Questions
1. Online Payment (Apple Pay / Venmo) a) Define this digital marketing tactic today. b) Share...

1. Online Payment (Apple Pay / Venmo)

a) Define this digital marketing tactic today.

b) Share (what is) the innovation relating to this tactic.

c) How this could be used for marketing in the future?

In: Operations Management

How do you describe Organizational Culture? Explain how we will manage organizational culture and innovation in...

How do you describe Organizational Culture? Explain how we will manage organizational culture and innovation in the future. Please provide academic references and scholarly insight to support your suggestions.

In: Operations Management

Q. Discuss factors affecting the adoption of environmentally friendly technological innovation among firms. From your perspective...

Q. Discuss factors affecting the adoption of environmentally friendly technological innovation among firms. From your perspective what is the most important factor with realistic examples? (maximum 400 words )

In: Operations Management

Culver Corporation had the following long-term receivable account balances at December 31, 2019. Notes receivable $1,850,000...

Culver Corporation had the following long-term receivable account balances at December 31, 2019.

Notes receivable $1,850,000
Notes receivable - Employees 500,000


Transactions during 2020 and other information relating to Culver's' long-term receivables were as follows:

1. The $1,850,000 note receivable is dated May 1, 2019, bears interest at 9%, and represents the balance of the consideration received from the sale of Culver's's electronics division to Sunland Company. Principal payments of $616,667 plus appropriate interest are due on May 1, 2020, 2021, and 2022. The first principal and interest payment was made on May 1, 2020. Collection of the note instalments is reasonably assured.
2. The $500,000 note receivable is dated December 31, 2019, bears interest at 8%, and is due on December 31, 2022. The note is due from Marcia Cumby, president of Culver Corporation, and is secured by 10,000 Culver's common shares. Interest is payable annually on December 31, and the interest payment was made on December 31, 2020. The quoted market price of Culver's's common shares was $45 per share on December 31, 2020.
3. On April 1, 2020, Culver's sold a patent to Blossom Company in exchange for a $200,000 non–interest-bearing note due on April 1, 2022. There was no established exchange price for the patent, and the note had no ready market. The prevailing rate of interest for a note of this type at April 1, 2020, was 12%. The present value of $1 for two periods at 12% is 0.79719 (use this factor). The patent had a carrying amount of $38,000 at January 1, 2020, and the amortization for the year ended December 31, 2020 would have been $7,000. The collection of the note receivable from Blossom is reasonably assured.
4. On July 1, 2020, Culver's sold a parcel of land to Splish Brothers Inc. for $220,000 under an instalment sale contract. Splish Brothers made a $62,000 cash down payment on July 1, 2020, and signed a four-year, 11% note for the $158,000 balance. The equal annual payments of principal and interest on the note will be $50,927, payable on July 1, 2021, through July 1, 2024. The land could have been sold at an established cash price of $200,000. Culver's had paid $155,000 for the land when it purchased it. Collection of the instalments on the note is reasonably assured.
5. On August 1, 2020, Culver's agreed to allow its customer, Saini Inc., to substitute a six-month note for accounts receivable of $200,000 it owed. The note bears interest at 6% and principal and interest are due on the note’s maturity date.


Click here to view the factor table PRESENT VALUE OF 1.
Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1.

The tables in this problem are to be used as a reference for this problem. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

Describe the relevant cash flows in terms of amount and timing.

Cash inflows from notes
2020 2021 2022 2023 2024
1. 9% Note receivable
Principal $ $ $ $ $
Interest
2. 8% Note receivable
Principal
Interest
3. Non-interest-bearing note receivable
Payment
4. Instalment contract receivable
Down payment
Payment
5. 6% Note receivable
Principal
Interest
Total $ $ $ $ $

  

  

Determine the amount of interest income that should be reported in 2020. (Round answers to 0 decimal places, e.g. 8,971.)

Note Receivable $
Note Receivable—Employees $
Zero-interest-bearing Note—Patent $
Instalment Contract—Sale of Land $
Note Receivable - Saini $
Total Interest Income reported in 2020 $

  

  

Determine the portion of the note and any interest that should be reported in current assets at December 31, 2020. (Round answers to 0 decimal places, e.g. 9,871. Do not leave any answer field blank. Enter 0 for amounts.)

Current portion of 9% notes receivable $
Current portion of 8% notes receivable $
Non-interest-bearing note receivable $
Current portion of instalment contract $
Note receivable from customer $
Total current notes and interest $

  

Determine the portion of the note that should be reported as a long-term investment at December 31, 2020. (Round answers to 0 decimal places, e.g. 8,971.)

Note receivable $
Note receivable—Employees $
Zero-interest-bearing Note—Patent $
Instalment Contract—Sale of Land $
Total long-term investment $

eTextbook and Media

  

  

Prepare the long-term receivables section of Culver's statement of financial position at December 31, 2020. (Round answers to 0 decimal places, e.g. 8,971.)

Culver Corporation
Long-Term Receivables Section of Statement of Financial Positon
December 31, 2020
9% note receivable from sale of division $
8% note receivable from employees
Zero-interest-bearing note from sale of patent
Instalment contract receivable
Total long-term receivables $

  

  

Prepare a schedule showing the current portion of the long-term receivables and accrued interest receivable that would appear in Culver's's statement of financial position at December 31, 2020. (Round answers to 0 decimal places, e.g. 8,971.)

Culver Corporation
Selected Statement of Financial Positon Balances
December 31, 2020
Note receivable from customer $
Current portion of long-term receivables:
Note receivable from sale of division $
Instalment contract receivable
     Total current portion of long-term receivables $
Accrued interest receivable:
Note receivable from sale of division $
Instalment contract receivable
Note receivable from customer
     Total accrued interest receivable $

  

In: Accounting

On January 1, 2007 Brown issued 10 million stock options that would permit key executives to...

On January 1, 2007 Brown issued 10 million stock options that would permit key executives to buy 10 million shares of the Brown’s $1 par value common stock at an exercise price of $15. The options vest after 5 years and expire in 15 years. The fair value of these options on the grant date was estimated at $4 each.

During 2010 Brown Company reacquired 15 million common shares as follows:

       2/1/2010       3 million shares at $10 each

       4/15/2010     4 million shares at $20 each

       6/1/2010       8 million shares at $30 each

On January 1, 2012 the stock price was $32 per share, and half the executives exercised their options. On Feb 1, 2013 the stock price was $45 per share, and the other half of the executives exercised their options.

Assume that Brown reissues treasury shares to executives that exercise options, and that it is using the first-in first-out cost flow method.

Required:

1. Prepare the journal entry for compensation expense in 2007.

2. Prepare the journal entries to record the shares repurchase during 2010.

3. Prepare the journal entries to record the exercise of the options on 1/1/2012 and on 2/1/2013.

In: Accounting

Under indirect inventory accounting the following records provided in Table 4 and the Inventory Footnote is...

Under indirect inventory accounting the following records provided in Table 4 and the Inventory Footnote is taken from Satin financial statements (amounts in thousands):

                  

       Table 4

Inventory Valuation Numbers for Satin Co. in USD

#

Text

12/31/2010

12/31/2009

1

Inventory at LIFO

219,686

241,154

2

Cost of goods sold

754,661

675,138

3

Stockholders’ Equity

242,503

242,712

4

Net Income

31,185

64,150

5

Tax rate

37%

37%

Inventory Footnote: If the first-in, first-out method of accounting for inventory had been used, inventory would have been approximately $26.9 million and $25.1 million higher than reported at 12/31/2010 and 12/31/2009, respectively. Please

  1. Calculate what inventory would have been at 12/31/2010 and 12/31/2009 had the FIFO inventory method been used.

  2. What would net income for the year ended 12/31/2010, have been if the FIFO inventory method had been used?

  3. Calculate what stockholders' equity would have been at 12/31/2010 and 12/31/2009 had the FIFO inventory method been used.

In: Accounting

Use the following information for Taco Swell, Inc., (assume the tax rate is 34 percent): 2010...

Use the following information for Taco Swell, Inc., (assume the tax rate is 34 percent): 2010 2011 Sales $ 11,573 $ 12,936 Depreciation 1,661 1,736 Cost of goods sold 3,979 4,707 Other expenses 946 824 Interest 776 926 Cash 6,067 6,466 Accounts receivable 8,034 9,427 Short-term notes payable 1,171 1,147 Long-term debt 20,320 24,636 Net fixed assets 50,888 54,273 Accounts payable 4,384 4,644 Inventory 14,283 15,288 Dividends 1,411 1,618 Prepare a balance sheet of this company for 2010 and 2011. (Be sure to list the accounts in order of their liquidity.) TACO SWELL, INC., Balance Sheet as of Dec. 31 2010 2011 Assets $ 6067 $ 6466 8034 9427 14283 15288 Current assets Total assets $ $ Liabilities $ 4384 $ 4644 1171 1147 Current liabilities Total liabilities & owners' equity $ $ Prepare an income statement for this company for 2010 and 2011. (Round your answers to 2 decimal places. (e.g., 32.16)) TACO SWELL, INC., Income Statement 2010 2011 Sales $ $ COGS Other expenses Depreciation EBIT $ $ Interest EBT Taxes (34%) Net income Dividends $ $ Additions to RE ReferenceseBook & Resources

In: Finance

A Gallup Poll released in December 2010 asked 1019 adults living in the Continental U.S. about...

A Gallup Poll released in December 2010 asked 1019 adults living in the Continental U.S. about their belief in the origin of humans. These results, along with results from a more comprehensive poll from 2001 (that we will assume to be exactly accurate), are summarized in the table below:

Response Year: 2010 Year: 2001
Humans Evolved with God guiding (1) 38% 37%
Humans evolved but God had no part in the process (2) 16% 12%
God created humans in present form (3) 40% 45%
Other / No opinion (4) 6% 6%

Calculate the actual number of respondents in 2010 that fall in each response category as well as the expected number, assuming that the population follows the 2001 distribution. (please round to the nearest whole number)

Response Observed 2010 Expected 2010
Humans Evolved with God guiding (1)
Humans evolved but God had no part in the process (2)
God created humans in present form (3)
Other / No opinion (4)

Conduct a chi-square test and state your conclusion.

The value of the test statistic is: .... (please round to two decimal places)

The p-value for this test is: .... (please round to four decimal places; you can use CHISQ.DIST Excel function)

State the conclusion.

In: Math

suppose that for every pair of disjoint closed sets A and B of X there exist...

suppose that for every pair of disjoint closed sets A and B of X there exist a countinous function f:X-> {0,1} such that f(A)={0} and f(B)={1}. show one point set is closed in X.

In: Advanced Math

4. Identify situations where open-ended questions are more appropriate than closed-ended questions. Think about the advantage...

4. Identify situations where open-ended questions are more appropriate than closed-ended questions. Think about the advantage of using closed-ended questions over open-ended questions?

In: Math