Coming full circle and in the spirit of educational completions, Steve Job's 2005 commencement speech provides some interesting and meaningful life perspectives. Do you believe his views have relevance for individual or business success in our increasingly globalized economy?

Watch the video to answer the question please

Link to video: https://ed.ted.com/lessons/steve-jobs-at-stanford-university-commencement-2005

SMITH Company offers franchises for sale.

It recently agreed a deal with a new Franchisee: JONES COMPANY.

The terms of the deal are as follows:

FRANCHISE FEE PRICE CHARGED TO JONES: CASH $400,000 PLUS NOTE with a Nominal Value of $150,000 and a Present Value (of future cash flows) of $100,000

ALLOCATION OF FRANCHISE FEE PRICE TO SERVICES TO BE PROVIDED BY SMITH TO JONES:

Franchise Fee (for Brand rights/'know how'/exclusive location): 70% of Price Charged to Jones

Training Services: 20% of Price Charged to Jones

Consultancy Fee: 10% of Price Charged to Jones.

The parties met to discuss the terms on 1 September 2018. The deal was finally signed by both parties on 1 January 2019. All services may be assumed to have been provided by 1 April 2019.

Required:

1- Referring only to the Training Services component of the overall, what journal entry should be made by SMITH COMPANY on 1 April 2019?  

Select one:

a. Debit: Service Revenue (Training) $80,000; Credit: Unearned Service Revenue (Training) $80,000

b. None of these answers

c. Debit: Unearned Service Revenue (Training) $80,000; Credit: Service Revenue (Training) $80,000

d. Debit: Unearned Service Revenue (Training) $100,000; Credit Service Revenue (Training) $100,000

e. Debit: Service Revenue (Training) $100,000; Credit: Unearned Service Revenue (Training) $100,000

2- On 31 December 2019, the journal entry for SMITH COMPANY will include which of the following entries? (note: the numerical amounts are not required)   

Select one:

a. Debit: Interest Revenue; Credit Cash;

b. Debit Cash: Credit Consultancy Revenue

c. Debit: Cash: Credit: Unearned Consultancy Revenue

d. Debit: Cash; Credit: Interest Revenue

e. None of these answers

3- On 1 January 2019 the journal entry for SMITH COMPANY will include which ONE of the following?

Select one:

a. Debit: Cash $400,000; Debit: Note Receivable: $150,000

b. None of these answers

c. Debit: Cash $400,000; Debit: Note Receivable: $100,000

d. Debit: Cash $500,000

e. Debit: Unearned Franchise Revenue: $400,000

Treynor Pie Company is a food company specializing in high-calorie snack foods. It is seeking to diversify its food business and lower its risks. It is examining three companies—a gourmet restaurant chain, a baby food company, and a nutritional products firm. Each of these companies can be bought at the same multiple of earnings. The following represents information about all the companies. Company Correlation with Treynor Pie Company Sales ($ millions) Expected Earnings ($ millions) Standard Deviation in Earnings ($ millions) Treynor PieCompany + 1.0 $ 104 $ 8 $ 2.0 Gourmet restaurant + .7 64 8 1.5 Baby food company + .2 52 5 1.7 Nutritionalproducts company − .8 74 7 3.2 a-1. Compute the coefficient of variation for each of the four companies. (Enter your answers in millions (e.g., $100,000 should be entered as ".10"). Round your answers to 3 decimal places.) a-2. Which company is the least risky? Nutritional products company Gourmet restaurant Baby food company Treynor Pie Company a-3. Which company is the most risky? Nutritional products company Treynor Pie Company Baby food company Gourmet restaurant b. Which of the acquisition candidates is most likely to reduce Treynor Pie Company's risk? Nutritional products company Gourmet restaurant Baby food company

The revenue for the total window cleaning market is $1,574,000. The market shares for each of the companies in this market are as follows: 1) Sunnyside – 8.8%, 2) White Shark – 23.2%, 3) Paneless Perfection – 11.7%, 4) Squeegies – 19.1%, 5) Precision Cleaning – 27.6%, 6) Glass First – 9.6%. What is the revenue to the nearest dollar for the third company in this list?

1. Suppose a new company is interested in promoting their new diet management program. The concept is similar to weight watchers and involves an overall reduction of daily calorie intake. Before making a more direct effort at promoting the success of their program, the company wants to get an idea of how effective their program is based on a SRS. Assume the following table represents results pre and post intervention of 5 individuals varying approximately to a normal distribution.

A) What type of t-test would you use here?

B) Carry out an appropriate t test investigating the effectiveness of the new weight loss intervention at reducing overall calorie intake with alpha=.05. Be sure to include each of the four steps of hypothesis testing.

1. Because insurance companies must maintain adequate reserves to pay policyholders, they typically place most of their investments in:

1. Fixed Income Instruments i.e. bonds
2. Hedge Funds
3. Large Cap companies on the NYSE
4. Foreign Investments

2. Prior to the IPO, the seller would have probably sought the services, and funds, of a venture capital firm. In exchange for the funds, VC firms typically:

1. Require at least one seat on the Board of Directors
2. Take a very active stance in the operation of the company
3. Demand significant special reporting
4. Look for an “exit” in 5 – 7 years.
5. All the above
6. None of the above.

3. There was a huge spike in IPO’s during:

1. The 2006 sub-prime crisis
2. The Dot Com bubble at the turn of the millennium
3. The Mid-east oil embargo
4. The aftermath of WWII

4. What is the term given to the package of financial data a company is required to compile if they initiate an IPO.

1. Prospectus
2. Habeas Corpus
3. Evidence of beneficial ownership
4. Special Audit

You are the manager of Coca-Cola and are facing the effect of a research (published in 2004) that reports that consuming high fructose corn syrup (HFCS) is associated with promoting obesity. Consider the number of news reports and the number of other research papers on this topic that have been published since 2004. This issue is relevant to you because HFCS is the sweetener used in soft drink manufacturing. Then, you are to:

1. What would you do to offset the effect of the HFCS-obesity research on the demand for Coca-Cola? Based on economic theory explain your decision. Explain if your decision is working.

2. Would you increase or decrease price to boost Coke sales? Based on economic theory, explain your choice.

3. Based on economic theory, explain how Coke’s advertising would affect the demand for Pepsi.  

4. Based on economic theory, explain why you would spend a lot of money on.

A ski company in Vail owns two ski shops, one on the west side and one on the east side of Vail. Ski hat sales data (in dollars) for a random sample of 5 Saturdays during the 2004 season showed the following results. Is there a significant difference in sales dollars of hats between the west side and east side stores at the 10 percent level of significance?

(b) State the decision rule for a 5 percent level of significance. (Round your answers to 3 decimal places.)

Reject the null hypothesis if t_calc < ( ) or t_calc > ( ).

(c-1) Find the test statistic t_calc. (Round your answer to 2 decimal places. A negative value should be indicated by a minus sign.)

t_calc ( )

1. Should a company have the right to mine data on their customers. Does your opinion change if their data contains your personal information? 2. Define a DBMS, describe how it works, and explain how it benefits a company. 3. List and describe the different types of decisions and how does the decision-making process work?

On January 1, 2021, Red Flash Photography had the following balances: Cash, $12,000; Supplies, $8,000; Land, $60,000; Deferred Revenue, $5,000; Common Stock $50,000; and Retained Earnings, $25,000. During 2021, the company had the following transactions:

The following information is available on December 31, 2021:

1. Employees are owed an additional $4,000 in salaries.
2. Three months of the rental space has expired.
3. Supplies of $5,000 remain on hand.
4. All of the services associated with the beginning deferred revenue have been performed.

5. Prepare closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
  

• Record the entry to close the revenue accounts.

Note: Enter debits before credits.

• Record the entry to close the expense accounts.

Note: Enter debits before credits.

• Record the entry to close the dividends account.

Note: Enter debits before credits.