Sexual Harrassment

The question posted by Chourok C on the Yahoo! Answers web page begins this way: I just started this job 2 weeks ago as the CEO’s personal assistant. He is married 3x and is a very charismatic man, the CEO of a self-built multi-million empire. After a few days, he suddenly asked me if he could take me out to diner in London, if I book my flights and hotel he will afterwards reimburse me. [1] It was then, she relates, that she knew he wanted to sleep with her. In her words, she’s “totally not interested, but wants to preserve the job by not rejecting him.” So she made an excuse to get out of it and her post continues: “He then bothered me for hours about giving him good reasons why I couldn’t go. Then he said OK, next week we will go to Milan! He is a very powerful man, and I just get nervous of him. But I really do not want to lose my job. What should I do?” [2]

Case Study 2 Questions

4.The poster called Srta. Argentina answers, “He can’t fire you because you rejected his sexual advances. You can sue him if he does. And you can file a sexual harassment claim against him.” [4]

-Sketch the harassment case against the CEO.

-If the CEO hired you to form an ethical defense of his behavior, what would the case look like?

6.Ethically, is there any difference between the boss threatening to fire her unless he gets what he wants and her threatening to turn him in unless she gets what she wants? If so, what is it? If not, why not?

An area hospital adopted a commercial Electronic Health Record and plans on adopting and integrating a Personal Health Record (PHR). The hospital CEO drafts the following vision statement “By using the latest technology, our hospital will improve how our patients experiences and engagement in their healthcare. Instead of patients coming to us for help, we will be there wherever and whenever they need us, asking, “How can we help you?” This initiative will make healthcare easier to access and more convenient to use, improve patients’ health, and reduce the rising cost of healthcare in our area.”

You are the Chief Health Informatics Officer and the CEO is seeking your input. The CEO asks you to prepare a response to this vision statement.

In your response include discussion about pros (at least 3) and cons (at least 3) of using a PHR. Consider the shifting demographics and discuss whether you think older adults (65+ years old) are receptive to using PHRs and social media and why (support your stance with scholarly evidence). Explain how social media data could be beneficial in the context of patient care or population health (in about 1 paragraph). Describe how patient-centered care is facilitated by using the PHR (at least1 paragraph). Lets shift gears and now think about the impact remote home monitoring could have on older adults. Describe one pro and one con of using remote home monitoring with this population.

PHR pros and cons - 3 points
Are older adults receptive to PHRs and social media - convincing argument - 5 points
Social media data in patient care or population health - 3 points
Patient-centered care - 5 points
Remote home monitoring - pros and cons - 2 points

The start-up ecosystem in Beirut is an early to middle stage ecosystems, that has passed its early growth phase but is still far from maturity. On average, each year, 12 more start-ups are created than in the previous year, resulting in a 24% growth rate in start-up creation since 2009. A new IT-based start-up will start operating in Beirut beginning July 2020. KM seems to be part of their main business objectives as they are incorporating it in their mission and vision statements. The co-founders believe that knowledge is the main resource a business can possess. Hence, they plan to invest largely in KM systems starting the second year. The value of investors in the startup ecosystem in Beirut extends beyond the money they provide. They also act as mentors supporting the needs of the entrepreneurs, trying to fill the gaps start-ups have whether in staff, research, and infrastructure. As the new startup is now in the process of building prototypes of drones that can predict the speed of hurricanes, their investors have suggested adopting a KM system that highlights discrepancies between the observed and predicted speed of hurricanes. More than that, they believe it might be useful to analyze the effectiveness of the developed drones by comparing it to sensory equipment used in hospitals. This has been suggested due to the shortage of experience in their domain. In fact, the founder suggested that building a sort of repository for cases they encounter could prove to be highly essential to build and sustain expertise. This repository can either be added to a system they might purchase in the future, or can be employed by the start-up as an informal approach for knowledge application.
1. Infer two KM systems the start-up plans to adopt starting in the second year of their operation. Explain the systems. (20 points)

2. Explain a methodology the start-up can apply to build and sustain their repository of cases.
(20 points)

3. Explain through the use of examples the impact of KM systems they plan to adopt on processes and people in the start-up. Explain two impacts for each (i.e. two impacts on processes and two impact on people). (30 points)

4. Suggest two mechanisms and two technologies that can facilitate the KM systems they plan to adopt. Justify your answers. (30 points)

Antioch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $671,000; Raw Materials Inventory, $67,000; Work in Process Inventory, $24,000; Finished Goods Inventory, $61,000; Common Stock, $601,000; and Retained Earnings, $222,000. Antioch experienced the following accounting events during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash transactions.

Paid $31,000 of research and development costs.

Paid $59,000 for raw materials that will be used to make eBook readers.

Placed $89,000 of the raw materials cost into the process of manufacturing eBook readers.

Paid $73,000 for salaries of selling and administrative employees.

Paid $101,000 for wages of production workers.

Paid $90,000 to purchase equipment used in selling and administrative offices.

Recognized depreciation on the office equipment. The equipment was acquired on January 1, 2018. It has a $10,000 salvage value and a eight-year life. The amount of depreciation is computed as [(Cost – salvage) ÷ useful life]. Specifically, ($90,000 – $10,000) ÷ 8 = $10,000.

Paid $154,000 to purchase manufacturing equipment.

Recognized depreciation on the manufacturing equipment. The equipment was acquired on January 1, 2018. It has a $26,000 salvage value and a eight-year life. The amount of depreciation is computed as [(Cost – salvage) ÷ useful life]. Specifically, ($154,000 – $26,000) ÷ 8 = $16,000.

Paid $49,000 for rent and utility costs on the manufacturing facility.

Paid $76,000 for inventory holding expenses for completed eBook readers (rental of warehouse space, salaries of warehouse personnel, and other general storage cost).

Completed and transferred eBook readers that had total cost of $245,000 from work in process inventory to finished goods.

Sold 830 eBook readers for $428,000.

It cost Antioch $132,800 to make the eBook readers sold in Event 13.

Prepare a schedule of cost of goods manufactured and sold for the year. (Amounts to be deducted should be indicated with a minus sign.)

Prepare a formal income statement for the year.

Prepare a balance sheet for the year.

Antioch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $660,000; Raw Materials Inventory, $67,000; Work in Process Inventory, $35,000; Finished Goods Inventory, $47,000; Common Stock, $590,000; and Retained Earnings, $219,000. Antioch experienced the following accounting events during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash transactions.

1. Paid $29,000 of research and development costs.

2. Paid $64,000 for raw materials that will be used to make eBook readers.

3. Placed $98,000 of the raw materials cost into the process of manufacturing eBook readers.

4. Paid $69,000 for salaries of selling and administrative employees.

5. Paid $102,000 for wages of production workers.

6. Paid $66,000 to purchase equipment used in selling and administrative offices.

7. Recognized depreciation on the office equipment. The equipment was acquired on January 1, 2018. It has a $16,000 salvage value and a five-year life. The amount of depreciation is computed as [(Cost – salvage) ÷ useful life]. Specifically, ($66,000 – $16,000) ÷ 5 = $10,000.

8. Paid $157,000 to purchase manufacturing equipment.

9. Recognized depreciation on the manufacturing equipment. The equipment was acquired on January 1, 2018. It has a $21,000 salvage value and a eight-year life. The amount of depreciation is computed as [(Cost – salvage) ÷ useful life]. Specifically, ($157,000 – $21,000) ÷ 8 = $17,000.

10. Paid $54,000 for rent and utility costs on the manufacturing facility.

11. Paid $77,000 for inventory holding expenses for completed eBook readers (rental of warehouse space, salaries of warehouse personnel, and other general storage cost).

12. Completed and transferred eBook readers that had total cost of $255,000 from work in process inventory to finished goods.

13. Sold 820 eBook readers for $421,000.

14. It cost Antioch $155,800 to make the eBook readers sold in Event 13.

c-1 Prepare a schedule of cost of goods manufactured and sold for the year. c-2. Prepare a formal income statement for the year. c-3. Prepare a balance sheet for the year.

Please complete all the sections

Problem 1-35 Recording events in a horizontal statements model

CHECK FIGURES

a. Net Income: $23,000

e. Net Cash Flow from
Operating Activities: $23,000

Maben Company was started on January 1, 2018, and experienced the following events during its first year of operation:

Acquired $30,000 cash from the issue of common stock.

Borrowed $40,000 cash from National Bank.

Page 45

Earned cash revenues of $48,000 for performing services.

Paid cash expenses of $25,000.

Paid a $1,000 cash dividend to the stockholders.

Acquired an additional $20,000 cash from the issue of common stock.

Paid $10,000 cash to reduce the principal balance of the bank note.

Paid $53,000 cash to purchase land.

Determined that the market value of the land is $75,000.

Required

Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). The first event is shown as an example.

PROBLEM 1-35

a.

b. Total Assets = $         + $            = $

c.

PROBLEM 1-35 (cont.)

d. Net income $                .

e.

f.       Percentage of assets is provided as follows:

          Investors            ($           ÷ $             )     . %

          Creditors            ($            ÷ $             )       . %

          Earnings             ($            ÷ $             )       . %

g.     

Suffi Bhd is a distributor of electrical appliances and operates in central area of Selangor. The company closes its account on every 31 December. The following information is related to the equity and debt investments of Suffi Bhd: Date Transactions 5 January 2018 Suffi Bhd purchased RM5,000,000 of 12% bonds for RM5,250,000. The bonds provide the bondholders with a yield of 11% market rate. The interest is paid at the end of the year. The company holds the bonds to collect contractual cash flows. 30 September 2018 Suffi Bhd acquired 20,000 shares of Gemilang Bhd at RM3.50 per share and the transaction cost incurred was RM8,500. Suffi Bhd intended to sell the shares of Gemilang Bhd in the middle of 2019 to take advantage of the changes in the share prices. 7 October 2018 Suffi Bhd acquired 30,000 shares of Harmoni Bhd at RM2.00 per share. The brokerage fee incurred was RM6,000. Kukuh Bhd intended to establish these shares as a long term investment. 15 June 2019 Suffi Bhd sold 50% shares of Gemilang Bhd at the selling price of RM4.00 per share. Additional information: 1. At the end of 2018, Suffi Bhd received a cash dividend of RM0.40 per unit of its investment in shares of Harmoni Bhd on 31 December 2018. 2. The market values of the equity investments on 31 December 2018 are as follows: Investment Market value per share Gemilang Bhd RM4.15 Harmoni Bhd RM2.50

REQUIRED:

(a) Prepare the related journal entries of the debt investment for the year 2018.

(b) Prepare journal entries to record the purchase, the fair value adjustment and the selling of investment in Gemilang Bhd.

(c) Prepare journal entries to record the purchase, the dividend received and the fair value adjustment of investment in Harmoni Bhd.

(d) Explain FOUR (4) reasons why companies can use the financial assets to sustain the business during the COVID-19 pandemic.

GBA 5205

Survey of Accounting Fifth Edition by Edmonds (ISBN 9781307078473)

Problem 2-32

Recording events in a horizontal statements model

The following events pertain to Super Cleaning Company:

1. Acquired $10,000 cash from the issue of common stock.

2. Provided $15,000 of services on account.

3. Provided services for $5,000 cash.

4. Received $2,800 cash in advance for services to be performed in the future.

5. Collected $12,200 cash from the account receivable created in Event 2.

6. Paid $1,900 for cash expenses.

7. Performed $1,400 of the services agreed to in Event 4.

8. Incurred $3,600 of expenses on account.

9. Paid $4,800 cash in advance for one-year contract to rent office space.

10. Paid $2,800 cash on the account payable created in Event 8.

11. Paid a $1,500 cash dividend to the stockholders.

12. Recognized rent expense for nine months’ use of office space acquired in Event 9

Required

Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the Cash Flows column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Use NA to indicate accounts not affected by the event. The first event is recorded as an example.

PROBLEM 2-32

*$          x    /12 = $

Antioch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $667,000; Raw Materials Inventory, $62,000; Work in Process Inventory, $36,000; Finished Goods Inventory, $61,000; Common Stock, $603,000; and Retained Earnings, $223,000. Antioch experienced the following accounting events during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash transactions.

Paid $26,000 of research and development costs.

Paid $61,000 for raw materials that will be used to make eBook readers.

Placed $83,000 of the raw materials cost into the process of manufacturing eBook readers.

Paid $63,000 for salaries of selling and administrative employees.

Paid $98,000 for wages of production workers.

Paid $139,000 to purchase equipment used in selling and administrative offices.

Recognized depreciation on the office equipment. The equipment was acquired on January 1, 2018. It has a $19,000 salvage value and a six-year life. The amount of depreciation is computed as [(Cost – salvage) ÷ useful life]. Specifically, ($139,000 – $19,000) ÷ 6 = $20,000.

Paid $118,000 to purchase manufacturing equipment.

Recognized depreciation on the manufacturing equipment. The equipment was acquired on January 1, 2018. It has a $28,000 salvage value and a nine-year life. The amount of depreciation is computed as [(Cost – salvage) ÷ useful life]. Specifically, ($118,000 – $28,000) ÷ 9 = $10,000.

Paid $58,000 for rent and utility costs on the manufacturing facility.

Paid $76,000 for inventory holding expenses for completed eBook readers (rental of warehouse space, salaries of warehouse personnel, and other general storage cost).

Completed and transferred eBook readers that had total cost of $244,000 from work in process inventory to finished goods.

Sold 1,000 eBook readers for $434,000.

It cost Antioch $170,000 to make the eBook readers sold in Event 13.

c-1. Prepare a schedule of cost of goods manufactured and sold for the year. (Amounts to be deducted should be indicated with a minus sign.)

c-2. Prepare a formal income statement for the year.

c-3. Prepare a balance sheet for the year.