Abstract
In all countries all over the world problems of global warming, high cost of living, industrial pollution and deforestation are very common. These problems have greatly contributed to poverty and poor business due to market value. There is no doubt that these problems need to be handled urgently and recycling is one of the best solutions that there are. Recycling is reproducing old products into new, it assist in reducing production of new products and their consumption. Therefore, using Metadors, Inc grant of $10,000 to enhance recycling will be assisting millions of people and businesses all over the world.
Proposal narrative
As an opening statement I would like to state that recycling refers to the process where old products are reproduced in to new ones; the main aim of this process is to reduce wastage, save energy, reduce consumption of fresh raw materials. The process is also involved in reduction of pollution. The process is seen to have both negative and positive effects, the process does not have specific advantages or an appraisal method where by its exact advantage can be stated. The process may tend to save some resources such as energy and raw materials, but to what degree? This question often raised since the recycling process also involves some financial strength for it to succeed. The main question therefore arises on whether the process is worth or not.
Thematic statement: Recycling is not garbage
One of the best ways to analyze if really recycling process works is to make a financial analysis concerning the process. The financial analysis might show a process where organizations will attain profits by reducing costs of purchasing raw material and also by increase in production. Though there are expenses associated with recycling they may not be as high compared to the fresh raw materials saved when the process is carried out. Other profits that the process may bring about include; the ability to save energy and reduce pollution. Energy in most countries tend to be an expensive and variable commodity, by saving it the country may incur very high profits (Borbie, et al. 12).
The recycling process is mostly recorded in the public places, plastic recycling and recycling in the home. The plastic recycling is the most common and the public is actively involved in collection of the materials to be recycled. This process tends to reduce pollution (Porter and Richard 31).
Home or household recycling tends to reduce wastes and therefore reduce the costs incurred. Household recycling clearly can make a great difference if well practiced. In addition, the process will tend to reduce pollution if all individuals can reduce their CO emissions. This will mean that the environment will be a good habitat for animals and plant hence improved resources from agriculture (Ackerman 7).
The recycling process can be recorded in many sectors; in the public place and in homes. Therefore, the process can bring effects to any individual if well practiced. The process can bring significant advantage in many ways depending on an individuals’ perspective. Recycling reduce pollution, reduces energy and enhances planet lungs. Some people can even view the process as business sector.
Recycling refers to the process where the old products are reproduced in to new ones; the main aim of this process is to reduce wastage, saving energy, reducing consumption of fresh raw materials. The process is also involved in reduction of pollution. The process is seen to have both negative and positive effects, the process does not have clear advantages or an appraisal method where by its exact advantage can be stated. The process may tend to save some resources such as energy and raw materials but to what degree, this question often rise since the recycling process also involves some financial strength for it to succeed. The main question therefore arises on whether the process is work or not (Gido 14).
Preview
One of the best ways to analyze if really the recycling process works is to consider the balance sheet concerning the process. The balance sheet might show the process will managers will require some profit and also the process needs some finances for it to be practiced. These expenses may not be as high compared to the fresh raw materials saved when the process is carried out. Other profits that the process may bring are the ability to save energy and reduce pollution. Energy in most countries tend to be an expensive and variable commodity, by saving it the country may incur very high profits (Baird, Colin 29).
Recycling in pubic places
The recycling process is mostly recorded in the public places, plastic recycling and recycling in the home. The plastic recycling is the most common and the public is actively involved in collection of the materials to be recycled. This process tends to reduce pollution (Fentiman 25).
Household recycling
The home recycling tends to reduce wastes and therefore reduce the costs incurred. Household recycling clearly can make a great difference if well practiced. The process will tend to reduce pollution if all individuals can reduce their CO emissions. This will mean that the environment will be a good habitant for animals and plant hence improved resources from agriculture.
The recycling process can be recorded in many sectors; in the public place and in homes. Therefore, the process can bring effects to any individual if well practiced. The process can bring significant advantage in many ways depending on an individuals’ perspective. Recycling reduce pollution, reduces energy and enhances planet lungs. Some people can even view the process as business sector (Meigs, et al 16).
Budget
As discussed above, recycling is a beneficial process that is worth investing in. To begin with, recycling process will assist in turning materials that would be waste into valuable resources. It requires several steps for it to be successful; collecting and processing, manufacturing and purchasing recycled products. All these steps require proper planning and resources to implement. The collecting and processing stage involves collecting materials that are supposedly wastes using four main methods, which are, drop-off centers, curbside, buy-back centers and refund programs. At this point regardless of the method used resources are required such as transport and work force to send the materials collected to recovery facilities to be sorted and manufactured for marketing (Porter 9).
The second stage is the manufacturing stage which starts with separating and cleaning the collected materials, they are then manufactured partially or in total using different machines. For plastics and papers which will be our main center of interest molding and recycling machines are used to produce new items such as newspapers, paper towels, glass soft drink containers and so on. For plastics recovered materials can be carpets, pedestrian bridges and park benches. All these process will require investment of about $5,000 due to machinery (Babu and Karthik 31).
The third stage, purchasing recycled products, the stage is essential in making the recycling process a success. Marketing to the government, business and individual customers will require proper marketing strategies and distribution. Quality assurance will assist in improving the market and completing with the original goods. Thus, as customers strive to have their utility level met we as the recycling company will ensure quality, quantity and availability are achieved. Purchasing recycled products stage will require a budget of $2,000 to make it a success.
In making any financial or accounting decision to design or implement a project, cost determination should be one of the main factors to consider. In reference to the project and proposal designed in unit one cost evaluation seems to be the answer of success. Cost in this case refers to the expenses incurred to be able to take a project or even maintain it. Therefore, idea of which types of cost are available on any given project and the effects they have on the project should be understood before the project’s implementation (Gido and Clements 47).
Costs involved in the project
Considering that most decisions made in an institution tends to affect the entire institution or organizations so as the costs. Costs of organizational decisions are caused by several departments which are all essential in the implementation of the project. Costs that can be incurred in the improvement and increasing revenue levels of the organization as indicated in the initial project plan include the labor related costs (Babu and Karthik 14)
These are the salaries of the employees, wages, training expenses and recruitment expenses. Other costs are those related to time management. In the initial structuring of the project we found that costs assist in reduction of time spent to complete a certain task are worth incurring (Kroll, 56). This is because if time is reduced the company may tend to produce more by exploiting more resources and also assists in reducing the costs of labor as time spent is reduced.
Classification of costs as direct costs, project overhead costs or administrative overhead costs
Direct costs are costs that will influence the judgment or it’s a decision making cost. These costs must relate to the objectives of the business. The primary objective of most concerned is wealth maximization and profit maximization, therefore the direct costs in this case is likely to be the labor costs, equipment to be used such as the time setting machines and production equipment costs (Ackerman 11).
Project overhead costs can either be relevant or irrelevant costs depending on the cash flows used in their calculations. If the overhead cash flows are relevant then the cash flows used vary with the decision but if overhead costs are irrelevant then the cash flows used do not vary with the decision. Only the relevant overhead costs are essential in decision making of the company and in our analysis expenses on maintaining the call center are the only overheads that can be essential (Black Dog 82).
Administrative overhead costs are the costs that are incurred in the setting of the project or in the implementation of the project. In this case the project affects the entire company from the management to the employees; therefore the administrative costs are also recorded in all the departments. The management require salaries, skills and evaluation techniques and all this need some resources which are part of the administrative costs. In addition the subordinates also need salaries and training this are also classified as the projects administrative costs.
Conclusion
In conclusion, the process also reduces energy. When products are recycled less energy is used by the industries to improve the used products than that used in the formation of entirely new products from the fresh raw material. The recycling process also assists in looking after the planet’s lungs; this is especially because the recycling process reduces air and water pollution.
As a closing statement, though some may argue that the process requires high expenses for it to be implemented and also for an organization to gain profits from the same, it’s clear that the benefits of it are much higher. Hence recycling is not garbage.
Work cited
Ackerman, Frank. Why Do We Recycle?: Markets, Values, and Public Policy. Island Press, 1997.
Bodie, et al. Essentials of Investments, 5th ed. McGraw Hill: Irwin, 2004.
Black Dog. Recycle: a source book. London, UK: Black Dog Publishing, 2006.
Baird, Colin. Environmental Chemistry 3rd ed. Freeman, 2004.
Babu, Karthik. Energy Education Science and Technology: An overview of waste from the nuclear fuel cycle. New York: Avenal books, 1983.
Porter, Richard. The economics of waste Resources for the Future. Oxford UK: Oxford UP, 2002.
Fentiman, et al. Radioactive Waste Management 2nd ed. New York: Taylor & Francis, 2002.
Hamblin, Darwin. “Poison in the Well”: Radioactive Waste in the Oceans at the Dawn of the Nuclear Age. Piscataway NJ: Rutgers University Press, 2008.
Gido. Clements Successful Project Management 3rd Ed. Thomson Southwestern, 2006.
Kroll, J Call Center Management System. Toronto ON: Toronto University Press, 2002.
Meigs, Walter, and Robert. Financial Accounting, 4th ed. McGraw-Hill, 1970.