During recent decades, the rate of increase in the output per hour in the United States has been lower than in the early 1960s. This development has caused enormous concerns in Washington and elsewhere. In recent years, some observers have asserted that the productivity slowdown has been due in part to a decline in the rate of innovation in the United States. Have you seen this trend in your industry? If so, identify the cause and effects. If not, what innovations have you experienced?
In: Economics
"Despite the emergence and development of evidence-based practice (EBP) in recent years, its adoption continues to be limited. This study used Rogers’s diffusion of innovation theory to identify the factors that advance EBP adoption, determine the process by which such adoption occurs, and develop an EBP adoption model" (Mehdi Mohammadi et al., 2018).
In 500 words discuss the above statement and show how EBP can be adopted into your work environment. Give relevant examples.
In: Operations Management
Organizing for Innovation:
Please answer in a paragraph for each question! Thank you!
In: Operations Management
we faced an unprecedented downfall in oil prices all around the
world
during the first 5 months of 2020. Lots of industries have been
affected and
supply chains have been altered consequently. Analyze how oil price
fall can
affect industries in Canada post Covid-19 as an environmental force
and explain
your response within the context of transportation industry
bringing three major
reasons to support your answer.
2. Since 2010 housing market in BC is on the never ending price
rise. Vancouver has
faced the highest price boom ever since then and the average rental
apartments in
the city has risen to the unprecedented $2300.00 rent. Discuss the
reasons behind
the price surges considering the balance of supply and demand in
the market and
predict how the market will respond post Covid-19. Try to focus on
the driving
forces behind the rise and the other current environmental factors
which will or
may come to effect post Covid-19.
3. 2020 has been rough to world’s economy so far. NAFTA has
turned to USMCA and
BREXIT happened at the turn of the decade. J. Bolsonaro a
conservative figure
has come to power in Brazil and Parliament in Ottawa has seen more
seats
slipped away from the Liberals towards the conservatives. All of
these actions
have the common ground for nationalism and isolation right at the
time we need
unity more than ever to fight the man made disasters such as
climate change,
pollution, and the pandemic. Nations separating from each other and
running for
their own good regardless of the overall goodwill of the
international community.
Discuss how these actions and behaviours can cause havoc in
international scale
and what will be the aftermaths of such actions.
4. July 2020 will be the month with fewer restrictions on airline
industry. Seems like
airline industry has gained their ground back from the government
and trying to
fill for the cumulated losses they faced during the pandemic. We
will see more
number of international flights, either essential or nonessential,
arriving at the
airports and potentially become a threat. What would be your stand
in this balance
of power between the federal government and the airline industries
thriving for
profit. Bring three major grounds for your reasoning considering
the following
factors: airlines are not necessarily private corporations, federal
government is
responsible for the health of the citizens and residents, federal
government is
responsible to provide fair competition ground for the corporations
to compete,
and there is no clear distinction between essential and non
essential travel yet.
In: Operations Management
Blossom Corporation provides the following information about its
defined benefit pension plan for the year 2020:
| Current service cost | $225,100 | ||
| Contribution to the plan | 262,600 | ||
| Past service cost, effective December 31, 2020 | 25,100 | ||
| Actual return on plan assets | 159,000 | ||
| Benefits paid | 101,000 | ||
| Net defined benefit liability at January 1, 2020 | 412,000 | ||
| Plan assets at January 1, 2020 | 1,590,000 | ||
| Defined benefit obligation at January 1, 2020 | 2,002,000 | ||
| Interest/discount rate on the DBO and plan assets | 10% |
Blossom follows IRFS.
In: Accounting
Corporate Formation
Steve and Betty Crespi are married and have a gifted son, David, aged 13. While Steve was an engineer, he started Crespi Creations in 2010 as the proprietor. Through Crespi Creations, Steve bought, refurnished and resold vintage furniture from flea markets for a profit.
David, fascinated with the computer since an early age, used an online legal service, and easily and on his own, incorporated Crespi Creations in 2010. One day, the corporation paperwork arrived in the mail and Steve was furious when he learned what his young son, David, did. Steve had no idea and clearly did not give David permission or authority to do that. David freely offered an impish apology. Steve, though, did not undo the corporation but instead filed corporate annual reports with his home state.
In the ensuing years, the Crespi’s bought old and vintage furniture to refinish at a profit although they incurred losses in the first two years. They used their personal credit cards and checking accounts for Crespi Creations’ business expenses and to deposit income earned. They never kept any records for Crespi Creations.
Steve and Betty prepared and filed Forms 1040 U.S. Individual Income Tax Returns, for 2010 and 2011 in addition to a Schedule C, Profit or Loss From Business that identified the principal business of Crespi Creations as “Refinsih Furniture.” The Crespi’s reported Schedule C losses of $21,513 for 2010 and $14,066 for 2011. They reported many business expenses but did not keep any logs for any of the expenses. They did retain their credit card statements however.
The IRS examined the 2010 and 2011 tax returns of the Crespi’s and issued a notice of deficiency. The IRS removed the Schedule C amounts (losses) and adjusted the tax liability, asserting that Crespi Creations was a corporation not a sole proprietorship able to use a Schedule C.
The Crespi’s quickly contacted you to understand the issues. Prepare a memo addressed to Steve and Betty Crespi to explain whether the Crespi’s were allowed to deduct the Crespi Creations expenses on their personal income tax return. You may consult the following cases.
?Moline Properties., Inc. v. Commissioner, 319 U.S. 436, 438 (1943)
Rochlani v. Commissioner, T.C. Memo. 2015-174
Your memo should be fully developed, use logical reasoning, grammar and punctuation. First, state the issue. Provide a brief statement of facts, a discussion of the factors and end with a conclusion.
Sample Memorandum Format
Memorandum
To:
From:
Re:
Date:
Issue
Statement of Facts
Discussion
Conclusion
In: Accounting
1/1/2009 Plymouth acquired 60% interest in Sander in exchange for various considerations totaling $570,000. At the acquisition date,
NCI's FV: $380,000
Sander's BV: $850,000
Sander had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $100,000. This intangible asset is being amortized over 20 years.
Plymouth sold Sander land with a book value of $60,000 on Jan. 2, 2009, for $100,000. Sander still holds this land at the end of the current year.
Sander regularly transfers inventory to Plymouth. In 2009, it shipped inventory costing $100,000 to Plymouth at a price of $150,000. During 2010, intercompany shipments totaled $200,000, although the original cost to Sander was only $140,000. In each of these years, 20% of the merchandise was not resold to outside parties until the period following the transfer.
Plymouth uses the partial equity method. Plymouth owes Sander $40,000 at the end of 2010.
A) Prepare the elimination entires needed to complete a consolidation workpaper for 2010. Use the acquisition method to account for the non-controlling interests in Sander. Include entries such as S, A, I, D, E, P, TI, G, ED, *G, TL, *GL, and any if necessary.
B) Complete the consolidation worksheet for 2010 in the following worksheet.
Pymouth and Sander
Consolidated Worksheet
Year Ending December 31, 2010
| Accounts | Plymouth | Sander |
Consolidation Entries Debit |
Consolidation Entries Credit |
Noncontrolling |
Consolidated Totals |
|---|---|---|---|---|---|---|
| Sales | (800,000) | (500,000) | (TI) | |||
| Cost of Goods Sold | 500,000 | 300,000 | (G) | (*G) | ||
| (TI) | ||||||
| Operating expenses | 100,000 | 60,000 | (E) | |||
| Income of Sander | (84,000) | -0- | (I) | |||
| Separate company net income | (284,000) | (140,000) | ||||
| Consolidated net income | ||||||
| To noncontrolling interest | ||||||
| To parent | ||||||
| RE, 1/1/10--Plymouth | (1,116,000) | (*TL) | ||||
| (*C) | ||||||
| RE, 1/1/10--Sander | (620,000) | (*G) | ||||
| (S) | ||||||
| Net income (above) | (284,000) | (140,000) | (279,800) | |||
| Dividends | 115,000 | 60,000 | (D) | 115,000 | ||
| Retained Earnings, 12/31/10 | (1,285,000) | (700,000) | (1,231,800) | |||
| Cash | 177,000 | 90,000 | ||||
| Accounts recevable | 356,000 | 410,000 | (P) | |||
| Inventory | 440,000 | 320,000 | (G) | |||
| Investment in Sander | 726,000 | (D) | (*C) | |||
| (S) | ||||||
| (I) | ||||||
| (A) | ||||||
| Land | 180,000 | 390,000 | (*TL) | |||
| Buildings and equipment (net) | 496,000 | 300,000 | ||||
| Customer List | (A) | (E) | 90,000 | |||
| Total assets | 2,375,000 | 1,510,000 | 3,157,000 | |||
| Liabilities | (480,000) | (400,000) | (P) | |||
| Common Stock | (610,000) | (320,000) | (S) | |||
| Additional payed-in capital | (90,000) | (S) | ||||
| Retained earnings, 12/31/10 | (1,285,000) | (700,000) | ||||
| NCI in Sander, 1/1/10 | (S) | |||||
| (A) | ||||||
| NCI In Sander, 12/31/10 | ||||||
| Total Liabilities and Equity | (2,375,000) | (1,510,000) | (3,157,000) | |||
In: Accounting
The following accounts, among others, appeared on ZZ Company's balance
sheet at January 1, 2020 and December 31, 2020:
January 1, 2020 December 31, 2020
Accounts receivable 48,000 63,000
Utilities payable 20,000 26,000
Notes payable 71,000 80,000
Common stock 30,000 90,000
Retained earnings 22,000 78,000
The following information was taken from ZZ Company's 2020 income
statement:
Sales revenue $500,000
Cost of goods sold 280,000
Other expenses 120,000
Net income $100,000
Calculate the net cash flow from financing activities for 2020. If
your answer is negative, place a minus sign in front of your answer
with no spaces in between (e.g., -1234).In: Accounting
Explain and illustrate the impacts that the COVID-19 pandemic and horrendous bushfires of 2019/2020 have had on the Australian economy. You will do so by comparing the three main macro-economic indicators –GDP growth, inflation and unemployment – in June 2020 to a point in time prior to the pandemic and bushfires (pre-July 2019), then you will illustrate and explain the impacts using the AD-AS model. Provide references that support your work and submit your slides and a link to your video for marking.
|
Comparison: July 2018 and June 2020 GDP growth: September 2018 (2.6%) June 2020 (-6.3%) Inflation: September 2018 (1.9%) June 2020 (-0.3%) Unemployment rate: July 2018 (5.3%) June 2020 (7.4%) |
In: Economics
Which of the following transactions would be acceptable as a provision under IAS 37?
XY decided to reorganise a manufacturing facility during June 2020 and commissioned a consulting engineer to undertake a feasibility study.
A provision of $2 million for the reorganisation was created as at 31 August 2020. In September 2020, AB contracted with a training company to provide essential training for its workforce to be carried out in October and November 2020.
A provision for the necessary expenditure was created in its accounts at 31 August 2020.
CDE was ordered by its local authority in October 2020 to carry out an environmental clean-up in 2021 following pollution from one of its factories.
GY acquired HT and provided for likely future operating losses at the date of acquisition amounting to $250,000.
In: Accounting