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Corporate Governance and Year-End Adjustments

Corporate Governance and Year-End Adjustments Name Institutional Affiliation Corporate Governance and Year-End Adjustments The end-of-year adjustments have an impact on the income statement and the statement of financial performance. The importance of adjusting the end-of-year balances is to post the balance of the retained earnings account to match with the one reported on the statement of retained earnings and hence all temporary accounts at the beginning of next year will start with a zero balance. A company makes year-end entries such as closing inventory which is a reduction in the income statement and a current asset in the balance sheet (End of Year Adjustments, 2013). Accruals are...

Cultural Analysis

Author’s Name Professor Course Due Date Cultural Analysis The first Hofstede dimension that influences business is power distance. Singapore scored 74 on this dimension because of their approach to religion that believes in the stability of the society. This stability is from inequality in relations by people. There is centralized power hence control and formality in addressing managers. The other aspect is individualism which scored 20. Moreover, masculinity was a dimension where Singapore scored 48. On uncertainty avoidance, the country was able to score 8 (Hofstede, n.p). Lastly, on long-term orientation and indulgence, the scores were 72 and 46 respectively. Verbal and non-verbal...

Country composition

Name Professor Course Date Singapore Nation Rationale The reason for choosing to study Singapore is because the nation has interesting facts. While most people still regard it as a city, Singapore became a sovereign nation in 1965 after attaining independence from the United Kingdom. Considered both a city and sovereign state, Singapore becomes the ideal country to explore. Location Singapore is in Asia. It covers a land surface of 687 square kilometers and water surface of 10 square kilometers (World Atlas). The country falls between the Indian Ocean and the South China Sea (See map in the appendix section). The country also has multiple sea inlets and straits. The main countries that...

Marketing Applications

Marketing Applications Student’s Name Institutional Affiliation Week I Ethical responsibilities of companies that sell foods accused of contributing to the “obesity crisis” Companies in the fast food industries have been accused of contributing significantly to the obesity crisis. Therefore, they have ethical responsibilities that they should undertake as their part and role of addressing the obesity crisis. The food companies that market or sell their products to the two out of every three Americans who are obese have a significant social-ethical responsibility (Holm, 2007). Through their food preparations and ingredients, they contribute not only to the obesity crisis but also to...

Business Studies

Reducing Lead-time Student Name Institution Many organizations across the world often work towards the reduction of the Bullwhip effect. This is due to the risks associated with the same. For the minimization of this crucial aspect, there are different mechanisms that have been put in place, thereby reducing the lead-time is one of them. To facilitate the reduction of lead-time, scholars argue that submitting electronic records plays a significant role, and hence should be encouraged. In this perspective, lead time refers to the time lag, of placing and receiving an order. The aim of this essay is to give in-depth explanations of other mechanisms, other than submitting electronic records that can...

Human Resource Accounting

Human Resource Accounting Name Institutional Affiliation Human Resource Accounting Week 1 Labeling employees as human resource is no longer a factor of production in an organization. It stretches beyond Brocaglia (2006) argument that essential resource in any organization is the people. Current organizational requirements call for human resource to focus on corporate growth to allow the organization or company move from its functional approach to product design approach. Labeling employees as a human resource wills enable them to align their accounting practices with demands in the market. The view Brocaglia (2006) provides is that labeling helps them focus on strategic development to support...

Negotiations

Business Negotiations Student’s Name Institutional Affiliation Every business negotiation process has three major phases in which all players have to abide by at all times. The primary motive is to facilitate successful negotiations regardless of the business scenario. The success of every business entity is dependent on the approach used by both parties to agree. Stages Questions Addressed Opening Has the offer been accepted? Why was the offer rejected? Exchange of Information What information does the other party have? Is the information verifiable? Concession Has the counteroffer been accepted? What are the terms of the agreement? The opening phase commences with the negotiator...

New Input/Output Devices

Insert your name here Tutor’s name here Your unit name here Date of submission here Optical Character Recognition Computer input devices are becoming a necessity for businesses that intend to remain competitive in their operations. Alongside, computers are no longer a luxury in business operations but tools for understanding the dynamism and quickly, getting the business done. I find optical character recognition (OCR) as a new input device that helps in meeting day-to-day interaction between business and customer interfaces. Today, businesses do not require OCR as a tool that turns images into the electronic material but allows enterprises turn volumes of printed information into searchable...

Global Thermostat Innovation

Student Name Instructor Course Name Date Global Thermostat Innovation Global Thermostat provides equipment with the capacity to pull carbon dioxide and other greenhouse gases out of the air for sequestration or utilization by various industries. The aim of the process is climate mitigation through reducing carbon concentrations in the air. The Global Thermostat, in its innovation, lacks a tangible business model. This gap is likely to affect the industry in that no one will be willing to pay for carbon absorption from the air. However, the current industry may be at an advantage. With a limited market for carbon for uses such as recovery of hard-to-get-oil from tapped-out wells and injection...