What are companies’ biggest obstacles to attracting the best talent? Of 406 surveyed U.S. talent acquisition professionals, 215 reported that competition is the biggest obstacle at their company. At the 0.05 level of significance, is there evidence that the proportion of all talent acquisition professionals who report competition is the biggest obstacle to attracting the best talent at their company is different from 50%?

Navistar International Corporation is an American company that mostly manufactures the big commercial trucks we typically see on the highway. Despite its being an American company, Navistar runs a number of manufacturing plants in Mexico. If a U.S. firm purchases a commercial truck from one of Navistar’s manufacturing plants in Mexico, does that purchase factor into GDP? Why?

Give some examples of specific securities that would be more likely found on the asset side of a balance sheet of a life insurance company and those that would be more likely found on the asset side of the balance sheet of a property and casualty company.

What is the reason that all U.S. states have insurance commissions? What do such commissions do?

6. Identify whether the following create substantial transaction, operating, and/or translation exposure (or no exposure at all) for a U.S. company, and how the company will be affected if the foreign currency depreciates. The examples will typically create more than one type of exposure.

a) Budweiser sells 50 mln euro worth of beer in Germany; payment will be made in euro next October.

On January 1, 2011, Garner issued 10-year $200,000 face value, 6% bonds at par. Each $1,000 bond is convertible into 30 shares of Garner $2, par value, ordinary shares. Interest on the bonds is paid annually on December 31. The market rate for Garner’s non-convertible debt is 9%. The company has had 10,000 ordinary shares (and no preference shares) outstanding throughout its life. None of the bonds have been converted as of the end of 2012. (Ignore all tax effects.)Accounting(a) Prepare the journal entry Garner would have made on January 1, 2011, to record the issuance of the bonds and prepare an amortization table for the first three years of the bonds.(b) Garner’s net income in 2012 was $30,000 and was $27,000 in 2011. Compute basic and diluted earnings per share for Garner for 2012 and 2011.(c) Assume that all of the holders of Garner’s convertible bonds convert their bonds to shares on January 2, 2013, when Garner’s shares are trading at $32 per share. Garner pays $50 per bond to induce bondholders to convert. Prepare the journal entry to record the conversion, using the book value method.AnalysisShow how Garner Company will report income and EPS for 2012 and 2011. Briefly discuss the importance of IFRS for EPS to analysts evaluating companies based on price-earnings ratios. Consider comparisons for a company over time, as well as comparisons between companies at a point in time.PrinciplesIn order to converge U.S. GAAP and IFRS, U.S. standard-setters (the FASB) are considering whether the equity element of a convertible bond should be reported as equity. Describe how the journal entry you made in part (a) above would differ under U.S. GAAP. In terms of the accounting principles discussed in Chapter 2, what does IFRS for convertible debt accomplish that U.S. GAAP potentially sacrifices? What does U.S. GAAP for convertible debt accomplish that IFRS potentially sacrifices?

On June 30, 2020, Ivanhoe Company issued $3,810,000 face value of 16%, 20-year bonds at $4,956,520, a yield of 12%. Ivanhoe uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31.

(a)

Partially correct answer iconYour answer is partially correct.

Prepare the journal entries to record the following transactions. (Round answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

AZA Company purchased a machine on July 1, 2019. The machine cost $400,000 and has an estimated residual value of $40,000. The expected useful life is 8 years. The machine is to be used for 100,000 machine hours. AZA’s year end is December 31. Required:

a. Calculate the depreciation expense for 2019 and 2020 using the straight-line method. Also list the Accumulated Depreciation Balances at December 31, 2019 and December 31, 2020.

b. Calculate the depreciation expense for 2019 and 2020 using the units-of-production method. The machine was used for 8,000 machine hours in 2019 and 23,000 machine hours in 2020.

c. Calculate the depreciation expense for 2019 and 2020 using the double-declining-balance method.

d. Determine the book value of the machine at December 31, 2019 under the (a) straight-line method and (b) units-of-production, and (c) double-declining-balance method.

e. Write the journal entry for recording depreciation expense for year ended December 31, 2019 using the double declining balance depreciation method.