Discussion Board Inquiry

During a period of inflation (increasing costs of goods), which inventory cost flow method would provide the highest ending inventory balance? How would this affect the net income of the company? Explain why it would, or would not, be ethical to select the cost flow method that reports the highest net income? 

Porsche’s Analysis [CLOs: 2,6] Read the Porsche case provided in the course materials section and describe the company’s history, products, and major competitors in a paragraph or two. Assess the financial performance and condition of the organization. T

Porsche’s Analysis [CLOs: 2,6]

Read the Porsche case provided in the course materials section and describe the company’s history, products, and major competitors in a paragraph or two. Assess the financial performance and condition of the organization. Then, conduct a SWOT analysis detailing the strengths, weaknesses, opportunities, and threats that may affect the organization. Finally, assess the quality of the decisions made by the company and provide recommendations for improvement. (NOTE: This will become part of your final paper). 

Your paper must be five to six pages in length (excluding the title and reference pages), incorporate at least two scholarly sources from the Ashford University Library (other than the case and textbook), and be formatted according to APA style guidelines as outlined in the Ashford Writing Center.

only for work of and by  jia-heper

Compare and Contrast Accounting/Finance Certifications

THIS SHOULD BE NEWLY WRITTEN AND IN APA CITATION WITH A REFERENCE PAGE. NO MINIMUM PAGE REQUIREMENT, HOWEVER, BASED ON INFORMAITON BELOW IT SHOULD BE AT LEAST 2 PAGES OR MORE.

Choose two accounting industry certifications to research. THE TWO I CHOSE ARE CERTIFIED MANAGEMENT ACCOUNTANT (CMA) AND THE OTHER IS CHARTERED FINANCIAL ANALYST (CFA).

Compare the requirements of the two certifications. Include at a minimum the below comparisons:

  • Educational requirements
  • Experience requirements
  • Exam requirements
  • Ethics requirements
  • Membership requirements
  • Topics covered by the exam (if one is required)
  • Review/refresher courses available
  • Ongoing requirements including continuing professional education (CPE), membership, etc.

Include in your evaluation a summary of your findings on the benefits of each certification and your opinion on which you would choose to pursue and why.

Accounting Discussion

  • Use the Internet to research the annual report of at least one (1) merchandising company. Determine which costing method (Last In First Out [LIFO], First In First Out [FIFO], or weighted average cost) that is used to record inventory by your selected company.
  • Identify the three (3) primary advantages and three (3) primary disadvantages of using the costing method (LIFO, FIFO, and weighted average) that is used to record inventory.
  • Provide support for your response.

Richfield Company produces engine parts for car manufacturers.

2017

Performance Report

Year Ended December 31, 2017

Actual

Flexible-Budget

Flexible

Sales-Volume

Static

Results

Variances

Budget

Variances

Budget

Units sold

106,000

98,000

Revenues (sales)

$

683,700

$

416,500

Variable costs

460,000

215,600

Contribution margin

223,700

200,900

Fixed costs

122,800

100,000

Operating income

$

100,900

$

100,900

1.

2.

3.

Activity 1.1. How can workforce mobilisation be used to address shortages identified when reviewingdata on staff turnover? (50-75 words)2. The organisation you work for has asked you to analyse their

Activity 1.1. How can workforce mobilisation be used to address shortages identified when reviewingdata on staff turnover? (50-75 words)2. The organisation you work for has asked you to analyse their existing workforce to determineareas where there are excesses or shortages or requirements for mobilisation. How wouldyou do this? Explain. (75-125 words)3. You have analysed the existing workforce of a catering organisation to determine areaswhere there are excess or shortage of food preparation staff and an excess of serving staff.What would you do to address these excess and shortages? Provide at least five examples. 

Activity 2.1. Name three sources you would use to research and review current and predicted externallabour supply data, ad demographic and economic data, to forecast human resources supply.What type of information do these sources provide? Why do you think these sources wouldprovide a valuable source of information? (100-120 words)2. You have been asked to review your organisation`s staff budgets as it is a factory that mayaffect workforce supply. What 14 things would you include in your calculations?3. When calculating staff budgets, which method would you use? Why? (100-150 words) 

Activity 3.1. By law, what are organisations required to do or not do in relation to diversity of theirworkforce? (100-150 words)2. Identify five advantages of having a diverse workforce. Do not limit your responses to thoseideas listed in the text.3. Your organisation develops websites and online marketing tools for small business. Theorganisation does not have a particularly diverse workforce. In particular, the organisationdoes not tend to recruit older workers. This is because management feel that older workerswill not have the technology skills needed to carry out work, even when they havequalifications in the field. What would you tell them about the need for and benefits of adiverse workforce? (150-200 words) 

Activity 4.1. What are retention strategies? (50-70 words) Provide five examples of things an organisationmight do in an attempt to retain staff. 

2. The organisation you work for makes and sells jewellery. In the past few years, theorganisation has found that they are not making money on their line of watches so they havedecided, as a part of their organisation strategy, to stop selling watches. This means that theworkforce will need to be modified because watchmakers will no longer be needed. Howmight the organisation modify its workplace? (50-75 words) 

3. The organisation you work for sells PC`s and laptops. They have decided that they are goingto start selling computer tablets (eg iPads). They are expecting that this will significantlyincrease sales and will mean that more sales staff are going to needed. How might theorganisation modify its workforce in this situation? (100-150 words) 

Activity 51. Define turnover. Why do organisations need to analyse turnover rates? (40-60 words)2. You have analysed the turnover rates in your organisation and feel that they areunacceptably high. Others in the organisation argue that turnover is to be expected. Whatwould you say to them? (100-150 words)3. You work for a hotel. In the past year, 35% of the hotel`s employees have left theorganisation. The organisation deems this level of turnover to be unacceptable. You haveconducted exit interviews with these employees.The reasons employees have cited for leaving the organisation include: More payBetter career opportunity/ restricted opportunities for advancementLack of challengeNegative relationships with supervisors, managersOverloading employeesIncidents of discriminationHealth and safety issuesPoor job security How would you address unacceptably high staff turnover rates with each of these reasons in mind?(75-100 words) 

Activity 61. How would you explain the difference between role development and career development,both of which can be used as retention stragies? Why is it a good idea to implement each ofthese strategies? (150-200 words)2. What one strategy would you implement to retain required skilled labour? You do not haveto limit your ideas to those provided in the text. You might have your own ideas as to howorganisations can retain skilled labour. Why do you think your chosen strategy is mostimportant or would be most effective in retaining skilled labour? (100-150 words) 

Activity 71. What would you do to manage diversity in the workplace? You do not need to restrict yourresponse to ideas presented in the text. Provide at least 10 examples2. Write a diversity policy that supports an organisation`s requirements for diversity in theworkforce. 

Activity 8 

1. Outline the advantages or disadvantages of the following different methods that can be usedto source skilled labour.a. Online recruitment (at least five advantages and one disadvantages)b. Company website advertising (at least one advantage and two disadvantages)c. Newspaper (at least four advantages and three disadvantages)d. Trade and professional journal/ magazines (at least three advantages and onedisadvantages)e. Employment/ recruitment agencies (at least three advantages and one disadvantage)f. Direct applicants (at least two advantages and one disadvantage)2. Your organisation installs home theatre equipment. You have several teams that carry outinstallations and each team is overseen by a supervisor. One of your supervisors has resignedand you now need to source skilled labour to fill that position. You feel that some of theteam members might be suitable for the position. What recruitment strategy might you usein this situation? How would you do this? (100-150 words) 

Activity 91. How might you communicate workforce objectives and rationale to relevant stakeholders/employees? Provide at least 10 examples.2. You work for a hospital. Previously, specific nurses were given all weekend shifts. Feedbackgathered from other nurses has revealed that all nurses would like the opportunity to workweekends when greater shift penalties are paid. The organisation has decided that from nowon weekend shifts will be distributed equally amongst all nurses. Write a memo to bedistributed to all the nurses that work for the hospital communicating objectives andrationale of the changes to relevant stakeholders. (150-200 words) 

Activity 101. Identify two groups other than employees whose agreement and endorsement you wouldseek when setting objectives and targets and creating workforce plans. Explain why theiragreement should be sought. (75-125 words)2. Your organisation has decided that employers will no longer give employees rostered days offto compensate them for working overtime. Instead, employees will now be paid for anyovertime they complete. What would you say to obtain agreement and endorsement forthese changes? You should provide a transcript of three minute speech that you would giveto employees outlining the objectives of this change. You need to show that you haveconsidered objections to or barriers to employee endorsement of this change. (200-300words) 

Activity 111. What are contingency plan? (50-75 words)2. Develop a contingency plan to cope the extreme situation of a large number of employeesgoing on strike without notice. (200-300 words) Activity 121. What in an implementation plan? (20-20 words)2. It has been determined that your organisation needs to make changes to its workforce. Somestaff will need to be recruited, some will need to undergo training, some will need to beredeployed and others are going to be made redundant. You have been asked to head upteam that is going to develop an implementation plan. None of the team has done thisbefore so it is up to you explain what an implementation plan should contain and how itshould be written. What would you tell them? (150-200 words)3. What things would you include in the WBS section of an implementation plan? (100-150words) 

Activity 131. Read the article and answer the questions provided.According to this article, what are the possible negative effects of when organisations do notdevelop and implement strategies to assist workforce to deal with organisational change?Provide at least five examples2. According to this article, what can organisations do to assist the workforce deal withorganisational change? Provide at least five examples3. What are two of the strategies would you develop and implement to assist the workforce inthe article deal with organisational change? Why do you think these strategies would besuccessful in reducing the stress that comes with change and helping employees to deal withchange? (100-150 words) 

Activity 141. Outline the issues that can make it difficult for people from diverse cultural backgrounds tosecure employment. (150-200 words)2. Identify six strategies with the potential to attract and recruit more Indigenous Australians tohelp organisations attract a diverse workforce. You might need to carry out your ownresearch to complete this activity. 

Activity 151. What is succession planning? (50-75 words)2. Read the extract from article Keys to Best Practice Succession Management and answerthe question that follows it. Identify 10 characteristics outlined in the extract of bestpractice succession planning systems and management that ensure desirable workersare developed and retained3. How would you identify desirable workers who can be developed and retained to fill keypositions that might become vacant within the organisation? You do not have limit yourideas to those provided in the text. Why do you think your method of identifyingdesirable workers would be best? (75-125 words) 

Activity 161. What is an employer of choice? (30-50 words)2. Select one organisation that you consider to be an employer of choice. For example, Googleis an organisation that is widely considered to be an employer of choice. What programsdoes your chosen organisation implement to ensure the workplace is an employer of choice?Provide at least five examples. You will need to undertake your own research to completethis activity; however, this research can be carried out online.3. What program/ benefit would you consider to be the most valuable that might be offered byemployers of choice? Explain. (100-150 words) 

Activity 171. An employee who has been with your organisation for many years has handed in theirresignation. You are surprised they are leaving and they have not really provided any reasonsfor their decision to exit. What should you do? (100-150 words)2. Your organisation does not currently conduct exit interviews when employees leave theorganisation. They do not feel that there is anything to be learnt from employees who areclearly disgruntled. They suggest that the employee will not have anything objective to sayand that they will only be interested in criticising the organisation. What would you tell themabout the need to conduct exit interviews to identify patterns in turnover? (100-200 words) 

Activity 18Choose an industry in which there is an undersupply of labour. Summarise the situation in thatindustry. Explain why there is an undersupply of labour in that industry. What are the effects of thelabour trends in this industry on the demand for labour? What can the organisation do to nullify theeffects of the labour trends? You will need to carry out your own research to complete this activity.(200-250 words) 

Activity 191. Create a questionnaire that could be used to survey organisational climate to gauge workersatisfaction. The questionnaire should include questions for each of the commonly usedcategories of organisational climate questionnaires. These questions need to differ fromthose given in the sample survey. You should ask at least 15 questions.2. Ask three people to complete your questionnaire. Ideally, these will be thee people from thesame workplace but you might chose to survey family or friends about their work climate.What conclusions would you draw from responses to your survey about organisationalclimate and worker satisfaction? What advice would you give the organisation as a result ofyour survey? (100-200 words) 

Activity 201. What as the global financial crisis? (50-75 words)2. What were ten of the effects of the global financial crisis? 3. There has been a downturn in the economy on a global scale. Your organisation, whichorganises overseas holidays for families has been hit hard by this downturn. People arescared of spending money and are cutting back luxuries including travel. As a result, you havetoo many staff for the amount of business coming in. what recommendations would youmake in response to this situation? Provide at least three examples. 

Activity 21Read the article and answer the question that follows it.1. What are three of the advantages government policy had on labour demand and supplyimmigration policies have in this example?2. Choose one current government policy relating to labour demand and supply. This policyshould not be the same as the one mentioned in the text. Write a one page report outlininghow the government policy affects labour demand and supply. 

Activity 221. You run a security business. You supply bouncers and security guards to a chain of nightclubs.A number of the nightclubs have complained that fights are breaking out in areas of theclubs when security staff are elsewhere. What changes might need to be made to theworkforce plan address this issue? (30-50 words)2. How would you evaluate effectiveness of change processes made to address the nightclub`sconcerns against agreed objectives? What should be done if the change was determined tobe ineffective? (100-150 words)Summative assessment 1Question 1How might organisations gather current information about labour supply relevant to theirspecific industry or skill requirement? Provide at least 10 examples.Question 2Outline what industrial relations are and how they can assist organisations in maintaining askilled workforce. You might need to conduct your own research to answer this question.(100-150 words)Question 3Describe labour demand forecasting. What is labour supply analysis? (20-50 words)Question 4There are number of methods which can be used to estimate future staffing requirementsand determine what actions need to be taken when forecasts suggest that organisations willhave a shortage or surplus of employees. Identify and explain three. (300-400 words)

someone expert in taxation

Problems:     Chapter 8-57 (Janice Morgan) South-Western’s Federal Taxation, Comprehensive Volume (2017).  Prepare the Tax Return for 2016.

Changes to Problem:        Change all years to one year later (for example, 2015 becomes 2016).

The following information should be helpful in your preparation of the tax return.

(1)       (a)       Requirement:  Prepare the federal income tax return on the appropriate IRS forms.  (Even if you use a software program, you must turn in manual entries on IRS forms.)  Copies of those forms and instructions are available at www.irs.gov

            (b)       Additional Requirements:  Prepare a brief top sheet summarizing the factual information in the format of the tax formula.

(2)       Strategy:  You might want to start with page 1 of the 1040 and manually make entries (pencil recommended).  You may then need to do subsidiary forms (e.g., Schedules C).  You might also want to work out the figures for the tax formula roughly first before beginning the return.

(3)       Check figures:        

            Adjusted gross income                   20,263                     Itemized deductions 11,700

            Taxable income                               4,513   

(4)       Check forms:   (please include in your return):

(5)                   Grading:

a.         Per the syllabus, this manual return is 10% of the grade; i.e., 33 points since the three exams are worth 300 points

            b.         Actual maximum, manual return, 43 points (10 points extra credit)

            c.         Forms: 1040 pages 1 and 2; Schedules A, B, C, SE; Form 4562

(6)                   Additional helpful information:

            a.         Please use the sequence numbers in the upper right-hand corner of the official IRS forms for the proper order

            b.         Do not calculate next year’s estimates or any late filing penalty or interest.

Notes

At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts: Accounts Receivable, $1,280; Prepaid…

At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts: Accounts Receivable, $1,280; Prepaid Insurance, $580: Equipment, $37,000 and Cash, $41,050. On the same date, SloMo owed the following creditors: Simpson Supply Company, $12,800; Allen Office Equipment, $9,900.

The total amount of liabilities is:

Multiple Choice:

$41,050

$9,900

$37,000

$22,700

This project is presented in three-parts that assesses your knowledge of financial accounting and the accounting cycle.

June 30

$500 in dividends were paid in cash.

xx

Required:

1. Prepare journal entries in good form for the transactions above.

2. Post the journal entries into T-accounts (make sure you have a total amount for each account). There should be no hardcoded numbers on the T-accounts, only formulas.

3. Make a trial balance in good form as of June 30, 20xx (make sure you have headers and totals). There should be no hardcoded numbers on the trial balance, only formulas.

This project is an extension of Part 1, so just like in the real world the previous transactions do not go away. Review your transaction analysis, journal entries, T-Account postings and Trial Balance for accuracy. You start from where that part ended and add this information.

The following transactions are adjusting entries that need to be booked as of June 30, 20XX:

1.     The money borrowed on June 2 is an interest-only loan with a 10 percent interest rate. The interest accrues each month even though it is only paid quarterly with the first payment not due until September 2, 20xx. Compute interest on a monthly basis not by number of days.

2.     The building has no salvage value and is depreciated on a straight-line basis over 30 years. The equipment has no salvage value and is depreciated on a straight-line basis over 10 years.

3.     One month of insurance coverage has expired. Assume an entire month’s worth of insurance has expired not only the number of days between payment and end of June.

4.     There is $8,500 of inventory left in storage at the end of the month and there was no inventory used for internal purposes.

5.     The last payday was June 28th (employees were paid for working that day). Wages accrue at $200 per day.

Required:

1.     Make adjusting entries in good form based on the above information. Create separate adjusting journal entries from your part 1 journal entries.

2.     Post the adjusting journal entries into T-accounts (make sure you have a total amount for each account and that the T-accounts have Part 1 and Part 2 amounts). Remember t-accounts do not go away. Any T-account from Part 1 whether it was affected or not needs to be included. 

3.     Finish an adjusted trial balance.

PROJECT DETAILS

Part 3 of the project is an extension of Parts 1 and 2, so just like in the real world the previous transactions do not go away. You start from where part 2 ended and add this information.

Required:

1.     Prepare closing journal entries to “close out” all required accounts. (Part 1 & 2 entries are not required and should not be turned in)

2.     Post the journal entries into T-accounts (make sure you have a total amount for each account). Remember t-accounts do not go away. Any T-account from Part 1 & 2 whether it was affected or not needs to be included.

3.     Complete the Income Statement for June 20xx. 

4.     Make a final Balance Sheet as of June 30, 20xx. This includes subtotals and totals for all categories we discussed in class.

5.     make a post-closing trial balance.

finance

Capital markets and finance

Author – John Perfrement, Melbourne Polytechnic, T1 2017

General instructions

QUESTION 1

The company LT Ltd is considering the introduction of a new product. Generally, the company’s products have a life of about 5 years, after which they are deleted from the range of products that the company sells. The new product requires the purchase of new equipment costing $400,000. The ATO’s depreciation schedule allows an effective life of 10 years for such equipment and that the company chooses to use the Diminishing Value Method for tax purposes meaning the annual tax depreciation rate would be 50% higher than the rate connected with prime cost depreciation. Assume that at the end of 5 years the equipment can be disposed of easily and will generate proceeds of $157,500.

The new product will be manufactured in a factory already owned by the company. The factory originally cost $150,000 to build and has a current resale value of $350,000, which should remain fairly stable over the next 5 years. This factory is currently being rented to another company under a lease agreement that has 5 years to run and provides for an annual rental of $15,000. Under the lease agreement LT Ltd can cancel the lease by paying the lessee an amount equal to 1 year’s rental payment.

It is expected that the product will involve the company in sales promotion expenditures which will amount to $50,000 during the first year the product is on the market. Additions to net operating working capital will require $22,500 at the commencement of the project and are assumed to be fully recoverable at the end of year 5.The new product is expected to generate net operating cash flows as follows before tax:

Year 1 $200,000

Year 2 $250,000

Year 3 $325,000

Year 4 $300,000

Year 5 $150,000

Required rate of return is 10% and the company tax rate is 30%. Calculate the NPVShow all calculations and ignore the existence of any applicable GST

QUESTION 2

Nutson Bolz is an assembly business run by a sole proprietor whose marginal tax rate is 47%. The owner is considering the purchase of a new fully automated machine to replace an older, manually operated one. The machine being replaced, now five years old, originally had an expected life of ten years, and it was being depreciated using the straight-line method from a cost of $20,000 down to zero, and could be sold for $15,000. The old machine was operated by one operator who earned S15,000 per year in salary and $2,000 per year in fringe benefits. The annual costs of maintenance and defects associated with the old machine were 57,000 and $3,000 respectively.

The replacement machine being considered has a purchase price of $50,000, a salvage value after five years of $10,000, and would be fully depreciated over five years using the straight-line depreciation method. To get the automated machine in running order, there would be a $3,000 shipping fee and a $2,000 installation charge. In addition, because the new machine would work faster than the old one, investment in raw materials and goods-in-process inventories would need to be increased by a total of $5,000. The annual costs of maintenance and defects on the new machine would be $2,000 and $4,000 respectively. The new machine also requires maintenance workers to be specially trained; fortunately, a similar machine was purchased three months ago, and at that time the maintenance workers went through the $5,000 training program needed to familiarize themselves with the new equipment. The firm’s management is uncertain whether to charge half of this $5,000 training fee to the new project. Finally, to purchase the new machine, it appears the firm would have to borrow an additional $20,000 at 10% interest from its local bank, resulting in additional interest payments of $2,000 per year. The required rate of return on projects of this kind is 20%.

Required:

  • What is the project’s initial investment?
  • What are the incremental cash flows over the project’s life in years 1-4?
  • What is the incremental cash flow in terminal year (year 5 cash flow)?
  • What is the NPV?
  • What is the IRR? You may need an Excel spread-sheet to make this calculation.(work in excel)
  • Should the project be accepted (yes/no)? Why/why not?

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