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The purpose of this assignment is to apply managerial accounting concepts and practices and use financial data to make business decisions.
Throughout the course, you have used the annual report from a Fortune 500 company to apply financial accounting concepts, including analysis of income statements and balance sheets, to evaluate the profitability and overall financial position of the company.
For this assignment, consider the research and analysis from prior assignments and apply the "Conceptual Framework for Managerial Costing," as discussed in the topic materials. Follow the process outlined in the "Where to Start" section of this topic resource. Assume the company is considering making a change, such as adding a new product or entering new markets
Your task is to determine what the "change" could be and the steps that would need to be taken in the decision-making process.
Memo to the chief operating officer (COO) of the company, address the following.
1. Summarize the proposed change the company is considering.
2. Discuss the specific information that must be collected to perform the analysis on the proposed change.
3. Discuss the scope of the analysis and what parameters will be used to determine whether the proposed change should be made.
To: The Chief Operating Officer, Walmart Inc.
From: [Enter Your Name]
Date: 16th October 2019
Re: Recent Changes in Walmart Inc.
Walmart Inc. is planning to refrain from selling some types of ammunition after the recent shootings that led to the death of 22 people at one of its big stores. The company’s Executive Committee has acknowledged that Walmart would consider discontinuing the sale of some types of bullets which criminals can use in their assault-style weapons and handguns to kill people. Walmart Inc. has been the largest seller of firearms in the U.S. as well. The company has declared that it intends to stop selling handguns in Alaska, which is the only place that it offered the weapons. Customers at the company, as well as its Sam’s Club stores were asked to refrain from carrying firearms openly even in states which legally permitted them. The Chief Executive Officer declared that deeds could result in fear as well as evacuations (Tranakas, 2019). Read More...
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