Jade MacIntire is a famous singer. Jade Aquarium, Inc. is a multimedia company with business interests in music, videos, and video games. Both Jade MacIntire and Jade Aquarium need help booking the licensing agreements they have entered into during the past year. They entered into the following licensing agreements:

In January, Jade Aquarium, Inc. purchased the intellectual property rights to the music created by Jade MacIntire to date of the contract, for $20,000. Under the terms of the contract has additionally acquired the right to purchase future compositions created and sung by the artist, for $500 per composition, within five-years from the date of the contract. The corporation can legally sell to another party the compositions it has purchased from the artist.

This year, Jade MacIntire has entered into an agreement with the producers of a Broadway musical, giving them the exclusive right to use a song that she wrote, for a $10,000 consideration. It is not a song Jade MacIntire will ever personally perform.

Jade Aquarium, Inc. has also entered into a licensing agreement with a movie company allowing it to use two of the artist’s most popular compositions in future movies over the next two years. The movie company paid $2,000 for the option to use the songs and will pay an additional $1,500 each time the songs are used in a movie. It is expected that the use of the songs in the movies will bolster the artist’s popularity, increasing the demand for her albums.  

Jade Aquarium, Inc. also collects royalties for songs written by Jade MacIntire and played on air. On average the company collects for 3500 song plays each month. Each play earns the company 9.1 cents in royalties.

Jade Aquarium produced a guitar music app that individuals can download for $2.99, with 20,000 apps downloaded this year. The app is fully functional, but the company anticipates needing to provide software updates twice a year for the next five year; these costs are expected to equal $3,000 and are considered immaterial to the total app developmental cost of $60,000.

At the end of June, Jade MacIntire sold the rights to the use of her album cover images for t-shirts and mugs to Music Outfitters-R-Us for two years. Music Outfitters-R-Us paid Jade MacIntire $20,000 for the rights. Music Outfitters-R-Us has offered Jade a bonus of $10,000 if Jade MacIntire averages at least 50 shows per year over the next two years and $5,000 if Jade MacIntire averages at least 40 shows per year over the next two years. By the end of the year, Jade MacIntire had performed 50 shows.

The probability of Jade MacIntire playing 20-29 shows next year is 15%, 30-39 shows next year is 25%, 40-49 shows next year is 30%, 50+ shows next year is 30%.

Case Questions

1. Summarize the issues specifically related to accounting that are in this case.

2. Providing relevant support from the FASB Codification, discuss the proper accounting treatment for the revenue generating activities. More specifically, at what point(s) in time should revenue be recognized, and for what amount(s)?

3. Find, cite, and summarize the relevant international accounting standard applicable to this case. Compare and contrast relevant U.S. GAAP and IFRS standards.

Consider the following scenario – In March 2020, Wendy’s fast food chain did a national launch of a new breakfast menu to be offered at all of its US locations. Initially, people were very cautious about eating breakfast at Wendy’s since widespread lockdowns due to the COVID-19 pandemic started just after Wendy’s did their national launch, and lockdowns kept many potential customers stuck at home. Wendy’s then began an aggressive online promotion campaign, particularly targeting “essential workers.” By mid-summer many more people were venturing out of their homes, and many were eager to sample the menu, due to boredom fatigue, curiosity, and a pent-up desire to get out of their homes. What do you predict happened at each point of this series of events (so provide your answer by writing one of these words in each blank line for a. to d. – increased, decreased, stayed-the-same)? a. Short-run profits for Wendy’s breakfast sales, post-essential workers promotion _____________ (0.5 maximum point) b. Short-run profits for Wendy’s breakfast sales, mid-summer ____________ (0.5 maximum point) c. Short-run profits earned by McDonald’s breakfast menu sales, mid-summer ______________(0.5 maximum point) d. Overtime (next 3 to 5 years), the profits earned by Wendy’s breakfast sales _________________(0.5 maximum point) e. List the key assumptions you are making, given the answers you just provided: (3 maximum point)

Using the paragraph below, how could i rework it making the statement a proper introduction and literature review? I must include participants, instruments, procedure, and ethical issues and how to solve them. I thought i had included some of those things, but according to my grade i did not include any.

According to the five-factor model, Introversion and Extraversion form two extremes of the first

factor. This factor is scaled based on the person’s sociability, aggressiveness and emotional

expression. Depending on these measures, an introverted individual might be classified because they tend to lean more towards being quiet,

reserved and withdrawn. Similarly, an extroverted individual would lean towards being outgoing,

sociable and seeking adventure. Even in the MBTI scale, introversion and extraversion are the

first of the four markers that might determine an individual’s personality. Although it might seem like a good idea to predict the success of a marriage

based on an individual’s level of sociability and their comfort level with outdoor activities, it is

essential to remember that these markers are not an “all” or “nothing” situation. These are simply scales where an individual might have different

levels of sociability. For instance, one might find an extroverted individual who likes a good house party but hates the crowds at a concert. Also, there might be introverted individuals who

enjoy spending time with their close-knit friends but dislike spending time with people that they do not share a comfort level with. Here in lies the null hypothesis. Since these measures are

not absolute, the prediction based on these measures cannot be “either-or,” where a couple either gets divorced or stays together. Just like the mood to be social is intermittent, depending

on the mood, the day and other factors, the level of marital bliss is just as irregular. However, the synergetic effect between sociability and marital bliss would also depend on whether both

the members are of the same personality type. The best number of participants would be at least 15 couples of different sexual orientations but in equal amount. For instance, 5 straight

couples, 5 homosexual male couples, 5 homosexual female couples with each having different sociability level. The proper hypothesis would be to judge whether couples with the same

sociability marker have more marital bliss or couples with opposing sociability markers. I believe this covers the introduction as well as the literature review.

SCENARIO:

Eva Melon, the CEO and majority shareholder of OuterSpace Corp. (OSC) (incorporated in Delaware) founded the company to develop the technology needed to make commercial space flights available to the average citizen. She believed that space could be made available for colonization and that the energy and resources needed to sustain life in outer space could be harvested from other planets, such as Mars. Eva spent most of her substantial fortune investing in renewable energy and philanthropic endeavors aimed at making life more comfortable through technological breakthroughs. Because Eva’s mother was from the United States and Eva’s father was from France, she held citizenship in both countries. She frequently traveled back and forth operating OSC from her homes in both countries.

Eva’s most recent project for OSC involved the design and construction of a space vehicle. While Eva had initially planned on manufacturing the vehicle in the United States, she projected that she could save approximately $10 million dollars by manufacturing the vehicle in China. However, she wanted to launch the vehicle from a spaceport either in Russia or the United States. Several test flights were slated on the project’s schedule for the years 2020 and 2021 which included a standard flight into low earth orbit, a docking with the international space station, and finally, a trip to Mars for natural resource sample collection. If successful in all the test flights, OSC planned on launching short commercial trips to space for individuals in 2023 and “colonization” flights to Mars some time thereafter.

To help secure funding for the research and development of the project, OSC also developed and produced solar panels for sale to the public, which were very similar to the ones that they would be using on their space vehicles for energy while in space. The panels were highly successful not only because of their technological brilliance, but also thanks to the public’s fascination with Eva, who was portrayed in the media as the “architect of the future.” OSC’s solar panels dominated the solar panel market, effectively shutting down other solar panel companies both domestically and abroad. Upset by the shift in the market, a competing foreign company, SolarX, filed a suit against OSC in federal court for violations of Section 1 of the Sherman Act.

Undeterred, OSC entered into agreement with a Chinese company to begin the manufacture of the space vehicle. However, upon learning of the agreement, the United States government immediately notified OSC that they were in violation of the U.S. Department of State’s International Traffic in Arms Regulation laws and that OSC must cease all transfer of technology and data related to the manufacturing of the vehicle. Concurrently, the Chinese government, in learning of the agreement and realizing the benefit of the technology to its national government, seized control of the manufacturing facility. OSC immediately filed suit in the United States against the manufacturing facility and Chinese government. It also brought an injunction against the U.S. government to prevent the enforcement of any federal regulation prohibiting OSC from using the Chinese company to manufacture space vehicles.

Knowing how long the lawsuits would take and wanting to stay on schedule, OSC opened a manufacturing facility in France to continue the construction of the space vehicle through a wholly-owned subsidiary of OSC (rather than an outside company).

The publicity surrounding OSC’s struggle to get its vehicle built and operational was overwhelmingly in support of OSC. As a result, OSC hinted at solidifying its decision to launch the vehicle from the United States, at a spaceport which it would build in Texas, for use in all its testing operations.

ETHICS QUESTION:

1. In 5-10 sentences, answer the following question. Assume OSC grants an exclusive interview to a 24-hour news channel about the economic status of the company hours after the seizure of the manufacturing facility in China. Chen Li is the marketing director for OSC and is assigned to the interview. Li does not know if the news station yet knows about the seizure, but knows he will be asked about the financial state of the company. He confirms that the confiscation has actually cost the company millions, which will impact the company's finances significantly but has been told by Eva "not to spook investors because we will recover." When asked by the interviewer, "Where is the company financially today, and what can we expect in terms of company growth over the next year?" Li responds, "OSC's management is as strong as ever and we expect revenues to climb in the future." Li never mentions the losses incurred by the seizure. Is this an ethical answer and should Li have disclosed the company's losses? Is corporate marketing "spin" an ethical business practice?

During the course, we explored the foundations of the U.S. Health Care system, and highlighted key influences on the development of the Health Care system in the US. Choose 2 of the key influences listed below, and describe what it is (the who, what, when, where, why) and why/how it was significant to the U.S. Health Care System. Please limit each description to 250 - 300 words.

• The Great Depression and Birth of Blue Cross
• The Regan Administration
• Medical Education and Specialization
• Public Health Focus on Prevention
• Aging of America

According to the 2017-2018 U.S. Pet Ownership & Demographics Sourcebook, 38.4% of US households own a dog. Ms Ferguson believes the percent of households who own a dog has changed since 2018, so she polls 90 students and finds that 39 students own a dog. Test Ms. Ferguson’s claim at the α = 0.05 significance level. Regardless of which method you use, sketch a graph showing the critical region and where the test statistic falls - inside or outside the critical region.

1. IS NOW THE TIME IN OUR COUNTRY’S HISTORY FOR US TO CHANGE OUR CURRENT SYSTEM OF INCOME DISTRIBUTION AND WEALTH DISTRIBUTION? IF SO, just in general terms, what should we do? Why?  

2. Our government is delivering an extra $600 per WEEK in extra, special unemployment benefits to SOME, but NOT ALL, of the workers who have experienced a drop in wage income owing to the pandemic and the recession. This extra payment is set to expire on July 31, 2020. Should this payment be extended past July 31? Why or why not?

Problem 10-1A On January 1, 2017, the ledger of Crane Company contained these liability accounts. Accounts Payable $42,700 Sales Taxes Payable 6,700 Unearned Service Revenue 19,200 During January, the following selected transactions occurred. Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. 5 Sold merchandise for cash totaling $7,314, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $11,100. (Credit Service Revenue.) 14 Paid state treasurer’s department for sales taxes collected in December 2016, $6,700. 20 Sold 520 units of a new product on credit at $46 per unit, plus 6% sales tax. During January, the company’s employees earned wages of $79,400. Withholdings related to these wages were $6,074 for Social Security (FICA), $5,671 for federal income tax, and $1,701 for state income tax. The company owed no money related to these earnings for federal or state unemployment tax. Assume that wages earned during January will be paid during February. No entry had been recorded for wages or payroll tax expense as of January 31. Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to nearest whole dollar amount, e.g. 5,275.) Date Account Titles and Explanation Debit Credit choose a transaction date enter an account title Cash enter a debit amount 18000 enter a credit amount enter an account title Notes Payable enter a debit amount enter a credit amount 18000 choose a transaction date enter an account title Cash enter a debit amount enter a credit amount enter an account title Sales enter a debit amount enter a credit amount enter an account title Sales Tax Payable enter a debit amount enter a credit amount choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount.

PLEASE EXPLAIN ANSWER. USING JAVA via jGRASP

a. Create a class named Student that has fields for an ID number, number of credit hours earned, and number of points earned. (For example, many schools compute grade point averages based on a scale of 4, so a three-credit-hour class in which a student earns an A is worth 12 points.) Include methods to assign values to all fields. A Student also has a field for grade point average. Include a method to compute the grade point average field by dividing points by credit hours earned. Write methods to display the values in each Student field. Save this class as Student.java.

b. Write a class named ShowStudent that instantiates a Student object from the class you created and assign values to its fields. Compute the Student grade point average, and then display all the values associated with the Student. Save the application as ShowStudent.java.

c. Create a constructor for the Student class you created. The constructor should initialize each Student’s ID number to 9999, his or her points earned to 12, and credit hours to 3 (resulting in a grade point average of 4.0). Write a program that demonstrates that the constructor works by instantiating an object and displaying the initial values. Save the application as ShowStudent2.java

Java Beginner

a)Create a class named Student that has fields for an ID number, number of credit hours earned, and number of points earned. (For example, many schools compute grade point averages based on a scale of 4, so a three-credit-hour class in which a student earns an A is worth 12 points.) Include methods to assign values to all fields. A Student also has a field for grade point average. Include a method to compute the grade point average field by dividing points by credit hours earned. Write methods to display the values in each Student field. Save this class as Student.java.

b)Write a class named ShowStudent that instantiates a Student object from the class you created and assign values to its fields. Compute the Student grade point average, and then display all the values associated with the Student. Save the application as ShowStudent.java.

c)Create a constructor for the Student class you created. The constructor should initialize each Student’s ID number to 9999, his or her points earned to 12, and credit hours to 3 (resulting in a grade point average of 4.0).Write a program that demonstrates that the constructor works by instantiating an object and displaying the initial values. Save the application as ShowStudent2.java.