Case Study 1: Creating a Safety Culture at Border Transportation
Border Transportation, located in Las Cruces, New Mexico, is a company that specializes in the delivery of medical equipment and supplies to hospitals, clinics, and medical supply companies in the Southwest and in Mexico. The majority of employees at Border Transportation are sales representatives, warehouse staff, and truck drivers. Currently, most of these workers are over age 45.
As a result of ongoing expansion, the company will grow from 225 employees to more than 500 employees in the next three years. Several government contracts have already been signed, and more are anticipated. The company has recently hired you as the warehouse manager. Part of your job is to oversee all safety programs for the company. These duties had been handled primarily informally by the dock supervisor prior to your coming onboard.
On your first day, the CFO calls you in and gives you the following directives and information:
Questions
In: Operations Management
A researcher wants to determine the association between two continuous variables, X and Y. A sample of 100 individuals were taken from a population where the values of X and Y were measured from each individual.
a) The correlation coefficient of X and Y were calculated from this sample and the value is 0.2, what is the implication of this value?
b) What may go wrong if the researcher concludes on the association between variables X and Y based on only the correlation coefficient?
c) What should the researcher do to avoid the mistake that might occur in part(b)?
In: Statistics and Probability
The Board of Directors has ask you to advise them as to whether it would be better to compensate employees with an additional bonus or restricted stock units (RSUs). They have noted that the Corporate tax rate is expected to decline from 35% to 15% and the Individual tax rates is expected to decline from 40% TO 20%. next year. Advice the Board as to the different tax treatment from both an employer and employee perspective of Bonuses vs RSU’s. What advice would you give them? What additional information might be helpful in making the decision?
In: Accounting
One of the debates today is the idea of BIG Government. Many
commentators in the main stream media have suggested that we are
progressing towards socialism. In some perceptions, the more the
government attempts to provide for the people, the more the
government is perceived as "interfering". On the opposite spectrum
of socialism is the philosophy of social Darwinism. Social
Darwinism refers to the idea that individuals who are able to
survive should be free to do so, without the hindrances of the
weak, the poor or the handicapped (physically, emotionally, or
mentally). It means that the fittest survive, and allow for a
propagation of others who are fit. Social Darwinism is a
philosophical foil to socialism. Socialism argues that for a
society to be strong and healthy, it must care for its weak. Social
Darwinism argues that society benefits from the struggle for
survival and that the weak should be left to their own accord while
the strong survive.
Survival of the fittest is currently how businesses desire to
operate, with little to no government interference and a sole
reliance on competitive forces for success. Free markets and the
free hand of capitalism.
Please answer the following question:
"What are your thoughts about the well-being of our society? What direction would you like to see emphasized: social care or survival of the fittest? Is our culture emphasizing society at the detriment of the individual? Or do you feel that we are emphasizing individualism, to the detriment of society? What are your thoughts about businesses receiving bailouts while the moral hazard of disincentivizing individuals to work is emphasized?"
(Please answer this question in the context of social Darwinism
and capitalism. Also, mention concepts such work ethic, rights and
private property, social contracts, free economics, economic
advantage, historical exploitation, and ideological values.)
Please Write more than two paragraphs for this
In: Economics
Suppose there are two investors: Joe and Bob. Both have pension funds, into which they deposit money each month from their paychecks. Both are in their early 30s, and anticipate retiring at around age 65. Neither anticipates withdrawing any money from his pension fund prior to retirement.
Joe watches his pension fund closely, looking each week at whether has gone up or down in value. On a week to week basis, the US equity markets are down almost as often as they are up. Bob, on the other hand, only checks the value of his pension fund once every five years or so. On a five-?year basis, the US equity markets are down less than 10% of the time.
Joe’s pension fund money is all in bonds, while Bob’s is all in equities. Which single feature of Prospect Theory provides the best explanation for the two men’s different portfolio allocations? Provide your reasoning.
In: Finance
The following is the transactions for the month of August 2017. At a starting capital 0f $25,000
Aug 1- Bought goods from Nestle ltd by cheque for $12,500.
6 - Good sold to Tru Value supermarket by cheque for $900
9 - Massy stores paid us by cheque for goods valued at $7,500
10 - Bought goods paying by cheque $21,000 recieving a 5% trade discount
15 - Recieved a cheque from Tru Value for goods valued $6,500
21 - Paid for transportation inward by cheque $800
23 - Sold goods to Xtra foods supermarket on credit $10,710
27 - Massy stores paid us by cheque for goods bought and delivered $21,542
30 - Sold goods to Comron gum on credit $778.
31 - Xtra foods supermarket returned goods valued at $655.
requirement:
1. prepare a journal entry for the transations.
2. prepare T-accounts for each account.
In: Accounting
For this assignment, using MATLAB you are to read from an Excel file “theInputFile.xlsx” an undetermined number of rows and columns.
The first task of your program is to find out if the data in the file is in a square matrix. If it is not square the program will give us a statement telling us the data is not complete.
If it is square then the program proceeds and will find the average of the rows one row at a time using your average function that you will create. However, for a row average to be considered valid the row average must be greater than or equal to the average of the diagonal of the matrix.
(Going from the upper left-hand corner to the lower right-hand corner)
The output should look like the following... either a statement must be outputted stating the data is not complete or if it is complete it will look like the following.
Error using test (line 8)
Something is wrong
or
The average for row 1 is 23.5
The average for row 2 is 3.4
The average for row 3 is not Valid
The average for row 4 is 12.8
.
.
.
In: Computer Science
Lisa Bodell:
The first of these reasons is a flawed leadership mindset:
"The reason why I think mindset is what holds us back is we don't realize how much we resist change on a regular basis. In fact one of the things I talk about a lot with people is that I don't think that we're grooming leaders right now; I think that we are grooming professional skeptics."
second reason why companies resist change is assumptions, more specifically a pesky, assumption-making culture:
"We have a lot of assumptions around how things should work, have always worked, need to work, we've already tried things that way. And I think one of the problems is our assumptions hold us back from actually attacking problems."
Question: In the article above, Lisa Bodell addresses resisting change. What insights have you gained from her presentation?
In: Operations Management
Case Study
When taxes induce people to change their behavior—such as inducing Jane to buy less pizza—the taxes cause deadweight losses and make the allocation of resources less efficient. As we have already seen, much government revenue comes from the individual income tax in many countries. In a case study in Chapter 8, we discussed how this tax discourages people from working as hard as they otherwise might. Another inefficiency caused by this tax is that it discourages people from saving.
Consider a person 25 years’ old who is considering saving $1,000. If he puts this money in a savings account that earns 8 percent and leaves it there, he would have $21,720 when he retires at age 65. Yet if the government taxes one-fourth of his interest income each year, the effective interest rate is only 6 percent. After 40 years of earning 6 percent, the $1,000 grows to only $10,290, less than half of what it would have been without taxation. Thus, because interest income is taxed, saving is much less attractive.
Some economists advocate eliminating the current tax system’s disincentive toward saving by changing the basis of taxation. Rather than taxing the amount of income that people earn, the government could tax the amount that people spend.
Under this proposal, all income that is saved would not be taxed until the saving is later spent. This alternative system, called aconsumption tax, would not distort people’s saving decisions.
Various provisions of the current tax code already make the tax system a bit like a consumption tax. Taxpayers can put a limited amount of their saving into special accounts—such as Individual Retirement Accounts and 401(k) plans—that escape taxation until the money is withdrawn at retirement. For people who do most of their saving through these retirement accounts, their tax bill is, in effect, based on their consumption rather than their income.
European countries tend to rely more on consumption taxes than does the United States. Most of them raise a significant amount of government revenue through a value-added tax, or a VAT. A VAT is like the retail sales tax that many U.S. states use, but rather than collecting all of the tax at the retail level when the consumer buys the final good, the government collects the tax in stages as the good is being produced (that is, as value is added by firms along the chain of production). Various U.S. policymakers have proposed that the tax code move further in direction of taxing consumption rather than income. In 2005, economist Alan Greenspan, then Chairman of the Federal Reserve, offered this advice to a presidential commission on tax reform: “As you know, many economists believe that a consumption tax would be best from the perspective of promoting economic growth—particularly if one were designing a tax system from scratch—because a consumption tax is likely to encourage saving and capital formation. However, getting from the current tax system to a consumption tax raises a challenging set of transition issues.”
Q1: What should be taxed - Personal Income or Personal Consumption and why? Provide your opinion based on the case given below. (200 words) [2.5 Marks]
Q2: How may it affect Saudi Economy if an income tax is imposed in KSA? (200 words) [2.5 Marks]
In: Economics
Econ201
Please solve your personal solution and """do not copy"""
Case Study
When taxes induce people to change their behavior—such as inducing Jane to buy less pizza—the taxes cause deadweight losses and make the allocation of resources less efficient. As we have already seen, much government revenue comes from the individual income tax in many countries. In a case study in Chapter 8, we discussed how this tax discourages people from working as hard as they otherwise might. Another inefficiency caused by this tax is that it discourages people from saving.
Consider a person 25 years’ old who is considering saving $1,000. If he puts this money in a savings account that earns 8 percent and leaves it there, he would have $21,720 when he retires at age 65. Yet if the government taxes one-fourth of his interest income each year, the effective interest rate is only 6 percent. After 40 years of earning 6 percent, the $1,000 grows to only $10,290, less than half of what it would have been without taxation. Thus, because interest income is taxed, saving is much less attractive.
Some economists advocate eliminating the current tax system’s disincentive toward saving by changing the basis of taxation. Rather than taxing the amount of income that people earn, the government could tax the amount that people spend.
Under this proposal, all income that is saved would not be taxed until the saving is later spent. This alternative system, called a consumption tax, would not distort people’s saving decisions.
Various provisions of the current tax code already make the tax system a bit like a consumption tax. Taxpayers can put a limited amount of their saving into special accounts—such as Individual Retirement Accounts and 401(k) plans—that escape taxation until the money is withdrawn at retirement. For people who do most of their saving through these retirement accounts, their tax bill is, in effect, based on their consumption rather than their income.
European countries tend to rely more on consumption taxes than does the United States. Most of them raise a significant amount of government revenue through a value-added tax, or a VAT. A VAT is like the retail sales tax that many U.S. states use, but rather than collecting all of the tax at the retail level when the consumer buys the final good, the government collects the tax in stages as the good is being produced (that is, as value is added by firms along the chain of production). Various U.S. policymakers have proposed that the tax code move further in direction of taxing consumption rather than income. In 2005, economist Alan Greenspan, then Chairman of the Federal Reserve, offered this advice to a presidential commission on tax reform: “As you know, many economists believe that a consumption tax would be best from the perspective of promoting economic growth—particularly if one were designing a tax system from scratch—because a consumption tax is likely to encourage saving and capital formation. However, getting from the current tax system to a consumption tax raises a challenging set of transition issues.”
Q1: What should be taxed - Personal Income or Personal Consumption and why? Provide your opinion based on the case given below. (200 words) [2.5 Marks]
Q2: How may it affect Saudi Economy if an income tax is imposed in KSA? (200 words) [2.5 Marks]
In: Economics