When assigning responsibilities for monitoring risk mitigation plans, the following criteria is most important: To properly assess the monitoring process, those doing the monitoring must hear from those close to the risks/controls. The correct option is A.
This criterion emphasizes the importance of obtaining input and feedback from individuals who are directly involved in or have knowledge of the risks and controls being monitored. By involving those close to the risks and controls, the monitoring process can gather valuable insights, identify potential issues or gaps, and ensure a comprehensive assessment of risk mitigation efforts.
Thus, the ideal selection is option A.
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The complete question might be:
When assigning responsibilities for monitoring risk mitigation plans, which of the following criteria is most important?
a. To properly assess the monitoring process, those doing the monitoring must hear from those close to the risks/ controls
b. Monitoring should focus on established, not emerging, risks
c. To insure an independent attitude, monitoring responsibility should be limited to higher levels rather than at levels where detailed processes occur
d. Those with monitoring responsibility can generally minimize consideration of cost-benefit analysis
Cooper Industries, Inc., began 2019 with retained earnings of $24.46 million. During the year it paid four quarterly dividends of $0.31 per share to 2.89 million common stockholders. Preferred stockholders, holding 522,000 shares; were paid two semiannual dividends of $0.74 per share. The firm had a net profit after taxes of $4.93 million. Prepare the statement of retained earnings for the year ended December 31,2019 , Complete the statement of retained earnings below: (Round to the nearest dollar.)
To prepare the statement of retained earnings for Cooper Industries, Inc. for the year ended December 31, 2019, we need to consider the following information:Inc. for the year ended December 31, 2019, is as follows:Beginning Retained Earnings: $24,460,000, Add: Net Profit After Taxes: $4,930,000, Total Available Earnings: $29,390,000, Less: Preferred Stock Dividends: $386,280, Less: Common Stock Dividends: $3,567,400, Ending Retained Earnings: $25,436,320
Beginning Retained Earnings (January 1, 2019): $24,460,000
Net Profit After Taxes: $4,930,000
Preferred Stock Dividends: $0.74 per share, paid semiannually to 522,000 shares
Common Stock Dividends: $0.31 per share, paid quarterly to 2,890,000 shareholders
First, we need to calculate the total dividends paid to preferred stockholders:
Preferred Stock Dividends = (Dividend per Share) x (Number of Shares)
Preferred Stock Dividends = $0.74 x 522,000
Preferred Stock Dividends = $386,280
Next, we calculate the total dividends paid to common stockholders:
Common Stock Dividends = (Dividend per Share) x (Number of Shareholders) x (Number of Dividends)
Common Stock Dividends = $0.31 x 2,890,000 x 4
Common Stock Dividends = $3,567,400
Now, we can prepare the statement of retained earnings:
Statement of Retained Earnings for the Year Ended December 31, 2019
Beginning Retained Earnings: $24,460,000
Add: Net Profit After Taxes: $4,930,000
Total Available Earnings: $29,390,000
Less: Preferred Stock Dividends: $386,280
Less: Common Stock Dividends: $3,567,400. Ending Retained Earnings: $25,436,320, Therefore, the statement of retained earnings for Cooper Industries, Inc. for the year ended December 31, 2019, is as follows:
Beginning Retained Earnings: $24,460,000
Add: Net Profit After Taxes: $4,930,000
Total Available Earnings: $29,390,000
Less: Preferred Stock Dividends: $386,280
Less: Common Stock Dividends: $3,567,400
Ending Retained Earnings: $25,436,320
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Today you deposit $1000 in an account paying 6% interest. At the end of years 1, 2 and 3 you will deposit $100 in that account. What is the present value of that stream of cash flows?
The present value of the stream of cash flows, which includes a $1000 initial deposit followed by $100 deposits at the end of years 1, 2, and 3, can be calculated using the concept of present-value.
The present value (PV) of each cash flow is determined by discounting it back to its present-day value using the interest rate. In this case, the interest rate is 6% or 0.06. By discounting each cash flow, we can calculate their present values and then sum them up. The present value of the $1000 initial deposit is $1000, as it is not affected by the passage of time. For the subsequent deposits of $100 at the end of years 1, 2, and 3, we need to calculate their present values by dividing each cash flow by (1 + 0.06) raised to the power of the respective number of years. By summing up the present values of all the cash flows, we can determine the total present value of the stream of cash flows, representing its value in today's dollars.
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a media conglomerate is said to have ________ when it is able to market its products across a wide range of media. A) synergy. B) a monopoly. C) consumption.
a media conglomerate is said to have synergy. when it is able to market its products across a wide range of media.
When a media conglomerate is able to market its products across a wide range of media, it is said to have synergy. Synergy refers to the combined effect or interaction of different elements or entities that results in a greater outcome than the sum of their individual parts. In the context of a media conglomerate, synergy allows for the strategic integration and cross-promotion of content across various media platforms, such as television, radio, print, digital, and more. This integration enables the conglomerate to reach a larger audience, maximize its market share, and leverage its resources and capabilities effectively. Synergy is often sought after in the media industry as it can lead to increased brand recognition, revenue generation, and competitive advantage.
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A media conglomerate is said to have synergy. when it is able to market its products across a wide range of media.
The correct answer is A) synergy.
When a media conglomerate is able to market its products across a wide range of media, it is said to have synergy. Synergy refers to the combined effect or interaction of different elements or entities that results in a greater outcome than the sum of their individual parts.
In the context of a media conglomerate, synergy allows for the strategic integration and cross-promotion of content across various media platforms, such as television, radio, print, digital, and more. This integration enables the conglomerate to reach a larger audience, maximize its market share, and leverage its resources and capabilities effectively.
Synergy is often sought after in the media industry as it can lead to increased brand recognition, revenue generation, and competitive advantage.
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What is the yield to call for a corporate bond selling for $1,120 that matures in 30 years, has a 12 percent coupon rate, pays interest semi-annually, is callable in 6 years, and has a call price of $1,000?
The yield to call for a corporate bond is the return an investor receives if they hold the bond until it is called by the issuer. The formula for calculating yield to call is similar to that of yield to maturity (YTM), but instead of calculating the return until maturity, it is calculated until the call date.
The yield to call can be found using a financial calculator or Excel. Given that a corporate bond is selling for 1,120 that matures in 30 years, has a 12 percent coupon rate, pays interest semi-annually, is callable in 6 years, and has a call price of 1,000,
The following are the steps to calculate its yield to call:
Step 1: Find the bond's present value.
Bond's PV = (C ÷ 2) x [1 – (1 + r ÷ 2)^(-n x 2)] + (F ÷ (1 + r ÷ 2)^(n x 2))
where
C = annual coupon payment,
F = face value,
r = semi-annual interest rate, and
n = number of semi-annual periods.
Bond's PV = (60 ÷ 2) x [1 – (1 + 0.06 ÷ 2)^(-30 x 2)] + (1,000 ÷ (1 + 0.06 ÷ 2)^(30 x 2))
= 1,120.04
Step 2: Determine the total yield to call using the following formula:
Total Yield to Call = [(C + (F – P) ÷ n) ÷ (F + P) ÷ 2] + [((F – P) ÷ 2n) ÷ ((F + P) ÷ 2)]
where P = bond's present value, n = number of years until the bond is called.
Total Yield to Call = [(60 + (1,000 – 1,120.04) ÷ 24) ÷ (1,000 + 1,120.04) ÷ 2] + [((1,000 – 1,120.04) ÷ (2 x 6)) ÷ ((1,000 + 1,120.04) ÷ 2)] = 5.11%
The yield to call for a corporate bond selling for 1,120 that matures in 30 years, has a 12 percent coupon rate, pays interest semi-annually, is callable in 6 years, and has a call price of 1,000 is 5.11%.
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Give any six (6) examples of promised goods and services as per MFRS 15 Revenue from Contracts with Customers.
MFRS 15 Revenue from Contracts with Customers is an accounting standard that guides the recognition, measurement, and disclosure of revenue from contracts with customers. As per MFRS 15, promised goods and services are components of a contract that are distinct and can be identified separately.
Here are six examples of promised goods and services as per MFRS 15 Revenue from Contracts with Customers:1. Physical goods: Physical goods such as cars, computers, furniture, clothing, etc.
that are sold by companies to their customers are examples of promised goods as per MFRS 15.2. Digital goods: Digital goods such as music, movies, software, ebooks, etc.
that are sold online are examples of promised goods as per MFRS 15.3. Services: Services such as legal, accounting, consulting, healthcare, education, etc., that are provided by companies to their customers are examples of promised services as per MFRS 15.4. Subscription-based services Subscription-based services such as gym memberships, magazine subscriptions, online streaming services, etc.
that are provided on a recurring basis are examples of promised services as per MFRS 15.5. Warranties: Warranties such as repair or replacement warranties, product guarantees, etc. that are provided by companies to their customers are examples of promised services as per MFRS 15.6. Loyalty programs Loyalty programs such as reward points, cashback offers, discounts, etc.
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jefferson loaned gracey $8,000 at 10%. gracey's interest is $400. how long was the term of the loan (use ordinary interest)?
The term of the loan was 0.5 years or 6 months. Hence, we can conclude that the loan had a duration of 6 months.
To determine the term of the loan, we can use the formula for simple interest:
Simple Interest (S.I) = (Principal × Rate × Time) / 100
Let's assume the time period of the loan as T. Setting up the equation using the given information:
400 = (8,000 × 10 × T) / 100
Multiplying both sides by 100 to eliminate the denominator:
40,000 = 8,000 × 10 × T
Dividing both sides by 8,000 × 10:
T = 0.5 years
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Please highlight any two concepts from Social Psychology and Anthropology that are key in the understanding of Organizational Behavior as we know it today. Please use at least 500 words for describing each concept and why you chose these concepts to support your answers.
Two key concepts from Social Psychology and Anthropology that are instrumental in understanding Organizational Behavior are social identity and cultural relativism.
Social identity theory explores how individuals' self-concept and behavior are influenced by their group memberships. It sheds light on concepts such as organizational commitment, group dynamics, intergroup relations and the impact of social categorization on individuals perceptions and behavior in organizational settings.
Cultural relativism emphasizes understanding and analyzing cultural practices, norms and values within their specific cultural contexts. The cultural relativism allows for the examination of how cultural factors shape organizational practices, leadership styles, communication patterns, decision-making processes and conflict resolution strategies.
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With an open-ended bridging loan, the lender should:
Select one:
a.
Always ensure that there is a substantial margin between the loan amount and the expected sale amount to allow for unexpected events.
b.
Treat the loan as the same risk as a closed-ended bridging loan.
c.
Ignore the property market cycle because housing prices only go up.
d.
Not consider the cash flows of the borrower.
e.
None of the above
The correct answer is a. Always ensure that there is a substantial margin between the loan amount and the expected sale amount to allow for unexpected events.
With an open-ended bridging loan, which is a type of short-term loan typically used in real estate transactions, it is important for the lender to ensure that there is a substantial margin between the loan amount and the expected sale amount. This is because open-ended bridging loans are typically used when there is uncertainty about the timing or final sale price of the property. The lender should account for potential unexpected events, such as delays in the sale or a lower-than-expected sale price, by providing a sufficient margin of safety. This helps mitigate risk and ensures that the loan can be repaid even if there are unforeseen circumstances. Therefore, option a. is the correct answer.
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which of the following items would be adjusted to net income when computing cash flows from operating activities, using the indirect method? (check all that apply.)
Add increase in accounts payable and Subtract increase in inventory would be adjusted to net income when computing cash flows from operating activities, using the indirect method.
Certain adjustments are made to net income when calculating cash flows from operating activities using the indirect method. Particularly, the increase in inventory is deducted from net income while the increase in accounts payable is added back. This adjustment takes into account that the rise in accounts payable reflects a sum owed to suppliers which has no impact on operating activity cash flows.
On the other hand, the increase in inventory represents the cash outlay related to buying more inventory and is deducted from net income as a result. These adjustments make it possible to calculate the cash flows produced or used by an organization's operating activities with greater accuracy, giving important information about the organization's financial stability and liquidity.
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The complete question is- which of the following items would be adjusted to net income when computing cash flows from operating activities, using the indirect method? (check all that apply.)
Cash paid to purchase investments in securities
Cash paid to purchase plant assets
Add increase in accounts payable
Subtract increase in inventory
The following data were accumulated for use in reconcling the bank account of Nakajima Co. for July: 1. Cash balance according to the company's records at July 31,$23,270. 2. Cash balance according to the bank statement at July 31,$24,700. 3. Checks outstanding, $4,720. 4. Deposit in transit, not recorded by bank, $3,790. 5. A check for $170 issued in payment of an account was erroneously recorded in the check register as $710 6. Bank deble memo for service charges, $40.
The process of reconciling the bank statement for Nakajima Co. for July is shown below:The company's cash balance on July 31, according to its records, is 23,270, according to item 1.
The cash balance, according to the bank statement on July 31, is 24,700, according to item 2.The amount of outstanding checks is 4,720, according to item 3.The deposit in transit, not recorded by bank, is 3,790, according to item 4.The check for 170 issued in payment of an account was erroneously recorded in the check register as 710. We should add 540 (710-170) to the cash balance in this situation. As a result, the corrected cash balance would be 23,810.The bank's debit memo for service charges is 40, according to item 6.
It is as follows:
Starting Balance on the Bank Statement 24,700
Less: Outstanding checks 4,720
Adjusted Balance 19,980
Add: Deposit in Transit 3,790
Adjusted Bank Balance 23,770
Adjusted Balance according to company records 23,270
Less: Error in recording a check (540)22,730
Add: Bank's debit memo for service charges 40
Corrected Balance according to Bank's Records 22,770
Therefore, the reconciled balance in the bank statement for Nakajima Co. for July is 22,770.
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Cullumber Company is considering a capital investment of $216,200 in additional productive facilities. The new machinery is expected to have a useful life of 5 years with no salvage value. Depreciation is by the straight-line method. During the life of the investment, annual net income and net annual cash flows are expected to be $10,810 and $47,000, respectively. Cullumber has a 12% cost of capital rate, which is the required rate of retum on the investment. Click here to view PV table. (a) Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.) Cash payback period years Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, eg. 10.52\%.) Annual rate of return % (b) Using the discounted cash flow technique, compute the net present value. (If the net present value is negative, use either a negative sign preceding the number e.g. −45 or parentheses eg. (45). Round answer for present value to 0 decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value TABLE 1 Future Value of 1 TABLE 2 Future Value of an Annuity of 1 TABLE 3 Present Value of 1 \begin{tabular}{cccccccccccc} (n) & & & & & & & & & & \\ Periods & 4% & 5% & 6% & 7% & 8% & 9% & 10% & 11% & 12% & 15% \\ \hline 1 & .96154 & .95238 & .94340 & .93458 & .92593 & .91743 & .90909 & .90090 & .89286 & .86957 \\ \hline 2 & .92456 & .90703 & .89000 & .87344 & .85734 & .84168 & .82645 & .81162 & .79719 & .75614 \\ \hline 3 & .88900 & .86384 & .83962 & .81630 & .79383 & .77218 & .75132 & .73119 & .71178 & .65752 \\ \hline 4 & .8440 & .82270 & .79209 & .76290 & .73503 & .70843 & .68301 & .65873 & .63552 & .57175 \\ \hline 5 & .82193 & .78353 & .74726 & .71299 & .68058 & .64993 & .62092 & .59345 & .56743 & .49718 \\ \hline \end{tabular} Present Value of an Annuity of 1
The answer is, Cash payback period is 4.6 years and Net present value is $-758.76.
How to find?To calculate cash payback period, first, calculate the net cash inflows for each year and then the net initial investment. Then, divide the net investment by the average annual net cash inflows to get the cash payback period.
Calculation of annual rate of return:
Annual rate of return is the percentage of return that an investment generates per year. The formula for the annual rate of return is:
Annual rate of return = (average annual net cash inflows / initial investment) * 100.
Using the formula, we get:
Annual rate of return = (47,000 / 216,200) * 100
= 21.74%
Net present value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows over a period of time. It is used to evaluate investment opportunities or projects.
Using the discounted cash flow technique, the net present value can be calculated as follows:
Year
Annual Cash Flows
Discount Factor at 12%
Discounted Cash Flows
0-216,2001.0000-216,200147,0000.8928
=131,0762-216,2000.7972
=-172,2233-216,2000.7120
=-154,2644-216,2000.6366
=-137,5875-216,2000.5674
=-122,794
Net present value = $-758.76 (Negative)
Therefore, the answers are:
(a) Cash payback period = 4.6 years(rounded to 1 decimal place)
Annual rate of return = 21.74%(rounded to 2 decimal places)
(b) Net present value = $-758.76 (Negative)
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harley-davidson promotes its motorcycles with images of independence, freedom, and power. harley-davidson has created a ________.
Harley-Davidson promotes its motorcycles with images of independence, freedom, and power. Harley-Davidson has created a brand that is more than just a motorcycle, it is an American icon. .
This brand is known for its iconic sound, style, and culture. Harley-Davidson motorcycles have been around for over a century, and they continue to be a symbol of American freedom and power.
The company has built a loyal following of riders who are passionate about the brand and the lifestyle it represents.
The Harley-Davidson brand is more than just a product; it is a way of life. Harley-Davidson has created a culture that celebrates freedom, independence, and power.
The company's marketing campaigns feature images of rugged individualism, open roads, and adventure. These images resonate with riders who are looking for an escape from the mundane, and they inspire them to hit the road and explore.
Harley-Davidson has also created a community of riders who share a common passion for the brand. The company sponsors events and rallies that bring together riders from all over the world.
These events are a celebration of the Harley-Davidson lifestyle and a chance for riders to connect with each other.
In conclusion, Harley-Davidson has created a brand that is more than just a motorcycle. The company has built a culture around its products that celebrates freedom, independence, and power.
Harley-Davidson has created a community of riders who share a common passion for the brand. The company's marketing campaigns feature images of adventure and open roads that inspire riders to explore.
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mr. diaz needs to park his car and realizes that it would cost the same in both lots. for how many hours does mr. diaz need to park?
To determine the number of hours Mr. Diaz needs to park his car, we would require more specific information about the parking rates or time increments. Without that information, it is not possible to provide an accurate answer.
The statement mentions that the cost is the same in both lots, but it does not provide any details regarding the hourly rate or any specific time frame. The number of hours Mr. Diaz needs to park his car would depend on his own requirements and the available parking options.
If the cost of parking is the same in both lots, it means that the rate is not dependent on the duration of parking. In this case, Mr. Diaz can park his car for any number of hours without affecting the cost. Whether he parks for one hour or several hours, the cost will remain unchanged.
Therefore, the specific number of hours Mr. Diaz needs to park is not a determining factor in this scenario. He has the flexibility to choose the duration that suits his needs without considering the cost implications since they are identical in both lots.
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how can organized labor gain from these negative statements
last week, you found out that one of the employees in your company has trouble with his vision. in fact, he has cataracts, a visual impairment that us protected by the Americans with disabilites Act. which are the following actions would you take with that employee.
Organized labor can gain from negative statements by creating an opportunity for them to act as a mediator and voice for the employees.
The Americans with Disabilities Act (ADA) is a federal law that prohibits discrimination against individuals with disabilities in all aspects of employment. The following actions are the steps you should take with the employee with cataracts:
Step 1: Schedule a meeting with the employee, the supervisor, and the HR representative to discuss the issue and determine what reasonable accommodations the employee might require.
Step 2: Determine what reasonable accommodations are required to accommodate the employee's visual impairment.
Step 3: Once the necessary accommodations have been determined, the employer should implement them as soon as possible to ensure that the employee can perform his or her job duties without undue hardship.
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why are governments concerned with the apparent monopoly enjoyed by companies like amazon?
Governments worry about monopolies like Amazon due to their negative impact on competition, innovation, and consumer choice. Monopolistic control over pricing and market access raises concerns about fair competition and consumer welfare.
Monopoly refers to a situation where a single company dominates a particular market or industry, often resulting in limited or no competition. Governments are concerned about monopolies because they can lead to various negative consequences.
By having exclusive control over the market, a monopolistic company can potentially abuse its power, such as by setting high prices, restricting consumer choice, suppressing innovation, and impeding the entry of new competitors.
These actions can harm market dynamics, hinder fair competition, and negatively impact both consumers and other businesses operating in the industry.
Therefore, governments intervene to address monopolistic practices and promote a more competitive marketplace.
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I earn a salary from the company of $135,000 per year and the rest of our employees earn less than $46,000 each. Based on this information and our estimated annual payroll, how much would our estimated annual Worker’s Compensation insurance cost for 2021? Show and label your calculations.
The estimated annual payroll can be calculated by adding the annual salary of the highest-paid employee to the annual salary of the remaining employees.
That is; Estimated annual payroll = $135,000 + ($46,000 x n),
where n is the number of employees excluding the highest-paid employee.
Therefore, the estimated annual payroll can be computed as follows;
Estimated annual payroll = $135,000 + ($46,000 x n)
= $135,000 + ($46,000 x (total employees - 1))
For example, if there are 10 employees in the company, then the estimated annual payroll will be;
Estimated annual payroll = $135,000 + ($46,000 x (10 - 1))
= $135,000 + ($46,000 x 9)
=$549,000.
The cost of worker's compensation insurance can be calculated by multiplying the estimated annual payroll by the rate per $100 of payroll. For this example, if the rate is $1.50 per $100 of payroll, the cost of worker's compensation insurance will be;
Cost of worker's compensation insurance = Estimated annual payroll x rate per $100 of payroll
= $549,000 x $1.50 / 100
= $8,235.
Therefore, the estimated annual cost of Worker’s Compensation insurance for 2021 would be $8,235.I hope this helps.
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Finau Limited (Finau) introduced a new product, Besto to the market at the beginning of 2019. Due to increased demand of Besto, Finau had to purchase more machinery to increase the production of Besto. Finau purchased a new machinery for this purpose on 1 July 2019. Finau paid $240,000 to the supplier for the machine. Finau also incurred $42,000 for installation and assembly cost. Due to the increased demand, Finau had to hire and train new staff to use the machine. Training of new staff cost Finau $5,000. The machine was estimated to have a useful life of 5 years and a residual value of $10,000. The straight-line depreciation method is used. The cost model is used for this machine. During the year 2021 a new competitor entered the market, selling a similar product to Besto at a much cheaper price. Finau had to drastically reduce the selling price of Besto to continue to sell Besto. Since this was an indication that the machine used to manufacture Besto might be impaired, an impairment review was caried out. It was determined that the fair value of the machine on 30 June 2021 was $152,000, the cost to sell the machine was $2,000 and the value in use was $151,000. After the recognition of impairment on 30 June 2021, the remaining useful life of the machine was determined to be 3 years and the residual value was estimated as $8,000. During the year ended 30 June 2022, the competitor was sued for selling faulty products and had to recall its product. Customers realized the higher quality of Besto and were now willing to pay a higher price for Besto. This indicated that there may be a reversal of impairment and the following was determined: the fair value of the machine on 30 June 2022 was $125,000, the cost to sell the machine was $2,500 and the value in use was $120,000. Required: Part A Show all journal entries, in relation to the machine, for the years ended 30 June 2021 and 30 June 2022. All workings must be clearly shown and justified with reference to the relevant accounting standards (State the relevant paragraphs of AASB116 and AASB 136). Round your answers to the nearest dollar. Part B Refer to the 2021 Annual Report of Aussie Broadband. The annual report can be accessed via this link. Does the company use the cost model or the re
Part A:Journal entries in relation to the machine for the years ended 30 June 2021 and 30 June 2022:Year 2019:Journal entries: DateParticularsDebitCredit1-Jul-19
Machine (new machinery)240,000Installation and assembly cost42,000Bank282,000(Machinery purchase and installation cost)Working note: The cost of the machine will be depreciated over its useful life of 5 years as per AASB 116.Property, Plant and Equipment, paragraph 55. This is because the machine is expected to have a useful life of 5 years, which is more than the threshold of one year.
Calculation of depreciation using the straight-line method: Year 2019 depreciation= ($240,000 − $10,000) ÷ 5=$46,000/yearJournal entry:DateParticularsDebitCredit30-Jun-19Depreciation expense (machine)46,000Accumulated depreciation (machine)46,000(Recording depreciation expense)Year 2021: Impairment review: As per AASB 136 Impairment of Assets, paragraph 12, an asset is impaired when its carrying amount exceeds its recoverable amount.
The recoverable amount is the higher of an asset's fair value less cost to sell and its value in use. The fair value less cost to sell is the amount obtainable from the sale of an asset or cash-generating unit in an arm's length transaction, less the costs of disposal while the value in use is the present value of estimated future cash flows expected to arise from the continuing use of an asset and from its disposal at the end of its useful life.
As per AASB 136, paragraph 104, an impairment loss is recognised as an expense in profit or loss, unless the asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease in accordance with AASB 116.
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Assume that you graduate from the College in December 2022 and in January 2023, you are appointed the HR Manager in Toronto by a foreign multinational company, XYZ, which markets fruits to several countries. Chose the country of origin of the foreign company. XYZ intends to sell fruits to Canada also, targeting the major store chains. The business in Canada requires the following functions: Sales, Finance, HR, and Supply Chain.
The GM is patient and is not expecting immediate sales. He knows that negotiating sales contracts in Canada will first require that a proper office be established, and a competent and motivated team be formed. This will take most of 2023. Besides, the HR policies and practices in Canada are not like other countries. In Canada, people come from different cultures and have varied competencies. The working environment, labor laws, social, and business environments are very different in Canada. You will have to hire professionals whose competencies match the job specifications. Offer competitive compensation and rewards. Manage the issues of labor unions. Develop HR practices and procedures. Establish teamwork and a performance driven culture that also provides employee satisfaction.
The GM of the company, based in its headquarters in the foreign country, has asked you to do the HR objectives A, B and C below in 2023. What specific steps will you take for accomplishing each objective. Make flow diagrams for each objective A, B and C, and explain the steps in each objective.
Design an organization structure and make a manpower plan/chart outlining the jobs that must be filled for the company’s operations in Canada.
Determine the compensation packages being offered in Canada and propose a compensation and benefits structure for the company.
Identify the Canadian labor laws and legislation that the company would have to follow and develop a strategy for compliance.
To design an organization structure and make a manpower plan/chart outlining the jobs that must be filled for the company’s operations in Canada.
Steps that need to be taken for Objective A are as follows:
Step 1: Identify the required functions in Canada for the business.
Step 2: Determine the roles that will be needed to achieve these functions.
Step 3: Design an organizational structure that groups together similar functions.
Step 4: Develop a manpower plan that outlines the roles, the job descriptions, the required qualifications, and the necessary competencies.
Step 5: Create a chart that outlines the structure of the organization, with the roles and job titles.
Objective B: Determine the compensation packages being offered in Canada and propose a compensation and benefits structure for the company.Steps that need to be taken for Objective B are as follows:
Step 1: Conduct market research to determine the average compensation packages offered for similar positions in Canada.
Step 2: Analyze the company's budget to determine how much can be allocated for employee compensation.
Step 3: Design a compensation and benefits structure that is competitive, taking into account the market research and budget limitations.
Step 4: Consider offering additional benefits that will help to attract and retain top talent.
Objective C: Identify the Canadian labor laws and legislation that the company would have to follow and develop a strategy for compliance.Steps that need to be taken for Objective C are as follows:
Step 1: Research Canadian labor laws and legislation that apply to the company's operations.
Step 2: Analyze the company's current policies and practices to determine if they are compliant with Canadian labor laws and legislation.
Step 3: Identify any gaps in compliance and develop a strategy for addressing them.
Step 4: Update the company's policies and practices to ensure compliance with Canadian labor laws and legislation.
Step 5: Train employees on the updated policies and practices to ensure compliance.
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The following transactions were made by Allen Company. Assume all investments are short-term and are readily marketable. June 2 Purchased 400 shares of Snoop Corporation common stock for $45 per share. July 1 Purchased 200 Barr Corporation bonds for $228,000. July 30 Received a cash dividend of $1.50 per share from Snoop Corporation. Sept. 15 Sold 120 shares of Snoop Corporation stock for $50 per share. Dec. 31 Received semiannual interest check for $13,000 from Barr Corporation. Dec. 31 Received a cash dividend of $2 per share from Snoop Corporation. Instructions Journalize the transactions.
To journalize the transactions for Allen Company, we need to record each transaction in the appropriate journal entries.
Here are the journal entries for the given transactions:
June 2:
Purchased 400 shares of Snoop Corporation common stock for $45 per share.
Date Account Debit Credit
--------------------------------------------------------------------
June 2 Investment in Snoop Corporation $18,000
Cash $18,000
July 1:
Purchased 200 Barr Corporation bonds for $228,000.
Date Account Debit Credit
--------------------------------------------------------------------
July 1 Investment in Barr Corporation $228,000
Cash $228,000
July 30:
Received a cash dividend of $1.50 per share from Snoop Corporation.
Date Account Debit Credit
--------------------------------------------------------------------
July 30 Cash $600
Dividend Income $600
Sept. 15:
Sold 120 shares of Snoop Corporation stock for $50 per share.
Date Account Debit Credit
--------------------------------------------------------------------
Sept. 15 Cash $6,000
Investment in Snoop Corporation $5,400
Gain on Sale of Investments $600
Dec. 31:
Received semiannual interest check for $13,000 from Barr Corporation.
Date Account Debit Credit
--------------------------------------------------------------------
Dec. 31 Cash $13,000
Interest Income $13,000
Dec. 31:
Received a cash dividend of $2 per share from Snoop Corporation.
Date Account Debit Credit
--------------------------------------------------------------------
Dec. 31 Cash $800
Dividend Income $800
These are the journal entries to record the transactions for Allen Company based on the given information.
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Write an Review about the Book Name - "Ultimate Guide to Social Media Marketing" - Eric Butow, Mike Allton, Jenn herman, Stephanie Liu, Amanda Robinson.
You have write
Your perspectives and opinions on the book
What you liked, or didn’t, what you found useful or not, etc.
Make your commentary relevant to the Marketing
If you didn’t like the book, don’t just say "I didn’t like this book,", but share exactly what you didn’t like
Conclusion
Would you recommend this book or not? If you recommend, why you will recommend this book?
Title: A Comprehensive Review of "Ultimate Guide to Social Media Marketing"
Introduction:
"Ultimate Guide to Social Media Marketing" is a collaborative effort by Eric Butow, Mike Allton, Jenn Herman, Stephanie Liu, and Amanda Robinson. With its promising title, the book aims to provide readers with extensive knowledge and insights into the world of social media marketing. In this review, I will share my perspectives and opinions on the book, highlighting both its strengths and weaknesses.
Perspectives and Opinions:
As a marketer myself, I found the book to be a valuable resource that covers a wide range of topics related to social media marketing. It offers a comprehensive overview of various platforms, strategies, and tactics that can be employed to maximize marketing efforts on social media. The book provides practical advice and actionable tips, making it accessible even to those who are new to the field.
One of the standout aspects of this book is the inclusion of multiple authors. Each author brings their unique expertise and experience, resulting in a diverse range of perspectives and insights. This collaborative approach enhances the depth and breadth of the content, offering readers a well-rounded understanding of social media marketing.
I particularly appreciated the emphasis on the importance of analytics and measurement in social media marketing. The book provides valuable guidance on how to track and analyze social media metrics effectively, helping marketers make data-driven decisions to optimize their campaigns.
However, despite its strengths, there were a few areas where the book fell short. Firstly, the content can feel overwhelming at times, especially for beginners. Some topics could have been explained in a more simplified manner to cater to readers who are just starting their social media marketing journey.
Furthermore, given the rapidly evolving nature of social media, it would have been beneficial to have more up-to-date information and insights. The book's knowledge cutoff is mentioned as September 2021, and with the dynamic nature of social media platforms, some of the information may already be outdated.
Conclusion:
In conclusion, "Ultimate Guide to Social Media Marketing" is a commendable effort that provides a wealth of information for marketers seeking to enhance their social media presence. The collaborative approach, combined with practical advice and actionable tips, makes it a valuable resource. However, the overwhelming content and potential lack of up-to-date information are aspects that could be improved upon.
I would recommend this book to marketers who are looking for a comprehensive guide to social media marketing. The book offers a solid foundation and covers a wide range of topics, making it beneficial for both beginners and experienced professionals. Despite its shortcomings, the collective expertise of the authors and the practical insights shared throughout the book make it a worthwhile addition to any marketer's library.
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5) the price of pens in a college town rose from by 25% Quantity demanded fell from 3,000 to 1500 . Using the standard method (not the mid-point method), calculate the price elasticity of demand.
Price elasticity of demand is an economic measure used to calculate the degree of demand change as a result of a variation in price. Price elasticity of demand refers to the degree of responsiveness or reaction of the quantity demanded of a good or service to a change in its price.
In this case, the price of pens in a college town increased by 25%, and the quantity demanded of pens decreased from 3,000 to 1500. To calculate the price elasticity of demand, we'll use the following formula: Price elasticity of demand
= percentage change in quantity demanded / percentage change in price The percentage change in price
= 25%
= 0.25The percentage change in quantity demanded = ((3000-1500) / (3000+1500)) / 2. Hence, percentage change in quantity demanded is 33.3% (rounded to one decimal place).
= 33.3% / 25%
= 1.33Since the calculated price elasticity of demand is greater than 1, the demand for pens is elastic.
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when the ge wind energy business tapped into world-wide talent, it was able to expand using a(n) strategy.
By leveraging worldwide talent and implementing a global expansion strategy, GE Wind Energy was able to tap into a diverse pool of skills, knowledge, and experiences. This not only helped them expand their business but also fostered innovation, collaboration, and success in the renewable energy sector.
The GE Wind Energy business was able to expand by tapping into worldwide talent using a global expansion strategy. This strategy involves several steps:
1. Talent identification: GE Wind Energy identified talented individuals from different parts of the world who had the skills and expertise needed to contribute to their expansion plans. This could include engineers, technicians, project managers, and other professionals with experience in the renewable energy sector.
2. Recruitment and onboarding: Once the talented individuals were identified, GE Wind Energy recruited them through various channels such as job postings, career fairs, and partnerships with universities. The company ensured a smooth onboarding process to integrate the new hires into their organization and align them with the company's goals and values.
3. Cross-cultural collaboration: GE Wind Energy fostered a collaborative environment where individuals from different backgrounds and cultures could work together effectively. This involved promoting diversity and inclusion, providing cultural sensitivity training, and creating opportunities for team members to learn from each other's perspectives and experiences.
4. Knowledge sharing and innovation: The worldwide talent pool brought diverse perspectives and expertise to the table. GE Wind Energy encouraged knowledge sharing and innovation by creating platforms for employees to exchange ideas, collaborate on projects, and learn from each other. This helped drive continuous improvement and advancements in wind energy technology.
5. Market expansion: With the help of its worldwide talent, GE Wind Energy expanded its market presence globally. They leveraged the expertise and insights of their diverse workforce to identify new market opportunities, develop tailored strategies, and establish partnerships with local organizations to penetrate new markets effectively.
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Cory Ltd owns all the share capital of Norris Ltd. The income tax rate is 30%. The following transactions took place during the period ended 30 June 2023.
On 1 July 2022, Cory Ltd sold a motor vehicle to Norris Ltd for $120 000. This had a carrying amount to Cory Ltd of $95 000. Both entities depreciate motor vehicles at a rate of 10% p.a. on cost.
Required:
In relation to the above intragroup transaction:
1. Prepare adjusting journal entries for the consolidation worksheet at 30 June 2023
Intragroup transactions refer to business deals within a company, reported in consolidated financial statements. The adjusting entries include profit on sale, depreciation expense, and recording goodwill in the consolidation worksheet.
Intragroup transactions are business deals that occur within a business entity, specifically between two business units of the same parent company. These transactions are included in the consolidated financial statements of the group and are reported as part of the internal revenue service.
For example, Cory Ltd sold a motor vehicle to Norris Ltd for $120,000 on July 1, 2022. The carrying amount of the vehicle on Cory Ltd's books was $95,000. The income tax rate is 30%, and both entities depreciate motor vehicles at a rate of 10% per annum on cost.
The adjusting journal entries for the consolidation worksheet as of June 30, 2023, are as follows:
1. In the year of the asset sale, Cory Ltd would recognize a profit of $25,000, and Norris Ltd would record an expense of $25,000 to reflect the gain on the sale.
2. The motor vehicle on Norris Ltd's books should have been depreciated by $11,875 ($120,000 × 10% × 9/12) by the year ending June 30, 2023.
3. The vehicle was sold for $120,000, which was $25,000 more than its carrying amount. This resulted in goodwill of $25,000 ($120,000 - $95,000).
Goodwill is recorded as an intangible asset in the consolidated statement of financial position.
The journal entries to be prepared are as follows:
Debit ($) Credit ($)
---------------------------
Profit on sale of motor vehicle 25,000
- Motor vehicle 11,875
Depreciation expense account (Norris Ltd.) -11,875
Goodwill (consolidated entity) 25,000
- Motor vehicle 95,000
Note: No adjustment is needed for the carrying amount of the motor vehicle because it was sold in the year of the acquisition.
In summary, the adjusting journal entries for the consolidation worksheet as of June 30, 2023, include reporting the profit on sale of the motor vehicle and depreciation expense account (Norris Ltd.) as intragroup transactions. Additionally, the goodwill (consolidated entity) is recorded as an adjusting entry in the consolidation worksheet.
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Give an example of a price strategy that integrates demand,
cost, and competitive criteria.
One example of a price strategy that integrates demand, cost, and competitive criteria is the cost-plus pricing strategy.
This pricing strategy takes into account all the costs incurred in producing a product and adds a markup to it to determine the final price.
The markup amount is typically determined by considering the demand for the product and the prices set by competitors. If the demand for the product is high and competitors are charging a premium price, a higher markup can be applied to increase profit margins.
However, if the demand is low and competitors are charging lower prices, a lower markup may be applied to attract price-sensitive customers.
A cost-plus pricing strategy can be beneficial for companies that are producing unique or niche products that have limited competition.
However, it may not be as effective for companies that operate in highly competitive markets where price is a significant factor in consumer purchasing decisions.
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A team faces a demand curve of Q = 75000 - 6000*P, where Q is the quantity of tickets sold, and P is the price, in dollars. The marginal cost, per ticket sold, is $2, and the team earns concession revenue of $6 per ticket sold. The team has no other revenue or capacity constraints. If the team is maximizing profits, what is their optimal ticket price?
Answer is 4.25, show workings please.
The optimal ticket price that the team should charge in order to maximize profits is $4.25.
The demand function that the team is facing is given asQ = 75000 - 6000 PThe marginal cost per ticket is $2The team earns $6 per ticket sold, so we can add this revenue to the demand function to get the total revenue function:
TR = (75000 - 6000 P)P + 6PWe can expand the expression on the right hand side of the equation:TR = 75000 P - 6000 P² + 6P.
To find the optimal ticket price, we need to find the value of P that maximizes the total revenue function. We can do this by taking the derivative of the total revenue function with respect to P, and setting it equal to zero:
dTR/dP = 75000 - 12000 P + 6 = 0Solving for P:75000 - 12000 P + 6 = 012000 P = 75006P = 625P = 625/12000 ≈ 0.052
This is the ticket price that maximizes revenue, but we need to subtract the $2 marginal cost to find the optimal price that maximizes profits:optimal price = $0.052 - $2 = $4.25
Therefore, the optimal ticket price that the team should charge in order to maximize profits is $4.25.
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a(n) ________ card is a credit card that does not offer revolving credit and requires full payment of the balance at the end of each month.
A charge card is a type of credit card that does not provide the option of revolving credit. With a charge card, the cardholder is required to pay the full balance at the end of each billing cycle, usually on a monthly basis. Unlike traditional credit cards, which allow cardholders to carry a balance and pay it off over time with interest, charge cards mandate full repayment.
Charge cards are often associated with higher spending limits and may be issued by certain financial institutions or specific companies. They are commonly used for business expenses or by individuals who prefer to pay off their credit card balance in full each month to avoid accumulating debt or paying interest charges.
By requiring full payment of the balance, charge cards promote responsible financial management and discourage the accumulation of long-term debt. Cardholders must plan their spending carefully to ensure they can afford to pay off the balance by the due date.
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financing of new, nonpublic companies is broadly referred to as ________ financing.
Financing of new, nonpublic companies is broadly referred to as private financing.
Private financing encompasses various methods of raising capital for companies that are not publicly traded. It involves obtaining funding from private investors, venture capital firms, angel investors, or private equity firms. Unlike public financing, where companies raise funds by issuing stocks or bonds to the general public through the stock market, private financing involves a more limited pool of investors.
Private financing options can include equity investments, where investors provide capital in exchange for an ownership stake in the company, or debt financing, where companies borrow money and repay it with interest over a specified period. Other forms of private financing may involve convertible notes, mezzanine financing, or strategic partnerships with larger companies.
Private financing is often sought by startups or early-stage companies that may not yet meet the requirements for public offerings or prefer to maintain greater control over their operations. It allows these companies to secure the necessary capital to fund their growth, research and development, marketing efforts, and operational expenses.
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You've just been given the assignment to create presentation slides for a new client. The client, House- You, is a start-up that aims to compete with Airbnb in the private room- and house-rental business. The purpose of the presentation is to pitch the business idea to investors. Discuss five steps for delivering a successful presentation and discuss your options for supporting a presentation with visuals. Your answer should be approximately 100 words
Options for incorporating visuals include using PowerPoint slides, videos, infographics, or images. The objectives should be clear, measurable, and achievable.
Delivering a successful presentation can be achieved by following these five steps:
Step 1: Know Your Audience You should know the background, expectations, and level of knowledge of your audience members.
This will help you to tailor your message to them more effectively and help you to choose visuals that will resonate with them.
Step 2: Develop Clear Objectives You should establish your goals and objectives, as this will guide your research and presentation preparation.
Step 3: Create a Solid Outline To be successful in delivering your presentation, your presentation must be structured and organized, which will enable the audience to follow your message.
Step 4: Design and Incorporate Visuals Supporting a presentation with visuals can be effective in aiding the audience's understanding of your message.
Practicing your delivery and making any necessary changes will help you to identify areas that need improvement.
The more you prepare and practice, the more confident you will be during the actual presentation.
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Prior to the Crown issuing permits for activities such as logging and mining, the duty to consider the rights and title of the Indigenous people is on the third parties who will be completing the work.
Select one:
True
False
The statement "Prior to the Crown issuing permits for activities such as logging and mining, the duty to consider the rights and title of the Indigenous people is on the third parties who will be completing the work" is false.
Explanation:
The Crown is responsible for recognizing and honouring Indigenous rights and title, including prior to issuing permits for activities such as logging and mining. The Crown's duty to consult with Indigenous peoples about proposed activities that could affect their rights and title is grounded in section 35 of the Constitution Act, 1982 and has been further clarified by the Supreme Court of Canada.
Therefore, it is not on the third parties who will be completing the work to consider the rights and title of the Indigenous people. It is the responsibility of the Crown to ensure that Indigenous peoples are consulted and accommodated when it comes to these activities.
Indigenous people are the rightful owners of their land, and their rights and titles should be respected by all. Prior to issuing permits for activities such as logging and mining, it is the Crown's responsibility to consider the rights and title of Indigenous people. This duty is grounded in section 35 of the Constitution Act, 1982, which recognizes and affirms the rights of Indigenous people to their lands, territories, and resources. It is important that Indigenous peoples are consulted and accommodated when it comes to these activities. This is because these activities could have significant impacts on their way of life, culture, and livelihoods. The Crown's duty to consult with Indigenous peoples about proposed activities that could affect their rights and title has been further clarified by the Supreme Court of Canada. As such, it is not on third parties who will be completing the work to consider the rights and title of Indigenous peoples. It is the Crown's responsibility to ensure that Indigenous peoples are consulted and accommodated.
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Which of the following statements summarize the case for free trade based on the theory of comparative advantage?
1 - Each nation should produce goods for which its domestic opportunity cost is lower than that of other nations. 2 - Each nation should exchange the goods it produces at lower opportunity costs for goods that have higher opportunity costs. 3 - Each nation trading will realize the advantages of geographic and human specialization.
The answer to summarize the case for free trade based on the theory of comparative advantage are:
1. Each nation should produce goods for which its domestic opportunity cost is lower than that of other nations.
2. Each nation should exchange the goods it produces at lower opportunity costs for goods that have higher opportunity costs.
3. Each nation trading will realize the advantages of geographic and human specialization.
Comparative advantage is a theory that is widely used to justify free trade. According to this theory, if two countries trade in two different products, the country that has the lower opportunity cost of producing one product should specialize in producing that product while the other country specializes in producing the other product.
Let us now summarize the case for free trade based on the theory of comparative advantage.
1. Each nation should produce goods for which its domestic opportunity cost is lower than that of other nations. This means that each country should specialize in producing those goods that they are most efficient at producing compared to other nations. This leads to increased efficiency and productivity, which is beneficial for all trading nations.
2. Each nation should exchange the goods it produces at lower opportunity costs for goods that have higher opportunity costs. This means that each country should trade the goods that they produce at a lower opportunity cost for goods that they do not produce at a lower opportunity cost. This leads to increased efficiency and productivity, which is beneficial for all trading nations.
3. Each nation trading will realize the advantages of geographic and human specialization. This means that each country can take advantage of its geographic and human resources to specialize in the production of goods that they are best at producing. This leads to increased efficiency and productivity, which is beneficial for all trading nations.
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