On December 31st, 2020, Winterfell Corporation had the following account balances before adjustments: Debit Credit Accounts Receivable 325,000 Allowance for Doubtful Accounts 1,250 Credit Sales 1,645,000 Required Assume that uncollectible accounts are estimated to be 5% of accounts receivables. Prepare the necessary adjusting entry with December 31, 2020 as the entry date. Following the adjusting entry, what is the total that will appear on the Balance Sheet for Allowance for Doubtful Account? Assume that uncollectible accounts are estimated to be 2% of credit sales. Prepare the necessary adjusting entry with December 31, 2020 as the entry date. Following the adjusting entry, what is the total that will appear on the Balance Sheet for Allowance for Doubtful Account?

From the December 31, 2019 balance sheet:

Convertible Preferred Stock, 6% cumulative, $100 par value, 100,000 shares authorized, 50,000 shares issued and outstanding. Dividends to preferred shareholders have been declared on schedule. Each preferred share is convertible to 4 shares of common stock (already adjusted for the 5% stock dividend).

Common Stock, $1 par, 10,000,000 shares authorized, 2,400,000 shares issued and outstanding.

Convertible bonds payable, 6% interest rate, $7,000,000 balance at December 31, 2018, issued at a discount on March 15, 2014. Each of the $1,000 bonds is convertible into 10 shares of common stock (already adjusted for the 5% stock dividend).

compute the Weighted Average Number of Common Shares for WDW Enterprises’ 2020 BASIC EARNINGS PER share

Compute Earnings Available to Common Shareholders for WDW Enterprises’ 2020 BASIC EARNINGS PER SHARE

Compute basic EPS

Determine WDW Enterprises’ 2020 DILUTED EARNINGS PER SHARE. Show computations that determine if any potentially dilutive security is dilutive or antidilutive.  

Computations for Convertible Preferred Stock (Incremental)

Computations for Convertible Bonds Payable (Incremental)

Computations for Stock Options (Incremental)

Weighted Average Number of Common Shares for WDW Enterprises’ 2020 DILUTED EARNINGS PER SHARE?

Earnings Available to Common Shareholders for WDW Enterprises’ 2020 DILUTED EARNINGS PER SHARE?

Compute diluted EPS

INTEGRATED MARKETING COMMUNICATION CASE STUDY

BMW is a German multinational company which produces luxury cars. BMW vehicles are sold mostly to consumers who look for high standards for quality, luxury, and performance which BMW is known for. In Melbourne, there are several BMW dealerships and most new car sales took place through these dealerships after customers take a test drive and have an opportunity to inspect the vehicle and consider different options available. Due to the COVID-19 restrictions, car dealerships including, BMW showrooms, are closed in Melbourne since 6 August. However, the customers may request a test drive or arrange to purchase a car over the phone or reach out to a salesperson via other online methods. This situation will likely continue until December 2020. How could BMW dealerships in Melbourne use the Integrated Marketing Communication approach and its positive brand image to maintain car sales during this period?

Base your answer on information available online and your observations and support it with the theoretical knowledge acquired in the Unit.

Above critical thinking case study and you need analyse it with relevant Integrated Marketing Communication theory learned to identify solutions to the problems in the scenario.

3. Apple’s Worldwide Revenues from 2004 to 2019 is as follows:
Year Worldwide Revenue in Billions
2004 8.2
2005 13.9
2006 19.3
2007 24.6
2008 37.5
2009 42.9
2010 65.2
2011 108.2
2012 156.5
2013 170.9
2014 182.8
2015 233.72
2016 215.64
2017 229.23
2018 265.6
2019 260.17

a. Enter the data above into the tab labeled Apple. Graph the data in Excel and use your graph to determine what kind of time series pattern exist. Put your answer in your spreadsheet.
b. Make the following forecasts for 2020. For all of them, use Mean Squared Error to determine which of the forecasts is the best. Make sure your answers are clearly labeled.
i. Naïve forecast from one prior time period
ii. Calculate a 4-period moving average
iii. Calculate a 3-period moving average with the following weights for time t: time period t-1=0.8, t-2 = 0.15, t-3=.05
c. In the tab called Apple Smoothing, use the data from 3. to forecast 2020 using an alpha equal to 0.7, 0.8, and 0.9. Using MSE, which one offers the best estimate for 2020?
d. In the tab called Apple Regression, use the information from 3. and run a regression to determine your forecast for 2020
i. Put your regression output in F1 of the same workbook.
ii. Calculate what your forecast is for 2020 in F21.
iii. How does well does this regression equation predict revenue? Write your answer in F22. In addition, explain what your numerical answer means in words.

CHINA TARGETING 8% GROWTH IN 2010
At the beginning of 2010 the Chinese government announced that it was targeting 8% growth for the economy
again, despite the global recession. The target had been 8% for a number of years and the government had
always met it.
About 9% growth is expected in 2010 thanks to huge government fiscal and monetary stimulus measures. The
Chinese economy is the third largest in the world. Forecasts for economic growth made by the International
Monetary Fund for 2010 included China 9.2%, UK 0.9%, Japan 1.7%, US 1.5% and India 6.4%. However,
government officials in China recognized that growth was not guaranteed. China relies heavily on exports and
so is vulnerable to economic change elsewhere in the world.
Adapted: Gillespie, A (2013), Business Economics, Oxford University Press
QUESTION 1 (25)
1.1 Discuss what is meant by economic growth and why is economic growth often important to governments.
(10)
1.2 8% is relatively fast economic growth by international standards for China. Critically evaluate the sources of
economic growth for China and why the country set such as high target?

(a) Give a definition of a closed set.

(b) Show, directly from the definition, that a union of finitely many closed sets is closed.

(c) Give an example of a countable collection of closed intervals In such that ∪ n=1 to ∞ I_n is open (make sure to prove it).

1. A Consumer Expenditure Survey in Fancyville shows that people only consume bananas, cupcakes and sushi. The Consumer Expenditure Survey for both 2009 and 2010 are in the table above. The base year is 2009.
   1. What and how much is in the CPI market basket?

2. What did the CPI market basket cost in 2009? What was the CPI in 2009?

3. What did the CPI market basket cost in 2010? What was the CPI in 2010?

4. What was the inflation rate between 2009 and 2010?

Set out below is the summarised statement of financial position of Berlin plc at 1 January 2010 K ASSETS Non-Current Assets Property, plant and equipment 250,000 Current Assets 150,000 Total Assets 400,000 EQUITY AND LIABILITIES Capital and Reserves Share Capital - K5 shares 200,000 Retained Earnings 80,000 280,000 Current liabilities 120,000 Total Equity and Liabilities 400,000 On 1/1/2010 Berlin acquired 100% of the shares of Hanover for K100, 000 and gained control. Required Prepare the statement of financial position of Berlin immediately after the acquisition if: (a) Berlin acquired the shares for cash. (b) Berlin issued 10,000 common shares of K5 (market value K10.). 4. Describe the requirement of IFRS 3 in relation to the revaluation of a subsidiary company's assets to fair value at the acquisition date.

On 1 January 2010, the CB Company purchased for $18000, new vehicle. The delivery cost was a $2000. CB estimated the vehicle will have a residual value of $2000 at the end of its useful life of 6 years. CB Company estimated the vehicle could drive 180,000 km. The vehicle was driven 10,000 km during the year ending at 30 June 2010; 20000 km in the year ending 30 June 2011; 5000 km in the year ending 30 June 2012.

Required: A) Prepare journal entries to record the depreciation for the first 3 years( assume straight line method is used)

B) Prepare the journal entry to record the sale of the vehicle for $3500 on 30 June 2012 using the reducing balance method.

C) Assuming straight line method was used, CB ltd sold the vehicle after one year for $18000. Record the transaction.