• Regardless of the decision to outsource or provide these services in house, the plant manager and his direct staff will remain active positions to manage the outsourcing agreement as well as the other 3 plants, therefore their annual overhead expenses will remain at $800,000. • Corporate Allocation of $4 Million would be incurred regardless of the decision to continue operations internally or outsourced, therefore there would be no impact to this decision. • The Depreciation of the building would continue until exhausted which in the analysis the assumption would be that
ECON 100B – INTERMEDIATE MACROECONOMICS Professor Thomas Wu Spring 2012 Second Midterm – Sample (May 18, 2012) Name: _________________________________ Instructions: i. You have 1 hour and 10 minutes to finish this exam; ii. No questions will be taken (it is your job to interpret and understand the question); iii. The exam is supposed to be long, so do not panic if you feel like you are not going to finish it (probably all other students are feeling the same way); iv. No cheating will be tolerated!
Whenever Jim would meet with Bob, he never asked to see Jim financial statements. Holmes informed Jim that the bank would not extend their line of credit any further until the overdue not payable for $130,000 be paid within 30 days. Holmes told Jim that he needed to reduce the store’s inventory and to strongly suggest an inventory reduction sale. Holmes suggested that Jim request the help of a consultant who could help him establish a better inventory system. Holmes suggested that Jim reduce his inventories and accounts receivables to the industry averages.
Company’s in the IPO process and newly public companies are not required to provide either a management assessment or an auditor attestation report until they file their second annual report with the SEC. While companies in the IPO process are not required to comply with these regulations, in order to prepare for these certifications and audit, it is important to establish, document, and monitor compliance of internal controls as early as possible. 2. One practice the LJB is doing right and should continue to do is the use of pre-numbered invoices. This prevents transactions from being skipped over or recorded more than once.
The law also makes it illegal to retaliate against a person because the person complained about discrimination, filed a charge of discrimination, or participated in an employment discrimination investigation or lawsuit." (Laws Enforced by EEOC 2) At my work place this law is followed and abided by. For example, the lead teller at our branch was recently hired and she was two months pregnant. That did not affect her hiring process. We also, had one employee who was on maternity leave, and we had a temporary employee filling her spot.
Apollo Shoes Inc. will receive the audit report as long as Apollo Shoes Inc has resolved all issues found by the auditors. Fees and Other Issues The fixed fee for WTF to begin an audit is $25,000, this does not include the $200 per hour fee that is payable after the report has been issued as to calculate the proper hours worked. WTF will deliver a management letter that focuses on any company weakness with regards to the internal control system that was found during the audit. Please note the management letter is out of professional courtesy and not a requirement of the audit. Please sign this letter as confirmation of the terms of the engagement.
The court said AT &T was to break apart into seven little companies known as Baby Bells; a couple different ones that have transformed from AT & T are Southwest Bell and Bell Atlantic. If this ruling did not happen AT & T could charge whatever they wanted; ten cents a minute could be two dollars a minute etc. These monopolies don’t have to come up with new products or produce innovative designs in the market place because they know no one will be able to challenge the firms or
I would also clarify to Darlene “that their state laws require companies to provide a smoke-free work area for employees who desire it; it doesn’t force companies to ban smoking all together” (Case Study 8.4: Old Smoke). I would then enlighten Darlene that I am depending on her to complete the report because top management is expecting it to be done “yesterday”. And because she has never once said anything prior to this incident, there is nothing that can be done today to change the policy that has been put into place. I would finally stress to Darlene that the report needs to be finished today, therefore I need her to start assembling the data in the file room, and by not doing so would be considered insubordination. In addition, by not performing the task given to her, she would receive disciplinary actions for her job performance.
But Walmart’s response clearly showed that they no longer needed interested in the brand. Due to this exercise LOP learnt that KDH was not involved with Walmart’s decision to drop the brand. Nichol continuously tried to probe Walmart’s interests and plans and shared his issues of exclusive contract and long term loans, the senior management sympathised and stated that they want profitable suppliers. After six months of intensive negotiations to understand the reason for dropping the brand, he figured that due to globalization Walmart’s interest
Group I was least hazardous and group IV was most hazardous, as determined by baseline measurements of lost-time at work due to injury. Researchers then introduced a token economy. They gave individual workers a specified number of stamps at the end of each month if they had no occurrences of injuries that led to time off work, compensation or the care of a physician. In addition to those stamps awarded on individual basis, workers were awarded additional stamps if all of all co-workers under the same supervisor had no occurrences of such injuries. Workers were also awarded stamps if they acted in a way beneficial to safety such as making a useful safety suggestion, preventing injury to others or other special actions.