In: Biology
You are the manager of a business that is losing money due to COVID and the CEO is pushing you hard to fix things.
You have many employees who are also effected by COVID.
Your financial statements show that you must cut employment costs by 50 percent. If you do not do this you will go out of business. You made the decision for the entire company: except for two employees. Miss. Jackson and Jerome Edwards.
Tip 1: Remember from Chapter 1 the goal of the Financial Manager is to maximize the wealthy of your company.
Tip 2: What about the human component? This is never covered in the text. This is on YOU as a manager.
Facts below.
_________________________________________________________________
Miss. Jackson is one of your best employees, she has worked for you for 10 years, and recently she has lost two family members to COVID. Miss. Jackson is not doing well. If she is furloughed she risks losing her house and everything she has worked for over the years. Her performance has decreased due to these major life issues. She suffers from depression and sleep issues due to the stress. She has not communicated these circumstances to you because she is overwhelmed and she is afraid of losing her job. However you know, based upon her performance, she is going through rough times. Miss. Jackson earns $60,000 a year.
Jerome Edwards is a new and upcoming employee that obtained his MBA from UNCFU with a 3.9 GPA and he is Miss. Jackson's subordinate. Jerome meets deadlines and shows no emotion to the difficulties of COVID. He hits every deadline and has the potential to succeed under any circumstances. When you send him a task he states "I'm on it" and he delivers. Jerome earns $40,000 a year.
__________________________________________________
I am the CEO of the corporation and I care about people. However I need to keep this business alive.
My request for this answer is to write a 250 word memo to me, the CEO, discussing your decision regarding Miss. Jackson and Jerome.
_________________________________________________
I am a CEO who requires facts and an analysis based on how we can support our employees while keeping the business sustainable.
In: Accounting
In: Accounting
Assume that TDW Corporation (calendar-year-end) has 2020 taxable income of $654,000 for purposes of computing the §179 expense. The company acquired the following assets during 2020: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)
| Placed in | |||
| Asset | Service | Basis | |
| Machinery | September 12 | $ | 2,270,500 |
| Computer equipment | February 10 | 263,650 | |
| Furniture | April 2 | 880,850 | |
| Total | $ | 3,415,000 | |
a. What is the maximum amount of §179 expense TDW may deduct for 2020?
In: Accounting
2020 Election ~ Bernie Sanders is a popular presidential candidate among university students for the 2020 presidential election. Leading into Michigan’s presidential primary election in 2020, a journalist, Lauren took a random sample of 11,834 university students and found that 8,211 of them support Bernie Sanders.
Using this data, Lauren wants to estimate the actual proportion of university students who support Bernie Sanders.
To calculate the required sample size, what value of Z* should we use in the formula below to calculate a 90% confidence interval within 4.62 percentage points? Give your answer to 4 decimal places.
n= p* (1-p*) (z*/ME)^2
In: Statistics and Probability
2020 Election ~ Bernie Sanders is a popular presidential candidate among university students for the 2020 presidential election. Leading into Michigan’s presidential primary election in 2020, a journalist, Lauren took a random sample of 12,887 university students and found that 8,014 of them support Bernie Sanders.
Using this data, Lauren wants to estimate the actual proportion of university students who support Bernie Sanders.
To calculate the required sample size, what value ofME. should we use in the formula below to calculate a 90% confidence interval within 8.84 percentage points? Give your answer to 4 decimal places.
n=p*(1−p*)(z*ME)2
In: Statistics and Probability
2020 Election ~ Bernie Sanders is a popular presidential candidate among university students for the 2020 presidential election. Leading into Michigan’s presidential primary election in 2020, a journalist, Lauren took a random sample of 11,590 university students and found that 8,066 of them support Bernie Sanders.
Using this data, Lauren wants to estimate the actual proportion of university students who support Bernie Sanders.
To calculate the required sample size, what value ofz*. should we use in the formula below to calculate a 90% confidence interval within 2.82 percentage points? Give your answer to 4 decimal places.
n=p*(1−p*)(z*ME)2
In: Statistics and Probability
Find 2 examples of US corporations partially owned by China's SWFs. Find one recent news article (2019-2020) related to Chinese SWFs in the US. From the point of view of US firms and their shareholders, what are the pros and cons of these investments? 20 lines min.
In: Accounting
Find 2 examples of US corporations partially owned by China's SWFs. Find one recent news article (2019-2020) related to Chinese SWFs in the US. From the point of view of US firms and their shareholders, what are the pros and cons of these investments? 20 lines min.
In: Finance
Maurice has recently graduated from University and started working for a small public accounting firm who specialise in providing taxation services to a range of clients. He has just returned from a review interview with one of the partners and is upset because the partner was not happy with the quality of the work papers he has prepared to support the income tax return for a client.
Explain to Maurice the reasons why quality work papers are important, what should be included in a set of work papers that support the income tax return for a client, and what they may be used for in the future. 10 marks
In: Accounting