I enjoyed reading your post and the intricacies of the railroad business. It’s interesting seeing the real world application of your financial intelligence in understanding your business’s circumstance during that time. During that period, in order to combat the increase in operating expense, was there a large change in price for the services your company offers? Additionally, that’s an interesting way that your company chooses to share its monthly reports. Coincidentally, that is the same way LeTourenau University Senate operates. There are instances where students do not elect a senator to represent them. When that is the case, a number of the Committee Chairs host an “unrepresented floor meeting”. At these meeting, Student senate shares
James Leroy, the company’s sole owner is disappointed in the performance of his company as he intended to present the first quarter financial statements to the bank to acquire a $1 million loan to expand the company. Upon review of the statements it is explained by Mr. Leroy’s accountant Marcus Sims that the cost of company overhead doubled compared to the previous year due to a rise in rent, utilities, and repairs and maintenance of machinery causing the unexpected reduction in net profit.
The railroad in its simplest form is a delivery company. We deliver goods to businesses so they can produce the products they sell to the people. Norfolk Southern understands the importance of being a link in the supply chain. If the goods we deliver do not arrive on time, our customers will not be happy and they will lose business. If this happens frequently enough, we will lose their business. Our vision statement is, “Be the safest, most customer-focused, and successful transportation company in the world” (Norfolk Southern Corporation, 2015). Being the most customer focused means knowing our internal business to serve our customers’ needs. In order to adequately fill our customers’ needs we must be aware of our internal weaknesses. In the 2014 Q4 Earnings Call, CEO Wick Moorman
Corporations keep various types of financial records and it is the responsibility of managers to make sure that the records are maintained and resolved at the end of the fiscal year. Most company has shareholders that want a year-end account on how the company has done and with a projection of what the company is capable of doing in the future. The shareholders have a vested interest and want to be kept informed on how the company is doing financially. Financial records for major corporations are public knowledge and this paper is comparing Target and Wal-Mart and their financial standings.
Erik Erikson was heavily influenced by Freud but while Freud was an ID psychologist, Erikson was an ego psychologist. Erikson stressed that the development of the ego depended heavily on personal and social aspects. “According to Erikson, the ego develops as it successfully resolves crises that are distinctly social in nature. These involve establishing a sense of trust in others, developing a sense of identity in society, and helping the next generation prepare for the future” (McLeod, S. 1970). His theory focused on personality development through eight distinct stages. He believed that personality progressed in a stacking or pre-determined manner, this is referred to as the epigenetic principle. One must
The managerial accounting system at Bridgeton, as it is presented, seems to be lacking detail necessary for efficient analysis. The sections used are sales, direct material, direct labor and overhead by account number, each divided into individual accounts and summed to find totals. There is no separation of fixed and variable costs in any of the accounts, making it difficult to analyze exactly where operations are costing money and, therefore, how they could possibly be improved. The presentation of the information groups all sales together and the different categories of costs together and does not provide for individual product analysis. The products are analyzed (categorized into classes) based on their costs, with no consideration to revenues associated with these products, and no real understanding of the overhead applied to each product. The overhead costs are applied to accounts based on labor and materials of the company as a whole, rather than using considerations associated with the individual products.
The Securities and Exchange Commission requires that publicly owned businesses provide annual reports, which are available to the public. Many different people use annual reports, to make informed business decisions. Management from the company uses the information to determine a number of items. Some of these items are the profitability of the company, the inventory turnover rate, and the accounts receivables rate. Creditors use the annual report to determine how well a company can satisfy its current liabilities, as well as, how the company is doing in the aspect of long tem survival. Another group of people who use the annual reports furnished by companies are the investors, who can purchase shares of stock from the publicly company. Annual reports are very important to these people, because they are an over all picture to help them determine the over all stability and reliability of the company’s financial outlook. These annual reports are important because they do not only contain the financial statements of the company, but there is a management ‘s note to discuss reasons for any unexpected numbers, and an auditor’s report, from an independent accounting firm, who either agrees or disagrees with the financial numbers. Market reporter Matt Krant said, “Ignoring these reports is akin to driving down the freeway blindfolded.”
According to Masters, healthcare has become so complex today that it takes several professional providers delivering care in a collaborative environment to improve client health outcomes. The facility that I am currently employed for uses interdisciplinary collaboration every day. While I am at work, I am able to collaborate with several different disciplines to ensure the resident receives the proper care.
Attending an NA meeting during finals was one of my smarter decisions, as I procrastinate my work until the very last minute this week. However, in my opinion, going to a meeting was a good type of procrastination compared to other things I could be doing. Instead of going with the same friend this time, I asked a friend who was struggling with a ________ addiction. Not knowing that I was aware of his addiction, I asked him to join so I didn’t have to go alone; and he was more than happy to join me. I was very happy he agreed to join, because hopefully it helps him with his personal addiction, and he continues to return to the meetings.
On Saturday 12/10/2016 at about 2210 hours, I, Officer Steven Evans responded to a dispatched call (51D) Disorderly Patient in E.D. for room #40 and this was Security third call tonight for this room. The patient, Debra Lynn Bolger (DOB: 06/28/58–Fin #86564069), once again had gotten out of her room and walked over to the nurses’ station in violent and threatening manner. Patient Bolger knocked down a Laptop that was on the desk next to the Nurse. Upon arrival, at 2211 hours I observed the patient agitated in her room and Nurse Jacquelyn Vaninguen overwhelmed by the incident. I spoke first with Nurse Vaninguen to make sure that she was Ok and then asked her to accompany me into the patient room. Once I entered the room, I spoke to the patient
Corning’s resource allocation process shows another ill fated effort towards an organized and objective budgeting and planning process. The inefficiencies and disorganized implementation of the plan that resulted plague company performance. The underlying problem of inadequate communication dissemination of Corning has led the managers, workers and committees to focus on different goals. The Resource Committee and Business Committee through the splitting of a previously larger group, which was believed to be slowing down innovation due to conflicts of interest between two subgroups (cost reduction and innovation). However, by just splitting the two groups, nothing was effectively put into place to arbitrate the issue, and once again the resource committee (known for having only accountants) focused mainly on cost reduction while the business plan focused on which projects had innovative ideas.
This is a reflective essay based on my attendance at a multidisciplinary team (MDT) meeting whilst on my two-week placement at a local mental health day hospital. The aim of this essay is to discuss the importance of the multidisciplinary team within the mental health environment and discuss factors that can influence the success or failure of multidisciplinary teams.
During the year, budget performance was monitored closely. Each week’s and monthly, sales revenue performance figures were sent to Herb Stolzer by Roy Black. Roy Black also sent a monthly management report to Stolzer that included income statement highlights and a summary of key balance sheet figures and ratios. All information was provided with reference to (1) position last month (2) position this month (3) budgeted position.
From the beginning, where we were unfamiliar with each other and became a team, my team and I had started to learn each other name and getting to know each other. Throughout each meeting, we slowly start to feel more comfortable and open minded with each other. Not only are we getting familiar with each other, each meeting that was held we progress of becoming an effective team member, we learn our strengths and weaknesses of everyone. During the meetings, we learn many concepts from the textbook, “Communicating in Small Groups: Principles and Practices” by Steven A. Beebe and John T. Masterson. We were able to learn different types of concept in the textbook and utilized it as a team to complete certain tasks. The three concepts that impacted my team and I are human
Working in groups is challenging at times. Other times it is very rewarding. We are so focused on life that we do not take time to reflect on things as much as we should. Being in a Groups class has opened my eyes to a whole new world. I have begun to question, explore, and even understand how things work. I even get how they work sometimes. Not only is there a process involved in making individual decisions, process is involved in group decisions as well. This paper attempts give insight into my reflection of my group decision process.
I will fund my exhibit through donations and sales. I would reach out to the community, explain my exhibit and ask for donations, but I would primarily generate revenue through selling items related to the exhibit like prints of the works being shown, creative posters, key chains, t-shirts and other mementos. Additionally, I would have bake sales and fairs and other activities of a similar nature.