You are the manager of a business that is losing money due to COVID and the CEO is pushing you hard to fix things.

You have many employees who are also effected by COVID.

Your financial statements show that you must cut employment costs by 50 percent. If you do not do this you will go out of business. You made the decision for the entire company: except for two employees.  Miss. Jackson and Jerome Edwards.

Tip 1: Remember from Chapter 1 the goal of the Financial Manager is to maximize the wealthy of your company.  

Tip 2: What about the human component? This is never covered in the text. This is on YOU as a manager.

Facts below.

_________________________________________________________________

Miss. Jackson is one of your best employees, she has worked for you for 10 years, and recently she has lost two family members to COVID. Miss. Jackson is not doing well. If she is furloughed she risks losing her house and everything she has worked for over the years. Her performance has decreased due to these major life issues. She suffers from depression and sleep issues due to the stress. She has not communicated these circumstances to you because she is overwhelmed and she is afraid of losing her job. However you know, based upon her performance, she is going through rough times.  Miss. Jackson earns $60,000 a year.

Jerome Edwards is a new and upcoming employee that obtained his MBA from UNCFU with a 3.9 GPA and he is Miss. Jackson's subordinate. Jerome meets deadlines and shows no emotion to the difficulties of COVID. He hits every deadline and has the potential to succeed under any circumstances. When you send him a task he states "I'm on it" and he delivers.  Jerome earns $40,000 a year.

__________________________________________________

I am the CEO of the corporation and I care about people. However I need to keep this business alive.

My request for this answer is to write a 250 word memo to me, the CEO, discussing your decision regarding Miss. Jackson and Jerome.

_________________________________________________

I am a CEO who requires facts and an analysis based on how we can support our employees while keeping the business sustainable.

Maya is a senior in high school. She earns $8 an hour working approximately 25 hours a week at the local grocery store. An estimated 30 percent of her pay is deducted for taxes. Maya also earns approximately $15 each month in interest on savings.

Maya still owes money on her used car ($235 a month), but she doesn’t pay rent because she lives with her parents. She is responsible for the following expenses every month: cell phone ($35–$45), gas ($40–$60), and auto insurance ($50). Maya likes to play video games and listen to music, so she frequently buys games and music. Maya typically buys her own clothes and electronic gadgets, but she also receives gifts from her family for special occasions.

One of Maya’s short-term goals is to take a trip to visit her grandparents right after graduation. She expects this to cost $1,000, and she has already saved $500. A long-term goal is to attend college over the next four to five years at the local state school. She plans to pay part of the tuition with scholarship money and from her savings. So far she has set aside $7,000 for her college fund.

Directions:

Create a monthly spending plan for Maya using the information provided. Use this what you have learned to build the plan.

Step 1: List Maya’s anticipated monthly income sources and amounts. Calculate the total income she expects to receive in a month.

Step 2: Add expense categories and insert predicted amounts for each category. Remember to include “pay yourself first” or savings amounts to build up Maya’s trip fund and college fund. Calculate the predicted total amount needed to cover expenses and savings goals.

Step 3: Compare the total income to total expenses. Make adjustments to the expense amounts to ensure that Maya can cover the expenses with the income she expects each month.

You can use word, excel or your other application to present your work.

A firm has the opportunity to make a capital investment with the expectation that the investment will add economic value to the firm, increase customer satisfaction, and increase shareholder return. The investment is for a new supply chain inventory system, using state of the art 5G technologies and tracking capabilities. This system was recently developed and very few of your industry competitors are currently using it. To complete this case you will use Excel to format and solve a capital budget problem. Then you will answer a series of questions based on your calculations. Finally, you’ll prepare a analysis of the project using both derived data and qualitative factors. The data for the project is as follows:

For the case analysis, you are to:
1. Create an Excel spreadsheet to format and solve for each of the capital budget calculations.
a. All calculations are to be completed using Excel formulas
b. Format all dollar values w/ corresponding currency symbol
c. Use whole dollar amounts, so no decimal or cents figures
2. Answer all budget questions thoroughly. Prepare the narrative in Word or similar program, and cut and paste the narrative into the Excel spreadsheet. Please note: do not type the narrative answers directly into the spreadsheet cells.
Capital budget questions:
1. Calculate the project’s net present value. Is the project acceptable under the NPV decision-rule? Explain.
2. Calculate the project’s internal rate of return. Is the project acceptable under the IRR decision-rule? Explain.
3. Compare the NPV and IRR result for this investment. Given the result, is the project favorable and meet the economic considerations of the firm? Is there typically a preference between the NPV and IRR techniques? Explain.
4. Calculate the payback period for the project. If the firm accepts projects with payback at 7 years
or less, is the project acceptable?

Discuss in detail two qualitative factors and considerations related to this investment that the firm
should consider in addition to the quantitative and economic aspects of the project.

XYZ Company has the following data from its costing system regarding its two product lines, A1 and B1:

Using a traditional system, the company would apply manufacturing overhead to the units based on direct labor-hours for the upcoming period as follows:

Using an activity-based costing system, the company would assign manufacturing overhead to the following four activity cost pools. The "Other" cost pool includes organization-sustaining costs and idle capacity costs.

1. (8 points) Compute Product Margins for the A1 and B1 products using the traditional costing system (present your margins in an income statement format similar to Exhibit 6-13 in the textbook).

2. (12 points) Compute Product Margins for the A1 and B1 products using the activity-based costing system (present your margins in an income statement format similar to Exhibit 6-11 in the textbook).

3. (4 points) Based on your analysis above, estimate how much manufacturing overhead was allocated under the traditional costing system to (i) batch setups, and (ii) product sustaining activities for A1 and B1.

Please provide your answers to the questions above on an Excel spreadsheet or Word document and upload using the upload controls.

Use the following information for the questions 1 2 & 3
On 1 st January 2015 Musheer LLC Company started a business of selling and buying Garments
products at Muscat. The company has brought few assets while starting the business namely
cash balance RO 32250, Bank balance RO 29750, short term investments RO 22150. The
company was running successfully the garments products business and started earning good
profits and the company gradually improved their business during the first six months also
purchased a machinery 1 st March 2015 RO 175690 and installation 11810 and life of the machine
is 5 years with scrap value of RO 22000. The company has brought additional capital of RO
1050000 in addition to the regular profits and purchased a building for RO 142750 on 1 st
September 2015 and a loan also borrowed from the Bank Muscat by showing the past months
profits on October 2015 of RO 105000 at 7% interest payable every year. The company with the
positive progress in the garment products business they also started a new branch at Ibra with a
capital of RO 122900. The company had bought one Equipment on 1 st June 2016 in another
branch for RO 97280 with the installation value of RO 22820 which has estimated life of 5 years
with the estimated scrap value of The Company of 13500 and the equipment is depreciated at
25% per annum on reducing balance method/written down value method. The Company closes it
books of account every year on 31 st December and Mr. Muneer a new accountant has been
appointed in the company who is a fresh Bachelor Graduate in accounting with high GPA but he
wants your expertise knowledge to understand the concept of the depreciation and
You are required to prepare depreciation schedule for the following non-current assets
showing all the working notes
A)  Equipment for five years under reducing balance method or written down value
method
B) .Machinery for five years under Straight Line Method

C)Building for five years under straight line method

Note: please write the answer in text format in word

Health Promotion for Multicultural Populations

Consider this scenario: (The scenario could have considered any population located within any community, work site, school, or health care program setting.)

Mortality and morbidity from health-related causes have been increasing for the past several years among several population groups living in a large multicultural metropolitan community. The local health jurisdiction, private providers, voluntary agencies, and community members are very concerned and want to reduce the number of deaths and illnesses drastically. Local government officials recognize that increased screening, referral, and treatment programs are critically needed for identifying problems. Limited monies are available for providing health promotion and education programs to selected multicultural target groups. Select a specific target group in a specific geographical area in your county as a frame of reference to work from. Consider the following questions relevant in a 4 to 5 page Microsoft Word document:

• How would you involve those affected by the problem?
• How would you identify opportunities for Community-based Participatory Research (CBPR) in health promotion program planning?
• How would you assess community capacity as relevant to the program planning effort?
• Describe the dynamic relationship between program planning, evaluation, and implementation.
• How would you assess the needs of the community or target populations?
• How would you diagnose and prioritize health-related concerns (problems and needs) in the community?
• How would you assess the specific health promotion and education needs of the target group (i.e., targeted assessment)?
• How would you use and apply your knowledge about the predisposing, enabling, and reinforcing factors to assist with your planning team identify the target group and select possible program intervention activities?
• What levels of change would be sought in your program?
• What specific health promotion and education program goals and objectives would be included in your hierarchy?
• What factors would you consider relevant to identifying health promotion program intervention activities that would consider the special needs of the target group, the health problem, and setting?
• What levels of evaluation (i.e., impact, outcome, process, and formative) would you use for assessing your previously stated program objectives?

Question No: 2 10 Marks
Case (a) The National Ferries Company in Oman purchased a new ferry at a cost of OMR 320,000. The facilities
available in that ferry were modern and long lasting. The useful life of the ferry was estimated for 20 years. At the
end of the 8th year the ferry’s wireless and navigation system requires replacement. The company felt that the
maintenance cost of the wireless and navigation system was very high and they decided to replace that wireless and
navigation system immediately. Except the wireless and navigation system, the ferry’s technical parts and other
facilities are sail worthy and are expected to function for the next 6 years without any problem. The National
Ferries Company inquired about the price with the producer of wireless and navigation system and they are ready to
deliver the wireless and navigation system at a price of OMR 85,000.
Case (b) A land was acquired by a manufacturing corporation and the purpose of this acquisition was to construct a
factory building. The corporation wishes to obtain permission from the government authorities. For this purpose,
the corporation needs certificate from the government regarding environment clearance and change of classification
of land etc. The estimated cost for such permission and clearance was OMR 42, 200. The corporation wishes to
capitalize such cost of getting permission from the government and it should be included capitalized under cost of
construction of factory building.
According to the standards of IAS 16 the cost of an item of property, plant and equipment will be provided
if and only if it is probable that asset must provide future economic benefits. And the cost of permission and
clearance must also have to be measured reliably. Further as per the standards of IAS 16 the recognition of the cost
of permission and clearance will be made at the time when it is incurred. As per the principle of recognition, the
corporation has capitalized the cost of obtaining permission and clearance.
Required:
Case (a)
i. On the role of a financial analyst provide your information about whether the cost of the new wireless
and navigation system can be recognized as an asset?
ii. By considering the replacement cost of the wireless and navigation system, what amount would be
reported as an asset? And How would treat this asset in the company’s financial statements?

Case (b)
i. On the role of a financial analyst justify by your explanation about the decision of capitalizing the cost
of obtaining permission and clearance from the government is correct or not.
ii. If it is correct, how would you treat this cost in the cost in the corporation’s financial statements? 300 word

Purpose Ltd manufactures and sells plastic storage containers through associated retail outlets throughout Australia. To compete more effectively it has recently introduced a budgetary control system to assist with planning and control of operations. Detailed below is the original static budget set at the start of the month, actual performance figures and the flexed budget for their most popular storage container sold for the month of December 2018,

BUDGET (static)                      ACTUAL                     FLEXED

Output (production and sales)    3000 Units                               4,500 Units                  4,500 Units

                                                $                                              $                                  $

Sales                                        $45,000                                    $65,250                        $67,500

                                                3000 @ $15                             4500 @ $14.50             4,500@ $15

Raw Materials                          ($18,000)                                 ($25,200)                     ($27,000)

36,000 units                             56000 units                  54,000 units     @50c p u                                    @45c p u                     @50c p u

Labor                                       ($6000)                                    ($8280)                        ($9,000)

                                                300 hours                                 460 hours                     450 hours

                                                @$20 ph                                  @18 ph                        @$20 ph

Fixed Overheads                      ($5,000)                                   ($6,900)                       ($5000)

Operating Profit                        $16,000                                    $24,870                        $26,500

REQUIRED:

1. Describe the purpose and benefits of the flexed budget in identifying deviations from planned performance. (limit 80 words)

2. Based on information above , reconcile the operating profit under a static budget to the actual operating profit breaking down the reconciliation and identifying the following favorable and unfavorable variances:

• Sales Volume Variance
• Sales Price Variance
• Materials Usage Variance
• Materials Price Variance
• Labor Usage Variance
• Labor Rate Variance
• Fixed Overhead Spend Variance

Show full workings as to how you calculated each of the above variances

3. Assuming that the budgets above were all accurately set in terms of labor times and rates and material usage and price, suggest one feasible cause for each variance you have identified in (b) from what you know about the company and appreciating the business has produced and sold 50 percent more than initially anticipated under the static budget. As part of your answer focus on explaining why a favorable variance in one area might explain an unfavorable variance in another area – interrelationships and the possible tradeoff between variances in attempting to meet budgeted targets.(140 word limit)   

Precis 3

To complete this assignment, follow the instructions below.

You will have two arguments to address from both Chapter 8 and Chapter 9.

From Chapter 8, Exercise 8.9, write a precis on passages 4 and 5.

4: If the Copernican and Darwinian theories are reasonable representatives of scientific revolutions, Sigmund Freud’s theory of psychology is a candidate for a revolution in thought. Thus, because both the Copernican and Darwinian theories are reasonable representatives of scientific revolutions, Freud’s theory is a candidate for a revolution in thought.- Friedel Wienert, Copernicus, Darwin, and Freud.

5: Infants can recognize human voices as early as 7 months of age. Researchers studied brain activity in 32 infants, half of whom were 4 months of age and the other half 7 months old. Researchers played different sounds, including human voices speaking nonsense languages, and brain activity suggested that the 7 month-olds could distinguish the human voice from the other sounds and the 4 month olds could not.- Neuron

Be sure to identify the type of argument, if appropriate, and discuss the strength of any possible inductive generalizations.

Work to justify your analysis.

No diagram is necessary.

From Chapter 9, Exercise 9.12, write a precis on passages 1 and 4.

Be sure to identify the type of argument, if appropriate, and discuss the strength of any possible analogical arguments.

Work to justify your analysis.

No diagram is necessary.

(1) Plants are a lot like animals, because they both transfer energy of one kind to energy of another. Since most plants get their energy directly or indirectly from sunlight, animals, too, must get their energy from sunlight.-Tom Garrison, Oceanography.

(4) When studying the frontal lobe, the part of the brain that considers the consequences of actions, we made an insightful discovery about the adolescent brain. A major reason why adolescents often make poor decisions is because the nerve cells that connect their frontal lobes with the rest of their brains are sluggish.- Neuroscientist Frances Jensen.

This assignment should be submitted as a double-spaced Microsoft Word document. Please use the naming protocol Precis3_Lastname. For example, if your name is Jane Smith, the document would be saved as Precis3_Smith.

Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders’ equity accounts of Morrow Enterprises Inc., with balances on January 1, 20Y5, are as follows:

The following selected transactions occurred during the year: