Metlock Co. has the following postretirement benefit plan balances on January 1, 2020.

The interest (settlement) rate applicable to the plan is 10%. On January 1, 2021, the company amends the plan so that prior service costs of $177,000 are created. Other data related to the plan are:

1. Prepare a worksheet for the postretirement plan in 2020.

2.Prepare any journal entries related to the postretirement plan that would be needed at December 31, 2020.

3.Prepare a worksheet for 2021

4.Prepare journal entries related to the postretirement plan as of December 31, 2021.

5. Indicate the postretirement-benefit–related amounts reported in the 2021 financial statements.

Summarize the article and answer the following questions in your answer:

1. What specific metrics are being used?

2. What value is the company getting from using this data?

Was this similar to what the Obama campaign did on Facebook?

Sort of. The Obama campaign did collect a similar level of data from its app, which includes both your information and your friend's information.

But as Politifact notes, users were willingly giving up that information and knew it was going to a political campaign. The Obama campaign used your friend's data to figure out who may or may not be willing to vote for him, and sent messages to users to persuade their friends.

That's different from the Cambridge Analytica situation, since most users taking the digital life quiz had no idea that the data would be used for political purposes.

What's Facebook doing about this?

After five long days, Zuckerberg broke his silence on March 21 with a nearly 1,000-word post on his Facebook page. (C'mon, did you really expect it to show up on Twitter?) The post was his first since since March 2, when he shared a photo of his family celebrating the Jewish holiday of Purim.

Zuckerberg acknowledged that Facebook had made mistakes with users' information. "We have a responsibility to protect your data," he wrote. "And if we can't then we don't deserve to serve you."

He's since sat down for several media interviews, and on April 4, held an hour-long conference call with journalists. "Life is learning from mistakes," Zuckerberg said. "At the end of the day, this is my responsibility. I started this place, I run it, I'm responsible."

The company, he said, is now facing two central questions: "Can we get our systems under control and second, can we make sure that our systems aren't used to undermine democracy," Zuckerberg said.

"It's not enough to give people a voice, we have to make sure that people are not using that voice to spread disinformation," he added.

And, specifically, he acknowledged that Facebook has "to ensure that everyone in our ecosystem protects people's information."

We have a responsibility to protect your data. And if we can't then we don't deserve to serve you.

Facebook CEO Mark Zuckerberg

He's promised to investigate apps that had access to "large amounts of information" before the company made changes to how much information third-party apps could access in 2018. Facebook will conduct a full audit of apps that exhibit suspicious behavior and bar developers who don't agree to audits.

On April 6, Facebook said it was banning AggregateIQ, another political analytics firm that's reportedly tied to Cambridge Analytica's parent company, SCL. (Aggregate IQ denies this connection.) Facebook said it instituted the ban out of concern that AggregateIQ may have improperly received Facebook user data as well.

Facebook's public missteps have brought up other concerns about Facebook too. One example is a memo leaked to BuzzFeed penned by Andrew "Boz" Bosworth, a top Facebook executive. The 2016 memo advocates growth above everything else, regardless of whether people use Facebook to bully and harass one another.

"The ugly truth is that we believe in connecting people so deeply that anything that allows us to connect more people more often is *de facto* good," he wrote at the time. He's since said he was trying to stir debate, and didn't agree with what he'd written.

Facebook is also planning to restrict how much access developers have to your information, limiting the information it gives apps to your name, photo and email address. It'll also revoke an app's access to your data if you haven't used it for three months.

The company is also planning to further restrict political advertising, Sheryl Sandberg, Facebook's COO, said in an interview with Bloomberg. "If you were using hate-based language in ads for elections, we're drawing those lines much tighter and applying them uniformly," she said.

Last, Facebook will begin displaying a gauge at the top of your News Feed that lets you know which apps you've used and let you revoke their permissions.

Are people bailing from Facebook?

They are, though it's still too early to know if that'll have a substantial effect on Facebook's gargantuan user numbers. Right off the bat, the hashtag #DeleteFacebook flared up on Twitter -- backed by, notably, Brian Acton, WhatsApp's co-founder who sold the messaging service to Facebook for $19 billion.

We're also starting to see some action that could hit Facebook in the wallet. Within days of the scandal erupting, Firefox maker Mozilla said it would no longer advertise on Facebook because of data privacy concerns, and it launched a petition to ask the social network to improve its privacy settings. Meanwhile, Tesla and SpaceX CEO Elon Musk has taken a different kind of stand. Prompted by an inquiry from a Twitter user, he quickly deleted both companies' Facebook pages. So did Playboy, for what it's worth.

Beyond those high profile moves, a recent survey from the anonymous employee social network Blind found that 31 percent of tech workers plan to delete Facebook too. Coverage of Facebook has turned negative too, a survey by BuzzFeed found.

Still, Zuckerberg said in a call on April 4 that the larger #DeleteFacebook campaign hasn't had a noticeable effect on its active user counts.

Ultimately, reform is what's needed, said former Cambridge Analytica executive Brittany Kaiser. "For many years, I never questioned it," Kaiser said. "That's the way that the political system works. That's the way that advertising works. That's the way that every single industry that exists in the entire basis of digital communications works. I do really understand the industry, and I have the ability to be a voice for change."

1.) Barnes Medical Center purchased an x-ray machine on December 1, 2018, for $120,000. The machine has an $87,000 accumulated depreciation. On January 1, 2020, it is sold for $40,000. Record the sale of the x-ray machine. (4 pts.) Use the space provided to type in your journal entry, following the correct general journal format. Please note, debit account title(s) must be listed in the first line, then on the next line(s) credit account title(s).

2.) Grey Landscaping purchased an L-mower with a cost of $8,500. The current book value is $2,500. On January 1, 2020, it is sold for $1,750. Record the sale of the L-mower. Use the correct general journal format.

3.) On December 1, 2020, Gene Furniture traded its old cash register in for a new cash register. The old cash register had cost $3,500 originally, but currently has a book value of $500. The new cash register has a list price of $4,800. Ogle Furniture was granted an $800 trade-in allowance for the old cash register and paid the difference. Use the correct general journal format.

4.) Rover Furniture purchased equipment on January 1, 2018, for $50,000, with a $5,000 salvage value and a 9-year life. Laramie uses straight-line depreciation. Depreciation has been recorded through December 31, 2020. On April 1, 2021, the equipment is sold for $22,000. Record all necessary transactions on April 1st. Use the correct general journal format.

5.) On October 1, 2020, Lance Company exchanged a delivery vehicle with a cost of $64,000 and a book value of $42,000, plus cash of $17,000 for a new delivery vehicle. The old vehicle had a fair value of $38,000. Prepare the journal entry to record the exchange of assets. Use the correct general journal format.

6.) On October 1, 2020, the Lance Company ledger shows Equipment with a balance of $100,000 and Accumulated Depreciation – Equipment of $50,000. Straight-line depreciation has been used for the asset which had a 9-year useful life, and salvage of $10,000. On this date, the company concludes that the equipment has a remaining useful life of only 3 years with a $2,000 salvage value. Compute the revised annual depreciation.

Take the perspective of the CEO of a large healthcare system that owns its own managed care health plan. Describe three major ways that you could improve the quality of healthcare in your organization. Critique your solutions regarding the extent to which your solution may cause other problems to surface [what kind?], and the extent to which you as the CEO should have the responsibility and power to implement these changes.

Imagine that you are the CEO of Moet Hennessy Louis Vuitton SE (LVMH). You have just received share price valuation estimates for a potential buyout target, Rimowa, from two of your top financial analysts. Both analysts used the discounted cash flow (DCF) model to estimate the share price resulting in a valuation of $50, by the first analyst and $60, by the second analyst.

You made a buyout offer of $55 a share and Rimowa’s CEO rejected it. The German luxury luggage brand Rimowa is crucial to LVHM’s strategic expansion into brands that have heritage and a unique position. As the CEO of LVHM what would you do to meet LVHM’s strategic objective while minimizing the cost to acquire Rimowa? Briefly defend your recommendation.

As Surfboard Co. fiscal year-end was nearing, the CFO presented the CEO expected financial statement results for the year. The after-tax operating income (OI) was to be $43.7 million resulting in a return on beginning-of-period net operating assets (NOA) of 19.0 percent. “This won’t do!,” declared the CEO. “The Street is expecting a 20.0 percent RNOA,” the CEO continued and sent the CFO back to her office to find any “accounting tricks” to meet the target.

A. How much after-tax operating income does the CFO need to add to meet the Street’s expectations?

B. What is the likely effect of the earnings management on NOA in the current year and its implication for RNOA the following year?

C. Explain how, in general, a manipulation of current operating income has an “accounting effect,” but does not have a “valuation effect.”

Operating and Capital Leases - The CEO of Smith & Sons, Inc., was considering a lease for a new administrative headquarters building. The building was old, but was very well located near the company’s principal customers. The leasing agent estimated that the building’s remaining useful life was ten years, and at the end of its useful life, the building would probably be worth $100,000. The proposed lease term was eight years, and as an inducement to Smith & Sons’ CEO to sign the lease, the leasing agent indicated a willingness to include a statement in the lease agreement that would allow Smith & Sons to buy the building at the end of the least for only $75,000. As the CEO considered whether or not to sign the lease, she wondered whether the lease could be accounted for as an off-balance-sheet operating lease. What would you advise her?

Q3.

Consider the CEO of “Zeus Engineering” who knows very well how to use the Bloomberg Terminals and download the most contemporary data in the global financial markets. He calculates the historical returns by employing the CAPM MODEL.

Consider the following table and assist him in order to estimate the following relationships for Kronos (K) and Titan (T) Multinationals (hereafter, MNEs).

YEAR             MNE (K)                    MNE (T)                    MARKET

2016                14%                            13%                             12%

2017                19%                            7%                             10%

2018                -16%                           - 5%                            -12%

2019                   3%                            1%                                1%

2020                20%                            11%                             15%

Assume that the Risk-Free Rate is 2%

1. What are the betas of the MNE’s K and T respectively?
2. What are the required rates of return for MNE’s K and T?
3. Are stocks for the MNE K and T aggressive or defensive stocks?
4. What is the slope of the SML LINE for MNE stocks K and T respectively? Draw them carefully and provide comments and explanations for the Sharpe’s and Treynor’s Ratios.
5. How different is the CAPM model from the Mean Variance Model?
6. What is the Efficient Frontier? Carefully explain your answer.               

q1 : what is you opinion ?


The chief executive officer (CEO) of a midsize urban hospital was late one Friday evening, so he took a shortcut that caused him to walk by the employee lounge. He walked inside and shook his head. With all the problems of budget cuts and trying to make ends meet, he realized that little money had been available for upkeep of nonpatient areas such as the employee lounge. The carpet was dirty and worn, the coffee mugs were chipped, the wallpaper was torn, and the refrigerator groaned as it cycled on and off. The CEO decided enough was enough. The employees had worked hard and should, at minimum, have an inviting and pleasant employee lounge.

He marched back to his office and called the chief operating officer (COO) to instruct her to create a weekend miracle by calling in the work crews to update and refurbish the employee lounge. He ordered new carpets, new wallpaper, and new appliances, and he wanted it all done by Monday. The CEO told the COO, “I keep telling the employees how much I appreciate their help, especially in these financially tight times, but now I am going to show them. And be sure to replace those old, chipped coffee mugs.” Early on Monday morning, the CEO walked by the employee lounge. It looked terrific, and someone had already made coffee. He made a note to himself to tell the COO what a great job she had done.

When he got to his office, he found the union steward sitting on the couch. “I need to have a word with you,” the union steward said. He had several words, as it turned out: He said that the CEO had violated the collective bargaining contract and that refurbishing the employee lounge should have been, at minimum, discussed with the union. The union steward spent 20 minutes complaining about violations and procedures.

After the union steward left, the CEO called the COO and told her to put the lounge back the way it was, including the chipped coffee mugs. Then the CEO muttered to himself, “That is the last time I try to do anything nice for anyone around here. I have learned my lesson.”

An employee recently transferred to your Department from another area within the organization. While you strongly encourage your staff to reach out to you with any questions at any time, this particular employee never contacts you. As a matter of fact, if you did not take affirmative steps to check in on the employee, you are not sure you would ever see him. The employee is a strong performer but it has become apparent that he routinely makes mistakes and only seeks help after a small problem becomes a significant issue. Many of these mistakes could have arguably been avoided by taking the time to have a quick conversation with you for help or guidance. You are familiar with this employee’s former supervisor and cannot help but wonder if the employee has been programmed with some bad habits. Most specifically, the former supervisor would berate people for seeking help or asking questions. The former supervisor expected everyone to know and do their jobs without any support from her. This manager did not believe her job was to support and mentor subordinates (she used to refer to that as “coddling” the workers). You never agreed with this management style and you suspect the employee is not coming to you with questions out of fear of reprimand.

What do you believe is the underlying problem in this scenario?

How would you propose to address this problem?

What type of follow-up will you need to do to ensure the employee’s behaviors are modified to meet your expectations?

If your coaching does not appear to have an impact on the employee’s behavior, what would be your next steps?