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Question: A consulting firm is planning a large event to connect its customers and vendors, and an event planning committee team is being formed. The event is its 10th year, and the manager in charge of it has recently retired. The CEO has appointed two of the company's managers to form and co-lead the team. The team co-leads are well performing employees, committed to the company's mission and the event's success. However, they have quite different work styles, and have already disagreed on a couple of team formation decisions. One is highly structured and organized, a meticulous planner focused on process. The other one is a creative and out-of-the-box thinker who places utmost priority on building and maintaining relationships with the company's external stakeholders.
Using material discussed in class on team formation, conflict management and other relevant content, please provide recommendations on the best strategy to successfully plan and execute the event. What directives should the CEO give to guide the planning activities? What would make the team successful? How do the two team leaders resolve and manage their differences?
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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