...Week 4 Reflection Team A ACC/561 December 3, 2015 Shalil Sharma Week 4 Reflection This week’s topic of Cost-volume-profit is an exceptional valuable to in business. CVP has a lot of upsides for an entrepreneur starting a new business. The single greatest benefit to CVP is in, how it helps to aid management in decision making. CVP can be used to determine a breakeven point for instance and from there, can predict how future financial activities will help or harm a business. Moreover, CVP is an objective analysis of pertinent information businesses use, this by definition takes any and all subjective opinions out of decision making for a business and only focuses on objectively verifiable evidence. Another benefit to CVP is that it provides a tremendous amount of detail as it pertains to a company’s activities. CVP details everything from; production cost to material cost and beyond. Management can then manipulate the baseline data to see how managerial decisions would play out in the future. From there, leadership can choose the best course of action from the analysis of CVP. CVP is very easy to use and has a standardized set of formulas. This allows uses to experiment with many different data set inputs and see what hypothetical results would be. Since CVP is easy to use, it’s also easy to understand. Anyone familiar can quickly asses the data in order to make the right decisions for their business. While CVP has many benefits, it is not without some problems. First...
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...Juan Sanchez weekly reflection Reflecting on the week 4 objectives I can say that it was one of the most important weeks because of the terms I have learned. Externalities influence the economy and all organizations. Positive and negative externalities are label depending on how they affect the organization in question. A negative externality to one organization can be a positive externality to another. For example an oil spill cause by icebergs is detrimental to oil and gas companies but the organization DAWN would consider this a positive externality in a business sense because of the publicity and revenue that can be earned. Economics is not just the study of the economy but the study of society as a whole. This week I have truly learned that money does make the world go around and in order to be successful in terms of money you must figure out what is happening in an ever changing society. Organizations have learned that making allies is more important than a battle of competition. Many different mergers exist and are defined as horizontal, vertical, conglomerate mergers which are the main mergers but others do exist. Government intervention is needed via taxes and regulations in order to control the economic behavior. If governments did not regulate economics then it is a strong possibility that governments could be overthrown by power organizations such as J.P Morgan, Vanderbilt, and Rockefeller. In past history this could have happen with these three strongholds. The...
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...Tymia Q. Harper Reflections: Week 4 LAW/421 April 22, 2013 Christopher Fletcher With this weeks reading, Learning Team C was given a clear understanding of the UCC Article 2 and the rules that pertain to the sales of goods whether it be buyer to seller or merchant to merchant. We also had to opportunity to explored how these particular types of contracts play a major portion in many aspects of our lives. Adam Lukie I have personally come across several types of contracts in my personal and business life. One example are the contracts that I have between myself and my employer. When I was hired by my company, I signed several contracts such as one stating the stipulations of my employment. The company states its expectations from me as an associate and that I will be compensated for compliance with this agreement. There are was an agreement made between me and the company where i provide them with service and they provide me with compensation. Another contract that I signed was one for the use and protection of electronic communications. This contract states that the communications used at the company such as e-mail, online content, etc. was intended for company use only and that it shall not used for other purposes. The contract is designed to protect company interests and my employment is based on my compliance with this contract. In my professional life I deal with contracts all day. Selling cell-phones, tablets...
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...Reflection Cullen McPeek, Danielle Taliaferro, Afshin Mibrolooki, Joshua Lemmerman, Cary Colome QNT/351 February - 17 - 2015 Mohammad Sharifzadeh Reflection In week four, Team C read about the steps in testing a research hypothesis, comparing the means of two or more groups, and calculating the correlation between two variables. This paper will go into deeper into what we have learned as a team and as well as individuals. I think first we need to state what a research hypothesis is. A research hypothesis is "Represents the hypothesis that will be accepted only if the data provide convincing evidence of its truth. This usually represents the values of a population parameter for which the researcher wants to gather evidence to support." (Statistics for Business and Economics, 2011.) The first thing one must do in testing a research hypothesis is to make sure that a research question is phrased. The second step in this procedure will be to study the proposed theory in terms of parameters. Thirdly a study will be designed. Once this is done the fourth thing that takes place is data is recorded and collected. The fifth thing is the data is summarized and a test statistic is computed. After computing this the sixth thing is the observed significant level is computed. Once all of these things are completed the final and last thing to complete is to draw conclusion. In taking this seven step process one will be able to clearly state the steps in testing a research hypothesis...
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...Spreadsheets are useful in business to help keep track and a record of all transactions and help to build data to help to cut down on cost and other important information. There many very large businesses and government agencies do not use Spreadsheets for a lot of its day to day operations Learning about how the F4 key toggles through relative, absolute and mixed references. When copying and pasting a cell with a relative reference, the copied formula changes in relation to the original formula. Changing a cell to an absolute cell reference provides a permanent reference to that cell. If copied and pasted elsewhere, the formula stays exactly the same. A mixed cell reference combines the two, where either the column letter or row number remain the same. I have learned that the use of spreadsheets in business is very broad. I now know that small businesses can track accounts, like a checkbook ledger, can calculate and keep track of payroll and taxes. Learning about the relative, absolute and mixed reference of cells and formulas will provide me with the skills necessary to create some more advanced analytical spreadsheets. Spreadsheets are used in the workplace when a group of information is gathered lot of the information is than sent out on a spreadsheet. So we...
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...Week 4 Team Reflection Dana Sweet, Daniel Marquez, Diana Bak, Donna Eastwood, and Kimberly Dillman July 28, 2013 ECO/372 Kevin Mc Kinley Week 4 Team Reflection Already we are into week four of our class in macroeconomics. This week held some insights for us all. We learned about assets, deficits, surplus, and debts. We also learned about fiscal policy and the problems involved with it. We all enjoyed the discussion questions. Everyone had their own beliefs about the system and how to change the OPEC oligopoly. It was all very interesting. Kimberly states in week four the material covers deficits, surplus, debt, and assets. First the material defines deficits and surplus that was easy to comprehend and extremely enlightening. As a former college student majoring in business the terms should be comprehendible but was surprising to learn the true meaning of both deficits and surplus. Deficits and surplus are both dealing with money, first the chapter 17 defines deficits as a shortfall in revenues under payments, explaining that surplus was the opposite, and this was easily understood. After further detail about deficits and surplus the chapter later introduces the definition of debt and assets is common knowledge. The material goes on to explain the difference between individual and government debt. The material concludes the chapter by explaining the burden of the US government deficits or debt. Kimberly also believed that in chapter...
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...Week 4 Reflection MKT/421 Week Four Reflection Once again, Team C has had another week full of different information, which is critical to each persons’ major. In order to ensure that each member understood important parts of week four, each member chose an objective and wrote about it. Objectives which were discussed among team members of Team C include the channel of distribution, push and pull strategies, and direct and indirect distribution strategies. Channels of Distribution Channels of distribution are any series of firms or individuals who participate in the flow of products form producer to final user or consumer (Perreault, Cannon, & McCarthy, 2011, p. 284). The flow of products between the firm, intermediaries, and consumers is a large part of the overall profit margin of a firm that requires marketing teams to dedicate substantial time and planning towards choosing the appropriate channels. Distribution channels are a firms way in which they can get products to from manufacture to intermediaries and consumers in a direct or indirect manner that revolve around the Place within the marketing mix. Direct and Indirect Distribution The direct method of distribution channels involves going directly to the consumer. Firms bypass the intermediary (wholesaler) and issue the product to the consumer at the wholesaler’s price. This method is most often used for new...
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...Week Four Reflection Summary ECO/372 November 5, 2012 University of Phoenix Week Four Reflection Summary In week four, Team D—Joe, Beverly, Kevin, and Rachel—learned about deficits, surpluses, and debt in relation to the macroeconomic health of the United States. The group as a was very comfortable with the discussion of the week while learning new information about the health of the economy. The following is a summary of what the team learned in regard to deficits, surpluses, debt, and the health of the economy. Budget Deficits Budget deficits occur when government expenditures exceed the amount of revenue coming into the economy through income and taxes. A deficit is a summary of how the economy measures the state of using and accounting procedures. Since World War II, the United States government has run a large amount of deficits, as opposed to surpluses. A deficit can be good or bad, depending on the specific condition of the economy. When the government runs a budget deficit, the goal is to improve the economy. When the economy is not progressing at a rate the country expects, the government will spend money to help stimulate economic growth. If the government spends money to improve revenue for the long-term, both the government and society benefit by the added debt. A budget deficit can help businesses create more jobs to limit the amount of unemployment and improve consumer income. The debts accumulated may be the result of spending on worthwhile projects like road...
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...Weekly Reflection ETH/355 Understanding Ethics Learning Team Reflective Summaries Team B is nearing the end of their Ethics journey and we each provided a summary to provide our thoughts on week fours discussion topics and what we found of interest. As we near the end of our ethics journey we are gaining a greater understanding of the different viewpoints on moral and ethical behaviors. Claudette Nelson stated that Week four's discussion was a lot to take in. She felt that the burning building discussion was a difficult post to answer, because whichever direction a person chose to go in there she knew there was going to be a bad end result. Claudette added that no one wants to lose a loved one and although the other people involved were not of any relation to the person making the decision of who to help, they were still family to someone else who would suffer from their loss. Claudette found the discussion on what makes an action morally right or wrong interesting as well she believes that what makes a moral action right or wrong is the intent behind the action, she found Kant's theory to be sometimes a little confusing, but she believes that the end result of Kant's theory is to treat each person with equality and fairness and that people should not be viewed as a means to an end. Overall each discussion topic made Claudette reevaluate her viewpoints on moral behavior and helped her gain a better understanding of why each person may have different moral beliefs...
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...Week 4 Weekly Reflection Student 1 For any organization, household, or business it is vital to maintain internal controls on procedures and records. Maintaining control of these principles once put in place permits activities to get the larger picture. Internal control principles include independent internal investigations or surprise inspections that are conducted by an outside source with no hidden agenda to the company. These inspectors follow procedures to reduce fraud and misuse and enhance accounting accuracy by examining documents of transactions received and performed. To balance accounting records bank reconciliation and adjusting entries are a necessary process to aid in identifying errors. The possibility of miscalculations deliberately or inadvertently can be distressing without the skill or the expertise to conduct proper control measures for a household or company. This week’s objectives can be easily understood providing managers apply applicable control types and keep the business accounting principles flowing correctly. Student 2 In the first three weeks we have about a lot. How important we are required to follow GAAP instead of IFRS. Also we learn how to prepare certain statements to be accurate with our reports and records of financial statement. What these statement does give you an overall view of how much a company or yourself reporting for the year. Debit on the right, Credit on the left of T accounts. We prepared a few statements,...
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...ESE 315 WEEK 4 REFLECTION A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=ese-315-week-4-reflection Visit Our website: http://hwsoloutions.com/ Product Description PRODUCT DESCRIPTION ESE 315 Week 4 Reflection, Course Reflection During this course my image of children with learning disabilities has empowered me to reach out to the community and any other outreach programs that can help children with learning disabilities. I have always considered all children to having a chance at education with or without a disability but I have learned through this course if children with learning disabilities had the equipment and proper accommodations they will have the same chance and great opportunity in education as anyone else. The new understandings I have considered in terms of knowledge about learning differences are everyone, especially children, learns differently regardless of a disability but if the child has a disability we as teachers and parents have to accommodate to their needs of learning. For example, a normal child may not comprehend the lesson unit by me elaborating on it speaking orally they may understand it better in an outline. A child with a disability may need the same but a little more, I may have to place their work on picture cards or let them listen to audio and most of all of the lesson unit written down to a similar pattern of my normal unit lesson plan. Course Reflection During this course my image of children with learning...
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...Weekly Reflection ACC/291 March 17, 2014 ABSTRACT Week 4 brought on the discussions of analyzing financial statements. We looked at how to use the indirect and direct methods when putting together a statement of cash flows. It was also discussed how one would use ratios and vertical and horizontal analysis in regards to deciphering financial statements. Lastly, we talked about preferred and common stocks are issued, placed as journal entries on financial statements and the paid out in dividends. With these topics we got to see why financial statements are compiled the way they are and it gave us a better understanding of how they work for a company. Each week the understanding is getting greater on financial statements. Financial statements are analyzed by corporations so that they are able to see and identify their strengths and possible weaknesses. Identifying the relationship with the balance sheet and a company’s profit and loss accounting will help in the decision making process on whether to proceed with certain things or to either change or eliminate them all together. External users of a company look at the information on financial statements to decide whether or not they want to invest or issue credit but the company also uses these statements to help make the hard decisions that management needs to build a company with staying power. Through issue of common and preferred stocks we must pace the journal entries on our statements and then we use that information...
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...Week 4 Learning Team Reflection Faruque Ahamed, Siead Hasan, Ralph Kitson, and Sangeeta Walia-Chopra FIN/571 February 10, 2014 Beatrice Jones In Groton, Connecticut stands one of the largest industrial drug complexes on earth. The structure is 2.8 million square feet and it rests on a place of land that is approximately 160 acres of land. The site was designed to offer the best to drug researchers including flexible office space with mobile accommodations. Such a space offers 250,000 square feet of dedicated facilities that are designed to maximize drug research for profit (Pfizer, 2014). The building even saves money by being self-sustaining with electric car charging stations, micro-turbines and photo-voltaic cells. Research at the Groton facility is devoted to comparative medicine, drug safety, clinical trials, pharmaceuticals, medicinal chemistry, pharmacokinetics and medical dynamics. This entire profile is committedto a company that is unafraid to spend money to make billions in profits. Pfizer is the largest research based drug company in the world with 65 billion dollars in revenue (Pfizer, 2014). Pfizer invests heavily in developing their unique signature pharmaceutical products. For Pfizer a successful drug product has four phases. Phase one is approximately 100 million dollars of investment. Testing is done in labs for several years, from there it is then tested on a small sample population of healthy humans to determine its viability. If successful...
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...For this week’s reflection we took into account the three objectives while having our discussions. The objectives were to analyze the influence of organizational structure on behavior, analyze the influence of organizational culture on behavior, and to analyze the influence of power and politics on behavior. The influence of organizational structure on behavior has two aspects--- Mechanistic structure and organic structure. In mechanistic structure the employee’s know exactly how to behave and there is little room for deviation (Robbins & Judge, 2011). This is how our three workplaces work. Under the mechanistic structure. As for Organic structure, it is completely opposite. The organic structure has a low formalization, limited specialization, and a wide span of control there for employees have greater behavioral diversity (Robbins & Judge, 2011). None of us could think of a place that we’ve worked that has an organic structure. Culture is the social glue that helps hold the organization together by providing appropriate standards for what employees should say and do (Robbins & Judge, 2011). This means that there are standards of behavior that is known to everyone even if it is not in the handbook. If there is not a strong organizational culture at our jobs for instance then, there could be unethical behavior and have no direction, in other words a weak organizational structure. All of us feel we have a strong organizational structure at our places of...
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...Through week four of accounting 291, the team got to view a lot of information about the different types of common ratios that companies use to analyze financial information. From the readings this week and discussions the team came to the conclusion that ratios play an important role in accounting. Week four went in-depth about the different types of common ratios that companies use to analyze its financial information. The team spoke about what common ratios are more important, and examples of how companies use ratios in the decision-making process. Some common ratios used to analyze financial information profitability ratios, efficiency ratios, liquidity ratios, and solvency ratios. Profitability ratios are the company's gross, operating, and net profit margins. The gross profit margin measures profitability after considering the cost of goods sold, whereas the operating profit margin measures profitability as a result of earnings before interest and tax expense. The net profit takes all expenses into consideration and is often viewed as the bottom line. Efficiency ratios measure how effective management is managing the turnover rates and returns on assets. Sales to receivables and inventory turnover is also in the efficiency ratios. When a company measures inventory turnover and sales to receivables a higher number proves better efficiency. Measuring return on assets involves comparing net income to total assets. The third type of ratio is liquidity which evaluates the company's...
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