Jetta production cost in 2002 and 2003 was 14,000 Euro per Jetta. Jetta sold in US at $15,000 in 2002 and 2003. Forward hedge exchange rate was 1 $/Euro in 2003. Rate without hedge (i.e. market exchange rate) was 1.25$/Euro in 2003. If 10,000 Jetta were sold in US, in 2003, by 70% forward hedge and 30% not hedged. What would be profits or loss from sales of 10,000 Jetta in US? (the answer is 1.0 million Euro, please show work on how to get this answer )

McDonald's Corp. Using the Annual Report of your selected company answer the following questions in the Discussion:

What is the breakdown of the company's current liabilities at year end?

Calculate the company's times-interest-earned ratio for the year end. What does this tell you about the company?

How much was the company's long-term debt at year end?

Compute the company's debt to equity ratio at year end. How does it compare to the industry?

What does this tell you about the company?

https://finance.yahoo.com/quote/MCD/financials?p=MCD

McDonald's Corp.

Using the Annual Report of your selected company answer the following questions in the Discussion:

What is the breakdown of the company's current liabilities at year end?

Calculate the company's times-interest-earned ratio for the year end. What does this tell you about the company?

How much was the company's long-term debt at year end?

Compute the company's debt to equity ratio at year end. How does it compare to the industry? What does this tell you about the company?

https://finance.yahoo.com/quote/MCD/financials?p=MCD

Identify the skills of the leader that are key in leading a team to move a company toward a social entrepreneurial model.

1. Investigate Hot Bread Kitchen
   1. Find Hot Bread Kitchen on the Internet (http://hotbreadkitchen.org/)
   2. What is their mission and vision?
   3. Who leads Hot Bread Kitchen and what was the motivation to start the company?
   4. What impact does Hot Bread Kitchen hope to have on stakeholders?
   5. Analyze their leadership style and qualities of Jessamyn W. Rodriguez, Founder and Chief Executive Officer
   6. What other leaders in the company hold the vision and support the social entrepreneurial model?

2. Discuss:

1. Where would you start in developing a team to move your company into a social entrepreneurial focus?
2. Who would you want on your team?
3. How would get engagement from others in the company in seeing and embracing the vision?
4. What particular leadership skills would enhance success of the move
5. What challenges do you anticipate
6. What methods would you use to address the challenges

Exercise 8-8A Effect of double-declining-balance depreciation on financial statements LO 8-3

Golden Manufacturing Company started operations by acquiring $127,400 cash from the issue of common stock. On January 1, Year 1, the company purchased equipment that cost $127,400 cash, had an expected useful life of six years, and had an estimated salvage value of $25,480. Golden Manufacturing earned $93,720 and $67,170 of cash revenue during Year 1 and Year 2, respectively. Golden Manufacturing uses double-declining-balance depreciation.

Required:
Prepare income statements, balance sheets, and statements of cash flows for Year 1 and Year 2. Use a vertical statements format. (Hint: Record the events in T-accounts prior to preparing the statements.) (Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Amounts to be deducted and net loss should be indicated with a minus sign.

Golden Manufacturing Company started operations by acquiring $79,800 cash from the issue of common stock. On January 1, Year 1, the company purchased equipment that cost $79,800 cash, had an expected useful life of six years, and had an estimated salvage value of $15,960. Golden Manufacturing earned $97,270 and $63,200 of cash revenue during Year 1 and Year 2, respectively. Golden Manufacturing uses double-declining-balance depreciation.

Required:
Prepare income statements, balance sheets, and statements of cash flows for Year 1 and Year 2. Use a vertical statements format. (Hint: Record the events in T-accounts prior to preparing the statements.) (Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Amounts to be deducted and net loss should be indicated with a minus sign.

Following are dated August 31, 2018

1.When the corporation was formed on September 1, 2017, common shares were sold to the sole shareholder, Uncle Bob, for $10,000 cash.

2.Uncle Bob added up all of the invoices the company issued to its customers and the total came to $229,400. All of these were issued on credit.

3.The company received $190,000 cash from customers when they paid their invoices.

4.The company rents a small repair shop for $3,500 per month. The shop was rented for the full year and all rent was paid in cash. In addition, the landlord required the company to pay one month's rent in advance.

5.Salaries to employees totalled $120,000 for the year and were paid in cash.

6.Uncle Bob determined from a review of numerous invoices that the office expenses for the year were $36,400. Of these, all were paid except $4,000 that was still owing.

7.In late August, a new customer approached the company and signed a contract for service to be done to its computers starting in October 2018. The customer paid the company $2,000 in advance to secure the service.

8.Uncle Bob estimated that, given the net income earned by the company this year, income tax  

   expense should be $6,200 but this would not have to be paid for another two months.

9.The company declared and paid $1,000 of dividends to shareholders at the end of the year.

Question:

a)  Prepare an equation analysis of the effects of the above transactions on the expanded accounting equation.

b) Prepare an income statement, statement of changes in equity, and statement of financial position for the year.

Closing Entries

After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances were taken from the ledger of Twin Trees Landscaping Co.:

Journalize the two entries required to close the accounts.

If an amount box does not require an entry, leave it blank.

Closing Entries

After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances were taken from the ledger of Twin Trees Landscaping Co.:

Journalize the two entries required to close the accounts.

If an amount box does not require an entry, leave it blank.

Working Capital and Current Ratio

Current assets and current liabilities for Konex Properties Company follow:

a. Determine the working capital and current ratio for 20Y9 and 20Y8. If required, round "current ratio" answers to two decimal places.

b. Is the change in the current ratio from 20Y8 to 20Y9 favorable or unfavorable?

Working Capital and Current Ratio

Current assets and current liabilities for Sandstone Company follow:

a. Determine the working capital and current ratio for 20Y9 and 20Y8. If required, round "current ratio" answers to two decimal places.

b. Is the change in the current ratio from 20Y8 to 20Y9 favorable or unfavorable?

1) The Quick and Current Ratio are used to estimate

A. long term financial risk.

B. long term operational risk.

C. short term financial risk.

D. short term operational risk.

2)   When analyzing the Debt Ratio the most logical other financial ratio to analyze is the

A. Current Ratio.

B. Times Interest Earned.

C. ROE.

D. ROA.

3) The difference between the ROE and ROA tells us

A. nothing.

B. how much equity is invested in the firm.

C. how much return is generated by the firm.

D. how much return is generated by financial leverage as opposed to operational leverage.

4)   At the end of the growth phase the following financial ratio becomes more important to analyze

A. Current Ratio.

B. Days Sales Outstanding.

C. Debt Ratio.

D. ROA.