|
Sachs Brands' defined benefit pension plan specifies annual retirement benefits equal to: 1.6% × service years × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2002 and is expected to retire at the end of 2036 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $89,000 at the end of 2016 and the company’s actuary projects her salary to be $275,000 at retirement. The actuary's discount rate is 7%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) |
| Required: | |
| 2. |
Estimate by the accumulated benefits approach the amount of Davenport’s annual retirement payments earned as of the end of 2016. |
| 3. |
What is the company’s accumulated benefit obligation at the end of 2016 with respect to Davenport? |
| 4. |
If no estimates are changed in the meantime, what will be the company’s accumulated benefit obligation at the end of 2019 (three years later) when Davenport’s salary is $110,000? |
In: Accounting
Between 20 and 25 violent acts are portrayed per hour on children’s TV. A study by Johnson et al (2002) looked for links between TV viewing and aggression by following the TV viewing habits of children 1-10 years old. Of these, 88 watched < 1 hr TV per day, 386 watched 1-3 hrs and 233 watched > 3 hrs. Eight years later, researchers looked to see if any of the children had records of aggressive assaults on other people. The numbers of children with aggressive assaults were 5, 87 and 67 for each TV category, respectively. The remaining children were not aggressive.
Question 1: Create a contingency table of the results from the study. Carry out an appropriate statistical test to determine whether TV viewing is associated with future violence. What is the conclusion from your test?
Question 2: Do the results of the study prove that TV watching behavior causes increased aggression in children? Why?
In: Statistics and Probability
Year # AIDS cases diagnosed # AIDS deaths
| Year | # AIDS cases diagnosed | # AIDS deaths |
|---|---|---|
| Pre–1981 | 91 | 29 |
| 1981 | 319 | 121 |
| 1982 | 1,170 | 453 |
| 1983 | 3,076 | 1,482 |
| 1984 | 6,240 | 3,466 |
| 1985 | 11,776 | 6,878 |
| 1986 | 19,032 | 11,987 |
| 1987 | 28,564 | 16,162 |
| 1988 | 35,447 | 20,868 |
| 1989 | 42,674 | 27,591 |
| 1990 | 48,634 | 31,335 |
| 1991 | 59,660 | 36,560 |
| 1992 | 78,530 | 41,055 |
| 1993 | 78,834 | 44,730 |
| 1994 | 71,874 | 49,095 |
| 1995 | 68,505 | 49,456 |
| 1996 | 59,347 | 38,510 |
| 1997 | 47,149 | 20,736 |
| 1998 | 38,393 | 19,005 |
| 1999 | 25,174 | 18,454 |
| 2000 | 25,522 | 17,347 |
| 2001 | 25,643 | 17,402 |
| 2002 | 26,464 | 16,371 |
| Total | 802,118 | 489,093 |
Graph "year" vs. "# AIDS deaths." Do not include pre-1981. Label both axes with words. Scale both axes. Calculate the following. (Round your answers to the nearest whole number. Round the correlation coefficient r to four decimal places.)
a =
b=
r=
n=
In: Statistics and Probability
In some of the recent corporate scandals, senior executives “doctored the books” and misrepresented the corporate financial status of the company. In others, transactions were created to and from inert or false companies to enhance the bottom line. All of these actions required some intervention and dependence on current or new IT systems. As a result the Federal Government passed the SOX regulations in 2002-2003 and the Dodd-Frank Financial Reform law in 2010.
Do you feel the information technology group could or should identify (expose) these fraudulant practices?
What do you feel the responsibilities of the CIO are relative to internal fraud and illegal activities?
Is the CIO ethically responsible for how the network and computing “utility” within the company is used?
Is it an IT responsibility to build and install systems that cannot be compromised?
Does the information technology have the responsibility to ask “why” a business function is needed when a system is built?
Does the internal or external audit function have any responsibility in guiding the development of new Information Technology systems? Explain.
In: Operations Management
3. Article: Control Cash-Register Thievery
Based on this article what fraud is the most easiest to detect? Most difficult?
https://www.journalofaccountancy.com/issues/2002/jun/controlcashregisterthievery.html
4. Article: Ghost Goods: How to Spot Phantom Inventory
Why does the client most likely resort to creating a phantom inventory?
https://www.journalofaccountancy.com/issues/2001/jun/ghostgoodshowtospotphantominventory.html
5. Article: Ghost Goods: How to Spot Phantom Inventory
Should the auditor consider both motive and opportunity when investigating an inventory fraud?
https://www.journalofaccountancy.com/issues/2001/jun/ghostgoodshowtospotphantominventory.html
7. The Crazy Eddie Antar fraud is discussed in the article So Thats Why Its Called a Pyramid Scheme and in Chapter 12. What are the lessons learned by fraud examiners from this fraud?
https://www.journalofaccountancy.com/issues/2000/oct/sothatswhyitscalledapyramidscheme.html
8. When a fictitious refund is made for merchandise returned what is the problem that the fraudster must solve in order for the fraud to be undetected?
In: Accounting
Brent received 1,000 shares of Alabama Corporation stock from his uncle as a gift on July 20, 2017, when the stock had a $275,000 FMV. His uncle paid $ 100,000 for the stock on April 12, 2002. The taxable gift was $ 275,000, because his uncle made another gift to Brent for $25,000 in January and used the annual exclusion. The uncle paid a gift tax of $13,750. Without considering the transactions below, Brent's AGI is $75,000 in 2018. No other transactions involving capital assets occur during the year.
Analyze each transaction below, independent of the others, and determine Brent's AGI in each case. (Do not round intermediary calculations. Only round the amounts you input in the cells to the nearest dollar. Use a minus sign or parentheses to enter a loss.)
a. He sells the stock on October 12, 2018, for $281,000.
b. He sells the stock on October 12, 2018, for $106,750.
c. He sells the stock on December 16, 2018, for $269,000.
In: Accounting
Barking deer.
Microhabitat factors associated with forage and bed sites of barking deer in Hainan Island, China were examined from 2001 to 2002. In this region woods make up 4.8% of the land, cultivated grass plot makes up 14.7%, and deciduous forests makes up 39.6%. Of the 426 sites where the deer forage, 4 were categorized as woods, 16 as cultivated grassplot, and 61 as deciduous forests. The table below summarizes these data.
| Woods | Cultivated Grass | Deciduous Forest | Other | Total |
| 4 | 16 | 67 | 345 | 426 |
Write the hypotheses for testing if barking deer prefer to forage in certain habitats over others.
In: Math
QUESTION 1
Your organization has started experiencing low sales amid the
Covid-19 pandemic. The management has decided to carry out an
Action Research to beef up the sales and enhance the overall
performance of the organization. As a Research Officer of the
organization, outline and briefly discuss most suitable elements of
an Action Research proposal for management consideration.
QUESTION 2
Case Study
The case below relates to an MBA Accounting & Finance student,
Eli, at UPSA, who was interested in the applicability of
organizational citizenship behaviour theory to Ghanaian workers.
The title of the research is: The applicability of organizational
citizenship behaviour theory to a Ghanaian organisation.
Background
The early definition of organisational citizenship behaviour (OCB)
viewed this as discretionary behaviours by employees that were not
recognised through the reward system (Organ 1988; Organ et al.
2006). Partly because such behaviours could subsequently be
recognised through reward, OCB was redefined as ‘performance that
supports the social and psychological environment’ within which
work occurs (Organ 1997: 95). It has been adopted by researchers
such as Bolino et al. (2002) to indicate situations where employees
work beyond contractual requirements to support one another, to
subordinate individual interests to organizational ones and to
demonstrate organisational commitment. In this way OCBs may
contribute to organisational performance and potentially offer a
source of competitive advantage. Podsakoff et al. (2009) report
finding over 650 published articles on OCB, mainly examining the
categories of behaviour that make up OCB (its dimensions), what
causes employees to engage in these behaviours (the determinants or
antecedents of OCB) and how OCB is related to these other
variables. An early, influential study to identify its dimensions
used interviews with managers in a manufacturing company to
‘identify instances of helpful, but not absolutely required job
behaviour’ to help to define OCB (Smith et al. 1983). This and
other early studies led to the identification of five categories of
OCBs (Organ 1988). These were labelled as altruism (helping a
co-worker with a workplace task); civic virtue (participating in
the organisation); conscientiousness (working beyond the minimum
requirements for the job); courtesy (considering how one’s own
behaviour might affect others and acting to facilitate harmony);
and sportsmanship (not complaining even in less than ideal
situations) (e.g. Organ 1988). Further research led to new
dimensions of OCB being proposed (Organ et al. 2006), although
these five original categories have remained the most commonly
tested.
However, continuing to use some of these dimensions of OCB and the
measurement scales associated with them (Organ 1988; Podsakoff et
al. 1990) has been questioned for two important reasons. Firstly,
the nature of work has changed since the 1980s and 1990s.
Manufacturing and manual work is now less important in many
economies while knowledge work is much more important. Based on
research, Dekas et al. (2013) developed an OCB scale for knowledge
workers that reflects the nature of knowledge-based work, such as
working flexibly and taking personal initiative. This new scale
overlaps with some earlier OCB dimensions but replaces or
eliminates outdated items related to willingly obeying rules or
regimented working practices.
Secondly, questions have been asked about the transferability of
OCB scales to other cultures.
OCB studies may apply only to the cultural context within which
they are conducted (Choi, 2009). The applicability of OCB to other
cultural settings therefore requires further research. Hui et al.
(2004) examined the relationships between psychological contract
constructs and OCBs in Ghana.
They adopted the OCB scale developed by Podsakoff et al. (1990)
(see earlier) and, in part, found that that more research is
required to understand how culture affects the applicability of
OCB. Farh et al. (1997) examined the relationships between
organisational justice theory and OCBs in Ghana, using a Ghanaian
OCB scale they developed. They found that the relationships between
organisational justice and OCB were moderated by cultural
(attitudes about either modernity or tradition) and gender factors.
Some behaviour of Ghanaian employees may be due to socialization or
broader cultural norms and be more personally focused than
organizationally related (Farh et al. 1997; Hui et al. 2004). This
raises questions about the applicability of OCB in Ghana and
whether organisational justice and psychology contract constructs
may be determinants or antecedents of OCB. In addition, Hui et al.
(2004) point out that organisational type may affect OCB; for
example, they cite research saying that Ghanaian employees may
prefer working for a foreign-owned company rather than a
state-owned enterprise.
Research question and research objectives
The research question is:
To what extent are organisational citizenship behaviour,
organisational justice and psychological contract theories
applicable to Ghanaian organisations and why?
The research objectives are:
1) To identify suitable measurement scales for each theory, to use
in the case study of Ghanaian organisation.
2) To examine the relationship in the case study organisation
between findings from the organisational justice scale and findings
from the organisational citizenship behaviour scale.
3) To examine the relationship in the case study organisation
between findings from the psychological contract scale and findings
from the organisational citizenship behaviour scale.
4) To examine the relationship between findings in the case study
organisation from the organisational citizenship behaviour scale
and findings in other national contexts from organisational
citizenship behaviour research.
5) To draw conclusions from the relationships observed in
objectives 2, 3 and 4, to evaluate the applicability of these
concepts in a Ghanaian organisation.
Method
Research design
This research is designed to test the applicability of these
theories in a case study, Ghanaian organisation. The research will
use a survey strategy incorporating existing scales from
peer-reviewed, high-quality academic journals. The research will be
cross-sectional in nature.
Participants
The intended participants in this study work for [company name] in
Ghana. Its management have agreed to grant me access to a
representative sample of employees drawn from the different grades
and occupations and between males and females employed within the
organisation [email attached]. Eli is currently in correspondence
with the manager of the human resource department to finalise a
stratified random sample to represent the characteristics of the
organisation’s workforce. It is envisaged that the sample size will
be 200 employees.
Techniques
The scales for organisational citizenship behaviour, organisational
justice and the psychological contract will be incorporated into a
questionnaire that will also collect data about respondents’
demographic characteristics. This questionnaire will be
administered in Ghana. It will be checked for accuracy of
translation and pilot tested by some of my fellow students.
Amendments will be made where necessary. It will then be
administered in paper form. The data will be analysed
quantitatively using IBM SPSS Statistics. A range of statistical
techniques will be used to analyse these data and the results from
these will be used to identify relationships between the concepts
identified in the research objectives and to allow comparison with
previously published research.
Ethical considerations and procedures
Eli will compose a letter to be sent to members of the sample that
informs them about who I am and the purpose of my research project,
and to assure them that their responses to each of the
questionnaire items will be seen and used only by Eli. Respondents
will not be asked for their name on the questionnaire. The
questionnaire will ask for only limited personal data about each
participant [for example, whether they are male or female as
previous research has found this to be a significant factor in the
applicability of organisational justice and organizational
citizenship behaviours in a Ghanaian context (Farh et al.
1997)].
Completed questionnaires will be posted into a sealed container
that will be returned to Eli to ensure respondent confidentiality
and the anonymity of the data that they provide. These
questionnaires will be given an anonymous code and the data they
contain entered into a spreadsheet by Eli. Once I have input the
data and it has been checked carefully to ensure accuracy the
questionnaires will be shredded by Eli. Ensuring confidentiality
and anonymity should mean that no harm should result from
participating in this research. Part of my covering letter will
state that participation is entirely voluntary and if an intended
participant does not wish to take part, they are not under any
obligation to do so. Another matching employee will be sent a copy
of my letter and asked if they would like to receive a copy of my
questionnaire. If he or she is willing to complete the
questionnaire, he or she will be informed to post it personally
into the sealed container.
Resources
I will be responsible for producing and copying the questionnaire.
I will pay for the cost of posting these to Ghana. I also have
access to IBM SPSS Statistics and am competent in the analytical
techniques required to analyse the data and interpret this
analysis. The company has kindly agreed to pay the costs of
returning the completed questionnaires to Eli. Once I have received
these questionnaires I will be responsible for inputting the data
into the software to analyse it. There should not be any other
resource requirements in order to be able to undertake this
research project.
Required:
a) Using the information in the ‘Background’ section of the
proposal, what concerns may be raised about the proposed ‘Research
design’, ‘Title’, ‘Research question and research
objectives’?
b) What further information would be helpful to know in the
‘Participants’ section?
c) Based on the concerns raised in questions 1 and 2, suggest
appropriate ‘Title’, ‘Research question and research objectives’
and the ‘Research design’?
In: Finance
Determine whether or not the following statements are true or false.
A. If the income consumption curve is vertical, the Engel curve for good y is upward sloping.
B. If the price consumption curve (as the price of good x changes) is vertical, the price elasticity of demand for good x is zero.
C. An upward sloping price consumption curve (as the price of good x changes) indicates that goods x and y are complements in consumption.
D. If preferences over goods x and y are represented by U(x,y) = 3x1/2 y1/2 , the price consumption curve (as the price of x changes) is necessarily horizontal.
E. If U(x,y)= 3 + ln(x) + 5y, the income consumption curve is vertical, assuming an interior solution.
In: Economics
Affordable Care Act, AKA Obamacare/ACA was passed in 2010 as a way to control federal health care expenditures and to provide wider access to health care in the USA. The ACA has a myriad of provisions that will likely stay a part of US law, for example Family Health Insurance Coverage will include children up to age 26. The ACA also has a myriad of provisions that the current federal administration apparently believes should be repealed or at least modified. We discussed sixteen (16) changes to the ACA that have occurred since President Trump was inaugurated. Tell me five (5) of these changes to the provisions of the ACA and how you believe the ACA will be affected as a result of the changes, i.e. will it be stronger, weaker or unaffected and why.
In: Economics