Assignment
To write discussion post. Min 350 words for each task.
Do not use any direct quotes and/or cut and pasted information (i.e. your discussion is to be 100% your thoughts, ideals and insights). A minimum 350 words are required (this is the minimum and totally feel free to use more words) and a minimum 350 word response to another students original post is required.
1. Senior Security Co. offers a range of security services for senior citizens. Each type of service is considered within a separate department. From a Performance Measurement and Responsibility Accounting perspective (i.e. chapter 24 of your textbook), Mary Clark (the overall company manager) is compensated on the basis of departmental performance by staying within the quarterly cost budget. She often revises operations to make sure departments stay within budget. Says Mary Clark, "I will not go over budget even if it means slightly compromising the level and quality of service.
DISCUSS.
2. Capital Budgeting and Managerial Decisions may relate to corporations, partnerships, proprietorships and to you as an individual. To that end, get the lease and purchase information for a particular automobile (identify chosen vehicle). Look at the down payment required and the required monthly payments. You will likely find that most dealerships do not focus on the total cost of the automobile but instead try to focus your attention on the affordability of the monthly payments. This chapter gives you tools to determine the total cost of ownership and the advantages or disadvantages of asset ownership (i.e. either via leasing or purchasing).
Discuss (i.e. explain in depth) your opinion on whether it is best to lease or purchase the specific vehicle you are discussing. Keeping in mind that you may have both financial and nonfinancial considerations.