India and Nigeria are both former British colonies characterized by extreme divisions. Why was India relatively more successful in its process of democratization than Nigeria?
In: Economics
Do believe that Congress and the former Obama administration or the current Trump administration are responsible for the current Economic situation? Make sure you discuss this in Economic terms.
In: Economics
Your consulting services have been requested by the CEO of a large international corporation. The CEO is concerned about ethical issues surrounding corporate governance from a global perspective. A common example may be where a corporate board of directors breached one or more duties, such as the duty of loyalty, to its shareholders—although there are many other areas where business ethics are at the center of a case that originated at the governance level of an organization.
You are asked to conduct research and analyze a case involving ethical issues surrounding corporate governance from a global position. Briefly describe the facts of the case, the legal issue, and the decision of the court. In addition, discuss the effect of the case from a global business perspective, on society in general, and how the corporation could prevent such issues in the future.
In: Accounting
Your consulting services have been requested by the CEO of a large international corporation. The CEO is concerned about ethical issues surrounding corporate governance from a global perspective. A common example may be where a corporate board of directors breached one or more duties, such as the duty of loyalty, to its shareholders—although there are many other areas where business ethics are at the center of a case that originated at the governance level of an organization. You are asked to conduct research and analyze a case involving ethical issues surrounding corporate governance from a global position.
Briefly describe the facts of the case, the legal issue, and the decision of the court. In addition, discuss the effect of the case from a global business perspective, on society in general, and how the corporation could prevent such issues in the future. Incorporate the legal terminology from your textbook where appropriate, in both your original post and in your responses to your classmates. Use academic or legitimate news sources such as The New York Times, the Los Angeles Times, the Washington Post, CNN, MSNBC, and/or Fox News, for example. Please include the link or links used for your research in your post for your fellow classmates to review and to comment on
In: Accounting
Based on the following, Please answer the following, Thanks!
Imagine you are a human resources professional working at a prominent global company. There have been recent concerns regarding how the organization has been conducting business in the global market, and it has tasked you with identifying problems and recommending solutions. You will analyze information from the case study Nimble Storage: Scaling Talent Strategy Amidst Hyper-Growth for how the organization’s business practices have aligned with more geocentric perspectives, identifying potential gaps in its current practices. You will then make a series of recommendations directed to leadership for addressing identified gaps and ensuring a successful transition regarding your proposed changes.
Introduction:
The Nimble Storage is a hybrid growing data storage System Company situated in Silicon Valley. The CEO of the company is Suresh Vasudevan, and the Vice President of the HR department is Paul Whitney. The company's purpose of developing the hybrid system, which is used in flash memory (It is a storage memory that leads to rapid access to random data) and hard disk to increase the performance of the company at the competitive prices offered to the customers in order to give the efficient and the flash storage platform.
The case analyzes the past performance of the company and the talented hiring of the personnel by Whitney, where the founder and CEO of the company plan to transfer the storage world into the hybrid storage system and wanted to achieve the goal to make a billion dollar company within three years. For this purpose, Suresh Vasudevan aimed to focus on both short term and long term key people initiative to measure the results. The company decided to launch the new leadership program named "LEAD" for the sustainable future growth of the company and also effects on the people initiatives to go forward in future.
The objective of the case is to make quantitative and qualitative analysis by identifying the issues, providing solutions to the problems, and providing an alternative for the growth and evaluating and choosing the best alternative and provide an implementation plan.
Define the issues/Problem statement:
The company has finished its second full fiscal year of storage on January 31, 2013, which provided the great opportunity for reproducing its core values, reviewed the success over the last years and also the strong personnel who made it possible. The company always aims to deliver the world’s most efficient way of data storage by target the broad range of enterprise applications with the goal of optimizing in many factors such as performance efficiency, capacity efficiency, data protection and dramatic simplicity.
Problems/Issues and its solutions:
In order to stabilize the performance, the company faced many potential problems and issues in producing the product and also HR-related issues faced by Whitney.
The first problem was related to the health of the customers' network that led to the unusual high temperature in the data center. The company is now organizing the data center in order to convince the customers to the belief that will help to solve the range of problems in one single platform.
The second problem was the business team was not effective due to lack of motivation and employee turnover, it as one of the biggest challenge that company was facing in last nine months. So, the business wanted to improve its values by making the business by conducting two ways process with the two-sided as the same coin. It would result in the powerful feedback and result oriented of employees, which will result in employee retention and run the business with the order of framework and program perspective.
The company was facing the hiring issue as they wanted to maintain its culture and status quo, the company needed to change the paid time off/personal time off PTO policy in fifteen days, the company wanted to increase the length of services, and they tested the idea but not preferred by the company. Therefore, the employees wanted a favor, and the company made the PTO flexible and unlimited sick leaves and holidays for employee retention.
Suresh Vasudevan had talked about the cultural openness and transparency in sharing the information to the tons of people via any social website, such as Facebook and Google. The company estimates that the openness will be challenging to measure as the hidden information would be exposed publicly.
Questions;
1. Determine gaps in the organization’s current practices within the global market that are relevant to the human resources team of the organization.
2. Determine gaps in the organization’s current practices within the organization that are relevant to the human resources team of the organization from a geocentric perspective. What issues or problems are present regarding the organization’s accommodations for global employees?
3. Determine gaps in the technological tools and structure of the organization that should be considered when working within a global structure.
In: Operations Management
Jen and Larry’s Frozen Yogurt Company
In 2019, Jennifer (Jen) Liu and Larry Mestas founded Jean and Larry’s Frozen Yogurt Company, which was based on the idea of applying the microbrew or microbatch strategy to the production and sale of frozen yogurt. Jen and Larry began producing small quantities of unique flavors and blends in limited editions. Revenues were $600,000 in 2019 and were estimated to be $1.2 million in 2020.
Because Jen and Larry were selling premium frozen yogurt containing premium ingredients, each small cup of yogurt sold for $3, and the cost of producing the frozen yogurt averaged $1.50 per cup. Administrative expenses, including Jen and Larry’s salary and expenses for an accountant and two other administrative staff, were estimated at $180,000 in 2020. Marketing expenses, largely in the form of behind-the-counter workers, in-store posters, and advertising in local newspapers, were projected to be $200,000 in 2020.
An investment in bricks and mortar was necessary to make and sell the yogurt. Initial specialty equipment and the renovation of an old warehouse building in lower downtown (known as LoDo) occurred at the beginning of 2019. Additional equipment needed to make the amount of yogurt forecasted to be sold in 2020 was purchased at the beginning of 2020. As a result, depreciation expenses were expected to be $50,000 in 2020. Interest expenses were estimated at $15,000 in 2020. The average tax rate was expected to be 25% of taxable income.
Calculate the EBDAT breakeven point for 2020 in terms of survival revenues for Jen and Larry’s Frozen Yogurt Company. How many cups of frozen yogurt would have to be sold to reach EBDAT breakeven?
Show what would happen to the EBDAT breakeven point in terms of survival revenues if the cost of producing a cup of yogurt increased to $1.60 but the selling price remained at $3.00 per cup. How would the EBDAT breakeven change if production costs declined to $1.40 per cup when the yogurt selling price remained at $3.00 per cup?
In: Finance
Kingbird Company, a manufacturer of small tools, provided the
following information from its accounting records for the year
ended December 31, 2020.
| Inventory at December 31, 2020 (based on physical count of goods in Kingbird’s plant, at cost, on December 31, 2020) | $1,419,220 | |
| Accounts payable at December 31, 2020 | 1,295,400 | |
| Net sales (sales less sales returns) | 8,926,300 |
Additional information is as follows.
| 1. | Included in the physical count were tools billed to a customer f.o.b. shipping point on December 31, 2020. These tools had a cost of $32,100 and were billed at $41,100. The shipment was on Kingbird’s loading dock waiting to be picked up by the common carrier. | |
| 2. | Goods were in transit from a vendor to Kingbird on December 31, 2020. The invoice cost was $77,100, and the goods were shipped f.o.b. shipping point on December 29, 2020. | |
| 3. | Work in process inventory costing $31,100 was sent to an outside processor for plating on December 30, 2020. | |
| 4. | Tools returned by customers and held pending inspection in the returned goods area on December 31, 2020, were not included in the physical count. On January 8, 2021, the tools costing $33,100 were inspected and returned to inventory. Credit memos totaling $48,100 were issued to the customers on the same date. | |
| 5. | Tools shipped to a customer f.o.b. destination on December 26, 2020, were in transit at December 31, 2020, and had a cost of $27,100. Upon notification of receipt by the customer on January 2, 2021, Kingbird issued a sales invoice for $43,100. | |
| 6. | Goods, with an invoice cost of $28,100, received from a vendor at 5:00 p.m. on December 31, 2020, were recorded on a receiving report dated January 2, 2021. The goods were not included in the physical count, but the invoice was included in accounts payable at December 31, 2020. | |
| 7. | Goods received from a vendor on December 26, 2020, were included in the physical count. However, the related $57,100 vendor invoice was not included in accounts payable at December 31, 2020, because the accounts payable copy of the receiving report was lost. | |
| 8. | On January 3, 2021, a monthly freight bill in the amount of $9,100 was received. The bill specifically related to merchandise purchased in December 2020, one-half of which was still in the inventory at December 31, 2020. The freight charges were not included in either the inventory or in accounts payable at December 31, 2020. |
Prepare a schedule of adjustments as of December 31, 2020, to the
initial amounts per Kingbird’s accounting records. (If
an amount reduces the account balance then enter either with a
negative sign preceding the number, e.g. -15,000 or in parenthesis,
e.g. (15,000).)
|
KINGBIRD COMPANY |
||||||
|
Inventory |
Accounts Payable |
Net Sales |
||||
| Initial amounts | $1,419,220 | $1,295,400 | $8,926,300 | |||
| Adjustments: | ||||||
| 1. | ||||||
| 2. | ||||||
| 3. | ||||||
| 4. | ||||||
| 5. | ||||||
| 6. | ||||||
| 7. | ||||||
| 8. | ||||||
| Total adjustments | ||||||
| Adjusted amounts | $ | $ | $ | |||
In: Accounting
Sunland Company, a manufacturer of small tools, provided the
following information from its accounting records for the year
ended December 31, 2020.
| Inventory at December 31, 2020 (based on physical count of goods in Sunland’s plant, at cost, on December 31, 2020) | $1,467,950 | |
| Accounts payable at December 31, 2020 | 1,182,000 | |
| Net sales (sales less sales returns) | 7,990,400 |
Additional information is as follows.
| 1. | Included in the physical count were tools billed to a customer f.o.b. shipping point on December 31, 2020. These tools had a cost of $31,700 and were billed at $40,700. The shipment was on Sunland’s loading dock waiting to be picked up by the common carrier. | |
| 2. | Goods were in transit from a vendor to Sunland on December 31, 2020. The invoice cost was $76,700, and the goods were shipped f.o.b. shipping point on December 29, 2020. | |
| 3. | Work in process inventory costing $30,700 was sent to an outside processor for plating on December 30, 2020. | |
| 4. | Tools returned by customers and held pending inspection in the returned goods area on December 31, 2020, were not included in the physical count. On January 8, 2021, the tools costing $32,700 were inspected and returned to inventory. Credit memos totaling $47,700 were issued to the customers on the same date. | |
| 5. | Tools shipped to a customer f.o.b. destination on December 26, 2020, were in transit at December 31, 2020, and had a cost of $26,700. Upon notification of receipt by the customer on January 2, 2021, Sunland issued a sales invoice for $42,700. | |
| 6. | Goods, with an invoice cost of $27,700, received from a vendor at 5:00 p.m. on December 31, 2020, were recorded on a receiving report dated January 2, 2021. The goods were not included in the physical count, but the invoice was included in accounts payable at December 31, 2020. | |
| 7. | Goods received from a vendor on December 26, 2020, were included in the physical count. However, the related $56,700 vendor invoice was not included in accounts payable at December 31, 2020, because the accounts payable copy of the receiving report was lost. | |
| 8. | On January 3, 2021, a monthly freight bill in the amount of $8,700 was received. The bill specifically related to merchandise purchased in December 2020, one-half of which was still in the inventory at December 31, 2020. The freight charges were not included in either the inventory or in accounts payable at December 31, 2020. |
Prepare a schedule of adjustments as of December 31, 2020, to the
initial amounts per Sunland’s accounting records. (If
an amount reduces the account balance then enter either with a
negative sign preceding the number, e.g. -15,000 or in parenthesis,
e.g. (15,000).)
|
SUNLAND COMPANY |
||||||
|
Inventory |
Accounts Payable |
Net Sales |
||||
| Initial amounts | $1,467,950 | $1,182,000 | $7,990,400 | |||
| Adjustments: | ||||||
| 1. | ||||||
| 2. | ||||||
| 3. | ||||||
| 4. | ||||||
| 5. | ||||||
| 6. | ||||||
| 7. | ||||||
| 8. | ||||||
| Total adjustments | ||||||
| Adjusted amounts | $ | $ | $ | |||
In: Accounting
Shamrock Company reports pretax financial income of $76,100 for 2020. The following items cause taxable income to be different than pretax financial income.
| 1. | Depreciation on the tax return is greater than depreciation on the income statement by $16,700. | |
| 2. | Rent collected on the tax return is greater than rent recognized on the income statement by $22,700. | |
| 3. | Fines for pollution appear as an expense of $11,100 on the income statement. |
Shamrock’s tax rate is 30% for all years, and the company expects
to report taxable income in all future years. There are no deferred
taxes at the beginning of 2020.
(a)
Compute taxable income and income taxes payable for 2020.
| Taxable income |
$enter a dollar amount |
|
|---|---|---|
| Income taxes payable |
$enter a dollar amount |
In: Accounting
On January 1, 2020, Harrington Company has the following defined
benefit pension plan balances.
| Projected benefit obligation | $4,500,000 | |
| Fair value of plan assets | 4,200,000 |
The interest (settlement) rate applicable to the plan is 10%. On
January 1, 2021, the company amends its pension agreement so that
prior service costs of $500,000 are created. Other data related to
the pension plan are as follows.
|
2020 |
2021 |
|||||
|---|---|---|---|---|---|---|
| Service cost | $150,000 | $180,000 | ||||
| Prior service cost amortization | 0 | 90,000 | ||||
| Contributions (funding) to the plan | 240,000 | 285,000 | ||||
| Benefits paid | 200,000 | 280,000 | ||||
| Actual return on plan assets | 252,000 | 260,000 | ||||
| Expected rate of return on assets | 6 | % | 8 | % | ||
Prepare a pension worksheet for the pension plan for 2020 and 2021.
In: Accounting