Tom Hagen just graduated from OSU and has taken a job in Dallas, TX. During his first week with his new company, Tom attends a Human Resources seminar where he chooses a health care plan, life insurance, and a retirement savings plan. The discussion about retirement plans makes Tom think about how much he will need in retirement and how much he can save. Assume Tom will work and save for 40 years. If he put $300 per month into a savings account, paying 1% annual interest (compounded monthly), how much will he have when he retires in 40 years? Assume deposits occur at the end of each month. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.

Now, assume Tom invests $300 per month earning 8% annual interest (compounded monthly), how much will he have when he retires in 40 years? Assume deposits occur at the end of each month. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.

Now, assume Tom invests $300 per month earning 12% annual interest (compounded monthly), how much will he have when he retires in 40 years? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.

What if Tom decides to delay saving for retirement for 10 years so he can travel and buy his dream car? How much will Tom have when he retires if he waits 10 years before funding his retirement (assume he saves $300 per month for 30 years at 8% annual interest – compounded monthly)? Assume deposits occur at the end of each month. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.

Question 1
Which need in Maslow's hierarchy reflects a desire for love, friendship, affiliation, and group acceptance?
A.      Safety
B.      Self-actualization
C.      Belongingness
D.      Esteem
Question 2
If a person does not feel accepted or loved, they have not reached what level, according to Maslow ?
A.      Level 1
B.      Level 5
C.      Level 3
D.      Level 2
Question 3
What stage of Maslow’s pyramid do you think could be skipped to move to another level ?
A.      Psychological needs
B.      Safety needs
C.      Self-actualization
D.      Love and belonging
Question 4
Where does the need for food, water and oxygen fit into Maslow’s hierarchy of needs model ?
A.      Esteem needs
B.      Self-actualization
C.      Safety needs
D.      Physiological needs
Question 5
The need for safety and security is what level of Maslow’s hierarchy of needs model ?
A.      Esteem needs
B.      Belonging and love needs
C.      Safety needs
D.      Physiological needs
Question 6
According to Maslow’s hierarchy of human needs, the highest level is ?
A.      Self-actualization
B.      Physiological needs
C.      Safety and security
D.      Belongingness and affection and esteem and self-respect
Question 7
Smoke detectors, preventive medicines, insurance, retirement, investments, seat belts, burglar alarms and sunscreen are all examples of products to Safety consumers _____ needs ?
A.      Safety
B.      Self-actualization
C.      Physiological
D.      Esteem
Question 8
What is the first stage of Maslow’s pyramid?
A.      Safety needs
B.      Physiological
C.      Love and belonging
D.      Esteem
Question 9
In Maslow’s hierarchy of needs, what is the term used for the drive to become what one is capable of becoming?
A.      Perfection
B.      Self-actualization
C.      Hypo-glorification
D.      Self-esteem
Question 10
Maslow believed that basic needs should be met in order to move to a higher level.
A.      True
B.      False
C.      I don’t know
D.      Maybe

Instructions – PLEASE READ THEM CAREFULLY

• The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
• Students must mention question number clearly in their answer.
• Late submission will NOT be accepted.
• Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
• All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
• Submissions without this cover page will NOT be accepted.

Assignment Question(s):                                                     

Q1-

A company wants to implement good internal control. What are the policies and procedures you can suggest to minimize human frauds and errors? (1Mark)

Q2-

Assume that you have a company. And the management team estimates that 3% of sales will be uncollectible.

Give any amount of sales and prepare the journal entry using the percent of sales method. (1Mark)

Q3-

A company that uses a perpetual inventory system made the following cash purchases and sales. There was no beginning inventory.

A.Prepare general journal entries to record the March 16 sale using the

1. FIFO inventory valuation method.
2. LIFO inventory valuation method.
3. Weighted average valuation method.

B. What is the cost of goods sold and the gross margin for each method? (2Marks)

Q4. What is the bank reconciliation? why is it important for companies to prepare bank reconciliation periodically? (1Mark)

Baby H. was just born in a hospital that provides single-room maternity care (SRMC). SRMC allows the
infant to remain with the parents after birth. H.'s mother was in labor for 12 hours and gave birth vaginally.
Baby H. is the first baby born to these parents. The nurse will complete the physical assessment and
observe for physiologic changes in the infant's transition from intrauterine to extrauterine life.

1. Name the three phases that occur during this transition period and state an approximate
time frame for each.

2. What care is specific to the first period of reactivity?

3. The sleep phase and second reactive phase might occur in the SRMC or in the nursery. Identify
eight assessments or tasks that the nurse needs to do during the transitional care period.

4. You are preparing to give the injection of vitamin K (AquaMEPHYTON). The order is to
give 0.5 mg subcutaneously on arrival in the nursery. The medication comes in a solution of
1 mg/0.5 mL. Calculate how much medication you will draw up into the syringe.

5. Erythromycin ointment is instilled in both eyes to prevent which of these infections?
a. Chlamydia
b. Herpes simplex virus infection
c. Gonorrhea
d. Human papillomavirus (HPV) infection

6. Once the transitional care and documentation are completed, the infant might be transferred
to the normal newborn nursery if the hospital does not use SRMC. The newborn nursery
nurse is responsible for what ongoing care of the newborn infant?

7. The laboratory performs a Coombs test on Baby H. What is the purpose of the Coombs test?
a. It is done to identify the infant's blood type.
b. It tests for damage to the red blood cells (RBCs) from maternal antibodies.
c. It checks the RBCs for anemia.
d. It is a test for immunity to the hepatitis virus.

8. True or False: A phenylketonuria (PKU) blood test can be done any time before an infant is
discharged to home. If false, explain your rationale.

The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Falls, Minnesota, uses a job order costing system for its batch production processes. The St. Falls plant has two departments through which most jobs pass. Plantwide overhead, which includes the plant manager’s salary, accounting personnel, cafeteria, and human resources, is budgeted at $360,000. During the past year, actual plantwide overhead was $348,000. Each department’s overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data from the St. Falls plant for the past year are as follows. Department A Department B Budgeted department overhead (excludes plantwide overhead) $ 149,500 $ 591,600 Actual department overhead 170,000 611,600 Expected total activity: Direct labor hours 46,000 25,000 Machine-hours 13,000 51,000 Actual activity: Direct labor hours 48,000 23,700 Machine-hours 13,800 53,000 For the coming year, the accountants at St. Falls are in the process of helping the sales force create bids for several jobs. Projected data pertaining only to job no. 110 are as follows. Direct materials $ 20,800 Direct labor cost: Department A (3,000 hr) 45,000 Department B (1,100 hr) 10,400 Machine-hours projected: Department A 210 Department B 1,200 Units produced 13,000 c-1. The sales policy at St. Falls dictates that job bids be calculated by adding 25 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part a? c-2. The sales policy at St. Falls dictates that job bids be calculated by adding 25 percent to total manufacturing costs. What would be the bid for job no. 110 using the overhead rate from part b? c-3. Which of the overhead allocation methods would you recommend?

(a) Drawing conclusions from socio-economic data.

Task: The below table shows socio-economic data of two fictitious countries. From the perspective of a business considering the possibility of undertaking business in these countries, consider what the data could mean and present three conclusions. Each conclusion should compare both countries using at least two variables.                                                                                   (4 marks per conclusion)

Note: You can relate each conclusion to any type of international business (eg. you can present a conclusion from the perspective of a business choosing a new export market, a business seeking an import source, a business choosing a location for FDI, etc). Each conclusion should be at least about 150 words but not more than 200 words.   

While you were involved in the audit of your client White Cross (Pty) Ltd, the following policies, procedures and conditions exist:
1. There is strong segregation of duties in the inventory cycle between receiving inventory, its custody, the issue of inventory and the recording of all movement in the inventory records.
2. The board of directors and senior management meet every six months to identify the challenges facing the company and how successfully they are being addressed.
3. The company’s organizational structure is designed in such a way as to provide the board with a realistic chance of achieving its objectives on an ongoing basis.
4. The human resource department goes to great lengths to define the skills necessary for each job category and to recruit suitable personnel.
5. The financial director meets frequently with the financial accountant to ensure that information required to be disclosed by IFRS is properly accumulated, recorded and processed.
6. Access to the company’s network is controlled by the use of comprehensive logical controls, eg: user IDS’s, user profiles, passwords, and is granted on a need to know basis.
7. The recording in the general ledger of sales, purchases, etc, processed by the computer is achieved by passing journal entries. All journal entries are scrutinized and authorized by 2 senior financial accounting department employees.
8. All transactions keyed into the computer via terminals are subject to a wide range of input controls.
9. The internal audit department conducts frequent reviews of breakdowns in internal control and how these are corrected.
10. To enter White Cross (Pty) Ltd’s computer facility, warehouse and processing plant, an individual must place his thumb on a biometric scanner.
YOU ARE REQUIRED TO:
a) Briefly describe each of the components of internal control. (10)
b) Indicate to which component each of the policies, procedures or conditions listed in
points 1-10 relate. (10)
c) Explain the difference between an automated control and a manual control (1)
d) Suggest four ways in which computerization (IT) benefits a company’s internal control. (4)

Instructions: Using the International Classification of Diseases - Clinical Modification manual provided, convert commonly accepted diagnostic statements into the proper alpha/numeric or numeric code.

1. Code human immunodeficiency virus _______________
2. Code blackwater fever malaria _______________
3. Code melanoma of the arm _______________
4. Code benign neoplasm of the testes _______________
5. Code type II diabetes mellitus without complications _______________
6. Code rickets _______________
7. Code hereditary hemolytic anemia _______________
8. Code primary thrombocytopenia _______________
9. Code anxiety _______________
10. Code mild mental retardation _______________
11. Code epileptic seizure _______________
12. Code intraocular elevated tension _______________
13. Code malignant hypertension _______________
14. Code cerebral hemorrhage _______________
15. Code viral pneumonia _______________
16. Code chronic bronchitis _______________
17. Code ulcerative stomatitis _______________
18. Code peptic ulcer _______________
19. Code stage II chronic renal disease _______________
20. Code fibroadenosis of the breast _______________
21. Code excessive vomiting in early pregnancy causing dehydration _______________
22. Code postpartum condition of retained placenta with hemorrhage _______________
23. Code impetigo _______________
24. Code dermatitis due to cold weather _______________
25. Code Kaschin-Beck disease affecting multiple sites _______________
26. Code spondylosis of the lumbar spine _______________
27. Code complete bilateral cleft palate _______________
28. Code accessory toe on the right foot _______________
29. Code incompetent cervix (that caused fetal mortality) _______________
30. Code neonatal diabetes mellitus _______________
31. Code frequency of urination _______________
32. Code microcalcification found on mammogram _______________
33. Code fracture of two ribs _______________
34. Code left ankle sprain _______________
35. Code supervision of first normal pregnancy _______________
36. Code personal history of blood disease ________________
37. Code influenza vaccination ________________
38. Code positive HIV test result with no symptoms ________________
39. Code rattlesnake bite ________________
40. Code an accidental poisoning using tranquilizers

Identifying Influence Tactics Instructions: After reading the following passage, identify which influence tactics the leader is using, and explain your reasoning.

Gina is the director of human resources in a diversified company with approximately 50,000 workers. She has assembled her five direct reports in a hotel conference room for a Saturday morning meeting. With an intense facial expression, Gina launched directly into her presentation, supported by PowerPoint slides on a large screen.

“Enjoy your coffee, tea, juice, donuts, bagels, and pastries because I can offer you no other goodies this morning. As HR professionals, you know we are in trouble. As hard as we all work, and as much good as we do, our jobs are in peril. The trend is clear. Our corporation, similar to many others, might be outsourcing our work to HR vendors. The movement has already begun with payroll being outsourced last year and health insurance this year.

“Even worse, the corporate group is planning to purchase HR software that will enable line managers throughout the company to take care of their own HR responsibilities, such as recruiting and selection.

“I want to work with all of you to develop strategies and tactics so vital that the top-management team will decide to keep our group intact, and not join the outsourcing movement. We need also to discourage line managers from being performing HR on their own without our help. Think of HR activities so vital that we become indispensable. Maybe we should be coordinating a flu-shot program. Maybe we should beef up our wellness program so much that absenteeism and insurance costs are reduced to an extent that our contribution to the bottom line is obvious even to our chief financial officer.

“Now that I’ve told you the truth, let’s get started having a true dialogue about the challenges facing us.”