Digital dashboards offer an effective and efficient way to view enterprisewide information at near real-time. According to Nucleus Research, there is a direct correlation between use of digital dashboards and a company’s return on investment (ROI), hence all executives should be using or pushing the development of digital dashboards to monitor and analyze organizational operations. Develop a digital dashboard for the CEO of a transportation company. Be sure to discuss and address all of the following with your other classmates. Inventory Materials Demand/Supply Sales Supplier’s supplier Supplier Manufacturer Distributor Retailer Customer Customer’s Customer

As the supply chain director for a global company, you are facing increasing pressure to improve customer services, especially in handling customer returns. There is currently no system and processes in place. You have been requested by the CEO to set up a reverse logistics system to satisfy customers requirements. A consultant advises you that you need to start with a good gate-keeping process, and this includes a Return Policy and an RMA process. You need to make a presentation to management recommending the immediate action plan, in particular:

1. The objectives and major contents in a Returns Policy
2. The objectives and outlines of an RMA process

__________ are the most numerous WBC and are primarily involved in ___________.

A) Lymphocytes; acquired immunity

B) Neutrophilis; phagocytosis

C) Neutrophilis; acquired immunity

D) Lymphocytes; phagocytosis

Describe the types of risks that Fiat could have experienced by acquiring Chrysler.

Describe Chrysler’s culture after acquired after Fiat acquired Chrysler.

2. Consider the impact on the market for U.S. Treasury bonds when there are unusually high returns in the U.S. stock market. What changes in the market for U.S. Treasury bonds? What happens to the equilibrium, price, quantity, and interest rate on U.S. Treasury bonds? **Select ALL that apply. **

1. ___ Demand for U.S. Treasury bonds rises
2. ___ Demand for U.S. Treasury bonds falls
3. ___ Demand for U.S. Treasury bonds does not change
4. ___ quantity increases
5. ___ quantity decreases
6. ___ Supply of U.S. Treasury bonds rises
7. ___ Supply of U.S. Treasury bonds falls
8. ___ Supply of U.S Treasury bonds does not change
1. ___ price increases
10. ___ price decreases
11. ___ interest rate increases
50. ___ interest rate decreases

Suppose interest rates in the United States, but they don’t rise in other nations. As a result of this change

The U.S. dollar appreciates

The U.S. dollar depreciates

U.S. exports will increase

U.S. imports will decrease

Price levels in the unites states will increase

Suppose Americans began purchasing real assets in Europe. How would this impact the foreign exchange market for the euro and the dollar price of the euro?

Decrease/increase

Increase/ decrease

Increase/increase

Decrease/Decrease

Decrease/Not change

Suppose interest rates rise in the United States, but they don’t rise in other nations, what is the impact of flow of the financial capital, the value of the dollar, and U.S. net export (based on the changing value of the dollar)?

Capital flow/ Value of the U.S. dollar/ Net exports

Inflow/appreciate/Increase

Inflow/appreciate/decrease

Inflow/depreciates/increase

Outflow/depreciates/increase

Outflow/appreciates/decrease

If the U.S experiences an increase in exports, ceteris paribus, then

The U.S. dollar will appreciate because of increased supply of U.S. dollars by foreign nations

The U.S. dollar will depreciate because of increased supply of U.S. dollars by foreign nations

The U.S. dollar will appreciate because of increased demand of U.S. dollars by foreign nations

The U.S. dollar will depreciate because of increased demand of U.S. dollars by foreign nations

The U.S, dollar will depreciate and the U.S will import more foreign goods

McAdoo & Co. is an engineering firm with offices in several cities in the Carolinas. McAdoo’s fiscal year-end is December 31, and it prepares financial statements just once a year, at year-end. For bookkeeping purposes, McAdoo has adopted a policy to record payments and collections in advance into asset and liability accounts, respectively. The company’s unadjusted trial balance at December 31, 2020 is shown below. All accounts have normal-side balances.

Additional information available at year-end is as follows:

1.         In the first week of January 2021, McAdoo received bills for December 2020 utilities totaling $28,985. The company paid all of these bills in late January 2021.

2.         On June 1, 2020, McAdoo purchased a 24-month insurance policy for $306,720 and paid the full cost of the policy in advance. The policy provides coverage through May 31, 2022. Note – Contrary to the company’s normal practice, McAdoo’s bookkeeper recorded the prepayment into the Insurance Expense account. Give the adjusting entry needed when a company uses the expense approach to record a payment in advance.

3.         McAdoo operates 5 days a week, Mondays through Fridays. Employees are paid each Monday, for hours worked through the previous Friday. On Monday, December 28, 2020, the last payday in 2020, McAdoo paid its employees for hours worked during the week of December 21-25. (Note that Christmas Day is a paid holiday for all employees.) The employees then worked their regular schedule through the end of the year. McAdoo’s payroll averages $14,215 per day.

4.         McAdoo sometimes leases unused space in its buildings to other businesses. On November 1, 2020, a new tenant signed a 1-year lease and paid the first 8 months’ rent of $63,880 in advance. The lease began on that date and runs through October 31, 2021.

5.         McAdoo started the year 2020 with a Supplies account balance of $51,320. During the year, McAdoo made several purchases of supplies totaling $78,465. A physical count at year-end 2020 revealed the company had a total of $59,715 of supplies on hand.

6.         The Notes Payable balance relates to a bank loan taken in 2019 that is payable in full on September 30, 2023. The loan agreement specifies that McAdoo pay interest annually on September 30 at the rate of 5.20% per year. McAdoo’s bookkeeper made the proper entry for the first interest payment, on September 30, 2020. (Hint – Think about the entry McAdoo made on the first interest payment date.)

7.         McAdoo performed $291,670 of legal services for several clients in December 2020 that it has not yet billed, recorded or collected.

8.         McAdoo estimates that 8.55% of the 2020 year-end accounts receivable balance will not be collected.

9.         McAdoo purchased its buildings in 2011 and its equipment in 2015. McAdoo depreciates its fixed assets according to the straight-line method. For the buildings, it uses estimates of 36 years for the useful life and $240,000 for the salvage value. For the equipment, it uses estimates of 12 years for the useful life and $37,000 for the salvage value.

10.       The company’s income tax rate for the year is 25%. (Hint – The income tax rate is applied to the company’s income after all revenues and expenses have been considered except for the income tax charge.)

– Instructions –

Complete the following tasks relating to McAdoo & Co.’s accounting process at year-end 2020:

(b)        Prepare the adjusting journal entries needed at December 31, 2020.

Riverbed Company is presently testing a number of new agricultural seed planters that it has recently developed. To stimulate interest, it has decided to grant to five of its largest customers the unconditional right of return to these products if not fully satisfied. The right of return extends for 4 months. Riverbed estimates returns of 15%. Riverbed sells these planters on account for $1,550,000 (cost $697,500) on January 2, 2020. Customers are required to pay the full amount due by March 15, 2020.

(a)

Prepare the journal entry for Riverbed at January 2, 2020. (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.)

(b)

Assume that one customer returns planters on March 1, 2020, due to unsatisfactory performance. Prepare the journal entry to record this transaction, assuming this customer purchased $97,000 of planters from Riverbed and also record the entry required to pay the full amount due by March 15, 2020. (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.)

(c)

Assume Riverbed prepares financial statements quarterly. Prepare the necessary entries (if any) to adjust Riverbed’s financial results for the above transactions on March 31, 2020, assuming remaining expected returns of $135,500. (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.)

Read the Hospital Scenario for this course and complete the following assignment:

Write a 500-750 word paper that addresses the following: APA style ( title: Leadership styles)

Evaluate the management styles and identify the positive and negatives of each manager’s characteristics.

Identify what transactional and transformational leadership theories are present.

Provide an example of how one leader mentioned in the case study could adapt the servant leadership model into practice, and how this change could have an impact on a quality improvement department within health care.

The Scenario:

Kalia recently accepted the chief executive officer (CEO) position at a steadily declining transitional care organization. After meeting with the board of trustees, she was eager to demonstrate how her vision would change the direction of the failing company. Her hope was to discover allies within the company that could help make it easier to put her plan for the company into action. However, she soon found that her formal authority as CEO had been severely undermined by the pervious CEO, whose practice had been to distribute power within the organization, but had poorly managed those to whom he gave power. During Kalia’s first week, she arranged her schedule so that she could meet with administrative staff as soon as possible. During the meeting, Kalia requested budget information for each manager. None of the administrative staff were able to obtain the information for Kalia. They told her that company financial information was considered classified and could only be accessed through Manny, the chief financial officer (CFO) – the managers were not able to monitor their own budgets. One individual volunteered that sometimes the CFO’s administrative assistant would allow people to review reports, if the CFO was out and “she liked you.” After the meeting, Kalia went to Dominic, the chief information officer (CIO), to see if a centralized shared network could be created so employees could access important and sensitive data necessary for staff to make business decisions. Dominic informed her that the system was complicated, and that he was the only one familiar with how it was set up. He also told her that he would be going on paternity leave, and no one else could be trusted with the system. Therefore, a project like that could not begin until he returned. Dominic suggested that, in the meantime, Kalia begin the request with Manny, the CFO, as he would need to approve the budget for the project because it would be costly. Kalia walked to Manny’s office. As soon as she walked in, Manny said, “I heard you don’t think that the way I handle finances is acceptable. I have 26 years of experience, plus dual master’s degrees in accounting and finance. I am surprised that a young woman starting out would consider herself an expert. Kalia was surprised by Manny’s comments, and she was equally surprised to turn and see two of her administrative staff sitting on the couch in Manny’s office. Uncertain of how to respond, Kalia turned and walked back to her office. In her office, Kalia sat down at her desk and put her face in her hands. She was now questioning everything she thought she knew about the company, being the CEO, and why she was hired.

Revenue Recognition for ABC Software Company under ASC 606

ABC COMPANY was stumped by U.S. accounting rules for revenue recognition and gave up trying to comply with them.  The Japanese giant recognized this would lead to the delisting of its ADR shares on NASDAQ.  ABC also said it would be able to file its 2006 annual report under U.S. GAAP and it couldn’t vouch for its financial statements since 2000.  ABC COMPANY said a restatement was not practicable because of the complexities.  ABC noted that its financial statements under Japanese GAAP are current and not affected by this announcement.  

Under accounting principles generally accepted in the United States of America, revenue recognition rules are complicated for software companies whose contracts combine the sale of software with maintenance service agreements.  Previously, a standard called SOP 97-2 for companies wishing to recognize the software-sales revenue up front must perform an analysis of such contracts that provides “vendor specific objective evidence” (VSOP) of consistent treatment of sales and service.  That analysis, which ABC COMPANY says it has been unable to complete, required before portions of revenue from a single contract can be broken out and recognized at different times.  ABC says it is unable to complete the VSOE analysis for its auditor in time to file the annual report for the year ending March 31, 2006 even though ABC had previously been warned by NASDAQ and received an extension.  

On June 17, 2008 the Securities and Exchange Commission instituted proceedings against ABC pursuant to the Securities and Exchange Act of 1934.  The resulting order revoked the U.S. registration of each class of ABC’s registered securities and ordered ABC to cease and desist from committing certain violations based on ABC’s failure to file annual reports and maintain sufficient internal controls, and failure to make and keep accurate books and records.  Following the revocation order ABC securities remain listed for trading, and actively trade, in Japan.  ABC's American Depositary Receipt Program was subsequently terminated as of March 31, 2010.  

Recently, new revenue recognition standards have been adopted in the USA.  ABC’s management would like your advice on whether it might be a good time to apply for the company to be listed on a US stock exchange by complying with revenue recognition requirements.

ABC has the following sources of income that should be evaluated.

1. Licensing of product.  Customers pay an upfront fee of $12,000 for 12 months to use ABC’s software.  Customers can access ABC’s software at any time during the period.  The contract term starts on July 1 and go through June 30.  ABC provides hosting and maintenance of the site.
2. Implementation . ABC software will provide training, project management, data conversion and process consulting to onboard new clients. Implementation services typically require full-time work for 3-months on average with a team of 3 providing hourly billing at a rate of $150 per hour.
3. Hardware sales.  ABC is a reseller of key components.  ABC has no inventory obligations and drop ships produce from the manufacturer’s distribution site.  The mark-up on hardware sales is 10% for ABC.

Other considerations:

Does the customer have the ability to forgo the hosting provided by the Company and instead host it on their own servers, or some other remote server (e.g., AWS, Microsoft Azure)
Yes, this is an option we make available, though we highly discourage it. Out of 2000+ customers, less than two dozen forgo the hosting services.

·         How integral are the implementation services to using the software?
Highly integral. We provide no generic services. For example, as part of implementation, we provide an overview of the ABC database, but we do not educate customers on relational database management systems.

·         Could the customer source the implementation services from some other third party?
A customer has only one option for sourcing implementation services: 1) Company ABC if the system was purchased through direct sales, or 2) a channel partner if the system was purchased through that channel partner.

·         Does ABC perform regular upgrades to the software?
Yes

·         Does the customer have to pay separately to get access to such upgrades?
No, upgrades are included as part of the annual license subscription.

·         If ABC provides upgrades, are they promised (explicitly or implicitly) at any sort of regular cadence?
Releases (i.e., upgrades) are delivered every four weeks like clockwork.

·         Is there a minimum number of upgrades promised or implied during the term of the contract?
License subscriptions run on an annual basis, though contracts are often times multiple-year subscriptions. Thirteen releases per year are implied in an annual subscription.

Explain the following

1.       A.  Would the license meet the definition of a performance obligation?

B. Would the license be classified as a license of functional intellectual property or symbolic intellectual property?

C. Would the revenue be recognized at the point in time that access to the license is granted to the customer or over the license term?

2.          Discuss the revenue recognition for Implementation

3.          Discuss revenue recognition for Hardware sales.

4.          Discuss a factor that could change one of your answers.