Supply Chain Management as a Major Source of Competitive Advantage Essay

Supply Chain Management as a Major Source of Competitive Advantage - Essay Example This paper illustrates that a firm takes inputs from the external environment, processes them and sells it to consumers. The process of transferring the inputs into the firm and getting the outputs to consumers outside the firm is at the center of supply chain management. Supply chain encompasses all organizations and activities associated with the flow and transmission of goods from raw materials through to the end users as well as associated information and monetary flow. Another definition states that the supply chain is â€Å"a set of three or more companies directly linked by one or more of the upstream or downstream flows of products, services, finances and information from a source to a customer†. This implies that supply chain management has to do with how the connections and linkages between a firm, its suppliers and consumers is conducted, arranged and utilised. Ross views supply chain management as a set of tasks that are carried out by an organization in order to a ttain results. He states that the supply chain is a set of collective tasks centered around the optimization of transportation/logistic, processing and distribution channels that a firm employs and utilizes. It involves functions like warehousing, transportation and other objectives associated with the markets. It utilizes time and involves the transfer of possessions. The concept of supply chain management is presented by Horch as the process of procurement, materials logistics, and distribution. This involves the institutionalization of aspects of logistics and the distribution of these logistics through processes related to upstream and downstream flows of the supply chain.

Music in China Essay Example | Topics and Well Written Essays - 1000 words

Music in China - Essay Example The towns in China have had the chance to embrace modernity and with the same form of energy from the western counterparts that have embraced the upcoming genres of music. In the small villages and towns there are often loud speakers releasing chunks of sound that carry music especially the latest pop songs. Besides the pop genre, the Pavarotti and Muzak are some of the genres that still carry instances of traditional systems of sound. (Shen 41-44) The music system of China has been basically influenced by the Western music over the past few decades. So much of the western ideas have been embraced mostly by the university students that take up lessons and composition classes that basically contain a model influenced generally by the western genres of music with only a few opting to take up the lessons on the composition of Chinese traditional music. On the other hand, the shops that are basically supposed to be selling music productions have also gone the western way with most of the compositions ranging from the romantic kinds as well as the Italian operas. Furthermore, in the streets whereby there is a booming sale of pirated CDs with low prices as well as the tapes are mostly expected to show higher orders from the young who have it upon themselves to request for the hits from the US and from Europe. There have been instances whereby the authorities have tried to put a stop to this kind of illegal trade but it has still mana ged to thrive underground. (Shen 45-51) In the 90s, there were frequent births of various rock bands of Chinese origins that have grown to become so popular and worth mentioning when we are talking about music in general and how much it has come of age especially in contemporary China. An example of such a band is the Cobra band that was an all women band that has gained a formal level of notoriety for their professionalism in doing their best for this genre of music. During this period, there was little understanding as the Chinese artists were trying to come up with the kinds of materials to reach the level of what was being heard in the west. The most controversial and one of the most famous artists during this time was Cui Jian who was credited as the pioneer that brought rock music to the limelight. He has a similar style in the kind of music he put out though some critics saw his ideas to have a basic antagonistic approach to the Chinese traditions and that some of the songs w ere basically politically oriented in their compositions. He was basically trained as player of the trumpet and he held some form of orchestra leadership position after which he was dismissed in the 80s (Rees 28-36). The traditional music on the other hand has its own form of history and has completely followed a different journey. There were various genres of folk songs that have a close relation to the imperial traditions such as that of temple and courtly music merely survived the great fall of the imperial dynasty and hence some of the traditional forms of music especially the strong folks that were basically revived since the durations of the Cultural Revolution in the villages. Some of the traditional forms of music that are basically available in many public places in china and which are mostly available on CD as well as in cassettes in the United Kingdom include the ritual music. (Rees 37-40) The ritual music comprises of the songs that were performed initially mostly in the Daoist and Buddhist temples. The rituals involved the monks and nuns who basically

Sciatica Following a Repeat Epidural Blood Patch

Sciatica Following a Repeat Epidural Blood Patch We hereby present a case of sciatica following a repeat epidural blood patch for post dural puncture headache (PDPH). A 27 year old fit and well para 1 female (BMI 33) had an attempted difficult lumbar epidural during labour. Epidural was abandoned as the patient felt an urge to push. She had an uneventful spontaneous vaginal delivery within one hour. She developed PDPH which was treated with an epidural blood patch (EBP) 48 hours post delivery. She felt immediate improvement with some right sided headache which resolved spontaneously. A second EBP was performed 72 hours after the first EBP for recurrent PDPH. Following the EBP she developed transient right sided headache with hypertension (Blood pressure 145/90) which resolved spontaneously. On day five after the 2nd EBP she was readmitted with three days history of low back ache with severe shooting pain radiating to the back of left thigh up to her knees which was worse on standing tenderness over lumbar area along with tenderness over epidural site. Her symptoms got worse over next 48 hours with shooting pain to the back of both thighs, left side worse than right. Her infection markers were within normal limits. A contrast MRI showed blood clot in subarachnoid space from L5 to sacral canal and no mass effect or dural leak. Discs, para-spinal spaces and subcutaneous space were normal. She was diagnosed having sciatic possibly due to direct irritation with blood in Intrathecal space in absence of any nerve compression. After ruling out any surgical intervention she was started on Gabapentin titrating up to 900 mg per day and advised further follow-up and MRI. Her symptoms completely resolved over next ten days. Discussion Placing autologous blood in the epidural space for PDPH was first described by Gormley in 1960 using just two to three mL, with a reported 100% success rate [1].Since then epidural blood patch is a widely used technique to treat PDPH and persistent leak of cerebrospinal fluid (CSF) from the subarachnoid space. It is probably the most efficacious of therapies, although this is unproven, and plays an important part in the management of this condition. It is reported that between 61% and 85% of patients will have complete and permanent recovery from headache in less than24 h [2, 3]. Physiologic mechanisms by which the EBP is effective include a physical â€Å"patch† effect, in which injected blood directly forms a seal over a dural leak, a â€Å"pressure† effect, in which increased epidural pressure is transmitted to the cerebrospinal fluid (CSF) space, thus alleviating a component of intracranial hypotension and the attenuation of initial cerebral vasodilatation.[2] When a complication occurs after EBP, it is occasionally difficult to determine the causative factor. It is possibly related to the initial epidural placement, a result of the EBP, or the result of both procedures. Although complications from EBP are rare, they can potentially be quite serious. The most common complaint following EBP is transient low back pain [4]. Rare complications include radicular pain [5]. Possible mechanism of low back pain includes Compression, irritation, infection and arachnoiditis [6]. Increasingly severe back or radicular pain after EBP is always abnormal, and should be thoroughly and promptly evaluated to exclude neuraxial hematomas and other serious etiologies. In patients with unresolving or worsening neurological symptoms, lumbo-sacral MRI should be performed to assess for any surgical intervention. MRI may demonstrate collections of iron-laden hematomas. Unlike previous case reports of radiculopathy, where large volumes of blood was used for EBP, in our case, we used only 20ml autologus blood at a time and our patient did not have a haematoma or compressive myelopathy. However the cumulative volume of blood used over 72 hours was 40ml which may have contributed to the development of symptoms even though there is not enough evidence to suggest this on MRI. Based on the MRI findings, other possible mechanism of pain in our patient would have been blood in the intrathecal space causing irritation and pressure effect even thought there were no signs of nerve root compression in MRI. But a retrospective study by Arpino I et al in 94 cases failed to demonstrate a correlation between Intrathecal spread of blood and radicular pain [7]. In summary, EPB is not without serious complications and indication for EBP should be considered case by case. Patients should be followed up for any adverse incidents up to one month as per OAA recommendations. Persistent radicular symptoms in post-EBP patients act as warning signals for compressive lumbar radiculopathy that requires active interventions including analgesics, Urgent MRI and neurosurgical consultation. It may be worth considering CT or MR myelography to confirm the ongoing CSF leak before performing the second EBP or cases where diagnosis in doubtful(8). Clinicians are urged to educate patients regarding unusual risks prior to performing EBP and to be aware of symptoms of serious injury should they arise. EBP is an invasive procedure with the potential for serious morbidity. References 1) Gormley JB. Treatment of post-spinal headache. Anesthesiology 1960;21:565-566. 2) Duffy PJ, Crosby ET. The epidural blood patch. Resolving the controversies. Can J Anaesth. 1999; 46: 878–886. 3) Tarkkila PJ, Miralles JA, Palomaki EA. The subjective complications and efficiency of the epidural blood patch in the treatment of postdural puncture headaches. Reg Anesth. 1989;14: 247–250 4) Abouleish E, Vega S, Blendinger I, Tio TO. Long-term follow-up of epidural blood patch. Anesth Analg 1975; 54: 459-63. 5) Cornwall RD, Dolan WM. Radicular back pain after lumbar epidural blood patch. Anesthesiology 1975; 43: 692-3 6) Gupta D et al. Transient compressive lumbar radiculopathy following post epidural blood patch. J Anaesthesiol Clin Pharmacol 2014 Jan;30(1);112-4. 7) Arpino I et al. Intrathecal blood spread after epidural blood patch: can it give arachnoiditis? EJA. June 2012; 29; 118 8) C.M. Wendl et al. CT Myelography for the Planning and Guidance of Targeted Epidural Blood Patches in Patients with Persistent Spinal CSF Leakage. Am J Neuroradiol 2012 mar; 33; 541– 44. My Learning Points EBP can lead to potential serious and permanent neurological complications. Hence we should consider confirming the diagnosis of PDPH with appropriate radiological investigation such as CT or MR myelogram if diagnosis is doubtful. Possible risk factors for neuropathy may be related to increasing volume of blood used for EBPor a repeat EBP. Hence diagnosis of PDPH should be reassessed before considering a second blood patch. Patient should be clearly explained about high incidence of backache following EBP. Patient should be informed to seek medical help promptly, should she develop adverse neurological signs. Prognosis and recovery following neuropathy is quite variable. Clear communication with the patient is the key in managing these cases and appropriate long term follow up at high risk clinic and pain clinic should be organised.

Haitian Culture: Impact on Nursing Care Essays -- essays research pape

Haitian Culture: Impact on Nursing Care   Ã‚  Ã‚  Ã‚  Ã‚  The Republic of Haiti is in the western part of the island of Hispaniola in the West Indies. It is densely populated and has the lowest per capita income in the western hemisphere (Kemp, 2001). The population of more than seven million is made up of mostly descendents of African slaves brought to the West Indies by French colonists. The horrible conditions in Haiti, such as crushing poverty, unemployment and illiteracy, and high rates of acute and chronic illnesses and child and infant mortality, result in the illegal immigration of many Haitians to the United States, France, and other countries in Western Europe. Most immigrants are adults and teens who leave Haiti in tiny boats, despite the risk of drowning and other hazards. According to Pan American Health Organization (PAHO) 2001 statistics, the number of refugees has declined to several thousand per year since the early 1990’s.   Ã‚  Ã‚  Ã‚  Ã‚  Nearly all Haitian immigrants entering the U.S. are poorly educated, illiterate, and speak only Creole, which is seldom seen in written form. Creole is a â€Å"pidgin† language, meaning it is a simplified form of a base language with parts of other languages added. These types of languages were frequently used by sailors, pirates, and other trade people to accommodate the span of communication needs they faced. Haitian Creole is thought to have been derived by combining various native African dialects with the French language of their owners. Very few Haitians (10%) can actually speak French, and one’s ability to do so is seen as an indicator of social class. Because of Haitian views that Creole is the language used by the poor and uneducated, many will claim to be able to speak French and become insulted if it is suggested that they speak Creole. This can pose a problem for the healthcare worker trying to find a way to communicate. Often the only in terpreters available to a family are their children who have learned English in schools here. This can create conflict within the family therefore a facility provided interpreter usually produces a better outcome. Written materials are often of no use to the Haitian immigrant.   Ã‚  Ã‚  Ã‚  Ã‚  Socioeconomic status plays a huge part in how Haitians identify themselves, and influences their actions greatly. Many Haitians wil... ...of exercise. These factors all contribute to the young life expectancy of about 49 years (World Health Organization, 2001). When caring for a client of Haitian descent, it is important to be mindful of language and education level, religious and cultural beliefs, and traditional health maintenance practices that may be incompatible with modern medicine. The healthcare provider should respect these cultural differences and be accommodating whenever possible to promote the spiritual and physical well-being of the client. References Ackerman, L.J. (1997). Health problems of refugees. Journal of the   Ã‚  Ã‚  Ã‚  Ã‚  American Board for Family Practice. 10,337-48. Minarik, P.A. (1996). Culture & nursing care: A pocket guide.   Ã‚  Ã‚  Ã‚  Ã‚  San Francisco: UCSF Nursing Press. Pan American Health Organization (1999). Haiti: Country health profile.   Ã‚  Ã‚  Ã‚  Ã‚  Accessed 6/28/04. Spector, R.E. (2003). Cultural diversity in health and illness (6th ed).   Ã‚  Ã‚  Ã‚  Ã‚  Upper Saddle River: Prentice Hall. World Health Organization (2001). Healthy life expectancy rankings.   Ã‚  Ã‚  Ã‚  Ã‚  Accessed 6/28/04.

Creative writing: National Service

I, David Vivian-Currie, had been used to the upper-class life until I was forced to join the war through National Service. I had received the dreaded letter on 29th May 1944, a week before it detailed me to leave. I was to help recapture France from the German's. Until I had received the letter, I felt that I had lived quite a pleasant life: I had attended Dunce Hall in North London and, at the age of thirteen, had moved onto Eton, where I became a school prefect in my final year. My father, John Vivian-Currie, was a well-established banker who had always tried to give me the best opportunities in life. After realising his success in banking, I decided to give it a try after I left Eton, and by the age of twenty-five, I had risen to the position of my father's assistant. He had avoided National Service due to age reasons. I however, had not. Due to my schooling I entered the army as captain, so I was in a better position that most of the soldiers. However, I still knew that I had virtually no chance of surviving. Today, 5th June 1944, I was sitting in the tiny transport boat with the remainder of my platoon, preparing ourselves for the journey to France, that would decide the rest of our lives. There was not a cloud in the sky, however, it was still quite brisk, I was glad that I had decided to put an extra pair of breeches on, but it didn't really matter, for I would probably be dead in less that twelve hours. At eleven o'clock the boat started to move, over the choppy English Channel, for some of us, this was the last time that we would ever see our homes. Overhead, it was possible to hear the jittering from the engines of the Spitfires and Lancaster's, above us. The aim of these planes was to bombard the landing spots around the coast, destroying any gun emplacements, the success of this raid, would decide the success of this invasion. I decided to sleep for a while as tomorrow would be one of the most important days of my live. Was I to live or die! I woke at half past four by the sounds of the bombardment occurring a mere six miles away. I felt horribly ill. I wasn't able to hold it back any more, I had to lean over the side of the transport vessel and vomit. I was so scared! There were a few other men in the boat that were suffering from the same problem as me: fear! Soon enough the boat started to smell of the putrefying stench of sick. Normally I would feel even worse at this sordid stink, but it wasn't the time to worry about that. We were less than two miles from the French coast, about an hour before landing. I decided to make a final check of my equipment, machine gun, yes, grenades, yes, water bottle, yes, pistol, yes, helmet, yes, bandages, yes. I thought that was everything, but then I realised that I had forgotten my radio. I had a problem. How was I going to keep in contact with the commanding officer? I looked up only to see the French coast and I started thinking, â€Å"Oh shit, here we go. † I managed to compose myself, I called my platoon around me. Instead of going out of the front and being slaughtered by German machine guns, I suggested that as soon as we reached the beach we should jump out of the side of the transport vessel, into the shallow water. This way we had a better chance of survival. Approximately five minutes after I finished debriefing my platoon, the boat driver shouted â€Å"two minutes,† we were close. All of a sudden we became under heavy machine gun fire, the night bombardment obviously hadn't been very productive. I shouted the order to get out of the boat, oh no! Due to the lack of communication I had forgotten to tell the driver that I had chosen not to go out of the front, he opened the door and, almost instantaneously, nine men were dead. I had managed to climb over the side, as had ten others. We had been in France for less than two minutes and we had already suffered heavy casualties. With the rest of my men, I moved up the beach and found some cover behind a huge rock about 40 metres from the cliffs. We were safe for the moment, but soon we would have to move on. There was an abandoned trench about seven metres away, with a concrete wall in front of it that should provide some much needed cover. I shouted the order, and we sprinted up the beach to the trench. We had made it without suffering any more casualties. Now was the time to attack. I positioned Phil Wainsley, the sniper, in position; he had a clear view of a small machine gun emplacement, which was operated by two tall, bearded men. I watched the emplacement through a periscope that one of the privates had stolen from an Italian Colonel a week previously. After seeing that both men had dropped dead, I shouted that it was safe. We rushed up the beach to find the best position to lay down some covering fire for the rest of the army running up the beach. I looked along the coastline, to see bodies everywhere. It was horrible. The sea was red from the blood of those that had lost their lives, there were people searching for friends, relatives, and in some cases, lost limbs. I turned round to find that I was on my own platoon had moved up the side of the hill. I pursued them quickly, trying to dodge the oncoming bullets. I caught up with them at the bottom of a set of stairs leading up the side of the cliff to the main gun emplacement. We waited there for a moment and then ran up the stairs to the emplacement; there we threw two grenades into the building. We waited for the smoke to settle from the explosion, and then charged in killing any survivors. The battle had been won, we had taken control both of the gun emplacements, it was now safe for the Navy to come to the beach, they had been waiting a few miles of the coast. It was essential that they came. So that we could set up a camp, reducing the chances of loosing our position. It was half past twelve before all of the equipment had been unloaded from the large warships; however, it would take two hours to set up. I was now reunited with my senior officer, my regiment, The South Alberta Regiment, and armoured car regiment. I was just sitting quietly beside my armoured jeep, not believing that I had just survived that onslaught. I was in a new world, from being a banker to a Captain in the English army, I felt like a massive juxtaposition. I suddenly heard somebody shouting my name, it was the captain in the Royal Logistics Corps, informing me that I was to report to Colonel Radley, the highest ranked officer in the camp. When I reached his tent, I was flabbergasted, it was beautiful inside: along the left hand side of the room was situated a large bed, with the woodwork made from pine. Just past the bed, there was the most beautiful mahogany table. Along the opposite side of the room, was positioned a Cedar wardrobe and chest of drawers. I must say that I was very jealous of the Colonel, even though I was a captain, I still had to share a tent with my platoon: not the most comfortable of places. After gazing around the room, I was asked into the head office of the camp, this is where all of the senior ranking officers worked. I walked through the room, which was littered with communication appliances and typewriters. A Corporal led me through the room to the Colonel's office. Once in the office I saluted my senior, and listened to what he had to say. He was saying that due to my bravery and superb leadership of my platoon, for leading the allies over the cliffs, and securing a position. I was being awarded the Victoria Cross, and promoted to the role of Major. I started to think that the army wasn't so bad after all. A promotion, and being awarded the best medal possible, after spending less than forty-eight hours in the army. However, I was still feeling very weird, being away from home, not knowing if I would live long enough to see it again. The Colonel then informed me that I was to take three tanks and two jeeps to try and regain control of Dieppe, a small French town a short way along the coast. After hearing this I saluted and thanked the Colonel, and briskly marched towards my regimental base. There I selected fifteen other men to assist me with this assignment. We filled the vehicles with fuel and ammo, and set off. I started to feel a little queasy again. After reaching Dieppe, I could understand why regaining control of it was so important to the Allies. It had a well-established harbour, big enough and deep enough to contain an entire fleet. The coastline was very steep, making a coastal attack virtually impossible. Dieppe was also a link between Calais and Le Havre. When we reached the town square, which looked as if it had been deserted a long time ago, we became under heavy machine gun fire from the derelict church steeple. This however, didn't really cause a problem for the tanks. There was rubbish everywhere, from buildings that had been destroyed. There were walls missing from certain houses, and others were just non-existent, just gaps in the street where they had previously been. After sorting out the problem in the town square, we stopped to gather our bearings after checking that there was no one else around. We sat down inside a small deserted cafi, which smelt a little like rotten pot-pourri, not a smell that I want to remember.

Cost Accounting Is A Process That Aims To Capture A Companys Production Accounting Essay

Cost accounting is a procedure that aims to capture a companys production, to measure the input cost of each production. Cost accounting is frequently used in the company to assist the direction with determination devising. Cost comptrollers are a good as a tool for direction in budgeting and in puting up cost control which improves the net borders of the company in future. Cost comptrollers in traditional fabrication companies would normally do usage of machines that automate certain operations. Production activity is measured in machine hours. Traditional fabrication is besides labour intensive where there are high labor costs and low operating expenses. Traditional fabrication allocates the companies ‘ indirect cost to the points produced in order of their volume, figure of units produced, direct labor hours and machine hours. The usage of machine hours implies that machine hours are cause footing of the mill operating expense, this deduction is done when merely machine hour s are used to apportion the fabricating operating expense to merchandises. Cost comptrollers in traditional fabrication companies use a individual caput pool, this method of apportioning indirect costs normally consequences in the wrong cost of informations. Merchandises with high volumes have high labor costs likewise merchandises with lower volumes would normally be understated and be ignored. Traditional fabrication companies cost comptrollers are needed to assist in the managing of costs which is normally non an easy undertaking to make, but the cost comptrollers have found a manner of pull offing them. Modern fabrication was developed to work out the complexnesss of running a immense concern. Modern fabrication companies make use computing machines and robotics ; they control the whole production/manufacturing procedure. Cost comptrollers would normally necessitate modern fabrication companies because they have an built-in flexibleness to supply particular studies and assist direction with determination doing sing cost activities undertaken. Modern fabrication houses are normally non forced to stay by the fiscal coverage demands. Modern fabrication companies would normally delegate costs to activities and merchandises based on how the costs and resources are consumed by the procedure or merchandise. Cost comptrollers are needed in the modern fabrication companies because it gives them a clearer image of cost of procedure and the profitableness of clients and merchandises. They are besides needed because it would assist them with budgeting techniques for the truth of fiscal prognosi s and besides increasing the comprehension of the directors. Cost comptrollers are needed in the modern fabrication companies because modern fabrication houses use computing machines and robotics this helps in the quick and accurate production of fiscal programs to assist the comptrollers in wise determination devising. Productivity is truly improved in modern fabrication companies because there is a wider set of related component here, which is computing machines and robotics. Absorption costing is no longer for modern auto manufacturer such as BMW discuss. Your reply should include suggestions of other bing methods that are more relevant for a modern auto manufacturer and supply your accounts. Absorption costing is absorbing all the fabrication through units produced. It absorbs all the direct labor, direct stuffs, with all the variable and fixed costs. It is By and large Accepted Accounting Principles which means it is used for external coverage. Absorption costing because it absorbs all the cost is non suited for modern fabrication houses, because with this bing pricing is lesser extent than it appears to be in the instance. Cost is calculated to make up one's mind how much net income you have made, and so the monetary value while be set. Because absorbs all the costs, that establishes the fact that it does non recognize the importance fixed costs. This makes it difficult to distinguish between fixed and variable costs. The variableness of net incomes besides causes confusion because the gross revenues and stock alteration. Absorption bing recognises the importance of fixed costs in production by including them in the production procedure. It is used to fix fiscal histories. When production remains changeless while gross revenues rise and autumn irregularly in figure this method will demo a less fluctuation in net net income. Absorption costing is non suited for the modern auto makers like BMW because it is non so utile to t he direction to do wise determinations, to be after and command that is it does non assist directors to develop the company ‘s mission and aims to be the decisive factor in carry throughing them and non set uping public presentation criterions, mensurating and describing existent public presentation and comparing them to take a disciplinary action as necessary. This truly shows that it is non suited fabricating companies like BMW because they need to utilize the cost information for good determination devising intents and budgeting. But instead modern fabrication houses like BMW need to utilize Activity Based Costing because is the method of bing that assigns costs to their activities based on the resources instead than merchandises or services. Other costs and resources are equally distributed to the merchandises and services they use. This method does non extinguish any costs ; it gives more information and takes into history how costs are consumed. This method is suited for BMW because BMW is involved process betterment and reduction costs. Activity Based Costing assigns all the single activities involved in the fabrication procedure are accurately costed, that is it makes seeable waste and non value added. Therefore doing it easier to place the cost of each procedure. It uses unit cost instead entire cost. It facilitates benchmarking which means there is a standard mention against which things can be compared and assessed. It provides a better apprehension of operating expenses and it is easy understood by everyone because since companies like BMW discloses their fiscal studies to the populace they can understand why things are the manner they are. Activity Based Costing helps with future merchandise planning because for illustration all the activities associated with BMW can be accurately determined before it is launched. This can besides assist to find the monetary value and other outgos. Question 3 Cost?Material X & A ; Y working 1 4,000 Material which can be used in another machine 6,000 Labour – Department A ( working 2 ) -Department B ( working 3 ) 12,800 3,600 Sale of machine 5,000 Alteration work 2,000 Entire 33,400 Entire = ? 33,400 + ?125, 000 = ? 158, 400 Working 1 5000 – 1000 = 4000 Working 2 Department A 200 ten 2 ten 4 ten 8 = ?12,800 Working3 Department B 150 ten 4 ten 6 = ?3,600 Working 4 = ? 33, 400 = 125, 000 = ? 158, 400 ten 10 % = ? 174, 240 The minimal monetary value that should be quoted to the new purchaser is ?174, 240 ( working 4 ) . This is because this monetary value includes all the alteration work costs. MM should accept the offer made by the new purchaser because it more than the sum willing to be paid by the first purchaser. MM should besides disregard the ?2000 sedimentation made by the original purchaser because it is a historical cost that is it is a cost that has already occurred therefore doing it an irrelevant cost. I would besides advice MM to go on with alterations asked for by the new purchaser as would convey him more net income than of the original purchaser. The net incomes made would besides assist him to cover the costs he incurred when doing the alterations. Cost?Material X & A ; Y working 1 4,000 Material which can be used in another machine 6,000 Labour – Department A ( working 2 ) -Department B ( working 3 ) 12,800 1,500 Sale of machine 5,000 Alteration work 2,000 Entire 31, 300 Working 1 5000 – 1000 = 4000 Working 2 Department A Mach Dept B = ?150 x 5 tens 2 = ?1, 500 Working3 Department B 150 ten 4 ten 6 = ?3,600