1.
eBookeBookeBookeBookeBookeBookeBookeBook VideoVideoVideoVideoVideoVideoVideoVideo
Cornerstone Exercise 9-30 (Algorithmic)
Preparing a Schedule of Cash Collections on Accounts Receivable
Kailua and Company is a legal services firm. All sales of legal services are billed to the client (there are no cash sales). Kailua expects that, on average, 20 percent will be paid in the month of billing, 50 percent will be paid in the month following billing, and 25 percent will be paid in the second month following billing. For the next five months, the following sales billings are expected:
May
$ 84,000
June
100,800
July
77,000
August
87,600
September
90,000
Prepare a schedule showing the cash expected in payments on accounts receivable in August and in September. If an amount is zero, enter "0".
Kailua and Company Schedule
August
September
June:
$
x
%
$
July:
$
x
%
$
x
%
$
August:
$
x
%
$
x
%
September:
$
x
%
Total
$
$
2.
eBookeBookeBookeBookeBookeBookeBookeBook VideoVideoVideoVideoVideoVideoVideoVideo
Cornerstone Exercise 9-31 (Algorithmic)
Preparing an Accounts Payable Schedule
Wight Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account:
April
$373,800
May
411,100
June
415,900
Wight typically pays 20 percent on account in the month of billing and 80 percent the next month.
1. How much cash is required for payments on account in May?
$ _________________
2. How much cash is expected for payments on account in June?
$ _________________
3.
eBookeBookeBookeBookeBookeBookeBookeBook VideoVideoVideoVideoVideoVideoVideoVideo
Cornerstone Exercise 9-32 (Algorithmic)
Preparing a Cash Budget
La Famiglia Pizzeria provided the following information for the month of October:
a. Sales are budgeted to be $156,000. About 85 percent of sales are cash; the remainder are on account.
b. La Famiglia expects that, on average, 70 percent of credit sales will be paid in the month of sale, and 28 percent will be paid in the following month.
c. Food and supplies purchases, all on account, are expected to be $119,000. La Famiglia pays 25 percent in the month of purchase and 75 percent in the month following purchase.
d. Most of the work is done by the owners, who typically withdraw $6,000 a month from the business as their salary. (The $6,000 is a payment in total to the two owners, not per person.) Various part-time workers cost $7,300 per month. They are paid for their work weekly, so on average 90 percent of their wages are paid in the month incurred and the remaining 10 percent in the next month.
e. Utilities average $5,950 per month. Rent on the building is $4,100 per month.
f. Insurance is paid quarterly; the next payment of $1,000 is due in October.
g. September sales were $181,500 and purchases of food in September equaled $130,000.
h. The cash balance on October ...
1.value10.00 points The following data relate to the operatio.docxfredellsberry
1.value:
10.00 points
The following data relate to the operations of Picanuy Corporation, a wholesale distributor of consumer goods:
Current assets as of December 31:
Cash $ 6,000
Accounts receivable $ 36,000
Inventory $ 9,800
Buildings and equipment, net $ 110,885
Accounts payable $ 32,550
Capital stock $ 100,000
Retained earnings $ 30,135
a. The gross margin is 30% of sales. (In other words, cost of goods sold is 70% of sales.)
b. Actual and budgeted sales data are as follows:
December (actual) $ 60,000
January $ 70,000
February $ 80,000
March $ 85,000
April $ 55,000
c.
Sales are 40% for cash and 60% on credit. Credit sales are collected in the month following sale. The accounts receivable at December 31 are the result of December credit sales.
d. Each month’s ending inventory should equal 20% of the following month’s budgeted cost of goods sold.
e.
One-quarter of a month’s inventory purchases is paid for in the month of purchase; the other three-quarters is paid for in the following month. The accounts payable at December 31 are the result of December purchases of inventory.
f.
Monthly expenses are as follows: commissions, $12,000; rent, $1,800; other expenses (excluding depreciation), 8% of sales. Assume that these expenses are paid monthly. Depreciation is $2,400 for the quarter and includes depreciation on new assets acquired during the quarter.
g. Equipment will be acquired for cash: $3,000 in January and $8,000 in February.
h.
Management would like to maintain a minimum cash balance of $5,000 at the end of each month. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $50,000. The interest rate on these loans is 1% per month, and for simplicity, we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter.
Required:
Using the data above:
1. Complete the following schedule.
Schedule of Expected Cash Collections
January February March Quarter - Total
Cash sales $ 28,000 $ $ $
Credit sales 36,000
Total collections $ 64,000 $ $ $
2.
Complete the following: (Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values.)
Merchandise Purchases Budget
January February March Quarter - Total
Budgeted cost of goods sold $ 49,000 * $ $ $
Add desired ending inventory 11,200 †
Total needs 60,200
Less beginning inventory 9,800
Required purchases $ 50,400 $ $ $
*$70,000 sales × 70% = $49,000.
†$80,000 × 70% × 20% = $11,200.
Schedule of Expected Cash Disbursements—Merchandise Purchases
January February Ma.
ACT 305 Module 6 Assignment Choice #1- Cost of ProductionJasonPrans
Hillyard Company prepares a quarterly master budget. The summary provides data on the company's account balances from the prior quarter, budgeted sales figures for the next four months, cost of goods sold and expense percentages, planned equipment purchases, and dividend payments. The assistant is asked to complete a schedule of expected cash collections, merchandise purchases budget, schedule of expected cash disbursements for purchases and expenses, and a cash budget for the first quarter using the provided data. The completed budgets must be organized in an Excel spreadsheet.
ABC Company has provided financial information for 2015 and details regarding projected sales, expenses, inventory, equipment purchases and potential projects for 2016. You are asked to:
1. Prepare the 2015 year-end balance sheet and budgets to allow for pro-forma financial statements for Q1 2016, including sales, purchases, expenses and cash budgets.
2. Calculate the NPV for three potential projects using Excel formulas and recommend the order in which ABC should pursue the projects based on your analysis. Justify your recommended order in the Excel document.
3. Submit your work as a single Excel file with the 2015 balance sheet, 2016 budgets, project NPV calculations and recommended project order analysis.
1. The document summarizes key concepts related to accounting for sales revenue, receivables, and cash including revenue recognition principles, credit card sales, sales discounts, sales returns and allowances, bad debts, and cash controls.
2. It also discusses calculating ratios like gross profit percentage, receivables turnover, average collection period, and preparing bank reconciliations.
3. Examples are provided of journal entries for credit card sales, sales discounts, sales returns, estimating bad debts expense, and reconciling cash accounts.
1. Bombs Away Video Games Corporation has forecasted the followi.docxjackiewalcutt
1.
Bombs Away Video Games Corporation has forecasted the following monthly sales:
January
$
98,000
July
$
43,000
February
91,000
August
43,000
March
23,000
September
53,000
April
23,000
October
83,000
May
18,000
November
103,000
June
33,000
December
121,000
Total annual sales = $732,000
Bombs Away Video Games Corporation
Production and inventory schedule in units
Beginning
inventory
+
Production
–
Sales
=
Ending
inventory
January
23,000
February
March
April
May
June
July
August
September
October
November
December
Bombs Away Video Games sells the popular Strafe and Capture video game. It sells for $5 per unit and costs $2 per unit to produce. A level production policy is followed. Each month's production is equal to annual sales (in units) divided by 12.
Of each month's sales, 40 percent are for cash and 60 percent are on account. All accounts receivable are collected in the month after the sale is made.
a.
Construct a monthly production and inventory schedule in units. Beginning inventory in January is 23,000 units.
b.
Prepare a monthly schedule of cash receipts. Sales in December before the planning year are $100,000.
Bombs Away Video Games Corporation
Cash Receipts Schedule
January
February
March
April
May
June
Sales
$
$
$
$
$
$
Cash receipts:
Cash sales
$
$
$
$
$
$
Prior month's credit sales
Total cash receipts
$
$
$
$
$
$
Bombs Away Video Games Corporation
Cash Receipts Schedule
July
August
September
October
November
December
Sales
$
$
$
$
$
$
Cash receipts:
Cash sales
$
$
$
$
$
$
Prior month's credit sales
Total cash receipts
$
$
$
$
$
$
Prepare a cash payments schedule for January through December. The production costs of $2 per unit are paid for in the month in which they occur. Other cash payments, besides those for production costs, are $43,000 per month.
Bombs Away Video Games Corporation
Cash Payments Schedule
Constant production
January
February
March
April
May
June
Production cost
$
$
$
$
$
$
Other cash payments
Total cash payments
$
$
$
$
$
$
Bombs Away Video Games Corporation
Cash Payments Schedule
Constant production
July
August
September
October
November
December
Production cost
$
$
$
$
$
$
Other cash payments
Total cash payments
$
$
$
$
$
$
2.
Guardian Inc. is trying to develop an asset-financing plan. The firm has $400,000 in temporary current assets and $300,000 in permanent current assets. Guardian also has $500,000 in fixed assets. Assume a tax rate of 25 percent. (Do not ...
This document provides information and homework assignments for the BUSN 5200 Managerial Finance Complete Class. It includes homework for weeks 1 through 8 covering topics like the field of finance, accounting, ratio analysis, time value of money, capital budgeting, and more. Students are asked to complete assignments involving calculations, preparing financial statements and graphs, and answering conceptual questions. The document also provides information on how to purchase the complete tutorial for this class and contact details for the tutorial provider.
REQUIRED This project is worth 25 points. It is an opportunit.docxdebishakespeare
REQUIRED: This project is worth 25 points. It is an opportunity to put together some of the
things you have learned in different parts of this course. Read the case and answer the
requirements below. To receive credit you must show your calculations and write full answers
using one side of a page for each requirement (1-5). We must ask you to handwrite your answers.
Hand your project in to the accounting lab 133MH during lab hours on or before Thursday
November 15 at 6 PM.
1) YOUR NAME ________________________________________________
2) YOUR PEOPLESOFT ID ____________________________________________
3) YOUR INSTRUCTOR’S NAME _____________________________
4) YOUR RECEIPT NUMBER _______________(lab assistants will give you this)
CASE
Manny Fold owns a factory that specializes in making titanium valves for high performance
engines on a just in time basis. Thus, Manny produces what he sells in a particular month. There
are no inventories of finished goods or work in process. However, Manny does require that an
inventory of direct raw materials equal to 10% of next month’s production requirement be
available at the end of each month. To build his business and gain new customers Manny has
extended generous credit terms to his customers. While Manny is confident about the
fundamentals of his business, he is concerned about the possible cash flow implications.
Manny’s clients drive a hard bargain because they can easily switch suppliers. They all do pay
eventually, but many of them take their time about doing so and Manny is reluctant to get tough
with them for fear they will take their business elsewhere. He tells you that all his sales are on
credit (no cash sales). He typically collects only 20% of sales in the month of the sale, 40% of
sales in the month after the sale and 40% of sales two months later (for example 20% of August
sales are collected in August, 40% in September and 40% in October). On the other hand he pays
for 70% of his materials purchases in the month of the purchase and only 30% in the month after.
Costs of labor and overhead other than depreciation property taxes and insurance are paid in the
same month they are incurred. Property taxes for 3 months will be paid in October. Monthly
fixed selling and administrative costs, other than interest, amount to $41,000, of which $10,000
is depreciation. These operating costs, excepting depreciation, are paid in cash in the month
incurred. There are no variable selling or administrative costs. Manny has large tax loss carry
forwards from a previous unsuccessful business venture. Therefore he does not expect to pay any
income taxes this year. (In other words you may ignore income taxes).
Sales revenues in August were $315,000 and in September are expected to be $325,500.
Purchases in September total $92,480. The budgeted selling price of valves for October,
November, and December is $21 per valve. Because of ma ...
Week 3 DQsLIFO vs. FIFOThe controller of Sagehen Enterprises.docxmelbruce90096
Week 3 DQs
LIFO vs. FIFO
The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method. The controller’s bonus is based on the next income. It is the controller’s belief that the switch in inventory methods would increase the net income of the company. What are the differences between the LIFO and FIFO methods?
Depreciation
A variety of depreciation methods are used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset. Your client has just purchased a piece of equipment for $100,000. Explain the concept of depreciation. Which of the following depreciation methods would you recommend: straight-line depreciation, double declining balance method, or an alternative method?
Assignment
1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.
Painting
Cost
1/2 Beginning inventory
Woods
$21,000
4/19 Purchase
Sunset
21,800
6/7 Purchase
Earth
31,200
12/16 Purchase
Moon
4,000
Woods and Moon were sold during the year for a total of $35,000. Determine the firm’s
a. cost of goods sold.
b. gross profit.
c. ending inventory.
2. Inventory valuation methods: basic computations. The January beginning inventory of the White Company consisted of 300 units costing $40 each. During the first quarter, the company purchased two batches of goods: 700 Units at $44 on February 21 and 800 units at $50 on March 28. Sales during the first quarter were 1,400 units at $75 per unit. The White Company uses a periodic inventory system. Using the White Company data, fill in the following chart to compare the results obtained under the FIFO, LIFO, and weighted-average inventory methods.
FIFO
LIFO
Weighted Average
Goods available for sale
$
$
$
Ending inventory, March 31
Cost of goods sold
3. Perpetual inventory system: journal entries. At the beginning of 20X3, Beehler Company implemented a computerized perpetual inventory system. The first transactions that occurred during 20X3 follow:
· 1/2/20X3 Purchases on account: 500 units @ $6 = $3,000
· 1/15/20X3 Sales on account: 300 units @ $8.50 = $2,550
· 1/20/20X3 Purchases on Account: 200 units @ 5 = $1,000
· 1/25/20X3 Sales on Account: 300 units @ $8.50 = $2,550
The company president examined the computer-generated journal entries for these transactions and was confused by the absence of a Purchases account.
a. Duplicate the journal entries that would have appeared on the computer printout under FIFO & LIFO
b. Calculate the balance in the firm’s Inventory account under each method.
c. Briefly explain the absence of the Purchases account to the company president.
4. Inventory valuation methods: computations and concepts.
Wild Riders Surfboard Company began business on January 1 of the current y.
1.value10.00 points The following data relate to the operatio.docxfredellsberry
1.value:
10.00 points
The following data relate to the operations of Picanuy Corporation, a wholesale distributor of consumer goods:
Current assets as of December 31:
Cash $ 6,000
Accounts receivable $ 36,000
Inventory $ 9,800
Buildings and equipment, net $ 110,885
Accounts payable $ 32,550
Capital stock $ 100,000
Retained earnings $ 30,135
a. The gross margin is 30% of sales. (In other words, cost of goods sold is 70% of sales.)
b. Actual and budgeted sales data are as follows:
December (actual) $ 60,000
January $ 70,000
February $ 80,000
March $ 85,000
April $ 55,000
c.
Sales are 40% for cash and 60% on credit. Credit sales are collected in the month following sale. The accounts receivable at December 31 are the result of December credit sales.
d. Each month’s ending inventory should equal 20% of the following month’s budgeted cost of goods sold.
e.
One-quarter of a month’s inventory purchases is paid for in the month of purchase; the other three-quarters is paid for in the following month. The accounts payable at December 31 are the result of December purchases of inventory.
f.
Monthly expenses are as follows: commissions, $12,000; rent, $1,800; other expenses (excluding depreciation), 8% of sales. Assume that these expenses are paid monthly. Depreciation is $2,400 for the quarter and includes depreciation on new assets acquired during the quarter.
g. Equipment will be acquired for cash: $3,000 in January and $8,000 in February.
h.
Management would like to maintain a minimum cash balance of $5,000 at the end of each month. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $50,000. The interest rate on these loans is 1% per month, and for simplicity, we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter.
Required:
Using the data above:
1. Complete the following schedule.
Schedule of Expected Cash Collections
January February March Quarter - Total
Cash sales $ 28,000 $ $ $
Credit sales 36,000
Total collections $ 64,000 $ $ $
2.
Complete the following: (Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values.)
Merchandise Purchases Budget
January February March Quarter - Total
Budgeted cost of goods sold $ 49,000 * $ $ $
Add desired ending inventory 11,200 †
Total needs 60,200
Less beginning inventory 9,800
Required purchases $ 50,400 $ $ $
*$70,000 sales × 70% = $49,000.
†$80,000 × 70% × 20% = $11,200.
Schedule of Expected Cash Disbursements—Merchandise Purchases
January February Ma.
ACT 305 Module 6 Assignment Choice #1- Cost of ProductionJasonPrans
Hillyard Company prepares a quarterly master budget. The summary provides data on the company's account balances from the prior quarter, budgeted sales figures for the next four months, cost of goods sold and expense percentages, planned equipment purchases, and dividend payments. The assistant is asked to complete a schedule of expected cash collections, merchandise purchases budget, schedule of expected cash disbursements for purchases and expenses, and a cash budget for the first quarter using the provided data. The completed budgets must be organized in an Excel spreadsheet.
ABC Company has provided financial information for 2015 and details regarding projected sales, expenses, inventory, equipment purchases and potential projects for 2016. You are asked to:
1. Prepare the 2015 year-end balance sheet and budgets to allow for pro-forma financial statements for Q1 2016, including sales, purchases, expenses and cash budgets.
2. Calculate the NPV for three potential projects using Excel formulas and recommend the order in which ABC should pursue the projects based on your analysis. Justify your recommended order in the Excel document.
3. Submit your work as a single Excel file with the 2015 balance sheet, 2016 budgets, project NPV calculations and recommended project order analysis.
1. The document summarizes key concepts related to accounting for sales revenue, receivables, and cash including revenue recognition principles, credit card sales, sales discounts, sales returns and allowances, bad debts, and cash controls.
2. It also discusses calculating ratios like gross profit percentage, receivables turnover, average collection period, and preparing bank reconciliations.
3. Examples are provided of journal entries for credit card sales, sales discounts, sales returns, estimating bad debts expense, and reconciling cash accounts.
1. Bombs Away Video Games Corporation has forecasted the followi.docxjackiewalcutt
1.
Bombs Away Video Games Corporation has forecasted the following monthly sales:
January
$
98,000
July
$
43,000
February
91,000
August
43,000
March
23,000
September
53,000
April
23,000
October
83,000
May
18,000
November
103,000
June
33,000
December
121,000
Total annual sales = $732,000
Bombs Away Video Games Corporation
Production and inventory schedule in units
Beginning
inventory
+
Production
–
Sales
=
Ending
inventory
January
23,000
February
March
April
May
June
July
August
September
October
November
December
Bombs Away Video Games sells the popular Strafe and Capture video game. It sells for $5 per unit and costs $2 per unit to produce. A level production policy is followed. Each month's production is equal to annual sales (in units) divided by 12.
Of each month's sales, 40 percent are for cash and 60 percent are on account. All accounts receivable are collected in the month after the sale is made.
a.
Construct a monthly production and inventory schedule in units. Beginning inventory in January is 23,000 units.
b.
Prepare a monthly schedule of cash receipts. Sales in December before the planning year are $100,000.
Bombs Away Video Games Corporation
Cash Receipts Schedule
January
February
March
April
May
June
Sales
$
$
$
$
$
$
Cash receipts:
Cash sales
$
$
$
$
$
$
Prior month's credit sales
Total cash receipts
$
$
$
$
$
$
Bombs Away Video Games Corporation
Cash Receipts Schedule
July
August
September
October
November
December
Sales
$
$
$
$
$
$
Cash receipts:
Cash sales
$
$
$
$
$
$
Prior month's credit sales
Total cash receipts
$
$
$
$
$
$
Prepare a cash payments schedule for January through December. The production costs of $2 per unit are paid for in the month in which they occur. Other cash payments, besides those for production costs, are $43,000 per month.
Bombs Away Video Games Corporation
Cash Payments Schedule
Constant production
January
February
March
April
May
June
Production cost
$
$
$
$
$
$
Other cash payments
Total cash payments
$
$
$
$
$
$
Bombs Away Video Games Corporation
Cash Payments Schedule
Constant production
July
August
September
October
November
December
Production cost
$
$
$
$
$
$
Other cash payments
Total cash payments
$
$
$
$
$
$
2.
Guardian Inc. is trying to develop an asset-financing plan. The firm has $400,000 in temporary current assets and $300,000 in permanent current assets. Guardian also has $500,000 in fixed assets. Assume a tax rate of 25 percent. (Do not ...
This document provides information and homework assignments for the BUSN 5200 Managerial Finance Complete Class. It includes homework for weeks 1 through 8 covering topics like the field of finance, accounting, ratio analysis, time value of money, capital budgeting, and more. Students are asked to complete assignments involving calculations, preparing financial statements and graphs, and answering conceptual questions. The document also provides information on how to purchase the complete tutorial for this class and contact details for the tutorial provider.
REQUIRED This project is worth 25 points. It is an opportunit.docxdebishakespeare
REQUIRED: This project is worth 25 points. It is an opportunity to put together some of the
things you have learned in different parts of this course. Read the case and answer the
requirements below. To receive credit you must show your calculations and write full answers
using one side of a page for each requirement (1-5). We must ask you to handwrite your answers.
Hand your project in to the accounting lab 133MH during lab hours on or before Thursday
November 15 at 6 PM.
1) YOUR NAME ________________________________________________
2) YOUR PEOPLESOFT ID ____________________________________________
3) YOUR INSTRUCTOR’S NAME _____________________________
4) YOUR RECEIPT NUMBER _______________(lab assistants will give you this)
CASE
Manny Fold owns a factory that specializes in making titanium valves for high performance
engines on a just in time basis. Thus, Manny produces what he sells in a particular month. There
are no inventories of finished goods or work in process. However, Manny does require that an
inventory of direct raw materials equal to 10% of next month’s production requirement be
available at the end of each month. To build his business and gain new customers Manny has
extended generous credit terms to his customers. While Manny is confident about the
fundamentals of his business, he is concerned about the possible cash flow implications.
Manny’s clients drive a hard bargain because they can easily switch suppliers. They all do pay
eventually, but many of them take their time about doing so and Manny is reluctant to get tough
with them for fear they will take their business elsewhere. He tells you that all his sales are on
credit (no cash sales). He typically collects only 20% of sales in the month of the sale, 40% of
sales in the month after the sale and 40% of sales two months later (for example 20% of August
sales are collected in August, 40% in September and 40% in October). On the other hand he pays
for 70% of his materials purchases in the month of the purchase and only 30% in the month after.
Costs of labor and overhead other than depreciation property taxes and insurance are paid in the
same month they are incurred. Property taxes for 3 months will be paid in October. Monthly
fixed selling and administrative costs, other than interest, amount to $41,000, of which $10,000
is depreciation. These operating costs, excepting depreciation, are paid in cash in the month
incurred. There are no variable selling or administrative costs. Manny has large tax loss carry
forwards from a previous unsuccessful business venture. Therefore he does not expect to pay any
income taxes this year. (In other words you may ignore income taxes).
Sales revenues in August were $315,000 and in September are expected to be $325,500.
Purchases in September total $92,480. The budgeted selling price of valves for October,
November, and December is $21 per valve. Because of ma ...
Week 3 DQsLIFO vs. FIFOThe controller of Sagehen Enterprises.docxmelbruce90096
Week 3 DQs
LIFO vs. FIFO
The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method. The controller’s bonus is based on the next income. It is the controller’s belief that the switch in inventory methods would increase the net income of the company. What are the differences between the LIFO and FIFO methods?
Depreciation
A variety of depreciation methods are used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset. Your client has just purchased a piece of equipment for $100,000. Explain the concept of depreciation. Which of the following depreciation methods would you recommend: straight-line depreciation, double declining balance method, or an alternative method?
Assignment
1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.
Painting
Cost
1/2 Beginning inventory
Woods
$21,000
4/19 Purchase
Sunset
21,800
6/7 Purchase
Earth
31,200
12/16 Purchase
Moon
4,000
Woods and Moon were sold during the year for a total of $35,000. Determine the firm’s
a. cost of goods sold.
b. gross profit.
c. ending inventory.
2. Inventory valuation methods: basic computations. The January beginning inventory of the White Company consisted of 300 units costing $40 each. During the first quarter, the company purchased two batches of goods: 700 Units at $44 on February 21 and 800 units at $50 on March 28. Sales during the first quarter were 1,400 units at $75 per unit. The White Company uses a periodic inventory system. Using the White Company data, fill in the following chart to compare the results obtained under the FIFO, LIFO, and weighted-average inventory methods.
FIFO
LIFO
Weighted Average
Goods available for sale
$
$
$
Ending inventory, March 31
Cost of goods sold
3. Perpetual inventory system: journal entries. At the beginning of 20X3, Beehler Company implemented a computerized perpetual inventory system. The first transactions that occurred during 20X3 follow:
· 1/2/20X3 Purchases on account: 500 units @ $6 = $3,000
· 1/15/20X3 Sales on account: 300 units @ $8.50 = $2,550
· 1/20/20X3 Purchases on Account: 200 units @ 5 = $1,000
· 1/25/20X3 Sales on Account: 300 units @ $8.50 = $2,550
The company president examined the computer-generated journal entries for these transactions and was confused by the absence of a Purchases account.
a. Duplicate the journal entries that would have appeared on the computer printout under FIFO & LIFO
b. Calculate the balance in the firm’s Inventory account under each method.
c. Briefly explain the absence of the Purchases account to the company president.
4. Inventory valuation methods: computations and concepts.
Wild Riders Surfboard Company began business on January 1 of the current y.
briefly summarize how the Electoral College works. Explain some of t.docxjackiewalcutt
briefly summarize how the Electoral College works. Explain some of the main pros and cons in the debate about whether to keep or abolish the current Electoral College process. Also explain one proposal to change how the system works without formally abolishing it. Evaluate the various arguments and the proposal. Include at least two perspectives in your assessment:
Your judgment about the relevance of the Electoral College's underlying rationale to contemporary America.
Your judgment about its impact on presidential leadership capacity.
.
Briefly summarize and analyze two primary sources, identifying their.docxjackiewalcutt
Briefly summarize and analyze two primary sources, identifying their intended audience, purpose, context in which they were produced (what was happening at the time), and their overall historical significance (why it is important). Once you have analyzed the documents, discuss how they relate to each other. For example, do they reveal different perspectives or change over time?
The purpose of this is to go deep into a piece of material and engage with the historians’ craft of how to interpret pieces of the past. This is not a right/wrong type of paper. This is your interpretation based on what you know. The paper needs to have a strong thesis statement supported by quotes from the primary source with a conclusion that sums it up.
The paper should be 2 – 3 pages
PRIMARY SOURCES:
Hunter-Gatherer and Agricultural Societies
Hunting and Warfare - Cave Paintings
Çatal Hüyük City Plan
Code of Hammurabi
Greece
Herodotus: On the Kings of Sparta
Accounts of the Hellenic Games
Plato: The Republic
Rome
The Roman Way of Declaring War
The 12 Tables
Strabo: The Grandeur of Rome
Late Antiquity and the Emergence of Islam
Sidonius Apollinaris: A Civilized Barbarian and Barbarian Roman
The Prophet Muhammad's Last Sermon
The Qu'ran 1, 47
Feudalism
Pope Gregory the Great: Succession to Tenant Holdings on Church Land
Æthelwulf, King of Wessex: Grant of a Tenth of Public Land
Canute the Great: The Granting of Fiefs
The Crusades
Gregory VII: Call for a Crusade [First Crusade]
Eugene III: Summons for a Crusade [Second Crusade]
The Decline of Christian Power in the Holy Land
Richard the Lion-Hearted Conquers Cypress
The Middle Ages
Gregory of Tours: The Harsh Treatment of Serfs and Slaves
Geoffrey Chaucer, The Canterbury Tales: The Prologue to the Wife of Bath's Tale
The Renaissance and Discovery
Niccolo Machiavelli: The Prince [excerpts]
The Book of the Courtier [Excerpt]
The Life of Leonardo da Vinci
Christopher Columbus: Extracts from Journal
Sir Francis Drake's Famous Voyage Around the World
.
Briefly respond to the following questions. Use facts and examples t.docxjackiewalcutt
Briefly respond to the following questions. Use facts and examples to support your answers. Use APA style for any references.
1. When should the architect begin the analysis?
2. What are the activities the architect must execute?
3. What is the set of knowledge domains applied to the analysis?
4. What are the tips and tricks that make security architecture risk assessment easier?
.
Briefly in your own words describe the distinction between explicit .docxjackiewalcutt
Briefly in your own words describe the distinction between explicit knowledge and implicit (tacit) knowledge. Next describe the knowledge network cycle that transforms individual knowledge into organizational knowledge. Be sure to identify any key transformations within your response.
Discuss two (2) fundamental challenges of data storage and information sharing associated with a company’s knowledge management system. Next hypothesize how one would overcome the problem of “not knowing what you know.” Provide support for your response.
.
Briefly explain Victoria Australia Covid19 update and impact.docxjackiewalcutt
Briefly explain
Victoria Australia Covid19 update and impact on business in general and the impact on Real Estate
in an email and also rephrase and make the below content which i have written to sound more negative. It is a letter to owner.
.
Briefly introduce the détente policies of the early 1970s, and des.docxjackiewalcutt
Briefly introduce the détente policies of the early 1970s, and describe how they positively or negatively impacted Western politics and society.
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Levack, B., Muir, E., & Veldman, M., (2011).
The West: Vol. 2. Encounters & transformations: Since 1550
(3
rd
ed., pp. 928-934). Upper Saddle River, NJ: Pearson Education, Inc.
No Wiki, Dictionary.com or Plagiarism
.
Briefly explain the role of information systems in an organization.docxjackiewalcutt
Briefly explain the role of information systems in an organization.
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Kroenke, D. (2013). The Importance of MIS.
Using MIS
(pp. 8-10, 11-13). Upper Saddle River: Pearson Learning
Solution
s. (Original work published 2007)
.
briefly describe, in 2-3 pages, the problemissue and the proble.docxjackiewalcutt
briefly describe, in 2-3 pages, the problem/issue and the problem statement you developed.
Identify the major contributors to the problem (who, what) and briefly explain how they contribute to/cause the problem.
Explain at least two causes of the problem.
Explain at least two effects of the problem.
.
Briefly explain the mission of the OSH Act. What is the rationale be.docxjackiewalcutt
Briefly explain the mission of the OSH Act. What is the rationale behind the Act?
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
.
Briefly discuss the various organizational approaches to managing .docxjackiewalcutt
Briefly discuss the various organizational approaches to managing ethics within an IS?
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Kroenke, D. (2013
). The Importance of MIS. Using MIS
(pp. 394-395, 426-427). Upper Saddle River: Pearson Learning
Solution
s.
No Wiki, Dictionary.com or Plagiarism
.
Briefly explain the identified security issues during Risk Assessmen.docxjackiewalcutt
Briefly explain the identified security issues during Risk Assessment.
Executive summary on Risk treatment and Risk control.
Provide a mitigation policy and plans with the intent of successfully treating the risks that were discovered during risk assessment.
Provide a risk monitoring and risk reviewing plan under risk control
.
Briefly discuss some KSAs for Fighting Cybercrime and submit in a wo.docxjackiewalcutt
Briefly discuss some KSAs for Fighting Cybercrime and submit in a word document.
· Be careful. Make sure to avoid plagiarism and to use quotation marks and proper citation as required.
· Use APA format for citations and the required References page. Remember that the significant portion of your analysis should be in your own words (avoid using blogs or Wikipedia).
.
Briefly describe what a monopoly is and give an example using the ch.docxjackiewalcutt
Briefly describe what a monopoly is and give an example using the characteristics of monopoly. State what are the barriers for entry that market. How does the monopoly maximises profit and what is the role of the government? Analyse and evaluate an example of natural monopoly in Oman.
.
Briefly describe the spread of industry throughout Europe and into.docxjackiewalcutt
Briefly describe the spread of industry throughout Europe and into America.
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Levack, B. P., Muir, E., & Veldman, M. (2011). 18.
The West: encounters & transformations
(3rd ed., pp.). Boston: Longman.
No Wiki, Dictionary.com or Plagiarism
.
Briefly describe the path of food through the digestive system and e.docxjackiewalcutt
Briefly describe the path of food through the digestive system and explain each organ’s role in the digestive process. Research two digestive dysfunctions that can occur and discuss how each of them could impact a person’s health.
*This question is a minimum of 200 words and at least one cited source. It is due by Midnight December the 28th.*
.
Briefly describe the different parenting styles discussed in this we.docxjackiewalcutt
Briefly describe the different parenting styles discussed in this week’s readings. How could they impact a child’s cognitive and social development? Select two parental characters in TV or movie media (e.g., movies, situation comedies, TV dramas) and identify the styles that the characters who are acting in the roles of the parents are applying to the characters who are acting in the roles of children. Each of your characters should demonstrate a different parenting style—do not discuss two characters demonstrating the same style. What do the readings say about the effects of these parenting styles on cognitive and social development? In what ways are the behaviors of the children consistent with the information in the readings and in what ways are the children’s behaviors different?
.
Briefly describe how the BIOS boots or starts the computer and.docxjackiewalcutt
Briefly describe how the BIOS boots or starts the computer and the operating system.
Describe utilities that are on your Windows OS under System Information, Task Manager, and Resource Monitor.
Provide a screenshot of the Performance and Overview tabs of your computer.
(If you feel that a screenshot shows too much personal information, you can choose another tab or decline this part of the assignment.)
.
Briefly describe how to deploy a Continuous Improvement effort.W.docxjackiewalcutt
Briefly describe how to deploy a Continuous Improvement effort.
What Continuous Improvement Is (and How to Use It)
Ben Mulholland
April 6, 2018
Business Processes, Processes, Productivity
No process is perfect; there’s always room to improve. Unfortunately, many teams have no way to identify, test, and deploy the changes they make, meaning each tweak is a roll of the dice.
The savings can be massive, but you need a continuous improvement program to make sure that the changes you make won’t make your operations a whole lot harder.
“1 in 10 improvements save money… [each saving, on average,] $31,043 in its first year of implementation.
1 in 4 improvements save time… [each saving, on average,] 270 hours in its first year of implementation.” – KaiNexus, The ROI of Continuous Improvement
Most successful changes will also make your employee’s jobs easier (or more pleasant) to perform. You’ll be saving time and money, but you’ll also be getting far better value out of your current efforts and operations.
However, I’m getting ahead of myself. Let’s start from the top.What is continuous improvement?
Ever corrected a spelling mistake in your processes or manuals? How about adding a new step to qualify a task that wasn’t recorded before? What about updating your method to take advantage of better tools or software?
All of these and more are examples of continuous improvement.
Continuous improvement is a method to make sure that your processes, methods, and practices are as efficient, accurate, and effective as possible. This is done (surprise, surprise) by periodically examining and improving your processes to smash bottlenecks, use the best software, and take advantage of the most efficient methods.
If you’ve ever heard of lean, kaizen, Six Sigma, or DMAIC then this will sound familiar, as continuous improvement is based on similar principles and forms a key part of both of those practices. This is because the primary objective of any changes is to reduce waste and streamline your work.
While there are many different methods for achieving continuous improvement (such as process innovation and the Deming cycle), all can be classified into one of two groups; incremental or breakthrough improvements.
Incremental vs breakthrough improvements
Continuous improvement is largely practiced using two disciplines; incremental and breakthrough improvements. These can be used interchangeably, but the best way to deploy a thorough continuous improvement program is to combine the two. By doing this you can quickly deal with smaller issues while giving larger items the care and attention they deserve.Incremental continuous improvement
Incremental continuous improvement is all about making small tweaks to a process, method, or practice to improve it as problems are found. This usually costs less and can be done much faster than using the breakthrough method, but there are a few risks and downsides to doing so.
Imagine that you’re working through a regular document.
briefly define democracy and evaluate in detail THREE of.docxjackiewalcutt
briefly define
democracy
and evaluate in detail
THREE
of the items from the list below that you feel has the greatest impact on advancing democracy in the United States. (Provide examples to support your answer)
¨ Bill of Rights
¨ 1st Amendment rights
¨ Civil War Amendments
¨ Gender Equality
¨ Right of Privacy
¨ Three branches of government
¨ Civil rights cases
¨ Civil liberties cases
¨ Political parties
¨ 14th Amendment due process protections
¨ Interest groups
From the list above, select
ONE
item that you feel has hindered the advancement of democracy? Provide examples to support your response. In your conclusion, considering your answer to the first question, explain your role in ensuring an effective democracy? Elaborate your response by describing three things you plan to do to ensure democracy.
.
Briefly define, listcontrast, identify the significance of, or .docxjackiewalcutt
Briefly define, list/contrast, identify the significance of, or describe the following items.
Use two (2) different sources to answer the following business terms.
Use your
BUSN 11
textbook
and one other
Internet source
as needed.
Form Attached
.
This presentation was provided by Racquel Jemison, Ph.D., Christina MacLaughlin, Ph.D., and Paulomi Majumder. Ph.D., all of the American Chemical Society, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
briefly summarize how the Electoral College works. Explain some of t.docxjackiewalcutt
briefly summarize how the Electoral College works. Explain some of the main pros and cons in the debate about whether to keep or abolish the current Electoral College process. Also explain one proposal to change how the system works without formally abolishing it. Evaluate the various arguments and the proposal. Include at least two perspectives in your assessment:
Your judgment about the relevance of the Electoral College's underlying rationale to contemporary America.
Your judgment about its impact on presidential leadership capacity.
.
Briefly summarize and analyze two primary sources, identifying their.docxjackiewalcutt
Briefly summarize and analyze two primary sources, identifying their intended audience, purpose, context in which they were produced (what was happening at the time), and their overall historical significance (why it is important). Once you have analyzed the documents, discuss how they relate to each other. For example, do they reveal different perspectives or change over time?
The purpose of this is to go deep into a piece of material and engage with the historians’ craft of how to interpret pieces of the past. This is not a right/wrong type of paper. This is your interpretation based on what you know. The paper needs to have a strong thesis statement supported by quotes from the primary source with a conclusion that sums it up.
The paper should be 2 – 3 pages
PRIMARY SOURCES:
Hunter-Gatherer and Agricultural Societies
Hunting and Warfare - Cave Paintings
Çatal Hüyük City Plan
Code of Hammurabi
Greece
Herodotus: On the Kings of Sparta
Accounts of the Hellenic Games
Plato: The Republic
Rome
The Roman Way of Declaring War
The 12 Tables
Strabo: The Grandeur of Rome
Late Antiquity and the Emergence of Islam
Sidonius Apollinaris: A Civilized Barbarian and Barbarian Roman
The Prophet Muhammad's Last Sermon
The Qu'ran 1, 47
Feudalism
Pope Gregory the Great: Succession to Tenant Holdings on Church Land
Æthelwulf, King of Wessex: Grant of a Tenth of Public Land
Canute the Great: The Granting of Fiefs
The Crusades
Gregory VII: Call for a Crusade [First Crusade]
Eugene III: Summons for a Crusade [Second Crusade]
The Decline of Christian Power in the Holy Land
Richard the Lion-Hearted Conquers Cypress
The Middle Ages
Gregory of Tours: The Harsh Treatment of Serfs and Slaves
Geoffrey Chaucer, The Canterbury Tales: The Prologue to the Wife of Bath's Tale
The Renaissance and Discovery
Niccolo Machiavelli: The Prince [excerpts]
The Book of the Courtier [Excerpt]
The Life of Leonardo da Vinci
Christopher Columbus: Extracts from Journal
Sir Francis Drake's Famous Voyage Around the World
.
Briefly respond to the following questions. Use facts and examples t.docxjackiewalcutt
Briefly respond to the following questions. Use facts and examples to support your answers. Use APA style for any references.
1. When should the architect begin the analysis?
2. What are the activities the architect must execute?
3. What is the set of knowledge domains applied to the analysis?
4. What are the tips and tricks that make security architecture risk assessment easier?
.
Briefly in your own words describe the distinction between explicit .docxjackiewalcutt
Briefly in your own words describe the distinction between explicit knowledge and implicit (tacit) knowledge. Next describe the knowledge network cycle that transforms individual knowledge into organizational knowledge. Be sure to identify any key transformations within your response.
Discuss two (2) fundamental challenges of data storage and information sharing associated with a company’s knowledge management system. Next hypothesize how one would overcome the problem of “not knowing what you know.” Provide support for your response.
.
Briefly explain Victoria Australia Covid19 update and impact.docxjackiewalcutt
Briefly explain
Victoria Australia Covid19 update and impact on business in general and the impact on Real Estate
in an email and also rephrase and make the below content which i have written to sound more negative. It is a letter to owner.
.
Briefly introduce the détente policies of the early 1970s, and des.docxjackiewalcutt
Briefly introduce the détente policies of the early 1970s, and describe how they positively or negatively impacted Western politics and society.
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Levack, B., Muir, E., & Veldman, M., (2011).
The West: Vol. 2. Encounters & transformations: Since 1550
(3
rd
ed., pp. 928-934). Upper Saddle River, NJ: Pearson Education, Inc.
No Wiki, Dictionary.com or Plagiarism
.
Briefly explain the role of information systems in an organization.docxjackiewalcutt
Briefly explain the role of information systems in an organization.
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Kroenke, D. (2013). The Importance of MIS.
Using MIS
(pp. 8-10, 11-13). Upper Saddle River: Pearson Learning
Solution
s. (Original work published 2007)
.
briefly describe, in 2-3 pages, the problemissue and the proble.docxjackiewalcutt
briefly describe, in 2-3 pages, the problem/issue and the problem statement you developed.
Identify the major contributors to the problem (who, what) and briefly explain how they contribute to/cause the problem.
Explain at least two causes of the problem.
Explain at least two effects of the problem.
.
Briefly explain the mission of the OSH Act. What is the rationale be.docxjackiewalcutt
Briefly explain the mission of the OSH Act. What is the rationale behind the Act?
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
.
Briefly discuss the various organizational approaches to managing .docxjackiewalcutt
Briefly discuss the various organizational approaches to managing ethics within an IS?
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Kroenke, D. (2013
). The Importance of MIS. Using MIS
(pp. 394-395, 426-427). Upper Saddle River: Pearson Learning
Solution
s.
No Wiki, Dictionary.com or Plagiarism
.
Briefly explain the identified security issues during Risk Assessmen.docxjackiewalcutt
Briefly explain the identified security issues during Risk Assessment.
Executive summary on Risk treatment and Risk control.
Provide a mitigation policy and plans with the intent of successfully treating the risks that were discovered during risk assessment.
Provide a risk monitoring and risk reviewing plan under risk control
.
Briefly discuss some KSAs for Fighting Cybercrime and submit in a wo.docxjackiewalcutt
Briefly discuss some KSAs for Fighting Cybercrime and submit in a word document.
· Be careful. Make sure to avoid plagiarism and to use quotation marks and proper citation as required.
· Use APA format for citations and the required References page. Remember that the significant portion of your analysis should be in your own words (avoid using blogs or Wikipedia).
.
Briefly describe what a monopoly is and give an example using the ch.docxjackiewalcutt
Briefly describe what a monopoly is and give an example using the characteristics of monopoly. State what are the barriers for entry that market. How does the monopoly maximises profit and what is the role of the government? Analyse and evaluate an example of natural monopoly in Oman.
.
Briefly describe the spread of industry throughout Europe and into.docxjackiewalcutt
Briefly describe the spread of industry throughout Europe and into America.
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Levack, B. P., Muir, E., & Veldman, M. (2011). 18.
The West: encounters & transformations
(3rd ed., pp.). Boston: Longman.
No Wiki, Dictionary.com or Plagiarism
.
Briefly describe the path of food through the digestive system and e.docxjackiewalcutt
Briefly describe the path of food through the digestive system and explain each organ’s role in the digestive process. Research two digestive dysfunctions that can occur and discuss how each of them could impact a person’s health.
*This question is a minimum of 200 words and at least one cited source. It is due by Midnight December the 28th.*
.
Briefly describe the different parenting styles discussed in this we.docxjackiewalcutt
Briefly describe the different parenting styles discussed in this week’s readings. How could they impact a child’s cognitive and social development? Select two parental characters in TV or movie media (e.g., movies, situation comedies, TV dramas) and identify the styles that the characters who are acting in the roles of the parents are applying to the characters who are acting in the roles of children. Each of your characters should demonstrate a different parenting style—do not discuss two characters demonstrating the same style. What do the readings say about the effects of these parenting styles on cognitive and social development? In what ways are the behaviors of the children consistent with the information in the readings and in what ways are the children’s behaviors different?
.
Briefly describe how the BIOS boots or starts the computer and.docxjackiewalcutt
Briefly describe how the BIOS boots or starts the computer and the operating system.
Describe utilities that are on your Windows OS under System Information, Task Manager, and Resource Monitor.
Provide a screenshot of the Performance and Overview tabs of your computer.
(If you feel that a screenshot shows too much personal information, you can choose another tab or decline this part of the assignment.)
.
Briefly describe how to deploy a Continuous Improvement effort.W.docxjackiewalcutt
Briefly describe how to deploy a Continuous Improvement effort.
What Continuous Improvement Is (and How to Use It)
Ben Mulholland
April 6, 2018
Business Processes, Processes, Productivity
No process is perfect; there’s always room to improve. Unfortunately, many teams have no way to identify, test, and deploy the changes they make, meaning each tweak is a roll of the dice.
The savings can be massive, but you need a continuous improvement program to make sure that the changes you make won’t make your operations a whole lot harder.
“1 in 10 improvements save money… [each saving, on average,] $31,043 in its first year of implementation.
1 in 4 improvements save time… [each saving, on average,] 270 hours in its first year of implementation.” – KaiNexus, The ROI of Continuous Improvement
Most successful changes will also make your employee’s jobs easier (or more pleasant) to perform. You’ll be saving time and money, but you’ll also be getting far better value out of your current efforts and operations.
However, I’m getting ahead of myself. Let’s start from the top.What is continuous improvement?
Ever corrected a spelling mistake in your processes or manuals? How about adding a new step to qualify a task that wasn’t recorded before? What about updating your method to take advantage of better tools or software?
All of these and more are examples of continuous improvement.
Continuous improvement is a method to make sure that your processes, methods, and practices are as efficient, accurate, and effective as possible. This is done (surprise, surprise) by periodically examining and improving your processes to smash bottlenecks, use the best software, and take advantage of the most efficient methods.
If you’ve ever heard of lean, kaizen, Six Sigma, or DMAIC then this will sound familiar, as continuous improvement is based on similar principles and forms a key part of both of those practices. This is because the primary objective of any changes is to reduce waste and streamline your work.
While there are many different methods for achieving continuous improvement (such as process innovation and the Deming cycle), all can be classified into one of two groups; incremental or breakthrough improvements.
Incremental vs breakthrough improvements
Continuous improvement is largely practiced using two disciplines; incremental and breakthrough improvements. These can be used interchangeably, but the best way to deploy a thorough continuous improvement program is to combine the two. By doing this you can quickly deal with smaller issues while giving larger items the care and attention they deserve.Incremental continuous improvement
Incremental continuous improvement is all about making small tweaks to a process, method, or practice to improve it as problems are found. This usually costs less and can be done much faster than using the breakthrough method, but there are a few risks and downsides to doing so.
Imagine that you’re working through a regular document.
briefly define democracy and evaluate in detail THREE of.docxjackiewalcutt
briefly define
democracy
and evaluate in detail
THREE
of the items from the list below that you feel has the greatest impact on advancing democracy in the United States. (Provide examples to support your answer)
¨ Bill of Rights
¨ 1st Amendment rights
¨ Civil War Amendments
¨ Gender Equality
¨ Right of Privacy
¨ Three branches of government
¨ Civil rights cases
¨ Civil liberties cases
¨ Political parties
¨ 14th Amendment due process protections
¨ Interest groups
From the list above, select
ONE
item that you feel has hindered the advancement of democracy? Provide examples to support your response. In your conclusion, considering your answer to the first question, explain your role in ensuring an effective democracy? Elaborate your response by describing three things you plan to do to ensure democracy.
.
Briefly define, listcontrast, identify the significance of, or .docxjackiewalcutt
Briefly define, list/contrast, identify the significance of, or describe the following items.
Use two (2) different sources to answer the following business terms.
Use your
BUSN 11
textbook
and one other
Internet source
as needed.
Form Attached
.
This presentation was provided by Racquel Jemison, Ph.D., Christina MacLaughlin, Ph.D., and Paulomi Majumder. Ph.D., all of the American Chemical Society, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...indexPub
The recent surge in pro-Palestine student activism has prompted significant responses from universities, ranging from negotiations and divestment commitments to increased transparency about investments in companies supporting the war on Gaza. This activism has led to the cessation of student encampments but also highlighted the substantial sacrifices made by students, including academic disruptions and personal risks. The primary drivers of these protests are poor university administration, lack of transparency, and inadequate communication between officials and students. This study examines the profound emotional, psychological, and professional impacts on students engaged in pro-Palestine protests, focusing on Generation Z's (Gen-Z) activism dynamics. This paper explores the significant sacrifices made by these students and even the professors supporting the pro-Palestine movement, with a focus on recent global movements. Through an in-depth analysis of printed and electronic media, the study examines the impacts of these sacrifices on the academic and personal lives of those involved. The paper highlights examples from various universities, demonstrating student activism's long-term and short-term effects, including disciplinary actions, social backlash, and career implications. The researchers also explore the broader implications of student sacrifices. The findings reveal that these sacrifices are driven by a profound commitment to justice and human rights, and are influenced by the increasing availability of information, peer interactions, and personal convictions. The study also discusses the broader implications of this activism, comparing it to historical precedents and assessing its potential to influence policy and public opinion. The emotional and psychological toll on student activists is significant, but their sense of purpose and community support mitigates some of these challenges. However, the researchers call for acknowledging the broader Impact of these sacrifices on the future global movement of FreePalestine.
How Barcodes Can Be Leveraged Within Odoo 17Celine George
In this presentation, we will explore how barcodes can be leveraged within Odoo 17 to streamline our manufacturing processes. We will cover the configuration steps, how to utilize barcodes in different manufacturing scenarios, and the overall benefits of implementing this technology.
🔥🔥🔥🔥🔥🔥🔥🔥🔥
إضغ بين إيديكم من أقوى الملازم التي صممتها
ملزمة تشريح الجهاز الهيكلي (نظري 3)
💀💀💀💀💀💀💀💀💀💀
تتميز هذهِ الملزمة بعِدة مُميزات :
1- مُترجمة ترجمة تُناسب جميع المستويات
2- تحتوي على 78 رسم توضيحي لكل كلمة موجودة بالملزمة (لكل كلمة !!!!)
#فهم_ماكو_درخ
3- دقة الكتابة والصور عالية جداً جداً جداً
4- هُنالك بعض المعلومات تم توضيحها بشكل تفصيلي جداً (تُعتبر لدى الطالب أو الطالبة بإنها معلومات مُبهمة ومع ذلك تم توضيح هذهِ المعلومات المُبهمة بشكل تفصيلي جداً
5- الملزمة تشرح نفسها ب نفسها بس تكلك تعال اقراني
6- تحتوي الملزمة في اول سلايد على خارطة تتضمن جميع تفرُعات معلومات الجهاز الهيكلي المذكورة في هذهِ الملزمة
واخيراً هذهِ الملزمة حلالٌ عليكم وإتمنى منكم إن تدعولي بالخير والصحة والعافية فقط
كل التوفيق زملائي وزميلاتي ، زميلكم محمد الذهبي 💊💊
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This presentation was provided by Rebecca Benner, Ph.D., of the American Society of Anesthesiologists, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
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In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
1. 1.
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VideoVideoVideoVideoVideoVideoVideoVideo
Cornerstone Exercise 9-30 (Algorithmic)
Preparing a Schedule of Cash Collections on Accounts
Receivable
Kailua and Company is a legal services firm. All sales of legal
services are billed to the client (there are no cash sales). Kailua
expects that, on average, 20 percent will be paid in the month of
billing, 50 percent will be paid in the month following billing,
and 25 percent will be paid in the second month following
billing. For the next five months, the following sales billings
are expected:
May
$ 84,000
June
100,800
July
77,000
August
87,600
September
90,000
Prepare a schedule showing the cash expected in payments on
accounts receivable in August and in September. If an amount is
zero, enter "0".
Kailua and Company Schedule
August
4. Total
$
$
2.
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VideoVideoVideoVideoVideoVideoVideoVideo
Cornerstone Exercise 9-31 (Algorithmic)
Preparing an Accounts Payable Schedule
Wight Inc. purchases raw materials on account for use in
production. The direct materials purchases budget shows the
following expected purchases on account:
April
$373,800
May
411,100
June
415,900
Wight typically pays 20 percent on account in the month of
billing and 80 percent the next month.
1. How much cash is required for payments on account in May?
$ _________________
2. How much cash is expected for payments on account in June?
$ _________________
5. 3.
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VideoVideoVideoVideoVideoVideoVideoVideo
Cornerstone Exercise 9-32 (Algorithmic)
Preparing a Cash Budget
La Famiglia Pizzeria provided the following information for the
month of October:
a. Sales are budgeted to be $156,000. About 85 percent of sales
are cash; the remainder are on account.
b. La Famiglia expects that, on average, 70 percent of credit
sales will be paid in the month of sale, and 28 percent will be
paid in the following month.
c. Food and supplies purchases, all on account, are expected to
be $119,000. La Famiglia pays 25 percent in the month of
purchase and 75 percent in the month following purchase.
d. Most of the work is done by the owners, who typically
withdraw $6,000 a month from the business as their salary. (The
$6,000 is a payment in total to the two owners, not per person.)
Various part-time workers cost $7,300 per month. They are paid
for their work weekly, so on average 90 percent of their wages
are paid in the month incurred and the remaining 10 percent in
the next month.
e. Utilities average $5,950 per month. Rent on the building is
$4,100 per month.
f. Insurance is paid quarterly; the next payment of $1,000 is due
in October.
g. September sales were $181,500 and purchases of food in
September equaled $130,000.
h. The cash balance on October 1 is $2,147.
If required, round your answers to the nearest dollar.
1. Calculate the cash receipts expected in October.
6. $ _________________
2. Calculate the cash needed in October to pay for food
purchases.
$ _________________
3. Prepare a cash budget for the month of October. If required,
round to the nearest dollar.
La Famiglia Pizzeria
Cash budget
For the month of October
Beginning balance
$
Cash receipts
Cash available
$
Less:
Payments for food purchases
8. 4.
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Exercise 9-42 (Algorithmic)
Schedule of Cash Collections on Accounts Receivable and Cash
Budget
Lopez Inc. found that about 25 percent of its sales during the
month were for cash.
Lopez has the following accounts receivable payment
experience:
Lopez's anticipated sales for the next few months are as
follows:
1a. Calculate credit sales for May.
$ _________________
1b. Calculate credit sales for June.
$ _________________
1c. Calculate credit sales for July.
$ _________________
1d. Calculate credit sales for August.
$ _________________
2. Prepare a schedule of cash receipts for July and August.
9. Lopez, Inc.
Schedule of Cash Receipts
For July and August
July
August
Cash sales
$
$
Payments on account:
From May credit sales:
$
x
%
From June credit sales:
11. %
From August credit sales:
$
x
%
Cash receipts
$
$
5.
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Exercise 9-43
Schedule of Cash Collections on Accounts Receivable and Cash
Budget
Fahrad Inc. sells all of its product on account. Fahrad has the
following accounts receivable payment experience:
12. To encourage payment in the month of sale, Fahrad gives a 2
percent cash discount. Fahrad's anticipated sales for the next
few months are as follows:
1. Prepare a schedule of cash receipts for July.
Fahrad, Inc.
Schedule of Cash Receipts
For July
Payments on account:
From May credit sales:
$
x
%
$
From June credit sales:
$
x
%
13. From July credit sales:
$
x
%
Less: July cash discount
$
x
%
Cash receipts
$
2. Prepare a schedule of cash receipts for August.
Fahrad Inc.
Schedule of Cash Receipts
14. For August
Payments on account:
From June credit sales:
$
x
%
$
From July credit sales:
$
x
%
$
From August credit sales:
$
x
%
15. Less: August cash discount
$
x
%
Cash receipts
$
6.
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Exercise 9-44
Cash Payments Schedule
Draper Company provided the following information relating to
cash payments:
a. Draper purchased direct materials on account in the following
amounts:
b. Draper pays 15 percent of accounts payable in the month of
purchase and the remaining 85 percent in the following month.
c. In July, direct labor cost was $34,500. August direct labor
cost was $36,700. The company finds that typically 90 percent
16. of direct labor cost is paid in cash during the month, with the
remainder paid in the following month.
d. August overhead amounted to $83,200, including $5,900 of
depreciation.
e. Draper had taken out a loan of $15,000 on May 1. Interest,
due with payment of principal, accrued at the rate of 9 percent
per year. The loan and all interest were repaid on August 31.
Prepare a schedule of cash payments for Draper Company for
the month of August.
Draper Company
Schedule of Cash Payments
For August
August
Payments on accounts payable:
From July purchases
$
x
%
$
From August purchases
18. Loan repayment
Cash payments
$
7.
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Exercise 9-45
Cash Budget
Links to learning objectives referenced by this question can be
accessed in the "Additional Resources" drop-down menu above.
The owner of a small mining supply company has requested a
cash budget for June. After examining the records of the
company, you find the following:
a. Cash balance on June 1 is $1,230.
b. Actual sales for April and May are as follows:
c. Credit sales are collected over a three-month period: 40
percent in the month of sale, 35 percent in the second month,
and 20 percent in the third month. The sales collected in the
third month are subject to a 2 percent late fee, which is paid by
those customers in addition to what they owe. The remaining
sales are uncollectible.
d. Inventory purchases average 65 percent of a month's total
sales. Of those purchases, 20 percent are paid for in the month
of purchase. The remaining 80 percent are paid for in the
following month.
19. e. Salaries and wages total $12,500 per month, including a
$4,500 salary paid to the owner.
f. Rent is $4,340 per month.
g. Taxes to be paid in June are $6,780.
The owner also tells you that he expects cash sales of $19,500
and credit sales of $52,000 for June. No minimum cash balance
is required. The owner of the company doesn't have access to
short-term loans.
1. Prepare a cash budget for June. Include supporting schedules
for cash collections and cash payments. Round calculations and
final answers to the nearest dollar.
Cash Budget
For June
Beginning cash balance
$
Collections:
Cash sales
Credit sales:
Current month
22. Rent
Taxes
Total cash needs
Cash Deficit
$
2. Did the business show a negative cash balance for June?
_________________
Supposing that the owner has no hope of establishing a line of
credit for the business, what recommendations would you give
the owner for dealing with a negative cash balance?
The input in the box below will not be graded, but may be
reviewed and considered by your instructor.
_________________
8.
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Problem 9-46
Cash Budget
Links to learning objectives referenced by this question can be
accessed in the "Additional Resources" drop-down menu above.
Morrissey Law Firm has found from past experience that 20
percent of its services are for cash. The remaining 80 percent
are on credit. An aging schedule for accounts receivable reveals
the following pattern:
a. Ten percent of fees on credit are paid in the month that
service is rendered.
b. Seventy percent of fees on credit are paid in the month
following legal service.
c. Seventeen percent of fees on credit are paid in the second
month following the legal service.
d. Three percent of fees on credit are never collected.
Fees (on credit) that have not been paid until the second month
following performance of the legal service are considered
overdue and are subject to a 3 percent late charge.
Morrissey has developed the following forecast of fees:
Prepare a schedule of cash receipts for August and September.
If no entry is required, leave the answer box blank (or answer
"0"). Round answers to the nearest dollar.
Morrissey Law Firm
Schedule of Anticipated Cash Receipts
For August and September
26. Date: April 1, 2013
Subject: Memo of Understanding – Research and readiness to
work in Warsaw, Poland
I have recently learned about my promotion to a general store
manager of Best Buy in Warsaw, Poland. Since I will have to
relocate in less than 3 months, I immediately began research of
the country and city that will be my home for the next 3 years.
Since it will be my first overseas assignment, I am fully aware
that my research is vital to my successful transition. According
to Mark Clouse’s article there are three keys to a successful
work-related move overseas. Following these steps is crucial to
establish a smooth transition.
The three keys are:
1. Establish the family foundation first.
2. Build credibility and openness from the start.
3. Get serious about compliance.
I also plan to research the following subjects to learn about
Poland:
· Culture
· Corporate culture
· Communication styles in business
· Non-verbal communication (gestures, facial expression, etc…)
· Appropriate business and non-business dress code
· Language
· Cuisine
· Family and social life
I will use the Internet and by finding related books and
periodicals in public libraries. I will contact Mr. Steve Cramer,
our business librarian. I will use Mark Clouse’s article.
I will start gathering my information immediately. I plan to
27. contact Mr. Cramer by Wednesday. The next step will be to
analyze and organize my information and have a draft ready on
Monday, April 8. After peer critiques to revise my draft, my
final research will be ready on Monday, April 22.
If you have any questions, feel free to contact me at 123-456-
7890 or by email [email protected]
JD
Memorandum
To: Ms. Glassander
From: X
Date: October 29, 2012
Subject: Expatriate Research: Denmark
After learning about my promotion to the position of Director of
Human Resources for Nestle in Denmark, I began my research
immediately. I have been able to locate various insights as to
what my life will be like once I relocate there with my family
and how I should adapt to Denmark’s business culture.
Workplace culture
The management style in Denmark is considered to be flat
management and informal. While most interactions throughout
the day are conducted with first names only, it is important to
use Herr (Mister), Fru (Misses), Froken (Miss) until invited to
use an informal name. Denmark is considered to be egalitarian,
with everyone equal despite title or gender. Team and group
work are common ways to conduct business. Because of being a
more egalitarian country, everything is open for discussion and
each point of view is considered. On average, 24% of
workplaces were found to have extensive joint decision-making
and negotiating processes. In Denmark is it 44%, respectively.
These are most of the differences between business procedures
in America versus Denmark. Danishnet.com includes a helpful
list of the business etiquette:
28. · Appointments are required and confirmed in writing
· Extremely punctual
· Shake hands with everyone before and after meeting. Maintain
eye contact and initiate handshake with women first
· Business cards are expected and exchanged
· Decisions are made after consulting everyone
· Communication is direct
Most of these are similar to the business procedures in America,
so it will not be difficult to adapt to business life in Denmark.
Understanding the key differences in work environment and
group-centeredness are important for my success in the new
post.
Working Conditions
The working conditions in Denmark make it a favorable
environment to work. Most companies have flexible schedules,
and the norm is that offices are empty by 4 pm. This verifies
Danes’ common trust in employees. There is also job mobility
within a company, especially for women. Other countries that
are less egalitarian do not offer such mobility. Although there is
job mobility and a high level of English-speaking population,
the ability to speak Danish will expand opportunities and help
integration into the society. Learning to speak Danish, the
primary language, is respected. Every newcomer holding a
residence permit has to the right to receive Danish courses for
three years (Danish Chamber of Commerce). Since I will be a
resident, I plan to utilize this opportunity to learn more of the
Danish language to become a respected member of this company
in Denmark.
Table 1 illustrates that the working conditions in Denmark are
satisfactory based on the study by The Journal of Socio-
Economics.
Table 1
29. Social Life and Family
There is a clear division between work and social life, where
colleagues do not often go out together after hours. However,
they do enjoy leisure time mainly with close friends and family
in their homes. This is what is called ‘Hygge’, which means
enjoying good company and the simple things in life. I have
learned that if I am to be invited over to a Danes’ house, I
should bring a gift, preferably wrapped in red paper, and that it
will be opened when it is received. Also, a few of the proper
public behaviors include being courteous to everyone and
talking in moderate tones. Knowing the eccentricities of these
cultural interactions can ensure that I do not offend a new
acquaintance. Being an expatriate, it is important to establish a
family foundation first, as noted by Clouse and Watkins in
Three Keys to Success. Having children of my own, I found it
interesting that childcare is affordable in Denmark due to the
number of two-family incomes. Being comfortable and happy
with my family in Denmark is important and I am reassured by
the research. There is a well-established work-life balance and
an overall sense of well-being in Denmark. Family and leisure
seem to be significant aspects of life, unlike the ‘workaholic’
mentality in America.
Quality of Life
Taxes and the cost of living in Denmark are high. However, the
standard of living is also high and the purchasing power of the
Krone, the nation’s money, is equitable to other European city
indexes. There is low income inequality and because of high
taxes, a functioning social welfare system is in place. The social
welfare system provides free quality healthcare and education to
Denmark’s residents. Denmark also has lower crime rates that
any other European city. Many expatriates have noted that all of
these factors make living in Denmark enjoyable and surprisingly
safe for their families. Having my family safe will help me
focus at work and work the most effectively. It also makes it
easier for my family and I to relocate overseas without having
30. doubts.
I have learned about many aspects of life in Denmark. I am glad
that I have researched it beforehand, because it is quite
different than what I have experienced here in America.
Denmark has been nominated by researchers and studies as the
‘happiest place on Earth’. I am now comfortable with moving
abroad knowing more about the business culture, which can help
me succeed in this new culture. My family is also reassured that
it is a safe, family-oriented country. Internet tools such as Kiss,
Bow, or Shake Hands could be a great resource to utilize on
daily basis while living abroad. I am very excited to begin this
journey to Denmark and continue to progress in this company.
Farvel!
Works Cited
Business Etiquette in Denmark. (2008). Retrieved from
Danishnet.com:
http://www.danishnet.com/info.php/business/meeting-etiquette-
38.html
Clouse, M., & Watkins, M. (2009, May). Three Keys to Getting
an Overseas Assignment Right. Retrieved from Managing
Yourself: https://blackboard.uncg.edu/bbcswebdav/pid-
2272146-dt-content-rid-5334881_2/courses/MGT-309-10-
FALL2012/Three%20Keys%20to%20Getting%20An%20Oversea
s%20Assignment%20Right.pdf
Danish Chamber of Commerce and Oxford Research. (n.d.).
Living and Working in Denmark. Retrieved from
http://expatindenmark.com/Documents/livingandworking_dk.pdf
Denmark. (2012, October 11). Retrieved from Kwintesstial:
http://www.kwintessential.co.uk/resources/global-
etiquette/denmark-country-profile.html
Oliu, W., Brusaw, C., & Alred, G. (2010). Writing International
Correspondence. In Writing that Works (p. 343). Boston:
Bedford/St. Martin's.
Terri, M., & Conway, W. A. (2006). Kiss, Bow, or Shake
Hands. Avon, MA : Adams Media.
31. Memorandum
To: Ms. Dianne BossLady
From: Student LastName
Date: April 12, 2012
Subject: [Type the document title]
After learning about my promotion to the position of Director of
the U.K. Compliance Office I learned I would have to relocate
to London. I immediately began research into the country and
city I would soon be calling home. I discovered that, while on
the surface it would appear to be an easy transition, there is a
lot to learn before I arrive. Comment by laptop: An
introduction includes why/purpose/thesis. It also includes
scope. It grabs the reader’s attention.
Success starts with a great introduction.
In his article Mark Clouse recommends a three step process for
those preparing to move overseas for work. I’ve researched the
corporate culture of the London offices as well as the social
culture; appropriate verbal and non-verbal communications,
personal conduct and etiquette, and corporate values.
Comment by laptop: Be sure to appropriately cite using
APA. Comment by laptop: These need to exactly match
your headings. They are the sub-topics within your
researchThree Keys to Success In London Comment by
laptop: Business writing uses more methods of delivery than
academic writing. Using graphics and pictures are great.
Following these steps will help to achieve a smooth transition.
32. Comment by Dianne Garrett: This is an example of
‘walking the little girl across the street..”
Establish Family Foundation
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Building Credibility and Openness
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Values
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33. Communication styles in Business
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lwanefolnwefowaienflawnefoNon-verbal communication
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klefhinsdvofiawfenlsdfnasdjkifawoeifnaldsvnkasonfdilawpoeifn
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Get Serious About Compliance
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lwanefolnwefowaienflawnefoConclusion
If you have any questions…..
Comment by laptop: The author of this report was creative
in using document title in the footer for emphasis
Works Cited
Baker, K. (2012, November ). Healthy Employees= Healthy
Business. Training Journal, 6-6.
Centre for Cultural Learning . (2012, March 28). Retrieved from
www.intercultures.gc.ca
Clouse, M. A., & Watkins, M. D. (2009). Three Keys to Getting
an Overseas Assignment Right. Harvard Business Review, 115-
119.
34. Kwintessential . (2012, March 27). Retrieved from
https://blackboard.uncg.edu/webapps/portal/frameset.jsp?tab_ta
b_group_id=_11_1&url=%2Fwebapps%2Fblackboard%2Fexecut
e%2Flauncher%3Ftype%3DCourse%26id%3D_134238_1%26url
%3D
Li, J. L., & Rothstein, ,. M. (2009, March 1). The Role Of
Social Networks On Expatriate Effectiveness . International
Journal of Business Research, 9(2), 94-108.
Terri, M., & Conway, W. A. (2006). Kiss, Bow, or Shake
Hands. Avon, MA : Adams Media.
Consider
Identify
Manage
Establish Family Foundation
35. Build Credibility
Get Serious about Compliance
UNC Greensboro |
3
hbr.org | October 2009 | Harvard Business Review 115
S
u
sa
n
n
a
V
ag
t
ASSUMING A NEW leadership role is hard even in the best of
cir-
cumstances: relationships are undefi ned, routines are unfamil-
36. iar, and expectations are oft en unclear. Now imagine yourself
heading up a new unit or project in a corporate and national
culture radically diff erent from your own. To strengthen their
CVs, many ambitious executives willingly learn new languages,
uproot their families, and puzzle over local laws and customs.
But an international management assignment can be a har-
rowing journey of sorts. Indeed, if they’ve never made an inter-
national move before, emerging leaders can fall into common
traps that severely stress their family bonds, negatively aff ect
their performance at work, damage their businesses, and even
derail their careers.
That’s what it was like for a leader we’ll call Oscar Barrow.
Six months into a new assignment in China, he had made
several serious missteps with employees, the plant he’d been
charged with turning around quickly was still struggling, and
his tough corporate-lawyer wife was in meltdown mode. What
happened?
Change Is Good – or Is It?
Oscar had worked for 10 years at a U.S.–based pharmaceuticals
fi rm, moving relatively quickly from an entry-level position in
manufacturing all the way up to a post as general manager in
one of the company’s biggest domestic plants. The next logical
step, he knew, was a trip overseas. That path would dovetail
with his wife’s decision to leave her job as a partner at a lead-
ing law fi rm to spend more time caring for their two toddlers.
The pharmaceuticals company boasted multiple operations in
China, and he eagerly anticipated the challenge of living and
Three Keys to Getting an
Overseas Assignment Right
How to tackle a management role in a new cultural and
regulatory environment
37. Managing Yourself
BY MARK ALAN CLOUSE
AND MICHAEL D. WATKINS
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116 Harvard Business Review | October 2009 | hbr.org
Managing Yourself Three Keys to Getting an Overseas
Assignment Right
working thousands of miles from his na-
tive New Jersey.
Oscar moved to China six weeks
ahead of Jennifer and their children.
Away from the family, he had time to di-
gest all the available data on the plant’s
performance, and he spent a lot of time
on the factory fl oor studying operations.
Told by his boss, who had fi red the previ-
ous GM, that he needed to turn things
around, Oscar questioned employees
vigorously about problems at the facil-
ity and their root causes. He came away
confi dent that he understood exactly
what needed to be done.
As the weeks passed, Oscar became
less and less sure of himself. Many of
his new team members spoke English
38. poorly. Additionally, they were used to
following orders, so it was hard for Oscar
to have a dialogue with them (his pre-
ferred style of communication) about
what needed to happen. Still, turning
the plant around would require clear,
top-down mandates for change, so he
presented an aggressive plan – which in-
cluded shutting down a production line,
reconfi guring two support groups, and
laying off about 5% of the workforce – to
the senior managers and expected them
to fall in line. They listened politely but
said little and did less, and the plan went
nowhere.
Even when he tried to reinforce posi-
tive behavior among his staff members,
Oscar found himself making mistakes.
Two months into his transition, for in-
stance, he decided to recognize the out-
standing production forecasting model
created by a plant analyst. He praised
her contribution in a meeting of the
plant supervisors and was shocked by
their reaction. Everyone looked down
while the analyst squirmed uncomfort-
ably in her seat. Only later, in a conver-
sation with the head of HR, did Oscar
realize that his focus on individual
achievement ran counter to Chinese
culture and its elevation of the collec-
tive over the individual.
39. Making matters worse, Oscar had
undercut his recent address to staff ers
about “doing business the right way” by
endorsing a visa application for a group
of local Chinese offi cials who wanted to
travel to the U.S., without really under-
standing what the group would be doing,
where it would be going, and so on. His
employees now viewed him as someone
who would OK all kinds of requests, ap-
propriate or not.
Meanwhile, Jennifer and the children
had arrived in Beijing and were off to a
shaky start: The pollution was far worse
than she had expected, few of her neigh-
bors spoke English well, and Jennifer
had diffi culty fi nding child-care provid-
ers with whom she could communicate.
Oscar and Jennifer had decided that if
they were going to commit to living and
working in China, they wanted to im-
merse themselves in the culture, so they
had opted to live in a neighborhood
favored by the Chinese middle manag-
ers at the plant rather than one inhab-
ited primarily by expatriates. This left
her isolated, as she tried to set up the
house and fi gure out the basics of liv-
ing in China. Just a few weeks aft er his
family had arrived, Oscar came home
one night to fi nd Jennifer in tears. “Five
months ago, I was telling top executives
what to do,” she said with a sob. “Now I
40. can’t even ask the store clerk where to
fi nd the laundry detergent!”
The International
Assignment Challenge
Oscar’s story demonstrates the com-
plexities of making a successful transi-
tion from a leadership position in a
familiar setting to a position of similar
or even greater responsibility overseas.
Although the recession is forcing com-
panies to be more selective about over-
seas relocations, major fi rms continue
to send managerial talent to strategi-
cally important countries such as China,
India, Brazil, and the UK. Counting on
expansion overseas to drive profi table
growth, these organizations recognize
the critical need to develop a cadre of
“global” leaders who have the intellect
and experience to move fl uidly among
diverse markets and cultures, and who
can transfer systems, processes, and
technologies around the world.
For their part, executives who gain
international experience early in their
careers enjoy greater agility and adapt-
ability over the course of their work lives.
They generally deal with complex man-
agement issues more adroitly than their
“domestic” peers do. They also open
themselves up to a broader set of oppor-
tunities, particularly in today’s global
41. and heavily matrixed organizations.
So how do companies and leaders
make sure they reap these benefi ts?
Through our studies of international
moves like Oscar’s, we have identifi ed
several fundamental principles for
tackling the inevitable challenges that
come with personal and organizational
change. These simple rules can make the
IDEA IN BRIEF
International experience is ■
as valuable as ever – par-
ticularly in today’s global
organizations.
But the personal challenges ■
of an overseas assignment are
also as daunting as they’ve
ever been.
Settling your family, adapting ■
your communication style,
and understanding the new
regulatory environment are
critical for transitioning suc-
cessfully, the authors say.
Oscar and Jennifer compounded
their diffi culties by choosing not to live
in an expat community.
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42. hbr.org | October 2009 | Harvard Business Review 117
diff erence between a successful leader-
ship transition and a failed one. (For the
complete list, see Your Next Move, Har-
vard Business Press, 2009.) Specifi cally,
here are three principles for personal
eff ectiveness in an overseas assignment.
Principle 1: Establish the
Family Foundation First
You can’t be successful in your new role
if your home life is in chaos. Some over-
seas assignments go to people without
spouses or children; these managers
need to set up support networks to com-
bat feelings of isolation and dislocation.
Here we’ll focus on the majority of ex-
pat leaders, who relocate to foreign cities
with their families. It’s crucial to have
in-depth, honest conversations about
international assignments with your
spouse – long before you make specifi c
decisions about which opportunities you
are (or are not) willing to pursue. You’ll
both need to consider all the dimensions
of change: the magnitude of the culture
shift ; the distance from home; the type
of living situation you’ll be in; your
spouse’s ability to fi nd friendships, work,
and other affi liations; and, if applicable,
the schools your children will attend.
43. For Oscar and Jennifer, the move to
China posed a greater challenge than
they could fathom: According to a sur-
vey by Brookfi eld Global Replacement
Services, China was the top destination
for globally relocated executives in 2008,
but it was also the location with the
highest rate of assignment failure, be-
cause of the radical diff erences in living
conditions and business environments.
In discussing the move with his wife,
Oscar glossed over things like dirty air
and language barriers. He emphasized
how good it would be for his career and
for the children’s cognitive and social
development. Also missing from that
conversation was any acknowledgment
of the big change Jennifer had just expe-
rienced – giving up a high-powered job
to devote more time to the family.
If you minimize disruption for the
family, you can increase the odds that
everyone will thrive in the new setting.
For children, you should try to time the
move to coincide with a natural break
in their schooling. You should also ar-
range for extra support for your spouse
while you’re setting up shop. This in-
between time can be stressful for every-
one – Jennifer learned the hard way, as
she worked solo to prepare the couple’s
apartment for sale and pack and ship
their belongings to China.
44. Oscar and Jennifer compounded their
diffi culties by choosing not to live with
other expats in a community designed
to meet their needs. The impulse to
live “with the people” is laudable and
can certainly be rewarding. But for most
managers, such a choice is inadvisable,
particularly when the culture change
is signifi cant and when you’ve never
relocated to another country. A crucial
factor in making a smooth transition
is to retain as much of the familiar as
possible.
With that in mind, even before you
step foot on a plane, identify the re-
sources (spousal support networks and
career and other counseling services for
expatriates) that can help in your new
location. Establish e-mail relationships
with future colleagues so that from
day one members of your family know
people in country. If you have children,
try to connect with other expats who
have children the same age or attend-
ing the same school. Maintain regular
communication with colleagues, friends,
and family back home – invite them to
visit, or even establish a blog that re-
counts the family’s adventures in your
new home.
Principle 2: Build Credibility
and Openness from the Start
New leaders tend to focus on the prob-
lems fi rst – they try to fi x what’s wrong,
45. especially if the new role has been billed
Everyone may already be in a
defensive mind-set; it takes only a little
reinforcement to cast this in concrete.
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118 Harvard Business Review | October 2009 | hbr.org
Managing Yourself Three Keys to Getting an Overseas
Assignment Right
as a turnaround, as Oscar’s was. The risk
is that they’ll send the message “There
is no good here.” While this is a pitfall
for every new leader, it’s particularly
problematic when one is moving from
the home offi ce to an international as-
signment: Everyone in the organization
may already be in a defensive mind-set;
it takes only a little reinforcement to
cast this in concrete.
To avoid this trap, ask people lots
of questions instead of making state-
ments – even if, like Oscar, you’re pretty
sure you know what the central issues are.
Let colleagues and employees validate
(or disprove) your theories, and avoid
focusing exclusively on what’s wrong
rather than what works, or on the data
you don’t have versus the information
46. you do. Setting up your offi ce can wait.
Go to the front lines right away, wher-
ever they are, and really listen. If you
start reaching out on day one, word will
quickly spread across the organization.
While you’re still planning for your
arrival, you may want to take stock of
the stereotypes that might be associ-
ated with you, be they cultural, organi-
zational, or even specifi c to your history
with the company. Play against these
stereotypes – using the local language,
say, or demonstrating in meetings that
you understand the strengths, problem
areas, and idiosyncrasies of the organi-
zation you’re entering. Oscar’s failure to
appreciate how Chinese culture diff ers
from U.S. culture was apparent when he
singled out the young plant analyst.
Oscar would have done well to iden-
tify some “cultural interpreters” inside
and outside the company. Ideally, you
will fi nd at least two: an expatriate who
has a lot of experience working in the
culture you’re moving to, and a native
who has a lot of experience working
with expatriates. They can help you
translate and deliver your intentions
and ideas in context-appropriate ways.
Even a leader with strong emotional in-
telligence in his home country can make
grave miscalculations in a new culture.
Finally, if you have time, you should
47. develop a written plan for your entry
Creating Your Entry Plan
Executives can personally prepare themselves for an interna-
tional assignment. Here’s a suggested to-do list.
The days, weeks, and months leading up to your
new assignment are crucial – and potentially mad-
dening as you sort out the personal and profes-
sional challenges you’ve taken on.
Before You
Move to a
New Country
After You’ve
Moved to a
New Country
Read as much as you can,
gathering internal and external
perspectives on the market
and consumers. You won’t be-
come an expert, so don’t even
try. It’s awareness you’re
looking for.
Identify local consultants
who can brief you on the
state of the market and the
competitive environment. Set
up meetings ahead of your ar-
rival, and follow through when
you’re in country.
Start learning the lan-
48. guage. You may never
become fl uent, but your
attempts will demonstrate
respect.
Develop hypotheses about
the situation you are enter-
ing: Is the organization in
turnaround, realignment, or
some other life-cycle stage?
What’s the overall climate
within the company? How
deep is the talent pool?
Consult with your new
boss, talk to critical stakehold-
ers, and review any available
performance data to gather
insight and begin testing
your hypotheses – but keep
your views to yourself at this
stage.
Without a good idea of what you’ll say and do
in the fi rst 24 hours, the fi rst week, and the fi rst
month, you risk getting caught up in crisis manage-
ment – reacting to each organizational fl are-up
rather than moving your own strategic agenda
forward. You need to create and carry out a four-
phase plan.
Diagnose the situation
and align the leadership team
around some early priori-
ties – but don’t focus only
on what’s wrong.
49. Establish strategic direc-
tion and align the organization
around it.
Fix important systems and
processes and strive for
consistent execution.
Encourage the develop-
ment of local talent in antici-
pation of your eventual exit.
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into the company. (For guidelines on
how to do this, see “Creating Your Entry
Plan.”) Share it with your new direct re-
ports, regional HR staff ers, and your boss,
so that they’ll understand how you in-
tend to lead change at the organization.
Principle 3: Get Serious
About Compliance
Business standards and the “rules of the
game” can change dramatically when
you move from one corporate and cul-
tural climate to another. Local perspec-
tives on what’s appropriate for business
(and what isn’t) won’t necessarily match
yours or those of the home offi ce; some-
times that’s fi ne, but sometimes it’s fa-
tal. The reality is that local auditing and
50. other compliance systems may not fully
protect you and your reputation.
It’s critical for transitioning interna-
tional executives to consider, identify,
and manage compliance issues. Indeed,
they need to take on the unoffi cial role
of chief compliance offi cer, systemati-
cally asking people on the front lines
detailed questions about their actions,
and moving quickly once problems arise.
Most important, you must be able to dif-
ferentiate between serious compliance
lapses and unfamiliar but acceptable
ways of doing business. This is especially
important for leaders who are respon-
sible for sales and operations; the risk
factors here might include questionable
deal-making practices (in sales) and poor
quality control or contaminated raw ma-
terials (in operations). Any perceived
lapses in a manager’s judgment can cast
a long shadow – as Oscar learned the
hard way. By approving the travel visas,
he considerably weakened his credibil-
ity within the organization. Here again,
cultural interpreters can be invaluable.
Imagine if Oscar had tapped a trusted ad-
viser, someone with years of experience
on the ground in China – someone who
might have steered the transitioning
leader away from picking up that pen.
• • •
51. The journey can be unpredictable, and
the pitfalls many, but an international
assignment can be among the most excit-
ing and challenging transitions an aspir-
ing leader can undertake. With the right
planning and attitudes, these leadership
roles can stretch capabilities, challenge
assumptions, and steer both people and
profi ts in a positive direction.
Mark Alan Clouse is the managing
director of Kraft Foods Brazil. He was
previously managing director of Kraft
in greater China. Michael D. Watkins
([email protected]) is the
chairman of Genesis Advisers, a Newton,
Massachusetts–based leadership develop-
ment fi rm. He is the author of The First 90
Days: Critical Success Strategies for New
Leaders at All Levels (Harvard Business
Press, 2003). His new book is Your Next
Move (Harvard Business Press, 2009).
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53. Report informing on your Readiness to live/work in another
country
ASSIGNMENT OVERVIEW
Write a progress report (in memo format) to your boss,
informing her of what you have learned about ‘x’ country and
your readiness to live/work in that country.
Assume your work for a company (you choose), and good news,
you’ve been promoted to work and live in another country (you
choose the country you want to research). You are now a
classified as ‘expat.’ You leave in two months. Use the
Harvard Business Review article ‘Three Keys to Getting an
Overseas Assignment Right’ as your guide.
Cite in APA format.
Requirements
Your research base includes…
· Library research and library research experience with Mr.
Steve Cramer, our business librarian.
· The Harvard Business Review article, “The Three Keys to
Getting an Overseas Assignment Right” that is located in the
readings on Cultural Communication folder on Blackboard.
· Reference section ‘Writing International Correspondence’
(page 343) in your text.
Research Considerations & Assigned Content
While content and its organization is your completeness
decision, I recommend the following list of items to research (in
random order.)
1. Introductions & Greetings
54. 2. Visuals & symbols
3. Non-verbals – gestures, etc.
4. Unspoken behaviors
5. 3 principles listed in the article
6. Slang expressions and technical jargon
7. What we see – appearances, etc.
8. Language differences
9. Values
10. Thinking styles (see the Cultural Communication
powerpoint)
11. Teamwork ‘rules’
12. Etiquette & gifts
13. Conclusion
14. Reference Page listing all the resources used
Writing Requirements
· Write in the direct approach – that means you are to state your
recommendation (aka your ‘why,’ aka your ‘purpose’), in the
first sentence.
· Include at least one table and refer to it.
· Have at least one cite from the HBR “The Three Keys…”
· Have a cite from the book ‘Kiss, Bow, or Shake Hands.” The
library is holding it in reserve for our class.
· Use no fillers or junk information. Be concise. Eliminate
wordiness.
· As you would expect, this report is to nonverbally
55. communicate professionalism.
· Use correct grammar and mechanics.
· Use excellent organization, resulting in excellent flow.
· Use headings and white space for professional polish and
readability.
· Use standard margins and 10 font size, Tahoma font.
· Write in active strong business conversational language.
· Write in first person.