Explain the following two answers in detail: -

A. In an article that appeared in The Australian Financial Review on 26 August 2011 ('Apple could easily flounder without its founder' by Mark Ritson), it was reported:

The news that Steve Jobs has resigned from Apple and will be replaced as CEO by Tim Cook made global headlines yesterday What has followed since has been a frenzied discussion of what the loss of Jobs will mean for new product development timelines, share price issues and corporate culture. Apple's share price fell 5 per cent on the news of the resignation as questions were raised about Apple's prospects without its creative guru at the helm. But the real question for Apple as it enters its post-Jobs period is how well the brand will survive without the founder.

Required: - The fact that the share prices fell following the departure of Steve Jobs is consistent with the view that Jobs was an 'asset' to the company. How do you think this 'asset' would have been disclosed in the financial statements of Apple?

B. What is a contingent asset?

When should a contingent asset be disclosed within the notes to the financial statements?

If something is initially disclosed as a contingent asset, when can it subsequently be recognised as an asset within the financial statements? Briefly explain.

Management Accounting Questions:

Grace Myer is the founder and CEO of Myer Sisters Apparel, a retailer of high?end women’s business apparel.  Earlier this year Grace opened her fourth retail store in Sydney’s Eastern Suburbs. While Grace has been pleased with the new store’s progress, she is concerned by the growing number of customer complaints and the low sales per square metre compared to some of her better?known competitors, such as Davie Laurie and HighChair Nine.  

When Grace had only one store that she individually owned and operated, she was able to control most of the details of the business. While she worked with a few employees, she always knew what they were doing. As the number of stores and the size of the stores increased, the number of employees also grew.  When Grace was running the one store, she rarely heard a customer complaint, and her sales per square metre were $500, compared to $400 today.  This concerned Grace greatly as her expansion plansfor Myer Sisters had to slow down because the stores were not producing the returns that she expected. T

he store managers were also complaining to Grace because of the high training costs of bringing on new employees. The turnover rate seemed to be very high and Grace could not understand why. She was paying one of the highest wages in the area to the sales clerks and store managers, yet they were leaving to work elsewhere. The customers were also complaining about the lack of helpfulness of the sales clerks. Even after extensive employee retraining, Grace was still hearing many complaints.  

Required:

1. Based on your understanding of the differences between intrinsic motivation and extrinsic motivation, discuss why paying good wages is not enough to elicit high performance in Myer Sisters.

2. Grace is considering implementing an alternative reward system for her staff: A “gain? sharing” plan, with a focus on generating sales revenue.  Specifically, 15% of any revenue in excess of the target sales level of $4 million per year will be placed in a “bonus pool” for distribution to allstores(last year’ssales were $3 million).  For example, if Myer Sisters as a group achieves total sales revenue of $4.5 million ($0.5 million more than the target level), then 15% of the additional $0.5 million in sales revenue will be distributed to employees.  All sales staff will receive a portion of the bonus pool, with store managers receiving a greater percentage compared to sales clerks.   Do you think this gain sharing plan is a good idea? Support your answer using

(a) Goal Setting Theory;

(b) Expectancy Theory and

(c) Agency Theory as appropriate (i.e., you do not need to refer to every part of every theory).

3. Based on your understanding of the various principles of incentive system/performance evaluation system design, make three suggestions as to how Myer Sisters’ performance measurement/incentive system could be improved.

1. Richard Branson, the CEO and Founder of the Virgin Companies, famously said that employees come first, not customers, rationalizing that when firms take care of their employees, the employees will take care of the clients. This belief fits with one of the Four Types of Corporate Culture. Please tell me which, and why you chose the one that you did.

2. , briefly, the 5 Steps that Manager Take, and offer some details on the 3^rd step in the process, Motivate and Communicate.

A fast food company CEO claims that 19% of university students regularly eat at one of their restaurants. A survey of 145 students showed that only 21 students regularly eat at one of their restaurants. Assuming the CEO's claim is correct, determine (to 4 decimal places):

1. the standard error for the sampling distribution of the proportion.
2. the probability that the sample proportion is no more than that found in the survey.

Assume you are on an interview team to select a new president and CEO for your organization. During the course of the interviews, two of the candidates expressed the following behavior styles of leadership. Candidate A said: In turning troubled companies around, I would use this technique. I would first observe how people work and then reorganize. I would promote the top 10 percent and fire the bottom 10 percent. It’s amazing how much energy it gives to the remaining 80 percent. Persuasion alone won’t do the job. I would further pick role models on either end of the spectrum and do something with them. I believe this would promote a tighter team with a lot of deadwood and office politics gone. Actions speak louder than words! Candidate B said: I would push decision-making down into the middle ranks and create a corporate culture that questions the status quo, welcomes change, and encourages teamwork. Both men and women thrive in a boundary-less environment. To that end, I would want to have my employees determine how to spend the day or week. If they believe they need to take a supplementary course or spend a week at a customer site to improve their knowledge of a key subject, then I say let them do it. It’s understood that everyone is working toward our team’s common goal, and we all want to be successful. As each candidate spoke frankly about his or her style of leadership, several thoughts come to your mind. You wonder whether as a worker or manager here, under which type of management would you prefer to work? Why, you ask yourself, would you like that style over the other?

Questions:

1. Discuss the advantages of each style of leadership, as well as some possible disadvantages that could surface with each style.

2. Given only these two candidates, which one would you choose to be president and CEO? Why?

our dream is to take up a job that basically provides wages that has a present value of at least $2,000,000 today (Ignoring taxes). Other words, you want the present value of all net future earning to be greater than 2 million. You want to feel like a millionaire today!
You just completed your master of science in biochemistry and a large bio-medical company wants to hire you. Their offer is as follows: Annual salary of $200,000 starting one year from today. However, they will only offer a contract for twenty years, and they will not guarantee if they can renew your contract. Also, they want you to complete an MBA in your second year and third year while working with them (t=2 and t=3). You must pay for that education (they do not cover education expenses). However, since your first annual paycheck is one year from today (t=1), they are willing to give a contract signing bonus of $100,000 today (if you sign the contract today).
You did some research and realized that you can complete your MBA with Sam Houston State University with a cost of $15,000 per year for two years. You also assume a conservative interest rate of 4% for this calculation. What is the NPV of these cash flows. (Note: 1.5X credit)

help me please!!!

You are 20 years old and have completed your BBA and want to pursue further education but you don’t want to take money from your father. Your plan is to start working and earn enough money so that you can finance your degree on your own and get yourself enrolled in five years’ time. You estimate that the annual cost of doing an MBA 5 years from today will be PKR 400,000 and the program will be two years long. You will need the money at the beginning your program so that you are not worried about how to clear your dues during your studies. Luckily you go for a job interview and they hire you and you start working at a salary of PKR 25,000. So you decide that 50% you will deposit in a saving account at a 10% rate with monthly compounding for your further studies and the remaining amount you will use for your daily expenses.

1. Will you be able to meet your goal at this current saving rate? [2 marks]
2. What percentage of your salary should you save if you want to have exactly your university expenses amount? [2 marks]
3. How would your answer to part 1 change if the saving account rate changed to 5%? Comment on your answer. [2 marks]
4. If you are given an option to invest at the 10% saving rate with monthly compounding or 10.5% semiannual compounding, which would you chose? Explain your answer. [4 marks]

its compete question

Q4.      You are 20 years old and have completed your BBA and want to pursue further education but you don’t want to take money from your father. Your plan is to start working and earn enough money so that you can finance your degree on your own and get yourself enrolled in five years’ time. You estimate that the annual cost of doing an MBA 5 years from today will be PKR 400,000 and the program will be two years long. You will need the money at the beginning your program so that you are not worried about how to clear your dues during your studies. Luckily you go for a job interview and they hire you and you start working at a salary of PKR 25,000. So you decide that 50% you will deposit in a saving account at a 10% rate with monthly compounding for your further studies and the remaining amount you will use for your daily expenses.

1. Will you be able to meet your goal at this current saving rate? [2 marks]
2. What percentage of your salary should you save if you want to have exactly your university expenses amount? [2 marks]
3. How would your answer to part 1 change if the saving account rate changed to 5%? Comment on your answer. [2 marks]
4. If you are given an option to invest at the 10% saving rate with monthly compounding or 10.5% semiannual compounding, which would you chose? Explain your answer. [4 marks]

Farid and Ah Fong graduated from a university in 2020 with a qualification in Bachelor of Business and Commerce. They decided to form a business offering advice to clients who wish to grow their businesses on a large scale. Fatimah who is a novice businesswoman is looking for a successful business partner in order to grow her business. She met a businessman by the name Felix but she is unsure of his financial credibility. She approached Farid and Ah Fong for consultation and advice as she came across their advertisement in the social media. Farid and Ah Fong did thorough business research and recommended to Fatimah to proceed to have a business dealing with Felix as a business partner. Fatimah approached Felix and entered into a multi-million-dollar project. After a few months, Fatimah discovered that Felix is a financially troubled businessman. Fatimah is very upset. She approached Farid and Ah Fong for a clarification. However, Farid and Ah Fong claimed that they have conducted thorough research on Felix’s financial standing. However, it has now transpired that Farid and Ah Fong did not look at the financial standing of Felix for the year 2018 but only looked at the financial standing for the year 2019. They claimed that there is no need to check the financial standing for the last two years. They also claimed that since they just graduated, they do not have much experience. Fatimah seeks your advice as to her rights against Farid and Ah Fong