Questions
What are some of the potential problems global businesses face when they outsource or subcontract their...

What are some of the potential problems global businesses face when they outsource or subcontract their manufacturing work to companies in other countries? (e.g., a U.S. sneaker company outsourcing the manufacturing of its sneakers to a separate company in China or Vietnam)? 250 words

In: Economics

What are some of the potential problems global businesses face when they outsource or subcontract their...

What are some of the potential problems global businesses face when they outsource or subcontract their manufacturing work to companies in other countries? (e.g., a U.S. sneaker company outsourcing the manufacturing of its sneakers to a separate company in China or Vietnam)? 250 words

In: Economics

As mentioned in earlier, U.S. businesses will face a decrease in the available workforce due in...

As mentioned in earlier, U.S. businesses will face a decrease in the available workforce due in part to a smaller generation of talented workers replacing retiring baby boomers. “Our study reveals that recruiters and hiring managers are not only cognizant of the issue but are concerned about its current and future impact on organizational growth,” said Dr. Jesse Harriott, former vice president of research at monster.com (http://www.monster.com), one of the leading global online career and recruitment resources. “Businesses of all sizes and across all industries must develop and implement creative programs and strategies to attract and hire top candidates while retaining and motivating current employees. As the talent pool shrinks, it is imperative that immediate action is taken to ensure businesses are properly prepared and staffed for the future.”

In a sampling of over 600 human resource managers, Monster’s survey showed that over 75 percent believe compensation is one of the top three motivators that prevent employees from leaving their job. The fact that money motivates top-performing employees is supported by almost half the human resources professionals surveyed for a Rewards Program and Incentive Compensation Survey released by the Society of Human Resource Management. The survey also found that neither monetary nor nonmonetary rewards were effective motivators for underperformers.

While compensation is clearly a significant issue, not all companies can offer this advantage. Other strategies that motivate employee loyalty and commitment are necessary. Some of these include making supervisors more accountable for worker retention, promoting work-life balance for employees, fostering a workplace where employee expectations are clearly articulated, creating learning and development programs that groom employees for future management roles, implementing performance-based systems that identify and proactively manage top employees and when possible promote from within, creating mentoring programs that match new employees with seasoned veterans, monitoring sentiment throughout the employee life cycle, and creating an employment brand “experience” that not only motivates and energizes employees but can also be used to attract new talent.

Diana Pohly, president, CEO, and owner of The Pohly Company, keeps vigilant watch over the morale of the office, ensuring that employees are satisfied. “Business owners of growing companies must possess strong leadership and management skills in order to solidify the foundation of their business,” said Pohly. “Effective team leadership is imperative to sustain efficient team workflows and contribute to employee morale.”

“Employees are the lifeblood of any organization. Building a positive work environment is an important strategy in attracting, retaining and motivating a team,” says Michelle Swanda, corporate marketing manager of The Principal. Improving employee morale with creative and effective management tactics ultimately boosts employee productivity, and that goes straight to the bottom line.

Critical Thinking Questions

  1. How are social and economic factors influencing companies’ approach to hiring, motivating, and retaining employees?
  2. What are some of the nonmonetary strategies companies must develop to attract and reward employees and keep them motivated?
  3. What “reward factors” would be important to you when working for a company? List at least five in order of importance, and list your reasons for each.

In: Operations Management

A marketing director of a soft drink company wants to know what proportion of its potential...

A marketing director of a soft drink company wants to know what proportion of its potential U.S. customers have heard of a new brand. The company has access to a database with the mobile phone numbers of 10,000 U.S. college students. The director’s assistant asks a simple random sample of 50 students from this database whether they heard of the new soft drink brand, and constructs the sample proportion. 1 (a) What is the target population? (b) What is the sampled population? (c) Will the sample proportion be unbiased for the proportion in the sampled population? Explain. (d) Will the sample proportion be unbiased for the proportion in the target population? Explain.

In: Statistics and Probability

Pharoah Carecenters Inc. provides financing and capital to the healthcare industry, with a particular focus on...

Pharoah Carecenters Inc. provides financing and capital to the healthcare industry, with a particular focus on nursing homes for the elderly. The following selected transactions relate to bonds acquired as an investment by Pharoah, whose fiscal year ends on December 31.

2020
Jan. 1 Purchased at face value $1,140,000 of Javier Nursing Centers, Inc., 10-year, 5% bonds dated January 1, 2017, directly from Javier.
Dec. 31 Accrual of interest at year-end on the Javier bonds.


(Assume that all intervening transactions and adjustments have been properly recorded and that the number of bonds owned has not changed from December 31, 2020, to December 31, 2022.)

2023
Jan. 1 Received the annual interest on the Javier bonds.
Jan. 1 Sold $570,000 Javier bonds at 105.
Dec. 31 Accrual of interest at year-end on the Javier bonds.

Journalize the listed transactions for the years 2020 and 2023. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.)

Part 2

Assume that the fair value of the bonds at December 31, 2020, was $1,254,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

Part 3

Based on your analysis in part (b), show the balance sheet presentation of the bonds and interest receivable at December 31, 2020. Assume the investments are considered long-term. Indicate where any unrealized gain or loss is reported in the financial statements. (Enter account name only and do not provide descriptive information.)

In: Accounting

In the open economy macroeconomic model which of the following is included in the demand for...

In the open economy macroeconomic model which of the following is included in the demand for U.S. dollars in the market for foreign-currency?
(x) A retail outlet in Canada wants to buy computers from a U.S. computer manufacturer.
(y) ABC Securities, a U.S. stock brokerage, wants to purchase stock issued by a French corporation.
(z) A United States bank that has branch offices in Mexico and Canada loans dollars to Tom, a resident of the United States, who wants to purchase a new car that was made in the United States.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (x) only

In the open economy macroeconomic model, which of the following is included in the supply of U.S. dollars in the market for foreign-currency?
(x) Nebraska Life, a U.S. life insurance company, wants to buy a Japanese government bond.
(y) ABC Securities, a U.S. stock brokerage, wants to purchase stock issued by a French corporation.
(z) Tony, a U.S. citizen, wants to hold more currency in case of emergencies.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (x) only

In: Economics

P4.1B:   Karlin Company Information for 2020. Retained earnings , January 1, 2020 2,250,000 Sales revenue 53,000,000...

P4.1B:   Karlin Company Information for 2020.

Retained earnings , January 1, 2020 2,250,000

Sales revenue 53,000,000

Cost of goods sold   33,000,000

Interest revenue 120,000

Selling and administrative expenses 8,900,000

Write-off of goodwill 2,100,000

Income taxes for 2020 3,650,000

Loss on the sale of investments 53,000

Loss due to hurricane damage 1,100,000

Gain on the disposition of the retail division (net of tax) 23,000

Loss on operations of the retail division (net of tax) 231,000

Dividends declared on common stock 350,000

Dividends declared on preferred stock 125,000

INSTRUCTIONS:1. Prepare a multiple-step income statement 2. Prepare a separate Retained Earnings StatementOn September 15, Karlin sold the retail operations to Shark CorpAssume that 60,000 shares of common stock are outstanding.

In: Accounting

Maendeleo Ltd. is a manufacturing company operating through a number of branches in Kenya. The following...

Maendeleo Ltd. is a manufacturing company operating through a number of branches in Kenya. The following information relates to Maendeleo Ltd.’s operations for the year ending 31 December 2020.

Sh ‘000’

Sh ‘000’

Turnover

19,480.00

Cost of goods sold

    5,620.00

Gross profit

13,860.00

Foreign exchange gain

       148.00

Insurance recovery for stolen motor vehicle

       968.00

Proceeds from sale of factory extension

       469.00

40,545.00

Less Expenses

Directors emoluments and staff costs

16,890.00

Pension contribution for staff

    4,200.00

Staff recruitment cost

    1,148.00

Purchase of furniture

       420.00

Penalties on overdue VAT

       164.00

Impairment loss of factory extension

       150.00

Mortgage interest

       364.00

Goodwill written off

       162.00

Loan interest

    1,286.00

Depreciation

       908.00

General office expenses

    1,348.00

27,040.00

Additional information

  1. Details of property, plants and equipment schedule reflected the following details for the assets that existed before the year ending 31st December 2020:

Assets

Written Down Value 1 Jan 2020

Additions at Cost (2020)

Depreciation (2020)

Disposal Proceeds (2020)

sh.

sh.

sh.

sh.

Computers

    525,000.00

    345,400.00

131,520.00

       250,000.00

Water pump

-

    280,000.00

   56,000.00

-

Furniture

    360,000.00

    140,000.00

   82,000.00

-

Conveyor belts

-

    960,000.00

-

-

Delivery vans

2,500,000.00

    142,000.00

180,000.00

       620,000.00

Cash registers

    620,000.00

-

   58,000.00

-

Printers

    120,000.00

      60,000.00

   42,000.00

-

Tractors

2,500,000.00

1,800,000.00

360,000.00

-

Motorcycles

    380,000.00

-

   68,000.00

-

Packaging machine

-

    860,000.00

-

-

Non-processing machinery

    960,000.00

-

   62,000.00

-

  1. A perimeter wall was constructed at cost of sh.960,000 during the year ending 31st December 2020 used from 1st March 2020
  2. A go down and drainage system were constructed at cost sh.2,860,000 and sh.1,780,000 respectively put into use on 1st April 2020.
  3. The company constructed a borehole at cost of sh.1,500,000 during the year which was put in use on 1st July 2020

Required

Capital allowance due to Maendeleo ltd for the year ending 31st December 2020

In: Accounting

Problem 16-06 (Part Level Submission) Riverbed Corporation is preparing the comparative financial statements for the annual...

Problem 16-06 (Part Level Submission) Riverbed Corporation is preparing the comparative financial statements for the annual report to its shareholders for fiscal years ended May 31, 2020, and May 31, 2021. The income from operations for the fiscal year ended May 31, 2020, was $1,827,000 and income from continuing operations for the fiscal year ended May 31, 2021, was $2,536,000. In both years, the company incurred a 10% interest expense on $2,376,000 of debt, an obligation that requires interest-only payments for 5 years. The company experienced a loss from discontinued operations of $585,000 on February 2021. The company uses a 20% effective tax rate for income taxes. The capital structure of Riverbed Corporation on June 1, 2019, consisted of 1,018,000 shares of common stock outstanding and 19,200 shares of $50 par value, 7%, cumulative preferred stock. There were no preferred dividends in arrears, and the company had not issued any convertible securities, options, or warrants. On October 1, 2019, Riverbed sold an additional 507,000 shares of the common stock at $20 per share. Riverbed distributed a 20% stock dividend on the common shares outstanding on January 1, 2020. On December 1, 2020, Riverbed was able to sell an additional 817,000 shares of the common stock at $22 per share. These were the only common stock transactions that occurred during the two fiscal years.

Determine the weighted-average number of shares that Riverbed Corporation would use in calculating earnings per share for the fiscal year ended:

Weighted-average number of shares
(1) May 31, 2020
(2) May 31, 2021


In: Accounting

Problem 22-02 Stellar Company is in the process of preparing its financial statements for 2020. Assume...

Problem 22-02

Stellar Company is in the process of preparing its financial statements for 2020. Assume that no entries for depreciation have been recorded in 2020. The following information related to depreciation of fixed assets is provided to you.
1. Stellar purchased equipment on January 2, 2017, for $89,100. At that time, the equipment had an estimated useful life of 10 years with a $5,100 salvage value. The equipment is depreciated on a straight-line basis. On January 2, 2020, as a result of additional information, the company determined that the equipment has a remaining useful life of 4 years with a $2,800 salvage value.
2. During 2020, Stellar changed from the double-declining-balance method for its building to the straight-line method. The building originally cost $310,000. It had a useful life of 10 years and a salvage value of $31,000. The following computations present depreciation on both bases for 2018 and 2019.

2019

2018

Straight-line $27,900 $27,900
Declining-balance 49,600 62,000
3. Stellar purchased a machine on July 1, 2018, at a cost of $120,000. The machine has a salvage value of $20,000 and a useful life of 8 years. Stellar’s bookkeeper recorded straight-line depreciation in 2018 and 2019 but failed to consider the salvage value.
Your answer is partially correct. Try again.
Prepare the journal entries to record depreciation expense for 2020 and correct any errors made to date related to the information provided. (Ignore taxes.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.

Account Titles and Explanation

Debit

Credit

1.
2.
3.

(To record current year depreciation.)

(To correct prior year depreciation.)

SHOW LIST OF ACCOUNTS

LINK TO TEXT

LINK TO TEXT

LINK TO TEXT

Your answer is partially correct. Try again.
Show comparative net income for 2019 and 2020. Income before depreciation expense was $310,000 in 2020, and was $320,000 in 2019. (Ignore taxes.)

STELLAR COMPANY
Comparative Income Statements
For the Years 2020 and 2019

2020

2019

Income before depreciation expense $ $
Depreciation expense
Net income $ $

In: Accounting