The total payments made from the future value gives us the balance is -$1,183,113
To find the balance of the loan after six years, we need to use the formula for the future value of an annuity:
[tex]FV = P * \frac{[(1 + r)^n - 1] }{r}[/tex]
Where FV is the future value, P is the payment amount, r is the interest rate, and n is the number of periods.
In this case, P = $19,000, r = 0.12, and n = 6.
Plugging these values into the formula gives us:
[tex]FV = $19,000 * [(1 + 0.12)^6 - 1] / 0.12\\FV = $19,000 * \frac{(2.012 - 1)}{0.12} \\FV = $19,000 * \frac{1.012}{0.12} \\FV = $161,016.67[/tex]
To find the balance of the loan after six years, we need to subtract the total payments made from the future value:
Balance = FV - (P * n)
Balance = $161,016.67 - ($19,000 * 6)
Balance = $161,016.67 - $114,000
Balance = $47,016.67
Therefore, the balance of the loan just after the six year's payment is made is $47,016.67.
However, this answer is not one of the options provided. It is possible that there is a mistake in the question or in the answer choices. It is also possible that the question is asking for the balance of the loan after six years of monthly payments, rather than six years of annual payments. In that case, we would need to adjust the formula to account for the monthly payments:
[tex]FV = P * [(1 + \frac{r}{12} )^{n*12} - 1] / (\frac{r}{12} )[/tex]
Where FV is the future value, P is the payment amount, r is the interest rate, and n is the number of years.
Plugging in the values from the question gives us:[tex]FV = $19,000 * [(1 + 0.12/12)^{6*12} - 1] / (0.12/12)\\FV = $19,000 * [1.973 - 1] / 0.01\\FV = $19,000 * 0.973 / 0.01\\FV = $184,887[/tex]
Again, subtracting the total payments made from the future value gives us the balance:
Balance = FV - (P * n * 12)
Balance = $184,887 - ($19,000 * 6 * 12)
Balance = $184,887 - $1,368,000
Balance = -$1,183,113
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Health Guard PLC is a pharmaceutical company who manufactures and imports and sell affordable, high-quality, pharmaceuticals to ensure that anyone, anywhere has access to life saving drugs they need , the registered office is situated Address. No 20/5, Kirimandala Mawatha Nawala, Rajagiriya Sri Lanka.
The following trial balance was extracted from the books of Health Guard PLC as at 31st March 2021.
Health Guard PLC
Trial Balance as at 31st March 2021 (Rs.'000)
The following additional information is also provided:
(1) Inventory held as at 31st March 2021 included obsolete stock of Rs.700,000/- at cost. This was sold for Rs.250,000/- on 05th April 2021 to a buyer incurring Rs.20,000/- for transporting these stocks to the buyer’s location. No entries were made in this regard yet.
(2) The company has revalued its land to Rs.60 million on 31st March 2021. This has not been recorded in the books of accounts.
(3) On 01st July 2020, the company acquired a new machinery and purchase cost of Rs.3,500,000/- has been recorded under the purchase account. In addition to that the company has incurred further Rs.500,000/- on the same date for installation and testing the machine and this was recorded under the administration Expenses.
To adjust the financial statements of Health Guard PLC as at 31st March 2021, follow these steps: Write off obsolete inventory, Record transportation costs, Record the revaluation of land and Adjust machinery purchase.
1. Write off obsolete inventory: Deduct the obsolete stock of Rs. 700,000 from the inventory account. Record a loss of Rs. 450,000 (Rs. 700,000 - Rs. 250,000) as "Loss on Sale of Obsolete Inventory" in the income statement.
2. Record transportation costs for obsolete inventory: Record an expense of Rs. 20,000 for transporting the obsolete stock to the buyer's location under "Selling and Distribution Expenses" in the income statement.
3. Record the revaluation of land: Increase the value of the land account by Rs. 60 million to reflect the revaluation. Record a "Revaluation Surplus" in the equity section of the balance sheet for the same amount.
4. Adjust machinery purchase and installation costs: Deduct Rs. 3,500,000 from the purchase account and add it to the machinery account. Move the installation and testing cost of Rs. 500,000 from administration expenses to the machinery account as well. The machinery account should now have a total value of Rs. 4,000,000 (Rs. 3,500,000 + Rs. 500,000).
After making these adjustments, the financial statements of Health Guard PLC will provide an accurate representation of the company's financial position as at 31st March 2021.
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I am applying for student investment fund and wanted help in regarding these questions.
If you could write a example of them it would be a great help.
thank you
Please answer the following questions in 1-2 pages:
1. What about the Student Investment Fund experience has attracted you to apply?
2. Provide a previous example/situation in which you exemplified the skills of time management, perseverance and/or another trait you believe necessary for this fund.
3. What current and upcoming events have and will likely affect the financial markets in the coming months? Provide reasons for your predictions and the anticipated effects on domestic and global securities markets.
1.I am attracted to the Student Investment Fund because it provides a unique opportunity to build skills and knowledge n the areas of finance and investing.
2. Provide a previous example/situation in which you exemplified the skills of time management, perseverance and/or another trait you believe necessary for this fund.
3.Currently, the global economy is being affected by the novel coronavirus pandemic.
I am passionate about developing an understanding of the financial markets and how they affect everyday life. Additionally, I am excited to have the chance to apply my analytical and problem-solving skills to challenging situations.
In a previous project I was assigned to, I had to develop a plan for a new product launch. I needed to coordinate with different stakeholders and track progress on a daily basis. To do this, I developed a timeline and checklist, managed time efficiently and communicated updates with stakeholders on a regular basis. Through this process, I demonstrated strong time management and perseverance.
This has resulted in increased volatility and uncertainty in the markets, with many investors choosing to reduce risk by pulling back on investments. In the coming months, the markets will be affected by a variety of economic and political events, including the outcome of the 2020 U.S. election, the progress of stimulus measures, the progress of vaccine development, and more. These events could cause significant changes in market sentiment and prices. It is expected that domestic and global securities markets will remain volatile in the coming months, and investors should be mindful of potential risks.
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Compare and contrast risks and assumptions. What is the core
difference? Why is it important to identify both?
The key difference between risks and assumptions is that risks refer to events or circumstances that may or may not happen, while assumptions are accepted facts used to make estimations and decisions.
It is important to identify both because risks can present potential threats to a project’s success, while assumptions help shape the project’s approach and strategy.
Risks can include external elements such as changes in the market, economy, or technology, as well as internal elements such as employee absence, limited resources, or even natural disasters.
Assumptions, on the other hand, are often linked to knowledge gaps and unproven ideas. For example, a team might assume a new technology is suitable for a project and will perform as expected.
Identifying both risks and assumptions is important because it helps teams plan, design, and build more effective and accurate projects. Knowing both enables teams to make informed decisions, develop more effective strategies, and achieve their goals more efficiently.
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Balance Sheet Accounts Balance Sheet Class (a) Debt Investments. (b) Treasury Stock. Current Asset Current Liability Property, Plant, and Equipment Retained Earnings Stockholders' Equity Stockholders' Equity (Retained Earnings) (c) Common Stock (d) Dividends Payable. (e) Accumulated Depreciation Equipment. (f) (1) Construction in Process (Constructed for another party). (f) (2) Construction in Process (Constructed for the use of Deep Blue Something, Inc.). Petty Cash (h) Interest Payable. (i) Deficit. (1) Equity Investments (ownership stake of less than 20%). (Expected to be sold within one year.) (k) Income Taxes Payable. (1) Unearned Subscriptions Revenue. (m) Work in Process. (n) Salaries and Wages Payable.
Current Assets are assets that are expected to be converted into cash within one year, Current Liabilities are liabilities that are due within one year, and Stockholders' Equity represents the residual interest in the assets of the company after liabilities are deducted.
The balance sheet accounts and their corresponding balance sheet classes are as follows:
(a) Debt Investments - Stockholders' Equity
(b) Treasury Stock - Stockholders' Equity
(c) Common Stock - Stockholders' Equity
(d) Dividends Payable - Current Liability
(e) Accumulated Depreciation Equipment - Property, Plant, and Equipment
(f) (1) Construction in Process (Constructed for another party) - Property, Plant, and Equipment
(f) (2) Construction in Process (Constructed for the use of Deep Blue Something, Inc.) - Property, Plant, and Equipment
(g) Petty Cash - Current Asset
(h) Interest Payable - Current Liability
(i) Deficit - Stockholders' Equity (Retained Earnings)
(j) Equity Investments (ownership stake of less than 20%) (Expected to be sold within one year.) - Current Asset
(k) Income Taxes Payable - Current Liability
(l) Unearned Subscriptions Revenue - Current Liability
(m) Work in Process - Current Asset
(n) Salaries and Wages Payable - Current Liability
It is important to note that the balance sheet accounts are categorized into three main classes: Current Assets, Current Liabilities, and Stockholders' Equity.
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Explain why money has a time value. Explain how the time value of money (TVM) might possibly impact your life now or in the future. Give an example, from your own experiences if possible, to support your explanation. Your journal entry must be at least 200 words in length.
The time value of money (TVM) is the concept that money available today is worth more than the same amount in the future due to its potential earning capacity.
This core principle of finance holds that, provided money can earn interest, any amount of money is worth more the sooner it is received. TVM is also sometimes referred to as present discounted value.
The time value of money impacts our lives in many ways. One way is through investments. If you invest a certain amount of money today, it will be worth more in the future due to the potential earning capacity of that money. This is why it is important to start investing early, so that your money has more time to grow and earn interest.
Another way that TVM impacts our lives is through loans. When you take out a loan, you have to pay interest on that loan. The longer you take to pay back the loan, the more interest you will have to pay. This is why it is important to pay off loans as quickly as possible, so that you are not paying more in interest than you have to.
An example from my own life is when I started saving for retirement. I started saving when I was 25, and I plan to retire at age 65. By starting to save early, my money has more time to grow and earn interest, which means that I will have more money when I retire. If I had waited until I was 45 to start saving, I would have less money when I retire because my money would have less time to grow.
In conclusion, the time value of money is an important concept in finance because it affects our investments, loans, and savings. It is important to understand the time value of money so that you can make informed financial decisions and plan for your future.
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On December 31st 2021 the retained earnings of Bigco, Inc shows a balance of $87,000
The company expects a net income of $130.000 for year 2022
The company has 10% preferred issued and outstanding for a total amount of $1,000,000
The company has an average of 100,000 common stocks outstanding throughout the year 2021. The number of common stocks is not supposed to change during year 2022.
Calculate the maximum amount of common stock dividends that could be paid to the stockholders on January 2022 and January 2023 considering that
1. The preferred stock are cumulative (10 points)
2. The preferred stocks are non cumulative (10 points)
1. The preferred stock are cumulative:
For the preferred stock dividends, we need to calculate 10% of $1,000,000 which is $100,000. This amount will be paid to the preferred stockholders before the common stockholders can receive any dividends.
Since the preferred stock are cumulative, the unpaid dividends will accumulate and will be paid before any common stock dividends are paid.
On January 2022, the available retained earnings for common stock dividends will be $87,000 - $100,000 = -$13,000. This means that there will be no common stock dividends paid on January 2022.
On January 2023, the available retained earnings for common stock dividends will be $87,000 + $130,000 - $100,000 - $100,000 = $17,000. This means that the maximum amount of common stock dividends that could be paid on January 2023 is $17,000.
2. The preferred stocks are non cumulative:
For the preferred stock dividends, we need to calculate 10% of $1,000,000 which is $100,000. This amount will be paid to the preferred stockholders before the common stockholders can receive any dividends.
Since the preferred stock are non cumulative, the unpaid dividends will not accumulate and will not be paid in the future.
On January 2022, the available retained earnings for common stock dividends will be $87,000 - $100,000 = -$13,000. This means that there will be no common stock dividends paid on January 2022.
On January 2023, the available retained earnings for common stock dividends will be $87,000 + $130,000 - $100,000 = $117,000. This means that the maximum amount of common stock dividends that could be paid on January 2023 is $117,000.
In conclusion, the maximum amount of common stock dividends that could be paid to the stockholders on January 2022 and January 2023 depends on whether the preferred stock are cumulative or non cumulative.
If the preferred stock are cumulative, the maximum amount of common stock dividends that could be paid on January 2023 is $17,000. If the preferred stock are non cumulative, the maximum amount of common stock dividends that could be paid on January 2023 is $117,000.
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Calton plc's budget shows BWP 2 million cost to construct a mall in London on the 30 April 2020. The mall is to be constructed in twelve months. A bank loan amounting to BWP 2 million with 18% interest was negotiated from Stanbic Bank strictly for constructing a mall, interest on surplus funds is 15% per annum. The loan capital is repayable in five (5) years. On the 30 April 2021, it was estimated that the company incurred a total cost of BWP1,2 million to construct the building. Let us assume the cost was incurred evenly throughout the year.
REQUIRED Calculate the interest income and loan interest to be capitalised
The interest income to be capitalised is BWP 120,000 and the loan interest to be capitalised is BWP 120,000.
To calculate the interest income and loan interest to be capitalised for Calton plc, we need to use the following formula:
Interest income = Surplus funds × Interest rate × Time periodFinally, we need to calculate the amount of interest to be capitalised. This is the lesser of the interest income and the loan interest, which is BWP 120,000. So, the interest to be capitalised is:
Interest to be capitalised = BWP 120,000
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You have several applicants for a Level 3 supervisor’s job. The job description follows:Supervise 15 technicians (ages 24–58)Schedule work for the sectionAttend planning meetings with top-level managers/staffTroubleshoot technical problems that may occur in the sectionYou must select from the applicants described below.Female, 30 years old, with a four-year business degree. Work experience as a retail store department head while attending college. Since she paid for all college expenses herself and was working full time, she required eight years to complete degree. No experience in the technical field but described by her professors as "a fast learner; highly motivated."Male, 35 years old, with a two-year technical degree in the area to be supervised. No managerial experience. Has been working as a technician with another organization since graduating. Wants to join this company because he feels he has a greater opportunity for advancement. Current employer HR manager describes him as "an average worker; no attendance problems; perhaps frustrated by lack of opportunities with our company."Minority male, 55 years old, who just retired from the military as an officer. Considerable experience in managing people but no technical background for the job; excellent references. He states, "I know I don’t have the technical expertise right now but I've had many jobs in the military where I did not have the expertise, and I learned what I had to very quickly."Male, 30 years old, who has been a technician in this section for one year. No degree; was trained "on the job." First year performance evaluation was "good" on quality and quantity of work. The outgoing supervisor stated, "He will need to work hard to be a good delegator. He tends to do everything himself. It is always difficult to become the boss of people who have been your peers." The candidate thinks the section will accept him as their supervisor and that he will work very hard to create a team atmosphere. (No one else in the section applied for the position.)Which applicant do you recommend for the job? Remember to hire a Level 3 supervisor in the Staffing decision input screen or if option 4 is selected, remember to promote an employee to Level 3. This is in addition to the people that you will be hiring and promoting this decision period.Once a decision is made, how will you implement and monitor your decision?
Once the decision is made, I would implement it by communicating the decision to the selected candidate and providing her with a clear job description and expectations.To monitor the decision, I would schedule regular check-ins with the new supervisor to discuss her progress and address any challenges she may be facing.
Based on the job description and the qualifications of the applicants, I recommend selecting the female applicant for the Level 3 supervisor's job. Although she does not have technical experience, she has a four-year business degree and work experience as a retail store department head.
She also has a strong work ethic, as evidenced by her ability to pay for all of her college expenses while working full time. Her professors also describe her as "a fast learner; highly motivated," which indicates that she would be able to quickly learn the technical aspects of the job.
I would also communicate the decision to the other applicants and provide them with feedback on their qualifications and the reasons for the decision.
I would also gather feedback from the technicians she is supervising to assess their satisfaction with her performance. By regularly monitoring the decision, I can make any necessary adjustments to ensure the success of the new supervisor and the section as a whole.
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(10 Marks) Gerry likes driving small cars and buys nearly identical ones whenever the old one needs replacing. Typically, he trades in his old car for a new one costing about $15 000. A new car warranty covers all repair costs above standard maintenance (standard maintenance costs are constant over the life of the car) for the first two years. After that, his records show an average repair expense Cover standard maintenance) of $2500 in the third year (at the end of the year), increasing by 50 percent per year thereafter. If a 30 percent declining balance depreciation rate is used to estimate salvage values and interest is 8 percent, how often should Gerry get a new car?
To determine how often Gerry should get a new car, we need to calculate the total cost of ownership for different lengths of time and compare them to find the lowest cost option.
The total cost of ownership includes the purchase price of the car, the salvage value, and the repair costs.
First, let's calculate the salvage value of the car for different lengths of time using the 30% declining balance depreciation rate:
Year 1: $15,000 - ($15,000 * 0.30) = $10,500
Year 2: $10,500 - ($10,500 * 0.30) = $7,350
Year 3: $7,350 - ($7,350 * 0.30) = $5,145
Year 4: $5,145 - ($5,145 * 0.30) = $3,601.50
Next, let's calculate the repair costs for different lengths of time:
Year 1: $0 (covered by warranty)
Year 2: $0 (covered by warranty)
Year 3: $2,500
Year 4: $2,500 + ($2,500 * 0.50) = $3,750
Now, let's calculate the total cost of ownership for different lengths of time:
Year 1: $15,000 - $10,500 + $0 = $4,500
Year 2: $15,000 - $7,350 + $0 = $7,650
Year 3: $15,000 - $5,145 + $2,500 = $12,355
Year 4: $15,000 - $3,601.50 + $3,750 = $15,148.50
Finally, let's compare the total cost of ownership for different lengths of time to find the lowest cost option:
Year 1: $4,500
Year 2: $7,650
Year 3: $12,355
Year 4: $15,148.50
The lowest cost option is to get a new car every year, with a total cost of ownership of $4,500. Therefore, Gerry should get a new car every year to minimize his total cost of ownership.
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(1) A firm's weighted average cost of capital (WACC) is sometimes referred to as the hurdle rate. What is the purpose of calculating the firm's WACC? Why is the WACC referred to as the hurdle rate?(2) Based on your opinion, which component cost (cost of debt, cost of preferred stock, cost of retained earnings, or cost of new common stock) is easier to calculate? Which component cost is more difficult to calculate? Why?
(1) The purpose of calculating a firm's weighted average cost of capital (WACC) is to determine the required rate of return that the firm's investors expect for providing capital to the firm.
(2) In my opinion, the cost of debt is the easiest component cost to calculate because it is simply the interest rate that the firm pays on its debt.
The WACC is referred to as the hurdle rate because it represents the minimum rate of return that a project or investment must earn in order to be accepted by the firm. If a project's expected rate of return is lower than the WACC, then the firm should not undertake the project because it will not earn enough to compensate its investors for the risk they are taking.
The cost of new common stock is the most difficult to calculate because it requires estimating the expected rate of return that investors will require for providing new equity capital to the firm. This requires taking into account factors such as the firm's risk, the current state of the stock market, and the expected future performance of the firm.
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36. Influence of Tax Laws on MNC’s Choice of Home
Base Explain how U.S. corporate income tax laws have encouraged
some U.S.-based MNCs to consider moving their parent to another
country.
The U.S. corporate income tax laws have encouraged some U.S.-based MNCs to consider moving their parent to another country in order to take advantage of lower tax rates. This process is known as "tax inversion" and it involves a U.S.-based MNC merging with a foreign company and moving its parent to the foreign company's home country.
One of the main reasons why U.S.-based MNCs consider moving their parent to another country is because the U.S. has one of the highest corporate income tax rates in the world. By moving their parent to a country with lower tax rates, MNCs can reduce their overall tax burden and increase their profits.
Additionally, the U.S. tax laws allow MNCs to defer paying taxes on their foreign earnings until they are repatriated to the U.S. This encourages MNCs to keep their profits overseas and to reinvest them in foreign operations rather than bringing them back to the U.S.
While tax inversion can be beneficial for MNCs, it can also have negative consequences for the U.S. economy. For example, when MNCs move their parent to another country, they may also move their headquarters and other operations, which can result in job losses in the U.S.
Additionally, tax inversion can reduce the amount of tax revenue that the U.S. government collects, which can have an impact on government programs and services.
In conclusion, U.S. corporate income tax laws have encouraged some U.S.-based MNCs to consider moving their parent to another country in order to take advantage of lower tax rates and to defer paying taxes on their foreign earnings. While this can be beneficial for MNCs, it can also have negative consequences for the U.S. economy.
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SUPPLIES EXPENSE Balance Balance Debit Credit Date Debit Credit Van 31 900 900 Wan 31 因 INTEREST EXPENSE Debit Credit Balance Balance Debit Credit 1,100 그 Date 2 Jan. 31 13 Jan 31 14 15 INSURANCE EXPENSE 四 900 Debit Credit Balance Balance Debit Credit 300 300 46 Date 47 Jan 31 48 Van 31 49 50 INCOME TAX EXPENSE pa Date Credit 51 52 Jan Debit 20,000 Balance Balance Debit Credit 20,000 20,000 31 pa 31 53 Van 54 enter the closing entry for dividends first the balance will be a debit) Jenter the closing entry for the income summary - the balance will be a credit Check: Does RE equal what you prepared in the financial statements enter the closing entry for sales revenue enter the closing entry for service revenue enter the closing entry for cost of goods sold enter the closing entry for salaries and wage expense enter the closing entry for depreciation expense enter the closing entry for supplies expense enter the closing entry for interest expense enter the closing entry for insurance expense enter the closing entry for income tax expense and then check-does you balance the net income calculated on the financial statements? the income summary la temporary account and should close to nero
The closing entries are used to close out temporary accounts at the end of an accounting period and transfer their balances to the permanent accounts. The temporary accounts include revenues, expenses, and dividends. The permanent accounts include assets, liabilities, and equity. The closing entries are made in the general journal and then posted to the general ledger.
Here are the closing entries for the temporary accounts listed in the question:
1. Closing entry for dividends:
Debit Retained Earnings 900
Credit Dividends 900
2. Closing entry for income summary:
Debit Income Summary 22,200
Credit Retained Earnings 22,200
3. Closing entry for sales revenue:
Debit Sales Revenue 20,000
Credit Income Summary 20,000
4. Closing entry for service revenue:
Debit Service Revenue 2,000
Credit Income Summary 2,000
5. Closing entry for cost of goods sold:
Debit Income Summary 1,100
Credit Cost of Goods Sold 1,100
6. Closing entry for salaries and wage expense:
Debit Income Summary 300
Credit Salaries and Wage Expense 300
7. Closing entry for depreciation expense:
Debit Income Summary 900
Credit Depreciation Expense 900
8. Closing entry for supplies expense:
Debit Income Summary 900
Credit Supplies Expense 900
9. Closing entry for interest expense:
Debit Income Summary 1,100
Credit Interest Expense 1,100
10. Closing entry for insurance expense:
Debit Income Summary 300
Credit Insurance Expense 300
11. Closing entry for income tax expense:
Debit Income Summary 20,000
Credit Income Tax Expense 20,000
After these closing entries are made, the income summary account should have a zero balance, and the retained earnings account should reflect the net income calculated on the financial statements.
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Mr. Adam requires $26,000 at the beginning of each year from2015 to 2019. How much should he deposit at the end of each yearfrom 2005 to 2010, if the interest rate is 12% per year.
Mr. Adam should deposit $3,079.22 at the end of each year from 2005 to 2010 in order to have $26,000 at the beginning of each year from 2015 to 2019.
In order to determine the amount of deposit at the end of each year from 2005 to 2010 at an interest rate is 12% per year follow the following steps.
1. First, we need to calculate the present value of the $26,000 that Mr. Adam requires at the beginning of each year from 2015 to 2019. We can use the formula for the present value of an annuity:
PV = PMT × [(1 - (1 + i)^-n)/i]
where PV is the present value, PMT is the payment, i is the interest rate, and n is the number of periods.
2. Plugging in the values from the question, we get:
PV = $26,000 × [(1 - (1 + 0.12)^-5)/0.12] = $95,396.38
3. Now, we need to calculate how much Mr. Adam should deposit at the end of each year from 2005 to 2010 in order to have this present value in 2015. We can use the same formula, but rearrange it to solve for PMT:
PMT = PV × [i/(1 - (1 + i)^-n)]
4. Plugging in the values from the question, we get:
PMT = $95,396.38 × [0.12/(1 - (1 + 0.12)^-6)] = $3,079.22
Therefore, Mr. Adam should deposit $3,079.22 at the end of each year from 2005 to 2010 in order to have $26,000 at the beginning of each year from 2015 to 2019.
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Product strategy, as part of the marketing mix, should be driven by consumer needs. Consumers make purchase decisions based on perceived benefits. Sometimes translating desired benefits to product design, features, and overall product strategy can be challenging for marketers. Define the word "product" as it relates to business, specifically marketing. Discuss specific real-world examples of products that have been successful and products that have been unsuccessful.PLEASE HAVE COMPLETE SENTENCES AND NO REPEATED ANSWERS.
In the context of business and marketing, a "product" is a good or service that is offered for sale to customers. It can be a physical object, like a piece of clothing or a car, or an intangible service, like a software subscription or a consulting session. Products are the tangible or intangible offerings that a business provides to customers in exchange for payment.
One example of a successful product is the Apple iPhone. Since its launch in 2007, the iPhone has become one of the most popular and profitable products in the world, with over 2 billion units sold as of 2020. One of the reasons for the iPhone's success is its combination of innovative design, user-friendly features, and strong brand recognition.
On the other hand, one example of an unsuccessful product is the Segway Personal Transporter. While the Segway was initially hailed as a revolutionary new mode of transportation, it failed to gain widespread adoption due to its high price point, safety concerns, and limited practicality. As a result, the company eventually stopped production of the Segway in 2020.
In conclusion, a product is a good or service that is offered for sale to customers. Successful products, like the iPhone, are able to effectively meet consumer needs and offer perceived benefits, while unsuccessful products, like the Segway, may fail to do so.
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Read Corporate Responsibilities document.
Then in about 750 words qualify the breadth of responsibility of the modern corporation, as well as the constraints and tradeoffs involved in the exercise of that responsibility.
Be sure to include: (1) Business excellence; (2) world class excellence; (3) strategy; (4) benchmarking; and (5) Customer centricity.
Reading informational text can be a challenge for students, so two of the approaches/tools from Chapter 8 in "Classrooms That Work" that I will use with my students are the Question-Answer Relationship (QAR) strategy and Question-Generation Strategies (QGS).
I selected these tools because they focus on teaching students to actively engage with the text, rather than passively reading it. The QAR strategy helps students to understand what they are reading by prompting them to identify questions in the text and then find the answers within it.
This encourages them to pay attention to detail and to better comprehend the text. The QGS strategy teaches students to develop their own questions about a text, which is helpful for understanding and summarizing the information.
I think these tools will help my students engage more in reading informational text by teaching them to be active and critical readers.
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Question 7 1 Point Investors and financial analysts wanting to evaluate the operating efficiency of a firm's, managers would probably look primarily at the firm's:
A. debt utilization ratios.
B. asset utilization ratios.
C. profitability ratios.
D. liquidity ratios.
Investors and financial analysts wanting to evaluate the operating efficiency of a firm's managers would probably look primarily at the firm's asset utilization ratios.
Asset utilization ratios measure how efficiently a company is using its assets to generate revenue. These ratios include inventory turnover, accounts receivable turnover, and fixed asset turnover. By analyzing these ratios, investors and financial analysts can determine how well the company's managers are managing the company's assets to generate profits.
In contrast, debt utilization ratios measure how much debt a company is using relative to its assets or equity. Liquidity ratios measure a company's ability to pay off its short-term debts. Profitability ratios measure a company's ability to generate profits relative to its revenue, assets, or equity. While these ratios are important for evaluating a company's overall financial health, they are not the primary focus when evaluating the operating efficiency of a company's managers.
Therefore, the correct answer is B. asset utilization ratios.
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1) New Company reported Operating cash flow to Current Liabilities ratios of 2.82 in 2018 and 3.04 in 2017. Which of the following statements are incorrect?
Group of answer choices
a. New Company had $2.82 in current liabilities for every $ of cash flow from operations in 2018.
b. New Company's ability to meet its current liabilities deteriorated in 2018.
c. New Company is less liquid in 2018.
2) During 2020, J Company reported an Operating Funds Ratio of 1.6, and P Company reported an Operating Funds Ratio of 1.097. What does this ratio communicate? Indicate all answers that are correct.
Group of answer choices
a. P Company is generating more operating cash flows.
b. J Compnay is doing a better job of converting its earnings into cash flows.
c. P Company is doing a better job of converting its earnings into cash flows.
d. J Company is generating more operating cash flow.
3) In its most recent 10-K, Ambassador Inc. reported the following (in millions):
Total liabilities
$8,172.0
Total stockholders' equity
$4,815.6
The percentage of Ambassador's total assets financed by owner sources is closest to:
Group of answer choices
a. 62.9%.
b. 41.1%.
c. 37.1%.
1) New company reported operating cash flow to current liabilities ratios of 2.82 in 2018 and 3.04 in 2017, hence incorrect statement is new company had $2.82 in current liabilities for every $ of cash flow from operations in 2018 (Option a). 2) An operating funds ratio of 1.097 communicates that J company is doing a better job of converting its earnings into cash flows (Option b). 3) The percentage of Ambassador's total assets financed by owner sources is closest to 41.1% (Option b).
1) The incorrect statement is a. New Company had $2.82 in current liabilities for every $ of cash flow from operations in 2018. This statement is incorrect because the operating cash flow to current liabilities ratio actually means that new company had $2.82 in operating cash flow for every $1 of current liabilities in 2018.
2) The correct answer is b. J Company is doing a better job of converting its earnings into cash flows and d. J Company is generating more operating cash flow. The operating funds ratio measures a company's ability to generate cash flow from operations relative to its liabilities. A higher ratio indicates that the company is generating more operating cash flow and is better able to meet its liabilities.
Therefore, J Company, with a higher operating funds ratio, is doing a better job of converting its earnings into cash flows and is generating more operating cash flow than P Company.
3) The correct answer is b. 41.1%. The percentage of Ambassador's total assets financed by owner sources can be calculated by dividing total stockholders' equity by total assets (total liabilities + total stockholders' equity). This gives us:
Total stockholders' equity / Total assets = $4,815.6 / ($8,172.0 + $4,815.6) = 0.411 or 41.1%
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Carl is interested in becoming a market researcher. In which department will he most likely need to start?
1. Sales
2. Design
3. Advertising
4. Distribution
If Carl is interested in becoming a market researcher, he is most likely to need to start in the Design or Advertising department.
Market research is focused on understanding consumer behavior and preferences, which can help inform the design and advertising of products and services.
In the Design department, Carl could work on creating products that meet the needs and wants of consumers by conducting market research to understand what features and designs are most desirable.
In the Advertising department, Carl could work on developing ad campaigns that are tailored to the needs and wants of different segments of the market, using market research to identify the best messaging and creative strategies.
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me and my group members have to put on a act about (what happens if u don't pay enough attention to the task your doing in the workshop) so it's basically about what what would happen if you don't pay attention any suggestions on what we can say or do
In the act, you can start by showing that many students are attending the workshop and everyone is paying attention to it. When the task was assigned everyone was able to complete it but one student was not able to because he or she was not paying attention.
What is attention?Attention in psychology is the concentration of awareness on some phenomenon to the exclusion of other stimuli. A process of selectively concentrating on a discrete aspect of information, whether considered subjective or objective. William James wrote that "Attention is the taking possession by the mind, in clear and vivid form, of one out of what seem several simultaneously possible objects or trains of thought. Focalization, concentration, of consciousness are of its essence.
Attention has also been described as the allocation of limited cognitive processing resources.
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I plan on retiring in 40 years. I plan on living 30 years after that. Suppose after retirement I want to have 30 annual payments of $30,000 each and the interest rate is 8%.
How much do I need to have saved when I retire?
Please draw the timeline
You will need to have $337,740 saved when you retire.
To determine how much you need to have saved when you retire, you will need to calculate the present value of the 30 annual payments of $30,000 each, given an interest rate of 8%. Here is a step-by-step explanation:
1. Repeat the question in your answer: You plan on retiring in 40 years and want to have 30 annual payments of $30,000 each after retirement, with an interest rate of 8%.
2. Write down the formula for the present value of an annuity: PV = PMT * [(1 - (1 + r)^(-n)) / r], where PV is the present value, PMT is the annual payment, r is the interest rate, and n is the number of payments.
3. Plug in the values: PV = $30,000 * [(1 - (1 + 0.08)^(-30)) / 0.08].
4. Calculate the present value: PV = $30,000 * [(1 - (1.08)^(-30)) / 0.08] = $30,000 * [11.258] = $337,740.
5. State the conclusion: You will need to have $337,740 saved when you retire to have 30 annual payments of $30,000 each with an interest rate of 8%.
Timeline:
- Year 0: Start saving for retirement
- Year 40: Retire and have $337,740 saved
- Year 41-70: Receive 30 annual payments of $30,000 each
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PURPOSE
The purpose of this assignment is to develop learners’ ability to analyse the business risk in an organisation.
REQUIREMENT
Discuss the components of audit risk and possible business risk in the inventory cycle. Suggest the audit procedures in handling the fraud related business risk in an organisation.
1. Clear introduction of the retail sectors covering all of the following:
Name and address
Web address
Distribution channel
Products
2.Very clear discussion on the components of audit risk
3.Able to discuss four possible fraud related to inventory cycle.
4.Able to suggest four fraud related audit procedures involving inventory.
5.Able to summarise all the key points of the assignment in a coherent manner.
This assignment has discussed the components of audit risk and possible business risk in the inventory cycle, as well as suggested audit procedures in handling the fraud related business risk in an organization
The purpose of this assignment is to analyze the business risk in an organization and discuss the components of audit risk and possible business risk in the inventory cycle. Additionally, the assignment requires a suggestion of audit procedures in handling fraud-related business risk in an organization.
1. Introduction of the retail sectors:
Name and address: XYZ Retail Company, 123 Main Street, Anytown, USA
Web address: www.xyzretail.com
Distribution channel: XYZ Retail Company distributes its products through brick-and-mortar stores, online sales, and wholesale distribution to other retailers.
Products: XYZ Retail Company sells a variety of products including clothing, home goods, and electronics.
2. Components of audit risk:
Audit risk is comprised of three main components: inherent risk, control risk, and detection risk. Inherent risk is the risk that exists in the absence of controls, and is related to the nature of the business or transaction. Control risk is the risk that the controls in place will not prevent or detect a misstatement. Detection risk is the risk that the auditor will not detect a material misstatement.
3. Possible fraud related to inventory cycle:
There are several possible types of fraud related to the inventory cycle, including:
- Fictitious inventory: creating false inventory records to inflate the value of the company's assets.
- Theft of inventory: stealing inventory from the company.
- Misstatement of inventory valuation: inflating the value of inventory to increase the company's assets.
- Misstatement of inventory quantities: inflating the quantity of inventory to increase the company's assets.
4. Fraud related audit procedures involving inventory:
There are several audit procedures that can be used to detect fraud related to inventory, including:
- Physical inventory counts: conducting a physical count of inventory to verify the accuracy of the company's records.
- Review of inventory valuation methods: reviewing the company's methods for valuing inventory to ensure they are appropriate and consistent.
- Analytical procedures: comparing inventory levels and turnover rates to industry benchmarks to identify potential red flags.
- Review of internal controls: Review the company's internal controls related to inventory to ensure they are effective in preventing and detecting fraud.
5. Summary:
In conclusion, this assignment has discussed the components of audit risk and possible business risk in the inventory cycle, as well as suggested audit procedures in handling the fraud related business risk in an organization. It is important for auditors to be aware of the potential for fraud in the inventory cycle and to implement appropriate procedures to detect and prevent it.
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Discuss how management accounting is different fromfinancial accounting. (10 mark)
Financial accounting is focused on recording and reporting historical financial information, whereas management accounting is focused on providing decision-making information for the future.
Management accounting and financial accounting are two distinct branches of accounting that serve different purposes. The key differences between the two are as follows:
1. Purpose: Management accounting is used by managers to make decisions about the operations of the business, while financial accounting is used to report the financial performance of the company to external parties such as investors and creditors.
2. Scope: Management accounting focuses on internal performance measures, such as cost analysis and budgeting, while financial accounting focuses on external performance measures, such as revenues and profits.
3. Time Frame: Management accounting is forward-looking, using projections and forecasts to make decisions about the future, while financial accounting is backward-looking, reporting on past financial performance.
4. Regulations: Financial accounting is subject to strict regulations and accounting standards, such as GAAP and IFRS, while management accounting is not.
5. Reporting Frequency: Financial accounting reports are typically issued quarterly and annually, while management accounting reports are issued more frequently, often monthly or even weekly.
In conclusion, management accounting and financial accounting are both important aspects of accounting, but they serve different purposes and have different focuses, time frames, regulations, and reporting frequencies.
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Definition of Federal fundssold , Repurchased Agreement , Funds fund purchased and surplus?
Federal funds sold: These are the funds that are lent by one bank to another for a period of one day or less. The borrowing bank provides collateral in the form of government securities or other assets to the lending bank.
Repurchased Agreement: A repurchase agreement, also known as a "repo," is a contract in which one party sells a security to another party and agrees to repurchase it at a later date for a higher price. It is essentially a short-term loan with the security serving as collateral.
Funds fund purchased: This term is not commonly used in finance and may be a typo or miscommunication. It could potentially refer to the purchase of mutual funds or other investment vehicles.
Surplus: In finance, a surplus refers to an excess of assets or income over liabilities or expenses. It can also refer to the amount by which a government's revenues exceed its expenditures.
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The Japanese yen is currently trading at a forward discount relative to the US dollar in the one-month forward market. An investor believes that the best forecast for the spot exchange rate one month from now is today’s spot exchange rate. Should this investor buy or sell yens in the one-month forward market now?
If the Japanese yen is currently trading at a forward discount relative to the US dollar in the one-month forward market, and the investor believes that the best forecast for the spot exchange rate one month from now is today's spot exchange rate, then the investor should sell yens in the one-month forward market now.
This is because a forward discount means that the forward exchange rate is lower than the spot exchange rate. If the investor believes that the spot exchange rate one month from now will be the same as today's spot exchange rate, then they will be able to sell the yen at a higher price in the spot market one month from now than they would be able to in the forward market now.
Therefore, by selling the yen in the one-month forward market now, the investor will be locking in a lower exchange rate and potentially missing out on the opportunity to sell at a higher exchange rate in the spot market one month from now.
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Explain (in detail) and provide at least two (2) detailed examples illustrating the nature of and how problem-solving skill competencies can be of value to the organization
The nature of problem-solving skill competencies is to identify and analyze problems, develop and implement solutions, and evaluate the effectiveness of those solutions.
Problem-solving skills are essential for organizations to improve their efficiency, productivity, and achieve their goals.
One way that problem-solving skills are valuable is through identifying and analyzing problems.
Understanding the root cause of a problem allows an organization to develop effective solutions, which can ultimately increase profitability.
Another way problem-solving skills benefit an organization is through developing and implementing solutions.
Effective solutions prevent problems from recurring, reduce costs, and improve customer satisfaction.
This leads to increased profitability and success.
In conclusion, problem-solving skills are valuable for organizations to achieve their goals by improving their overall performance.
Identifying and analyzing problems and developing and implementing solutions are examples of how problem-solving skills can benefit an organization.
By continually evaluating and improving solutions, organizations can achieve greater success.
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An international graduate student will receive a $28,000 foundation scholarship and reduced tuition. She must pay $1,500 in tuition for each of the autumn, winter, and spring quarter, and $500 in summer. Payments are due on the first day of September, December, March, and May, respectively. Living expenses are estimated to be $1,500 per month, payable on the first day of the month. The foundation will pay her $18,000 on August 1 and the remainder on May 1. To earn as much interest as possible, the student wishes to invest the money Three types of investments are available at her bank: a 3-month CD, earning 0.75% (net 3-month rate); a 6-month CD, earning 1.9%, and a 12-month CD, earning 4.2%. Develop a linear optimization model to determine how she can best invest the money and meet her financial obligation. Use Excel and Solver.
By inputting these variables and constraints into Excel and using Solver, the student can determine the optimal number of 3, 6, and 12 month CDs to invest in in order to maximize the interest earned and meet financial obligations.
To develop a linear optimization model to determine how to best invest the money and meet financial obligations, the following variables need to be defined:
X1 = Number of 3-month CDs
X2 = Number of 6-month CDs
X3 = Number of 12-month CDs
The objective of the linear optimization model is to maximize the interest earned, which is equal to X1*0.75% + X2*1.9% + X3*4.2%. The constraints of the linear optimization model must account for the financial obligations that must be met. The student must pay $1,500 in tuition for each of the autumn, winter, and spring quarter, and $500 in summer. Additionally, living expenses are estimated to be $1,500 per month, payable on the first day of the month. The foundation will pay her $18,000 on August 1 and the remainder on May 1.
X1 + X2 + X3 = 18,000
X1 + 6X2 + 12X3 = 28,000
X1 + X2 + X3 + 2X2 + 6X3 >= 18,000 + 2*1,500 + 6*1,500
X1 + X2 + X3 + 2X2 + 6X3 <= 28,000 + 2*1,500 + 6*1,500
X1, X2, and X3 >= 0
By inputting these variables and constraints into Excel and using Solver, the student can determine the optimal number of 3, 6, and 12 month CDs to invest in in order to maximize the interest earned and meet financial obligations.
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At a flour trading enterprise applying inventory accounting using the perpetual inventory method, determining the value of inventory using the FIFO method, the material situation is as follows:
Inventory at the beginning of April:
+ Account 152-G64 (rice details 64): quantity 300kg, unit price of warehousing 8,000 VND/kg
+ Account 152-GD (details of sticky rice): quantity 200kg, warehouse unit price 11,000 VND/kg
1. Buy 1 ton of rice 64 with the unit price of 7,600 VND/kg (item not subject to VAT), have not yet paid to Cooperative X, and stocked enough to serve production. The cost of transporting rice to the warehouse is VND 1,320,000 (including 10% VAT rate) to be paid in cash.
2. Buy 3 tons of Tai Nguyen rice and 2 tons of Deo rice, the purchase price is 8,500 VND/kg Tai Nguyen rice and 11,200 VND/kg Plastic rice respectively, paid by bank deposit. (Items are not subject to VAT). The cost of transporting, loading and unloading rice to stock enough to serve production is 2,310,000 VND (including 10% VAT rate) paid in advance.
3. Purchased and brought into stock the packaging of powder products 100,000 pieces, the tax-exclusive value was VND 35,000,000, the VAT rate of 10% had not yet been paid to the printing house in Q.
4. Purchase without payment from supplier M 100kg oatmeal, purchase price before tax is 30,000 VND/kg, 10% VAT rate on import is enough for sale.
5. Received a discount invoice from Q printer, because the number of packages delivered by this printer to the company is faulty. Discounted price before tax is 5,000,000 VND, 10% VAT rate and deducted from debt with suppliers.
6. The company returned 20kg of oats that did not meet the quality and design as committed, and the company issued an invoice and offset the debt with the seller.
7. Received a discount invoice from cooperative X, because the quantity of rice 64 is not of the right quality as agreed between the two parties. The discounted price before tax is VND 2,000,000 and deducted from the debt owed to the supplier.
Requirements: Keep a diary (account) of the above transactions.
At the flour trading enterprise, the perpetual inventory method is used to determine the value of inventory using the FIFO method.
The following transactions took place during the month of April:
1. Purchase of 1 ton of rice 64 at a unit price of 7,600 VND/kg, with a transportation cost of 1,320,000 VND.
2. Purchase of 3 tons of Tai Nguyen rice and 2 tons of Deo rice at unit prices of 8,500 VND/kg and 11,200 VND/kg respectively, with a transportation cost of 2,310,000 VND.
3. Purchase of 100,000 pieces of packaging for powder products at a tax-exclusive value of 35,000,000 VND.
4. Purchase of 100kg of oatmeal at a unit price of 30,000 VND/kg, with a 10% VAT rate.
5. Receipt of a discount invoice from Q printer for faulty packages, with a discounted price of 5,000,000 VND.
6. Return of 20kg of oats due to quality and design issues.
7. Receipt of a discount invoice from cooperative X for rice 64 that did not meet quality standards, with a discounted price of 2,000,000 VND.
The journal entries for these transactions would be as follows:
1. Debit Inventory (rice 64) 7,600,000 VND, debit Transportation Expense 1,320,000 VND, credit Accounts Payable (cooperative X) 8,920,000 VND.
2. Debit Inventory (Tai Nguyen rice) 25,500,000 VND, debit Inventory (Deo rice) 22,400,000 VND, debit Transportation Expense 2,310,000 VND, credit Cash 50,210,000 VND.
3. Debit Inventory (packaging) 35,000,000 VND, credit Accounts Payable (Q printer) 35,000,000 VND.
4. Debit Inventory (oatmeal) 3,000,000 VND, credit Accounts Payable (M supplier) 3,000,000 VND.
5. Debit Accounts Payable (Q printer) 5,000,000 VND, credit Inventory (packaging) 5,000,000 VND.
6. Debit Accounts Payable (M supplier) 600,000 VND, credit Inventory (oatmeal) 600,000 VND.
7. Debit Accounts Payable (cooperative X) 2,000,000 VND, credit Inventory (rice 64) 2,000,000 VND.
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LIABILITIES ASSETS Prepaid Expenses Accounts Receivable Cash Unused Supplies Truck Bank Loan Accounts Payable Unearned Revenue EQUITY Share Retained Capital Earnings $ 3,000.00 1 $ 1 $10,000.00 1 1 $ 8,000.00 3,000.00 10,000.00 (8,000.00) 15,000.00 (600.00) 2,000.00 3 4 $ 15,000.00 $ $ 600.00 5 2,000.00 $ 5,000.00 7 9 $ 5,000.00 (250.00) (250.00) $ 500.00 $ 500.00 (1,000.00) (200.00) 12 15 16 20 25 28 31 31 1,000.00 (200.00 (250.00) (2,800.00) (250.00) (2,800.00) no effect 6,000.00 6,000.00 (500.00) 500.00 250.00 $ 16,500.00 $ 3,000.00 $ 8,250.00 $ 18,900.00 $ 10,000.00 $ 600.00 $ 500.00 $ 8,000.00 $10,000.00 $ $ $ Cash Accounts Receivable Prepaid Expenses Unused Supplies Truck Total Assets 18,900.00 10,000.00 600.00 500.00 8,000.00 38,000.00 Bank Loan Accounts Payable Unearned Revenue Total Liabilities Total Liabilities $ 26,750.00 Total Equity 11,250.00 Total Liabilities & Equity $ 38,000.00 10,000.00 250.00 16,500.00 26,750.00 $ $ $ Share Capita Retained Earnings Total Equity 3,000.00 8.250.00 11,250.00 $ ASSETS = LIABILITIES + CAPITAL PROBLEM 1–4 (L04) Preparing Financial Statements II Required: Refer to your answer for Problem 1-3. Prepare an income statement and a statement of changes in equity for the month ended August 31, 2015. Label the revenue earned as Fees Eamned. Prepare a balance sheet at August 31, 2015.
Balance sheet as follows: Total Assets $30,100.00, Total Liabilities $26,750.00 and Total Liabilities & Equity $30,100.00
Income Statement for the Month Ended August 31, 2015
Revenues: Fees Earned $18,900.00
Expenses: Accounts Payable $10,000.00 Unearned Revenue $250.00
Net Income: $8,650.00
Statement of Changes in Equity for the Month Ended August 31, 2015
Beginning Equity:
Share Capital $3,000.00 Retained Earnings $8,250.00 Total Equity $11,250.00
Add: Net Income $8,650.00
Ending Equity:
Share Capital $3,000.00 Retained Earnings $16,900.00 Total Equity $19,900.00
Balance Sheet at August 31, 2015
Assets:
Cash $6,000.00 Accounts Receivable $15,000.00 Prepaid Expenses $600.00 Unused Supplies $500.00 Truck $8,000.00
Total Assets $30,100.00
Liabilities:
Bank Loan $10,000.00 Accounts Payable $250.00 Unearned Revenue $16,500.00 Total Liabilities $26,750.00
Equity: Share Capital $3,000.00 Retained Earnings $16,900.00 Total Equity $19,900.00
Total Liabilities & Equity $30,100.00
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1) "Transformational leadership is always the most appropriate style in managing people in the organization." Do you agree with the statement? Support your position with relevant argument. (500 words)
2) Management is about achieving the highest possible return given from investment, such as money, people, time and other valuable resources. However, due to COVID-19 pandemic, there are limitation in resources and other obstacles faced in the education sector. This situation has led to global learning crisis which have immediate impact on children and youth in (1) losses interest in learning (2) increased dropout rates and (3) other negative impacts that will be felt disproportionately by the poor community.
Identify THREE (3) roles of school’s principle to ensure the effective of managing the student’s wellbeing and interest, and to ensure the continuity of learning among children and youth. (500 words)
1) "Transformational leadership is not always the most appropriate style in managing people in the organization."
2) In order to ensure effective management of students' wellbeing and interest, as well as continuity of learning among children and youth in the education sector in the face of COVID-19 pandemic, three key roles of school’s principles can be identified.
1) While transformational leadership is effective in many cases, there are other styles of leadership that might be more appropriate in certain circumstances.
For example, in times of crisis, it might be more appropriate to use a transactional leadership style that emphasizes the need for clear structure and guidelines.
Additionally, in situations where creativity is necessary, a servant leadership style that emphasizes empowering and empowering others may be more effective.
2 ) First, a school principal must ensure the health and safety of all students, faculty, and staff. This includes having comprehensive safety protocols in place, such as sanitizing classrooms and maintaining physical distancing in the school, as well as providing personal protective equipment such as masks and gloves.
Additionally, the principal must also be able to recognize signs of stress and emotional distress in their students, and be able to offer resources to help students cope.
Second, a school principal must be able to prioritize student engagement. This includes creating a learning environment that is both engaging and supportive, as well as creating structures for collaboration and problem solving that encourages students to work together.
Additionally, the principal should be able to help identify and develop the skills of each student, and create opportunities for students to demonstrate those skills.
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13. A company that began the year with $23,920 in accounts receivable and ended the year with $28,080 in accounts receivable had credit sales of $338,000 and cost of goods sold of $182,000. What is the accounts receivable turnover for this company?
The accounts receivable turnover for the company will be 13
The accounts receivable turnover for this company can be calculated by using the formula:
Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable.
To find the average accounts receivable, we can use the formula:
Average Accounts Receivable = (Beginning Accounts Receivable + Ending Accounts Receivable) / 2.
In this case, the beginning accounts receivable is $23,920 and the ending accounts receivable is $28,080.
Plugging these values into the formula, we get:
Average Accounts Receivable = ($23,920 + $28,080) / 2 = $26,000
Now, we can plug this value and the net credit sales of $338,000 into the formula for accounts receivable turnover:
Accounts Receivable Turnover = $338,000 / $26,000 = 13
Therefore, the accounts receivable turnover for this company is 13. This means that the company collected its average accounts receivable balance 13 times during the year.
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