Here are closing share prices (adjusted to include dividends) of 5 companies with past12 months of data and adjusted closing prices for the ASX200 index. Calculate, present and discuss the main summary statistics of monthly returns for each REIT and the overall market index. How does the risk and return characteristics of each REIT compare to the overall market index? Show your analysis process.

Pharoah Company received the following selected information from its pension plan trustee concerning the operation of the company’s defined benefit pension plan for the year ended December 31, 2020.

The service cost component of pension expense for employee services rendered in the current year amounted to $78,000 and the amortization of prior service cost was $117,800. The company’s actual funding (contributions) of the plan in 2020 amounted to $254,000. The expected return on plan assets and the actual rate were both 10%; the interest/discount (settlement) rate was 10%. Accumulated other comprehensive income (PSC) had a balance of $1,178,000 on January 1, 2020. Assume no benefits paid in 2020.

- Determine the amounts of the components of pension expense that should be recognized by the company in 2020. (Enter amounts that reduce pension expense with either a negative sign preceding the number e.g. -45 or parenthesis e.g. (45).

- Prepare the journal entry to record pension expense and the employer’s contribution to the pension plan in 2020

- Indicate the pension-related amounts that would be reported on the income statement partial, comprehensive income statement, and the balance sheet partial for Pharoah Company for the year 2020.

Ashley Company began operations in 2020. Ashley’s pretax financial income for 2020 was $450,000. The tax law in 2020 says that the tax rate in 2020 is 25%, but it will be 20% in 2021 and in future years. Ashley’s pretax financial income for 2020 contained the following items that are treated differently for financial purposes than they are for tax purposes: Differences Amount included in Pretax Financial Income Amount included in Taxable Income Difference1 1. Interest earned on State of Ohio Bonds. (Note: Interest on these bonds is exempt from Federal Income Tax.) $ 9,000 $ 0 $ 9,000 2. Gross profit on installment sales. 300,000 200,000 100,000 3. Warranty expense. 19,600 13,600 6,000 4. Depreciation on machinery. 20,000 200,000 180,000

1 Note: Each difference shown above is shown as an absolute value. Therefore, that number contains no information about whether that difference should be added or subtracted in preparing the reconciliation of pretax financial income to taxable income. You are responsible for deciding how each difference should be treated.

Instructions:

A. Prepare a reconciliation of pretax financial income to taxable income for Ashley Company for 2020.

B. Compute Ashley’s Income Tax Payable as of the end of 2020.

C Compute the year-end balances in any deferred income tax asset and/or deferred income tax liability accounts that exist as of the end of 2020.

D. Compute Ashley’s Income Tax Expense for 2020.

Critical Leadership Competencies Needed in 2020

Comment these answer :

What are the key leadership competencies that will be needed in leaders by 2020?

            The key leadership competency that will be needed in leaders by 2020 is the ability to be an effective communicator.   This competency is necessary because technology allows for organizations to be networked and outsourced. Therefore teams will not be in the same office building or even from the same country.

            What are the most significant leadership trends that require a change in leadership approaches by 2020?

            The most significant leadership trend that requires a change in leadership approach by 2020 is authenticity and caring.   Leaders must be real and leaders must care. Authenticity includes credibility and trust. Caring is important because if an employee doesn’t feel that a leader cares about them as a person or individual morale will be low and therefore productivity will decrease.

            What are some of the external trends (e.g., increased globalization, increased diversity, and increased use of technology) that will influence the leadership changes?

            External trends that will influence the leadership change are the use of technology. No longer are face-to-face meetings the norm. Conference calls, video conferencing and email have all transformed meetings. Technology is essential today and will be even more important in 2020.

            What will the employee of 2020 look like in terms of expectations, skills, and experience?

            The 2020 employee will have higher expectations, stronger skills and more work experiences. These terms are all required in order for stakeholder expectations to be met in 2020

Your article should not be longer than 800 words. Please use endnotes for this assignment. Pick only one of the following nice tech giants for your opinion article: Facebook, Amazon, Apple, Google, Baidu, Alibaba, Microsoft, Xiaomi or Tencent. This list, as you can see, only contains US and Chinese tech giants. This will give you an opportunity to showcase your awareness of diversity across global cultures and markets. In your opinion article, you should address the following issues:

(a) Examine the amount of competition faced by your tech giant in order to define the limits of its dominance. If you can show that it faces substantial domestic and/or global competition, you may be able to weaken the case for breaking it up.

(b) Illustrate some of the ambitious innovation initiatives that your tech giant is currently pursuing. If you can show that your tech giant is still innovating aggressively, you may be able to weaken the case for breaking it up.

(c) Develop arguments to show why breaking up your tech giant would limit its efficiency and its ability to pursue bold and aggressive innovation schemes. 25 marks will be awarded for research and writing.

This includes (and not limited to) clarity and coherence, organisation of essay, and proper use of relevant and accurate sources.

Vertical Analysis of Income Statement

Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows:

a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as positive numbers.

b. The vertical analysis indicates that the cost of goods sold as a percent of sales increased by 5 percentage points, while selling expenses increased by 2 percentage points, and administrative expenses by 2 percentage points. Thus, net income as a percent of sales by 3 percentage points.

17-3 17-01

Vertical Analysis of Income Statement

Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows:

a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as positive numbers.

b. The vertical analysis indicates that the cost of goods sold as a percent of sales (INCREASED/DECREASED)

by 5 percentage points, while selling expenses (INCREASED/DECREASED)

by 2 percentage points, and administrative expenses INCREASED/DECREASED

by 1 percentage points. Thus, net income as a percent of sales (INCREASED/DECREASED)

by 2 percentage points. (INCREASED/DECREASED)

Vertical Analysis of Income Statement Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current Year Previous Year Sales $620,000 $539,000 Cost of goods sold 353,400 274,890 Selling expenses 105,400 107,800 Administrative expenses 117,800 91,630 Income tax expense 18,600 26,950 a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as positive numbers. Innovation Quarter Inc. Comparative Income Statement For the Years Ended December 31 Current year Amount Current year Percent Previous year Amount Previous year Percent Sales $620,000 % $539,000 % Cost of goods sold 353,400 % 274,890 % Gross profit $ % $ % Selling expenses 105,400 % 107,800 % Administrative expenses 117,800 % 91,630 % Total operating expenses $ % $ % Income from operations % % Income tax expense 18,600 % 26,950 % Net income $ % $ % b. The vertical analysis indicates that the cost of goods sold as a percent of sales by 6 percentage points, while selling expenses by 3 percentage points, and administrative expenses by 2 percentage points. Thus, net income as a percent of sales by 3 percentage points.

ANSWER THE QUESTION THAT I BOLD

Chapter 15: Product Development and Supply Chain Management

COVID 19 health crisis that we all are experiencing is giving us a healthy dose of reality to understand the importance of this chapter. Some pharmaceutical companies are racing to develop vaccines and drugs for this epidemic, and others are racing against the clock to produce ventilators and other critical equipment to deal with this public health crisis. Retailers are struggling to move supplies and fill the shelves to meet our needs: food, medicine, toilet papers, sanitizers, and the list can go on. Government agencies at all levels are watching and trying to protect against so-called “entrepreneurs” that are moving supplies to geographies where they can capitalize and earn more dollars.

Again, given the time constraints, we will focus on the following points:

• 15-2 Innovation: A path the grow
• 15-3 The product life cycle and new product development
• 15-4a Branding
• 15-6 The legal environment
• 15-7 Supply chain management

I highly recommend that you read the whole chapter to get the full benefit. Your assignment is to discuss the following:

1. Can you make an argument as to why a solid performing business DOES NOT need innovation to grow? Explain why!

Esquire Comic Book Company had income before tax of $1,450,000 in 2021 before considering the following material items:
  

1. Esquire sold one of its operating divisions, which qualified as a separate component according to generally accepted accounting principles. The before-tax loss on disposal was $385,000. The division generated before-tax income from operations from the beginning of the year through disposal of $590,000.
2. The company incurred restructuring costs of $50,000 during the year.

  
Required:
Prepare a 2021 income statement for Esquire beginning with income from continuing operations. Assume an income tax rate of 25%. Ignore EPS disclosures. (Amounts to be deducted should be indicat with a minus sogn)