ROI and Variance Analysis ROI and Variance Analysis What are the four major budgets of a health care organization? Briefly discuss each. Describe the four types of responsibility centers‚ including the characteristics of each? The revenue center represents the organizational link in which the activity is appreciated. The cost center represents the organizational link in which products/ services are obtained which generate expenses (costs) with the help of which there can be measured the efficiency
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generally present few difficulties for event studies. Standard procedures are typically well-specified even when special daily data characteristics are ignored. However‚ recognition of autocorrelation in daily excess returns and changes in their variance conditional on an event can sometimes be advantageous. In addition‚ tests ignoring cross-sectional dependence can be well-specified and have higher power than tests which account for potential dependence. 1. Introduction This paper examines properties
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Porter Institute for Strategy and Competitiveness Harvard Business School Cambridge‚ Massachusetts June 24‚ 2005 This presentation draws on Michael Porter‚ Klaus Schwab: The Global Competitiveness Report 2004-2005‚ Oxford University Press‚ 2004 and other sources. For further information on the Report and on the Institute for Strategy and Competitiveness see www.isc.hbs.edu 200506 GCR Vietnam – KC 2005.06.24.ppt 1 Copyright 2005 © Professor Michael E. Porter Topics for Discussion
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that are positiveD. shows only the correlations that are statistically significant 3) In a set of observations‚ which measure of central tendency reports the value that occurs most often? A. Mean B. MedianC. ModeD. Geometric mean 4) Which level of measurement is required for the median? A. Nominal B. OrdinalC. IntervalD. Ratio 5) The mean and the variance are equal in…A. the normal distributionB. the binomial distributionC. the Poisson distributionD. the hypergeometric distribution 6) The difference
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could carry out calculations easily. Methodology First‚ since all the data came from the case and was already on an Excel spreadsheet‚ we began by calculating the expected time‚ variance‚ expedition available and slope for each task using the formulas below. Expected time=(optimistic+4*(most likely)+pessimistic)/6 Variance=((pessimistic-optimistic)/6)^2 Expedition available=Crash time-Expected time Slope= Expedition available/(Crash cost-Normal cost) Calculation results can be found in Table 1 in
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Question 1c In order to create the criteria for the committee we have to look at what they want from the project. Most businesses and organisations are in business to make a profit‚ however the committee has different aims and objectives compared to a normal business or organisation. They need to weight up the options of each proposal and decide which best relates to their aims and objectives. When the committee is considering which proposal to go with they should consider the following categories
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volume shifts to the right; (see the graph below) it may not be at the equilibrium but it’s getting closer to the equilibrium. (Period 2 production lies between period 1 and equilibrium production level) In the second half of the year‚ the labor variance looks worse than the first term. This is the result of an increase in production during second term. In the first half of the year‚ the company did not meet its production quota (therefore less materials and labor were used for production). So Carlo
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PSA 705 - Modification to the Opinion in the Independent Auditor’s Report • Deals with the auditor’s responsibility to issue an appropriate report in circumstances when in forming an opinion in accordance with PSA 700 “Forming an Opinion and Reporting on Financial Statements” Modified Reports • Matters That Do Not Affect The Auditor’s Opinion a) Emphasis of matter • Matters That Do Affect the Auditor’s Opinion a) Qualified opinion‚ b) Disclaimer
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First Six-Months Price Variance Efficiency Variance Sales-Volumn Variance AQ*AP AQ*SP SQ*SP Static Q*SP Raw Materials 590000*3.867=2281000 79000F 590000*4=2360000 104000U 188000*3*4=2256000 144000F 200000*3*4=2400000 Direct Labor 400000*11=4400000 $- 400000*11=4400000 264000U 188000*2*11=4136000 264000F 200000*2*11=4400000 Spending Variance Efficiency Variance Never a Variance Actual Input Quantity*AR Actual
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Statistical Report The Relationships between Location‚ Income‚ and Credit Balance for the customers of AJ Davis Department Store Math 533 Course Project Part A AJ DAVIS DEPARTMENT STORES AJ Davis Department Store Customer Research A. Brief Introduction The department store AJ Davis would like to find out more information about their customers. A sample of 50 credit customers is selected with data collected on the following five variables: 1. LOCATION (Rural‚ Urban‚ Suburban)
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