Questions
Write a report to your CEO, mentioning the importance of monitoring and controlling in a project...

Write a report to your CEO, mentioning the importance of monitoring and controlling in a project .

In: Operations Management

You need to clearly identify at least 3 distinct, substantive issues. For each issue you need...

You need to clearly identify at least 3 distinct, substantive issues. For each issue you need to 1), identify evidence from the case text that shows why this issue is important, 2), use theory from our textbook as a base for your analysis, and 3), draw an analogy from library materials other than the textbook to strengthen your argument

Assume that you are the Director of Human Resources for a Fortune 500 firm (a Fortune 500 firm is one of the 500 largest firms in the U.S.). You and the senior management team at your firm have noticed increasing tensions between the different generations in your employee workforce. Most of the managers are Baby Boomers or Generation X while much of the professional staff are Generation Y (“millennials”). Further, a new generation, known as “Generation Z” is entering the workforce. They are beginning to be entrylevel employees now but a substantive fraction of them will, of course, be promoted into management over time. The senior management team, including the CEO, has asked you to conduct a preliminary analysis of this new Generation Z. The conclusions and recommendations of your report could be used widely in firm especially but not only in the areas of attraction, retention, and development of employees. Write a brief management analysis report to the senior management team that informs them about the issues surrounding Generation Z, and what might be done to change company practices or otherwise address issues of Generation Z proactively. That is, using the language of our class, describe (explain or predict) specific examples of management skills or abilities that you think are needed—either among the existing (non-generation Z) managers and employees or among the new Generation Z employees themselves—along with possible suggestions for future interventions. Be certain to touch upon how new opportunities can be leveraged and new threats can be overcome.

Case: Sean McKeon was 11 years old when the 2008 financial crisis shot anxiety through his life in Hudson, Ohio. He remembers his father coming home stressed after the Federal Deposit Insurance Corp. took over the bank where he worked. A teacher asked classmates if their parents cut back that Christmas. They all said yes. That unsettling time shaped the job plans he hatched in high school. "I needed to work really hard and find a career that's recession-proof," says Mr. McKeon, now 21. He set his sights on a Big Four accounting firm. He interned at EY in Cleveland and will become an auditor there after graduating from Miami University in Oxford, Ohio, next year. About 17 million members of Generation Z are now adults and starting to enter the U.S. workforce, and employers haven't seen a generation like this since the Great Depression. They came of age during recessions, financial crises, war, terror threats, school shootings and under the constant glare of technology and social media. The broad result is a scarred generation, cautious and hardened by economic and social turbulence. Gen Z totals about 67 million, including those born roughly beginning in 1997 up until a few years ago. Its members are more eager to get rich than the past three generations but are less interested in owning their own businesses, according to surveys. As teenagers many postponed risk-taking rites of passage such as sex, drinking and getting driver's licenses. Now they are eschewing student debt, having seen prior generations drive it to records, and trying to forge careers that can withstand economic crisis. Early signs suggest Gen Z workers are more competitive and pragmatic, but also more anxious and reserved, than millennials, the generation of 72 million born from 1981 to 1996, according to executives, managers, generational consultants and multidecade studies of young people. Gen Zers are also the most racially diverse generation in American history: Almost half are a race other than non-Hispanic white. With the generation of baby boomers retiring and unemployment at historic lows, Gen Z is filling immense gaps in the workforce. Employers are trying to adapt. LinkedIn Corp. and Intuit Inc. have eased requirements that certain hires hold bachelor's degrees to reach young adults who couldn't afford college. At recruiting events, EY is raffling off computer tablets because competition for top talent is intense. Companies are reworking training so it replicates YouTube-style videos that appeal to Gen Z workers reared on smartphones. Page 7 of 10 "They learn new information much more quickly than their predecessors," says Ray Blanchette, CEO of Ruby Tuesday Inc., which introduced phone videos to teach young workers to grill burgers and slow-cook ribs. Growing up immersed in mobile technology also means "it's not natural or comfortable for them necessarily to interact one-on-one," he says. Demographers see parallels with the Silent Generation, a parsimonious batch born between 1928 and 1945 that carried the economic scars of the Great Depression and World War II into adulthood while reaping the rewards of a booming postwar economy in the 1950s and 1960s. Gen Z is setting out in the workplace at one of the most opportune times in decades, with an unemployment rate of about 4%. "They're more like children of the 1930s, if children of the 1930s had learned to think, learn and communicate while attached to hand-held supercomputers," says Bruce Tulgan, a management consultant at RainmakerThinking in Whitneyville, Conn. At Ruby Tuesday, Mr. Blanchette can't find enough young adult workers to wait tables and wash dishes because Uber and Lyft siphoned them off with worker-driven scheduling. "It's a swipe one way on their phone and they're working, and a swipe the other way and they're not. It's tough to compete against that," he says. Those who do pick Ruby Tuesday want assurances they will get health insurance and other benefits. "They're not even going to access these benefits that we offer, because they're staying on their parents plan, but they want to know it's there," Mr. Blanchette says. "They're thinking, 'What if I graduate college and I don't find a job, and I need to stay here?'" Gen Z's attitudes about work reflect a craving for financial security. The share of college freshmen nationwide who prioritize becoming well off rose to around 82% when Gen Z began entering college a few years ago, according to the University of California, Los Angeles. That is the highest level since the school began surveying the subject in 1966. The lowest point was 36% in 1970. The oldest Gen Zers also are more interested in making work a central part of their lives and are more willing to work overtime than most millennials, according to the University of Michigan's annual survey. "They have a stronger work ethic," says Jean Twenge, a San Diego State University psychology professor whose book "iGen" analyzes the group. "They're really scared that they're not going to get the good job that everybody says they need to make it." Just 30% of 12th-graders wanted to be self-employed in 2016, according to the Michigan survey, which has measured teen attitudes and behaviors since the mid-1970s. That is a lower rate than baby boomers, Gen X, the group born between 1965 and 1980, and most millennials Page 8 of 10 when they were high-school seniors. Gen Z's name follows Gen X and Gen Y, an early moniker for the millennial generation. College Works Painting, which hires about 1,600 college students a year to run painting businesses across the country, is having difficulty hiring managers because few applicants have entrepreneurial skills, says Matt Stewart, the Irvine, Calif., company's co-founder. "Your risk is failure, and I do think people are more afraid of failure than they used to be," he says. Mr. Stewart noticed that Gen Z hires behaved differently than their predecessors. When the company launched a project to support managers, millennials excitedly teamed up and worked together. Gen Z workers wanted individual recognition and extra pay. The company introduced bonuses of up to $3,000 to encourage them to participate. Michael Solohubovskyy was 12 when his family left Ukraine in 2012 for Snohomish County, Wash. His father, a former taxi driver, instilled in him that hard work was key to success. Reading about billionaires Bill Gates and Jeff Bezos reinforced the message. After graduating from high school, Mr. Solohubovskyy, now 18, took a job at Boeing as an electrical technician. The company pays for his classes to earn an airframe and powerplant license. Once a month he also works at a Tommy Hilfiger store so he can get 50% off clothing. "I never want to fail," says Mr. Solohubovskyy. "When you read the stories about famous people, they have to sacrifice something to achieve. I'll sacrifice my sleep." After seeing their millennial predecessors drown in student debt, Gen Z is trying to avoid that fate. The share of freshmen who used loans to pay for college peaked in 2009 at 53% and has declined almost every year since, falling to 47% in 2016, according to the UCLA survey. Denise Villa, chief executive of the Center for Generational Kinetics in Austin, says focus groups show some Gen Z members are choosing less-expensive, lower-status colleges to lessen debt loads. Federal Reserve Bank of New York data show that nationwide, overall student loan balances have grown at an average annual rate of 6% in the past four years, down from a 16% annual growth rate in the previous decade. Lana Demelo, a 20-year-old in San Jose, Calif., saw her older sister take on debt when she became the first person in their family to attend college. "I just watched her go through all those pressures and I felt like me personally, I didn't want to go through them," says Ms. Demelo. She enrolled in Year Up, a work training program that places low-income high-school graduates in internships, got hired as a project coordinator at LinkedIn and attends De Anza College in Cupertino part-time. Page 9 of 10 Gen Z is literally sober. Data from the Michigan survey and federal statistics show they were less likely to have tried alcohol, gotten their driver's licenses, had sex or gone out regularly without their parents than teens of the previous two or three generations, Ms. Twenge, the San Diego State professor, found. They grew up trusting adults, and Gen Z employees want managers who will step in to help them handle uncomfortable situations like conflicts with co-workers and provide granular feedback, says Mr. Tulgan, the management consultant. When Mr. Tulgan's company surveyed thousands of Gen Z members about what mattered most to them at work, he heard repeatedly that they wanted a "safe environment." He is advising clients to create small work teams so managers have time to nurture them. "I was in no rush to get a driver's license," says Joshua Berja, a 21-year-old San Francisco resident who waited until he turned 18 to get one. He lives with his parents to save money, runs errands for his mother and picks his father up from work. Gen Z is reporting higher levels of anxiety and depression as teens and young adults than previous generations. About one in eight college freshmen felt depressed frequently in 2016, the highest level since UCLA began tracking it more than three decades ago. That is one reason EY three years ago launched a program originally called "are u ok?" -- now called "We Care" -- a companywide mental health program. Mr. Stewart, of College Works Painting, says he wasn't aware of any depressed employees 15 years ago but now deals frequently with workers battling mental-health issues. He says he has two workers with bipolar disorder the company wants to promote but can't "because they'll disappear for a week at a time on the down cycle." Smartphones may be partly to blame. Much of Gen Z's socializing takes place via text messages and social-media platforms -- a shift that has eroded natural interactions and allowed bullying to play out in front of wider audiences. In the small town of Conneaut Lake, Pa., Corrina Del Greco and her friends joined Snapchat and Instagram in middle school. Ms. Del Greco, 19, checked them every hour and fended off requests for prurient photos from boys. She shut down her social-media accounts after deciding they "had a little too much power over my self-esteem," she said. That has helped her focus on studying at Embry-Riddle Aeronautical University in Daytona Beach, Fla., to become a software engineer, a career she sees as recession-proof. When the last downturn hit, she remembers cutting back on gas and eating out because her parents' musiclesson business softened. Page 10 of 10 The flip side of being digital natives is that Gen Z is even more adept with technology than millennials. Natasha Stough, Americas campus recruiting director at EY in Chicago, was wowed by a young hire who created a bot to answer questions on the company's Facebook careers page. To lure more Gen Z workers, EY rolled out video technology that allows job candidates to record answers to interview questions. Getting employees comfortable with face-to-face interactions takes work, Ms. Stough says. "We do have to coach our interns, 'If you're sitting five seats away from the client and they're around the corner, go talk to them.'" Intense competition for Silicon Valley talent prompted Intuit to change its recruiting practices. The Mountain View, Calif., financial software maker began responding to all 4,500 young adults who apply for internships and first jobs annually. Not responding could hurt the company's brand because tech-savvy young adults have the power to influence peers, says Nick Mailey, Intuit's vice president of talent acquisition. Intuit moved job postings to Slack, a messaging platform, so workers who pay less attention to email don't overlook opportunities inside the company. "They will gain a skill and move onto the next thing," Mr. Mailey says. "You're seeing more attrition." LinkedIn, which used to recruit from about a dozen colleges, broadened its efforts to include hundreds of schools and computer coding boot camps to capture a diverse applicant pool. "We don't care where they went to school or frankly if they went to school," says Brendan Browne, the company's vice president of global talent acquisition. "We'll take talent and build them from scratch." Mr. McKeon, the Ohio student, sees a silver lining growing up during tumultuous times. He used money from his grandfather and jobs at McDonald's and a house painting company to build a stock portfolio now worth about $5,000. He took school more seriously knowing that "the world's gotten a lot more competitive." "With any hardship that people endure in life, they either get stronger or it paralyzes them," Mr. McKeon says. "These hardships have offered a great opportunity for us to get stronger."

In: Operations Management

The Statements of Financial Position for Kiwi Limited as at 30 June 2019 and 30 June...

The Statements of Financial Position for Kiwi Limited as at 30 June 2019 and 30 June 2020 are provided below:

Kiwi Limited

Statement of Financial Position as at 30 June

2019

2020

Assets

$

$

Cash at Bank

68,000

56,000

Accounts Receivable

121,000

139,000

Inventory

44,000

41,000

Land

241,000

241,000

Plant and Machinery

319,000

414,000

Less: Accumulated Depreciation

(10,000)

(89,000)

Total Assets

$783,000

$802,000

Liabilities

Accounts Payable

55,000

54,000

Tax Payable

16,000

23,000

Loan

536,000

362,000

Total Liabilities

$607,000

$439,000

Shareholders' Equity

Share Capital

150,000

240,000

Retained Earnings

26,000

123,000

Total Shareholders' Equity

$176,000

$363,000

Total Liabilities and Shareholders' Equity

$783,000

$802,000

Question One continued on the next page

QUESTION ONE (CONTINUED)

The Statement of Financial Performance for Kiwi Limited for the financial year ended 30 June 2020 is provided below:

Kiwi Limited

Statement of Financial Performance for the year ended 30 June 2020

$

Sales

614,000

Less:

   Cost of Sales

307,000

   Interest Expense

23,000

   Other Operating Expenses

91,000

   Tax Expense

46,000

Total Expenses

(467,000)

Profit

$147,000

Additional Information:

  1. New machinery was purchased for cash during the year.

  1. Cash dividend was declared and paid during the year.

  1. Other Operating Expenses include depreciation expense of $79,000.

  1. Additional shares were issued for cash during the year.

  1. All sales and purchases are on credit throughout the year ending 30 June 2020.

  1. Accounts Payable reflects inventory purchases on credit from suppliers.

REQUIRED:

  1. Prepare a fully classified Statement of Cash Flows for Kiwi Limited for the year ended 30 June 2020 using the direct method. Show all workings.

(b) Based on the Statement of Cash Flows for Kiwi Limited that you have prepared,

      provide two key insights about the cash flows for the company in relation to its ability

      to meet its long-term debt obligations. (word limit: 250 words)

In: Accounting

Luxury Ltd is a large company that manufactures and sells wooden garden furniture. It has been...

Luxury Ltd is a large company that manufactures and sells wooden garden furniture. It has been very active in acquisition in recent years and acquired three small companies in the last few years. Mr. Yung, the CEO, determines to let the three companies running as autonomous investment center, as Division A, B and C respectively, each responsible for different specific product groups. The most recent sales and operating data for the three divisions are given below (In million dollars):

Operating Income

Sales

Average Assets

Division

2018

2019

2018

2019

2018

2019

A

$9.20

$11.30

$45.50

$46.30

$44.40

$49.10

B

3.40

3.80

60.00

64.00

27.20

30.10

C

2.30

2.50

15.00

15.50

25.00

26.00

Managers are given as much freedom as possible to manage their divisions. Division managers have an annual bonus plan based on division Return on Investment (ROI). Senior executives of divisions reporting increases in ROI from the prior year are automatically eligible for a bonus.

Peter, manager of Division A, is considering a proposal to invest $2 million in asset to produce a new product that would generate a $0.29 million operating income. Mary, manager of Division C, is considering a proposal to invest $1 million in asset to produce a new product that would generates a $0.11 million operating income. The company has a 12% minimum required rate of return in all three divisions.

Required:

a. Calculate the margin, turnover, ROI for the three division for 2018 and 2019. Explain the trend over time and differences among the three divisions in their ROIs.

b. Who will accept the proposal? Show your supporting calculations for each division if they accept the investment opportunity based on the results in 2019.

c. Mr. Yung receives a suggestion to base senior executives’ compensation at each division on division Residual Income (RI). Calculate the RI of each division in 2019 (before proposal.) Which division’s manager might object to the change?

d. With a change in the bonus plan based on RI, who will accept the proposal? Show your supporting calculations for each division if they accept the investment opportunity.

e. Mr. Yung has heard of the concept of balanced scorecard. He is wondering why does the balanced scorecard include financial performance measures as well as measures of how well internal business processes are doing? Explain to him in detail.

In: Accounting

Big Bonus or Bigger Bonus: Comparing Future Values CONGRATULATIONS!!!  You have just been offered your dream job...

Big Bonus or Bigger Bonus: Comparing Future Values

CONGRATULATIONS!!!  You have just been offered your dream job after graduating   from Jacksonville University.  In response to your negotiations concerning your compensation package, the company has offered you a couple of different stock options in addition to the agreed upon salary.

Under the first option, you would receive stocks with a value of $2,000,000 at the end of each year.  This option also includes an additional $4,000,000 bonus that you would receive for staying at the company for 3 years.

Under the second option, you would receive stocks with a value of $1,000,000 at the end of each year.  This option also includes an additional $8,000,000 bonus that you would receive for staying at the company for 3 years.

Assume that these stocks grow at a rate of 11% compounded monthly.  Moreover, assume that you will leave the company at the end of your fourth year to start your own firm. Which option will you choose. (The more money you have to start your own firm, the better.)

Your formal solutions should include ...
⦁   The overall goal and/or purpose.
⦁   The given information
⦁   A time-line for each option
⦁   A future value for each individual stock payment provided you by the company
⦁   The total future value of each option at the time you plan to leave the company
⦁   Your conclusion

In: Finance

THINK ABOUT YOUR PERSONAL FEELINGS AND CONCERNS ABOUT TAKING CARE OF A PATIENT WITH HIV AND...

THINK ABOUT YOUR PERSONAL FEELINGS AND CONCERNS ABOUT TAKING CARE OF A PATIENT WITH HIV AND AIDS. IF POSSIBLE INTERVIEW A NURSE ( OR A PATIENT) WHO EXPERIENCED THE EARLY DAYS OF THE HIV EPIDEMIC. COMPARE YOUR OWN PERSONAL FEELINGS TO THOSE OF PEOPLE WHO EXPERIENCED THE EARLY DAYS OF HIV DISEASE.

In: Nursing

A researcher finds that, up to a point, the more anxiety one has, the better he...

A researcher finds that, up to a point, the more anxiety one has, the better he or she will perform in a job interview. However, at some point, if one has too much anxiety, his or her performance will suffer. What type of relationship does this represent

negative

curvilinear

positive

no correlation

In: Statistics and Probability

What is supply chain management? Describe the breadth and depth of the field? What are the...

What is supply chain management? Describe the breadth and depth of the field? What are the objectives in terms of good management of supply chains? What are the functional pieces of supply chain management in the broadest sense? What are the flows involved? What are the relationships involved? Think about being asked this question on an interview

In: Operations Management

Assume that you have a linked list of records. Assume that you have a head, a...

Assume that you have a linked list of records. Assume that you have a head, a current, and a tail pointer. Write an algorithm that DELETES the node BEFORE the current node. You can use pseudo-code, English or drawing to describe your solution.( this was, and remains to be, a popular technical interview question)

In: Computer Science

Question 2 The following are the financial statements for the year ended 30th June 2020. Sales...

Question 2

The following are the financial statements for the year ended 30th June 2020.

Sales (credit)

500,000

Cost of goods sold

(300,00)

Gross profit

200,000

Loss on sale of plant

5,000

Depreciation – buildings

4,000

Depreciation – plant and equipment

8,000

Bad and doubtful debts

2,600

Other administrative and selling expenses

140,000

(159,600)

Profit before tax

40,400

Tax expense

(10,000)

Profit after tax

30,400

Dividend – Ordinary share

(20,750)

Retained profits

9,650

Earth Ltd

Balance Sheet as at 30 June

2020

2019

Current assets

Cash at bank

55,500

34,500

Accounts receivable

228,000

131,000

Provision for doubtful debts

(8,000)

(6,000)

Inventory

55,000

83,000

Non-current assets

Land

80,000

45,000

Buildings

136,000

112,000

Acc. Depreciation - Buildings

(28,000)

(24,000)

Plant and equipment

114,000

100,000

Acc. Depreciation – Plant and equipment

(64,000)

(64,000)

568,500

411,500

Current liabilities

Accounts payables

112,600

118,000

Accrued expenses: Other administrative expenses

19,000

12,000

Dividend payable

5,250

6,500

Tax payable

3,000

1,000

Non-current liabilities

Debenture

120,000

100,000

Shareholders’ equity

Ordinary shares

225,000

120,000

Asset revaluation reserve

20,000

0

Retained earnings

63,650

54,000

568,500

411,500

Notes:

1.      A piece of existing land has been revalued upwards. Two pieces of land were acquired during the year. There was no disposal of land during the year.

2.      Plant and equipment costing $33,000 was sold.

3.      No buildings were sold during the year.

Required:

Prepare a cash flow statement for the year ended 30 June 2020 as per AASB107 (show all workings).

In: Accounting