Microbiology question!

"Sharon, the CEO of a start-up company, lives in Westchester County, a wooded community north of New York City. She spends her summer weekends e-mailing her managers from the outdoor deck of her home, shaded by tall oak trees. The acorns attract mice and deer, and the leaf litter is full of ticks (Ixodes scapularis) . One evening Sharon’s husband noticed a red rash on her back, consisting of a ring shape several centimeters across, surrounding another red spot in the middle. Sharon recalled seeing this “bull’s-eye” type of rash on the Internet. The rash was described as the hallmark of Lyme disease, or borreliosis, caused in the United States by the tick-borne bacterium Borrelia burgdorferi (in Europe, by the closely related species Borrelia afzelii ). The distinctive rash, erythema migrans (“migrating redness”), begins at the site of a tick bite and expands concentrically as the bacteria migrate outward. Sharon recalled that a neighbor’s child had suffered crippling arthritis caused by an undetected case of Lyme disease. Another neighbor who contracted Lyme disease had suffered from meningitis (inflammation of the brain lining) and neurological abnormalities, including facial paralysis, ultimately losing his job and his million-dollar home. The next day Sharon went to her doctor and was treated with the antibiotic doxycycline, a tetracycline derivative that targets the bacterial ribosome. Doxycycline is the antibiotic of choice for B. burgdorferi . Sharon was fortunate to make a full recovery before serious symptoms appeared. The bull’s-eye rash that is a hallmark of Sharon’s infection is associated with movement of the bacteria from the initial site of tick bite and infection. Discuss how these bacteria move and the cell structures associated with movement."

Once again, your team is the key financial management team for your company. The company’s CEO is now looking to expand its operations by investing in new property, plant, and equipment. In order to effectively evaluate the project’s effectiveness, you have been asked to determine the firm’s weighted average cost of capital. To determine the cost of capital, here is what you have been asked to do.

1. Go to Yahoo Finance (http://finance.yahoo.com) and capture the income statement information for the company you selected. (Be sure that your company has debt on their balance sheet. This will be required in your project.)

a. Enter your company’s name or ticker symbol. Your company’s information should appear.

b. Click on the Financials tab, and select the income statement option. Three years’ worth of income statements should appear. Copy and paste this data into a spreadsheet.

c. Repeat step b. above for the balance sheets of the company.

d. Click on “Historical Prices.” Capture the closing price of the stock as of the balance sheet date for the three fiscal years used in steps b and c above.

URGENT: NEED ANSWER ASAP

PLEASE RESPOND WITH COPY AND PASTE, NOT ATTACHMENT USE ORIGINAL CONTENT NOT USED BEFORE ON CHEGG

PLEASE ANSWER THROUGHLY TO ALL ANSWER TO BEST ABILITES ORIGINAL SOURCE NEVER USED BEFORE!!!

"Off Balance Sheet Financing"

Harold Walker is CEO and Owner of Walker Enterprises (WE), a company that has shown strong and consistent growth over the years. However, WE is struggling with cash flow issues and Harold is looking for a loan and/or line of credit to bolster his company. The problem is that the company’s debt to equity ratio is already high and he knows it will be challenging to find a bank willing to lend him additional funds. Fred, his CFO, has come up with an idea. A large portion of the company’s debt is tied up in the mortgage of their five-story office building. Fred has suggested moving this debt to “off balance sheet” by creating an SPV (Special Purpose Vehicle) that owns the building on behalf of the company and then leases it back. This results in WE entering into an operating lease off the balance sheet and recording only the relatively small monthly “rent” as an operating expense. Fred says this will significantly increase the company’s liquidity and present a balance sheet that will be much more attractive to any potential lenders.

Fred has assured Harold this is legal and common. This arrangement does not feel right to Harold.

• What additional information should Harold request?
• What additional reservations or concerns would you have?

You are the CEO of a large, name-brand consumer packaged goods company. Some of your most well-known products include frozen foods, bottled drinks and juices, salad/food dressings and snacks. You have garnered considerable success in the domestic U.S. market, where you have commanding market shares in almost all of your food categories. On a recent trip to the international foods convention in Vegas, you meet with some investment bankers who are following your company's strategy and day-to-day events. They point out to you that they would like to see you continue to sustain the high growth rate of your company. In fact, they believe that an important way to continue growing is by entering new overseas markets. You concur, and are willing to hear what else they might have to say. The bankers realize you are somewhat risk-averse, as you are unwilling to make an outright acquisition of a company in a market or region with which you are not familiar. However, they note that are two potential alliance partners who would like to talk with you. Both of these companies are in the same industry as you, so there is no issue of industry-based friction or tension. On the other hand, the two prospective firms differ from each other along some important dimensions.
The first company (call it A) is small, managed by a young and enthusiastic management team, but is comparatively new to the food business. In fact, the young leader of company A claims to have read about you in airline magazines and other business publications, and he/she aspires to build the same kind of company that you did. He/she looks up to you and is excited that you are considering his/her company as a potential partner. Company A is well-situated in an emerging market that looks promising, but is already well-represented by the operations and subsidiaries of other highly diversified, multinational food firms. Most of company A’s business is dedicated to providing bottled drinks to its own emerging market. These bottled drinks are wildly popular, and you are thinking that they could be exported to other similar emerging markets (and even the U.S. market) if the conditions are right. The bottled drinks business offer you a nice way to get into A’s emerging market, where you can contribute important skills, but you are concerned that the A’s facilities are not quite up to your quality standards. An additional factor to consider is that the transportation infrastructure in A’s marketplace is uneven, raising the possibility that freight damage could occur, as well as perishability, due to the limited shelf-life of bottled drinks. Company A prefers to work with you in a joint venture format where the both companies form a third-party entity that would serve as the nerve center and operations base of the alliance.
The second company (call it B) is large, and highly diversified in many food businesses. It is almost two-thirds (2/3) your size and has been around for almost thirty years. It has a long history of working closely with the government in its marketplace, and at one point, was owned by the government before it was privatized. Competing in a free-market economy remains more of an abstract, than a real, tangible concept. In fact, company B is often a place where departing government officials often call home, since there are many ties with B’s management that were developed over time. Company B’s management has a marked tendency to look towards its central government for “guidance” on how it should compete. As such, the company has not evinced a high degree of urgency for profitability nor for perfection. Although B owns a number of modern, state-of-the-art bottling and food processing facilities, they are all heavily unionized, and workers are worried about competing in this post-privatization environment. Company B offers you a wide variety of possible joint food-related projects within a broad alliance, and B’smarketplace is only now beginning to be discovered by other multinational firms. Transportation in B’s marketplace is somewhat better, but company B has relied exclusively on its own set of suppliers for bottles, cans, labels, and bottle caps for a long time. There are few other suppliers of these inputs to B in that market. Company B, however, does not want to work in a joint venture alliance format with you. In fact, company B insists on a co-production arrangement that does not involve any type of third-company formation, equity sharing or the like.Being somewhat of a cautious person, you choose to investigate allying with only one of the two potential partners. Financing is easily available.

Based on the notion of differing perceptions of time, how does Company A appear to think? Also, how does Company B appear to think? What makes each company “tick?”

Chan Corporation adopts revaluation accounting for its equipment that is used in operation of the business. The equipment was purchased on January 1, 2019 for $620,000. It has 5-year useful life with $20,000 residual value. The company has the following information related to the equipment. Assume that the estimated useful life and residual value do not change during the periods and the company uses straight-line method of depreciation. Round all answers to the nearest dollar. Date Fair Value January 3, 2019 $620,000 December 31, 2019 440,000 December 31, 2020 400,000 December 31, 2021 240,000 Based on IFRS, Chan Corporation transfers from AOCI to Retained Earnings or from Retained Earnings to AOCI the difference between depreciation based on the revalued carrying amount of the equipment and depreciation based on the asset’s original cost. Instructions: Prepare the journal entries for Chan Corporation for the following transactions.(round your answer to the nearest dollars) a. Purchase of equipment on 1-1-2019. b. Adjusting entries related to the equipment on 12-31-2019. c. Adjusting entries related to the equipment on 12-31-2020. d. Adjusting entries related to the equipment on 12-31-2021

Problem 11-10

Skysong Corporation, a manufacturer of steel products, began operations on October 1, 2016. The accounting department of Skysong has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company’s records and personnel.

Complete the schedule below. (Round answers to 0 decimal places, e.g. 45,892.)

SKYSONG CORPORATION

Fixed-Asset and Depreciation Schedule

For Fiscal Years Ended September 30, 2017, and September 30, 2018

Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2016. Miller paid $896,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $224,000 both before and after Miller’s acquisition.On January 1, 2016, Taylor reported a book value of $626,000 (Common Stock = $313,000; Additional Paid-In Capital = $93,900; Retained Earnings = $219,100). Several of Taylor’s buildings that had a remaining life of 20 years were undervalued by a total of $83,400.During the next three years, Taylor reports income and declares dividends as follows:YearNet IncomeDividends2016$73,100$10,500201794,50015,8002018105,30021,100Determine the appropriate answers for each of the following questions:A.

What amount of excess depreciation expense should be recognized in the consolidated financial statements for the initial years following this acquisition?B. If a consolidated balance sheet is prepared as of January 1, 2016, what amount of goodwill should be recognized?C. If a consolidation worksheet is prepared as of January 1, 2016, what Entry S and Entry A should be included?D. On the separate financial records of the parent company, what amount of investment income would be reported for 2016 under each of the following accounting methods?The equity method.The partial equity method.The initial value method.E. On the parent company’s separate financial records, what would be the December 31, 2018, balance for the Investment in Taylor Company account under each of the following accounting methods?The equity method.The partial equity method.The initial value method.F. As of December 31, 2017, Miller’s Buildings account on its separate records has a balance of $844,000 and Taylor has a similar account with a $316,500 balance. What is the consolidated balance for the Buildings account?G. What is the balance of consolidated goodwill as of December 31, 2018?H. Assume that the parent company has been applying the equity method to this investment. On December 31, 2018, the separate financial statements for the two companies present the following information:Miller CompanyTaylor CompanyCommon stock$527,500$313,000Additional paid-in capital295,40093,900Retained earnings, 12/31/18654,100444,600d. On the separate financial records of the parent company, what amount of investment income would be reported for 2016 under each of the following accounting methods?e. On the parent company’s separate financial records, what would be the December 31, 2018, balance for the Investment in Taylor Company account under each of the following accounting methods?d. Investment Incomee. Investment BalanceThe equity methodThe partial equity methodThe initial value methodf. As of December 31, 2017, Miller’s Buildings account on its separate records has a balance of $844,000 and Taylor has a similar account with a $316,500 balance. What is the consolidated balance for the Buildings account?g. What is the balance of consolidated goodwill as of December 31, 2018?f.Consolidated balanceg.Consolidated balance H. Assume that the parent company has been applying the equity method to this investment. On December 31, 2018, the separate financial statements for the two companies present the following information:Miller CompanyTaylor Company Common stock$527,500$313,000 Additional paid-in capital295,40093,900 Retained earnings, 12/31/18654,100444,600What will be the consolidated balance of each of these accounts?Common stockAdditional paid-in capitalRetained earnings, 12/31/18

Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2016. Miller paid $896,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $224,000 both before and after Miller’s acquisition.

On January 1, 2016, Taylor reported a book value of $406,000 (Common Stock = $203,000; Additional Paid-In Capital = $60,900; Retained Earnings = $142,100). Several of Taylor’s buildings that had a remaining life of 20 years were undervalued by a total of $54,200.

During the next three years, Taylor reports income and declares dividends as follows:

Determine the appropriate answers for each of the following questions:

What amount of excess depreciation expense should be recognized in the consolidated financial statements for the initial years following this acquisition?

If a consolidated balance sheet is prepared as of January 1, 2016, what amount of goodwill should be recognized?

If a consolidation worksheet is prepared as of January 1, 2016, what Entry S and Entry A should be included?

On the separate financial records of the parent company, what amount of investment income would be reported for 2016 under each of the following accounting methods?

The equity method.

The partial equity method.

The initial value method.

On the parent company’s separate financial records, what would be the December 31, 2018, balance for the Investment in Taylor Company account under each of the following accounting methods?

The equity method.

The partial equity method.

The initial value method.

As of December 31, 2017, Miller’s Buildings account on its separate records has a balance of $556,000 and Taylor has a similar account with a $208,500 balance. What is the consolidated balance for the Buildings account?

What is the balance of consolidated goodwill as of December 31, 2018?

Assume that the parent company has been applying the equity method to this investment. On December 31, 2018, the separate financial statements for the two companies present the following information:

What will be the consolidated balance of each of these accounts?

Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2016. Miller paid $768,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $192,000 both before and after Miller’s acquisition.

On January 1, 2016, Taylor reported a book value of $616,000 (Common Stock = $308,000; Additional Paid-In Capital = $92,400; Retained Earnings = $215,600). Several of Taylor’s buildings that had a remaining life of 20 years were undervalued by a total of $82,200.

During the next three years, Taylor reports income and declares dividends as follows:

Determine the appropriate answers for each of the following questions:

1. What amount of excess depreciation expense should be recognized in the consolidated financial statements for the initial years following this acquisition?

2. If a consolidated balance sheet is prepared as of January 1, 2016, what amount of goodwill should be recognized?

3. If a consolidation worksheet is prepared as of January 1, 2016, what Entry S and Entry A should be included?

4. On the separate financial records of the parent company, what amount of investment income would be reported for 2016 under each of the following accounting methods?

• The equity method.
• The partial equity method.
• The initial value method.

5. On the parent company’s separate financial records, what would be the December 31, 2018, balance for the Investment in Taylor Company account under each of the following accounting methods?

• The equity method.
• The partial equity method.
• The initial value method.

6. As of December 31, 2017, Miller’s Buildings account on its separate records has a balance of $844,000 and Taylor has a similar account with a $316,500 balance. What is the consolidated balance for the Buildings account?

7. What is the balance of consolidated goodwill as of December 31, 2018?

8. Assume that the parent company has been applying the equity method to this investment. On December 31, 2018, the separate financial statements for the two companies present the following information:

What will be the consolidated balance of each of these accounts?

Miller Company acquired an 80 percent interest in Taylor Company on January 1, 2016. Miller paid $856,000 in cash to the owners of Taylor to acquire these shares. In addition, the remaining 20 percent of Taylor shares continued to trade at a total value of $214,000 both before and after Miller’s acquisition.

On January 1, 2016, Taylor reported a book value of $752,000 (Common Stock = $376,000; Additional Paid-In Capital = $112,800; Retained Earnings = $263,200). Several of Taylor’s buildings that had a remaining life of 20 years were undervalued by a total of $100,300.

During the next three years, Taylor reports income and declares dividends as follows:

Determine the appropriate answers for each of the following questions:

As of December 31, 2017, Miller’s Buildings account on its separate records has a balance of $1,004,000 and Taylor has a similar account with a $376,500 balance. What is the consolidated balance for the Buildings account? What is the balance of consolidated goodwill as of December 31, 2018?