– Statement of Cash Flows

Nick Ltd is the founder and owner of a health club. His club operates in Toronto, Ontario and has been in the same location since 2014. The health club offers a variety of services to its members (group classes, personal training etc.). The club also will put on special “fitness” events. The fitness facility has everything - free weights, squat racks, cardio machines (treadmills, bikes and ellipticals), yoga mats, stability balls, pull-up bars, etc. Since Nick charges a premium for the membership to the club, he is constantly looking at updating and expanding the fitness equipment. This past year he purchased a number of weighted battle ropes, new rowing machines a number of additional kettle bells. You have been presented with the following summarized information from his statement of cash flows for the year ended December 31, 2017:

What was the net change in cash for the period?

Explain each type of cash flow and provide an example of the types of transactions that make up the operating, investing and financing section of Nick’s cash flow statement.

Examine the cash flow pattern for Nick Ltd. What does this pattern say about the situation the company is in?

Tudor Company acquired $500,000 of Carr Corporation bonds for $487,706.69 on January 1, 2018. The bonds carry an 11% stated interest rate, pay interest semiannually on January 1 and July 1, were issued to yield 12%, and are due January 1, 2021.

Required:

This is the only one I am having trouble with. Its the preparing the investment income and discount amortization schedule using straight-line method.

Instructions You are the CFO of an up-and-coming athletic company, which desires to someday become the #1 athletic company in the world. Strategically, the company uses Nike and Under Armour as their key competitor benchmarks. Your CEO is a big believer in learning from the competition and is requesting two things from you regarding Nike and Under Armour’s most recent annual reports: An Executive Summary and a brief Video Presentation of your findings.

NOTE: In order to complete this assignment, you will need to obtain each company’s MOST RECENT(2017) annual report (Nike and Under Armour). Create an executive summary you would feel comfortable turning in to your CEO or to Jack that is no more than 2 pages, single-spaced using 12-point Times New Roman font. You may also include an appendix with additional references, graphs, charts, and tables for additional support if needed.

1. Competitor Strategies • Identify and explain one key strategy from each company that the company explicitly discussed in the annual report.

2. Net Income Margins • What are the after-tax net income margins (aka, net profit margin) for both companies? • How do they compare? • Who achieves the higher net income margin? Why?

(Marketing in Healthcare)

You have just been hired as the Executive Vice President of Sales and Marketing for a national HMO company that until recently was very successful (both revenue and profit growth) selling traditional HMO plans as its only product. During the last two years, revenue and profits declined, and new sales have slowed dramatically. The Board and CEO of the company recruited you to help the company achieve a strategic goal of 15% growth in revenue and profits each year for the next five years.

a.What stage of the product life cycle are HMO products experiencing in

b. Given the answer to (1) above, name three strategies, with specific examples, that you could suggest modifying the HMO’s life cycle for your new company.

c. Given your answer to (1) above, what is the appropriate marketing mix strategy, by each component, for the company to follow with its HMO product?

d. One of the first things the Board and CEO want you to do is to revise the company’s strategic plan. The Board’s directive is to develop strategies to meet the revenue and profit goals. In order to do this you must develop a SWOT analysis. Outline all the factors you will assess in order to develop the proper SWOT.

17.a. What is the difference between a void contract and a voidable contract?

A) A void contract is an illegal contract that exists while a voidable contract has never existed but the parties can ask a court to set it aside.

B) A void contract is a contract that never existed while a voidable contract exists but a court can set it aside to try to put the parties in their original position.

C) A void contract is an illegal contract that exists while a voidable contract has never existed but a court can set it aside to try to put the parties in their original position.

D) None of the above.

E) A void contract is a contract that never existed, just like a voidable contract that the parties can however ask a court to set aside.

17.b. What is an implied stipulation?

A) It is a stipulation which the parties have implicitly and expressly included in their contract, but which in the opinion of the court, they should not have included as reasonable persons if they had thought of the possibility of a difficulty subsequent. B) It is a stipulation in the contract which gives the parties assurance that the court will not allow their legitimate and reasonable expectations to be disappointed simply because the contract does not expressly deal with a serious circumstance which affects the basis of the contract. 'surgery.

C) It is a stipulation which the parties expressly included in their contract, but which in the opinion of the court, they should not have included as reasonable persons if they had thought of the possibility of a subsequent difficulty.

D) It is a stipulation in the contract which warns the parties against court intervention if the contract does not expressly deal with a serious circumstance which affects the basis of the transaction.

E) It is a stipulation which the parties did not expressly include in their contract, but which in the opinion of the court they would have included as reasonable persons if they had thought of the possibility of a subsequent difficulty.

17.c. What is the position of the courts on the subsequent use of trade secrets acquired by a former employee?

A) The courts today are no longer concerned with agreements containing unreasonable limitations on the future economic freedom of the former employee. It would be a major violation of the freedom to conduct business.

B) It is very easy to convince the courts that agreements between employee and employer limiting the future economic freedom of the employee are reasonable and not limited to commerce.

C) Courts today tend to overturn agreements containing unreasonable limitations on the future economic freedom of the former employee.

D) The courts cannot be convinced that employee-employer agreements limiting the employee's future economic freedom are reasonable and not limited to commerce. E) Courts today tend to accept agreements containing unreasonable limitations on the future economic freedom of the former employee.

17.d. We cannot be obligated to people who work for us without our knowledge. Why?

A) Because volunteering does not create any legal obligation.

B) Because we have the right to receive in advance an offer to perform the work that we can accept or refuse.

C) Because the offer binds only the offeror and not the recipient of the offer.

D) Because everyone is free to work for free.

E) Because working without a person's knowledge is nothing less than fraud.

1. When the price of a soda from the campus vending machine was $0.50 per can, 100 cans were sold each day. After the price increased to $0.60 per can, sales dropped to 80 cans per day. Over this range, the absolute price elasticity of demand for soft drinks was approximately equal to

   	A.	1.00
   	B.	2.00
   	C.	1.47
   	D.	1.22

1 points   

QUESTION 9

1. Luna is a manufacturer of fashion jewelry. The CEO of Luna makes sure that the company frequently introduces new styles of jewelry to suit changes in tastes and stay a step ahead of her competitors. Which of the following success drivers of performance is the CEO using?

   	A.	cost competitiveness
   	B.	innovation
   	C.	service
   	D.	quality

In issuing the final audit report the auditor must faithfully execute his/her responsibilities to a number of parties whose interests may be in conflict, especially if the report is qualified or adverse. The auditor has a duty to the owners, management, and creditors of the organization being audited as well as the auditor’s employer and himself/herself. Enormous pressure may be brought to bear on the auditor including threats, accusations of incompetence, legal action, and intimidation. Assume you are about to issue an adverse report on a company that has an openly hostile CEO (management), a creditor (Bank) that has considerable money at risk, an owner who is in another state and your employer (a partner in a CPA Firm) is a friend of the controller. Describe your duties to each and what you might say to the CEO.

Corporation purchased 4,000 of the 400,000 outstanding shares of I-Water Company. Boom Beverage accounts for the investment using the FAIR VALUE method.  

• On April 4, 2018, Corporation purchased 4,000 shares of Water Company common stock for $60 per share.
• During 2018, Water Company’s net income was $1,200,000, and the company declared and paid a $1.00 per share cash dividend.
• On December 31, 2018, Water Company stock was trading at $57 per share.
• During 2019, Water Company’s net income was $1,400,000, and the company declared and paid a $1.20 per share cash dividend.
• On December 31, 2019, Water Company stock was trading at $62 per share.
• On October 19, 2020, Corporation sold its entire investment in Water Company for $65 per share.

Balance Sheet - Investments:

As of December 31, 2018: __________________

As of December 31, 2019: __________________

As of December 31, 2020: __________________

Income Statements - Investment Income/(Loss),net:

Year Ended December 31, 2018: __________________

Year Ended December 31, 2019: __________________

Year Ended December 31, 2020: __________________

. You are the accountant for Auxerre, and you have to prepare the journal for income taxes. You have gathered the following information for 2020:

1. Deferred tax liability, January 1, 2020, $40,000.
2. Deferred tax asset, January 1, 2020, $0.
3. Taxable income for 2020, $127,000.
4. Cumulative temporary difference on December 31, 2020, giving rise to future taxable amounts, $220,000.
5. Cumulative temporary difference on December 31, 2020, giving rise to future deductible amounts, $35,000.
6. There is one permanent difference between taxable and pretax financial income due to a $5,000 fine imposed by OSHA.
7. The tax rate is 40% for all years.
8. The company is expected to operate profitably in the future.

Prepare the journal entry to record income taxes for 2012.

You are a legal assistant for the attorney of the FUN company. You must conduct research and find three (3) court opinions (i.e. cases that have been previously decided by the court) that are precedent (i.e. have similar facts and issues of law) to the case below. You must provide the case title and citation of each of the three (3) cases you find.

Three months ago the CEO for FUN Company sent a letter to the Pastor for the Church of Stranger Things pledging a $3,000,000.00 donation to the Church. Upon receipt of this news, the Pastor contacted FUN’s CEO who re-assured the Pastor that the Church would be receiving a check for this amount within the ensuing four to six weeks. The Pastor, who for several years had wanted to expand the Church in order to increase its congregation, immediately hired an architect and paid him $400,000.00 to design the new ambitious project. The Pastor was in love with the architect’s design, so he quickly hired a general contractor for $750,000.00 to start the building process. In addition to the $750,000.00 for the labor, the Pastor paid another 1,100,000.00 for the tools and materials needed for the project. Five weeks after receiving the letter and first speaking to FUN’s CEO on the phone, the bishop called FUN because he was nervous about the fact that he had not received the check and he had already incurred such significant expenses. Note that the only reason the Pastor engaged in this ambitious construction project was because of the extra money he was counting on getting from FUN since the Church’s structure did not need it to continue its regular operations. The CEO at that point told the Pastor that soon after committing to donate the money, FUN’s finances started going terribly wrong and as such at this point, they were not able to make a donation to the church. The Pastor is now demanding that FUN still true to its word and give the church the donation.