Imagine working for an organization for a few years and, at first, you are enjoying the experience. But, as time goes on, the conditions seem to worsen, perks continue to disappear, and the managers impatience seems to increase. After another round of layoffs, you find yourself in a management position that finally provides you with an insight into the organizations finances. You find that for every project your organization takes on, there is an average of a 5% financial loss. You realize that, when pricing was originally determined, the organization did not do its due diligence in determining how many resources it would take to complete a project. The first step toward a sustainable and then profitable organization would have been to determine the break-even point for a project. For this Discussion, you will use an example from your professional or personal life to consider the usefulness of break-even analysis to help with your decision making.
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Question 1 Janet Brown is 45 and divorced. She has two children who live with her and are dependent on her. Stephen is 12. Sarah is 17 and has been certified as eligible for the disability credit. Janet’s financial information for 2019 and 2020 includes the following: 2020 2019 Salary and taxable benefits $105,000 $100,000 Car expenses deducted in computing employment income
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Scenario: You are employed by Pacific IT Solutions as a solutions integrator. Your job description is to implement IT solutions and provide customer support. One of your long-time customers, Western Mining, has their head office in Sydney and is opening a branch office in Brisbane. You have been contracted to setup the network. A meeting has been held to start the project. The minutes of the meeting are as follows:
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