Private citizens benefit financially from a “qui tam” lawsuit only if a lawsuit is initiated under the False Claims Act on behalf of the federal government. If individuals pursuing this type of legal action were entitled to keep 90% of the winnings, how do you believe society would change?
One of the most important aspects of business leadership is our personality and the way that we function with others, that’s why an examination on the Big Five personality traits is crucial in the discussion. “…though adulthood measures of the Big Five traits were more strongly related to career success than were childhood measures, both contributed unique variance in explaining career success” (Judge, Higgins, Thoresen & Barrick, 1999, pp 621) Without the idea of the Big Five traits, we are extremely narrowly managing a business and ineffectively using our worker’s personality to the disadvantage of the organization. Invariably, the ability to be in tune with our employee’s personality allows us to manage, run, and effectively prospect our workforce. Using the research questions below, we will examine in depth the five major traits of: openness, conscientiousness, extraversion, agreeableness, and neuroticism; to paint the picture of their effects on business and organizational management.
Problem Statement:
To analyze the importance of Big Five personality traits in organizational leadership. To see how Big Five personality traits is an important metric in deciding a workforce; it can help determine the culture and effectiveness of leadership in an organization.
Research Questions:
1.How do you use the Big Five personality traits in effective leadership? ……. …..
Mini-Case #1 Johanson Co. purchased inventory for $100. At the end of the fiscal period, the inventory is unsold. Because of a reduction in demand, Johanson expects to sell the inventory for $90. The normal profit margin is $10. If Johanson were to replace the inventory, they would have to pay $77. How much is “market value” as required und the “lower of cost or market” standard? Justify your answer using the ASC and case facts. Follow the requirements in the “Arguments Guidance” and “Case Guidance” files.
Please help – it would be super helpful if I had excel formulas to explain.
On January 1, 2017, Teal Furniture Co. borrowed $6,100,000 (face value) from Gary Sinise Co., a major customer, through a zero-interest-bearing note due in 4 years. Because the note was zero-interest-bearing, Teal Furniture agreed to sell furniture to this customer at lower than market price. A 10% rate of interest is normally charged on this type of loan. Prepare the journal entry to record this transaction.
(b) On January 1, 2017, Teal Furniture Co. borrowed $6,100,000 (face value) from Gary Sinise Co., a major customer, through a zero-interest-bearing note due in 4 years. Because the note was zero-interest-bearing, Teal Furniture agreed to sell furniture to this customer at lower than market price. A 10% rate of interest is normally charged on this type of loan. Prepare the journal entry to record this transaction. (Round answers to o decimal places, e.g. 38,548. If no entry is required, select “No Entry” for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash 6100000 Discount on Notes Payable Notes Payable 6100000 Unearned Revenue Determine the amount of interest expense to report for 2017. (Round answer to o decimal places, e.g. 38,548.) Interest expense to be reported for 2017
Analyze the balance-of-payment structure and make at least one recommendation for reducing errors and/or omissions. Explain your reasoning for making the recommendation you did.Discuss the problems associated with having a persistent vs. temporary current account deficit and determine which one has the greatest long-term implication.
The following materials standards have been established for a particular product: Standard quantity per unit of output ………. 3.2 meters Standard price. …………. $13.40 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased.. meters Actual cost of materials purchased……….. $59,800 Actual materials used in production ………. 4,400 meters Actual output ……… 1,300 units Reference: 10-14 What is the materials price variance for the month? O $1,840 U 0 $1,760 U $1,760 F $1,840 F A furniture manufacturer has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: 8,500 DLHS Denominator level of activity…… Overhead costs at the denominator activity level: Variable overhead cost ……. Fixed overhead cost. $19,550 $93,075 The following data pertain to operations for the most recent period: Actual hours. Standard hours allowed for the actual output…….. Actual total variable overhead cost… Actual total fixed overhead cost.. Reference: 11-20 8,600 DLHS 8,575 DLHS $18,490 $91,225 What was the fixed overhead volume variance for the period to the nearest dollar? O $274 U 0 $1,095 F O $798 F $821 F
Problem 3-12 Predetermined Overhead Rate; Disposing of Underapplied or Overapplied Overhead [LO3- 4) Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine-hours. The predetermined overhead rate was based on a cost formula that estimates $900,000 of total manufacturing overhead for an estimated activity level of 75,000 machine-hours. During the year, a large quantity of furniture on the market resulted in cutting back production and a buildup of furniture in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the year: 60,000 850,000 $ Machine-hours Manufacturing overhead cost Inventories at year-end: Raw materials Work in process (includes overhead applied of $36,000) Finished goods (includes overhead applied of $180,000) Cost of goods sold (includes overhead applied of $504,000) $ 30,000 $ 100,000 $ 500,000 $ 1,400,000 Required: 1. Compute the underapplied or overapplied overhead. 2. Assume that the company closes any underapplied or overapplied overhead to Cost of Goods Sold. Prepare the appropriate journal entry. 3. Assume that the company allocates any underapplied or overapplied overhead proportionally to Work in Process, Finished Goods, and Cost of Goods Sold. Prepare the appropriate journal entry. 4. How much higher or lower will net operating income be if the underapplied or overapplied overhead is allocated to Work in Process, Finished Goods, and Cost of Goods Sold rather than being closed to Cost of Goods Sold? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the underapplied or overapplied overhead. < Required 1 Required 2 > Required 1 Required 2 Required 3 Required 4 Assume that the company closes any underapplied or overapplied overhead to Cost of Goods Sold. Prepare the appropriate journal entry. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.) View transaction list Journal entry worksheet Record the entry to close the balance in the manufacturing overhead account to the cost of goods sold account. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Assume that the company allocates any underapplied or overapplied overhead proportionally to Work in Process, Finished Goods, and Cost of Goods Sold. Prepare the appropriate journal entry. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.) View transaction list Journal entry worksheet Record the allocation of the underapplied/overapplied overhead to various accounts. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal < Required 2 Required 4 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 How much higher or lower will net operating income be if the underapplied or overapplied overhead is allocated to Work in Process, Finished Goods, and Cost of Goods Sold rather than being closed to Cost of Goods Sold? Net operating income will be if the overhead is allocated rather than closed entirely to cost of goods sold.
not sure the answer / how to work out… please answer all parts. thank you!
Problem 5 – Use the data below to calculate two forecasts: 1) A 2 period Moving Average; 2) An Exponetial Smoothed forecast with an alpha of .35 What is the expected error for these two forecasting techniques? Which one do you recommend using? Explain your choice Month January February March April May June July August September October November December January February March April May June July August September October November December Actual Demand 650 665 750 825 1110 660 690 760 810 1060 1000 900 850 780 770 760 810 740 750 1125 1250 1850 1930 2100
On January 1, 2011, Gemstone Company obtained a $280,000, 10-year, 11% installment note from Guarantee Bank. The note requires annual payments of $47,544, with the first payment occurring on the last day of the fiscal year. The first payment consists of interest of $30,800 and principal repayment of $16,744. The journal entry to record the issuance of the installment note for cash on January 1, 2011 would include:
a debit to Interest Expense of $30,800
a credit to Interest Payable of $195,440
a credit to Notes Payable of $280,000
a debit to Notes Payable of $475,440
which of the following is a possible reason why actual prices might differ from standard prices, resulting in a direct materials price variance?
A) The company may receive a discount for materials that are purchased in a large quantities.
B) the company may recieve a reduced price from a new vendor to generate business
C)the vendor may change their prices as a results of change in the market
D) All of these answer are correct
Academicpapers.net is a pioneering academic writing service with a customer base comprising of thousands of students. We have hundreds of expert writers aboard working in collaboration with a diligent quality assurance team.
Phone: +1 (940) 905 5542