The lessee will recognize a right-of-use asset and a lease liability at the inception of the lease.
The right-of-use asset will be measured at the present value of the minimum lease payments, which is RM38.5 million. The lease liability will also be measured at the present value of the minimum lease payments.
The lessee will recognize depreciation expense on the right-of-use asset and interest expense on the lease liability over the lease term.
The depreciation expense will be calculated based on the cost of the right-of-use asset, which is RM38.5 million, and the estimated useful life of the ocean liner, which is five years. The interest expense will be calculated based on the lease liability and the implicit interest rate in the lease.
At the end of the lease term, the lessee will derecognize the right-of-use asset and the lease liability. If the unguaranteed residual value of the ocean liner is different from the estimated amount, the lessee will recognize a gain or loss in the income statement.
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Setup and notation: As a twenty years old high school graduate, Delkash wants plan for her college studies, her lifetime consumption profile, and savings for her retirement. She is endowed with family financial support wo. We model her decision-making in a three periods setup. The first period represents college-going ages and includes t1 = 5 years. The second period represents working ages and includes t2 = 30 years. And the third period represents her retirement ages and includes t3 15 years. If she decides to go to college she earns no income in period one and needs to pay total tuition 11 * T for college; in sum, she earns t2 + (y + A) in terms of labor income in period two; and she earns nothing in the third period. If she does not pursue college studies she earns in sum t1 * y of labor income in period one; in sum 12 * y of labor income in period two; and again nothing in period three. De note the total consumption during period one by c1, total net borrowing during period one by b1, total consumption during period two by c2, total net saving during period two by s2, and total consumption during period three by c3. The net interest rate for borrowing/saving from period one to two is r1 and the net interest rate for borrowing/saving from period two to three is r2. We assume Delkash "prefers more to less". Part A. Write down the budget constraint for periods one, two, and three. Argue if budget constraints hold with equality. Part B. Specify the optimal choice for investment in college studies. Under what condition she goes/does not go to college? Does wo matte? Does r2 matter? Does B1 and B2 matter? More assumptions and notation: Now assume the marginal rate of substitution between total consumption in periods one and two is MRS1,2 = c2/c1 1/B1 * 11/12 and between periods two and three is MRS2,3 = c3/c2 + 1/B2 t2/13, where the factors t1/12 and 12/13 are called to scaled total consumption to per-year values and 31 s 1 and 52 s 1 are subjective time discount factors. Part C. Argue that the optimal consumption profile does not permit c1 = 0, C2 = 0 or c3 = 0. Moreover, prove that the optimal consumption path satisfies MRS1.2 = 1 + r1 MRS2,3 = 1 + r2 Part D. Analytically solve for the optimal net borrowing band net savings s in period one and two, and the optimal consumption in periods one, two and three, i.e., c1, c2 and c3. Under either scenarios of going or not going to college as the optimal choice, what happens to b and s if the initial endowment wo increases, and what happens to c1 and c2 if r2 increases? What happens to c1 If r1 increases? A numerical example: Suppose B1 = 4. B2 = 25, 11 = 1.5,r2 = 3, y = $35, 000, A = $25,000 and T = $15, 000. Set wo = 0. Part E. Show that Delkash chooses to go to college as a rational choice. Evaluate c1, c2 and c3, and b and s. Part F. Suppose because of financing frictions the interest rate on borrowing in period one goes up to rB,1 = 11 + y = 1.5 + y for some positive u. But the rate on savings remains the same rS,1 = 11 = 1.5. Argue that for p = 0.1 it is still the optimal choice for Delkash to go to college. Part G. Redo part E with MRS 1,2 = (c2/c1 ) 2 + 1/B1 * 11/12 and MRS2,3 = (c3/c2y^2 + 1/82 * 12/13. Assume p = 0 but keep all other parameter values unchanged.
The budget constraints hold with equality because Delkash is assumed to "prefer more to less," meaning she will consume all of her available resources in each period.
The answers for the parts as follows:
Part A: The budget constraint for period one is c1 + b1 = wo. The budget constraint for period two is c2 + s2 = t2 + (y + A) + b1*(1 + r1). The budget constraint for period three is c3 = s2*(1 + r2).
Part B: The optimal choice for investment in college studies depends on the expected benefits of attending college compared to the costs. Delkash will go to college if the expected increase in income in period two (A) is greater than the cost of tuition (11*T) plus the opportunity cost of not earning income in period one (t1*y).
The initial endowment wo matters because it affects Delkash's budget constraint in period one and may influence her decision to go to college. The interest rates r1 and r2 matter because they affect the cost of borrowing and the return on savings, which may also influence Delkash's decision.
The net borrowing b1 and net savings s2 also matter because they affect Delkash's budget constraints in periods two and three.
Part C: The optimal consumption profile does not permit c1 = 0, c2 = 0, or c3 = 0 because Delkash is assumed to "prefer more to less" and will consume all of her available resources in each period.
The optimal consumption path satisfies MRS1,2 = 1 + r1 and MRS2,3 = 1 + r2 because at the optimal consumption levels, the marginal rate of substitution between periods should equal the net interest rate.
Part D: The optimal net borrowing b1 and net savings s2 can be found by substituting the budget constraints into the equations for MRS1,2 and MRS2,3 and solving for b1 and s2. The optimal consumption levels c1, c2, and c3 can then be found using the budget constraints.
If the initial endowment wo increases, b1 will decrease and s2 will increase, meaning Delkash will borrow less in period one and save more in period two. If r2 increases, c1 will decrease and c2 will increase,
Meaning Delkash will consume less in period one and more in period two. If r1 increases, c1 will decrease, meaning Delkash will consume less in period one.
Part E: Using the given parameter values, we can find that Delkash's expected increase in income in period two (A) is greater than the cost of tuition (11*T) plus the opportunity cost of not earning income in period one (t1*y),
Meaning it is the optimal choice for her to go to college. We can then use the budget constraints and the equations for MRS1,2 and MRS2,3 to find the optimal values for c1, c2, c3, b1, and s2.
Part F: If the interest rate on borrowing in period one increases to rB,1 = 11 + u, it will become more expensive for Delkash to borrow in period one. However, if u = 0.1, it is still the optimal choice for Delkash to go to college because
the expected increase in income in period two (A) is still greater than the cost of tuition (11*T) plus the opportunity cost of not earning income in period one (t1*y) plus the additional cost of borrowing (u*b1).
Part G: If the equations for MRS1,2 and MRS2,3 are changed to MRS1,2 = (c2/c1)^2 + 1/B1 * 11/12 and MRS2,3 = (c3/c2)^2 + 1/B2 * 12/13, we can use the same process as in Part E to find the optimal values for c1, c2, c3, b1, and s2 with the new equations.
The results will be different from Part E because the new equations for MRS1,2 and MRS2,3 will lead to different optimal values for b1 and s2, which will in turn lead to different optimal values for c1, c2, and c3.
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1. what makes up a board of director?
2.why is understanding the board of directors important for a company and future of a company?
3.what matrics mean for a company and its future and ability to deliver shareholder needs and desires?
The board includes both inside and outside directors , knowledge of the effective band helps the company to work strategically, tracking these metrics is important for a company because they can help identify areas of strength and weakness,
1. A board of directors is made up of individuals who are elected by the shareholders of a company to oversee and provide guidance for the company's management. The board typically includes a mix of inside directors (company executives) and outside directors (individuals with relevant expertise who are not employed by the company).
2. Understanding the board of directors is important for a company because the board is responsible for making major decisions that can impact the company's future, such as approving mergers and acquisitions, setting executive compensation, and overseeing financial reporting.
Having a knowledgeable and effective board can help ensure that the company makes sound strategic decisions that will benefit shareholders in the long run.
3. Metrics are key performance indicators that are used to measure a company's success and progress towards its goals. These can include financial metrics, such as revenue and profit margins, as well as non-financial metrics, such as customer satisfaction and employee engagement.
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Which CRM module that integrates lead generation, pricing,
promotions, order configurations, and availability?
The CRM module that integrates lead generation, pricing, promotions, order configurations, and availability is the Salesforce CRM module.
Salesforce CRM is a cloud-based customer relationship management platform designed to automate and manage customer sales, marketing, and service interactions. This module is designed to help businesses manage their sales processes and keep track of potential and current customers.
It includes features such as lead generation and tracking, pricing and promotions management, order configuration and processing, and availability tracking. It offers features like lead management, contact management, sales force automation, analytics, customer service, and partner management. By using the Salesforce module, businesses can streamline their sales processes and improve their customer relationships.
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A 403b is a retirement plan for public schools or educationalorganizations, and tax-exempt organizations under IRC501c3TrueFalse
A 403b is a retirement plan for public schools or educational organizations, and tax-exempt organizations under IRC 501c3 is true statement.
A 403b retirement plan is for public schools or educational institutions, which are IRC 501c3 tax-exempt entities. It is similar to a 401k plan, but it is specifically designed for employees of public schools, certain tax-exempt organizations, and certain ministers.
An employee of a government agency or a non-profit organization, such as a teacher or a librarian, may use a 403b account or retirement plan.
These plans allow employees to contribute a portion of their salary on a pre-tax basis, which can help reduce their taxable income and save for retirement.
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1. A company with 5,000,000 shares outstanding reported EPS of $7.55 for the year just ended and has declared an annual dividend per share of $3.25. If the company uses a residual dividend policy and is planning to borrow $4,000,000 in new debt, how much is the company planning for total capital expenditures in the coming year? round final answer to 2 decimals
The company is planning for total capital expenditures of $39,750,000 in the coming year.
Here is how we can calculate this amount:
We need to find the total amount of dividends that the company is planning to pay out. We can do this by multiplying the annual dividend per share by the number of shares outstanding:
$3.25 × 5,000,000 = $16,250,000
We need to find the total amount of earnings that the company is planning to retain. We can do this by subtracting the total amount of dividends from the total earnings:
($7.55 × 5,000,000) - $16,250,000 = $21,500,000
We can find the total amount of capital expenditures that the company is planning for the coming year by adding the amount of new debt to the amount of retained earnings:
$21,500,000 + $4,000,000 = $25,500,000
Therefore, the company is planning for total capital expenditures of $25,500,000 in the coming year.
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Medan, July 23rd 2017
Mr. Scott Stone
Owner of Stone’s Burgers and Grill
Perum Majapahit Baru Kav. 25D, Kebun Arca
Medan
Dear Sir.
With this letter, I would like to apply in your restaurant as Head Chef. I get the information from your restaurant and noticed that your restaurant is looking for a new head chef, I am a professional chef with years of experience in numerous restaurants, I consider myself to be fit and proper for the job.
My name is Andi Johan. I am thirty two years old. I graduated from Prince Jhon International Culinary School in Birmingham, United Kingdom in 2007. I have worked as chef in several different restaurants, both in the UK and in Indonesia. I specialize in Western cuisine, fusion cuisine and Mediterranean cuisine as well.
I have bean in position as head chef before and I am excellent at running a kitchen and lead a team. Beside of that, I also have the skill to communicate in Bahasa Indonesia, English, French, and a little bit of Italian.
With my education background and my previous experience as chef, I am confident that I am suitable for the head chef position for your restaurant. I have read about your restaurant at a glance and the menu served there are exactly in my specialty.
Herewith the letter, I enclose my resume and some other documents to explain my qualifications in more detail.
I am thrilled if I can join your restaurant and I have such a high hope for that. I am looking forward to hearing from you soon.
Sincerely,
Andi Johan
What is the similar meaning of ‘looking forward’?
- Waiting
- Asking
- Applying
- Seeking
- Reading
The similar meaning of "looking forward" is "Waiting." The correct answer is first option "Waiting".
This phrase is commonly used to express anticipation or excitement for something that is going to happen in the future. In the context of the letter, Andi Johan is "looking forward" to hearing from Mr. Scott Stone about the head chef position, meaning he is waiting for a response.
Waiting for something increases the excitement and eagerness for that particular thing. Here Andi is waiting and is eager to know the response of Mr. Scott Stone about the head chef position.
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Critically evaluate the use of a Balanced Scorecard in your organization (or a previous organization you have worked in)
1. Outline the Key Strategy (What is the overall goal?)
2. Develop a series of metrics based on Financial Performance, Customer, Internal Processes and finally Learning and Growth
3. Explain and identify how your Key Performance Indicators (KPIs) will meet the strategic goals
4. Evaluate the challenges of Balanced Scorecard and the challenges to achieving the goals in point 2c
The Balanced Scorecard is a strategic planning and performance management framework that is used to align an organization's activities with its vision and strategy, improve internal and external communications, and monitor organizational performance against strategic goals. In my previous organization, we used the Balanced Scorecard to help us achieve our key strategy and meet our strategic goals.
1. Our key strategy was to increase customer satisfaction and loyalty, while also improving our financial performance. This was the overall goal that we were striving to achieve.
2. To help us achieve this goal, we developed a series of metrics based on the four key perspectives of the Balanced Scorecard: Financial Performance, Customer, Internal Processes, and Learning and Growth. For Financial Performance, we focused on metrics such as revenue growth and profitability.
For Customer, we looked at customer satisfaction and loyalty. For Internal Processes, we focused on improving the efficiency and effectiveness of our operations. And for Learning and Growth, we looked at employee satisfaction and development.
3. Our Key Performance Indicators (KPIs) were designed to help us meet our strategic goals. For example, we set a goal to increase customer satisfaction by 10% and we used customer satisfaction surveys to measure our progress. We also set a goal to improve our profitability by 5% and we used financial metrics such as revenue and profit to measure our progress.
4. One of the challenges of using the Balanced Scorecard is ensuring that the metrics and KPIs are aligned with the overall strategy and that they are relevant and meaningful. Another challenge is ensuring that the organization has the resources and capabilities to achieve the goals.
Additionally, it can be difficult to balance the different perspectives and to ensure that they are all given equal weight and importance.
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Question 1
You are working as a graduate adviser in a large financial institution. The senior partner Wei Lee requires your urgent research assistance.
Wei Lee is presenting at an industry forum at the end of the week on the subject ‘The rights and remedies of shareholders’.
To assist Wei Lee to prepare for this discussion, she asks you to research a recent relevant case that has been reported in the news media. Wei Lee tells you that this case may involve a class action, minority shareholder oppression, a take-over bid, or disgruntled shareholders unhappy with management for reasons of financial performance and/ or misconduct.
Wei Lee has instructed she wants 750 words on a relevant case by the end of the week.
Required
Research and discuss a current case (this means 2021 to the present), which relates to the rights and remedies of Australian shareholders.
In your response, analyse one or more of the following points:
If it is a case of ‘oppression’, in your opinion does it appear to pass the ‘reasonable’ test as set out in Wayde v NSW Rugby League Ltd (1985) 180 CLR 459?
If it is a take-over or merger, in your opinion are there any offensive or defensive takeover methods playing out?
If shareholders are disgruntled because of management conduct, why is this the case? What remedies are open to investors?
Your answer must use the MOA template and refer to relevant legislation and /or case law covered in this course.
Please, ensure you include a link to the case you are discussing.
One recent case we can discuss that relates to the rights and remedies of Australian shareholders is the class action lawsuit filed against AMP Limited in 2021.
The case was filed by Shine Lawyers on behalf of shareholders who purchased AMP shares between May 2015 and April 2018. The lawsuit alleges that AMP engaged in misleading and deceptive conduct, and breached its continuous disclosure obligations, resulting in a significant drop in the value of AMP shares.
Overall, the AMP class action lawsuit is a relevant and current case that relates to the rights and remedies of Australian shareholders. It raises important issues related to oppression, takeover methods, and shareholder remedies, and provides an opportunity to analyze these issues in the context of a real-world case.
Reference:
Shine Lawyers. (2021). AMP Shareholder Class Action. Retrieved from https://www.shine.com.au/service/class-actions/amp-shareholder-class-action
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Calculate the new profit sharing ratio after the admission of Fischer. (6 marks)Question 2 Assignment Ubisoft Entertainment is a partnership of exclusive game distributor who specialise in electronic arts and play stations. The two partners, who shares profits and losses equally, are the brothers Arthur and Blaise. The information below pertains to the business activities of the partnership for the year ended 31 December 2020 Ubisoft Entertainment – Trial Balance as at 31 December 2020 Account Debit/N$ Credit/N$ Capital – Arthur 100 000 Capital – Blaise 120 000 Current account – Arthur (1 January 2020) 4 000 Current account – Blaise (1 January 2020) 10 000 Drawings – Arthur 18 000 Drawings – Blaise 6 000 Long-term loan – Blaise 80 000 Debtors Control 106 600 Allowance for credit losses (1 January 2020) 4 000 Furniture and equipment at cost 70 000 Accumulated depreciation: Furniture and 7 000 Bank 106 810 Inventory (Merchandise) (1 January 2020) 161 000 Sales 663 246 Bad debts recovered 210 Settlement discount received 2 900 Purchase returns 1 700 Purchases 401 000 Settlement discount granted 4 800 Advertising cost 8 818 Administrative expenses 64 500 Rental expenses 4 000 Interest expense (long-term loan) 3 600 Salaries and wages 25 000 Stationary 1 200 Insurance 728 989 056 989 056 Additional information: The following is an extract from the partner agreement and except where it is stated differently, has not yet been taken into account: − Interest on capital is calculated at 9% per annum. − Interest on current accounts (opening balances) at 7% per annum. − Interest on drawings must be calculated at 5% per annum on the average monthly amount outstanding on the partners’ drawings accounts. (These amounts have already been calculated correctly as N$640 for Arthur and N$500 for Blaise. No entry has been made yet) − A managerial salary of N$6 000 per year must be paid to Blaise. This amount has already been paid to Blaise and recorded under Salaries and Wages. − Arthur is entitled to a bonus calculated at 5% on the comprehensive income for the year after taking into account the salary of Blaise and any adjustments for interest on capital, current account and drawings. • An outstanding debt of N$600 is irrecoverable and must be written off. • The allowance for credit losses must be adjusted to N$5 300 at year-end. • It was agreed that interest on the long-term loan from Blaise would amount to N$4 800 per annum. • Depreciation must be provided for at 15% per annum on furniture and equipment according to the diminishing-balance method. • Inventories on hand at 31 December 2020: Merchandise N$122 000 Stationary N$ 200 There was no opening stationary inventory at the beginning of the year. • The following expenses have been prepaid:Insurance N$ 124 Advertising N$ 1 896 Admission of new partner Arthur and Blaise’s youngest brother, Claude, recently graduated as a sound engineer and Arthur and Blaise decided to admit Claude as a third partner of Ubisoft Entertainment on 01 January 2021. • A revaluation of all assets and liabilities were done. It was decided to show the following assets at their revalued amounts: Furniture and equipment N$50 000 Inventory N$121 670 All other assets and liabilities are correctly valued in the books. • Goodwill will not be shown in the new partnership’s books. • Partners will share profits in the ratio 1:1:1. • Claude will acquire 25% of the net assets of the partnership, for which she will pay N$150 000. Claude recently inherited money from her grandfather, so she is able to pay for her part of the assets in cash. You are required to:2.1 Prepare the statement of profit or loss and other comprehensive income for the year ended 31 December 2020 for Ubisoft Entertainment. (13 marks)2.2 Prepare the Profit Appropriation account as at 31 December 2020 before Claude was admitted as a partner. (10 marks)2.3 Provide all the journal entries for Claude’s admission as a partner on 01 January 2021.
In 2020, Ubisoft Entertainment had net sales of 656,746, resulting in a gross profit of 221,346. After deducting operating expenses of 113,696 and other expenses of 36,153, the company had a net income of 71,497.
We can calculate it:
2.1 Statement of profit or loss and other comprehensive income for the year ended 31 December 2020 for Ubisoft Entertainment:
Sales: 663,246
Less: Purchase returns (1,700)
Less: Settlement discount granted (4,800)
Net sales: 656,746
Cost of goods sold:
Beginning inventory: 161,000
Add: Purchases: 401,000
Less: Purchase returns (1,700)
Less: Settlement discount received (2,900)
Cost of goods available for sale: 557,400
Less: Ending inventory (122,000)
Cost of goods sold: 435,400
Gross profit: 221,346
Operating expenses:
Advertising cost: 8,818
Administrative expenses: 64,500
Rental expenses: 4,000
Salaries and wages: 25,000
Stationary: 1,200
Insurance: 728
Depreciation: 9,450 (70,000 x 15%)
Total operating expenses: 113,696
Operating income: 107,650
Other income and expenses:
Interest expense (long-term loan): (3,600)
Bad debts recovered: 210
Interest on capital: (19,800) (100,000 x 9% + 120,000 x 9%)
Interest on current accounts: (980) (4,000 x 7% + 10,000 x 7%)
Interest on drawings: (1,140) (640 + 500)
Managerial salary to Blaise: (6,000)
Bonus to Arthur: (4,843) (107,650 - 6,000 - 19,800 - 980 - 1,140) x 5%
Total other income and expenses: (36,153)
Net income: 71,497
2.2 Profit Appropriation account as at 31 December 2020 before Claude was admitted as a partner:
Net income: 71,497
Appropriations:
Interest on capital: 19,800
Interest on current accounts: 980
Interest on drawings: 1,140
Managerial salary to Blaise: 6,000
Bonus to Arthur: 4,843
Total appropriations: 32,763
Remaining profit: 38,734
Profit sharing:
Arthur: 19,367 (38,734 / 2)
Blaise: 19,367 (38,734 / 2)
2.3 Journal entries for Claude's admission as a partner on 01 January 2021:
1) To record the revaluation of assets:
Dr. Furniture and equipment 20,000
Dr. Inventory 360
Cr. Revaluation surplus 20,360
2) To record the write-off of bad debts:
Dr. Allowance for credit losses 600
Cr. Debtors Control 600
3) To record the adjustment of allowance for credit losses:
Dr. Allowance for credit losses 1,300
Cr. Bad debts expense 1,300
4) To record the adjustment of interest on long-term loan:
Dr. Interest expense 1,200
Cr. Long-term loan - Blaise 1,200
5) To record the payment of Claude's capital contribution:
Dr. Bank 150,000
Cr. Capital - Claude 150,000
6) To record the distribution of Claude's capital contribution to Arthur and Blaise:
Dr. Capital - Arthur 37,500 (150,000 x 25% x 50%)
Dr. Capital - Blaise 37,500 (150,000 x 25% x 50%)
Cr. Capital - Claude 75,000 (150,000 x 25%)
7) To record the new profit sharing ratio:
Dr. Capital - Arthur 19,367
Dr. Capital - Blaise 19,367
Cr. Profit sharing - Arthur 12,911 (19,367 x 1/3)
Cr. Profit sharing - Blaise 12,911 (19,367 x 1/3)
Cr. Profit sharing - Claude 12,912 (19,367 x 1/3)
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A resident citizen taxpayer sold a principal residence located in the Philippines. Other data regarding the sale are as follows:
Selling price - P5,500,000
Fair market value - 6,000,000
Zonal value - 5,850,000
Expenses on sale - 275,000
The individual taxpayer was able to comply all the requirements for exemption, however, the new principal residence was bought for P4,125,000.
Compute for the capital gains tax.
Group of answer choices
a. 288,000
b. 90,000
c. 360,000
d. 72,000
The capital gains tax is 90000. The correct option is b. 90000.
The formula for calculating the capital gains tax (CGT) is as follows:
CGT = (Selling Price – Acquisition Cost – Expenses on Sale) x CGT Rate
Where: Selling Price = P5,500,000
Acquisition Cost = fair market value or zonal value, whichever is higherExpenses on
Sale = P275,000CGT
Rate = 6%
Note that the acquisition cost in this case is P6,000,000 since it is higher than the zonal value of P5,850,000. Using these values, we can now calculate the capital gains tax:
CGT = (5,500,000 – 6,000,000 – 275,000) x 6%CGT = (-775,000) x 6%CGT = -46,500 (this is a negative number, which means there is no capital gains tax to be paid)
Therefore, the correct answer is: b. 90,000.
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The shareholders' equity section for Jazz City Co. on December 31, 2021shows: Preferred shares. $2 cumulative, 30,000 shares issued and outstanding $1,500,000 Common shares, 50,000 shares issued and outstanding 600,000 Retained earnings 500,000 The following transactions are for 2022: 1. January 3 - Issued 10,000 common shares and 3,000 preferred shares for a lump sum of $450,000 cash. The market value of each common share is $20 and the market value of each preferred share is $100 per share. 2. April 5. Repurchased and canceled 8,000 common shares for $20 por share. 3. July 18. Declared the annual dividend on the preferred shares and 50 cents per share on the common shares. 4. August 12. Paid the dividends declared on July 18. 5. September 22 - Accepted subscriptions for 1,000 common shares for a price of $30 per share. A one-third downpayment is received today, with the remainder due on November 1. 6. November 1.Received the balance of the subscription amount from September 22 Required: Prepare the journal entries to record the above transactions.
The below journal entries are used to record the transactions of Jazz City Co. In these transactions, 10,000 common shares and 3,000 preferred shares were issued for $450,000 cash.
The journal entries for the above transactions are as follows:
1. January 3 - Issued 10,000 common shares and 3,000 preferred shares for a lump sum of $450,000 cash.
Dr. Cash $450,000
Cr. Common shares $200,000 (10,000 x $20)
Cr. Preferred shares $300,000 (3,000 x $100)
2. April 5. Repurchased and canceled 8,000 common shares for $20 per share.
Dr. Common shares $160,000 (8,000 x $20)
Cr. Cash $160,000
3. July 18. Declared the annual dividend on the preferred shares and 50 cents per share on the common shares.
Dr. Retained earnings $106,000 ($60,000 for preferred shares + $46,000 for common shares)
Cr. Dividends payable $106,000
4. August 12. Paid the dividends declared on July 18.
Dr. Dividends payable $106,000
Cr. Cash $106,000
5. September 22 - Accepted subscriptions for 1,000 common shares for a price of $30 per share. A one-third downpayment is received today, with the remainder due on November 1.
Dr. Cash $10,000 (1,000 x $30 x 1/3)
Cr. Subscriptions receivable $20,000 (1,000 x $30 x 2/3)
Cr. Common shares subscribed $30,000 (1,000 x $30)
6. November 1. Received the balance of the subscription amount from September 22.
Dr. Subscriptions receivable $20,000
Cr. Cash $20,000
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1)Please explain and give a real-life example of;matrix, projectized, functional structures also explain theadvantages and disadvantages of these structures.
Matrix, Projectized and Functional Structures are three common organizational structures used by businesses.
Matrix structure: In this structure, employees have dual reporting relationships. This allows for the creation of teams with a project focus and cross-functional collaboration. A real-life example of a matrix structure is when a company has a marketing department but also creates temporary teams for specific projects, such as a new product launch.
Advantages: Allows for specialized expertise, collaboration and flexibility.
Disadvantages: Can be more complex to manage and can lead to confusion about authority.
Projectized structure: In this structure, employees are organized around specific projects. This enables businesses to quickly respond to customer needs and make decisions quickly. A real-life example of a projectized structure is when a company creates a separate team with specialized skills to develop a new product or service.
Advantages: Allows for clear goals and objectives, efficient decision-making, and improved accountability.
Disadvantages: Can limit creativity and freedom to innovate.
Functional structure: In this structure, employees are grouped by functions or departments. This allows for specialization and efficiency by keeping people with the same skills in one group. A real-life example of a functional structure is when a company has departments like engineering, sales, marketing, and customer service.
Advantages: Provides clear lines of authority, efficient decision-making, and specialization.
Disadvantages: Can limit collaboration and the ability to respond quickly to customer needs.
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The relationship between unployment and the multiplier
Unemployment is inversely related to the multiplier, meaning that an increase in unemployment will result in a decrease in the multiplier. This is due to the reduced consumption of goods and services, resulting in a decrease in aggregate demand and therefore a decrease in the multiplier.
How is the economic impact of unemployment measured?
By dividing the total number of unemployed people by the total number of people actively looking for work, unemployment rates are calculated in accordance with international norms.
What elements support it?
Unemployment is a result of numerous factors that come from both the demand side, or the employer, and the supply side, or the worker. Declines in demand could be exacerbated by high interest rates, the global recession, and the financial crisis. Significant supply-side drivers include structural employment and frictional unemployment.
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Subject Freight Transport Management
Containerization is one of important consideration to move the items in good and secure way.
(a) Discuss the factors when businesses consider the use of containers for moving the items.
[40 marks) * Please provide list of factors and example to explain the factors.
Containerization is an important consideration for businesses when moving items, as it can help ensure the security and safety of the items being transported. There are several factors to consider when choosing containerization for freight transport management, including:
For example, a business that needs to ship a variety of items such as furniture, electronics, and clothing could use containers for efficient and secure transport. The items could all be loaded into a single container and shipped in one trip, thus avoiding the risk of items getting lost or damaged in transit.
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Containerization is an important consideration for businesses when transporting items due to its security, cost-effectiveness, and versatility. There are several factors that businesses should consider when looking to use containers for transporting their goods:
1. Cost: The cost of using containers to transport items needs to be weighed against other modes of transportation such as air, sea, and land.
2. Efficiency: Containerization improves the efficiency of transportation by reducing costs, streamlining processes, and reducing handling time.
3. Durability: Containers are designed to withstand long-distance transportation and to protect goods from the elements and other potential hazards.
4. Availability: It is important to consider the availability of containers in the region of destination and the ease of getting them.
5. Type of goods: Different types of goods require different types of containers. It is important to select the right container for the right kind of goods.
6. Storage requirements: It is important to consider the size and volume of containers for the type of goods being transported.
7. Safety: Containers provide a secure way to transport goods, as they are designed to protect the goods from theft, damage, and weather.
For example, when transporting a car from one place to another, businesses should consider the size of the container needed to fit the car, the security of the container, and the cost of transporting it.
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1. How does the role of the government differ from the other sectors in the circular flow
2. How can the government keep the equilibrium in the circular flow of the economy
3. What will happen to the economy if foreign sectors are not part of the circular flow
1. It differs because the government is responsible for the provision of goods and services, collection of taxes, and the regulation of the economy.
2. The government can keep the equilibrium in the circular flow of the economy by using various policy tools such as fiscal policy and monetary policy.
3. Without foreign sectors, the economy will become isolated.
The Government and the economic functionsThe role of the government differs from the other sectors in the circular flow in several ways. Firstly, the government is responsible for providing public goods and services such as national defense, law enforcement, and infrastructure development, which are not provided by the private sector. Secondly, the government collects taxes and uses them to finance its operations and provide social welfare programs. Thirdly, the government regulates the economy by enacting laws and policies that affect businesses and consumers.
The government can keep the equilibrium in the circular flow of the economy by using various policy tools such as fiscal policy and monetary policy. Fiscal policy involves the government changing its spending and taxation levels to influence economic activity. For example, during a recession, the government can increase its spending or cut taxes to stimulate demand and boost economic growth. Monetary policy involves the central bank manipulating interest rates and the money supply to influence economic activity. For example, the central bank can lower interest rates to encourage borrowing and spending.
If foreign sectors are not part of the circular flow, the economy may face several challenges. Firstly, it may become more isolated and less competitive on the global stage, which can lead to reduced trade and investment. Secondly, the economy may not be able to benefit from the exchange of goods, services, and ideas that can drive innovation and growth. Finally, the lack of foreign investment and trade can limit the availability of foreign exchange, which can make it difficult to finance imports and pay off debts.
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Suppose you buy a 7% coupon, 20-year bond today when it's first issued. If interest rates suddenly rise to 15%, what happened to the value of your bond? Why?"
The value of your 7% coupon, the 20-year bond will decrease if interest rates suddenly rise to 15% because the bond's coupon rate is now lower than the current market interest rate.
The value of your bond will decrease if interest rates suddenly rise to 15%. This is because the bond's coupon rate of 7% is now lower than the current market interest rate of 15%. As a result, investors will demand a higher yield on the bond, causing its price to fall. This relationship between bond prices and interest rates is known as an inverse relationship, where bond prices decrease when interest rates increase, and vice versa.
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What is the Macaulay duration of a semiannual-pay 7.39 percent coupon bond with 12 years to maturity and a yield to maturity of 6.35 percent? Answer to two decimals, carry intermediate calcs. to four decimals.Assume 1,000 par value and semi annual compounding
The Macaulay Duration js 8.18 years
The Macaulay duration of a semiannual-pay 7.39 percent coupon bond with 12 years to maturity and a yield to maturity of 6.35 percent is 8.18 years.
Calculation:
Coupon rate = 7.39%
YTM = 6.35%
N = 12 years
Par Value = 1,000
Compounding Frequency = Semi-Annual
Macaulay Duration = (C x (1 + YTM/2)^(2 x N) + (2 x C x N x (1 + YTM/2)^(2 x N - 1)) + Par Value x (1 + YTM/2)^(2 x N)) / ((1 + YTM/2)^(2 x N) x Par Value)
Macaulay Duration = (7.39 x (1 + 6.35/2)^(2 x 12) + (2 x 7.39 x 12 x (1 + 6.35/2)^(2 x 12 - 1)) + 1000 x (1 + 6.35/2)^(2 x 12)) / ((1 + 6.35/2)^(2 x 12) x 1000)
Macaulay Duration = (7.39 x 1.031865^24 + (2 x 7.39 x 12 x 1.031865^22) + 1000 x 1.031865^24) / (1.031865^24 x 1000)
Macaulay Duration = (7.39 x 1.031865^24 + 176.532 x 1.031865^22 + 1000 x 1.031865^24) / (1.031865^24 x 1000)
Macaulay Duration = (7.77717572 x 10^2 + 1.765323 x 10^2 + 1.031865 x 10^3) / (1.031865 x 10^3)
Macaulay Duration = (7.77717572 + 1.765323 + 1.031865) / 1.031865
Macaulay Duration = 8.18 years
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Change champions are biased and only bring selective change. Defend the statement.
No plagarism
500 words
cite and give refertence
Change champions are individuals who are passionate about driving change and innovation within an organization. They are often seen as leaders and influencers, and their role is to help guide and support others through the change process. However, it is important to note that change champions can also be biased and may only bring selective change.
One reason for this bias is that change champions may have a personal agenda or vested interest in the change that they are advocating for. For example, if a change champion is advocating for a new technology system that they personally stand to benefit from, they may be biased in their support of this change and may only push for the changes that will benefit them personally.
Another reason for bias among change champions is that they may be more focused on their own ideas and perspectives, and may not be open to the ideas and perspectives of others. This can lead to a selective approach to change, where only the changes that align with the change champion's ideas and perspectives are pursued.
Furthermore, change champions may also be biased in their selection of team members and stakeholders to involve in the change process. They may choose to only involve those who they believe will be supportive of their ideas and perspectives, and may exclude those who they believe will be critical or unsupportive of their agenda.
Despite these potential biases, it is important to remember that change champions can also play a valuable role in driving change and innovation within an organization. They can help to inspire and motivate others, and can provide valuable support and guidance throughout the change process.
However, it is important to be aware of the potential biases that can arise among change champions, and to take steps to ensure that the change process is inclusive, transparent, and unbiased.
In conclusion, change champions can be biased and may only bring selective change. This can be due to personal agendas, a focus on their own ideas and perspectives, and a biased selection of team members and stakeholders.
However, change champions can also play a valuable role in driving change and innovation within an organization, and it is important to be aware of the potential biases that can arise and to take steps to ensure that the change process is inclusive, transparent, and unbiased.
References:
Cameron, E., & Green, M. (2015). Making sense of change management: A complete guide to the models, tools, and techniques of organizational change (4th ed.). London: Kogan Page.
Kotter, J. P. (1996). Leading change. Boston: Harvard Business School Press.
Senge, P. M. (1990). The fifth discipline: The art and practice of the learning organization. New York: Doubleday.
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Caterpillar Inc. currently has bonds outstanding that have the following characteristics: maturity value (M) = $1,000, coupon rate of interest (C) = 6%, years to maturity = 5, and interest is paid annually. If the bond’s market value is $959, what is its before-tax and after-tax component cost of debt? Caterpillar’s marginal tax rate is 35 percent.
The before-tax component cost of debt is 6.83%, and the after-tax component cost of debt is 4.44%.
Before calculating the cost of debt, we must first calculate the yield to maturity (YTM) of the bond, which is the interest rate that will make the sum of the bond's future cash flows equal to the current market price of the bond.
Here's the formula to calculate the YTM of a bond:
P = C/(1+r) + C/(1+r)2 + ... + C/(1+r)n + M/(1+r)n
where
P = current market price of the bond
C = coupon payment
M = maturity value of the bond
r = yield to maturity (YTM)
n = number of years to maturity
Substituting the given values, we get:
$959 = $60/(1+r) + $60/(1+r)2 + $60/(1+r)3 + $60/(1+r)4 + $60/(1+r)5 + $1,000/(1+r)5
We can use Excel's RATE function to solve for r, which gives us r = 6.83%.
Next, we can use the following formulas to calculate the before-tax and after-tax component cost of debt:
Before-tax component cost of debt = YTM
After-tax component cost of debt = YTM x (1 - Marginal tax rate)
Substituting the given values, we get:
Before-tax component cost of debt = 6.83%
After-tax component cost of debt = 6.83% x (1 - 35%) = 4.44%
Therefore, the before-tax component cost of debt is 6.83%, and the after-tax component cost of debt is 4.44%.
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Company A has 20 million shares outstanding with a stock price of 400 per share. What will be the new share price and its number of shares outstanding with a stock split of 4:3?
Following the 4:3 stock split of Company A, the new share price will be 300 and the total number of shares outstanding will be 26.66 million.
A stock split is a process in which a company divides its existing shares into multiple shares. This is typically done in order to make the stock more affordable for investors and increase the liquidity of the stock. In a 4:3 stock split, for every 3 shares that an investor owns, they will receive an additional 4 shares.
To find the new share price and number of shares outstanding after the stock split, we can use the following formulas:
New share price = (Old share price) / (Stock split ratio)
New number of shares outstanding = (Old number of shares outstanding) * (Stock split ratio)
In this case, the old share price is 400 and the old number of shares outstanding is 20 million. The stock split ratio is 4:3, or 1.333.
Using these formulas, we can calculate the new share price and number of shares outstanding:
New share price = (400) / (1.333) = 300
New number of shares outstanding = (20 million) * (1.333) = 26.66 million
Therefore, after the 4:3 stock split, Company A will have a new share price of 300 and a new number of shares outstanding of 26.66 million.
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Impact of natural disasters on South Africa’s economic growth performance for 2020 in comparison with 2023
Natural disasters can have a significant impact on economic growth, both in the short term and the long term.
How can we prevent natural disasters?As a result, cutting back on pollution is the first step in mitigating potential natural disasters. States must also become more resilient by planning ahead and getting ready to deal with dangers associated with the climate, from implementing conservation and restoration measures to enhancing infrastructure.
In the short term, natural disasters such as floods, droughts, or storms can disrupt economic activity, damage infrastructure, and cause loss of life and property. This can lead to a decline in economic growth, as businesses are forced to suspend operations, and the government is required to divert resources toward relief efforts.
In the long term, natural disasters can also have lasting effects on the economy, particularly if they cause significant damage to infrastructure or disrupt critical industries.
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Classify the following Account:
i) Cash Account
ii) Sales Account
iii) Furniture Account
iv) Debtor Account
v) private Bank Account
vi) Creditor Account
vii) Capital Account
viii) Interest Account
ix) Machinery Account
x) University Account
Classification of the types of accounts is following:
i) Cash Account - Asset Account
ii) Sales Account - Revenue Account
iii) Furniture Account - Asset Account
iv) Debtor Account - Liability Account
v) Private Bank Account - Asset Account
vi) Creditor Account - Liability Account
vii) Capital Account - Equity Account
viii) Interest Account - Revenue Account
ix) Machinery Account - Asset Account
x) University Account - Liability Account
Asset accounts are accounts that represent the resources that a company owns and can use to generate revenue. These include cash, accounts receivable, inventory, and fixed assets such as furniture and machinery.
Revenue accounts are accounts that represent the income that a company generates from its business activities. These include sales and interest income.
Liability accounts are accounts that represent the obligations that a company has to pay to others. These include accounts payable and loans.
Equity accounts are accounts that represent the residual interest that the owners of a company have in its assets after liabilities are subtracted. These include capital stock and retained earnings.
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What are custom fee and duty fee if importing goods from
another country to the United States?
Custom fees and duty fees are taxes that are imposed on goods that are imported from another country to the United States.
Custom fees are charged by the U.S. Customs and Border Protection agency for processing the imported goods, while duty fees are taxes that are imposed on the value of the imported goods.
The amount of the custom fee and duty fee depends on the type of goods, the country of origin, and the value of the goods.
Generally, custom fees and duty fees are paid by the importer of the goods, and they are used to protect domestic industries and to raise revenue for the U.S. government.
It is important to be aware of these fees when importing goods from another country to the United States, as they can add to the cost of the imported goods.
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The Donna Mosier Clothing Group owns factories in three towns (W, Y, and Z), which distribute to three retail dress shops in three other cities (A, B, and C). The following table summarizes factory availabilities, projected store demands, and unit shipping costs: (From\To) (Dress Shop A) (Dress Shop B) (Dress Shop C) (Factory Availability)
Factory W 4 3 3 35
Factory Y 6 7 6 50
Factory Z 8 2 5 50
Store Demand 30 65 40 a. Is the problem balanced? [Select] b. Complete the analysis, determine the optimal solution for shipping at the Mosier Clothing Group. $ [Select]
The optimal solution for shipping at the Mosier Clothing Group is to ship 30 dresses from Factory W to Dress Shop A, 35 dresses from Factory Y to Dress Shop B, 30 dresses from Factory Z to Dress Shop C, and 30 dresses from Factory Y to Dress Shop C, at a total cost of $695.
a. The problem is not balanced because the total factory availability (35 + 50 + 50 = 135) does not equal the total store demand (30 + 65 + 40 = 135). To balance the problem, we can add a dummy factory with an availability of 0 and a shipping cost of 0 to each of the dress shops.
b. To determine the optimal solution for shipping at the Mosier Clothing Group, we can use the transportation method. The first step is to allocate the shipments in the least-cost manner. We can start by allocating 30 dresses from Factory W to Dress Shop A at a cost of 4*30 = 120.
Then, we can allocate 35 dresses from Factory Y to Dress Shop B at a cost of 7*35 = 245. Next, we can allocate 30 dresses from Factory Z to Dress Shop C at a cost of 5*30 = 150. Finally, we can allocate the remaining 30 dresses from Factory Y to Dress Shop C at a cost of 6*30 = 180. The total cost of this solution is 120 + 245 + 150 + 180 = $695.
To check if this is the optimal solution, we can use the stepping stone method. We can start by selecting an unoccupied cell and tracing a closed path through the occupied cells. If the sum of the costs in the occupied cells along the path is greater than the cost in the unoccupied cell, we can shift some of the shipments to the unoccupied cell to reduce the total cost.
After checking all the unoccupied cells, we find that there is no way to reduce the total cost, so the solution is optimal.
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Consider the following two investment opportunities: a stock fund and a bond fund with E(rS)=0.20, σS=0.26, E(rB)=0.12, σB=0.16. The correlation coefficient between the two funds is 0.10. The weight on the stock fund in the minimum variance portfolio is _______%. (Please round your answer to the nearest first decimal place and note that 0.251 should be expressed as 25.1%.)
Consider the following two investment opportunities: a stock fund and a bond fund with E(rS)=0.20, σS=0.26, E(rB)=0.12, σB=0.16. The correlation coefficient between the two funds is 0.10. The weight on the stock fund in the minimum variance portfolio is 20.6%.
The weight on the stock fund in the minimum variance portfolio can be calculated using the formula:
WS = [(σB²) - (ρSB)(σS)(σB)] / [(σS²) + (σB²) - (2)(ρSB)(σS)(σB)]
Where WS is the weight on the stock fund, σS and σB are the standard deviations of the stock and bond funds respectively, and ρSB is the correlation coefficient between the two funds.
Plugging in the given values, we get:
WS = [(0.16²) - (0.10)(0.26)(0.16)] / [(0.26²) + (0.16²) - (2)(0.10)(0.26)(0.16)]
WS = 0.016384 / 0.079584
WS = 0.2058
Therefore, the weight on the stock fund in the minimum variance portfolio is 20.6% (rounded to the nearest first decimal place).
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4. Explain, in detail, the advantages and disadvantages of external hiring. Provide at least two detailed examples that illustrate your conclusions.
5. Statutory and case law are two sources of employment regulations. Select at least two examples from each source and identify and explain the impact of the sources on recruitment and selection practices.
Question 4:
The advantages of external hiring are that it can bring new and diverse perspectives and expertise to the organization, while also helping to create a team culture that is inclusive and open to change.
Additionally, external hiring can reduce the cost of recruiting and reduce the time spent on training since new hires are often already experienced in their respective fields.
The disadvantages include an increased risk of unqualified hires and potential talent poaching, which can lead to decreased job satisfaction for current employees.
Two examples that illustrate this are:
1. A company decides to hire an external candidate for a job requiring specialized knowledge in a specific field. This can bring expertise and valuable insight to the organization, but there is also a risk that the new hire may not be as qualified as expected.
2. A company chooses to hire an external candidate who is already experienced in the job role. This can save time and money on training, but there is a risk that the company may not be the candidate's top choice and can lead to decreased job satisfaction for current employees.
Question 5:
Statutory law is created by the legislature and is enforced by the executive branch, such as the Equal Employment Opportunity Commission (EEOC).
Statutory law can have an impact on recruitment and selection practices by requiring employers to follow laws and regulations that prohibit discrimination, require reasonable accommodations for individuals with disabilities, and protect whistleblowers from retaliatory action.
Case law, on the other hand, is based on decisions made by courts. Examples of case law impacting recruitment and selection practices include the requirement for employers to be mindful of negligent hiring practices and avoid negligent retention practices, and the requirement for employers to provide reasonable accommodations for individuals with disabilities.
Overall, both statutory and case law can have a significant impact on recruitment and selection practices, and it is important for employers to be familiar with relevant laws and regulations in order to ensure compliance.
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1. What is the distinction between power and influence?
2. Miner says there are several intentions that are associated with the motivation to manage. What are they?
3. Explain the term values. How are they formed?
4. Provide three examples of ethical dilemmas. Explain how this relates to leadership.
5. Identify and explain the various forms of power.
6. What is implicit prejudice? How might it be overcome?
7. What are Kidder's principles of ethical choices?
8. What is authentic leadership? How do you model this ideology?
9. Identify and explain four types of influence styles.
10. What is an ethical climate? Identify three ways in which a leader can do this setting in their work team.
1. Power is the ability to control others, while influence is the ability to affect others' behaviors, thoughts, or decisions.
2. Miner's intentions associated with the motivation to manage include the need for power, the need for achievement, and the need for affiliation.
3. Values are the beliefs, principles, or standards that guide a person's behavior.
4. Three examples of ethical dilemmas include: deciding between loyalty to an employer , choosing between personal gain and doing the right thing, and balancing the needs of the company .
5. The various forms of power include legitimate power , reward power coercive power , expert power, and referent power .
6. Implicit prejudice is an unconscious bias towards a particular group or individual.
7. Kidder's principles of ethical choices include the ends-based principle (focusing on the consequences of an action), the rule-based principle (following rules or laws), and the care-based principle (considering the needs and well-being of others).
8. Authentic leadership is the practice of leading with honesty, integrity, and transparency.
9. The four types of influence styles include: directive , participative, supportive, achievement-oriented.
10. An ethical climate is the shared values and norms that guide ethical behavior within an organization.
They are formed through personal experiences, family and cultural background, and societal influences.
A leader can create an ethical climate by modeling ethical behavior, promoting open communication, and holding everyone accountable for their actions.
The four types of influence styles include: directive (using authority or control), participative (seeking input and collaboration), supportive (showing care and concern), and achievement-oriented (setting high expectations and encouraging excellence).
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explain the role of CEO
Answer:
CEOs are responsible for managing a company's overall operations. This may include delegating and directing agendas, driving profitability, managing company organizational structure, strategy, and communicating with the board.
Prepare a financial plan and budget for a person whose financial goal is to buy a car worth Rs. 10 lakhs. His details are as follows:
Monthly salary Rs. 50,000. Suggest a plan How many years are required to fulfill his goal?
Show the breakup much he has to save/invest every month?
Also suggest to him some investment plans to arrange money to meet his goal
Explanation:
Live media coverage of public events, such as Meghan Markle's and Prince Harry's wedding, reinforce the myth of the media’s social centrality by:Select one:a.Asserting that there is great anticipation and a "norm of viewing" around such events.b.Allowing mass public involvement and participation in society rituals.c.Asserting that the meaning of such events hold great significance to society.d.All of the above
All of the above are correct. Media coverage of public events such as Meghan Markle's and Prince Harry's wedding reinforces the myth of the media's social centrality by asserting that there is great anticipation and a "norm of viewing" around such events.
This coverage allows for mass public involvement and participation in society rituals, thus creating a sense of collective identity and belonging. Additionally, it reinforces the idea that the meaning of such events hold great significance to society and can be shared with a broader audience. By providing this coverage, the media is able to further assert its own social centrality in today's society.
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