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In recent months, we have heard a great deal about America's continuing failures to understand and embrace diversity, but this chapter shows that corporate organizations have worked hard to make progress in this realm, as they have moved from merely "complying with the law in the 1960's" toward recognizing the imperative for "diversity and inclusion for business success" in the 21st century (Robbins and Coulter, 145).
That certainly does not mean all businesses are doing everything right, by any means, but it does mean that more and more businesses understand that promoting Diversity produces crucial business benefits for their people, for the organization itself and for achieving strategic goals. They also learned that failing to promote diversity can be very costly to organizational performance and their financial bottom line.Many of you have worked at part time or full time jobs to help pay for school and may have even completed Diversity Training Programs as a requirement at work.
Problem 1: Based on any of your work experiences, do you feel your organization is succeeding in fostering diversity? Why or why not?
Problem 2: Briefly describe a significant experience that helped you better understand the meaning or importance of diversity.
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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