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Portions of the financial statements for Parnell Company are provided below.

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.)

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?

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?

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

On April 1, 2020, Mendoza Company (a U.S.-based company) borrowed 514,000 euros for one year at an interest rate of 5 percent per annum. Mendoza must make its first interest payment on the loan on October 1, 2020, and will make a second interest payment on March 31, 2021, when the loan is repaid. Mendoza prepares U.S. dollar financial statements and has a December 31 year-end. Prepare all journal entries related to this foreign currency borrowing assuming the following exchange rates for 1 euro:

• 1 Record the borrowal of the foreign loan.

• 2 Record the first interest payment on the foreign loan.

• 3 Record the year-end interest accrual on the foreign loan.

• 4 Record the year-end adjustment to the foreign loan.

• 5 Record the second interest payment and foreign exchange gain or loss.

• 6 Record the repayment of the loan and foreign exchange gain or loss.

Exercise 21-12 (Part Level Submission)

On January 1, 2020, Pharoah Company leased equipment to Flynn Corporation. The following information pertains to this lease.

1.The term of the non-cancelable lease is 6 years. At the end of the lease term, Flynn has the option to purchase the equipment for $1,000, while the expected residual value at the end of the lease is $9,000.

2.Equal rental payments are due on January 1 of each year, beginning in 2020.

3.The fair value of the equipment on January 1, 2020, is $120,000, and its cost is $110,000.

4.The equipment has an economic life of 8 years. Flynn depreciates all of its equipment on a straight-line basis.

5.Pharoah set the annual rental to ensure a 6% rate of return. Flynn's incremental borrowing rate is 8%, and the implicit rate of the lessor is unknown.

6.Collectibility of lease payments by the lessor is probable.

Both the lessor and the lessee's accounting periods end on December 31.

a. What is the amount of the annual Rental Payment?

d.   Suppose the collectibility of the lease payments was not probable for Pharoah. What are the necessary journal entries for the company in 2020.

c.   What are the journal entries for Flynn for 2020.

In this assignment, assume that the Sec. 179 and bonus depreciation tax apply to the 2020 tax year where applicable.

1. For a-d, determine the total depreciation amount for 2020 assuming the taxpayer opted out of Sec. 179 and bonus if they were available in the year of purchase. In addition, assume all taxpayers use a calendar year tax period and that the property mentioned was the only property purchased in the year of acquisition.
   
   

Grouper Company began operations on January 2, 2019. It employs 9 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows.

Grouper Company has chosen to accrue the cost of compensated absences at rates of pay in effect during the period when earned and to accrue sick pay when earned.

Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2019 and 2020.

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.