Robert Greenleaf (the “father” of servant leadership) said, “The servant views any problem in the world as in here, inside oneself, not out there. And if a flaw in the world is to be remedied, to the servant the process of change starts in here, in the servant, not out there” (Spears, 1995, p. 56).
Do we, who desire to exhibit servant leadership, practice this? Should we? If so, how? If not, why not?
In: Operations Management
Businesses are often accused of engaging in predatory pricing. However, competition regulators often have difficulties separating predatory pricing from vigorous competition. The Areeda–Turner test for predatory pricing states that if a firm sets its price above its marginal cost then it is probably not predatory pricing, but if it sets its price below marginal cost then it is probably predatory. Remembering our analysis of profit-maximising firms from chapters 14 and 15, explain why pricing below marginal cost might be viewed as a deliberate attempt to drive out a competitor rather than vigorous competitive pricing. Can you think of any situations where a firm might set a price below marginal cost but not be predatory pricing?
In: Economics
research a recent
accounting scandal within the last five (5) years where the SEC
accused public companies of accounting irregularities.
Write a three to four (3-4) page paper in which you:
Analyze the audit report that the CPA firm issued. Ascertain the legal liability to third parties who relied on financial statements under both common and federal securities laws. Justify your response.
Speculate on which statement of generally acceptable auditing standards (GAAS) that the company violated in performing the audit.
Compare the responsibility of both management and the auditor for financial reporting, and give your opinion as to which party should have the greater burden. Defend your position.
Analyze the sanctions available under SOX, and recommend the key action(s) that the PCAOB should take in order to hold management or the audit firm accountable for the accounting irregularities. Provide a rationale for your response.
Use at least two (2) quality academic resources in this assignment.
In: Accounting
An owner of press is claiming that the standard deviation of the pressure is less than 10 pounds-per-square-inch (psi). Suppose you take a random sample of 15 measurements throughout the day of the psi and find the mean is 5 and standard deviation to be 14, using the α=0.05, test the claim by traditional approach.
In: Statistics and Probability
The University of
ManchesterManchester
Press is wholly owned by the university. It performs the bulk of its work for other university departments, which pay as though the press were an outside business enterprise. The press also publishes and maintains a stock of books for general sale. The press uses normal costing to cost each job. Itsjob-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead, allocated on the basis of direct manufacturing labor costs). The following data (in thousands) pertain to
20172017:
LOADING...
Direct materials and supplies purchased on credit
$840
Direct materials used
720
Indirect materials issued to various production departments
100
Direct manufacturing labor
1,310
Indirect manufacturing labor incurred by various production departments
980
Depreciation on building and manufacturing equipment
430
Miscellaneous manufacturing overhead* incurred by various production departments
(ordinarily would be detailed as repairs, photocopying, utilities, etc.)
530
Manufacturing overhead allocated at 160% of direct manufacturing labor costs
?
Cost of goods manufactured
4,130
Revenues
8,100
Cost of goods sold (before adjustment for under- or overallocated manufacturing overhead)
4,030
Inventories, December 31, 2016 (not 2017):
Materials Control
180
Work-in-Process Control
50
Finished Goods Control
580
LOADING...
.Requirement 1. Identify the components of the overview diagram of the job-costing system at the University of
ManchesterManchester
Press.
|
A |
} |
B down arrow↓ |
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||||||
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C |
} |
D down arrow↓ |
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||||||
|
E |
} |
F G |
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|
H |
} |
up arrow↑ I |
up arrow↑ J |
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Requirement 2. Prepare journal entries to summarize the
20172017
transactions. As your final entry, dispose of the year-end under- or overallocated manufacturing overhead as a write-off to Cost of Goods Sold. Number your entries. Explanations for each entry may be
omitted.(Record
debits first, then credits. Exclude explanations from any journal entries.)Direct materials and supplies purchased on credit,
$ 840$840.
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Journal Entry |
||||||
|
Accounts |
Debit |
Credit |
||||
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(In thousands) |
||||||
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(1) |
Materials Control |
840 |
||||
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Accounts Payable Control |
720 |
|||||
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|
100 |
|||||
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Accounts Payable Control |
1660 |
|||||
Choose from any list or enter any number in the input fields and then click Check Answer.
In: Accounting
Boy, the accountants have a whole bunch of ways to calculate depreciation for the books, and they suggest that as long as you are consistent in your treatment, and there is a valid reason to use the method that you do, it is OK.
Does it matter for Capital Budgeting which depreciation method you use? After all, it is non-cash any way, isn't it?
In: Finance
The weights of newborn baby boys born at a local hospital are believed to have a normal distribution with a mean weight of 3915 grams and a variance of 429,025. If a newborn baby boy born at the local hospital is randomly selected, find the probability that the weight will be less than 4570 grams. Round your answer to four decimal places.
In: Statistics and Probability
A) If four babies are born in a given hospital on the
same day, what is the probability that all four will be boys?
B) if four babies are born in a given hospital on the same day,
what is the probability that 3 will be girls and 1 will be a
boy?
C) You flip a coin twice what is the probability that it lands on
heads once and tails one?
In: Math
A boy stands on a diving board and tosses a stone into a swimming pool. The stone is thrown from a height of 2.50 m above the water surface with a velocity of 4.00 m/s at an angle of 60.0° above the horizontal. As the stone strikes the water surface, it immediately slows down to exactly half the speed it had when it struck the water and maintains that speed while in the water. After the stone enters the water, it moves in a straight line in the direction of the velocity it had when it struck the water. If the pool is 3.00 m deep, how much time elapses between when the stone is thrown and when it strikes the bottom of the pool?
In: Physics
A boy on a carnival bungee ride is released from rest at the bottom of the ride and oscillates up and down with an amplitude of 8 meters and a period of 4s. How long after he is released does he first get to a height 10m above the place where he started? [Hint: Choose the top of the poles as y=0, and measure positive downward.]
In: Physics