Assignment: On a recent trip to Africa, J. T. Brown, sales manager of Prompt Technology, took his wife along at company expense. Linda White, vice president of sales and Brown’s boss, thought his travel and entertainment expenses seemed excessive. But White approved the reimbursement because she owed Brown a favor. White was aware that the company president reviews all expenses recorded in the cash payments journal, so White recorded Brown’s wife’s expenses in the general journal as follows: debit to Sales Promotion Expense for $9,100 and credit to Cash for $9,100.

Requirements

1. Does recording the transaction in the general journal rather than the cash payments journal affect the amounts of cash and total expenses reported in the financial statements?
2. Why did White record these expenses in the general journal?
3. What is the ethical issue in this situation? What role does accounting play in this issue?

 

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Module 03 Written Assignment – Asset Liability Management

For this assignment, you will choose a Fortune 500 company and write a three to four page research paper in which you discuss asset-liability management (ALM). Make sure to look over the lecture material as well as the readings this week and answer the following questions.

• In your own words describe what asset-liability management is and who is responsible for the five aspects of Asset-Liability Management: liquidity, interest rates, currency, funding of capital projects, and planning for profit and growth for the Fortune 500 company you have chosen?
• Describe how management for this organization is responsible for mitigating these risks, and give an example of a strategy that may be used to mitigate a specific risk.

Requirements APA format, Two-spaces after period. Min of 4 pages

Be sure to include an introductory paragraph at the beginning and a concluding paragraph at the end of your paper. Because your paper is required to be more than one page in length, you should use subject headings to label your paper as appropriate. Keep in mind that this is a research paper; and, as such, should be informed by your research articles. Be sure to include APA citations to support your assertions and to inform your paper. You will need to include a reference page with this paper. Be sure to proofread your paper to ensure that is free from all grammar and spelling errors.

Submit your completed assignment to the drop box below. Please check the Course Calendar for specific due dates.

Module 03 Written Assignment – Asset Liability Management

Scoring Rubric:

Criteria	Weight
Identified Fortune 500 organization- what makes it 500 and why chosen	10
Identified who is responsible for the five aspects of ALM- what is ALM and how are they specifically responsible	20
Discussed how management is responsible for mitigating these risks- 10 for each	30
Example given of a strategy that may be used to mitigate risks- be specific and detailed.	30
The assignment met the minimum page length of 3 pages	5
The assignment included a brief introduction and conclusion, demonstrated the use of library resources, and demonstrated proper APA mechanics	5
Total	100

 

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ASSIGNMENT

1) Describe the Defense Acquisition Board and its role in acquisitions.

STUDENT 1 : Mike

The Defense Acquisition Board consists of senior leader entities in the acquisition department of the Department of Defense. They key people include the Joint chiefs of staff, the secretaries of all military branches, different department secretaries of defense, and directors of several different acquisition departments. These individuals sit at the top approval authority for major defense programs for the DoD. They also will approve programs that are special interests for the DoD that are may be complex, need a huge commitment of resources, or if a critical program that is needed. It also is used if the contract or service affects all branches of the military.

One major defense acquisition program that I was directly involved in was the acquisition of the Stryker armored fighting vehicles for the U.S Army. This huge contract affected the U.S Army in a very drastic way with hundreds of millions of dollars spent introducing this program into the Army. The Defense acquisition board had picked General Dynamics based out of Canada to create this new armored fleet. This contract transformed four brigades into Stryker brigades and costs millions to transform units to conform to the new parameters. This also meant that new equipment training that incorporated the DOTMLPF steps was also established amongst the ranks. Facilities needed to be retrofitted to conduct maintenance on the vehicles and new training areas needed to be constructed to test and use the vehicles. Overall this program because of its grand scale was left up to the Defense Acquisition Board to approve.

Mike

STUDENT 2: Kaitlin

The Defense Acquisition Board is an advisory board for defense acquisitions in the Department of Defense of the United States of America. The Secretary of Defense for Acquisition, Technology and Logistics is the chair of the board. On the advisory board is the Vice Chairman of the Joint Chiefs of Staff, the Service Secretaries (secretary of the Air Force, Secretary of the Navy, Secretary of the Army), and a number of Under Secretaries of Defense. The board is important for the Defense Acquisition System because they deal with projects that have will have a big impact on the Department of defense. This includes new tanks, fighter aircraft, or C3 systems. So, basically anything that will impact multiple branches or cost a lot of money goes to the Defense Acquisition Board. TheOverarching Integrated Product Team (OIPT) supports the Defense Acquisition Board. It initiates communicates and validates issues before the DAB meets The Defense Acquisition Board is the principal review forum enabling the Under Secretary of Defense for Acquisition, Technology, and Logistics (USD (AT&L)) to fulfill 10 USC Chapter 144 responsibilities concerning Acquisition Category (ACAT) I Programs.

I have not personally had the opportunity to work with the Defense Acquisition Board or heard of anyone who has had that opportunity. However, I believe that it would be a great opportunity. I probably do not have enough rank right now to get that opportunity yet. Honestly until this course I had never heard of the Defense Acquisition Board until this course.

Have a god day class.

STUDENT 3: Luis

The Defense Acquisition Board is another level of review for acquisition programs. Specifically, the “DAB is the senior-level defense forum for advising the USD(AT&L) on critical issues concerning ACAT ID programs. (Brown, 2010) The need for the board stems from 10 USC Chapter 144 where Congress mandated that the Secretary of Defense review major defense acquisition programs (MDAP). This responsibility is delegated to the under secretary of defense for acquisition, technology, and logistics. Brown also explains that the result of a DAB review is a decision from the USD(AT&L), documented in an Acquisition Decision Memorandum.

So, let’s move on to explain the role of a DAB in acquisitions. After thorough research I was able to find an Audit Report from the office of the DOD Inspector General regarding the Defense Acquisition Board Review Process. This report detailed the role the board fulfills and also the processes it follows when doing so. The reviews of the DAB ensure that a program is ready to proceed into more advanced stages of development or production before receiving [USD(AT&L)] approval and that the proposed program plans for subsequent stages are consistent with sound acquisition management practices. (Audit Report, 1994) The DAB is comprised of many high level senior leaders with experience in many different aspects of defense programs. Convening a team with this experience and background ensures major defense acquisition programs are being held to the highest level of scrutiny. The board also convenes and provides feedback and approvals between each milestone of the acquisition program as well to ensure oversight of each stage of the process.

v/r

Luis

References

Audit Report: Defense Acquisition Board Review Process (1994). Office of the Inspector General. Publication: Report No. 95-068 retrieved from http://www.dodig.mil/audit/reports/fy95/95-068.pdf.

Brown, B. (2010). Introduction to defense acquisition management. Fort Belvoir, VA: Defense Acquisition University Press.

 

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Calculate the following problems and provide an overall summary of how companies make financial decisions in no more than 700 words, based on your answers:

1. Stock Valuation: A stock has an initial price of $100 per share, paid a dividend of $2.00 per share during the year, and had an ending share price of $125. Compute the percentage total return, capital gains yield, and dividend yield.
2. Total Return: You bought a share of 4% preferred stock for $100 last year. The market price for your stock is now $120. What was your total return for last year?
3. CAPM: A stock has a beta of 1.20, the expected market rate of return is 12%, and a risk-free rate of 5 percent. What is the expected rate of return of the stock?
4. WACC: The Corporation has a targeted capital structure of 80% common stock and 20% debt. The cost of equity is 12% and the cost of debt is 7%. The tax rate is 30%. What is the company’s weighted average cost of capital (WACC)?
5. Flotation Costs: Medina Corp. has a debt-equity ratio of .75. The company is considering a new plant that will cost $125 million to build. When the company issues new equity, it incurs a flotation cost of 10%. The flotation cost on new debt is 4%. What is the initial cost of the plant if the company raises all equity externally?

Submit your summary and all calcluations.

 

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1. Review the “Big Data Ethics: 8 Key Facts To Ponder” Topic Material. Discuss specific ways that you can apply a Christian worldview when accessing, collecting, and analyzing data within a business setting. Include discussion of why awareness and understanding of ethical issues is an important part of being a data analytics professional. Support your ideas with relevant industry examples.

Read “Big Data Ethics: 8 Key Facts to Ponder,” by Morgan, from Information Week (2015).

URL:

https://www.informationweek.com/big-data/big-data-…

2. How did you determine the data timeframe to review? Why did you select the data that you used for your analytics project? Why did you exclude other data? What barriers can you come up against when trying to obtain data (i.e., confidential data, personal data, or personnel data)?

**The Data that we choose for our project is attached below so you can better answer question 2. Thanks!

 

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