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Learning Journal Unit 1
In Chapter 1 of the text, goal setting is discussed. Select a business-related or professional goal (e.g. lose weight, complete a course of study, find a new job, etc.) you want to achieve in the next 12 months. Address each part of the SMART technique -- Specific, Measurable, Achievable, Realistic, and Time-bound– providing relevant details about the goal for each component of the goal-setting process.
Be sure that your Learning Journal entry is a minimum of 500 words.
Question 1
Josh and Amy are finance trainees at a company which has been reporting a positive cash flow for the last 5 years. Both Josh and Amy have learned in their finance courses at the university that “cash is king” and is more important than reported profits by a company. Guided by this knowledge, none of them feels a need to review the company’s cash flow pattern over time. Are they necessarily correct in their understanding about a firm’s long-term cash flow situation?
Discuss briefly in no more than 100 words
Question 2
Staycate Travels Inc. reports a gross profit of $35,000, interest expense of $4,000, a tax rate of 30% and earning after taxes of $8,610. What is Staycate’s depreciation expense?
Consider the role of management accounting in relation to the company for which you work (or have worked). Discuss how the principles of management accounting can be utilized. What specific managerial accounting activities would be useful?
ABC sells musical instruments online. In the recent week the company has observed that there are a lot of visits on the Guitar landing page of the website, but consequently, the percentage of actual conversions into sales is very small.
Write a short story of a family who applied for either a business loan or a consumer
loan showing how they struggle but, in the end, become successful because of the
loan they got.
QUESTION
1) Good ethical decision making in business requires consideration of the legitimate interests and expectations of key stakeholders. In regard to any significant company decision or policy, it's important to ask:
a) Who will be helped by this?
b) Who will be harmed?
c) Are we at risk of violating anyone's rights, breaking promises, or undermining trust?
d) Are there other alternatives that are consistent with our existing commitments and obligations, and which would produce a greater balance of good over harm or no harm at all?
e) If the interests of some of our stakeholders conflict with those of others, whose ought to be paramount?
With those questions in mind, as you read Kirk Hanson's overview of ethical issues in start-up companies, whom would you identify as key stakeholders for entrepreneurs to consider?
The daily demand for a product in a shop can assume one of the following
values: 100, 200, or 300 items with probabilities 0.2, 0.5 and 0.3. The owner of the store is thus limiting the alternatives to stocking one of the indicated three levels. If the owner stocks more that it can be sold in the same day the remaining items must be disposed at a discount price of 50 cents per item. Assume that the owner pays 80 cents per item and sells it for 120 cents, find the optimal stock level.
The final assembly of electric generators at Electro is produced at the
Poisson rate of 10 generators per hour. The generators are then conveyed on a belt to the inspection department for final testing. The belt can hold a maximum of 7 generators. An electronic sensor will automatically stop the conveyor once it is
full, preventing the final assembly department from assembling more units until a space becomes available. The time to inspect the generators is exponential, with a mean of 15 minutes.
a. What is the probability that the final assembly department will stop
production?
b. What is the average number of generators on the conveyor belt?
c. The production engineer claims that interruptions in the assembly department
can be reduced by increasing the capacity of the belt. In fact, the engineer claims
that the capacity can be increased to the point where the assembly department can operate 95% of the time without interruption. Is this claim justifiable?
Suppose you have joined as HR executive in a software company so what are the various career programs will you consider?
Business management is multidisciplinary in nature (based on more than one discipline). Provide three arguments to support this statement. Substantiate your answer by indicating five disciplines from which Business management borrows concepts
