In: Economics
1. Write a mission statement for yourself that incorporates your
values.
Write a vision statement for yourself.
2. Define 3 careers and/or educational goals after graduating from University.
3. List 3 key questions that guide your choices. (These are essential questions that serve as touchstones to direct your life and work)
Each question around 200 words and full sentences please
In: Operations Management
Effort IT solutions is a software company at AL Dakhaliya region
of Sultanate of Oman. The motto of the company is providing
software solutions for all the business needs. Currently there are
20 employees in the company. The company is doing well and it has
good reputation in the region for its creative and good software
solutions. This is because of the highly skilled employees at the
company. Mr Abdullah, the managing director of the company is
worried these days because of the human resource issues in the
company. The employees of the company are getting lucrative offers
from its competitors. The company is facing acute problem of labour
turnover. Now Mr Abdullah feels that this would increase by the
time.
One of the friend of Mr Abdullah who is a business consultant
advised him that he should go for Human resource accounting in the
company. This would help to identify those employees who are doing
well and reward them in order to retain them. He also suggested
that this would also help to tackle the problem of employee
turnover and maintain the record of the amount spent on Human
resources.
After considering the advice given by the consultant, Mr Abdullah
wish to implement Human resource accounting in the company. Based
on his research he concluded that Historical cost approach would
suit best to his company.
a. Why labour turnover is an issue? What is your suggestion to Mr.
Abdullah to deal with labor turnover?
b. Do you agree with the advice given by the consultant? Give reasons.
c. Apart from Historical cost approach, which Human Resource accounting approach do you suggest for a software solution company where there are highly skilled employees? Justify your answer.
d. How would the company implement Historical cost approach? Write a brief summary of the process of implementing Human resource accounting with the following costs. Recruitment cost RO 200 a. Hiring and other costs RO 150 b. Training cost RO 350 c. How would you write off these costs over the assumed life of an employee?
In: Accounting
[The following information applies to the questions displayed below.]
|
Web Wizard, Inc. has provided information technology services for several years. The company uses the percentage of credit sales method to estimate bad debts for internal monthly reporting purposes. At the end of each quarter, the company adjusts its records using the aging of accounts receivable method. The company entered into the following partial list of transactions during the first quarter. |
| a. | During January, the company provided services for $42,000 on credit. |
| b. | On January 31, the company estimated bad debts using 1 percent of credit sales. |
| c. | On February 4, the company collected $21,000 of accounts receivable. |
| d. | On February 15, the company wrote off a $200 account receivable. |
| e. | During February, the company provided services for $32,000 on credit. |
| f. | On February 28, the company estimated bad debts using 1 percent of credit sales. |
| g. | On March 1, the company loaned $2,800 to an employee who signed a 6% note, due in 6 months. |
| h. | On March 15, the company collected $200 on the account written off one month earlier. |
| i. | On March 31, the company accrued interest earned on the note. |
| j. |
On March 31, the company adjusted for uncollectible accounts, based on an aging analysis (below). Allowance for Doubtful Accounts has an unadjusted credit balance of $1,220. |
| Number of Days Unpaid | ||||||||||||||||
| Customer | Total | 0–30 | 31–60 | 61–90 | Over 90 | |||||||||||
| Alabama Tourism | $ | 200 | $ | 120 | $ | 70 | $ | 10 | ||||||||
| Bayside Bungalows | 420 | $ | 420 | |||||||||||||
| Others (not shown to save space) | 17,500 | 7,000 | 8,600 | 1,200 | 700 | |||||||||||
| Xciting Xcursions | 380 | 380 | ||||||||||||||
| Total Accounts Receivable | $ | 18,500 | $ | 7,500 | $ | 8,670 | $ | 1,210 | $ | 1,120 | ||||||
| Estimated uncollectible (%) | 2 | % | 10 | % | 20 | % | 35 | % | ||||||||
| Required: | |
| 1. |
For items (a)–(j), analyze the amount and direction (+ or − ) of effects on specific financial statement accounts and the overall accounting equation. (Enter any decreases to account balances with a minus sign.) |
| 2. |
Prepare the journal entries for items (a)–(j). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) |
In: Accounting
On December 31, Year 1, Precision Manufacturing Inc. (PMI) of Edmonton purchased 100% of the outstanding ordinary shares of Sandora Corp. of Flint, Michigan.
Sandora’s comparative statement of financial position and Year 2 income statement are as follows:
| STATEMENT OF FINANCIAL POSITION | ||||||
| At December 31 | ||||||
| Year 2 | Year 1 | |||||
| Plant and equipment (net) | US$ | 6,600,000 | US$ | 7,300,000 | ||
| Inventory | 5,700,000 | 6,300,000 | ||||
| Accounts receivable | 6,100,000 | 4,700,000 | ||||
| Cash | 780,000 | 900,000 | ||||
| US$ | 19,180,000 | US$ | 19,200,000 | |||
| Ordinary shares | US$ | 5,000,000 | US$ | 5,000,000 | ||
| Retained earnings | 7,480,000 | 7,000,000 | ||||
| Bonds payable—due Dec. 31, Year 6 | 4,800,000 | 4,800,000 | ||||
| Current liabilities | 1,900,000 | 2,400,000 | ||||
| US$ | 19,180,000 | US$ | 19,200,000 | |||
| INCOME STATEMENT | |||
| For the year ended December 31, Year 2 | |||
| Sales | US$ | 30,000,000 | |
| Cost of purchases | 23,400,000 | ||
| Change in inventory | 600,000 | ||
| Depreciation expense | 700,000 | ||
| Other expenses | 3,800,000 | ||
| 28,500,000 | |||
| Profit | US$ | 1,500,000 | |
Additional Information
| Dec. 31, Year 1 | US$1 | = | C$1.10 |
| Sep. 30, Year 2 | US$1 | = | C$1.07 |
| Dec. 31, Year 2 | US$1 | = | C$1.05 |
| Average for Year 2 | US$1 | = | C$1.08 |
Assume that Sandora's functional currency is the U.S. dollar:
(i) Calculate the Year 2 exchange gain (loss) that would result from the translation of Sandora's financial statements and would be reported in other comprehensive income. (Input all amounts as positive value. Omit currency symbol in your response.)
(Click to select) Exchange gain Exchange loss C$
(ii) Translate the Year 2 financial statements into Canadian dollars. (Round the values in the "Rate" column to 2 decimal places. Loss amounts should be indicated with a minus sign. Input all other amounts as positive values. Omit currency symbol in your response.)
| Income Statement - Year 2 | |||||
| US$ | Rate | C$ | |||
| Sales | 30,000,000 | × | |||
| Cost of purchases | 23,400,000 | × | |||
| Change in inventory | 600,000 | × | |||
| Depreciation expense | 700,000 | × | |||
| Other expenses | 3,800,000 | × | |||
| Total | 28,500,000 | ||||
| Profit | 1,500,000 | × | |||
| Other comprehensive (Click to select) income loss − unrealized exchange (Click to select) gain loss | |||||
| (Click to select) Comprehensive loss Comprehensive income | |||||
| Retained Earnings Statement - Year 2 | |||||
| US$ | Rate | C$ | |||
| Bal. Jan 1 | 7,000,000 | × | |||
| Profit | 1,500,000 | × | |||
| 8,500,000 | |||||
| Dividends | 1,020,000 | × | |||
| Bal. Dec 31 | 7,480,000 | ||||
| Statement of Financial Position - December 31, Year 2 | |||||
| US$ | Rate | C$ | |||
| Plant and equipment (net) | 6,600,000 | × | |||
| Inventory | 5,700,000 | × | |||
| Accounts receivable | 6,100,000 | × | |||
| Cash | 780,000 | × | |||
| 19,180,000 | |||||
| Ordinary shares | 5,000,000 | × | |||
| Retained earnings | 7,480,000 | ||||
| Accumulated foreign exchange adjustments | |||||
| Bonds payable | 4,800,000 | × | |||
| Current liabilities | 1,900,000 | × | |||
| 19,180,000 | |||||
In: Accounting
This is an extract describing a fashion house noted for
custom-made gowns in Ghana. Use the case information to answer the
questions that follow. Pistis is a Ghanaian based fashion house
headquartered in Accra. The company currently stands at the
frontline of the fast growing African fashion industry while making
major strides on the international markets. Pistis, at the core,
prides itself on creating master pieces for every client and, as
result, has garnered a name as the leader in special occasion
clothes. From their unique hand beaded bridal gowns to their
creative use of African fabrics such as kente, the brand aims at
making every woman standout as royalty in a Pistis gown. All
clothing are specially made to order and the organisation does not
stock clothing. There are minimum slots per month for the clothes
that can be made so its best to confirm an order when you are
certain with the dates to start the process. The organisation has
only one facility in Ghana but has a website where orders can be
placed online. Pisits was started in 2008 by Kabutey and Sumaya
right after graduating from Vogue Style School of School and Design
in Accra, Ghana. The brand was founded on a common vision of
uniquely providing the perfect fit and style to a fast evolving
woman who exuberates ambition, reveres culture and embraces
innovation. By acknowledging the demand in the growing African and
global market, the brand, through the years, has grown expediently
by focusing on providing customers with the best service through
rigorous product development in regard to originality and quality.
Pistis has been featured in various shows such as the Runway Dubai
Season III, Glitz Africa Fashion Week 2013, Radiance Bridal Show
and headlining 3 seasons of the Vlisco Fashion Show in Ghana. In
addition, Pistis has had the opportunity to dress the finalists for
the Miss Malaika Pageant Ghana for 2012, 2013, and 2014 seasons.
Through the years, Pistis has had the opportunity to dress
dignitaries, celebrities, corporate executives, religious leaders
and most importantly, the hardworking everyday woman.
a. If a key need of the customer segment the organisation aims to
fill is increase rate of innovation, how would the key customer
need identified influence the implied demand uncertainty? (3 Mark)
b. Which capabilities of responsiveness (mention 2) does the
organisation’s supply chain possess (use information from the case
to explain why)? c. How can the organisation use the
pricing driver to a. Match supply and demand b. Increase
responsiveness c. Increase efficiency?
In: Operations Management
1. Any group of psychological disorders marked by physical complaints for which no organic or physiological explanation is found and for which there is a strong likelihood that psychological factors are involved is referred to as __________.
Somatoform disorder
Dissociative disorder
Anxiety disorder
Memory disorder
2. A group of mental disorders characterized by a sudden temporary alteration in consciousness, identity, or motor behavior is referred to as ____________.
Somatoform disorder
Dissociative disorder
Anxiety disorder
Memory disorder
3. There are ______ main disorders that are characterized as somatoform.
Two
Seven
Five
Too many to characterize
4. Conversion disorder is also referred to as:
Hyperanesthesia
Dissociation
Hysteria
5. Which of the following best explains the occurrence of “doctor shopping” among hypochondriacs?
Hypochondriacs suffer from rare diseases that are difficult to diagnose so they must visit several specialists.
Hypochondriacs believe that they are ill when they aren’t so they visit several doctors looking for the one who will correctly diagnose them.
Hypochondriacs are bad at picking competent medical care so they must visit several physicians.
Hypochondriacs believe that they are ill when they aren’t so doctors keep passing them on to other physicians.
6. Due to their similarities, like ritual grooming, many clinicians treat Body Dysmorphic Disorder (BDD) as a form of what other disorder?
Social Anxiety Disorder
Dissociative Disorder
Hysteria
Obsessive-Compulsive Disorder
7. Many psychologists and other health professionals believe that dissociative disorders are the result of some kind of ______________.
Chemical imbalance
Genetic abnormality
Psychological trauma
Intellectual deficiency
8. When an individual develops more than one distinct personality they are said to be suffering from what?
Dissociative fugue
Depersonalization Disorder
Dissociative Identity Disorder
Dissociative amnesia
9.
When an individual blocks out personal information about himself or herself they are said to be suffering from what?
Dissociative amnesia
Depersonalization disorder
Dissociative fugue
Psychogenic fugue
10.
When people feel chronically detached from themselves, or “spaced-out,” they are said to be suffering from what?
Social anxiety disorder
Depersonalization disorder
Dissociative amnesia
Dissociative identity disorder
In: Psychology
Discuss some of the benefits of universal health coverage. Choose a country of your choice and discuss how that country differs from the US regarding healthcare coverage.
In: Nursing
The US Boskin Commission Report of 1996 advocated downward adjustment of the Consumer Price Index. Explain the rationale underpinning this advocacy using examples from Australia.
In: Economics
In: Finance