In: Operations Management
A California wine company is committed to selling €3,400,000 of inventory in December 2020 to a customer based in Amsterdam. The US Company wants to protect itself against a decline in profit that would result from foreign exchange. The current futures price is $1.1220, how would it hedge?
Sketch out the cash flows of the hedged position (in US$) assuming the following scenarios. A. St = F0 B. St = F0 - $0.12 C. St = F0 + $0.12
In: Finance
PC-World is a U.S. manufacturer of personal computers. The CEO is looking at opportunities for off-shore production. The selection of the country where PC-World will establish a production facility will depend on the following two factors: 1. The local wage in US$ terms; and 2. The rate of unemployment. According to the CEO, a low wage country will give the company a cost advantage, while a high unemployment rate will mean that there are plenty of workers available to work at the manufacturing facility. How would you advice the CEO regarding the use of these two indicators as the selection criteria?
In: Economics
Select three corporations and research their present financial position (on target, below target, etc.) and plans for the future. For example: You would give some figures on GM and then go into their present/future plans. Then state direction of the company: In a recent interview, General Motors Chairwoman and CEO Mary Barra, discussed the self-driving Chevrolet Bolt EV which was manufactured in Detroit and makes GM the first automaker to mass produce self-driving vehicles. Looking for facts and figures (not an annual report, but dollars and percentages, etc.) on how the company is doing now and their prediction for the future. There should be at least a good size paragraph PER company.
In: Economics
4.WeWork, a New York company that subleases office space, announced that it withdrew its IPO on 9/30/2019 after facing sharp criticism from investors following the release of its IPO filing. The company has raised billions of dollars from private investors, including SoftBank Group Corp., at a $47 billion valuation. But when the company announced an IPO plan on August 14, it was considering seeking a valuation of about $20 billion, which is less than half of the valuation estimated by its private capital. Its co-founder, Adam Neumann, stepped down as CEO on 9/24 and gave up his majority voting control. So, based on what you have read, how has the company managed to raise significant amounts of capital from investors and ever-increasing valuation levels? What went wrong in WeWork’s valuation in IPO? What would you do now, given the cash flow requirements of WeWork going forward (move ahead with an IPO at a lower valuation, subscribe to equity directly to support We's efforts to raise a loan, etc.)?
In: Accounting
Interview an upper level manager (e.g., CEO, CFO, CID, IT manager) in a hospital, or other health care facility that has instituted electronic medical records. Your interview should be 30 mintues in lenght and may be completed face-to-face or over the phone. The interview should focus on the implementation of the EMR system, including: factors that influenced the organization to institute the EMR system. Resistance to the decision-making process. Obstacles experienced during the inital EMR rollout. Overall impact on quality in health care since instituting the EMR.
Write a 1000, 1,250 word paper summarizing the interview and the interviewee's perspectives on the four points above. This paper should also include a brief history of electronic medical records in the health care industry. How does the information gained in the interview match up with your readins/research on the subject? This paper should cite at least three references, and should be in APA 6th edition.
In: Nursing
Conduct a formal test to determine if the proportion of students identifying as African-Americans differs significantly from the proportion published in US News. Use an α=0.05. Be sure to include each of the four steps of hypothesis testing. Do not use excel.
In: Statistics and Probability
On January 1, 2019, Jasper Company acquired 400,000 of Huckleberry Company's 1,000,000 shares at a cost of $1,600,000 and began applying the equity method. At the time, Huckleberry Company's equity included $2,000,000 of capital stock and $2,000,000 of retained earnings. During year Year One, Huckleberry Company reported a $500,000 income, but did not pay any dividends. On January 2, 2020, Jasper acquired an additional 200,000 shared of Huckleberry at a price of $6 per share. At what time should Blue value its investment in Huckleberry on January 2, 2020?
$2,800,000
$3,000,000
$2,600,000
None of the above
In: Accounting
Which of the following transactions would be acceptable as a provision under IAS 37?
XY decided to reorganise a manufacturing facility during June 2020 and commissioned a consulting engineer to undertake a feasibility study.
A provision of $2 million for the reorganisation was created as at 31 August 2020. In September 2020, AB contracted with a training company to provide essential training for its workforce to be carried out in October and November 2020.
A provision for the necessary expenditure was created in its accounts at 31 August 2020.
CDE was ordered by its local authority in October 2020 to carry out an environmental clean-up in 2021 following pollution from one of its factories.
GY acquired HT and provided for likely future operating losses at the date of acquisition amounting to $250,000.
In: Accounting
On December 31, 2019, Sumner Company held Wall Company bonds in its portfolio of trading securities. The bonds have a par value of $40,000, carry a 10% annual interest rate, mature in 2026, and had originally been purchased at par. The market value of the bonds on December 31, 2019 was $38,000.
On January 1, 2020, Sumner acquired bonds of Doherty Company with a par value of $30,000 for $30,200. The Doherty Company bonds carry an annual interest rate of 12% and mature on December 31, 2024. Additionally, on the same date, Sumner acquired Maggio Company bonds with a face value of $20,000 for $19,500. The Maggio Company bonds carry an 8% annual interest rate and mature on December 31, 2029. At the end of 2020, the respective market values of the bonds were: Wall, $39,000; Doherty, $31,000; and Maggio, $21,000. Sumner classifies all of the debt securities as trading. Assume that Sumner uses the straight-line method to amortize any discounts or premiums.
Required:
| 1. | Prepare the journal entries necessary to record the purchase of the investments on January 1, 2020, the annual interest payments on December 31, 2020, and the adjusting entry needed on December 31, 2020. |
| 2. | What would Sumner disclose on its December 31, 2020, balance sheet related to these investments? |
In: Accounting