1) a. current liability: Money that a business owner must pay to a creditor within 12 months of the balance sheet date is a current liability. Ideally, short-term assets, such as cash and accounts receivable, should more than offset short-term liabilities, such as accounts payable, notes payable and payroll. If they do, the company 's short-term liquidity position is positive, which suggests the company will likely meet its cash-flow needs and remain a going concern. It is wise for a business owner to remain alert to his company 's current liabilities and the cash and assets that will be turned to cash within one year to meet these obligations. 1) b. Long-term liabilities are due more than a year after the balance sheet date.
In the case of Harris v. Forklift Systems, the plaintiff, Teresa Harris, brought a Title VII action against her former employer, Forklift Systems, Inc., an equipment rental company. She claims that Forklift Systems had created a sexually hostile work environment. Harris had worked for Forklift as a manager from April 1985 to October 1987. A Judge heard the case and found that during the period of Harris’ employment, Forklift’s President, Charles Hardly, subjected Harris to numerous offensive remarks and unwanted sexual innuendos heard the case. Specifically, the court found that Hardy had, on a number of occasions, asked plaintiff and other female employees to retrieve coins from his front pants pocket, also asked them to retrieve objects that he had thrown on the ground in front of them and commented, using sexual
Abby prefers to allocate indirect cost using activity-based costing for these orders, but recognizes that not all costs are driven by volume of output. Abby prepares a
Performance objectives? Strategies? Action Steps for
• Don’t induce fear through an individual or store performance indicator. • Give better commission rate during slow hours to balance the SPH. 2. Re-orient the middle management: I would say that the lack of communication between the top and the middle management is one of the primary reasons for these issues being created.
EXECUTIVE SUMMARY Black and Decker is a manufacturing company which produces power tools and accessories, household products, security hardware and outdoor products. B&D has a good ranking both in Europe and US, which is 19 and 7 respectively. The company has a really strong market position with their products in the “consumer” and “industrial” segment, contrarily to their inefficiency in the fastest growing segment, “tradesmen”, which their rivals are really strong at. Accordingly, company wants to increase their market share on this segment and establish recognition of their brand on the tradesmen segment.
Direct labor which is a human resource will be recalculated on the basis of sales of 3 million bikes. It may happen to produce 1 million products, they require 50000 employees but to produce 3 million products they require 200000 employees and to be on safer size, 10% extra labor will be recruited which will give a total of 220000 employees. Therefore it is clearly understood that the company can prepare their Labor Requirement budget directly from the sales budget. The same concept will apply to overhead and capital expenditures because overheads are directly proportional to the production and if the sales are high, product will automatically are high. Similarly quantity requirement will lead to the requirement of machines.
Upper management’s conversations, meetings, and projects allow me to be constantly up to date with company’s results and changes. Treasury management
3. Decision opportunity cost. 4. Project schedule cost. 5.
Recommendation to Management what should managers do? Programs policy should be implemented? Managers should be knowledgeable about the Fair Labor Standards Act because not knowing the law can be very detrimental to a company. They should understand the Fair Labor Standards Act exemptions to avoid errors. Employers should implement use of an automated time tracking system to track, record and save time punches.
Through organization analysis I’ll evaluate if our company has the
Project Concept and Strategy a. Was the Woody 2000 project well-conceived? Give reasons for your opinion. Ans. When a project is to be conceived, it broadly needs its planners to: - Lay down the objectives of the objectives of the project - Lay down the strategies, to achieve the objectives - Communicate these objectives to the staff - Break down the strategies into work activities - Assign members who would work on each of the activities - Decide the activities that will need outsourcing, and account for them - Assign timelines to each of the activities - Assign performance indicators/measurables to each of the activities - Estimate the cost of each activity, and thus the cost of the total project - Take into account the contingencies - Lastly,
The management of the organisation has been assisting
Empower the workers. Allow them to comprehend that they are major. Place confidence in them trust and appreciate them. Supply them expertise and talents. Give suggestions on their efficiency and admire their work and preserve their morale high.
Based on our calculations in Appendix 1. at the first stage support costs were allocated to two existing departments, i.e. Machining and Assembly, based on direct labor hours. Therefore total amount of costs assigned to Machining department is $472.000,00 and to Assembly department is $248.000,00. At the second stage total costs from both departments were distributed to products (Regular and Deluxe). Referring to our calculations in Appendix 1.
