Questions
Strategies by definition, must employ the entire organisation if it is to achieve its long-term goals.Given...

Strategies by definition, must employ the entire organisation if it is to achieve its long-term goals.Given that today's markets are in constant flux requiring organizations to be nimble if they are to adapt and compete,are strategies even necessary?One could argue that strategies can " shackle" an organization and prevent them from competing successfully in a volatile global economy.Is this position founded? Discuss its merits,provide and defend your position.

In: Operations Management

Biopsychology question What is wrong with these statements: Part 1) Heritability of enuresis (bed wetting) is...

Biopsychology question

What is wrong with these statements:

Part 1) Heritability of enuresis (bed wetting) is 33% in boys and 10% in girls. Therefore, a boy is more affected by his genes (genes associated with bed wetting) than girls are affected by their genes (genes associated with bed wetting).

Part 2) Genes and environments always interact within an individual; heritability can tell us nothing about that interaction.

In: Biology

Accounting - the principle of auditing I need to know how you get the answer, please....

Accounting - the principle of auditing

I need to know how you get the answer, please.

1) explain when revenue was earned in each of the following independent situations:

a. on a February 28, a farmer went to local seed supply store and ordered 600 Kg of seed and promises to pay.

on March 2, the framer was informed that the seeds have arrived at the seed store. on the same day, the farmer went

to the store, paid for the seed and took it home with him.

When should the seed store recognize revenue from the sale of seed in its books?

what is the point of sale? explain why?

b. On June 20, 2015, a student sent a $200 deposit to University College London(UCL)

ti make sure he will have a place in the college for the year starting fall 2015. the (UCL)

has a fiscal year ( financial year) ending June 30. The student enrolled at UCL on August

15, 2015. when should UCLrecognize the $200 as revenue received from the student?

What is the point of sale? Explain Why?

In: Accounting

Hi, my name is Peter Metcalf. I'm the CEO and lead founder of Black Diamond. Very...

Hi, my name is Peter Metcalf. I'm the CEO and lead founder of Black Diamond. Very early on in the beginning of the company, the sports of climbing, mountaineering [inaudible] skiing were relatively small at that time. They've grown dramatically. However, if you aggregated the global demand for that product, then you could have a fairly meaningful business. I recognize that to be competitive, to do what we really wanted to do, we had to think globally. It was going to be about finding these global markets through finding other people who shared our passion, who were young, embryonic businesspeople in many cases who wanted to get into the business because they shared that passion, they knew the markets, they knew the space, and could develop a business as a distributer for us. And as time went on, we did begin to recognize that nobody really cares about Black Diamond as much as Black Diamond people do. And for that reason, we would have to take charge ultimately of the businesses that we were, the business we were conducting overseas through independent distributers. And there was also a recognition that, to be the same brand in Europe or in Asia as we were in North America, we would have to be something slightly different because of cultural values, cultural interpretations.

>> My name is Thomas Hodel. I'm from Switzerland. Born in Lausen. Doing outdoor sports were, was always a big part of my life, so a big passion of me, and that's why I'm here working at Black Diamond sharing that passion. And I have two roles at the moment. On a global view, I'm responsible for all the ski categories, so together with team here, we define strategies and directions for all the categories which belong to the ski side. And then, in Europe, I'm the European category director, so the role there is to make sure whatever we do here works also in Europe and the European needs are covered. It takes a long time to really figure out the differences in Europe, and it's, every country has a different culture, mentality. Having that European perspective, I think that that's definitely asset I can bring into this company and help this company to become more global, to address those needs better.

>> My name is Wim de Jager. Actually pronounced as Wim de Jager, but that's difficult. So Wim de Jager. I go with Wim de Jager. I'm the VP of manufacturing here at Black Diamond. Our business is really global. Our customers are global. And our manufacturing is definitely global as well. So, yeah, we own our own factory in Zhuhai. Products that we assemble and produce in the factory in Zhuhai are also part of this protective products that we use that are being used in climbing and in mountaineering, so the quality needs to be good. But also, we want to ensure that's being done in a good way. So we control it from start to finish, which means how we treat the people, how we manufacture, and how we run the organization, that we ensure that everything is done in the right way.

>> But more importantly, we have a certification and compliance process. We have auditors that go into these factories. We have a very strict guideline of ethical sourcing requirements. So we check these factories. We're not at some sweatshop. Factories that we're in, like, I think an apparel factory we're in in Bangladesh, the people get three meals a day. There's health care. There's English language. There's money for additional education. It's well ventilated, well lit. It's clean. It's safe. Because that's very important to us and 
what our values are.

1. When CEO says their manufacturing operations aren’t sweatshops, Black Diamond is exhibiting

A. Uncertainty avoidance

B. Global perspective

C. Social responsibility

D. Globalization

2. Peter Metcalf founded Black Diamond which creates, produces, and sells outdoor equipment. This is an example of

A. Manufacturing Organization

B. Service Organization

C. A tiered workforce

D. Outsourcing

3. Assume you are the CEO of Black Diamond, a global organization. You realize that some of the people in your organization are more comfortable working in a strong hierarchy while others prefer to work more like colleagues with their managers than as leaders. You have a project that requires highly structured reporting relationships with a clear hierarchy because it is a joint venture project. You believe people from some cultures may not feel comfortable with such a strong hierarchical relationship. In this case, you might seek to put people on the project who are from a (BLANK) country.

A. High Assertiveness

B. High Collectivism

C. High Power Distance

D. High uncertainty avoidance

In: Operations Management

Prompt: To prepare for this journal assignment, view this Avvo commercial. This commercial exemplifies a person...

Prompt: To prepare for this journal assignment, view this Avvo commercial. This commercial exemplifies a person in the aging population with exemplary wellbeing, who feels minimal stress about preparing for death and dying, which is an issue within the aging population. Such preparations include a will or trust, planning and/or paying for funeral arrangements, budgeting for medical expenses, and obtaining life insurance. Making these preparations can have a toll on the individual, but not being prepared can have a negative impact on the family of that individual. What strategies will you utilize as you educate the aging population in your community about preparations for death and dying? Then, reflect on the connection between health and well-being, and the impact of end-of-life preparations on the individual as well as the family. The following critical elements must be addressed: ? Create strategies to use when educating the aging population in a community regarding preparations for death and dying. ? Analyze the impact on an individual regarding making preparations for one’s own death and dying. ? Analyze the impact of making preparations for the death of a family member. ? Consider the interrelationship between health and well-being. How do they relate to each other? You may use examples from the video as well as other resources to support your statements.

In: Nursing

Personal Investment Analysis Find of the cost of a bachelor's degree at the university of your...

Personal Investment Analysis Find of the cost of a bachelor's degree at the university of your choice assume additional costs of $16,000 for an additional fifth year of education to get Master's degree. Assume that all tuition is paid at the beginning of the year. A student considering this investment must evaluate the present value of cash flows from possessing a graduate degree versus holding only the undergraduate degree. Assume that the average student with an undergraduate degree is expected to earn an annual salary of $55,000 per year (assumed to be paid at the end of the year) for 10 years. Assume that the average student with a graduate Masters degree is expected to earn an annual salary of $76,000 per year (assumed to be paid at the end of the year) for nine years after graduation. Assume a minimum rate of return of 10%. Determine the net present value of cash flows from an undergraduate degree. Use the present value table provided in this chapter 26. Determine the net present value of cash flows from a Masters degree, assuming that no salary is earned during the graduate year of schooling. What is the net advantage or disadvantage of pursuing a graduate degree under these assumption?

In: Accounting

Jarvis University (JU)

Jarvis University (JU) is a private, multiprogram U.S. university with a $2 billion endowment fund as of fiscal year-end May 31, 2019. With little government support, JU is heavily dependent on its endowment fund to support ongoing expenditures, especially because the university's enrollment growth and tuition revenue have not met expectations in recent years. The endowment fund must make a $126 million annual contribution, which is indexed to inflation, to JU's general operating budget. The U.S. Consumer Price Index is expected to rise 2.5% annually and the U.S. higher education cost index is anticipated to rise 3% annually. The endowment has also budgeted $200 million due on January 31, 2020, representing the final payment for construction of a new main library.
In a recent capital campaign, JU only met its fund-raising goal with the help of one very successful alumna, Valerie Bremner, who donated $400 million of Bertocchi Oil and Gas common stock at fiscal year-end May 31, 2019. Bertocchi Oil and Gas is a large-capitalization, publicly traded U.S. company. Bremner donated the stock on the condition that no more than 25% of the initial number of shares may be sold in any fiscal year. No substantial additional donations are expected in the future. Given the large contribution to and distributions from the endowment fund, the endowment fund's investment committee has decided to revise the fund's investment policy statement. The investment committee also recognizes that a revised asset allocation may be warranted. The asset allocation in place for the JU endowment fund as of May 31, 2019, is given in Table 28E .
a. Prepare the components of an appropriate investment policy statement for the Jarvis University endowment fund as of June 1, 2019, based only on the information given.
Each component in your response must specifically address circumstances of the JU endowment fund.
Table 28

Jarvis University (JU) is a private, multiprogram U.S. university with

Jarvis University endowment fund asset allocation as of May 31, 2019
b. Determine the most appropriate revised allocation percentage for each asset in Table 28E as of June 1, 2019. Justify each revised allocation percentage.

In: Finance

Businesses have been hit severely in the light of Covid-19 pandemic and the Movement Control Order...

  1. Businesses have been hit severely in the light of Covid-19 pandemic and the Movement Control Order imposed by the Malaysian Government to curb the spread of the disease. Karim, a business owner of a restaurant in Negeri Sembilan, had to shut down his business as the abrupt decline in his business income could not sustain the business operating expenses. Briefly explain the type of assessment that could be issued to Karim by the Director-General of Inland Revenue Board of Malaysia when he ceased his business, and why this assessment is issued.

                                                                                                                                        

  1. Based on each of the situations below, explain the type of offence, the provision of the offence under Income Tax Act 1967, and penalty (fine/imprisonment) faced by the taxpayers:

                                         

  1. Aaron submitted a duly completed return for the year of assessment 2019 on his own. He had declared business income from selling imported gift items and souvenirs. It was discovered during a tax audit that he had not declared his income from the rental business that he has been carrying on for the past 5 (five) years.

                                                                                                                  

  1. Ben is a head of accounting department in LHS Sdn Bhd. For the year of assessment 2019, he was instructed by the director of the company (Tan), to reclassify certain entertainment expenses of the company (which are not allowable for income tax purposes) as purchases of goods and service. By doing so, he managed to understate the tax liability of the company by more than RM5,000 for 2019. This was discovered during a tax audit.

                                                                                                                                                                                                       

  1. Chong is a tax agent, appointed by Rinata Sdn Bhd to prepare the tax computation for the company. A detailed statement for "Sundry Expenses" of RM80,000 provided by Rinata Sdn Bhd had clearly indicated that a donation of RM10,000 was included therein. Chong made an immediate request in writing for the receipt, advising the company that only donations made to approved bodies or institutions under section 44(6) would be eligible for deduction. Rinata Sdn Bhd confirmed in a letter that the donation had been made to an approved body and that it was in the process of obtaining the receipt for it. In view of the impending due date for the submission of the return and relying on that confirmation, Chong made the relevant adjustments for the donation in the tax computation. It was discovered during a tax audit that there has been an understatement of the company's tax liability as the donation had been made to a non-approved body, about which the company had neglected to inform Chong as the tax agent subsequently.

     

  1. Fatt, a graduate of Lim Kok Wing University, founded a startup business in Selangor after he graduated. He has been earning a steady income from his business venture in 2019. However, he did not declare any of his income to the Inland Revenue Board of Malaysia by filing Income Tax Return Form, as he was afraid of not getting any government assistance thereafter as his income exceeds the limit stipulated.

In: Finance

On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred...

On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company’s first month.

April 1 Nozomi invested $42,000 cash and computer equipment worth $30,000 in the company.
2 The company rented furnished office space by paying $2,500 cash for the first month’s (April) rent.
3 The company purchased $1,100 of office supplies for cash.
10 The company paid $2,400 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.
14 The company paid $1,000 cash for two weeks' salaries earned by employees.
24 The company collected $8,500 cash for commissions earned.
28 The company paid $1,000 cash for two weeks' salaries earned by employees.
29 The company paid $350 cash for minor repairs to the company's computer.
30 The company paid $950 cash for this month's telephone bill.
30 Nozomi withdrew $1,600 cash from the company for personal use.

The company's chart of accounts follows:

101 Cash 405 Commissions Earned
106 Accounts Receivable 612 Depreciation Expense—Computer Equip.
124 Office Supplies 622 Salaries Expense
128 Prepaid Insurance 637 Insurance Expense
167 Computer Equipment 640 Rent Expense
168 Accumulated Depreciation—Computer Equip. 650 Office Supplies Expense
209 Salaries Payable 684 Repairs Expense
301 J. Nozomi, Capital 688 Telephone Expense
302 J. Nozomi, Withdrawals 901 Income Summary

Use the following information:

  1. Prepaid insurance of $133 has expired this month.
  2. At the end of the month, $800 of office supplies are still available.
  3. This month’s depreciation on the computer equipment is $500.
  4. Employees earned $450 of unpaid and unrecorded salaries as of month-end.
  5. The company earned $2,150 of commissions that are not yet billed at month-end.

Required:
1. & 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet accounts.
3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30.
4. Journalize the adjusting entries for the month and prepare the adjusted trial balance.
5a. Prepare the income statement for the month of April 30.
5b. Prepare the statement of owner's equity for the month of April 30.
5c. Prepare the balance sheet at April 30.
6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b.
6b. Post the journal entries to the ledger.
7. Prepare a post-closing trial balance.

Complete this question by entering your answers in the tabs below.

  • Req 1 and 2
  • Req 3
  • Req 4 Adj Entries
  • Req 4 Adj Trial Bal
  • Req 5A
  • Req 5B
  • Req 5C
  • Req 6A
  • Req 6B GL
  • Req 7

Prepare the income statement for the month of April 30.

ADVENTURE TRAVEL
Income Statement
For Month Ended April 30
Revenues:
Expenses:
Total expenses 0
$0
  • repare the balance sheet at April 30.

    ADVENTURE TRAVEL
    Balance Sheet
    April 30
    0
    Total assets $0
    Total liabilities and equity $0

    Journal entry worksheet

  • Record the entry to close revenue account(s).
  • Note: Enter debits before credits.

    Date General Journal Debit Credit
    April 30

In: Accounting

On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions...

On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company’s first month.
  

April 1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company in exchange for common stock.
2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent.
3 The company purchased $1,000 of office supplies for cash.
10 The company paid $2,400 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.
14 The company paid $1,600 cash for two weeks' salaries earned by employees.
24 The company collected $8,000 cash on commissions from airlines on tickets obtained for customers.
28 The company paid $1,600 cash for two weeks' salaries earned by employees.
29 The company paid $350 cash for minor repairs to the company's computer.
30 The company paid $750 cash for this month's telephone bill.
30 The company paid $1,500 cash in dividends.

  
The company's chart of accounts follows:

101 Cash 405 Commissions Earned
106 Accounts Receivable 612 Depreciation Expense—Computer Equip.
124 Office Supplies 622 Salaries Expense
128 Prepaid Insurance 637 Insurance Expense
167 Computer Equipment 640 Rent Expense
168 Accumulated Depreciation—Computer Equip. 650 Office Supplies Expense
209 Salaries Payable 684 Repairs Expense
307 Common Stock 688 Telephone Expense
318 Retained Earnings 901 Income Summary
319 Dividends

  
Use the following information:

Two-thirds (or $133) of one month’s insurance coverage has expired.

At the end of the month, $600 of office supplies are still available.

This month’s depreciation on the computer equipment is $500.

Employees earned $420 of unpaid and unrecorded salaries as of month-end.

The company earned $1,750 of commissions that are not yet billed at month-end.

  
Required:
1. & 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet accounts.
3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30.
4. Journalize and post the adjusting entries for the month and prepare the adjusted trial balance.
5a. Prepare the income statement for the month of April 30, 2017.
5b. Prepare the statement of retained earnings for the month of April 30, 2017.
5c. Prepare the balance sheet at April 30, 2017.
6a. Prepare journal entries to close the temporary accounts and then post to Requirement 6b.
6b. Post the journal entries to the ledger.
7. Prepare a post-closing trial balance.

Using adjusted account balances from Requirement 6b, prepare an adjusted trial balance as of April 30.

ADVENTURE TRAVEL
Adjusted Trial Balance
April 30, 2017
Account Title Debit Credit
101: Cash $27,000
106: Accounts receivable 1,750
124: Office supplies 600
128: Prepaid insurance 2,267
167: Computer equipment 20,000
168: Accumulated depreciation—Computer equipment 500
209: Salaries payable 420
307: Common stock 50,000
318: Retained earnings
319: Dividends
405: Commissions earned
612: Depreciation expense—Computer equipment
622: Salaries expense
637: Insurance expense
640: Rent expense
650: Office supplies expense
684: Repairs expense
688: Telephone expense
Total $51,617 $50,920

In: Accounting