Production Possibility Frontier

Suppose that there are two products: clothing and soda. Both Brazil and the United States produce each product. Brazil can produce 100,000 units of clothing per year and 50,000 cans of soda. The United States can produce 65,000 units of clothing per year and 250,000 cans of soda. Assume that costs remain constant. For this example, assume that the production possibility frontier (PPF) is a straight line for each country because no other data points are available or provided. Include a PPF graph for each country in your paper. Chapter 5 of the Suranovic text is a good reference for this task.

Complete the following:

  • What would be the production possibility frontiers for Brazil and the United States?
  • Without trade, the United States produces AND CONSUMES 32,500 units of clothing and 125,000 cans of soda.
  • Without trade, Brazil produces AND CONSUMES 50,000 units of clothing and 25,000 cans of soda.
  • Denote these points on each COUNTRY’s production possibility frontier.
  • Using what you have learned and any independent research you may conduct, which product should each country specialize in, and why?

To assist in your thinking and discussion, additional questions to consider include:

  • What is the labor-intensive good?
  • What is the Marginal Rate of Transformation impact?
  • What is the labor-abundant country?
  • What is the capital-abundant country?
  • Could trade help reduce poverty in Brazil and other developing countries?

 

Paper must be 1000 words

Costing Methods and Ethical Decision-making

Costing Methods and Ethical Decision-making

 

Due: Friday 07 April 2017 at 21:00Hrs GMT 

 

 

 

Answer the following two questions in word document in APA 6th edition format. Your answer should not exceed 2 pages. Ensure you reference your sources.

 

 

1. Comparing Costing Methods and Ethical Decision-making

 

Read the scenario and respond to the questions below:

 

Stacy Lynn, Inc. (SLI) is a manufacturer of rice cookers. The rice cookers sell for $45 per unit; the sales were 3,600 units in the current year. SLI has 400 units available for sale at the end of the current year and is projecting sales of 4,400 units next year. SLI is planning the same production level for the current year as last year – 4,000 units. The variable manufacturing costs for SLI are $16 and the variable selling costs are only $.50 per unit. The fixed manufacturing costs are $100,000 per year and the fixed selling costs are only $500 per year. Assume that beginning inventory was zero (0).

 

Stacy Ann Lynn, the great grand-daughter of the company’s founder is the current CEO/President of the company, which is still a family owned business. The past several years have been especially difficult due to price-pressure from Chinese imports. At the moment, all that Stacy believes she can do is to try to keep the company running until the economy improves. But, the company needs an immediate infusion of cash. So, she has decided to ask her bank for a large line of credit to maintain operating viability for the foreseeable future.

 

Additional Financial Information for SLI

 

Based on the information provided in the narrative and the financial statement above, please post a substantive response to the following parts of this Unit 6 Discussion:

 

a.  If Stacy Lynn wants to show the bank the maximum profit over the previous 2-year period, which costing method should she present?

 

b.  The bank requires that all financial statements conform to Generally Accepted Accounting Principles (GAAP). Based on that requirement, which costing method should she present?

 

c. Based on the scenario for Discussion 1 in this unit, what are the legal and ethical issues facing Stacy Lynn?

2. Employee Compensation and Management Level Financial Control

 

Wages and salaries are a major component of an organization’s financial decision-making.

 

  • How might an organization craft compensation and other rewards if employees meet or exceed performance expectations, but discourage budgetary slack? Why or why not?

 

Case Study 1 Statistical Thinking In Health Care

Case Study:

 

Statistical Thinking in Health Care

Read the following case study.

Ben Davis had just completed an intensive course in Statistical Thinking for Business Improvement, which was offered to all employees of a large health maintenance organization. There was no time to celebrate, however, because he was already under a lot of pressure. Ben works as a pharmacist’s assistant in the HMO’s pharmacy, and his manager, Juan de Pacotilla, was about to be fired. Juan’s dismissal appeared to be imminent due to numerous complaints and even a few lawsuits over inaccurate prescriptions. Juan now was asking Ben for his assistance in trying to resolve the problem, preferably yesterday!

“Ben, I really need your help! If I can’t show some major improvement or at least a solid plan by next month, I’m history.”

“I’ll be glad to help, Juan, but what can I do? I’m just a pharmacist’s assistant.”

“I don’t care what your job title is; I think you’re just the person who can get this done. I realize I’ve been too far removed from day-to-day operations in the pharmacy, but you work there every day. You’re in a much better position to find out how to fix the problem. Just tell me what to do, and I’ll do it.”

“But what about the statistical consultant you hired to analyze the data on inaccurate prescriptions?”

“Ben, to be honest, I’m really disappointed with that guy. He has spent two weeks trying to come up with a new modeling approach to predict weekly inaccurate prescriptions. I tried to explain to him that I don’t want to predict the mistakes, I want to eliminate them! I don’t think I got through, however, because he said we need a month of additional data to verify the model, and then he can apply a new method he just read about in a journal to identify ‘change points in the time series,’ whatever that means. But get this, he will only identify the change points and send me a list; he says it’s my job to figure out what they mean and how to respond. I don’t know much about statistics — the only thing I remember from my course in college is that it was the worst course I ever took– but I’m becoming convinced that it actually doesn’t have much to offer in solving real problems. You’ve just gone through this statistical thinking course, though, so maybe you can see something I can’t. To me, statistical thinking sounds like an oxymoron. I realize it’s a long shot, but I was hoping you could use this as the project you need to officially complete the course.”

“I see your point, Juan. I felt the same way, too. This course was interesting, though, because it didn’t focus on crunching numbers. I have some ideas about how we can approach making improvements in prescription accuracy, and I think this would be a great project. We may not be able to solve it ourselves, however. As you know, there is a lot of finger-pointing going on; the pharmacists blame sloppy handwriting and incomplete instructions from doctors for the problem; doctors blame pharmacy assistants like me who actually do most of the computer entry of the prescriptions, claiming that we are incompetent; and the assistants tend to blame the pharmacists for assuming too much about our knowledge of medical terminology, brand names, known drug interactions, and so on.”

“It sounds like there’s no hope, Ben!”

“I wouldn’t say that at all, Juan. It’s just that there may be no quick fix we can do by ourselves in the pharmacy. Let me explain how I’m thinking about this and how I would propose attacking the problem using what I just learned in the statistical thinking course.”

Source: G. C. Britz, D. W. Emerling, L. B. Hare, R. W. Hoerl, & J. E. Shade. “How to Teach Others to Apply Statistical Thinking.” Quality Progress (June 1997): 67–80.

Assuming the role of Ben Davis, write a three to four (3-4) page paper in which you apply the approach discussed in the textbook to this problem. You’ll have to make some assumptions about the processes used by the HMO pharmacy. Also, please use the Internet and/or Strayer LRC to research articles on common problems or errors that pharmacies face. Your paper should address the following points:

  1. Develop a process map about the prescription filling process for HMO’s pharmacy, in which you specify the key problems that the HMO’s pharmacy might be experiencing. Next, use the supplier, input, process steps, output, and customer (SIPOC) model to analyze the HMO pharmacy’s business process.
  2. Analyze the process map and SIPOC model to identify possible main root causes of the problems. Next, categorize whether the main root causes of the problem are special causes or common causes. Provide a rationale for your response.
  3. Suggest the main tools that you would use and the data that you would collect in order to analyze the business process and correct the problem. Justify your response.
  4. Propose one (1) solution to the HMO pharmacy’s on-going problem(s) and propose one (1) strategy to measure the aforementioned solution. Provide a rationale for your response.
  5. Use at least two (2) quality references. Note: Wikipedia and other Websites do not qualify as academic resources.

Computer Security And Data Breaching

The head of the IT security department expressed her concerns about series of data breaches that occurred in the company and mentioned that many employees ignored their system security warnings.

You have been asked to provide a summary of information to the entire team about data breaches and suggest proactive and preventative measures for warding off viruses. Your presentation will be sent out to all company employees, so the information must be clear, concise, and informative.

To prepare your presentation, use your personal computer to perform the following tasks:

  • Identify whether you have an anti-virus software running on your machine and from which company.
  • Identify if a firewall is enabled on your machine and if you need Windows® firewall running in addition, if that anti-virus software is installed on your machine.

Include the following in your summary:

  • Definition of a data breach
  • Ways to determine if your system was infected with a virus
  • At least three preventive measures against data breaches, both physical or digital
  • Instructions on locating anti-virus and firewall software
  • Instructions on what to do if a virus has infected your computer

Choose one of the following options for your summary:

  • A 2- to 3-minute podcast using the software of your choice, such as Sound Recorder or Audacity to create your audio file and save as a MP3 or WAV.
  • A 2- to 3-minute video delivered as an MP4 or MOV file.
  • Infographic or visual diagram delivered as a PDF. You may use any Microsoft® Office product or free sites such as Piktochart, Easel.ly, or Canva to create an infographic.