Questions
A Mexican company is evaluating alternatives to hedge its accounts receivable in US$ due in three...

A Mexican company is evaluating alternatives to hedge its accounts receivable in US$ due in three months. A futures hedge for this transaction will be

Group of answer choices

buying a Peso futures contract.

buying a US$ futures contract.

selling a Peso futures contract.

selling a US$ futures contract.

In: Finance

In 2018, the company made improvement to leased office space in the amount of $46,978. At...

In 2018, the company made improvement to leased office space in the amount of $46,978. At that time, the remaining term on the lease was 7 years with renewals of 2 and 3 years.

In 2020, further improvements were made to the leased space in the amount of $68,094.

Calculate the maximum impact on business income from leasehold improvements.

In: Accounting

CASE # 3 (Crisis Planning at Livestrong Foundation) In 1996, Lance Armstrong, the now-disgraced pro cyclist,...

CASE # 3 (Crisis Planning at Livestrong Foundation)
In 1996, Lance Armstrong, the now-disgraced pro cyclist, was diagnosed with testicular cancer. Only 25 years old when he found out he had cancer, Armstrong chose to focus on being a survivor, not a victim. During his personal battle with cancer, he soon realized there was a critical lack of resources for individuals facing this disease. He decided to start a foundation devoted to helping others manage their lives on the cancer journey. Since 1998, the Livestrong Foundation has served millions of people affected by cancer. But in October 2012, everything turned upside down for the organization. That’s when the U.S. Anti-Doping Agency released its report that “concluded once and for all that Lance Armstrong, the cancer charity’s founder and chairman, was guilty of doping during his legendary cycling career.”
Doug Ulman, CEO and president of the Livestrong Foundation at the time, said he remembers that day clearly. In fact, he had anticipated for months that this day would come. As good friends, Ulman had believed Armstrong’s statements of innocence over the years. But now, “there was no more hiding.” After the news broke, Ulman called a meeting of every one of the foundation’s 100-person staff, all squeezing into the foundation’s boardroom. There, shoulder to shoulder and crammed together, the suspicions and tingling uncertainties all of a sudden became all too real. When Ulman announced that the organization could no longer “defend” its founder, it was a defining, watershed moment. Livestrong, the once highflying charity which had raised half a billion dollars over the years, was now facing a crisis—maybe even a life-or death crisis— of its own. Now, Livestrong would be operating in “life without Lance” mode.
Although it might be tempting to write off Livestrong as a hopeless case, Ulman and the rest of Livestrong’s staff have worked hard to keep the foundation viable and focused on its purpose. It’s not to ignore the challenges facing the Crisis Planning at Livestrong Foundation organization, because those challenges are significant. But in managing through the crisis, Ulman had to keep staff morale up and make plans to transform and distance itself from Mr. Armstrong. One piece of advice he received from a crisis communications firm was to take the opportunity to get the foundation’s message out. Like many of the cancer sufferers it helps, Livestrong wanted to come out on the other side stronger than ever. It’s not been easy. The foundation has lost some of its biggest sponsors, including Nike and RadioShack. Revenues fell in 2012 and 2013. But in addition to his “crisis management” responsibilities, Ulman has been formulating plans and strategies. He says, “It’s so ironic—we are in the business of survivorship, that’s what we do. Now we find ourselves dealing with the same circumstances in a totally different place.”
Page 6 of 8

A new phase in Livestrong’s history began in early 2015. The foundation’s Board of Directors announced a new president and CEO, Chandini Portteus. She comes to Livestrong from Susan G. Komen, the most widely known, largest, and best funded breast cancer organization in the United States. With her extensive knowledge and skills in fundraising, global programming, and advocacy, Livestrong has an individual well-versed in the challenges of leading this organization into the future.
Case # 3- Discussion Questions
1. Could an organization even plan for this type of situation? If yes, how? If not, why not?
2. How would goals be useful in this type of situation? What types of goals might be
necessary?
3. What types of plans will be useful to Livestrong? Explain why you think these plans
would be important.
4. What lessons about planning can managers learn from what Livestrong has endured?

In: Economics

You are the CFO of a sizable publicly-traded, multinational firm. Over the last 20 months, you've...

You are the CFO of a sizable publicly-traded, multinational firm. Over the last 20 months, you've been working tirelessly to put together a deal for the construction of a very large manufacturing plant in Tokyo, Janapan. It's been quite a journey. You've spent weeks on end in Japan working with government representatives, architects, engineers and local contractors to get the project ready to go.  

Back here in ohio, you've also worked out the details on a $140,000,000 syndicated debt facility led by JP Morgan and they're ready to go with a construction loan. That, and another $70,000,000 of the Company's cash reserves will fund the project's total cost.

This morning, as usual, you're at your desk when the CEO walks down the hall by your office with what looks to you to be a distracted look on her face. She stops, looks at you and says: "This escalating tension between us and China over the Covid-19 pandemic. . .Should that impact our strategy to move forward on the project? Let's plan on having lunch in my office so you can tell me what you think."

Well, there goes the morning! What do you tell the CEO at lunch time?

In: Accounting

Question 2 (10 marks) Like other higher education institutions, York University is intensely preparing for the...

Question 2

Like other higher education institutions, York University is intensely preparing for the start of the new academic year in September, when a large new cohort of students will enter York for their first year of higher education. For the purpose of this question, we will assume that this preparation includes a contingency plan to deal with the a situation where limits will still be in place on in-person gatherings during the start of the fall 2020 term. Considering our course content on socialization and organizational culture, describe your own socialization process to York. Use your own socialization experiences when you came to York U as examples when you apply relevant concepts. Then, identify challenges and opportunities for the socialization process of newly admitted students that are expected to start their studies at York in September 2020. Explain why it is important for organizations such as York U to get the socialization process right in September. Ensure to articulate your arguments clearly and provide support for your claims, using and applying relevant concepts.

In: Operations Management

Presented below is selected information for Oriole Company. Answer the questions asked about each of the...

Presented below is selected information for Oriole Company.

Answer the questions asked about each of the factual situations. (Do not leave any answer field blank. Enter 0 for amounts.)

1. Oriole purchased a patent from Vania Co. for $1,140,000 on January 1, 2018. The patent is being amortized over its remaining legal life of 10 years, expiring on January 1, 2028. During 2020, Oriole determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. What amount should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020?

The amount to be reported

$enter the dollar amount to be reported


2. Oriole bought a franchise from Alexander Co. on January 1, 2019, for $320,000. The carrying amount of the franchise on Alexander’s books on January 1, 2019, was $320,000. The franchise agreement had an estimated useful life of 30 years. Because Oriole must enter a competitive bidding at the end of 2021, it is unlikely that the franchise will be retained beyond 2028. What amount should be amortized for the year ended December 31, 2020?

The amount to be amortized

$enter the dollar amount to be amortized


3. On January 1, 2020, Oriole incurred organization costs of $260,000. What amount of organization expense should be reported in 2020?

The amount to be reported

$enter the dollar amount to be reported


4. Oriole purchased the license for distribution of a popular consumer product on January 1, 2020, for $144,000. It is expected that this product will generate cash flows for an indefinite period of time. The license has an initial term of 5 years but by paying a nominal fee, Oriole can renew the license indefinitely for successive 5-year terms. What amount should be amortized for the year ended December 31, 2020?

The amount to be amortized

$enter the dollar amount to be amortized

In: Accounting

Last week, you performed a trend analysis for the manufacturing company you selected in week 2....

Last week, you performed a trend analysis for the manufacturing company you selected in week 2. For this week, please refer back to that company and assess the financial statements using the ratio tools you have acquired in the course.

Select at least one profitability, liquidity, solvency, and market valuation ratio and evaluate the results. Based on your findings, post an initial response to the following: What do the metrics tell you about the company’s performance? Support your answer by explaining the results from your assessment. If you were considering investing in the company, what other questions would you ask to gain further insight into the performance? minimum 250 words, the company was Apple Inc.

In: Accounting

Last week, you performed a trend analysis for the manufacturing company you selected in week 2....

Last week, you performed a trend analysis for the manufacturing company you selected in week 2. For this week, please refer back to that company and assess the financial statements using the ratio tools you have acquired in the course. Select at least one profitability, liquidity, solvency, and market valuation ratio and evaluate the results.

Based on your findings, post an initial response to the following:

What do the metrics tell you about the company’s performance? Support your answer by explaining the results from your assessment.

If you were considering investing in the company, what other questions would you ask to gain further insight into the performance?

minum250 words, company was Microsoft corp

In: Accounting

Exercise 14-6 On January 1, 2020, Culver Corporation acquired the following properties: 1. Investment property consisting...

Exercise 14-6

On January 1, 2020, Culver Corporation acquired the following properties:
1. Investment property consisting of land and an apartment building in Toronto for $1.5 million. To finance this transaction, Culver Corporation issued a five-year interest-free promissory note to repay $2,307,941 on January 1, 2025.
2. Vacant land in Rome, Italy for $5 million. To finance this transaction, Culver Corporation obtained a 6% mortgage for the full purchase price, secured by the land, with a maturity date of January 1, 2030. Interest is payable annually. If Culver Corporation borrowed this money from the bank, the company would need to pay 9% interest.

Click here to view the factor table PRESENT VALUE OF 1.
Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1.
Using (1) factor tables, (2) a financial calculator, or (3) Excel function PV, calculate the value of the mortgage. Using the calculation from the tables, record Culver Corporation’s journal entries on January 1, 2020, for each of the purchases. (Hint: Refer to Chapter 3 for tips on calculating.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

Jan. 1, 2020

    No Entry    Investment Property    Interest Expense    Notes Payable    Mortgage Payable    Land    Cash    

    Investment Property    Notes Payable    Mortgage Payable    Land    Cash    No Entry    Interest Expense    

(To record purchase of land and building)

Jan. 1, 2020

    Land    Cash    No Entry    Interest Expense    Investment Property    Notes Payable    Mortgage Payable    

    Land    No Entry    Mortgage Payable    Cash    Interest Expense    Investment Property    Notes Payable    

(To record purchase of land)

Record the interest at the end of the first year on both instruments using the effective interest method. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation

Debit

Credit

    Investment Property    Cash    Interest Expense    Mortgage Payable    Land    No Entry    Notes Payable    

    Investment Property    Land    Notes Payable    Mortgage Payable    No Entry    Interest Expense    Cash    

(To record interest on five-year note)

    No Entry    Land    Mortgage Payable    Investment Property    Notes Payable    Interest Expense    Cash    

    Mortgage Payable    Land    No Entry    Notes Payable    Interest Expense    Cash    Investment Property    

    Interest Expense    Mortgage Payable    Land    No Entry    Cash    Notes Payable    Investment Property    

(To record interest on ten-year mortgage)

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In: Accounting

Q–7. An American investor purchased 100 shares of a French beyond meat company on January 1,...

Q–7. An American investor purchased 100 shares of a French beyond meat company on January 1, 2018 at €93.00 per share. e French company paid an annual dividend of €0.72 on December 31st, 2018 to all its shareholders. e stock was sold that day as well for €100.25. e exchange rate was € 0.68 per US dollar on January 1,2018 and €0.71 per US dollar on December 31, 2018. What is the investor’s total return in US dollars?

In: Finance