THE MBA DECISION Ben Bates graduated from college six years ago with a finance undergraduate degree. Since graduation, he has been employed in the finance department at East Coast Yachts. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program. Ben’s annual salary at East Coast Yachts is $61,000 per year, and his salary is expected to increase at 3 percent per year until retirement. He is currently 28 years old and expects to work for 40 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 25 percent. Ben has a savings account with enough money to cover the entire cost of his MBA program. The Ritter College of Business at Wilton University is one of the top MBA programs in the country. The MBA degree requires two years of full-time enrollment at the university. The annual tuition is $65,000, payable at the beginning of each school year. Books and other supplies are estimated to cost $2,800 per year. Ben expects that after graduation from Wilton, he will receive a job offer for about $107,000 per year, with an $20,000 signing bonus. The salary at this job will increase at 4 percent per year. Because of the higher salary, his average income tax rate will increase to 30 percent. The Bradley School of Business at Mount Perry College began its MBA program 16 years ago. The Bradley School is smaller and less well known than the Ritter College. Bradley offers an accelerated, one-year program, with a tuition cost of $78,000 to be paid upon matriculation. Books and other supplies for the program are expected to cost $4,000. Ben thinks that after graduation from Mount Perry, he will receive an offer of $90,000 per year, with a $17,000 signing bonus. The salary at this job will increase at 3.5 percent per year. His average income tax rate at this level of income will be 28 percent. Both schools offer a health insurance plan that will cost $3,500 per year, payable at the beginning of the year. Ben also estimates that room and board expenses will cost $2,500 more per year at both schools than his current expenses, payable at the beginning of each year. The appropriate discount rate is 6.2 percent. Assume all salaries are paid at the end of each year. Assuming all salaries are paid at the end of each year, what is the best option for Ben—from a strictly financial standpoint? He has three choices: remain at his current job, pursue a Wilton MBA, or pursue a Mt. Perry MBA. In order to determine the best option, you will need to calculate the after tax value of each option (perform analysis below).

Timeline for growing annuity for 40 years Salary Wilton MBA Mount Perry MBA

Timeline Timeline Timeline

Year Value Year Value Year Value

Davis Uniform Corporation operates a store that sells uniforms. The following are the transactions that occurred during the first quarter of operation- Jan. 1 to Mar. 31, 2019.

Jan.     1   Davis issues 20,000 shares of $1 par value common stock with an issuing price of $10

per share.

Jan.     2   Purchased furniture and fixtures from Acme Furniture for $14,400 cash.

Jan.     4   Purchased $1,600 of office supplies for cash.

Jan.   15   Paid $36,000 in advance for one year’s rent on the store building. The rent begins with

                Jan 15. The company counts January for half a month.

Jan.   31   Paid salaries to employees for the first month, $3,600.

Feb.    1    Purchased $62,400 of uniforms inventory on account from the Birdwell Uniforms

                 Manufacturing Company.

Feb.    1    Borrowed $66,000 from a local bank and signed two notes. The first note of                  

                $21,000 requires payment of principal in six months with annual interest rate at 4%.

                The second note of $45,000 requires the payment of principal in two years and annual

interest payment with annual interest rate at 5%.

Feb.    6    Sold uniforms on account to St. Jude’s School for $7,200. Cost of the uniforms sold

is $4,800.

Feb.    9   Paid Birdwell Uniforms Manufacturing Company $50,000 for the purchase on Feb. 1.

Feb. 20    Sold uniforms to a chemical factory for $79,200 cash. Cost of the uniforms sold is

                 $47,520.

Feb. 23    Purchased $10,000 of uniforms inventory on account from the Birdwell Uniforms

                 Manufacturing Company.

Feb. 28    Paid salaries to employees for the month of February, $4,200.

Mar.   1   Sold uniforms to the football team of Robert Lee High School, and accepted a $12,000,

three-month, note receivablewith annual interest rate at 5%. Cost of the uniforms

sold is $9,600.

Mar.   1   Subleased a portion of the building to a jewelry store. Received $3,000 in advance

for three months’ rent beginning on Mar. 1.

Mar.   3   Some uniforms were returned by the chemical factory which made a purchase on

                Feb. 20. The selling price and cost of the returned uniforms is $7,200 and 4,320,

respectively. Cash of $7,200 is refunded to the customer.

Mar. 23   Paid Birdwell Uniforms Manufacturing Company $14,400 for the purchases in Feb.

Mar. 25   Received $5,800 cash from St. Jude’s School.

Mar. 30   The corporation announced and paid its shareholders cash dividends of $2,500.

Requirements:

1. Analyze the transactions and record journal entries in General Journal.

2. Open accounts in General Ledger and post from the General Journal to the general ledger accounts.

3. Record adjusting entries in General Journal and post to the general ledger accounts.

Additional information:

1. At the end of March, $900 of supplies remained.

2. The furniture and fixtures have a useful life of six years and will be worthless at the end of their useful life.

3.    Salaries for the month of March are $4,600, and will be paid in April.

4.    The company’s management estimated that of the $1,400 remaining on account from St.

Jude’s School, $200 would be uncollectible.

5. Income tax rate applied to the company is 21%.

4. Prepare a worksheet as of Mar 31, 2019.

5. For Davis Uniform Corporation as of Mar 31, 2019, prepare the financial statements

including Income Statement (multiple-step with EPS section), Classified Balance Sheet,

andStatement of Stockholders’ Equity. Statement of Cash Flows is not required.

6. Prepare closing entries to close the temporary accounts and post to the general ledger accounts.

.

Read the passage carefully and answer the questions: Corporate Social Responsibility (CSR) in Saudi Arabia Corporate Social Responsibility (CSR) has recently assumed strategic significance in the industrial world for companies and government alike. In emerging countries that seek to build vital Economies, CSR has taken on an added value. Increasingly, there is the understanding that national development and CSR are characteristically intertwined. Indeed, it has become clear that nations will not be able to move forward without the purposeful engagement of corporations in societal affairs and their active contribution to capacity building. The underlying reasoning is that the competitive position and the national standing of a country and the well being of its citizens are inextricably linked to environmental, technological and competency challenges. These mounting challenges can only be managed through corporate initiatives in partnership with government. The United Nations Industrial Development Organization has reported that corporations in partnership with governments can make a vital contribution to developing innovative solutions to developmental challenges. Furthermore, in its study, “CSR and Developing Countries,” the UN’s Division for Sustainable Development has argued that governments across the globe have promoted CSR to enhance national competitiveness and to help deliver public-policy goals and priorities. The Arab countries are no exception. Governments in the Arab world have in recent decades espoused certain tenets of CSR. In particular, there has been increasing emphasis on environmental sustainability, water conservation and healthy living. The Arab Forum for Environment and Development (AFED) has underscored the major challenges that Arab countries face. In 2011 report, it concluded that, given mounting challenges, “transitioning to the Green Economy is not only an option for the Arab region; rather it is an obligation to secure a proper path to sustainable development.” The report identified Saudi Arabia as one of the pioneering countries on issues related to urban planning, organic agriculture and water conservation, among others. Saudi Arabia is one of the world’s rapidly rising economic powers. Endowed with natural resources and having strong military and political ties to the West, the kingdom has sought to be responsive to western nations’ economic priorities and prescriptions, while aiming at maintaining traditional political and social systems. Since the early 1970s, the government has espoused comprehensive economic plans aimed at achieving economic and technological progress for its citizens, while integrating its economy into the global market. Earlier plans had sought to increase the rate of growth in its gross domestic product (GDP), develop human resources, and diversify the economy. The most recent plans have focused on encouraging research, development and technological assimilation; promoting scientific activities; strengthening Saudi Arabia’s role in the global economy; enhancing private-sector participation in the development process; expanding basic services offered to citizens; protecting the environment, natural resources and wildlife; and developing and conserving water resources, among other things. These recent plans give priority not only to building capacity (e.g., enhancing the skills of citizens and enabling them to seize economic opportunities and engage in productive activities), but also to strengthening the competitive position of the kingdom, allowing it to gain the flexibility needed for dealing with a changing global economic environment. The kingdom is in a race against time to achieve social cohesion and sound economic development, while trying to tilt regional upheavals to its advantage. CSR is an instrument appropriate to these projects. There are, however, certain challenges that have to be confronted. Some are embedded in the entitlement mentality, which has hardened over the years; others are structural in nature. In its study, The Evolution of CSR in Saudi Arabia, Tamkeen Sustainability Advisors found that corporations in the kingdom have begun to appreciate the value of engaging in responsible business practices rather than just charity. These companies recognize three areas for contributions: employees, community and environment. Most important, the study found that “systematic government incentives and initiatives for social and environmental performance are generally missing. Due to the cultural heritage, there is a general perception, however, both in the business community and the public at large, that social responsibility and welfare is the primary role of government.” In addition to these challenges, there are structural obstacles to integrating CSR into the strategic planning of corporations in the kingdom. These stem primarily from the fact that the majority of Saudi corporations are small and medium-sized firms (SMFs), which neither generate high employment nor include development goals as part of their CSR. In the absence of powerful NGOs, SMFs are not expected to take initiatives to partner with government agencies or institutionalize CSR processes. This may make it difficult, if not impossible, for the government to channel private-sector energy and capacity into fruitful CSR. In a study commissioned by Saudi Arabian General Investment Authority (SAGIA) and the Harvard Kennedy School, it was observed that there are eight global trends in CSR: competitiveness; strategic, competence-led philanthropy; accountability and transparency; new types of public-private partnerships to tackle complex global and national problems; industry-led business coalitions; new models of leadership and cooperation from key emerging markets in Asia, Africa, Latin America and the Middle East; integrating CSR into business schools and university curricula; and the growing role of the media in promoting and articulating CSR. These trends are not only a challenge; they also constitute a blueprint for broader integration of CSR into business and societal affairs. Indeed, this broad perspective represents a departure from the earlier perception of CSR as narrow moral obligations, instituting broader thinking about CSR where strategic dimensions and the necessity to strengthen the corporate role in social affairs and capital formation are considered. Reference: Abbas J. Ali and Abdulrahman Al-Aali, “Corporate Social Responsibility in Saudi Arabia” Middle East Policy, Vol. XIX, No. 4, Winter 2012. Q. 1. Write down the significance of CSR in the Socio-Economic development of a nation. Q. 2. Discuss some challenges of CSR in K.S.A.

Instructions: Read the following case study and answer the questions at the end.

Devin is a sixteen year old male with moderate mental delays, living with his parents in an upscale neighbourhood. Since he turned 15, Devin has begun to grab at his genitals and emit loud grunting noises whenever he is in the vicinity of girls his own age. This has caused Mr. and Mrs. Quentin a tremendous amount of distress. Because Mrs. Quentin’s profession requires them to entertain clients both at their home and at other venues, this is becoming a very big problem. Here are the results of an interview with Mr. and Mrs. Quentin:

Who is present and what happens just prior to the behaviour?

Well, actually a variety of things typically happen. When there is a girl present who is between the ages of 14 and 20, when we are in a group of people at a party and when his father and I are engaged in conversation with clients.

Has it ever been the case when it hasn’t happened?

Hmmm, only once. The second to last party we were determined not to be embarrassed and so one of us stayed with him all night, engaging him in conversation and getting him food and drinks. Other than that, it always happens. There have been a few parties where no young girls are present and he’s done it to my client’s wives. It’s so embarrassing. That one time we thought it was over, but the last party was horrible. He came across the room toward a young girl and oh, it was horrible.

Has there ever been a time when it’s just been one of you there?

Only a couple of times…he still acted up. It didn’t seem to matter whether or not it was his father or myself.

Is he equally likely to emit the behaviour when the parties are at home versus away?

Yes.

Is there any variation to the party? Time of day? Dinners versus non-dinners, entertainment?

He’s less likely to do it at sit-down dinners, but time doesn’t seem to make a huge difference.

Let’s specifically define the behaviours involved.

He grunts (short, loud, low-pitched vocalizations that sound like short U sound (uh, uh) repeats this sound 6-10 times). He walks quickly (twice normal speed) toward female coming within 18 inches proximity. He places right hand over his genitals and contracts and releases his hand repeatedly. The grunting typically happens 1-2 seconds before he starts to walk and grab (those behaviours happen simultaneously). It can occur any number of times from once in an evening to 7-8 incidences per party.

What happens following the behaviour?

Many different things, depending on the occasion. The girl screams, backs away or cries for help; his father or I rush to him , scold him and lead him from the room. Others at the party rush in to hold him back, others gasp or scold him.

Anything he consistently gets following his behaviour?

Hmmm…a reaction from the female and a scolding from us, I guess.

Anything removed from his environment?

Just him!

Questions:

1. After implementation of treatment what would you do and why?

The H. J. Heinz Company, better known simply as Heinz, is an American food processing company based in Pittsburg, Pennsylvania. Originally, the company was founded by Henry John Heinz in 1869. Heinz manufactures thousands of food products in plants on six continents, and markets these products in more than 200 countries and territories. The company claims to have 150 number-one or number-two brands worldwide. Heinz ranked first in ketchup in the US with a market share in excess of 50%; the Ore-Ida label held 46% of the frozen potato sector in 2003. Since 1896, the company has used its “57 Varieties” slogan; it was inspired by a sign advertising 21 styles of shoes, and Henry Heinz chose the number 57 even though the company manufactured more than 60 products at the time. In February 2013, Heinz agreed to be purchased by Berkshire Hathaway and the Brazilian 3G Capital for $23 billion. On March 25, 2015, Kraft announced its merger with Heinz, arranged by Berkshire Hathaway and 3G Capital. The resulting Kraft Heinz company is the fifth largest food company in the world. Berkshire Hathaway became a majority owner of Heinz on June 18, 2015. Based on the information provided do the following: a) Indicate the growth strategy used by Heinz on March 25, 2015; and b) Think for a moment about the company’s core competences that represent its business domain to help the company to grow further. You can opt between two possible Diversification Strategies - Concentric Strategy and Horizontal Strategy. Explain Your answer.

(a) Shebbit’s is a leading specialty retailer and the world’s largest direct marketer of hunting, fishing, camping and related outdoor merchandise. Founded in 1961, Shebbit’s is one of the most well-known outdoor recreation brands in the world and it is recognized as the world’s foremost outfitter.

The Hong Kong office, established in 2005, includes a supply chain team that is responsible for social compliance audits. These audits are conducted to make sure that Shebbit’s vendor’s, factories and suppliers are in compliance with requirements in social responsibility.

Esther Yeung, manager of the supply chain team, knows that cost data is crucial in everyday decision making in the supply chain team. Some of her challenges involves answering questions from her management such as, “How we can increase the proportion of unannounced audits while keeping the budget unchanged, though unannounced audits cost more?’ And any other budgeting and costing related questions.

In order to answer these questions, Esther prepares a cost analysis every time she plans an audit trip. She has found that identifying factories located in the same region and combining them into a single audit trip increases output while keeping the budget constant. She has also been able to outsource some audits to qualified third parties.

a) Critically explain how a budget can help answer Esther’s question for her business.

(b) Explain the features of just-in-time manufacturing system.

(c) Explain the difference between the variable and absorption costing methods and analyze which method(s) are required for external reporting and internal reporting.

1.

The Dow Jones Industrial Average is characterized by the following except

Select one:

a. None of the above

b. it is an unweighted average of the sum of the daily closing prices of the stocks that composed the index.

c. it was created in 1896 and today is composed of 30 industrial companies.

d. it measures movement of the average of 500 stocks traded in the NYSE.

2.

In 1971, the first electronic stock market was founded called the

Select one:

a. NASD.

b. NYSE.

c. NASDAQ.

d. Amex.

3.

The earnings report and cash flows of firms are important in stock valuation because

Select one:

a. it can be forecasted with certainty to provide accurate valuation of stocks.

b. discounted expected cash flows are used in forecasting stock prices and any deviations affect the stock price.

c. it provides the information needed to forecast the future cash flows with certainty.

d. the earnings and cash flows are predictable and provide the information to provide valuation of the stocks.

4.

____ and ____ are government-sponsored enterprises that pool mortgages together and resell them as mortgage backed securities.

Select one:

a. Fannie Mae, Freddie Mac

b. Participation certificates, conforming loans

c. GNMA, FHA

d. VA, FHA

5.

The current exchange rate of the U.S dollar

Select one:

a. is pegged to gold at a rate of 1 ounce of gold to $42.

b. is fixed and controlled by the Federal Reserve Bank according to the government economic policy.

c. All of the above

d. is determined by the demand and supply of dollars in the world market.

---------

Please answer ALL correctly!

I will THUMB UP :)

Six people had submitted urine samples to the laboratory. The samples were given at the same time, and the amount of urine was equal in all samples. Your task is to help with the information

below about the different test subjects, analyze what each person's urine sample should show. Background information:

1. One person was completely healthy

2. A person suffered from untreated diabetes

3. One person worked in a factory with hot and dry air

4. One person produced too little antidiuretic hormone

5. A person suffered from a hereditary defect on the nephron's basement membrane (it is too sparse)

6. A person has urinary tract infection

Please read about the function of the kidneys and its parts and how the function is regulated. Describe how much urine the people in question would have, and how one might test its properties. It can be good to also search on the internet.

You must explain in detail and in a nuanced manner the meaning of concepts and models that relate to the kidney structure and function linked to the scenarios set in the question, also highlight specific methods for testing urine properties in all situations and explain why you can use these tests in conjunction with these scenarios. The report should also have a clear structure with a red thread, and that is easy to follow in the text. You use different types of sources and make well-founded and nuanced assessments of the credibility and relevance of the information and sources.

1. What are the main characteristics of positivism? How do these characteristics apply to sociology? How do they not apply? How did you find this information?
2. Name some aspects of society, as you know it, which are more appropriate to being studied from a positivistic approach than others. Why have you chosen these aspects? Name some aspects that would be difficult to study using a strictly positivistic approach.
3. What is the meaning of ideological bias? How does ideological bias influence sociological research? What are the ideologies that you might be subject to as a sociology student in Canada? How are your beliefs and values similar or different to those promoted by ideologies such as capitalism, socialism, and heterosexism? (hint)
4. What difference is there between the "big lie" techniques of propaganda used by Hitler in the Second World War, techniques founded on stereotypes and distortions, and the techniques used by governments to gain support for social policies such as welfare cutbacks and tax breaks for large corporations?
5. What do you think of the argument that sociological thinking should be value-free? Is it possible to accumulate empirical data without examining it in the light of a particular set of beliefs and values? What is the sociologist's responsibility in this? Is it enough for a sociologist to interpret social events and social practices or is there a need for more critical approach?
6. Suggest at least two different worldviews that might give boundaries to your understanding of an important local or global event, for example, the war in Iraq, the killing of Dudley George, the suicide of Kimberly Rogers, or another event which caught your attention. Create an image of the various beliefs, values, and experiences that this worldview would encompass.