121. Assume in analyzing alternative proposals that Proposal F has a useful life of six years and Proposal J has a useful life of nine years. What is one widely used method that makes the proposals comparable? A. Ignore the fact that Proposal F has a useful life of six years and treat it as if it has a useful life of nine years. B. Adjust […]
141.Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan’s June bank statement shows $18,361 on deposit in the bank. Ryan’s comparison of the bank statement to its cash account revealed the following: Deposit in transit1,450 Outstanding checks837 Additionally, a $29 check written and recorded by the company correctly was recorded by the bank […]
111. A cost-volume-profit chart is also known as a(n)A. Operating profit chart.B. Operating leverage chart.C. Break-even chart.D. Margin of safety chart.E. Sales chart. Reference: 18_04 A firm sells two products, A and B. For every unit of A the firm sells, two units of B are sold. The firm’s total fixed costs are $1,612,000. Selling prices and cost information for both products […]
203. Use the following information to prepare the adjusted trial balance for Bella’s Beauty Salon. Bella’s Beauty Salon’s unadjusted trial balance for the current year follows: BELLA’S BEAUTY SALON Trial Balance December 31 Cash $ 4,200 Prepaid insurance 1,480 Shop supplies 990 Shop equipment 3,860 Accumulated depreciation – shop equipment $ 770 Building 57,500 Accumulated depreciation – building […]
86. The following data is given for the Harry Company: Budgeted production 26,000 units Actual production 27,500 units Materials: Standard price per ounce $6.50 Standard ounces per completed unit 8 Actual ounces purchased and used in production 228,000 Actual price paid for materials $1,504,800 Labor: Standard hourly labor rate $22 per hour Standard hours allowed per completed unit 6.6 Actual labor hours […]
21) What is the cost effect of the growth component for direct materials? A) $135,000 U B) $450,000 F C) $450,000 U D) $135,000 F 22) What is the cost effect of the growth component for conversion costs? A) $12,500 U B) $0 C) $90,000 U D) $90,000 F 23) Overall, was Crynton’s strategy successful in 2015? A) Yes, because total revenues increased […]
SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 71) Valley West Amusement Park is evaluating its ticket prices. It is open during the summer months for 15 weeks. The following information pertains to last year’s tourist season. Costs are expected to remain the same for this year. Average tourists per day on Friday thru Tuesday2,500 […]
122.Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, paid in cash, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel’s beginning and ending Work […]
53.Cleveland Company manufactures two products, Product A-33 and Product C-17. Product C-17 is the more complex of the two products, requiring 1.5 hours of direct labor per unit to manufacture compared to 1.0 hour of direct labor time for Product A-33. Product C-17 is produced on an automated production line. The company estimated it would incur $510,000 in manufacturing overhead costs and produce 10,000 […]
157. West Company declared a $0.50 per share cash dividend. The company has 190,000 shares issued, and 10,000 shares in treasury stock. The journal entry to record the payment of the dividend is: A. Debit Retained Earnings $90,000; credit Common Dividends Payable $90,000. B. Debit Common Dividends Payable $95,000; credit Cash $95,000.C. Debit Retained Earnings $5,000; credit Common Dividends Payable $5,000.D. Debit Common Dividends Payable $90,000; credit Cash $90,000. E. Debit […]
The Department of Homeland Security
The Department of Homeland Security offered a unique insight into how this cabinet level agency viewed the issue.
The 2014 Quadrennial Homeland Security Review (QHSR) was the document to offer this perspective.
The QHSR is an important foundational document in this discussion as it established multiple resilience goals and
objectives in the areas of critical infrastructure, supply chain systems, and cyber. The resilience of all of these areas,
and other sectors covered by the QHSR is a national imperative. Recent threat activities in the cyber sphere
underscores this need. From OPM, and Home Depot, to EQUIFAX and even the Department of Homeland Security itself
have suffered breaches.
DHS specifically noted in the Quadrennial Homeland Security Review (QHSR):
This second quadrennial review reflects a more focused, collaborative Departmental strategy, planning, and
analytic capability. The risk-informed priorities set forth in this Review will drive operational planning, as well as
analysis of resource and capability options and tradeoffs over the next four years. The Review also recognizes the
responsibility the Department shares with hundreds of thousands of people across the federal, state, local, tribal,
and territorial governments, the private sector, and other nongovernmental organizations, and provides a path
forward for engaging in public-private partnerships. These are the people who regularly interact with the public,
who are responsible for public safety and security, which own and operate our nation’s critical infrastructure and
services, who perform research and develop technology, and who keep watch, prepare for, and respond to
emerging threats and disasters.
It should come as no surprise that one of the five QHSR missions is devoted to resilience: Mission 5 – Strengthening
National Preparedness and Resilience. It should be noted the Congressionally mandated 2018 QHSR was never
released.
But there are even more agencies, within the Department of Homeland Security such as the Federal Emergency
Management Agency, (FEMA) which released the country's first-ever National Preparedness Goal in 2011. Again,
another foundational document dealing with resilience.
(Image: https://www.cisa.gov/)
The creation, in 2018, of the DHS Cybersecurity and Infrastructure Security Agency (CISA) assed to the national
resilience effort. According to that agency’s web site:
We coordinate security and resilience efforts using trusted partnerships across the private and public sectors and
deliver technical assistance and assessments to federal stakeholders as well as to infrastructure owners and operators
nationwide. CISA (n.d.) also delivers insights on these assessments related to current capabilities to identify gaps,
which—along with an examination of emerging technologies—help determine the demand for future capabilities (both
near- and long-term).
CISA has developed Sector Coordinating Councils (SCC) that are, “self-organized and self-governed councils that
enable critical infrastructure owners and operators, their trade associations, and other industry representatives to
interact on a wide range of sector-specific strategies, policies, and activities. The SCCs coordinate and collaborate with
sector-specific agencies (SSAs) and related Government Coordinating Councils (GCCs) to address the entire range of
critical infrastructure security and resilience policies and efforts for that sector.”
Finally, perhaps the document that is most talked about regarding resilience is President Policy Directives-8 or PDD-8.
Within this PDD a vision is presented for nationwide preparedness and identifies the core capabilities and targets
necessary to achieve preparedness across the following five mission areas: prevention, protection, mitigation,
response and recovery. Recognizing that preparedness is a shared responsibility, Presidential Policy Directive / PPD-8:
National Preparedness was signed by the President on March 30, 2011.
At its core, PPD-8 requires the involvement of everyone—not just the government—in a systematic effort to keep the
nation safe from harm and resilient when struck by hazards, such as natural disasters, acts of terrorism and
pandemics. When you think about it in the purest sense, isn’t that what resilience as an element of Homeland Security
really is?
One other Homeland Security resilience issue that has received a lot of focus from DHS’ Office of Academic
Engagement or OAE is the new Campus Resilience program. Released in April of 2018 this program which was based
on TableTop Exercises (TTX). This effort is driven by active shooter type events.
This policy directive calls on federal departments and agencies to work with the whole community to develop a
national preparedness goal and a series of frameworks and plans related to reaching the goal.
To help resilience get the kind of academic focus that it should the Department of Homeland Security Science and
Technology Directorate Office of University programs has established two academic centers of excellence. One is at the
University of North Carolina (Chapel Hill) – Coastal Resilience Center or CRC and one at the University of Illinois
Champaign-Urbana – the Critical Infrastructure Resilience Institute or CIRI. To get an understand of the research that
has done please visit these links:
https://coastalresiliencecenter.unc.edu/
https://ciri.illinois.edu/
Finally, to get a real sense of where the issue of Homeland Security and resilience stands entering 2021 listen to the
speech by Dr. Stephen Flynn, the Founding Director of the Global Resilience Institute at Northeastern University, and
one of America’s true experts on resilience. The link for this closed caption “Skype speech” from the 2020 Maritime
Risk Symposium provides Dr. Flynn’s perspective on maritime resilience in the face of growing human-made and
naturally occurring turbulence.
As you consider this issue keep in mind that the new Administration has issued Interim National Security Strategic
Guidance. Noted the Congressional Research Service:
In drafting national security strategies, every administration faces central questions about how the U.S.
government should define and advance national security. The Biden Administration argues that the COVID-19
pandemic and other systemic issues, including (but not limited to) climate change and the rise of anti-democratic
authoritarian populism, are forcing the United States to take an expansive view of what constitutes matters of
national security. In so doing, the INSSG articulates some continuity with the Trump Administration in identifying
the challenge that strategic competition with China poses to U.S. national security. (Congressional Research
Service)
What will be the impact on national resilience with this framework for the National Security Strategy? This is what the
Congressional Research Service noted:
How might Interagency Resources be Rebalanced? Since 2001, the Department of Defense (DOD) and U.S.
military have taken on missions beyond traditional warfighting responsibilities (including, but not limited to,
providing more security assistance and assisting with international disease responses). The State Department,
the U.S. Agency for International Development (USAID), the U.S. Trade Representative, and other agencies
provide critical national security capabilities, but possess narrower authorities and command fewer budgetary and
personnel resources.
How does national resilience get impacted or does it? Is there a direct connection between the NSS and national
resilience?
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