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Essay Instructions: Select a company and access the last three years? annual reports. Next, select a company that is a direct competitor and download the previous three years? annual reports.

Research Tip: The ?Mergent? database in the Ashford Library contains company profiles and financial information for publicly traded companies and their competitors. To access this database enter the Ashford Library and select ?Find Articles and More? in the top menu panel. Next, select ?Databases A-Z? and go to section ?M? for ?Mergent?. For help with using Mergent use Mergent Online Quick Tips.

Tip: For help with reading an annual report access this handy guide from Moneychimp (http://www.moneychimp.com/articles/financials/fundamentals.htm)
Using the annual reports of both companies, complete the following in a three- to five-page paper, excluding title and reference page(s):

For each company, report the amount of capital spending for the past three years. Quantitatively determine whether the amount of capital spending has been consistent or if it has fluctuated. Be sure to provide the calculations used to determine your answer. Describe the capital expenditures of each firm and the factors that impacted the companies? debt capacities and capital structures.

Next, compare the level of capital spending across the two firms. Point out how the spending was similar and/or different and speculate why the similarities or differences might exist. You must use at least three scholarly sources in addition to the text. Support your comparison with evidence from the text, external sources, and articles/reports from the Mergent database in the Ashford University Library.

Essay Instructions: You are starting up your own business. Please answer these three questions pertaining to opening up your own private outpatient wound clinic


a. Identify the categories that would be included in your budget. Identify if expenses are fixed or variable. Provide at least 10 examples.




b. Define the major differences between a static budget and a flexible budget. Which is best for your business plan, static or flexible?


c. Describe capital expenditures. What type of capital expenditures might you include in your business?

Essay Instructions: Part 2: Operations Management
Chapters 11 and 12 have the relevant information to answer this question.
1. What is the relationship between productivity, capital expenditures and new machinery at Michelin? Would you think that this would be the case for most manufacturing operations? If so, why or why not?
2. Provide three (3) examples of how productivity can become a competitive advantage for a company.
3. Why is the productivity issue such a significant one for Canada? Explain by citing the relevant business concepts from the text.

Essay Instructions: Sections II, III, & IV of the Capital Project

Write a 1,050- to 1,200-word paper in which you include the following:



? Complete and discuss the results of the acceptability of the item for key stakeholders.

? Respond based on research to the purchase and use of the items at other organizations.

? Determine organizational risk and compliance issues related to the purchase and use of the capital item.

? Recommend risk avoidance strategies.

? Explain management roles and risks in accordance to compliance.



Format your paper consistent with APA guidelines.



Section III: Economic Feasibility



Create a budget that demonstrates the effect of the capital purchase on the service line, including the productivity of the service line.



Complete a financial analysis of the capital expenditure. Provide responses in a Microsoft? Excel? spreadsheet.



Create a pro forma summary sheet showing the net revenue and +cost impact of purchasing this item.



Section IV: Final Project Summary

Write a 1,200-word executive summary for the justification and include it at the beginning of the paper. Attach the financial statement.

Format your paper consistent with APA guidelines

This asigment has 3 sections

Two seperate papers
section 11 = 1000-1200 words with 4 citation
section IV = 1200 words with 4 citation

section 111= creat a budget and fomulate a excel spreadsheet

Capital Item=Da Vinci robot