Paper , Order, or Assignment Requirements

1. Purpose Statement 2. Financial Statements 3. Income Statement, 4. Critically analyzed One Project Risk 5. Explained Fixed and Variable costs as they pertain to this project Background of Project The industry of medical devices involves a number of monitoring and reconstructive devices. Some of those devices include cardiac and diabetic care as well as hip and knee replacements. The owners of a medical device manufacturing firm called “JointsOrtho”have recently reviewed information about the expected growth of the aging population in the United States. Every day 10,000 Americans are turning age 65 every the population of older adults is expected to reach 89 million people by the year 2050. This figure is more than double the number of older adults in the United States in 2010. Orthopedic medical devices are one of the fastest growing areas in medical device manufacturing. The owners of JointsOrtho or JO,manufacture full hip and knee replacements and would like to have your firm set up a financial plan for opening a new manufacturing plant that makes medical devices often used for Orthopedics. Specifically you will set up a plant that manufactures Full Hip Replacements in Delaware. Each Full Hip Replacement will be sold throughout the United States at a cost of $36,750 each, including shipping, etc. Sales are expected to be between 1,000 and 1,200 hips per month. This figure is above what they are already producing in their first plant. Depreciation for equipment should be set to 10 years. Beyond the information provided you are unable to get any further guidance from the owners or the Financial Department at the other warehouse location. Remember, you are setting up a project proposal and sending your recommendations to the owners ofJointsOrtho.