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1. Although Johnson & Johnson took a massive short-term loss Need more help! 1. Although Johnson & Johnson took a massive short-term loss as a result of its actions, it was cushioned by the relative wealth of the company. Should it have acted the same way if the survival of the firm were at stake? 2. James E. Burke reportedly said that he felt that there was no other decision he could have made. Do you agree? Could he, for example, have recalled Tylenol only in the Midwest? Was there a moral imperative to recall all Tylenol? 3. What was the moral minimum required of the company in this case? Would it favor some stakeholders more than others? How would you defend balancing the interests of some stakeholders more than others? 4. Imagine that a third-world country volunteers to take the recalled product. Its representatives make assurances that all the tablets will be visually inspected and random samples taken before distribution. Would that be appropriate in these circumstances? Would it have been a better solution than destroying all remaining Tylenol capsules? 5. Apparently no relatives of any of the victims sued Johnson & Johnson. Would they have had a moral case if they had? Should the company have foreseen a risk and done something about it? 6. How well do you think a general credo works in guiding action? Would you prefer a typical mission statement or a clear set of policy outlines, for example? Do you see any way in which the Johnson & Johnson Credo could be improved or modified? Students also viewed these Organizational Behavior questions As a result of its annual inventory count, Tarweed Corp. determined its As a result of its annual inventory count, Tarweed Corp. determined its ending inventory at cost…… … 31, 2014 and 2015, assuming that the inventory is recorded at cost and an allowance account is adjusted at each year end under a periodic system. (c) Which of the two methods above provides… As a result of its annual inventory count, Tarweed Corp. determined its As a result of its annual inventory count, Tarweed Corp. determined its ending inventory at cost…… … December 31, 2016 and 2017, assuming that the inventory is recorded at cost and an allowance account is adjusted at each year end under a periodic system.(c) Which of the two methods above… As a result of its annual inventory count, Tarweed Corp. determined its As a result of its annual inventory count, Tarweed Corp. determined its ending inventory at cost…… … 31, 2019 and 2020, assuming that the inventory is recorded at cost and an allowance account is adjusted at each year end under a periodic system. c. Which of the two methods above provides the… As a result of its export sales to customers in Switzerland, the As a result of its export sales to customers in Switzerland, the Lenox Company has had Swiss franc…… 1,… January 1, Year 1……… $1.05 Average, Year 1……… $1.10 December 31, Year 1……… $1.15 Average, Year 2……… $1.20 December 31, Year 2……… $1.25 Average, Year… Describe how mircolending has developed as a result of its success. Describe how mircolending has developed as a result of its success. Four unrelated shareholders own Benton Corporations 400 shares of outstanding stock. As Four unrelated shareholders own Benton Corporations 400 shares of outstanding stock. As indicated below, Benton redeems a total of 100 shares for $500 per share from three of its shareholders. Each shareholder has a $230 per share basis in his or her stock. Bentons current and accumulated E&P at the end of the tax year is $150,000. a. What are the tax consequences (e.g., basis of remaining shares and amount and character of recognized income, gain, or loss) of the redemptions to Ethel, Fran, and Georgia? b. How would your answer to Part a change if Ethel were Georgias mother? Consider the LIBRARY relational database schema shown in Figure 8.14, which is Consider the LIBRARY relational database schema shown in Figure 8.14, which is used to keep track…… … all borrowers who have more than five books checked out. g. For each book authored (or coauthored) by Stephen King, retrieve the title and the number of copies owned by the library branch… Ritchie Manufacturing Company makes a product that it sells for $150 per Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company Incurs…… … each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach c. Use the contribution margin ratio approach. d. Confirm your results by… SAQ: Consider the structure (at physiological pH 7.4 ) of the following SAQ: Consider the structure (at physiological pH 7.4 ) of the following molecules and then answer…… … the importance of this when such molecules bind together to form a polymer. One of these molecules has a key structural difference, relative to the others. Name the molecule that is the… Favio Ltd manufactures high-impact plastic bike helmets. The A-1 helmet is produced Favio Ltd manufactures high-impact plastic bike helmets. The A-1 helmet is produced in two processes: plastic extruding and assembly. The company has adopted an activity-based costing system. The following activities have been defined: • Design A-1 helmet. • Store materials. • Move raw materials to production. • Set up extruding machine. • Operate extruding machine. • Move product to assembly area • Assemble helmet. • Label helmet • Inspect and test helmet. • Package helmet. • Move finished helmet to shipping • Advertise A-1 helmet. Required: 1. Identify the non-value-added activities at Favio Ltd. 2. Select three non-value added activities and identify two possible root cause cost drivers for each one. 3. Use a process (supplier or customer) perspective to suggest a possible performance measure for the activity ‘Inspect and test helmet. 1. Why would a $500,000 salary cap prompt personnel to leave for 1. Why would a $500,000 salary cap prompt personnel to leave for other banks?2. Was the stripping of Lewis’s chairmanship a significant move on the part of BoA shareholders?3. How could John Thain justify spending $1.2 million on his office when Merrill Lynch was on the verge of bankruptcy?4…. What is the difference between manufacturing and nonmanufactunng costs? What is the difference between manufacturing and nonmanufactunng costs? In Problem, find each limit. Use – and when appropriate. (A) (B) In Problem, find each limit. Use – and when appropriate. (A) (B) (C) Presented below and on the next page is the ledger for Heerey Presented below and on the next page is the ledger for Heerey Co. Instructions(a) Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each.(b) Determine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31,2010. Kolbec Community College (KCC) has 4,000 full-time students and offers a variety Kolbec Community College (KCC) has 4,000 full-time students and offers a variety of academic programs in three areas: professional studies, arts, and technology. The professional studies programs prepare students for administrative and clerical jobs in a variety of professional settings, including accounting, medicine, and law. The arts program’s offerings are wide ranging and include graphic design, digital animation, culinary arts, cosmetology, and music arts. The technology programs are also varied, including information technology, medical laboratory technology, electrical engineering technology, pharmacy technology, and natural resources technology. Required: 1. Using the traditional approach to assigning overhead costs to academic programs: a. Calculate the predetermined overhead rate. b. Assign the overhead costs to each academic program using the predetermined rate. c. Calculate the total cost per student (direct costs plus overhead) of operating each academic program. 2. Using ABC, complete the following requirements: a. Using Exhibit as a guide, complete the first-stage allocation of overhead costs to academic programs. b. Using Exhibit as a guide, calculate the activity rates for each of the activity cost pools. c. Using the activity rates calculated in ( b ), complete the second-stage allocation of over- head to academic programs. 3. Based on the results of (2), calculate the total cost per student (direct costs plus overhead) of operating each academic program. 4. Draft a memo to Jones explaining the key reasons for differences in the total cost per student of operating each academic program that arise between the traditional costing approach and ABC. On January 1, 2017, Tusk Company issued $300 million of bonds with On January 1, 2017, Tusk Company issued $300 million of bonds with a 6% coupon interest rate. The bonds mature in 10 years and pay interest annually on December 31 of each year. The market rate of interest on January 1, 2017, for bonds of this risk class was 6%. Tusk Company closes its books on December 31. Tusk elected the fair value option under ASU 2016-1 to account for the bonds. Required: 1. What amount will appear for the bonds on Tusk Company’s balance sheet on January 1, 2017? 2. What journal entries will Tusk Company make during 2017 to record the effects of the bonds if the market interest rate for these types of bonds is 9% at December 31, 2017? 3. How would your answer change if the increase in interest rate were due to deteriorating financial conditions? FUN Inc. has a fully automated production facility in which almost 97 FUN Inc. has a fully automated production facility in which almost 97 percent of overhead costs are driven by machine hours. As the company’s cost accountant, you have computed the following overhead variances for May: Variable overhead spending variance ………$34,000 F Variable overhead efficiency variance …….. 41,200 F Fixed overhead spending variance ………. 28,000 U Fixed overhead volume variance ………. 20,000 U The company’s president is concerned about the variance amounts and has asked you to show her how the variances were computed and to answer several questions. Budgeted fixed overhead for the month is $1,000,000; the predetermined variable and fixed overhead rates are, respectively, $20 and $40 per machine hour. Budgeted capacity is 20,000 units. a. Using the four-variance approach, prepare an overhead analysis in as much detail as possible. b. What is the standard number of machine hours allowed for each unit of output? c. How many actual hours were worked in May? d. What is the total spending variance? e. What additional information about the manufacturing overhead variances is gained by inserting detailed computations into the variable and fixed manufacturing overhead variance analysis? f. How would the overhead variances be closed if the three-variance approach were used? Natalia Wallace is the new controller for Smart Software, Inc., which develops Natalia Wallace is the new controller for Smart Software, Inc., which develops and sells education software. Shortly before the December 31 fiscal year-end, James Cauvet, the company president, asks Wallace how things look for the year-end numbers. He is not happy to learn that earnings growth may be below 13% for the first time in the company’s five-year history. Cauvet explains that financial analysts have again predicted a 13% earnings growth for the company and that he does not intend to disappoint them. He suggests that Wallace talk to the assistant controller, who can explain how the previous controller dealt with such situations. The assistant controller suggests the following strategies: 3 Persuade suppliers to postpone billing $13,000 in invoices until January 1. Record as sales $115,000 in certain software awaiting sale that is held in a public warehouse. Delay the year-end closing a few days into January of the next year, so that some of next year’s sales are included as this year’s sales. Reduce the estimated Bad debt expense from 5% of Sales revenue to 3%, given the company’s continued strong performance. Postpone routine monthly maintenance expenditures from December to January. Requirements 1. Which of these suggested strategies are inconsistent with IMA standards? 2. What should Wallace do if Cauvet insists that she follow all of these suggestions? Related Book For Sale Business Ethics Now 3rd edition (Purchase / Rent)