Due Week 5 and worth 150 points

From  the same case that you have chosen for Deliverable 1, you will advise  the CEO on ways forward for the company. In addition, you will examine  the competitive environment, and discuss frameworks for evaluating  various strategies for the company.

Write a three to five (3-5) page paper in which you:

1. Use  a framework of your choice (e.g., Porter’s Five Forces of Competition  from the textbook) to perform a competitive analysis of the company’s  industry. Support your response.
2. Select at least two (2)  innovative and technology trends that the company or its competitors  introduced. Next, examine the feasibility and expected market impact of  the trends you selected. Provide a rationale for your response.
3. Assess  the company’s situation (e.g., its capabilities, resources, etc.)  regarding its recent development. Provide support for your response.
4. Give  your opinion as to whether the company’s organizational structure  supports or impedes its ability to innovate and be a successful company.  Justify your answer.
5. Use at least three (3) quality references. Note: Wikipedia and other 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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This exam contains 10 short essay questions. Answer each one in a paragraph of 6-8 sentences. Write in essay format, beginning with a topic sentence, supporting your answer with details, examples, and explanations, and ending with a concluding sentence. Be as specific as possible. Give specific authors, people’s names, reading titles, dates, and places when you can.

1. What was the primary purpose of business at its earliest stages in history? Include when, where, and among whom these activities took place.
2. Thinking about readings such as Veblen (“Theory of the Leisure Class”), Galbraith (“The Dependence Effect”), Mackey (“Tulipomania”), and O. Henry (“Romance of a Busy Broker”), in what primary ways has the purpose of business changed from the Ancient Era to now?
3. What does “critical thinking” mean as a business manager or owner? How is it helpful?
4. How has the relationship between “religious life” and “business life” changed throughout time?
5. Briefly define what is meant by “the division of labor.” Then, describe its importance in business. [Reminder from instructions: Give specific authors, people’s names, reading titles, dates, and places when you can. This applies to all questions but will not be repeated.]
6. When we refer to the Renaissance as a “rebirth,” what was it a rebirth of? What implications did the Renaissance have for business?
7. What theme do the following have in common: Marx, Mike LeFevre, Connie from Lady Chatterley’s Lover, and Gandhi? Explain this common theme and how your awareness of it will help you in the business world.
8. When did the idea of management as a science develop? How has it developed since then? Identify some key people and their contributions to the science of management.
9. How should a business balance profit maximization with social and ethical responsibilities? (Note: You can have whatever opinion you’d like. The important part of your answer is how you support that opinion with specific facts and concepts from the course.)
10. Pick two cultures that have differing attitudes toward the profit motive. Explain how they contrast.

 

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Optimal Order Quantities

In your studies this week, you found that the optimal order quantity is achieved at the point at which inventory setup cost per unit of time equals inventory holding cost per unit of time. Knowing this, your employer, a manufacturer of office chairs, asks that you determine the optimal order quantity for two suppliers of coil springs.



Your manufacturing facility operates 50 weeks a year and requires a steady supply of 1000 coil springs per week. Supplier A charges $1 for each spring, and you resell them for $4 each. The set up charge is $20 per order. An inventory carrying charge of 25% is incurred.



In a two- to three-page APA formatted paper (not including the title and reference pages), provide the following:

1.  
   1. Complete the table and calculate the optimal order quantity for Supplier A:

Units
Setup costs
Inventory carrying cost
Show equation used with all above values filled in
Optimal order quantity of springs

1. Provide a similar table and calculate the optimal order quantity of springs for Supplier B. Supplier B charges $2 for each spring. The setup charge is $10 per order. All other variables remain the same as with Supplier A.
   
   
   
2. The calculations assume that you are starting with a zero inventory balance. Discuss why zero inventory balance is or is not a desirable condition in most businesses. Be sure to include at least the three benefits of lower inventory carrying costs, having an inventory safety stock, and other potential benefits or risks.

Include at least two scholarly sources in addition to the text to support your discussion and findings.

 

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The FASB and the IASB reached convergence on lease accounting, an important accounting subject, in recent years. You should do some research on how the convergence process evolved on this accounting subject before both standard-setters eventually issued their respective standards addressing this subject. An online search will turn up quite a bit of history and debate which occurred on this accounting subject between both standard-setters and feedback from the public, including publicly listed firms. You also may be able to find at the respective FASB and the IASB websites information related to the convergence process on this accounting subject.

Answer the following questions specifically in your Word document submission by copying and pasting each question in bold type with your answers below each question:

1. Summarize      in a few paragraphs the convergence process on this subject: How long did      it take; was it contentious; what were the areas of disagreement as the      convergence process developed; and once the standard-setters converged,      which side went further than the other, in your opinion, to make the      converged standard a reality?
2. In      your opinion, did the FASB and the IASB reach convergence on this      accounting subject in the issuance of their respective new accounting      standards?
3. If no      convergence was reached, what are the major differences that still exist      on this accounting subject between the FASB and the IASB? Be specific in      identifying any major differences that still exist, including but not      limited to the potential impact on reported revenues and net income.
4. In      your opinion, how did the differences between rules-based and      principle-based standards influence the debate and ultimately the final      standard issued by both standard-setters?
5. Once      the new accounting standard is implemented by companies around the world      in the future, will we really be able to compare Company A in Industry Z      reporting under IFRS to Company B in Industry Z under the US GAAP? Explain      in detail why or why not, justifying your opinion with specific details.      You can even pick a specific company in a specific industry, if you wish,      in preparing your answer to this question.
6. Is      either standard-setter still working on the implementation of the      converged standard? If so, what are 1 or 2 of the key implementation matters      which are still being developed with regards to the new standard?
7. After      doing your research for this Assignment Option, how has your opinion of      convergence — the process, the goals, and the results to date — changed?      Explain in detail.

Requirements:

• Write      a paper of 6 pages in length, not counting the title and reference pages,      which you must include.
• Copy      and paste each one of the Questions into your paper in bold type to ensure      you have answered each of the Assignment Requirements.
• Use      terms, evidence, and concepts from class readings, including professional      business language.
• Cite      at least 5 credible, academic or professional sources for this assignment,      outside of the textbook. 
• Format      your paper according to APA format.

Required

Chapter 12 in Advanced Financial Accounting (p. 621 to the middle of p. 624)

Guillaume, O., & Pierre, D. (2016). The convergence of U.S. GAAP with IFRS: A comparative analysis of principles-based and rules-based accounting standards. Scholedge International Journal of Business Policy & Governance, 3(05), 63-72.

McEnroe, J., & Sullivan, M. (2014). The rise and stall the U.S. GAAP and IFRS convergence movement. The CPA Journal, 84(1), 14-19.

Pacter, P. (2013). What have IASB and FASB convergence efforts achieved? (International Accounting Standards Board). Journal of Accountancy, 215(2), 50-54, 56, 58-59.

Note: There is an important table included in this article titled “Results of Convergence Through 2013” which should be accessed and read from this article.

IASB-FASB convergence. (2019). Deloitte. Retrieved from https://www.iasplus.com/en-us/projects/convergence/iasb-fasb-convergence

Key differences between the US GAAP and IFRSs. (2019). Deloitte. Retrieved from https://www.iasplus.com/en-us/standards/ifrs-usgaap

Comparability in international accounting standards-a brief history. (n.d.). Financial Accounting Standards Board. Retrieved from https://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176156304264

Doupnik, T. S., & Perera, H. (2015). International accounting (4th ed.). New York, NY: McGraw-Hill Publication.

 

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Review the 1) dividends for the past three years and 2) capital structure of the company you have been researching for your SLP assignment. Then answer the following questions in a Word document (except for the Excel portion specifically noted). The paper should be 2 pages in length.

1. What has occurred with your selected company’s dividend payout, dividend yield, and dividend per share over the past three years? Do you have any explanations for what has occurred? Also, has this company had any stock splits or stock repurchases in recent years?
2. How does your selected company’s dividend payout, dividend yield, and dividend per share compare with other companies in its industry? Has the company’s dividend strategy been similar to other companies in its industry?
3. Use Excel to plot your selected company’s earnings and dividends over the past three years. Do you notice any patterns? What dividend policies from the background readings best match these patterns?

SLP Assignment Expectations

• Answer the assignment questions directly.
• Stay focused on the precise assignment questions. Do not go off on tangents or devote a lot of space to summarizing general background materials.
• For computational problems, make sure to show your work and explain your steps.
• For short answer/short essay questions, make sure to reference your sources of information with both a bibliography and in-text citations. See the Student Guide to Writing a High-Quality Academic Paper, including pages 11-14 on in-text citations. Another resource is the “Writing Style Guide,” which is found under “My Resources” in the TLC Portal.

 

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