I just want some ideas on how to write this essay, for instance, explanation of the case and what are some possible solution. thanks

“What Should I do, my friend?”

A former classmate of yours, Liz Theranos, has landed an internship position in the accounting department at Brompton Travels, a small closely held company. She tells you at one of your regular get-togethers at the local coffee shop, that she is excited and anxious to make a good impression as an accounting intern with the company because she wants to be offered a fulltime job at this company when she completes her internship.

The company’s operations are all related to tourism, and it has, as its principal asset, a large ocean front hotel. The company is primarily owned by the two directors who are brothers. Both of the brothers are actively engaged in the day-to-day running of the business. Liz gets along well with the directors and the small accounting staff even though she is only employed as an intern. Liz also is aware that the company had faced some serious cash flow difficulties shortly before she was appointed as an accounting intern. However, since Liz Theranos started working with the head accountant a remortgaging arrangement has, apparently, eased the financial pressure.

Recently, one of the managing brothers comes to Liz with a company check for $5,040 made payable to a design company, which he has already signed. Since the head accountant is currently on vacation for the next two weeks, and the internal policy requires that checks over $2,500 be signed by the head accountant and a director, he asks for Liz’s counter-signature. He explains that it is the deposit for the design work and furnishings for some of the hotel bedrooms. There is a formal invoice from a design studio, but you are still surprised as the head accountant before leaving on vacation had not made you aware that any such outlays had been planned. Nevertheless, given the explanation by the director and the supporting invoice, you counter-sign the check.

Later that day, out of curiosity, Liz decides to do some research into the design studio. She finds that the design company that has had a high level of indebtedness in the past. Liz also sees that the company secretary appears to be the daughter of one of the directors for whom she works. Two days later, the same managing director comes to you with another check, this time for $26,500, again needing only your counter-signature. There is a supporting invoice from the same design studio. You are hesitant, and the managing director seeing your hesitancy, explains that he is only asking you to counter-sign the check because the head accountant is still on vacation. He says that it is important to submit the check promptly so that it may be banked before April 15th. You ask why there is such urgency, particularly as there is no evidence of any design work having started. The managing director laughs and replies that the money should be 4/18 back in the hotel’s bank account by June 1 st . He further adds that the checks are needed urgently to settle some outstanding directors’ loan accounts at the design studio. Once again he asks you to not worry because the money should be returned to the hotel company account soon. Liz, once again reluctantly countersigns the check

Liz Theranos, your friend, whom you recall as always having high principles and Integrity, calls you to meet for coffee because she needs to speak confidentially with a good friend about something at work that’s bothering her. You agree to meet Liz for coffee.

Over coffee Liz shares with you the situation described above. Both you and Liz, recall Prof. Woods’ ethics class that you took in college and continue discussing how one can act honestly with regard to the dilemma posed by the recent director’s request and accounting functions at Liz Theranos’ employer? You immediately suggest to Liz that she should immediately quit. Liz tells you that she has seriously thought about quitting. However, besides needing the income, she has decided to stay because she really wants to get a full-time position with the company. The hotel/travel industry is the industry she really wants to work in as an accountant and after a couple of year’s full-time employment with Brompton Travel she would be in an ideal position to move on by getting a job with one of the major hotel chains. After a long stare, you tell her you understand and will help her structure a response that deals with the dilemma

Required:

? Help your friend Liz Theranos, who is just an intern at the company, deal with this ethical issue.

? Within a professional, word typed, 11-12 fonts, single-line spaced document

? Explain the ethical issues and how she should respond and, possible ramifications of Liz responding to this issue.

? Your final paper must be between 500-700 words.

Develop 2 soft and 2 hard standards for any aspect of the service offered by hotel and restaurant? (Subject: service marketing)

Why does the hotel industry have so many partnerships among competitors? Is this true for other industries? Which ones?

As the new cybersecurity employee at a Florida-based luxury hotel chain franchise, would you insource cybersecurity functions or outsource?

. Draw a value chain for a hotel you know well or have researched. Explain the implication of your study for competitive advantage.

Q2-Full Cost Method:

1-1. Timbers Oil Company, LLC (Timbers) is interested in exploring an area near Midland, Texas. Timbers accounts for its costs using the full cost method. It engages an aerial surveying firm to take photos of the region at a cost of $35,000. This results in the following entry?                                                                       Description                                         Account Type                     Debit     Credit                                                                                   

1-2. Timbers then acquires a least to a 120-acre property, which calls for an up-front bonus payment       of $95 per acre. The related journal entry is?                                                                                           

Description                                         Account Type                     Debit     Credit                                                                                   

1-3. Timbers then hires a drilling company to drill an exploratory well at a cost of $550,000. The related journal entry is?                                                                          

Description                                         Account Type                     Debit     Credit                                                                                   

1-4. After the well has been evaluated, it is determined to be a dry hole. The related journal entry is?                                                                                    

Description                                         Account Type                     Debit     Credit                                                                                   

1-5. Following this setback, Timbers instructs the drilling company to drill another exploratory well for $830,000, which is immediately determined to be successful. The resulting journal entry is?                                              Description                                                Account Type                     Debit     Credit

1-6. As the well was deemed successful, the resulting entry of the unproven property is:                                                                               

Description                                         Account Type                     Debit     Credit

1-7. Pleased with the results, Timbers decides to fully develop the property. Timbers engages the drilling company to drill a development well at a cost of $975,000. The related journal entry is?

                                                                Description                                         Account Type                     Debit     Credit                                                                                   

1-8. After an evaluation period, the development well is designated a dry hole. The resulting entry is?                    Description                                         Account Type                     Debit     Credit                                                                                   

1-9. Timbers drills two more wells that prove to be successful. After drilling two successful wells, Timbers spends $500,000 on flow lines, separators, tubing and other production facilities, the resulting journal entry is?                                                                                 

Description                                         Account Type                     Debit     Credit

1-10. Production begin and Timbers incurs monthly production costs of $45,000. The resulting journal entry is?                                                                                

Description                                         Account Type                     Debit     Credit

Why are sympathetic ganglia near the spinal cord while parasympathetic ganglia are near the target organ? I'm trying to reason this out so I can memorize less. If there's no explanation, is there a mnemonic that you use?

CASE 9‐4 Self‐Constructed Assets

Jay Manufacturing, Inc., began operations five years ago producing the probo, a new type of instrument it hoped to sell to doctors, dentists, and hospitals. The demand forprobos far exceeded initial expectations, and the company was unable to produce enough probos to meet that demand. Jay was manufacturing probos on equipment it built at the start of its operations, but it needed more efficient equipment to meet demand. Company management decided to design and build the equipment because no equipment currently available on the market was suitable for producing probos.

In 2017, a section of the plant was devoted to development of the new equipment and a special staff of personnel was hired. Within six months, a machine was developed at a cost of $170,000 that increased production and reduced labor cost substantially. Sparked by the success of the new machine, the company built three more machines of the same type at a cost of $80,000 each.

Required:

1. In addition to satisfying a need that outsiders cannot meet within the desired time, what other reasons might cause a firm to construct fixed assets for its own use?
2. In general, what costs should be capitalized for a self‐constructed asset?
3. Discuss the appropriateness (give pros and cons) of including these charges in the capitalized cost of self‐constructed assets:
   1. The increase in overhead caused by the self‐construction of fixed assets
   2. A proportionate share of overhead on the same basis as that applied to goods manufactured for sale (consider whether the company is at full capacity)
4. Discuss the proper accounting treatment of the $90,000 ($170,000 – $80,000) by which the cost of the first machine exceeded the cost of the subsequent machines.