Was the Civil Rights Movement successful? Define the criteria for success, and explain why the movement was a success or failure. Does the Civil Rights movement have ongoing relevance in contemporary America? If so, explain.
(200 words minimum please)
In: Economics
Please offer a well reasoned and articulate discussion on a case relevant to the chapter under study which includes the rationale for the decision in same along with the ramifications thereof for business and society.
Gucci America, Inc v. Wang Huoqing
In: Finance
After watching the video Unions in America, answer the following:
Does anybody belong to a union?
What are your thoughts/perceptions about unions?
Do you believe that unions are necessary and ethical in the marketplace? Explain why or why not.
In: Economics
How has healthcare strategic management evolved in America? Examine the progress of strategic management over time leading up to today's healthcare strategic planning process. Your response must be at least 200 words in length.
In: Nursing
In: Psychology
The yield on a 10-year US Treasury bond is 2.5%. ABC Co. and XYZ Co. each issue a 10-year bond. ABC’s bond has a yield of 3.5%; while XYZ’s bond has a yield of 5%. Select the statement below that BEST describes this situation.
A. The credit spread of XYZ’s bond is 5%.
B. XYZ Co. should have greater maturity risk than ABC Co.
C. The credit spread of ABC’s bond is 3.5%.
D. The credit spread of ABC's bond is 1%; and XYZ Co. should have greater default risk than ABC Co.
E. XYZ Co. should have a higher credit rating than ABC Co.
In: Finance
You are the current "up-and-coming" corporate controller for a publicly traded company called Spartan Cruises, Inc. and as such, report to the CFO Tom Harris who in turn reports to the CEO Michele Lowry.
Spartan Cruises, headquartered in Miami, offers upscale cruises primarily to US citizens out of three ports as follows:
1. 15 ships operating out of Miami with Caribbean itineraries that are very profitable.
2. 10 ships operating out of Barcelona Spain with Mediterranean itineraries that are modestly profitable.
3. 5 ships operating out of Sydney Australia with Australian coast and New Zealand itineraries that are effectively break even from a financial perspective.
All 30 ships cost approximately $150.00 million/ship and are depreciated on a straight line basis over 10 years (with no residual or salvage value) - the 15 operating out of Miami are relatively new, the 10 operating out of Barcelona are 5 years old, and the 5 ships operating out of Sydney are much older and fully depreciated.
In addition, Spartan Cruises had previously signed contracts to purchase 3 additional ships at $150.0 million/ship that were scheduled to be delivered to Miami in mid-2022 but as of today, construction has not commenced. As part of the contract signing process for each ship, Spartan Cruises made a good-faith non-refundable deposit of $20.0 million/ship and recorded a combined asset of $60 million on their balance sheet.
Late last week, CFO Tom and CEO Michele attended a high-level economic summit in New York City and during the conference, credible market experts predicted that the cruise industry is about to go through permanent economic contraction and as such, will no longer enjoy the demand and revenue levels it enjoyed in recent years. Specifically, the experts predict that cruise industry revenues will be 70% lower than what the industry was otherwise anticipating over the next five years due primarily to the pandemic vulnerability passengers are exposed to as evidenced by the recent well-publicized coronavirus (something Spartan Cruises was fortunate to totally avoid).
On the private plane ride back from New York, Tom and Michele discussed how Spartan Cruises was going to adapt to this new reality given that the Barcelona & Sydney operations will probably become very unprofitable as incoming cash flow from cruise sales is expected to effectively evaporate.
Tom and Michele are considering discontinuing the Barcelona and Sydney operations, and cancelling the orders for the 3 new ships, and have asked you to quantify on a macro perspective what the financial impact would be if the Spartan Cruises Board of Directors decided to move in that direction and announce these discontinued operations before the end of the March 31 first quarter.
Q1.
what the effect might be for reflecting these "impairment issues" into the March 31, 2020 first quarter income statement
Q2.
other financial considerations that management might take into account when deciding on this potential action.
In: Accounting
Purchase-Related Transactions Using Perpetual Inventory System
The following selected transactions were completed by Niles Co. during March of the current year:
| Mar. 1. | Purchased merchandise from Haas Co., $18,200, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $450 was added to the invoice. |
| 5. | Purchased merchandise from Whitman Co., $16,400, terms FOB destination, n/30. |
| 10. | Paid Haas Co. for invoice of March 1. |
| 13. | Purchased merchandise from Jost Co., $5,700, terms FOB destination, 1/10, n/30. |
| 14. | Issued debit memo to Jost Co. for $1,100 of merchandise returned from purchase on March 13. |
| 18. | Purchased merchandise from Fairhurst Company, $9,750, terms FOB shipping point, n/eom. |
| 18. | Paid freight of $320 on March 18 purchase from Fairhurst Company. |
| 19. | Purchased merchandise from Bickle Co., $12,400, terms FOB destination, 2/10, n/30. |
| 23. | Paid Jost Co. for invoice of March 13, less debit memo of March 14. |
| 29. | Paid Bickle Co. for invoice of March 19. |
| 31. | Paid Fairhurst Company for invoice of March 18. |
| 31. |
Paid Whitman Co. for invoice of March 5. |
Required:
Journalize the entries to record the transactions of Britt Co. for March.
| Mar. 1 | Merchandise Inventory | ||
| Accounts Payable-Haas Co. | |||
| Mar. 5 | Merchandise Inventory | ||
| Accounts Payable-Whitman Co. | |||
| Mar. 10 | Accounts Payable-Haas Co. | ||
| Cash | |||
| Mar. 13 | Merchandise Inventory | ||
| Accounts Payable-Jost Co. | |||
| Mar. 14 | Accounts Payable-Jost Co. | ||
| Merchandise Inventory | |||
| Mar. 18-purchase | Merchandise Inventory | ||
| Accounts Payable-Fairhurst Company | |||
| Mar. 18-freight | Merchandise Inventory | ||
| Cash | |||
| Mar. 19 | Merchandise Inventory | ||
| Accounts Payable-Bickle Co. | |||
| Mar. 23 | Accounts Payable-Jost Co. | ||
| Cash | |||
| Mar. 29 | Accounts Payable-Bickle Co. | ||
| Cash | |||
| Mar. 31-Fairhurst | Accounts Payable-Fairhurst Company | ||
| Cash | |||
| Mar. 31-Whitman | Accounts Payable-Whitman Co. | ||
| Cash |
In: Accounting
Black Co. Blue Co.
2017 2016 2017 2016
Net Income $65,000 $60,000 $25,000 $28,000
Income tax expense 18,200 17,000 5,000 5,500
Net sales 2,500,000 2,300,000 650,000 680,000
Total assets 500,000 490,000 200,000 210,000
Current assets 99,000 130,000 120,000 110,000
Operating assets 470,000 450,000 190,000 190,000
Operating liabilities 175,000 150,000 50,000 56,000
Weighted average shares
Outstanding 85,000 85,000 75,000 75,000
Current liabilities 75,000 100,000 75,000 74,000
Total liabilities 350,000 350,000 100,000 100,000
Stockholder’s equity 150,000 140,000 100,000 110,000
Interest expense 5,000 6,000 1,500 1,000
Income before tax 83,200 77,000 30,000 33,500
Cash flow from operations 75,000 110,000 110,000 120,000
Cash paid for investments 74,000 100,000 70,000 60,000
A. Calculate finanacial leverage and spread. Are both companies using leverage effectively? Explain your answer. Assume tax rate of 37%
B. Interpret the ROA verus ROE and EPS for both companies.
C. Compute free cash flow to total debt for both companies.
In: Accounting
700- 1000 Words
“Cybersecurity: A new engagement opportunity” October 2017 issue - Journal of Accountancy
And
“How to deliver a powerful financial presentation October 2017 - Journal of Accountancy
In: Accounting