"MBA from" US university founder "Finland" company acquired 2020 CEO interview questions

Questions

Look at the following research questions. What would be an appropriate audience for each one? Why...

Look at the following research questions. What would be an appropriate audience for each one? Why did you come to that answer?

1. How does the use of texting affect high school English grades?
2. What effect do medical budget cuts have on small town hospitals?
3. Does earning an MBA make you a better job candidate?
4. Why does the American government lend money to foreign countries?

In: Psychology

1) Explain the primary benefits of a business education? 2) Why is pursuing an MBA immediately after...

1) Explain the primary benefits of a business education?

2) Why is pursuing an MBA immediately after finishing an undergraduate degree generally a bad idea?

3) briefly describe the various alternatives to a formal business education.?

4) Explain the difference between “training” and “education”. Then explain the role of each in higher education (and specifically in business school)?

5) What does a business degree signal to an employer?

6) Briefly describe the various formats for a business degree?

In: Accounting

Exercise 194 The financial statements of Lowz Company appear below: LOWZ COMPANY Comparative Balance Sheet December...

Exercise 194

The financial statements of Lowz Company appear below:

LOWZ COMPANY Comparative Balance Sheet December 31
		*2020*		2019
	Assets
Cash		$36,000		$23,000
Accounts receivable		25,000		34,000
Merchandise Inventory		32,000		15,000
Property, plant, and equipment		50,000		78,000
Accumulated depreciation		(21,000	)	(24,000	)
Total		$122,000		$126,000
Liabilities and Stockholder's Equity
Accounts payable		$18,000		$23,000
Income taxes payable		9,000		8,000
Bonds payable		8,000		33,000
Common stock		28,000		24,000
Retained earnings		59,000		38,000
Total		$122,000		$126,000

LOWZ COMPANY Income Statement For the Year Ended December 31, 2020
Sales				$400,000
Cost of goods sold				270,000
Gross profit				130,000
Operating expenses				45,000
Income from operations				85,000
Interest expense				5,000
Income before income taxes				80,000
Income tax expense				24,000
Net income				$56,000

The following additional data were provided:
1.		Dividends declared and paid were $35,000.
2.		During the year, equipment was sold for $17,000 cash. This equipment cost $28,000 originally and had a book value of $17,000 at the time of sale.
3.		All depreciation expense is in the operating expenses.
4.		All sales and purchases are on account.
5.		Accounts payable pertain to merchandise suppliers.
6.		All operating expenses except for depreciation were paid in cash.

Prepare a statement of cash flows for Lowz Company using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

In: Accounting

The financial statements of Lowz Company appear below: LOWZ COMPANY Comparative Balance Sheet December 31 2020...

The financial statements of Lowz Company appear below:

LOWZ COMPANY Comparative Balance Sheet December 31
		*2020*		2019
	Assets
Cash		$36,000		$23,000
Accounts receivable		25,000		34,000
Merchandise Inventory		32,000		15,000
Property, plant, and equipment		50,000		78,000
Accumulated depreciation		(21,000	)	(24,000	)
Total		$122,000		$126,000
Liabilities and Stockholder's Equity
Accounts payable		$18,000		$23,000
Income taxes payable		9,000		8,000
Bonds payable		8,000		33,000
Common stock		28,000		24,000
Retained earnings		59,000		38,000
Total		$122,000		$126,000

LOWZ COMPANY Income Statement For the Year Ended December 31, 2020
Sales				$400,000
Cost of goods sold				270,000
Gross profit				130,000
Operating expenses				45,000
Income from operations				85,000
Interest expense				5,000
Income before income taxes				80,000
Income tax expense				24,000
Net income				$56,000

The following additional data were provided:
1.		Dividends declared and paid were $35,000.
2.		During the year, equipment was sold for $17,000 cash. This equipment cost $28,000 originally and had a book value of $17,000 at the time of sale.
3.		All depreciation expense is in the operating expenses.
4.		All sales and purchases are on account.
5.		Accounts payable pertain to merchandise suppliers.
6.		All operating expenses except for depreciation were paid in cash.

Prepare a statement of cash flows for Lowz Company using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

In: Accounting

App Problem 2-81 Preparing Reversing Entries Log b. Prepare an accruauustu ... Rona Company is a...

App Problem 2-81 Preparing Reversing Entries Log b. Prepare an accruauustu ... Rona Company is a calendar-year manufacturer. Rona is reviewing the following transactions for possibles ing entries at December 31, 2020. 1. One of Rona Company's liabilities is a 12%, 540,000 long-term note payable, which requires interes paid each March 1 and September 1. 2. Rona Company owns a $20,000, 10% bond, which it purchased at face value and which pays interest August 1 and February 1. 3. Rona Company performed and completed services for a customer in December for a $12,000 total fe: 1 customer was not billed and did not remit payment in the current year. The customer has a strong as rating. 4. Depreciation of $30,000 is to be recorded. 5. Salaries totaling $15,000 were earned but not paid or recorded at year-end. The first payroll in 200164 pected to total $45,000 6. Rona paid $4,800 cash for a one-year insurance policy on September 1, 2020. Rona records the full an! on September 1 as insurance expense. Required For each of the 6 items described above, provide the following: a. December 31, 2020, adjusting entry. b. January 1, 2021, reversing entry (if a reversing entry is not appropriate, explain why). c. Entry for the associated transaction to occur in 2021 if one is expected.
USCU Statement of income. 1. App-Problem 2-81 Preparing Reversing Rona Company is a calendar-year manufacturer. Rona is reviewing the following transactions for possible adjust- Entries Log ing entries at December 31, 2020. One of Rona Company's liabilities is a 12%, $40,000 long-term note payable, which requires interest to be paid each March 1 and September 1. 2. Rona Company owns a $20,000, 10% bond, which it purchased at face value and which pays interest each August 1 and February 1. 3. Rona Company performed and completed services for a customer in December for a $12,000 total fee. The customer was not billed and did not remit payment in the current year. The customer has a strong credit rating. 4. Depreciation of $30,000 is to be recorded. 5. Salaries totaling $15,000 were earned but not paid or recorded at year-end. The first payroll in 2021 is ex- pected to total $45,000. 6. Rona paid $4,800 cash for a one-year insurance policy on September 1, 2020. Rona records the full amount on September 1 as insurance expense. Required For each of the 6 items described above, provide the following: a. December 31, 2020, adjusting entry. b. January 1, 2021, reversing entry (if a reversing entry is not appropriate, explain why). c. Entry for the associated transaction to occur in 2021 if one is expected.

In: Accounting

Presented here are summarized data from the balance sheets and income statements of Wiper Inc.: WIPER...

Presented here are summarized data from the balance sheets and income statements of Wiper Inc.:

WIPER INC.
Condensed Balance Sheets
December 31, 2020, 2019, 2018
(in millions)
	*2020*		2019		2018
Current assets	$	798	$	1,031	$	893
Other assets		2,429		1,936		1,735
Total assets	$	3,227	$	2,967	$	2,628
Current liabilities	$	593	$	846	$	748
Long-term liabilities		1,611		1,079		946
Stockholders’ equity		1,023		1,042		934
Total liabilities and stockholders' equity	$	3,227	$	2,967	$	2,628

WIPER INC.
Selected Income Statement and Other Data
For the year Ended December 31, 2020 and 2019
(in millions)
	*2020*		2019
Income statement data:
Sales	$	3,066	$	2,929
Operating income		312		326
Interest expense		100		81
Net income		239		234
Other data:
Average number of common shares outstanding		42.9		48.3
Total dividends paid	$	66.0	$	53.9

If Wiper's stock had a price/earnings ratio of 12 at the end of 2020, what was the market price of the stock?
Calculate the cash dividend per share for 2020 and the dividend yield based on the market price calculated in part e.
Calculate the dividend payout ratio for 2020.
Assume that accounts receivable at December 31, 2020, totaled $325 million. Calculate the number of days' sales in receivables at that date.
Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019.
Calculate the times interest earned ratio for 2020 and 2019.

In: Accounting

Presented here are summarized data from the balance sheets and income statements of Wiper Inc.: WIPER...

Presented here are summarized data from the balance sheets and income statements of Wiper Inc.:

WIPER INC.
Condensed Balance Sheets
December 31, 2020, 2019, 2018
(in millions)
	*2020*		2019		2018
Current assets	$	722	$	949	$	803
Other assets		2,420		1,927		1,726
Total assets	$	3,142	$	2,876	$	2,529
Current liabilities	$	584	$	837	$	730
Long-term liabilities		1,544		1,006		874
Stockholders’ equity		1,014		1,033		925
Total liabilities and stockholders' equity	$	3,142	$	2,876	$	2,529

WIPER INC.
Selected Income Statement and Other Data
For the year Ended December 31, 2020 and 2019
(in millions)
	*2020*		2019
Income statement data:
Sales	$	3,057	$	2,920
Operating income		303		317
Interest expense		91		72
Net income		212		207
Other data:
Average number of common shares outstanding		42.0		47.4
Total dividends paid	$	57.0	$	53.0

If Wiper's stock had a price/earnings ratio of 12 at the end of 2020, what was the market price of the stock?
Calculate the cash dividend per share for 2020 and the dividend yield based on the market price calculated in part 1
Calculate the dividend payout ratio for 2020.
Assume that accounts receivable at December 31, 2020, totaled $316 million. Calculate the number of days' sales in receivables at that date.
Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019.
Calculate the times interest earned ratio for 2020 and 2019.

In: Accounting

Problem 8-80A Ratio Analysis Consider the following information taken from GER's financial statements: September 30 (in...

Problem 8-80A
Ratio Analysis

Consider the following information taken from GER's financial statements:

	September 30 ^{(in thousands)}
	*2020*	2019
Current assets:
Cash and cash equivalents	$1,274	$6,450
Receivables	30,071	16,548
Inventories	31,796	14,072
Other current assets	4,818	2,620
Total current assets	$67,959	$39,690
Current liabilities:
Current portion of long-term debt	$97	$3,530
Accounts payable	23,124	11,228
Accrued compensation costs	5,606	1,929
Accrued expenses	9,108	5,054
Other current liabilities	874	777
Total current liabilities	$38,809	$22,518

Also, GER's operating cash flows were $12,829 and $14,874 in 2020 and 2019, respectively.

Required:

Round your answers to two decimal places.

1. Calculate the current ratios for 2020 and 2019.

	Current Ratio
2020
2019

2. Calculate the quick ratios for 2020 and 2019.

	Quick Ratio
2020
2019

3. Calculate the cash ratios for 2020 and 2019.

	Cash Ratio
2020
2019

4. Calculate the operating cash flow ratios for 2020 and 2019.

	Operating Cash Flow Ratio
2020
2019

5. Conceptual Connection: What are some reasons why GER's liquidity may be considered to be improving and some reasons why it may be worsening?

GER’s liquidity appears to hold constant when one looks only at the quick ratio . However, because the receivables and inventories may not be easily converted to cash, the liquidity of GER may be worsening.

In: Accounting

Company A sells paper coffee cups to all Doutor Coffee locations in Japan. Company B sells...

Company A sells paper coffee cups to all Doutor Coffee locations in Japan. Company B sells dinner plates to all Saizeryia restaurants in Japan. Company A charges $1 for a pack of 100 cups and Company B charges $3 for 1 dinner plate. Tell us exactly what information you would need to determine whether Company A or Company B has higher annual revenue and explain how you would calculate these two figures.

In: Finance

Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume...

Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.)

1) Acquired $1,100 cash from the issue of common stock.
2) Borrowed $570 from a bank.
3) Earned $750 of revenues cash.
4) Paid expenses of $280.
5) Paid a $80 dividend.

During Year 2, Packard engaged in the following transactions. (Assume all transactions are cash transactions.)

1) Issued an additional $475 of common stock.
2) Repaid $325 of its debt to the bank.
3) Earned revenues of $900 cash.
4) Incurred expenses of $420.
5) Paid dividends of $130.

What is the amount of Packard Company's net cash flow from financing activities for Year 2?

Net outflow of $455.
Net outflow of $325.
Net inflow of $345.
Net inflow of $20.

In: Accounting