Questions
Dear Auditor: Hi-Tech Fashion Inc. (“Fashion”) is a retailer of women’s clothes and clothing accessories. Fashion’s...

Dear Auditor: Hi-Tech Fashion Inc. (“Fashion”) is a retailer of women’s clothes and clothing accessories. Fashion’s operations are based in Seattle, WA, with retail stores located in the nearby suburbs and throughout northwestern United States. Fashion is actively developing opportunities to expand its operations in the surrounding region, including construction of several new retail stores in California. Fashion intends to complete construction and open new stores over the next four years. Fashion anticipates incurring significant expenses and making short-term cash outlays during the construction phase of the expansion. As a result of this growing need to obtain new, readily available capital, Fashion entered into a three-year revolving line of credit (the “Facility”) with its bank on January 1, 2010. The line of credit has a maximum borrowing capacity of $100 million. Since Fashion has not previously used a revolving line of credit, it does not have knowledge of the relevant accounting literature and guidance on how to present the related cash flows in its financial statements. Accordingly, as Fashion’s external auditor, management has asked for your assistance in determining the appropriate presentation of the borrowing and payment activity within its statement of cash flows for the year ended December 31, 2010.

1) Should Fashion present the borrowing and payment activity related to its revolving line of credit as cash flows from operating, investing, or financing activities?

2) For each of the following scenarios, on the basis of the specific facts and circumstances, determine whether Fashion should present its borrowing and payment activity under the Facility on a net or gross basis within the financing activities section of its statement of cash flows.

Scenario A:

• The line of credit has a maximum borrowing capacity of $100 million, and under the terms of the agreement, all draws are considered to be due on demand.

• On July 15, 2010, Fashion drew $60 million on the Facility.

• On August 30, 2010, Fashion drew an additional $40 million on the Facility.

• On September 30, 2010, Fashion paid down the draws by $50 million. • Assume the turnover of transactions is considered to be quick.

Scenario B:

• The line of credit has a maximum borrowing capacity of $100 million, and under the terms of the agreement, specific maturity terms will be negotiated by Fashion and the bank after each draw on the Facility.

• On June 15, 2010, Fashion drew $60 million, and signed a note to repay the full amount borrowed by December 15, 2010.

• On September 30, 2010, Fashion drew an additional $40 million, and signed a note to repay the full amount borrowed by December 1, 2010.

• On December 1, 2010, Fashion paid $40 million to the bank related to the second draw.

• On December 15, 2010, Fashion paid $60 million to the bank related to the first draw.

• Assume the turnover of the transactions is considered to be quick

In: Accounting

You have just been appointed as an innovation manager in an ambitious medium-sized company designing and...

You have just been appointed as an innovation manager in an ambitious medium-sized company designing and producing power tools (such as drills and saws). The company wants to promote breakthrough innovation. One of your first tasks is to think about innovation performance metrics to use. What advice will you give to the CEO regarding the metrics?

In: Operations Management

4. Apply sports team cohesion research findings to improving your new department at work. As the...

4. Apply sports team cohesion research findings to improving your new department at work. As the newly assigned supervisor to a new department, what conditions would you set up to improve both task and social cohesion and performance in your department? Review the chapter findings and other research.

Apply: The student will use information in new situations while demonstrating their skills in written communication, critical thinking, and information literacy.

3. Help the Team! Empower Team cohesion and collective self-efficacy?

: Create: Students will produce new works or ideas by formulating practical solutions to social problems while demonstrating their skills in written communication, critical thinking, and information literacy.

Imagine you are the sports psychologist assigned to an underachieving basketball team. The coach needs your assistance. Describe the interventions you would use to improve both team cohesion and collective self-efficacy. Research and provide your rationale.

3. Compare and contrast these concepts: Team Cohesion and Collective Efficacy

4. Compare and contrast these concepts: Team process goals and performance goals

In: Psychology

____ occurs when a homogenous and highly cohesive group is focuses on maintaining unanimity, thus failing...

____ occurs when a homogenous and highly cohesive group is focuses on maintaining unanimity, thus failing to evaluate alternatives fairly and suppressing contrary opinions both from within the group and from outside the group.

Select one:

a. Confirmation Bias

b. Group Polarization

c. Social Loafing

d. Groupthink

____ is the tendency of a group to make more extreme decisions than they would make if the individual group members were acting individually.

Select one:

a. Collective Group Norms

b. Group Polarization

c. Groupthink

d. Intergroup Processes

_____ is contributing less effort while in a group than one would if working individually.

Select one:

a. Social Loafing

b. Production Blocking

c. Collective Group Norms

d. Intergroup Processes

The____ is the belief that deindividuating settings do not lead to anonymity or a loss of personal identity, rather, they help foster a more social or collective identity.

Select one:

a. Social Identity Model of Disinhibition Effects

b. Theory of Reasoned Action

c. Theory of Planned Behavior

d. Three-component Model

In: Psychology

1. How viable is laser drilling for different rock types? Are there particular rock properties that...

1. How viable is laser drilling for different rock types? Are there particular rock properties that are more suited to laser drilling? Are there any rocks that can't be drilled using this technology?
2. How is the laser delivered/produced down hole? How is it monitored/controlled from the surface?

In: Civil Engineering

A mixture of 0.734 atm ClF3 , 0.436 atm F2 , and 0.482 atm ClF is...

A mixture of 0.734 atm ClF3 , 0.436 atm F2 , and 0.482 atm ClF is heated in a closed vessel to 700 K . ClF3(g)↽−−⇀ClF(g)+F2(g)?p=0.140 at 700 K Calculate the equilibrium pressure of each gas at 700 K. Are you able to break this question down as much as possible please? Thank you so much because I am really struggling.

In: Chemistry

Comment on the big-picture cause or justification of poverty in the U.S. and how the current...

Comment on the big-picture cause or justification of poverty in the U.S. and how the current economic system affects it.

Are you taking an "individual responsibility" or "collective responsibility" approach?

In: Economics

Collective Bargaining, What it's Good For? gives a good explanation of why unions are important to...

Collective Bargaining, What it's Good For? gives a good explanation of why unions are important to all humans. can you explain in 200 word counts?

In: Economics

one characteristic of a successful innovation is "Saved money for users of the innovation". That is...

one characteristic of a successful innovation is "Saved money for users of the innovation". That is not always true. What is always true? Illustrate with an original example.

In: Operations Management

What is the relationship between innovation and innovation killers? What role do clear decision roles have...

What is the relationship between innovation and innovation killers? What role do clear decision roles have with opportunities to generate innovations?

In: Operations Management