Transaction Analysis Activity
Steamy Stacks, Inc. sells toy trains. Steamy Stacks began business on October 1 by issuing (selling) 10,000 shares of no par common stock. for $10 per share. The issuance of common stock represents investment by owners. Steamy Stacks uses the accrual method of accounting.
During the month of October, the following transactions occurred:
10/1 Issued 10,000 shares of no par common stock for $10 per share.
10/1 Paid rent of $1,500 for office and retail space for month of October.
10/5 Purchase 500 toy trains for $25 each. The trains were received by Steamy Stacks and payment is due on November 5.
10/10 Sold 150 trains for $45 each. The trains were delivered and cash was received.
HINT: Remember to ‘match’ expenses to revenue they helped to generate…
10/16 Paid $3,000 wages to employees. Employees are paid on the 1st and 16th of each month for the periods ending on the 15th and last day of month, respectively. For simplicity, assume all payments equal $3,000.
10/17 Sold 300 trains for $45 each. The trains were delivered. Payment is due on Nov. 17.
10/20 Ordered Christmas Steamy Stacks advertisement. The advertisements are scheduled to run the last week of November. The advertising agency required 40% payment with the order and the total charge was $1,300. Paid $520.
10/22 Received order for 125 trains to be delivered December 10.
10/31 Paid a cash dividend of $ .10 per share of common stock.
REQUIREMENTS:
In: Operations Management
Dorsey Co. has expanded its operations by purchasing a parcel of land with a building on it from Bibb Co. for $89,000. The appraised value of the land is $24,000, and the appraised value of the building is $102,000. information Required:
a. Assuming that the building is to be used in Dorsey Co.’s business activities, what cost should be recorded for the land? (Do not round intermediate calculations.)
b. Indicate why, for income tax purposes, management of Dorsey Co. would want as little of the purchase price as possible allocated to land. (Select all that apply.) Land is a current asset. Land is not a depreciable asset. Land value will not reduce taxable income. Land is a depreciable asset. Land value reduces taxable income.
c. Indicate why Dorsey Co. allocated the cost of assets acquired based on appraised values at the purchase date rather than on the original cost of the land and building to Bibb Co. Appraised values are to be used because they represent the historical asset value. Appraised values are to be used because they represent the book value. Appraised values are to be used because they represent the asset's current value.
d. Assuming that the building is demolished at a cost of $11,000 so the land can be used for employee parking, what cost should Dorsey Co. record for the land?
In: Accounting
Effective credit management involves establishing credit standards for extending credit to customers, determining the company’s terms of credit, and setting up procedures for invoicing and collecting past-due accounts.
The following statement refers to a credit management policy. Select the best term to complete the sentence.
The conditions of the credit sale, including cash discounts and due dates, are indicated by the company’s .
Consider the case of Newtown Co.:
Newtown Co. has a very attractive credit policy, and none of its customers pay in cash when the firm makes a sale. Newtown Co. sells to its customers on credit terms of 2/10, net 30.
If a customer bought $100,000 worth of goods and paid the firm cash eight days after the sale, how much cash would Newtown Co. get from the customer?
$90,000
$98,000
$85,000
$105,000
If the customer paid off the account after 15 days, Newtown Co. would receive .
Approximately 30% of Newtown Co.’s customers take advantage of the discount and pay on the 10th day. The remaining 70% take an average of 35 days to pay off their accounts. What is Newtown Co.’s days sales outstanding (DSO), or the average collection period?
27.5 days
26.1 days
24.8 days
28.9 days
In: Finance
What are the two early schools of thought in psychology (structuralism and functionalism) and what was their approach to their subject matter? What are the six main perspectives we find in psychology? It is important that you know the differences between these perspectives in terms of their explanations for human nature, causes of behavior, and the main methods and strategies employed. What is the levels-of-analysis framework? You may be expected to apply the levels-of-analysis to a set of behaviors and/or cognitions.What are the two early schools of thought in psychology (structuralism and functionalism) and what was their approach to their subject matter? What are the six main perspectives we find in psychology? It is important that you know the differences between these perspectives in terms of their explanations for human nature, causes of behavior, and the main methods and strategies employed. What is the levels-of-analysis framework? You may be expected to apply the levels-of-analysis to a set of behaviors and/or cognitions.What are the two early schools of thought in psychology (structuralism and functionalism) and what was their approach to their subject matter? What are the six main perspectives we find in psychology? It is important that you know the differences between these perspectives in terms of their explanations for human nature, causes of behavior, and the main methods and strategies employed. What is the levels-of-analysis framework? You may be expected to apply the levels-of-analysis to a set of behaviors and/or cognitions.What are the two early schools of thought in psychology (structuralism and functionalism) and what was their approach to their subject matter? What are the six main perspectives we find in psychology? It is important that you know the differences between these perspectives in terms of their explanations for human nature, causes of behavior, and the main methods and strategies employed. What is the levels-of-analysis framework? You may be expected to apply the levels-of-analysis to a set of behaviors and/or cognitions.What are the two early schools of thought in psychology (structuralism and functionalism) and what was their approach to their subject matter? What are the six main perspectives we find in psychology? It is important that you know the differences between these perspectives in terms of their explanations for human nature, causes of behavior, and the main methods and strategies employed. What is the levels-of-analysis framework? You may be expected to apply the levels-of-analysis to a set of behaviors and/or cognitions.What are the two early schools of thought in psychology (structuralism and functionalism) and what was their approach to their subject matter? What are the six main perspectives we find in psychology? It is important that you know the differences between these perspectives in terms of their explanations for human nature, causes of behavior, and the main methods and strategies employed. What is the levels-of-analysis framework? You may be expected to apply the levels-of-analysis to a set of behaviors and/or cognitions.What are the two early schools of thought in psychology (structuralism and functionalism) and what was their approach to their subject matter? What are the six main perspectives we find in psychology? It is important that you know the differences between these perspectives in terms of their explanations for human nature, causes of behavior, and the main methods and strategies employed. What is the levels-of-analysis framework? You may be expected to apply the levels-of-analysis to a set of behaviors and/or cognitions.What are the two early schools of thought in psychology (structuralism and functionalism) and what was their approach to their subject matter? What are the six main perspectives we find in psychology? It is important that you know the differences between these perspectives in terms of their explanations for human nature, causes of behavior, and the main methods and strategies employed. What is the levels-of-analysis framework? You may be expected to apply the levels-of-analysis to a set of behaviors and/or cognitions.What are the two early schools of thought in psychology (structuralism and functionalism) and what was their approach to their subject matter? What are the six main perspectives we find in psychology? It is important that you know the differences between these perspectives in terms of their explanations for human nature, causes of behavior, and the main methods and strategies employed. What is the levels-of-analysis framework? You may be expected to apply the levels-of-analysis to a set of behaviors and/or cognitions.What are the two early schools of thought in psychology (structuralism and functionalism) and what was their approach to their subject matter? What are the six main perspectives we find in psychology? It is important that you know the differences between these perspectives in terms of their explanations for human nature, causes of behavior, and the main methods and strategies employed. What is the levels-of-analysis framework? You may be expected to apply the levels-of-analysis to a set of behaviors and/or cognitions.
In: Psychology
A class Names reads the following names from the .txt file
Name.txt
Jason Butler
Paul Cunningham
Logan Bryant
Cody paul
Robert Vernon Ehlers III
Quincy James Ellefson
Currionte Evans
Gavin Scott French
Zach Tyler Goss
Noah Cosby
Jeremy Whittle
Ryan brown
Jonah Dalton Null
Cameron jones
Xavier Rhodes
Malcom Wesley
Jamarcus johnson
Bernard smith
Joseph Nettles
Danny Willaims
James wellington
William bolar
Make a search directory using dynamic allocation where the user would search the any number of letters of the first name and the matching name/names would come up as output. Write C++ code and pseudocode in a doc file
In: Computer Science
Dealing with Server Core Agent
The owner of CSM Tech Publishing was at the sales office last week and out of curiosity wanted to sign in to the server there. The owner is somewhat tech savvy and has even worked a little with Active Directory in Windows Server 2012. He was shocked when he signed in and didn’t see a familiar user interface—only a command prompt. He asked you about this and accepted your explanation of Server Core and why you chose this installation option. However, he was wondering what would happen if you stopped providing support or were unavailable for an extended period, and your replacement wasn’t familiar with Server Core. Write a memo explaining how this situation could be handled easily
In: Computer Science
Elimu Co, a listed company, is a major supplier of educational material, selling its products in many countries. It supplies schools and colleges and also produces learning material for business and professional exams. Elimu Co has exclusive contracts to produce material for some examining bodies. Elimu Co has a well-defined management structure with formal processes for making major decisions.
Although Elimu Co produces online learning material, most of its profits are still derived from sales of traditional textbooks. Elimu Co’s growth in profits over the last few years has been slow and its directors are currently reviewing its long-term strategy. One area in which they feel that Elimu Co must become much more involved is the production of online testing materials for exams and to validate course and textbook learning.
Elimu Co has recently made a bid for Mtandao Co, a smaller listed company. Mtandao Co also supplies a range of educational material, but has been one of the leaders in the development of online testing and has shown strong profit growth over recent years. All of Mtandao Co’s initial five founders remain on its board and still hold 45% of its issued share capital between them. From the start, Mtandao Co’s directors have been used to making quick decisions in their areas of responsibility. Although listing has imposed some formalities, Mtandao Co has remained focused on acting quickly to gain competitive advantage, with the five founders continuing to give strong leadership.
Elimu Co’s initial bid of five shares in Elimu Co for three shares in Mtandao Co was rejected by Mtandao Co’s board. There has been further discussion between the two boards since the initial offer was rejected and Elimu Co’s board is now considering a proposal to offer Mtandao Co’s shareholders two shares in Elimu Co for one share in Mtandao Co or a cash alternative of Kshs.22.75 per Mtandao Co share. It is expected that Mtandao Co's shareholders will choose one of the following options:
In case of the third option being accepted, it is thought that three of the company's founders, holding 20% of the share capital in total, will take the cash offer and not join the combined company. The remaining two founders will probably continue to be involved in the business and be members of the combined company's board.
Elimu Co’s finance director has estimated that the merger will produce annual post-tax synergies of Shs. 20 million. He expects Elimu Co’s current price-earnings (P/E) ratio to remain unchanged after the acquisition.
Extracts from the two companies’ most recent accounts are shown below:
Elimu Mtandao
Kshs. m Kshs. m
Profit before finance cost and tax 446 182
Finance costs (74) (24)
–––– ––––
Profit before tax 372 158
Tax (76) (30)
–––– ––––
Profit after tax 296 128
–––– ––––
Issued Kshs.1 nominal shares 340 million 90 million
P/E ratios, based on most recent accounts 14 15·9
Long-term liabilities (market value) (Kshs.m) 540 193
Cash and cash equivalents (Kshs.m) 220 64
The tax rate applicable to both companies is 20%.
Assume that Elimu Co can obtain further debt funding at a pre-tax cost of 7·5% and that the return on cash surpluses is 5% pre-tax.
Assume also that any debt funding needed to complete the acquisition will be reduced instantly by the balances of cash and cash equivalents held by Elimu Co and Mtandao Co.
Required:
Evaluate the funding required for the acquisition of Mtandao Co and the impact on Elimu Co’s earnings per share and gearing, for each of the three options given above.
In: Finance
global economic
Scenario 1: This case examines lobbying in the United States on the North American Free Trade Agreement (NAFTA). I argue that economies of scale and production sharing across borders create incentives for firms to seek regional trade liberalization. Statistical analysis demonstrates that sectors with these characteristics were more likely to lobby for free trade in North America; these sectors were also exposed to free trade more rapidly under the tariff-phasing schedule in the NAFTA treaty. However, corporate restructuring to rescale production for the regional market and to increase offshore assembly presented adjustment costs for U.S. workers, which created divisions between labor unions and their employers. I conclude that regional arrangements are an attractive mechanism to liberalize trade for firms in need of larger-than- national markets to take advantage of economies of scale or to develop production-sharing networks. Answer the following questions:
Q1. Identify the extent to which such agreement yield the benefits to the member states that they were originally intended.
Q2. Analyze the advantages of (NAFTA) as regional trade agreement.
Scenario 2: The Middle East and North Africa (MENA) has been slow to integrate, both intra-regionally and internationally. The Greater Arab Free Trade Area (GAFTA) saw tariffs between 17 Arab states rapidly decline from an average 15 percent in 2002 to 6 percent in 2009. But it has failed to bring down trade costs. In fact, it remains cheaper for some Arab states to trade with Europe than between themselves. Bilateral trade costs for industrial products between the Maghreb states and France, Italy and Spain is half that of trading with the GCC, Jordan, Iraq, Lebanon or Syria, according to trade policy and development expert Ben Shepherd. The cost difference also is negligible for trade between Egypt and the rest of MENA versus parts of Europe. The six member states of the Gulf Cooperation Council (GCC), which came into effect in 1981, are well ahead of the rest of MENA in terms of both intra-regional and international trade, however, despite its proximity, costs are still two-fifths higher than between France-Italy-Spain, according to Shepherd. And while intra-GCC trade has risen from $19.8bn to $65.4bn in 2010, it remains a small fraction of the GCC’s $1.3 trillion in total trade. The GCC customs union, which came into force in 2003, eliminates tariffs between the six states and enforces a common 5 percent tariff on imported goods across the region. Citizens also have freedom of movement across borders and the right to employment. Unofficially, the union also has seen the states coordinate in areas such as health, education, security and knowledge But non-tariff barriers have inhibited greater trade between the six states. A GCC railway has been mapped out but is yet to gain much traction, while other early plans for a combined value- added tax (VAT) were put on ice until recently, when the oil price crashed. Answer the following questions:
Q3. Measure the importance of regional trade agreement among GCC countries.
Q4. Explain the UAE type of economy, and how UAE facing competition.
In: Economics
Flatbread goes round the world Gruma S.A.B. de C.V is
located near Monterrey, Mexico, and produces corn flour and other
flour products, which it processes into tortillas and related
snacks for markets worldwide. Its brand names include Maseca,
Mission, and Guerrero. Its customers include supermarkets, mass
merchandisers, smaller independent stores, restaurant chains, food
service distributors and schools. The company began operations in
1949. In the early 1970s, Gruma launched its product on the Central
American markets, specifically in Costa Rica. In 1976 it expanded
to the United States and in 1987 it began expanding its operations
across the globe, opening plants in Honduras, El Salvador,
Guatemala and Venezuela. It now has plants in Europe and most
recently China. The Asian market presents a very exciting
development for Gruma. The company established their presence on
continental China in the first instance and then gradually expanded
their penetration of markets across Asia to the Middle East. It has
already established distributorships in Japan, Korea, Singapore,
Hong Kong, Thailand, the Philippines, Taiwan and India. How has a
Mexican company with a niche food product like corn flour succeeded
so well in international markets? According to Martinez and
Haddock, the answer lies in the fact that many of the markets they
have focused on are emerging markets which tend to follow the same
path of development. These emerging markets exhibit a natural life
cycle – a predictable pattern of consumer demand that is evident in
steel, wheat, consumer products, and every other major economic
sector. What Gruma are following in their international expansion
is the tried and tested method of leveraging the similarities
across from market to market and growing their company accordingly.
The root of the success of Gruma has been their ability to observe
the life cycle of emerging markets around the world and expertly
time their entry into these markets. However, the other key factor
has been their ability to adapt their products to local market
tastes. Their key competitive advantage in international markets is
based not on their product but the ability to roll any kind of
flour, from corn to wheat to rice, into saleable flatbread. Most
people from India do not eat corn tortillas, but they do eat a
flatbread called naan, made from wheat, which Gruma sells in the
United Kingdom and plans to sell in India. The Chinese don’t eat
many corn tortillas, but they buy wraps made by Gruma for Peking
duck. Gruma also follow a policy of deploying a senior ‘beachhead’
team to enter the new market in which they are building a presence.
In China, the beachhead team had skills honed through many years of
experience in Latin America and was already primed to develop the
necessary market insights to feed into their marketing campaign.
Thus, observed trends in China such as a decrease in home cooking
among dual-career professionals, increasing penetration of fast
food chains, an increase in cold storage in supermarkets and rapid
improvements in the logistics and distribution channels were all
utilized in thinking through the Gruma market-building strategy in
China.
In connection with the given case study, develop a list of
environmental factors which can be monitored to help decision
makers recognize when it is the optimum time to enter a
market.
In: Economics
PART 5: Learn about commands used to view contents of files:
type: cat passwd.bak
2. now add the |more to the last command (see what happens when you push the up arrow curser key-it recalls the last command)
3. now try to cat the passwd.bak file but look at the first few lines and then the last few lines using the head and tail commands
type: head passwd.bak and tail passwd.bak
4. let’s now add the n2 option to the head and tail commands and see what happens
5. let’s look more at the cat command and redirection of output to a file:
type: cat > file1 and enter a paragraph about how you feel about Unix. Hit the ctrl and d to exit
6. create another file: ls -ali > file50
7. add to that file: cat /passwd.bak >> file50
8. review your work using the cat command
9. try to pull out any lines from the file50 with root: grep root file50
10. HAND-IN: Screen Capture #4 of of the above activities
PART 6: Let’s practice utilizing files and directories in our file systems structure:
test
|
dir1 dir2 dir3 dir4
|
dir5 dir6
2. create some files in all of these directories using the cat or touch command
3. try a new command: move or mv. Use the mv command to move a file from one directory to another but notice that the inode number stays the same
4. use rm and rmdir to remove two files and dir4
5. HAND-IN: Screen Capture #5 of of the above activities
In: Computer Science