Analysis Of One Flew Over The Cuckoos Nest - 1828 Words

Film Analysis Paper: One Flew Over the Cuckoo’s Nest Summery I The Story takes place in a state mental hospital in Oregon, 1963. 38 year old Randel Patrick Mc Murphy â€Å"Mac† played by Jack Nicholson is being transferred from a prison work farm to the hospital for mental evaluation. Mac is trying to avoid the work required by his sentence of statutory rape of a 15 year old girl by claiming (he is a marvel of modern science) insanity. The hospital is overseen by Nurse Ratched, who according to Mac â€Å"does not play fair†. She has a dominating personality with a passive aggressive way of handling the patients. Her humiliation of the patients combined with her senseless control bring her and Mac to a test of wills that challenges each other throughout the movie. Mac makes friends with the other patients and soon he is looked up to and seen as the leader of the group and a father figure. His group is made up of some very strong well developed characters like Cheswick, childlike tantrum thrower, Mr Harding (Hard on), an i ntellectual man struggling with his own sexuality, Billy, a stuttering very insecure young man, Martini, always smiling and very simple minded, and Chief, an enormous Indian who everyone is fooling everyone into thinking he is deaf and dumb when in actuality he is normal. Throughout the film Mac and Ratched bump heads while trying to achieve the goal of making everyone think he is insane. By trying to prove this he refuses to â€Å"sit there like a vegetable†, so heShow MoreRelatedAnalysis Of One Flew Over The Cuckoo s Nest1179 Words   |  5 PagesOne Flew Over the Cuckoo’s Nest Essay: Power Dynamics In The Cuckoo’s Nest â€Å"She aint honest †¦ She likes a rigged game† (Forman One Flew Over The Cuckoo’s Nest Film). Power can be used as a source of evil or heroism. It has the capacity to control and manipulate people. However, it also has the capability to champion freedom and rights for others. In the novel One Flew Over The Cuckoo’s Nest, Nurse Ratchet’s controlling power came from her ability to emasculate the male patients and maintain a sexlessRead MoreAnalysis Of One Flew Over The Cuckoo s Nest 1038 Words   |  5 PagesChief Bromden is the main character in One Flew Over The Cuckoo’s Nest. Chief Bromden, also know as â€Å"Chief Broom† is mentally ill in a mental ward. Chief suffers from Schizophrenia, lack of identity, and oppression. Chief Bromden changes throughout the novel by coming out of his fog, becoming aware of his surroundings, and even leaving the mental ward with the help of his friend Mcmurphy. Chief bromden has a large quantity of schizophrenic episodes throughout the book. He suffers fromRead MoreAnalysis Of One Flew Over The Cuckoo s Nest 1734 Words   |  7 PagesAbigail Dempsey HAP 315 October 29, 14 Shaw-Sutherland One Flew Over the Cuckoo’s Nest In this book written by Ken Kesey, the main character is a man named R.P. McMurphy who tricks people into thinking that he is a psychopath. To McMurphy, the asylum is a get out of jail free card, which quickly turns out to be something else entirely. However, one vital aspect of this book is the way in which it addresses and provides insight upon several contemporary issues relating to the American healthcareRead MoreAnalysis Of One Flew Over The Cuckoo s Nest970 Words   |  4 Pages Major Assignment #2 Psychological Disorders The Movies Movie Title: One Flew Over the Cuckoo’s Nest PSY 2100 Introductory Psychology Student Name: Caijuan Xu Student No. 040785683 Algonquin College 2015.11.19 â€Å"One Flew Over the Cuckoo’s Nest† is a famous USA movie at November 19, 1975. This movie talks about when Randle Patrick McMurphy was transferred from prison farm to a mental institution, a group people who were diagnosed with mental illness lived here. McMurphy was dynamicRead MoreAnalysis Of One Flew Over The Cuckoo s Nest 1306 Words   |  6 PagesBenjamin Wiki - Conformity Intro â€Å"Conformity is behaviour in accordance with socially accepted conventions.† - One Flew Over the Cuckoo’s Nest The novel is set in the 1960’s inside a mental institution told by a patient, Big Chief Bromden and can be seen as a miniature mirror of society. The wards society is presented as a machine, called the Combine, that makes everyone conform to its strict rules and timetables. All individuality is taken away from the patients, and the happy feelings areRead MoreAnalysis Of One Flew Over The Cuckoo s Nest 943 Words   |  4 PagesThe Subversion of Gender Roles in One Flew Over the Cuckoo’s Nest In today s society, as well as in the past, men are typically placed in a position of power over women. Although gender equality is increasing, a more patriarchal society is considered to be the norm. However, in certain situations the gender roles that are played by men and women are reversed, and women hold most, if not all of the power. Such as in Ken Kesey s novel One Flew Over the Cuckoo s Nest, in this instance the ward is aRead MoreAnalysis Of One Flew Over The Cuckoo s Nest 1750 Words   |  7 PagesCaulfield As one is experiencing a life of alienation and loneliness, they may being to act uncontrollable while rebelling against their surroundings, one loses themselves as they feel different than everyone present. Alienation can force an individual to spiral into an abyss of nothingness, nonetheless if one allows others to reach out and inspire than it is possible to break away from the alienation and loneliness. Chief Bromden from the novel One Flew Over the Cuckoo’s Nest, written by KenRead MoreAnalysis Of One Flew Over The Cuckoo s Nest 845 Words   |  4 PagesOne Flew over the Cuckoo’s Nest is about a mental ward, its patients, and the head nurse, Nurse Ratched, a sadistic woman who overpowers her patients by making them feel small, incompetent, and incapable of belonging to society in a normal manner. Two of the patients, Billy Bibbit, a shy and fearful man with a bad stutter, and R. P. McMurphy, a very smart and outspoken man, each play a big part in the movie. T hey are both examples of wrongful treatment within the institution. In the end, Billy commitsRead MoreOne Flew over the Cuckoo Nest Critical Analysis1633 Words   |  7 PagesOne flew over the cuckoo nestâ€Å"One Flew Over the Cuckoo’s Nest† The film â€Å"One flew Over the Cuckoo’s Nest† accurately depicts and presents the various psychological issues, such as the use of psychosurgery, institutionalism inside the psychiatric hospital and the medical and societal attitudes towards patients during the 1960s. Set in 1963, the film uses characters – patients and authority figures alike – and setting to accurately depict various aspects of psychological treatments, theories and conceptsRead MoreAnalysis Of One Flew Over The Cuckoo s Nest 2935 Words   |  12 PagesKesey highlights two distinctions between the roles of women in his novel ‘One Flew Over The Cuckoo’s Nest’. He places women in two categories, the ‘Ballcutters’ and ‘Whores’ . The ‘Ballcutters’ are presented to have a dominant role over the men within the ‘Combine’ and challenges their masculinity, resulting in them being personified as machines. This is demonstra ted when Bromden describes the ‘tip of each finger the same colour as her lips. Funny orange. Like the tip of a soldering iron’ of Nurse

Business Proposal Free Essays

Business Proposal Melissa Wojciehowski ECO561 March 14, 2013 Ed Hartman Business Proposal Thomas Money Service (TMS) Inc. opened its doors in 1940 with the primary purpose of supplying the average household with loans for everyday needs. Since its origination, the company’s success has spawned an expansion including business loans, business acquisition financing, and commercial real estate loans. We will write a custom essay sample on Business Proposal or any similar topic only for you Order Now In 1946 Thomas merged with Future Growth Inc. , an equipment financing company. The merger proved to be a smart move for TMS as they became a viable reckoning force within the forestry and construction industries. From the beginning to mid-2005 TMS proved to be a very successful company and relished all its stature. Like many businesses, TMS experienced drastic losses in stock values because of the economy, and resulted in the need to lay off some of its employees. Natural disasters such as flooding, forest fires, animal activist protesters, and the recent economic crisis were reasons TMS experienced a loss in sales in previous years. The purpose of this proposal is to present suggestions on how TMS can increase revenue, achieve production levels, determine how costs can be attuned to maximize profits, suggest a mix of pricing and non-pricing strategies, and create barriers to entry into the market if possible. This proposal will also look into ways on how the company can increase product differentiation, and if there is other means to minimize the cost for the product. Increasing Revenue Because of the recent decrease in sales, TMS should first consider the marginal revenue and cost profit maximizing guide to determine whether there significant profit will produce to validate producing building and forestry equipment. Based on data gathered, after completing the analysis it proves that the marginal revenue exceed the marginal cost proving that no more would be added to cost than to revenue. If profits are maximized, prices need to be in excess of the average total cost where (P=MC output) as prices are kept at the equilibrium point to maximize revenue. Consumers need a production differentiation because this reflects on the demand of the product. Advertising is a strong marketing tool used to show the public what FGI can offer, not just price wise, but when comparing the quality between competing parties. Thomas Money Inc. can also incorporate its employees into the plan by enhancing customer service and drawing on the idea of expanding into the building of the medical industry. Thomas Money Inc. can also increase revenue by finding new ways to improve the production levels. Because the company manufactures its own brand of forestry and building , they have an advantage over their rivals because they can brand, patent, or license its own products. Investing in companies from within the medical industry, a new focus can be placed on the construction of nursing homes and hospitals that will also assist with increasing revenue. Reducing prices and a strong advertising campaign are ways the company can increase demand for its product in turn boosting levels from revenue to production. Maximizing Profits Thomas Money Inc. as the potential to maximize profits, especially after the information stated that marginal revenue exceeds marginal costs. Increasing revenues and limiting variable costs are the primary motives for the company therefore FGI will need to shift from its consumer targeting from new equipment to used equipment. By focusing on the used equipment and liquidating the repossessed units will generate an increase to marginal revenue since the variab le costs for those units do not exist. The company does not have to stop producing new equipment, but the level of new production need to follow the economic condition and markets to retain normal profit. In calculating the data provided additional revenue can be achieved by integrating resource and production efficiency. In using a series of short-run production analysis and application techniques FGI can maximize profits using the total revenue and total cost approach. With total revenue of $2,600 and total cost of $1,050, it produces an economic profit of $1,550 before the law of diminishing returns begins to affect it negatively. Fixed costs maintain the same output level and variable costs fluctuates at each level increasing at more than $50 dollars, it is recommended that the company look into the cost of advertisement. Although it is a much needed source to increasing revenue and production levels, there need to be another alternative to advertising during the super bowl events especially since it is very costly during that event. Other methods of advertisement can be in the form of newspaper ads, and local TV channels. Creating Price, Non-price strategies and barriers to market entry In every market the primary goal for companies is to sustain or increase profitability, especially during a slow-down of the economy. Ways of doing so is by limiting marginal costs of production and maintain a fair or comparable market selling price to keep consumers from buying from other rivals. As companies incur marginal cost of producing, it triggers a trickling effect where those costs are transferred into the market price that in turn is believed by the consumers. The result is a decrease in consumer demand for the product which creates a loss in profits for the company and consumers looking at other companies for similar products or substitutes. When considering pricing strategies, consumer expectations must be considered. Pricing should be set based on several factors such as geographical location, market segment, and economic conditions. Being flexible toward pricing policies change based on the dynamics of the market is the recommendation for the company. Non-price strategies and barriers to market entry are effective ways of sustaining economic profit and provide a higher potential for increased revenues and maximizing profits. Investing in research and development, becoming technologically equipped, and implement a strong consumer-oriented programs to substantiate the organizations appreciation and show organizational worth of those consumers expectations, demand, and wants. (McConnell) As mentioned previously, some barriers to entry should include patents for designs, copyrights, and branding of Thomas Money Inc and FGI within the current and future economic markets (McConnell) Product Differentiation and other cost saving measures Product differentiation is achieved by ensuring an entity’s products are established from all other organizations within the market, which includes establishing a product mix appropriate to Thomas Money Service Inc. and FGI’s goals and objectives. The improvement of equipment through research and development in the nursing and hospital market through merging, acquiring, or investing in other existing and reliable organizations validates a strong product mix across various market. Thomas Money Service Inc. nd FGI may reduce internal costs through various and simple methods that strengthens increase in revenue, profit maximization, sustaining applicable market pricing, establishing product, mixes and differentiation through high quality. Some cost saving measures includes establishing a strong purpose toward product improvement and eliminating unnecessary areas of productivity. Conclusion In summary, to sustain the goals of continuing to be a competitive and profitable co mpany this business proposal has considered the market conditions in which the company performs. The rate of success Thomas Money Service Inc. and FGI have maintained over the long years of performance provides the basis for the proposal made to increase revenue, employ profit maximization, establish product mix and differentiation, establish price and non-price barriers to market entry, and reduce costs. The design and strategic approach under the business proposal is to ensure the continuance, profitability, and stability of both Thomas Money Service Inc. and FGI providing a strong a basis for expansion, promoting growth, and development for future years respectively. How to cite Business Proposal, Papers Business Proposal Free Essays MAGALANG CHRISTIAN ECUMENICAL SCHOOL, Inc. Marbea Subd. , Sta. We will write a custom essay sample on Business Proposal or any similar topic only for you Order Now Cruz, Magalang, Pampanga In Partial Fulfillment for the Requirement in Technology and Livelihood Education IV Business Proposal â€Å"COCO KNOTS† Submitted by: Lean Carlo R. Gamboa Submitted to: Mrs. Alelie Sapnu-Duldulao Date submitted: February 4, 2013 I. Introduction The scientific name for coconut is Cocos nucifera. Early Spanish explorers called it coco, which means â€Å"monkey face† because the three indentations (eyes) on the hairy nut resemble the head and face of a monkey. Nucifera means â€Å"nut-bearing. † Coconut is highly nutritious and rich in fiber, vitamins, and minerals. It is classified as a â€Å"functional food† because it provides many health benefits beyond its nutritional content. The coconut palm is so highly valued by many as both a source of food and medicine that it is called â€Å"The Tree of Life. † The coconut provides a nutritious source of meat, juice, milk, and oil that has fed and nourished populations around the world for generations. Naturally refreshing, coconut water has a sweet, nutty taste. It contains easily digested carbohydrate in the form of sugar and electrolytes. Coconut water has less sugar than many sports drinks and much less sugar than sodas and some fruit juices. Plain coconut water could be a better choice for adults and kids looking for a beverage that is less sweet. I choose this business because coconut water is becoming popular nowadays. People also are becoming health-conscious and they pick coco water instead of sodas or other fruit juices. Coconut is also cheap and affordable. II. Objectives 1. To earn profit. 2. To gain knowledge about the nature of business. 3. To help people and give them satisfaction. 4. To promote coconut water/coconut juice. III. Management Plan Management is the act of managing, controlling or conducting a business. Organizational structure is under the management plan. These are the people who provide labor that receive salaries while the owner receives the profit. * Organizational Structure -FIGURE 1- * ————————————————- Owner: responsible for controlling or administering all or part of a company; activities and business dealings. * ————————————————- Cashier: responsible for the payments and receipts of the costumer. * ————————————————- Worker: responsible in producing the products that are for sale. Table 1: Salaries of the employees. Employees| Working Hours| Monthly| Yearly| Cashier| 9:00am – 7:00pm| P 5, 000. 00| P 60, 000. 00| Worker #1| 9:00am – 6:00pm| P 3, 500. 00| P 42, 000. 00| Worker #2| 11:00am – 8:00pm| P 3, 500. 00| P 42, 000. 00| Table 2: Time Frame Activities| Jan| Feb| Mar| Apr| May| Jun| Jul| Aug| Sept| Oct| Nov| Dec| Preparation of business| | X| X| | | | | | | | | | Negotiation of financing| | | | X| X| | | | | | | | Registration of business| | | | | | X| X| | | | | | Setting-up production| | | | | | | | X| X| | | | Start of business| | | | | | | | | | X| | | IV. Marketing Plan Marketing  is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It includes all the activities to develop a product and to move it from the producers to the consumers. Marketing can be divided into four categories called 4 – P’s: the product, price, place and promotion. * Product and Price ITEMS| PRICE| 1 Liter| P100. 00| 1 500 ml bottled coconut water| P55. 00| 1 250 ml bottled coconut water| P30. 00| 500 ml bottled coconut shake| P70. 00| 1 250 ml bottled coconut shake| P40. 00| * Channel of Distribution Schools/Students: 50% Office Workers: 20%Walk-in buyers: 30% Figure 2: Coco Knots will be located near the AUF School and Hospital. It is the best area for my business since my target clients/customers are mostly students and employees of nearby business establishments. * Place: In front of Angeles University Foundation and Hospital. * Promotion: First I will advertise my products online, we all know that the net is widely-use nowadays. I will put streamers, posters and tarpaulins along the roads and at highly-populated places. On my opening day, I will offer free 250 ml bottle coconut water for every purchase of 1 liter of coconut water or 500 ml of coconut shake. For the first 10 persons to buy two 500ml of coconut shake gets a free Coco. Knots notebook. V. Production Plan Production is the act of creating ‘use’ value or ‘utility’ that can satisfy a want or need. It is the process on how certain products has been made or produced. * Flow Chart: Figure 1. ————————————————- Buy ingredients and equipments in the market: buy all of the ingredients and equipments needed for the production of your products. 2. ————————————————- Cleaning and preparing equipments: clean the equipments that will be use. Arrange the equipments needed. 3. ————————————————- Set up store area: Check the store if it has defects. 4. ————————————————- Packaging: It will be packed and ready for selling. VI. Tables A) Income Statement COCO. KNOTS’INCOME STATEMENT| Gross Sales | | P1, 019,520. 00| Beginning Inventory| P0. 00| | Purchases | P693,000. 00| | Total cost of goods available for sale| P693,000. 00| | Less: Inventory End| P27,720. 00| | Total cost of goods sold | | P665,280. 00| Gross Profit on Sales| | P354,240. 00| Less Operating Expenses| | | Selling Expense| P 74,300. 00| | Salaries and Wages| P 144, 000. 00| | Total Expenses| | P 218, 300. 00| | | | Net Profit| | P135,940. 00| | ASSETS| LIABILITIES| Cash P478, 220. 00 | Advances from Parents P300,000. 0 | Equipments P30, 000. 00| | Inventory 27, 720. 00| Coco Knot’s Capital P 100,000. 00 Net Income P135,940. 00| | | Total Assets P535, 940. 00 | Total Liabilities and Prop. Capital P535,940. 00| | | . A) Owner’s Equity/ Proprietorship Assets – Liabilities = Owner’s Equity/Proprietorship ASSETS| LIABILITIES| OWNER’S EQUITY/PROPRIETORSHIP| P535,940. 00| P300,000. 00| P235,940. 00| How to cite Business Proposal, Papers Business Proposal Free Essays Customers can print cards for free, which means they don’t have to purchase the card in-store. It is my Job to provide an effective solution. Background Each employee must make a standard of 480 per week equaling out to 100% order filling, with an acceptance of 90% for the week. We will write a custom essay sample on Business Proposal or any similar topic only for you Order Now Fillers should also have no errors with an acceptance of one error per one hundred cards. All orders should be accurate according to the consumers pick list. We thought it would help the company if we had a way for customers to access cards via internet. Cards are free and you can design them yourself. They can be printed or sent via email. Proposed Approach and Work Plan In our first approach we will observe the fillers in this department to make sure that loitering is the only underlying issue. We do not have a problem with employees socializing, but there is a Job to be done. If our consumers are not satisfied with our delivery then that puts the company in a hard place. We are falling behind, which causes us to lose money. Employees must be able to complete the work required of them in order for our business to remain steady. The issue that we are having is not with all of the employees, but it is effecting everyone. Each filler will have to check their orders before taking them to the line. After the orders are placed on the line, a ICQ checker will recheck the order to make sure it is correct according to its specific pick list. Since the orders are being double checked there should be little to no errors. The point of checking the orders more than once is to cut down on the number of errors in each order. The way the employees are working will also be observed. I think it would be best if we put someone on the floor hey are unfamiliar with rather than their team leader or a supervisor. Most times when employees see authority they change their routine so that it is pleasing in the eyes of the supervisor. The person that we put on the floor will be able to observe them for a week. At the end of the week he/she will report to us and we will go further from there. Employees lack the training and development required to perform their Job duties to the high standards of their employer (Scott, 2014). If this is the case, it is the employer and human resource responsibility to produce an action plan to help the employee develop the skills necessary to improve Job performance (Scott, 2014). It is important that you address performance issues as they arise and pursue a progressive approach to discipline (Rutgers). If the report from our source reveal that loitering is the main issue, we will then conduct a department meeting. In the department meeting we will discuss the issue with the employees. We will also discuss how it is effecting the company. After the discussion, we will tell them the consequences of not performing their Job duties to the best of their ability. If tankard is not met in the week, they will receive a write up. After they receive three write ups the employee will be terminated. Disciplining employees is a difficult part of supervision and management (Rutgers). Our customers enjoy the Cards. I don’t feel we should stop the free services, but they should be limited. All of the cards should not be free. I know the goal is to draw in more customers, but the goal is also to make money. I think we should offer a certain amount of free Cards when the customers sign up and when they recommend the website to other people. I think if we take this approach we would ran more money. We may lose some customers, but I think in the end we would still profit. Conclusion The graph displayed is Just an example of the possible projections of our employees. The numbers are displayed as a single number but it is actually in hundreds. Each week their standard progresses. We hope the actual projections are better because these are Just average. Our goal is to make our consumers, customers and employees happy. In order to make this happen we need to work together. If we have employees that are willing to work and be productive, our company will continue to grow. Employee motivation is suppose to be a good way to get employees to do what you want them to do, according to Deed Parr. It is important to get to know your employees. Showing and being concerned about your employees motivate them, which produces better production. A strong and healthy work environment is always needed no matter what kind of business you are operating. When you find out what your employees interests are it is good to use them as positive reinforcement. The more personalized the incentive is the more motivation you will achieve and the greater the productivity (Parr, 2004). Unfit the company. Getting know your employees are important, but you do have those employees that are Just outright stubborn. You Just have those people that Just don’t want to work (Stone, 2014). It will be up to human resources to come up with some vital information to help with the interviewing of the potential employees. I believe that with proper information our employees will benefit as well as the company. I think we would also need to conduct an observation of the Cards on the website after the proposed changes. How to cite Business Proposal, Papers Business Proposal Free Essays Business Proposal Melissa Wojciehowski ECO561 March 14, 2013 Ed Hartman Business Proposal Thomas Money Service (TMS) Inc. opened its doors in 1940 with the primary purpose of supplying the average household with loans for everyday needs. Since its origination, the company’s success has spawned an expansion including business loans, business acquisition financing, and commercial real estate loans. We will write a custom essay sample on Business Proposal or any similar topic only for you Order Now In 1946 Thomas merged with Future Growth Inc. , an equipment financing company. The merger proved to be a smart move for TMS as they became a viable reckoning force within the forestry and construction industries. From the beginning to mid-2005 TMS proved to be a very successful company and relished all its stature. Like many businesses, TMS experienced drastic losses in stock values because of the economy, and resulted in the need to lay off some of its employees. Natural disasters such as flooding, forest fires, animal activist protesters, and the recent economic crisis were reasons TMS experienced a loss in sales in previous years. The purpose of this proposal is to present suggestions on how TMS can increase revenue, achieve production levels, determine how costs can be attuned to maximize profits, suggest a mix of pricing and non-pricing strategies, and create barriers to entry into the market if possible. This proposal will also look into ways on how the company can increase product differentiation, and if there is other means to minimize the cost for the product. Increasing Revenue Because of the recent decrease in sales, TMS should first consider the marginal revenue and cost profit maximizing guide to determine whether there significant profit will produce to validate producing building and forestry equipment. Based on data gathered, after completing the analysis it proves that the marginal revenue exceed the marginal cost proving that no more would be added to cost than to revenue. If profits are maximized, prices need to be in excess of the average total cost where (P=MC output) as prices are kept at the equilibrium point to maximize revenue. Consumers need a production differentiation because this reflects on the demand of the product. Advertising is a strong marketing tool used to show the public what FGI can offer, not just price wise, but when comparing the quality between competing parties. Thomas Money Inc. can also incorporate its employees into the plan by enhancing customer service and drawing on the idea of expanding into the building of the medical industry. Thomas Money Inc. can also increase revenue by finding new ways to improve the production levels. Because the company manufactures its own brand of forestry and building , they have an advantage over their rivals because they can brand, patent, or license its own products. Investing in companies from within the medical industry, a new focus can be placed on the construction of nursing homes and hospitals that will also assist with increasing revenue. Reducing prices and a strong advertising campaign are ways the company can increase demand for its product in turn boosting levels from revenue to production. Maximizing Profits Thomas Money Inc. as the potential to maximize profits, especially after the information stated that marginal revenue exceeds marginal costs. Increasing revenues and limiting variable costs are the primary motives for the company therefore FGI will need to shift from its consumer targeting from new equipment to used equipment. By focusing on the used equipment and liquidating the repossessed units will generate an increase to marginal revenue since the variab le costs for those units do not exist. The company does not have to stop producing new equipment, but the level of new production need to follow the economic condition and markets to retain normal profit. In calculating the data provided additional revenue can be achieved by integrating resource and production efficiency. In using a series of short-run production analysis and application techniques FGI can maximize profits using the total revenue and total cost approach. With total revenue of $2,600 and total cost of $1,050, it produces an economic profit of $1,550 before the law of diminishing returns begins to affect it negatively. Fixed costs maintain the same output level and variable costs fluctuates at each level increasing at more than $50 dollars, it is recommended that the company look into the cost of advertisement. Although it is a much needed source to increasing revenue and production levels, there need to be another alternative to advertising during the super bowl events especially since it is very costly during that event. Other methods of advertisement can be in the form of newspaper ads, and local TV channels. Creating Price, Non-price strategies and barriers to market entry In every market the primary goal for companies is to sustain or increase profitability, especially during a slow-down of the economy. Ways of doing so is by limiting marginal costs of production and maintain a fair or comparable market selling price to keep consumers from buying from other rivals. As companies incur marginal cost of producing, it triggers a trickling effect where those costs are transferred into the market price that in turn is believed by the consumers. The result is a decrease in consumer demand for the product which creates a loss in profits for the company and consumers looking at other companies for similar products or substitutes. When considering pricing strategies, consumer expectations must be considered. Pricing should be set based on several factors such as geographical location, market segment, and economic conditions. Being flexible toward pricing policies change based on the dynamics of the market is the recommendation for the company. Non-price strategies and barriers to market entry are effective ways of sustaining economic profit and provide a higher potential for increased revenues and maximizing profits. Investing in research and development, becoming technologically equipped, and implement a strong consumer-oriented programs to substantiate the organizations appreciation and show organizational worth of those consumers expectations, demand, and wants. (McConnell) As mentioned previously, some barriers to entry should include patents for designs, copyrights, and branding of Thomas Money Inc and FGI within the current and future economic markets (McConnell) Product Differentiation and other cost saving measures Product differentiation is achieved by ensuring an entity’s products are established from all other organizations within the market, which includes establishing a product mix appropriate to Thomas Money Service Inc. and FGI’s goals and objectives. The improvement of equipment through research and development in the nursing and hospital market through merging, acquiring, or investing in other existing and reliable organizations validates a strong product mix across various market. Thomas Money Service Inc. nd FGI may reduce internal costs through various and simple methods that strengthens increase in revenue, profit maximization, sustaining applicable market pricing, establishing product, mixes and differentiation through high quality. Some cost saving measures includes establishing a strong purpose toward product improvement and eliminating unnecessary areas of productivity. Conclusion In summary, to sustain the goals of continuing to be a competitive and profitable co mpany this business proposal has considered the market conditions in which the company performs. The rate of success Thomas Money Service Inc. and FGI have maintained over the long years of performance provides the basis for the proposal made to increase revenue, employ profit maximization, establish product mix and differentiation, establish price and non-price barriers to market entry, and reduce costs. The design and strategic approach under the business proposal is to ensure the continuance, profitability, and stability of both Thomas Money Service Inc. and FGI providing a strong a basis for expansion, promoting growth, and development for future years respectively. How to cite Business Proposal, Essay examples

Financial Instrument Disclosure in Industry †MyAssignmenthelp.com

Question: Discuss about the Financial Instrument Disclosure in Industry. Answer: Introduction Australian Accounting standards are accounting standards that are set by the Australian Accounting Standards Board (AASB) which is in charge of formulating and maintaining accounting standards in Australian (Azoor-Hughes, 2011). The AASB is an independent standard setter and has its headquarters in Melbourne. The AASB continuously develop high quality management and understandable accounting standards in the best interests of the public. The standards are required to have transparent and comparable information in the general purpose of financial statement. The AASB 9 is set to replace AASB 139 starting 1 January 2018. The following write up will briefly outline the AASB 9 and AASB 139 accounting standards. It will also discuss the importance of AASB 9 and it difference with AASB 139. The AASB 9 was developed in 2009 to replace AASB 139 which was adopted in 1 January 2006. The AASB 139 Financial Instruments was developed in recognize and measure financial liabilities and assets management. These standards of accounting had several shortcomings on it adoption that led to development of AASB 9. The AASB 9 Financial Instruments was developed in 2009 where several amendments have been made over the years. The AASB 9 was amended in 2010, 2013 and 2014. The AASB 9 contains all amended that have been made in Financial Instruments in recognizing and measuring financial liabilities and financial assets. Therefore, AASB 9 is an amendment of AASB 139 to provide a more concise and understandable classification, recognition, and measurement of financial liabilities and financial assets in financial statement when preparing annual reports. First, AASB 9 will introduce flexibility in the accounting standards when undertaking hedge accounting. The AASB 9 provides entity stakeholders to make decisions when handling range of activities that are risky. Secondly, AASB 9 classifies financial assets and liabilities in categories that make it easier to calculate and measure these items in financial statements (Jin, Shan, Taylor, 2015). This also enables the calculations of provisions for impairments. First, there are only two categories of financial assets in AASB 9 as opposed to four categories in AASB 139.; Previously, the financial categories included; fair value through profit or loss, loans and receivables, held to mature and available for sale financial assets. The AASB has amortized cost and fair value categories of financial assets. The financial assets will be classified based on the characteristics of contractual cash flow and objective of the organizations business model that has been outlined to manage financial assets (AASB, 2014). This change in the AASB has an impact on the accounting for financial investment. Secondly, AASB 9 permits irrevocable of elections to initial; recognitions to show losses and gains on investments to equity instruments. This has to be done when not trading with another comprehensive income. This accounting standard will require dividends from the investment to be recognized as loss or profit and there is no impairment (AASB, 2015). This is different from AASB 139 Third, AASB 9 requires financial assets to be designated and be measured at fair value. This is done through loss or profit at initial recognition. These changes will eliminate or reduce recognition or measurement management inconsistency that occurs when measuring liabilities or assets, or recognition of losses and gains from financial assets (Birt, Rankin, Song, 2013). Conclusion AASB 9 is an amendment of AASB 139 that seeks to improve the accounting standards in the Australian accounting system for financial reporting. AASB 9 contains changes on classifications, measurement, and calculations of different financial assets in financial statements. AASB 9 has also introduced flexibility in hedge accounting. The changes made in AASB 9 will enable users of financial information to make informed decision as a result of consistent and understandable financial information from financial reports. References Azoor-Hughes, D. (2011). The next wave of financial reporting changes:[In 2012, directors will have to prepare for another wave of accounting changes.]. Company Director, 27(11), 34. AASB, C. A. S. (2015). Investments in Associates and Joint Ventures. AASB, C. A. S. (2014). Financial Instruments. Project Summary. Birt, J., Rankin, M., Song, C. L. (2013). Derivatives use and financial instrument disclosure in the extractives industry. Accounting Finance, 53(1), 55-83. Jin, K., Shan, Y., Taylor, S. (2015). Matching between revenues and expenses and the adoption of International Financial Reporting Standards. Pacific-Basin Finance Journal, 35, 90-107.