Questions
Feel comfortable to express your own thoughts and ideas in a brief paragraph or two. Topic:...

Feel comfortable to express your own thoughts and ideas in a brief paragraph or two.

Topic: When you travel to South America, you encounter countries that have a vast amount of natural resources, and very large labor forces. However, despite an abundance of these resources, you also see a lot of poverty.

Can you provide an economic explanation of why poverty exists?

In: Economics

Using one Unix command, how to go to my home directory using tilde, ~. Using one...

  1. Using one Unix command, how to go to my home directory using tilde, ~.
  2. Using one Unix command, how to go to your home directory using tilde, ~.
  3. Make sure you are in your home directory.
    Using one Unix command, how to go to your hw4 directory inside your hw directory, inside your it244directory using a relative pathname.
  4. Using one Unix command, how to go to my home directory using an absolute pathname.
  5. Using one Unix command, how to go to the it244_files directory inside the course_files directory, inside my home directory, using an absolute pathname.
  6. Using one Unix command, how to go to my home directory using a relative pathname using ...
  7. Using one Unix command, go to your home directory.
    Once you are there go to your it244 directory using a relative pathname.
  8. How would you make sure you are in your it244 directory.
    Using touch create a file named test.txt.
    Go to your hw4 directory.
    Using .. stay in your hw4 directory but list the contents of your it244 directory.
  9. How to make sure you are in your hw4 directory.
  10. Stay in this directory and copy the test.txt file from your it244 directory to your hw4 directory using a relative pathname.
  11. Using one Unix command and multiple instances of.., go to your home directory.
    Once you are there, show me that you are in the right directory.
    Using one Unix command, copy the test.txt file from your it244/hw/hw4 directory to your home directory.
    List the contents of the directory

In: Computer Science

Due to changes in social structures such as the economy and corporate America, some argue the...

Due to changes in social structures such as the economy and corporate America, some argue the American Dream is no longer available to all Americans. On the other hand, others still believe anyone can climb the social ladder and experience social mobility. Think about whether you agree or disagree with the idea that social mobility is achievable for most Americans.

Write an essay expressing your opinion about social mobility and the American Dream. Be sure to explain the sociological terms structural mobility and life chances in your response. Integrate these terms and concepts to discuss whether the American Dream is achievable for most Americans.

In: Psychology

Hendrix has four operating divisions. During the first quarter of 2018, the company reported the divisional...

Hendrix has four operating divisions. During the first quarter of 2018, the company reported the divisional results shown below and aggregate income shown below.
Division: North America South America Europe Asia Aggregate Income
Sales $          543,434 $          423,514 $          330,562 $          194,046
Cost of goods sold              337,346               277,435               294,354               161,480
Selling and administrative expenses                 65,959                 87,145                 73,142                 75,236
Income (loss) from operations $          140,129 $             58,934 $          (36,934) $          (42,670) $       119,459
Analysis reveals the following percentages of variable costs in each division.
Division: North America South America Europe Asia
Cost of goods sold 69.0% 80.5% 77.0% 91.0%
Selling and administrative expenses 39.0% 49.5% 63.0% 71.0%
Discontinuance of any division would save 50% of the fixed costs and expenses for that division.
Top management is very concerned about the unprofitable divisions (Europe and Asia). Consensus is that one or both of the divisions should be discontinued.
Instructions - Your solutions should be clearly labeled on Solutions of this workbook.
(a) Compute the contribution margin for the Europe and Asia Divisions. (See illustration 20-17 for guidance, if needed.)
(b) Prepare an incremental analysis concerning the possible discontinuance of (1) Europe Division and (2) Asia Division. What course of action do you recommend for each division? Should either be closed? (See illustration 20-18 for guidance, if needed.)
(c) Prepare a columnar condensed income statement for Hendrix Industries, assuming the division(s) that should be eliminated are eliminated. Use the CVP format. Remember: Closed division's unavoidable fixed costs are allocated equally to the continuing divisions. (See Illustrations 20-16 and 20-17 for guidance, if needed.)

In: Accounting

Please answer each question in 350-500 words. How have you observed/experienced diversity in the work place(Marriott...

Please answer each question in 350-500 words.

How have you observed/experienced diversity in the work place(Marriott Hotel)? This can be co-worker to co-worker, co-worker to guest, etc. These different groups include male/female, ages, sexual orientation, race, socioeconomic status, etc.

In: Operations Management

Suppose that China has 60 workers. 4 chinese workers can produce a motorcycle and 6 chinese...

  1. Suppose that China has 60 workers. 4 chinese workers can produce a motorcycle and 6 chinese workers can produce a car. So china can produce a maximum of 15 motorcycles and a maximum of 10 cars.

America also has 60 workers. 3 American workers can produce a motorcycle and 4 American workers can produce a car. So america can produce a maximum of 20 motorcycles and a maximum of 15 cars.

  1. Which country has an absolute advantage in producing motorcycles?


  1. Which country has an absolute advantage in producing cars?


  1. Calculate the opportunity cost of producing motorcycles in each country.






  1. Which country has a comparative advantage in producing motorcycles?


  2. Calculate the opportunity cost of producing cars in each country.







  3. Which country has a comparative advantage in producing cars?

In: Economics

Did Mexico experience a real revolution in the early twentieth century and how does this experience...

Did Mexico experience a real revolution in the early twentieth century and how does this experience distinguish Mexico from other Latin American countries?

In: Economics

True or false: It is never optimal to exercise an American call option (on a non-dividend...

True or false: It is never optimal to exercise an American call option (on a non-dividend paying stock) early.

Group of answer choices

True

False

In: Finance

Sports Inc., a retailer of high-quality activewear, has been considering a number of different expansion opportunities...

Sports Inc., a retailer of high-quality activewear, has been considering a number of different expansion opportunities in recent years. One option is to purchase Goodlife Co., a manufacturer and distributor of sporting good equipment. The company's sole shareholder is Martin. Goodlife Co’s manufacturing facility is in Winnipeg, and it has sales and distribution branches in Mississauga, Alberta, and in Montreal.

Sports Inc. is considering the acquisition to expand into this market. However, before moving any further with this idea, Sports Inc. has requested an audit of Goodlife Co.

Sen and Ken Chartered Professional Accountants (SK) have been engaged to perform the year-end audit. You, CPA, are the audit manager on the Goodlife Co. year-end audit and are meeting with Martin to discuss the results for the year.

Martin has brought the company's draft financial statements to your office.

Martin: It has been a difficult year. Most of our customers are in Alberta and Montreal. This year, we began selling into the South America and Argentina. We attended major trade shows in the South America and Argentina early in the year to promote our company and products. It was the first time we had attended these types of events, and the related travel and advertising costs were over $40,000.

We received a number of orders, and in anticipation of the increased demand, we purchased raw materials. Things were looking great and then there was a financial crisis. Demand for sporting equipment fell dramatically. In order to remain competitive, we had to reduce our selling prices; even so, a number of our customers have gone bankrupt or are having significant difficulty. I have been really busy and have not spent much time following up with customers and reviewing their outstanding balances.

At the same time, the bank imposed a new covenant requiring that the debt-to-equity ratio remain below 1.0. To avoid any staff reductions, the administrative staff agreed to take a week off without pay and forgo raises for the year. In addition, although I received a $75,000 bonus last year, I didn't take a bonus this year. Unfortunately, one of our main pieces of manufacturing equipment unexpectedly broke down during the year, and we incurred close to $30,000 in costs to repair it.

Question:

You are beginning the risk assessment for the upcoming audit of Goodlife Co. Perform a year-over-year comparison of key ratios including accounts receivable turnover, inventory turnover, current ratio, gross profit margin, and debt to equity, and identify accounts that are at a risk of material misstatement and would warrant further investigation during the audit, given the changes in ratios and considering the provided case facts. In addition, include a procedure to address the identified risks.

Goodlife Co.
Balance Sheets
As at December 31 (ASPE)

Current year (Draft)

Prior year
(Audited)

Assets

Current assets:

Cash

$1,140

$16,635

Accounts receivable

377,602

252,477

Inventory

283,906

195,632

Prepaid expenses

       26,744

       30,611

689,392

495,355

Property, plant, and equipment (net)

1,840,415

1,788,420

$2,529,807

$2,283,775

Liabilities and shareholders' equity

Current liabilities:

Demand bank loan

$61,600

$65,100

Accounts payable and accruals

319,720

295,793

Income taxes payable

402

638

Current portion of term bank loan

       28,000

       28,000

409,722

389,531

Term bank loan

     658,000

     686,000

1,067,722

1,075,531

Share capital

1,000

1,000

Retained earnings

1,461,085

1,207,244

$2,529,807

$2,283,775

Goodlife Co.
Statements of income and retained earnings
For the years ended December 31 (ASPE)

Current year (Draft)

Prior year (Audited)

Sales

$2,791,275

$2,705,030

Cost of sales

1,396,238

1,379,658

Gross profit

1,395,037

1,325,372

Expenses:

Amortization

214,105

249,866

Bad debts

11,060

14,004

Interest and bank charges

83,748

93,488

Professional fees

34,221

5,060

Repairs and maintenance

70,530

20,535

Salaries and wages

527,063

553,040

Selling, general, and administrative

142,242

189,273

Income before taxes

312,068

200,106

Income taxes

       58,227

       34,088

Net income

253,841

166,018

Retained earnings, opening

1,207,244

1,041,226

Retained earnings, closing

$1,461,085

$1,207,244

In: Accounting

In what ways do advertisers in magazines use sexual imagery to appeal to youth? One study...

In what ways do advertisers in magazines use sexual imagery to appeal to youth? One study classified each of 1509 full-page or larger ads as "not sexual" or "sexual," according to the amount and style of the dress of the male or female model in the ad. The ads were also classified according to the target readership of the magazine. Here is the two-way table of counts.

Magazine readership
Model dress Women Men General interest Total
Not sexual 356 503 246 1105
Sexual 214 86 104 404
Total 570 589 350 1509

(a) Summarize the data numerically and graphically. (Compute the conditional distribution of model dress for each audience. Round your answers to three decimal places.)

Women Men General
Not sexual    
Sexual    


(b) Perform the significance test that compares the model dress for the three categories of magazine readership. Summarize the results of your test and give your conclusion. (Use α = 0.01. Round your value for χ2 to two decimal places, and round your P-value to four decimal places.)

χ2 =
P-value =

In: Statistics and Probability