Imagine that you own a company, and your company primary uses GAAP to post its financial measures. You want to use Non-GAAP measures. Explain the disadvantages and advantages of Non- GAAP measures to current stockholders and potential future investors? Reference the objective and appropriate primary and enhancing characteristics from the FASB conceptual Framework in the discusion.

Can you guys please explain why Non - GAAP measues are important or the disadvantage of it? Need more ideas. Thank You.

(8) In case Exhibit 9, Panel A, the company provides a reconciliation of the $5.66 EPS figure to the income statement’s reported EPS figure of $8.78. Also referred to as “Core EPS” in a PepsiCo-related press release, this figure, $5.66, is a non-GAAP financial measure many companies choose to report. What does a non-GAAP financial measure mean? What does the terminology “core” suggest to you? What is the reason that many companies provide non-GAAP financial information in their financial reports?

Please answer Part B and show all calculations (How you got the Standard Deviation, etc. )

(3) Website design options include mobile-first (structured to optimize performance for users on phones and mobile devices) and responsive design (structured to optimize performance for users on desktop computers).

Data were collected based on a random sample of the number of times users complained about website design on a given day. Five non-profit organizations with mobile-first design were studied, as well as six non-profit organizations with responsive design. The organizations are roughly comparable in terms of number of visitors and target audience. Data for each organization are shown below.

(b) Conduct a hypothesis test with a = 0.05, estimating the t-statistic and the p-value.

On May 5, 2018, Sarah purchased a new office building for $2.5 million to use for rental purposes. After review of the appraisal, $100,000 is allocated to the value of the land. On November 3, 2018, she began to lease office space in the building. On March 4, 2023, Sarah sold the building. What is Sarah's depreciation deduction for 2018 and 2023?

Stark Engineering Solutions Melbourneknew it had a problem with recruitment when it began to lose track of its job applicants’ Curriculum Vitae’s (CV’s or resume). It frequently called the same candidates for an interview twice and from time to time, sought to interview people it had already employed. HR staff would spend up to two hours looking for an individual CV’s for a given job.

The company had existed for around 4 years and had grown very rapidly. It had around 2000 employees but planned to expand this to 6000 over the next three years. The business, with 4 offices in major Australian cities, intended to take on approximately some extra 200 employees each quarter.

The Human Resources recruitment team had started with 2 members and had grown to 12 people across the four offices. The bigger it grew, the greater the chaos and confusion. The recruitment database was maintained in an MS Excel spreadsheet and was not coordinated between the 4 offices. They were receiving an average of1000 CV’s per month – via email or in the form of the hard copy sent by candidates or by recruitment firms – for an average of around 60 vacancies across all 4 offices at any given time.

An internal review demonstrated that the company had to standardise its recruitment processes and reduce duplication. The cost per hire needed to be cut and the overall quality of the talent hired by the business needed to rise.

The company felt that these improvements would help speed response times and promote a positive image. They could also help to improve the efficiency of the recruitment staff. Stark Engineering believed that the adoption of an online recruitment platform would improve the shortlisting process and boost candidate confidentiality. It could, in time, ensure a greater diversity of job applicants.

Source: Adapted from Instructor Resources-Nankervis, A., Compton, R., Baird, M. & Coffey, J. 2017. Human Resource Management, Strategy and Practice. (9th Ed.) Australia: Cengage Learning

Questions:

1. Explain and discuss how the new online system could improve talent management and encourage a greater diversity of job applicants?

Angela, Inc., holds a 90 percent interest in Corby Company. During 2017, Corby sold inventory costing $111,200 to Angela for $139,000. Of this inventory, $52,600 worth was not sold to outsiders until 2018. During 2018, Corby sold inventory costing $123,900 to Angela for $177,000. A total of $69,400 of this inventory was not sold to outsiders until 2019. In 2018, Angela reported separate net income of $237,000 while Corby's net income was $130,500 after excess amortizations.

What is the noncontrolling interest in the 2018 income of the subsidiary?

Multiple Choice

• $174,500.

• $173,300.

• $214,200.

• $183,200.

During 2018, Karan acquired the following assets for use in her sole proprietorship: Asset Cost Date Place in ServiceComputers & Info. System $400,00003/31/2018Assembly Equipment1,200,00008/15/2018Warehouse 700,00011/13/2018

a. What is the maximum amount of cost recovery Karen can claim with respect to these assets in 2018?

b. What is each asset’s adjusted basis as of December 31, 2018?

c. Assume Karan sells the warehouse on May 5, 2020. What will Karan’s adjusted basis in the warehouse be for purposes of determining her gain or loss on the sale?

On January 1, 2018, Hobart Mfg. Co. purchased a drill press at a cost of $39,300. The drill press is expected to last 10 years and has a residual value of $6,300. During its 10-year life, the equipment is expected to produce 500,000 units of product. In 2018 and 2019, 26,500 and 87,000 units, respectively, were produced. Required: Compute depreciation for 2018 and 2019 and the book value of the drill press at December 31, 2018 and 2019, assuming the units-of-production method is used. (Round depreciation per unit to 2 decimal places.)