...1.) Wholesome, Inc. starts a pension plan for its 10 employees on 1/2/20A. All are 53, and will retire at age 65 (in 12 yrs) on 12/31/20J. All are expected to live 10 yrs past retirement. Each is given credit for 15 years prior service at inception of the plan. The plan calls for payments at the beginning of each retirement year. Wholesome will make a lump sum payment of $250,000 on 1/2/20A to partially fund the prior service cost of $453,246. Funding is to be set at a level payment each period of $108,258, starting on 12/31/20A. The fund earning and the settlement rate are 8%. Prior service cost is to be amortized st-line over the remaining service lives of the employees. The following data are available: 1/2/20A 12/31/20A 12/31/20J Projected Benefit Obligation $453,246 ? ? Prior service cost (PBO method) $453,246 PV @ 12/31/20J (annuity due, 10 payments) of benefits earned each yr per employee: $ 7,609 Required: a) Compute pension expense, listing components, and present required entries per SFAS 158 for the payment on 1/2/20A and the expense accrual/payment at 12/31/20A: Expense amount: $86,664 b) What is the PBO on 12/31/20A? What is the funded status of the plan on that date? (Show your work). PBO: $522,139 Funded status: $143,881 PBO: __________________ Funded status: _______________ 2) Lease Lessor, Inc. leases a computer under a 6 yr noncancelable lease to Lessee, Inc. The lease calls for...
Words: 1539 - Pages: 7
...1.12 What is the difference between a sample and a population? In most studies, it is difficult to obtain information from the entire population. We rely on samples to make estimates or inferences related to the population. Population means the population of the whole area. Sample means a sample of people taken out of the population to be tested or studied. 1.13 What is the difference between a statistic and parameter? The difference between parameter and a statistic is that a parameter is a number obtained by calculation from a population while statistic is a number calculated from a sample. A statistic is usually used to estimate a parameter. 1.22 A Gallup poll indicated that 74% of Americans who had yet to retire look to retirement accounts as major funding sources when they retire. Interestingly, 40% also said that they looked to stocks or stock market mutual fund investments as major funding sources when they retire. (data extracted from D.Jacobs, “Investors Look Beyond Social Security to Fund Retirement,” www.gallup.com, March 28, 2011). The results are based on telephone interviews conducted March 24, 2011, with 1,000 or more adults living in the United States, aged 18 and older. a. Describe the population of interest. They are the Americans that have not retire yet. b. Describe the sample that was collected. They are the 18 and older group of adults. c. Is 74% a parameter or a statistic? Explain. It is a parameter...
Words: 1086 - Pages: 5
...Management, Employee Satisfaction Survey, Training Feedback Evaluation, Operational Research Techniques in HR, Human Resource Accounting, Acquisitions, Mergers, Restructuring and Downsizing, HR Budgeting etc. The most common areas where HRM can use information gathered from statistics to make improvements and changes within the company, include the following: Compensation survey: This will help the HR team identify if compensation programs, such as pension schemes, are working or if areas need to be addressed. This will help them identify how many staff are involved on a pension scheme and will help them tailor the service to suit their needs. Employee satisfaction: By carrying out staff surveys and questionnaires the HR will be able to identify how happy and satisfied the employees feel within the workplace. This will help identify areas where more attention or investment is needed and may even help a potential problem from growing out of control. Training and support: By regularly asking staff if they feel they would like more training on a particular topic or asking them how effective they found their training, this will help the HR team make better plans for any future training. Question 3 Descriptive statistics includes statistical procedures that we use to describe the population we are studying. The data could be collected from either a sample or a population, but the results help us organize...
Words: 872 - Pages: 4
...Conceptual framework The conceptual framework is a set of coherent ideas or concepts organized in a manner that makes it easy for them to communicate with each other. It uses an IPO model that shows the data bringing together in order to be processed and provide a certain output. The IPO includes requirement that are needed for the study. Input | | Process | | Output | * Academic performance * Aspiration * Study habits | → | * Survey * Observation * Data gathering * Unstructured interview * Statistical analysis | → | * Policy recommendation for: * Emphasis of student’s persistence to work toward their goals, study habits & passion in accounting. | Feedback | ↖ ↙ Figure 1. Conceptual paradigm The input contains the leading variables. It includes the academic performance, aspiration and study habits. The second frame contains the methods and procedures to be used to analyze those variables by making questionnaires, conducting interview, research and the use of statistical tools. The third frame is the output. It contains policy recommendation that the researchers suggested for the improvement of the students with regards to the essential elements. The arrows include the workflow of information in...
Words: 491 - Pages: 2
...In-Plant Training Report 2nd Semester (BCCT) Brandix College in clothing Technology and Management(dip 16) K.A. Vidun S. Piyasumana 2 INTRODUCTION I’m a student of Brandix College who is studying College Diploma in Textile Technology & Management where my name is K.A.Vidun S. Piyasumana. This is the Report of my second semester of my In-Plant Training program. This In-Plant training will let the diploma batch students to join to different Factories and study the whole process. Since the students are beginners to the field, BCCT provided us a guide line to adjust to this environment and continue that studying with the aid of a Guide Line. As I requested some Factories and as the College appointed me, I had to start my InPlant Training in Brandix Green Plant Seeduwa. Commencing on 14th February 2013 I started the Industrial Training for the College Diploma in Clothing Technology & Management Course under the influence and Coordination by Mr. Dinesh Sampath (HR Assistant of Brandix Casualwear Seeduwa) with so many supports & advisers. Initially after walking throughout the factory, I was introduced and guided to each section to study their process, and collect information under the influence of the department chief or Incharge and also from the Minor Staff. Most of the time I had to subject myself for self study, grab the knowledge by walking to the machine Operators and the staff and also be practical in some operations to get the real idea. So therefore...
Words: 14690 - Pages: 59
...had trouble in understanding and curing are now cured successfully and with virtual ease. More people as well as the incurably-ill now survive longer than before. Development in the global population has been distinguished in the 20th century. The old and young population has increased pressure on medical care resources internationally with the intention that no nation is currently capable to compete with the demand for medical -care and its supply. Scientists hence are under growing pressure to extend fresh technologies to raise consumers prompt access to medical -care A most noteworthy and ground-breaking progress in the field of medicine has been development of point-of-care testing. Consistent with (15) POCT is described as patient samples examination at or close to the patient carrying the supposition that test outcomes will be obtainable instantaneously or within an extremely short timeframe thereby helping caregivers in the instantaneous diagnosis and medical intervention(26) .Point-of-care testing is performed away from the traditional central laboratory setting , and has created easier self-management as individuals can examine themselves and react to the outcomes as counseled by their doctors. POC testing machinery is vital to the accomplishment of life-saving and disaster management undertakings as assessments can be conducted in intensive care units or in an ambulance where judgments are time-susceptible. Reliability of POCT and central lab testing As mentioned...
Words: 1589 - Pages: 7
...not use the calculator on a cell phone. 4. If you have a question or problem, ask the instructor. 5. The minimum penalty for academic dishonesty on this exam will be a grade of 0 for this examination. Academic dishonesty includes giving aid to or receiving aid from another student during this exam. 6. No hats. No cell phones I certify by signing below that I have neither given nor received aid in completing this examination. Signature Date I. Accounting Concepts 20 points. A. Accounting Change. ABC Company has been using specific identification inventory method. However, it has grown and has a broader array of products. The company would like to use the greater efficiency of the FIFO method on a periodic basis for financial reporting. (a) Is ABC Company allowed to change its inventory methods? Why or why not? (b) Assuming that the company is allowed to make this accounting change, what financial reporting method will the company use in making this change? prospective method retrospective method cumulative effect B. Pension Plans. Why are defined benefit pension plans recognized on a corporate balance sheet, but defined contribution pension plans are not? C....
Words: 1715 - Pages: 7
...ASMA FATHIMA REG NO: 11SKCMA016 TITLE OF THE STUDY: “A STUDY ON PERFORMANCE MANAGEMENT SYSTEM OF LIFESTYLE INTERNATIONAL PVT LTD” 1. TITLE OF THE STUDY: “A STUDY ON THE PERFORMANCE MANAGEMENT SYSTEM OF LIFESTYLE INTERNATIONAL PVT LTD.” 1.0. INTRODUCTION TO THE STUDY: Performance Management System (PMS) includes activities which ensure that goals are consistently being met in an effective and efficient manner. Performance management can focus on the performance of an organization, a department, employee, or even the processes to build a product of service, as well as many other areas. PMS is also known as a process by which organizations align their resources, systems and employees to strategic objectives and priorities. In organizational development (OD), performance can be thought of as Actual Results vs Desired Results. Any discrepancy, where Actual is less than Desired, could constitute the performance improvement zone. Performance management and improvement can be thought of as a cycle: • Performance planning where goals and objectives are established • Performance coaching where a manager intervenes to give feedback and adjust performance • Performance appraisal where individual performance is formally documented and feedback delivered It is to understand the gap between two things: A performance problem is any gap between Desired Results and Actual Results. Performance improvement is any effort targeted at closing...
Words: 1406 - Pages: 6
...needs, motives, attitude and values at a sub-conscious level. Purpose of research: The research was primarily exploratory to gain insights into reasons why people make certain purchases. Mr. Campagna also wanted to get a flavour of language people use in talking about chain saw. Analysis of method: The research was conducted in states of Illionois and Wisconsin. People who were selected for TAT were screened on basis of whether they planned to purchase a chain saw in next 12 months or already owned a chain saw or had used a chain saw in past. However this was the only information collected, ideally some more information must have been collected regarding their demographics and more regions could have been considered. They restricted the sample to only two states. How should Conway and Baggins respond to Hamilton’s question? Hamilton...
Words: 856 - Pages: 4
...All of the following data are demographic data except a. income b. age c. education d. residence e. religion * Data Types The following question elicits _____ data. How satisfied are you with the last flight you took with American Airlines? Very Somewhat Neutral Somewhat Very Dissatisfied Dissatisfied Satisfied Satisfied 1 2 3 4 5 a. demographic b. psychographic c. attitude d. behavioristic Types of variables marketing researchers may work with include all of the following except a. nominal b. ordinal c. logistic d. ratio The variable in which numbers serve only as labels to identify or categorize objects or events is the ____. a. nominal variable b. ordinal variable c. interval variable d. ratio variable The following question will result in a ____ variable. Which is your favorite Yogurt brand? __ Yoplait __ Dannon __ Chobani __ Stonyfield __ Other () a. nominal variable b. ordinal variable c. interval variable d. ratio variable Which type of scale is the following question? Please rank the importance of the following product features in your decision to buy a laptop computer. (1=most important, 4=least important) a. Rank order b. Likert scale ...
Words: 679 - Pages: 3
...200 workers who responded to the survey questionnaires expressed a high level of interest in the topics of corporate restructuring and redesign of benefits programs. However, a critical review of the claim and its premise cast some doubts on the validity of the argument. First, corporate restructuring and redesign of benefit programs is a small part of management issues and thus cannot be used as a basis to say workers have interest in management issues. Second, for workers to have merely indicate on a questionnaire that they have interest in the topics of corporate restructuring and design of benefit programs is not enough to conclude that they actually do it in reality. Finally, a generalization made from the result of a survey with a sample size of 1,200 workers without stating the population size is not adequate. First and foremost, the discussion will touch on the inadequacy of the premise as against the claim. With this, I state that, corporate restructuring and redesign of benefit programs is a small part of management issues and thus cannot be used as a basis to say workers have interest in management issues. Management issues encompass several measures. These are inclusive of spinning of departments into agencies to enhance efficiency, changing of product lines, merging with or acquiring of other firms and so on. Again, the emphasis of benefit programs is so obvious that workers will be concerned with since it directly affect them thereby resulting in the kind of response...
Words: 498 - Pages: 2
...(1) Assign a single number to each element in the sampling frame. – (2) Use random numbers to select elements into the sample until the desired number of cases is obtained. • The method is not very different from winning a lottery. 2. Systematic Sampling • Steps: – (1) Calculate the sampling interval as the ratio between population size and sample size, I = N/n. – (2) Arrange all elements in the population in an order. – (3) Select a case in the first interval randomly. – (4) Select every ith case from this point. 2. Systematic Sampling (continued) I I 1st element, randomly chosen I I I I – Systematic Sampling is easier and simpler than SRS – The text warns of a danger to this method. What is it? 3. Stratified Sampling • Stratified sampling is more complicated than SRS. The advantage is the guaranteed representativeness in some important characteristics. • For example, say that we want to select a sample of 100 individuals. Sex ratio in the sample is up to chance if we do SRS. We can guarantee the 50-50 split if we do stratified sampling: Stratified Sampling, Graphic Representation Population SRS SRS Sample • Stratified sampling is often used to reduce the variability of a sample. Oversampling, Graphic Representation Population SRS SRS Sample • Increasing the representation of a group in a sample. This is often done when groups are very different in size – e.g., race 4. Cluster Sampling • Cluster sampling is...
Words: 921 - Pages: 4
...INTRODUCTION The Study is entitled “IRREGULAR SUDENTS CAUSES AND EFFECTS TO ITSELF”. The researchers chose this topic because nowadays, the researchers have noticed that there is an increasing population of irregular students. The researchers would like to know what causes them to become an irregular and the effects of being one. STATEMENT OF THE PROBLEM The main Problem is about the causes and effects of being an irregular student. The study seek to solve the following sub-problems: 1. What is the percentage of CITHM Tourism irregular students? 2. What are the causes that make the Tourism students irregular? 3. What are the effects of being an irregular student to the following? a. Grades/Class performance b. Schedule c. Course Completion d. Financially e. Social Life/Classmates 4. What are the actions being implemented by the college to minimize this problem? OBJECTIVES OF THE STUDY 1. To know the percentage of CITHM Tourism irregular Students. 2. To determine the causes that make the Tourism students irregular. 3. To find out the effects of being an irregular student to the following. a. Grades/Class performance b. Schedule c. Course Completion d. Financially e. Social Life/Classmates 4. To know the actions being implemented by the college to minimize this problem. BACKGROUND OF THE STUDY (Discuss the significance of the study, how the study contributes to existing knowledge, social relevance of the study...
Words: 597 - Pages: 3
...sampling Cluster sampling is a sampling technique where the entire population is divided into groups, or clusters and a random sample of these clusters are selected. All observations in the selected clusters are included in the sample. Cluster sampling is typically used when the researcher cannot get a complete list of the members of a population they wish to study but can get a complete list of groups or 'clusters' of the population. It is also used when a random sample would produce a list of subjects so widely scattered that surveying them would prove to be far too expensive, for example, people who live in different counties in the Country. Advantages One advantage of cluster sampling is that it is cheap, quick, and easy. Instead of sampling the entire country when using simple random sampling, the research can instead allocate resources to the few randomly selected clusters when using cluster sampling. A second advantage to cluster sampling is that the researcher can have a larger sample size than if he or she was using simple random sampling. Because the researcher will only have to take the sample from a number of clusters, he or she can select more subjects since they are more accessible. Disadvantages One main disadvantage of cluster sampling is that is the least representative of the population out of all the types of probability samples. It is common for individuals within a cluster to have similar characteristics, so when a researcher uses cluster sampling, there...
Words: 1337 - Pages: 6
...Definition of Terms Target population * the population we want to study Sampled population * the population from where we actually select the sample Sample * these are the elements from the sampled population who are actually selected to participate or to be the subject in the study Sample size * Total number of elements in the sample SAMPLING * the process of selecting a small number of elements from a larger defined target group of elements such that the information gathered from the small group will allow judgments to be made about the larger groups SAMPLING TECHNIQUES * PROBABILITY SAMPLING a method of selecting a sample wherein each element in the population has a known, nonzero chance of being included in the sample. Simple Random Sampling a probability sampling method wherein all members of the population have equal chances of being included in the study. When to use: * If the members of the population are not so spread geographically. * If the members are homogeneous with respect to the characteristic under study. Systematic Sampling probability sampling method wherein the selection of the first member (random start - r) is at random (using simple random sampling) and the selection of the other members in sample is systematic by successively taking every kth member from the random start, where k is the sampling interval. When to use: * If the arrangement of the members is according to magnitude...
Words: 820 - Pages: 4
