Financial Reporting Problem Part 1 Essay

The company’s annual report is important because it gives the shareholders a clear picture and understanding about how the company is doing financially. The annual reports provide thorough information on very significant section of the accounts, such as the balance sheet, the income statement, and the cash flow statement. The information presented in the annual report would also be essential to potential investor, employee, and any other people that may have interest in financial aspect of the business. The company’s total assets at the end of December 2013 were $77,478,000 (PepsiCo, n.d.). Although, for the reporting period at the end of December 2012, the total was $74,638,000. This information is important because it demonstrate what the company owns and how the company has grown over the years. It gives an understanding of the financial condition of the company, and how well they are doing, or have not done over the time frame. The current assets are the first thing on the balance. These are listed by the company so they have a tangible list of what it may convert into cash in a short period of time if the situation calls for that. This can usually be done in less than a year. Because these assets can easily be turned to cash by the company, they are referred to as â€Å"liquid† assets. Cash and cash equivalents are the most liquid assets found on the company’s balance sheet. PepsiCo’s cash and cash equivalents for the year end of December 28, 2013 were $9,375,000 and in December 2012 the company had $6,297,000 in cash and cash equivalents (PepsiCo, n.d.). This includes short-term investments, accounts and notes receivable, inventories and prepaid expenses, and other current assets. This represents the company’s liquidity. The more of the above that the company has access to what gives them a high risk of success because management can use the money to carry through tough periods. All accounts  payable are the debts owed by the company to various vendors for products and services purchased on credit. Upon review of the current financial statement for PepsiCo they have a total amount of $12,533,000 owed to vendors (Yahoo Finance, 2014). This is one of the largest current liabilities because of the fact the companies are constantly ordering new products or paying vendors for services or merchandise. As shown on PepsiCo’s balance sheet, the company recorded $12,274,000 in their accounts payable for their previous annual reporting period, 2012 (Yahoo Finance, 2014). This says that PepsiCo purchased supplies, products, and services on credit. They were liable to pay this amount to their vendors and suppliers at the time they were due. Net incomes are proceeds from a sale of an asset, minus the commissions, taxes, and other expenses related to the sale. For example, a case of Pepsi was sold in a store. The net incomes made from that sale, what money is left after the expenses, commissions, and taxes are paid. Another example of net income would be the profit made from the sale of a truck, land, or building that PepsiCo owned. PepsiCo reported $6,740,000 in net income for 2013 (Yahoo Finance, 2014). This is an increase from the reported net income in 2012. In 2012 PepsiCo reported $6,178,000 in net income (Yahoo Finance, 2014). As shown, there was a bigger increase in net income between 2012 and 2013. Net income is one of the most important signs of a business’ financial stability. The net income is generally the amount remaining after the expenses have been met or deducted. This is known as the bottom line because it is found on the last line of the income statement. PepsiCo reported their total current assets at the end of their most recent annual reporting period, 2013, at $22,203,000 (Yahoo Finance, 2014). This figure includes their current assets such as cash and cash equivalents, short-term investments, net receivables, and inventory. Cash includes currency on hand as well as deposits in their financial institution. Cash equivalents are investments with maturities of three months or less. Net receivables are the amount due from customers or clients within one year on the balance sheet date. The inventory will include the raw materials, work in process, and finished goods. They value these at the lower to cost or market. In 2012, PepsiCo reported $18,720,000 in their total current assets  (Yahoo Finance, 2014). It is evident that between the years of 2012 and 2013 their total current assets increased. The annual report contains the information above and is very important to the business, and can be used for many different reasons. The owner s can use the information to decide whether or not they should continue to operate. The information on the total assets and the amount of the accounts payable can benefit potential investors because it shows them strong the company is financially, by stating what the company owns and how much it owes. The finance department can use the information above to make reasonable â€Å"decision about debt and equity financing and how to distribute in dividends† (Kimmel, Weygandt, & Kieso, 2011, p. 41). Last, but not least: the human resources department can use the information to see how much cash the company has and its total income in order to figure out how much money is available in order to give incentives, raises, bonuses, benefits, rewards, or other types of gifts etc. to the employees. According to our text, it also states that â€Å"if employees can read and use financial reports all employees will be better informed about the basis on which they are evaluated, which will increase employee morale† (Kimmel, Weygandt, & Kieso, 2011, p. 41). References Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2011). Financial accounting: Tools for business decision making (6th ed.). Hoboken, NJ: John Wiley & Sons. PepsiCo. (n.d.). Investors. Retrieved from http://www.pepsico.com/Investors/Annual-Reports.html Yahoo Finance. (2014, April). http://finance.yahoo.com/q/hp?s=PEP+Historical+Prices

Acct 562 Assignment 2 – The town of bedford falls approved a general fund

Chapter 4: Problems 4–4, 4–6, 4–10, and 4–11 3–9.Recording General Fund Operating Budget and Operating Transactions. The Town of Bedford Falls approved a General Fund operating budget for the fiscal year ending June 30, 2011. The budget provides for estimated revenues of $2,700,000 as follows: property taxes, $1,900,000; licenses and permits, $350,000; fines and forfeits, $250,000; and intergovernmental (state grants), $200,000. The budget approved appropriations of $2,650,000 as follows: General Government, $500,000; Public Safety, $1,600,000; Public Works, $350,000; Parks and Recreation, $150,000; and Miscellaneous, $50,000. Summary General Fund operating budget: fiscal year ending June 30, 2011 Budget: revenues of $2,700,000 property taxes: $1,900,000 licenses and permits: $350,000 fines and forfeits: $250,000 intergovernmental (state grants):$200,000 The budget approved appropriations of $2,650,000 as follows: General Government:$500,000 Public Safety: $1,600,000 Public Works: $350,000 Parks and Recreation: $150,000 Miscellaneous:$50,000 Required : a. Prepare the journal entry (or entries), including subsidiary ledger entries, to record the Town of Bedford Falls’s General Fund operating budget on July 1, 2010, the beginning of the Town’s 2011 fiscal year. Answer: General LedgerSubsidiary ledger Estimated RevDR: $2,700,000 Budgetary fund Bal. CR: $2,700,000 TaxesDR: $1,900,000 Intergovernmental Rev. DR: $200,000 Licenses & PermitsDR: $350,000 b. Prepare journal entries to record the following transactions that occurred during the month of July 2010. 1. Revenues were collected in cash amounting to $31,000 for licenses and permits and $12,000 for fines and forfeits. Answer: licenses and permits (Subsidiary Ledger) DR: Licenses & Permits $31,000 CR: Cash $31,000 fines and forfeits (general ledger) DR: Estimated Rev $12,000 CR: Budgetary fund bal. $12,000 2. Supplies were ordered by the following functions in early July 2010 at the estimated costs shown: Answer: Appropriations LedgerSubsidiary ledger General GovernmentCR: $7,400 Public SafetyCR: $11,300 Public WorksCR: $6,100 Parks & RecreationCR: $4,200 Misc. CR: $900 Encumbrances subsidiary LedgerSubsidiary ledger General GovernmentDR: $7,400 Public SafetyDR: $11,300 Public WorksDR: $6,100 Parks & RecreationDR: $4,200 Misc. DR: $900 3. During July 2010, supplies were received at the actual costs shown below and were paid in cash. General Government, Parks and Recreation, and Miscellaneous received all supplies ordered. Public Safety and Public Works received part of the supplies ordered earlier in the month at estimated costs of $10,700 and $5,900, respectively. c. Calculate and show in good form the amount of budgeted but unrealized revenues in total and from each source as of July 31, 2010. Answer: Budgeted but unrealized revenues: General Govn – $100 Public Safety – ($100) Public Works – ($200) Park & Rec – $100 Misc. – $0 d. Calculate and show in good form the amount of available appropriation in total and for each function as of July 31, 2010. Answer: Available appropriation: General Govn. – $100 Public Safety – $0 Public Works – $0 Park & Rec – $100 Misc. – $0 4–4 Property Tax Calculations and Journal Entries. The Village of Darby’s budget calls for property tax revenues for the fiscal year ending December 31, 2011, of $2,660,000. Village records indicate that, on average, 2 percent of taxes levied are not collected. The county tax assessor has assessed the value of taxable property located in the village at $135,714,300. Required: a. Calculate to the nearest penny what tax rate per $100 of assessed valuation is required to generate a tax levy that will produce the required amount of revenue for the year. Answer: 2,700,000%. 096= $2,812,500 b. Record the tax levy for 2011 in the General Fund. (Ignore subsidiary detail and entries at the government-wide level. ) Answer: DR: General Revenue-Property Taxes CR: Property Taxes c. By December 31, 2011, $2,540,000 of the current property tax levy had been collected. Record the amounts collected and reclassify the uncollected amount as delinquent. Interest and penalties of 6 percent were immediately due on the delinquent taxes, but the finance director estimates that 10 percent will not be collectible. Record the interest and penalties receivable. (Round all amounts to the nearest dollar. ) 4–6 Special Revenue Fund, Voluntary Nonexchange Transactions. The City of Eldon applied for a competitive grant from the state government for park improvements such as upgrading hiking trails and bike paths. On May 1, 2011, the City was notified that it had been awarded a grant of $200,000 for the program, to be received in two installments on July 1, 2011, and July 1, 2012. The grant stipulates that $100,000 is for use in each of the city’s fiscal years ending June 30, 2012, and June 30, 2013. Any amounts not expended during FY 2012 can be carried over for use in FY 2013. During FY 2012, the city expended $90,000 for park improvements from grant resources. Required For the special revenue fund, provide the appropriate journal entries, if any, that would be made for the following: 1. May 1, 2011, notification of grant approval. Answer: No Entry 2. July 1, 2011, receipt of first installment of the grant. Answer: CR: Grant $1,000,000 DR: Cash $1,000,000 3. During FY 2011 to record expenditures under the grant. Answer: No Entry 4. July 1, 2012. CR: Grant- park improvements, $90,000 DR: Cash- grant resources, $90,000 4–10 Operating Transactions, Special Topics, and Financial Statements. The City of Ashland’s General Fund had the following post-closing trial balance at April 30, 2010, the end of its fiscal year: ? During the year ended April 30, 2011, the following transactions, in summary form, with subsidiary ledger detail omitted, occurred: 1. The budget for FY 2011 provided for General Fund estimated revenues totaling $3,140,000 and appropriations totaling $3,100,000. . The city council authorized temporary borrowing of $300,000 in the form of a 120-day tax anticipation note. The loan was obtained from a local bank at a discount of 6 percent per annum (debit Expenditures for discount). 3. The property tax levy for FY 2011 was recorded. Net assessed valuation of taxable property for the year was $43,000,000, and the tax rate was $5 per $100. It was estimated that 4 percent of the levy would be uncollectible. 4. Purchase orders and contracts were issued to vendors and others in the amount of $2,059,000. 5. The County Board of Review discovered unassessed properties with a total taxable value of $500,000. The owners of these properties were charged with taxes at the city’s General Fund rate of $5 per $100 assessed value. (You need not adjust the Estimated Uncollectible Current Taxes account. ) 6. $1,961,000 of current taxes, $383,270 of delinquent taxes, and $20,570 of interest and penalties were collected. 7. Additional interest and penalties on delinquent taxes were accrued in the amount of $38,430, of which 30 percent was estimated to be uncollectible. 8. Because of a change in state law, the city was notified that it will receive $80,000 less in intergovernmental revenues than was budgeted. 9. Total payroll during the year was $819,490. Of that amount, $62,690 was withheld for employees’ FICA tax liability, $103,710 for employees’ federal income tax liability, and $34,400 for state taxes; the balance was paid to employees in cash. 10. The employer’s FICA tax liability was recorded for $62,690. 11. Revenues from sources other than taxes were collected in the amount of $946,700. 12. Amounts due the federal government as of April 30, 2011, and amounts due for FICA taxes, and state and federal withholding taxes during the year were vouchered. 13. Purchase orders and contracts encumbered in the amount of $1,988,040 were filled at a net cost of $1,987,570, which was vouchered. 14. Vouchers payable totaling $2,301,660 were paid after deducting a credit for purchases discount of $8,030 (credit Expenditures). 15. The tax anticipation note of $300,000 was repaid. 16. All unpaid current year’s property taxes became delinquent. The balances of the current tax receivables and related uncollectibles were transferred to delinquent accounts. 7. A physical inventory of materials and supplies at April 30, 2011, showed a total of $19,100. Inventory is recorded using the purchases method in the General Fund; the consumption method is used at the government-wide level. Required a. Record in general journal form the effect of the above transactions on the General Fund and governmental activities for the year ended April 30, 2011. Do not record subsid iary ledger debits and credits. Answer: General FundDebitCredit revenues $3,140,000 appropriations $3,100,000 borrowing of $300,000 principle and interest$300,000 roperty tax levytax levyCash b. Record in general journal form entries to close the budgetary and operating statement accounts. c. Prepare a General Fund balance sheet as of April 30, 2011. Answer: General Fund Cash $3,140,000 Borrowing/Lending 300,000 Total Liabilities Vouchers payable totaling $2,301,660 materials and supplies $19,100 tax liability $62,690 d. Prepare a statement of revenues, expenditures, and changes in fund balance for the year ended April 30, 2011. Do not prepare the government-wide financial statements. 4–11 Permanent Fund and Related Special Revenue Fund Transactions. Annabelle Benton, great-granddaughter of the founder of the Town of Benton, made a cash contribution in the amount of $500,000 to be held as an endowment. To account for this endowment, the town has created the Alex Benton Park Endowment Fund. Under terms of the agreement, the town must invest and conserve the principal amount of the contribution in perpetuity. Earnings, measured on the accrual basis, must be used to maintain Alex Benton Park in an â€Å"attractive manner. All changes in fair value are treated as adjustments of fund balance of the permanent fund and do not affect earnings. Earnings are transferred periodically to the Alex Benton Park Maintenance Fund, a special revenue fund. Information pertaining to transactions of the endowment and special revenue funds for the fiscal year ended June 30, 2011, follows:1. The contribution of $500,000 wa s received and recorded on December 31, 2010.2. On December 31, 2010, bonds having a face value of $400,000 were purchased for $406,300, plus three months of accrued interest of $6,000. A certificate of deposit with a face and fair value of $70,000 was also purchased on this date. The bonds mature on October 1, 2019 (105 months from date of purchase), and pay interest of 6 percent per annum semiannually on April 1 and October 1. The certificate of deposit pays interest of 4 percent per annum payable on March 31, June 30, September 30, and December 31.3. On January 2, 2011, the town council approved a budget for the Alex Benton Park Maintenance Fund, which included estimated revenues of $13,400 and appropriations of $13,000.4.On March 31, 2011, interest on the certificate of deposit was received by the endowment fund and transferred to the Alex Benton Park Maintenance Fund.5. The April 1, 2011, bond interest was received by the endowment fund and transferred to the Alex Benton Park M aintenance Fund.6. On June 30, 2011, interest on the certificate of deposit was received and transferred to the Alex Benton Park Maintenance Fund.7. For the year ended June 30, 2011, maintenance expenditures from the Alex Benton Park Maintenance Fund amounted to $2,700 for materials and contractual services and $10,150 for wages and salaries. All expenditures were paid in cash except for $430 of vouchers payable as of June 30, 2011. Inventories of materials and supplies are deemed immaterial in amount.8. On June 30, 2011, bonds with face value of $100,000 were sold for $102,000 plus accrued interest of $1,500. On the same date, 2,000 shares of ABC Corporation’s stock were purchased at $52 per share. Required a. Prepare in general journal form the entries required in the Alex Benton Park Endowment Fund to record the transactions occurring during the fiscal year ending June 30, 2011, including all appropriate adjusting and closing entries. Note: Ignore related entries in the go vernmental activities journal at the government-wide level. ) b. Prepare in general journal form the entries required in the Alex Benton Park Maintenance Fund to record Transactions 1–8. c. Prepare the following financial statements: (1) A balance sheet for both the Alex Benton Park Endowment Fund and the Alex Benton Park Maintenance Fund as of June 30, 2011. (2) A statement of revenues, expenditures, and changes in fund balance for both the Alex Benton Park Endowment Fund and the Alex Benton Park Maintenance Fund for the year ended June 30, 2011.

Negative and Positive Effect of Using Computers

Using computers everyday can have more, negative than positive effect on young children. Nowadays computer play a crucial role for young generation. Mostly children dependent on computers for multifarious purposes. But some people believe that it cause obstacle between their healthy life and in acquiring practical knowledge. Lets delve deeper into the topic to seek more clarification.Firstly and most commonly,the advanced technology make the people more lethargic. The children spend their leisure time in playing games on computer which cause paucity of interaction with their friends.Because team work is must to interact with the world. While sitting in front of the monitor screen their eye sight effects badly.In addition, numerous children suffered from back pain and obesity problem that occurs due to the lack of physical exercise. This problems have create critical health hazards.Furthermore, The use of computers make the life more fast and easy. Students enhance their knowledge and learn the use of technology.Due to the modern era it is must for the children to keep them-self update. today their is a world of cut throat competition .The computer beneficial to improve the general knowledge and IQ level.It makes the children more occupied in work and its better to stay away from bad habits. In nutshell, It would safe to say the advantages of the computer over weigh the disadvantages.To conclude, computer meant to make live comfortable and easy but people handle that in complex and abusive manner.Its not possible to keep away the children from computers.The children should allow them to use it in the supervision of parents only.â€Å"Using a computer everyday can have more negative than positive effects on children. Do you agree ? Explain your opinion with relevant examples.† In today's technologically developed world, the computer is no longer a luxury, but a staple of everyday life. In personal, professional and academic spheres reliance on the computer is inevitable. Although, some would say that use of a computer at an early age has detrimental effects, I content that its benefits outweigh its risks.The current education system places a great amount of mental pressure on students. Including computer and internet with the studies may make the curriculum  more interactive and interesting. Learning vast syllabus and diverse topics in different areas can often force a student to opt for rote learning without putting stress on their brain, such a method further leads to strait-jacket a child's cognitive skills.In contrast, use of computers and internet for exploring such topics will help them in achieving an in-depth knowledge and understanding from their roots. It can further stemmed to make them a good abstract thinker. It is also worthy to galvanize the use of computer during children's leisure time.There are a galore of   strategy related computer games available in the market. Playing such skill games is a good way of increa sing one's concentration level, boosting self-confidence and improving the one's thinking capability. In today's job market, every single openings comes up with a requirement of mandatory computer knowledge with hands-on training, on the rudiments of computer skills.Having children explored exposed to such skills at an early age would ironically â€Å"ironically† is wrong here prepare them for more profession career. On the other hand, one must not ignore the detrimental effects on health of using computers continuously for extended time periods. Guidance by parents and elders is a must for a child – especially to supervise if â€Å"verify that† sounds better   they are not addicted to any tantalizing, restricted websites that contains in-decenand violent materials. To sum up, I would concede that computer use at an early age is of pinnacle importances and its disadvantages can be easily curbed with proper guidance and constant supervision.Using a computer eve ry day can have more negative than positive effects on children. Do you agree or disagree? Give reasons for your answer and include any relevant examples from your own knowledge or experience. In today's modern world, computers are an essential part of everyday life. Around the globe, children often use computers from a very  young age. Although it is important for children to participate in various well-balanced activities, in my opinion, children who use the computer daily are actually developing a critical skill for future success. The bases for my views are personal, academic, and professional.From a personal point of view, computers are an invaluable resource to help young people explore the world around them. For example, children who use Internet to satisfy their curiosity about diverse topics are already becoming independent learners. No child with a computer is ever bored! By starting early in their lives, children feel totally at ease around computers; they are also able to take advantage of the wide range of services computers provide. From an academic viewpoint, children have no choice but to master this technological invention. For instance, when I was in university, students brought their laptops to class to take notes, do research and exchange information.They wrote assignments, created presentations and developed databases. Children who build early confidence and experience in these abilities are at a distinct advantage over those who have not. From a professional perspective, the computer has found a permanent place in the workplace. Today, employers still pay to provide computer training to their employees. Tomorrow, corporations will expect prospective job applicants to already possess these critical job skills. Consequently, parents who encourage their child to use the computer for a reasonable period of time daily are in fact investing in the child's future career. In conclusion, there is no doubt that the computer as a technological too l is here to stay. The sooner children become computer-literate, the better for many aspects of their future lives.

The case of injury at the workplace Essay Example | Topics and Well Written Essays - 1250 words

The case of injury at the workplace - Essay Example The case of injury at the workplace The plaintiff appealed the decision to the court. BWC filed a motion to dismiss for lack of jurisdiction. The court ruled in favor of BWC holding that Plaintiff had not exhausted administrative remedies and dismissed the appeal. Subsequently, the plaintiff moved to the Tenth District Court of Appeals which upheld the decision of the trial court. The plaintiff did not stop there but made a second Workers’ Compensation claim application with BWC. This second application was administratively rejected by BWC and Industrial Commission at all levels. The plaintiff then appealed BWC’s decision to the court. At that point, the BWC (hereby called the defendant) made the motion to dismiss or in alternative for summary judgment (the subject to the present appeal) on grounds that decision of the defendant denying the applicant’s first application acted as a bar for his making the second application, under the doctrine of res Judicata. Therefore, the main issue in the applica tion was whether the second worker’s compensation application by the plaintiff can be heard de novo by BWC or it was barred under the doctrine of res Judicata. The court found that the second application should have been heard de novo by the defendant. The reasoning of the court was that the original worker’s compensation claim was not heard on merit but was dismissed on procedural technicalities and, therefore, the doctrine of res Judicata did not apply. ... This second application was administratively rejected by BWC and Industrial Commission at all levels. The plaintiff then appealed BWC’s decision to the court. At that point, the BWC (hereby called the defendant) made the motion to dismiss or in alternative for summary judgment (the subject to the present appeal) on grounds that decision of the defendant denying the applicant’s first application acted as a bar for his making the second application, under the doctrine of res Judicata. Therefore, the main issue in the application was whether the second worker’s compensation application by the plaintiff can be heard de novo by BWC or it was barred under the doctrine of res Judicata. The court found that the second application should have been heard de novo by the defendant. The reasoning of the court was that the original worker’s compensation claim was not heard on merit but was dismissed on procedural technicalities and, therefore, the doctrine of res Judica ta did not apply. The court relied on a decision of the Tenth District Court of Appeals in Greene v Conrad (10th Dist., 1997) where the court held that BWC had denied the application on procedural ground, and which did not constitute adjudication of the dispute on its merits and, therefore, the doctrine of res Judicata could not apply. Therefore, the court dismissed the defendant’s motion to dismiss and remanded back the matter to BWC for proceedings. The trial court found that the original worker’s compensation claim application was filed by another person other than the plaintiff with BWC without the knowledge of the plaintiff and therefore, the claim cannot be held to have been adjudicated on merit since he was not pricy as a party. Present Appeal

Research Proposal (Advertising & Censorship) Example | Topics and Well Written Essays - 2500 words

(Advertising & Censorship) - Research Proposal Example With the use of other strategies, advertisements help in building brand image for companies, meaning that clients can easily identify specific companies with specific products and services. In Honk Kong, the need for producers and service providers to be competitive is no different from what exists in other parts of the world as companies are constantly opened up to local and international competition (quote). As noted in the background, competitiveness among companies in Hong Kong is now an important determinant of success for various business operatives. Even though this is a situation that happens with almost every other company, quote (year) singled out the food and alcohol industry and said that these are faced with even stiffer need to be competitive as the industry is regarded as both important and exposed to perfect competition. On a daily basis, new food, beverage and alcohol companies spring up in Hong Kong in different sizes. As noted in the background, most of these companies resort to the use of advertisement to make their presence known to the public. The problem with advertisement from some of these companies however has to do with the consent of their products and the content of their advertisement. Even though even though alcoholic and unhealthy food are not prohibited in Hong Kong, quote (year) laments about how the content of advertisements are not made to reflect the t rue content of products but only to emphasise on persuading clients. In the light of the identified problem above, the proposed study will be carried out with the purpose of comparing alcohol and unhealthy food product in Hong Kong to the United Kingdom (U.K.). This means that the U.K’s model of advertisement and censorship on alcohol and unhealthy food is used as a model to test the rate of acceptability with what prevails in Hong Kong. U.K is selected as the model due to popularity of its advertisement regulations in literature and how

Recruitment and Staffing Essay Example | Topics and Well Written Essays - 250 words

Recruitment and Staffing - Essay Example , when demand and supply have been appropriately determined for each position in each of the owner’s small convenience stores, he could anticipate future demand and design acquisition strategies which integrate time frame elements to ensure that future requirements are placed at an appropriate time. As emphasized in Heneman, Judge, & Kammeyer-Mueller (2012), for small establishments like what the owner has, the method of job analysis that is most appropriate is the job group analysis. As disclosed, â€Å"jobs with similar content, wage rates, and opportunities (e.g., promotion, training) must be combined into job groups, and each group must include a list of job titles†¦ use as job groups the nine categories on the EEO-1 form: officials and managers, professionals, technicians, sales, office and clerical, craft workers (skilled), operatives (semiskilled), laborers (unskilled), and service workers† (Heneman, Judge, & Kammeyer-Mueller, 2012, p. 129). It was also stated that the percentage of women and minorities in each group should be appropriated, as required by labor

U.S and Iran Negotiations Coursework Example | Topics and Well Written Essays - 1250 words

U.S and Iran Negotiations - Coursework Example The power bases include: The framework agreement comprised a milestone in negotiations that began like 12 years ago. It created parameters for more than 3 months of negotiations over technical advances and unresolved matters. In Washington, Mr. Obama strongly defended the agreement with Iran as a rare lifetime opportunity to end the spread of dangerous nuclear weapons. He used his excellent communication power base to reassure his critics that he would keep all options available if at all Iran cheated ultimately (Alanazi, & Arnoldo, 2003). Over a period, Iran has been subjected to various pressures and sanctions especially from the US. Under the Obama administration, the sanctions have become more international and far-reaching hence leading to sanctions on the sale of oil by Iran and international access to financial markets. Nonetheless, Obama used to assure Iran that all these sanctions that continued to batter its economy would be lifted in phases if the deal to end the production of nuclear weapons was signed (Castillo et al, 2015) After negotiating the nuclear deal with Iran, President Obama faces two more steps to make it realistic. One is using his power as the US president to make the outline of the deal and its finality. The other step is ensuring that the congress does not interfere on the way. Since the beginning of the negotiations, the Congress has tried to block the deal but president Obama has used his authoritarian powers to prevent the Congress from blocking the deal. Most of the Republicans and some Democrats are skeptical about the recent agreement but in his speech, President Obama dared them to block the deal (Carson et al, 1995). Influence can refer to the force that a person exerts on someone else to induce a certain change on the targeted person. Barrack Obama, the president of USA used the following influence tactics to force out the deal. In this tactic, the leader just issues and instructs