Week 8 Assignment – Litigation Censures And Fines

Week 8 Assignment – Litigation Censures And Fines

Week 8 Assignment – Litigation, Censures, and Fines

Overview

You  are the accountant for ACC KarParts, a thriving company that  makes auto parts. You oversee all accounting functions within the  company. Quinn, your supervisor, has informed you that if the company’s  profits grow by 30% this year, you will receive a $30,000 bonus, and she  will receive a $60,000 bonus. No bonuses will be awarded if profit  growth is less than 30%. Near the end of this fiscal year, the two of  you have the following conversation: 

  • Quinn: We  are getting close to 28% profit by the end of this year. If this  happens, neither you nor I will get any bonus. What can be done to reach  our target and get our bonus? 
  • You: There is nothing we can do to reach 30% profit this year. However, we can plan to reach that target next year. 
  • Quinn: If we claim some of the next year revenues  to be part of the current year, you will get your bonus, I will get  mine, and the investors will be happier. Therefore, everybody will be  happy. 
  • You: Uh, Quinn, that would be  an unethical action. 
  • Quinn: We are simply moving revenue from one period to another. We are not faking the revenue transactions. 

As an accountant, what would you do in this situation? 

Instructions

Write a 2–3 page report explaining to Quinn why you can’t move revenue from one period to another. In the report: 

  1. Explain the importance of ethics in accounting.
  2. Apply ethical principles and professionalism to the case at ACC KarParts.  
  3. Based on generally accepted accounting principles, recommend at least three acceptable legal alternatives to meet company goals.
  4. Use  three sources to support your writing. Choose sources that are  credible, relevant, and appropriate. Cite each source listed on your  source page at least one time within your assignment. For help with  research, writing, and citation, access the library, or review library guides.

This course requires the use of Strayer Writing Standards. For  assistance and information, please refer to the Strayer Writing  Standards link in the left-hand menu of your course. Check with your  professor for any additional instructions.

The specific course learning outcome associated with this assignment is:

  • Evaluate a business’s accounting system for compliance with accounting principles, regulations, and ethical business practices.

Tax Cuts

Tax Cuts

Week 8 Assignment – Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act was signed on December 22, 2017, and produced some of the most significant impacts on tax law in over 30 years.

Overview

In this assignment, you will use your textbook, the Internet, and Strayer Library to research the tax reform changes brought about by the Tax Cuts and Jobs Act and, analyze the impact these changes have on individual taxpayers and identify related tax planning strategies.

Instructions

Write a 4–5 page paper in which you:

· Summarize the purpose of the Tax Cuts and Jobs Act and explain the main objective(s) for its implementation.

· Examine three significant changes brought forth by the Tax Cuts and Jobs Act and discuss at least two advantages and/or disadvantages of each.

· Analyze the impact that each of the three significant changes has on the taxpayer as an individual and a family.

· Recommend tax planning strategies to maximize tax savings based on the three significant changes identified. Provide a rationale.

· Use the Strayer Library to find at least three academic resources.

. Internet websites that include a .gov or .org extension qualify as quality academic resources.

Note: Wikipedia and similar websites are not considered quality references.

Excel Chapter 6 Capstone

Excel Chapter 6 Capstone

Grader – Instructions Excel 2019 Project

Exp19_Excel_Ch06_Cap_High_West_Fashions

Project Description:

You are the digital marketing director for High West Fashions, a regional clothing company that specializes in custom t-shirts. Your company has decided to launch an online advertising campaign that gives customers the ability to purchase heavily discounted products. You have the task of determining the optimal amount of advertising to purchase in order to maximize profit and most effectively utilize resources.

Steps to Perform:

StepInstructionsPoints Possible
1Start Excel. Download and open the file named Exp19_Excel_Ch06_Cap_DirectMarketing.xlsx. Grader has automatically added your last name to the beginning of the filename.0
2On the Direct Marketing worksheet, create appropriate range names for Design_Fee (cell B8), Cost_Per_Ad (cell B9), Total_Clicks (cell B10), Profit_Per_Click (B11), and Gross_Profit (cell B12).5
3Edit the existing name range Design_Fee to Design_Fee2021 to reflect the current year.4
4Use the newly created range names to create a formula to calculate Gross Profit (cell B12) and Net Profit (cell B13).6
5Create a new worksheet named Range Names, paste the newly created range name information in cell A1, and resize the columns as needed for proper display. Mac users, use the Insert menu to insert a new worksheet and paste the range names.5
6On the Direct Marketing worksheet, use Goal Seek to determine the optimal click rate in order to earn a $5,000 net profit.6
7Starting in cell E4. Complete the series of substitution values ranging from 2% to 6.5% at increments of .50% vertically down column E.5
8Enter references to the Gross Profit and Net Profit in the correct location for a one-variable data table.3
9Complete the one-variable data table, and then format the results with Accounting Number Format with two decimal places.6
10Apply custom number formats to display Gross Profit in cell F3 and Net Profit in cell G3.4
11Copy the response rate substitution values from the one-variable data table, and then paste the values starting in cell I4.4
12Type 10000 in cell J3. Complete the series of substitution values from 10000 to 40000 at 5000 increments.3
13Enter the reference to net profit formula in the correct location for a two-variable data table.4
14Complete the two-variable data table and format the results with Accounting Number Format with two decimal places.7
15Apply a custom number format to make the formula reference appear as Net Profit.3
16Make the Direct Marketing 2 worksheet active. Create a scenario named Best Case, using Number of Ads and Click Rate. Enter these values for the scenario: 40000, and 6.5%.4
17Create a second scenario named Worst Case, using the same changing cells. Enter these values for the scenario: 10000, and 1%.4
18Create a third scenario named Most Likely, using the same changing cells. Enter these values for the scenario: 10000, and 6.83%.4
19Generate a scenario summary report using Gross Profit and Net Income.4
20Return to the Direct Marketing 2 worksheet. Load the Solver add-in if it is not already loaded. Launch Solver and set the objective to calculate a net profit of $20,000.4
21Use Number of Ads and Click Rate (B4:B5) as changing variable cells.4
22Set a constraint to ensure Number of Ads purchased is less than or equal to 40,000.2
23Set a constraint to ensure Click Rate is less than or equal to 7%. (Mac users should enter the value in decimal form. Example .07)2
24Solve the problem. Generate the Answer Report.3
25Create a footer on all worksheets with your name on the left side, the sheet name code in the center, and the file name code on the right side.4
26Save and close Exp19_Excel_Ch06_CAP_DirectMarketing.xlsx. Exit Excel. Submit the file as directed.0
Total Points100

Created On: 04/09/2021 1 Exp19_Excel_Ch06_Cap – High West Fashions 1.6

Q Start

Q Start

The purpose of this assignment is to conduct a variety of self-assessments to learn more about yourself and identify your assets and weaknesses as a leader. This will assist you in discovering how you can improve your own self-leadership skills.

To begin, explore the conscious capitalism resources provided and conduct additional research on the principle of conscious leadership. 

You will also utilize the data gathered from the following self-assessments provided in the topic Resources:

  1. “The VARK Questionnaire”
  2. “Cultural Competency Self-Assessment”
  3. “Rokeach Values Survey”

Write a reflection of 1,000-1,250 words in which you discuss the following:

  1. Explain the characteristics of conscious leadership as defined by Mackey and Sisodia. Provide citations to strengthen your claims.
  2. Choose two historical management theories and explain their influence on the field of organizational behavior. Provide citations to strengthen your claims.
  3. Describe the importance of self-awareness, self-concept, and emotional intelligence and the role they play in enabling effective conscious leadership and effective self-leadership. Provide citations to strengthen your claims.
  4. Briefly summarize the results of each assessment you completed: “The VARK Questionnaire,” “Cultural Competency Self-Assessment,” and “Rokeach Values Survey,” provided in the topic Resources. In general, do you believe the results represent who you are as a leader? How will the results inspire you to be a conscious leader? Explain.
  5. Briefly, conduct a self-reflection in which you answer the following questions: (a) What insights have you gained about yourself after taking the assessments? (b) How could this knowledge influence your values, attitude toward others, and how you approach new tasks in the workplace? (c) What have you learned about what it takes to lead others or how you respond to the management tactics of others within the workplace? (d) What have you learned about your ability to lead others within the workplace?
  6. Explain the value of analyzing organizational behavior from the individual, group, and organizational perspective. How do your self-assessment results contribute to this? Provide citations to strengthen your claims.

Use a minimum of four scholarly sources to support your analysis and reflection.

https://vark-learn.com/the-vark-questionnaire/

Accounting Managment

Accounting Managment

 Cook  Farm Supply Company manufactures and sells a pesticide called Snare.  The following data are available for preparing budgets for Snare for the  first 2 quarters of 2020.

1.Sales: quarter 1, 28,200 bags; quarter 2, 43,600 bags. Selling price is $63 per bag.2.Direct materials: each bag of Snare requires 5 pounds of Gumm at a cost of $3.80 per pound and 6 pounds of Tarr at $1.75 per pound.3.Desired inventory levels:
Type of InventoryJanuary 1April 1July 1Snare (bags)8,10012,10018,100Gumm (pounds)9,10010,50013,500Tarr (pounds)14,10020,10025,500
4.Direct labor: direct labor time is 15 minutes per bag at an hourly rate of $16 per hour.5.Selling and administrative expenses are expected to be 15% of sales plus $177,000 per quarter.6.Interest expense is $100,000.7.Income taxes are expected to be 30% of income before income taxes.
Your  assistant has prepared two budgets: (1) the manufacturing overhead  budget shows expected costs to be 125% of direct labor cost, and (2) the  direct materials budget for Tarr shows the cost of Tarr purchases to be  $303,000 in quarter 1 and $426,500 in quarter 2.

(Note: Do not prepare the manufacturing overhead budget or the direct materials budget for Tarr.)

         Prepare the sales budget.

COOK FARM SUPPLY COMPANY
Sales Budget
choose the accounting period   QuarterSix
Months12Expected unit salesenter a number of units       enter a number of units       enter a number of units       Unit selling price$enter a dollar amount       $enter a dollar amount       $enter a dollar amount       Total sales$enter a total dollar amount       $enter a total dollar amount       $enter a total dollar amount       
Prepare the production budget.

COOK FARM SUPPLY COMPANY
Production Budget
choose the accounting period   QuarterSix
Months12select an opening production budget item   enter a number of units       enter a number of units       select between addition and deduction   : select a production budget item   enter a number of units       enter a number of units       select a summarizing line for the first part   enter a total number of units for the first part       enter a total number of units for the first part       select between addition and deduction   : select a production budget item   enter a number of units       enter a number of units       select a closing production budget item   enter a total number of units       enter a total number of units       enter a total number of units            

eTextbook and Media 

                               Prepare the direct materials budget. (Round Cost per pound answers to 2 decimal places, e.g. 52.70.)

COOK FARM SUPPLY COMPANY
Direct Materials Budget—Gumm
choose the accounting period   QuarterSix
Months12select an opening direct materials budget item   enter a number of units       enter a number of units       select an item   enter the amount of pounds       enter the amount of pounds       select a summarizing line for the first part   enter a total amount of pounds for the first part       enter a total amount of pounds for the first part       select between addition and deduction   : select an item   enter the amount of pounds       enter the amount of pounds       select a summarizing line for the second part   enter a total amount of pounds for the second part       enter a total amount of pounds for the second part       select between addition and deduction   : select an item   enter the amount of pounds       enter the amount of pounds       select a summarizing line for the third part   enter a total amount of pounds for the third part       enter a total amount of pounds for the third part       select an item   $enter a dollar amount       $enter a dollar amount       select a closing direct materials budget item   $enter a total dollar amount       $enter a total dollar amount       $enter a total dollar amount       
Prepare the direct labor budget. (Enter Direct labor time per unit in proportion to hours, e.g. for 45 minutes the proportion will be 0.75.)

COOK FARM SUPPLY COMPANY
Direct Labor Budget
choose the accounting period   QuarterSix
Months12select an opening labor budget item   enter a number of units       enter a number of units       select a labor budget item   enter a number of hours       enter a number of hours       select a summarizing line for the first part   enter a total number of hours for the first part       enter a total number of hours for the first part       select a labor budget item   $enter a dollar amount       $enter a dollar amount       select a closing labor budget item   $enter a total dollar amount       $enter a total dollar amount       $enter a total dollar amount       
Prepare the selling and administrative expense budget.

COOK FARM SUPPLY COMPANY
Selling and Administrative Expense Budget
choose the accounting period   QuarterSix
Months12select an item   enter a total number of units       enter a total number of units       enter a total number of units        select an item   $enter a dollar amount       $enter a dollar amount       $enter a dollar amount       select an item   enter a dollar amount       enter a dollar amount       enter a dollar amount       select a closing budget item   $enter a total dollar amount       $enter a total dollar amount       $enter a total dollar amount            

eTextbook and Media 

                               Prepare the budgeted multiple-step income statement for the first 6 months. (Round intermediate calculations to 2 decimal places and final answer to 0 decimal places, e.g. 1,255.)

COOK FARM SUPPLY COMPANY
Budgeted Income Statement
choose the accounting period   select an income statement item   $enter a dollar amount       select an income statement item   enter a dollar amount       select a summarizing line for the first part   enter a total amount for the first part       select an income statement item   enter a dollar amount       select a summarizing line for the second part   enter a total amount for the second part       select an income statement item   enter a dollar amount       select a summarizing line for the third part   enter a total amount for the third part       select an income statement item   enter a dollar amount       select a closing name for the budgeted income statement   $enter a total net income or loss amount            

eTextbook and Media 

Financial Statement Analysis

Financial Statement Analysis

Obtain an annual report from a publicly traded corporation that is interesting to you. Be sure the company has property and equipment, intangible assets, and long-term debt on its balance sheet. Using techniques you have learned in the previous weeks, respond to the following questions.

  1. What is the amount of property and equipment on the balance sheet for the 2 most recent years? What is the amount of accumulated depreciation and the depreciation expense? What amounts are on the cash flow statement for the most recent year that relate to depreciation, gains and sales of property and equipment, and purchases and sale of property of equipment? What amounts are permitted for inclusion in the capitalized cost of property and equipment?
  2. Looking at the footnote disclosures of the company, what are the individual components of property and equipment? For example, what are the amounts for land, building, equipment, accumulated depreciation, and so forth? How do companies account for nonmonetary exchange and dispositions of property and equipment?
  3. Does the company have intangible assets? If so, what are the types of intangible assets (patent, copyrights, etc.) and their amounts? What is the amount of accumulated amortization and amortization expense? What amounts on the most recent cash flow statement relate to the purchase and sale of intangible assets? How do intangible assets differ from property and equipment? What costs do we include in intangible assets?
  4. Does the company have goodwill? What are the footnote disclosures relating to goodwill and the related acquisition? Please also describe the calculation of goodwill and how we account for differences between fair value and book value of assets acquired.
  5. What are the company’s depreciation methods? What is the range of estimated useful lives used for depreciating its assets? Does the company use the same depreciation methods for financial statements and tax returns? If not, please describe the methods used for tax purposes.
  6. What are the company’s footnote disclosures relating to impairment? Please also describe how to determine whether an impairment exists and how to calculate the impairment loss.
  7. What are the amounts and descriptions of the company’s current liabilities for the most recent year? Does the company have any contingent liabilities? If yes, please describe them. Does the company have any subsequent events disclosed in its footnotes? If so, please describe them.
  8. What are the amounts and descriptions for all of the company’s long-term liabilities on its balance sheet for the 2 most recent years? What is the interest expense for the 2 most recent years? What amounts are included in the cash flow statements for proceeds from issuance of debt and repayment of debt for the most recent year? For each note payable discussed in the footnotes disclosures, what is the interest rate, total amount borrowed, and maturity date?
  9. Does the company have bonds payable? If so, what are the amounts? Please also describe how bonds payable differ from notes payable and how to account for the issuance of bonds at par, at a discount, and at a premium. How is the discount and premium amortized? What is the effective interest method?
  10. Does the company have capital leases? If so, what are the amounts and terms of the leases? What are the four criteria for a lease to be considered a capital lease? What are the additional criteria for the lessor? What is the difference between a sales-type lease and a direct-financing lease?

OPSCB/574: Competency 3 – Reflection

OPSCB/574: Competency 3 – Reflection

Reflection

Competency 3: Analyze organizational global supply chain.

This reflection activity is comprised of two sections, collectively totaling a minimum of 500 words. Complete your reflections by responding to all prompts.

Theory of Constraints

Describe an example where Theory of Constraints (TOC) was successfully applied to improve a process, or where you saw the potential for TOC to improve the process, in either a company you worked for or a company you were a customer at. 

  • What is the Lean concept and why is it important to study? How can Lean be applied to manufacturing and service processes? 
  • What is work center scheduling and why is it important for firms to focus on?
Supply Chain Strategies

Choose 2 supply chain strategies aimed to improve organizational performance and enhance competitiveness.

Explain each strategy, and give an example of an organization that has used each type of strategy. Was each strategy successful? Why or why not? 

OPSCB/574: Competency 3 Assessment

OPSCB/574: Competency 3 Assessment

Although this part of the assessment is not graded, you still need to complete it and submit it. This activity is meant to help build your knowledge in preparation to complete Part 2 and for use in your Integrative Business Capstone project in STRCB/581.

Choose 3 quantitative elements from the company you selected in Competency 2, Part 1.

Develop forecasts by implementing the following approach:

  1. Collect data, including old demand forecast (subjective data) and the actual demand outcomes.
  2. Establish the forecasting method (from readings). Decide on the balance between subjective and objective data and look for trends and seasonality.
  3. Forecast future demand using a forecasting method.
  4. Make decisions based on step 3.
  5. Measure the forecast error where applicable. Look for biases and improve the process.

Write a 525- to 700-word paper evaluating and summarizing the findings from the supported data points above. Insert the charts and supporting data from Excel and other tools in your paper.

Continue to Part 2: Supply Chain Operations Plan.

Use the company that you chose to work with in the second Competency Assessment of this course, which is the company you will use for your entire business plan.

Build a supply chain plan and diagram for the company by analyzing factors that affect sourcing, logistics, metrics, suppliers, and risk.

Create your supply chain diagram using one of the following tools:

  • Excel
  • PowerPoint
  • Visio
  • PictoGram
  • PDF
  • Other faculty-approved platform

Write an 875-word analysis of the supply chain operations plan. Include the following in your analysis:

  • A visual depiction of your supply chain diagram
  • Your supply chain plan
  • Value chain and flow of structure
  • Inputs
  • Outputs, including customer service structure
  • Inventory points and forecasting
  • Sourcing activities
  • Risks
  • Locations
  • Logistics

Submit your assignment.

Group Project Part II

Group Project Part II

Question is available in the attachment 

The purpose of the second part of the comprehensive project is to compute financial statement ratios. Based on the company you selected in Part I, complete the following:

A.    Compute the following ratios for two years. You may use Excel to compute your ratios.

1.     Debt ratio

2.     Gross profit margin

3.     Free cash flow

4.     Times interest earned

5.     Accounts receivable turnover

6.     Inventory turnover

B.    Prepare a DuPont Analysis of ROE for two years, including computations of

1.     Return on Sales

2.     Asset Turnover

3.     Return on Assets

4.     Financial Leverage

5.     Return on Equity

C.    Evaluate the ratio trends. Your evaluation should be consistent with your calculations for the two (2) years.

Write a 3-6 page report evaluating trends in all of the above ratios. Discuss whether your company’s profitability, efficiency, liquidity, and solvency are improving or deteriorating. Suggest ways the company can improve the ratios that show problems. The report should be well written with a cover page, introduction, the body of the paper (with appropriate subheadings), conclusion, and reference page. References must be appropriately cited. Use APA throughout.
Format: Double-spaced, one-inch margins, using a 12-point Times New Roman font. 

LDRCB/535 Competency 3 Reflection

LDRCB/535 Competency 3 Reflection

Reflection

Competency 3: Develop strategies and tactics to implement positive organizational change. This reflection activity is comprised of two sections, collectively totaling a minimum of 500 words. Complete your reflections by responding to all prompts.

Positive Organizational Change

  • Explain strategies for creating positive, organizational change.
  • How do these strategies stem from the leadership theory you most admire?
  • Provide a scenario to illustrate the implementation of 1 strategy. 

Staying Competitive

  • Explain the relationship between organizational change and the organization’s need to stay competitive in a global market.
  • How much does this relationship drive change?
  • What other factors drive organizational change?

Submit your assignment.