RECRUITING RECREATIONAL VEHICLE SURVEYORS CASE

Case Study 2 Instructions: Recruiting Recreational Vehicle Surveyors

You will complete the “Recruiting Recreational Vehicle Surveyors” case in the Nkomo et al. text (#34 on p. 109, 2011). You will write a 3–5-page essay (total does not include title page or reference page) that answers the 3 questions (1–3) on p. 111. Do not simply answer the questions. This is an essay and must be written to include an introduction, body, and conclusion. It may prove helpful to use the topic of the questions (recruiting needed employees, evaluation of recruiting suggestion, etc.) as section headers in your essay. Your response must be supported by at least 2 peer-reviewed resources. These resources must have been published within the last 5 years. Do not use other textbooks. The essay must be written in current APA format and include a title page, reference page, and in-text citations.

 

Assignment will be sent through SafeAssign as a draft to check for plagiarism.

 

Book: https://www.cengage.com/dashboard/#/login

 

Case 34

Recruiting Recreational Vehicle Surveyors

Liberty Engineering Company is located in a large suburb of Cleveland, Ohio. The company was founded during the 1940s and does a considerable amount of drafting and design work for the major automotive companies and their suppliers. When sales in the auto industry are high, Liberty Engineering experiences a significant volume of work. However, when recessions hit the automotive marketplace, work at Liberty also sharply decreases.

In an attempt to stabilize revenues, the president of Liberty Engineering decided it would be prudent to diversify the company by bidding on government contracts. The company had little experience in these areas, but the president felt that this would not preclude it from bidding on contracts and obtaining them.

Within a six-month period, the company had bid on and lost two contracts. However, a third bid pertaining to the safety and use of recreational vehicles proved to be successful. The contract was for several hundred thousand dollars and was granted on a cost-plus basis. The government was interested in obtaining information regarding how people actually use recreational vehicles such as pick-up truck campers, motor homes, and various kinds of camping trailers. Ultimately, the purpose of the study was to determine what additional safety rules, if any, should be established relating to the manufacture and use of recreational vehicles. Among the pieces of information desired by the government were how much weight citizens place in their recreational vehicles, what kinds of trailer hitches are in use, whether recreational vehicles have proper suspension systems, and to what extent citizens are aware of the safety features of their recreational vehicles.

In Liberty Engineering’s proposal to the government, the company stated that it would recruit, select, and train qualified individuals to survey over 1,000 recreational vehicles. The surveying would be done at three different sites: in the desert, at the seashore, and in the mountains. At a meeting with government officials, three locations were selected: Lake Mead, Nevada; Cape Hatteras, North Carolina; and Smoky Mountains National Park, Tennessee. Two other important decisions were also made at the meeting. First, to ensure consistency of data collection, all surveyors would be trained together at a campground at Smoky Mountains National Park. Second, the employees would then be divided and sent to their respective job sites. It was also decided that each survey crew would consist of one leader and four surveyors, and that two crews would be sent to each data collection site.

All responsibility for recruiting and training the 30 employees (6 leaders and 24 surveyors) fell upon the shoulders of Bob Getz, the new human resource director. Getz had worked as a designer for Liberty Engineering for 20 years before being transferred to human resources. At the same time that a project Getz had been working on for two years ended, the then-current human resource director resigned, so he was a logical choice. In addition, Getz was well-liked by most of Liberty’s older employees and knew a great deal about the company’s policies and procedures. Getz’s major shortcoming was that he knew little about staffing activities.

Before recruiting potential job applicants, Getz knew that he would first need to develop a set of job descriptions for all 30 employees. Since crews would be doing essentially similar jobs, albeit at different locations, he needed only to develop job descriptions for each of four survey positions and that of the leader. Hence, he obtained the list of data that was to be collected on each vehicle, determined the tasks required to collect the data, and divided the tasks into four job positions. Getz realized that the job duties of each surveyor would ultimately need to be changed based on actual experience. Nonetheless, he sketched out the following job descriptions:

Surveyor I: Take pictures of recreational vehicle with a camera. Interview driver and record information received.

Surveyor II: Read and record scale weights for each recreational vehicle tire. Take tire pressures and measure tread depth. Record make, size, and air capacity of each tire.

Surveyor III: Unhook trailer hitch, if present, and record make of hitch, ball diameter, and whether levelers are present. Determine type of suspension on recreational vehicle and count number of leaf springs, if present.

Surveyor IV: Stop recreational vehicle as it enters campground, explain to driver the purpose of the study, ask the driver to participate in study. When survey of recreational vehicle is complete, discuss the findings with the driver.

The leader’s responsibilities would be to plan daily work activities, motivate the employees to do the surveying, complete all forms, and do occasional troubleshooting.

With job descriptions in hand, Getz met with Norm Larson, vice president of Liberty Engineering Company, who was ultimately responsible for conducting the recreational vehicle surveys. During the meeting, Getz learned that all 30 employees were to meet at Smoky Mountains National Park on June 10. They were to be trained on the job for four days, and the company would provide them with lodging and food while they were there. All employees were to provide their own transportation to the park, to their subsequent job sites, and then back home. The company would pay them for travel time but would not provide any mileage allowance, lodging, or food. Upon arrival at the job site, employees would need to find accommodations for July and August, and would receive no lodging or food allowance from the company during their stay. Once work commenced at each job site, employees would be responsible for providing their own transportation to and from the campground.

All employees were to be paid $11.15 per hour. No vacation benefits, sick days, or other major benefits would be provided. The company would, however, provide benefits mandated by law such as Social Security and workers’ compensation. No one under the age of 18 would be hired because of safety reasons.

After the meeting with Larson, Getz decided he should check with the campground management at the different job sites. He learned that most recreational vehicles leave campgrounds early in the morning and enter late in the afternoon. Few arrive or depart between 10 am and 4 pm. In order to survey a maximum number of vehicles, crews would need to work from 6 am to 11 am and from 3 pm to 8 pm, a total of ten hours a day. Therefore, each crew could work a four-day-on and a four-day-off schedule. Getz was told that temperatures at Cape Hatteras would range between 65 and 95 degrees Fahrenheit, while at Lake Mead they would range between 85 and 115 degrees Fahrenheit. Neither of these locations would provide employees with any shade; hence, employees at these sites would need to work in the sun and wear uniforms, including hats. The Smoky Mountains National Park location would be cooler than the others and surveying could be done in shaded areas. When Getz asked the campground managers whether they knew of any people who would be interested in working on the survey project, their response was, ‘‘You’ve got to be kidding.’’ The manager at Lake Mead campground flatly told Getz that he could not conceive of any person being willing to drive from Lake Mead to Tennessee and back under the conditions he outlined. He suggested that Getz put a want ad in the Cleveland newspaper.

After talking with the campground managers, Getz was quite depressed. He knew that he had to hire 30 employees within the next few weeks. He knew that six of them had to have sufficient leadership skills to get the job done while not antagonizing the employees so much that they would quit. He further realized that the 24 surveyors would have to enjoy the outdoors and be willing to tolerate extreme heat. He realized, too, that the ideal surveyor would be one who had above-average knowledge of auto mechanics, legible handwriting, reasonable communication skills, and an ability to work well with others under adverse conditions. What Getz did not know was how he could recruit and hire 30 people who fit this description.

 

Questions

1. If you were Bob Getz, how would you recruit the needed employees?

2. Evaluate the Lake Mead campground manager’s suggestion that Getz recruit employees by placing a want ad in the Cleveland newspaper.

3. What should the firm do if they are unable to recruit sufficient employees for the job?

 
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Human Resource Management Project

Case Assignment # 2: The Design of a PFP System for Mega Manufacturing Overview This exercise evaluates the feasibility of different ap- proaches to PFP given the strategic plan of the organiza- tion. As discussed in the chapter, the effectiveness of the PFP system depends on a number of factors. This exercise will give the student the opportunity to consider some of these factors in proposing an ideal PFP system. Learning Objectives After completing this exercise, you should be able to 1. Identify the key organizational variables that should be considered in the development and/or revision of a PFP system. 2. Understand the role and importance of other HRM activities (e.g., job analysis, performance appraisal) in the development of a PFP system. Procedure Part A: Individual Analysis Step 1. Read the scenario that follows. Step 2. You have been retained as a consultant who must report to Ellen Lennett, director of incentive program development at Mega Manufacturing corporate headquarters. You will be working with the Kanto division. You have been asked to address the five issues raised on Form 11.1.1. Respond to each of the issues and recommend a specific program that supports both Mega’s incentive policy and Kanto’s situation. Your recommendation should consider at least the five points. Also, complete the Assessment Questions form. What were the key variables you considered in your selection of an individual- or group-based PFP system? What changes in organizational characteristics would seriously affect your recommendations? What circumstances would lead you to conclude that a PFP system would not be in the best interests of the organization? YOU WILL SUBMIT YOUR INDVIDUAL ANALYSIS TO THE “INDIVIDUAL ANALYSIS OF CASE 2” SUBMISSION LINK ON THE ASSIGNMENTS PAGE. The two memos in Exhibits 11.1.1 and 11.1.2 may be relevant to the recommendations you will make. Ellen Lennett has received the notes, one from Don Walker, vice president, compensation and benefits, and the other from Bill Idrey, a compensation specialist she sent to help the Kanto personnel department. Part B: Group Analysis Step 1. In groups, each member should review the individual reports and take notes on the most important points. Each member also should devise his or her own strategy for identifying the best group response to make for each of the five questions presented in Form 11.1.1 plus any additional issues the group considers to be relevant. The group also should devise a list of key questions that must be answered by management before a firm position can be taken on the elements of the PFP system.

 

 

Step 2. ONE group member should be designated to submit a five-page paper listing the recommended questions and summarizing alternative recommendations. SUBMIT TO “GROUP CASE ANALYSIS 2” TURNITIN SUBMISSION LINK ON THE ASSIGNMENTS PAGE. Scenarios Mega Manufacturing International is a large diversified company with its corporate headquarters in Boston and manufacturing plants, research and development facilities, and distribution and marketing centers in the United States and around the world. Mega Manufacturing is pursuing a long-range strategy of producing high-technology products for three markets: military, industrial, and retail consumer. Because of the intense competitive pressures in its chosen arenas, Mega Manufacturing believes it must obtain the maximum effort from its personnel. In support of this belief, Mega Manufacturing has adopted a policy of paying for performance (PFP). Typically, many of its divisions have incentives comprising a substantial portion of executive pay (40 percent to 150 percent of base pay possible in various types of incentives) and a significant portion of supervisory and employee compensation (5 percent to 25 percent possible). To expand its capabilities in the new electronic surface- mount technology, Mega Manufacturing acquired GW Industries, which had several plants producing high-quality surface-mount electronic parts. The Kanto assembly plant was part of GW Industries; however, it was an older plant producing electronic parts for an industrial process rapidly approaching obsolescence. Although the products were produced on an assembly line, individual workers had relatively little contact with each other, and the skills required were relatively low. Kanto had been a profitable operation for GW, but Mega Manufacturing has to switch Kanto to a different product and process or close the plant. Kanto has a reputation for paying average to below- market wages, but it was viewed as a dependable and stable employer with a good benefits package. As a consequence, Kanto has had a stable and loyal workforce; but with the buyout of GW and the consequent uncertainty surrounding Kanto’s future, there has been talk of unionizing and some of the more skilled employees are known to be seeking other jobs. Mega has decided to offer Kanto the opportunity to manufacture an extremely complex switching device for a military contract. Although the total manufacturing process is complex, it can be broken into steps, with each step consisting of individual skills that can be learned relatively quickly. Groups of individuals, each with a specific skill, will have to work closely together to achieve the required quality levels for each step in the switching device assembly. The nature of the process is such that each individual will have to take an active interest in the success of the assembly or the device will be unsatisfactory. The two memos in Exhibits 11.1.1 and 11.1.2 may be relevant to the recommendations you will make. Ellen Lennett has just received the following notes, one (Exhibit 11.1.1) from Don Walker, vice president, compensation and benefits, and the other (Exhibit 11.1.2) from Bill Idrey, a compensation specialist whom Ms. Lennett sent to help the Kanto personnel department.

 

 

 

Exhibit 11.1.1

TO: Ellen

Lennett SUBJECT:

Kanto incentive

program FROM:

Don Walker

Ellen,

 

We need to give Kanto some more help on setting up its incentives to

adequately support the new switching assembly process. We cannot allow the

conversion process to delay our completing switching assemblies as there is

a large late delivery penalty. Also, Bids and Contracting apparently goofed

and bid too low on the contract to maintain our usual margins. It appears

we have to make up 3% somewhere.

 

 

 

Exhibit 11.1.2

TO: Ellen

Lennett SUBJECT:

Kanto Incentive

Program FROM:

Bill Idrey

Just a quick note to advise you of some early problems I’m encountering. 1. The employees are learning the new skills, but the supervisors are

having trouble (resisting?) learning the necessary composite skills. 2. The parts we’re getting from our Indonesian plant will sometimes test OK

individually, but not work in the final assembly. It apparently is not feasible to test the intermediate assembly steps.

3. Although job analysis says the steps and tasks are essentially equal, two of the assembly steps are perceived as being more important and thus as having higher status by the workers.

4. Robert Horne, the plant manager, is complaining that the new final quality check supervisor, Beatrice Inggold, is too strict and will slow down production.

5. Engineers from Design & Fabrication come in and watch, occasionally making suggestions, but I’m darned if I can see what they are contributing.

 

 

 

Name: Group:

 

1. Is an incentive program appropriate? Explain your position.

2. If so, should there be one, two, or several plans?

3. Who should be included?

4. What should be the basis for incentive payments?

5. What kinds of incentives should be included?

FORM 11.1.1

 

 

 

 

1. What were the key variables you considered in your selection of an individual- or group-based PFP system?

2. What changes in organizational characteristics would seriously affect your recommendations?

3. What circumstances would lead you to conclude that a PFP system would not be in the best interests of the organization?

EXERCISE 11.1 ASSESSMENT QUESTIONS

 

  • Overview
  • Learning Objectives
  • Procedure
  • Scenarios
 
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You Are The HR Manager For A Commercial Airline. You Have Been Assigned To Develop A Realistic Job Preview For Flight Attendants. Your Objective Is To Give A Balanced Picture Of The Job So That Applicants Will Better Understand What They Will Be Asked To

You are the HR manager for a commercial airline. You have been assigned to develop a realistic job preview for flight attendants. Your objective is to give a balanced picture of the job so that applicants will better understand what they will be asked to do. Job duties, schedules, and other facets of the job should all be well understood early in the recruiting process to avoid poor P/E fit later on.

A.  How would you gather information about the job context and environment? Explain what sources you would use and why.

B.  How could you use technology to show the positive and negative aspects of the job

 
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Unit III Case Study – Training And Development

For the case study, we will focus on the importance of safety and all parties helping to make safety a priority. The effectiveness of the safety training will depend on how prepared the participants are for the training and their perception of the training.

Review “Case: Safety First” located in the textbook on page 196, and respond to the prompts below. You are not required to answer the questions at the end of the case study in the textbook.

1. Examine the components of an effective training needs analysis for this scenario. What would the basic parts for a successful training program be?

2. Describe how the training should be delivered, and briefly describe one motivational theory from those listed on pages 161–173 in the textbook and how it supports this type of training to enhance an organization’s performance.

Your case study should be at least three pages in length. You are  required to use APA style for this assignment;  your writing should be clear and concise. Information about accessing the grading rubric for this assignment is provided below.

Unit VII Homework

In this homework assignment, you will develop a table on performance appraisals (PA) and how they are applied to training.

In column 1, identify three different types of PAs that can be offered.

In column 2, analyze how the PA can be applied to a training effort.

In column 3, identify one type of training and one assessment tool for each PA that could be used to identify training success.

 
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BUS303 Ashford University Week 2 Assignment – Job Description Paper

Job Description Paper

The primary function of the job description paper is to increase understanding of your current, or a prospective, position. The following areas of the job description should be considered:

Tasks,

Tools and Technology,

Knowledge,

Skills and Abilities,

Educational Requirements.

Submit a paper in which you describe each of the above mentioned areas of the job description from the vantage point of your chosen position. Provide two or more ways that you would advertise or recruit someone for that position (see chapter 4 of the textbook). In addition, include a description of at least two methods of assessment used when recruiting qualified candidates and why these two assessment methods would be most appropriate.

Writing the Job Description Paper:

Must be three double-spaced pages in length, excluding the cover page and reference page, and formatted according to APA style as outlined in your approved style guide.

Must include a cover page with the following:

Name of paper

Student’s name

Course name and number

Instructor’s name

Date submitted

Must include an introductory paragraph with a succinct thesis statement.

Must address the topic of the paper with critical thought.

Must conclude with a restatement of the thesis and a conclusion paragraph.

Must use APA style as outlined in your approved style guide to document all sources.

Must include, on the final page, a Reference List that is completed according to APA style as outlined in your approved style guide and has at least two references in addition to the text.

Carefully review the Grading Rubric (Links to an external site.)Links to an external site. for the criteria that will be used to evaluate your assignment

 
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Case Study And 3 Questions

Read Case Study 11-2, “Sleeping on the Job,” on pages 426-427 of your textbook. Then, answer the following questions:

  1. Should the company’s treatment of the grievant for the first two “sleeping on the job” incidents influence the outcome in this case? Explain.
  2. Did the Company have just cause to dismiss the grievant for violating safety rules when in each instance cited, the truck was out of gear with the safety brake on?
  3. Is the union’s argument that the grievant just appeared to be “sleeping” creditable in the absence of any testimony of support by the backhoe driver, a fellow union member?

Your response should be a minimum of 150 words per question. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations, and cited per APA guidelines.

 
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BUS 696 Final Paper

Focus of the Final Paper
In a twelve to fifteen page paper (excluding title page, reference page and appendix), present an initial business plan. Using information from the final paper submitted in your other entrepreneurial concentration courses and following the categories of a strategic audit of a corporation (Appendix 1.A in your textbook), provide information on the following:

  • Business Idea
  • Governance
  • External Environment: Opportunities and Threats
  • Internal Environment: Strengths and Weaknesses
  • Analysis of Strategic Factors
  • Strategic Alternatives and Recommended Strategy
  • Implementation Programs
  • Evaluation and Control Measures
  • Growth Issues
  • Summary
  • At least five peer-reviewed sources are to be used.

Writing the Research Paper
The Final Paper:

  1. Must be twelve to fifteen double-spaced pages in length, and formatted according to APA style as outlined in the Ashford Writing Center.
  2. Must include a title page with the following:
    • Title of paper
    • Student’s name
    • Course name and number
    • Instructor’s name
    • Date submitted
  3. Must begin with an introductory paragraph that has a succinct thesis statement.
  4. Must address the topic of the paper with critical thought.
  5. Must end with a conclusion that reaffirms your thesis.
  6. Must use at least five scholarly sources, including a minimum of two from the Ashford Online Library.
  7. Must document all sources in APA style, as outlined in the Ashford Writing Center.
  8. Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center
 
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ICD-10-Coding

M131 Module 10 Coding Assignment Worksheet

 

For the following diagnoses, list the appropriate code using your textbook or the Quantim Online Encoder.

 

1. History of carcinoma of large intestine

 

Click here to enter text.

 

2. Patient on longterm anticoagulant therapy

 

Click here to enter text.

 

3. Status post aortocoronary bypass graft

 

Click here to enter text.

 

4. Examination following treatment of fracture

 

Click here to enter text.

 

5. Admission for chemotherapy

 

Click here to enter text.

 

6. Admission for removal of internal fixation device

 

Click here to enter text.

 

7. Observation for suspected mental condition not found

 

Click here to enter text.

 

8. Routine postpartum follow-up visit

 

Click here to enter text.

 

9. Encounter for pregnancy test, negative result

 

Click here to enter text.

 

10. Preoperative cardiovascular examination

 

Click here to enter text.

 

 

11. Coma due to barbiturate overdose; attempted suicide, initial encounter

 

Click here to enter text.

 

12. Two-year-old child ingested mother’s birth control pills by accident; no symptoms or illness in child initial encounter

 

Click here to enter text.

 

13. Ataxia due to prescription Valium consumed with alcohol initial encounter

 

Click here to enter text.

 

14. Generalized convulsions due to accidental Darvon overdose initial encounter

 

Click here to enter text.

 

15. Hypotension due to Methadone poisoning, undetermined cause initial encounter

 

Click here to enter text.

 

16. Premature atrial beats due to correctly prescribed and taken digitalis initial encounter

 

Click here to enter text.

 

17. Infant with a high fever after correct administration of diphtheria toxoid vaccine initial encounter

 

Click here to enter text.

 

18. Hematuria due to an accumulative effect of anticoagulant therapy initial encounter

 

Click here to enter text.

 

19. Blurred vision due to allergic reaction to antihistamine initial encounter

 

Click here to enter text.

 

20. Urinary tract infection due to the presence of an indwelling urinary catheter initial encounter

 

Click here to enter text.

 
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Week 4 Pro Simons

C10-Exercises

E10-6 pg. 490
According to the accountant of Ulner Inc., its payroll taxes for the week were as follows:
$198.40 for FICA taxes, $19.84 for federal unemployment taxes, and $133.92 for state
unemployment taxes.
Instructions
Journalize the entry to record the accrual of the payroll taxes.
ACCOUNT TITLE DEBIT CREDIT
E10-8 pg. 491
Jim Thome has prepared the following list of statements about bonds. True/False
1. Bonds are a form of interest-bearing notes payable.
2. When seeking long-term financing, an advantage of issuing bonds over issuing common
stock is that stockholder control is not affected.
3. When seeking long-term financing, an advantage of issuing common stock over issuing
bonds is that tax savings result.
4. Secured bonds have specific assets of the issuer pledged as collateral for the bonds.
5. Secured bonds are also known as debenture bonds.
6. Bonds that mature in installments are called term bonds.
7. A conversion feature may be added to bonds to make them more attractive to bond buyers.
8. The rate used to determine the amount of cash interest the borrower pays is called the stated rate.
9. Bond prices are usually quoted as a percentage of the face value of the bond.
10. The present value of a bond is the value at which it should sell in the marketplace.
E10-18 pg. 493
Hrabik Corporation issued $600,000, 9%, 10-year bonds on January 1, 2011, for
$562,613.This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable
semiannually on July 1 and January 1. Hrabik uses the effective-interest method to amortize
bond premium or discount.
Instructions
Prepare the journal entries to record the following. (Round to the nearest dollar.)
(a) The issuance of the bonds.
ACCOUNT TITLE DEBIT CREDIT
(b) The payment of interest and the discount amortization on July 1, 2011, assuming that interest
was not accrued on June 30.
ACCOUNT TITLE DEBIT CREDIT
(c) The accrual of interest and the discount amortization on December 31, 2011.
ACCOUNT TITLE DEBIT CREDIT

P10-3A

P10-3A pgs. 494-495
On May 1, 2011, Newby Corp. issued $600,000, 9%, 5-year bonds at face value. The
bonds were dated May 1, 2011, and pay interest semiannually on May 1 and November 1.
Financial statements are prepared annually on December 31.
Instructions
(a) Prepare the journal entry to record the issuance of the bonds.
DATE ACCOUNT TITLE DEBIT CREDIT
(b) Prepare the adjusting entry to record the accrual of interest on December 31, 2011.
DATE ACCOUNT TITLE DEBIT CREDIT
(c) Show the balance sheet presentation on December 31, 2011.
(d) Prepare the journal entry to record payment of interest on May 1, 2012, assuming no accrual
of interest from January 1, 2012, to May 1, 2012.
DATE ACCOUNT TITLE DEBIT CREDIT
(e) Prepare the journal entry to record payment of interest on November 1, 2012.
DATE ACCOUNT TITLE DEBIT CREDIT
(f) Assume that on November 1, 2012, Newby calls the bonds at 102. Record the redemption of
the bonds.
DATE ACCOUNT TITLE DEBIT CREDIT

P10-6A

P10-6A pg. 495
On July 1, 2011, Atwater Corporation issued $2,000,000 face value, 10%, 10-year
bonds at $2,271,813.This price resulted in an effective-interest rate of 8% on the bonds. Atwater
uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual
interest July 1 and January 1.
Instructions
(Round all computations to the nearest dollar.)
(a) Prepare the journal entry to record the issuance of the bonds on July 1, 2011.
DATE ACCOUNT TITLE DEBIT CREDIT
(b) Prepare an amortization table through December 31, 2012 (3 interest periods) for this bond
issue.
ATWATER CORPORATION
Bond Premium Amortization
Effective-Interest Method—Semiannual Interest Payments
10% Bonds Issued at 8%
Semi-
Annual Interest Premium Unamor- Bond
Interest to Be Interest Amor- tized Carrying
Periods Paid Expense tization Premium Value
Issue Date
1
2
3
(c) Prepare the journal entry to record the accrual of interest and the amortization of the premium
on December 31, 2011.
DATE ACCOUNT TITLE DEBIT CREDIT
(d) Prepare the journal entry to record the payment of interest and the amortization of the
premium on July 1, 2012, assuming no accrual of interest on June 30.
DATE ACCOUNT TITLE DEBIT CREDIT
(e) Prepare the journal entry to record the accrual of interest and the amortization of the
premium on December 31, 2012.
DATE ACCOUNT TITLE DEBIT CREDIT
 
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Project Management Expert Needed – Earned Value Analysis – Due In 3 Days –

Module 5, Critical Thinking

Option #1: Earned Value Analysis for Project Management Institute Exams

 

 

Given a project with the following characteristics, answer the following questions:

 

· You are the project manager of a project to upgrade the generators at cell phone towers.

· Your project is scheduled to last for 12 months.

· It is the beginning of month 4.

· Your crews are to upgrade 8 cell phone towers per month for 12 months.

· Each generator is planned to cost $40,000 which includes equipment, labor, and fueling costs.

· You have upgraded 30 cell phone towers and your CPI is 0.96.

 

 

1. How is the project performing?

 

a. Over budget and ahead of schedule

b. Under budget and ahead of schedule

c. Over budget and behind schedule

d. Under budget and behind schedule

 

What is your reasoning? _______________________________________________________

 

2. Right now, what is the actual cost of the project?

 

a. $1,800,000

b. $975,000

c. $1,250,000

d. $2,225,000

 

What is your reasoning? ________________________________________________________

3. Assuming that the cost variance is constant, how much more money will it take to complete the project?

 

a. $2,500,000

b. $2,750,000

c. $2,800,000

d. $3,000,000

 

What is your reasoning? ________________________________________________________

4. What is the project’s estimated cost at completion if the variance experienced to this point stopped?

a. $2,800,000

b. $2,875,000

c. $3,890,000

d. $3,750,000

 

What is your reasoning? ________________________________________________________

5. Using the project’s budget at completion, what is the project’s TCPI?

 

a. .5

b. 1

c. 1.5

d. 1.02

 

What is your reasoning? ________________________________________________________

6. When you give an update to senior management today, what percentage of the project will you report complete?

 

a. 37%

b. 31%

c. 40%

d. 28%

 

What is your reasoning? ________________________________________________________

7. You are managing a training project with an initial budget estimate of $5,000. During interim cost and schedule performance analysis, you figured out that:

 

· You should have spent $750 till now based on your initial plans and 6 days of schedule activities.

· You spent $1,000 till now and completed 8 days of schedule activities which should have cost $1,160 based on your initial plans.

· You re-estimated the budget required for the remaining work to be done as $4,500.

 

What are the CPI and SPI of the project?

 

a. CPI=0.9 and SPI=1.2

b. CPI=0.75 and SPI=0.9

c. CPI=1.16 and SPI=1.55

d. CPI=1.55 and SPI=0.75

 

What is your reasoning? ________________________________________________________

8. What can be inferred about the current status of the project represented by the following graph?

a. under budget and ahead of schedule

b. over budget and ahead of schedule

c. under budget and behind schedule

d. over budget and behind schedule

 

What is your reasoning? ________________________________________________________

9. A project has an original project budget of $1,150 and both the Cost Performance Index (CPI) and Schedule Performance Index (SPI) are equal to 1. Assuming the project will continue to spend money at the same rate, what is the estimate at completion (EAC) of the project?

 

a. $1,000

b. $1,250

c. $1,150

d. $1,033

 

What is your reasoning? ________________________________________________________

10. A project has an Earned Value (EV) = $5, Actual Cost (AC) = $7 and both Cost Performance Index (CPI) and Schedule Performance Index (SPI) equal 0.90. The original project budget is $10. Assuming the remaining work will be impacted by the current cost performance and current schedule performance, what is the estimate at completion (EAC) of the project?

 

a. $12.96

b. $13.17

c. $14.75

d. $15

 

What is your reasoning? ________________________________________________________

 
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