The Effects Of Drug Abuse On The Body - 1067 Words

The debate on drug has arisen since the 1860’s when pharmacist made an effort to regulate drugs. Drugs have always been consumed, but in an effort to stop them from spreading they’ve now been prohibited. Drugs can affect the body in such a way which an individual can hallucinate things, and could permanently damage an individual’s mind. Consequence of drug abuse can be cardiovascular disease, stroke, cancer, HIV/AIDS, hepatitis, and lung disease. Some people become addicted to drugs to the point where they have to depend on them to live or for a certain time until they can completely withdraw from the drug. Alcohol, which is legal, also has substances that can negatively impact an individual’s health, however, it is part of multiple traditions where people accustom to drink wine or beer with their meal and unfortunately having the privilege to try it has been abused and has also become addictive. That is why I believe any substance that puts a body at ris k should be limited and only prescribed. Having acknowledged the physical limitation drug posses over a human, drugs should be kept illegal. One of the major compelling arguments about drugs is the benefit of its cost, which I feel there isn’t. Legalization will only allow for violence to increase, and will not be enough to get rid of the black market. Instead of getting rid of prohibition there are alternatives to seek for making the system stronger and save our citizens. One of the biggest debates about the drug war isShow MoreRelatedThe Effects Of Drug Abuse On The Body And Mind1271 Words   |  6 Pagesto their young to stay away of drugs because they are â€Å"bad† what they do not say is that drugs can become a serious addiction and cause serious complications. Drug abuse is a serious concern in today’s society; at this day and age just about anyone is doing or has been near drugs in their lifetime. People should be more educated on the subject of how drugs can seriously affect the body and mind. Addiction is often defined by continuing the compulsive nature of the drug use, they are ignoring the physicalRead MoreRisk Factors For Adolescent Drug Abuse1462 Words   |  6 Pages Body: Risk Factors for Adolescent Drug Abuse There are an abundance of risk factors that can relate to the contribution of drug abuse in adolescents. The primary risk factors can be divided into two main categories: social and emotional triggers. Social factors play an important role because during the adolescent years it can be an extremely emotional and physically tough time for teens to transition through. Adolescent phases are one of the biggest transitional stages in a person’s life becauseRead MoreDrug Profile1262 Words   |  6 PagesDrug Profile Drug Profile * * Addiction is an escape of experiencing control it is an illusion and a mood altering experience. A pathological relationship with life-threatening or negative consequences, it is the experience that is addicting. People can become addicted to anything that alters our mood or consciousness. Addiction can be about self-harm and when done repeatedly it will stop or ease emotional pain that a person may be going through. An individual’s addiction can showRead MoreInformative Essay About Drugs1020 Words   |  5 Pages Drugs Wyatt Lehr Lamar High School APA Informative Drugs have been an effective way of reaching a pleasurable state, relieving pain, avoiding stress, and meeting social expectations for the past six thousand years. There is a controversy over whether drugs are good for people or not, but this essay is not an opinion of what drugs are and should be used for. This paper will explain the background and effects of drugs on the human body and mind (Scheme=AGLSTERMS.AglsAgent; corporateName=StateRead MoreEssay On The Effects Of Drugs739 Words   |  3 Pagesnumerous number of things that can harm your body. A major one is drug. Not only does drugs harm your body, but also effect your behavior and people around you. Drugs come in many forms, from drinking to smoking. â€Å"Tobacco is one of the world most used drug, and it’s responsible for an estimated 5 million deaths worldwide each year† (Addiction and Health). Abusing drugs can cause mental, health problems, and also effect the people around you. The use of drugs cause people to experience mental issues suchRead MoreThe Effects Of Drug Addiction On College Campuses1703 Words   |  7 PagesDrug addiction is often a misunderstood condition. In actuality, it is a very complex disease. While there are many factors that contribute to whether an individual will become an addict, genes also have a significant influence. This makes this a disease that can be passed down from generations. Once drugs enter the body, they start to work in the brain in various ways. One way is by imitating the structure of a neurotransmitter and another is by over stimulating the reward center. After prolongedRead MoreNarcotics - Research Paper in English1059 Words   |  5 Pagesexcessive use of narcotics can endanger people’s lives because of its damaging effects on the mind and body. I. Narcotics Education A. Narcotics B. Kinds of Narcotics C. Characteristics and Medical Uses II. Narcotics Abuse A. Causes of Abuse B. Tolerance and Withdrawal III. Effects of Narcotics Abuse A. Effects on the Person B. Effects on the Family C. Effects on the Community IV. Treatment of Drug Abusesâ€Æ' INTRODUCTION Narcotics play a big role in the field of medicine. It hasRead MoreAnabolic Steroids Should Be Banned844 Words   |  4 PagesAnabolic Steroids are used to decrease inflammation and reducing the activity of the immune system. Steroid drugs are a class of synthetic compounds that act to mimic hormones that occur naturally within the human body. There are three types of steroids anabolic, androgenic and corticosteroids. Androgenic steroids and corticosteroids are used to treat many medical conditions. Anabolic steroids can also be used to treat medical conditions but those are also the kind that are often abused by some athletesRead MoreSubstance Abuse And Addiction : A Meta Analysis1711 Words   |  7 Pagespsychologically. When reformed, dependency settles in where abuser may have trouble living everyday life without substance sustaining abuser to tolerate the remainder of the day. In the journal article Deficits in Behavioral Inhibition in Substance Abuse and Addiction: A meta-ana lysis authors Smith, Mattick, Jamadar, Iredale stated â€Å"The results are generally consistent with the view that substance use disorders and addictionlike behavioral disorders are associated with impairments in inhibitory controlRead MorePrescription Drug Abuse And Its Effects952 Words   |  4 Pagesâ€Å"Prescription drug abuse is the use of a medication without a prescription, in a way other than as prescribed, or for the experience or feelings elicited.† Prescription Drugs are ranked number two in drugs abused (Volkow 7). The most common prescription drugs abused are opioids, central nervous system depressants, and stimulants. Opioids were meant to treat pain. CNS depressants are meant to treat sleep disorders and anxiety. Stimulants treat sleep disorders, narcolepsy and ADHD (unknown 8) What

The Start of Sociological Issues Today

The Start of Sociological Issues Today Nonetheless, there are many criticisms against boarding schools citing sociological and mental problems. The ASA maintains the Code might be interpreted differently based on the qualities of a particular circumstance. The Unexposed Secret of Sociological Issues Today Public schools which do not receive high standardized test scores aren't being funded sufficiently to actually reach the utmost level of education their students ought to be receiving. The economy plays an important role in social issues that affect students and schools. As shown by a study performed by the Georgetown Center on Education and the Workforce, women will need to earn an additional degree to be able to possess the exact same salaries as men. Most colleges provide sociology majors. The Little-Known Secrets to Sociological Issues Today Society must tackle the underlying issues which make children carry weapons. Many wrongly think that the mentallly ill are more inclined to commit crimes. The Great Depression led to a rise in crime and the beginning of our country's prison overcrowding crisis. It isn't possible that each individual has the ideal body. There are lots of young people around who do not desire to accept things as they are. If a woman becomes angry, she's accused of having PMS, but if a man becomes angry, then it's viewed as normal and he is simply blowing off steam. Because it's a woman from a class that you've had uncomfortable experiences with. A History of Sociological Issues Today Refuted There is a particular fragility of revenue and social position in France. The problem is that all these of the players don't have anything to lose because they are frequently caught as soon as they have entered professional sports, so they can't be punished as severely. How another nation addresses the problems of a developing nation may influence its relationship with that nation and the remainder of the world for many years to come. As a consequence, social issues can be raised by the unequal distribution of funding between public schools, including that seen in the United States of america. Conflict theory doesn't consider population growth to be a significant problem. In reality, a minumum of one study showed using lockup quotas. The Basics of Sociological Issues Today Drugs are at times the reason behind social difficulties. Reasons for Dog Separation Anxiety There are lots of explanations for why a dog has separation anxiety problems. Privacy has emerged as an intriguing concept in the present digital age. Gender roles are an intricate thing. Health status is a clear measurement of socio-economic status. If there are not any key problems, gradually separate it longer. There are certainly many possible problems, trends, and events from which to pick. There are lots of key ideas which make up economic sustainability. Technology can dramatically alter the company environment, overnight. B asically, the help desk that numerous organizations have today is thought to be a sort of consumer support. The Hidden Truth About Sociological Issues Today Such growth creates crowding and can use up valuable resources like food, and it could also harm the surroundings. Although the government faces many problems as it implements the program over the span of several decades, it's an essential improvement since increasing the caliber of our education is essential to our country's success. Some emerging studies suggest that the wellness benefits might be the very same for grape juice and wine. Then there are the wellness concerns.

Auditing Standards of ABC Learning Centre †MyAssignmenthelp.com

Question: Discuss about the Auditing Standards of ABC Learning Centre. Answer: Introduction ASA701 defines key audit matters (KAM) as the financial reporting aspects that an auditor in his professional capacity and judgment considers crucial while conducting audits of financial statements for a particular fiscal year (Azim, 2013). In most cases, KAM are determined based on previous concerns and suggestions provided by the current company governance (Cordos, and Flpa, 2015). Recent studies have defined ISA 701 as a mandatory audit documentary for complete financial statements sets of the given entities (Champlain, 2003). Usually, ISA70 is applicable in situations whereby the law or available regulatory platform expects the auditor to communicate KAM within his or her report (Xu et al., 2011). Regulators in most American nations need this kind of communication of KAM in their auditors report. Auditors of public sector entities are also expected to communicate KAM during thepreparation of their audit reports (Azim, 2013). The importance of communicatingkey audit matters in the auditors report is enhanced by the collapse of ABC Learning Centers. Necessity of Auditing according to ISA 701 Key Audit Matters (KAM) It is necessary for any firm or organization to perform an audit of their financial statements. Provision of accountability is among the reasons that necessitate auditing. As per ISA 701 when thebusiness grows large, there is need to keep track of who is accountable for the different operations being conducted. This is necessary especially when stockholders are onboard, and accountability is highly required. At such a point, managers are expected to ensure that they are updatedin order to provide more accurate reports (Chapman, 2004). Provision of reliability is another reason as to why there is need to perform auditing. Financial institutions, the tax office, and management will always attain significant benefits through conducting anauditin their financial statements. With a self-governing financial audit, financial firms can rely on the accuracy of the data provided in an auditing report based on analyzed data. Financial auditing offer assurance among organizations. Just like any other process, no audit can promise 100% accuracy and assurance. In all auditing work, a certain level of reasonable assurance must be obtained through conducting an audit with due diligence. This saves financial firms from re-calculations or correction of their misstatements (Chapman, 2004). In such a case, firms will have peace of mind which onlya few other checks or protocols can promise. Through financial auditing, financial firms are presented with a complete report of their annual achievements. A small but very critical detail involves the fact that audit offers a report based on nature and shape of any given business. Among the most valuable factor to consider in this case is that, its often what is not reported which makes all the difference (Conklin, 2004). Having complete records is an indication that, anything happening in the firm will be updated automatically. Financial auditing offers firms with the power of feedback. When it comes to business protection, financial experts state that there is need to prevent than cure. If an individual is not aware of any potential issues, they will have no power to fix them. In any financial firm, an auditing process boosts both their credit rating and value. Both regular, as well as continuous auditing of financial statements,is termed as an attractive part of any organization. Financial auditing is highly necessary for individuals such as creditors, lenders, and investors (Conklin, 2004). In other words, financial auditing helps financial firms in stabilizing credit rating of their business. It also offers an effective assurance to would-be investors as well as keeping national and central banks on the safe side. Auditing issues Auditing issues that led to the collapse of ABC Learning Centers relate to the auditors inability to obtain appropriate audit evidence, failure to support the opinion that ABCs financial report did not have material misstatements, failure to deal with identified risks by developing auditing procedure stipulated by auditing standards and inability by Mr. Green- the appointed auditor to use his scepticism and professional judgement when auditing the financial reports of ABC. Various auditing issues characterized the unfortunate collapse of ABC Learning Center. Among the auditingissues which facilitatedthe collapse of ABC leaning Centre, is accounting principles. A large percentage of the acquisitions made by ABC Learning Center were based on licenses of other childcare institutions as well as huge amounts of goodwill (Sumsion, 2006). As a result, this firm was unable to control the high debts facing it. At the start of the 2006/7 financialyear, total goodwill amounted to a total of A$37.4 million while child care licensesamounted to A$647.6 million. As time went by, goodwill shifted to A$271 million while licenses increased to A$2.4 billion during the end of FY2007/8 (Elder, Beasley and Arens, 2010). After its collapse, all of the firms intangible assets were declared worthless (Kruger, 2017). Another auditing issue was identified in the reporting of high rates of debt on ABC financial statements. Throughout the year 2007, ABCs liabilities remained constant. High rates of debts served as a challenge towards achieving its target mission. As a result, this contributed towards the collapse of the firm. In December 2007, more than A$1.1 billion in debt was transferred from current to non-current liabilities, as a result of refinancing. ABC lacked sufficient auditing which could be used to monitor increment in total liabilities. ABCs lenders were mainly comprised of leading banks (Elder, Beasley and Arens, 2010). During 13th, June 2007, ABC was forced to finalize a syndicated bank facility with a total cost of approximately A$1.48 billion. During the first-half of FY2007/8, profit obtained had already fallen by around 42 percent. This was said to have occurred due to one-off-charges, as well as covenants for debts which amounted to around A$1.2 billion. Since it was already heading to trouble, ABC strained to renegotiate a loan agreement with established bankers. A complete failure or turnaround was encountered after rejection by the banking-syndicate. High Operating cash flow served as a key factor towards thefailure of ABC Learning Centre. ABC was unable to generate sufficient operating cash flow to cater for its interest, suppliers, salaries as well as dividends. Although the firm profits are said to have been increasing at a constant rate, over the last fewyears, it reached a point where it recorded a continuous negative profit in its financial statements (Foran, Olson and Reed, 2005). At such a point, the company ran out of cash which in turn lead to failure and closure. It was later recognizedthatsome of ABCs directors and Groves pledged most of their shares to borrow money. After a short time span, the share-price plummeted which in turn forced them to sell shares at rates of 5.6 percent of the corporation to satisfy their margin-calls. Such an attempt only worsened after flooding the share market which later pummeled the share-price further. The ABC case implies a form of forced sale of pledged-shares (Foran, Olson and Reed, 2005). Based on the above observation, fluctuation of share prices can result in a dramatic impact on the businesss stock-price. Other auditing factors which resulted in the failure of ABC include social, political as well as financial disasters. Based on social approach, the company lacked advert facilities to update the public on their services. Politically, the government showed no concern towards supporting ABC firm. At some point, the firm needed aloan to boost its services, but the national government never cared. Current research has concluded that ABC used to face consistent financial disasters due to poor auditing (Geiger, 1993). Auditing lays down some of theareas which should be given priorities for the progress of the firm. Lastly, thepoor management system of the company served as the key factor for its failure. Poor management generates apoor outcome. Managers of this firm have been classified to be incompetent and responsible for its failure. They were unwilling to perform an audit to gauge their financial achievement. Development of ISA 701 The main and critical role of AuditingStandard ASA 701 involves Communicating Key Audit Matters in the Independent Auditor's Report. Current researchers have concluded that the main purpose of having an auditing Standard is to ensure consistent representation of the Australian equivalent of ISA 701. The introduction and implementation of ASA 701 illustrate more on AUASBs commitment to conform with the current enhancements based on auditor reporting which was put in place by the International Auditing and Assurance Standards (Montgomery, 2013). The following are some of issues and needs which facilitated implementation of new auditing Standards ASA 701. Another issue that led to thedevelopment of ISA 701 is the need to mandate and facilitate the communication of KAM within the scope of auditors reports of audits based on the existing as well as listed entities. Moreover, the new standards aimed at enabling as well as assisting auditors of other entities when deciding on how to include KAM within their auditors reports. The factor which drove theestablishment of these new standards involved issuing guidelines on how the auditor determines KAM. KAM layout as indicated in the new standards was based on the determination of both matters communicated as well as those charged with governance (Montgomery, 2013). In other words, communicatedmattersare defined as those matters which needed significant auditor attention. The rapid increase in cases of financial firms collapsing facilitated changes and implementation of new auditing standards. In such a case, the new auditing standards covered areas of higher assessed risk among other critical auditor judgments. Additionally, the new standards catered for areas to do with significant management judgments as well as effects of significant firm events and transactions. Moreover, there was aneed to give a description based on how to determine the most important matters. Issues to do with how the auditor should describe each of individual KAM were brought in place. As a result, there was aneed to lay down new standards to cater for the implementation of each independent KAM within a given financial firm. Lastly, there was aneed to highlight more on circumstances as well as areas which were to be in place in order to determine or give an alternative approach in case KAM standards are not addressed or communicated in the auditors report. Additionally, all existing, as well as new changes, should conform and agree with the Australian regulatoryenvironment. New changes made to the firm financial auditing standards should be easily and capable of enforcement. The auditing process should possess a clear focus on public-interest and should be ofutmost quality. Carson, Fargher, and Zhang (2016) note that it is a mandatory to involve both the International Standards on Auditing (ISA) and the Assurance Standards Board (IAASB) Key Audit Matters Among some of thecauses which lead to this financial crisis within ABC involvefinancial statements misrepresentation, themarket for the credit default swaps, complex company structure, unethical behavior and practices of top managers, and lowauditing standards set by Lehman-Brothers. The process of financial auditing should be based on the above factors in order to prevent firms from running into financial crisis. Within ABC we had theexistence of testimonials which advocated that the misrepresentation among the ABC Learning Centerstopmost managers. At some point, researchers have concluded that the collapse of ABC was due to dishonor as well as disagreement with the Sarbanes Oxley-Act. This auditing standard recognized requirements as well delivered application and other descriptive materials as per the auditors reporting which was put in place by the international Auditing and Assurance-Standards Board. The ABC Learning Centre should have complied with these regulations by mandating and ensuring consistent KAM communication throughout their auditors reports based on the listed entities (Foran, Olson and Reed, 2005). In such a case, ABC Managers should have enabled auditors of other entities in coming up with decisions based on if to include KAM within their auditors report or not. In such a situation, the auditor would be responsible for determining KAM for the ABC Firm by reaching a decision based on earlier matters communicated with new charges on the governance (Ricchiute, 2006). These are matters which needed more significant as well as critical auditors attention. Auditors, in this case, would have been responsible for determining and reaching a conclusion based on thesignificant matter for inclusion in the auditors report. In our case, the auditors from ABC Learning Centre documentation didnt possess similar requirements as expected by KAM principles. Recommendations Based on the above analysis of ABC Learning Centre, I would recommend new changes in auditing standards. The changes should be in a manner that firm managers easily understand them. Firms should also think of hiring independent auditors in order to prevent theoccurrence of any future financial disasters. Independent auditors will serve as a monitoring tool in facilitating firms towards achieving their set goals. In a view to avoiding confusion, new auditing changes should conform with the KAM principles. Conclusion In conclusion, firms should think of implementing financial auditing as their daily activity. Firms with high rates of auditing have shown to have a high number of investors. In other words, theprofitability of any firm goes hand in hand with rates of auditing. Firms with high numbers of investors have high chances of attaining profits as compared to firms with alesser number of auditors (Ricchiute, 2006). If auditing of financial statements had been well addressed within organizations such as ABC Learning Centre among other firms, we would not have cases of firm failure or collapse. References Arens, A.A., Best, P., Shailer, G., Fiedler, B., Elder, R.J. and Beasley, M., (2007).Auditing and assurance services in Australia: an integrated approach. Pearson Education Australia. Asic.gov.au. (2017). 12-186MR Former ABC Learning Centres auditor prevented from auditing companies for five years | ASIC - Australian Securities and Investments Commission. [online] Available at: https://asic.gov.au/about-asic/media-centre/find-a-media-release/2012-releases/12-186mr-former-abc-learning-centres-auditor-prevented-from-auditing-companies-for-five-years/ [Accessed 19 Sep. 2017]. Azim, M.I., (2013). Independent Auditors Report: Australian Trends From 1996 to 2010.Journal of Modern Accounting and Auditing,9(3), p.356. Carson, E., Fargher, N. and Zhang, Y., (2016). Trends in auditor reporting in Australia: A synthesis and opportunities for research.Australian Accounting Review,26(3), pp.226-242. Champlain, J., (2003). Auditing information systems. Hoboken (NJ): J. Wiley. Chapman, G., (2004). CLERP (Audit Reform Corporate Disclosure) Bill 2003. Canberra: Commonwealth of Australia. Conklin, G., (2004). Audit committee workshop. New York: Practising Law Institute. Cordos, G.S. and Flpa, M.T., (2015). Understanding audit reporting changes: introduction of Key Audit Matters.Accounting and Management Information Systems,14(1), p.128. Elder, R., Beasley, M. and Arens, A. (2010). Auditing and assurance services. Boston [Mass.]: Pearson. Foran, M., Olson, J. and Reed, S., 2005. Audit committee workshop (2005). New York, NY: Practising Law Institute. Governance For Stakeholders. (2017). The ABC of a corporate collapse. [online] Available at: https://governanceforstakeholders.com/2012/12/28/the-abc-of-a-corporate-collapse/ [Accessed 19 Sep. 2017]. Kruger, C. (2017). Lessons to be learnt from ABC Learning's collapse. [online] The Sydney Morning Herald. Available at: https://www.smh.com.au/business/lessons-to-be-learnt-from-abc-learnings-collapse-20090101-78f8.html [Accessed 19 Sep. 2017]. Montgomery, R., (2013). Auditing. [Place of publication not identified]: Theclassics Us. prezi.com. (2017). The Collapse of ABC Learning Centres. [online] Available at: https://prezi.com/xiirpxey5eu1/the-collapse-of-abc-learning-centres/?webgl=0 [Accessed 19 Sep. 2017]. Theaustralian.com.au. (2017). Ban slapped on ABC Learning auditor. [online] Available at: https://www.theaustralian.com.au/news/nation/five-year-ban-slapped-on-abc-learning-auditor/news-story/00525dc8af00cf00989f8e19d750a634?nk=b8d36bcf4fc22ca6b13f9d3ea333d015-1505829369 [Accessed 19 Sep. 2017]. Ricchiute, D., (2006). Auditing. Mason, Ohio: South-Western/Thomson Learning. Sumsion, J., (2006). The corporatization of Australian childcare: Towards an ethical audit and research agenda.Journal of Early Childhood Research,4(2), pp.99-120. Sumsion, J., (2012). ABC Learning and Australian early education and care: a retrospective ethical audit of a radical experiment.Childcare markets local and global: can they deliver an equitable service, pp.209-225. Xu, Y., Jiang, A.L., Fargher, N. and Carson, E.,( 2011). Audit reports in Australia during the global financial crisis.Australian Accounting Review,21(1), pp.22-31.

Cost Accounting Essay Example

Cost Accounting Essay Name: Course: Instructor: Date: We will write a custom essay sample on Cost Accounting specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Cost Accounting specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Cost Accounting specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Cost Accounting PART A: 1. Verify the overhead cost per unit reported by the consulting group using direct labour hours to assign overhead. Compute the per unit gross margin per product. Total overheads =$6,990,000 X-12S-15Production (kilograms)1,000,000200,000Selling Price$15.93$12.00Overhead Cost per Unit*$6.41$2.89Prime cost per Kg$4.27$3.13Number of Production Runs100200Receiving Orders4001,000Machine Hours125,00060,000Direct Labour Hours250,00022,500Engineering Hours5,0005,000Material Handling (number of moves)500400 Overhead table Setup Costs$240,000Machine Costs1,750,000Receiving Costs2,100,000Engineering Costs2,000,000Material Handling Costs900,000Total$6,990,000 Total OH= $6,990,000 Units produced: X-12= 1,000,000, S-15= 200,000 = 5:1 = 6,990,000/5= 1,398,000 Overhead allocation for the two products: X-12 = $5,592,000, S-15 =$ 1,398,000 2. Recompute the unit cost of each product using activity based costing. Compute the per unit gross margin for each product. Activity Based Cost per Unit Produced= total activity costs/ total number units for the activity. Total activity costs: †¢X-12=Prime costs +OH costs = $4.27+$6.41 =$10.68 †¢S-15= Prime costs +OH costs = $3.13+$2.89 =$6.02 Per unit Gross Margin: Revenues per unit: = units sold * selling price X-12= 1,000,000*$15.93=$15,930,000 S-15=200,000*$12.00=$2,400,000 Total Unit costs: X12=$10.68, S15=$6.02 X-12=$ (15.93-10.68) = $5.25, S-15=$ (12-6.02) =$5.98 Per unit profit margin for product X-12$5.25/15.93*100=32.97% Per unit product margin for unit S-15$5.98/12*100=49.83% Hence, a further increase in the price of S-15 would provide the entity with a greater profit as well as enabling the entity to increase its profitability through additional production of the commodity. As provided product, x-12 has lower profit margin per unit because of the great costs associated with the production process. However, such costs could be reduced in various ways by the management to increase the profitability form the product. 3. Should the company switch its emphasis from the high volume product to the low volume product? Comment on the validity of the plant manager’s concern that competitors are selling below the cost of producing compound X-12. The overheads of the product X-12 are reducing the profitability of the organisation. Some measures in terms of cost reduction could be established by the organisation in the specified production process. This would ensure an increase in revenues and profitability from the product. Furthermore, the product has higher demand than the S-15; hence, there is a need to ensure that the organisation would reduce the costs of production associated with the specified product. This would accrue economies of scale associated with the production process as well as organisational processes. 4. Explain the apparent lack of competition for S-15. Comment also on the willingness of customers to accept a 25% increase in price for this compound. The production processes of product S-15 are specialised requiring the need for special handling and labour to run the processes steps. Consumers are willing to accept the 255 increase in the purchase price of this commodity as it is scarce in the market. The scarcity of the product S-15 is due to minimal presence of manufacturers in this product making of S-15. Hence, they are willing to accept the product at any price, as they understand the speciality procedures sued in making the product. 5. Describe what actions you would take based on the information provided by the activity-based unit costs. As an organisational executive, I would ensure an increase in the price of the product S-15 to ensure that the product reduces the costs of product X-12. In addition, I would also ensure that the organisation increases sales in relation to the demand of product X-12 by reducing the overhead costs of the product. The overhead costs have increased costs of making of the product. The product X-12 does not require any form of specialised production process, which translates to the presence of irrelevant costs in the production processes that could be reduced o r done away with to increase the profitability of the organisation from the sale of the product X-12. PART B: Direct Materials$9.00Direct Labour3.00Variable Overhead2.50Fixed Overhead4.00Total$18.50 1.?Cost to buy goods (CTB) =Volume * supplier’s landed costs Cost to make product (CTM) = fixed costs of making product+ (Per unit direct cost of making) The differences in the results of the tow methods lead to a conclusion of either making or purchasing the goods. If the values of CTB are lesser than the values of CTM, then it is favourable to purchase form other manufacturers instead of making the goods. †¢ Z911=40,000 units annually Total costs of production of units produced annually = 40,000*$18.50=$ 740,000 Total overheads per unit of production = 2.50+4.0 =$6.50 Total Overheads fro all the units produced annually= $ 6.50* 40,000= $260,000 Total fixed costs= Cost To Buy = 40,000 unit * cost of purchase = $16 =40,000*16= $640,000 Cost to make product (CTM) = fixed costs of making product+ (Per unit direct cost of making) Total fixed costs Direct materials=9.00 Direct labour = 3.00 Fixed OH= 4.00 Total costs= $16.0 2. Hence, the organisation could be better off to make the purchase the product from other manufacturers as they are able to ensure that the there are cost reductions in terms of labour and from the operation of the line of production. 3. This would save the entity $88, 000 in costs, which can be used for other purposes in the organisation or production processes. PART C: Essentially management accountants are tasked with ensuring that the information they provide is relevant and precise for the numerous organisational purposes of such information. In addition, the complexities encountered in the allocation of costs in the production process require specialised skills of management accountants to arrive at succinct and precise information about the costs in the various production processes. Cost accounting has been in focus since the advent of the industrial revolution, as the production process became complex as well as separated form control issues in the organisation. Hence, management accountants are tasked with ensuring that the entity acquires adequate information in terms of the costs related to the production processes for eventual allocation of resources by the management. The core activities revolving around the roles of management accountants include participation in planning in both strategic and operational levels that involve the establishment of regulations and policies in the budget making policies. Hence, they are greatly involved in the allocation of costs to the various production processes in a plant as well as other activities that aid in running of the entity. Management accountants are accustomed to the evaluation of stocks, as well as the preparation of monthly reports on such issues in the organisation that forms part of the cost and management accounting roles in any organisation. Such ensures that the entity evaluates the profitability levels, as well as the growth of the shareholder’s equity. In essence, this enables managers to understand the various fundamentals, which have a role in the share value of the organisation. In addition, other roles are evident from the examples; the management accountants are tasked with ensuring that there are changes in terms of the perspectives of view of the various costs in the organisation. Fundamentally, they are tasked with informing the organisation of the profitability of some production processes. In addition, such provides management with the view of making decisions such as the make or buy decisions commonly found in manufacturing entities. Ensures that entities are able to put a balance between the qualities of products and consumer satisfaction as well ensuring the profitability of the organisation form the production processes.

Free Essays on Viking

The Viking age has long been associated with unbridled piracy, when freebooters swarmed out of the northlands in their longships to burn and pillage their way across civilized Europe. Modern scholarship provides evidence this is a gross simplification, and that during this period much progress was achieved in terms of Scandinavian art and craftsmanship, marine technology, exploration, and the development of commerce. It seems the Vikings did as much trading as they did raiding. The title "Viking" encompasses a wide designation of Nordic people; Danes, Swedes, and Norwegians, who lived during a period of brisk Scandinavian expansion in the middle ages, from approximately 800 to 1100 AD. This name may be derived from the old Norse vik(bay or creek). These people came from what is now Denmark, Sweden, and Norway, and had a self-sustaining, agricultural society, where farming and cattle breeding were supplemented by hunting, fishing, the extraction of iron and the quarrying of rock to make whetstones and cooking utensils; some goods, however, had to be traded; salt, for instance, which is a necessity for man and cattle alike, is an everyday item and thus would not have been imported from a greater distance than necessary, while luxury items could be brought in from farther south in Europe. Their chief export products were, iron, whetstones, and soapstone cooking pots, these were an essential contribution to a trade growth in the Viking age. The contemporary references we have about the Vikings stem mainly from sources in western Europe who had bitter experiences with the invaders, so we're most likely presented with the worst side of the Vikings. Archaeological excavations have shown evidence of homesteads, farms, and marketplaces, where discarded or lost articles tell of a common everyday life. As the Viking period progressed, society changed; leading Chieftain families accumulated sufficient land and power to for... Free Essays on Viking Free Essays on Viking The Viking age has long been associated with unbridled piracy, when freebooters swarmed out of the northlands in their longships to burn and pillage their way across civilized Europe. Modern scholarship provides evidence this is a gross simplification, and that during this period much progress was achieved in terms of Scandinavian art and craftsmanship, marine technology, exploration, and the development of commerce. It seems the Vikings did as much trading as they did raiding. The title "Viking" encompasses a wide designation of Nordic people; Danes, Swedes, and Norwegians, who lived during a period of brisk Scandinavian expansion in the middle ages, from approximately 800 to 1100 AD. This name may be derived from the old Norse vik(bay or creek). These people came from what is now Denmark, Sweden, and Norway, and had a self-sustaining, agricultural society, where farming and cattle breeding were supplemented by hunting, fishing, the extraction of iron and the quarrying of rock to make whetstones and cooking utensils; some goods, however, had to be traded; salt, for instance, which is a necessity for man and cattle alike, is an everyday item and thus would not have been imported from a greater distance than necessary, while luxury items could be brought in from farther south in Europe. Their chief export products were, iron, whetstones, and soapstone cooking pots, these were an essential contribution to a trade growth in the Viking age. The contemporary references we have about the Vikings stem mainly from sources in western Europe who had bitter experiences with the invaders, so we're most likely presented with the worst side of the Vikings. Archaeological excavations have shown evidence of homesteads, farms, and marketplaces, where discarded or lost articles tell of a common everyday life. As the Viking period progressed, society changed; leading Chieftain families accumulated sufficient land and power to for...

Film Assignment Example | Topics and Well Written Essays - 500 words - 1

Film - Assignment Example This movie will definitely be an extremely valuable content for inclusion in our course and it will immensely benefit the students in the understanding and adopting measures to combat the problem. Engaging the students with assignments based on the series will help them further in appreciating the complexities. This can prompt them to work on creating awareness about the problem in their families as well as communities and such measures can go a long way in preparing the society in a better way to encounter the issue. The Bogalusa Heart Study, touted as the first of its kind that autopsied children to find â€Å"evidence of heart disease,† confirms that 20% of them had fat deposits and also manifested high blood pressure and cholesterol level (Chaykin 2012). This also is the first scientific evidence that fat deposits â€Å"involved in heart disease† can be present in children (Chaykin 2012). The most unique fact is that it continued for over 40 years, following more than â€Å"16000 children† into their adulthood (Chaykin 2012). The study has further established that about 77 percent of the participants in the research are found to be obese as adults. Besides, it reveals that over 50% of Bogalusa children are obese, which is a matter of significant worry. Overall, this research has been the only one of its kind and can set an example for and guide future studies on obesity as well as other diseases. When the weight of a person increases, body fat accumulates around the middle and, as a result, changes occur in blood pressure and cholesterol levels. However, these changes may not be easily discernible for a person to understand it in the normal course. However, unattended, the problems may end up in cardio-vascular diseases and may cause death. More importantly, for the first time, the Bogalusa research shows that

Racism in the White Dog Film Assignment Example | Topics and Well Written Essays - 500 words

Racism in the White Dog Film - Assignment Example As demonstrated in the movie, â€Å"White Dog,† racism is seen to be a deep-seated issue in the society in which every race harbors some resentment against other races. The film was highly criticized across the United States for its racist views. The White Dog is a movie that demonstrates racial conflicts and disparities. At the beginning of the movie, actress Julie Sawyer finds a stray white dog that she takes gives treatment and goes looking for the owner. She is unsuccessful in tracing the owner hence she ends up having the dog with her. A rapist attacks Julie one night but the dog protected her. This makes Julie decide to adopt the dog despite the fact that her boyfriend was opposed to it. In advancing the racial theme, the dog happens to have been trained against the black people. In the process, it ends up killing a black truck driver as well as Julie’s colleague (Pearl 11). This demonstrates racial discrimination; the reasons for targeting only the blacks in a negative way reveal the black race in a bad light. Apparently, the dog was trained in order to attack black people that it came across. However, despite the dog being seen to be a racist or having been trained to be a racist, it goes further to save Julie from the hands of a rapist irrespective of their tribal affiliation. There is a variation in the perception of characters towards racial prejudice. Julie was one of the characters that outstood in developing an intervention towards the situation of the white dog. She realized that the dog had some training that did not go well with her expectations. This made her embark on looking for a dog trainer. The first one she meets is called Carruthers, who also harbors anti-racism thoughts hence he recommends that the dog should be killed.