Business Decision Mapping Essay Example for Free

Business Decision Mapping Essay The Shamrock Manufacturing Chicago plant manager, Sean Fitzpatrick is contemplating replacing a large piece of manufacturing equipment. Mr. Fitzpatrick is also inline for a promotion to Shamrocks larger Houston plant within the next year, and is hesitant to make any decisions that will reduce short-run operating income and his performance evaluation. While the prospective replacement equipment promises to reduce cash operating costs, it costs $90,000, as well as the loss on disposal cost of the old equipment, which has not fully depreciated. Prior to making a decision, Mr. Fitzgerald must identify all relevant costs and chose a decision for the best interest of Shamrock (Datar, Rajan, 2013). Analysis The available data to consider in this case is the old machines purchase price ($150,000); the current book value of the old machine ($60,000); the market value of the old machine ($36,000); the cost of the new equipment ($90,000); and the reduction in annual cash operating costs ($32,500). All historical costs are considered irrelevant, as they have already occurred and have no effect on future costs. The only relevant costs that should be considered for this decision are the future cash operating costs, the disposal value of the old machine, and the cost of the new machine that will be deprecated over the next two years. Based on the #1 and #2 worksheets in Appendix A of this document, year one yields an increase in expenditures of $6500, but includes the $24,000 loss of disposal of the old machine, which is irrelevant. The only relevant data is the total two-year costs shown on worksheet #2 that shows a reduction in total relevant cash flow of $11,000. The results of worksheet #1 are not beneficial for Mr. Fitzgerald, but the overall results in year two benefit Shamrock. Based on the #3 worksheet, with a lower new equipment cost ($77,000), year one breaks even, which is irrelevant, and the total two-year reductions in total relevant cash flow are $24,000. Conclusion Based solely on the worksheet information (Appendix A), the company should replace the equipment. All relevant costs located in worksheets #2, and #3 indicate that Shamrock manufacturing will benefit by replacing the machines at either equipment cost. However, worksheet #1 presents a problem for Mr. Fitzgerald as it shows a $6500 increase in the first year expenses, which are irrelevant in the long-run, but may encourage Mr. Fitzgerald not to purchase the new equipment because it may reflect badly on the short-run net operating income of his plant during the evaluation period for his promotion. Worksheet #3 offers a breakeven scenario in the first year and a $24,000 reduction in relevant cash flows in year two, which is the best option for Mr. Fitzgerald and Shamrock, if available. Reference: Datar, S., Rajan, M., (2013). Financial and Managerial accounting, custom edition, Pearson Learning Solutions, Ch. 9 Appendix A Shamrock Manufacturing relevant cash flow analysis Appendix B 5-Step Critical Thinking Decision-Making Process Matrix Step 1: Identify the problem(s) and uncertainties. What exactly is the problem†¦ Sean Fitzpatrick has an opportunity to decrease long-run cash flow by replacing a large piece of plant equipment. The problem is this †¦ Mr. Fitzpatrick is up for a promotion and is concerned that any short-run decreases in operating income will affect his performance evaluation. This is an important problem because†¦ Mr. Fitzpatrick’s decision may be good for the company, but could hurt his career aspirations. The key question(s) that needs to be answered to solve this problem is†¦ What is the best decision for shamrock in the long-run? Step 2: Obtain information. The following information is needed to answer this question†¦ What are the relevant costs that impact the decision to keep or replace the equipment? Based on the #1 and #2 worksheets, what decision would be made in years one and two? Based on the #3 worksheet, would the decision be different for years one and two compared to the initial cost of the new equipment? Some important assumptions I am using in my thinking are†¦ I believe that the best decision for Shamrock is not the best decision for Mr. Fitzpatrick, which creates an ethical dilemma. The points of view relevant to this problem belong to†¦ Sean Fitzpatrick. Note: Remember to view the information you have obtained for potential bias. This is from the perspective of your own bias to the research and the bias of the authors who compiled the data and the research you gathered. In other words, do not discount the importance of other’s data because of your own bias(is). Step 3: Make predictions about the future. If this problem gets solved, some important implications are†¦ Long-run relevant cash flows will be reduced, and operating income will increase. If this problem does not get solved, some important implications are†¦ An opportunity to decrease relevant cash flows will be missed. The potential alternative solutions to solve the problem are†¦ Keep the status quo or make a tough decision that will benefit Shamrock in the long-run. Note: if the problem is one-dimensional, there may be just one correct solution. Step 4: Make decisions by choosing among alternatives. What is the best solution and why†¦ By the new equipment, because it decreases long-run relevant cash flows. Step 5: Implement the decision, evaluate performance, and learn. In business, the fifth step in the decision making process is implementation. In the MBA program, most times you will end with Step 4 since you will not have the opportunity to implement. You may be asked to develop an implementation plan and recommend how you will evaluate performance in some assignments.

Incest in Jane Smileys A Thousand Acres :: Smiley Thousand Acres Essays

Incest in A Thousand Acres Incest in A Thousand Acres invades all the other items: it is there, and is crucial for everything that happens, but it is hidden beneath the surface of appearances. Tim Keppel has pointed out not only that "Smiley's major departure [...] is her decision to tell the story from the viewpoint of Ginny and explore the inner lives of the so-called 'evil' sisters" (Keppel, p.105), but that "Smiley makes her most dramatic re-vision of Shakespeare" (Keppel, p.109) in the storm scene. This has traditionally been the scene when the audience form a bond of sympathy with King Lear because of his pathetic insanity, while in A Thousand Acres, the focus of the narrative stays with the sisters and gives us a strong reason to form a bond of sympathy with them instead: Rose tells Ginny about the incest they both underwent, but that Ginny has suppressed from memory. Rose inhaled, held her breath. Then she said, "He was having sex with you. [...] After he stopped going in to you, he started coming in to me, and those are the things he said to me, an that's what we did. We had sex in my bed." (189-190) That Larry has complete control of the lives of Rose and Ginny is already evident, and now we understand more of why. It is not only a matter of sexual abuse, but of asserting a perverted form of power. This is one of the links formed within the framework of the novel between women and nature: They are objects of property. "You were as much his as I was", Rose says. "There was no reason for him to assert his possession of me more than his possession of you. We were just his, to do with as he pleased, like the pond or the houses or the hogs or the crops." (191). All of this is subject to the power inscribed in Larry and the system he embodies. This connection is given a more general relevance in the overall political project of the novel, transcending the workings of one malfunctional family. First, because Larry follows a long line of patriarchal power structures: "You see this grand history, but I see blows.[...] Do I think Daddy came up with beating and fucking us on his own?[...] No. I think he had lessons, and those were part of the package, along with the land and the lust to run things exactly the way he wanted to.

Assigning Evaluation and Management Essay

Individual Assigning Evaluation and Management (E/M) Codes 1. Initial consultation for a 78-year-old woman with unexplained weight loss, abdominal pain, and rectal bleeding. Comprehensive history and examination performed. 99205 This history and examination were comprehensive and dealt with several body systems, so 99205 is the better E/M code to use. 2. 30-year-old patient presents complaining of flu-like symptoms characterized by unremitting cough, sinus pain, and thick nasal discharge. Examination reveals bronchitis and sinus infection. Patient is prescribed a five-day course of Zithromax. 99202 The case does not distinguish whether the patient was a new or an established patient. Without this knowledge, I would use the code 99202. 3. Established patient on Lithium presents for routine blood work to monitor therapeutic levels and kidney function. Nurse reviews the results and advises the patient that tests are normal and no change in dosage is indicated. 99211 This patient is an existing patient with an established history, so 99211 is the proper E/M code to use. 4. 62-year-old diabetic female presents for check-up and dressing change of wound on left foot. Examination reveals that the wound is healing. Nurse applied new dressing and patient will return for check-up in one week. 99212 I have selected 99212 because the patient has diabetes and is there for a routine check-up and dressing change. Because the wound is healing and the patient will return for another check-up, 99212 is the best/M code. 5. A mother brings in her six-month-old male child for routine wellness check. Examination reveals the child to be in good health and making adequate progress. 99215 This is a routine wellness check, which is an extensive visit to ensure the baby is doing well and continues developing on schedule.

Why Cheating Is Unethical Essay - 1843 Words

When referring to the concept of cheating, there are many definitions that a person may think of. According to Dictionary.com, there are three ways of viewing the term and thus three corresponding definitions. Nevertheless, the unified theme in the idea of cheating is the use of fraud, deception, and dishonesty (Random House Dictionary). Unfortunately, this is a notion that is continually acknowledged as acceptable. One scenario that is commonly concentrated on is the act of cheating in education. Louise asked: What I regard as cheating is considered OK by many American university students — one survey revealed that as many as 75% of the interviewed students had purchased essays, term papers or even their masters theses from other†¦show more content†¦In the second section, I will state my opinion on how to confront the situation of students using â€Å"paper mills† and cheating in general as well as why the alternative view presented is inappropriate. The culmination will be reached in the third portion, which will contain my conclusion. Following this essay, a Works Cited page is provided with information of the sources utilized. MAJOR ETHICAL POINTS OF VIEWS With such a variety of ideas, Aristotle said it best that â€Å"†¦there is a very general agreement; for both the general run of men and people of superior refinement say that it is happiness†¦ which is the highest good achievable †¦but with regard to what happiness is they differ†¦Ã¢â‚¬  (Martin, Solomon and Vaught 54). The years have yielded many ideas of ethics; however, four major principles of moral living that are considered the most suitable for all. Aristotle established what is known as virtue/character ethics where morality is realized in the development of character traits. Immanuel Kant, however, refers to ethics as that which focuses on objectives, where if one has the intent to do well, they will achieve happiness described as deontological ethics. The next concept, utilitarianism, expanded by John Stuart Mill, is similar to Aristotle’s virtue ethics in its dependence on happiness but emphasizes that some pleasures are more valuable thanShow MoreRelatedPersonal Ethics : An Ethical Person? Cheating On Taxes, Exams, Relationships948 Words   |  4 PagesPersonal Ethics: What does it mean to be an ethical person? Cheating on taxes, exams, relationships, etc., seems to be rampant. Is this a problem? Why or why not? Personal ethics is the generally accepted principles or practices of right and wrong governing the conduct of individuals. To be simple, personal ethnic is the internal guide that tells us what is right and wrong. They drive our actions and emotions on o daily basis. Some people may be appearing similar set of personal ethics, but someRead MoreCheating is a Crime1023 Words   |  4 Pagesprevent students from cheating, although it is still very common to cheat. 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