MURPHY WAREHOUSE COMPANY: Sustainable Logistics Richard Murphy Jr., the CEO of Murphy Warehouse Company, has spent a great deal of time analyzing sustainable ways to conserve resources, reduce costs, improve the well-being of his employees, and promote his company as an environmentally responsible logistics provider. Murphy also realizes that the benefits of sustainable projects must be weighed against the costs and payback periods of these investments. . • Richard Murphy Jr. is the CEO of Murphy Warehouse Company, a family-run company that began over 100 years ago. • He has responsibility to maintain the financial viability of the company that is now in its fourth generation of family ownership. • One of his biggest challenges is to understand how the company should adapt to a changing business environment while conserving the company’s financial resources and protecting the core business model that has sustained it for so long. • One major force in the current business environment is the sustainability movement, which focuses on the responsible use of natural resources. • Richard Murphy, you are trying to find the opportunities to adopt sustainable practices that also make financial sense to Murphy Warehouse Company. • He has successfully implemented several sustainable projects in his company • He is now faced with deciding to invest over a half million dollars in a stormwater project that presents an unusually long payback period. It is a complicated decision that involves high expense, multiple tangible and intangible variables, and a fair amount of risk that something might go wrong. What do you do? • One of Murphy’s biggest challenges is to understand how the company should adapt to a changing business environment, while conserving the company’s financial resources and protecting the core business model that has sustained it for so long. • A major force in the current business environment is sustainable (green) practices, which focuses on the responsible use of natural resources. • The case depicts Richard Murphy trying to find new opportunities to adopt sustainable practices that also make financial sense to MWC. One of the main goals of the case is to move away from the mindset that green practices are primarily for businesses who are willing to sacrifice sound financial decision making models to pursue ethical and moral imperatives to “do the right thing” for society and the environment. The case strives to show how sustainable practices can be part of running a business that can tout its environmental achievements while maximizing long-term profits. The case provides financial details on the conversion of lawn to prairie so you need to calculate a payback period that shows this project made financial sense 2 The lawn to prairie conversion also introduces several intangible and less quantifiable important benefits, including the reduction in the urban heat island effect, the attractive natural buffers between MWC and adjacent properties, and the attraction of wildlife to the area. Murphy has also gained a great deal of positive publicity for his prairie conversion project by sharing his experience at professional society meetings, local universities, and print media publications. Other projects at MWC that are described in the case provide further evidence that sustainable investments and profitability can go hand in hand. • The purchase of dock blankets • Upgrade in the lighting systems • Painting the ceilings white These are examples where green initiatives and disciplined financial decision making can be complementary. The decision point of the case-when Murphy is evaluating the feasibility of the stormwater project You need to evaluate the pros and cons of the stormwater project, considering both tangible and intangible factors. The payback period should be calculated, using the numbers provided in the case. Your team needs to discuss whether the significantly longer payback period can be justified (compared to traditional business practice and to previous projects at MWC). You need to show that sustainability is part of the “continuous improvement” management philosophy. You can see that the case demonstrates this by mentioning Richard Murphy’s explorations of new energy technologies in solar, wind, and geothermal. He seeks partnerships with local utilities and researches government incentive programs that enhance the financial returns for businesses that adopt green practices. Making sustainability part of on-going company culture and management practice is promoted by the USGBC, LEED, and ISO 14000 organizations, as described in the case. The case also mentions several times that sustainability practice is a necessary part of being a player in the competitive marketplace in terms of attracting clients and building positive public relations.

Can you please Recommend what steps should the CEO take?

answer the following question and back up your answer with logical reasoning.   Include a comment to EACH of the 5 critical pieces of ethics （INTEGRITY, OBJECTIVITY, PROFESSIONAL COMPETENCE, CONFIDENTIALITY and PROFESSIONAL BEHAVIOR） minimum of 200 words.
; how they would be disregarded, and what would make it right?

You are a CIMA (Chartered Institute of Management Accountants) member who is a non-executive director of a large services company. The board of directors meets on a monthly basis to discuss the quarterly forecast and other business issues.It is the responsibility of the finance director to distribute papers at least two weeks prior to the date of the meeting. These papers should first be signed off by the CEO. Recently documents have only been received a day before the meeting. You have raised this with the finance director who has stated the delay is due to the sign-off by the CEO. You do not feel that you are given sufficient time to review the papers, and also believe the information that is available is not complete and therefore difficult to fully appraise. The CEO is a very dominant character and many members of the board are nervous about broaching the matter. What would you do?

You will be conducting research for Mcdonald and providing analysis on how the economy is doing. You are going to act as a consultant and provide economic research using 2-3 different data indicators/points. You are going to find two relevant economic data indicators(examples, unemployment rate, inflation rate, employment rate, GDP, producer price index….etc) that are relevant to your industry and evaluate how the industry is going to be doing in the next 6 months given the economic data and forecasts that you have evaluated. You are going to be consulting with the CEO to give him your predictions and what he should plan on doing in his job given the current economic situation. Make sure that you are clear and concise with the data indicator that you selected and why you selected it. You will need to make sure to focus on how the data indicator will focus on the industry that you selected and the decisions that businesses will be facing in the upcoming months with your advice. The CEO is relying on your evaluations to make sure that his company does well. You will be graded on the quality of your argument to the CEO, use of data indicators and application to industry, analysis of content

a company that faced controversy due to its business communication. Examples: a company displayed controversial advertising that some found offensive. A senior official made statements that were perceived offensive. A tweet was accidentally blasted publicly that was offensive. An internal document surfaced that was demeaning to a gender/race/culture/class, etc. talk about the company's controversial business communication, the reaction from the public, the damage control performed by the company, and the lasting repercussions of the company's actions.

• Were you offended by the communication?
• What could the company have done differently?
• What would you have done if you were the CEO?

Snell Ice Cream Company is designed as a technical organization to attain specific goals throughout the sixteen regions of Ghana. As a Management Consultant, you have been engaged by the Chief Executive Officer of the Company in Accra, to provide consultancy services on the process of management which he/she considers as a key tool needed to be applied throughout the sixteen regions to accomplish the Company’s goals.

Write a Report to the CEO of Snell Ice Cream Company describing to him/her the process of management and explain how it can be used to accomplish results in the Company

At least 2pages. The Subject is Principles of Management.

Post financial crisis period or post oil/commodities bust period that began couple of years ago, many Blue Chip companies, including many banks and oil and mining companies that were once considered the staple of dividend distribution, announced dramatic cutbacks in dividends. As expected, the markets punished these stocks severely and many of these companies that have not returned to their former dividend policies (with some recent rise in dividend levels for U.S. bank) operate with depressed stock prices.

Your post should answer the following question: do you believe that these companies’ dividend cuts, especially the ones in the banking sector, is a direct outcome of classic financial forecasting that is showing a dark future for many years to come or do you believe that these decisions are more short-term reflecting the current extraordinary economic environment? Do you agree these companies have made the right move considering the punishment their stock price has suffered by the hand of investors? What other examples of companies with significant dividend distribution policy changes you can think about?

Earnings per share Bass Ltd, a leading producer of construction, mining and electrical equipment, suffered a significant drop in the demand of the company’s products due to COVID-19 in 2020 that significantly threatens the financial stability of the company. Bass in order to survive in this critical situation decides to restructure its strategy for forthcoming years. Changes in company strategies and accounting policies have a significant impact on reported profit. The basic earnings per share and diluted earnings per share presented in the company’s current year financial statements in accordance with “AASB 133 Earnings per Share” were comparatively higher than that of the last year. In contrast, company share prices have dropped by 20% at the reporting date, according to Yahoo finance.

While most shareholders seem unhappy to own company shares for the meagre dividend attached to them the question of whether Bass Ltd are fully valued at their current share prices continues to linger.

The directors of Bass Ltd are not sure how to calculate and include basic and diluted earnings per share in the company’s financial statements in accordance with AASB 133, and called for a report from the Finance Manager of the company.

On 30 June 2020, Bass Ltd had the following equity:

Preference shares (issued at $ 2 each) 500 000 shares Ordinary shares (issued at $ 3 each) $ 3 000 000 Retained earnings $1 250 000 Reserves $ 520 000 Total equity $ 5 770 000 During the year ended 30 June 2020, the company earned after tax profit of $1 240 000 from ordinary activities. The additional information is available.

i. On 20 November 2019, the company made a one-for-five bonus issue, and on 30 March 2020, the company made a rights issue of 400 000 ordinary shares.

ii. On 20 July 2017, the company issued $ 750 000 of 8% convertible notes. Each $ 100 note was convertible into 50 ordinary shares. There was no conversion during the year ended 30 June 2020.

iii. On 28 February 2019, the company issued options to purchase 10 000 shares at $ 3.50 each. No options were exercised during the year ended 30 June 2020.

iv. The company income tax rate is $ 0.30 in the dollar and the company’s ordinary shares are trading at $ 5 per share on 30 June 2020.

v. The company paid preference dividends of $ 40 000.  

Required 1. Briefly describe the requirements of AASB 133 ‘earnings per share’ for the calculation of earnings per share.

2. Distinguish between basic and diluted earnings per share.

Following the requirements of AASB 133:

3. Calculate basic earnings per share.

4. Calculate diluted earnings per share.

Question 12

The following facts pertain to a non-cancelable lease agreement between Shamrock Leasing Company and Pharoah Company, a lessee.

1. Compute the amount of the lease receivable at commencement of the lease. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round answer to 2 decimal places, e.g. 5,275.15.)

2. Suppose the collectibility of the lease payments was not probable for Shamrock. Prepare all necessary journal entries for the company in 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 5,275.15.)

On December 31, 2019, Mills Manufacturing Ltd. had a $197,000 balance in its Accounts Receivable and a $10,400 balance in its Allowance for Doubtful Accounts. During 2020, the company made total sales of $858,000, of which $225,000 were cash sales. By the end of the year, Mills had received payments of $552,000 from its customers on account. The company also wrote off as uncollectible $13,300 of its receivables when it learned that these customers had declared bankruptcy. The company was subsequently able to recover $5,700 from one of these customers. (Note that this amount is not included in the cash collections noted above.) Management estimates that bad debts expense will be 3% of its credit sales.

1. Prepare the journal entries to record all the 2020 transactions, including the adjustment for bad debts expense at year end.

2. Show how the accounts receivable section of the statement of financial position at December 31, 2020, would be presented.

3. What amount of bad debts expense would appear in the statement of income for the year ended December 31, 2020?

SS Moving Company reported $400,000 in credit sales in December 2020. The company has historically seen losses (bad debt) of approximately 1% of all credit sales. On December 31, 2020, the Accounts Receivable balance is $201,000. SS’s accountants prepared the following Aging of Accounts Receivable as of December 31, 2020:

--------------------------Number of days past due-----------------------------

Total Balance 0-30 31-60 61-90 Over 90 Accts.

Receivable $201,000 $60,000 $90,000 $50,000 $1,000

Estimated % uncollectible 1% 5% 15% 50%

Assuming that SS Moving Company uses the income statement approach (percentage of credit sales method) to record the bad debt expense each period, record the journal entry for December 2020 in each of the following scenarios (you need two journal entries and they can both be in the space provided).

A) The current balance in the Allowance for Doubtful Accounts is $3,000.

B) The current balance in the Allowance for Doubtful Accounts is $10,000. You should show your journal entries AND your calculations in this space...