Questions
Portions of the financial statements for Parnell Company are provided 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 $ 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...

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...

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...

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...

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

How does increase in advertising expenditure relate to increase in sales? Give five reasons with proper justification for each reason.

 
Case Study I
The Fortune company deals with oil products which are supplied to public and private cosmetic companies. The CEO Mr. Usama of Fortune consistently used to cut the advertising budgets. To overcome this, his managers, on several occasions had presented Mr. Usama evidence of a solid link among, advertising, preference, market share & profit. Each time this occurred, the CEO would maintain his stand. Lately a manager brought to him a research article on advertising. It showed that the average industrial firm can increase its market share by 30 per cent, when it backs up the sales force with advertising. Mr. Usama, reflected on the range of his products/market situation and said “That’s only true sometimes and leaned back”.
 
Questions
(1) How does increase in advertising expenditure relate to increase in sales? Give five
reasons with proper justification for each reason. 
 
(2) a. You are required to identify the problems in the above case and suggest suitable solutions with proper justification. 
b. Do you think that marketing research can change the stand of CEO. Considering the above case mention any three importance of marketing research.
 

In: Accounting

Answer choices A and B are summary statistics. Answer choices C through K are inference techniques....

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...

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

  • A bookstore
  • An all-inclusive resort hotel
  • A university
  • A company that produces organic snacks
  • A sports equipment company

In: Operations Management

HARLAND CORP has been in existence for 45 years. Over the past, 6 years the stock...

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...

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