3 Evidence Bases Practice versus Research Student’s name Institution affiliation Instructor Course
Evidence Bases Practice versus Research
Evidence Bases Practice versus Research
New information is derived via research, and substantial proof procedures are used to put that learning into action or to see if learning is effective. Evidence-based practices attempt to critically appraise research-based data whereas looking at ways to provide scientific understanding to the general public and develop new ideas in clinical settings. Researchers do the study to discover new information or verify an established assertion. It finds holes in various research papers, provides feedback concerning those loopholes, and develops a theory to address those issues. Such hypotheses are tested via a methodical investigation ((Bond & Drake, 2020). Conducting a survey, gathering information, and analyzing the data to obtain results are all part of the research process.
Evidence-based practices gather the proof provided by research and evaluate it using health reasoning. Following the assessment, which comprises determining the evidence’s credibility, the knowledge is used in healthcare situations ((Bond & Drake, 2020). Evidence’s impact on care outcomes is recorded, and the results are communicated. PICOT (problems, interventions, comparability, outcomes, timeframe) technique is used in evidence-based practice, whereas research applies the scientific comprehensive examination process.
Research work to develop new information entails probing the loopholes in the literature and testing hypotheses, while an EBP literature review entails assessing the evidence generated by the investigation (Bond & Drake, 2020). An EB involvement undertaking represents a structured look for clues, assessment of the corroboration, data analysis, treatment options, and professional judgment to deduce. In contrast, an information-producing survey project includes the study’s conceptual framework, theory testing, and interpretation of information. A clear distinction is depicted between evidence-based practice and research through these criteria.
Bond, G. R., & Drake, R. E. (2020). Assessing the fidelity of evidence-based practices: History and current status of a standardized measurement methodology. Administration and Policy in Mental Health and Mental Health Services Research, 47(6), 874-884.
2 Applied behavioral analysis Name: Professor: Institution Course: Date: Part 1 Names
a family nurse practitioner working in an outpatient primary care office of a large hospital system. The practice has been operating for over 15 years, and many of the administrative and clinical staff were hired when the practice opened. You have been in the practice for less than 3 months. In that short amount of time, you have witnessed several of the clinical staff engaging in heated arguments with each other, sometimes in patient areas. You overhear an argument occurring today between two staff. You pick up a patient’s chart and notice a very low blood pressure that the medical assistant failed to notify you about. When you confront the MA, she states that she was going to report the vital signs to you when she became engaged in the heated argument you overheard and forgot to notify you. History Assignment Help 2
Applied behavioral analysis
Names of the student: Jake
Disability: Autism spectrum disorder, behavioral challenges, difficult following directions
Jake is a 7-year-old boy who has autism spectrum disorder which has caused other challenges including behavioral issues and the ability to follow directions. Furthermore, Jake’s parents enrolled him in a general elementary school. Additionally, Jake’s teacher has reported that he presents numerous behavioral challenges that include he regularly has problems following instructions and directions and that he is often more likely to throw tantrums when things do not go as he expects. As a result, Jack has had problems getting along with his peer and this has negatively impacted his social life. Additionally, the teacher has also reported that Jack does not have patience in the class and always want to be under full control of everything. Additionally, Jack has also continuously defied his teachers and he disregards all instructions given to him. Further, when Jack engages in loud verbal arguments, he gets into fistfights with other children. As a result, Jack has problems following school and classroom schedules as he requires constant monitoring from his teachers.
When presented with challenging situations such as when he gets into loud arguments, he should have the capacity to apply effective coping approaches including deep breaking; this is needed in allowing Jack to remain calm about 4 days per week. This will help in reducing arguments and will also help in preventing tantrums.
Jack will comply with school and classroom instructions when presented with visual reminders that allows him to act and behave as expected; the use of pictures and writings will allow Jack to display positive behaviors as expected.
When interacting with the teachers and other peers, Jack will manage to maintain positive social skills and interactions. It is expected that roleplaying will allow Jack to understand what is expected of him in order to socialize appropriately.
Show frequent anger =
Tends to become aggressive *
Intention to annoy ()
Changing teaching approaches+
Positive [email protected]
= * ()
= * ()
= * ()
= * ()
Complete the statements below to help us to get to know you better
1.My favorite things to do during my free time are:
I like spending time with my friends. We often go swimming, and we often go surfing whenever we are bored.
2.Things I like most about school are:
I like that we are often given presents in classroom when we perform better. Also, teacher also give use opportunities to do what we like.
3.The things I like least about the school include:
I do not like the mathematics class because it is hard, and it is difficult to get high marks. The reading class is my favorite because it gives the opportunity to read new books about different topics.
4.Movies, Tv shows and books that I never get tired of are:
Adventure films, science fiction and horror movies. Scary books are also interesting.
5.Things I would like to accomplish in my lifetime include:
Getting a well-paying job, owning a housing and becoming an entrepreneur.
Peterson Johnson is an eleventh-grade student at Day Light High School. Johnson has a behavioral problem, oppositional defiant disorder, that has affected his performance and interactions with his peers. The behavioral problems that made Johnson uncooperative in school, he is deviant and is always acting hostile towards his peers and teachers. Additionally, Johnson tends to show frequent temper tantrums, active deviant to comply with rules and regulations, losses control over himself and has difficulties in maintaining friendships. As a result, of these issues Johnson’s academic performance has significantly deteriorated in the recent past. A behavior plan has been developed to help him improve these undesirable behaviors and the teacher will execute it; at the end, the plan should support Johnson to improve interactions with his peers and teachers.
TB1: Indeed, when faced with frustrating situations, Johnson shows frequent anger, and this becomes troublesome for him to relate with others. This is challenging because students in school are expected to follow the set rules, but the behavior problem proves difficult for Johnson when he losses self-control.
TB2: Johnson tends to be aggressive when challenged, and he becomes frustrated. In this regard, he has engaged in physical quarrels with his peers.
TB3: Johnson participates in activities that are intended to annoy, particularly the teachers. In most cases, he has often disregarded the teachers’ instruction as a sign of deviance.
TB4: Johnson tends to engage in hateful talking and becomes easily upset when questioned by the teachers. Further, when found in the wrong, he blames others for his misbehaviors.
Provide preferred alternatives
Remove temptations and risk factors in the environment
Choose alternative and better means of communicating
Build a positive relationship with Johnson
Increase peer support from other students
Johnson will demonstrate self-control to avoid unnecessary arguments with peers and teachers
Johnson will adhere and abide with school regulation and respect the teachers’ instructions
Johnson will take full responsibilities for his actions without blaming other people.
The teachers will understand and respect the student
Teachers to reward Johnson when he meets the learning objectives
Give opportunities to students to show the skills they do well
Prepare the student individually when teaching schedule changes
Praise all positive and desirable behaviors demonstrated to peers and teachers
Reinforcement strategies for engaging in replacement behavior
Give verbal praises when Johnson demonstrates the desired behaviors. Giving physical rewards may also reinforce the positive behaviors.
Engaging in replacement behavior
Facilitate strong social support to help Johnson acquire the desired behaviors
Giving positive behavior frequently
Consequences for engaging in target behavior
Allow the student time to cool down and reflect on his behaviors
Help in re-teaching the desired positive behavior
Provide the student with supportive manner to help in improving academic performance
Social support will help the student not become aggressive and violent
The use of a classroom management system and progress report to monitor student behavior
MINI-COMPREHENSIVE PLAN OF ACRES HOMES 2 Mini-Comprehensive Plan of Acres Homes Super
MINI-COMPREHENSIVE PLAN OF ACRES HOMES 2
Mini-Comprehensive Plan of Acres Homes Super Neighborhood
Mini-Comprehensive Plan of Acres Homes Super Neighborhood
The City of Houston’s “Super Neighborhoods” are simply neighborhood planning regions. There are 88 “Super Neighborhoods” throughout Houston as a whole. Freeways and bayous serve as the boundary of each super neighborhood, bringing together adjacent communities sharing similar physical qualities, identity, or infrastructure (WGI, 2014). Situated in northwestern part of Houston, Texas, “Acres Homes” is the neighborhood of choice for this mini-comprehensive plan. In the 23-km2/ 9-square-mile region, the city borders West Gulf Bank Road northwards; Pinemont Drive Southwards; North Shepherd Drive Eastwards; and Alabonson Drive Westwards, form a loosely defined border. Historically, the super neighborhood has been dominated by African American residents; Annexed to Houston after decades without a formal incorporation. The following is a mini-comprehensive plan of Acres Homes, one the dozens of super neighborhoods across the City of Houston, Texas. This mini-comprehensive plan is divided into four sections namely: – population, economic development, housing, and future land use. Each of these sections will include the existing conditions, analysis, set of policies and implementation. The mini-comprehensive plan will include interviews of Acres Views’ leadership; analysis of its current state; identification of issues, challenges and problems it faces; and implementation strategies with time frames for issues identified.
It is home to 37,611 individuals with an average age of 33, who live in Acres Home. Males constitute 50.39 percent of the total population, with females constituting 49.61 percent of the population. People of Acres Home who were born in the country account for 74.45 percent of the population, with foreign-born residents accounting for 7.22 percent. Furthermore, non-citizens constitute 18.32 percent of the entire population of the country. The census shows that 32,100 people in Acres Home are still living in the same residence they did a year ago, according to statistics from the United States Census Bureau. Acres Home contains a total of 12,671 dwellings, each of which has an average of three occupants. Families account for 67.23 percent of the inhabitants of Acres Home, while non-family buildings account for 32.77 percent of the population (Flintco). Families with children account for 36.92 percent of all households, while households without children account for 63.07 percent. Among the 12,671 inhabited residential units at Acres Home, owners occupy 51.12 percent of the units, while renters inhabit 48.88 percent. There are 11,797 persons who have never been marriage in Acres Home, and there are 12,179 people who are married in the community (41.05 percent). Individuals who have been separated or divorced account for just 2.59 percent and 10.89 percent of people in the state, respectively. Acres Home residents have a high school diploma in 45.02 percent of the population (12,358 people), a college diploma in 23.41 percent (6,427 people), and a bachelor’s degree in 9.52 percent (9.52 percent of the population) (2,614 people). The average family income in Acres Home is around $52,620 per year, while the median annual income is $38,471. For those between the ages of 25 and 44, the median earnings are $42,626; for those between the ages of 45 and 64, the median earnings are $43,027,000. People under the age of 25 earn $31,236 per year, while those over the age of 65 earn $33,268 per year on average. Acres Homes in Houston has a smaller population than the national average of 3,999 people per square mile, with a population density of 3,673 people per square mile.
An increasing population in Houston (and hence in Acres Home) is the outcome of a thriving job market in the city. Another key selling point for Houston is the large number of job options that the city offers. Because of the booming aerospace, gas and oil, medical, and information technology industries, Houston is an excellent area for engineers, scientists, and physicians. When compared to other major metropolitan areas such as New York, the cost of living in Houston is much lower. This is due to the fact that there are no income taxes in place. Harris County’s population has grown at a rate of about 40% in the last decade, but the unincorporated population has expanded at a rate that is more than double that of the incorporated population.
According to the Urban Reform Institute, a proponent of market-oriented urban planning, new versions of American city life include developer-designed suburban and exurb districts as well as urban infill developments. In the face of falling demand for office space, new policies to encourage “missing middle” housing may spur the development of some innovative local solutions to the problem. In response to the many proposals from residents, the county has already started implementing some of them, including the county’s first-ever affordable housing plan, which was just approved (MD Andersen Center). Despite having a budget of more than $11 million, the county has increased the size of the antipollution department by more than 50% and has increased the number of resources available to HazMat First Responders by 50%. It has been at least 30 years since there has been a significant rise in environmental restrictions in the County of Orange.
In addition, the County has established a task force on violence and injury prevention in order to explore the problem of gun violence in the community. The county has also boosted the County minimum wage for employees and certain construction contract workers to $15 an hour, up from the previous rate of $10 an hour. The inclusion of sexual minorities on the list of protected classes in the County’s anti-discrimination policy is a significant step forward. Additionally, it has partnered with the City of Houston to establish the Houston-Harris County Emergency Rental Assistance Program in order to assist our most vulnerable residents in making their rent payments (Rice Kinder Institution for Urban Research, 2022). As of November 4, 2021, a total of $244 million had been raised, and 62,761 families have received financial assistance. The county has devised an evidence-based plan to improve street lighting, pathways, and visibility, as well as to address recurring deteriorating and abandoned homes, restore vacant lots, and make other adjustments to improve public safety. Every one of these initiatives has a favorable influence on Houston’s population growth and demographics since they improve the overall quality of life in the city. The policies of the local, state, and federal governments have an impact on the life of Acres people.
The fact that one is driving through this area may lead one to believe that one is in the city. The historic hamlet, which is one of the largest unincorporated African American settlements in the South, is a peculiar blend of rural and urban elements. An Acres Homes community was established after World War I, and the name stems from the fact that land in the subdivision could only be acquired by the acre rather than by the lot. Residents are welcome to retain their flocks of chickens, horses, and gardens on the reasonably priced land they have purchased. A further experimental initiative, entitled Complete Communities, includes Acre Homes as one of its districts, with the goal of providing services to historically underserved yet culturally rich communities. Almost all of the award recipients were chosen in partnership with the Houston Arts Alliance and local organizations in each of the categories. A total of $40,000 will be awarded to the storytellers in order to bring attention to local companies, residents, and pieces of art in the community. A portion of the money comes from the Hotel Occupancy Tax in Houston. According to McNulty, director of the Mayor’s Office of Cultural Affairs, the festival was envisioned as a way to showcase what the city’s many communities had to offer.
According to the Houston Complete Communities project, which is a City of Houston initiative that works to close the gap between equality and opportunity in ten historically underserved communities, including Acres Homes, the facility was designed by and for the residents of the Acres Homes community. The 18 organizations that make up Acres Home Be Well will undertake a total of twenty evidence-based activities. The steering committee will include residents’ involvement and long-term viability into all parts of these efforts, which will be based on a plan for community investment developed by neighborhood members themselves via the Office of Complete Communities in Houston’s City Mayor’s Office.
Lower energy costs than in other areas, or even in other Texas cities such as Austin, are a result of less restrictive regulations. There are no state income taxes in place. Because of the city’s liberal zoning restrictions, it is also difficult to discern between business and residential neighborhoods. Offices and businesses are often placed in close proximity to residential areas. Companies of all sizes are encouraged to locate in the state of Texas. Texas is home to more than 100 of the top 1,000 publicly traded and privately owned firms in the United States. Because of Texas’s low tax rates, businesses are in a position to invest in their personnel, expand into new markets, and boost their revenues.
Furthermore, as a consequence of fracking, Houston’s major port has transitioned from being an importing to an exporting powerhouse, transforming the city’s economy. In 2016, the Port of Houston was the nation’s biggest oil exporter. According to the latest current numbers from the United States Census Bureau, it is presently the ninth most populous city in the country. Its imports were worth around $33.34 billion in 2011, compared to $33.34 billion a decade earlier. This category accounted for more than half of all imported goods. According to the most recent available figures, less than 8% of the population was impacted by it in June of this year. The total amount spent was $2.59 trillion. However, the Port of Houston, which serves as the world’s oil center, is not utterly doomed. Looking at oil from a different perspective demonstrates that it is not all bad news. Taking a look at it from the exporter’s point of view. 2011 was a record year for oil exports for Houston, which also set a new record for oil imports with a total of $85.66 million. Private terminals and ports along Houston’s shipping channel have generated $5.51 billion in revenue so far this year, putting them on track to surpass the $10 billion milestone. In a decade in which oil imports were valued at upwards of 30 times the equivalent of exports, exports will outperform imports for the third year in a row, marking the first time this has happened.
Because of the state’s highly competent and trained workforce in the aerospace sectors, Texans continue to be sought after for large transfer and growth projects in the industry. It’s no secret that Texas has long been at the forefront of the aerospace industry, and it continues to be so today. In 2016, the aviation and transportation equipment business directly employed 51,800 people, while another 125,000 people were employed indirectly as a consequence of the industry. Texas’ industrial production was valued $12.9 billion in 2015, according to the state’s official statistics. When it comes to carbon emissions and global warming, the city of Houston, Texas, does, in fact, have some lax regulations in place.
The overall land area of the country is around 23 square kilometers (9 square miles). Acres Homes had a total of 8,548 housing units by the end of 2002, with 31% of those units being rented apartments. According to Rodgers and Longoria of Rice Design Alliance, who built Acres Homes, the term “rurban” refers to a location that incorporates both urban and rural aspects. Acres Homes is surrounded by undeveloped land that is arranged in a checkerboard pattern. It has been reported by the Houston Chronicle’s Kristen Mack in 2002 that the Acres Homes development in Houston has been associated with “urban degradation.” It was she who made the observation that she was “a touch schizophrenic.” A large number of shotgun houses existed in the area in 2002, and a large number of people resided in them since their owners were out of town. There is a lot of undeveloped property in the town. Mack describes small wood frame houses as “ramshackle” in the majority of communities, whereas bigger homes are characterized as “lovely” in a select location. horses were common in the region in 2002, when most of the once large estates were subdivided into smaller plots and sold off. Several areas of Acre Homes were discovered to be devoid of storm drains. There were huge ditches along the sides of a lot of the roadways. The area has seen little commercial and industrial growth in recent years.
As of 2008, Acres Homes has the highest number of closed landfills in Houston, both approved and unpermitted. Houston is a city in the state of Texas. There are six phases to restoring the Acres Homes Multi-Service Center in Houston, Texas, and this is the first of them. Additionally, in addition to the installation of a new security alarm and sprinkler system, the scope of work included the replacement of obsolete lighting fixtures, painting the inside and exterior of the building, re-striping parking spaces, and repairing all neighboring sidewalks. As the city prepares to form its own community land trust and other communities prepare to do the same, community land trusts provide both opportunities and challenges. For the inhabitants of Houston, 1998 was a year that was both up and down. When a significant tropical storm slammed the United States in September of that year, almost 1,400 homes and businesses were devastated. It dropped a total of 17 inches of rain on the region. Despite the destruction wrought by Catastrophe Harvey, the Houston City Council was set to implement a comprehensive package of land-use adjustments whose long-term benefits would outweigh the harm inflicted by the hurricane. Part of this endeavor included a revision of the city’s subdivision restrictions in an attempt to lessen the density of the city’s population.
According to two land-use experts in a recent report, modifications in Houston’s land-use restrictions after 1998 have resulted in the reclamation of previously unused area for house development on previously undeveloped property. Aside from resulting in an increase in the number of houses offered for purchase in Houston, the city’s recent housing reforms were also successful in overcoming homeowner opposition, which continues to be among the greatest major hurdles to the building of new homes in the city today. Houston’s minimum lot size for single-family homes decreased to 3,500 square feet (from 5,000) as a consequence of adjustments made to the city’s land use regulations in 1999.
More restrictive lot covering requirements must be met by both developers and homeowner who want to build on lots as small as 1,400 square feet in size. Gray and Millsap examine the degree to which these modifications have had an impact on Houston’s residential real estate market, despite the fact that they seem to be technical in nature. According to data from the Harris County Appraisal District, there has been a rise in the quantity of residential properties sold between 1,400 and 5,000 sq ft in size (HAD). Gray and Millsap show that building activity grew by more than threefold between 1997 and 2005, based on data collected during that time period. In the event that you are considering purchasing, renting, or buying a property, you will be protected from being discriminated against on the basis of your race or national origin.
Individuals are protected against such actions under the Texas Fair Housing Act. In accordance with Section 42 of the Internal Revenue Code, investors who create low-cost houses are eligible for tax breaks. People on fixed or low incomes are eligible for a tax relief in return for purchasing low-cost houses offered by investors. The state’s legislators must ensure that landlords may continue to operate their properties while simultaneously safeguarding the availability of rental accommodation for the state’s population in order to keep rental housing costs reasonable for Texans. Americans’ ability to achieve the American Dream is more readily attained by Texans than by the vast majority of other individuals. In order to keep housing costs low, a combination of less government plus less laws and regulations is required.
Future Land Use
Acres Home residents and planners gathered at the Carver School Canteen to discuss the future of the organization in the northwest. If you will, consider the future of Acres Homes. Depending on who you speak with, Acreage Homes may or may not be addressed. Following months of deliberation, the mayor revealed his Complete Communities proposal, which seeks to restore five abandoned neighborhoods that have been neglected for decades. After consulting with community residents and gathering their opinions on the neighborhood’s identity, history, and future, the city’s planning officials decided to use Acres Home to announce the meetings and invite them to attend.
Many stakeholders were involved in the development of the “Acres Home Complete Communities Action Plan,” which outlines goals, strategies, and initiatives that were produced over the course of a six-month strategic planning process that included four large public forums. Over 800 leaders, stakeholders, and partners participated in these five public sessions, and each and every one of them shared their thoughts and views. Taking everything into consideration, the programs and goals are focused at building a community that is stronger, more resilient, richer, and more equitable. An Integrated Community Action Plan is a collection of activities, programs, and policies that will work together to create a community where everyone has the opportunity to flourish. Known as the “A-Team,” action teams have been working directly with city authorities to ensure that set requirements are followed for a variety of activities.
In collaboration with municipal agencies, private and non-profit organizations, as well as people and companies, have teamed together to raise the bar for the implementation of the Action Plan in each of the targeted areas. Numerous factors contribute to the city’s fame, but it is particularly infamous in urban planning circles for a lack of zoning regulations and an overall strategic vision (The Regulatory Review, 2021). When it comes to achieving acceptable planning results, Houston challenges the generally accepted belief that zoning is required. This concept is called into doubt by the fact that the city has been able to achieve both economic growth and housing affordability, which are two common planning goals. Zoning in Houston is a bottom-up, rather than a top-down, approach to land use management, and it addresses the heart of the problem that zoning is intended to solve rather than the symptoms of the problem. Zones have been established and the Houston approach of land use regulation has been adopted in order to handle the problem of collective action in the wake of market failure.
According to Qian (2010), Houston seems to be the only major North American metropolitan that does not have zoning restrictions as of 2010. Because of Houston’s fast development, the traditional free market idea has been proven wrong, as has been shown by the fact that zoning is an infringement of private property and individual liberty. In Houston, the lack of zoning has an impact on land use restrictions and urban expansion, which is the subject of this article. To assess the influence of Houston’s land use regulations on urban expansion, the city employs an economics and rational – choice theoretical framework, which is derived from economics and rational – choice theories. Following the conclusions of this study, it is possible to notice a significant influence on urban expansion even in the absence of formal planning laws because of the municipality’s land use regulations.
As a consequence of the lack of land use zoning, governmental and private organizations such as super communities and homeowner associations are tasked with bridging the gap. Both of these variables have an impact on the use of land and the increase of the city’s population. In their research, the researchers discovered that private contracts and government legislation are not mutually exclusive or immutable when it comes to controlling land use; that investment goals are not achieved simply by making an idea; that public planning input is required; and that deed constraints may be more effective at enabling property sales and preservation than working to improve neighborhood wellbeing and leadership The use of Euclidean zoning allows a city to be separated into various parts for different sorts of development, such as residential and commercial growth.
The Supreme Court’s decision established Euclidean zoning as the de facto standard in American municipalities throughout the nation. In line with the concept of the Lone Star State, the city of Houston refused to enact zoning, despite the fact that three popular referendums had been held on the subject. As a result, Gray and Millsap show that despite Houston’s rejection of conventional zoning, the city still imposes land-use limitations that work in a manner comparable to traditional zoning laws. As an example, private deed limits are agreements that specify how a property may be utilized and allow individual landowners to make decisions about anything from land use to design and architectural elements on their property. Houston has implemented a kind of informal zoning in which any property that does not meet the minimum lot size criteria is effectively prohibited from development. The minimum lot size in Houston for detached single-family houses was 5,000 square feet before 1998, and it is now 5,000 square feet. Being limited to a single home per 5,000 square feet meant that lower-income residents in the city were precluded from creating smaller, more compact homes that would have been more affordable for them.
Instead of working from the top down, Houston is attempting to fix a collectively believed issue that no other city has encountered by starting from the bottom up. If the city’s zoning system had not yet isolated undesired uses, preserved neighborhood character, and boosted property prices, Houston would have ended up voting for zoning in the final analysis. Some may believe that the present form of land use regulatory monitoring used in Houston successfully resolves the challenges that zoning is designed to address, however this is not the case. Harris County is collaborating with county agencies to improve the way through which capital projects are financed for the benefit of the public. Following that, the County will seek input from its people and provide clear information on how public funds are being used in conjunction with the community it serves.
Flintco. (n.d.). City of Houston acres homes.
Key accomplishments: Marching towards the future. (n.d.). Harris County Judge Lina Hidalgo >
MD Andersen Center. (n.d.). Be well acres homes. MD Anderson Cancer
Qian, Z. (2010). Without zoning: Urban development and land use controls in
Houston. Cities, 27(1), 31-41. https://doi.org/10.1016/j.cities.2009.11.006
The Regulatory Review. (2021, February 25). How land use reform led to more housing in
Rice Kinder Institution for Urban Research. (2022, January 13). After 20 years, the center of
Harris County’s population has moved outside the loop. The Kinder Institute for
Urban Research. https://kinder.rice.edu/urbanedge/2022/01/13/harris-county-population-suburbs-census
Welcome to Houston complete communities. (2021). Welcome to Houston Complete
WGI. (2014, June 17). What is a super neighborhood in Houston?
What is the purpose of an income statement for a retail business?
What is the purpose of an income statement for a retail business?
The objective of an income statement for a retail business is undoubtedly to determine how much of a net gain or loss has occurred, as well as which earnings and expenses are the most significant.
When it comes to retail businesses, the income statement is very crucial. Despite this, retail enterprises, like other businesses, have fixed administration expenses such as employees, rent, energy supply, and property maintenance. These expenses are typically high to manage and must be funded by the company’s profits. A retail firm must have a business plan that takes these expenses into consideration when determining profit margins on suppliers and final item prices in order to be in a successful position. To put it another way, the income statement in these situations serves as an evaluation of the company strategy, with grades that are proportional to the amount of final net income earned.
When a company has a net loss, the income statement can be used to determine where to intervene, how to cut spending and management costs, and how to enhance earnings.
Which statement format do you choose?
I would without a doubt employ the multi-step income statement format if I were in your position.
Why did you choose this format?
When I mentioned above that I needed to be able to rattle off the income and expenses in detail, I meant that I needed to be able to do a better overall analysis and provide more accurate representations of costs of goods sold, I meant that the multi step income statement format would be perfect for that. Furthermore, I believe it is significantly more comprehensive and serious for a corporation. Furthermore, it provides stakeholders with a clearer picture of how a firm conducts its business by outlining how the gross, operational, and net margins compare with one another.
How does your statement choice affect each stakeholder group, and what are the advantages and disadvantages of your choice?
The most significant advantage of the multi-step income statement, in my opinion, is that it provides the most comprehensive picture of the business. These days, having more and more knowledge to make decisions is crucial, and one must leave less and less to chance as a result of technological advancement.
Stakeholders, such as the following, would undoubtedly benefit from this:
An investor wants and needs to know everything there is to know about the business in which he or she is investing or would like to invest. When there is minimal information available about a company, it is extremely difficult for anyone to put money in it. It is preferable, in my opinion, for an investor to understand the intricacies of a devastating income statement because he may discover that the net loss was caused solely by mismanagement or is simply correctable. Never forget that the best investor is the one who recognizes the opportunity first and foremost.
Lenders can get a sense of whether or not a company is strong and making enough money to pay back its loans. It is critical for lenders to understand the statement income in depth in order to understand how a business is spending its money and how it would spend the loans they provide.
It is critical for management to have access to up-to-date information at all times. When it comes to making significant decisions, there is no way to simplify the process. Net income is already a great indicator of management’s performance because it is the product of the decisions that have been made in the past. In addition, a thorough cost analysis can aid in the correction of specific circumstances and the improvement of overall corporate performance.
Franklin, M. Graybeal, P. & Cooper, D. (2020). Principles of accounting, volume 1: Financial accounting. Open Stax Rice University. https://openstax.org/details/books/principles-financial-accounting