Strategic Management and Org. Leadership :

You are the CEO of a medium-sized business dealing with the challenges of the Covid-19 Pandemic. Using SPECIFIC topics covered in this course. How would you address staff employment?

The business of selling insurance is based on probability and the law of large numbers. Consumers buy insurance because we all face risks that are unlikely but carry high cost. Think of a fire destroying your home. So we form a group to share the risk: we all pay a small amount, and the insurance policy pays a large amount to those few of us whose homes burn down. The insurance company sells many policies, so it can rely on the law of large numbers.

In fact, the insurance company sees that in the entire population of homeowners, the mean loss from fire is μ = $300 and the standard deviation of the loss is σ = $400.What are the mean and standard deviation of the average loss for 8 policies? (Losses on separate policies are independent. Round your standard deviation to two decimal places.)

What are the mean and standard deviation of the average loss for 15 policies? (Round your standard deviation to two decimal places.)

The business of selling insurance is based on probability and the law of large numbers. Consumers buy insurance because we all face risks that are unlikely but carry high cost. Think of a fire destroying your home. So we form a group to share the risk: we all pay a small amount, and the insurance policy pays a large amount to those few of us whose homes burn down. The insurance company sells many policies, so it can rely on the law of large numbers.

In fact, the insurance company sees that in the entire population of homeowners, the mean loss from fire is μ = $300 and the standard deviation of the loss is σ = $400.What are the mean and standard deviation of the average loss for 6 policies? (Losses on separate policies are independent. Round your standard deviation to two decimal places.)

What are the mean and standard deviation of the average loss for 13 policies? (Round your standard deviation to two decimal places.)

Review these Skill Builders (and all of the other Course Materials): -Evaluating p-values -Statistical Power Identify the scenario you are evaluating and name the population. Estimate the size of that population. Example: the population of scenario 1 seems to be students at a State University so you could estimate the number of students at a typical State University. The University of South Florida up the road from me has about 40,000 students Identify the independent variable (IV) and the dependent variable (DV). Sometimes this is stated by the researchers and sometimes you have to ferret it out. In scenario 2, the IV and DV are given as Race and Education, respectively. Write a null hypothesis. If the null hypothesis is not provided in the scenario, write a null hypothesis based on the information that is provided in the scenario. Each scenario addresses differences in an interval or ratio DV among a Nominal or Ordinal IV made up of 2 or more groups. So write the null hypothesis this way: There is no difference in Education based on Race among (state/name the population). Critically evaluate the sample size. This is tricky because the scenarios do not provide us with the right information to calculate an appropriate sample size. And you want to avoid stating that a sample size ‘seems’ to be the right size (very amateurish). What to do? Go to this sample size calculator: https://www.surveysystem.com/sscalc.htm. Use the box labeled Calculate Sample Size, Enter .95 for the confidence level, your estimate of the population, 5 for the confidence interval and see what pops up for the ideal sample size. Compare that number to the sample size in the scenario and critically evaluate the sample size in terms of making a Type I or Type II error. For example, if the sample size is smaller than the ideal sample size, does the probability of making a Type I error increase or decrease. Do the same drill with a Type II error. Critically evaluate the scenario for meaningfulness. Follow the guidance I provided in the Announcement Week 5 Discussion: How To Critically Evaluate The Discussion Scenario. Note: we can often relate meaningfulness to social change. That is, if the research is meaningful then it may have implications for social change. Try evaluating meaningfulness and social change in the same paragraph. But first, define meaningfulness and define social change. Cite, cite, cite. Critically evaluate the statements for statistical significance. Compare the researcher reported p-value for the hypothesis test they conducted (either a t-test or an ANOVA) to the confidence level (usually .05). If the reported p-value is greater than .05, then the researcher should fail to reject the null hypothesis and state that there is no statistical significance. If the reported p-value is less than .05, then the researcher should reject the null hypothesis and state that there is statistical significance. I know this is counter-intuitive. Just do it. Add this for grins, “There is no such decision as ‘rapidly approaching significance.’ This is statistics, not a hurricane watch.” Select 1 response to the following multiple choice question: What scenario would you find to be the least fun?Having a root canal performed by an experienced dentist. Having 4 root canals performed by an unsupervised novice dentist. Having 21 root canals performed by a trained Capuchin monkey. Trying to statistically determine differences in patient post-root canal pain levels based on the dentist’s training.

. The following events apply to the first year of operations for Mestro Financial Services Company:

1. Acquired $28,000 cash by issuing common stock on January 1, 2018.

2. Purchased $1,000 of supplies on account.

3. Paid $12,000 cask in advance for a one-year lease on office space.

4. Earned $23,000 of consulting revenue on account.

5. Incurred $16,000 of general operating expenses on account.

6. Collected $20,000 cash from receivables.

7. Paid $13,000 cash on accounts payable.

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

9. There was $200 of supplies on hand.

10. The one-year lease on the office space was effective beginning on October 1, 2018.

11. There was $1,200 of accrued salaries at the end of 2018.

Required:

A. Record the preceding events in general journal format.

B. Post the transaction data from the general journal into general ledger T-accounts.

C. Prepare an adjusted trial balance.

D. Prepare an income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows.

E. Prepare the appropriate closing entries in general journal format.

Mr.A is the cheif Executive of a multinational company.Detail of his emoluments are as follow:
RS
a)Basic salary 4004520
b)Bonus. 1980642
c)utility allownce. 400452
d)leave encashmnet. 538083
e)other allowance. 90000
f)house rent allownce. 1802040
Apart from the above he has received director fee amounting to Rs5200
During the year he has sold shares that were acquired through exercise of a "Stock Option" (being a shares of U.K company) two years ago.The gain on sale amount to Rs,4206000.
He also owns a property which has been let out on rent.The details of rent received and expenses incurred are as follow:
a) Rent Rs,10000 per month The property was lent out on rent for the whole year.
b) He has paid poperty tax amounting to Rs.11500
c) During the year he has paid Rs,6000 for repairs and maintenance.
During the year the tax withheld at source from salary income is Rs,3600000
*Required*:You required to compute taxable income and tax liability for the tax year.

Expert Computers was started in 2018. The company experienced the following accounting events during its first year of operation: Started business when it acquired $40,000 cash from the issue of common stock. Purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. Paid off one-half of the accounts payable balance within the discount period. Sold merchandise on account for $28,000. Credit terms were 1/20, n/30. The merchandise had cost Expert Computers $16,000. Collected cash from the account receivable within the discount period. Paid $2,100 cash for operating expenses. Paid the balance due on accounts payable. The payment was not made within the discount period. Required Record the events in a horizontal statements model below. In the Cash Flows column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity, NC for net change in cash and NA to indicate accounts not affected by the event. The first event is recorded as an example. What is the amount of gross margin for the period? What is the net income for the period?

Cantor Corporation acquired a manufacturing facility on four acres of land for a lump-sum price of $8,000,000. The building included used but functional equipment. According to independent appraisals, the fair values were $4,500,000, $3,000,000, and $2,500,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be:

Axcel Software began a new development project in 2015. The project reached technological feasibility on June 30, 2016, and was available for release to customers at the beginning of 2017. Development costs incurred prior to June 30, 2016, were $3,200,000 and costs incurred from June 30 to the product release date were $1,400,000. The 2017 revenues from the sale of the new software were $4,000,000, and the company anticipates additional revenues of $6,000,000. The economic life of the software is estimated at four years. 2017 amortization of the software development costs would be:

Data:

Selling price $275
Manufacturing Cost:
Variable per unit produced:
Direct materials $104
Direct labor 63
Variable manufacturing overhead 33
Fixed manufacturing overhead per year $113,400
Selling and Administrative expenses:
Variable per unit sold $4
Fixed per year 58,000

Year 1 Year 2
Units in beginning inventory 0   
Units produced during the year 2,700 2,100
Units sold during the year 2,300 2,300