Interview 1:
Utilizing the internet, friend, relative or personal connection; find a Financial Advisor; Certified Financial Planner or someone in the Financial Services Industry. Ask for his or her assistance for the next month or week. Your assignment is to interview this person and get their opinion on the following topics.
1. Describe a comprehensive financial plan.
2.What steps can be taken to ensure the success of a financial plan?
3. Explain how the plan utilized the time value of money. What areas was this concept applicable? Was it used in retirement planning, college funding estate planning or any other area of financial planning.
4.What are the some of the benefits of home ownership?
5. What are some of the impacts of low interest rates?
6. Please pose this hypothetical question to the interviewee: " I want to buy a car. What should be my concerns?"
In: Finance
Please be sure to validate your opinions and ideas with citations and references in APA format.
In: Computer Science
You have a job that you really dislike. You have just gone to interview for a job that you really like, and the interview went well, but the result will not be known until a month later, and there is no way you can find out any more information about it before then. In the meantime, another employer offers you a job that is better than your current job, but it demands your acceptance in a week or the offer will be withdrawn forever. Clearly describe how do you can use decision tree analysis and utility theory to help you make the decision about the offer that is better than your current job but not as good as the job you really like. Your answer should be a set of instructions or a computational procedure that the decision-maker can follow with an example.
1. CLEARLY STATE A QUANTITATIVE PROCEDURE USING THE DECISION TREE ANALYSIS AND UTILITY THEORY.
In: Computer Science
The following condensed income statements of the Jackson Holdings company are presented for the two years ended December 31, 2021 and 2020.
2021 2020
Sales Revenue $15,900,00 $10,500,000
Cost of goods sold 9,650,000 6,450,000
Gross profit 6,250,000 4,050,000
Operating expenses 3,560,000 2,960,000
operating income 2,690,000 1,090,000
gains on sale of divison 690,000 -
3,380,000 1,090,000
Income tax expenses 845,000 272,500
Net income 2,535,000 817,500
On October 15, 2021 Jackson entered into a tentative agreement to seel all the assets of one of its divisons. the divison qualifies as a component of an entity as defined by GAAP. the division was sold on december 31, 2021 for $5,270,000. Book value of the divisions assets was $4,580,000. The division's contribution to Jackson's operating income before-tax for each year was as follows:
2021 $445,000
2020 $345,000
Assume an income tax rate of 25%
Required
1. Prepare revised income statements according to GAAP, beginning with income from continuing operations before income taxes, Ignore EPS disclosures.
2. Asume that by december 31,2021 the divions had not yet been sold but was considered held for sale. The fair value of the divisons assets on december 31 was $5,270,000. prepare revised income statements accoring to GAAP, beginning with income from continuing operations before income taxes. ignore EPS disclosures.
3. Assume that by december 3, 2021, the division had not yet been sold but was considered held for sale. The fair value of the divisions asets on December 31 was $3,990,000. Prepare revised income statements according to GAAP, beginning with income from continuing operations before income taxes, ignore EPS disclosures.
In: Accounting
The following condensed income statements of the Jackson Holdings company are presented for the two years ended December 31, 2021 and 2020.
2021 2020
Sales Revenue $15,900,00 $10,500,000
Cost of goods sold 9,650,000 6,450,000
Gross profit 6,250,000 4,050,000
Operating expenses 3,560,000 2,960,000
operating income 2,690,000 1,090,000
gains on sale of divison 690,000 -
3,380,000 1,090,000
Income tax expenses 845,000 272,500
Net income 2,535,000 817,500
On October 15, 2021 Jackson entered into a tentative agreement to seel all the assets of one of its divisons. the divison qualifies as a component of an entity as defined by GAAP. the division was sold on december 31, 2021 for $5,270,000. Book value of the divisions assets was $4,580,000. The division's contribution to Jackson's operating income before-tax for each year was as follows:
2021 $445,000
2020 $345,000
Assume an income tax rate of 25%
Required
1. Prepare revised income statements according to GAAP, beginning with income from continuing operations before income taxes, Ignore EPS disclosures.
2. Asume that by december 31,2021 the divions had not yet been sold but was considered held for sale. The fair value of the divisons assets on december 31 was $5,270,000. prepare revised income statements accoring to GAAP, beginning with income from continuing operations before income taxes. ignore EPS disclosures.
3. Assume that by december 3, 2021, the division had not yet been sold but was considered held for sale. The fair value of the divisions asets on December 31 was $3,990,000. Prepare revised income statements according to GAAP, beginning with income from continuing operations before income taxes, ignore EPS disclosures.
In: Accounting
Select someone in a leadership position at your organization or at a local company where you might seek employment. This individual could be a director, manager, supervisor, or CEO of the organization.
Write a 1,050-word profile of the individual that you interviewed for your company's newsletter, and include the following:
Identify the individual and their position within the company, and briefly describe the organization.
Interpret the individual's leadership style based on the Five-Factor personality model, and offer one or more examples of the management and leadership roles of this individual.
Explain one incident where this individual had to solve a difficult problem or situation because things did not go as planned.
Describe the lessons that she/he learned from being able to problem solve, even when what she/he had been taught did not work.
Format your profile in the form of a newsletter (the final format may vary depending upon the company's style; please feel free to use either the provided template or to check the Internet or Microsoft® Word for additional newsletter templates).?
Click the Assignment Files tab to submit your assignment.
In: Accounting
A large number of cattle are found to have mad cow disease and as a result, consumer confidence in the safety of beef is shaken. What would an economist predict will happen to the demand curve of beef?
| A. |
Consumers will move to a point lower down the beef demand curve. |
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| B. |
There will be an upward movement along the beef demand curve. |
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| C. |
The beef demand curve will shift to the left. |
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| D. |
The beef demand curve will shift to the right. 2- Assume that at maximum hourly productions levels, the United States can produce either 8 yards of fabric or 4 bushels of wheat, whereas Japan can produce either 5 yards of fabric or 6 bushels of wheat. Based on this information,
|
In: Economics
A large number of cattle are found to have mad cow disease and as a result, consumer confidence in the safety of beef is shaken. What would an economist predict will happen to the demand curve of beef?
| A. |
Consumers will move to a point lower down the beef demand curve. |
|
| B. |
There will be an upward movement along the beef demand curve. |
|
| C. |
The beef demand curve will shift to the left. |
|
| D. |
The beef demand curve will shift to the right. |
1 points
QUESTION 7
Assume that at maximum hourly productions levels, the United States can produce either 8 yards of fabric or 4 bushels of wheat, whereas Japan can produce either 5 yards of fabric or 6 bushels of wheat. Based on this information,
| A. |
both nations will gain from specialization and trade, with the US exporting wheat to Japan, and Japan exporting fabric to the US. |
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| B. |
the United States will benefit from trading but Japan will not. |
|
| C. |
both nations will gain from specialization and trade, with the US exporting fabric to Japan, and Japan exporting wheat to the US. |
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| D. |
beneficial trade is impossible between the two countries. |
In: Economics
In: Accounting
Xenia Distribution, Incorporated
Xenia Distribution, Incorporated is a privately-held company operating in Ohio since 1990. Xenia makes all of its sales to customers on a credit basis, requiring payment within 30 days. Xenia uses the allowance method to estimate the amount currently uncollectible for its accounts receivable. During 2020, Xenia recorded a monthly provision of 1% of credit sales of as an estimate for uncollectible accounts receivable. However, at year-end, an aging of accounts receivable is prepared and the allowance for uncollectible accounts is adjusted based on an analysis of that aging. At December 31, 2019, the adjusted balance of the allowance for uncollectible accounts was $31,900, and the balance of accounts receivable was $282,400.
During 2020, Xenia wrote-off $23,400 of customer accounts that were deemed to be uncollectible, due to customers declaring bankruptcy or experiencing financial difficulties so severe that extensive collection efforts were not successful. One customer’s account with a $9,200 balance, which had been written-off in August 2018, was subsequently collected from the customer in July 2020. Xenia maintained the same monthly provision of 1% of credit sales throughout all of 2020. Monthly credit sales for 2020 are as follows:
January 77,700
February 89,400
March 55,200
April 38,900
May 47,500
June 63,400
July 99,200
August 92,300
September 87,800
October 82,900
November 84,300
December 81,400
Total cash collections of accounts receivable during 2020 (not including the collection of the previously written-off account) were $859,000.
In preparation for its year-end closing process, Xenia’s controller prepared the following aging of accounts receivable as of December 31, 2020, assigning probabilities of collection based on discussions with Xenia’s credit manager:
Percentage of
Age of Account Receivable Accounts Receivable Probability of Collection
0-30 days past due 75% 95%
31-60 days past due 15% 85%
61-90 days past due 6% 70%
Greater than 90 days past due 4% 10%
Requirements
a) Prepare an analysis computing the unadjusted balance in the allowance for uncollectible accounts as of 12/31/20.
b) Prepare the year-end adjusting journal entry to record bad debt expense based on the
December 31, 2020 aging of accounts receivable.
Anyone know how to do it in a Excel?
In: Accounting