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27 May 2019


Pretend your 12-year-old niece asks you what "blockchain" and "cryptocurrency" mean. In very simple language, explain what a "blockchain" is and why it is such a novel concept (i.e. what "problems" does it address?). Then, discuss what "cryptocurrency" is and how the two are related.

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Reid Wolff
Reid WolffLv2
29 May 2019
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Please complete the problems below, and submit your answers tothe Week 7 Dropbox. See the Syllabus section “Due Dates forAssignments & Exams” for due date information. Please useproper spelling and grammar in your response.

Please choose one of the following (1, 2, or 3), and respond tothe questions.

For employees available to participate in a pensionplan

Does your employer offer a retirement plan at work? If so,answer the following.

What type of plan is it? Defined benefit or definedcontribution?*

If defined contribution, what type?

401(k)

403(b)

Employee stock ownership plan

Profit-sharing plan

Does your employer “match” your contribution? If so, what is thematch?

What are the benefits to you (the employee) of participating inthis plan?

Are there limits to how much you can contribute to the plan?

Does it have a Roth feature?

What are the benefits to your employer for offering thisplan?

If you are not contributing, why?

* If you do not know the answer to these questions, then askyour HR or payroll department for the answers. Please do notguess.

For employees without a pension plan atwork

If your employer does not offer a retirement plan at work, thenemployees have some options for accumulating retirement savings ontheir own.

Discuss the nonemployer plan retirement saving opportunitiesavailable to an employee.

Are you currently contributing to a nonemployer plan?

If yes, what type?

What is the benefit to you as an employee for saving for yourretirement?

Are there limits to how much you can contribute to the plan?

If you are not contributing, why?

For the self-employed

Are you self-employed? If yes, address the following.

What retirement savings opportunities are available to theself-employed?

Are there limits to how much you can contribute to the plan?

Do you currently contribute to a self-employed plan?

If so, what kind?

What are the tax benefits to a self-employed person for makingcontributions?

If you are not contributing, why?

For the nonworking taxpayer

If you do not have a job and you are not self-employed, thenchoose one of the following.

Please address questions 1, 2, or 3 above based on an interviewyou have conducted with your spouse, and describe a spousalIRA.

If you are unmarried, please address questions 1, 2, or 3 abovebased on an interview with one of your parents.

If neither of the above options is possible for you, pleaseinterview a friend, and address questions 1, 2, or 3 above.

1. Strategy Exercise: Metrics are only information—it is up to you to interpret and use them. Interpret the following metrics and identify what they might mean by addressing the questions that follow them.

a. Compare the following two recruiting sources:

Source X Source Y

Cost $200,000 $200,000

Number of New Hires 20 10

Cost per Hire $10,000 $20,000

Which program do you conclude is better? Why?

If the hires from source X are retained for two years, and the hires from source Y are retained for five years, would your conclusion change? Why?

What additional information would you need to make a recommendation about the source that’s preferable?

b. The turnover rates of different employee subgroups of a firm are as follows:

Employee Group Turnover Rate (%)

Under 6 months tenure 85

6 months to 1 year tenure 60

1 to 2 years 30

Over 2 years 12

High performers 25

Moderate performers 20

Low performers 10

In what ways is turnover a problem for this company?

How could the company address the situation?

ou are an accountant in the budgetary, projections, and specialprojects department of Fernetti Conductor, Inc., a largemanufacturing company. The president, Richard Brown, asks you onvery short notice to prepare some sales and income projectionscovering the next 2 years of the company's much heralded newproduct lines. He wants these projections for a series of speecheshe is making while on a 2-week trip to eight East Coast brokeragefirms. The president hopes to bolster Fernetti's stock sales andprice.

You work 23 hours in 2 days to compile the projections,hand-deliver them to the president, and are swiftly but graciouslythanked as he departs. A week later, you find time to go over someof your computations and discover a miscalculation that makes theprojections grossly overstated. You quickly inquire about thepresident's itinerary and learn that he has made half of hisspeeches and has half yet to make. You are in a quandary as to whatto do.

Instructions:

So I read this case and obviously it stated in such a way to putyou in the Accountant's point of view. I think the choice for thatperson is quite obvious. It is in my opinion difficult to evenimagine being in that kind of situation and from our external viewthe right choice is very simple. The accountant has aresponsibility to alert the President of this mistake. So let'spretend we are the President and we have received this information.What should we do about these two problems. 1. Half of the speecheshave been delivered with inaccurate and misleading information. 2.How do you deal with the accountant?

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