Case study on managerial communications

The memorandum is among the more basic managerial communications tools used in most if not all administrative settings. A solid familiarity with drafting effective memoranda is vital for your career. (Alas, there are many examples of poorly composed memos……..but let us ignore these…….). As opposed to the proposal which advocates for a specific plan of action or recommendation, here you are explaining and interpreting some aspect or concept of financial management.

The assignments specifics are as follows:

Prepare a document not to exceed 3-4 pages in length addressed to your subordinates and colleagues on behalf of your employer’s senior echelon which seeks to explain a key financial concept to an audience lacking sophisticated grasp of such matters. You are free to select any issue so long as it addresses a substantive matter and your audience is composed of your peers and lower-ranking staff. Your readings for the course and topics considered for the proposal assignment will be helpful in selecting a memo topic but you must narrow your focus given the length of the paper….go for depth and precision. For example, discuss a change to the company retirement plan, explain the time value of money concept and how that impacts profitability, contrast fixed with variable costs, define various revenue streams and accounts receivable,  discuss depreciation and its importance in fiscal planning, interest rates and their impact on bonds and other investments, etc.

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Case study on Activity-Based Costing System

Activity-based costing is one of the most accurate methods that can be used to allocate overhead. However, it is not often used in many smaller organizations due to the substantial cost involved with its implementation.

Using the module readings and the Argosy University online library resources, research the activity-based costing method. Use your research and/or your experiences as a working professional to complete this assignment.

Respond to the following:

• If you have utilized an activity-based costing system in your former or current employment, describe how this system had been used. In your response, be sure to include your experience and position on the effectiveness of the activity-based costing system. Support your ideas by drawing on your readings and scholarly articles.
• If you have not encountered this type of system in your work experience, assume a company needs to switch to an ABC system. Describe the common cost drivers that could be used.
• How would the organization identify the cost drivers?
• How would the organization use them in the implementation of this system? You may use your former or current company for the analysis.
• review and comment on at least two peers’ responses.

Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation

Do the following when responding to your peers:

• Read your peers’ answers.
• Provide substantive comments by
  • contributing new, relevant information from course readings, Web sites, or other sources;
  • building on the remarks or questions of others; or
  • sharing practical examples of key concepts from your professional or personal experiences
• Respond to feedback on your posting and provide feedback to other students on their ideas.
• Make sure your writing
  • is clear, concise, and organized;
  • demonstrates ethical scholarship in accurate representation and attribution of sources; and
  • displays accurate spelling, grammar, and punctuation.
  • __________________________________________________________________-

Assignment 2: Manufacturing Overhead

Borealis Manufacturing has just completed a major change in its quality control (QC) process. Previously, products had been reviewed by QC inspectors at the end of each major process, and the company’s 10 QC inspectors were charged to the operation or job as direct labor. In an effort to improve efficiency and quality, a computerized video QC system was purchased for $250,000. The system consists of a minicomputer, fifteen video cameras, and other peripheral hardware and software. The new system uses cameras stationed by QC engineers at key points in the production process. Each time an operation changes or there is a new operation, the cameras are moved, and a new master picture is loaded into the computer by a QC engineer. The camera takes pictures of the units in process, and the computer compares them to the picture of a “good” unit. Any differences are sent to a QC engineer, who removes the bad units and discusses the flaws with the production supervisors. The new system has replaced the 10 QC inspectors with two QC engineers.

The operating costs of the new QC system, including the salaries of the QC engineers, have been included as factory overhead in calculating the company’s plant-wide manufacturing-overhead rate, which is based on direct-labor dollars. The company’s president is confused. His vice president of production has told him how efficient the new system is. Yet there is a large increase in the overhead rate. The computation of the rate before and after automation is as follows:

“Three hundred percent,” lamented the president. “How can we compete with such a high overhead rate?”

Using the module readings and the Argosy University online library resources, research manufacturing overhead.

Review the situation. Complete the following:

• Define “manufacturing overhead,” and:
  • Cite three examples of typical costs that would be included in manufacturing overhead.
  • Explain why companies develop predetermined overhead rates.
• Explain why the increase in the overhead rate should not have a negative financial impact on Borealis Manufacturing.
• Explain how Borealis Manufacturing could change its overhead application system to eliminate confusion over product costs.
• Describe how an activity-based costing system might benefit Borealis Manufacturing.

Write a 3–4-pages paper in Word format. Apply APA standards to citation of sources. Use the following file naming convention: LastnameFirstInitial_M2_A2.doc.

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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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