https://padlet.com/davisrm2/Team3Part2 Team Project Part II en-us 2016-08-10 15:55:53 UTC 2023-03-06 23:42:46 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Xmastree.png davisrm2 https://padlet.com/davisrm2/Team3Part2/wish/117905549 For reference]]> 2016-08-10 15:57:26 UTC https://padlet.com/davisrm2/Team3Part2/wish/117905549 davisrm2 https://padlet.com/davisrm2/Team3Part2/wish/117906952 In a fluid, cohesive, 2-3 page executive summary cover and discuss your assessment of your company from a managerial accounting standpoint.  This summary should well demonstrate the “voice” of your team—in other words DO NOT laundry list the responses to the following requirements.  Provide an introduction and conclusion in your narrative and provide relevant supporting materials in an appendix (referenced in the body of your summary).  

]]> 2016-08-10 16:09:32 UTC https://padlet.com/davisrm2/Team3Part2/wish/117906952 davisrm2 https://padlet.com/davisrm2/Team3Part2/wish/117907041 For your chosen company make reasonable estimates of the costs and activities associated with this company (companies do not typically publish internal cost or process information).  List twenty costs that your company would most likely incur.  Include costs from a variety of departments within the company, including human resources, sales, accounting, production (if a manufacturer), service (if a service company), and others.  Make sure that you have at least one cost from each of the following categories: fixed, variable, and mixed.  Classify each of the costs you listed as either fixed, variable, or mixed.  Justify why you classified each cost as you did.  Describe a potential cost driver for five of the variable and mixed costs you listed.  Explain why each cost driver would be appropriate for its associated cost.  For example, suppose your company is a book publisher.  Potential cost drivers (activities that make costs happen) might be such things as scheduled training sessions, number of books sold, orders received, accounting department employees, etc.

]]> 2016-08-10 16:10:13 UTC https://padlet.com/davisrm2/Team3Part2/wish/117907041 davisrm2 https://padlet.com/davisrm2/Team3Part2/wish/117907132 Would you expect your chosen company to have high or low operating leverage?  Why?  Are companies with predominately fixed cost structures likely to be more profitable than those with low commitment to fixed costs?  Why or why not?

]]> 2016-08-10 16:10:54 UTC https://padlet.com/davisrm2/Team3Part2/wish/117907132 davisrm2 https://padlet.com/davisrm2/Team3Part2/wish/117907205 Suppose your company can replace the packing material it currently uses with a biodegradable packing material. The company believes this move to biodegradable packing materials will be well-received by the general public.  However, the biodegradable packing materials are more expensive than the current packing materials.  How will this move impact breakeven?  Why?  Give examples.  What are the arguments for and against the company to use the biodegradable packing materials?  What do you think the company should do?

]]> 2016-08-10 16:11:30 UTC https://padlet.com/davisrm2/Team3Part2/wish/117907205 davisrm2 https://padlet.com/davisrm2/Team3Part2/wish/117907250 Watch this short balanced scorecard tutorial: https://www.youtube.com/watch?v=AdXt8BfiGJg .  Once you get the drift of what a balanced scorecard is all about, go to https://balancedscorecard.org/Resources/Examples-Success-Stories (or another site that offers a real world example) and find a company or organization either similar to your chosen company or one of interest to you to give you some examples of BSC success stories.  Then, create a balanced scorecard for your company and discuss:

1. What is/are the strategy or strategies of your company?
2. What perspectives were used?
   
   
3. What are the measures?
   
   
4. What might be included/evaluated in the various perspectives? 
   
   
5. What might be the key performance indicators? 
   
   
6. How will you know if the performance indicators were achieved?
   
   

]]> 2016-08-10 16:11:52 UTC https://padlet.com/davisrm2/Team3Part2/wish/117907250 davisrm2 https://padlet.com/davisrm2/Team3Part2/wish/117907433 In an Excel file evaluate whether your chosen company should invest in a hybrid car or its gasoline-engine counterpart.  Select two car models that are similar, with one being a hybrid model and one being the non-hybrid model (for example the Honda Civic is available as a hybrid or a gasoline-engine model).  Assume the company is planning on keeping this car for 10 years and at the end of the 10 years, the resale value of both models will be negligible. 

]]> 2016-08-10 16:13:21 UTC https://padlet.com/davisrm2/Team3Part2/wish/117907433