At 30 June 2019, the financial statements of McMaster Ltd showed a building with a cost of $300 000 and accumulated depreciation of $152 000. The business uses the straight-line method to depreciate the building. When acquired, the building’s useful life was estimated at 30 years and its residual value at $60 000. On 1 January 2020, McMaster Ltd made structural improvements to the building costing $94 000. Although the capacity of the building was unchanged, it is estimated that the improvements will extend the useful life of the building to 40 years, rather than the 30 years originally estimated. No change is expected in the residual value.

Required

1. Calculate the number of years the building had been depreciated to 30 June 2019.
2. Give the general journal entry to record the cost of the structural improvements on 1 January 2020.   

c.Give the general journal entry to record the building’s depreciation expense for the year ended 30 June 2020.

Personality Traits

You are about to go on a job interview. Your employer requires you to take a personality trait type test during the first phase of the hiring process. Discuss the pros and cons of why an employer may want to use this type of assessment tool and how you would feel as a potential applicant at this company.

A study considered the question, "Are you a registered voter?" Accuracy of response was confirmed by a check of city voting records. Two methods of survey were used: a face-to-face interview and a telephone interview. A random sample of 88 people were asked the voter registration question face to face. Of those sampled, seventy-one respondents gave accurate answers (as verified by city records). Another random sample of 90 people were asked the same question during a telephone interview. Of those sampled, seventy-one respondents gave accurate answers. Assume the samples are representative of the general population.

Let p1 be the population proportion of all people who answer the voter registration question accurately during a face-to-face interview. Let p2 be the population proportion of all people who answer the question accurately during a telephone interview. Find a 90% confidence interval for p1 – p2. (Use 3 decimal places.)

lower limit

upper limit

On January 1, 2020, Creative Accounting (CA) Company capitalized $500,000 of costs it incurred to internally develop a patent. CA Company paid these costs in cash. It reported an amortization expense in the 2020 fiscal year for the patent. CA Company estimated the amortization expense for 2020 for the patent to be one tenth of the original cost. What is the effect of these journal entries on 2020 financial statements? Specifically, calculate the numerical impact on Net Income, Assets, Liabilities and shareholders’ equity

please give me the correct answer with a necessary calculation

Charlotte Watson is studying towards a Business BS, Financial Management Specialization degree from Grenoble Ecole de Management (France) and currently working as Market Risk Analyst Intern for Morgan Stanley.

Charlotte is a part of the team that has buyside experience in M&A, IBD, Equity Research and Private Equity.

The team is providing consulting services to Ohio Teachers and the pension plan representatives want to know if their investment is worth for their money. Ohio teachers will pay out $2.2 million based on a contract and receive payments of $0.6 million today, $0.8 million one year from today, and $0.8 million two years from today.

Charlotte wants to advice the representatives of Ohio teachers pension plan and wants to know if this contract worth today if the firm can earn 7.2 percent on its money. How much the contract is worth? Can you help Charlotte?

1. $2,038,616.67

2. $2,042,414.79

3. $2,124,339.07

4. $2,108,001.32

Karen Kelly is studying towards an online BS in Finance degree from MIT: Sloan (US) and currently working as Equity Research Associate Intern for HSBC Holdings PLC.

Karen helps a research team that identifies potential stock-market winners, and appropriately trade such securities while engaging institutional clients on the buy-side by providing industry research reports and analysis for the portfolio managers and analysts.

The team is providing financial planning advice to individuals and Karen is a part of the group.

Currently, Ms. Suzie Walters is visiting and asking for help to figure out a retirement problem. Ms. Walters want to have $250,000 annual income every year for the next 30 years. If she can earn an average rate of return of 6 percent, how much does Ms. Walters need to put down today to have $250,000 annual income every year for the next 30 years? Can you help Karen?

1. $3,246,422.40

2. $3,333,333.30

3. $3,312,886.70

4. $3,441,207.79

Carolyn Taylor is studying towards MBA with a track in finance from University of Chicago: Booth (US) and currently working as Quantitative analyst, Equities Intern for UBS.

Carolyn supports a team that is engaged with hedge funds, asset managers and/or investment banks that support the next-generation machine learning systems for the automation of valuation model building and investment research analytics.

The team is providing consulting services to Teacher Retirement System of Texas.

The representatives of Teacher Retirement System of Texas want to invest some of the money (uneven amounts, and each year for the next 4 years at the end of periods: Year 1: $20 million, Year 2: $24 million, Year 3: $28 million, and Year 4: $32 million) earning at 5.5 percent interest. How much will be the total amount at the end of year 4? Can you help Carolyn to find the approximate answer.

1. $108,392,690

2. $111,737,430

3. $107,525,400

4. $110,414,140

*****This is for BA 381 NEED THIS TONIGHT!!!*****

Case Problem 4.2 Greening Product Design

Hal Parker was not convinced that customers cared about green design. “Sure, if it reduces their power consumption, they care, but using less resources to produce the product or using recycled raw materials to begin with? I think our efforts are wasted there.”

“But doesn't that save us money in the long run?” commented Sasha Minolta, the finance director.

“If we're in business that long to reap the benefits,” Hal retorted. “A recession is not the time to go green.”

“Why are you fighting this?” Alex Verera, the CEO, questioned. “Just redesign us a sustainable product and be done with it!”

“That's my point,” Hal replied. “Just change the product platform, the basic materials used, the tooling, the operating requirements, the power source, the supplier specs, the quality standards, the production runs, the warranties and take-back conditions, and toss in untested new technology with a product that won't have the feel and performance of the previous version … all to say we are green, too. Let's make sure this is really what we want to do. I need some guidance here.”

QUESTIONS

1. Do you think Hal's concerns have merit?

2. How would you present the case that a green design will help the company in the future?

3. Should a company engage in green design if it is not required by law? Under what circumstances? Is a recession an appropriate time to go green?

4. As a consumer, do you select products for their sustainability? What types of products are you more likely to buy green?

True/False for the following:

1) It is standard practice for a term sheet to require more than half the board seats to go to the seed investors.

2) The term sheet between an investors and founder is a legally binding agreement.

3) If a 1X liquidation preference is included in the term sheet the Venture Capitalist will never be able to realize a gain on its investment but will be protected from a loss.

4) An option pool is used by founders to make payments to employees. The options grant the employees the right but not the obligation to buy shares of the companies shares at a set price before they expire. Using options conserves cash and ties the employee to the long-term success of the venture.

5) A term sheet will address what happens to the shares of founders should founders decide to leave the company.

In this article, researchers evaluated links between playing golf and the risk of stroke, heart attack, or death.

Golfing at least once a month may lower a person's risk of early death, according to new research presented on Wednesday at the American Stroke Association's International Stroke Conference 2020.
The sport, a favorite of presidents from Woodrow Wilson and Calvin Coolidge to Barack Obama, and Donald Trump is a gentle activity, with very few opportunities for high-intensity exercise.
But the study, by researchers at the University of Missouri, found any activity that gets older adults active and socializing monthly, weekly or daily is enough to reduce the risk of stroke and heart attack.
Researchers analyzed 10 years of data on 5,900 over-65-year-olds between 1989 and 1999, all of whom visited a clinic every six months.
They found that just 8.1% of the 384 golfers (people who golfed at least once a month) had strokes over the 10 years, compared to 15.1% of the non-golfers. Also, 9.8% of the golfers had heart attacks, compared to 24.6% of the non-golfers.
The results, the researchers said, are significant — but added it is also significant that golf is a sport that attracts wealthy people, who tend to have better healthcare and lower risks of strokes and heart attacks.
Some 25 million Americans play golf, which can reduce stress and offer an opportunity for regular exercise.
But that's not enough to satisfy the US Department of Health that they're getting real exercise: it is not on the government's list of sports that qualify as legitimate ways to work out.
Golf burns more calories than fishing or canoeing, but that is only for people playing without carts or caddies. It can even be played with a broken leg, as Tiger Woods did in 2009.
As such, golf has inspired fierce debates over whether it qualifies as a sport. Golf was even removed from the Olympic games for 112 years between 1904 and 2016.
"Golf isn't a sport; it's a skill much like bowling," lawyer Larry Atkins wrote in a controversial op-ed for The Chicago Tribune in 2002 after Tiger Woods won his third Masters. "It's an activity that older people take up when their knees go bad and they can't play real sports like basketball, baseball and football anymore."
For lead study author Adnan Qureshi, professor of neurology at the University of Missouri in Columbia, Missouri, the findings clearly show goal is beneficial.
"The US Department of Health and Human Services Physical Activity Guidelines for Americans does not yet include golf in the list of recommended physical activities," Qureshi said. "Therefore, we are hopeful our research findings could help to expand the options for adults to include golf."

1. Provide a null and one-tailed hypothesis for the association between playing golf and heart attacks and calculate a Z statistic and p value for your null and one-tailed hypotheses (4 points)

In the article, researchers evaluated links between playing golf and the risk of stroke, heart attack, or death. Golfing at least once a month may lower a person's risk of early death, according to new research presented on Wednesday at the American Stroke Association's International Stroke Conference 2020.
The sport, a favorite of presidents from Woodrow Wilson and Calvin Coolidge to Barack Obama, and Donald Trump is a gentle activity, with very few opportunities for high-intensity exercise.
But the study, by researchers at the University of Missouri, found any activity that gets older adults active and socializing monthly, weekly or daily is enough to reduce the risk of stroke and heart attack.
Researchers analyzed 10 years of data on 5,900 over-65-year-olds between 1989 and 1999, all of whom visited a clinic every six months.
They found that just 8.1% of the 384 golfers (people who golfed at least once a month) had strokes over the 10 years, compared to 15.1% of the non-golfers. Also, 9.8% of the golfers had heart attacks, compared to 24.6% of the non-golfers.
The results, the researchers said, are significant — but added it is also significant that golf is a sport that attracts wealthy people, who tend to have better healthcare and lower risks of strokes and heart attacks.
Some 25 million Americans play golf, which can reduce stress and offer an opportunity for regular exercise.
But that's not enough to satisfy the US Department of Health that they're getting real exercise: it is not on the government's list of sports that qualify as legitimate ways to work out.
Golf burns more calories than fishing or canoeing, but that is only for people playing without carts or caddies. It can even be played with a broken leg, as Tiger Woods did in 2009.
As such, golf has inspired fierce debates over whether it qualifies as a sport. Golf was even removed from the Olympic games for 112 years between 1904 and 2016.
"Golf isn't a sport; it's a skill much like bowling," lawyer Larry Atkins wrote in a controversial op-ed for The Chicago Tribune in 2002 after Tiger Woods won his third Masters. "It's an activity that older people take up when their knees go bad and they can't play real sports like basketball, baseball and football anymore."
For lead study author Adnan Qureshi, professor of neurology at the University of Missouri in Columbia, Missouri, the findings clearly show goal is beneficial.
The US Department of Health and Human Services Physical Activity Guidelines for Americans does not yet include golf in the list of recommended physical activities, Qureshi said. Therefore, we are hopeful our research findings could help to expand the options for adults to include golf.

1.   In the article, what two groups are being compared? (2 points)

2.   What are the response variables? How were they measured? (4 points)

3.   Calculate and interpret the difference of proportions for a) heart attacks and b) strokes (4 points)

1. How are apps, Skype, tweets, social networking, and virtual meetings changing business? How might apps and Skype be employed for internal and external communication?
2. How are telecommuting situations, where your first meeting takes place over email, and you never meet in person, changing business interaction?
3. How does this change “the stakes” of your first email and subsequent emails? Is it really possible to form a professional relationship over email?
4. Have you ever experienced a business relationship like this? Was it successful?
5. Some companies that hire out of state are hiring people strictly over Skype, without ever meeting in person. Is this wise? Do you believe it’s possible to really know a person or a company through one Skype interview? How would you prepare for such an interview?