A 33-year-old woman purchases a $100,000 term life insurance policy for an annual payment of $490. Based on a period life table for the U.S. government, the probability that she will survive the year is 0.999051. Find the expected value of the policy for the insurance company. Round to two decimal places for currency problems.

U.S. GAAP and IFRS require property, plant, and equipment to be accounted for and reported differently. Explain the major differences between the two and how this affects the financial statements. Select one or the other method, explain your reason for your selection, providing support why your selection provides a benefit to the company.

Your software consulting company, with offices in 3 major U.S. cities as well as London and Frankfurt, has budgeted $300,000 to grow its customer base via digital marketing/advertising. From among SEO, Search Advertising, Email and content marketing, what do you recommend and why?

Over time, Google grew from an Internet search company to a global mass of related and unrelated businesses operating around the globe. Google’s founders decided to give the organization a new name, Alphabet, to reflect its current diversity. They also gave it a new structure that would allow the highly specialized operations to function interdependently, meaning that there is flexibility and some autonomy but also unification and coordination. What type of structure is Alphabet using?

Initially, you thought moving into the Chinese market would be a snap. The technological components you manufacture are universal, so there is no need for you to adapt your products to local needs. You thought it would be as simple as setting up a distribution center and a sales force. But now the Chinese government has hit you with huge fines because, they say, you’ve failed to secure the proper licenses and pay appropriate tariffs. You’re wondering what else you’ve done wrong. What can you do to cope with the increased complexity stemming from your move into China?

Over the years, Phoenix Electronics has grown through international acquisitions. The organization’s many businesses are grouped into three geographic units: North America, South America, and Asia. Unfortunately, the three division presidents don’t communicate, often compete for resources, and usually fight for dominance in the eyes of the CEO. What is the primary benefit Phoenix would get from establishing a global coordination group at the organization’s headquarters?

As the product manager for the pudding product line of a growing snack foods manufacturer in the U.S., you were excited to learn that senior leadership is thinking about going global. However, initial research into new markets has revealed that consumers in Great Britain think your puddings are too sweet, while consumers in Bangladesh think your products aren’t sweet enough. Plus, the target audience changed depending on the market, which means a unique marketing strategy for each. You’re starting to doubt that entering foreign markets will work for your product and others made by your organization. Which strategy makes the most sense for your organization to use to expand globally?

Your organization, which is located in the U.S., manufactures inexpensive cell phones. In recent years, competition and changing consumer preferences in the domestic market have driven sales down, which is why you’re considering entering the African market, where the demand for inexpensive cell phones is high. Which of the following provides the strongest motivation for you to expand globally?

The little sandwich shop founded by your grandfather 50 years ago has turned into a vast network of franchised sandwich shops across the U.S. As the current CEO, you’d like to see the organization continue to grow into foreign markets, yet you’re aware that consumers in some markets won’t be interested in some of the chain’s standardized menu items. You’re wondering if you can capitalize on the successful structure and reputation you’ve established while appealing to consumers outside the U.S. Which strategy makes the most sense for your organization to use to expand globally?

As the Chief Product Officer of an organization that produces personal and home care items, you are always on the lookout for growth opportunities. Last year, your organization decided to market its laundry detergent—one of your best-selling products across Europe—in several African nations, but sales have been dismal. The product manager hired a market research firm to find out why, and it turns out that consumers in that market object to the packaging, the scent, and the price. Despite this failure, you still believe there is a high demand for detergent products like yours in Africa, so what could you do apply your organization’s knowledge to this market?

You are the CEO of a global financial services organization with more than 100,000 employees operating in nearly 95 countries. You recognize the need for flexibility and autonomy among the different operating units, yet you want to unify and coordinate the organization’s efforts so you’ve chosen to adopt a transnational model. How will you succeed in coordinating worldwide units?

Cleansea Ltd. needed to raise $150 million of additional capital to finance the design, development, and construction of its water desalination facility. Volta decided to issue bonds that pay interest of $2,250,000 on each of March 31 and September 30 and that will reach maturity on September 30, 2033. The bonds were issued at 94.4 on October 1, 2020, for $141.6 million, which represented a yield of 3.54%.

a. Has the company raised enough funds to start the development and construction of the water desalination facility? Explain why or why not.

b. Show the journal entry to record the issuance of the bonds.

c. Show the journal entries to record the first two interest payments. Ignore year-end accruals of -interest.

d. Assuming the company has a year end of December 31, what amount will be reported on the statement of financial position at December 31, 2020, related to these bonds?

Presented below are two independent situations.

1. On January 1, 2020, Sandhill Company issued $120,000 of 7%, 10-year bonds at par. Interest is payable quarterly on April 1, July 1, October 1, and January 1.

2. On June 1, 2020, Teal Company issued $72,000 of 10%, 10-year bonds dated January 1 at par plus accrued interest. Interest is payable semiannually on July 1 and January 1.

For each of these two independent situations, prepare journal entries to record the following. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The issuance of the bonds. (b) The payment of interest on July 1. (c) The accrual of interest on December 31.

On November 1, 2017, Concord Company adopted a stock-option plan that granted options to key executives to purchase 39,000 shares of the company’s $9 par value common stock. The options were granted on January 2, 2018, and were exercisable 2 years after the date of grant if the grantee was still an employee of the company. The options expired 6 years from date of grant. The option price was set at $30, and the fair value option-pricing model determines the total compensation expense to be $585,000. All of the options were exercised during the year 2020: 26,000 on January 3 when the market price was $69, and 13,000 on May 1 when the market price was $80 a share.

Prepare journal entries relating to the stock option plan for the years 2018, 2019, and 2020. Assume that the employee performs services equally in 2018 and 2019

Depreciation and Rate of Return

Burrell Company purchased a machine for $51,000 on January 2, 2016. The machine has an estimated service life of 5 years and a zero estimated residual value. The asset earns income before depreciation and income taxes of $25,500 each year. The tax rate is 25%.

Required:

Compute the rate of return earned (on the average net asset value) by the company each year of the asset's life under the straight-line and the double-declining-balance depreciation methods. Assume that the machine is the company's only asset.

Straight-line method. Do not round intermediate calculations. Round final answers to two decimal places.

Double-declining-balance depreciation method. Do not round intermediate calculations. Round final answers to two decimal places.

please it's urgent, provide correct answer only!! thanku

ABC Company forms in 2020. Prior to operations, ABC incurred $75,000 of startup costs. ABC began operations in February 2020.

ABC Company is in the construction business and has to make significant capital expenditures to begin operations. ABC purchased the following capital assets during the year:

Construction Equipment - $1,500,000

Furniture for its offices - $50,000

Computer Equipment - $250,000

ABC rents its office space from an unrelated third party. The rent is $20,000 per month.

If ABC elects to expense assets using § 179 and does not elect the additional first-year depreciation deduction, calculate its total § 179 deduction for the year and carryforward, if any. Compute amortization expense as well.

If ABC elects to take advantage of the additional first-year depreciation (bonus depreciation) calculate its total deduction, and carryforward if any, for depreciation and amortization purposes.