Imagine that you have just been elected president of your university’s student senate. Assume the university is considering constructing a new student union—a place that offers a variety of stores, restaurants, and entertainment option for students—and has asked the student senate to develop a formal position in support or opposition of the new student union.
A. Identify the stakeholders involved in this decision. Discuss the relevant considerations that each stakeholder might have.
B. Discuss the financial information that might be helpful in formulating the student senate position.
C. Discuss the nonfinancial information that might be helpful in formulating the student senate position.
Trending nowThis is a popular solution!
Chapter 1 Solutions
Principles of Accounting Volume 1
Additional Business Textbook Solutions
Principles of Management
Financial Accounting (12th Edition) (What's New in Accounting)
Horngren's Accounting (11th Edition)
Principles of Accounting Volume 2
Managerial Accounting (5th Edition)
Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
- You have just been elected president of a brand-new service club on campus. The club is part of a national organization, but the organization charter gives the local organization a fair amount of flexibility in setting up the management of the club. As president, you can choose to make most of the decisions for the club and pass along your direction to the officers and members below you, or you can create specific committees, such as membership or academic, arid allow each of the committees w make its own decisions and rules within the overall guidelines set out by the national charter. Consider the need to manage and evaluate the club and describe which form of organization would you set up for your club and why.arrow_forwardUse the internet to research one for-profit, one governmental, and one not-for-profit entity. For each entity, describe the following: A. the primary purpose of the entity B. the types of activities that accountants would record (hint: what is the source of the entitys funding, and what costs might the entity have?) C. the types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making processarrow_forwardPadma completed her doctoral degree and has taken a position as an assistant professor at a local university. She was given the following performance measures for her new position. Identify whether these goals are long or short term. A. Interact in a fair and impartial way with students. B. Promote and access student academic achievement. C. Counsel students within the norms of society and the regulations of the college. D. Motivate students. E. Effectively plan and organize lectures and labs in accordance with the college course outlines. F. Report class attendance in accordance with the college policy and procedure. G. Serve on academic committees as assigned. H. Make progress toward tenure necessary at her university.arrow_forward
- Alumni donations are an important source of revenue for colleges and universities. If administrators could determine the factors that could lead to increases in the percentage of alumni who make a donation, they might be able to implement policies that could lead to increased revenues. Research shows that students who are more satisfied with their contact with teachers are more likely to graduate. As a result, one might suspect that smaller class sizes and lower student/faculty ratios might lead to a higher percentage of satisfied graduates, which in turn might lead to increases in the percentage of alumni who make a donation. The following table shows data for 48 national universities. The Graduation Rate column is the percentage of students who initially enrolled at the university and graduated. The % of Classes Under 20 column shows the percentages of classes with fewer than 20 students that are offered. The Student/Faculty Ratio column is the number of students enrolled divided by the total number of faculty. Finally, the Alumni Giving Rate column is the percentage of alumni who made a donation to the university. Managerial Report 1. Use methods of descriptive statistics to summarize the data. 2. Develop an estimated simple linear regression model that can be used to predict the alumni giving rate, given the graduation rate. Discuss your findings. 3. Develop an estimated multiple linear regression model that could be used to predict the alumni giving rate using the Graduation Rate, % of Classes Under 20, and Student/Faculty Ratio as independent variables. Discuss your findings. 4. Based on the results in parts (2) and (3), do you believe another regression model may be more appropriate? Estimate this model, and discuss your results. 5. What conclusions and recommendations can you derive from your analysis? What universities are achieving a substantially higher alumni giving rate than would be expected, given their Graduation Rate, % of Classes Under 20, and Student/Faculty Ratio? What universities are achieving a substantially lower alumni giving rate than would be expected, given their Graduation Rate, % of Classes Under 20, and Student/Faculty Ratio? What other independent variables could be included in the model?arrow_forward1. Explain how the organizations culture would influence the design of a new Accounting Information system for a company. 2. An university has various schools and departments that offer various Degree and Diploma courses. The University has been offering courses through two modes of study that include the Full-Time classes and Evening Classes. The university management has been evaluating the possibility of introducing a new mode of study where the university will offer the students the option of selecting 100% online classes option. The University will deploy this 100% online classes option by using Zoom video conferencing software. Other software’s and platforms that the university will use for the 100% online classes mode like google classroom and other softwares. The university has invited you as an expert of accounting information systems to help in the design and implementation of a new revenue transaction cycle system that will be used for the new 100% online classes option mode…arrow_forwardTopic: Membership Dues Better Community, a new local not-for-profit entity, has been recently formed. The organizers of the entity have formalized operations in such a way that they will charge membership dues, but will not provide any specific services in exchange for the dues. In discussion with a local accountant, who is also a new member of the not-for-profit entity, the conclusion is reached that the dues will be recognized as contributions and recorded as revenue in the year received rather than over the period of membership. In a review of the entity's operations, you find that additional services, such as seminars and group insurance, are provided by the entity. However, members are charged an additional cost for the aforementioned services. Because of this new information, you decide to investigate whether Better Community's recording of membership dues is appropriate. Required: Utilize the FASB's Codification to determine the appropriate accounting treatment for membership…arrow_forward
- Imagine that you are a financial manager researching investments for your client. Think of a friend or a family member as a client. Define their characteristics and goals such as an employee or employer, relatively young (less than 40 years) or close to retirement, having some savings/property, a risk taker or risk averter, etc. Next, use Nexis Uni at the Strayer University library, located at Nexis Uni, click on “Company Dossier” to research the stock of any U.S. publicly traded company that you may consider as an investment opportunity for your client. Your investment should align with your client’s investment goals. (Note: Please ensure that you are able to find enough information about this company in order to complete this assignment. You will create an appendix, in which you will insert related information.) Provide a rationale for the stock that you selected, indicating the significant economic, financial, and other factors that led you to consider this stock. Suggest the…arrow_forwardA not-for-profit organisation (for example, a university) will: Select one: O A. Be concerned with costs O B. Require non-quantifiable information O C. Try to plan future revenues O D. All of the above.arrow_forward1. Describe the Existing Board of IFRS (IASB members and the role of them)2. In detail, what's the reason for choosing the Netherland as a member of the first IASC.3. What's the role of IFAC to support IASC4. In detail, What's the latest issuance of IASB (reasons and benefit)?5. what are the future projects of IASB (what & why)?arrow_forward
- Apply your critical-thinking ability to the knowledge you’ve gained. These cases will provide you an opportunity todevelop your research, analysis, judgment, and communication skills. You also will work with other students, integratewhat you’ve learned, apply it in real-world situations, and consider its global and ethical ramifications. This practice willbroaden your knowledge and further develop your decision-making abilities.It is not unusual to issue long-term debt in conjunction with an arrangement under which lenders receive an optionto buy common stock during all or a portion of the time the debt is outstanding. Sometimes the vehicle is convertible bonds; sometimes warrants to buy stock accompany the bonds and are separable. Interstate Chemical isconsidering these options in conjunction with a planned debt issue.“You mean we have to report $7 million more in liabilities if we go with convertible bonds? Makes no sense tome,” your CFO said. “Both ways seem pretty much the same…arrow_forwardYou were asked to make a presentation to a group of CSEC students on some areas related to non-profit making organisations. The specific areas are: i difference between accounts for non-profit and for-profit organisations 11. examples of non-profit organisations in your country 111. an explanation of the use of a subscription account iv. preparing a subscription account from given data For your presentation, research (i), (ii), (iii) and use the data below to complete (iv). A drama club charges its members an annual subscription of $40 per member. It accrues for subscriptions owing at the end of each year and also adjusts for subscriptions received in advance. i. ii. 111. On January 1, 2022, 36 members owed $720 for the 2021 year In December 2021, 8 members paid $160 for the year 2022 During the year 2022 the club received cash for subscriptions $$14,840 $720 $13840 $280 iv. At the end of December 31, 2022, 11 members had not paid their 2022 subscriptions. For 2021 For 2022 For 2023arrow_forwardAssume that you are the financial manager for Healthy Body Hospital and you have been asked to explain about the cost of capital to a group of non-financial managers who are also employed at this hospital. In advance of your presentation, you have been given the following three questions. Write a paragraph of approximately 100 words in response to each of these questions that will help guide your explanation to the group that you will be addressing. Because you will be speaking to a group of non-financial managers, in your own words, explain what exactly is meant by the term “cost of capital”. Prior to undertaking any capital budget project, is it important for a financial manager to understand the cost of capital? Why or why not? What are we referring to when we discuss the “optimal capital structure” of a business? Why is the optimal capital structure also referred to as the “target capital structure”? For a health care entity, in particular, what are some factors that you must…arrow_forward
- Principles of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax CollegePrinciples of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax College
- Essentials of Business Analytics (MindTap Course ...StatisticsISBN:9781305627734Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. AndersonPublisher:Cengage Learning