Shalit Corporation's 2011 sales were $8 million. Its 2006 sales were $4 million.

1. At what rate have sales been growing? Round your answer to two decimal places

e) If the claims submitted by the Contractor cannot be agreed by the Architect, advice the Contractor what can he do and what are the dispute resolution mechanisms available within PAM 2006 for him to resolve the claim issues ?

Identifying a Contract

Consider each of the following scenarios:

Required:

1. Determine if a contract exists for each of the scenarios.

2. If it is determined that a contract exists but the seller believes it is probable that it will not collect the expected consideration, how does this affect the seller's ability to recognize revenue?

If it is probable that the seller will not collect the expected consideration in exchange for goods or services that it has promised to transfer to the customer, any amounts that the seller does not expect to collect will the transaction price. This adjusted transaction price will be the starting point to apply the remaining steps of the revenue recognition model.

Check My Work1 more Check My Work uses remaining.

Luke’s Car Corp. (LCC) sells the Exotica 3000, a luxury automobile for $200,000. A fiveyear “bumper to bumper” (all inclusive) warranty on this vehicle can be purchased for $20,000 by interested parties up to one year after the purchase date of the car. The car and warranty can be purchased as a package at time of sale for $215,000.

LCC is a publicly accountable enterprise; its year end is December 31. It recognizes revenue annually on the warranty agreement based on the passage of time. The costs of meeting the warranty obligation are expensed when incurred.

On January 1, 20X5, LCC sold five of the car/warranty packages to a wealthy family. The cost of the vehicles sold, which were in inventory, was $842,000. The cost of meeting the warranty during 20X5, which was paid in cash, totalled $7,000.

Round percentages to one decimal place — for example, 5.5%

Required:
Prepare journal entries pertaining to this transaction for January 1, 20X5, and December 31, 20X5, together with a summary journal entry to record the cost of meeting the warranty obligations in 20X5.

Apple organization like any other business organization is required by the law to function according to the stipulated ethics so as to respond effectively to both internal and external triggers of change. These ethics are important in an organization since it expresses the values an organization has to its workers and to the general public. The elements which have contributed to this organizations excellent performance in the competitive market include respect for the clients, honesty and trust among other ethics. These ethics have contributed to Apple’s organization overall performance through influencing its employees ways of thinking, building trust within the organization and their customers and developing goal oriented culture in the organization hence, its excellent performance in the electronics market (Ferrell et al. 2008). Upholding of the labor and human rights to promote dignity are some of the ethical principles of the Apple organization. This is achieved through treating its employees with dignity and respecting their varied needs and backgrounds to promote organization’s productivity and unity at the workplace. Other ethical codes in this organization include, antidiscrimination (basing on race, age gender or color), fair remuneration, prevention of forced labor, prevention of under-aged labor, provision of adequate working hours( 60hours per week), freedom of association within the organization among other ethics which govern the behavior of the employees in the organization (Peng, 2009). Despite these reputations linked with the Apple organization, the organization has been associated with various unethical behaviors which have contributed negatively to the company’s provision of their products and services to their customers. The company should function in a way that is acceptable in the society and engage in organization’s activities which contribute to the overall economic stability and protection of the environment (Lusted, 2012). Therefore, this paper tries to analyze in detail the unethical behaviors which have been associated with the Apple Company, and try to identify some of the effects which are likely to contribute to these unethical behaviors. The analysis is done taking into consideration the MAN2100 which stipulates the ethical responsibilities which the organization should uphold. One of the unethical behaviors of the Apple Company is the violation of their employees’ rights and labor laws. This is evidenced by the long working hours its employees have to perform their tasks. For instance, audits done in the company revealed that the employees were working in the company for a duration of more than 60 hours a week and some employees working in the organization for a duration of more than six days in a week. Additionally, the company is involved in the employment of children who are less than 15 years and providing false information in their records. The employees are paid less wages as compared to the duration of their working hence, violating their rights which is unethical (Zimmerli, 2006). Additionally, the company engages in innovations which are considered unethical according to the MAN2100 regulation on organization’s responsibilities. The employees responsible for marketing these innovations are required by the organization work for long periods of time causing burn out and exhaustion to these employees. Employees have faced incidences of injuries such as motion injuries, injuries due to exposure to toxic chemical substances and the provision of unhealthy working conditions at the pretext of promoting innovations contributing to the violation of the employees’ labor rights hence, engaging in unethical behaviors (Creemer, 2009).

For this text : Find a solution to Apple Company to solve this Unethical issue

Analysis it then provide Findings and Analysis

then provide a Recommendation

and a conclusion

Analysis of South American Operations

Claire Jackson (CEO) of Easy Learning (EL) is considering discontinuing operations in South America, which are based in Argentina. For a variety of reasons it has been a challenge for EL to grow the busi- ness in this region and costs continue to rise because of high inflation. Results from the most recent fiscal year just ended are shown below.

Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $400,000

Variable expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180,000

Contribution margin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $220,000

Fixed expenses .................................                               310,000

Operating income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . ($90,000)

If the South American operations are discontinued, Jackson has identified the following implications:

1.  Assets with an original cost of $485,000, mostly leasehold improvements and computer equipment, can be sold for $15,000. Assume that the assets are completely written off for both accounting purposes and tax purposes (i.e., $0 NBV and UCC) and that the salvage proceeds of $15,000 are not taxable. 


2. Severance pay for the three full-time employees will total $50,000. Severance pay is a tax deductible expense. 


3.  Of the total annual fixed expenses of $310,000, $40,000 represents an allocation from head office for computer support and will continue to be incurred even if the South American operations are discontinued. 


4.  The corporate tax rate in Argentina is 35%. 


Jackson is also considering the option of trying to make the South American operations profitable. She believes that with more emphasis on marketing and sales, EL could be successful. Details and assumptions made by Jackson for this option are as follows:

1.  To increase sales, an additional marketing specialist would be hired immediately at an annual cost of $110,000 including benefits. This is $20,000 higher than the next highest paid employee in EL's Argentina office. 


2.  The new marketing specialist should be able to acquire two new customers in each of the next two years and each customer will generate annual revenue of $100,000. One additional new customer will be acquired each year thereafter and each will generate annual revenue of $100,000. 


3.  Hiring a new marketing specialist will necessitate the purchase of office furniture with a total cost of $5,000. The CCA rate in Argentina for office furniture is 10%. Assume there is no CCA half- year rule in Argentina. 


4.  EL will not lose any existing customers over the next five years and will be able to retain all newly acquired customers over that same period. This contrasts with the typical churn rate for high-tech companies of about 20% per year. 


5.  Variable expenses will continue at the same rate as in the most recent fiscal period for the next five years. 


6.     The marketing specialist will receive a commission of 10% of revenue generated from new cus- tomer acquisitions. 


7.  Existing total fixed expenses of $310,000 per year, including the $40,000 allocation from head of- fice for computer support, will be unchanged for the next five years. 


Required:

1.    Should the South American operations be discontinued or should Jackson hire a new marketing 
specialist in an attempt to grow the business? Because of the uncertainty in the South American operating environment, Jackson wants you to preparee your analysis of the two options for a five- year period. EL has a required return of 12%. 


2.  Regardless of your recommendation for part 1, what qualitative factors should Jackson consider when deciding whether or not to discontinue operations in South America? 


3.  Assume that the marketing specialist will be able to acquire two new customers in the first year, but thereafter only one new customer will be acquired each year. Each new customer will generate an- nual revenue of $100,000. Given this new assumption, revise your analysis of the option to con- tinue operations in South America. Assume all other details and assumptions regarding this option remain unchanged. Should the operations be discontinued or should the new marketing specialist be hired? 


4.  What do the results of the revised analysis in part 3 above suggest about the riskiness of the option to hire a new marketing specialist? How could this risk be incorporated in your analysis? 


a. Molly started the business by depositing $5,000 in a business checking account on April 1 in exchange for common stock.

b. The company provided services to clients and received $4,215 in cash.

c. The company borrowed $1,200 from the bank for the business by signing a note.

d. The company paid $1,125 of operating expenses.

e. The company purchased a new computer for $3,000 cash to use to keep track of its? customers, starting next month.

f. The company distributed $1,050 to the owner as dividends.

Income Statement and Balance Sheet

Green Bay Corporation began business in July 2017 as a commercial fishing operation and a passenger service between islands. Shares of stock were issued to the owners in exchange for cash. Boats were purchased by making a down payment in cash and signing a note payable for the balance. Fish are sold to local restaurants on open account, and customers are given 15 days to pay their account. Cash fares are collected for all passenger traffic. Rent for the dock facilities is paid at the beginning of each month. Salaries and wages are paid at the end of the month. The following amounts are from the records of Green Bay Corporation at the end of its first month of operations:

1. Using the data given, prepare an income statement for the month ended July 31, 2017.

2. Using the data given, prepare a balance sheet at July 31, 2017.

3. While assessing the long-term viability of the Notes Payable, which of the following would you least consider?

What was the initial ethical dilemma faced by the decision maker in this case?

In 2004, Becton Dickinson, the world’s largest manufac- turer of medical supplies and equipment agreed to pay Retractable, a small innovative company making safety syringes, $100 million dollars for damages it had inflicted on the small manufacturer. The year before, Premier and Novation, two of the largest GPOs (general purchasing organizations that buy supplies for hospitals and clinics), had paid Retractable an undisclosed sum of money for damages they had inflicted on the small company by co- operating with Becton Dickinson. Much more important, and uncompensated, however, were the injuries the three companies were said to have inflicted on countless health workers who had contracted AIDS and other blood-borne diseases because the three companies had blocked Re- tractable from selling its safety syringes to the hospitals, medical clinics, and other health organizations where they worked. To add insult to injury, in 2009, Becton Dickin- son was found by a jury to have copied Retractable’s pat- ented safety syringes and to have sold them to the very organizations whom earlier it had not allowed to have ac- cess to Retractable’s revolutionary safety syringes......

I can't post the whole case as it is too long to post. But you can find the case similar like this on Chegg. Sorry for the inconvenience!