Portions of the financial statements for Parnell Company are provided below.
| PARNELL COMPANY | ||||||
| Income Statement | ||||||
| For the Year Ended December 31, 2021 | ||||||
| ($ in thousands) | ||||||
| Revenues and gains: | ||||||
| Sales | $ | 770 | ||||
| Gain on sale of building | 12 | $ | 782 | |||
| Expenses and loss: | ||||||
| Cost of goods sold | $ | 285 | ||||
| Salaries | 117 | |||||
| Insurance | 37 | |||||
| Depreciation | 120 | |||||
| Interest expense | 47 | |||||
| Loss on sale of equipment | 12 | 618 | ||||
| Income before tax | 164 | |||||
| Income tax expense | 82 | |||||
| Net income | $ | 82 | ||||
| PARNELL COMPANY | |||||||||
| Selected Accounts from Comparative Balance Sheets | |||||||||
| December 31, 2021 and 2020 | |||||||||
| ($ in thousands) | |||||||||
| Year | |||||||||
| 2021 | 2020 | Change | |||||||
| Cash | $ | 131 | $ | 103 | $ | 28 | |||
| Accounts receivable | 321 | 219 | 102 | ||||||
| Inventory | 324 | 422 | (98 | ) | |||||
| Prepaid insurance | 69 | 85 | (16 | ) | |||||
| Accounts payable | 207 | 120 | 87 | ||||||
| Salaries payable | 108 | 96 | 12 | ||||||
| Deferred tax liability | 66 | 55 | 11 | ||||||
| Bond discount | 184 | 203 | (19 | ) | |||||
Required:
2. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the indirect method. (Enter your answers in thousands (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.)
| Cash Flows from Operating Activities: | |
| Net income | |
| Adjustments for noncash effects: | |
| Gain on sale of building | |
| Loss on sale of equipment | |
| Depreciation expense | |
| Changes in operating assets and liabilities: | |
| Increase in accounts receivable | |
| Decrease in inventory | |
| Increase in accounts payable | |
| Increase in salaries payable | |
| Decrease in prepaid insurance | |
| Increase in deferred tax liability | |
| Net cash flows from operating activities | $0 |
In: Accounting
How did you feel about your new position as programmer Analyst? Do you feel your academic preparation which is MBA has been sufficient for you to be able to fulfil your current job expectations? Explain why or why not.
PLEASE ANSWER IN 350 WORDS AND IN WORD FORMAT ONLY.
THANKS
In: Operations Management
7. (a) Among the four types of unemployment, identify the economically best type and explain why it’s the best. (b) Identify the economically most costly type of unemployment and explain why it’s the most costly. (c) What type of unemployment are workers most likely to experience after they have earned an MBA degree? Explain.
In: Economics
Required information
[The following information applies to the questions
displayed below.]
Portions of the financial statements for Parnell Company are
provided below.
| PARNELL COMPANY | ||||||
| Income Statement | ||||||
| For the Year Ended December 31, 2021 | ||||||
| ($ in thousands) | ||||||
| Revenues and gains: | ||||||
| Sales | $ | 790 | ||||
| Gain on sale of building | 10 | $ | 800 | |||
| Expenses and loss: | ||||||
| Cost of goods sold | $ | 295 | ||||
| Salaries | 119 | |||||
| Insurance | 39 | |||||
| Depreciation | 122 | |||||
| Interest expense | 49 | |||||
| Loss on sale of equipment | 12 | 636 | ||||
| Income before tax | 164 | |||||
| Income tax expense | 82 | |||||
| Net income | $ | 82 | ||||
| PARNELL COMPANY | |||||||||
| Selected Accounts from Comparative Balance Sheets | |||||||||
| December 31, 2021 and 2020 | |||||||||
| ($ in thousands) | |||||||||
| Year | |||||||||
| 2021 | 2020 | Change | |||||||
| Cash | $ | 133 | $ | 101 | $ | 32 | |||
| Accounts receivable | 323 | 217 | 106 | ||||||
| Inventory | 322 | 424 | (102 | ) | |||||
| Prepaid insurance | 67 | 87 | (20 | ) | |||||
| Accounts payable | 209 | 118 | 91 | ||||||
| Salaries payable | 104 | 94 | 10 | ||||||
| Deferred tax liability | 62 | 53 | 9 | ||||||
| Bond discount | 188 | 201 | (13 | ) | |||||
Required:
1. Prepare the cash flows from operating
activities section of the statement of cash flows for Parnell
Company using the direct method. (Enter your answers in
thousands (i.e., 10,000 should be entered as 10). Amounts to be
deducted should be indicated with a minus sign.)
Required:
2. Prepare the cash flows from operating activities
section of the statement of cash flows for Parnell Company using
the indirect method. (Enter your answers in thousands
(i.e., 10,000 should be entered as 10). Amounts to be deducted
should be indicated with a minus sign.)
In: Accounting
Supposed that you represent the shareholder board of Apple Inc. and decide to elicit high CEO effort to help the company: What will be your incentive contract plan (e.g. bonus, stock option…etc.)?
2) Given your answer in a, if Apple does not perform as expected (say iphone X is not popular), what criticism of the incentive contract plan can you see?
In: Economics
In: Accounting
Answer choices A and B are summary statistics. Answer choices C through K are inference techniques. Each answer choice is to be used only once.
Summary Statistics: A. Mean B. Five-number summary
Inference Techniques: C. 1-sample mean t-test D. Matched pairs E. 2-sample comparison of means F. One-way ANOVA G. Two-way ANOVA H. Simple linear regression I. Multiple regression J. 1-sample proportion test K. Chi-square test
_____ Part One. In the population, is there an association between the brand of the car owned by a person and the type of job that person has?
_____ Part Two. Is there evidence that the average height of men in the US has increased from 70 inches over the past ten years?
_____ Part Three. Is there evidence that the mean age of vegetarians is greater than the mean age of non-vegetarians in the US?
_____ Part Four. Is there evidence that the mean of the differences between the weight of a person, before and after following a low carb diet for three months, is greater than five pounds?
_____ Part Five. What is the interquartile range for the grades obtained by students in Stat 301 last semester? All grades are available for analysis.
_____ Part Six. Do the university, the school (liberal arts, science, engineering, technology, etc.) and the interaction between those two factors influence the salary of college professors?
_____ Part Seven. Is there evidence that the mean price of California oranges is not the same in Indiana, Illinois and Ohio?
_____ Part Eight. Is there evidence that the percentage of vegetarians in the US is less than 5%?
_____ Part Nine. In the population, can the long jump distance of a ten-year-old be predicted based on his/her height?
_____ Part Ten. What is the mean number of pets of the twenty neighbors of Russell street? Data is collected from all the twenty neighbors in that street.
_____ Part Eleven. Can the weight of a person be predicted based on time dedicated to exercise daily, their age and the amount of milk he/she consumes daily?
In: Statistics and Probability
As a marketing consultant, you are frequently asked by clients to develop recommendations for marketing communication strategies. The traditional elements used include advertising, sales promotion, public relations, and personal selling. Which of these do you feel would be most effective for each of the following clients? Why? (200 Words). please
In: Operations Management
HARLAND CORP has been in existence for 45 years. Over the past, 6 years the stock price has stagnated and remained between $22.15 and $22.82. The CEO, who started the company, believes that the stock price needs to be higher, and the best way to do that is to pay a dividend to increase the demand for the stock. The company has never paid a dividend in their history. The CEO needs to determine what type of dividend policy to follow, and how much the first dividend should be, so he comes to you for advice. He provides you with the following historical information as it relates to the company’s earnings per share (as an aside, dividends per share should not exceed EPS unless the firm is liquidating):
YEAR EPS
2017 $2.36
2016 $2.12
2015 $0.81
2014 $2.01
2013 $2.09
2012 $2.44
2011 $2.31
2010 $2.01
You are to prepare a brief memo (1 page, single-spaced) as to what dividend policy you recommend, why you recommend it, what initial dividend amount you recommend, and why you recommend that amount.
In: Finance
Ernest and Young conducts its Decision-making in one of the most important aspects of their services to small businesses, but the process of arriving at a decision is quite precise, it yields the best results for their client executive team as they conduct major decisions. There are a few smaller decisions that managers and staff members will make, sometimes without input. To ensure that decision-making is uniform throughout your organization, the implementation process is carefully followed. 7. Create a decision-making model through a diagram to show how your company makes a decision. 8. Provide three examples to how a CEO can participate in a decision-making process. 9. Based on what we discussed in class, in your opinion, list three examples of errors in decision making.
7. Create a decision-making model through a diagram to show how your company makes a decision.
8. Provide three examples to how a CEO can participate in a decision-making process.
9. Based on what we discussed in class, in your opinion, list three examples of errors in decision making.
In: Operations Management