Questions
Driving down a quiet street on a summer day with the car windows down, you see...

Driving down a quiet street on a summer day with the car windows down, you see a convertible
approaching from the opposite direction, with the driver playing her car stereo loudly. Having a
well-trained musician’s ear, you notice that the song you hear is in a key one semitone (the
interval between two adjacent keys on a piano) above the key in which the song is typically
heard. You also know that to shift any note by one semitone, the frequencies must be related by
a factor of 1.06. Assume both drivers are traveling at the same speed, what is their speed?

In: Physics

A student, starting from rest, slides down a water slide. On the way down, a kinetic...

A student, starting from rest, slides down a water slide. On the way down, a kinetic frictional force (a nonconservative force) acts on her. The student has a mass of 77 kg, and the height of the water slide is 12.9 m. If the kinetic frictional force does -7.1 × 103 J of work, how fast is the student going at the bottom of the slide?

In: Physics

Assume you are sitting down with your manager, or assume you are the manager sitting down...

  • Assume you are sitting down with your manager, or assume you are the manager sitting down with your employee.
  • Prepare two SMART goals for your employee./Marriott
  • Explain how these two goals meet the SMART criteria.

In: Operations Management

Discussion: I, Pencil "Actually, millions of human beings have had a hand in my creation, no...

Discussion: I, Pencil

"Actually, millions of human beings have had a hand in my creation, no one of whom even knows more than a very few of the others."

– Leonard E. Read

Think about this quote, before, during, and after you read the essay, “I, Pencil.”

For this discussion, I would like you to reflect upon this quote and the essay to answer and participate in a discussion about the following:

How is the creation of a technology actually a communal operation? How is the nature of technology, now - not just a tool, but a collection of systems upon systems upon systems? Considering the network, what must we as humans, living in a shared environment, consider in the creation of technology? Have we lost sight of the wonder of technology? The interconnectedness of its nature?

This is a global technology discussion, please reply with at least 300 words. I will rate your reply, thank you!

In: Operations Management

unit 6 DB food The purchasing function is responsible for identifying the operational needs of the...

unit 6 DB food

The purchasing function is responsible for identifying the operational needs of the organization, negotiating, determining product specifications, and working with and choosing vendors. Managers are charged with making the appropriate buying decisions in an ethical and professional manner.

Topic: Purchasing and Technology

You read about blockchain ledger technology. Now do some additional research out on the Internet and share your URL with the rest of the class regarding either videos or viable information regarding blockchain technology.

Make sure to title each response as Part A or Part B.

Part A: Technology

  • Discuss how you think this technology will change food and beverage purchasing. Explain your response.
  • Discuss how POS systems are used in eating establishments. When does it make sense to use a POS system? What advantages are there for management in using a POS system?

In: Operations Management

During 2020, the following items caused taxable income to be different than accounting income: For tax...

During 2020, the following items caused taxable income to be different than accounting income:

  • For tax purposes, CCA was $172,800 in 2020. The year-end book value is $720,000 and the tax value is $691,200.
  • In 2020 Killim Inc. paid $72,000 rent in advance for 2020 ($36,000) and 2021 ($36,000). The Canada Revenue Agency (CRA) allows the deduction of actual rent payments when they are paid. By December 31, 2020, Killim had a balance of $36,000 in Prepaid Rent.
  • In 2020, dividends of $24,000 were received from a taxable Canadian corporation and included in accounting income. These dividends are not taxable.
  • In 2020, a golf club membership of $7,200 was an expense in arriving at accounting income. This is not an allowable deduction for tax purposes.
  • In 2020, Killim Inc. offered a warranty on goods sold. Warranty expenses for 2020 were $26,400 and warranty cash payments in 2020 were $9,600. The balance of the warranty liability on the statement of financial position is $16,800. The Canada Revenue Agency (CRA) allows the deduction of actual warranty costs when they are paid.

Required:

( a ) Calculate taxable income for 2020.

( b ) Calculate current income taxes payable for 2020.

( c ) Calculate the balance of any deferred income taxes asset and deferred income tax liability at December 31, 2020. Do this for each item and identify any balances as either a deferred tax asset or a deferred tax liability.

            (d ) Prepare the journal entry(s) to record current income taxes for 2020 and record an entry for of the deferred tax determined in part c.

During 2020, the following items caused taxable income to be different than accounting income:

  • For tax purposes, CCA was $172,800 in 2020. The year-end book value is $720,000 and the tax value is $691,200.
  • In 2020 Killim Inc. paid $72,000 rent in advance for 2020 ($36,000) and 2021 ($36,000). The Canada Revenue Agency (CRA) allows the deduction of actual rent payments when they are paid. By December 31, 2020, Killim had a balance of $36,000 in Prepaid Rent.
  • In 2020, dividends of $24,000 were received from a taxable Canadian corporation and included in accounting income. These dividends are not taxable.
  • In 2020, a golf club membership of $7,200 was an expense in arriving at accounting income. This is not an allowable deduction for tax purposes.
  • In 2020, Killim Inc. offered a warranty on goods sold. Warranty expenses for 2020 were $26,400 and warranty cash payments in 2020 were $9,600. The balance of the warranty liability on the statement of financial position is $16,800. The Canada Revenue Agency (CRA) allows the deduction of actual warranty costs when they are paid.

Required:

( a ) Calculate taxable income for 2020.

( b ) Calculate current income taxes payable for 2020.

( c ) Calculate the balance of any deferred income taxes asset and deferred income tax liability at December 31, 2020. Do this for each item and identify any balances as either a deferred tax asset or a deferred tax liability.

            (d ) Prepare the journal entry(s) to record current income taxes for 2020 and record an entry for of the deferred tax determined in part c.

In: Finance

CASE # 2 (China Company) What could be more self-explanatory about corporate values than naming your...

CASE # 2 (China Company)
What could be more self-explanatory about corporate values than naming your business “China Company?” Zhong and Wang are Chinese characters for loyalty, dedication, and prosperity. It certainly worked out for the Liaoning Province–based Chinese aluminum developer and manufacturer.
Founded in 1993, it had total assets of US$3.9 billion. In 2014, the company’s revenue was around 16 billion RMB ($2.5 billion). The company is the largest producer of extruded aluminum in Asia and the second largest in the world, with its product being used in many industries—from rail carriages to power plants. From the outset the business sought to be sustainable, prosperous, and contribute to society.
The aluminum industry is highly competitive, and China Company is not only interested in value creation, but also in encouraging its customers to expand their businesses. The company is looking to expand their operations in Europe and the U.S., with Lu Changqing, the executive director and vice president saying, “We’re actively seeking cooperation in Europe and the U.S., including potential acquisitions.”
Employee contribution and a commitment to excellence have been key to the company’s success. Certain elements— like responsible corporate citizenship and operation management with integrity—are built into corporate values. The trick was transforming a corporate slogan into a corporate reality. In 2012 the Chinese government certified China Company as a “State Accredited Enterprise Technology Centre.
China Company was recognized not only for its technology, leadership, and strategy, but also for the fact that its management practices were inspirational to other companies in China. Li Beibei, the director of public affairs of China Company, believed the award showed that the company’s
Page 4 of 8

achievements went beyond its production and technology. It was recognized for its innovative business culture, management practices, and broad vision.
The company’s single principal shareholder, Liu Zhongtian—a self-made billionaire, who according to Forbes had a net worth of US$3.2 billion as of May 2015—said the company’s rapid growth has been a result of “perseverance and determination.”
As a result of its long-held desire for the business to become a world-class international producer, the company has initiated a shift toward high-end, high-value-added products. The business has expanded not only by increasing its production capabilities, but also through horizontal expansion. This expansion has allowed it greater dominance in the domestic Chinese market, as well as the export market.
China Company’s core values are fivefold. First, it tries to add value and grow alongside its customers; second, it develops its own talent, particularly in relation to innovation, teamwork, and pursuit of excellence. Third, China Company wants to create sustainable earnings growth and reward investors and shareholders. The fourth core value is to be a responsible corporate citizen and to do business with integrity, which includes supporting charities and community events. Finally, it is to establish a business that is trusted by customers and to retain and develop key employees to push the business forward into the future. The company also professes a “customers first” philosophy. Employee training focuses on responding to customer requirements and changing market needs in order to achieve high levels of customer satisfaction.
The aluminum business had to position itself carefully, responding to the demands of the external environment. Rather than react to environmental issues, organizations like China Company have taken immediate steps to cut down on energy use and reduce waste. Globally, the industry can boast that aluminum is the most commonly recycled metal in the world. Clearly, this approach permeates enterprises such as China Company as part of its overall commitment to social responsibility.
China Company is committed to the lifelong learning and career development of the employees, helping each person to effectively combine their talent development goals with corporate development. The company conducted operational and theoretical skill training for specialized operational personnel; they also worked with local government bodies to offer Pre-appointment Bridge-up Training,” a training program for laid-off workers to help develop their professional skills and operation capabilities. Training programs were organized with a total participation of 27,470 individuals, with all staff members having enrolled. To acknowledge the achievements of the employees, China Company awarded titles of “May Day” medal and “Workers’ Vanguard” for excellent performance.
As a member of the Hong Kong Stock Exchange, China Company continues to have great access to potential investment. The company is ranked first among the major Chinese aluminum companies and continues to expand. In retaining its core values of commitment, diligence, responsibility, and innovation, the business has become a major developer and manufacturer of high-quality aluminum products in the world, and at the same time reflects thoughtful response to demands from the external environment.




Case # 2- Discussion Questions
1. What are China Company’s corporate values? How do you think these values influence the way employees do their work?
2. Using the company’s corporate values, describe the organizational culture. In which areas would you say that the company’s culture is very high (or typical)? Explain.
3. How is China Company’s corporate culture maintained?
4. “The right culture with the right values will always produce the best organizational
performance.” What do you think of this statement? Do you agree? Why or why not?

In: Economics

CASE # 2 (China Company) What could be more self-explanatory about corporate values than naming your...

CASE # 2 (China Company)
What could be more self-explanatory about corporate values than naming your business “China Company?” Zhong and Wang are Chinese characters for loyalty, dedication, and prosperity. It certainly worked out for the Liaoning Province–based Chinese aluminum developer and manufacturer.
Founded in 1993, it had total assets of US$3.9 billion. In 2014, the company’s revenue was around 16 billion RMB ($2.5 billion). The company is the largest producer of extruded aluminum in Asia and the second largest in the world, with its product being used in many industries—from rail carriages to power plants. From the outset the business sought to be sustainable, prosperous, and contribute to society.
The aluminum industry is highly competitive, and China Company is not only interested in value creation, but also in encouraging its customers to expand their businesses. The company is looking to expand their operations in Europe and the U.S., with Lu Changqing, the executive director and vice president saying, “We’re actively seeking cooperation in Europe and the U.S., including potential acquisitions.”
Employee contribution and a commitment to excellence have been key to the company’s success. Certain elements— like responsible corporate citizenship and operation management with integrity—are built into corporate values. The trick was transforming a corporate slogan into a corporate reality. In 2012 the Chinese government certified China Company as a “State Accredited Enterprise Technology Centre.
China Company was recognized not only for its technology, leadership, and strategy, but also for the fact that its management practices were inspirational to other companies in China. Li Beibei, the director of public affairs of China Company, believed the award showed that the company’s

achievements went beyond its production and technology. It was recognized for its innovative business culture, management practices, and broad vision.
The company’s single principal shareholder, Liu Zhongtian—a self-made billionaire, who according to Forbes had a net worth of US$3.2 billion as of May 2015—said the company’s rapid growth has been a result of “perseverance and determination.”
As a result of its long-held desire for the business to become a world-class international producer, the company has initiated a shift toward high-end, high-value-added products. The business has expanded not only by increasing its production capabilities, but also through horizontal expansion. This expansion has allowed it greater dominance in the domestic Chinese market, as well as the export market.
China Company’s core values are fivefold. First, it tries to add value and grow alongside its customers; second, it develops its own talent, particularly in relation to innovation, teamwork, and pursuit of excellence. Third, China Company wants to create sustainable earnings growth and reward investors and shareholders. The fourth core value is to be a responsible corporate citizen and to do business with integrity, which includes supporting charities and community events. Finally, it is to establish a business that is trusted by customers and to retain and develop key employees to push the business forward into the future. The company also professes a “customers first” philosophy. Employee training focuses on responding to customer requirements and changing market needs in order to achieve high levels of customer satisfaction.
The aluminum business had to position itself carefully, responding to the demands of the external environment. Rather than react to environmental issues, organizations like China Company have taken immediate steps to cut down on energy use and reduce waste. Globally, the industry can boast that aluminum is the most commonly recycled metal in the world. Clearly, this approach permeates enterprises such as China Company as part of its overall commitment to social responsibility.
China Company is committed to the lifelong learning and career development of the employees, helping each person to effectively combine their talent development goals with corporate development. The company conducted operational and theoretical skill training for specialized operational personnel; they also worked with local government bodies to offer Pre-appointment Bridge-up Training,” a training program for laid-off workers to help develop their professional skills and operation capabilities. Training programs were organized with a total participation of 27,470 individuals, with all staff members having enrolled. To acknowledge the achievements of the employees, China Company awarded titles of “May Day” medal and “Workers’ Vanguard” for excellent performance.
As a member of the Hong Kong Stock Exchange, China Company continues to have great access to potential investment. The company is ranked first among the major Chinese aluminum companies and continues to expand. In retaining its core values of commitment, diligence, responsibility, and innovation, the business has become a major developer and manufacturer of high-quality aluminum products in the world, and at the same time reflects thoughtful response to demands from the external environment.


Case # 2- Discussion Questions
1. What are China Company’s corporate values? How do you think these values influence the way employees do their work?
2. Using the company’s corporate values, describe the organizational culture. In which areas would you say that the company’s culture is very high (or typical)? Explain.
3. How is China Company’s corporate culture maintained?
4. “The right culture with the right values will always produce the best organizational
performance.” What do you think of this statement? Do you agree? Why or why not?

In: Economics

Washington City created an Information Technology department in 2013 to centralize information technology (IT) functions for...

Washington City created an Information Technology department in 2013 to centralize information technology (IT) functions for the city. The goal of the department was to reduce costs, avoid duplication of efforts, and provide up-to-date technology to all of the city’s operations. The fund was designed to be self-supporting; that is, all costs are to be recovered through user fees, but any excess of fees over expenses should be less than 5%. The pre-closing trial balance for the IT department as of December 31, 2017 is shown below.
Debits Credits
  Cash $ 14,500
  Due from Other Funds 4,250
  Materials and Supplies Inventory 350
  Machinery and Equipment 53,600
  Accumulated Depreciation $ 30,100
  Accounts Payable 2,550
  Payroll Taxes Payable 2,650
  Due to Other Funds 1,200
  Net Position – Net Investment in Capital Assets 23,500
  Net Position – Unrestricted 12,700
$ 72,700 $ 72,700
During the fiscal year ended December 31, 2017, the following transactions (summarized) occurred:
1.

Gross employee wages were $57,600, including the employer’s share of social security taxes amounting to $4,100. Federal income and social security taxes withheld from that amount totaled $18,725.
2. Office expenses in the amount of $3,700 were paid in cash.
3. Materials and supplies purchased on account during the year were $8,400.
4. Received a bill totaling $14,525 for utilities provided by Washington City’s utility fund.
5. Cash paid to the federal government for payroll taxes was $23,000.
6. Cash paid to the Utility Fund was $14,500.
7. Accounts payable at year end totaled $2,950.
8. Materials and supplies used during the year were $8,250.
9. Charges to departments during the fiscal year were as follows:
  General Fund $ 57,500
  Special Revenue Fund 20,600
10. Unpaid balances at year end were:
  General Fund $ 3,500
  Special Revenue Fund 1,800
11. The depreciation for the year was $6,100.
12. Revenue and expense accounts for the year were closed.
Required
a-1.

Prepare journal entries for the Information Technology Fund for 2017. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (Journal entries are numberes 1-11)


1. Gross employee wages were $57,600, including the employer’s share of social security taxes amounting to $4,100. Federal income and social security taxes withheld from that amount totaled $18,725.

2. Office expenses in the amount of $3,700 were paid in cash.

3. Materials and supplies purchased on account during the year were $8,400.

4. Received a bill totaling $14,525 for utilities provided by Washington City’s utility fund.

5. Cash paid to the federal government for payroll taxes was $23,000.

6. Cash paid to the Utility Fund was $14,500.

7. Accounts payable at year end totaled $2,950.

8. Materials and supplies used during the year were $8,250.

9. Record the billing to departments.

10. Record the cash received from other funds.

11. The depreciation for the year was $6,100.

Additionally,

Prepare closing entry for the Information Technology Fund for 2017. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (Journal Entries are numbered 1-3)

1. Record the closure of revenue and expense accounts.

2. Record the operating loss for the year.

3. The depreciation for the year was $6,100.

In: Accounting

Early in 2020, Dobbs Corporation engaged Kiner, Inc. to design and construct a complete modernization of...

Early in 2020, Dobbs Corporation engaged Kiner, Inc. to design and construct a complete modernization of Dobbs's manufacturing facility. Construction was begun on June 1, 2020 and was completed on December 31, 2020. Dobbs made the following payments to Kiner, Inc. during 2020:

Date Payment
June 1, 2020 $2,440,000
August 31, 2020 3,660,000
December 31, 2020 3,050,000


In order to help finance the construction, Dobbs issued the following during 2020:

1. $2,074,000 of 10-year, 9% bonds payable, issued at par on May 31, 2020, with interest payable annually on May 31.
2. 300,000 shares of no-par common stock, issued at $10 per share on October 1, 2020.


In addition to the 9% bonds payable, the only debt outstanding during 2020 was a $518,500, 12% note payable dated January 1, 2016 and due January 1, 2023, with interest payable annually on January 1.

Compute the amounts of each of the following:

1. Weighted-average accumulated expenditures qualifying for capitalization of interest cost.
2. Avoidable interest incurred during 2020.
3. Total amount of interest cost to be capitalized during 2020.
1. Weighted-average accumulated expenditures $
2. Avoidable interest $
3. Amount of interest cost to be capitalized $

In: Accounting