Required information

Problem 7-5A Determine depreciation under three methods (LO7-4)

[The following information applies to the questions displayed below.]

University Car Wash built a deluxe car wash across the street from campus. The new machines cost $246,000 including installation. The company estimates that the equipment will have a residual value of $27,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows:

Year   Hours Used
1   2,800
2   1,900
3   2,000
4   2,000
5   1,800
6   1,500
Problem 7-5A Part 2

2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.)

Research at least three sources (your text can be one) in order to gain an understanding of how to dress for an interview. Be sure to search for information on best colors for interview clothing, jewelry, and accessories that will complement the outfit. In addition, search for how to regard tattoos and piercings. Write a short (approx 1 page) paper - professionally structured, and with good grammar and spelling - summarizing your findings.  

(b) The information below relates to a leasing arrangement between Simmonds Leasing Company and Telsan Company, a lessee.

Inception date        January 1, 2020

Lease term         6 years

Annual lease payment due at the beginning of

each year, beginning with January 1, 2020   $150,000

Fair value of asset at January 1, 2020     $760,000

Economic life of leased equipment     7 years

Residual value of equipment at end of lease term,

guaranteed by the lessee       $65,500

Lessor’s implicit rate      10%

Lessee’s incremental borrowing rate    12%

January 1, 2020

The asset will revert to the lessor at the end of the lease term. The lessee has guaranteed the lessor a residual value of $65,500. The lessee uses the straight-line depreciation method for all equipment.

Instructions

iii) Record the first year’s depreciation on Telsan Company’s books.

iv)Record interest expense and lease liability for Telsan Company for the year ending December 31, 2020.

Q1: Assume you have that you have the following information when preparing the consolidated financial statements in 2020 (fiscal year end is 12/31/2020). The consolidated entity includes the parent company and an 80%-owned subsidiary.

1. On January 1, 2018, the subsidiary sold to its parent, for a sale price of $120,000, equipment that originally cost $180,000. The subsidiary originally purchased the equipment on January 1, 2015, and depreciated the equipment assuming a 12-year useful life (straight-line with no salvage value). The parent adopted the subsidiary’s depreciation policy and depreciates the equipment over the remaining useful life. The parent used the full equity method to account for its Equity Investment.

2. During 2020, the subsidiary sold goods to the parent company for $230,000 that cost $180,000. The parent company still owned 30% of the goods at the end of 2020. During 2019, the parent sold goods to the subsidiary for $200,000 that cost $170,000. The subsidiary sold 80% of goods in 2019 and the rest 20% in 2020.

Prepare the related consolidation entries for the year 2020 based on the above information.

Describe the following Perspectives:

Sociocultural

Psychodynamic

Biological

Please make sure you discuss in detail:

1) Founder of that theory, if applicable

2) Major contributions of that theory to Psychology

3) How they are used today, in 2018

Question 1

For the past five years, Mr. Brooks has been employed as a financial analyst by a large Canadian public firm located in Winnipeg. During 2020, his basic gross salary amounts to $63,000. In addition, he was awarded an $11,000 bonus based on the performance of his division. Of the total bonus, $6,500 was paid in 2020 and the remainder is to be paid on January 15, 2021.

During 2020, Mr. Brooks’ employer withheld the following amounts from his gross wages:

Federal Income Tax                                                                                             $3,000

Employment Insurance Premiums 856

Canada Pension Plan Contributions 2,898

Registered Pension Plan Contributions 2,800

Donations to the United way (charity) 480

Union Dues 240

Payments for Personal Use of Company Car 1,000

Other Information:

1. Due to an airplane accident while flying back from Thunder Bay on business, Mr. Brooks was seriously injured and confined to a hospital for two full months during 2020. As his employer provides complete group disability insurance coverage, he received a total of $4,200 in payments during this period. All of the premiums for this insurance plan are paid by the employer. The plan provides periodic benefits that compensate for lost employment income.
2. Mr. Brooks is provided with a car that the company leases at a rate of $678 per month, including both GST and PST. The company pays for all of the operating costs of the car, and these amounted to $3,500 during 2020. Mr. Brooks drove the car a total of 35,000 kilometres during 2020, 30,000 kilometres of which were carefully documented as employment-related travel. While he was in the hospital (see Item 1), his employer required that the care be returned to company premises, so it was not available to him.
3. On January 15, 2019, Mr. Brooks received options to buy 200 shares of his employer’s common stock at a price of $23 per share. At this time, the shares were trading at $20 per share. Mr. Brooks exercised these options on July 6, 2020, when the shares were trading at $28 per share. He does not plan to sell the shares for at least a year.
4. In order to assist Mr. Brooks in acquiring a new personal residence in Winnipeg, his employer granted him a five year, interest free loan of $125,000. The loan qualifies as a home relocation loan. The loan was granted on October 1, 2020, and, at that point in time, the prescribed interest rate set by the CRA is 2%.
5. Other disbursements made by Mr. Brooks include the following:

Advanced financial accounting course tuition fees                                      $1,200

Music history course tuition fees                                                                       600

Fees paid to financial planner                                                                           300

Payment of premiums on life insurance                                                            642

Mr. Brooks’ employer reimbursed him for the tuition for the accounting course, but not for any of these other expenses.

Required:

Calculate Mr. Brooks’ net employment income for the taxation year ending December 31, 2020.

Question 3 - Week 10 On 1 March 2020 Holmes Ltd enters into a binding agreement with a New Zealand company, which requires the New Zealand Company to construct an item of machinery for Holmes Ltd. The cost of the machinery is NZ$750,000. The machinery is completed on 1 June 2021 and shipped FOB Auckland on that date. The debt is unpaid at 30 June 2020, which is also Holmes Ltd’s reporting date. The exchange rates at the relevant dates are: 1 March 2020 A$1.00 = NZ$1.20 30 June 2020 A$1.00 = NZ$1.30 1 June 2021 A$1.00 = NZ$1.25

Required: a) Determine the amount in AUD, as at: • 1 March 2020; and • 30 June 2020. b) Prepare the journal entries for the above dates, up to 1 June 2021,showing the amount of exchange gain or loss .

A company is considering constructing a new factory and is considering funding it by issuing a corporate bond to the value of $9m. The bond would have a term to maturity of 12 years, a coupon rate of 3.0% and the bond would be sold into the market at expected yield of 2.8%. Show how an immunisation portfolio could be constructed from the bonds below if the CB cut interest rates by 0.50% over the next year. Show how this strategy would work and explain the nature of the risk and how the protection is created.

2.3% US Treasury 2030, @ Yield to Maturity of 1.50%

2.5% US Treasury 2030, @ Yield to Maturity of 1.67%

3.2% USTreasury 2035, @ Yield to Maturity of 1.71%

3.6% US Treasury 2038, @ Yield to Maturity of 1.73%

2.5% US Treasury 2039, @ Yield to Maturity of 1.74%

5.5% USTreasury 2042, @ Yield to Maturity of 1.78%

"It's not necessarily what you learn in an MBA program, but where you learn it." This type of bias has the potential to undermine hiring decisions. What truth is there to it and how can this bias be countered in a hiring process?

Below is the extract of a research

Qualitative Design

The philosophical underpinnings of qualitative studies include perspectives of phenomena and a consideration for multiple realities held by different individuals (Munhall, 2010). The outcomes of qualitative research rely heavily on the information provided by those with subject experience related to the study (the participants), providing data through first- person narratives (Munhall, 2010). The acquisition of contextualized, multi-faceted descriptions enrich the understanding of a phenomenon (Holloway & Wheeler, 2010). In contrast, a quantitative study focuses on collecting numerical data to validate hypotheses and draw generalizations (Maltby Williams, McGarry, & Day, 2013).

Phenomenology is based on the idea that understanding a phenomenon is attainable through the subjective perceptions of people who underwent the experience being studied (Flood, 2010). Phenomenological studies emphasize that the person is fundamental to the environment; therefore, researchers must focus on individual perceptions (Flood, 2010; James, Cottle, & Hodge, 2010). The purpose of phenomenological research is often to describe the participants’ experiences with the phenomena, the interpretations of these experiences, and the meaning of those experiences to the participants (Sissolak, Marais, & Mehtar, 2011). This study investigated the phenomenon of elderly patients’ perceptions of pain 48 hours after undergoing ORIF surgery.

The study used a qualitative descriptive phenomenological approach to explore the following two research questions: (a) What are the perceptions of pain and pain management of patients between 65 and 75 years of age 48 hours after ORIF surgery? (b) What are the perceptions of adaptation for patients between 65 and 75 years of age after ORIF surgery?Husserl’s (1970) descriptive approach was selected because it used knowledge development that could effectively achieve the objectives of this inquiry and supplement what was already known regarding the phenomenon under investigation. The philosophical underpinnings of qualitative studies include perspectives of phenomena and a consideration for the multiple realities held by different individuals (Munhall, 2010).

Data Collection and Instrumentation

The study integrated a pilot study into the methodology, which explored one research question: What are the perceptions of pain and adaptation of patients 65 and 75 years of age after open reduction and internal fixation surgery? The pilot study was conducted with four patients, who answered 11 interview questions. Results of the pilot study were used to validate the appropriateness of the research questions.

Before conducting any data collection procedures, a letter of cooperation was received from the hospital prior to seeking Institutional Review Board (IRB) approvals from the University of Phoenix and the hospital. This facilitated the appropriate access to hospital records to identify the patients who had ORIF surgery within the specified period of the study. I sought self and peer monitoring to adhere to HIPPA laws. No participant information was left unattended and all documents pertaining to the study were confidential. Once IRB from the University of Phoenix and the hospital were approved, data collection started with recruiting participants for the study. An introductory and recruitment letter was sent to the patients and the orthopedic surgeons asking for assistance in finding candidates who were suitable for the study. Information on patients who had ORIF was obtained from the patients' charts. The patients consented to disclosing their identities and surgeries to a researcher. The participants were approached after their procedures, and informed consent and interviews were scheduled at the patient’s convenience. No patient was asked to sign an informed consent or beinterviewed while under the influence of pain medication.

Data collection was conducted as a one-on-one recorded personal interview and was facilitated by a semi-structured interview guide composed of ten open-ended questions, which made up the Pain Perception Interview Questions (PPIQ). A closing semi-structured question ("Do you have anything else to add?") was added to facilitate further information gathering or clarification. Interviews were one hour long and took place in the participant’s room. Questions focused on the perceptions of pain and pain management 48 hours after ORIF surgery and adaptation after ORIF as narrated in participants’ own words.

Population and Sampling

Prior to data collection, each participant reviewed and signed a consent form and received information about the reasons for the study. Before the start of each interview, participants were made aware that they could discontinue the interview if they experienced pain and if their healthcare provider entered the room. One of the most important responsibilities of a researcher of human subjects is to ensure informed consent of any participants. Research cannot be undertaken without this consent. Informed consent gave the researcher permission to delve into private areas of a human subject’s life and enter a person’s emotional, physiological, intellectual, or other very intimate arena that must be protected. I transcribed all information obtained from the participants and I was the sole individual with access to the participant information. At the conclusion of the study, all information, including audio recordings and field notes, were locked in an encrypted secure electronic database.

A total of 12 participants was recruited from a community primary care hospital that conducted an average of 12 ORIF surgeries monthly. Ten participants met the study’s inclusion criteria: (a) age between 65 and 75 years; (b) have undergone ORIF surgery in the past 48 hours, (c) speak and understand English fully; and (d) should not exhibit any form of mental illnesses. The concepts of diminishing returns and saturation in qualitative studies were considered when determining the sample size for the study.

Data Analysis

The use of NVivo 10.0 (QSR International) to process the data collected from the interviews enhanced categorizing statements and emerging themes. The modified Van Kaam (1969) method, based on Husserl’s (1970, 2012) philosophy, was used to analyze the data collected. Van Kaam’s method requires that intersubjective agreement be reached with other expert judges. Roy’s four modes of adaptation -- physical, self-concept, role function, and interdependence -- were used to determine adaptation responses (AR) and ineffective responses (IR) of participants based on responses to the PPIQ. Van Kaam’s (1969) approach in the phenomenological generation and analysis of data has been frequently utilized by nurse researchers because of its rigor in accomplishing accurate results from studies.

Using Moustakas' (1994) seven-step approach in conjunction with the NVivo© 10 software, participants were interviewed, and textual datum collected and analyzed to discern themes that developed from the data. Additionally, a descriptive analysis was conducted regarding the differences between the participants’ responses. Analysis involved comparing the invariant constituents that was revealed within the main themes.

The coding process utilized the NVivo© 10 software that has the capability to list the key words and phrases emerging from the transcripts of the participants. For instance, key words identified in interview question one was (a) personal, (b) different, and (c) self. This list of words and phrases guided me to identify specific codes that were then re-uploaded in NVivo© 10 for code grouping. For instance, the key word “personal” was identified as “differences of pain.” The grouped codes served as the basis for determining the themes. These themes were refined from the coded text to reflect the themes critical to the central question.

The preliminary grouping was coded by the following: (a) experiences of pain, (b) perceptions of pain, (c) failure of pain management, (d) understanding pain management options, (e) involvement mechanism in pain management, (f) factors affecting caregiver interaction, (g) meanings of adaptation, and (h) recommendations of pain management. These groupings were then utilized to understand the lived experiences of elderly concerning pain management.

Question:

a) Please illustrate the methodology used in this qualitative study

b) Describe the application of the methodology stated above in qualitative research study