Coney Island Entertainment issues $1,500,000 of 5% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.
Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:
2. The market interest rate is 6% and the bonds issue at a discount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.)
In: Accounting
Coney Island Entertainment issues $1,500,000 of 5% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.
Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:
3. The market interest rate is 4% and the bonds issue at a premium. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.)
In: Accounting
Coney Island Entertainment issues $1,200,000 of 6% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.
The market interest rate is 7% and the bonds issue at a discount. (FV of $1, PV of $1, FVA of $1, and PVA of $1
Issued price?
|
3. The market interest rate is 5% and the bonds issue at a premium. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)
Issued price?
|
In: Accounting
Coney Island Entertainment issues $1,500,000 of 6% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.
Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:
Required:
1. The market interest rate is 6% and the bonds issue at face amount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)
2. The market interest rate is 7% and the bonds issue at a discount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)
3. The market interest rate is 5% and the bonds issue at a premium. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)
In: Accounting
In: Economics
Kilgors have three different divisions: Wine Division; Hotels Division; and Entertainment Division. Your role is to prepare a balanced scorecard for the Wine Division to help managers evaluate performance.
1. Within the simulation, you selected the different BSC measures. On the table below, place a cross next to the measures you selected. Draw lines to demonstrate the cause and effect linkages between the measures that you have identified.
[2 Marks]
|
FINANCIAL |
CUSTOMER |
|
Return on investment |
Discounts and rebates as a % of gross sales |
|
Discounts and rebates as a % of gross sales |
Net revenue growth by customers |
|
Total cost of goods sold per case |
Customer satisfaction index |
|
WD operating income/divisional profit |
Market share |
|
Gross margin % per wine case |
Quality index |
|
Share price |
Brand awareness performance |
|
Net sales generated by new products in the last two years |
Wine industry awards |
|
Net revenue growth by customer |
Average dispute resolution time |
|
EBITDA |
|
|
Free Cash Flow |
|
|
INTERNAL BUSINESS PROCESSES |
LEARNING AND GROWTH |
|
Days inventory on hand (DIOH) |
Employee engagement index |
|
Production waste and scrap |
Employee safety (LTIFR) |
|
Operating equipment effectiveness |
Training and development hours per employee |
|
Schedule attainment |
Rate of employee participation in community engagement projects |
|
Employee safety (LTIFR) |
Net sales generated by new products in the last two years |
|
Rate of employee participation in community engagement projects |
Knowledge sharing within the division |
|
Quality index |
Regrettable turnover ratio |
|
Sustainability: total carbon emissions |
|
|
Sustainability: energy efficiency |
|
|
Sustainability: water efficiency |
3.For each of the three (3) decision scenarios in the case, outline the reasons for your choices. What happened to each of the measures as a result of these choices? Explain using example of measures that changed colour.
[5+5+5 = 15 Marks]
SCENARIO 1
SCENARIO 2
SCENARIO 3
4. outline some of your main reflections on the experience? i.e would you have selected different measures? Why? Are their alternative measures that you would have used instead? Is the Kilgors BSC you developed a sueful enabling control tool? Why
In: Accounting
Kudos Entertainment Inc. has enough capital to choose only one of the two proposed short term projects: SunFun and MoonJoy. The cash flows for each project are shown below. The CFO of this company graduated from a program in which it was taught that the project with higher IRR is always the preferred one. If the company makes investment based on this decision rule, how much value will be forgone?
WACC: 5%
Year 0 1 2 3 4
CFSunFun -$2,000 $20 $20 $20 $3150
CFMoonJoy -$2,500 $30 $30 $30 $3800
| A. |
$51.67 |
|
| B. |
$61.99 |
|
| C. |
$55.36 |
|
| D. |
$54.29 |
|
| E. |
$66.79 |
In: Finance
Coney Island Entertainment issues $1,400,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year.
Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:
Required:
1. The market interest rate is 6% and the bonds issue at face amount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)
2. The market interest rate is 7% and the bonds issue at a discount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)
Required information
3. The market interest rate is 5% and the bonds issue at a premium. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)
In: Accounting
True Technology Co. manufactures CDs and DVDs for computer software and entertainment companies. True uses job order costing. On September 2, True began production of 5,000 DVDs, Job 423, for Paradigm Pictures for $ 1.80 sales price per DVD. True promised to deliver the DVDs to Paradigm Pictures by September 5. True incurred the following costs:
Date Labor Time Record No. Description Amount
9/02 655 10 hours @ $14 per hour $140
9/03 656 20 hours @$13 per hour $260
Date Materials Requisition No. Description Amount
9/02 63 31 lbs. Polycarbonate Plastic @ $12 per lb. $372
9/02 64 25 lbs. Acrylic Plastic @ $29 per lb. $725
9/03 74 31 lbs. Refined Aluminum @ $42 per lb. $126
|
1. |
Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate; then allocate manufacturing overhead to the job. |
|
2. |
Journalize in summary form the requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423. Wages are not yet paid. |
|
3. |
Journalize completion of the job
and the sale of the
5 comma 0005,000 DVDs on account. |
In: Accounting
Suppose that the major music recording company Sony BMG Music Entertainment
(Sony BMG) has announced that it plans to hire several college students to form a team that will invest in the “next big things in music.” The selected students will be paid $50,000 per year for working part-time. Sony BMG will also allocate up to $10 million for hiring artists, producing records, and so on based on the team’s recommendations.
The new team has been dubbed the Top Wave Team (TWT). If TWT’s recommendations are fruitful, the company will sign each member of the team to $150,000 full-time contracts. The company also plans to keep the team together and to give its members bonuses and promotions based on their group performance. The class has been chosen as the representative college class. The music company is now asking the class to form affinity groups by musical preferences (e.g., a country music group, an urban/hip-hop group). Each group will nominate one of its members to receive the first $50,000 internship as a TWT team member at Sony BMG. The new TWT group will meet and discuss initial plans and investment recommendations, and then the class will discuss the process and outcomes.
Identify yourself with one of the following musical genres based on (a) preference/affinity (i.e., “I prefer this music”) and (b) knowledge/understanding (i.e., “Of all types of music, I know the most about ____ music/musicians”):
|
___ 1. Rock |
__a_ 6. Jazz/R&B |
|
___ 2. Country |
___ 7. Pop/Mainstream |
|
___ 3. Religious/Spiritual |
___ 8. Classical |
|
___ 4. Urban/Hip-Hop |
___ 9. Folk/Bluegrass |
|
___ 5. Electronic |
Other: ____________ (please identify)
2.Discuss what is important about your type of music and what investments should be made by the TWT team. Keep in mind that the investments made by the TWT team could have a big impact on the future of your favorite music. Recommend a dollar amount or percentage of the $10 million that a representative of your genre in the team ought to secure for investment in it.
3.Now imagine you are nominated to be part of the TWT group as that representative of your favorite genre. Your teammates have strong backgrounds/interests in other genre groups. How might you and your teammates from the rest of the TWT group allocate investment by genre given your differences?
4.Is there a connection between musical interests and cultural affinity? Might you sense some cultural affinity with others who share your musical tastes? Why, or why not?
In: Operations Management