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Introduction Background and Context In the 21st century, it is expected that enterprises focus significantly on developing environment-friendly approaches to organising all the business processes and procedures (Gustafsson, Hermelin & Smas 2019; Reid & Sanders 2019). The idea of achieving sustainability in various modern organisations causes leaders to pay special...
In all business environments, the agenda of competition is the most significant. A business has to present competitive strategies concerning the market it shares with other similar entities. Even if a business enjoys monopoly power, it has to keep devising ways of streamlining its efforts towards its goals. Business goals...
Introduction Contribution margin operating income statement is a financial statement that is used in the budgetary control of costs. Management accountants are interested in distinguishing the proportion of the income that is generated by a single unit of production. There are many ways of classifying costs in cost accounting. Costs...
Balance Sheet Also known as the statement of financial position, the purpose of Balance Sheet is to help the investors or other interested groups in understanding the financial position of the company. It is an expression of all the assets that the company owns, all the liabilities of the company...
Risk can be defined as the uncertainty about the future occurrences (Bénéplanc and Rochet 5). Risk management therefore may be defined as the process of identifying, measuring, prioritizing and setting up ways of minimizing the risks in an organization (Bénéplanc and Rochet 6). Risk management is a major goal in...
Introduction Management accounting is one of accounting branches which provides accounting information to the management in order to make decisions. It is therefore, important to ensure that the information that is disseminated through management accounting is relevant and reliable by the management in order for right decisions to be taken...
Strength Nokia is the largest producer of cell phones and has the advantage of having the largest distribution network in the world. The nokia mobile phones have a reputation for durability, reliability, and innovative designs that captivate the customers. These have given the company’s products an edge in the cell...
The art of field management has a critical and unexceptional strategy of regulating the outcomes of any profit making organization. Apparently, the strategies of pricing were a fundamental aspect in this research. Running a hotel relies significantly on the income that arises after delivering a service and renting rooms. According...
Introduction Communication stimulates productivity. It is a means of sending and receiving messages in an organization. Organizational communication can affect the growth of an organization thus; it is the key to success in the organization. Organizational communication is a link by which messages are sent by the sender to the...
Firms develop marketing strategies to help them achieve a competitive advantage. In today’s business environment, market segmentation has gained a lot of acceptance as a marketing tool. The proponents of market segmentation argue that, for firms to attain competitive advantage and improve their financial performance in terms of profitability, they...
Introduction Over the years, governments of various countries have been charging taxes on both individuals and organizations. A tax is a levy on income earned by citizens and business organizations. Countries all over the world have had tax arrangements whereby income for an individual living in a country other than...
Introduction Organizations seeking to gain a competitive advantage in the future need to focus on mechanisms of changing the manner they conduct their businesses. The most desired change is the one that enables an organization to become more profitable. Profitability may be achieved in various ways. One of the significant...
Common-Size Balance Sheet for period ended January 31, 1996-1998 Just for Feet Inc Common size balance sheet For the period ending January 31st 1996 1997 1998 Current Assets Cash equivalents 36.93% 18.40% 1.80% Marketable Securities AFS 9.04% 0.00% 0.00% Inventory 35.74% 46.97% 58.01% Accounts receivables 1.74% 3.53% 2.74% Other Current...
Introduction Employees in an organization are the most important assets in ensuring that an organization achieves its objectives. Therefore, any organization that has employees with relevant skills and knowledge is deemed to perform better in terms of attaining its objectives (Wang, Chi & Chiu-Mei, 2012, p. 109). One aspect that...
Introduction Health care is a vital part of human lives that enables them to carry out their daily activities comfortably. There is no alternative to proper health and people must ensure they have access to excellent medical attention at all times. Continuous research enables health care providers to offer quality...
Life is filled with difficult circumstances, which require subsequent realization. The play showcases a torn family with heavy emotional baggage. Subtle phrases said by characters indicate that old grievances are hard to forget. Psychological traumas that people experience are deep and can resurface even after decades. Some people find coming...
Introduction In 2007-08, the world experienced unprecedented financial crises that brought numerous financial systems down on their knees. While many analysts view the causes of the crises as single faceted, many empirical researches point multiple causes of the crises (Krishnamurthy 2010, p.23). Many subprime banks and financial institutions collapsed and...
Ethical and Legal Issues Abortion seems to be the most complex and controversial aspect within many communities. The issue of morality and ethics concerning abortion presents very fierce debates across many sectors within the society. People debate and review the different perspectives of arguments. These include the ethics and legal...
This paper investigates the available literature on fluctuation of the Euro and European market prices. It elucidates the factors that necessitated the establishment of the European Central Bank with the introduction of common currency. Currently, 17 member states of the European Union use Euro as a single currency. Since its...
Lennox is a fourteen-year-old with ADHD with difficulty in learning and comprehending mathematics skills a year below grade level. When not on medication, Lennox completes only one out of ten math questions. Normally, Lennox is disruptive and rebellious in class and more often than not, he has difficulty concentrating in...
Introduction A histogram is a bar graph that displays the frequency of a set of categorized data (Thomas, 2001). A histogram can be used as a quality control tool by observing the distribution of outcome of processes against pre-set benchmarks (Juran, 1988). The visual display imposed by histograms presents one...
Introduction American National Insurance Company is a company with a long history of service in the U.S insurance sector. The company was established in 1905 and since then, it has made significant progress in terms of revolutionizing the insurance industry as well as increasing health insurance cover to the people....
Introduction Since the first days of Barack Obama’s presidency, healthcare reforms have become one of the country’s top priorities. More often than not, Barack Obama is considered as the source and main inspirer of the giant leap forward in the nation’s health care system. The figure of David Blumenthal remains...
Manufacturing cost element responsible for the fluctuating costs The manufacturing cost element which is responsible for the fluctuating costs in the production of TC-1 is the manufacturing overhead. This is because manufacturing overhead is an indirect cost which remains fixed regardless of the number of batches of TC-1 produced. Thus,...