In: Economics
cenario Part 1 Koorine and Tau are good friends who have known each other since starting high school. Upon finishing school Tau enrolled in a Bachelor of Business (Financial Planning) and Koorine travelled overseas where she studied accountancy and worked for a number of years in an accountancy firm. Tau has also worked since graduation as a financial planner with a local firm. When Koorine returned to Australia and caught up with Tau, they decided to go into business together under the name FinRight. Tau handles the financial services and planning side of the business and Koorine provides the accounting services. They rent premises together and have some administrative assistance. They have never executed any formal agreement but have always shared the profits and losses. It initially cost them $40,000 to set up the business. Tau contributed $25,000 and Koorine contributed $15,000. Business is growing quickly and going really well. In the last financial year, the business made a profit of $220,000. Unfortunately, problems arose when Tau claimed that he was entitled to 70% of the profit because he generated 70% of the revenue, and he argued that his initial contribution was greater. To try to increase her contribution, Koorine decided to purchase expensive computer equipment and software from Computers2U. It cost $10,000. Koorine did not consult with Tau about the purchase and when Tau was presented with the invoice from Computers2U, he refused to authorise payment. Unfortunately, Tau was unfamiliar with the new computer equipment and as a result produced a misleading report. This led to negligent advice being given to a client, KX, who suffered some financial loss as a result. Both KX and Computers2U and have talked of suing FinRight if a resolution is not reached soon. Despite their recent disagreements, Koorine and Tau are determined to work through their differences and make a go of their business, if they are able. They would like your advice. Please advise on the following matters using case law and statute to support your answers:
1. Discuss the various business structures available and advise Tai and Koorine as to what type of business structure they are currently operating.
In: Operations Management
Imagine that you are preparing taxes for a local tax service provider. A married couple named Judy and Walter Townson has come to you to seeking assistance with their federal income taxes. During your meeting with the Townsons, you gather the following information:
-they are both 55 years of age
-They have two daughters and one son. One daughter (25) is married
with children. One daughter (20) is living at home and attending
college. Their son (16) is a junior in high school.
-They are currently paying for their college-student daughter to
attend school full time.
- Judy is employed as a teacher and makes $60,000 a year. She used
$500 of her personal funds to purchase books and other supplies for
her classroom.
-Walter is employed as a CPA and makes $100,000 a year
- They provided you a 1099-INT which reported $4,500 in the
interest of which $500 was saving bonds interest
- They offered you a 1099-DV which said $300 in dividends
-They received a state tax refund last year of $385
- They provided you a list of expenses including: doctors bill
$800, Prescriptions $400, New glasses $2000, dental bills $560,
braces $5000, Property taxes for their two cars of $800, which
included $50 in decal fees, real estate taxes $4500, mortgage
interest $12000, Gifts to charities $1,000, GoFunMe contribution to
local families in need $100, and Taxes preparation fees for last
years taxes $400.
Consider the most beneficial way for Judy and Walter to file their federal income tax return. Prepare a brief written summary that addresses the following:
-Estimated taxable income for Judy and Walter (please show
compilations)
-Summary of tax return, including andy suggestions or tax planning
consideration
- Explain how you determined the filing status, dependents, and use
of standard/ itemized deduction
The specific course learning outcomes associated with this assignment are:
1. Review tax authories and sources of tax law
2. Assess the concepts of gross income and strategies to minimize
gross income
3. Examine deductions from income, limitations on those deductions,
and strategies for maximizing deductions.
In: Accounting
Joe Schultz was a first line supervisor of a group of assembly line workers at Supreme Manufacturing, a plastics manufacturing facility. With a high school education, he had been with Supreme in this department, first as an assembly worker, then promoted as a supervisor 5 years ago. His leadership style could be described as "active, controlling and task oriented." He was of the same ethnic background as many of his subordinates (German) and would often 'kid' with them in Germanic slang at the local beer garden on Fridays after work. He was well liked by his subordinates and their work performance was among the best in the company. Joe was recognized as being highly intelligent and mechanically expert. He had taken some evening courses in engineering at the local university over the past 3 years. He had done well, maintaining a B+ average. Recently, with a respectable (although not expert) background in engineering, he was promoted to assistant supervisor in the company's drafting department. Here he had the technical skills necessary to supervise his employees, and the work he supervised was highly programmed, as it was in the assembly department. The workers he supervised were of diverse ethnic background and of mixed gender. Most of them had been in the drafting department for 8-10 years. There was a feeling on the part of some of his new subordinates that one of their own, Bonnie Melville, should have been promoted to the position; but this feeling was not too strong, as certain members of the group disliked Bonnie. Joe continued has basic leadership style (as described above) in his new job, but somehow productivity in the drafting department fell. Numerous antagonisms developed under Joe's leadership and a couple of his better subordinates resigned within a period of three months.
Question: Explain why Joe did so very well in his old department, and encountered these problems in his new job. Incorporate into your response what you have learned about contingency theory and team building. Discuss the Leadership Grid (p.250). Also consider French and Ravens framework of social power (pp. 125-134 + lecture notes week 3) to assess the social power Joe held in his old and his new position. What should Joe do to improve his own performance with respect to his new work team? What, if anything, should Joe's supervisor attempt to do to get the situation back on track?
In: Operations Management
Question 25 page 315 Chapter 13 (Principles of Microeconomics) book
Becky and Sarah are sisters who share a room. Their room can easily get messy and their parents are always telling them to tidy it. Here are the costs and benefits to both Becky and Sarah, of taking the time to clean their room. If both Becky and Sarah clean, they each spends two hours and get a clean room. If Becky decides not to clean and Sarah does all the cleaning, then Sarah spends 10 hours cleaning (Becky spends 0) but Sarah is exhausted. The same would occur for Becky if Sarah decided not to clean - Becky spends 10 hours and becomes exhausted. If both girls decide not to clean, they both have a dirty room. a. What is the best outcome for Becky and Sarah? What is the worst outcome? Please construct a game theory based prisoner4's dilemma table. b. What is the expected outcome. Fully explain why. c. How might the assignment of property rights be arranged so that Becky and Sarah are incentivized to achieve a clean room? Yes, you get to play the role of the parent here.
In: Economics
In: Finance
40. One of your clients intentionally simulates physical and psychological symptoms such as pains, panic attacks, etc. (you know that external incentives for the condition like getting disability money are absent). What will be your diagnosis for these symptoms? a. bipolar disorder b. dissociative fugue c. factitious disorder d. pathological lying e. truth-denial disorder 41. Delusions and hallucinations are two different names of the similar psychological experience. a. true b. false 42. Phobias are common in children. a. true b. false 43. Conduct disorder is not diagnosed in girls. a. true b. false 44. Autism is another name for dissociative identity disorder. a. true b. false 45. Key symptoms of conversion disorder include problems with movements. a. true b. false 46. Autism is not being diagnosed in some countries. a. true b. false 47. The term “erotomania” refers to a category of delusions. a. true b. false 48. About 9% of global population is affected by schizophrenia. a. true b. false 49. Schizophrenia is incurable. a. true b. false 50. Paranoid delusions are commonly associated with overwhelming fear. a. true b. false
In: Psychology
To please be done in excel: It is November, 2001. ABC Ltd. is a company listed on the Stock Exchange. The company was founded in the early 1980’s and management identified a market for small photocopier and fax machines and in later years, tablets. The company has in the past relied on importing equipment from the Far East, but the recent decline in the value of the Peso, combined with increased local competition, has resulted in a significant decrease in the profitability during the past two years. Management is investigating the feasibility of establishing a local manufacturing plant in order to manufacture a new, low cost tablet called “Tab”. This machine would be the only tablet supplied by ABC. It is a small and fairly basic machine, which is designed to serve the lower end of the market. Based on a market survey (which cost $100 000), the probable demand for “Tab” in the first year has been estimated. This is illustrated in Table 1. Table 1: Market Survey of Expected Demand in Year 1 Demand per annum Probability Expected Demand High 10,000 30% Medium 9,400 40% 9400 Low 8,800 30% New plant with a maximum annual capacity of 10 000 units can be purchased for $3.5 million. The plant has an estimated useful life for four years, at the end of which the residual value is expected to be $350 000. Variable production costs are estimated at $1 000 per unit, while additional fixed costs, based on a capacity of 10 000 units and before allowing for depreciation, are expected to amount to $250 per unit. These fixed costs will be avoidable if local manufacture does not take place. The “Tab” would sell for $1 700 each, some $500 less than the selling price of the cheap imported tablets currently sold by ABC. This would mean that the current sales of 7 000 units per annum of the cheap imported machines would cease. The contribution generated by sale of these imported machines amounts to $250 per unit. Existing fixed costs amount to $1,75 million per annum, and will still be incurred if local manufacture takes place. The new plant would be written off over 5 years on a straight-line basis for tax purposes. The corporate tax rate is 30% and ABC uses a discount rate of 18% for all projects of this type. There are no expected changes to the working capital of the business. Question: Show that the project’s expected net incremental cash flows for the first year are equal to $1 316 000.Assuming that all four years have the same net incremental cash flows as calculated, and taking into account any other relevant cash flows, show that the NPV, IRR and Payback Period of the project as a whole are: $274 805.27, 21.8% and 2.66 years respectively.
In: Finance
Vision Resort is a five-star resort and spa founded in 2012. Vision believes in offering authentic services to every customer by fulfilling and catering the needs of their guests efficiently. Facilities and services include spacious rooms, banquet halls, gardens, restaurants, a wide range of food with delicious cuisines. All its employees are well trained and provide high customer satisfaction.
Vision resort focuses on premium pricing strategy for its products as they cater to high profile business class and upper class of the society. The value provided through the luxurious experience to the customers during their stay in the resort and the first class royal service explains the high prices of the resort packages. However, in light of the current economic condition in the world due to the Coronavirus, the resort is currently trying to provide a combination of high quality and service while also providing fair prices.
Also, Vision resort is the owner and operator of the franchise system. They are present in 20 countries prominent ones being in Bahrain, Oman, Kuwait, and Dubai Chicago, Hong Kong, Manila, Mumbai, San Francisco, and Tokyo. It is noteworthy that the prices of the resort packages differ based on the geographic location. Also, prices fluctuate during different times of the year, as they tend to increase during the weekends and Eid holidays and decrease during the low seasons.
Regarding the promotion strategy, vision resort has built and maintained positive awareness, and brand value by word of mouth. This has been achieved by gaining high customer satisfaction and providing excellent customer relationship management. They reward loyalty to regular clients by their signature membership cards known as Vision Gold Passport accepted globally which fetches them extra discounts and additional perks. Due to the social distancing, vision resort adopted advertising via TV broadcasting. Moreover, digital marketing tools such as instagram sponsorship allowed reaching target customers through a click of a button.
Recently, a new global disease has spread rapidly among people and the resort decided to open its doors to the passengers arriving into the country by air and border crossings and were taken to stay for free in a 14-day coronavirus quarantine. This initiative shows the social responsibility that the resort holds towards the community.
Answer the following questions:
1. What is the major pricing strategy vision resort follows and why?
2. What is the price elasticity of demand for rooms in the resort and why?
3. What is the price adjustment strategy followed by the resort management?
4. Give examples of the promotion mix?
5. The hotel resort management is planning to open a new shop in the resort, a brain storming session was held with the hotel employees where they suggested the following ideas: A coffee shop, diving equipment shop, gifts shop. Explain the process (steps) undertaken by the resort management to introduce a new product.
In: Economics
In: Economics