Pharoah Company had the following selected transactions.

The Michael Scott Paper company has two retail outlets not far from each other (let us denote them by A and B). Assume that they sell one kind of plain paper. Weekly demand in each store is identical and is given by the following forecast — demand is either 3 units or 5 units with equal likelihood. Further, assume that the demands across the two outlets are independent. The cost structure for plain paper is as follows — revenue per unit of sale is $4. The cost of purchasing is $1.6 per unit (do not worry what units we are dealing with, the costs and demand have been scaled suitably). Ignore all other costs including the holding cost of inventory and the goodwill cost of a lost sale, which for the purposes of this computation, we assume to be zero. Consider a weekly time horizon. Also assume zero salvage costs.

1) If each store makes independent stocking decisions, how much should each store stock in anticipation of demand?

2) Jim Halpert, the inventory manager of the paper company, decides to come up with a different operational structure. He realizes there is an empty warehouse close to both stores. He decides to buy and store inventory in this central warehouse and replenish instantaneously when stores have demand. What is the new optimal stocking quantity in this central warehouse? What operational strategy is Jim Halpert attempting to leverage? Given the same cost and revenue structure, will he save any costs or will the costs increase? Justify your results with computation.

"Taxing Multinational Transactions" “WakeUP”, a Mississippi company that produces coffee products, sells their products throughout the United States and is considering expanding its business into Europe. If so, they will have income derived from sales to US Customers and income derived from sales within Europe. Assess the impacts that selling their products abroad will have to WakeUP and any tax incentives that will apply to their situation.

Scenario you are a 30 year old college student going to school for business and will graduate in a year.

Instructions:

Find a company online where you would like to apply for a job.

Research the company and write a description using the guidelines below.

Answer the question: Why do you want to work for this company?

Do Your Homework

When I say, “homework” I am referring to research and preparation in three key areas:

Know yourself

Know the company

Know the position and the department

Know Yourself

Before you talk to employers, or even network for positions, you need to have a strong grasp of what you can offer them. (What’s the return on investment you provide to the employer?)

You should be able to talk about your strengths and your accomplishments, and to readily give concrete answers to questions such as “What are your greatest strengths?” “Why should we hire you?” and “Tell me about yourself” as well as “What do you know about us? And “Why do you want to work here?

Know the Company

Get to know the companies you will be talking to (or talking about, if networking). When you know details about them, their culture, their goals, their products, and their challenges, you are then able to talk about yourself and your fit into the company.

Google the company and read all you can. Visit their company website to learn more about them.

Know the Position and the Department

In this economy, there is no room for shopping for “any job you find me qualified for.” Instead, you need to know where you would fit into the company, whether there is a current advertised opening or not.

Putting it all Together

Once you have done all your pre-interview homework, you will never again find yourself blundering on critical questions like, “Why do you want to work here?” Instead, you will be prepared to talk knowledgeably about the company and position, why they interest you, and how you will fit in with your skill set, personality and experience.

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Question: At December 31, 2017, Cord Company's plant asset and accumulated depreciation and amortization ac...

At December 31, 2017, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows:

Depreciation methods and useful lives:
Buildings—150% declining balance; 25 years.
Machinery and equipment—Straight line; 10 years.
Automobiles and trucks—150% declining balance; 5 years, all acquired after 2014.
Leasehold improvements—Straight line.
Land improvements—Straight line.

Depreciation is computed to the nearest month and residual values are immaterial. Transactions during 2018 and other information:

On January 6, 2018, a plant facility consisting of land and building was acquired from King Corp. in exchange for 30,000 shares of Cord's common stock. On this date, Cord's stock had a fair value of $40 a share. Current assessed values of land and building for property tax purposes are $160,000 and $640,000, respectively.

On March 25, 2018, new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $222,000. These expenditures had an estimated useful life of 12 years.

The leasehold improvements were completed on December 31, 2014, and had an estimated useful life of eight years. The related lease, which would terminate on December 31, 2020, was renewable for an additional four-year term. On April 30, 2018, Cord exercised the renewal option.

On July 1, 2018, machinery and equipment were purchased at a total invoice cost of $330,000. Additional costs of $12,000 for delivery and $55,000 for installation were incurred.

On August 30, 2018, Cord purchased a new automobile for $13,000.

On September 30, 2018, a truck with a cost of $24,500 and a book value of $10,000 on date of sale was sold for $12,000. Depreciation for the nine months ended September 30, 2018, was $2,250.

On December 20, 2018, a machine with a cost of $19,500 and a book value of $3,100 at date of disposition was scrapped without cash recovery.

Required:

1. Prepare a schedule analyzing the changes in each of the plant asset accounts during 2018. Do not analyze changes in accumulated depreciation and amortization.
2. For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2018.

I need help with the second requirement.

Corona Corp. is a multi-product beverage company. Presented below is information concerning one of its products, COVID-20 spritz for 2020:

The company made all purchases on account. By the end of the year, it has not paid for the 11/8 purchases.

The company has a perpetual inventory system and elected to use the average cost method to calculate its inventory.

Additional information is as follows:

1. Physical count of the goods at the end of 2020 indicated $25,000 was actually on hand.
2. Consignment goods of $1,000 from Bud Light Corporation, the consignor, were included in the physical count of Corona Corp. at the end of 2020 and in accounts payable at December 31, 2020.   
3. Wine spritzers costing $11,000 were purchased by a customer f.o.b. shipping point on December 31, 2020. The sales price was at $17,000 and the customer paid in cash. However, the goods were still included in the physical count at the end of 2020 because the inventory were sitting at the loading dock waiting to be shipped due to social distancing requirements. No journal entry related to this transaction has been recorded so far.
4. Inventory returned by customer amounted to a cost of $7,500. This inventory was held for inspection and were excluded from the physical count at year-end. On January 10, 2021, the inventory was inspected and was returned to the warehouse where inventory is kept. Credit memos totaling $12,000 were issued to the customer on the same date.
5. Goods shipped to customer f.o.b. destination on December 28, 2020 were still in transit at December 31 and had a cost of $12,000. Upon notification of receipt by customer on January 5, 2021, Corona Corp. recorded the sales for $22,000. No journal entry has been recorded so far.
6. New purchases were in transit from a vendor to Corona Corp. on December 31 for 1,000 units at a unit price of $24. The goods were shipped f.o.b. shipping point on December 28, 2020. No journal entry has been recorded so far.
7. In January 2021, it was discovered that an invoice covering purchases of $15,000 related to the November purchases was entered twice in the accounting periods.

Required:

1. Fill in the schedule of adjustments below. You must first determine the initial ending inventory, sales and accounts payable for Corona Corp. Then for each of the seven transactions, show the effect, if any, separately. If the transactions have no effect on the amount shown, state NONE.

2. Briefly, explain each adjustment made above

Case Two: Sony’s Response to North Korea’s Cyberattack

On November 24, 2014, employees of Sony Pictures Entertainment booted up their computers to find an image of a skull along with a message from a group calling itself the Guardians of Peace. The message read: “We’ve already warned you and this is just the beginning. We’ve obtained all your internal data including your secrets and top secrets [which will be released] if you don’t obey us.”

As Sony would eventually discover, the hackers had stolen reams of sensitive data, including the Social Security numbers of 47,000 current and former employees, system passwords, salary lists, contracts, and even copies of some Sony employees’ passports. The hackers accessed hundreds of Outlook mailboxes as well as Sony IT audit documents. They also stole media files and placed pirated copies of five of Sony’s movies on illegal file-sharing servers. Sony was forced to completely shut down its information systems in an attempt to stem the data breach. Ultimately, Sony would determine that the damage done by the hackers was far more extensive than it first believed. Not only had data been stolen, but 75 percent of the company’s servers had been destroyed and several internal data centers had been wiped clean.

Contacted within hours of the event, the FBI soon identified the culprit. In June, several months before the hack, North Korea’s Ministry of Foreign Affairs had declared that it would take “a decisive and merciless countermeasure” if the U.S. government did not prevent the planned release of Sony’s motion picture The Interview, which features two reporters who venture to North Korea to interview and assassinate the country’s dictator, Kim Jong-un. In the film, the main character, initially won over by the dictator’s apparent kindness, discovers that the tyrant is lying about the country’s prosperity and freedoms. The plot, along with the movie’s unflattering portrayal of the dictator as ruthless and childish, had caught the attention of the North Korean government.

The U.S. government disclosed that it had proof that the North Koreans had made good on their threat. The U.S. National Security Agency (NSA) had reportedly penetrated the North Korean cyberwarfare unit four years prior to the attack and had been monitoring its capabilities since then. After Sony alerted the FBI of the attack, the NSA was able to trace the attack back to North Korea, using a digital fingerprint the hackers had left in the malware. Several weeks after the attack, FBI Director James Comey, revealed in a speech that the Sony hackers had been sloppy. “We could see that the IP [Internet protocol] addresses that were being used to post and to send the emails were coming fromIPs that were exclusively used by the North Koreans.”

The hackers warned Sony not to release The Interview, and then on December 16, the group issued a message threatening large terrorist attacks on theaters that showed the film. The National Organization of Theatre Owners contacted the Department of Homeland Security for information and advice. The FBI and NSA released a bulletin explaining that they had no credible information about a plan to attack theaters, but they could neither confirm nor deny whether the hackers had the ability to launch such an attack. Shortly after the bulletin was released, the four largest U.S. theater chains withdrew their requests to show the movie—Carmike Cinemas first, followed by Regal Entertainment, AMC Entertainment, and Cinemark. Within hours, Sony announced that it had canceled the film’s release. White House officials, Hollywood personalities, and the media were aghast. Comedian Jimmy Kimmel tweeted that the decision by the major theater chains to refuse to screen The Interview was “an un-American act of cowardice that validates terrorist actions and sets a terrifying precedent.”

On December 19, President Obama addressed the issue publicly: “Sony is a corporation. It suffered significant damage. There were threats against its employees. I’m sympathetic to the concerns that they faced. Having said all that, yes, I think they made a mistake.” Obama explained, “We cannot have a society in which some dictator in some place can start imposing censorship in the United States.” The president’s remarks highlighted the seriousness of the incident to the American public, many of whom came to view the incident as an attack on the freedom of expression.

In response to Obama’s comments, Sony officials released a statement later the same day: “Let us be clear—the only decision that we have made with respect to release of the film was not to release it on Christmas Day in theaters, after the theater owners declined to show it.... After that decision, we immediately began actively surveying alternatives to enable us to release the movie on a different platform. It is still our hope that anyone who wants to see this movie will get the opportunity to do so.”

In fact, on Christmas Day, the planned release day in the theater, The Interview became available through video on- demand outlets such as Amazon.com, and within less than a month, the movie had brought in over $40 million in revenue. Approximately 6 million viewers had rented or purchased the movie in this way. Several hundred movie theaters that opted to screen the movie generated another $6 million. Over the next two months, Sony also released the movie on Netflix, on DVD and Blu-Ray, and in theaters in other countries.

Meanwhile, Sony has worked to recover from the damage done to the company itself by the hack. Sony Pictures’ parent company, which is based in Japan, asked regulators there for an extension to file its third-quarter financial results. It also fired executive Amy Pascal whose leaked emails contained derogatory remarks about Hollywood producers and the U.S. president’s movie preferences. The company also provided one year of free credit protection services to current and former employees.

In February 2015, President Obama held the first-ever White House summit on cyber security issues in Silicon Valley. The summit was billed as an attempt to deal with the increasing vulnerability of U.S. companies to cyber attacks— including those backed by foreign governments. However, the chief executives of Microsoft, Google, Facebook, and Yahoo all refused to attend the summit. Those companies have long advocated for the government to stop its practice of collecting and using private data to track terrorist and criminal activities and have worked to find better ways to encrypt the data of their customers. However, U.S. security agencies have continually pressured the IT giants to keep the data as unencrypted as possible to facilitate the government’s law enforcement work. Ultimately, both the government and private businesses will need to find a way to work together to meet two contradictory needs—the country’s need to make itself less vulnerable to cyber attacks while at the same time protecting itself from potential real-world violence.

Critical Thinking Questions:

1. Do you think that Sony’s response to the attack was appropriate? Why or why not?
2. What might Sony and the U.S. government done differently to discourage future such attacks on other U.S. organizations?
3. Are there measures that organizations and the U.S. government can take together to prevent both real-world terrorist violence and cyber attacks?

Based on the following, Please answer the following, Thanks!

Imagine you are a human resources professional working at a prominent global company. There have been recent concerns regarding how the organization has been conducting business in the global market, and it has tasked you with identifying problems and recommending solutions. You will analyze information from the case study Nimble Storage: Scaling Talent Strategy Amidst Hyper-Growth for how the organization’s business practices have aligned with more geocentric perspectives, identifying potential gaps in its current practices. You will then make a series of recommendations directed to leadership for addressing identified gaps and ensuring a successful transition regarding your proposed changes.

Introduction:

The Nimble Storage is a hybrid growing data storage System Company situated in Silicon Valley. The CEO of the company is Suresh Vasudevan, and the Vice President of the HR department is Paul Whitney. The company's purpose of developing the hybrid system, which is used in flash memory (It is a storage memory that leads to rapid access to random data) and hard disk to increase the performance of the company at the competitive prices offered to the customers in order to give the efficient and the flash storage platform.

The case analyzes the past performance of the company and the talented hiring of the personnel by Whitney, where the founder and CEO of the company plan to transfer the storage world into the hybrid storage system and wanted to achieve the goal to make a billion dollar company within three years. For this purpose, Suresh Vasudevan aimed to focus on both short term and long term key people initiative to measure the results. The company decided to launch the new leadership program named "LEAD" for the sustainable future growth of the company and also effects on the people initiatives to go forward in future.

The objective of the case is to make quantitative and qualitative analysis by identifying the issues, providing solutions to the problems, and providing an alternative for the growth and evaluating and choosing the best alternative and provide an implementation plan.

Define the issues/Problem statement:

The company has finished its second full fiscal year of storage on January 31, 2013, which provided the great opportunity for reproducing its core values, reviewed the success over the last years and also the strong personnel who made it possible. The company always aims to deliver the world’s most efficient way of data storage by target the broad range of enterprise applications with the goal of optimizing in many factors such as performance efficiency, capacity efficiency, data protection and dramatic simplicity.

Problems/Issues and its solutions:

In order to stabilize the performance, the company faced many potential problems and issues in producing the product and also HR-related issues faced by Whitney.

The first problem was related to the health of the customers' network that led to the unusual high temperature in the data center. The company is now organizing the data center in order to convince the customers to the belief that will help to solve the range of problems in one single platform.

The second problem was the business team was not effective due to lack of motivation and employee turnover, it as one of the biggest challenge that company was facing in last nine months. So, the business wanted to improve its values by making the business by conducting two ways process with the two-sided as the same coin. It would result in the powerful feedback and result oriented of employees, which will result in employee retention and run the business with the order of framework and program perspective.

The company was facing the hiring issue as they wanted to maintain its culture and status quo, the company needed to change the paid time off/personal time off PTO policy in fifteen days, the company wanted to increase the length of services, and they tested the idea but not preferred by the company. Therefore, the employees wanted a favor, and the company made the PTO flexible and unlimited sick leaves and holidays for employee retention.

Suresh Vasudevan had talked about the cultural openness and transparency in sharing the information to the tons of people via any social website, such as Facebook and Google. The company estimates that the openness will be challenging to measure as the hidden information would be exposed publicly.

Questions;

D. Analyze the mission statement of the organization against the needs of a global organization. Are the annual goals and objectives appropriate for a global company? Does the organization appropriately present itself as a global company?

E. Illustrate the potential gains for the organization regarding its business practices if it adopts a more geocentric focus. Be sure to support your response with examples. What will be the benefit for the business of the organization should it adopt a more global approach?

F. Illustrate the potential gains for the organization regarding its employee collaboration if it adopts a more geocentric focus. Be sure to support your response with examples.

Dr. Mohammed Juma Al Hinai working as a Branch Manager in Oman Arab Bank, Ibri, Oman from the period 2014 onwards. During the period, he got a request from a student in Ibri College of Technology, Ibri to pursue her OJT for a period of two months starting from 1^st May 2020 to 30^th June 2020 in Forex Management domain. But, Dr. Mohammed Juma Al Hinai is very skeptical about the student knowledge level and technical background in the subject Forex Management. In order to understand the student caliber, Dr. Mohammed Juma Al Hinai wishes to conduct a basic examination with certain terms associated to Forex Management and the details are given bellow.

You are required to calculate the following information from the above details:

1. What will be the Direct Quote for the OMR from the period starting from 20^th April 2020 to 23^rd April 2020?                                                                                               
2. What will be the Bid Rate displayed in the OMR market for the period 20^th April 2020 to 23^rd April 2020 from the above Indirect Quote?
3. Determine the spread rate from 20^th April 2020 to 23^rd April 2020 from the above Indirect Quote?                                                                                                               
4. If Dr. Mohammed Juma Al Hinai wish to buy spot OMR on 22^nd April 2020. How much you will pay in PHP?                                                                                                
5. In case Dr. Mohammed Juma Al Hinai wanted to purchase spot PHP. How much would you have to pay in OMR?                                                                                        
6. The Ask rate on 21^st April 2020 is PHP 131.9766/OMR. The price of PHP is expected to appreciate by 2¾ after 20 days. What will be new exchange rate after 20 days?

Please don not copy solutions in the text book .

At December 31, 2020, Bouvier Corp. has assets of $10 million, liabilities of $6 million, common shares of $2 million (representing 2 million common shares of $1.00 par), and retained earnings of $2 million. Net sales for the year 2020 were $18 million, and net income was $800,000. As one of the auditors of this company, you are making a review of subsequent events on February 13, 2021, and you find the following.

1)

On February 3, 2021, one of Bouvier's customers declared bankruptcy. At December 31, 2020, this company owed Bouvier $300,000, of which $40,000 was paid in January 2021.

2

On January 18, 2021, one of the client's three major plants burned. Bouvier has fire insurance coverage.

3

On January 23, 2021, a strike was called at one of Bouvier's largest plants and it halted 30% of production. As of today (February 13), the strike has not been settled.

4)

A major electronics enterprise has introduced a line of products that would compete directly with Bouvier's primary line, now being produced in a specially designed new plant. Because of manufacturing innovations, the competitor has been able to achieve quality similar to that of Bouvier's products, but at a price 30% lower. Bouvier officials say they will meet the lower prices, which are barely high enough to cover variable and fixed manufacturing and selling costs.

5)

Merchandise traded in the open market is recorded in the company's records at $1.40 per unit on December 31, 2020. This price held for two weeks after the release of an official market report that predicted vastly excessive supplies; however, no purchases were made at $1.40. The price throughout the preceding year had been about $2.00, which was the level experienced over several years. On January 18, 2021, the price returned to $2.00 after public disclosure of an error in the official calculations of the prior December—the correction erased the expectations of excessive supplies. Inventory at December 31, 2020, was on a lower of cost and net realizable value basis.

6)

On February 1, 2021, the board of directors adopted a resolution to accept the offer of an investment banker to guarantee the marketing of $1.2 million of preferred shares. The company owns equity investments classified as current assets accounted for using the fair value through net income model. The investments have been adjusted to fair value as at December 31, 2020.

7

On January 21, 2021, the annual report of one of the investment companies has been issued for its year ended November 30, 2020. The investee company did not meet its earnings forecasts and the market price of the investment dropped from $49 per share at December 31, 2020, to $27 per share on January 21, 2021

Instructions

For each event, state how it will affect the 2020 financial statements, if at all. The company follows IFRS