Do you know someone in a happy marriage? This could be a family member, friend, colleague, classmate, teacher, etc. If you can, interview them about what they think makes for a long-lasting and happy marriage. They must have been married for at least two years. If you are married yourself (and believe yourself to be happy!), you can interview your own spouse.
Ask them what they believe is the "secret" to happy marriages. Why is their own successful? Was it always this way or what did they have to do or change along the way? What is the biggest challenge they face (or have faced) in their marriage? What advice would they give to newlyweds?
In: Operations Management
BP (British Petroleum) faced in 2010 a deep crisis as result of an accident -the worst environmental disaster in the United Stated up to date- in one of the prospection owned by the company. 11 people died, the equivalent to 4.9 million barrels were discharged in the Gulf of Mexico with devastating consequence to the marine life and $42.2 billion were claimed up to 2013 as civil liabilities.
Read the article “BP oil spill: Five years after 'worst environmental disaster' in US history, how bad was it really?”(http://www.telegraph.co.uk/news/worldnews/northamerica/usa/11546654/BP-oil-spill-Five-years-after-worst-environmental-disaster-in-US-history-how-bad-was-it-really.html) and answer the following questions:
Do you think that BP could have managed the crisis more effectively? Why or why not?
Could the reputational damage suffered by the company been avoided by a better/more adequate response?
Do you recall when the crisis was happening? What do you recall hearing about it from the media? Was the company doing enough to respond to the public at the time the crisis was happening?
In: Operations Management
A vision is not the responsibility of the CIO...it is the responsibility of the CEO or the top management team...do you agree or disagree...why?
this question is from chapter 2. Discussion question #1 page 96 of the book Information Systems Management in Practice 8th edition Mcnurlin,Sprague JR,tung bui
In: Economics
Write an executive summary on your learning of the risk management project for your CEO. Ensure you state the bottom line upfront and then provide details that impact the business the most from a risk perspective.
I worked with AECOM engineer firm on a demolition site in Japan.
200 words
In: Operations Management
On July 31, 2020, Oriole Company paid $2,750,000 to acquire all
of the common stock of Conchita Incorporated, which became a
division (a reporting unit) of Oriole. Conchita reported the
following balance sheet at the time of the acquisition.
| Current assets |
$730,000 |
Current liabilities |
$560,000 |
|||
|---|---|---|---|---|---|---|
| Noncurrent assets |
2,450,000 |
Long-term liabilities |
460,000 |
|||
| Total assets |
$3,180,000 |
Stockholders’ equity |
2,160,000 |
|||
| Total liabilities and stockholders’ equity |
$3,180,000 |
It was determined at the date of the purchase that the fair value
of the identifiable net assets of Conchita was $2,510,000. Over the
next 6 months of operations, the newly purchased division
experienced operating losses. In addition, it now appears that it
will generate substantial losses for the foreseeable future. At
December 31, 2020, Conchita reports the following balance sheet
information.
| Current assets |
$470,000 |
||
| Noncurrent assets (including goodwill recognized in purchase) |
2,050,000 |
||
| Current liabilities |
(620,000 |
) |
|
| Long-term liabilities |
(420,000 |
) |
|
| Net assets |
$1,480,000 |
Finally, it is determined that the fair value of the Conchita
Division is $1,850,000.
a. Compute the amount of goodwill recognized, if any, on July
31, 2020. (If answer is zero, do not leave answer field
blank. Enter 0 for the amount.)
|
The amount of goodwill b. Determine the impairment loss, if any, to be recorded on
December 31, 2020. (If answer is zero, do not leave
answer field blank. Enter 0 for the
amount.)
|
In: Accounting
Problem 20-05A a, b1-b3, c (Part Level Submission)
Brislin Company has four operating divisions. During the first
quarter of 2020, the company reported aggregate income from
operations of $212,000 and the following divisional
results.
| Division | |||||||||
| I | II | III | IV | ||||||
| Sales | $246,000 | $195,000 | $498,000 | $452,000 | |||||
| Cost of goods sold | 198,000 | 192,000 | 304,000 | 247,000 | |||||
| Selling and administrative expenses | 77,000 | 54,000 | 56,000 | 51,000 | |||||
| Income (loss) from operations | $ (29,000) | $ (51,000) | $138,000 | $154,000 | |||||
Analysis reveals the following percentages of variable costs in
each division.
| I | II | III | IV | ||||||||||
| Cost of goods sold | 73 | % | 92 | % | 77 | % | 79 | % | |||||
| Selling and administrative expenses | 41 | 60 | 48 | 62 |
Discontinuance of any division would save 50% of the fixed costs
and expenses for that division.
Top management is very concerned about the unprofitable divisions
(I and II). Consensus is that one or both of the divisions should
be discontinued.
Prepare a columnar condensed income statement for Brislin Company,
assuming Division II is eliminated. Division II’s unavoidable fixed
costs are allocated equally to the continuing divisions.
(Enter negative amounts using either a negative sign
preceding the number e.g. -45 or parentheses e.g.
(45).)
| BRISLIN COMPANY | |||||||||
| CVP Income Statement | |||||||||
| For the Quarter Ended March 31, 2020 | |||||||||
| Divisions | |||||||||
| I | III | IV | Total | ||||||
| Sales | $ | $ | $ | $ | |||||
| Variable costs | |||||||||
| Cost of goods sold | |||||||||
| Selling and administrative | |||||||||
| Total variable costs | |||||||||
| Contribution margin | |||||||||
| Fixed costs | |||||||||
| Cost of goods sold | |||||||||
| Selling and administrative | |||||||||
| Total fixed costs | |||||||||
| Income (loss) from operations | $ | $ | $ | $ | |||||
In: Accounting
Context: Muskogee County Choppers, till recently was a small ‘custom’ motorcycle/chopper production unit, designing and manufacturing custom motorcycles and trikes for a small regional market, mainly Oklahoma and Arkansas. The firm has seen an infusion of capital from a group of rich ‘angel investors’ who had a love for motorcycling. The firm is ‘small’ and even after innovation, capital infusion and growth will in no way match the major players like Harley, Honda, Kawasaki etc. Further, ‘trikes’ unlike motorcycles may be considered a ‘niche’ rather than mass market product.
With this infusion of capital, MCC is now a LLC (Limited Liability Company) and plans to make a foray into major markets, at least catering to Kansas, Missouri, Arkansas , Oklahoma, and New Mexico, starting with a ‘trike’ to compete with the Polaris Spyder or CANAM-Ryker. The MCC Trike is similar, with two front wheels and one rear wheel. It is 500cc, in contrast with other trikes that are normally with higher capacity engines (900 cc +). The Canam Ryker and Polaris Spyder are also like the MCC trike, in that they have two front and one rear wheel, unlike Harley trikes etc that have one front wheel and two rear wheels.
MCC is a new company and even with an infusion of capital from angel investors cannot compete with the financial strength of companies like Harley and Honda.
Assignment (in two Parts 1 and 2):
Write a short note to the CEO of the firm as an internal senior executive outlining:
Part 1: A short note on the actual direction that the firm should take, that is, 'your personal summary thoughts and opinions on strategy', both (a) Marketing and (b) Integrated Marketing Communications (Promotion). When you write your note, use a format that you consider appropriate for being read by a busy CEO.
In: Operations Management
1.Pharoah Company sells TVs. The perpetual inventory was stated as $37,200 on the books at December 31, 2020. At the close of the year, a new approach for compiling inventory was used and apparently a satisfactory cut-off for preparation of financial statements was not made. Some events that occurred are as follows.
1. TVs shipped to a customer January 2, 2021, costing $5,000 were included in inventory at December 31, 2020. The sale was recorded in 2021.
2. TVs costing $15,800 received December 30, 2020, were recorded as received on January 2, 2021.
3. TVs received during 2020 costing $4,900 were recorded twice in the inventory account.
4. TVs shipped to a customer December 28, 2020, f.o.b. shipping point, which cost $10,900, were not received by the customer until January, 2021. The TVs were included in the ending inventory.
5. TVs on hand that cost $6,300 were never recorded on the books.
Compute the correct inventory at December 31, 2020.
In: Accounting
AL DELTA Investment company is operating business in a dynamic and competitive market of the Far East. To cope with the dynamic variables of the demand and supply markets, the management of the company is quite conscious about the expected change in NWC, total assets and their implications on total liabilities of the company. Information on the current financial year (2019) and the budgeted data for the year 2020 could be summarized as follows:
The relationship between current assets and fixed assets is depicted around the ration 3:2 respectively. Current liabilities amounted to $7000000 in year 2019. The company is planning to issue new shares in year 2020, provide that the amount should not exceed 16% of the equity in year 2019. ROTA is projected to be 9% in the coming year and the DPR is 44%. The depreciation rate will remain the same (10%) under the SLM. FA equals equity in year 2019.
Required:
In: Accounting
Opening UCC balances
Class 1 $330,000
Class 8 $56,000
Class 10.1 $21,000
Class 13 $45,000
Class 50 $260,000
Any other classes have an opening balance of nil.
The company purchased furniture on April 1, 2020 for $5,212.
On the same date, furniture with an original cost of $142,713, was sold for $67,277.
Calculate the maximum impact on business income for the year from furniture and other miscellaneous tangible capital assets.
In: Accounting