Questions
Select one of the elements of the Customer Development Manifesto, select what you believe is particularly...

Select one of the elements of the Customer Development Manifesto, select what you believe is particularly critical for founders. Why is it critical? Could you be a successful founder without it? Why or why not?

In: Economics

The audit team completed the field work on 22 July 2020. The audit report was signed...

The audit team completed the field work on 22 July 2020. The audit report was signed on 5 August by Charles Kirby. The financial statements were signed by the BoD on the same day, which was subsequently released to shareholders on 12 August 2020. During the review of subsequent events, you noted the following material events:

1) Cook’s Furniture Ltd has purchased a property in Adelaide Australia on 20 July 2020 for AUD 3,200,000 and intended to use it as a showroom. The company borrowed AUD 2,000,000 to finance the purchase. The company plans to take the opportunity of the current low interest rate to expand its property acquisitions

. 2) The company applied for Wages Subsidy scheme on 4 April and was granted 70,000. On 7 August, the BoD received a letter from the government requesting the company to pay back the Wages Subsidy with interests citing the reason that the company did not qualify.

3) The company was experiencing delays in its supply chain from overseas suppliers from March to May 2020, which resulted longer lead times in filling customer orders. On 31 July, a customer filed a lawsuit against the company suing for damages of $300, 000. Because of the delay, this customer could not open business on time and suffered income loss. REQUIRED:

For each of the above subsequent event:

a) Explain the potential impact on the 2020 financial statements.

b) Discuss audit procedures that may verify the potential impact on the 2020 financial statements.

In: Accounting

You are the Chief Operating Officer for a company that manufactures medical-grade face masks. The CEO...

You are the Chief Operating Officer for a company that manufactures medical-grade face masks. The CEO of the company has asked you to recommend which of the lean production methods we should use as a result of the huge increase in demand for our masks. Include in your recommendation a good name for our company and be sure to address several arguments and counter-arguments.

In: Operations Management

My Major: MBA in Financial Engineering Thesis Topic : The Impact of Block Chain Technology on...

My Major: MBA in Financial Engineering

Thesis Topic : The Impact of Block Chain Technology on Financial Markets,

Kindly provide with research questions for my thesis topic please?

In: Accounting

Is the institution we call Wall Street a “structure of sin,” and how about even MBA...

Is the institution we call Wall Street a “structure of sin,” and how about even MBA programs being structures of sin? Write a one page answer on your thoughts.

In: Finance

Discuss the role and implementation of Material Control and Accountancy in the context of nuclear safeguards....

Discuss the role and implementation of Material Control and Accountancy in the context of nuclear safeguards. Describe the purpose, use, and implementation of Key Measurement Points (KMP) and Material Balance Areas (MBA).

In: Mechanical Engineering

Critically analyze, how any University should price its MBA program given its dual aim of brand...

Critically analyze, how any University should price its MBA program given its dual aim of brand building and profitability by using Pricing Strategies and Program?

In: Operations Management

1) Briefly describe the three primary risk mitigation strategies based on the idea of flexibility that...

1) Briefly describe the three primary risk mitigation strategies based on the idea of flexibility that supply chain managers can use. Supply Chain Management MBA Course

In: Operations Management

What text or resources will be good to use for MBA 560 Financial and Managerial Accounting?...

What text or resources will be good to use for MBA 560 Financial and Managerial Accounting? I am looking for resources that will help me with the mathematical portion for my upcoming class.

In: Finance

On January 1, 2020, Blossom Company makes the two following acquisitions. 1. Purchases land having a...

On January 1, 2020, Blossom Company makes the two following acquisitions.

1. Purchases land having a fair value of $160,000 by issuing a 4-year, zero-interest-bearing promissory note in the face amount of $251,763.
2. Purchases equipment by issuing a 7%, 8-year promissory note having a maturity value of $270,000 (interest payable annually).


The company has to pay 12% interest for funds from its bank.

(a) Record the two journal entries that should be recorded by Blossom Company for the two purchases on January 1, 2020.
(b) Record the interest at the end of the first year on both notes using the effective-interest method.

A) 1.

Jan 1 2020 ACC. Dr CR

2.

Jan 1 2020 acc DR CR

B) 1.

Dec 31 2020 acc Dr Cr

2.

Dec 31 2020 acc DR CR

In: Accounting