Managerial Accounting Practices Essay Example | Topics and Well Written Essays - 750 words

Managerial Accounting Practices - Essay Example Claire’s Antiques may have to sell its products at a discount or even at a loss to liquidate its inventory. To reduce inventory costs, management is considering implementing a "Just In Time" inventory management system. If this JIT inventory strategy gets implemented then Claire’s Antiques would see a good improvement on the return on investment as there would be a reduction in the in-process inventory and its associated costs. It is essential to implement it correctly and utilize it optimally because if there is any disruption at any given point in the supply chain, then all production grinds to a halt. The internal specifications presented in this report are sufficiently logical and enable good economic decision making. For example, specific reporting periods may be replaced with access to real-time data that enable quick response to changing conditions. And, forecasted outcomes become much more critical for planning purposes. Likewise, cost information should be disseminated in such a way that we can focus on different manufacturing processes such as design, material acquisition, assembly, testing and so on. -> Cost/Volume/Profit Analysis: Claire’s Antiques deals with multiple products, and thus offers a diverse product line, and the individual products have different selling prices, contribution margins and contribution margin ratios. As such in Claire’s Antiques case, the bedroom suites have a higher profit margin when compared to other products, but at the same time it also has a lower sales volume. ... contribution margins and contribution margin ratios. As such in Claire's Antiques case, the bedroom suites have a higher profit margin when compared to other products, but at the same time it also has a lower sales volume. Yet the firm's total fixed cost picture would be the same, no matter the mix of products sold. There are few assumptions which could be considered here : Costs can be segregated into fixed and variable portions The linearity of costs is preserved over a relevant range (i.e., variable cost is constant per unit, and fixed cost is constant in total) Revenues are constant per unit and multiple-product firms meet the expected product mix ratios One additional assumption is that inventory levels are fairly constant, with the number of units produced equaling the number of units sold. If inventory levels fluctuate, some of the variable and fixed product costs may flow into or out of inventory, with a variety of potential impacts on profitability -> Job Costing: Determining the cost data for products and services are the end results of productive processes. Multiple processes are required to bring about a deliverable output. A logical starting point for job costing is to track the direct labor to specific jobs. It is required to capture the time spent on each job by each employee on a tracker .This would allow cost assignment to specific jobs. The next important thing would be to keep a detailed record of the materials released to each job. As such, in the case of manufacturing a clock, the materials used is solid oak wood, glass door, clock mechanism and pendulum. The information gathered provides essential documentation to safeguard and track

Others Assignment Example | Topics and Well Written Essays - 500 words - 1

Others - Assignment Example From the evidence given in the case scenario, Jill had taken all the necessary means to ensure that everyone in the neighborhood was safe. This means that he had fulfilled his obligations of duty of care. It is evident that he had anticipated the threat posed by the animals, and therefore taken proactive measures. It is also clear that he was not responsible for the release of the animals in the neighborhood. A third party (protesters) went at night, and released all the animals, hence leading to the loss incurred by the neighbor. It was a surprise attack, meaning that he did not have much time to alert the authority. If he had also been given a permit to keep the animals within the neighborhood, then he should win the case. On the contrary, if the relevant authority had not been consulted, then he has a case to answer for putting the lives of citizens in danger. As it stands, though, he will win the case against his accuser. In the case of Frank and Shah, both individuals can be awarded remedies by the court as compensation for wrongs done. Shah will be found guilty of battery, owing to the fact that he made a physical contact with Frank. This is demonstrated by the broken nose and significant bruises. Shah failed to control his emotions, and instead chose to attack an unarmed individual, who also did not cause any threat to his life. He cannot argue that he was trying to defend himself from any attack. On the contrary, it was Frank who tried to protect himself. Even if he got very angry after being accused of shoplifting, he used excessive force, going to the point of causing physical injuries. Further, he should have reported the matter to the relevant authority, instead of taking attacking the accuser. For these reasons, it is possible that he will be found guilty of battery, and will be required to pay for damages. On the other hand, Frank has also a

Capstone Essay Example | Topics and Well Written Essays - 2000 words

Capstone - Essay Example The products offered by the company primarily include micro turbine units, components, subassemblies and different types of machineries associated with it. Other types of accessories offered by the company include rotary gas compressors having digital controls, and various heat recovery equipments for Combined Heat and Power (CHP) applications. The stocks of Capstone are traded in NASDAQ with the ticker symbol "CPST" (Capstone Turbine Corporation, 2012a). This study entails about the detailed analysis of the internal and external environmental factors associated with Capstone Turbine Corporation. Based on the internal strengths and weaknesses and external opportunities and threats experienced by the company some of the strategic recommendations have been provided in this study which could help it to compete effectively in the market and increase its profitability position. External Environmental Analysis The external environmental factors having an impact on the operational effective ness of Capstone have been analyzed in this section. The mission and vision of the company and its effectiveness on the overall success of the company have been analyzed. Porter’s Five Forces analysis tool has also been used to assess the impact of the various industrial factors affecting the company. Mission and Vision of the Company The mission and vision of the company is to become the leading producer of low emission micro turbine systems in the world (Capstone Turbine Corporation, 2012c). The primary stakeholders of the company include its employees, company management team, the suppliers, the consumers and the investors. The company has managed to utilize its available resources in an effective manner which is indicated through its increase in profitability in the recent years. Capstone management is committed towards the growth and expansion of the company. There has been a significant rise in the revenue generated by the company for the fiscal year 2012 as compared to the year 2011. There has been a consistent increase in revenue generation of the organization for the past 20 quarters. The growth strategies of Capstone are mainly designed to achieve profitability, increase cash flow generation and improve the gross margin of the company. The company is mainly focused on the reduction in costs through various energy efficient means. Porter’s Five Forces Analysis Porter’s five forces model helps an organization to assess the competitive forces which exists within the industry (Hill & Jones, 2012, p. 49). The forces which help out in the process are named as a) threat of new entrants, b) threat from the substitute products or services, c) bargaining power of the suppliers, d) bargaining power of the consumers and finally e) competition within the industry (Society for Human Resource Management (U.S.), 2006, p.38-39). The five industrial forces having an impact on the industrial equipment industry in which Capstone operates its busines s activities is described below: a. Buyer Power: The industrial equipment industry can be adjudged to be highly fragmented in nature because it consists of many segments and sub-segments. Significant number of large and medium sized

Community research Case Study Example | Topics and Well Written Essays - 250 words

Community research - Case Study Example Fourth, qualitative methods apply biased knowledge. This is good for nursing because this discipline is not confined to inflexible, definable variables. 2. Disdvantages I see in using qualitative methods in nursing study. A disadvantage of qualitative methods is poor consistency. Another disadvantage is difficulty comprehending its dynamics and aspects. As a result, the chances of subjectivity in qualitative nursing studies increase radically. 3. Advantages I see in using quantitative methods in nursing study. One advantage of quantitative methods in nursing research is function. The role of quantitative findings is to apply a precise strategy for gathering and reviewing any measured information (Frels & Onwuegbuzie, 2013). Second, quantitative methods increase precision in study findings. This is because quantitative methods are based on numbers. 4. Disadvantages I see in using quantitative methods in nursing study. One disadvantage of quantitative methods in nursing studies is time consumption. Quantitative methods involve arbitrary selection of samples, which takes up a lot of time. Second, nursing researchers may find quantitative methods hard to carry out particularly when similar kinds of information are gathered concurrently (Frels & Onwuegbuzie, 2013). Aitamaa, E., Leino-Kilpi, H., Puukka, P., & Suhonen, R. (2010). Ethical problems in nursing management: The role of codes of ethics.  Nursing Ethics,  17(4), 469-82. doi:http://dx.doi.org/10.1177/0969733010364896 Frels, R. K., & Onwuegbuzie, A. J. (2013). Administering quantitative instruments with qualitative interviews: A mixed research approach.  Journal of Counseling and Development: JCD,  91(2), 184-194. Retrieved from

Emergincy Practise Research Paper Example | Topics and Well Written Essays - 500 words

Emergincy Practise - Research Paper Example The following chart provides information regarding the total capacity of each of these hospitals: The total numbers of fire houses or stations within the region of Chicago are 100 Cityofchicago.org 1). The total numbers of fire trucks operating in the region are 60 (Cityofchicago.org 1). The total numbers of fire fighters that are working for the fire department of the city of Chicago are 4,500 and this figure was reported on Chicago Fire Department’s website that was last updated during the year of 2014 (Cityofchicago.org 1). The total numbers of ambulances that are operating in the region are 75 providing basic as well as advanced level ambulatory services (Cityofchicago.org 1). There are a total of 16 police stations located all over Chicago and the total number of police officers that were working for the Chicago Police Department 13, 857 individuals during the period of 2011 (Chicago Police Department

Community research Case Study Example | Topics and Well Written Essays - 250 words

Community research - Case Study Example Fourth, qualitative methods apply biased knowledge. This is good for nursing because this discipline is not confined to inflexible, definable variables. 2. Disdvantages I see in using qualitative methods in nursing study. A disadvantage of qualitative methods is poor consistency. Another disadvantage is difficulty comprehending its dynamics and aspects. As a result, the chances of subjectivity in qualitative nursing studies increase radically. 3. Advantages I see in using quantitative methods in nursing study. One advantage of quantitative methods in nursing research is function. The role of quantitative findings is to apply a precise strategy for gathering and reviewing any measured information (Frels & Onwuegbuzie, 2013). Second, quantitative methods increase precision in study findings. This is because quantitative methods are based on numbers. 4. Disadvantages I see in using quantitative methods in nursing study. One disadvantage of quantitative methods in nursing studies is time consumption. Quantitative methods involve arbitrary selection of samples, which takes up a lot of time. Second, nursing researchers may find quantitative methods hard to carry out particularly when similar kinds of information are gathered concurrently (Frels & Onwuegbuzie, 2013). Aitamaa, E., Leino-Kilpi, H., Puukka, P., & Suhonen, R. (2010). Ethical problems in nursing management: The role of codes of ethics.  Nursing Ethics,  17(4), 469-82. doi:http://dx.doi.org/10.1177/0969733010364896 Frels, R. K., & Onwuegbuzie, A. J. (2013). Administering quantitative instruments with qualitative interviews: A mixed research approach.  Journal of Counseling and Development: JCD,  91(2), 184-194. Retrieved from

Emerson and Transcendentalism Essay Example for Free

Emerson and Transcendentalism Essay Transcendentalism was a literary movement that began in the beginning of the 1800s and lasted up until the Civil War. Ralph Waldo Emerson was a man whose views on life and the universe were intriguing and influential. Emerson, along with other great men, helped to mold what Transcendentalism was and what it was to become. Without these men, Transcendentalism would not have been anything. Nor would these men have been anything without this concept. So what is Transcendentalism anyway and how have mens thoughts and outlooks been able make it what it is remembered as? Transcendentalism was prominent in the cultural life of the U. S. , especially in New England from 1836 to until just before the Civil War. The Revolutionary war had ended shortly before the time of Transcendentalism; therefore, Emerson had been influenced by its affects and had shared his thoughts about war in his writings. At the age of twelve, Emerson wrote Fair Peace and Triumph blooms on golden wings, and War no more pf all his victories sings (Way to Peace 2). He viewed war as being unnecessary and in his eyes, the soul has no enemies and rises above all conflicts. He thought soldiers to be ridiculous and war to Abhorrent to all reason (Way to Peace 2), and against human progress. Basically he was against all war and his views on war were apparent in his writings. Even though he thought that the Civil War was good because it was trying to stop the evils of slavery, he detested the lack of freedom during the war, and he vowed that if martial law came to Concord, that he would disobey it or move away. These events developed Transcendentalism though Emersons views and writings on war (Way to Peace 1-2). Transcendentalism in America centered in Concord and Boston. The philosophy came from many different beliefs and peoples thoughts and outlooks. Emerson was a huge person whose beliefs greatly influenced how transcendentalism evolved. Around the year 0f 1836, a discussion group was formed in New England called the Transcendental Club. It met at various members houses and it included Emerson, Bronson Alcott, Frederick Henry Hedge, W. E. Channing and W. H. Channing, Theodore Parker, Margaret Fuller, Elizabeth Peabody, George Ripley, Nathaniel Hawthorne, Henry Thoreau, and Jones Very. From 1840 to 1844, a quarterly newspaper printed their early essays, poems, and reviews (Abrams, 215-216). Emersons transcendentalism is an idealist philosophy that was derived from Kants concept of the Tran scendental. According to his understanding of Kant, transcendentalism becomes a union of solipsism under which the only verifiable reality is thought to be self. It also comes from materialism in which the only verifiable reality is thought to be quantifiable outside world of objects, and sense data. Through this fusion, transcendentalism was transported to America as a philosophy. Through his source of most of its poetry and mysticism, Emerson fostered the growth of transcendentalism of the New England variant. His ideas, which came from Kant, were taken from the German philosopher Immanuel Kant whose ideas of the universe and soul were very intriguing. He believed in transcendental knowledge but confined it to things such as time, space, quantity and casualty, which in his views were imposed by the perception of human minds. He regarded these aspects as the universal sense experience. Emerson, however, extended this concept of transcendental knowledge to include moral and other truths that go beyond the limits of the human sense experience, which Kant had specifically denied. Besides Kant, other intellectual predecessors of American Transcendentalism are very diverse and few, but include post-Kantian German Idealists, the English thinkers Samuel Taylor Coleridge and Thomas Carlyle (who were also exponents of German Idealism), Plato, Neoplatonists, the occult Swedish theologian Emmanuel Swedenborg, and some varieties of Oriental philosophies (Abrams 216). Basically, Transcendentalism was about promoting peace and developing the mind and soul. Also, it was about sharing your views on what was wrong with the world and how it could be fixed. William Ellery Channing was a forerunner of the Transcendentalists and preached against war and was active in the peace movement that began in 1815 when Noah Worcester founded the Massachusetts Peace Society, the first influential peace society in the world. Channing wrote about the miseries and crimes of war, their causes and some possible remedies. In addition to the suffering and destruction he points out that war corrupts the morals of society and gives the government dangerous powers. Channing preached in Boston from 1803 until his death and was praised by Emerson above all other ministers. The sources of war which Channing wrote of are the human propensity for excitement, the lust for power, admiration for warlike deeds, false patriotism, and the upbringing and education which glamorizes military exploits. He also sees the remedies as well as the causes to be of a moral nature. He believes we must honor our rulers and nations fro their justice, goodwill, and educational institutions not for their foreign conquests. He thought that we must also admire heroes for their conscience, human rights, and the ones who bring peace and freedom. He believed that the peace teachings of Christians ought to be emphasized. He warned that the attitude of rulers and nations of foreign states, which is usually partial and unjust, should show us that war is rarely just or unnecessary. He advised Christians to refuse war and if necessary, submit to prison or execution in an attempt for peace (Way to Peace 1-2). James Freeman Clarke once dubbed the transcendentalists the club of the likeminded; I suppose because no two of us think alike (American Literary Movements 1). But despite the disagreement among transcendentalists themselves, the overall movement shared similar philosophies. These philosophies rested on the Slockean concept of Idealism and Kants belief in intuition. In other words, transcendentalism opposed empiricism, which is gaining knowledge from experience. Physical world observations were only appearances of reflections of the spirit. One should learn of the spiritual world through reason alone, thus guiding them towards the ultimate goal, Absolute Truth (American Transcendentalism1 1). All of the Transcendentalists had more in common with what they reacted against rather than what they proposed. They were opposed to rigid rationalism; to the eighteenth-century empirical philosophy of the school of John Locke which derived all of its knowledge by sense impressions; by highly formalized religions, and especially the Calvinist orthodoxy of New England; and to the social conformity, materialism, and commercialism that they found increasingly prominent in American life. The counter-views that were affirmed by Transcendentalists, especially Emerson include confidence in the validity of knowledge which is tied in with feeling and intuition, and an ethics of individualism that stressed self trust, self-reliance, and self sufficiency (Abrams 216). Transcendentalism cannot be properly understood outside the context of Unitarianism, the dominant religion in Boston during the early nineteenth century. Unitarianism had developed during the late eighteenth century as a branch of the liberal wing of Christianity during the First Great Awakening of the 1740s. That awakening revolved around the questions of divine election and original sin, and it saw a brief period of revivalism. The Liberals tended to reject both the Orthodox belief in natural evil and the emotionalism of the revivalists. In a sort of incorporation of Enlightenment principles with American Christianity, they began to stress the value of intellectual reason as the path to divine wisdom. This is how transcendentalism began to emerge; the Liberalists began to make their own unique theological contribution in rejecting the doctrine of the divine trinity. Transcendentalism is a belief in a higher reality than that found in sense experience, or belief in a higher kind of knowledge than achieved by human reason. Transcendentalism revolves around the existence of absolute goodness, something beyond description and knowable, ultimately only through intuition. In its most specific usage; Transcendentalism refers to a literary and philosophical movement that developed in the United States. Emerson separated the universe into two categories, nature and soul. He sought to explain the interrelation of them. He called analogies mans key to these relations (American Transcendentalism2 1-2). The term Transcendentalism became applied almost exclusively to doctrines of metaphysical idealism. Transcendentalism opposed the strict ritualism and rigid theology of established religious institutions. Transcendentalist writers expressed semi-religious feelings toward nature, as well as the creative process believing that divinity permeated all objects. Intuition rather than reason, were regarded as the highest human faculty. It was believed in order to comprehend the divine, God, and the universe one must transcend or go beyond the physical and emotional description of normal human thought. That you must go to the level of the soul and once there it is believed that all people have access to divine inspiration and sought and loved freedom and knowledge and truth (American Transcendentalism2 3-5) The Transcendentalist adopts the whole connection of spiritual doctrine. He believes in miracle, in the perpetual openness of the human mind to new influx of light and power; he believes in inspiration and in ecstasy. He wishes that the spiritual principle should be suffered to demonstrate itself to the end, in all possible applications to the state of man, without the admission of anything unspiritual; that is, anything positive, dogmatic, personal. Thus, the spiritual measure of inspiration is the depth of the thought, and never, who said it? And so he resists all attempts to palm other rules and measures on the spirit than its own (American Transcendentalism2 6-7). ? Transcendentalism was a literary movement on the mid 1800s in which Ralph Waldo Emerson took a great part. He contributed many fabulous ideas into the philosophy and influenced many people to put some remarkable ideas and writings in to Transcendentalism. He was the source of most of its poetry and mysticism, and fostered growth of the New England variant. Ralph Waldo Emerson, the son of a Unitarian Minister, was born on May 25, in Boston, Massachusetts. In 1821, he graduated from Harvard College. He got married in 1829, but his wife died less than a year and a half later. At this time in his life, Emerson doubted his beliefs and profession as a minister. He decided to resign, stating that it was because of the Eucharist (Biography of Emerson 1-2). In 1832, he went to Europe where he met some noteworthy people such as Wordsworth, Coleridge, and Carle. He began giving public lectures, and in 1836, he published Nature. He had become the sage of Concord and his literary colleagues became known as the Transcendental Club. Ralph Waldo Emerson believed in order to comprehend the divine, God, and the universe, one must transcend or go beyond the physical and emotional descriptions of normal human thought (American Literary Movements 1). With these strong thoughts, Emerson became the leader of many philosophers and writers termed transcendentalists. He ignited a literary movement influencing Herman Melville, Nathaniel Hawthorne, and Henry David Thoreau (American Literary Movements 2). Emerson had many great writings, which influenced many and shared his thoughts with the world. His great thinking influenced many and made people realize that peace is important to a high society. Some of his thoughts include: A peaceful nation is protected by its spiritual power, because everyone is its friend. In individual cases it is extremely rare that a person of peace ever attracts violence. Courage must be transferred from war to the cause of peace; cowards can attain nothing great. The search for the sublime laws of morals and the sources of hope and trust, in man, and not in books, in the present, and not the past, and hopes that these will bring war to an end. (The Way to Peace 3-4) Emerson was also a great writer. His first publication Nature showed his idea of Transcendentalism. He applied this type of thinking to most of his works. In 1841, his first volume of essays, including the majority of his most popular work such as Self-Reliance, Prudence, Heroism, and Art. In 1847 to 1848, he went back to England and lectured. He made a collaborative volume called Representative Men (1850). This collection is one of his best works and contains fantastic essays on famous philosophers and writers such as Plato. He once described war as An epidemic of insanity, breaking out here and there like cholera or influenza, infecting mens brains instead of their bowels (Way to Peace 2). Besides being a great speaker revolutionist and writer, Emerson was also a very recognizable poet. His last collection of poetry was called May Day and Other Pieces, written in 1867. After this, he stopped writing for duration of time. His mental capabilities went downhill, and a few years later wrote Society and Solitude (1870) and Parnassus (1874), both poetic works. Sadly, Ralph Waldo Emerson died in 1882, remembered as a great philosopher, writer, and a leader of mankind (Biography of Emerson 1-2). Transcendentalism was a great literary movement. In fact it was more than just a literary movement, it was a liberator of mankind. Without the influences of Transcendentalism, many of the great writers in American History would not have been as great, and there would be less hope for the future. The important issues that the Transcendentalists addressed were important for the people of that time to pay attention to, and end the corruption of war. Unfortunately, the transcendental movement, with its optimism about the indwelling divinity, self-sufficiency, and high potentialities of human nature, did not survive the crisis of the Civil War and its aftermath. The end of a great literary movement had arrived, but was the beginning of more to come (Abrams 217)? ? Emersons Concord home and a picture of him. Works Cited Page Abrams, M. H. A Glossary of Literary Terms. Fort Worth: Harcourt Brau Jovanovich College Publishers, 1985. American Literary Movements: Transcendentalism. Oct. 1999 (10/5/99). American Transcendentalism. (1). Oct. 1999 (10/6/99). American Transcendentalism. (2). May 2000 ~rlenat/amertran. html (5/29/00). Biography of Emerson. http:/members. xoom. com/_XMCM/RWEmerson/ whoisheohtm. The Way to Peace. Oct. 1999 (10/5/99).