BUSINESS PLAN Introduction Durango Manufacturing Company is a medium sized US based public manufacturing company. The company deals in a chain supply of wide varieties of product within US markets and beyond. The paper provides several strategies the Chief Executive of Durango Manufacturing Company can adapt to meet its proposal of increasing its revenues periodically by 10% for the next five years. The above strategies take into account outsourcing of the internal company operations, hiring very knowledgeable, proficient, and competent accounting managers. The paper also analyses Durango’s financial statement by calculating the NPV to evaluate the company’s capital budgeting situation. The article further assesses Durango’s IT controls as well as its internal controls to determine its capability of detecting fraud, as discussed below. Importance of accounting knowledge From my accounting and financial management knowledge as the constant to the Chief Executive Officer of Durango Company, I’m strongly confident that accounting and financial management knowledge and experience will be critical to the company’s financial stability over the next five years. Based on my analysis, I have established that there is a…
Overview of Blockchain Technology Introduction Revolutionary interventions are increasingly enabling human beings to overcome some of the challenges induced by their governance, such as human error, security, data privacy, voting, and food safety. One of the technologies devised to ameliorate these challenges is the blockchain technology. Blockchain technology was brought about by the invention of Bitcoin cryptocurrency. It enabled easy deployment of the cryptocurrency, necessitate seamless authentication, serves as prevention security from attacks, and general self-maintenance of an organization (Andreev et al., 2018). Blockchain is simply an open, decentralized, and distributed digital ledger system that documents the transactions between computers in an efficiently permanent and verifiable method. Blockchain records data permanently because any alteration made causes a resultant alteration in the subsequent blocks; hence, information cannot be retroactively altered (Iansiti & Lakhani, 2017). The paper seeks to address the general information regarding blockchain development, examine the different types of blockchains and their benefits, and finally discuss the future of blockchains as a service for enterprises and developers. Bitcoin development demands the use of blockchain technology to hold and track balances…
The Hi-pro company production When the company produces above the acceptable upper limit, it indicates that the company has excess inventory at disposal, which may affect the supply and demand of the products. The Hi-pro company production has been above per where the company has exceeded its production requirements. The optimal output of the company should be around 100% of the necessary goods and services. In the case of excess production, the company should consider its production process, where it should work on the demand and supply of the product in the market. The company should consider having research and development, which will enhance the analysis of the new data to establish the production capability of the company (Sanders, Elangeswaran & Wulfsberg, 2016). The company should also consider having lean inventory, which will help the company to decrease the holding costs of the stock. The company should work on a production capacity that does not exceed 100% in the USA. In Argentina, the company is performing underperforming since it’s operating at 33% of the lower acceptable limits. The company production…
Should essential oils be mixed with CBD OIL? Essential oil is simply any oil that is derived from any plant which is used for health need. It can be very concentrated but, at times, can be clarified through distillation. In most cases, they are made from plant seeds, leaves, roots, or fruits depending on the part of the plant that is concentrated with oil. CBD oil, on the other hand, is part of the essential oil from a hemp plant. It is derived from the leaves. The oil is being used in most cases for health needs. It is used for pain relief, among other health needs. It can be processed in different ways, but the result has been proved to be effective health needs. Essential oils can be mixed with CBD oil, depending on the results that the user needs. Most essential oils can be used for a pain reliever, skincare, sleep aid, and other functions. When mixed with CBD oil, they boost the effectiveness of the CBD oil. Not all plant oils can be used in this case.…
The Future of, and Philosophical Thoughts on Design Just like any other industry, the design industry is subject to advancements and changes. Historically, the design was majorly influenced by culture. With increased civilization, the design of products and buildings, among others, got more influence from technology, considering that technology also affects perception. Culture changes with time and technology are prone to consistent advancements that may impact on design. For this reason, it is essential to anticipate any future changes in design. This discussion post covers the expected changes and improvements in the description, use, and evolution of design in the next decade. Description The current definitions of design are limited to a finite number or amount of crafts, such as interaction design, industrial design, and graphical design. In the next ten years, however, the definition of design will get updated. This statement is because creativity and design have proven to possess a broader scope than initially anticipated. In organizations, for instance, there are design areas like business design and organizational design that most people are not yet aware of. The…
Choosing the Right Health Insurance Broker In the world today, a health insurance cover is one of the essential things that a person needs to have. Health insurance is a useful thin for each person since it allows you to live without worries about health issues that may occur. When you have health insurance in place, you can ensure that your family does not go through financial constraints as they try to raise money for your medical bill in case of a sudden illness. A health insurance cover will pay for your entire medical care bill in case you get sick. When you need a health insurance cover, you need to find the best one that would fit your needs and your budget. For most people, it can be a hard task to find the right health insurance since there are many insurance companies in the market today. That is where the health insurance brokers come in to help a person sort through the several insurance companies and find the right one that fits their plans and budget. A…
Situation Analysis Victoria Beauty Line has numerous strengths that help it thrive in the market place. These strengths not only help it to protect its market share in existing market s but also in penetrating new markets, highly skilled workforce through the successful training and the learning programs. The company has invested considerable resources in training and the development of its employees that has resulted in a workforce that is not only highly skilled but has also motivated it to achieve more, its strong brand portfolio over the years has been useful in the organization to expand more into new product categories. Victoria Beauty Line has been able to build expertise in entering new markets and making a success of them. The expansion has helped the company to create a new revenue stream and diversify the economic cycle in the markets it operates. Automation of activities has brought consistency of quality to Victoria Beauty Line that has enabled it to scale up and scale down that is basing on the demand conditions in the market. It has also created a…
How to Get Rid Of Medical Waste Safely And Adequately Whether you are in a hospital or at home managing a chronic condition or taking care of an injured person, there will be medical waste generated. Wondering how to dispose of waste materials? Well, here are some of the primary methods that you can use to get rid of medical waste. Incineration It is a controlled method of burning medical waste inside an incinerator. It is one of the oldest ways and popularly used. In this process, hospital waste is consumed in high temperatures producing gases that can be toxic. It is crucial to ensure that these gases do not leak. This process kills 99% microorganisms, and there is minimal waste left if any. Encapsulation In this process, cubic boxes made of high-density polyethylene are filled with chemical or sharp objects, and the remaining part covered with a motor, dried, and then disposed of. Encapsulation is an efficient way because it reduces the risks of stray animals getting access to health waste. But you should not use this method while…
CONTROL FUNCTION OF MANAGEMENT The control function is a measure of performance in the business against the set objectives and goals of the firm. It analyzes where necessary changes need to be implemented within a company, pointing out financial differences using ratio analysis points(Griffin, 2007). These steps in broad include setting measures and standards, measuring the standards set, determining the performance levels, and finally making restorative moves. The ratios used in the financial statement of the control function help in managing the strengths and weaknesses of the firm. By setting up ways to measure performance, one sets targets to achievable goals. The standards in the first step provide a set target for the firm’s intentions to follow. Then the actual measuring of the goals falls in place to examine the causes distinguishing the issue zones or notice designs that are working all the more proficiently. The third step brings about stability in the work process. With the information you’ve gathered and the data you have about execution, you can make any vital remedial move. Lastly, the fourth step can…
CONSTANTINE THE GREAT Introduction: Constantine biography, belief, and teachings Constantine the Great was the first emperor to convert to Christianity. Constantine was born in Naissus in modern-day Serbia in 280 AD. He received his education in the Diocletian’s court. He got exceptional abilities to read and write both in Latin and Greek. In 303 AD, the great Christian persecution began where there was a widespread murder, arrests, executions, and abuse of Christians. He opposed the persecutions. His father was the western roman emperor. Constantine’s mother, who was from humble beginnings, is unknown if she was a wife or a concubine to Constantius. He fought battles in Syria, Mesopotamia, and Russia. In 305 AD, he later joined his father, who was in a military campaign in Britain where he became Emperor Constantius I. Constantine had great victories over his opponents during his fights. His troops chose him as their emperor. He defended his position from roman divisions. In 312, he won the battle and met Maxentius on River Tiber. He had a night vision of Jesus and was asked to use…