Think of an innovation in health that has either been successfully diffused or one that has not.
In: Nursing
Innovation activities differ between startups and IBM, or do they? Discuss innovation activities that are better suited for small firms and large firms. What innovation activity would allow a small firm to outperform a multinational firm?
In: Operations Management
In: Nursing
Honeymoon Haven Ltd is due to commence preparation of the Cash Flow Statement at the end of 2010. The accountant has called in sick and the statement needs to be prepared by the end of the day. Consequently you, as managing director of the company are now required to complete this task, and have been given the following data:
|
Summarised Balance Sheet as at 31 December 2010 |
2010 |
2009 |
|
Cash |
106,800 |
168,210 |
|
Accounts Receivable |
138,840 |
133,500 |
|
Inventory |
213,600 |
202,920 |
|
Property, plant & equipment (net) |
341,760 |
357,780 |
|
Total Assets |
801,000 |
862,410 |
|
Accounts Payable |
128,160 |
144,180 |
|
Wages Payable |
2,670 |
8,010 |
|
Mortgage Payable |
186,900 |
229,620 |
|
Share Capital |
347,100 |
347,100 |
|
Retained Profits |
136,170 |
133,500 |
|
Total Liabilities and Owners’ Equity |
801,000 |
862,410 |
|
Summarised Income Statement for the year ended 31 December 2010 |
2010 |
|
Sales |
480,600 |
|
Cost of goods sold |
373,800 |
|
Expenses (including wages but not depreciation) |
53,400 |
|
Depreciation |
32,040 |
|
Net Profit |
21,360 |
Other information was provided as follows:
Land was sold at cost price of $53,400
Equipment was sold during the year at its written down value of $80,100
Dividends of $18,690 were paid during the year
Repayments totalling $42,720 were made on the mortgage payable during the year
Machinery costing $149,520 was purchased for cash
Required:
Prepare the Statement of Cash Flows using the Direct Method. (Refer to ILT report page 23 for layout)
Reconcile net profit to the net cash flow from operating activities. (Refer to ILT report page 37 for layout)
In: Accounting
On January 1, 2020, Ridge Road Company acquired 25 percent of the voting shares of Sauk Trail, Inc., for $3,800,000 in cash. Both companies provide commercial Internet support services but serve markets in different industries. Ridge Road made the investment to gain access to Sauk Trail’s board of directors and thus facilitate future cooperative agreements between the two firms. Ridge Road quickly obtained several seats on Sauk Trail’s board, which gave it the ability to significantly influence Sauk Trail’s operating and investing activities.
The January 1, 2020, carrying amounts and corresponding fair values for Sauk Trail’s assets and liabilities follow:
| Carrying Amount | Fair Value | |||||
| Cash and receivables | $ | 165,000 | $ | 165,000 | ||
| Computing equipment | 5,495,000 | 6,580,000 | ||||
| Patented technology | 155,000 | 4,110,000 | ||||
| Trademark | 205,000 | 2,110,000 | ||||
| Liabilities | (240,000 | ) | (240,000 | ) | ||
Also, as of January 1, 2020, Sauk Trail’s computing equipment had a seven-year remaining estimated useful life. The patented technology was estimated to have a five-year remaining useful life. The trademark's useful life was considered indefinite. Ridge Road attributed to goodwill any unidentified excess cost.
During the next two years, Sauk Trail reported the following net income and dividends:
| Net Income | Dividends Declared | |||||
| 2020 | $ | 1,910,000 | $ | 205,000 | ||
| 2021 | 2,095,000 | 215,000 | ||||
How much of Ridge Road’s $3,800,000 payment for Sauk Trail is attributable to goodwill?
What amount should Ridge Road report for its equity in Sauk Trail’s earnings on its income statements for 2020 and 2021?
What amount should Ridge Road report for its investment in Sauk Trail on its balance sheets at the end of 2020 and 2021?
In: Accounting
On January 1, 2020, Ridge Road Company acquired 20 percent of the voting shares of Sauk Trail, Inc., for $3,100,000 in cash. Both companies provide commercial Internet support services but serve markets in different industries. Ridge Road made the investment to gain access to Sauk Trail’s board of directors and thus facilitate future cooperative agreements between the two firms. Ridge Road quickly obtained several seats on Sauk Trail’s board, which gave it the ability to significantly influence Sauk Trail’s operating and investing activities.
The January 1, 2020, carrying amounts and corresponding fair values for Sauk Trail’s assets and liabilities follow:
| Carrying Amount | Fair Value | |||||
| Cash and receivables | $ | 130,000 | $ | 130,000 | ||
| Computing equipment | 5,180,000 | 6,020,000 | ||||
| Patented technology | 120,000 | 4,040,000 | ||||
| Trademark | 170,000 | 2,040,000 | ||||
| Liabilities | (205,000 | ) | (205,000 | ) | ||
Also, as of January 1, 2020, Sauk Trail’s computing equipment had a seven-year remaining estimated useful life. The patented technology was estimated to have a four-year remaining useful life. The trademark's useful life was considered indefinite. Ridge Road attributed to goodwill any unidentified excess cost.
During the next two years, Sauk Trail reported the following net income and dividends:
| Net Income | Dividends Declared | |||||
| 2020 | $ | 1,840,000 | $ | 170,000 | ||
| 2021 | 2,025,000 | 180,000 | ||||
How much of Ridge Road’s $3,100,000 payment for Sauk Trail is attributable to goodwill?
What amount should Ridge Road report for its equity in Sauk Trail’s earnings on its income statements for 2020 and 2021?
What amount should Ridge Road report for its investment in Sauk Trail on its balance sheets at the end of 2020 and 2021?
In: Accounting
On January 1, 2020, Ridge Road Company acquired 20 percent of the voting shares of Sauk Trail, Inc., for $2,800,000 in cash. Both companies provide commercial Internet support services but serve markets in different industries. Ridge Road made the investment to gain access to Sauk Trail’s board of directors and thus facilitate future cooperative agreements between the two firms. Ridge Road quickly obtained several seats on Sauk Trail’s board, which gave it the ability to significantly influence Sauk Trail’s operating and investing activities.
The January 1, 2020, carrying amounts and corresponding fair values for Sauk Trail’s assets and liabilities follow:
| Carrying Amount | Fair Value | |||||
| Cash and receivables | $ | 115,000 | $ | 115,000 | ||
| Computing equipment | 5,045,000 | 5,780,000 | ||||
| Patented technology | 105,000 | 4,010,000 | ||||
| Trademark | 155,000 | 2,010,000 | ||||
| Liabilities | (190,000 | ) | (190,000 | ) | ||
Also, as of January 1, 2020, Sauk Trail’s computing equipment had a seven-year remaining estimated useful life. The patented technology was estimated to have a four-year remaining useful life. The trademark's useful life was considered indefinite. Ridge Road attributed to goodwill any unidentified excess cost.
During the next two years, Sauk Trail reported the following net income and dividends:
| Net Income | Dividends Declared | |||||
| 2020 | $ | 1,810,000 | $ | 155,000 | ||
| 2021 | 1,995,000 | 165,000 | ||||
How much of Ridge Road’s $2,800,000 payment for Sauk Trail is attributable to goodwill?
What amount should Ridge Road report for its equity in Sauk Trail’s earnings on its income statements for 2020 and 2021?
What amount should Ridge Road report for its investment in Sauk Trail on its balance sheets at the end of 2020 and 2021?
In: Accounting
On January 1, 2020, Ridge Road Company acquired 20 percent of the voting shares of Sauk Trail, Inc., for $3,200,000 in cash. Both companies provide commercial Internet support services but serve markets in different industries. Ridge Road made the investment to gain access to Sauk Trail’s board of directors and thus facilitate future cooperative agreements between the two firms. Ridge Road quickly obtained several seats on Sauk Trail’s board, which gave it the ability to significantly influence Sauk Trail’s operating and investing activities.
The January 1, 2020, carrying amounts and corresponding fair values for Sauk Trail’s assets and liabilities follow:
| Carrying Amount | Fair Value | |||||
| Cash and receivables | $ | 135,000 | $ | 135,000 | ||
| Computing equipment | 5,225,000 | 6,100,000 | ||||
| Patented technology | 125,000 | 4,050,000 | ||||
| Trademark | 175,000 | 2,050,000 | ||||
| Liabilities | (210,000 | ) | (210,000 | ) | ||
Also, as of January 1, 2020, Sauk Trail’s computing equipment had a seven-year remaining estimated useful life. The patented technology was estimated to have a four-year remaining useful life. The trademark's useful life was considered indefinite. Ridge Road attributed to goodwill any unidentified excess cost.
During the next two years, Sauk Trail reported the following net income and dividends:
| Net Income | Dividends Declared | |||||
| 2020 | $ | 1,850,000 | $ | 175,000 | ||
| 2021 | 2,035,000 | 185,000 | ||||
How much of Ridge Road’s $3,200,000 payment for Sauk Trail is attributable to goodwill?
What amount should Ridge Road report for its equity in Sauk Trail’s earnings on its income statements for 2020 and 2021?
What amount should Ridge Road report for its investment in Sauk Trail on its balance sheets at the end of 2020 and 2021?
In: Accounting
Summarize the differences between architectural and detailed design. Discuss the importance of requirements specification in the detailed design to the programmer that will create code to the specification.
In: Computer Science
Entering foreign markets, by definition, means not investing in a firm's home country. For example, Nissan closed factories in Japan and added a new factory in the United States. GM shut down factories at home but kept them open in Europe. Do you see any ethical dilemmas here?
Please answer in detail in no less than 2 paragraphs
In: Economics