Description
How might a company determine if the internal controls are effective? Looking for an explanation in about 125-150 or so words
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
Review
Review
Anonymous
Just the thing I needed, saved me a lot of time.
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
Excel Statistics
Need Help Please?You are the manager of a retail store and want to investigate how various metrics can improve the way you ...
Excel Statistics
Need Help Please?You are the manager of a retail store and want to investigate how various metrics can improve the way you manage your business.Use the Week 5 Data Set to create and calculate the following in Microsoft® Excel®:Conduct a goodness of fit analysis which assesses orders of a specific item by size and items you received by size.Conduct a hypothesis test with the objective of determining if there is a difference between what you ordered and what you received at the .05 level of significance. Identify the null and alternative hypotheses.Generate a scatter plot, the correlation coefficient, and the linear equation that evaluates whether a relationship exists between the number of times a customer visited the store in the past 6 months and the total amount of money the customer spent.Set up a hypothesis test to evaluate the strength of the relationship between the two variables.Use a level of significance of .05.Use the regression line formula to forecast how much a customer might spend on merchandise if they visited the store 13 times in a 6-month period.Use the average monthly sales of 2014 ($1,310) as your basis to:Calculate indices for each month for the next two years. Graph a time series plot. In the Data Analysis Toolpak, use Excel's Exponential Smoothing option in order to:Apply a damping factor of 0.5 to your monthly sales data.Create a new time series graph that compares the original and revised monthly sales data.
6 pages
Global Marketing Of A Us Product
Tesla Inc. was founded in the year 2003 in Silicon Valley. The company is a technology firm that specializes in the making ...
Global Marketing Of A Us Product
Tesla Inc. was founded in the year 2003 in Silicon Valley. The company is a technology firm that specializes in the making of vehicles with electric ...
6 pages
Journal Article Critical Analysis
The study chose the article by Richie et.al, (2001) about the reintegration of women who are found to be living in jail of ...
Journal Article Critical Analysis
The study chose the article by Richie et.al, (2001) about the reintegration of women who are found to be living in jail of the urban communities for ...
6 pages assignment
Assignment from nickkynickkyDuring this class, we examined a range of methods used in operations management to monitor, as ...
6 pages assignment
Assignment from nickkynickkyDuring this class, we examined a range of methods used in operations management to monitor, assess, and improve performance in health care organizations. In this final Assignment, you will review the Learning Resources made available throughout the class, and any additional external resources you may find. Then, you will synthesize your understanding of these resources, applying your knowledge to the Pediatric Hospital case study.According to the case study, a kaizen event revealed that variability in operations performance and outcomes was the root cause of a bottleneck in scheduling MRIs. Three solutions were provided, including:Modify the master schedule.Streamline the insurance authorization process.Implement standardized work instructions.To prepare for this Assignment:Read the Pediatric Hospital in Tough Market Pegs Growth to Lean Process Improvement case study by Tonya Vinas, located in the Learning Resources. Review the key metrics and current state of the organization before the interventions were conducted.The Assignment:In a 6- to 7-page report to the board of directors (not including title page or references):Assess operations requirements and resources for Pediatric Hospital. Describe what is working and what is not working.Conduct a quantitative and qualitative benchmark literature review and scan of operations best practices (from the health care industry or outside the health care industry) and provide and evaluate an example of an initiative that a high-reliability health care organization has implemented, and indicate how Pediatric Hospital can implement that initiative.Evaluate Pediatric Hospital’s readiness for the transition of health care systems from a volume- to value-based delivery system. Using data provided in this case, provide relevant and practical recommendations to improve its readiness and how it might affect the implementation of the initiative.Analyze the operational implications of 2–3 current health care reforms and mandates that might affect the implementation of the initiative.Consider current and future trends and forces in operations management excellence and assess how these can help this Pediatric Hospital and other similar health care organizations to become a sustainable model for high-reliability organization.Submit your Final Project by Day 7 of Week 11.Refer to the Final Project Rubric for specific grading elements and criteria. Your Instructor will use this rubric to assess your work.
Edmonds Community College Financial Accounting Budgets Kensic Company Worksheet
DATA: The East Division of Kensic Company manufactures a vital component that is used in one of Kensic’s major product l ...
Edmonds Community College Financial Accounting Budgets Kensic Company Worksheet
DATA: The East Division of Kensic Company manufactures a vital component that is used in one of Kensic’s major product lines. The East Division has been experiencing some difficulty in coordinating activities between its various departments, which has resulted in some shortages of the component at critical times. To overcome the shortages, the manager of East Division has decided to initiate a monthly budgeting system that is integrated between departments.The first budget is to be for the second quarter of the current year (April, May and June). To assist in developing the budget figures, the divisional controller has accumulated the following information.Sales: Sales through the first three months of the current year were 30,000 units. Actual sales in units for January, February, and March, and planned sales in units over the next five months, are given below:January (actual) 6,000February (actual) 10,000March (actual) 14,000April (planned) 20,000May (planned) 34,000June (planned) 51,000July (planned) 45,000August (planned) 30,000In total, the East Division expects to produce and sell 250,000 units during the current year.Direct Material: Two different materials are used in production of the component. Data regarding these materials are given below:MATERIAL 208:Materials per Finished Component: 4 poundsCost per lb: $5.00Inventory at March 31: 46,000 poundsMATERIAL 311:Materials per Finished Component: 9 feetCost per foot: $2.00Inventory at March 31: 69,000 feetMaterial No. 208 is sometimes in short supply. Therefore, the East Division requires that enough of the material be on hand at the end of each month to provide for 50% of the following month’s production needs. Material No. 311 is easier to get, so only one-third of the following month’s production needs must be on hand at the end of each month.Direct Labor: The East Division has three departments through which the components must past before they are completed. Information relating to direct labor in these departments is given below:SHAPING DEPARTMENT:Direct Labor-Hours per Finished Component: .25Cost per Direct Labor hour: $18.00ASSEMBLY DEPARTMENT:Direct Labor-Hours per Finished Component: .70Cost per Direct Labor hour: $16.00FINISHING DEPARMENT:Direct Labor-Hours per Finished Component: .10Cost per Direct Labor Hour: $20.00Direct labor is adjusted to the workload each month.Manufacturing Overhead: East Division manufactured 32,000 components during the first three months of the current year. The actual variable overhead costs incurred during this three-month period are shown below. Each Division’s controller believes that the variable overhead costs incurred during the last nine months of the year will be at the same rate per component as experienced during the first three months.Utilities $ 57,000Indirect Labor $31,000Supplies $16,000Other $8,000Total variable overhead $112,000The East Division has planned/estimated fixed manufacturing overhead costs for the entire year as follows:Supervision $ 872,000Property Taxes $143,000Depreciation $2,910,000Insurance $631,000Other $72,000Total fixed manufacturing Overhead $4,628,000Finished Goods Inventory: The desired monthly ending inventory of completed components is 20% of the next month’s estimated sales. The East Division has 4,000 units in the finished goods inventory on March 31.Selling and Administrative Expenses: Selling and Administrative Expenses are budgeted at $400,000 per month plus 1% of total credit sales for the month.REQUIRED:3. Prepare a schedule of cash payments for direct materials for the second quarter. Assume that all direct materials are purchased on account and the East Division pays for ½ of the amount purchased in the month of purchase and the other ½ in the month following the purchase. The balance in the Accounts Payable account at 3/31 was $351,200.6. Compute a new “selling price per unit” for the East Division that will enable them to accumulate a balance of $100,000 in their cash account by the end of the second quarter. Assume that the cash balance at March 31 was $10,000.7. Using the selling price per unit computed in #6 prepare a sales budget for the second quarter. Show computations by month and in total for the quarter.8. Prepare a schedule of expected cash collections for the second quarter using the selling price per unit calculated in question #6. Assume that the East Division collects on its credit sales as follows; 70% in the month of sale, 20% in the month following the credit sale, 10% in the second month following the credit sale. To compute the balance in Accounts Receivable at 3/31 assume that the selling price per unit prior to 3/31 was $75.00.9. Prepare a cash budget for the second quarter in month and in total for the East Division. (This is what haven't been done! The rest were all done. I just need you to check on them again if they're correct!)
CUNYLC Sports Management the Expanding of The US NFL & NBA Leagues Discussion
Essay - 600 Word Minimum in TOTAL for all 3 sections a, b, and c. � ...
CUNYLC Sports Management the Expanding of The US NFL & NBA Leagues Discussion
Essay - 600 Word Minimum in TOTAL for all 3 sections a, b, and c. Please answer the questions in as much detail as possible and you can certainly go over the word count minimum if you’d like. Please answer the following questions in detail and in essay format and provide examples where necessary and where you think can add value to your writing.1) Describe and explain both the pros and cons of both leagues (NFL and NBA) expanding outside of North America. a) NFL pros of expansion and cons of expansionb) NBA pros of expansion and cons of expansion2) For which league (NBA or NFL) do you think an expansion abroad makes the most financial sense? Describe in which financial areas that league stands to gain. 3) If you could choose to expand either an NBA or NFL team abroad which one would it be and to where would you expand? Please explain your choice in detail.
Similar Content
Lebanese International University TM Definition Questions
Now that you have been in the course for two weeks, think of how varying definitions in TM impact you.1. Are there areas y...
Strategic Plan: Implementation Plan, Strategic Controls, and Contingency Plan Analysis
*** Use the same startup organization, Career/Education counseling for Military Veterans, used in the attached Part 1, 2, ...
PMGT 424 Saudi Electronic University Quality Management Questions
read: “Developing a generic model for total quality management in higher education in Saudi Arabia” This aforementione...
Management Question
College of Administrative and Financial Sciences
Assignment One
Human Resource Management (MGT211)
Deadline: 08/10/2022 @ ...
GWU Copyright Alternative in Small Claims Enforcement Act of 2019Discussion
Research the current
status of the CASE Act.
Write a brief paper on
what the CASE Act is
and what problem it is
inten...
Communications Essay
Your reflection paper should be 2 pages, typed, double-spaced, size 12 font, with one inch margins all around, and in essa...
Agency 11...edited
Agency law can be explained as a common law that governs the relationship between agents, principals, and third parties. A...
Drugs
Drugs are chemical which, when taken into our bodies, affect how our body works and behave. Some drugs are legal, such as ...
Multi-Level marketing class lectures_260607262-CV-Bacarek-2015-2019-Daniel-Rosyid-Edit-Ppcr
uploads/services/161584/Multi-Level marketing class lectures_260607262-CV-Bacarek-2015-2019-Daniel-Rosyid-Edit-Ppcr.pdf...
Related Tags
Book Guides
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
Excel Statistics
Need Help Please?You are the manager of a retail store and want to investigate how various metrics can improve the way you ...
Excel Statistics
Need Help Please?You are the manager of a retail store and want to investigate how various metrics can improve the way you manage your business.Use the Week 5 Data Set to create and calculate the following in Microsoft® Excel®:Conduct a goodness of fit analysis which assesses orders of a specific item by size and items you received by size.Conduct a hypothesis test with the objective of determining if there is a difference between what you ordered and what you received at the .05 level of significance. Identify the null and alternative hypotheses.Generate a scatter plot, the correlation coefficient, and the linear equation that evaluates whether a relationship exists between the number of times a customer visited the store in the past 6 months and the total amount of money the customer spent.Set up a hypothesis test to evaluate the strength of the relationship between the two variables.Use a level of significance of .05.Use the regression line formula to forecast how much a customer might spend on merchandise if they visited the store 13 times in a 6-month period.Use the average monthly sales of 2014 ($1,310) as your basis to:Calculate indices for each month for the next two years. Graph a time series plot. In the Data Analysis Toolpak, use Excel's Exponential Smoothing option in order to:Apply a damping factor of 0.5 to your monthly sales data.Create a new time series graph that compares the original and revised monthly sales data.
6 pages
Global Marketing Of A Us Product
Tesla Inc. was founded in the year 2003 in Silicon Valley. The company is a technology firm that specializes in the making ...
Global Marketing Of A Us Product
Tesla Inc. was founded in the year 2003 in Silicon Valley. The company is a technology firm that specializes in the making of vehicles with electric ...
6 pages
Journal Article Critical Analysis
The study chose the article by Richie et.al, (2001) about the reintegration of women who are found to be living in jail of ...
Journal Article Critical Analysis
The study chose the article by Richie et.al, (2001) about the reintegration of women who are found to be living in jail of the urban communities for ...
6 pages assignment
Assignment from nickkynickkyDuring this class, we examined a range of methods used in operations management to monitor, as ...
6 pages assignment
Assignment from nickkynickkyDuring this class, we examined a range of methods used in operations management to monitor, assess, and improve performance in health care organizations. In this final Assignment, you will review the Learning Resources made available throughout the class, and any additional external resources you may find. Then, you will synthesize your understanding of these resources, applying your knowledge to the Pediatric Hospital case study.According to the case study, a kaizen event revealed that variability in operations performance and outcomes was the root cause of a bottleneck in scheduling MRIs. Three solutions were provided, including:Modify the master schedule.Streamline the insurance authorization process.Implement standardized work instructions.To prepare for this Assignment:Read the Pediatric Hospital in Tough Market Pegs Growth to Lean Process Improvement case study by Tonya Vinas, located in the Learning Resources. Review the key metrics and current state of the organization before the interventions were conducted.The Assignment:In a 6- to 7-page report to the board of directors (not including title page or references):Assess operations requirements and resources for Pediatric Hospital. Describe what is working and what is not working.Conduct a quantitative and qualitative benchmark literature review and scan of operations best practices (from the health care industry or outside the health care industry) and provide and evaluate an example of an initiative that a high-reliability health care organization has implemented, and indicate how Pediatric Hospital can implement that initiative.Evaluate Pediatric Hospital’s readiness for the transition of health care systems from a volume- to value-based delivery system. Using data provided in this case, provide relevant and practical recommendations to improve its readiness and how it might affect the implementation of the initiative.Analyze the operational implications of 2–3 current health care reforms and mandates that might affect the implementation of the initiative.Consider current and future trends and forces in operations management excellence and assess how these can help this Pediatric Hospital and other similar health care organizations to become a sustainable model for high-reliability organization.Submit your Final Project by Day 7 of Week 11.Refer to the Final Project Rubric for specific grading elements and criteria. Your Instructor will use this rubric to assess your work.
Edmonds Community College Financial Accounting Budgets Kensic Company Worksheet
DATA: The East Division of Kensic Company manufactures a vital component that is used in one of Kensic’s major product l ...
Edmonds Community College Financial Accounting Budgets Kensic Company Worksheet
DATA: The East Division of Kensic Company manufactures a vital component that is used in one of Kensic’s major product lines. The East Division has been experiencing some difficulty in coordinating activities between its various departments, which has resulted in some shortages of the component at critical times. To overcome the shortages, the manager of East Division has decided to initiate a monthly budgeting system that is integrated between departments.The first budget is to be for the second quarter of the current year (April, May and June). To assist in developing the budget figures, the divisional controller has accumulated the following information.Sales: Sales through the first three months of the current year were 30,000 units. Actual sales in units for January, February, and March, and planned sales in units over the next five months, are given below:January (actual) 6,000February (actual) 10,000March (actual) 14,000April (planned) 20,000May (planned) 34,000June (planned) 51,000July (planned) 45,000August (planned) 30,000In total, the East Division expects to produce and sell 250,000 units during the current year.Direct Material: Two different materials are used in production of the component. Data regarding these materials are given below:MATERIAL 208:Materials per Finished Component: 4 poundsCost per lb: $5.00Inventory at March 31: 46,000 poundsMATERIAL 311:Materials per Finished Component: 9 feetCost per foot: $2.00Inventory at March 31: 69,000 feetMaterial No. 208 is sometimes in short supply. Therefore, the East Division requires that enough of the material be on hand at the end of each month to provide for 50% of the following month’s production needs. Material No. 311 is easier to get, so only one-third of the following month’s production needs must be on hand at the end of each month.Direct Labor: The East Division has three departments through which the components must past before they are completed. Information relating to direct labor in these departments is given below:SHAPING DEPARTMENT:Direct Labor-Hours per Finished Component: .25Cost per Direct Labor hour: $18.00ASSEMBLY DEPARTMENT:Direct Labor-Hours per Finished Component: .70Cost per Direct Labor hour: $16.00FINISHING DEPARMENT:Direct Labor-Hours per Finished Component: .10Cost per Direct Labor Hour: $20.00Direct labor is adjusted to the workload each month.Manufacturing Overhead: East Division manufactured 32,000 components during the first three months of the current year. The actual variable overhead costs incurred during this three-month period are shown below. Each Division’s controller believes that the variable overhead costs incurred during the last nine months of the year will be at the same rate per component as experienced during the first three months.Utilities $ 57,000Indirect Labor $31,000Supplies $16,000Other $8,000Total variable overhead $112,000The East Division has planned/estimated fixed manufacturing overhead costs for the entire year as follows:Supervision $ 872,000Property Taxes $143,000Depreciation $2,910,000Insurance $631,000Other $72,000Total fixed manufacturing Overhead $4,628,000Finished Goods Inventory: The desired monthly ending inventory of completed components is 20% of the next month’s estimated sales. The East Division has 4,000 units in the finished goods inventory on March 31.Selling and Administrative Expenses: Selling and Administrative Expenses are budgeted at $400,000 per month plus 1% of total credit sales for the month.REQUIRED:3. Prepare a schedule of cash payments for direct materials for the second quarter. Assume that all direct materials are purchased on account and the East Division pays for ½ of the amount purchased in the month of purchase and the other ½ in the month following the purchase. The balance in the Accounts Payable account at 3/31 was $351,200.6. Compute a new “selling price per unit” for the East Division that will enable them to accumulate a balance of $100,000 in their cash account by the end of the second quarter. Assume that the cash balance at March 31 was $10,000.7. Using the selling price per unit computed in #6 prepare a sales budget for the second quarter. Show computations by month and in total for the quarter.8. Prepare a schedule of expected cash collections for the second quarter using the selling price per unit calculated in question #6. Assume that the East Division collects on its credit sales as follows; 70% in the month of sale, 20% in the month following the credit sale, 10% in the second month following the credit sale. To compute the balance in Accounts Receivable at 3/31 assume that the selling price per unit prior to 3/31 was $75.00.9. Prepare a cash budget for the second quarter in month and in total for the East Division. (This is what haven't been done! The rest were all done. I just need you to check on them again if they're correct!)
CUNYLC Sports Management the Expanding of The US NFL & NBA Leagues Discussion
Essay - 600 Word Minimum in TOTAL for all 3 sections a, b, and c. � ...
CUNYLC Sports Management the Expanding of The US NFL & NBA Leagues Discussion
Essay - 600 Word Minimum in TOTAL for all 3 sections a, b, and c. Please answer the questions in as much detail as possible and you can certainly go over the word count minimum if you’d like. Please answer the following questions in detail and in essay format and provide examples where necessary and where you think can add value to your writing.1) Describe and explain both the pros and cons of both leagues (NFL and NBA) expanding outside of North America. a) NFL pros of expansion and cons of expansionb) NBA pros of expansion and cons of expansion2) For which league (NBA or NFL) do you think an expansion abroad makes the most financial sense? Describe in which financial areas that league stands to gain. 3) If you could choose to expand either an NBA or NFL team abroad which one would it be and to where would you expand? Please explain your choice in detail.
Earn money selling
your Study Documents