...wiL1084x_fm_i-xxiv_1.indd Page i 1/10/11 7:53:00 PM user-f499 /Users/user-f499/Desktop/Temp Work/Don't Delete Job/MHBR231:Wild:203 Managerial Accounting John J. Wild University of Wisconsin at Madison Ken W. Shaw University of Missouri at Columbia 3 rd edition wiL1084x_fm_i-xxiv_1.indd Page ii 1/10/11 9:14:31 PM user-f499 /Users/user-f499/Desktop/Temp Work/Don't Delete Job/MHBR231:Wild:203 To my students and family, especially Kimberly, Jonathan, Stephanie, and Trevor. To my wife Linda and children, Erin, Emily, and Jacob. MANAGERIAL ACCOUNTING Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY, 10020. Copyright 2012, 2010, 2007 by The McGraw-Hill Companies, Inc. All rights reserved. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written consent of The McGraw-Hill Companies, Inc., including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning. Some ancillaries, including electronic and print components, may not be available to customers outside the United States. This book is printed on acid-free paper. 1 2 3 4 5 6 7 8 9 0 DOW/DOW 1 0 9 8 7 6 5 4 3 2 1 ISBN 978-0-07-811084-9 MHID 0-07-811084-X Vice president and editor-in-chief: Brent Gordon Editorial director: Stewart Mattson Publisher: Tim...
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.......... 1 • Goals ...................................... 1 • Competitive Advantage ............ 2 3. Situation Analysis........................ 2 • SWOT Analysis ............................... 2 • Competitor Analysis ..................... 3 • Company Analysis .............................. 3 • Customer Analysis ................. 4 • Industry Analysis .................... 4 4. Market-Product Focus............. 4 • Marketing and Product Objectives ............ 4 • Market-Product Grid .......... 5 • Target Markets .............. 6 • Points of Difference ......... 6 • Positioning ................. 6 5. Marketing Program ............ 7 • Product Strategy .................... 7 • Price Strategy ..................... 7 • Promotion Strategy ............ 8 • Place Strategy............8 6. Financial Projections ........... 9 • Break-even Analysis ................. 9 7. Organization ................. 9 8. Implementation Plan ............. 9 9. Evaluation and Control ............... 10 • Possible Deviations ............. 10 • Possible Solutions ..................... 10 Josiland N. Anderson Marketing Business 319 Building My Marketing Plan April 19, 2013 Homey’s food truck & grill Company Description: Homeey’s Restaurant was founded by Josiland Anderson who’s dreams of catering to the needs of college students with a little taste of southern home cooking at a reasonable price. To the Company’s knowledge Homeey’s will...
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...process for Department of Education NL, there are three key elements involved: extending the use of agreements based on whole-life costing; progressively reducing transaction and process costs, and the provision of more qualitative added-value service. The concept advances Cooperative purchasing from a reaction to outside forces or top-down pressures, to a supply methodology congruent with an overall business strategy. Based on a detailed research and analysis, we have come to a conclusion that forming a strategic coalition with ISI (Interuniversity Service Inc), a not for profit organization that is currently responsible for all Education related procurement for Atlantic Canadian provinces except NL will solve the major issues discussed above and will provide more value to NL’s educational structure and at the same time will reduce overall operational and overhead costs. ISI provides strategic sourcing approach towards procurement by operating based on Total Cost of Ownership model and by bulk commodity and services purchasing provides Total Landed cost strategy to the business. Being a not for profit organization, their True north is to serve the community and creating a better Educational structure in Atlantic Canada. They have demonstrated their ability to add value, reduce cost and therefore providing excellent services within a specified budget to all the other provinces in Atlantic Canada, which has proven...
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...Kid's Community College® aims to prepare its students to excel as young leaders of tomorrow by combining an exclusive collegiate-based curriculum tailored specifically for children with enhanced, first class child care services. Unlike our competitors, we offer advanced technology programs, after-school tutoring, and activities such as arts and crafts, dance, theatre and gymnastics, all in one location. Kid's Community College is a privately held corporation run by its owner, Timothy Bernard Kilpatrick, Sr. Mr. Kilpatrick has 17 years of Executive Management (VP) and Budgeting experience, and extensive experience with budgeting methodologies and strategic planning, including the Balanced Scorecard approach. His advanced degree (and interest) in computer science is the driving force behind our technology component. He will be supported in daily operations by an industry consultant, a campus director, and a VP of educational operations, all with extensive experience in child care fields. With inflation continuing to rise each year, the typical American family now requires dual or supplemental incomes. This trend has created a need for quality child care services. The population growth rate in the Riverview area of Hillsborough County is now over 14.6%, leading us to anticipate expanding market potential for this industry in our local area. Price, service, certification and reputation are critical success factors in the child care services industry. Kid's Community College® will...
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...encompasses a discussion concerning college and its perceived merits or demerits. To this end, the thesis will seek to explore the issue of whether its benefits outweigh its inherent costs. A narrative relating to college degrees postulates the necessity of the latter to have a good career. The narrative has been formulated and affirmed by the media, the business community, and the government. In a recent speech, President Obama blatantly stated that now more than ever, the college degree was a ticked into the middle class, a good job, and a good income. He goes on to say that the degree gifts the graduate an element of security that keeps them employable. The latter is a result of the perception that the degree creates. Potential employers view individuals with degrees as malleable and capable of acquiring new skill sets. On the business front, there is an upsurge of demand for skilled workers in recent years because of dramatic technological advance. Ergo there is an augmented demand for graduates who can carry out the tasks that a high-tech economy needs. The media has been used to highlight this upsurge and often unwittingly, create pressure on parents to send their children to college. While parents deal with all the information heralding college education as a crucial investment to make, they also appraise the information against the backdrop of college costs. In recent decades, the cost of higher learning has exploded. Numerous colleges charge an almost exorbitant fee...
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... Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables. Demographics are an important variable when choosing target marketing strategies. The variables are relevant to complete a demand analysis by providing a rationale for the selection of the variables. Whithin my area, Cross, SC, I am looking at local demographics and paying special attention to the following: • Age: Persons under 18 years percent 27.4% • Income levels: Average 39,779 per household • Persons below poverty level: 17.2% • Education: Bachelor degree age 25+ percent 13.1% • Housing: ownership rate 57.9% Making an informed analysis will inform you about the spending and eating habits of the people who live in the servicing area. Demogrphics give you a clear understanding of the areas behavior, values, cultures, interests and lifestyles of the community. Data research was consider because of the amount of time given for the assignment. The success of Domino’s opening a location in Cross, SC will depend on the factors listed above. Having a customer loyalty program that will have frequent customers that will come buy the products will help the company save on selling expenses (Census, 2011). Pizza cost in the Cross, SC area | |Domino |Little Ceasar|Papa Johns |Pizza Hut | |Small |6.74 ...
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...[pic] Submission Date: 21 March 2012 PREFACE At the time of writing, this report was an accurate reflection of ****, a Grade 1 ‘Oustanding College”. However, in March the college underwent an Ofsted inspection for which the outcome is not yet known. Introduction NBBC is a large provider of further education, higher education and work-based learning with around 900 staff (644 full-time and substantive part-time) and an annual income of approximately £29 Million. In 2010/11, the College provided for a diverse age range of learners from 5 – 88 years, with approximately 3,140 full-time, over 10,000 part-time and in excess of 2,300 work-based learners. The College’s vision is to: • Continue to be graded ‘Outstanding’ by OFSTED with student success rates being in the top 5% for all general further education colleges; • Increase its market share in North Yorkshire and South Leicestershire and be recognised nationally for specialisms in Creative Arts, Logistics and Transport and the Built Environment; • Generate operating surpluses which enable investment to secure a continuing improvement in the experience of all students at the College and to increase the College’s impact within our local communities. The College currently operates on two main sites, Bradford and Leeds, as well as outreach centres at Filey, Bermuda Park, Grimsby, Harrowbrook and Bedworth and offers a broad scope of vocational ...
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...Contents: Proposed Business 3 Problem Statement 3 Business Concept with Industry Analysis 3 Competitor Analysis 3 Target Market 4 Strategic Positioning 4 Critical Risks 4 Economics of the Business and Operations Plan: 5 Primary Ten Year Plan 5 Details of Alternative Plans 6 Analysis………...…………………………………………………………………………………7 Conclusions…………………………………………………………………………………….…7 Appendix 8 References…………………………….…………………………………………………………11 Proposed Business Problem Statement The importance of obtaining a college education to work in today’s society cannot be overstated. That is why in recent years high schools have started to encourage students to pursue a college education as well as begin to prepare the students for college. The current methods high schools are implementing offer general ways of preparing students for college that are often times ineffective and lack proper execution. Since college preparation is critical for high school students to increase their chance of successfully graduating from college, it is now more crucial than ever before to provide proper college preparation for tomorrow’s college students. However college preparation requires more than just helpful techniques for studying and teaching yourself. College preparation also requires a good amount of hard work and learning core subjects that form the foundation for which we build our knowledge upon in college. We are aware that the majority of future jobs involve science, mathematics, and technology...
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...Hossler and Bontrager (2015) state that the sociological approach focuses on the early stages of one's college journey and "emphasizes the influences of social and cultural capital" (p. 51). Thus, this theory highlights one's social context, such as their social class, community, and high school, as well as parental involvement and expectations. Throughout my first essay, my environment was a strong predisposition that contributed toward my expectation of attending college. Due to my parents' middle-class status, their cultural and social capital garnered them certain knowledge sets. My mother knew how to research for the best school districts and suburbs using the internet, as well as employ her social network of coworkers, college friends,...
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...information available on the web expands, the number of industries that it will impact will also increase. Traditional brick and mortar school buildings as we know them today will gradually become a thing of the past as society transcends into the age of convenience. In the presented assignment I will be analyzing “Will the Web Kill Colleges?” This assignment will describe the key points of the author’s argument, analyze the aspects of the author’s argument that I agree with, analyze the gaps or challenges that I see in the author’s argument, implications for education, and potential ethical questions raised by the author’s vision of the future. The development of the web has dramatically changed the way society acquires and publishes information. This has had both positive and negative impacts on education. As the information available on the web expands, the number of industries that it will impact will also increase. Traditional brick and mortar school buildings as we know them today will gradually become a thing of the past as society transcends into the age of convenience. In the present assignment I will be analyzing “Will the Web Kill Colleges?” This assignment will describe the key points of the author’s argument, analyze the aspects of the author’s argument that I agree with, analyze the gaps or challenges that I see in the author’s argument, implications for education, and potential ethical questions raised by the author’s vision of the future. Describe the Key Points...
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...Delgado Community College is a large community college and is affordable to attend. It offers many majors for students who are interesting in majoring in nursing, technical students, or some who would like to finish and transfer to a four year university. Delgado Community College offers many choices such as low cost tuition, less students per class compare to a four year university, easy classes, obtain degree faster, and instructors are willing to help after class. Delgado has some improvement and some condemn such as the parking and the food choices. Every day I wake up and I get ready for school. When I get to school finding a parking is hard to find one. I would spend ten to fifteen minutes circling building one parking lot for a good...
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...Syracuse University INDUSTRY ANALYSIS OF COLLEGES AND UNIVERSITIES IN THE UNITED STATES Matthew Gerlitzki Strategic Management - MBC 645 Professor Wimer May 11, 2016 Industry Definition This is an industry analysis paper of the Colleges and Universities in the United States and it is important to begin with a definition. A goal of an industry definition and boundaries scope must not be too narrow or broadly defined because this will alter the scope of the analysis and result in a skewed conclusion. I will begin by differentiating between non-profits and for-profits businesses due to the different strategies involved within management in attempt to maintain the scope of this analysis. At first thought this seems irrelevant, however, the internal and external environments of these two types of business structures are different and management must prioritize accordingly. In academia, the for-profit institution must operate similar to a regular business with a focus on profitability that will satisfy stakeholders rather than focus primarily on the quality of education. The non-profit institution will focus primarily on education and student success, which will contribute to the brand awareness and prestige that will be discussed later. An analysis of the Colleges and Universities in the United States will be limited to non-profit private and public institutions that offer Bachelor’s, Master’s, and Doctorate degrees. Bachelor’s (undergraduate) degrees are the...
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...2015 Toledo_Booklet final_Layout 1 11/28/13 2:09 PM Page 2 Developing LIFELONGthe World of Business LEADERS for Toledo_Booklet final_Layout 1 11/28/13 2:09 PM Page 3 The College of Business and Innovation of the University of Toledo (Ohio, USA) is teaming up with the American Chamber of Commerce in Egypt Career Development Center (CDC) to offer an MBA program in Cairo. The College of Business and Innovation was established in 1930 and is among 5 percent of business schools worldwide to be accredited by the Association to Advance Collegiate Schools of Business (AACSB) International. Known for integrating disciplinary excellence with technological expertise and knowledge with practice, the University of Toledo College of Business and Innovation is highly regarded as a learning partner of choice for students and the business community alike. The MBA program consists of in-depth business courses, along with a comprehensive Strategic Management Capstone course in the final semester that uses guest speakers, case studies and simulations to weave together all aspects of the program. Courses • BUAD 6100 - Accounting for Decision Making • BUAD 6200 - Financial Systems • MKTG 6240 - Sales Force Leadership and Strategy* • BUAD 6300 - Strategic Marketing and Analysis • MKTG 6400 - International Marketing* • BUAD 6400 - Results-Based Management • BUAD 6500 - International Business • BUAD 6600 - Supply Chain Management • HURM 6700 - Human Resource Management* ...
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...Marketing Plan For: Worcester Bruins ECHL Professional Hockey June 2014-July 2019 Submitted to: Michael Leamy, Professor May 20, 2014 Prepared by John Dunn Table of Contents 1.0 Executive Summary 3 2.0 Situational Analysis 3 2.1 Market summary 3 2.2 SWOT analysis 4 2.3 Competition 5 2.4 Services 5 2.5 Keys to success 6 3.0 Marketing Planning 6 3.1 Target market 6 3.2 Positioning 6 3.3Marketing mix 7 4.0 Implementation and Control of the Marketing Plan 8 5.0 Summary 10 6.0 Appendix: Financial Analysis 10 7.0 References 14 1.0 Executive Summary On November 2004, after 11 strong seasons of minor league hockey at the DCU center in Worcester, MA the city’s team, the Worcester Ice Cats announced that they would be moving to Peoria, Illinois. During this time, attendance averaged around 7,000 fans per game and provided an economical and fun night out for adults and kids alike. After a brief hiatus of two years, San Jose moved their affiliate to the city however the results were not like past years. As ticket prices rose and the product on the ice declined with several non-playoff seasons, attendance averages dropped to just over 4,000 (figure 1) and the cost of sending players across the country weighed heavily on the parent club. Although there have been bumps and struggles, Worcester remains a strong market for a professional hockey team, especially one with ties to a local NHL club such as the Boston Bruins. Boston’s current...
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...1. Topic: Online Education 2. Research Question: Is online education more advantageous (favorable) than traditional classroom education? 3. Thesis Statement: Research suggests that online education (is more) (has become more) advantageous than traditional classroom education by offering lower tuition costs, more diverse and obtainable degrees and masteries, and by enabling the realistic pursuit of higher intellectual learning for paraprofessionals and unconventional students. Task 1 Annotated Bibliography Smith, David E., Mitry, Darryl J. (2008). Investigation of Higher Education: The Real Costs and Quality of Online Programs. Journal of Education for Business; Jan/Feb2008, Vol. 83 Issue 3, p147-152, 6p, 1 Chart. Retrieved from http://web.ebscohost.com/ehost/pdfviewer/pdfviewer?hid=7&sid=2eb08f08-6338-4b77-9193-45add548c475%40sessionmgr14&vid=2 This article by Smith and Mitry (2008) addresses via analytical inquiry the cost and quality of online teaching in college education. These authors are doctors in their respective fields at National University, and this article was published in a peer-reviewed journal. Using a variety of different scientific tools Smith and Mitry (2008) clearly explain the problems, illuminate the solutions, and discuss, imply, and recommend ways to help online education realize its true potential. While there is a lot of information about many different facets of online education, this article shines with the recommendations that the authors...
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