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Accounting, Finance, SPSS
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English (U.S.)
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Topic:

Incremental Analysis: Assessing Chronic Homelessness

Coursework Instructions:

Discussion Post #4: Applying Incremental Analysis to Assess Societal Issues
Managerial accounting techniques can be used in a wide variety of settings. As we have frequently pointed out, you can use them in many personal situations. They also can be useful in trying to find solutions for societal issues that appear to be hard to solve.
Instructions
Must be 100 words minimum.
Read the Fortune article, “The Toughest Customers: How Hardheaded Business Metrics Can Help the Hard-Core Homeless,” by Cait Murphy Link to the article: (https://archive(dot)fortune(dot)com/magazines/fortune/fortune_archive/2006/04/03/8373067/index.htm), and then answer the following questions.
How does the article define “chronic” homelessness?
In what ways does homelessness cost a city money? What are the estimated costs of a chronic homeless person to various cities?
What are the steps suggested to address the problem?
What is the estimated cost of implementing this program in New York? What results have been seen?
In terms of incremental analysis, frame the relevant costs in this situation.

Coursework Sample Content Preview:

Discussion Post 4
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Discussion Post 4
The article describes chronic homelessness as individuals who have been on the streets for more than a year. They are primarily male and are characterized by disabilities such as drug addiction, mental impairment, or an ailment. Murphy (2006) notes that the homeless cost cities money by providing social services to manage them. These include medical facility visits and in-patient admissions, homeless shelter maintenance and costs, arrests, and jail services. Furthermore, she notes that over $40,000 is spent annually by New York City. Similarly, San Diego spends over $150,000 annually, while Dallas accumulates about $50,000 annually. It is better to provide the homeless with personal rooms rather than leaving them on the streets.
Murphy (2006) proposes that it is better to clear the streets off homelessness as it will cost less than maintaining it. The...
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