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 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 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
In: Operations Management
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 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 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
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 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
|
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 |
- |
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 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
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In: Accounting