Please write down your response after reading the paragraph. (At least 5 sentences long. 150-200 words)
While it may be obvious to some that saving more lives would be minimizing total harm, it becomes difficult when we begin to consider the value of each life at risk. We cannot necessarily say the value of the driver's life is less than the lives of the pedestrians simply because of quantity. If the driverless car kills the driver, then it will be doing good for those pedestrians, not the driver, and vice versa. However, the challenge to our morality comes into play when we determine what the car's primary goal should be, to save the driver, or to save those in the surroundings. Right now, we all buy cars that will be safest for us as drivers and passengers, and I am not sure why this would change with the implementation of driverless cars. If these cars were to be implemented in society not everyone would have one, for one reason or another. Let us say that the driverless car runs a red light and crashes into a vehicle driven by a mother with her child in the back seat. If these two cars were driven by people, the person who ran the red light would clearly be punished. But now we are faced with a situation where blame cannot be directly placed on anyone. The issue now becomes, how can we get justice for the people who are impacted by the accidents of these driverless cars? While it may seem to be such innovative technology that makes life easier, the more our technology advances, the more we must advance to keep up with it and the issues that come as well.
In: Psychology
Tesla, Inc. is an American automotive company that specializes in electric car manufacturing. The company and Elon Musk, it’s current CEO, has been an innovator in the United States automobile industry. Tesla has used technology as one of it’s driving factors. They provide online software updates and have open source technology, to an extent. Tesla’s production efficiency and sales have increased the last few years. During 2018 & 2019, they were able to achieve some quarters profitability.
Despite of these improvements, the company has had to deal with a number of challenges. Among them:
- Elon Musk is a dynamic leader; however, he is also
unpredictable. For example, in 2018 Musk reported that the company
may be going private. The statements were deemed to be misleading
for a publicly traded company. Musk and the company were fined a
total of $40 million dollars and Musk was not allowed to serve as
Director of the Tesla Board for at least three years.
- Although production has improved, it is still has not
met expectations. The company has had many issues which include,
assembly line issues, battery integration, and delivery logistics.
During this time, Musk has made statements regarding production
which has over promised to the market.
- Tesla had achieved quarterly profitability for some
quarters during 2018 and 2019. They had losses for years.
Obviously, this is a problem but not unusual for a manufacturing
company that takes a number of years to develop a market. The issue
is that with accumulating debt, the unpredictability of production
and costs have caused major concerns in the investor market
place.
Operating a company the size of Tesla is a major task. It takes many teams, with numbers of functions. Address the following questions as advice for the Tesla Board of Directors
1. The leader of the company, Elon Musk, has created
issues on his own for the company. What structure could be put in
place to minimize negative impacts?
2. Chapter 4 of the Group Dynamics for Teams text
addresses group cohesion and team roles. What concepts could be
utilized to improve the Board’s results?
3. Tesla was founded in 2003. What factors would you
consider to be critical when forming the initial board?
In: Operations Management
1.) The US is relatively capital abundant, and India is relatively labor abundant. Assume that the production of rice is more labor intensive than the production of cars. Suppose there are foreign direct investment (FDI) flows from the US to India,and the FDI is in the car industry. Answer the following questions.
a.Explain short-run and long-run effects of the FDI on India's pattern of production, imports and exports.
b.How will you answer in Part (a) change if the FDI from the US to India is in the rice industry? Explain your reasoning.
2.) Starting from the long-run equilibrium without trade in the monopolistic competition model with 10 firms in Home country. Consider what happens when Home begins trading with four other identical countries. Assume that all countries have the same population, and their consumers have identical preferences.
a.Compared with the no-trade equilibrium, how much does industry demand D increase? How much does the number of firms (or product varieties) increase? Explain your reasoning.
b.Does the new firm-level demand curve (d’) shift or pivot due to the opening of trade? Display a figure and explain your reasoning.Compare your answer with the case in which Home trades with only one other identical country.Which case has a more elastic new demand curve d’?
c.How will your answer in Part (a) change if one of the three countries is larger than the other two countries?
In: Economics
COMPREHENSIVE PROBLEM
OJB Company began business in January, 2016. The following transactions occurred in February, 2016:
Feb 1 Purchased supplies on account, $ 400.
2 Received cash from customers on account, $ 1,750.
3 Paid $ 400 on account.
5 Paid technician $ 750 in salary, including the amount owed at the end of January.
8 Billed customers for services provided on account, $ 3,200.
11 Paid cash for advertising on a local website, $ 300.
12 Received $ 3,875 cash for fees earned for jobs completed.
16 Paid electricity bill for the month, $ 290.
17 Received $ 8,200 cash for fees earned for jobs completed.
19 Paid technician $ 750 in salary.
20 Billed customers for services provided on account, $ 6,100.
22 Received cash from customers on account, $ 9,500.
25 Paid phone bill for the month, $ 120.
26 Received cash from customers as an advance payment for technical support services to be provided in the future, $ 2,500.
27 Billed customers for services provided on account, $ 3,900.
28 Received cash from customers on account, $ 5,100.
28 OJB withdrew $8,000 for personal use.
INSTRUCTIONS:
The chart of accounts and the post-closing trial balance as of January 31, 2016 are given. For each account in the post-closing trial balance, enter the balance in the appropriate Balance column of the ledger. Date the balances February 1, 2016, and place a check mark ( ü ) in the Posting Reference column. Journalize each of the February transactions in the journal provided using OJB Company’s chart of accounts. (Do not insert the account numbers in the journal at this time).
Post the journal to the ledger.
Prepare an unadjusted trial balance.
At the end of February, the following adjustment data were assembled. Use this data to complete instructions ( 5 ) and ( 6 ):
Supplies on hand were $ 600.
Rent expired during the month was $ 1,600.
Unearned fees at the end of the month were $ 2,000.
Insurance expired during the month was $ 300.
Accrued salaries payable were $ 240.
Depreciation on equipment during the month was $ 330.
Optional: Enter the unadjusted trial balance on an end-of-period spreadsheet/worksheet and complete the worksheet.
Journalize and post the adjusting entries.
Prepare an adjusted trial balance.
Prepare an Income Statement, Statement of Owner’s Equity, and Balance Sheet.
Record and post the closing entries. Indicate closed accounts in the ledger by inserting a line in both of the Balance columns opposite each closing entry.
10.Prepare a post-closing trial balance.
OJB COMPANY SERVICE CHART OF ACCOUNTS
PROVIDED FOR YOU IN BLACKBOARD THIS ACCOUNT IS
LISTED BUT IS NOT USED—PLEASE IGNORE**
OJB COMPANY
POST-CLOSING TRIAL BALANCE
JANUARY 31, 2016
DEBIT CREDIT
Accounts Receivable3,400
Prepaid Rent3,200
Prepaid Insurance1,500
Office Equipment14,500
Accumulated Depreciation330
Accounts Payable800
Salaries Payable120
Unearned Fees2,500
OJB, Capital 42,300
46,050 46,050
In: Accounting
OJB Company began business in January, 2016. The following transactions occurred in February, 2016:
Feb 1 Purchased supplies on account, $ 400.
2 Received cash from customers on account, $ 1,750.
3 Paid $ 400 on account.
5 Paid technician $ 750 in salary, including the amount owed at the end of January.
8 Billed customers for services provided on account, $ 3,200.
11 Paid cash for advertising on a local website, $ 300.
12 Received $ 3,875 cash for fees earned for jobs completed.
16 Paid electricity bill for the month, $ 290.
17 Received $ 8,200 cash for fees earned for jobs completed.
19 Paid technician $ 750 in salary.
20 Billed customers for services provided on account, $ 6,100.
22 Received cash from customers on account, $ 9,500.
25 Paid phone bill for the month, $ 120.
26 Received cash from customers as an advance payment for technical support services to be provided in the future, $ 2,500.
27 Billed customers for services provided on account, $ 3,900.
28 Received cash from customers on account, $ 5,100.
28 OJB withdrew $8,000 for personal use.
INSTRUCTIONS:
The chart of accounts and the post-closing trial balance as of January 31, 2016 are given. For each account in the post-closing trial balance, enter the balance in the appropriate Balance column of the ledger. Date the balances February 1, 2016, and place a check mark ( ü ) in the Posting Reference column. Journalize each of the March transactions in the journal provided using OJB Company’s chart of accounts. (Do not insert the account numbers in the journal at this time).
Post the journal to the ledger.
Prepare an unadjusted trial balance.
At the end of March, the following adjustment data were assembled. Use this data to complete instructions ( 5 ) and ( 6 ):
Supplies on hand were $ 600.
Rent expired during the month was $ 1,600.
Unearned fees at the end of the month were $ 2,000.
Insurance expired during the month was $ 300.
Accrued salaries payable were $ 240.
Depreciation on equipment during the month was $ 330.
Optional: Enter the unadjusted trial balance on an end-of-period spreadsheet/worksheet and complete the worksheet.
Journalize and post the adjusting entries.
Prepare an adjusted trial balance.
Prepare an Income Statement, Statement of Owner’s Equity, and Balance Sheet.
Record and post the closing entries. Income Summary is account #33 in the chart of accounts. Indicate closed accounts in the ledger by inserting a line in both of the Balance columns opposite each closing entry.
10.Prepare a post-closing trial balance.
OJB COMPANY SERVICE CHART OF ACCOUNTS
OJB COMPANY
POST-CLOSING TRIAL BALANCE
JANUARY 31, 2016
DEBIT CREDIT
Accounts Receivable3,400
Prepaid Rent3,200
Prepaid Insurance1,500
Office Equipment14,500
Accumulated Depreciation330
Accounts Payable800
Salaries Payable120
Unearned Fees2,500
OJB, Capital 42,300
46,050 46,050
In: Accounting
Please write down your response after reading the paragraphs. (at least 5 sentences long, 150-200 words)
By Murphy’s Law, anything that can go wrong will go wrong. Throughout history, there have been multiple technological disasters due to errors in overlooking safety precautions, errors in manufacturing, or when a piece of the machinery simply gives out. The most advanced model of some sort of technology could be highly praised for its innovation, yet at some point, something is bound to go wrong. In the TED Talk, by Sam Harris, Harris addresses the issues concerning AI and how they are something to be feared. I agree with the all too science fiction dilemmas AIs bring into society, and he brings up many interesting points. Artificial Intelligence encompasses such wonder and hope for a smarter future. Yet so ironically, it should be something people fear. There are too many people who praise the great unknown capacity artificial intelligence has. People have been growingly dependent on technology and do not realize how easily it can control us. AI most definitely has the possibility to “annihilate… without a qualm” the way Harris explains humans destroy ants once the ants get in their way (Harris). Many people, however, feel that we are still doing the research and our world is far from that. However, Harris also discusses how assessing the amount of time it would take us to actually create such advanced AI is futile for “when we continue to improve our machines, we will produce superintelligence” (Harris). More concerning, once we have this superintelligence, how can society be reassured that it is safe and that us as a human race will not be controlled by it. Furthermore, there are many issues we need to address in our society that cannot be fixed by an AI. I feel that by human nature, humans can become too obsessed with trying to reach such heights they believe AI represent, and instead, we need to look introspectively on how we can improve society independent of superintelligence.
In: Psychology
An auto company C Ltd. is facing a problem of declining market share due to increased competition from other new and existing players in the market. Its competitors are introducing lower-priced models for mass consumers who are price sensitive. For quality-conscious consumers, the company is introducing new models with added features and new technological advancements.
Guide Questions:
1. Prepare a model business plan for C Ltd. to meet the existing challenge. You need not be very specific about quantitative parameters. You may specify which type of plan you are preparing.
2. Identify the limitations of such plans.
3. How will you seek to remove these limitations?
In: Economics
BUSINESS FINANCE
Question 1
As companies grow in size, it is inevitable for the shareholders to hire management to run the operations of the business. The entire team of
management, starting from the CEO and other top-level management, all the way to the middle and bottom level management are expected to
perform towards the growth of the business. Since the shareholders of large companies are scattered across geographies, they appoint certain
members as representatives who are elected to represent them on the company board. The board of directors of a company, along with the
Chairman, are expected to keep the actions of the management in check.
Explain the above in context of agency theory and corporate governance. What can companies do to ensure adequate corporate governance?
In: Finance
BUSINESS FINANCE
Question 1
As companies grow in size, it is inevitable for the shareholders to hire management to run the operations of the business. The entire team of
management, starting from the CEO and other top-level management, all the way to the middle and bottom level management are expected to
perform towards the growth of the business. Since the shareholders of large companies are scattered across geographies, they appoint certain
members as representatives who are elected to represent them on the company board. The board of directors of a company, along with the
Chairman, are expected to keep the actions of the management in check.
Explain the above in context of agency theory and corporate governance. What can companies do to ensure adequate corporate governance?
In: Finance
Missouri was International Shoe Corporation's principal place of business, but the company employed between 11 and 13 salespersons in the state of Washington, who exhibited samples and solicited orders for shoes from prospective buyers in Washington. The state of Washington assessed the company for contributions to a state unemployment fund. The state served the assessment on one of International Shoe Corporation's sales representatives in Washington and sent a copy by registered mail to the company's Missouri headquarters. International Shoe's representative challenged the assessment on numerous grounds, arguing that the state had not properly served the corporation. Is the corporation's defense valid? Why or why not? [International Shoe Co. v. Washington, 326 U.S. 310 (1945).]
In: Accounting