Background

You are the Training & Development Manager of a large corporation (2000 staff). You have recently been charged with the task of completing a training & development audit. From your research, you are expected to make recommendations to the directors on future training & development requirements.

The training department currently offers programs to staff through a catalogue that it produces each year. You have been receiving feedback from staff & managers alike that the programs are not necessarily meeting today's needs for skill development and just-in-time training. Also there were complaints of favouritism towards some staff who always seem to get to go to training, consequently the perception you face is that there is an inequitable access to training. Managers also raised issues about leadership skills in the workplace.

Another challenge for you is that the directors have also indicated that there is a budget squeeze and there are no more available resources for training & development at this time.

From the needs assessment you identified four options to put forward to the directors:

1. Training & development programs to remain the same.

2. Training and development to remain essentially the same, however, a review of the accessibility to training be undertaken to ensure fairness in opportunities and accessibility.

3. To create a formal training and development plan that supports organizational goals to achieve organizational effectiveness and Human Resource effectiveness through the adoption and implementation of several strategies.

4. Eliminate training and development all together

Exercise

For this exercise marry both the exercise criteria and your own organization. Utilize your current organization's training and development policies within the context of this assignment (your organization just grew if it doesn't already have 2000 people!) Consider your organization's current training programs, entry and registration process. Use this as a basis for completing the following.

1. Utilize your own company as a basis for your response.
2. Outline the training & development activities and issues within your organization. Add in the additional issues listed in this case.
3. Outline the audit process you would undertake; include any questionnaires etc that you might utilize.
4. Discuss the merits and gaps of your training and development programs as measured against your readings in the text book and in the Lecture Notes of Week 6.
5. Pick one of the 4 options as described above, to recommend to your directors. Defend your recommendation by including in your report a description of the benefits the organization might receive as well any potential drawbacks.

Application Exercise:
A nutritionist is interested in the relationship between cholesterol and diet. The nutritionist developed a non-vegan and vegan diet to reduce cholesterol levels. The nutritionist then obtained a sample of clients for which half are told to eat the new non-vegan diet and the other half to eat the vegan diet for two months. The nutritionist hypothesizes that the non-vegan diet will increase cholesterol levels more. What can be concluded with an α of 0.05. Below are the cholesterol levels of all the participants after two months.

a) What is the appropriate test statistic?
---Select--- na z-test One-Sample t-test Independent-Samples t-test Related-Samples t-test

b)
Condition 1:
---Select--- cholesterol level vegan months non-vegan diet
Condition 2:
---Select--- cholesterol level vegan months non-vegan diet

c) Obtain/compute the appropriate values to make a decision about H₀.
(Hint: Make sure to write down the null and alternative hypotheses to help solve the problem.)
critical value =  ; test statistic =  
Decision:  ---Select--- Reject H0 Fail to reject H0

d) If appropriate, compute the CI. If not appropriate, input "na" for both spaces below.
[  ,  ]

e) Compute the corresponding effect size(s) and indicate magnitude(s).
If not appropriate, input and/or select "na" below.
d =  ;  ---Select--- na trivial effect small effect medium effect large effect
r² =  ;  ---Select--- na trivial effect small effect medium effect large effect

f) Make an interpretation based on the results.

The non-vegan diet had significantly higher cholesterol levels than the vegan diet.

The non-vegan diet had significantly lower cholesterol levels than the vegan diet.     

There was no significant cholesterol difference between the non-vegan and vegan diets.

A nutritionist is interested in the relationship between cholesterol and diet. The nutritionist developed a non-vegetarian and vegetarian diet to reduce cholesterol levels. The nutritionist then obtained a sample of clients for which half are told to eat the new non-vegetarian diet and the other half to eat the vegetarian diet for three months. The nutritionist hypothesizes that the non-vegetarian diet will reduce cholesterol levels more. What can the nutritionist conclude with α = 0.01. Below are the cholesterol levels of all the participants after three months.

a) What is the appropriate test statistic?
---Select--- na z-test One-Sample t-test Independent-Samples t-test Related-Samples t-test

b)
Condition 1:
---Select--- cholesterol level non-vegetarian months diet vegetarian
Condition 2:
---Select--- cholesterol level non-vegetarian months diet vegetarian

c) Compute the appropriate test statistic(s) to make a decision about H₀.
(Hint: Make sure to write down the null and alternative hypotheses to help solve the problem.)
critical value =  ; test statistic =
Decision:  ---Select--- Reject H0 Fail to reject H0

d) If appropriate, compute the CI. If not appropriate, input "na" for both spaces below.
[  ,  ]

e) Compute the corresponding effect size(s) and indicate magnitude(s).
If not appropriate, input and/or select "na" below.
d =  ;  ---Select--- na trivial effect small effect medium effect large effect
r² =  ;  ---Select--- na trivial effect small effect medium effect large effect

f) Make an interpretation based on the results.

Non-vegetarians had significantly higher cholesterol levels than vegetarians.

Non-vegetarians had significantly lower cholesterol levels than vegetarians.    

There was no significant cholesterol difference between non-vegetarians and vegetarians.

(mysql)Lab 10 Database Normalization

The relation (PatientLab) below provides some sample data for a clinic office that stores patient, insurance, lab test, and lab test result information. The relation is already in first normal form (1NF). Assuming that one patient can have multiple different tests performed in one day and same test can be performed for the same patient in different dates.

1. Provide examples to show that insertion, deletion, and modification anomalies could occur on this table.

a. Insertion anomaly

b. Deletion anomaly

c. Update anomaly

2. Identify the functional dependencies represented by the attributes shown in the above table.   State any assumptions you make about the data and the attributes.

Note: Assume that the primary key is (Patient_ID, Lab_Test_ID, Lab_Test_Date) which fully functionally determines the Lab_Result.

3. Describe and illustrate the process of normalizing the table shown above to 3NF. Identify the primary keys and foreign keys in your resulting relations after 3NF.

1NF: (Find any repeating group and process it if there is any.)

Relations after 1NF

2NF: (Find any partial dependency and process it if there is any.)

Relations after 2NF

3NF: (Find any transitive dependency and process it if there is any.)

Relations after 3NF (Show primary key and foreign key in each relation.)

Q: answer for 1,2,3 plz

Fantasy Fashions had used the LIFO method of costing inventories, but at the beginning of 2018 decided to change to the FIFO method. The inventory as reported at the end of 2017 using LIFO would have been $22 million higher using FIFO. Retained earnings reported at the end of 2016 and 2017 was $242 million and $262 million, respectively (reflecting the LIFO method). Those amounts reflecting the FIFO method would have been $252 million and $274 million, respectively. 2017 net income reported at the end of 2017 was $30 million (LIFO method) but would have been $32 million using FIFO. After changing to FIFO, 2018 net income was $38 million. Dividends of $7 million were paid each year. The tax rate is 40%.

Required: 1. Prepare the journal entry at the beginning of 2018 to record the change in accounting principle.

2. In the 2018–2017 comparative income statements, what will be the amounts of net income reported for 2017 and 2018?

3. Prepare the 2018–2017 retained earnings column of the comparative statements of shareholders’ equity.

Malco Enterprises issued $14,000 of common stock when the company was started. In addition, Malco borrowed $44,000 from a local bank on July 1, 2018. The note had a 6 percent annual interest rate and a one-year term to maturity. Malco Enterprises recognized $76,500 of revenue on account in 2018 and $90,000 of revenue on account in 2019. Cash collections of accounts receivable were $62,900 in 2018 and $73,100 in 2019. Malco paid $43,000 of other operating expenses in 2018 and $49,000 of other operating expenses in 2019. Malco repaid the loan and interest at the maturity date. Required a. Organize the information in accounts under an accounting equation. b. What amount of net cash flow from operating activities would be reported on the 2018 cash flow statement? c. What amount of interest expense would be reported on the 2018 income statement? d. What amount of total liabilities would be reported on the December 31, 2018, balance sheet? e. What amount of retained earnings would be reported on the December 31, 2018, balance sheet? f. What amount of cash flow from financing activities would be reported on the 2018 statement of cash flows? g. What amount of interest expense would be reported on the 2019 income statement? h. What amount of cash flows from operating activities would be reported on the 2019 cash flow statement? i. What amount of assets would be reported on the December 31, 2019, balance sheet?

Problem 16-2 Concord Inc. issued $3,120,000 of convertible 10-year bonds on July 1, 2017. The bonds provide for 12% interest payable semiannually on January 1 and July 1. The discount in connection with the issue was $49,200, which is being amortized monthly on a straight-line basis. The bonds are convertible after one year into 8 shares of Concord Inc.’s $100 par value common stock for each $1,000 of bonds. On August 1, 2018, $312,000 of bonds were turned in for conversion into common stock. Interest has been accrued monthly and paid as due. At the time of conversion, any accrued interest on bonds being converted is paid in cash. Prepare the journal entries to record the conversion, amortization, and interest in connection with the bonds as of the following dates. (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.) (a) August 1, 2018. (Assume the book value method is used.) (b) August 31, 2018. (c) December 31, 2018, including closing entries for end-of-year. No. Date Account Titles and Explanation Debit Credit (a) Aug. 1, 2018 (To record the issuance of shares of common stock and the write-off of the discount on bonds payable.) Aug. 1, 2018 (To record payment in cash of interest accrued on bonds.) (b) Aug. 31, 2018 (To record amortization of discount on bonds.) Aug. 31, 2018 (To record accrual of interest on bonds.) (c) Dec. 31, 2018

On January 1, 2018, NRC Credit Corporation leased equipment to Brand Services under a finance/sales-type lease designed to earn NRC a 13% rate of return for providing long-term financing. The lease agreement specified:

Ten annual payments of $68,000 beginning January 1, 2018, the beginning of the lease and each December 31 thereafter through 2026.

The estimated useful life of the leased equipment is 10 years with no residual value. Its cost to NRC was $380,163.

The lease qualifies as a finance lease/sales-type lease.

A 10-year service agreement with Quality Maintenance Company was negotiated to provide maintenance of the equipment as required. Payments of $6,000 per year are specified, beginning January 1, 2018. NRC was to pay this cost as incurred, but lease payments reflect this expenditure.

A partial amortization schedule, appropriate for both the lessee and lessor, follows:

(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:
1. Prepare the appropriate entries for the lessee related to the lease on January 1, 2018 and December 31, 2018.
2. Prepare the appropriate entries for the lessor related to the lease on January 1, 2018 and December 31, 2018.

Al Mavali Enterprise is a manufacturer of engines for high-tech buses. The enterprise was engaged in the business of providing engineering and support services to bus manufacturers. On 1st January, 2018, the enterprise has received a fresh order from Tamin Corporation a leading bus manufacturer in a country. Tamin Corporation ordered Al Maveli Enterprise to develop a new design of electronic turbo engine, for that Tamin Corporation has sent all technical specifications. Al Maveli Enterprise was in need of funds for completing this order. The total fund required for this project was OMR 270,000. So, the enterprise mobilizes this amount of fund by availing long term loan from the enterprise’s bank. Below are the details of expenses incurred for this research and development project.

 Salaries paid to engineers and technicians on 20th February 2018 was OMR 47,250

On 8th April, 2018 the test model was developed at a cost of OMR 67,500

 On 12th July, 2018 the cost of revising the test model was for OMR 81,000

 First test model was developed on 31st July, 2018 at a cost of OMR 21,600

 On 20th November, 2018 a conference was conducted and technical experts were invited for the introduction of newly designed engine. The expenses of the conference were OMR 13,500

 On 23rd December, 2018 the new product development electronic turbo engine was achieved. According to Al Maveli Enterprise the budgeted net profit for the year 2018 was OMR 243,000.
Required: On the role of an accountant assess the proper accounting treatment relating to the research and development project of developing a new electronic turbo engine for high-tech buses in the financial statements for the year 2018.