Recruitment and Selection Processes: You need to hire a new Server for a Fast food restaurant. Describe the recruitment and selection processes (Desired knowledge/skills/abilities; Application, interview, and/or tests). How would you structure these selection tools?

Benjamin, Inc., operates an export/import business. The company has considerable dealings with companies in the country of Camerrand. The denomination of all transactions with these companies is alaries (AL), the Camerrand currency. During 2017, Benjamin acquires 39,000 widgets at a price of 8 alaries per widget. It will pay for them when it sells them. Currency exchange rates for 1 AL are as follows:

1. Assume that Benjamin acquired the widgets on December 1, 2017, and made payment on March 1, 2018. What is the effect of the exchange rate fluctuations on reported income in 2017 and in 2018?
2. Assume that Benjamin acquired the widgets on September 1, 2017, and made payment on December 1, 2017. What is the effect of the exchange rate fluctuations on reported income in 2017?
3. Assume that Benjamin acquired the widgets on September 1, 2017, and made payment on March 1, 2018. What is the effect of the exchange rate fluctuations on reported income in 2017 and in 2018?

Bossier Ltd has just acquired all the issued shares of Millus Ltd. The accounting staff at Bossier Ltd has been analyzing the assets and liabilities acquired in Millus Ltd. As a result of this analysis, it was found that Millus Ltd had been expensing its research outlays. Over the past 3 years, the company has expensed a total of $60,000, including $20,000 immediately before the acquisition date. One of the reasons that Bossier Ltd acquired control of Millus Ltd was its promising research findings in an area that could benefit the products being produced by Bossier Ltd. There is disagreement among the accounting staff as to how to account for the research abilities of Millus Ltd. Some of the staff argue that, since it is research, the correct accounting is to expense it, and so it has no effect on accounting for the group. Other members of the accounting staff believe that it should be recognized on consolidation, but are unsure of the accounting entries to use, and are concerned about the future effects of recognition of an asset, particularly as no tax advantage remains in relation to the asset.

Question 1: What accounting is most appropriate for these circumstances? Please advise.

Benjamin, Inc., operates an export/import business. The company has considerable dealings with companies in the country of Camerrand. The denomination of all transactions with these companies is alaries (AL), the Camerrand currency. During 2017, Benjamin acquires 20,000 widgets at a price of 8 alaries per widget. It will pay for them when it sells them. Currency exchange rates for 1 AL are as follows: September 1, 2017 $0.46 December 1, 2017 0.44 December 31, 2017 0.48 March 1, 2018 0.45 Assume that Benjamin acquired the widgets on December 1, 2017, and made payment on March 1, 2018. What is the effect of the exchange rate fluctuations on reported income in 2017 and in 2018? Assume that Benjamin acquired the widgets on September 1, 2017, and made payment on December 1, 2017. What is the effect of the exchange rate fluctuations on reported income in 2017? Assume that Benjamin acquired the widgets on September 1, 2017, and made payment on March 1, 2018. What is the effect of the exchange rate fluctuations on reported income in 2017 and in 2018?

Suppose you are the Chief Marketing Officer for a retailer that has data on the home addresses of its

1,000,000 most active customers. You hope to determine whether sending out “20% off your entire

purchase” coupons by mail will increase revenues.

You conjecture that customers who have access to this coupon will spend more in the store over the

next year. However, skeptics in your company argue that the coupons will just allow customers to

spend less on items they would have purchased anyway. This is a debate that an experiment can

resolve.

In thinking about how large of an experiment you need to have enough statistical power, you realize

that many of the customers you send the coupons to in the mail will not open the mail and so will not

realize they received the coupon.

1. The CEO argues that to estimate the effects of the coupons on revenue, you should compare

the difference in revenues from a) people you sent the coupons and who used them and b)

people you sent the coupons but who did not use them. Write a response to your CEO:

describe the flaw with this plan in language the CEO will understand, and advocate for your

proposed experiment.

2. To avoid the cost of sending out coupons you do not need to, you ask the data science team

to plan an experiment just large enough (with just enough statistical power) to reliably detect

a treatment effect if the true effect on those who open the mail and realize they have the

coupon is a $2 increase in revenue over the next year. The data science team tells you that

an experiment with 100,000 people in the treatment group (leaving the remaining 900,000 in

the control group) will be well-powered to detect an overall difference between the entire

treatment and control groups of $2 in revenue over the next year. To send out the minimum

number of coupons required while still having enough statistical power to detect a $2 effect of

opening the mail, can you send out fewer, the same number of, or more coupons than

100,000?

You have a job that you really dislike. You have just gone to interview for a job that you really like, and the interview went well, but the result will not be known until a month later, and there is no way you can find out any more information about it before then. In the meantime, another employer offers you a job that is better than your current job, but it demands your acceptance in a week or the offer will be withdrawn forever. Clearly describe how do you can use decision tree analysis and utility theory to help you make the decision about the offer that is better than your current job but not as good as the job you really like.

Your answer should be a set of instructions or a computational procedure that the decision-maker can follow with an example.

For this exercise, select two people in leadership positions to interview. They can be leaders in the formal or informal positions at work, school, or society.

Conduct a 30-minute interview with each leader – ask the leaders to describe the visions they have for their organizations. In addition, ask, “How do you articulate and implement your visions”.

Leader #1 – is the leader vision content, vision articulation, or vision implementation?

Leader #2 – is the leader vision content, vision articulation, or vision implementation?

• What differences and similarities did you observe between the two leaders?
• Did the leaders advocate specific values? If so, what?
• Did the leaders use any unique symbols to promote their visions? If so, what?
• In what ways did the leaders behaviors model their visions to others?

You are the Manager of Financial Reporting for your company. Your company is facing a number of reporting challenges as a result of an acquisition, COVID-19 and other activities. Although the CFO makes the final decision on accounting standard applications, the CFO relies heavily on your expertise (acquired in the Aurora University MSA program) and your years of research and experience.

In a meeting (brainstorming session), a list of potential reporting issues is developed and are listed below. You have been asked to select the three you feel may be most important and prepare a memo to be reviewed and to guide proper accounting treatment for each.

Your memo should include:

Organization-Appears neat and organized; logical; no spelling or grammar errors; guides the reader to the point(s).

Facts/Issues-States area being reviewed and identifies importance (“issue”) to a company.

Applicable Literature-Identifies all applicable literature. It is properly linked to the issue noted above. Citations are to adequate depth that it represents support, not the start of a new search.  Please remember, some areas have guidance in more than one area of ASC. Some topics have conflicting direction. These should all be identified.

Remember as you prepare your memo to be complete but concise.  Like most executives, the CFO has the attention span of an ant. Your goal is to get the key points summarize and supported, having a significant impact on the decision-making process.

Here is the list of topics developed in the brainstorming session:

1. Balance Sheet classifications
2. Valuation of Assets and Liabilities in an acquisition
3. Valuation accounts
4. Impairment of long-term assets
5. Contingent liabilities
6. Non-recurring items
7. Cash flow impact of refinancing
8. Related party transactions
9. Revenue recognition-over time (maintenance agreement)
10. Principal/Agent definition

You can answer any three BUT your answers must be in numerical order (eg. 4, 7, 10). DO NOT submit your answers out of order (eg. 7, 4 , 9).

Using social media has streamlined a process that was an elaborate process for the organization. It took great practice to find talent and there were many interview steps to help find candidates. Because social media has limited the contact with the applicant, do you feel these processes can help find the best candidates for the job? Do you feel the resume can be the best opportunity to understand a candidate and understand the skill the applicant may bring? Limited interaction with a candidate can cause the organization to miss a sound candidate if an applicant is not skilled in listing those key words in the resume that will be picked up by the media site, the company can miss sound applicants. What process can help eliminate this opportunity?