Bensen Company began operations when it acquired $26,700 cash from the issue of common stock on January 1, 2018. The cash acquired was immediately used to purchase equipment for $26,700 that had a $3,500 salvage value and an expected useful life of four years. The equipment was used to produce the following revenue stream (assume all revenue transactions are for cash). At the beginning of the fifth year, the equipment was sold for $2,300 cash. Bensen uses straight-line depreciation.

Required

Prepare income statements, statements of changes in stockholders’ equity, balance sheets, and statements of cash flows for each of the five years. Present the statements in the form of a vertical statements model. (Statement of Cash Flows and Balance Sheet only: Items to be deducted must be indicated with a minus sign.)

Briefly describe the core values at your current or former workplace. Discuss a recent decision made at your company and explain how the decision was aligned with the core values.

On January 2, 2020, Dove, Inc. acquired a 25% interest in the outstanding voting ordinary shares of Cabot Enterprises for a cost of P900,000. This investment provides Dove with the ability to exercise significant influence over Cabot and classified the investment as investment in associates. The acquisition cost of the investment is in excess of the book value by P140,000; the excess is attributable to goodwill which is to be amortized over 20 year. During 2020, Cabot Enterprises reported net income of P312,000 and paid total cash dividends of P220,000. At December 31, 2020, the balance account Investment in Associates in Cabot should have a carrying value of?

BlackRock is the world's largest asset management corporation. In January 2020, Larry Fink, the CEO and Chairman of BlackRock, issued an annual letter titled “A Fundamental Reshaping of Finance”1 to Chief Executives of companies in which BlackRock invests. In this letter, BlackRock announces several sustainability initiatives, recognises climate risk as investment risk, and urges companies to improve their financial disclosure to shareholders in relation to climate risks. As part of the initiatives, BlackRock begins to exit investments that present a high sustainability-related risk, such as thermal coal producers. The Institute for Energy Economics and Financial Analysis (IEEFA) commented that BlackRock’s initiatives might lead to review and likely divestment of Australian coal companies such as Whitehaven Coal and Yancoal.

Required:

Assume you are a business consultant, reporting to the board of directors of Yancoal Australia Limited, Australia's largest pure-coal producer. Yancoal is listed on the Australian Securities Exchange. You have been contracted to provide a report to Yancoal’s Board of Directors which:

1. Explains, taking an agency theory lens, why BlackRock revised its investing practices to consider climate risk as an investment risk. (Suggested words: 600)

2. Evaluates, taking an institutional theory lens, whether Yancoal will provide climate-changerelated risk disclosures. (Suggested words: 600)

3. Refers to Yancoal’s 2018 annual and sustainability reports for the year ended 31 December 2018,2,3 and a) evaluates whether Yancoal has provided any/adequate climate-change-related risk disclosures in these reports, and b) provides recommendations for preparation of, or improvement on, the climate-change-related risk disclosures for its 2019 reports for the year ended 31 December 2019 which will be released in April 2020. (

A) Topic :

Elaborate the China-U.S. Trade War and the impact to China Business Environment as follows:

i) Briefly elaborate the trade practices and their effects which the current U.S. President, Donald J. Trump claims are unfair such as the growing trade deficit, the theft of intellectual property, and the forced transfer of American technology to China from 2010 to present.

ii) Analyze the outcomes of the China-U.S. Trade War and U.S.’s subsequent policies impacts to current China Business Environment in terms of Political, Economic, Social and Technological (PEST) aspects.

iii) In your opinion, how to deploy Porter’s Five Forces model to predict the Trade War impacts on the near future China Hi-Tech industries’ challenges and opportunities?

iv) If you are the CEO of a Hong Kong Hi-Tech Firm with extensive business cooperation with Chinese Hi-Tech partners, what strategies would you like to propose to the Board of Directors? And why?

As a CEO of a company that is ready to export to Thailand or that is ready to source from Thailand, would you be concerned about the political risk in Thailand? What steps would you take to mitigate this political risk?

The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2021. The company buys equity securities as noncurrent investments. None of Ornamental’s investments are large enough to exert significant influence on the investee. Ornamental’s fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2020.

A sample of 36 MBA students at a certain university produces a mean age of 26.5 years with a standard deviation of 10.24 years. Which of the following is the 90% confidence interval for the mean age of all MBA students at this university based on this sample.

The U.S. has been traditionally known as a relatively low saving country, compared to countries like Japan. The U.S. personal saving rate had seldom gone into the double digits since the early 1990s (Source: the Federal Reserve Bank of St. Louis). In response to the coronavirus pandemic, people inevitably try to save more. We observe that the U.S. savings are rising in an unprecedented manner: the U.S. personal savings rate (personal saving as a percentage of disposable personal income) hit a historic 33% in April 2020. What are the impacts of rising savings on the U.S. pandemic-hit economy? Share your thoughts. 100-word minimum type

The accompanying table shows the annual​ salaries, in thousands of​ dollars, earned by a sample of individuals who graduated with MBAs in the years 2012 and 2013. Perform a hypothesis test using α equals= 0.05 to determine if the median salary for 2012 MBA graduates is lower than 2013 MBA graduates.

Salaries​ (in thousands of​ dollars) for 2012 MBA graduates

Salaries​ (in thousands of​ dollars) for 2013 MBA graduates

Identify the test statistic.

___ ​(Round to two decimal places as​ needed.)

Calculate the​ p-value.

​p-value equals=____ (Round to three decimal places as​ needed.)