Group Project – Phase One Due: October 19 The purpose of this group project is to help you integrate the managerial accounting concepts we cover in class and apply them to a real-world business setting. This project contains two phases. In the first phase, you will analyze your costs and come up with a cost formula for your business. In the second phases, you will make sales forecast, conduct cost-volume profit analyses, prepare budgeted financial statements, and come up with strategies to improve the profitability of your business. After you complete all phases of this project, you will have good understanding of how managerial accounting tools can help managers run a business. Group Policy: This project is to be done in groups Each Tshirt requires one print. You also need to print flyers, etc. for selling and administrative purposes. For this non-manufacturing printing, you will print about one page for every 5 T-shirts sold. [e] Laser paper: You will buy several reams of laser paper to print promotion flyers, etc. Each ream costs $20 and contains 200 sheets of 8.5×11 laser paper. 6) Wrapping paper and box: Each T-shirt costs about $0.20 to wrap and box. Wrapping and boxing are not considered as manufacturing. 7) You will hire three fellow students as part-time workers. They not only help you operate the machine, but also help fold, wrap and box T-shirts. Sometimes, three of them work at the same time. But, sometimes they don’t because of their different class schedules. On average, printing 10 shirts will take one labor hour. Folding and packaging 20 shirts also will take about one labor hour. You will pay each of your workers $8 per hour. Folding and wrapping are not considered as manufacturing. 8) You (the owners) do all the selling and administrative work by yourselves. You will pay yourselves a total of $12,000 per year (to be divided among all owners). 9) To protect your business from legal obligation, you will purchase a liability insurance that will cost you $3,600 per year. 10) You will hold four end-of-quarter parties to promote sales of your t-shirts. Each party costs you about $1,000.
Parenting Styles Hidden in Hollywood James H. Grand Valley State University Psychology Professor M March 12th, 2013 Abstract Throughout the years, producers have developed and aired thousands of television series giving Americans hours of entertainment every day. Producers not only demonstrate life lessons, education or what may be entertaining, but demonstrate the different types of Baumrind’s parenting styles and the benefits or consequences that shape a…
Assignment 1 International Interest Nowadays everything seemed relate to international aspects because the world is becoming as a global village. A lot of organization is also containing international components in order to have a higher quality organization. For example, one of my interests is basketball association. I like to play basketball and enjoy watching the players competed for their honor of the teams. An international organization called Peace Players International, which is helping to…
others is quite effective. The most influential individuals are categorized as “cool” and social media has provided a platform to reach the masses. The notion of being “cool” can be clarified by a research method known as “coolhunting.” In order to grasp the fluid nature of “cool things”, we must first understand the more stable idea of “cool people.” To begin, we must seek out the social media domains in which cool people reside. The sample pool will encompass the media platforms of Facebook, Yelp…
electronic book reader, the Cool-er. By conducting a thorough situational analysis, doing a SWOT and defining marketing objectives along with a budget, it is easy to develop such marketing strategies. Please find in this report the previously mentioned along with the corresponding research and new ideas. An addition to the second part of this report is the media plan, media buy and blocking chart. Situation Analysis 1. Discussion of the total market The Cool-er, by Interead, is an e-reader…
Roshan Bhakta Discussion Leader – Team Yellow February 4th, 2013 Designing Organizations and Theory What are the possible purposes of the University Museum? a. The purpose of the University Museum could be to teach and Influence the students in the history the museum. This museum was history and it was important part of the University itself. The museum provided a safe place to the students where they could go to learn about art and take in all the amazing aspics and features…
High School vs. College Education is a significant aspect in an individual’s life as it prepares them for a career and teaches them life lessons. New experiences are ongoing, and one gets ready for adulthood. During the five years of high school, you get to create close bonds with friends from elementary, teachers, and new people you meet. You construct an image for yourself that stays throughout the years. The next step after high school is college or university and these years are a defining…
Gift to Centre College in Kentucky Is Withdrawn Less than two months after announcing one of the largest gifts in U.S. higher-education history, officials at a small liberal-arts college in Kentucky said Monday that its $250 million donation had been withdrawn by the A. Eugene Brockman Charitable Trust. John Roush, president of Centre College, based in Danville, Ky., said the gift of stock in Universal Computer Systems Holding Inc. was dependent on a recapitalization of the company, which operates…
Jennifer Dinh’s Column on “The Big Bang Theory” TV Show 10/19/11 The Big Bang Theory television series, produced by Chuck Lorre and Bill Prady, has earned its viewer’s attention. Based on the lives of four genius scientists along with a single female lead, they learn how to live together despite their individual eccentricities. Sheldon Hofstadter, an experimental physicist, and Penny, the girl next door, have been dating for the majority of the show. Their comical relationship highlights Sheldon’s…
Typhoon Rusa (international designation: 0215,[1] JTWC designation: 21W[2]) was the most powerful typhoon to strike South Korea in 43 years. It was the 21st JTWC tropical depression, the 15th named storm, and the 10th typhoon of the 2002 Pacific typhoon season. It developed on August 22 from the monsoon trough in the northwestern Pacific Ocean, well to the southeast of Japan. For several days, Rusa moved to the northwest, eventually intensifying into a powerful typhoon. On August 26, the storm moved…
Jonathan Vannelli 6245897 Cool Item #1: PRYNT - first instant camera case. PRYNT is the first instant camera case for iPhone and Android. This product allows smartphone users to print pictures in just under 30 seconds. PRYNT is portable, lightweight and easy to use. In today’s technological word, smartphones have replaced the use of traditional portable cameras, people are using their smartphones everyday in order to capture memorable moments - anywhere from selfies to once-in-a-lifetime…