Lavinia is 35 years old. She is married to Sebastian who is a year younger than Lavinia. Lavinia and Sebastian are thrilled to have two daughters. One is nine years old. The other is seven.
Lavinia and Sebastian were originally hoping to add a son to their family, but they had mostly given up hope because they hadn’t had any luck conceiving again after their youngest daughter was born. And, they had stopped trying when Sebastian lost his job because money is a bit tight.
Lavinia has recently discovered that she is pregnant. She and Sebastian are excited that she might be carrying the son they have wanted in their family, but they are also stressed at the thought of having another mouth to feed.
When Lavinia met with her physician, she explained that she and her husband still desperately want a boy. Indeed, she expressed that she wants to continue the pregnancy only if the physician can do tests and determine that the fetus she is carrying is male. She has made clear that she wants to terminate her pregnancy and that she will be requesting an abortion if the fetus is not male. She has made equally clear that she wants to terminate the pregnancy and that she will be requesting an abortion if her physician won’t do the tests to identify the sex of the fetus.
Explore the ethics of sex selection involving abortion in contrast to sex selection involving preimplantation genetic diagnosis (PGD) you are welcome to do this by considering whether it would make a difference, in the case study, if Lavinia were asking her physician to identify and implant only a male fetus to begin her pregnancy.
In: Biology
You are an EMT and are called to the home of Kevin, a 13 week old boy who has become listless and is having trouble breathing. The parents reported that Kevin used to smile, but lately he has not smiled, nor has he had other noticeable facial expressions in the last two days. Kevin’s eyes are open when you arrive, but he does not seem to be focusing. You place your outstretched finger under his fingers and he fails to grasp it. You lift his foot and it drops back to the mattress. The parents report that he has not had a bowel movement in three to four days.
In: Nursing
Part 2: Problem Solving - Consolidated Financials Assume that on 1/1/X0, a parent company acquires a 70% interest in its subsidiary for a price at $480,000 over book value. The excess is assigned as follows: Asset Fair Value Useful Life Patent $320,000 8 years Goodwill 160,000 Indefinite 70% of the goodwill is allocated to the parent. Included in the attached Excel spreadsheet are the pre-consolidation financial statements for both the parent and the subsidiary.
| ACT470-Portfolio-Option 1 | |||||||
| Consolidation Entries | |||||||
| Parent | Subsidiary | Dr | Cr | Consolidated | |||
| Income Statement: | |||||||
| Sales | 6,000,000 | 2,000,000 | 0 | ||||
| Cost of Goods sold | (4,000,000) | (1,200,000) | 0 | ||||
| Gross profit | 2,000,000 | 800,000 | 0 | ||||
| Income (loss) from subsidiary | 112,000 | 0 | |||||
| Operating expenses | (1,500,000) | (600,000) | 0 | ||||
| Net Income | 612,000 | 200,000 | 0 | ||||
| Consolidated NI attrib to NCI | 0 | ||||||
| Consolidated NI attrib to CI | 0 | ||||||
| Statement of Ret Earnings: | |||||||
| BOY retained earnings | 1,978,000 | 970,000 | 0 | ||||
| Net income | 612,000 | 200,000 | 0 | ||||
| Dividends | (190,000) | (100,000) | 0 | ||||
| EOY retained earnings | 2,400,000 | 1,070,000 | 0 | ||||
| Balance Sheet: | |||||||
| Cash | 200,000 | 120,000 | 0 | ||||
| Accounts receivable | 600,000 | 400,000 | 0 | ||||
| Inventory | 800,000 | 880,000 | 0 | ||||
| Equity investment | 1,400,000 | 0 | |||||
| PPE, net | 2,000,000 | 1,200,000 | 0 | ||||
| Patent | 320,000 | 0 | |||||
| Goodwill | 480,000 | 0 | |||||
| 5,800,000 | 2,600,000 | 0 | |||||
| Current liabilities | 500,000 | 200,000 | 0 | ||||
| Long-term liabilities | 1,100,000 | 600,000 | 0 | ||||
| Common stock | 600,000 | 280,000 | 0 | ||||
| APIC | 400,000 | 450,000 | 0 | ||||
| Retained earnings | 2,400,000 | 1,070,000 | 0 | ||||
| Noncontrolling interest | 0 | ||||||
| 5,000,000 | 2,600,000 | 0 | 0 | 0 | |||
In: Accounting
1. Which of the following Is true regarding the use of an AED?
a. If a pad is not sticking to the athlete, press down on the pad while the AED is delivering the shock.
b. An AED can automatically detect if a heart rate is that of an Infant, child, or adult.
C. If the AED says a shock is not advised but the athlete is still unresponsive, it is best to shock anyway.
d. If a shock is indicated, make sure no one is touching the athlete before pressing the shock button on the AED.
2. The AED indicates "No shock Indicated/advised." You check and find that the athlete is breathing fast. You should
a. begin CPR
b. monitor breathing while waiting for emergency medical personnel to arrive.
c. establish an airway
d. begin the Heimlich maneuver
e. check for responsiveness
3. If an athlete is unresponsive, immediately start administering compressions before calling EMS.
a. true
b. false
4. When you give chest compressions, your hands should be
a. one on top of the other, with fingers loosely held on the chest
b. one next to the other with fingers outstretched
c. one on top of the other, with fingers held above the chest
d. one on the chest and one around the wrist, with fingers spread
e. one next to the other, with fingers held above the chest
5. If the athlete is unresponsive, your first step is to call EMS.
a. true
b. false
In: Nursing
|
Your buddy comes to you with a sure-fire way to make some quick money and help pay off your student loans. His idea is to sell T-shirts with the words “I get” on them. “You get it?” He says, “You see all those bumper stickers and T-shirts that say ‘got milk’ or ‘got surf.’ So this says, ‘I get.’ It’s funny! All we have to do is buy a used silk screen press for $9,000 and we are in business!” Assume there are no fixed costs and you depreciate the $9,000 in the first period. The tax rate is 23 percent. |
| a. |
What is the accounting break-even point if each shirt costs $4.35 to make and you can sell them for $15.90 apiece? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| b. | Now assume one year has passed and you have sold 7,700 shirts! You find out that the Dairy Farmers of America have copyrighted the “got milk” slogan and are requiring you to pay $29,000 to continue operations. You expect this craze will last for another 3 years and that your discount rate is 15 percent. What is the financial break-even point for your enterprise now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
In: Accounting
|
Your buddy comes to you with a sure-fire way to make some quick money and help pay off your student loans. His idea is to sell T-shirts with the words “I get” on them. “You get it?” He says, “You see all those bumper stickers and T-shirts that say ‘got milk’ or ‘got surf.’ So this says, ‘I get.’ It’s funny! All we have to do is buy a used silk screen press for $8,300 and we are in business!” Assume there are no fixed costs and you depreciate the $8,300 in the first period. The tax rate is 21 percent. |
| a. |
What is the accounting break-even point if each shirt costs $4.00 to make and you can sell them for $15.55 apiece? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| b. | Now assume one year has passed and you have sold 7,000 shirts! You find out that the Dairy Farmers of America have copyrighted the “got milk” slogan and are requiring you to pay $31,500 to continue operations. You expect this craze will last for another 5 years and that your discount rate is 14 percent. What is the financial break-even point for your enterprise now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
In: Finance
Mr. Aqeem is a new accounting officer of MMA Bhd. During his early tenure in the company, one of the Mr. Aqeem’s tasks is to analyse and provide opinion on an issue pertaining to the company’s litigation risk. Below is some of the relevant information to be scrutinised by him. In the year 2019, MMA Bhd has introduced a new sport bike called MX-31 through a press conference in Kuala Lumpur. However, one of its competitors, Vroom Bhd claimed that the sport bike was identical to Vroom Bhd’s product. Thus, Vroom Bhd has filed a lawsuit of RM25M against MAA Bhd for patent infringement. Based on the recent development and evidences provided by Vroom Bhd, it seems that the probable outcome of the proceeding would be 95% unfavorable to MMA Bhd. Thus, the MMA Bhd’s legal team advised that the most likely result of the court case is that the company will lose the case and has to pay RM25 million.
The company accounting period ends on 31 December.
You are required to:
1. Based on the above information, identify the probable issue faced by Mr.Aqeem (Problem identification).
2. Analyse the lawsuit case by referring to the MFRS 137 Provisions, Contingent Liabilities and Contingent Assets (Problem analysis).
3. Advice Mr. Aqeem on the right accounting treatment that should be taken regarding the lawsuit case for the year 2019 (provide justification(s)) (Generation of solution, evaluation and decision making).
In: Accounting
Capital Investments in Emerging Markets
Use the Internet and/or Strayer Learning Resource Center to research a global manufacturing company of your choice. Review the current plans that your selected company has identified for capital investments in emerging markets. Hint: You can find useful information on a company’s capital investment plans from their website and press releases.
Write a five to six (5-6) page paper in which you:
Suggest a methodology to supplement the traditional methods for evaluating the capital investments of your selected company in the emerging markets to reduce risk. Provide a rationale for your suggested methodology.
Assess one (1) way in which inflation could potentially impact planned capital investments in emerging markets and examine one (1) approach to perform an accurate evaluation of the investments. Suggest how this knowledge may impact management’s decisions.
Contrast the modifications you would make in evaluating the projects to increase internal capacity in North America with the modifications you would make in evaluating expansion projects in the global market. Suggest one (1) way that this information will impact the decisions made related to expansion.
Examine two (2) benefits of using sensitivity analysis in evaluating the projects for your selected company. Suggest how this approach can provide a competitive advantage for the company.
Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.
In: Accounting
QUESTIONS 1 and 2 are based on the information below:
FLF Corporation is preparing to evaluate capital expenditure proposals for the coming year. Because the firm employs discounted cash flow methods, the cost of capital for the firm must be estimated. The following information is provided for your analyses—
1. The market price of common stock is $60/ share
2. The dividend next year is expected to be $3/share
3. The company has paid 10% dividends in the past; the company projected to keep that rate of dividend payments to keep their investors happy.
4. New bonds can be issued at face value with a 10% coupon rate in order to attract additional investors in bonds and not in stocks.
5. The total liabilities as of this date is $400M and total equity is $600M. The company considered this their optimal capital structure.
6. As of the latest investor relations press meeting, the CEO announced that the expected revenue will grow as projected and the intend to retain $3M of the earning for expansion plans.
7. The firm’s marginal tax rate is 40%.
Without prejudice, assume that the after-tax cost of debt financing is 10% , the cost of retained earnings is 14%, and the cost of new common stock is 16%.
Question 1: If the capital expansion needs to be $7M for the coming year, what is the after-tax weighted-average cost of capital?
Question 2: What is the marginal cost of capital for any projected capital expansion in excess of $7M?
In: Finance
4. Sky Metals, Inc. is a metal fabrication firm that manufactures prefabricated metal parts for customers in a variety of industries. The firm’s motto is “If you need it, we can make it.” The CEO of Sky Metals recently held a board meeting during which he extolled the virtues of the corporation. The company, he stated confidently, had the capability to build any product and could do so using a lean manufacturing model. The firm would soon be profitable, claimed the CEO, because the company used state-of-the-art technology to build a variety of products while keeping inventory levels low. As a business press reporter, you have calculated some ratios to analyze the financial health of the firm. Sky Metals' current ratios and quick ratios for the past 6 years are shown in the following table:
|
2010 |
2011 |
2012 |
2013 |
2014 2015 |
2015 |
|
|
Current ratio |
1.2 |
1.4 |
1.3 |
1.6 |
1.8 2.2 |
2.2 |
|
Quick ratio |
1.1 |
1.3 |
1.2 |
0.8 |
0.6 0.4 |
0.4 |
What do you think of the CEO’s claim that the firm is lean and soon to be profitable?
5. If we know that a firm has a net profit margin of 4.5%, total asset turnover of 0.72, and a financial leverage multiplier of 1.43, what is its ROE? What is the advantage to using the DuPont system to calculate ROE over the direct calculation of earnings available for common stockholders divided by common stock equity?
In: Finance