Assume today is the beginning of year 2011, i.e., January 1, 2011. Company ABC is a hi-tech start-up company that had total after tax earnings of $ 2 million in 2010. Of these, $500,000 were paid out as a dividend to shareholders on December 31, 2010, and the remaining dividends are invested to finance future growth. Company ABC has a total number of 1,000,000 shares outstanding so that the dividend per share is $0.5. ABC’s earnings will grow at a rate of 50% per year in year 2011, 2012 and 2013. After that, the company will enter a more mature growth phase and grow at a constant rate of 8% per year forever. The cost of equity (the discount rate for dividends) of this firm is 15%. Company ABC will keep the payout ratio (payout ratio = dividend/ total after tax earnings) unchanged in year 2011 and 2012. After that, it will only retain 40% of after tax earnings for its future growth.

a)Value Company ABC’s stock price at the beginning of year 2011.

1. Dog Food Supply, Inc. reported the following on it December 31, 2019 balance sheet: “4,000,000 shares authorized, 500,000 shares issued and outstanding of $10 par value common stock”. The company issued (for cash) 40,000 shares of common stock on June 30, 2020 when the stock was selling at $45 a share. Then on September 15th, 2020, the company declared a cash dividend of $0.85 per share. On October 15th , of the same year, the company paid the dividends declared in September. On December 1, 2020, the company’s stock price rose to $95 and the company declared a two-for-one stock split.

Required: a. Present the journal entry to record the issuance of the stock on June 30, 2020. Show all supporting calculations.

b. What is the total number of shares outstanding on July 1, 2020?

c. Present the entry to record the declaration and the entry to record the payment of the cash dividends (Sept 15 and Oct 15th). Show all supporting calculations.

d. What is the total number of shares outstanding on December 31, 2020? Show your work.

e. What it the balance in Common Stock account (in dollars) on December 31, 2020? Show your work or calculations. f

. If retained earnings had a balance of $1,200,000 on December 31, 2019 and income summary account had a credit ending balance $800,000 (before closing entries), what is the retained earning balance on December 31, 2020, after all closing entries are posted? Show your work and explain your answer.

You are serving on a jury. A plaintiff is suing the city for injuries sustained after falling down an uncovered manhole. In the trial, doctors testified that it will be 5 years before the plaintiff is able to return to
work. The jury has already decided in favor of the plaintiff. You are the foreman of the jury and propose that the jury gives the plaintiff an award to cover the following items:

(1) The present value of two years back pays ($34,000 in 2018, $36,000 in 2019). Assume that it is January 1, 2020, and that all salary is received at year-end.
(2) The present value of 5 years of future salary (2020-2024). Assume that the plaintiff’s salary would increase at a rate of 3% a year.
(3) $100,000 for pain and suffering
(4) $20,000 for court costs

Assume an interest rate of 7%. What should be the size of the settlement?

Give me an example of a disruptive innovation and discuss how the innovation disrupted the market.

What is the main difference between Technological innovation system and National innovation system ?

4.                  Explain how innovation and entrepreneurship are interrelated concepts. Explain the elements of innovation.  

Diffusion of Innovation (DOI) Theory suggests that five characteristics of an innovation impact our adoption decision: relative advantage, compatibility, complexity, trialability and observability. Select a specific health innovation and discuss how each listed characteristic might impact the adoption decision.

First, describe the following three terms: Organizational Ambidexterity, Network Organizations, and Distributed Innovation. In each section, include the pros and cons of each in terms of designing for innovation. Finally, provide an opinion as to which you believe is most suited for encouraging innovation and why.

Creativity, Innovation, and Entrepreneurship are closely related concepts and activities.

How would you describe the relationship between these three concepts and activities?

What is the role of innovation in entrepreneurship?

What are the three basic types of innovations? Give concrete examples of each type of innovation