Compare and contrast the different personality assessment methods. Which methods are more likely to create "powerful situations," and which methods are more likely to create "weak situations?" Which methods are most likely to be useful for selection purposes? If you insist upon using the interview to assess personality traits, what should you assess, and what precautions should you observe?

Principles and Practice of Sport Management

-

a) Explain how a sports communications professional should prepare an interviewee for an interview.

b) Develop guidelines for the preparation of a press conference.

c) Define a crisis.

-

d) Explain the contribution of Alvin "Pete" Rozelle to Sports Broadcasting.

e) Explain the contribution of Roone Arledge to Sports Broadcasting.

f) Identify and explain the career opportunities in Sports Broadcasting field.

Assume that you are preparing to interview a group of applicants for flight attendant positions since you work for an airline. Prepare a set of 5 behavioral questions (or situational questions) including the possible answer choices and your scoring scheme. Explain why you consider certain responses to be superior and how does the theory help you in preparing these questions (based on the chapter on interviewing).

Application:
Practice motivational interview (MI) with someone that you know is struggling with inadequate sleep. Write-up your experiences to include what your efforts entailed (use MI terminology), how your efforts went, and how the individual responded. Briefly discuss your thoughts regarding MI and its value or lack of value when working with individuals to change behavior.

The ColorfulFurniture Company manufactures modern wood frame lounge sofas.

Currently the company makes only one size of three-seat sofas, which is 35 inches deep

by 90 inches wide. The final product consists of a routed, sanded, assembled, and stained

wood sofa. Direct materials include oak wood frames and pre-made cushions. Other

materials, such as wood legs, screws, hinges, sand paper, stain, and packaging, are treated

as indirect materials. ColorfulFurniture is preparing budgets for the second

quarter

ending June 30, 2020

. For each requirement below prepare budgets by month for April,

May, and June, and a total budget for the quarter.

1. The previous year’s sales (2019) for the corresponding period were:

April 540 sofas

May 680 sofas

June 920 sofas

July 1220 sofas

August 750 sofas

The company expects the above volume of lounge sofa sales to increase by 10% for

the period April 2020 – August 2020. The budgeted selling price for 2020 is $850.00

per sofa. The company expects 15% of its sales to be cash (COD) sales. The

remaining 85% of sales will be made on credit.

Prepare a Sales Budget for

ColorfulFurniture.

2. The company desires to have finished goods inventory on hand at the end of each

month equal to 10 percent of the following month's budgeted unit sales. On March

31, 2020, the company expects to have 65 sofas on hand. (Note: an estimate of sales

in July is required in order to complete the production budget for June).

Use the

@ROUNDUP function to round up to the whole number the number of sofas

desired in ending inventory. Prepare a Production budget

.

3. The sofas require two direct materials: oak wood frames and pre-made cushions:

Sixteen (16) feet of 4x1 oak wood are required for each sofa produced. Management

desires to have materials on hand at the end of each month equal to 18 percent of the

following month's sofa production needs. The beginning inventory of wood, April

2020, is expected to be 2,340 feet of wood. Oak wood is expected to cost $8.00 per

foot. (Note: budgeted production in July is required in order to complete the direct

materials budget for June.

Use the @ROUNDUP function to round up to the whole

number the number of feet of oak wood to purchase).

Pre-made cushions (30*30 inches) are purchased by a set of 10 cushions. Six (6)

cushions are required for each sofa. Management desires to have cushions on hand at

the end of each month equal to 13 percent of the following month's production needs.

Use the @ROUNDUP function to round up to the whole number the number of

cushions desired in ending inventory.

The beginning inventory, April 2020, is

expected to be 630 cushions. The set of 10 cushions is expected to cost $200. (Note:

budgeted production in July is required in order to complete the direct materials

budget for June.

Use the @ROUNDUP function to round up to nearest 10 the

number of cushions to purchase).

Prepare a Direct Materials budget

. Also, because two direct materials are required

for production - oak wood and cushions - you will need a separate schedule for each

direct material.

4. Each sofa requires 10 hours of direct labor. ColorfulFurniture uses a series of table

saws, table routers and sanders set up for specialized operations to achieve production

efficiencies. Direct labor costs the company $20 per hour.

Prepare a Direct Labor

budget

.

5. ColorfulFurniture budgets indirect materials (e.g., wood legs, screws, hinges, sand

paper, stain, and packaging) at $35.50 per sofa. ColorfulFurniture treats indirect labor

and utilities as mixed costs. The variable components are $20.60 per sofa for indirect

labor and $7.50 per sofa for utilities. The following fixed costs per month are

budgeted for indirect labor, $55,000, utilities, $3,000, and other, $20,000.

Prepare a

Manufacturing Overhead budget.

6. Variable selling and administrative expenses are $50.50 per sofa sold. Fixed selling

and administrative expenses are $85,000 per month.

These costs are not itemized, i.e.,

the budget has only two line items – variable operating expenses and fixed operating

expenses.

Prepare an Operating Expenses budget.

7. Prepare a

Budgeted Manufacturing Cost per unit budget

. Refer to exhibit 9-11 for

guidance. To calculate FMOH/unit calculate total FMOH for the year and divide this

by budgeted production for the year. The total production volume for the year is

budgeted at 10,000 sofas.

8.

Prepare a Budgeted Income Statement for the quarter for ColorfulFurniture

.

Assume interest expense of $0, and income tax expense of 21% of income before

taxes.

Directions:

Refer to Chapter 9 (

The Master Budget

) for guidance in setting up your budgets and

schedules. Adapt your schedules for the specific details outlined in the requirements

above. Prepare your budgets using Excel.

Use formulas and cell references so that any

change you make in one budget is carried through to all the budgets

. There should be

no hard keyed numbers in your formulas. For example, if you change the ‘sales volume

increase’ from 10% to 12% you should see effects of that change throughout the other

budgets. Likewise, if the budgeted selling price per lounge sofa changes from $850 to

$855 your spreadsheet model should be able to quickly and easily accommodate this

change, i.e., change the input cell for budgeted selling price and see the effect on income.

The spreadsheet will be graded on presentation, correctness, and quality of your

spreadsheet model (i.e., does it update correctly for changes in input variables). See

the grading rubric on Canvas.

You should approach this assignment as if you are the

Management Accountant at the ColorfulFurniture Company and you are going to present

these budgets in a meeting to the CEO, CFO, and other management personnel.

Some general principles to follow in constructing your Excel spreadsheet model:

1. Prepare an input area in which you enter all input variables – e.g., selling price,

budgeted volume increase, feet per sofa, ending inventory percentage, etc. You

may use the “Assumptions” tab of the sample spreadsheet or a designated area

within your budget spreadsheet, as long as the input area is clearly labeled and

neatly organized

2. Each schedule should refer to the input area for each constant data value (see

sample spreadsheet file). To the extent possible, keep all constant values together

in one area of the worksheet. An important principle of good spreadsheet design is

to keep just one copy of each constant value. That is, enter a constant value in

only one location in the worksheet. Then if you use the value in another cell, use a

cell reference that refers to the constant value's unique location.

Example (hypothetical): You enter the constant value of 6% for sales tax

in cell E5. When you write a formula in your worksheet that requires sales

tax, reference E5 in the formula instead of "hard coding" in the 6% value.

Do: =subtotal*E5

Don't: =subtotal*6%

3. Use cell references for constant data values and to calculate formulas within your

spreadsheet. There should be no hard-keyed numbers in your formulas. For

example, the formula to determine current period sales in units should reference

an input cell with last year’s sales volume and a cell with the volume percentage

increase.

4. Label and format appropriately – e.g., use $ to format dollar amounts, format cells

for decimal places, etc...

1.

United Snack Company sells 50-pound bags of peanuts to university dormitories for $38 a bag. The fixed costs of this operation are $390,000, while the variable costs of peanuts are $0.24 per pound.

a. What is the break-even point in bags?
  

b. Calculate the profit or loss (EBIT) on 6,000 bags and on 19,000 bags.
  

c. What is the degree of operating leverage at 18,000 bags and at 23,000 bags? (Round your answers to 2 decimal places.)
  

d. If United Snack Company has an annual interest expense of $24,000, calculate the degree of financial leverage at both 18,000 and 23,000 bags. (Round your answers to 2 decimal places.)

e. What is the degree of combined leverage at both a sales level of 18,000 bags and 23,000 bags? (Round your answers to 2 decimal places.)
  

Risk-Based Reimbursement

For your assignment, a primary care physician is often reimbursed by Health Maintenance Organizations (HMOs) via capitation, fee-for-service, relative value scale, or salary. Capitation is considered as a risk based compensation.

In an effort to understand the intricacies involved with physician reimbursement, particularly in an era of health care reform, identify and interview an expert in the field, such as:

Hospital Administrator

Managed Care Organization (MCO) executive

Health care Consultant

Legal Professional

Assumption: MCOs use risk-based reimbursement for primary care physicians.

Ask the following questions in the interview:

What kind of risk do the MCOs assess?

Does risk-based compensation limit the freedom of primary care physicians in any way in terms of patient care? Why or why not?

How does the capitation model of reimbursement work? Do physicians generally prefer one model over the other? Why or why not?

Why do HMOs prefer the prepaid, monthly premium?

Is pay-for-performance a better model than existing models of compensation? Are there limitations to it as well?

Thomas forms a company, Thomson Ltd to manufacture motorised roller blades. To make the roller blades, Thomson Ltd needs to acquire specialised machinery from Fernster Ltd, which designs and manufactures the machinery. To manufacture the equipment, which has an estimated economic life of eight years, costs Fernster Ltd $200 000. Fernster Ltd sells the equipment to parties such as Thomson Ltd for $263 948. Thomson Ltd decides to lease the equipment from Fernster Ltd for a period of seven years, by way of a non-cancellable lease. The lease commences on 1 July 2019. The lease payments are made at the end of each year and amount to $55 000. The lease payments include reimbursement of Fernster Ltd’s costs for servicing the machinery at an amount of $5 000 per annum. There is an unguaranteed residual at the end of the lease term of $40 000, which represents expectations of what the lessee and lessor expect the machinery to be worth at the end of the lease term. The rate of interest implicit in the lease is 10 per cent.

REQUIRED:

1. Prove that the interest rate implicit in the lease is 10 per cent.

2. Provide the journal entries in the books of Thomson Ltd as at 1 July 2019 and 30 June 2020. Provide the journal entries in the books of Fernster Ltd as at 1 July 2019 and 30 June 2020.

Required:

A. Calculate the following ratios of DP World for the year 2018 &2019:

1. Current ratio
2. Quick ratio
3. Cash ratio
4. Debt-equity ratio
5. Asset turnover (Sales / Total Assets)

B. Evaluate liquidity, solvency and efficiency of the company.

if you can not do all part A and part B, just leave it for another tutoor