Ozzie Foods Ltd produces several varieties of muesli and chocolate bars. An action has been brought against the company by a customer who broke a tooth while eating a muesli bar sold by Ozzie Foods Ltd. The chief accountant of Ozzie Foods Ltd, Col Gates, prepared a draft of the financial statements, including a note disclosure about the lawsuit. However, the chief executive officer, Wil MacLean, argued that the lawsuit should not be reported as a contingent liability because Ozzie Foods Ltd might win the case, and any mention of this incident in the financial statements might encourage more lawsuits and potentially increase the company’s liability.
Required
a)Define the ethical problem including identification of relevant stakeholders.
b)Ethical review–Identify two ethical principles that are relevant to the problem and explain why they are relevant.
c)Consider options: -Describetwo different courses of action, (i) and (ii), that Col Gates could take.
d)Investigate potential ethical outcomes for each course of action identified in part (c). You should consider multiple stakeholders in addressing this component and evaluate the outcome in terms of the principles identified in part (b).
e)Decideon action: Conclude by stating which course of action you think Col Gates should take and explain why, with reference to the principles stated in (b).
In: Accounting
Accounting Question:
|
The Sky Blue Corporation has the following adjusted trial balance at December 31. Image and details here:http://prntscr.com/isps3z What you are seeing from the picture is the full closing journal entry for revenues, expenses, and dividends. My question is regarding the revenues/expenses part because that is where i have incorrect errors on. The dividends portion of the closing journal entry is fine, so no help is needed there. The specific requirements for the revenues/expenses are shown below: http://prntscr.com/ispsa4 I am not sure if this is a technical error because the numbers should be correct and the debits and credits equal each other. UPDATE: PLEASE DISREGARD THIS QUESTION. I HAVE SOLVED MY PROBLEM. Turns out, i included an additional "retained earninngs account" that was not needed. I went off the example from my class lecture, but i think the teacher included 2 "retained earnings" accounts to sort the revenue portion and the expenses portion, but the question was asking me to record the closing entry for rev. AND expenses, so i combine both. The single retained earnings is the difference between the revenues (excluding unearned) and expenses in the general journal Now that i think about it...the teacher did mention that the book would try to include 2 because they combine rev/exp. into a single closing journal entry but there is actually 3 and i guess the activity assignment we did in class was for that purpose |
In: Accounting
The business I am opening is Spirulina. Spirulina is a micro-algae and as such has been growing naturally in our environment for millions of years, it is a tough plant able to withstand harsh growing conditions, in fact, the micro-algae cell never really dies it goes dormant when weather conditions are not favorable, and as soon as these change and the environment is once again suitable for growth, spirulina begins growing and reproducing again. Naturally growing spirulina can be found in high alkaline lakes and in general, it is said that where flamingos are, spirulina is sure to be found. It is a type of cyanobacteria, which is a family of single-celled microbes that are often referred to as blue-green algae. Just like plants, cyanobacteria can produce energy from sunlight via a process called photosynthesis (Ebène, 2011-2016). The main reason that I am interested in such a product is that the product benefits people’s health which I am going to mention and cover in the rest of my report.
Question
Step 1 - Develop a list of assets and capabilities you or your business partners possess at the start-up of the company.
Step 2 - Break that list into two groups: Standard and Unique (standard would be what is expected for this type of product or service, unique would be the thing that sets it apart from the competition.)
Step 3 - Evaluate the Unique aspects and state how solid they are.
In: Operations Management
Susan is a paralegal in a one attorney office. She works for Mr. Robert Sharky. One Friday afternoon, attorney Sharky left early to take a flight to Las Vegas. He planned to be back on Monday. Bob Jones, one of the firm’s divorce clients, runs into the office and tells Susan he just shot his ex-wife when she came at him with a knife after an argument. He throws the smoking gun on the desk and asks Susan to hide it for him. Susan takes the gun and puts it into her desk drawer and locks the drawer. She plans to discuss the issue with her attorney when he gets back from his vacation on Monday. She tells Bob that the firm can help him avoid jail time since the wife instigated it and Bob shot her in self-defense. Bob leaves.
That night Susan joins her friends for happy hour and tells them about what happened but she does not mention Bob’s name. After Susan tells the story, a news flash comes on the television at the bar and the story says the suspect in the wife shooting is Bob.
Use the American Bar Association Model Rules of Professional Conduct or the state of GA ethics rules and spot all the issues in this scenario. What did Susan do wrong and what rules did she violate? Should she have informed the police?
In: Operations Management
1. What Are The Various Registers In 8085?
2. What Are The Various Flags Used In 8085?
3. What Is Stack Pointer?
4. What Is Program Counter?
5. Which Stack Is Used In 8085?
6. What Happens When Hlt Instruction Is Executed In
Processor?
7. What Is Meant By A Bus?
8. What Is Tri-state Logic?
9. Give An Example Of One Address Microprocessor?
10. In What Way Interrupts Are Classified In 8085?
11. What Are Hardware Interrupts?
12. What Are Software Interrupts?
13. Which Interrupt Has The Highest Priority?
14. Name 5 Different Addressing Modes?
15. How Many Interrupts Are There In 8085?
16. In 8085 Which Is Called As High Order / Low Order
Register?
17. What Are Input & Output Devices?
18. Can An Rc Circuit Be Used As Clock Source For 8085?
19. What Are Level-triggering Interrupt?
20. How Can Signals Be Classified For The 8085
Microprocessor?
21. Write A Program That Will Store The Contents Of An
Accumulator And Flag Register At Locations 2000h And 2001h.?
22. Classify Interrupts On The Basis Of Signals. State Their
Differences.
23. What Are The Two Major Differences Between Intr And Other
Interrupts ( Hardware)?
24. Explain All The Addressing Modes Of The 8085 With The Help Of
Examples.?
25. Mention The Different Types Of Data Transfers Possible In The
8085.?
In: Computer Science
Question one
For this question, refer to the Bank of Ghana’s Monetary Policy
Committee Press Release of March 18, 2020.
a) In ordinary language, explain the meaning of monetary policy.
What is the difference between monetary policy and fiscal
policy?
b) Explain the difference between monetary loosening and monetary
tightening.
c) According to the statement, the MPC reduced the monetary policy
rate by 150 basis points. Does this constitute a monetary loosening
or monetary tightening? Explain
d) When deciding whether to tighten or loosen monetary policy,
central banks weigh the relative risks to price stability and
growth. Mention two indicators that the MPC use to gauge the risk
to inflation and two indicators the MPC use to gauge the risk to
growth.
e) Based on the information in the Press Release, in the thinking
of the MPC did the risk to growth outweighed the risk to inflation
or vice versa? Refer to specific points from the press release to
back up your argument.
f) Using the money market diagram, explain the effect of this
policy measure on the real interest rate and real money
holdings.
g) In ordinary language, explain how the reduction in the Monetary
Policy Rate will help the relative risk identified in part (e)
above.
h) In addition to the reduction in MPR, the MPC also reduced the
Primary reserve requirement from 10% to 8%. Explain how this
In: Economics
Q1:Explain what companies should do to make employees contribute towards the strategic management process in the organization.
Q2: Why many organizations fail to implement plans successfully?
Q 3&4 : Case : Maestro Pizza the food industry nowadays became harder than before. The people now pay extra attention to even small details when it comes to food. The variety of food kinds, the way the food being served, the quality of food, the price and even the place decoration! Furthermore, there are tons of restaurants (competitors) those being in the food industry for decades which makes it even harder to compete them. Not to mention if a new restaurant will serve one kind of food that already being served by other expert restaurants.
Here we talk about a new restaurant in Saudi Arabia that successfully entered the food industry and managed to compete existed restaurants who are serving the same kind of food for a long time and even considered the best in the world of serving such food! The restaurant's name is Maestro Pizza which is locally founded and operated by Saudi people. This restaurant has successfully dominated the market and stole the throne from underneath of many other pizza restaurants like Pizza Hut and Domino’s Pizza and others.
In the context of the above case analyze and provide solution to the following:
Q3. Bargaining power of consumers .
Q4. Suggest strategies to differentiate Maestro Pizza products and services with its competitors
In: Operations Management
Since its detection in China in December 2019, the novel coronavirus (COVID-19) has quickly spread all over the world, affecting 199 countries and territories around the world. As of April 4, 2020, more than 1.2 M people had been infected and more than 65 thousand people died. Numerous countries around the globe have adopted unprecedented measures to limit the further spread of the virus and reduce the number of future victims. The novel coronavirus has an enormous influence on international financial, social, managerial, and economic development in many regions and countries, and poses a great challenge to local epidemic control and prevention systems. (Journal of Research in Emerging Markets, March 2020)
Your Assignment Write an essay about the sudden change in consumer habits in response to the COVID-19 outbreak.
In your essay, discuss what happened to the external as well as internal influences, lifestyle, and situational influences. Also, please write about how companies have changed their communication strategies as well as distribution strategies in response to the current situation. Mention examples of companies that demonstrated corporate social responsibility to get closer to their customers and fulfill their values (International and local).
Keep consumer behavior as a core thought in your writing applying the concepts you have learnt this semester about consumer behavior from chapter 1 until chapter 14.
In: Operations Management
Mercury, Inc., produces cell phones at its plant in Texas. In recent years, the company’s market share has been eroded by stiff competition from overseas. Price and product quality are the two key areas in which companies compete in this market.
A year ago, the company’s cell phones had been ranked low in product quality in a consumer survey. Shocked by this result, Jorge Gomez, Mercury’s president, initiated an intense effort to improve product quality. Gomez set up a task force to implement a formal quality improvement program. Included on this task force were representatives from the Engineering, Marketing, Customer Service, Production, and Accounting departments. The broad representation was needed because Gomez believed that this was a companywide program and that all employees should share the responsibility for its success.
After the first meeting of the task force, Holly Elsoe, manager of the Marketing Department, asked John Tran, production manager, what he thought of the proposed program. Tran replied, “I have reservations. Quality is too abstract to be attaching costs to it and then to be holding you and me responsible for cost improvements. I like to work with goals that I can see and count! I’m nervous about having my annual bonus based on a decrease in quality costs; there are too many variables that we have no control over.”
Mercury’s quality improvement program has now been in operation for one year. The company’s most recent quality cost report is shown below.
| Mercury, Inc. | ||||
| Quality Cost Report | ||||
| (in thousands) | ||||
| Last Year | This Year | |||
| Prevention costs: | ||||
| Machine maintenance | $ | 250 | $ | 120 |
| Training suppliers | 9 | 20 | ||
| Quality circles | 21 | 80 | ||
| Total prevention cost | 280 | 220 | ||
| Appraisal costs: | ||||
| Incoming inspection | 55 | 30 | ||
| Final testing | 175 | 88 | ||
| Total appraisal cost | 230 | 118 | ||
| Internal failure costs: | ||||
| Rework | 150 | 70 | ||
| Scrap | 70 | 40 | ||
| Total internal failure cost | 220 | 110 | ||
| External failure costs: | ||||
| Warranty repairs | 66 | 33 | ||
| Customer returns | 260 | 89 | ||
| Total external failure cost | 326 | 122 | ||
| Total quality cost | $ | 1,056 | $ | 570 |
| Total production cost | $ | 4,150 | $ | 4,550 |
As they were reviewing the report, Elsoe asked Tran what he now thought of the quality improvement program. Tran replied. “I’m relieved that the new quality improvement program hasn’t hurt our bonuses, but the program has increased the workload in the Production Department. It is true that customer returns are way down, but the cell phones that were returned by customers to retail outlets were rarely sent back to us for rework.”
Required:
1. Expand the company’s quality cost report by showing the costs in both years as percentages of both total production cost and total quality cost. (Round your percentage answers to 1 decimal place (i.e 0.1234 should be entered as 12.3).)
| Mercury, Inc. | ||||||||||
| Quality Cost Report | ||||||||||
| (in thousands) | ||||||||||
| Last Year | This Year | |||||||||
| Amount | Percentage of Total Production Cost | Percentage of Total Quality Cost | Amount | Percentage of Total Production Cost | Percentage of Total Quality Cost | |||||
| Prevention costs: | ||||||||||
| Machine maintenance | $250 | % | % | $120 | % | % | ||||
| Training suppliers | 9 | 20 | ||||||||
| Quality circles | 21 | 80 | ||||||||
| Total prevention costs | 280 | 0.0 | 0.0 | 220 | 0.0 | 0.0 | ||||
| Appraisal costs: | ||||||||||
| Incoming inspection | 55 | 30 | ||||||||
| Final testing | 175 | 88 | ||||||||
| Total appraisal costs | 230 | 0.0 | 0.0 | 118 | 0.0 | 0.0 | ||||
| Internal failure costs: | ||||||||||
| Rework | 150 | 70 | ||||||||
| Scrap | 70 | 40 | ||||||||
| Total internal failure costs | 220 | 0.0 | 0.0 | 110 | 0.0 | 0.0 | ||||
| External failure costs: | ||||||||||
| Warranty repairs | 66 | 33 | ||||||||
| Customer returns | 260 | 89 | ||||||||
| Total external failure costs | 326 | 0.0 | 0.0 | 122 | 0.0 | 0.0 | ||||
| Total quality cost | $1,056 | 0.0 | 0.0 | $570 | 0.0 | 0.0 | ||||
| Total production cost | $4,150 | $4,550 | ||||||||
In: Accounting
Highlights of this chapter include informal and formal
proposals (persuasive offers to solve problems, provide
services, or sell equipment) and reports (presents
information to decision-makers after investigation and
analysis):
Components of Informal Proposals (short 2- 4
pages total):
Introduction- reasons for proposal and writer's
qualifications
Background- IDs problem and goals/purposes of
project
Proposal- plan for solving the problem
Staffing- credentials/expertise of project
leaders
Budget- list of project costs
Authorization request- request for approval or
authorization of proposal
Formal Proposals include the above plus the
below optional components (and are much longer):
Copy of RFP
Letter or memo of transmittal
Abstract and/or executive summary
Title page
Table of contents
List of figures
Appendix
Components of an Informal Business Report
include (outlined in Ch 9):
Introduction
Body
Conclusions
Recommendations
Formal reports would include the above plus the
additional items below:
Prefatory (Introductory) Parts
Title page
Letter or memo of transmittal
Table of contents
List of figures
Executive summar
Body of Report
Introduction
Background
Problem or purpose
Significance and scope
Sources and methods
Organization
Discussion of findings
Summary, conclusions, recommendations
Supplementary Parts of a Formal Report
Footnotes or endnotes
Works Cited, References, or Bibliography
Appendix
Watch this excellent video of "How to Write a Business
Plan" and answer the following 3 questions:
https://www.youtube.com/watch?v=Fqch5OrUPvA
According to your studies and this Author:
1. What type of communication is this (report or
proposal, informal or formal, external or internal)?
2. What are the (9) key elements to successful
business plan?
3. What is the most important of these 9 elements?
this is a business question
In: Economics