Assume you are 45-year old American woman who is the project manager of a global cross-functional team for a U.S. multinational pharmaceutical company headquartered in New York City. Your team is assigned to market globally a new drug for asthma. Your team is composed of a South African woman working in Johannesburg, a Korean man working in Seoul, an Indian man working in New Delhi, a Brazilian man working in Sao Paulo, and a Swiss woman working in Geneva. In the next year, the team members will physically meet three times in the worldwide headquarters in New York. Most of the communication between the team members will be electronic (emails, phone, conference calls, video conferencing…).

As the project manager of this global team, what communication challenges are you likely to face? How will you address these challenges to effectively manage your team?

3. Using your favorite search engine, research the Global Competitiveness report (from the World Economic forum) and the World competitiveness Ranking (from the IMD World Competitiveness Center). Identify and discuss the main factors used to create each ranking. Which method and result do you trust more? Why?

4. Using information from the Global Competitiveness report, prepare a memo discussing the strengths and weakness of location facilities in any two South American countries. Pick one for establishing a manufacturing beachhead and make you case for why.

5. Using your favorite search engine, research the Global Manufacturing Competitiveness Index (from Deloitte). Compare and contrast the three top-ranked countries. Why would you choose to operate in each of the three? Are there any reasons you would not want to operate in these countries?

question2

2.1 Highlight the recent investment outflow from South Africa.

2.2 Explain the consequences of the outflows on the South African economy.

2.3 Further discuss possible ways in which investment can be attracted to South Africa.

Introduction to managerial Accounting 5E - pg 414 - PROBLEM 7–9 Preparing Merchandise Purchases and Cash Budgets

Kat Ltd.’s September balance sheet contains the following information:

October 31 cash balance: $40,950

Cash $37,500 (dr)

Accounts Receivable $126,000 (dr)

Allowance for Doubtful Accounts $2,800 (cr)

Merchandise Inventory $26,250 (dr)

Management has designated $37,500 as the firm’s minimum monthly cash balance.

Other information about the firm and its operations is as follows:

a. Sales revenues of $350,000, $420,000, and $312,500 are expected for October, November, and December, respectively. All goods are sold on account.

b. The collection pattern for accounts receivable is 60% in the month of sale, 39% in the month following the month of sale, and 1% uncollectible, which is set up as an allowance.

c. Cost of goods sold is 60% of sales revenues.

d. Management’s target ending balance of merchandise inventory is 10% of the current month’s budgeted cost of goods sold.

e. All accounts payable for inventory are paid in the month of purchase.

f. Other monthly expenses are $49,250, which includes $3,500 of depreciation and $2,000 of bad debt expense.

g. In the event of a shortfall, the company borrows money. In contrast, in the event of excess cash, the company invests in short-term investments. Borrowings and investments are assumed to be made at the end of a month in increments of $6,250.

h. Interest on borrowings is 10% per year, payable every quarter, on the accumulated amount of the loan; similarly, interest earned on investments is 8% per year on the accumulated investments and is received every quarter. Investments can be matured and the principal amount redeemed in June or December of a year.

Required:

1. Prepare a merchandise purchases budget for October and November.

2. Prepare the cash budgets for October and November, including the effects of financing (borrowing or investing). Interest is earned or paid quarterly.

My question is from 2. - On the Cash Budget for October and November, how much is the expenses for each month? - This had been answered previously as - October - $43,400 and November - $43,750, however I didn't understand why there was a $350 difference. Are these figures correct, and if so how did we get these figures?

Miguel Souza, 14 years old, comes to the free clinic complaining of a prolonged course of diarrhea. The health history reveals that Miguel’s family has recently emigrated from South America; that Miguel has had seven incidences of “bad sore throats” in the past 12 months; when he injures himself it “almost always” gets infected; and he has diarrhea lasting several days at least monthly. Miguel states that he sometimes earns money as a male prostitute.

Vital signs include the following: T 100°F, HR 85, R 18, BP 125/78. Height and weight measurements are in the 5th percentile for age. No developmental delays are noted. (Learning Objectives 1, 2, 3, 4, 6, and 7)

a. What other information would be important to include in Miguel’s health history?

b. What diagnostic tests would the nurse expect to be ordered?

c. What should be included in a nutritional plan for Miguel?

d. What might the psychosocial impact of HIV infection be on Miguel?

Diana is saving for her education. She will deposit some money into a savings account today and in addition, deposit $500 per month for the next 2 years (24 deposits) starting one month from now. Her goal is to have enough money in the account so that she can withdraw $3,000 per month for 4 years (48 withdrawals) while she attends college and still have $8,000 left at the end for a trip to South America to celebrate her graduation. Her first withdrawal will be exactly 2 years from now when she starts college. Assume the account earns 3% compounded monthly during the entire 6 years.

How much does Diana need to deposit today? ANSWER: (in 2 decimal places),

To solve this problem, you will be creating a table with the following format.

Type the value of A below.

Type the value of B below.

Type the value of C below.

At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:

a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except cash decrease which should be indicated with a minus sign.

b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?

c. What are the budget implications for Priscilla Wescott?

Priscilla can see that her present plan   sufficient cash. If Priscilla did not budget but went ahead with the original plan, she would be $   at the end of December, with no time left to adjust.

Appendix: Adjustment Data on an End-of-Period Spreadsheet

Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services Co. has been prepared on the following end-of-period spreadsheet for the year ended October 31, 20Y5. In addition, the data for year-end adjustments are as follows:

1. Fees earned but not yet billed, $18.
2. Supplies on hand, $4.
3. Insurance premiums expired, $22.
4. Depreciation expense, $9.
5. Wages accrued but not paid, $9.

Enter the adjustment data and place the balances in the Adjusted Trial Balance columns. If an amount box does not require an entry, leave it blank.

Post-Closing Trial Balance

An accountant prepared the following post-closing trial balance:

Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown are correct. If an amount box does not require an entry, leave it blank.

Sales-Related Transactions Using Perpetual Inventory System

The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers:

Required:

Journalize the entries to record the transactions of Amsterdam Supply Co. For a compound transaction, if no entry is required, leave the entry box blank.

Sales-Related Transactions Using Perpetual Inventory System

The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers: