Jaynet spends $50,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $115,000. However, she turned both jobs down to continue a painting career. If Jaynet sells 25 paintings per year at a price of $8,000 each:
a. What are her accounting profits?
b. What are her economic profits?
QuestionWelcome to the fourth case study for this course.
A recent California Commission of Police Officers Standards and Training article purports that it is time for criminal justice organizations to evolve to affectively meet the needs of the future.
Required Reading
Bayley, D. H. and Shearing C. D. (July, 2001). The New Structure of Policing: Description, Conceptualization, and Research Agenda. U.S. Department of Justice. Retrieved March 17, 2013 from https://www.ncjrs.gov/pdffiles1/nij/187083.pdf.
Case AssignmentDiscuss the forces or pressures that are precipitating the need for newer, contemporary and alternative management approaches in today’s complex criminal justice organizations. Identify those that warrant special consideration, and evaluate them in terms of potential effectiveness in today’s complex societal and budgetary needs.
Explain and support your views with reference to ideas from the background readings and any other relevant sources that you have found on the internet. I want you to use at least 3 different sources beyond those given in the Background readings, all of which should be annotated on your References page and cited within the body of your paper.
Keys to the Assignment
The key aspects of this assignment that should be covered in your paper include:
Examining what existing contributors influence the need for alternative management strategies in criminal justice organizations.Evaluating the need for criminal justice managers to modify their management style to meet the needs of the evolving criminal justice organization.Examining what influence societal and budgetary constraints and needs effect and affect criminal justice managers and their managerial style.
. WITH BEST NURSING TUTORS .
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Scenario A
Compute the break-even point in sales dollars if fixed costs are $200,000 and the total contribution margin is 10% of revenue.
Show the analysis in a table format. Write a one-paragraph interpretation of the information presented in the table.
Scenario B
Danny Company makes and sells stuffed animals. One product, Panda Bear, sells for $28 per bear. Panda Bears incur fixed costs of $120,000 per month and a variable cost of $12 per bear. How many Panda Bears must be produced and sold each month to break even?
Show the analysis in a table format. Write a one-paragraph interpretation of the information presented in the table.
Scenario C
Jerry is considering buying a company if it will break even or earn net income on revenues of $100,000 per month. The company that Jerry is considering sells each unit it produces for $5. Use the following cost data to compute the variable cost per unit and the fixed cost for the period. Calculate the break-even point in sales dollars. Should Jerry purchase this company?
Volume (units) Total Cost
8,000 $70,000
68,000 $190,000
Scenario C is more involved than the other three. HINT: You can use the high-low method to determine the fixed and variable portions of the total costs. See for example http://www.principlesofaccounting.com/chapter-18/behavior-analysis/ (from the optional resource in the background material).
Show the analysis in a table format. Write a one-paragraph interpretation of the information presented in the table.
SLP Assignment Expectations
Show computations in good format and explain answers as required. Excel is a great tool to make computations and present financial information in an easy-to-understand format. Write comments below the computations in Excel. Submit only the Excel file. Both content and the clarity of the presentation will be evaluated for grading purposes.
Sample Solution
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I have attached a screenshot of the area that are missing. I have attached the completed word document and excel. Please correct those documents.
Create an 8–10-slide PowerPoint presentation about the statistical results with recommendations to health system leadership and a 2–4-page executive summary that provides additional context to the results of data analysis.
The ability to translate analytic results into clear, concise, and actionable results is a vital skill for health care administrators. Because decision making is increasingly data-driven and evidence-based, managers are frequently required to formally present statistical results to leadership. Sometimes, decision makers differ as to how well they comprehend the information being delivered. Your job as a health care professional is to know how to distill and synthesize data analytics and present complex concepts in the pursuit of value, quality, and safety. You must be able to clearly communicate the results of your team’s data analysis that is both insightful and informative. How much your work is valued can depend heavily on how well the results of that analysis are articulated. Effectively communicating the results so the issues and recommendations are clear and explicit can greatly enhance the value of your analytic work.
Competency 1: Plan for data collection, measurement, and analysis.For this assessment, you will evaluate the approach of an analytics team and interpret and present statistical results to support a health care recommendation.
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