Questions
APA format is required. References should be listed immediately after the question that is being answered....

APA format is required. References should be listed immediately after the question that is being answered. Each question lists a minimum number of unique scholarly references; the textbook is considered one unique reference (per question) regardless of how many times it is used. All references should be from the years 2007 to present day. Review the rubric that will be used to evaluate this paper. All work must be completed individually. 1. Why is operations management important in all types of organizations? Use at least two unique references. Length: 4-5 paragraphs. 2. How is operations performance judged at a strategic level? Use at least two unique references. Length: 4-5 paragraphs. 3. How can operations strategy form the basis for operations improvement? Use at least two unique references. Length: 4-5 paragraphs. 4. What are the stages of product and service innovation? Use at least two unique references. Length: 4-5 paragraphs

In: Accounting

Suppose the expected growth of net sales for 2021 is 10%, calculate the Edge Corp. Additional Fund Needed (AFN) for 2021 based on the 2020 status quo

Use this table to answer this question (All are stated in million dollars)

Edge Corp. Balance Sheet

2020

2019

Edge Corp. Balance Sheet

2020

2019

Cash and cash equivalents

2,768

2,879

Accounts payable

8,022

7,251

Short-term investment sec.

954

1,029

Accruals

9,290

8,559

Accounts receivable

5,321

4,306

Notes Payables

9,981

8,472

Total inventories

7,077

6,384

Long-term debt

22,033

21,360

Prepaid expenses

5,548

4,184

Other borrowings

21,027

21,091

TOTAL CURRENT ASSETS

21,970

18,782

TOTAL LIABILITIES

70,353

66,733

Net Property Plants (Net PPE)

21,293

19,244

Common stock+ paid in Cap

58,134

58,134

Other long-term assets

95,091

90,146

Retained earnings

9,565

3,305

TOTAL ASSETS

138,052

128,172

TOTAL LIAB & EQUITY

138,052

128,172

Edge Corp. Income Statement

2020

2019

NET SALES

82,559

78,938

Cost of products sold

40,768

37,919

Selling, general and administrative expense

23,135

21,890

Depreciation expense

2,838

3,108

OPERATING INCOME

15,818

16,021

Interest expense

629

974

EARNINGS BEFORE INCOME TAXES

15,189

15,047

Income taxes

3,392

3,360

NET INCOME

11,797

11,687

Total Dividends Payments

5,537

5,186

Suppose the expected growth of net sales for 2021 is 10%, calculate the Edge Corp. Additional Fund Needed (AFN) for 2021 based on the 2020 status quo. Also, please explain the meaning of the Additional Fund Needed (AFN) for 2021 that you calculated to the firm.

In: Finance

Q 4.1 In the 2020 fiscal year, Company A recognized $10 of bad-debt expense (as well...

Q 4.1

In the 2020 fiscal year, Company A recognized $10 of bad-debt expense (as well as the same amount of bad-debt allowance) for its Accounts receivable. There was no bad-debt written-off in the same year. The corporate tax rate is 30%.

Required: Assuming all else equal, discuss the effect of the recognition of the $10 bad-debt expense on the following two tax-related accounts:

  • Current tax liability
  • Deferred tax asset (or deferred tax liability)

You need to relate your discussions to the current tax worksheet as well as deferred tax worksheet.

Q.4.2

In the 2020 fiscal year, Company B reported an accounting profit of $1,000. In the same year, the accounting depreciation expense for plant was $150, while the tax deduction for plant depreciation was $200. There was no other difference between accounting and tax in the year. In the 2019 fiscal year, the company recorded a tax loss ($300) and recognized a deferred tax asset in respect of this tax loss. In the 2020 fiscal year, the company reduced the taxable profit by recouping the tax losses carried forward. The company does not set off deferred tax liabilities and assets. The corporate tax rate is 30%.

  1. Required: Provide the journal entries for the current tax adjustment. Workings (or narrations) are not required.

  1. Now assume that Company B’s accounting profit in the 2020 fiscal year includes $55 of government grant which is exempt from tax. Also, assume that tax losses carried forward must be offset against any exempt income before being used to reduce taxable profit.

Required: Under these additional assumptions, provide the journal entries for the current tax adjustment. Workings (or explanations) are not required.

In: Accounting

The financial statements for Waverley Ltd are provided below: Waverley Ltd Comparative Balance Sheet As at...

The financial statements for Waverley Ltd are provided below:

Waverley Ltd

Comparative Balance Sheet

As at 30 June 2019 and 2020

2019

2020

Assets

Cash At Bank

167,000

215,000

Accounts Receivable

213,000

158,000

Inventory

68,000

73,000

Prepaid Rent

4,000

5,000

Buildings

320,000

350,000

Accumulated Depreciation – Buildings

(108,000)

(132,000)

Equipment

67,000

78,000

Accumulated Depreciation – Equipment

(25,000)

(26,000)

706,000

721,000

Liabilities

Accounts Payable

236,000

228,000

Dividend Payable

12,000

13,000

Salary Payable

18,000

20,000

Tax Payable

16,000

17,000

Bank Loan

158,000

171,000

440,000

449,000

Equity

Capital

170,000

164,000

Retained Earnings

96,000

108,000

266,000

272,000

Waverley Ltd

Income Statement

For the Year Ended at 30 June 2020

Sales

1,000,000

COGS

(450,000)

Gross Profit

550,000

Profit on sale of Equipment

2,000

Rent

42,000

Salary

400,000

Interest

12,000

Depreciation Expense – Buildings

13,000

Depreciation Expense – Equipment

15,000

(482,000)

Net Profit before Tax

70,000

Less Taxation expense

(21,000)

Net Profit

49,000

Required:

Prepare an extract of the Cash Flow Statement (Direct Method) for the year ended 30 June 2020 showing Cash Flows from Operating Activities AND Cash Flows from Financing Activities. Show all workings.

If possible, in workings for the cash flow, please use ledgers to show your calculations. For example, ‘Accounts Receivable’ Ledger to get the value of ‘Cash flow from Customers’

Ledger Templet

*Please upload the solution as soon as you can finish it. Thanks for your help

In: Accounting

The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows....

The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands.)

MURAWSKI COMPANY
Balance Sheets
December 31

2020

2019

Current assets
    Cash and cash equivalents $ 358 $ 353
    Accounts receivable (net) 388 490
    Inventory 388 474
    Prepaid expenses 170 120
      Total current assets 1,304 1,437
Investments 13 12
Property, plant, and equipment 390 418
Intangibles and other assets 492 526
      Total assets $2,199 $2,393
Current liabilities $ 800 $ 884
Long-term liabilities 354 390
Stockholders’ equity—common 1,045 1,119
      Total liabilities and stockholders’ equity $2,199 $2,393

MURAWSKI COMPANY
Income Statements
For the Years Ended December 31

2020

2019

Sales revenue $3,710 $3,800
Costs and expenses
    Cost of goods sold 896 984
    Selling & administrative expenses 2,330 2,410
    Interest expense 25 22
      Total costs and expenses 3,251 3,416
Income before income taxes 459 384
Income tax expense 160 81
Net income $ 299 $ 303



Compute the following ratios for 2020 and 2019. (Round current ratio and invertory turnover ratio to 2 decimal places, e.g. 1.62 or 1.62% and all other answers to 1 decimal place, e.g. 1.6 or 1.6%.)

(a) Current ratio.
(b) Inventory turnover. (Inventory on 12/31/18 was $312.)
(c) Profit margin ratio.
(d) Return on assets. (Assets on 12/31/18 were $1,878.)
(e) Return on common stockholders’ equity. (Stockholders' equity on 12/31/18 was $882.)
(f) Debt to assets ratio.
(g) Times interest earned.

In: Accounting

A .25 kg ball is dropped and has a speed of 5m/s just before impacting the...

A .25 kg ball is dropped and has a speed of 5m/s just before impacting the ground. The ball is contact with the ground for .3 s before bouncing up with a velocity of 5 m/s.

a. Is the momentum of the ball conserved as it falls? Explain your answer

b. Is the momentum of the ball conserved from before it hits the ground until just after it leaves the ground? Explain your answer.

c. What impulse is applied to the ball?

d. Assuming a constant acceleration of the ball, what was the average force applied by the ground?

In: Physics

A car initially traveling at 40 m/s runs out of gas while traveling up a slope....

A car initially traveling at 40 m/s runs out of gas while traveling up a slope. It coasts for a distance of 500 m before it starts to roll back down.

a. What is the acceleration of the car?

b. What is the angle (incline) of the slope?

c. How long does it take after the car runs out of gas before it starts to roll back down?

d. Once the car starts rolling backwards, how long does it take before it passes its starting point, 500m down the slope?

In: Physics

A 25.00 mL of 0.0500 M imidazole (B) solution was titrated with 0.1250 M HNO3. The...

A 25.00 mL of 0.0500 M imidazole (B) solution was titrated with 0.1250 M HNO3. The pKa of the imidazolium chloride (BH+) is 6.993.

(a) what is the pH of the solution before adding any HNO3?

(b) What is the pH of the solution after adding 5.00 mL of HNO3?

(c) What is the pH of the solution after adding 10.00 mL of HNO3?

(d) What is the pH of the solution after adding 12.00 mL of HNO3?

In: Chemistry

Becky, 25 years old, is a single taxpayer who uses the standard deduction. Her AGI is...

Becky, 25 years old, is a single taxpayer who uses the standard deduction. Her AGI is $61,000. After she finished her accounting degree at Minnesota, she decided to enroll in a local community college to take one class in art history as a part time student. The cost of the course was $1500.   Compute the amount of education tax credits available to her in 2020 and specify the name of the tax credit that she is eligible for.

In: Accounting

Do students reduce study time in classes where they achieve a higher midterm score? In a...

Do students reduce study time in classes where they achieve a higher midterm score? In a Journal of Economic Education article (Winter 2005), Gregory Krohn and Catherine O’Connor studied student effort and performance in a class over a semester. In an intermediate macroeconomics course, they found that “students respond to higher midterm scores by reducing the number of hours they subsequently allocate to studying for the course.” Suppose that a random sample of n = 8 students who performed well on the midterm exam was taken and weekly study times before and after the exam were compared. The resulting data are given in Table 10.6. Assume that the population of all possible paired differences is normally distributed. Table 10.6 Weekly Study Time Data for Students Who Perform Well on the MidTerm Students 1 2 3 4 5 6 7 8 Before 15 19 12 17 16 15 11 16 After 11 18 9 10 8 9 11 10 Paired T-Test and CI: Study Before, Study After Paired T for Study Before - Study After N Mean StDev SE Mean StudyBefore 8 15.1250 2.5877 .9149 StudyAfter 8 10.7500 3.1053 1.0979 Difference 8 4.37500 2.87539 1.01660 95% CI for mean difference: (1.97112, 6.77888) T-Test of mean difference = 0 (vs not = 0): T-Value = 4.30, P-Value = .0036 (a) Set up the null and alternative hypotheses to test whether there is a difference in the true mean study time before and after the midterm exam. H0: µd = versus Ha: µd ≠ (b) Above we present the MINITAB output for the paired differences test. Use the output and critical values to test the hypotheses at the .10, .05, and .01 level of significance. Has the true mean study time changed? (Round your answer to 2 decimal places.) t = We have evidence. (c) Use the p-value to test the hypotheses at the .10, .05, and .01 level of significance. How much evidence is there against the null hypothesis? There is against the null hypothesis. 02_16_2018_QC_CS-118501

In: Statistics and Probability