Tools for Business Decision Making

Write a minimum 150-word response to each of the following scenarios from Exercise E3-1 in Financial Accounting (p. 132) describing the effect of each transaction on assets, liabilities, and stockholder’s equity: 

• Selected transactions for Thyme Advertising Company, Inc.
  • Issued common stock to investors in exchange for cash received from investors.
  • Paid monthly rent.
  • Received cash from customers when service was performed.
  • Billed customers for services performed.
  • Paid dividend to stockholders.
  • Incurred advertising expense on account.
  • Received cash from customers billed in (4).
  • Purchased additional equipment for cash.
  • Purchased equipment on account.Place your order now for a similar paper and have exceptional work written by our team of experts to guarantee you A Results

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Budget Planning and Control

Before approaching this assignment, be sure that you have watched the following video.

Babycakes, a specialty bakery, is the company that will be considered for all parts of your budget planning and control report. For this assignment, you will develop a three to four (3 – 4) page paper in which you address the following.

1. Briefly discuss the ways a realistic budget will benefit the owner of Babycakes versus having no budget at all. Be sure to use Babycakes as the company and any specific product details in your explanation.
2. Prepare a sales budget for the LA Babycakes store for the 4th quarter of 2016. Present the number of units, sales price, and total sales for each month; include October, November, and December, and a total for the quarter. Use one-half of the Valentine’s Day sales as the basis for a usual day in the new quarter. Use 30 days for each month. Calculate the total sales for each month for October, November, and December.
3. Create three (3) new products, one (1) for each of the three (3) holiday seasons in the 4th quarter. Estimate the sales units, sales price, and total sales for each month. Describe the assumptions used to make these estimates. Include an overview of the budget in the report, presenting the actual budget as an appendix with all data and calculations. Add these amounts to your sales budget.
4. The owner of Babycakes is interested in preparing a flexible budget rather than the static budget she currently uses. She does not understand why, when sales increase, her static budget often shows an unfavorable variance. Explain how a flexible budget will overcome this problem. Use the details of your newly prepared budget for the 4th quarter of 2016 to address her concern.
5. Imagine that Babycakes is facing a financial challenge that is causing the actual amount of money that it spends to become significantly more than its budgeted amount. Include a discussion of your own unique cause of the overspending. Explain the corrective actions needed to address these challenges.
6. Integrate relevant information from at least three (3) quality academic resources in this assignment.  Note: Please do not use your textbook as an academic resource. Also, Wikipedia and other Websites that are unreliable do not qualify as academic resources.

Your assignment must follow these formatting requirements.

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.
• An abstract is not required.

The specific course learning outcomes associated with this assignment are:

• Evaluate management control systems and examine their relationship with accounting and planning, including feedback and non-financial performance measurements.
• Evaluate decision-making tools for capital investments, budgeting, and budgeting controls.
• Analyze financial accounting tools and techniques that convert financial accounting data into information for decision making.
• Use technology and information resources to research issues in financial accounting for managers.
• Write clearly and concisely about financial accounting using proper writing mechanics.

Grading for this assignment will be based on the quality of your responses, logic and organization of the paper, and language and writing skills. Please review the Rubric for the Assignment: Budget Planning and Control.

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Your boss, Gregg Cash, is a registered liquidator and on 30 August 2017 was appointed by the Supreme Court of Queensland as liquidator of Tech Gadgets Ltd (TGL).

A search of ASIC records reveals that the directors of Tech Gadgets Ltd are Susan Main, Paul Smith and Ben Jones. They have all been directors since the company was incorporated in 2010.

Tech Gadgets Ltd has an issued share capital of 2,000 shares. Susan, Paul and Ben each own 200 shares in TGL, with the remaining 1,400 shares being owned by Tech Stars Ltd. TGL has not adopted a Constitution.

The directors of TGL had board meetings on the last Friday of each month when they met at their business premises at Woolloongabba. Susan was the chairperson.

From 1 April 2017 to 30 June 2017 Paul planned to be on holidays in Japan. Before he went he appointed Victoria Peters to act in his position. Victoria accepted this appointment. When TGL held its June 2017 meeting Victoria was at her daughter’s school swimming carnival so she phoned in and was on speakerphone. The day before the meeting Victoria had an afternoon coffee with Michael Bronte,a director of Tech Stars Ltd.During his chat with Victoria, Michael mentioned a number of times that the Tech Stars Ltd board knew that Victoria was keen to progress her career in TGL and that she would like a permanent director position. He said that Paul was up for re-election as a director of TGL and that the Tech Stars Ltd board would support appointing Victoria instead of Paul if Victoria proposed to the board of TGL that they use Miracle Batteries Pty Ltd as the sole supplier of batteries for all their devices. Miracle Batteries Pty Ltd is a wholly owned subsidiary of Tech Stars Ltd.

Victoria followed Michael’s request and put forward a proposal to use Miracle Batteries Pty Ltd as the sole supplier of batteries. Victoria argued very strongly saying that reviews of Miracle Batteries Pty Ltd’s product showed it to be a market leader. Victoria had not actually read any reviews of the company and had no knowledge about battery types. Susan and Ben told Victoria they did not know anything about batteries and if she had researched the company and was confident in their products then they would support the decision. After about 4 minutes, all directors voted in favour of using Miracle Batteries Pty Ltd as the sole supplier of batteries to TGL and the resolution passed. Victoria was very pleased with her skills in negotiating an outcome that she hoped would secure her a position as a director of TGL.

In July 2017 TGL’s business started going downhill. A competitor had recently released a new product, the super-pad, which resulted in significantly reduced sales of the company’s bestselling product, the quick-pad. In a bid to keep their cash-flow the company decided not to pay its June BAS* (which was $46,000) to the Tax Office and delayed paying the invoice from Miracle Batteries Pty Ltd for $58,000. The directors thought the Tax Office wouldn’t chase them as vigorously as other creditors, and as Miracle Batteries Pty Ltd a related entity it would give them some flexibility. Susan was also aware that the account payable area were post-dating cheques, but she didn’t mention this to the other directors.

On 15 August 2017 the directors were approached by Edward Burke, a young entrepreneur. Edward had designed a new tech product, the i-shoe. The directors loved the product and thought that if they could manufacture it they would definitely have a product superior to their competitors and TGL would be successful again. They immediately called a board meeting and resolved to pay Edward $500,000 for his invention. They agreed to pay him within 7 days as they wanted to start manufacturing as soon as possible.

On 16 August 2017 TGL approached the bank for finance to pay the amount owing to Edward ($500,000) and for money to manufacture the i-shoe ($3 million). Every bank they approached declined to give finance. The directors informed Edward they would not be able to pay him the $500,000 as agreed. On 23 August Edward brought a winding up application against the company in the Supreme Court of Queensland and the Court ordered the company be wound up on the basis that it was insolvent.

* A BAS (Business Activity Statement) is a document lodged with the Australia Taxation Office (ATO) which reports information which a company owes to the ATO and money which the ATO owes the company.

Question 1

Which persons and/or entities are a director of Tech Gadgets Ltd for the purposes of the directors’ duties in sections 181-183 of the Corporations Act 2001 (Cth)?

NOTE: In answering this question you are not required to determine if there is a breach of duty, whether any party has a defence available or the potential consequences of breach.

Question 2

Assume that Victoria is a director of Tech Gadgets Ltd. Advise Victoria if she has breached any director duties.

NOTE: In answering this question you are not required to address any defences or potential consequences of a breach of directors’ duties.

NOTE: There may be more than one directors’ duty that applies here.

Question 3

Assume Susan and Ben appear to have breached their duty to take reasonable care. Advise whether they would successfully raise reliance (s 189) or any defences in the Corporations Act.

Question 4

Advise whether Ben has breached his duty to prevent insolvent trading.

Question 5

Advise Edward whether he can personally bring proceeding against each of the directors for compensation for breach of s 588G?

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International Human Resource Management

Please respond to the following:

Discussion

From the e-Activity, since June last year your company has been facing challenges in hiring plant workers at its electronic manufacturing plant in Guangzhou, China due to competitors’ increase in new manufacturing plants in the area. You have been assigned to head the HR department for the plant. Develop an HR plan outline to help address the issue. Provide rationale for your reasoning.

Examine the major benefits that companies experience from leveraging female expatriates. Review the key success factors and techniques used in the expatriate selection process in Exhibit 11.3 (Chapter 11). Recommend one (1) situation where it would be best for a company to leverage a female expatriate. Justify your response.

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Keys to Success in Multinational Companies

Due Week 9 and worth 220 points

It is widely known that Knowledge Management Systems are the key to success in multinational companies. Imagine that you are a Vice President of a company that is ramping up to go global.
Please choose one (1) of the following industries for the purposes of this assignment:

Jewelry
Fashion / Apparel
Chemicals
Consumer electronics, electronic components
Medical supplies or equipment
Bins, totes, crates, material handling
Food products
Drug products
Children’s products, clothing, toys, etc.

Note: You may create and / or assume all necessary assumptions needed for the completion of this assignment.

You have been tasked with designing a comprehensive best practices policy list geared towards managing existing knowledge and any new knowledge as it becomes viable. The best practices policy should include a compiled task list that will help your company to handle not only the regular issues of conducting business within a foreign country, but also the unexpected events (e.g., earthquakes, demonstrations, bomb threats, etc.), no matter the country or countries into which you will be expanding. The policy list should also take any unique challenges that your company may face into consideration.

Write a six to eight (6-8) page paper in which you:

Design a comprehensive best practices policy list that includes policies on the following:
Sanitation (e.g., hand washing, toilet facilities, etc.)
Eating and / or drinking (e.g., at desks, on the company grounds, inside in the manufacturing area at designated tables / areas, etc.)
Conflict resolution (e.g., settling disputes, mediation and / or arbitration with designated mediator on staff, etc.)
In-house teams (e.g., minimum meeting times, scribes, appointed leaders, etc.)
Online team (e.g., 24-hour coverage on phone due to time differences, etc.)
Security (e.g., leaving doors open, locks, key return policy for departing workers, etc.)
Emergency evacuation procedures
Determine the key benefits of creating such policies. Provide a rationale for your response.
Speculate on the major ramifications if such policies are not created. Provide a rationale for your response.
Predict the significant ways in which the best practices policy that you created will contribute towards the long-term sustainability of the company. Provide a rationale for your response.
Determine whether or not your best practices policy would provide a competitive advantage over other international companies. Provide one (1) example of a company using a best practices policy to support your response.
Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other similar websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

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Economics for the global manager

Question Details

Select a U.S. multinational company, and respond to the following questions:

In terms of currency denomination, describe how the firm prices its revenues and costs.
For multinational enterprises (MNEs) with multiple foreign operations, consider any 2 of those operations and the contribution they are making to the parent firm’s profits.
What means do they use to hedge against exchange rate risk?
Using this information, what do you think would be the effect of increases or decreases in the dollar’s exchange value on the firm’s profitability?
Be sure to show all applicable work.

Present your findings as a Word document of 7–10 pages formatted in APA style. Include 5–7 academic, peer-reviewed references that are relevant to and support the deliverable.

Submitting your assignment in APA format means, at a minimum, you will need the following:

Title page: Remember the running head AND THE TITLE IN ALL CAPITALS.
Abstract: This is a summary of your paper—not an introduction. Begin writing in third-person voice.
Body: The body of your paper begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The type face should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics except as required for APA-level headings and references. The deliverable length of the body of your paper for this assignment is 3–4 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hang indention, italics, and upper- and lowercase usage as appropriate for the type of resource used. Remember, the Reference page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.

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The role of ethics and social responsibility in developing a strategic plan

The purpose of this assignment is to help students understand the influence that ethics and social responsibilities have on the strategic planning process.

Assignment Steps

Write a 700-word report in which you address the following:

Define and explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas.
Include at least one example of a company overstepping ethical boundaries for stakeholder agendas, and identify what types of preventative measures could be taken to avoid this type of situation.

Cite 3 scholarly references, including at least one peer-reviewed reference from the University Library. 

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