Read the PROBLEM SOLVING Case “Wanted by Honda: Engineers Who Love Small-Town Living”

Although the U.S.-based Big Three automakers General Motors, Ford, and Chrysler have announced cutbacks and layoffs recently, some auto companies are still hiring. Toyota, Nissan, Honda, and other companies have set up opera- tions in the United States. While they employ far fewer in the United States than the Big Three, their ranks are growing. Nearly one out of four jobs with auto companies in the United States are with companies other than the Big Three. Honda R&D Americas recently told a reporter that it was adding about 100 employees a year and had 50 positions it was trying to fill with engineers.
To staff those positions, Honda faces a chal- lenge: its location. The Honda research and development facility is located in an out-of-the- way spot in Ohio, the town of Raymond, located about 60 miles northwest of Columbus. Most automotive research facilities in the United States are located near Detroit, because so much of the industry talent lives and works in that area. The Honda plant sits on an 8,000- acre plot of land along with the company’s Transportation Research Center, and Honda operates two assembly plants in nearby Marysville and East Liberty. Surrounding this complex are cornfields.
Because of its location, Honda does not seek most of its recruits from other auto companies. It hires local residents to fill manufacturing jobs, and for engineers, it turns to schools in the region to find recent graduates. Carol Hadden, who
manages human resources, says one good source of engineering recruits has been Ohio State University.
Knowing that small-town life does not appeal to many recent grads, Honda requires applicants to visit the Raymond site for their first interview. Allen explains, “We make them come here to make sure they know where we are.” Those who look around and like the location have a better chance of being enthusiastic about a career at Honda R&D.

Questions –

Suggest three ways Honda R&D Americas could recruit engineers to fill jobs at its research and development facility in Raymond, Ohio.

If you were interviewing a candidate for a job at this facility, what would you ask to determine whether the candidate would be satisfied to stay at Honda?

How would Honda R&D’s emphasis on recruiting recent graduates, rather than experienced automotive engineers, affect your job if you were the supervisor of these employees? Would you want Honda to change its recruiting strategy? Why or why not?

Consumer Surplus Background: There has been a lot of talk about trade restrictions, in the hopes that such policies will encourage production and hence job growth in this country. Economists, generally, are skeptical of policies that reduce or restrict international trade. A historical example can help illustrate some, although not all, of that economic skepticism. In 1980, the United States negotiated a Voluntary Export Restraint Agreement (VER) with Japan. The VER limited Japanese automobile exports to the United States. This drop in supply caused the price of domestically (U.S.) produced autos to rise. Basic stylized data are below

• Price of a typical U.S.-produced car (pre-VER) = $6,000

• Price of a typical U.S.-produced car (post-VER) = $7,000

• Number of U.S.-produced cars sold in United States (pre-VER) = 8 million

• Price elasticity of demand for U.S. autos (pre-VER) = -1.5

Prices are loosely typical of 1980, in case you’re wondering why these cars are so inexpensive.

Problem

(a) Draw a graph showing the consumer surplus before and after the VER. Label the initial pre-VER price and quantity (using the numbers above) and the post-VER price and quantity (you do not yet know post-VER quantity but you know pre-VER quantity) and show the pre-VER consumer surplus, the post-VER consumer surplus, and the change in consumer surplus.

(b) Use the above data to calculate the change in consumer surplus that resulted from the VER. Assume a linear market demand curve. Also assume that the demand curve does not shift during the period of interest, and that cars are a sufficiently homogenous commodity that you can analyze this with one demand curve. Calculate the change in consumer surplus as a number (the units will be dollars), and show your work.

Hint: Recall the definition of elasticity, ? = %∆? %∆? = ∆? ∆? ? ?

You can calculate, from the data above, the %ΔP, and you know ε, so you can solve for %ΔQ = ε*%ΔP where the symbol * denotes multiplication. Knowing %ΔQ and initial (preVER) Q you can calculate post-VER Q. That information is enough to calculate the change in consumer surplus, in dollars. Refer to the graph from part (a) to help you see this.

(c) Based on your answer above, would consumers be better off if imports of automobiles to the United States are restricted? Why or why not? What about workers— would U.S. workers be better off if imports are restricted and international trade is reduced?

1.What is the brief history of the fortune 500 company Costco. Who is the founder? Where? When?

2. Do an. internal analysis of the company.(SWOT, etc)

One study reports that 27 ​% of newly hired MBAs are confronted with unethical business practices during their first year of employment. One business school dean wondered if her MBA graduates had similar experiences. She surveyed recent graduates from her​ school's MBA program to find that 24 ​% of the 115 graduates from the previous year claim to have encountered unethical business practices in the workplace What is the value of the test​ statistic? A. The assumptions and conditions are not​ met, so the test cannot proceed. B. The test statistic is nothing . ​(Round to two decimal places as​ needed.)

The Chartered Financial Analyst (CFA) designation is fast becoming a requirement for serious investment professionals. It is an attractive alternative to getting an MBA for students wanting a career in investment. A student of finance is curious to know if a CFA designation is a more lucrative option than an MBA. He collects data on 50 recent CFAs with a mean salary of $140,000 and a standard deviation of $52,000. A sample of 80 MBAs results in a mean salary of $131,000 with a standard deviation of $14,000.

Assume that μ₁ is the population mean for individuals with a CFA designation and μ₂ is the population mean of individuals with MBAs. (You may find it useful to reference the appropriate table: z table or t table)

a. Set up the hypotheses to test if a CFA designation is more lucrative than an MBA at the 10% significance level.

• H₀: μ₁ − μ₂ = 0; H_A: μ₁ − μ₂ ≠ 0

• H₀: μ₁ − μ₂ ≥ 0; H_A: μ₁ − μ₂ < 0

• H₀: μ₁ − μ₂ ≤ 0; H_A: μ₁ − μ₂ > 0

b-1. Calculate the value of the test statistic. Do not assume that the population variances are equal. (Round all intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)

b-2. Find the p-value.

• p-value 0.10
• 0.05 p-value < 0.10
• 0.025 p-value < 0.05
• 0.01 p-value < 0.025

• p-value < 0.01

c. At the 10% significance level, is a CFA designation more lucrative than an MBA?

XYZ Pty Ltd acquired a machine for $400,000 on 1 September 2017. The machine has an estimated useful life of 5 years. The machine was sold on 1 May 2020 for $150,000.

Required: A. Prepare the depreciation schedule using the prime cost method

B. Prepare the depreciation schedule using the diminishing value method

C. Calculate the assessable or deductible balancing adjustment under the prime cost method

D. Calculate the assessable or deductible balance adjustment under the diminishing value method.

On 1/1/20, Polka Company acquired 80% of Jazz Company for $900,000. Jazz's retained earnings and capital stock accounts had balances of $500,000 each. An appraisal of Jazz's assets revealed that equipment was undervalued by $40,000. The equipment has a 5-year life and is being depreciated using the straight-line method. During 2020, Jazz reported $200,000 of net income. Assume that you are consolidating the balance sheets of Polka and Jazz on 12/31/20. Prepare the worksheet consolidation entries.

1. Discuss the dividends policies that you would expect startup, growing, mature and declining business to adopt

2. Giving reasons, explain the expected financial risk, business risk and dividend payout in a declining business

Why should companies pay attention to economic factors when managing the organization's current and future financial information? Describe the strategy for financing a startup company with plans for expansion. Briefly describe types of potential risk