Exercise 7-8 Kickapoo Company uses an imprest petty cash system. The .pdf

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Exercise 7-8 Kickapoo Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100 During March, the following petty cash receipts were found in the petty cash box. Date Receipt No. For Amount $39 13 3/5 Stamp Inventory Freight-out Miscellaneous Expense Travel Expense Miscellaneous Expense 2 4 14 5 8 The fund was replenished on March 15 when the fund contained $5 in cash. On March 20, the amount in the fund wa increased to $182. Journalize the entries in March that pertain to the operation of the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Solution Date Account Titles and Explaination Debit Credit Mar-01 Petty $ 100 Cash $ 100 Mar-15 Postage expense $ 39 Freight out $ 13 Miscellaneous ($11 + $8) $ 19 Travel expense $ 22 Cash over $ 2 Cash ($100 - $5) $ 95 Mar-20 Petty ($182 - $100) $ 82 Cash $ 82.

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An entity with two multivalued attributes will be mapped as how many.pdf

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Assume you are the new CEO of the Delta Phi Corporation. When the Board of Directors appointed you CEO, they indicated that a strategy for the next decade should be developed. In your discussion post, indicate (based on the readings, not just personal opinion) how you would think about the task of formulating a strategy for the company looking at the decade ahead. Special attention should be given to how the different views of strategy by Porter and Mintzberg would influence your approach.LIST ALL REFERENCES There are two people, and only two, whose ideas must be taught to every MBA in the world: Michael Porter and Henry Mintzberg. This was true more than 25 years ago, when I did my MBA at USC. These are two academics who have had real impact for a long time. Part of their success, beyond having big relevant ideas, is due to their clear and concise writing skills (There is certainly a lesson in there for many of us business school academics). Both have been very influential in the study of strategy, an area of considerable interest to many Forbes readers. You can contrast their two views as Porter’s taking a more deliberate strategy approach while Mintzberg’s emphasize emergent strategy. Both are still taught, in fact, I taught Porter’s 3 Generic Strategies and his 5 Forces Model not two weeks ago in an undergraduate strategy course at McGill. Which is most useful today? The world of deliberate strategy is one that I remember well from my days as a corporate manager at IBM and then as an executive teacher at Oxford and LBS. It was a world of strategy planning weekends at posh hotels in the English countryside, where we sat in rooms discussing the 5 Forces in our particular industry and what would we change in the model if we had a fairy\'s magic wand. The output was 3 ring binders in North America and 2 ring binders in Europe. This worked well in its day, back in the 80s and part of the 90s, wonderful times now looking back on it, when the past was quite helpful in predicting the future. However, the nature of the world today no longer lends itself, by in large, to this type of strategy. Emergent strategy is the view that strategy emerges over time as intentions collide with and accommodate a changing reality. Emergent strategy is a set of actions, or behavior, consistent over time, \"a realized pattern [that] was not expressly intended\" in the original planning of strategy. Emergent strategy implies that an organization is learning what works in practice. Given today’s world, I think emergent strategy is on the upswing. Here’s why. But first, in the interest of transparency, I have worked closely with Henry co-directing and co- teaching on Leadership Programs at McGill, where we are both on the faculty, for more than a decade. In fact, many times, I have presented key parts of Porter’s ideas on strategy for a couple of hours and then Henry presents his ideas as a contrast to Michael’s. We started doing this tag team effort about 11 years ag.

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A manager typically spends the least amount of time: Communicating Monitoring work outcomes Establishing plans and goals In quiet reflection alone in his or her office Which of the following terms best describe a manager\'s work? Check all that apply Varied (Work changes frequently) Continuous (Managers usually finish one piece of work before moving on to the next) Reflective (Managers spend a large amount of time thinking about things) Brief (Work occurs in small segments) Use the manager roles developed by Mintzberg to answer the following questions. Mintzberg placed managerial work roles into which of the following categories? Check all that apply. Interorganizational Informational Interpersonal Decisional g the role ofY Solution The correct answer is \"In quiet reflection alone in his or her office\". The success or failure of the manager-led team depends completely on the leader. A competent team leader can help develop and improve even the high performance team. A manager should be clear and straightforward, should have good communication skills, good organizing skill, leadership skill, can handle complex situations, deal with changes appropriately, should have good knowledge, etc. Leader should focus on balancing both work and people to improve performance. Employees satisfaction is an important aspect for better performance. Leader should focus on making the employee satisfied by creating a positive work environment. Rather than blaming, leader should guide the employees how to cope up with difficult situations..

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Will a Pigovian tax always be equal to the marginal external cost of pollution at the socially optimal output level? Solution No as proved by Coase theorem there are transanction costs involved. They include monetary values for specifying, defining and enforcing property rights. There are high transanction costs particularly when parties involved are large. It may leave thus society saddled with excessive waste_waste over and above socially optimum level.

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the effect of the cold war on America\'s foreign and domestic policies. Solution The late 1940’s were a time of much change in American society. World War II had just ended and most of Europe was forced to pick up the broken pieces of what was left of its nation. Despite Europe taking most of the damage, America also had to face changes. Due to the expanding threat of the Soviet Union, or its Communistic ideals, America took a stance and plunged itself into the Cold War. This war did not involve direct fighting with Russia, but still affected American society and domestic policy. The war led to a fear of livlihood when Joseph McCarthy began his “witchhunt”. It lead to an enlarged fear of nuclear war in Americans. The Cold war also led to tax payer money being spent on defense and expansion of sciences. Despite the fear of impending doom, during the Cold War, one of the main fears an American had was being accused of being an communist. The “red scare” was a real government task that made Americans fear losing their jobs and becoming enemies of the state. In the 1950’s, a man by the name of Joseph McCarthy came up with a list that stated the names of “known” communists that invaded the American government. This lead to the beginning of the House Committee on Un-American activities. The duties of this group was to investigate anyone who may be suspicious of un-american activitIes. They would attack anyone in their way and claim it was justified because they feared the Communists invading their nation (Document 2). The government began to require employees to pledge an oath saying that one is not a communist, or has affiliation with one or any similar organization (Document 1). Breaking this oath meant investigation and possibly a trial. Never before had something like this happened in American society. Many applauded the government for rooting out the cause of the Cold War, but many also question the viability of the accusations against potentially innocent individuals (Document 4). The Cold War caused American society to become divided over the fight against communism. It also pinned man against man, and caused a fear of an impending war. Despite being cold a “cold war”, the threat of a real war was always looming over the heads of Americans. The Russians now had nuclear weapons that could wipe out the entire world. The Cuban Missile crisis was an eye opener for Americans. It showed that the war could happen with a single press of a button. That is way more money was spent towards the defense of lives. Homeowners took to the habit of stocking up on supplies and building bomb shelters that they hoped would protect them (Document 5). The Cold War also led to wars that involved the lives of American soldiers. Before, those in the army were volunteers. They wished to perform their civic duties and were not afraid to defend their nations. However, as more wars occurred more men did not want to be involved in the needless battles. This brought about.

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Snyder, Wenger, and McDermott suggest that practice-based learning communities have been in existence since the dawn of man. They go on to claim that knowledge has become the key to success and that it is simply too valuable of a resource to be left to chance. Therefore, companies need to understand precisely what knowledge will give them a global competitive advantage. How can organizations best cultivate communities of practice? Why? How can they best determine what knowledge will give them a global competitive advantage and what knowledge will not? Why? Solution Organizations can cultivate communities of practice by the following principles: 1. Since the communities are organic in nature therefore designing them in a manner of evaluation will help them in buildings networks and thus design for evaluation principal will help in cultivating communities of practice. 2. It is essential to open the communication from an internal and external perspective so as to discover the essential elements of community. The communication from internal persepctives will help in appreciating the issues at the domain stage and communication from external persepctives will help in deriving the feedback from such designs. 3. It is important to build a good community architectire by inviting participation from different levels and thus it helps in creating variety of interest and activities. Partcipation could be invited for different reasons such as for providing values, for personal connection, and also for improving skills. Reference Christopher Alexander\'s approach to designing buildings and towns in a way that invites aliveness and vitality informs much of this approach to community design. Alexander, Ishikawa, and Silverstein, A Pattern Language,and Alexander, The Timeless Way of Building. Organizations can best determine what knwoledge will give them a global competitive advantage from the following methods: 1. Defining the b8usiness needs. 2. Shifting culture, technology and behaviour. 3. Keeping tab on who knows what 4.Constant improvement in tools and techniques. 5. Management of knowledge. 6. Determing the hierarchy 7. Volunteer knowledge Reference Economic Intelligence unit (2005), the economic times..

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Select the terms that best describe the following situations. When Switzerland\'s Nestlé expanded internationally because its domestic market was too small to allow it to grow. Cultural competence Culture Globalization Cultural etiquette Solution Answer : GLOBALIZATION When world economies come to each other for mutually beneficial sharing of knowledge, information, technology, education, market , governance etc. Then it called as globalization. Now , Americans companies can sell their products to Asian and African market. It provides them huge markets like India, China , Indonesia , South Africa , etc..

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