Please solve:
CASE 9–30 Evaluating a Company’s Budget Procedures
Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is manager of the machine shop in the company’s factory; Jim is manager of the equipment maintenance department.
The men had just attended the monthly performance evaluation meeting for plant department heads. These meetings had been held on the third Tuesday of each month since Robert Ferguson, Jr., the president’s son, had become plant manager a year earlier.
As they were walking, Tom Emory spoke: “Boy, I hate those meetings! I never know whether my department’s accounting reports will show good or bad performance. I’m beginning to expect the worst. If the accountants say I saved the company a dollar, I’m called ‘Sir,’ but if I spend even a little too much—boy, do I get in trouble. I don’t know if I can hold on until I retire.”
Tom had just been given the worst evaluation he had ever received in his long career with Ferguson & Son. He was the most respected of the experienced machinists in the company. He had been with Ferguson & Son for many years and was promoted to supervisor of the machine shop when the company expanded and moved to its present location. The president (Robert Ferguson, Sr.) had often stated that the company’s success was due to the high-quality work of machinists like Tom. As supervisor, Tom stressed the importance of craftsmanship and told his workers that he wanted no sloppy work coming from his department.
When Robert Ferguson, Jr., became the plant manager, he directed that monthly performance comparisons be made between actual and budgeted costs for each department. The departmental budgets were intended to encourage the supervisors to reduce inefficiencies and to seek cost reduction opportunities. The company controller was instructed to have his staff “tighten” the budget slightly whenever a department attained its budget in a given month; this was done to reinforce the plant manager’s desire to reduce costs. The young plant manager often stressed the importance of continued progress toward attaining the budget; he also made it known that he kept a file of these performance reports for future reference when he succeeded his father.
Tom Emory’s conversation with Jim Morris continued as follows:
Emory: I really don’t understand. We’ve worked so hard to meet the budget, and the minute we do so they tighten it on us. We can’t work any faster and still maintain quality. I think my men are ready to quit trying. Besides, those reports don’t tell the whole story. We always seem to be interrupting the big jobs for all those small rush orders. All that setup and machine adjustment time is killing us. And quite frankly, Jim, you were no help. When our hydraulic press broke down last month, your people were nowhere to be found. We had to take it apart ourselves and got stuck with all that idle time.
Morris: I’m sorry about that, Tom, but you know my department has had trouble making budget, too. We were running well behind at the time of that problem, and if we’d spent a day on that old machine, we would never have made it up. Instead we made the scheduled inspections of the forklift trucks because we knew we could do those in less than the budgeted time.
Emory: Well, Jim, at least you have some options. I’m locked into what the scheduling department assigns to me and you know they’re being harassed by sales for those special orders. Incidentally, why didn’t your report show all the supplies you guys wasted last month when you were working in Bill’s department?
Morris: We’re not out of the woods on that deal yet. We charged the maximum we could to other work and haven’t even reported some of it yet.
Emory: Well, I’m glad you have a way of getting out of the pressure. The accountants seem to know everything that’s happening in my department, sometimes even before I do. I thought all that budget and accounting stuff was supposed to help, but it just gets me into trouble. It’s all a big pain. I’m trying to put out quality work; they’re trying to save pennies.
Required:
|
1a |
Identify the problems that appear to exist in Ferguson & Son Manufacturing Company’s budgetary control system and explain how the problems are likely to reduce the effectiveness of the system. |
|
1b. |
Explain how Ferguson & Son Manufacturing Company’s budgetary control system could be revised to improve its effectiveness. |
In: Accounting
CASE 8-30 Evaluating a Company's Budget Procedures
[LO8-1] image Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is manager of the machine shop in the company's factory; Jim is manager of the equipment maintenance department. The men had just attended the monthly performance evaluation meeting for plant department heads. These meetings had been held on the third Tuesday of each month since Robert Ferguson, Jr., the president's son, had become plant manager a year earlier. As they were walking, Tom Emory spoke: “Boy, I hate those meetings! I never know whether my department's accounting reports will show good or bad performance. I'm beginning to expect the worst. If the accountants say I saved the company a dollar, I'm called ‘Sir,’ but if I spend even a little too much—boy, do I get in trouble. I don't know if I can hold on until I retire.” Tom had just been given the worst evaluation he had ever received in his long career with Ferguson & Son. He was the most respected of the experienced machinists in the company. He had been with Ferguson & Son for many years and was promoted to supervisor of the machine shop when the company expanded and moved to its present location. The president (Robert Ferguson, Sr.) had often stated that the company's success was due to the high-quality work of machinists like Tom. As supervisor, Tom stressed the importance of craftsmanship and told his workers that he wanted no sloppy work coming from his department. When Robert Ferguson, Jr., became the plant manager, he directed that monthly performance comparisons be made between actual and budgeted costs for each department. The departmental budgets were intended to encourage the supervisors to reduce inefficiencies and to seek cost reduction opportunities. The company controller was instructed to have his staff “tighten” the budget slightly whenever a department attained its budget in a given month; this was done to reinforce the plant manager's desire to reduce costs. The young plant manager often stressed the importance of continued progress toward attaining the budget; he also made it known that he kept a file of these performance reports for future reference when he succeeded his father. Tom Emory's conversation with Jim Morris continued as follows:
Emory: I really don't understand. We've worked so hard to meet the budget, and the minute we do so they tighten it on us. We can't work any faster and still maintain quality. I think my men are ready to quit trying. Besides, those reports don't tell the whole story. We always seem to be interrupting the big jobs for all those small rush orders. All that setup and machine adjustment time is killing us. And quite frankly, Jim, you were no help. When our hydraulic press broke down last month, your people were nowhere to be found. We had to take it apart ourselves and got stuck with all that idle time.
Morris: I'm sorry about that, Tom, but you know my department has had trouble making budget, too. We were running well behind at the time of that problem, and if we'd spent a day on that old machine, we would never have made it up. Instead we made the scheduled inspections of the forklift trucks because we knew we could do those in less than the budgeted time.Page 390
Emory: Well, Jim, at least you have some options. I'm locked into what the scheduling department assigns to me and you know they're being harassed by sales for those special orders. Incidentally, why didn't your report show all the supplies you guys wasted last month when you were working in Bill's department?
Morris: We're not out of the woods on that deal yet. We charged the maximum we could to other work and haven't even reported some of it yet.
Emory: Well, I'm glad you have a way of getting out of the pressure. The accountants seem to know everything that's happening in my department, sometimes even before I do. I thought all that budget and accounting stuff was supposed to help, but it just gets me into trouble. It's all a big pain. I'm trying to put out quality work; they're trying to save pennies.
Required:
1.-Identify the problems that appear to exist in Ferguson & Son Manufacturing Company's budgetary control system and explain how the problems are likely to reduce the effectiveness of the system.
2.-Explain how Ferguson & Son Manufacturing Company's budgetary control system could be revised to improve its effectiveness.
PLEASE RESPOND WITH COPY AND PASTE, NOT ATTACHMENT, USE "ORIGINAL CONTENT" NOT USED BEFORE ON CHEGG
PLEASE ANSWER THROUGHLY TO ALL ANSWER TO BEST ABILITES. THANKS.
In: Accounting
You are a researcher at a small biotech company and your company has just obtained the license for use of a human GENOMIC DNA fragment putatively encoding a potentially novel protein, which is thought to regulate p53, the known tumor supressor protein. The scientists who originally cloned this GENE fragment HDM5 "claim" that HDM5 shares 93% DNA sequence homology with one of the HDM2 genes (refer to the review Levine & Oren, 2009). They propose that HDM5 may have HDM2-like properties and may be involved in regulating cell proliferation, and thus a good target to potentially develop as a cancer therapy. Your company has asked you to characterize the gene and gene products, as well as to provide an opinion as to its potential human therapeutic uses.
You are now convinced that the protein encoded by your HDM5 gene shares homology to HDM2 genes and shares functional similarities.
What is your advice to your company regarding the potential usefulness of this HDM5 gene and its product in the development of human therapies? Propose the mechanism of action of your gene's product and suggest one potential therapeutic approach based on this gene. (Consider consulting the Levine & Oren 2009 article!)
In: Biology
As the Covid-19 pandemic continues around the globe, one area of active research is to identify a plausible origin of this novel coronavirus (also called SARS-CoV-2). Early genomic studies suggest that the evolutionary precursor to SARS-CoV-2 may reside in bats since the bat coronavirus and SARS-CoV-2 have many similar sequences. However, there have been no documented cases of direct bat-human transmission, which suggests that an intermediate host was likely involved between bats and humans.
There are many different species of bats, and the Chinese horseshoe bat is just one that may be linked to the Covid-19 pandemic. However, much research is still needed to support or disprove this hypothesis.
The diploid number for a horseshoe bat is 62 (i.e., 2n = 62).
Give the number of each of the following that would be present in a cell in a horseshoe bat during each of the following stages of either mitosis or meiosis.
A. Anaphase of mitosis:
I) chromosomes:
ii) chromatids:
iii) DNA molecules:
iv) telomeres:
B. Anaphase of meiosis I
I) chromosomes:
ii) chromatids:
iii) DNA molecules:
iv) telomeres:
C. Anaphase of meiosis II
I) chromosomes:
ii) chromatids:
iii) DNA molecules:
iv) telomeres:
In: Biology
Java:
The goal is to find the number of unique words found in a story file text.txt but there some conditions
1. each such word must be found in the dictionary WordList.txt file,
2. each such word should not be among the commonly used ones such as a, it, etc. Such forbidden words are listed in a separate file called stopwords.txt.
Output will be the single number which is the number of unique words in the story file. Use only ArrayLists or arrays as data structures for your coding and eliminate anything other than a-z,A-Z, lowercasing each, removing empty strings.
text.txt:
Louisa May Alcott's novel brings to life vividly the life of New England during the nineteenth century. A life that was tranquil, secure, and productive. It is little wonder, for she drew on her own and on her family's experiences for her work. As one of four daughters growing up in Boston.
WordList.txt:
i
we
did
sometimes
oh
travels
here
there
but
now
it
you
not
alone
serves
neighboring
disk
digitized
aardvark
aardwolf
tranquil
secure
productive.
abandon
abandoned
abandonment
abandons
stopwords.txt:
i
me
my
myself
we
our
ours
ourselves
you
your
yours
yourself
yourselves
he
him
his
In: Computer Science
Life Science 2 Answer all questions please!
1. Lack of microbes on the sterile Martian surface may
A. weaken our immune system
B. amplify our immune system
C. have no effect on our immune system
2. Mass vaccinations, along with detection and containment efforts, led to the successful eradication of human-human transmission of
A. Influenza
B. Mumps
C. Smallpox
D. Measles
3. Aging reduces all of the following in the circulatory system except
A. white blood cells
B. hemoglobin
C. lymphocytes
4. A major factor in the spread of transspecies hybrid viruses is
A. lack of vaccines against these novel viruses
B. host organisms lack antibodies against these novel pathogens
C. there is no herd immunity against novel pathogens
D. all of the above
5. There are more stars in the sky than there are grains of sand on all of the beaches on earth.
true
false
6. Aging affects hearing because
A. a decline in the ability to hear high frequencies occurs
B. ear size get smaller as a person ages
C. the bones of the middle ear waste away
7. The action of a neuron is “signal” or “no signal” due to the presence of neurotransmitters.
true
false
8. Physical and physiological differences between humans and life in other galaxies may prohibit contact.
true
false
9. The record number of extreme climate events in 2019
A. increased 14% above average
B. increased 50% above average
C. decreased 14% below average
D. decreased 50% below average
10. The limbic system involves simple memory, including the recollection of favorable and unfavorable circumstances, allowing linkage of experiences as rudimentary “good” or “bad” feelings.
true
false
11. Within the neocortex lies the amygdala, which evaluates every situation as threatening or not.
true
false
12. Endocrine changes as a result of aging
A. differ between genders
B. are regulated by a central pacemaker in the hypothalamus
C. cause hormonal alterations
D. all of the above
13. Warming Mars could be accomplished by
A. using PFCs
B. positioning mirrors to reflect sunlight onto the planet
C. transferring nitrogen from Venus or Titan
D. all of the above
14. Mars is considered favorable for human habitation because
A. the length of day and year are similar to Earth
B. Mars has seasons like Earth
C. Mars tilts on an axis of rotation like Earth
D. all of the above
15. Long-term changes related to extended time in space have been observed in
A. bone formation
B. telomeres
C. the immune system
D. DNA
E. all of the above
16. During aging, there is a slight reduction in heart rate because
A. the heart increases in size
B. fatty & fibrous tissues accumulate around the SA node
C. the heart valve stiffen
17. Bushmeat consumption is thought to be a method of transmission of
A. SIV
B. Zika
C. Influenza
D. SARS
18. Construction of human connectomes would allow detailed study of brain physiology, abilities, and behavior.
true
false
19. The mind is altered by each new event it encounters.
true
false
20. By 2100, global warming is estimated to stunt plant growth by
A. 5%
B. 11%
C. 25%
D. 50%
21. Both humans and the universe are composed of hydrogen, oxygen, carbon, and nitrogen
true
false
22. The neocortex overrides the primitive actions of the reptilian brain and limbic system, giving rise to rational thinking.
true
false
23. Human health is affected by climate change
A. through increased disease transmission
B. increased acute and chronic respiratory conditions
C. malnutrition as a result of food insecurity
D. increased melanoma diagnoses due to UV exposure
E. all of the above
24. Increased temperature affects animal physiology by
A. increasing water consumption by 2-3X
B. impairing metabolism
C. decreasing reproduction
D. changing optimum growth rate
E. all of the above
25. Extreme weather events can trigger
A. PTSD
B. increased risk of violence and aggression
C. substance abuse
D. financial and relationship stress
E. all of the above
26. Placing a magnetic dipole field between Mars and the sun may help restore Mars'
A. atmosphere
B. water availability
C. temperature regulation
In: Biology
|
Present and Future Values of Single Cash Flows for Different Periods Find the following values, using the equations, and then work the problems using a financial calculator to check your answers. Disregard rounding differences. (Hint: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in parts b and d, and in many other situations, to see how changes in input variables affect the output variable.) Do not round intermediate calculations. Round your answers to the nearest cent.
|
In: Finance
Using Excel to Plot a Histogram
This exercise is to be completed using Microsoft Excel and will be turned in on Thursday, September
20th in class. You are to follow the steps we used in class on 9-13-2018 to construct the histogram
for the data consisting of the ages of the 50 most powerful women in the world from 2012 (Source:
Page 39 of textbook via Forbes Magazine). Your work should have columns for:
1. the raw data;
2. the data sorted in ascending order;
3. the maximum data value;
4. the minimum data value;
5. the range;
6. the class width using 7 classes;
7. the lower class limits;
8. the upper class limits;
9. the 7 classes themselves;
10. the frequency of the data within the 7 classes.
Your work should also include a picture of the corresponding histogram labeled as follows:
•Main Title:
“Age Distribution of the 50 Most Powerful Women for 2012 (new line) n = 50”
•Vertical Axis Title:
“Frequency”
•Horizontal Axis Title:
“Age Classes”
Please do not write on the paper to explain how to make this plot. PLEASE let me know the order what I should press to complete this plot in Excel. I need to finish this work in Excel, so I need easy and understandable explaination, such as what to press in to create class width in Excel something like that
This is Raw value to make this plot in Excel.
| Raw Age Data |
| 26 |
| 51 |
| 58 |
| 66 |
| 31 |
| 51 |
| 58 |
| 67 |
| 35 |
| 51 |
| 58 |
| 67 |
| 37 |
| 52 |
| 58 |
| 72 |
| 43 |
| 54 |
| 59 |
| 86 |
| 43 |
| 54 |
| 59 |
| 43 |
| 54 |
| 59 |
| 44 |
| 54 |
| 62 |
| 45 |
| 55 |
| 62 |
| 47 |
| 55 |
| 63 |
| 48 |
| 55 |
| 64 |
| 48 |
| 56 |
| 65 |
| 49 |
| 57 |
| 65 |
| 50 |
| 57 |
| 65 |
| 51 |
| 57 |
| 66 |
In: Statistics and Probability
In: Accounting
ESS 336: Exercise Prescription
Exercise Prescription Assignment
Demographic Data
Client: 35 year old femaleResting BP: 132/84 mmHg
Resting HR: 83 bpmTotal cholesterol: 203 mg/dl
Max HR: 185 bpmHDL-cholesterol: 62 mg/dl
Height: 67 in. (170.8 cm)LDL-cholesterol: 110 mg/dl
Body Weight: 143 lbs (65 kg)Daily Caloric Intake: 2000 kcals
Body Fat: 23%Activity Level: lightly active
Desired Body Fat: 20%Job: office work (sitting, standing)
Muscular Fitness Data (1 RM’s)
Bench Press: 90 lbsArm Curl: 45 lbsLat Pull-down: 85 lbs
Leg Press: 230 lbsLeg Extension: 80 lbsLeg Curl: 40 lbs
Cardiorespiratory Fitness Data (Treadmill Test)
| Stage |
Speed (mph) |
% Grade | METs |
Time (min) |
HR (bpm) |
RPE |
| 1 | 3 | 1 % | :45 | 90 | 0 | |
| 1:45 | 92 | 1 | ||||
| 2 | 6.0 | 2.5 % | 2:45 | 105 | 3 | |
| 3:45 | 107 | 3 | ||||
| 3 | 6.0 | 5.0 % | 4:45 | 128 | 6 | |
| 5:45 | 132 | 6 | ||||
| 4 | 6.0 | 7.5 % | 6:45 | 145 | 7 | |
| 7:45 | 146 | 7 | ||||
| 5 | 6.0 | 10 % | 8:45 | 160 | 9 | |
| 9:45 | 168 | 10 |
Data Analysis *{SHOW WORK FOR ALL CALCULATIONS}
In: Nursing