The largest magazine publisher in the U.S., Pressworks Inc., acquired a cloud-based data science marketing company FlowData Stream for $220 million in January 2020. Pressworks Inc. is a legacy paper-based magazine publisher that has been in business for more than 50 years. Over the years, the company has been able to manage through the digital transformation of traditional print business, but it has not been easy. Over the last 8 years, Pressworks Inc. has downsized its print operations to manage expenses, while maintaining some major global fashion magazine brands. Several of Pressworks Inc’s print magazine customers have also begun to scale-back their print circulations while ramping up their digital transformations. Many of Pressworks Inc.’s traditional customers have questioned the company’s ability to skillfully transition from print to digital. FlowData Stream helps businesses of all sizes manage ad spend and maximize their online advertising budget on platforms including Google Ads, Bing, and Facebook. They develop complex, customized algorithms that provide several different data points that allow customers to better understand targeted buyers’ behavior. FlowData Stream has a strong computer science and engineering team that have consistently changed the way advertisers reach desired target markets. The company manages approximately one billion dollars in advertising spend for tens of thousands of companies across the world. FlowData Stream is estimated to generate $85 million in revenue and $25 million in earnings this year.

Given this information, answer the following question. Describe four different reasons why Pressworks Inc. would purchase FlowData Stream. Please discuss why these four reasons are of interest to Pressworks Inc

A straight, vertical wire carries a current of 1.25 Adownward in a region between the poles of a large superconducting electromagnet, where the magnetic field has a magnitude of B = 0.560 Tand is horizontal.

Part A

What is the magnitude of the magnetic force on a section of the wire with a length of 1.00 cm that is in this uniform magnetic field, if the magnetic field direction is east?

B

What is the direction of the magnetic force on a section of the wire with a length of 1.00  that is in this uniform magnetic field, if the magnetic field direction is east?

Part C

What is the magnitude of the magnetic force on a section of the wire with a length of 1.00 cm that is in this uniform magnetic field, if the magnetic field direction is south?

D

What is the direction of the magnetic force on a section of the wire with a length of 1.00 cm that is in this uniform magnetic field, if the magnetic field direction is south?

Part E

What is the magnitude of the magnetic force on a section of the wire with a length of 1.00 cm that is in this uniform magnetic field, if the magnetic field direction is30.0 ∘ south of west?

Part F

What angle will the magnetic force on this segment of wire make relative to the north, if the magnetic field direction is 30.0 ∘ south of west?

Consultex, Inc. was founded in 2012 as a small financial consulting business. The company had done reasonably well in 2012–2014 but started noticing its cash dwindle early in 2015. In January 2015, Consultex had paid $20,500 to purchase land and repaid $2,000 principal on an existing promissory note. In March, the company paid $2,900 cash for dividends and $1,000 to repurchase and eliminate Consultex stock that had previously been issued for $1,000. To improve its cash position, Consultex borrowed $5,900 by signing a new promissory note in May and also issued stock to a new private investor for $12,900 cash. Year-end comparative balance sheets and income statements are presented below. CONSULTEX, INC. Balance Sheet October 31 2015 2014 Assets Cash $ 9,570 $ 15,800 Accounts Receivable 15,800 12,900 Prepaid Rent 2,450 3,900 Land 30,500 10,000 Total Assets $ 58,320 $ 42,600 Liabilities and Stockholders’ Equity Salaries and Wages Payable $ 2,450 $ 3,900 Income Taxes Payable 1,000 1,000 Notes Payable (long-term) 16,800 12,900 Common Stock 21,800 9,900 Retained Earnings 16,270 14,900 Total Liabilities and Stockholders’ Equity $ 58,320 $ 42,600 CONSULTEX, INC. Income Statement For the Year Ended October 31 2015 2014 Sales Revenue Salaries and Wages Expense $ 162,500 $ 165,500 Rent Expense 98,900 97,900 Prepaid Rent 36,900 30,900 Utilities Expenses 20,600 20,900 Income before Income Tax Expense $ 6,100 $ 15,800 Income Tax Expense 1,830 4,740 Net Income 4,270 11,060 Required: Prepare a properly formatted Statement of Cash Flows for Consultex, Inc. for the year ended October 31, 2015 (using the indirect method). (Amounts to be deducted should be indicated with a minus sign.)

1. On December 31, 2019, the balance sheet for Chowdhury Inc., includes the liabilities listed below:
   1. 11% callable bonds (call price 101) with a face amount of $40 million were issued for $40 million on October 31, 2010. The bonds mature on October 31, 2030, at a redemption price of $40 million. Market conditions are such that the call is not expected to be exercised.
   2. Management intended to refinance $6 million of its 10% notes that mature in May 2020. In early March, prior to the actual issuance of the 2019 financial statements, Chowdhury Inc., negotiated a line of credit with a commercial bank for up to $5 million any time during 2020. Any borrowings will mature two years from the date of borrowing.
   3. Noncallable 12% bonds with a face amount of $20 million were issued for $20 million on September 30, 2000. The bonds mature on September 30, 2020. Sufficient cash is expected to be available to retire the bonds at maturity.
   4. A $12 million 9% bank loan is payable on October 31, 2025. The bank has the right to demand payment after any fiscal year-end in which Chowdhury’s ratio of current assets to current liabilities falls below a contractual minimum of 1.7 to 1 and remains so for six months. That ratio was 1.45 on December 31, 2019, due primarily to an intentional temporary decline in inventory levels. Normal inventory levels will be reestablished during the first quarter of 2020.

Required:

1. For items a – d determine the amount that can be reported as a current liability and as a noncurrent liability. Explain the reasoning behind your classifications.
2. Prepare the liability section of a classified balance sheet and any necessary note disclosure for Chowdhury at December 31, 2019. Accounts payable and accruals are $32 million.

(1) Estimate a multiple regression equation with the price-earnings ratio (P/E) as the dependent variable and the following as independent variables: intercept, gross profit margin, sales growth, dummy variable for industry 1, and dummy variable for industry 2.

(2 ) Create a set of dummy variables for each of the three industries.

(3) Interpret the regression results:

(a) adjusted R-square

(b) F-statistic

(c) t-statistics for each of the coefficients

(4) Calculate a P/E ratio point estimate for a firm with the following characteristics:

(a) gross profit margin = 16%

(b) sales growth = 13%

(c) operates in the oil industry

21) Under an international regime of fixed exchange rates, countries with a BOP ________ should consider ________ their currency while countries with a BOP ________ should consider ________ their currency.

A) deficit, revaluing; surplus, revaluing

B) deficit, devaluing; surplus, devaluing

C) surplus, devaluing; deficit, revaluing

D) surplus, revaluing; deficit, devaluing

22) Use the following terms for this question:

(X-M) = Current Account Balance

(CI-CO) = Capital Account Balance

(FI-FO) = Financial Account Balance

(I-S) = Investment-Saving Balance

FXB = Reserve Balance

BOP = balance of payments

GDP = gross domestic product

C = consumption

I = capital investment spending

G = government spending

The static equation for the BOP is:

A) BOP = (X-M) - (CI-CO) - (FI-FO) + FXB

B) BOP = (X-M) + (I-S) + (FI-FO) + FXB

C) BOP = (X-M) + (CI-CO) + (FI-FO) + FXB

D) BOP = GDP - [C + I +G] + (FI-FO)

23) The problems that may arise due to the separation of ownership and management in large business organizations are known as:

A) separation anxiety.

B) the agency problem.

C) corporate disconnect theory.

D) none of the above

24) "Maximize corporate wealth":

A) is the primary objective of the non-Anglo-American model of management.

B) as a management objective treats shareholders on a par with other corporate stakeholders such as creditors, labor, and local community.

C) has a broader definition than just financial wealth.

D) all of the above

What are 6 results of the growing income inequality in America.