J.J. Heva Company is an American company that prepares its financial statements under US GAAP. In 2014, the company reported income of $5,000,000 wit stockholders’ equity of $40,000,000 on December 31, 2014. In anticipation of possible adoption of IFRS by the US companies, the management wishes to explore possible impacts of the conversion on the company’s financial statements. You are hired to prepare a reconciliation schedule to convert 2014 income as well as stockholders’ equity on December 31, 2014 from US GAAP basis to IFRS. The following information is provided by the company’s accounting department:

1. In 2012, the company’s pension plan was amended and consequently created a past service cost of $75,000.   Half of the past service cost was attributable to already vested employees who had an average remaining service life of 15 years, and half of the past service cost was attributable to non-vested employees who, on average, had two more years until vesting. The company has no retired employees.
2. In 2014, the company entered into a contract to provide engineering services to a long term customer over a 12-month period. The fixed price is $300,000 and the company    estimates with high degree of reliability that the project is 30 percent complete at the end of 2014.
3. The company publicly announced a restructuring plan in 2014 and created a valid expectation on the part of the employees to be terminated that the company will carry out the restructuring. The estimated cost of restructuring is $500,000. No legal obligation to restructure exists as of December 31, 2014.
4. Stock options were granted to key officers on January 1, 2014. The grant date fair value per option was $10, and a total of 9,000 options were granted. The options vest in equal installments over three years: one-third in 2013, one-third in 2014, and one-third in 2015. A straight line method is utilized to recognize compensation expense related to stock options.
5. On January 1, 2013, the company issued $10,000,000 of 5% bonds at par value that matures in five years on December 31, 2017. Costs incurred in issuing the bonds were $500,000. Interest is paid on bonds annually. Assume the effective interest rate is 6.193%.

Make sure your reconciliation statement is accompanied by an adequate explanation and reference for every one of your adjustments. Ignore income taxes.

How to analyse a company by this ratio? Or what can these ratios tell us?

Quick Ratio

What is the role of a board of directors from an ethical governance standpoint? What is the role of CEO, Vice President, Manager, Supervisor, staff and administrative orall other employee groups of an organization. What is the ethical governance and accountability level of each group using all forms/norms or codes of ethics in today’s social and work environment.

E18.17  (Sales with Returns) On March 10, 2020, Steele Company sold to Barr Hardware 200 tool sets at a price of $50 each (cost $30 per set) with terms of n/60, f.o.b. shipping point. Steele allows Barr to return any unused tool sets within 60 days of purchase. Steele estimates that (1) 10 sets will be returned, (2) the cost of recovering the products will be immaterial, and (3) the returned tools sets can be resold at a profit. On March 25, 2020, Barr returned six tool sets and received a credit to its account. . Assume that instead of selling the tool sets on credit, that Steele sold them for cash.

Instructions
a.    Prepare journal entries for Steele to record (1) the sale on March 10, 2020, (2) the return on March 25, 2020, and (c) any adjusting entries required on March 31, 2020 (when Steele prepares financial statements). Steele believes the original estimate of returns is correct.

b.    Indicate the income statement and balance sheet reporting by Steele at March 31, 2020, of the information related to the Barr sale.

COLLAPSE As we see in Chapter 13, Financial Statement Analysis, we are now making the transition from accounting concepts to finance concepts and the tools available to us to compare the results of a company to another that are produced in accounting. What is the purpose of performing a horizontal and vertical analysis? What are the other names for these types of analyses? Lastly, pick one or two ratios that were discussed in the chapter, describe what it intends to measure, is a higher number better or worse as a result, and how is the ratio calculated.

part a. Drawing from Dynamic Capability theory, what recommendations would you make to Under Armour’s CEO Kevin Plank to create a winning strategy in the rapidly changing environment? Provide three (3) recommendations to support your answer.

part b.Evaluate critically the three (3) key elements of Under Armour’s strategy, the management need to address as top priority to stay competitive.

#Java

I am reading from the txt file

and I put everytihng inside of the String[], like that:

String[] values = str.split(", ");

But, now I have to retrieve the data from it one by one. How can I do it?

Here is the txt file:

OneTime, finish the project, 2020-10-15
Monthly, wash the car, 2020-11-10

Thanks!

In 2020, Avalanche Corporation has $70,000 of net income from operations during the current year. In addition, Avalanche received $180,000 of dividend income from a corporation in which Avalanche has a 10% ownership interest. What is Avalanche’s dividends received deduction for 2020?

Question 6 options:

GDP from each year:

a) Calculate Economic Growth from 2018 to 2023. When is the highest growth?

b) Calculate the Constant GDP of 2018, 2019, 2021, 2022, 2023 based on 2020 price.

1. Explain illegal payments under the FCPA, giving at least one specific example from an FCPA case. Are there any exceptions? Discuss advantages and disadvantages of this law in terms of US companies doing business abroad.

2. Give one specific example of an advantage, and a disadvantage, of the NAFTA regional free trade agreement. Discuss the effect of NAFTA on the US/Texas economy, both pro and con. Discuss update recommendations regarding this treaty.

3. Give an example of dumping, and explain why it is illegal. Is it good or bad for the US consumer?

4. Discuss the recent move toward the implementation of tariffs in international trade. Why are they being imposed, what is the effect on the US consumer and US businesses?