The Founding Fathers established the foundation for the United States of America. Briefly discuss SIX creations of the 55 men that is part of the American government today. Provide a brief discussion of each invention. Remember to discuss and NOT list or bullet.
In: Economics
In 1900 Chile’s income per capita was $1,950, which made it the second richest country in Latin America, after Argentina. Saul Bolaño, a reputed historian, explains Chile’s relative success on the fact that its elite class was “disciplined, progressive, and industrious” (Yeager, 1991). Imagine a journalist covering Latin America asks you for your opinion, as an expert on Latin American development, about Bolaño’s theory. What would you tell the journalist?
In: Economics
Analyze and Explain: The international marketing manager at the University of Colorado is convinced there is a market in Latin America for a cuddly CU Ralphie mascot plush toy. She has learned about your experience in the Doing Business in Latin America course and needs your advice. Based on the chapters in Robles and Lascu, please list and briefly discuss five (5) key aspects of Latin American consumers that CU should consider in the Raphie marketing plan.
In: Operations Management
The following selected transactions were completed by Capers Company during October of the current year:
Oct. | 1 | Purchased merchandise from UK Imports Co., $14,448, terms FOB destination, n/30. |
3 | Purchased merchandise from Hoagie Co., $9,950, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $220 was added to the invoice. | |
4 | Purchased merchandise from Taco Co., $13,650, terms FOB destination, 2/10, n/30. | |
6 | Issued debit memo to Taco Co. for $4,550 of merchandise returned from purchase on October 4. | |
13 | Paid Hoagie Co. for invoice of October 3. | |
14 | Paid Taco Co. for invoice of October 4 less debit memo of October 6. | |
19 | Purchased merchandise from Veggie Co., $27,300, terms FOB shipping point, n/eom. | |
19 | Paid freight of $400 on October 19 purchase from Veggie Co. | |
20 | Purchased merchandise from Caesar Salad Co., $22,000, terms FOB destination, 1/10, n/30. | |
30 | Paid Caesar Salad Co. for invoice of October 20. | |
31 | Paid UK Imports Co. for invoice of October 1. | |
31 | Paid Veggie Co. for invoice of October 19. |
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Journalize the entries to record the transactions of Capers Company for October. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
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In: Accounting
Find a recent article discussing the property tax levy process of a municipality in Illinois. Discuss the process they undertook towards adopting the levy, any controversy surrounding their process, and the eventual outcome. Include historical trend data. PLEASE PROVIDE APA CITATION FOR ARTICLE CHOSEN
Posts should be more than a “book report”, and display proof of critical thinking.
Governing Magazine http://www.governing.com
American City and County Magazine http://www.americancityandcounty.com
Government Finance Officers Association http://www.gfoa.org International
City / County Management Association http://www.icma.org
The Fiscal Times http://www.thefiscaltimes.com
Illinois Municipal League http://www.iml.org
In: Accounting
Please write 350 words about the current spending habits and preferences of American young-adult consumers. Plus cite your sources.
In: Psychology
[The following information applies to the questions
displayed below.]
Hemming Co. reported the following current-year purchases and sales
for its only product.
Date | Activities | Units Acquired at Cost | Units Sold at Retail | |||||||||||||
Jan. | 1 | Beginning inventory | 200 | units | @ $10 | = | $ | 2,000 | ||||||||
Jan. | 10 | Sales | 150 | units | @ $40 | |||||||||||
Mar. | 14 | Purchase | 350 | units | @ $15 | = | 5,250 | |||||||||
Mar. | 15 | Sales | 300 | units | @ $40 | |||||||||||
July | 30 | Purchase | 450 | units | @ $20 | = | 9,000 | |||||||||
Oct. | 5 | Sales | 430 | units | @ $40 | |||||||||||
Oct. | 26 | Purchase | 100 | units | @ $25 | = | 2,500 | |||||||||
Totals | 1,100 | units | $ | 18,750 | 880 | units | ||||||||||
Required:
Hemming uses a perpetual inventory system.
1. Determine the costs assigned to ending
inventory and to cost of goods sold using FIFO.
3. Compute the gross margin for FIFO method and
LIFO method.
Required 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Requirement 3 | |||||||||||||
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In: Accounting
Mf Limited, a bespoke furniture manufacturing entity based in South Africa, is looking to diversify its market by entering the European and American markets.
In order to gain a foothold in the new markets, Mf Limited can either produce the furniture in South Africa and export it, or acquire existing businesses in Europe and America. In order to decide between these two options, the company engaged an international consultancy firm at a cost of R800 000.
Research by the consultancy firm suggested that the export route was less risky, especially considering the company’s plans to try out the international market for an initial five-year period before making a longer-term decision. In order to export the furniture, the company will need to ramp up production in South Africa.
This will need the company to expand its production capacity through building a new factory and acquiring new machinery. Construction of the factory will cost the company R18 million while the new machinery will cost the company R6.5 million to purchase and R500 000 to transport and install. The company expects additional after-tax operating cash flows from the new markets to be R6 million per annum, stated in current prices.
The cash flows are expected to increase in line with inflation. The expected annual inflation rate is 6%. The factory and machinery are expected to have after-tax salvage values of R10 million and R1 million, respectively (stated in current prices). The company’s nominal cost of capital is 12%.
Calculate the net present value (NPV) and internal rate of return (IRR) of the expansion project TO SHOW IF EXPANSION PROJECT IS VALID, TO WHAT TYPES OF EXCHANGE RATE RISK WILL HE BE EXPOSED
In: Finance
Mf Limited, a bespoke furniture manufacturing entity based in South Africa, is looking to diversify its market by entering the European and American markets. In order to gain a foothold in the new markets, Mf Limited can either produce the furniture in South Africa and export it, or acquire existing businesses in Europe and America. In order to decide between these two options, the company engaged an international consultancy firm at a cost of R800 000. Research by the consultancy firm suggested that the export route was less risky, especially considering the company’s plans to try out the international market for an initial five-year period before making a longer-term decision. In order to export the furniture, the company will need to ramp up production in South Africa. This will need the company to expand its production capacity through building a new factory and acquiring new machinery. Construction of the factory will cost the company R18 million while the new machinery will cost the company R6.5 million to purchase and R500 000 to transport and install. The company expects additional after-tax operating cash flows from the new markets to be R6 million per annum, stated in current prices. The cash flows are expected to increase in line with inflation. The expected annual inflation rate is 6%. The factory and machinery are expected to have after-tax salvage values of R10 million and R1 million, respectively (stated in current prices). The company’s nominal cost of capital is 12%.
Calculate the net present value (NPV) and internal rate of return (IRR) of the expansion project TO SHOW IF EXPANSION PROJECT IS VALID, TO WHAT TYPES OF EXCHANGE RATE RISK WILL HE BE EXPOSED
In: Finance
Problem 6-6A Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net realizable value (LO6-2, 6-3, 6-4, 6-5, 6-6)
[The following information applies to the questions
displayed below.]
At the beginning of October, Bowser Co.’s inventory consists of 64
units with a cost per unit of $36. The following transactions occur
during the month of October
October | 4 | Purchase 116 units of inventory on account from Waluigi Co. for $50 per unit, terms 2/10, n/30. | ||
October | 5 | Pay cash for freight charges related to the October 4 purchase, $672. | ||
October | 9 | Return 20 defective units from the October 4 purchase and receive credit. | ||
October | 12 | Pay Waluigi Co. in full. | ||
October | 15 | Sell 146 units of inventory to customers on account, $11,680. [Hint: The cost of units sold from the October 4 purchase includes $50 unit cost plus $7 per unit for freight less $1 per unit for the purchase discount, or $56 per unit.] | ||
October | 19 | Receive full payment from customers related to the sale on October 15. | ||
October | 20 | Purchase 86 units of inventory from Waluigi Co. for $56 per unit, terms 3/10, n/30. | ||
October | 22 | Sell 86 units of inventory to customers for cash, $6,880. |
Assuming that Bowser Co. uses a FIFO perpetual inventory system
to maintain its inventory records, record the transactions.
(If no entry is required for a transaction/event, select
"No Journal Entry Required" in the first account field.)
Suppose by the end of October that the remaining inventory is estimated to have a net realizable value per unit of $30. Record any necessary adjustment for lower of cost and net realizable value. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
In: Accounting