Match the description with the correct term. Answers can be used more than once!  

Group of answer choices

Crayfish fight each other to determine which male will mate with females. They fight by charging each other and clashing their claws together. The male with bigger claws usually wins. What is this describing?

      [ Choose ]            Evolutionary trade-off            Intersexual selection            Stabilizing selection            Intrasexual selection            Founder effect      

In a small group of people living in a remote area, there is a high incidence of “blue skin”, a condition that results from a variation in the structure of hemoglobin. All of the “blue-skinned” residents can trace their ancestry to one couple, who were among the original settlers of this region. The unusually high frequency of “blue skin” in the area is an example of

      [ Choose ]            Evolutionary trade-off            Intersexual selection            Stabilizing selection            Intrasexual selection            Founder effect      

Robins typically lay four eggs during each reproductive event. If more than four chicks are hatched, each may be malnourished, and if fewer than four chicks are hatched, it may result in too few viable offspring to pass on the parent’s genes. This is an example of [ Choose ]            Evolutionary trade-off            Intersexual selection            Stabilizing selection            Intrasexual selection            Founder effect   

Question 4.

While many economies were shut down during the pandemic, most firms suffer while a small number of these firms might extinct forever. On the other hand, some firms in selected industries actually thrived during this economic environment.

Boeing, which had been going through a crisis of its own with its 737 Max even before the pandemic, reported a US641 million loss for the first quarter of this year. Around the same time, Boeing borrowed an addition US$25 BILLION of new debt.

Apple Computers also borrowed US$8 billion of new debt in May 2020. For 2019, Apple’s net income was US$55 billion, has operating cash flow of US$69 billion, has cash and equivalent of US$66 billion and total asset of US$339 billion at year end.

(1) List and explain the benefits that firms could achieve from use of debt financing. (X marks)

(2) List and discuss some potential costs of using debt financing. (X marks)

(3) Apple Computers is a very successful firm despite the pandemic. Why would Apple want to borrow money at this time? Would borrowing money at this time indicate a sign of weakness to the investing community?

Additional Information:

12. Patents were acquired at a cost of $80 000 on 1 July 2016. They have an estimated life of 16 years, of which 12 years remain on 30 June 2020.
13. The brand name is stated at fair value and is internally generated.
14. The licence, acquired one year ago, has a 10-year life of which nine years remain. The licence can be traded in an active market and has a fair value of 1.1 million.

Some of the treatments by XYZ may be inconsistent with the accounting standards AASB 138 “Intangible Assets”.

REQUIRED:

For EACH intangible asset, specify and briefly justify the following accounting decisions in accordance with AASB 138 ‘Intangible Assets’:

1. How should the intangible asset be initially recognized?
2. What is the appropriate subsequent measurement basis (i.e., measurement model) of the recognised asset?
3. Is the recognised asset subject to amortization?

4. Calculate the carrying amount of each asset at 30 June 2020. No journal entry is required.

4. Consider what you would do to get an interview with a person currently employed in the occupation you are considering. Describe how you would carry out a “Design Interview” to further understand the nature of this occupation and to penetrate the hidden job market (i.e. how you would go about contacting the person, location of interview, purpose of interview, 3 examples of questions you might ask, how would you penetrate the hidden job).

Todd Parks is the newly appointed CEO of a manufacturing company. He is having a hard time understanding why the reports that he is getting from the accounting department regarding the production costs do not seem to match the financial statements. In a memo, explain the difference between costs reported on financial statements and in his managerial accounting reports.

Chapter 13 discusses various types of bonds. For this discussion, choose two types of bonds you would invest in.

• Provide the strengths and weaknesses of each of the bonds that you have chosen.
• Explain why you have chosen the two bonds,

Reference

Franklin, M. Graybeal, P. & Cooper, D. (2020). Principles of accounting, volume 1: Financial accounting. Open Stax Rice University.

Stephenson Real Estate Company was founded 25 years ago by the current CEO, Robert Stephenson. The company purchases real estate, including land and buildings, and rents the property to tenants. The company has shown a profit every year for the past 18 years, and the shareholders are satisfied with the company’s management. Prior to founding Stephenson Real Estate, Robert was the founder and CEO of a failed alpaca farming operation. The resulting bankruptcy made him extremely averse to debt financing. As a result, the company is entirely equity financed, with 9 million shares of common stock outstanding. The stock currently trades at $37.80 per share.

Stephenson is evaluating a plan to purchase a huge tract of land in the southeastern United States for $95 million. The land will subsequently be leased to tenant farmers. This purchase is expected to increase Stephenson’s annual pretax earnings by $18.75 million in perpetuity. Jennifer Weyand, the company’s new CFO, has been put in charge of the project. Jennifer has determined that the company’s current cost of capital is 10.2 percent. She feels that the company would be more valuable if it included debt in its capital structure, so she is evaluating whether the company should issue debt to entirely finance the project. Based on some conversations with investment banks, she thinks that the company can issue bonds at par value with a 6 percent coupon rate. From her analysis, she also believes that a capital structure in the range of 70 percent equityy30 percent debt would be optimal. If the company goes beyond 30 percent debt, its bonds would carry a lower rating and a much higher coupon because the possibility of financial distress and the associated costs would rise sharply. Stephenson has a 40 percent corporate tax rate (state and federal).

1. If Stephenson wishes to maximize its total market value, would you recommend that it issue debt or equity to finance the land purchase? Explain.

2. Construct Stephenson’s market value balance sheet before it announces the purchase.

3. Suppose Stephenson decides to issue equity to finance the purchase.

What is the net present value of the project?

Construct Stephenson’s market value balance sheet after it announces that the firm will finance the purchase using equity. What would be the new price per share of the firm’s stock? How many shares will Stephenson need to issue to finance the purchase?

Construct Stephenson’s market value balance sheet after the equity issue but before the purchase has been made. How many shares of common stock does Stephenson have outstanding? What is the price per share of the firm’s stock?

Construct Stephenson’s market value balance sheet after the purchase has been made.

4. Suppose Stephenson decides to issue debt to finance the purchase. What will the market value of the Stephenson company be if the purchase is financed with debt?

Construct Stephenson’s market value balance sheet after both the debt issue and the land purchase. What is the price per share of the firm’s stock?

5. Which method of financing maximizes the per-share stock price of Stephenson’s equity?

The following information relates to the intangible assets of University Testing Services (UTS): a. On January 1, 2018, UTS completed the purchase of Heinrich Corporation for $3,510,000 in cash. The fair value of the net identifiable assets of Heinrich was $3,200,000. b. Included in the assets purchased from Heinrich was a patent valued at $82,250. The original legal life of the patent was 20 years; there are 12 years remaining, but UTS believes the patent will be useful for only seven more years. c. UTS acquired a franchise on July 1, 2018, by paying an initial franchise fee of $333,000. The contractual life of the franchise is 9 years. 1. Record amortization expense for the intangible assets at December 31, 2018. 2. Prepare the intangible asset section of the December 31, 2018, balance sheet.

Black Co. acquired 100% of Blue, Inc. on January 1, 2020. On that date, Blue had land with a book value of $38,000 and a fair value of $49,000. Also, on the date of acquisition, Blue had a building with a book value of $250,000 and a fair value of $460,000. Blue had equipment with a book value of $340,000 and a fair value of $280,000. The building had a 10-year remaining useful life and the equipment had a 5-year remaining useful life. How much total expense will be in the consolidated financial statements for the year ended December 31, 2020 related to the acquisition allocations of Blue

Is my writing for this email correct?

I mean academy and grammar. (you can edit and add any sentence)

I hope you will help me in drafting this e-mail

Dear Prof. Joseph.

I hope you are doing well.

As you know, I received an email from the decision-making center stating that it is necessary to update the Academic Technology Approval Scheme (ATAS) certificate which ended on July 15,2020. Consequently, I have applied for the ATAS online to UKVI on October 19, 2020, and I am waiting for this to be granted, and because it takes a long time to issue a new ATAS certificate, about 20 days, I was in contact with Dr. Muller over the past days to request a quicker review of my new ATAS submission with the ATAS Department. However, I received an email from him last Friday (attached) explaining that this is not possible; that unfortunately ATAS is located in a different governmental organization, so they are unable to request a quicker review of my new ATAS submission. And I have to wait.

Regarding his indication that I can start a PhD remotely, I told him that I have been in constant contact with you throughout the Corona pandemic and that I have already been reviewing what is being published regarding my research topic throughout this period; and that I am still continuing to do so, which makes me shorten the first beginnings upon my arrival at Manchester University.

I am sure that you know the reasons for my inability to attend the university in the past, beginning with the closure of borders and the suspension of international flights because of Coronavirus pandemic. At the present I am following up with the decision-making center regarding the re-issuance of an alternative visa as I could not enter the UK during the period shown with earlier visa (from 21/03/2020 to 20/04/2020).

Given the circumstances, I humbly assure you that I will let you know when I get a response to my ATAS submission.

Thanks, and Best regards

Nada