Manage Your Health, Inc. (MYH) is a Fortune 500 company that provides a variety of healthcare services across the globe. MYH has more than 20,000 full-time employees and more than 5,000 part-time employees. MYH recently updated its strategic plan; key goals include reducing internal costs, increasing cross-selling of products, and exploiting new Web-based technologies to help employees, customers, and suppliers work together to improve the development and delivery of healthcare products and services. Below are some ideas the IT department has developed for supporting these strategic goals:

Recreation and Wellness Intranet Project: Provide an application on the current intranet to help employees improve their health. A recent study found that MYH, Inc. pays 20 percent more than the industry average for employee healthcare premiums, primarily due to the poor health of its employees. You believe that this application will help improve employee health within one year of its rollout so that you can negotiate lower health insurance premiums, providing net savings of at least $30/employee/year for full-time employees over the next four years. This application would include the following capabilities:

Allow employees to register for company-sponsored recreational programs, such as soccer, softball, bowling, jogging, and walking.

Allow employees to register for company-sponsored classes and programs to help them manage their weight, reduce stress, stop smoking, and manage other health-related issues.

Track data on employee involvement in these recreational and health-management programs.

Offer incentives for people to join the programs and do well in them (e.g., incentives for achieving weight goals, winning sports team competitions, etc.).

Health Coverage Costs Business Model: Develop an application to track employee healthcare expenses and company healthcare costs. Healthcare premiums continue to increase, and the company has changed insurance carriers several times in the past10 years. This application should allow business modeling of various scenarios as well as tracking and analyzing current and past employee healthcare expenses and company healthcare costs. This application must be secure and run on the current intranet so several managers and analysts can access it and download selected data for further analysis. The new application must also import data from the current systems that track employee expenses submitted to the company and the company’s costs to the insurance provider. You believe that having this data will help you revise policies concerning employee contributions to healthcare premiums and help you negotiate for lower premiums with insurance companies. You estimate that this application would save your company about $20/employee/year for full-time employees over the next four years and cost about $100,000 to develop.

Cross-Selling System: Develop an application to improve cross-selling to current customers. The current sales management system has separate sections for major product and service categories and different sales reps based on those products and services. You see great opportunities to increase sales to current customers by providing discounts when they purchase multiple products and services. You estimate that this system would increase profits by $1 million each year for the next three years and cost about $800,000 each year for development and maintenance.

Web-Enhanced Communications System: Develop a Web-based application to improve development and delivery of products and services. There are currently several incompatible systems related to the development and delivery of products and services to customers. This application would allow customers and suppliers to provide suggestions, enter orders, view the status and history of orders, and use electronic commerce capabilities to purchase and sell their products. You estimate that this system would save your company about $2 million each year for three years after implementation. You estimate that the system will take one year and $3 million to develop and require 20 percent of development costs each year to maintain.

Create a brief description of the project that you might implement in order to "improve employee health."

Propose at least two solutions for reducing health care costs.

What can might you do to initialize and plan for the project?

Identify the stakeholders in this project.

Propose methods for engaging stakeholders to increase project awareness and buy-in.

To increase project awareness, propose at least two methods of engaging stakeholders immediately.

For the comment below, someone did answer this on another question/answer posted. I am looking for a different view from the nursing standpoint as I believe this will be a medical/IT project. Answers to the bolded questions will be fine.

A large institutional investor is considering three Exchange Traded Funds:

Fund Expected Return Standard deviation Internet

ETF (Q) 11% 16%

Health Care ETF (H). 9% 12%

T-bill money-market ETF 4%

The two ETFs, Q and H are uncorrelated.

1. Find the proportions of each asset, and the expected return and standard deviation of the tangency portfolio.

2. What is the reward-to-variability (Sharpe) ratio of the best feasible capital allocation line?

3. Suppose this investor is highly risk averse with a risk aversion coefficient equals to 8. a. What is the composition of the optimal portfolio in terms of all available funds? b. What are the expected return and standard deviation of your optimal portfolio?

4. A less sophisticated investor would like to use only the Internet ETF and Health Care ETF, and require an expected return of 13%, what must be the investment proportions of her portfolio? Compare your result to the optimized portfolio in part 3.a. What do you conclude?

3. Problems and Applications Q3 Rosa and Alyssa are roommates. They spend most of their time studying (of course), but they leave some time for their favorite activities: making pizza and brewing root beer. Rosa takes 3 hours to brew a gallon of root beer and 2 hours to make a pizza. Alyssa takes 7 hours to brew a gallon of root beer and 5 hours to make a pizza. Rosa's opportunity cost of making a pizza is ? of root beer, and Alyssa's opportunity cost of making a pizza is ? of root beer. ? has an absolute advantage in making pizza, and ? has a comparative advantage in making pizza. If Rosa and Alyssa trade foods with each other, ? will trade away pizza in exchange for root beer. The price of pizza can be expressed in terms of gallons of root beer. The highest price at which pizza can be traded that would make both roommates better off is ? of root beer, and the lowest price that makes both roommates better off is ? of root beer per pizza.

The following cost functions apply to X Company's regular production and sales during the year:

  Cost of goods sold:   $6.05 (X) + $132,153

  Selling and administrative expenses:   $1.05 (X) + $76,167

where X is the number of units produced and sold. During the year, X Company sold 65,100 units for $19.00 each. At the end of the year, a company offered to buy 4,980 units but was only willing to pay $12.00 each. X Company had the capacity to produce the additional 4,980 units.

1. If X Company had accepted the special order, firm profits would have increased by?

2. Consider the following three changes. Direct material costs on the special order would have increased by $0.76 per unit, direct labor costs on the special order would have decreased by $0.49 per unit, and X Company would have had to rent special equipment for $1,500. Independent of your answer to (1), the effect of these changes would have been to reduce profit on the special order by?

3. In order to retain all of X Company's regular customers, it would have had to reduce the regular selling price by $0.59. If the selling price were reduced and next year's unit sales turned out to be the same as this year's sales, firm profits would have fallen by?

Preparation of bank reconciliation

The April 30, 2016, bank statement for Comet Company showed a cash balance of $7,582. The cash account in the company's general ledger (G/L), according to the company's records on April 30, had a balance of $4,643. The following additional data were revealed during the reconciliation process:

1.A deposit of $652 that had been made by the company on March 31 was processed by the bank in April, and a deposit of $1,531 made on April 30 had not yet been processed by the bank.

2.The bank statement listed a deposit for $360 that was mistakenly put in Comet Company's bank account; it should have gone to Comment Company's account.

3.Comet Company determined that there were three cheques that had not yet been processed by the bank: #466 for $1,250, #467 for $520, and #470 for $1,350.

4.The bank had collected a note receivable for $1,000 from one of Comet Company's customers. An additional $15 in interest had been added to its account.

5.The bank service charge for the month was $25.

Question:

a.  

Prepare a bank reconciliation for Comet Company as at April 30, 2016.

b.  

What cash balance should Comet Company report on its statement of financial position as at April 30, 2016?

c.  

Prepare the journal entries that are required to bring Comet Company's cash account to its correct balance.

1. A company contemplating the introduction of a new product wants to estimate the percentage of the market that this new product might capture. In a survey, random samples of 100 customers were asked whether or not they would purchase this new product. Fourteen responded affirmatively. The 90% confidence interval for the population proportion of potential customers that would purchase the new product is (0.08, 0.20).

a) Does the sample proportion lie in the interval (0.08, 0.20)? Yes/No?

b) Based on the scenario from the above question. Does the population proportion lie in the interval (0.08, 0.20)? Yes/No?

c) If we use a 95% confidence level instead of a 90% confidence level, will the confidence interval calculation from the same data produce an interval narrower than (0.08, 0.20)? Yes/No?

Lars Linken opened Lars Cleaners on March 1, 2017. During March, the following transactions were completed.

The chart of accounts for Lars Cleaners contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Prepaid Rent, Equipment, Accumulated Depreciation—Equipment, Accounts Payable, Salaries and Wages Payable, Notes Payable, Interest Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and Wages Expense, Rent Expense, and Interest Expense.

Instructions

(a) Journalize the March transactions.

(b) Post to the ledger accounts. (Use T-accounts.)

(c) Prepare a trial balance at March 31.

(d) Journalize the following adjustments.

1. Services performed but unbilled and uncollected at March 31 was $200.

2. Depreciation on equipment for the month was $250.

3. One-sixth of the insurance expired.

4. An inventory count shows $280 of cleaning supplies on hand at March 31.

5. Accrued but unpaid employee salaries were $1,080.

6. One month of the prepaid rent has expired.

7. One month of interest expense related to the note payable has accrued and will be paid April 1.

(e)  Post adjusting entries to the T-accounts.

How do I prepare a post-closing trial balance only? Part F ONLY.

ACC 111
Accounting Cycle Review

Jannero Pargo opened Pargo's Cleaning Service on July 1, 2017. During July the following transactions were completed.
July 1 Pargo invested $20,000 cash in the business.
1 Purchased used truck for $9,000, paying $4,000 cash and the balance on account.
3 Purchased cleaning supplies for $2,100 on account.
5 Paid $1,800 cash on one-year insurance policy effective July 1.
12 Billed customers $4,500 for cleaning services.
18 Paid $1,500 cash on amount owed on truck and $1,400 on amount owed on cleaning supplies.
20 Paid $2,500 cash for employee salaries.
21 Collected $3,400 cash from customers billed on July 12.
25 Billed customers $6,000 for cleaning services.
31 Paid gasoline for month on truck $350.
31 Withdraw $5,600 cash for personal use.

The chart of accounts for Pargo's Cleaning Service contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 128 Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Depreciation—Equipment, No. 201 Accounts Payable, No. 212 Salaries and Wages Payable, No. 301 Owner's Capital, No. 306 Owner's Drawings, No. 350 Income Summary, No. 400 Service Revenue, No. 633 Gasoline Expense, No. 634 Supplies Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 726 Salaries and Wages Expense.
Instructions
(a) Journalize and post the July transactions. Use page J1 for the journal and the three-column form of account.
(b) Prepare a trial balance at July 31.
Check figure: Trial balance $34,700
(c) Journalize and post the following adjusting entries.

1. Services provided but unbilled and uncollected at July 31 were $2,700.
2. Depreciation on equipment for the month was $500.
3. One-twelfth of the insurance expired.
4. An inventory count shows $600 of cleaning supplies on hand at July 31.
5. Accrued but unpaid employee salaries were $1,000.

Check figure - Adjusted trial balance $38,900
(d) Prepare the income statement and owner's equity statement for July and a classified balance sheet at July 31.
Check figures: Net income $7,200;
Total assets $26,800

(e) Journalize and post closing entries and complete the closing process. Use page J3 for the journal.
(f) Prepare a post-closing trial balance at July 31.
Check figure: Post-closing trial balance $27,300

The following scenarios are based on actual returns and situations that have occurred in this years VITA program. The responses provided here would be similar to those you would provide to actual taxpayers in the event a similar situation would occur.

Scenario

Inez Sanchez, age 49, ITIN # 933-12-1987 is married but has been separated from her husband since March 3, 2017. She is a housekeeper for Acme Hotels Inc. She has four daughters, all born and raised in the U.S. who lived with her the entire year who she fully supports. No one had any health insurance for the entire year

Name Date of Birth Social Security Number Earnings

Polet Sanchez 09/09/2006 454-11-2222 $0

Jessica Sanchez 07/07/2004 453-11-2222 $0

Stephanie Sanchez 05/05/2002 452-11-2222 $0

Juanita Sanchez 03/03/1995 451-11-2222 $8000

For legal reasons, she tells you that she wants to file a paper return. She also wants her refund mailed to her.

Inez’s Refund for 2019 was $4,600.

After completing Inez’s return, she mentions to you that many of her friend’s and co-workers who make about the same amount of money and have the same number of children got almost double of what she is getting?

Obviously, one of the major reasons is that she has an ITIN number and not a social security number which does not make her eligible for EIC. Another reason is because she has a child who is over 24 and makes more than $4250. Lastly she has a child who turned 17 in 2019 and is no longer eligible for the child tax credit

As usual the taxpayer is upset and believes that the return was not completed correctly. As the tax preparer or quality reviewer, your job is to explain to the taxpayer why your work is correct and why this changed occur

In the preparation process, all UIW-VITA procedures were followed and the results of your return are 100% accurate.

Instructions

For the purposes of this scenario, you must explain to Inez why her refund is the way it is. As the tax preparer or quality reviewer, your job is to explain to the taxpayer why your work is correct and why this return resulted in the refund that it did. Remember, you are dealing with a taxpayer who is unhappy with your work. For this assignment, you are not required to re-explain to me the results of the return again. Rather, I am looking for a procedure you would use to assure the taxpayer the result of your work are accurate. Remember, all of the policies and procedures that were used in the preparation process. Be creative.

P. S- This is a class related to tax in USA.

QUESTION 1

Read the two cases of Barbican Bank and Intermarket of Zimbabwe and answer the questions below:

Barbican Bank (BB)

Barbican Bank was formed in the late 1990s at the height of a rush into the financial services sector by domestic investors. It was born out of an asset management company. The founder
was a flamboyant businessman who was a public figure in the financial services sector. At formation the bank declared its focus would be the elite market. Its products were therefore
targeted specifically at the top market. The bank also declared an intention to operate a very small branch network, no more than five branches. Barbican started experiencing liquidity
problems in early 2003 and was placed under the curator in March 2003. Before being placed under the curator Barbican had been reporting fabulous profits most of them having come
from non interest transactions. According to the Central Bank, Barbican ‘‘was experiencing serious liquidity problems as a result of imprudent banking behaviours. There was no clear separation between various related entities within the group which led to cross funding of operations and excessive risk taking among other shortcomings.’’ The Central Bank also noted
that the bank was involved in ‘‘questionable cross-border foreign exchange activities.’’ The bank had shifted funds to South Africa from local operations with the object of establishing a
new company in South Africa. During its operation the bank introduced the derivatives (junk bonds) market, which had been non-existent in the country’s financial sector. When liquidity
problems besieged Barbican the Central Bank placed the banking division under the curator and the asset management company under liquidation. At the time of taking these measures
the Central Bank had injected money into the bank as liquidity support but the bank appeared to be on a serious slide. The bank has since failed to repay on time the loan from the Central
bank’s Troubled Bank Fund. On seeing his financial companies in difficulties, the Chief Executive (the founder) skipped the country. Despite problems in the home operations, the
founding chief executive was trying to set up another financial services company in South Africa. During his tenure the Chief Executive is said to have been so dominant the board
appeared clueless and powerless to restrain him. The bank has now been placed into liquidation by the Central Bank. It will be amalgamated into a merger of liquidated banks to form a new bank.

Intermarket (IM)

The founder established Intermarket Holdings during the late 1990s through acquisitions. At the time of inset of financial distress, the founder owned 72 percent of Intermarket Holdings
through an investment company called Transnational Holdings. Transnational Holdings comprised companies in banking and insurance among others. Its influence in the financial
services sector was in every sphere. Intermarket Banking Corporation one of the subsidiaries of the holding company started showing signs of liquidity problems in early 2004. This was
during the period of a cash crisis in the country. Much as all banking institutions were affected by the cash crisis, Intermarket appeared completely outstretched by the crisis. In March 2004
the bank was placed under the management of a curator by the Central Bank when it appeared it could not pay its creditors and depositors on demand. On investigation, the Central Bank
discovered that the Executive Chairman had loaned himself Z$90 billion of depositors’ money and the insider loans were not being serviced. The Executive Chairman was said to have been so dominant he had the veto power on everything that took place in the corporation. Investigations by the appointed curator have led to a rise in the figure for insider loans to
Z$174 billion. The Executive chairman fled the country when authorities appeared to point at him as the main contributor to financial distress in the institution. Intermarket has been trying
to enter into partnership with other banking institutions, in order to shore up its capital, without much success. Instead Finhold, another Zimbabwean financial institution whose banking
subsidiary is owed Z$100 billion is positioning itself to take over major shareholding in Intermarket Bank through a combination of cash and debt swap. Finhold’s strategy is an
attempt to protect possible collapse of Intermarket since it is a major creditor. Intermarket has to raise its capital base to Z$10 billion before 30 September 2004 as per regulatory authority
requirements. Fraud by some IM employees taking advantage of weak management systems has exacerbated financial distress in Intermarket. The curator has however opened the banking division for limited services to depositors.

Questions:

a) The liquidity problems experience by Barbican Bank and Intermarket bank were as a result of poor risk management. Discuss?

b) Identify the speculative risk that was taken by Barbican Bank?

c) Lack of board independence inadvertently creates an epicentre for corporate governance failures. Discuss using the two cases and outline the ideal role of a board in corporate governance and risk management