Questions
Supplemental Case Chapter 5: Gain Sharing at CircleWorks CircleWorks has been making custom bicycles for biking...

Supplemental Case Chapter 5: Gain Sharing at CircleWorks CircleWorks has been making custom bicycles for biking enthusiasts for nearly fifty years. The family-run company has had much success using small teams of employees to build bicycles to meet customer specifications. The custom built bikes have been in consistent demand and CircleWorks has maintained their position as a leader in the market. But, as a new generation of bike builders enters the workforce, Human Resources Director Sheila Gaines is concerned about employee motivation. She is considering offering incentives to encourage better teamwork, more employee involvement and improved productivity. Introducing incentive pay is a challenge at CircleWorks as it runs contrary to the organizational culture. The family who started the company believed strongly in hard work and traditional management practices and this view dominates the organizational culture. The company President has suggested to Sheila that employees should be motivated only by the satisfaction of getting the job done. Further, company management is somewhat resistant to employee involvement in decisions. While they have always had a suggestion box available, very rarely does management look to employees for input on operations. Advancing technology has allowed many changes in production techniques and management believes that the design engineers are in the best position to guide changes in the work processes. The bikes are built using teams of four to five workers who follow specific directions on building each bike. Because the bike designs are fairly intricate, each bike takes a designated amount of time to build and there is not much variability in the speed of production. However, Sheila has noted that some teams do work together better than others and wants to reward such cooperation. She has considered productivity bonuses awarded to the teams, but has also considered implementing a gain sharing plan. Sheila believes that some incentives directed at all employees as opposed to the individual teams may promote more cooperation overall within the company. Further, as new workers with varied talents enter their workforce, Sheila wants to provide some incentives for the employees to make improvements to the production process. As she prepares to meet with the company President, she must decide if a gain sharing plan is the best recommendation Read the case study and provide a recommendation to assist Human Resources Director Sheila Gaines in deciding whether a gain sharing plan is the best option for CircleWorks. Be sure to follow APA guidelines and write your paper in the proper format

In: Accounting

Jade MacIntire is a famous singer. Jade Aquarium, Inc. isa multimedia company with business interests in...

Jade MacIntire is a famous singer. Jade Aquarium, Inc. isa multimedia company with business interests in music, videos, and video games. Both Jade MacIntire and Jade Aquarium need help booking the licensing agreements they have entered into during the past year. They entered into the following licensing agreements: 1) In January, Jade Aquarium, Inc.purchased the intellectual property rights to the music created by Jade MacIntire to date of the contract, for $20,000. Under the terms of the contract has additionally acquired the right to purchase future compositions created and sung by the artist, for $500 per composition, within five-years from the date of the contract. The corporation can legally sell to another party the compositions it has purchased from the artist. 2) This year, Jade MacIntire has entered into an agreement with the producers of a Broadway musical, giving them the exclusive right to use a song that she wrote,for a $10,000 consideration. It is not a song Jade MacIntire willever personally perform. 3) Jade Aquarium, Inc. has also entered into a licensing agreement with a movie company allowing it to use two of the artist’s most popular compositions in future movies over the next two years. The movie company paid $2,000 for the option to use the songs and will pay an additional $1,500 each time the songs are used in a movie. It is expected that the use of the songs in the movies willbolster the artist’s popularity, increasing the demand for her albums. 4) Jade Aquarium, Inc. also collects royalties for songs written by Jade MacIntire and played on air. On average the company collects for 3500 song plays each month. Each play earns the company 9.1 cents in royalties. 5) Jade Aquarium produced a guitar music app that individuals can download for $2.99, with20,000 apps downloaded this year. The app is fully functional, but the company anticipates needing to provide software updates twice a year for the next five year; these costs are expected to equal $3,000 and are considered immaterial to the total app developmental cost of $60,000. 6) At the end of June, Jade MacIntire sold the rights to the use of her album cover images for t-shirts and mugs to Music Outfitters-R-Us for two years. Music Outfitters-R-Us paid Jade MacIntire $20,000 for the rights. Music Outfitters-R-Us has offered Jade a bonus of $10,000 if Jade MacIntire averages at least 50 shows per year over the next two years and $5,000 if Jade MacIntire averages at least 40 shows per year over the next two years. By the end of the year, Jade MacIntire had performed 50 shows. The probability of Jade MacIntire playing 20-29 shows next year is 15%, 30-39 shows next year is 25%, 40-49 shows next year is 30%, 50+ shows next year is 30%. Case Questions 1) Summarize the issues specifically related to accounting that are in this case. 2) Providing relevant support from the FASB Codification, discuss the proper accounting treatment for the revenue generating activities. More specifically, at what point(s) in time should revenue be recognized, and for what amount(s)? 3) Find, cite, and summarize the relevant international accounting standard applicable to this case. Compare and contrast relevant U.S. GAAP and IFRS standards.

In: Accounting

A certain custom engraving shop has traditionally had orders for between 1 and 50 units of whatever a customer orders.

A certain custom engraving shop has traditionally had orders for between 1 and 50 units of whatever a customer orders. Typically, a single worker would work all of the tasks needed for these traditional orders.

A large company has contacted this shop about engraving “ league-team-individual reward” plaques ( which are essentially identical to each other - but leagues have different logos, teams different names, etc.). It wants the shop to place a bid for this order. The expected volume is 12,000 units per year and will most likely last four years.

  1. To successfully bid ( low enough price) for such an order, what will the shop likely have to do?

  2. Describe a manufacturing process from the chapter that might be considered for the new process.

  3. Mention the advantages and disadvantages of the process you describe.

In: Operations Management

(PLEASE) The XYZ marketing firm found that a particular brand of portable stereo has the following...

(PLEASE)

The XYZ marketing firm found that a particular brand of portable stereo has the following demand curve: Q = 10,000 – 201P + 0.029 Pop. + 0.61 I + 0.22 A
Where Q is the quantity demanded per month, P is the price ($), Pop. is population (in units), I is income ($), and A is advertising expenditures ($).
a. Are the signs of the individual coefficients consistent with predictions from economics theory? Concisely explain. (4pts) b. Interpret the effect of each explanatory variable on Q. (4pts) c. Determine the demand function for the company in which P = 300, Pop. = 1,000,000, I = 30,000, A = 15,000. (4pts) d. Calculate the price necessary to sell 45,000 stereos. (1pts) e. If income decreases by $10,000, in which direction and by how much should advertising expenditures change to cancel out this change in income? (5pts)

In: Economics

Your patient is a 23-year-old female with a history of headaches. This morning she was experiencing...

Your patient is a 23-year-old female with a history of headaches. This morning she was experiencing a really bad headache as her boyfriend was driving her to the university. He thought she was sleeping and by the time they got to the school, 45 minutes later, she was not waking up. She was diagnosed with a cerebral aneurysm and you are taking care of her in the Neurological ICU.

  • What testing do you expect to be performed to diagnose brain death?
  • What is the procedure when a patient is determined to be brain dead?
  • Who should approach the family about organ donation?

The family is approached about organ donation. The patient indicated on her driver's license that she wanted to be an organ donor. Her mother refuses to consent for organ donation.

  • Do you think donation should happen anyway? Why or why not?
  • What will be the ethical consequences of your decision?

In: Nursing

Regulations in Long-Term Care There are many federal and state regulations when it comes to long-term...

Regulations in Long-Term Care

There are many federal and state regulations when it comes to long-term care.Using the South University Online Library and the Internet, research any four specific regulations related to long-term care and summarize them. Based on the regulations you identified, respond to the following questions:

  • What are the benefits and shortcomings of your identified regulations? Which of these shortcomings have an effect on the quality and the cost of health care services? How?
  • Do you believe there is a link between regulations and better care? Why or why not?
  • Why do you think long-term care services are subjected to so much external control by government agencies? Provide a rationale for your responses.
  • How is quality measured in long-term care? Is there only one, or are there several approaches to measure quality? What are they? Who should be given the responsibility to measure quality?

In: Nursing

Identifying Health Disparities Using the South University Online Library or the Internet, research and read about...


Identifying Health Disparities

Using the South University Online Library or the Internet, research and read about a specific health disparity of interest to you. This can be based on gender, age, race, ethnicity, sexual orientation, gender identity, etc.

Based on your research and data gathered, create a report in a 8 to 10 page paper that addresses the following:

What is the background of the disparity chosen?


Who does this disparity impact?


What are the determinants of this disparity?


What is the impact of this disparity?


Is there an intersection of multiple concerns related to race/ethnicity, gender, and sexuality related to this issue?


How and where would one seek to intervene to address this disparity in the context of the social ecological model?


How does this disparity affect the health of the population on a larger scale?


How does your race/ethnicity, gender, sexual orientation, or SES impact your ability to work within the community affected by this disparity?

In: Nursing

A wealthy billionaire recently retired since his travel business was adversely affected by the COVID-19 pandemic....

A wealthy billionaire recently retired since his travel business was adversely affected by the COVID-19 pandemic. He wants to start a mutual fund focusing on equities. He has hired two fund managers. One of them is his son who is a graduate of the University of Adelaide and believes in market efficiency. You are the second fund manager. You are skeptical about market efficiency having read a number of academic and practitioner articles on the topic. Since your boss is not a finance person, you need to convince him regarding the investment strategies that you will use in conjunction with your colleague

In the interest of equity, your boss is thinking of allocating equal amount of the funds undermanagement to you and your colleague. Is this the correct approach? Argue your case – equal or not using concepts learned in the course. What methodology should you use to come-up with the best allocation scheme?

In: Finance

1. Compare and contrast three different money market securities in terms of issuer, return, risk and...

1. Compare and contrast three different money market securities in terms of issuer, return,
risk and tradability /liquidity.


2. Explain the role of non-depository financial institutions within the financial sector?
Discuss the core functions of any three of these institutions.


3. In class we learnt about defined-benefit pension plans and a defined-contribution
pension plans. How will you explain these to your sibling who just got a job after his
University education? Which of them will you recommend to him and why?


4. Compare and contrast index fund and active fund. Provide relevant examples of these
and explain what their objective is.


5. Jimmy Enterprises Inc. has twenty years remaining on Ghc 1,000 par value
semiannual coupon bonds paying a coupon of Ghc40. If the yield to maturity on these
bonds is 6% per year, what is the current price?

In: Finance

A university financial aid office polled a random sample of 746 male undergraduate students and 828...

A university financial aid office polled a random sample of 746 male undergraduate students and 828 female undergraduate students. Each of the students was asked whether or not they were employed during the previous summer. 501 of the male students and 502 of the female students said that they had worked during the previous summer. Give a 95% confidence interval for the difference between the proportions of male and female students who were employed during the summer.

Step 1 of 3 : Find the point estimate that should be used in constructing the confidence interval. Round your answer to three decimal places.

Step 2 of 3: Construct the 90% confidence interval. Round your answers to three decimal places. Find the margin of error. Round your answer to six decimal places.

Step 3 of 3:Construct the 90%confidence interval. Round your answers to three decimal places.

In: Statistics and Probability