Accounting homework help

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TOPIC C – posted Thursday
1) Assuming these production costs,
1 factory rent @ $100 per shift1 sewing machine rent @ $20 per shift1 operator – .5 hours per jean @ $10 per hour1.5 bolts of denim per jean @ $30 per bolta. What are total fixed costs?b. What are total variable costs?c. What is the cost of producing 1,000 jeans?d. If capacity is 800 jeans per shift, what would happen to the total production cost for 1,000 jeans?
2) Suppose this mythical Tight Jeans Corporation leased a second sewing machine, giving it the following production function:
Number of workers: 0    1     2     3     4      5     6     7     8
Quantity of output:   0   10   36   56   68    74   76   76   74
At what level of employment does:
a. the law of diminishing returns become apparent?
b. the marginal physical product (MPP) hit zero?
c. the MPP become negative?
3) Complete this table  MarginalCost.png
MarginalCost.png
a. What output has the lowest per-unit cost?
b. What is the value of fixed costs?
c. What is the significance of the marginal cost numbers?

TOPIC B - POSTED TUESDAY - Price Elasticity

The response of consumers to a change in price is measured by the price elasticity of demand, as follows: Elasticity = percent drop in quantity demanded / percent increase in price1) Suppose the following demand exists for iPhone apps: (quantity  is in millions)Price$10$9$8$7$6$5$4$3Quantity demanded  2  3 4  5 6  7  8  9a. At $9, what quantity is demanded?b. If the price drops to $6, what quantity is demanded?c. Is demand elastic or inelastic in that price range?d. If advertising convinces people to demand 3 million more apps at every price, how many apps will be demanded at a price of $9?2) Using this demand schedulePrice (per pair)$120$100$80$60$40Quantity demanded (in pairs per year)6M10M15M20M 26Ma. As the price drops from $120 to $100 a pair, is demand elastic, unitary elastic, or inelastic?b. As the price drops from $80 to $60 a pair, is demand elastic, unitary elastic, or inelastic?c. As the price drops from $60 to $40 a pair, is demand elastic, unitary elastic, or inelastic?d. What is the significance of these calculations of Elasticity?

TOPIC A - posted Sunday

1) There are two approaches to measuring a country’s macroeconomic activity, which are Gross Domestic Product, and National Income. What do each of these approaches measure. List at least one advantage and disadvantage of each approach.2) Taken together, housing, transportation, food, and health expenditures account for 70 percent of the typical household budget. Most people regard these items as the “basic essentials.” What this figure depicts is how the average consumer has chosen to spend his or her income.chart.docx

  • How do each of these components of demand change as prices increase?
  • What is price elasticity and how might that add to your answer in #1?
  • Why is the demand for San Francisco cigarettes so much more price elastic than the overall market demand for cigarettes (see in your text, the News Wire “Substitute Goods”)?
  • When gasoline prices go up, how is demand for the following products affected: (a) SUVs; (b) electric cars; (c) beach hotels; (d) Netflix?
  • What goods do people buy a lot more of when their incomes go up? What goods are unaffected by income changes?
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Accounting homework help

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The overarching goal of revenue cycle management (RCM) is not only to reduce costs incurred by the provider, but also to increase the quality of care availed to the patient. To enable this, the RCM is broadly divided into three key areas Front End, Mid Cycle, and Back End. Each of these three key areas is further divided into two to three distinct categories, each of which feeds into the next. (You may refer to the infographic provided in the lecture as a reference.)

  • Which area and categories of the revenue cycle is most influential towards cost evaluation and containment?
  • Which area and category of the revenue cycle is most influential towards quality of care evaluation and improvement?

Accounting homework help

/in /by

The overarching goal of revenue cycle management (RCM) is not only to reduce costs incurred by the provider, but also to increase the quality of care availed to the patient. To enable this, the RCM is broadly divided into three key areas Front End, Mid Cycle, and Back End. Each of these three key areas is further divided into two to three distinct categories, each of which feeds into the next. (You may refer to the infographic provided in the lecture as a reference.)

  • Which area and categories of the revenue cycle is most influential towards cost evaluation and containment?
  • Which area and category of the revenue cycle is most influential towards quality of care evaluation and improvement?

Accounting homework help

/in /by
The overarching goal of revenue cycle management (RCM) is not only to reduce costs incurred by the provider, but also to increase the quality of care availed to the patient. To enable this, the RCM is broadly divided into three key areas Front End, Mid Cycle, and Back End. Each of these three key areas is further divided into two to three distinct categories, each of which feeds into the next. (You may refer to the infographic provided in the lecture as a reference.)

  • Which area and categories of the revenue cycle is most influential towards cost evaluation and containment?
  • Which area and category of the revenue cycle is most influential towards quality of care evaluation and improvement?

Accounting homework help

/in /by
The overarching goal of revenue cycle management (RCM) is not only to reduce costs incurred by the provider, but also to increase the quality of care availed to the patient. To enable this, the RCM is broadly divided into three key areas Front End, Mid Cycle, and Back End. Each of these three key areas is further divided into two to three distinct categories, each of which feeds into the next. (You may refer to the infographic provided in the lecture as a reference.)

  • Which area and categories of the revenue cycle is most influential towards cost evaluation and containment?
  • Which area and category of the revenue cycle is most influential towards quality of care evaluation and improvement?

Accounting homework help

/in /by
The overarching goal of revenue cycle management (RCM) is not only to reduce costs incurred by the provider, but also to increase the quality of care availed to the patient. To enable this, the RCM is broadly divided into three key areas Front End, Mid Cycle, and Back End. Each of these three key areas is further divided into two to three distinct categories, each of which feeds into the next. (You may refer to the infographic provided in the lecture as a reference.)

  • Which area and categories of the revenue cycle is most influential towards cost evaluation and containment?
  • Which area and category of the revenue cycle is most influential towards quality of care evaluation and improvement?

Accounting homework help

/in /by
The overarching goal of revenue cycle management (RCM) is not only to reduce costs incurred by the provider, but also to increase the quality of care availed to the patient. To enable this, the RCM is broadly divided into three key areas Front End, Mid Cycle, and Back End. Each of these three key areas is further divided into two to three distinct categories, each of which feeds into the next. (You may refer to the infographic provided in the lecture as a reference.)

  • Which area and categories of the revenue cycle is most influential towards cost evaluation and containment?
  • Which area and category of the revenue cycle is most influential towards quality of care evaluation and improvement?

Accounting homework help

/in /by

Throughout the semester you have been reading and learning about entrepreneurship and small business management.   These topics relate well with a simple business plan that you will create in this assignment. You must come up with a real or fictitious business idea and write a simple business plan as if you were trying to sell the idea to investors, loan officers, or potential business partners.  Some of you may use this business plan as a road map to start your own business.
This assignment offers you an opportunity to exercise your creativity.   This does not mean that your analysis should be based on conjecture alone. It should be based on sound quantitative and qualitative reasoning – the insight you are gaining from the class. Your conclusions should be supported with as much real-world information as possible. For example, the price of your product or service should take into account such things as the cost to produce it and the price people would be willing to pay for it, which is greatly influenced by the price of substitute products or services. You will be doing some preliminary market research to come up with the necessary information to support your conclusions.
The simple business plan should be 2 to 3 pages.  It should address the following:

  • A description of the product or service. It is very important that you describe the unique attributes of your product or service that distinguish it from possible substitutes and/or competition.
  • A justification as to why there is a need for the product or service, supported by references from your market research.
  • The industry in which this business would operate.
  • A discussion of who the potential consumers are and an estimate of the size of the market.
  • A list of possible substitutes for the product or service and both current as well as potential competitors.
  • A recommendation for the price of the product or service. You should conduct simple research to support your recommendation.
  • An explanation of the proposed business model. In other words, explain how you expect to make a profit. You need to think about how the product or service will be produced and marketed.
  • If you select a product, will you manufacture the product yourself or outsource the manufacturing to another company? Where would you produce the product?
  • In discussing the marketing of your product or service, you should decide whether you will sell the product directly to consumers or have retail firms (i.e., department stores) sell it for you. You might decide to sell it over the Internet. You should explain why your chosen methods of production and marketing are the best for your product or service.
  • A proforma income statement for the chosen business as an Excel spreadsheet. Usually an income statement is prepared at the end of a year. A proforma income statement is prepared at the beginning of a year. As such, it contains estimates of revenue and expenses. It is important that you provide as much justification for your estimates as possible. The results from the proforma income statement should be explained and incorporated into your plan.

Here is a suggested simple business plan outline.  You may chose to use your own or the software business plan package that comes with your book. For grading purposes, it does not matter which format you use.
1. Executive Summary
Objectives
2. Company Summary or Business Concept
Company Locations and Facilities
3. Market Analysis
Market Segmentation
Target Customer Profile
Competitors
Product (or service) description
4. Management Plan
Management Team
5. Marketing Plan
Positioning statement
Pricing strategy
Distribution Channels
Promotional Strategy
6. Financial Plan
Cash Funds Needed

Accounting homework help

/in /by

Throughout the semester you have been reading and learning about entrepreneurship and small business management.   These topics relate well with a simple business plan that you will create in this assignment. You must come up with a real or fictitious business idea and write a simple business plan as if you were trying to sell the idea to investors, loan officers, or potential business partners.  Some of you may use this business plan as a road map to start your own business.
This assignment offers you an opportunity to exercise your creativity.   This does not mean that your analysis should be based on conjecture alone. It should be based on sound quantitative and qualitative reasoning – the insight you are gaining from the class. Your conclusions should be supported with as much real-world information as possible. For example, the price of your product or service should take into account such things as the cost to produce it and the price people would be willing to pay for it, which is greatly influenced by the price of substitute products or services. You will be doing some preliminary market research to come up with the necessary information to support your conclusions.
The simple business plan should be 2 to 3 pages.  It should address the following:

  • A description of the product or service. It is very important that you describe the unique attributes of your product or service that distinguish it from possible substitutes and/or competition.
  • A justification as to why there is a need for the product or service, supported by references from your market research.
  • The industry in which this business would operate.
  • A discussion of who the potential consumers are and an estimate of the size of the market.
  • A list of possible substitutes for the product or service and both current as well as potential competitors.
  • A recommendation for the price of the product or service. You should conduct simple research to support your recommendation.
  • An explanation of the proposed business model. In other words, explain how you expect to make a profit. You need to think about how the product or service will be produced and marketed.
  • If you select a product, will you manufacture the product yourself or outsource the manufacturing to another company? Where would you produce the product?
  • In discussing the marketing of your product or service, you should decide whether you will sell the product directly to consumers or have retail firms (i.e., department stores) sell it for you. You might decide to sell it over the Internet. You should explain why your chosen methods of production and marketing are the best for your product or service.
  • A proforma income statement for the chosen business as an Excel spreadsheet. Usually an income statement is prepared at the end of a year. A proforma income statement is prepared at the beginning of a year. As such, it contains estimates of revenue and expenses. It is important that you provide as much justification for your estimates as possible. The results from the proforma income statement should be explained and incorporated into your plan.

Here is a suggested simple business plan outline.  You may chose to use your own or the software business plan package that comes with your book. For grading purposes, it does not matter which format you use.
1. Executive Summary
Objectives
2. Company Summary or Business Concept
Company Locations and Facilities
3. Market Analysis
Market Segmentation
Target Customer Profile
Competitors
Product (or service) description
4. Management Plan
Management Team
5. Marketing Plan
Positioning statement
Pricing strategy
Distribution Channels
Promotional Strategy
6. Financial Plan
Cash Funds Needed