Jim Coleman, Jr

question 187

Essay

Jim Coleman, Jr. was appointed the manager of Maris Properties, a recently formed company that manages residential rental properties. Linda Grider is the accountant. She prepared a chart of accounts based on an analysis of the expenditures of the company. One of the largest expense categories is Travel and Entertainment. Mr. Coleman believes that it is important to maintain a presence in the social life of the city. In this, he sharply differs from his father, Jim Coleman, Sr. The elder Mr. Coleman has set up Maris Properties in order to test his son's management skills before allowing him to manage the more lucrative commercial property business. Mr. Coleman, Sr. provided the capital for Maris, and maintains close contact with the company. He allowed his son, however, to hire his own employees.
Mr. Coleman has asked Ms. Grider to change the name of the Travel and Entertainment account to Property Development. He hopes to deflect his father's attention away from the amount he has spent on travel and entertainment until he has proven that his methods work. When Ms. Grider resisted, he reminded her that he, not his father, hired her. He also reminded her that she had been enthusiastic about his business plans when she was hired.
Required:
1. Who are the stakeholders in this situation?
2. Should Ms. Grider agree to the change in the Travel and Entertainment account to Property Development? Explain.

Calculate the amount of principal given specific investment conditions.

Determine the necessary investment amount to achieve a specific interest payout.

Understand and calculate the time period necessary for investments to reach a certain value.

Master the concept of term deposits and their maturity dates.

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Definitions:

Random Assignment

The process of allocating participants in an experiment to different groups in a way that each participant has an equal chance of being assigned to any group, helping to ensure the validity of the results.

Causation

is the action of causing something, referring to a relationship between two events where one event (the cause) is understood to directly result in the other event (the effect).

Third-variable Problem

A situation in correlation studies where a variable that has not been measured accounts for the relationship between two other variables, potentially misleading the results.

Independent Variables

Factors or conditions in an experiment that are manipulated or changed by the researcher to observe their effects on the dependent variables.