Write and mention an Executive Summary about How Goods and Services Affect Operations Management Activities using the guidelines provided.

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Business  Project

How Goods and Services Affect Operations Management Activities, Project objective: The objective of this project is to familiarize students with real life Common, How Goods and Services Affect Operations Management Activities, by providing a research about the Key Benefits of Effective Operations Management (your choice to work alone or with a group – confirm with your teacher) The innovative part of this project is to create some form of media to share their research: in the form of a blog, video, PowerPoint, or podcast. Please find the following topic:

How Goods and Services Affect Operations Management Activities

The due date to submit your project is: May 15, 2023

Project’s Objectives:

  1. Students will write and mention an Executive Summary about How Goods and Services Affect Operations Management Activities using the guidelines provided.
  2. Students can create either a blog, a video, a research paper, a PowerPoint, or a podcast, sharing and summarizing their findings and own ideas. You only need to choose one resource to create.
  3. Submissions must be made on Google class room unless prior approval from the teacher regarding the submission is obtained.

 

Perform an analytical procedure, identify the key financial ratios and the key accounts that the audit team should pay greater attention to, and explain why.

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Business Question

Case Information:  You are the audit senior of High-Quality Equipment Pty Limited (HQE), a consumer electronics and home appliances manufacturing company. Mobile Technology Pty Ltd (MT), a publicly listed company in the United States, is a mobile phone manufacturer. HQE is the wholly owned subsidiary of MT (i.e., MT is holding 100% shares of HQE). HQE was found in Australia in 2017. During the last five years, HQE has been profitable and the growth in revenue has been substantial. However, liquidity has been a major problem. To resolve this liquidity issue, HQE has chosen not to repay the debt owed to MT, and MT approved this request because it believes that HQE can become a “cash cow” in the future. Due to the rapid growth of HQE, the company’s staff and accounting systems were under pressure. For example, HQE employed many temporary staff in the accounting department to make sure they can process daily transactions on time. Meanwhile, projects aimed at keeping the accounting systems up to date with business growth are undertaken by full-time employees. The accounting department has experienced a significant staff turnover in the past two years, which can be attributed to the demands of a rapidly expanding business, including high pressure and long working hours. HQE has 12 full-time employees in the accounting department. However, apart from the financial controller and management accountant, no other employee has been with the company for more than two years. You are planning the 30 June 2023 year end audit of HQE and have recently had a planning meeting with the financial controller. At this meeting you were informed of the following:

 

  • It is expected that the sales will be $20 million in 2023. The primary reason for the increase from the previous year is a significant order received from the Victoria State Government.”
  • Gross margin is expected to be 31%. The decline in margin can be attributed to challenges experienced during the year, resulting in a significant quantity of products being air-freighted on short notice from the parent company.
  • From discussions with the credit manager, you realized that the accounts receivable is running at 93 days, which exceeds the industry norm of 70 days, while third-party creditors are typically paid within 45 days.
  • Inventory at the 2023 year-end is expected to be $6.2 million. Despite a decrease in the order book over the past few months, management made the decision to maintain production at its maximum capacity. In anticipation of a temporary decrease in orders (i.e., just a short-term but not a long-term trend), management chose not to terminate manufacturing staff. Also, it is expected that HQE will receive another big order from the Victoria State Government after the year end. Management aims to surpass delivery time expectations and achieve a competitive advantage over other companies.
  • The parent entity (MT) has verbally informed the HQE management team that they will not need to pay its parent in U.S. within the next 12 months and that MT will continue to support the Australian operations.
  • Some new software systems (e.g., software over inventory and trade receivables) were implemented across the year. However, the general ledger system has not yet been integrated with them. Reconciliations are carried out between the subsidiary ledgers and the general ledger control accounts on a monthly basis. During the process of reconciling the inventory account, the accounting manager identified some unknown mistakes, and he doubted that these mistakes were caused by the differences in exchange rates used when 4 converting overseas purchases between the subsidiary and general ledgers. Last month’s unreconciled difference was $234,000.
  • There will be no full physical inventory count at the end of this year. This is because a cyclical stocktaking method was implemented earlier in the year, and auditors did not find any issues with recording physical inventory. You were not aware of this until the planning meeting.
  • Some suppliers complained to the HQE sales team that they don’t want to receive more confirmation requests (i.e., in 2022 audit). The sales manager has therefore requested that the auditors shall not contact some suppliers at the forthcoming year end (i.e., in 2023 audit).
  • The manager recently dismissed an employee because he was found to create false records of his working hours, resulting in overpayment to him. The overpayment was $14,000 (over a period of 7 months). You, as the audit senior, examined the payroll system during last year’s audit, and did not look at this specific aspect of the system. The manager was angry that the auditor did not identify the weakness in the payroll system.

The audited income statement and balance sheet for the last two years together with management’s estimates for this year are as follows.

Required:

  1. Based on the provided information in this case, please identify two major inherent risks and explain why you believe they are inherent risks.
  1. Perform an analytical procedure, identify the key financial ratios and the key accounts that the audit team should pay greater attention to, and explain why.
  1. Identify two major control risks and explain why you believe they are control risks.
  1. Based on your assessment of the three components of the audit risk, what audit strategy would you adopt? Explain why.
  1. Perform an assessment of the ability of the company to continue as a going concern in the future. Justify your answer.
  1. How would you answer the client’s concern that you did not identify the problems in the payroll system or even advise them of the internal control weakness?

What is one of the worst decisions you have had to deal with in the work environment? What was the short term impact? What was the long-term impact?

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Business Question

“If the people who make the decisions are the people who will also bear the consequences of those decisions, perhaps better decisions will result.”
John Abrams, The Company We Keep: Reinventing Small Business for People, Community and Place

We have all suffered the effects of poor decision-making by a boss. Often the bad decision was made in haste or without regard to the impact it would have on those who had to live with the decision.

  • What is one of the worst decisions you have had to deal with in the work environment? What was the short term impact? What was the long-term impact?

You are expected to participate during the current week’s discussion. Contact your instructor in cases of emergency or uncontrollable circumstances.

What are the key features of Netflix compensation plan? And how does this compare with other companies? Would u recommend that Netflix change its compensation program? Why?

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Simple questions.

What are the key features of Netflix compensation plan? And how does this compare with other companies?

Would u recommend that Netflix change its compensation program? Why?

What are the significant causes of workplace stress and how can employers help employees get a stress-free environment at their workplace?

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Business Psychology

Workplace stress is a serious concern for many employers and employees. What are the significant causes of workplace stress and how can employers help employees get a stress-free environment at their workplace?

Create a P/E table and a Price/Sales table if your company has no earnings. Use the next year figures as we are trying to calculate what your stock will be worth next year.

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Financial modeling

5.1. Create a P/E table and a Price/Sales table if your company has no earnings. The only difference for the price sales table is that you now estimate a pessimistic, expected, and optimistic price/sales ratio along with revenue estimates. To obtain Revenue estimates, EPS, P/E and P/S use Thomson Reuters or Bloomberg applications. After typing in your ticker, on the left hand side, click Estimates and then Detail Estimates. There should be an average, low, and high estimate. Use the next year figures as we are trying to calculate what your stock will be worth next year.

5.2. After calculating your stock estimates, you can also calculate return estimates by simply taking next year’s expected price and dividing it by the current stock price minus one to determine your expected return. Do this. Below is an example for the P/E:

If the current stock price is $25, your P/E table would look like this:

Table X[1]: Table X shows the stock price estimates for XXX (your stock) next year using PE ratios. Both pessimistic and optimistic PE ratios are given along with the expected PE ratio. These ratios are combined with low, average, and high EPS estimates. The expected stock price and return is $28 and 12% respectively. Estimates range from $18, (-28%) to $48, (92%).

PE / EPS

Current: Price = $25,

PE = 14.5, EPS = $1.72

 Low est. = $1.50 Average = $2 High est. = $3
Pessimistic = 12 $18, -28% $24, -4% $36, 36%
Expected = 14 $21, -16% $28, 12% $42, 68%
Optimistic = 16 $24, -4% $32, 28% $48, 92%

Define ethical research. Give one example of ethical misconduct, give examples of why you think this. Provide one example of an unethical research study and state why it is unethical.

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 Ethical research

Define ethical research. Give one example of ethical misconduct, give examples of why you think this. Provide one example of an unethical research study and state why it is unethical.

Based on your reading of the article “Leading Change” by John Kotter (1995), discuss three ideas, suggestions, or sections of the article that you found interesting.

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Discussion post and response

Part 1(a) This discussion post will need to be at least 400 words. With in text citations. Should use at least 2 references that are based in the United States.

Based on your reading of the article “Leading Change” by John Kotter (1995), discuss three ideas, suggestions, or sections of the article that you found interesting.

For example, in Error 1, Kotter argues that it is extremely difficult to get people to change because it means they must move out of their comfortable routines and into the unknown. Leaders often fail to create a great enough sense of urgency around the change to make people want to do things differently. If your organization has gone through a change recently, then you might want to discuss whether or not a “sense of urgency” was established. What was the response?

Part 2 (a) Should be at least 250 words with in text citations. Should also be at least 2 references that are based in the United States and websites. This is a discussion post response. It should extend on to what was said.

Has vaccination made differences in inflation rates across the states in the U.S. (or the countries in the world)? Has the ongoing US-China antagonism affected the bilateral trades between these two countries?

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Discussion 5

The writing involves the following five parts:

  • Introduction (what is the hypothesis you want to test; what is the population data you have in mind)
  • data collection (what your sample data is and from where you collect them; on what basis you are convinced the sample is random)
  • data summary and visualization (the basic summary statistics of your data and a visualization of the main feature of the data)
  • hypothesis testing (a statistical statement of the hypothesis you want to test and the test statistics that you have computed)
  • conclusion (what you can conclude concerning your hypothesis based on your test statistics)

You can choose your favorite statistical software to conduct the project. Write a 1.5-page single spaced memo of the data project detailing the above four parts and to submit the data file along with the memo.

Examples topics:

  1. Has vaccination made differences in inflation rates across the states in the U.S. (or the countries in the world)?
  2. Has the ongoing US-China antagonism affected the bilateral trades between these two countries?
  3. Is the same kind of bagels priced higher in Walmart than in Costco?

Demonstrate your knowledge of finance as well as the ability to use that knowledge in an investment situation.

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Investment Decision Project

Your new employer has granted you a $100,000 bonus that requires that you invest the funds within 1- week of receiving the bonus. Your assignment is to describe to me the investment(s) that you will make with those proceeds. You may assume that you cannot use the funds for a minimum of 30 years but you must describe the factors that led you to this decision. Your current investment choice(s) does not have to be for the entire 30 years but you cannot use the funds during that time. Your choice of investments must be in a security that is registered with the Security Exchange Commission (for the most part, this means that it is publicly traded). Your analysis should not be limited to the following factors but may help you get started with the process:

  • The potential economic, political and geopolitical considerations, regulatory, and environmental factors that we anticipate for the next 4 or more years.
  • The other investments that you may currently own (fictitious or real are ok).
  • Future secular economic trends that you believe to be important.

Think of this assignment as part of a job interview process where you must demonstrate your knowledge of finance as well as the ability to use that knowledge in an investment situation.
This is an individual assignment so you should not consult anyone about this analysis. Duplicate or similar submissions will be graded down.

Your answer to this question should be limited to 1-page, using 11-point font. The portion of your answer that extends beyond that limit will not count toward your grade.