In the mid-1990s, Colgate-Palmolive developed a new toothpaste for the U.S. market, Colgate Total, with an antibacterial ingredient that was already being successfully sold overseas. At that time, the word antibacterial was not allowed for such products by the Food and Drug Administration (FDA). In response, the name “Total” was given to the product in the United States. The one word would convey that the toothpaste is the “total” package of various benefits. Young & Rubicam developed several commercials illustrating Total’s benefits and tested the commercials with focus groups. One commercial touting Total’s long-lasting benefits was particularly successful. The product was launched in the United States in January of 1998 using commercials that were designed from the more successful ideas of the focus group tests. Suppose 32% of all people in the United States saw the Total commercials. Of those who saw the commercials, 40% purchased Total at least once in the first 10 months of its introduction. According to U.S. Census Bureau data, approximately 20% of all Americans were in the 45-64 age category. Suppose 24% of the consumers who purchased Total for the first time during the initial 10-month period were in the 45-64 age category. Within three months of the Total launch, Colgate-Palmolive grabbed the number one market share for toothpaste. Ten months later, 21% of all U.S. households had purchased Total for the first time. The commercials and the new product were considered a success. During the first 10 months of its introduction, 43% of those who initially tried Total purchased it again.   

1. What percentage of U.S. households purchased Total at least twice in the first 10 months of its release?

2. Can you conclude the initial purchase of Total was independent of age? Use a quantitative argument to justify your answer.

3. Calculate the probability that a randomly selected U.S. consumer is either in the 45-64 age category or purchased Total during the initial 10-month period.

4. What is the probability that a randomly selected person purchased Total in the first 10 months given that the person is in the 45-64 age category?

e. What percentage of people who did not see the commercials purchased Total at least once in the first 10 months of its introduction?

Sheridan Inc. earns $470000 and pays cash dividends of $100000 during 2020. Carla Vista Corporation owns 62700 of the 209000 outstanding shares of Sheridan Inc. How much revenue from investment should Carla Vista report in 2020?

Sunland Inc. earns $550000 and pays cash dividends of $145000 during 2020. Wildhorse Corporation owns 73850 of the 211000 outstanding shares of Sunland. What amount should Wildhorse show in the investment account at December 31, 2020 if the beginning of the year balance in the account was $40000?

On January 2, Matthews Corporation acquired 20% of the outstanding common stock of Dennehy Company for $450,000. For the year ended December 31, Dennehy reported net income of $90,000 and paid cash dividends of $30,000 on its common stock. On December 31, the carrying value of Matthews’ investment in Dennehy under the equity method is

At December 31, 2020, the trading securities for Eddy Company are as follows:

Security       Cost       Fair Value
A       $16,000       $20,000
B       34,000       32,000
$50,000       $52,000

Prepare the adjusting entry at December 31, 2020, to report the securities at fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

CoronadoCorp. has common stock of $4600000, retained earnings of $1600000, unrealized gains on trading securities of $120000 and unrealized losses on available-for-sale securities of $180000. What is the total amount of its stockholders’ equity?

On January 1, 2020, Sheffield Corp. paid $940000 for 117500 shares of Ivanhoe Company’s common stock, which represents 26% of Ivanhoe's outstanding common stock. Ivanhoe reported net income of $224000 and paid cash dividends of $63000 during 2020. Sheffield should report the investment in Ivanhoe Company on its December 31, 2020, balance sheet at:

Which of the following is the correct matching concerning the appropriate accounting for long-term stock investments?

% of Investor Ownership      Accounting Guidelines

Coronado Corporation purchased 960 shares of Wildhorse common stock ($50 par) at $82 per share as a short-term investment. The shares were subsequently sold at $78 per share. The cost of the securities purchased and gain or loss on the sale were

Cost        Gain or Loss

In the same file, complete the following exercises in the author’s pseudocode as presented in the
text book and material on Blackboard in this chapter, and following all requirements for good
program design that were shown in Chapter 2 and all examples since then.

At the Summer Olympic Games every four years, for historical reasons, athletes represent
National Olympic Committees (NOCs) rather than strictly countries. For the sake of convenience
in our program, let us refer to them simply as “nations”. As of the 2016 Rio Olympics, then,
there were 206 nations eligible to participate in the Olympics. Write a program that could be
used to represent the medal table for the next Olympics that will be held in Tokyo in 2020. Since
we do not know how many nations will actually participate, our program will have to plan on
there being a maximum of 225 nations (in case some more NOCs are recognized before the 2020
Olympics), but must adapt to fewer nations actually being present. So, write a program that

1. Allows a user to enter
a. The names of the nations that are participating
b. The number of gold medals that nation has won
c. The number of silver medals it has won
d. The number of bronze medals it has won
e. “ZZZ” as the nation’s name to indicate that they have finished entering input

2. Outputs a list of sentences that describe each nation’s performance, e.g., for the 2016
Olympics, to describe the performance of the United States, this program would have
output “United States won 46 gold, 37 silver, and 38 bronze
medals, for a total of 121 medals” . Below this list, the program must
output the total number of gold medals awarded, silver medals awarded and bronze
medals awarded, and total of all medals awarded.

3. Scans for and outputs
a. The names of the nations with the most and least gold medals, along with their
gold medal counts, e.g., “United States won the most gold
medals: 46”
b. Similarly, the names of the nations with the most and least silver and bronze
medals respectively

4. Allows the user to enter the name of a nation that they want to search for, and if it finds
that nation, outputs a sentence in the format shown in #2 above.

All of the above must be done by applying the concepts and algorithms shown in Chapter 6, both
in the text book and in the material provided on Blackboard, and building on what we have
learned in all the chapters before this one.

The only data that this program stores is the names of the nations, and the matching counts of
gold, silver and bronze medals. All calculations and scanning for highest and lowest, etc., must
be done by the program after the user has entered the sentinel to indicate the end of their input.
All output sentences described above must be generated when they are required.

Book this is from is "Programming Logic and Design 8th Edition" by: Joyce Farrell. Must be written in pseudocode that resembles that in the book.

this is what I have so far. It probably isn't right, but it will at least give you some structure to follow. Any help is appreciated.

Start
   Declarations
       string EXIT = ZZZ
       NATION_CAPACITY = 225
       string NATION_NAME[NATION_CAPACITY]
       num goldMedals
       num silverMedals
       num bronzeMedals
       num totalMedals
       num count
       num nextNation
       num mostGold
       num leastGold
       num mostSilver
       num leastSilver
       num mostBronze
       num leastBronze

   output "Welcome to our Medal Tracker Program."
   output "This program will allow the user to enter the name of nations participating in the olympics, allow
       the user to enter the number of gold, silver, and bronze medals that nation has won."

   output "Please enter the name of the first nation (type ", ZZZ, " to stop): "
   input nextNation

   count = 0
  
   while nextNation <> ZZZ AND count < NATION_CAPACITY
       NATION_NAME[NATION_CAPACITY] = nextNation

       output "Please enter the amount of gold medals this nation has won: "
       input goldMedals[count]

       output "Please enter the amount of silver medals this nation has won: "
       input silverMedals[count]

       output "Please enter the amount of bronze medals this nation has won: "
       input bronzeMedals[count]

       count = count + 1

       output "Please enter the next nation or ", ZZZ, " to stop: "
       input nextCustomerID
   endwhile

   output "You entered data for ", count, " nations."

   totalMedals = goldMedals + silverMedals + bronzeMedals

   output "The nation ", nextNation, " won ", goldMedals, " gold medals, ", silverMedals, " silver medals, and ", bronzeMedals, "
       bronze medals, for a total of ", totalMedals, " medals.

   mostGold =

Ewig Berhad acquired 800, 000 out of the 1, 000, 000 RM1 ordinary shares of Leben Berhad on 1 January 2020 for RM900, 000 cash. The general reserves and retained earnings of Leben Berhad at the date of acquisition were RM400, 000 and RM250, 000 respectively.

Required:

(a) What is the percentage of acquisition by Ewig Berhad?

(b) What is the corporate relationship in this situation?

(c) Based on MFRS 10, briefly explain whether Ewig Berhad exercises control over Leben Berhad.

(d) Assuming the proportional net asset method is used, what is the fair value of the NCI?

(e) What is the goodwill or bargain purchase?

Question 6 Part a:

Which of the following are examples of genetic drift?

A) founder effect

B) natural selection

C) bottleneck effect

D) migration

Group of answer choices

A. Both A) and B) are examples of genetic drift

B. both B) and D) are examples of genetic drift

C. Both A) and C) are examples of genetic drift

D. all of these are examples of genetic drift

________________________________________________________________________________

Question 6 Part b:

Which of the following causes changes to populations that are beneficial?

A) founder effect

B) natural selection

C) sexual selection

D) migration

Group of answer choices

A. Both A) and C) are examples of genetic drift

B. both C) and D) are examples of genetic drift

C. Both A) and B) are examples of genetic drift

D. B) and C) causes changes that are beneficial

E. all of these are things that cause beneficial traits

Table 1: Population Data for the World

Table 2: Population Data for China

Table 3: Population Data for China

Table 4: Population Data for United States

Table 5: Population Data for Dominican Republic

Write a 2-pagesummary(Times New Roman, 12 point font, doublespace) of what the data in Tables 1-5is telling YOU.

We have two data for China, the fertility rate ( number of children per woman) are note the same. one is 1.70 and the second 2.44.

I need assistance determining the steps required to answer the Chapter 4 Data Case questions 2, 3, and 4 in the Fundamentals of Corporate Finance 4th edition by Berk, DeMarzo and Harford. I have provided the answer to question 1. An analysis isn't required. Only the steps to obtain the answers. Can anyone help?

Data Case: Assume that today is August 5, 2015, Natasha Kingery is 30 years old and has a Bachelor of Science degree in computer science. She is currently employed as a Tier 2 field service representative for a telephony corporation located in Seattle, Washington, and earns $38,000 a year that she anticipates will grow at 3% per year. Natasha hopes to retire at age 65 and has just begun to think about the future.

Natasha has $75,000 that she recently inherited from her aunt. She invested this money in 10-year Treasury bonds. She is considering whether she should further her education and would use her inheritance to pay for it. She has investigated a couple of options and is asking for your help as a financial planning intern to determine the financial consequences associated with each option. Natasha has already been accepted to two programs and could start either one soon.

One alternative that Natasha is considering is attaining a certification in network design. This certification would automatically promote her to a Tier 3 field service representative in her company. The base salary for a Tier 3 representative is $10,000 more than the salary of a Tier 2 representative, and she anticipates that this salary differential will grow at a rate of 3% a year for as long as she remains employed. The certification program requires the completion of 20 Web-based courses and a score of 80% or better on the final exam. She has learned that the average amount of time necessary to finish the program is one year. The total cost of the program is $5,000, due when she enrolls in the program. Because she will do all the work for the certification on her own time, Natasha does not expect to lose any income during the certification process.

Another option is going back to school for an MBA degree. With an MBA degree, Natasha expects to be promoted to a managerial position in her current firm. The managerial position pays $20,000 a year more than her current position. She expects that this salary differential will also grow at a rate of 3% per year for as long as she keeps working. The evening program, which will take three years to complete, costs $25,000 per year, due at the beginning of each of her three years in school. Because she will attend classes in the evening. Natasha doesn't expect to lose any income while she is earning her MBA if she chooses to undertake it.

1. Determine the interest rate Natasha is currently earning on her inheritance by going to Yahoo! Finance (http://finance.yahoo.com) and clicking the 10 Yr. Bond link in the Market Summary section or enter ^TNX in the symbol lookup field. Then go to the Historical Prices link and enter the appropriate date, August 5, 2015, to obtain the closing yield or interest rate she is earning. Use this interest rate as the discount rate for the remainder of this problem. Interest rate is 2.268%

2. Create a timeline in Excel for Natasha's current situation, as well as the certification program and MBA degree options, using the following assumptions:

a. Salaries for the year are paid only once, at the end of the year.

b. The salary increase becomes effective immediately upon graduating from the MBA program or being certified. That is, because the increases become effective immediately but salaries are paid at the end of the year, the first salary increase will be paid exactly one year after graduation or certification.

3. Calculate the present value of the salary differential for completing the certification program. Subtract the cost of the program to get the value of undertaking the certification program.

4. Calculate the present value of the salary differential for completing the MBA degree. Calculate the present value of the cost of the MBA program. Based on your calculations, determine the value of undertaking the MBA.

5. Based on your answers to Questions 3 and 4, what advice would you give to Natasha? What if the two programs are mutually exclusive? If Natasha undertakes one of the programs, there is no further benefit to undertaking the other program. Would your advice change?

In early 2001, Ride Along Corporation (Ride Along or the “Company”), a domestic company that does not meet the definition of a public business entity, began manufacturing and selling bicycles to retail stores nationally. Ride Along’s fiscal year ends on December 31, and it has been experiencing growth over the past decade. Ride Along is required to prepare and issue annual consolidated financial statements to its shareholders and the local bank. These financial statements are to be prepared in accordance with U.S. GAAP. Ride Along is 75 percent owned by a private equity firm and 25 percent owned by its founder. The founder and private equity firm plan to either take Ride Along public in an initial public offering (IPO) or sell it to an existing public company in five years. Ride Along tests goodwill for impairment annually on November 30 and has determined that each of its goodwill reporting units is a legal entity. On February 1, 2012, Ride Along acquired 100 percent ownership of a bicycle tire manufacturer, Mini Tires Company (Mini). The purposes of the acquisition were to reduce the cost associated with buying bicycle tires from third-party suppliers and for Ride Along to expand its operations by selling tires directly to retail stores. Mini met the definition of a business1 but did not meet the definition of a public business entity (PBE). The founder of Mini will work as an employee of Ride Along and has signed a two-year noncompete agreement. Ride Along paid cash of $20 million (purchase price), which resulted in goodwill of $6 million and an intangible asset (a customer list) of $2 million. During 2013, Ride Along continued to gain market share in the bicycle industry and determined it wanted to own retail stores. On June 1, 2013, Ride Along acquired 100 percent ownership of 10 independently owned retail stores and recorded $10 million of goodwill as part of the acquisitions. In January 2014, the FASB issued ASU 2014-02, Intangibles — Goodwill and Other (Topic 350): Accounting for Goodwill — a consensus of the Private Company Council. During 2014, the founder of Mini resigned from Ride Along and started a new business after his noncompete agreement expired. With his departure, 45 percent of the customers on Mini’s original customer list, which was classified as an intangible asset on Ride Along’s statement of financial condition, provided notice that they would no longer do business with Ride Along. This migration resulted in an impairment of the customer list intangible. These customers represent 35 percent of total future revenue for the Tire reporting unit and the loss of these customers reduced the fair value of Mini by 35 percent. No other management changes are expected. Even with the loss of Mini’s customers, Ride Along performed well because of the strength of the retail stores and strong bicycle sales leading to results that exceeded expectations. Therefore, Ride Along increased its revenue and operating income in its five-year forecast; cash flows continue to be positive.

Furthermore, general economic conditions are stable for all reporting units, including debt and equity markets. Ride Along is a private company that does not actively trade its shares; however, because of stable economic conditions and the Company’s increasing revenue and operating income, had Ride Along traded its shares, the value of these shares would have steadily increased. Labor costs and material for each reporting unit have increased in line with inflation and are expected to do so for the foreseeable future. As of December 31, 2014, before considering the departure of Mini’s founder, the fair value of Ride Along was $210 million (fair value by reporting unit is as follows: Bicycle, Tire, and Retail stores were 55 percent, 10 percent, and 35 percent, respectively) and the carrying value, including goodwill, was $145 million (carrying value by reporting unit is as follows: Bicycle, Tire, and Retail stores were $65 million, $20 million, and $60 million, respectively). Required 1. ASU 2014-02 is effective for annual periods beginning after December 15, 2014, and interim periods within annual periods beginning after December 15, 2015. What should Ride Along consider before deciding whether to adopt the private-company alternative in ASU 2014-02? 2. Assuming Ride Along adopts the goodwill alternative in ASU 2014-02, may Ride Along subsequently change its accounting for goodwill and revert to PBE GAAP? If so, how would Ride Along account for this change and what disclosures must it include in the consolidated financial statements? For the questions below, assume Ride Along early adopted ASU 2014-02 in 2014. 3. For the year ended December 31, 2014, describe (in detail) the analysis that Ride Along would perform to support whether its goodwill is recoverable or impaired as well as the accounting conclusion reached assuming it elected to test goodwill at the entity level. If the Company concludes that its goodwill is impaired, what would it record as the amount of the goodwill impairment? In addition, provide a separate analysis and related accounting conclusion (including the amount of the goodwill impairment charge if goodwill is impaired) assuming Ride Along elected to test goodwill at the reporting unit level. 4. Assume Ride Along (or one of its reporting units) has zero or negative equity. How would Ride Along perform its goodwill impairment assessment?

Case 18-5 Ride Along

In early 2001, Ride Along Corporation (Ride Along or the “Company”), a domestic company that does not meet the definition of a public business entity, began manufacturing and selling bicycles to retail stores nationally. Ride Along’s fiscal year ends on December 31, and it has been experiencing growth over the past decade. Ride Along is required to prepare and issue annual consolidated financial statements to its shareholders and the local bank. These financial statements are to be prepared in accordance with U.S. GAAP. Ride Along is 75 percent owned by a private equity firm and 25 percent owned by its founder. The founder and private equity firm plan to either take Ride Along public in an initial public offering (IPO) or sell it to an existing public company in five years. Ride Along tests goodwill for impairment annually on November 30 and has determined that each of its goodwill reporting units is a legal entity.

On February 1, 2012, Ride Along acquired 100 percent ownership of a bicycle tire manufacturer, Mini Tires Company (Mini). The purposes of the acquisition were to reduce the cost associated with buying bicycle tires from third-party suppliers and for Ride Along to expand its operations by selling tires directly to retail stores. Mini met the definition of a business1 but did not meet the definition of a public business entity (PBE). The founder of Mini will work as an employee of Ride Along and has signed a two-year noncompete agreement. Ride Along paid cash of $20 million (purchase price), which resulted in goodwill of $6 million and an intangible asset (a customer list) of $2 million.

During 2013, Ride Along continued to gain market share in the bicycle industry and determined it wanted to own retail stores. On June 1, 2013, Ride Along acquired 100 percent ownership of 10 independently owned retail stores and recorded $10 million of goodwill as part of the acquisitions.

In January 2014, the FASB issued ASU 2014-02, Intangibles — Goodwill and Other (Topic 350): Accounting for Goodwill — a consensus of the Private Company Council.

During 2014, the founder of Mini resigned from Ride Along and started a new business after his noncompete agreement expired. With his departure, 45 percent of the customers on Mini’s original customer list, which was classified as an intangible asset on Ride Along’s statement of financial condition, provided notice that they would no longer do business with Ride Along. This migration resulted in an impairment of the customer list intangible. These customers represent 35 percent of total future revenue for the Tire reporting unit and the loss of these customers reduced the fair value of Mini by 35 percent. No other management changes are expected. Even with the loss of Mini’s customers, Ride Along performed well because of the strength of the retail stores and strong bicycle sales leading to results that exceeded expectations. Therefore, Ride Along increased its revenue and operating income in its five-year forecast; cash flows continue to be positive.

Furthermore, general economic conditions are stable for all reporting units, including debt and equity markets. Ride Along is a private company that does not actively trade its shares; however, because of stable economic conditions and the Company’s increasing revenue and operating income, had Ride Along traded its shares, the value of these shares would have steadily increased. Labor costs and material for each reporting unit have increased in line with inflation and are expected to do so for the foreseeable future.

As of December 31, 2014, before considering the departure of Mini’s founder, the fair value of Ride Along was $210 million (fair value by reporting unit is as follows: Bicycle, Tire, and Retail stores were 55 percent, 10 percent, and 35 percent, respectively) and the carrying value, including goodwill, was $145 million (carrying value by reporting unit is as follows: Bicycle, Tire, and Retail stores were $65 million, $20 million, and $60 million, respectively).

Required

1. ASU 2014-02 is effective for annual periods beginning after December 15, 2014, and interim periods within annual periods beginning after December 15, 2015. What should Ride Along consider before deciding whether to adopt the private-company alternative in ASU 2014-02?

2. Assuming Ride Along adopts the goodwill alternative in ASU 2014-02, may Ride Along subsequently change its accounting for goodwill and revert to PBE GAAP? If so, how would Ride Along account for this change and what disclosures must it include in the consolidated financial statements?

For the questions below, assume Ride Along early adopted ASU 2014-02 in 2014.

3. For the year ended December 31, 2014, describe (in detail) the analysis that Ride Along would perform to support whether its goodwill is recoverable or impaired as well as the accounting conclusion reached assuming it elected to test goodwill at the entity level. If the Company concludes that its goodwill is impaired, what would it record as the amount of the goodwill impairment? In addition, provide a separate analysis and related accounting conclusion (including the amount of the goodwill impairment charge if goodwill is impaired) assuming Ride Along elected to test goodwill at the reporting unit level.

4. Assume Ride Along (or one of its reporting units) has zero or negative equity. How would Ride Along perform its goodwill impairment assessment?

The United Kingdom 10-year Government Bond (UKGB10YR hereafter) was issued in 3/30/2020. Assume that the coupon rate is 5 percent per year. For a bond’s principal equal to £10,000 the simulated market price is £14,548. Assume continuous compounding.
(a) Using Microsoft Excel, compute the yield for the UKGB10YR.
(b) Compute UKGB10YR’s duration using the yield computed in the previous question.
(c) Suppose that the yield increases by 0.0004 over a week. Compute the new price of UKGB10YR and the actual change in bond prices. Using a duration based formula, predict the change in UKGB10YR’s price. How does this compared with the actual change?