Please select the Case Studies presented below and provide a minimum 4-page paper (not including title and reference page) answering the eleven questions listed. This assignment must be in APA 6th ed. format. A minimum of two academic and/or professional references is required. If you are unfamiliar with how to properly format an APA paper (title page, introduction, conclusion, margins, etc.) please schedule an appointment with a Writing Coach prior to submitting your paper. The questions are as followed (100 pts):

1. What are the facts of the case?

2. Are all the elements required in a negligence suit present?

3. What standard of care is required?

4. Who would you consider to be the potential plaintiff and defendant?

5. How would you argue for the plaintiff?

6. What evidence would you present?

7. How would you defend the defendant?

8. What are your defense options?

9. If you were on the jury, what would your finding be, based on only the facts as presented?

10. If you find the defendant responsible, what damages would you award, and for what reasons?

11. What are your options if you, as plaintiff or defendant, are unhappy with the jury’s decision?

Case Study One:

A patient died after her third cerebral hemorrhage. When the patient was admitted to the hospital following a cerebral hemorrhage, her physician determined that she should be given a specific drug to reduce her blood pressure and make her condition operable, and he directed its administration. For an unexplained reason, the drug was not administered. The patient’s blood pressure rose, and after another hemorrhage the patient died.

Question – 3                                                                                                     30 Marks

Plastic Manufacturing Company:

Plastic Manufacturing Company manufactures Plastic Cartons. The Competition in the plastic industry is increasing. The production manager of the company is suggesting using standard costing system. He explains “Standard costing is a control technique where actual and standard costs and revenues are compared to obtain the variances and are used as an important tool to improve the performance”

The company has the following standard cost card to manufacture each plastic carton.

Direct material– 2.5 Kg. at OMR 5 per kg.                       12.5

Direct Labor – 3 hours at OMR 4 per hour                      12

Fixed Overheads - 3 hours at OMR 2 per hour                6

Total standard cost                                                            30.5

Selling price                                                                       45.5

Standard profit                                                                 16

Budgeted sales(units)                                                                  900

Actual cost and revenue are as follows:

Actual production for the period was 830 units

Direct material       2200 kg          costing     OMR 10500

Direct labour          2300 hours     costing   OMR 9500

Actual sales are 750 Units and sold @ OMR 55

1. Calculate:

1. Material Price Variance
2. Material Usage variance
3. Labor Rate Variance
4. Labor Efficiency Variance
5. Sales price variance
6. Sales volume Profit variance                                                              18 Marks

2. Explain possible reasons and interrelationship for labou , material and sales variances calculated in part (a) above.                                                                                              6 Marks

3. As suggested by Production manager standard costing(Variance analysis) is a tool for control. Evaluate the Advantages of Variance Analysis for the organization.     6 Marks

Note - The academic reference is required for part (C) of the above question

Task

Individual Presentation

To accomplish this CW you are required to take on a role of a consultant. The firm you are employed by has a number of both international and local clients requesting assistance and professional advice on various matters. One client request is listed below, with a description of the company background and difficulties encountered.

This is an individual assignment. The consultant has to work out solutions and suggestions to the client. All ideas, arguments and recommendations MUST BE justified and supported with references to academic sources or findings of primary research (if any). It is suggested (though NOT A MUST) that the consultant interviews one person, who they believe to be an expert in the sphere covered by the case. The results of the interviews might be shared with a client later on. On Referral/Deferral weeks all consultants will be presenting their findings in the form of a regular presentation.

Each Presentation will last for approximately 8-12 minutes and MUST be attended.

The following points summarise the information above and simplify the comprehension of the assignment:

Imagine that you are an employee of a consultancy firm.

Collect and analyse information, which will be necessary for your oral report.

Structure your speech and prepare technology (PPT slides or other) to support your speech if necessary.

Present your oral report at the meeting. You will be given the exact date and time of the meeting beforehand either BC or FoM module leader. Your speech should be no longer 8-12 min.

Participate actively in a follow up discussion with the assessors that will last 5 minutes. In this part, you can

ask clarifying questions

argue about any points

agree/disagree with any points

Anticipate possible questions from your lecturers regarding your work.

Assignment Questions:

Assume that you are preparing Galore Ltd’s yearly allowance for doubtful debts based on 2% of net credit sales, which will potentially result in 10% growth rate. The managing director, Ms Sharon Shady (Sharon), suggested you to increase the allowance for doubtful debts to 4% in order to achieve a 5% growth rate. Sharon said to you that: “we do not want our shareholders to expect our company to sustain a 10% growth every year rather, a 5% growth rate is more sustainable for our company.”

You are required to conduct research (i. e. reviewing relevant accounting standards and policies as well as academic and professional journals) and write a business report by addressing the below questions.

Please note:

The total marks of this assignment are 50 (i. e. 10 marks for Part A, 20 marks for Part B, 10 marks for organization and clarity, and 10 marks for grammar, mechanics, formatting and referencing), then your marks will be converted to 10% towards your overall assessment. Refer to the detailed marking rubric on page 3.

1

Part A

1). What are the relevant factors that should be considered when estimating yearly allowance for doubtful debts?
2). How does the allowance for doubtful debts potentially impact Galore Ltd’s financial reports?

Part B

1). a. Is it ethical to follow the managing director, Sharon, to estimate the allowance for doubtful debts based on a predetermined 5% growth rate?

b. Will you follow Sharon’s suggestion?
2). How does your decision about whether to follow Sharon’s suggestion influence various stakeholders? You are required to provide detailed explanations.

A crucial starting point to develop an effective disaster recovery plan is to develop an efficient Business Impact Analysis (BIA). The BIA evaluates the potential effect of interruptions to an organization’s critical business operations; therefore, it is an essential component of the process as it highlights system or functional vulnerabilities and conveys processes or strategies to minimize the impact of the incident. This week you will conduct a BIA for an organization. The organization can be a real company of your choice or a fictitious entity. The purpose is to have you engage and actively thinking about some of the components that are required to develop an effective BIA to guide disaster recovery planning efforts. Briefly, provide some background about your company. Who is the company, its stakeholders, and the services it offers? Identify one critical business operation or core process. What is the maximum allowable outage time for the operation or process? What technology, personnel, or other resources are required to support the process or operation? Identify at least three inputs and three outputs for the identified operation or process. Elaborate on each of the inputs and outputs dependencies. Are there any regulatory or legal ramifications due to the function or process outage? If so, what are they? If not, explain why. While the process or function is inoperable, what viable temporary solution do you propose to address the situation? What benefits will all that you have described have on the organization? What disadvantages will all that you describe have on the organization? While the activity is based on either a real or a fictitious company, your submission must still adhere to APA guidelines; include academic or reputable industry sources, in-text citations to support your claims, and a reference list.

A crucial starting point to develop an effective disaster recovery plan is to develop an efficient Business Impact Analysis (BIA). The BIA evaluates the potential effect of interruptions to an organization’s critical business operations; therefore, it is an essential component of the process as it highlights system or functional vulnerabilities and conveys processes or strategies to minimize the impact of the incident. This week you will conduct a BIA for an organization. The organization can be a real company of your choice or a fictitious entity. The purpose is to have you engage and actively thinking about some of the components that are required to develop an effective BIA to guide disaster recovery planning efforts. Briefly, provide some background about your company. Who is the company, its stakeholders, and the services it offers? Identify one critical business operation or core process. What is the maximum allowable outage time for the operation or process? What technology, personnel, or other resources are required to support the process or operation? Identify at least three inputs and three outputs for the identified operation or process. Elaborate on each of the inputs and outputs dependencies. Are there any regulatory or legal ramifications due to the function or process outage? If so, what are they? If not, explain why. While the process or function is inoperable, what viable temporary solution do you propose to address the situation? What benefits will all that you have described have on the organization? What disadvantages will all that you describe have on the organization? While the activity is based on either a real or a fictitious company, your submission must still adhere to APA guidelines; include academic or reputable industry sources, in-text citations to support your claims, and a reference list.

Not-for-Profit Applications
Determine the solutions to each of the following independent cases:

(a.) Collings College has annual fixed operating costs of $20,000,000 and variable operating costs of $2,400 per student. Tuition is $12,000 per student for the coming academic year, with a projected enrollment of 2,000 students. Expected revenues from endowments and federal and state grants total $400,000. Determine the amount the college must obtain from other sources.
$Answer

(b.) The Collings College Student Association is planning a fall concert. Expected costs (renting a hall, hiring a band, etc.) are $15,000. Assuming 2,000 people attend the concert, determine the break-even price per ticket. How much will the association lose if this price is charged and only 1,500 tickets are sold? (Do not use a negative sign with your answer.)
$Answer

(c.) City Hospital has a contract with the city to provide indigent health care on an outpatient basis for $125 per visit. The patient will pay $10 of this amount, with the city paying the balance ($115). Determine the amount the city will pay if the hospital has 5,000 patient visits.
$Answer

(d.) A civic organization is engaged in a fund-raising program. On Civic Sunday, it will sell newspapers at $2.50 each. The organization will pay $1.75 for each newspaper. Costs of the necessary permits, signs, and so forth are $750. Determine the amount the organization will raise if it sells 3,000 newspapers.
$Answer

(e.) Christmas for the Needy is a civic organization that provides Christmas presents to disadvantaged children. The annual costs of this activity are $10,000, plus $20 per present. Determine the number of presents the organization can provide with $30,000.
Answer in presents

Consequences of Poverty in the United States

The consequences of poverty are far reaching and multifaceted. Sociologists often try to understand the complex and interrelated ways that poverty adversely affects people’s lives along a number of dimensions. Reflect on what you have learned about the impact of poverty as you watch the following video.

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Video supplied by BBC Motion Gallery.

One problem addressed by the video is a lack of food, clothing, and medical care among the students at Whitney Elementary. With the help ofincreased government assistance   , the principal created programs to help poor and homeless students get the basic supplies they needed. In her view, many of these problems have been worsened by   .

Research shows that children enduring poverty, like those at Whitney Elementary, are more likely to:

Encounter stressful family environments and health problems that can hinder academic performance

Excel in school due to higher levels of motivation to escape poverty

If Charlie grows up to remain poor as an adult, her experience would be illustrative of intergenerational poverty. This problem draws the attention of sociologists because it can lead to an underclass of people who are:

Persistently poor and disadvantaged along many social dimensions

Poor for only a short time but require a great deal of government aid

Another consequence of poverty is a lack of political power among the poor. Studies show that they are much less likely to vote than the wealthy, in part because of political alienation that:

Makes them feel powerless and estranged from government

Allows them to trust the free market to solve their economic problems

Your task is to develop quantified Risk models of two Risks of interest to you. This is an academic
exercise and its purpose is to make you familiar with the process of quantified Risk modelling and
to show me you understand the theory and the practice.
a) Write up each Risk as a case study that explains the Risk in detail and describes the proposed
control measures.
b) Estimate/judge the values that could realistically be given to the various parameters relevant to
modelling Risk and explain your reasoning to me. Don’t spend inordinate amounts of time
trying to justify any of the values that have to be estimated/judged in order to complete the task
(eg. does a death cost $3M or is it $3.2M? Is the Exposure 20 times a year or 18?). However,
ensure that you do have justification for the values you use as I am not interested in you simply
using a number with no justification.
c) Use your spreadsheet to estimate the position of the Risk line, using any necessary “reality
checks”. In other words, justify or even make a clear statement of the inadequacies of what
you have done and the need for further investigation. Estimate the Risk value.
d) Propose a possible control measure change/improvement and estimate the associated
implications for productivity, recurrent costs and/or capital requirements. I am well aware
these may based on judgement unless you have a close knowledge of a particular case.
e) Provide me with an explanation of the anticipated effect of this proposed control measure on
each of the parameters that determine Risk and use this to justify a reduction in the Risk value
estimated before this improved control measure is applied.
f) Use this to estimate the effect of the improved control measure on one or both (as appropriate)
of recurrent costs and payback period.