions wish to learn from.