What would you have done if you were the CEO of Target in 2013, the Director of the Federal Government’s Office of Personnel Management (OPM) in 2015, or the CEO of Equifax in 2017 at the time that their respective data security breaches were discovered (note what all these breaches have in common)? Is it OK for a victimized organization or government agency to “hack back”? What are the dangers?

Answer discussion style.

Pepper Company acquired 80 percent of Salt Company's stock at underlying book value on January 1, 2018. Pepper Company acquired 80 percent of Salt Company's stock at underlying book value on January 1, 2018. At that date, Salt reported common stock outstanding of $1,050,000 and retained earnings of $840,000; the fair value of the noncontrolling interest was equal to 20 percent of the book value of Salt Company. Salt Co. sold equipment to Pepper Co. for a $720,000 on December 31, 2018. Salt Co. had originally purchased the equipment for $800,000 on January 1, 2015, with a useful life of 10 years and no salvage value. At the time of the purchase, Pepper Co. estimated that the equipment still had the same remaining useful life. Both companies use straight-line depreciation.
Pepper sold land costing $132,000 to Salt Company on June 28, 2019, for $178,000.

Textbook: Custom edition of Advanced Financial Accounting,12th Edition, Christensen, Cottrell and Budd; Mc-Graw Hill.

Required:

1. Prepare Pepper’s journal entries related to intercompany sale for 2019 to account for the investment in Salt.
2. Prepare the consolidation entries that related to intercompany sale of land for 2019.
3. Prepare the consolidation entries that related to intercompany sale of equipment for 2019.
4. Assume S reported net income of $35,000 and dividends of $7,000 for each year of 2018 and 2019. Calculate Pepper’s investment account on December 31, 2019.

Part 2 - Scenario:

You are the manager of a hospital’s ER unit. Your CEO has heard that people have been criticizing the hospital’s wait time for ER services. Your CEO has asked you to present information on wait times at the ER to the hospital board of trustees and administrators. You requested data from your IT team on the wait times for recent ER visits (that is the data included in the excel sheet). Following the question prompts below, answer each of these questions to prepare a report that communicates your finding to your CEO, interprets the findings, and discussed the implications of the findings.

• Purpose: Identify the purpose of the analysis in this section. What questions do you hope to answer?
• Importance: State and explain the importance of this analysis to the department/organization. How will the findings be used?
• Methodology: State the statistical method used in this section.
• Findings: Copy and Paste all relevant output from Excel into this section (decide which output you think is relevant to include such as tables and charts). State your major findings from the included tables/charts.
• Interpretations/Implications: Discuss what the department/organization needs to do based on the findings.

8) On April 1, the Prakash Corporation issued 20,000 shares of $2 par value common stock at $23 per share. Please write the journal entry:




9) On April 10, a company acquired land in exchange for 1,000 shares of $20 par common stock with a current fair-market price of $66 per share. Please write the journal entry:

21 Equipment acquired on October 1, 2017, at a cost of $600,000 has an estimated useful life of 8 years. The residual value is estimated to be $80,000 at the end of the equipment's useful life. The company has a December 31 year end.

Instructions

Calculate the depreciation expense for December 31, 2017 and 2018 using:

         (a)           the straight-line method.

         (b)          the double diminishing-balance method.

Amaretta Company (a U.S.-based company) ordered merchandise from a foreign supplier on November 20 at a price of 1,070,000 rupees when the spot rate was $0.050 per rupee. Delivery and payment were scheduled for December 20. On November 20, Amaretta acquired a call option on 1,070,000 rupees at a strike price of $0.050, paying a premium of $0.001 per rupee. The company designates the option as a fair value hedge of a foreign currency firm commitment. The fair value of the firm commitment is measured by referring to changes in the spot rate. The option’s time value is excluded from the assessment of hedge effectiveness, and the change in time value is recognized in net income. The merchandise arrives, and Amaretta makes payment according to schedule. Amaretta sells the merchandise by December 31, when it closes its books.

1. Assuming a spot rate of $0.053 per rupee on December 20, prepare all journal entries to account for the foreign currency option, foreign currency firm commitment, and purchase of inventory.

2. Assuming a spot rate of $0.048 per rupee on December 20, prepare all journal entries to account for the foreign currency option, foreign currency firm commitment, and purchase of inventory.

A lift accelerates upwards from rest to a speed of 5.5 m s−1 in a certain time, ∆t. At that time, the ratio of its kinetic energy to the gravitational potential energy it has acquired is 0.33. What is the value of the time interval, ∆t?

The table below shows the quantity demanded and supplied in the labor market for economics professors at the I'MaState University, where all the professors belong to a union.

Annual Salary

Quantity of workers demanded

Quantity of workers supplied

$50,000

95

20

$60,000

80

30

$70,000

65

40

$80,000

50

50

$90,000

35

60

$100,000

20

70

1. If no union existed, the equilibrium salary for economics professors at I'MaState University, will be .

2. If the union has enough negotiating power to raise the annual salary by $20,000 more than a non-unionized university would be willing to pay, then there will be excess of labor of economics professors at I'MaState University.

3. Economics professors and economic consultants are perfect substitutes. If the union negotiates an annual salary increase for economics professors at I'MaState University that is $20,000 higher than the market wage rate for economic consultants, then the of economic consultants will . This will result in the market wage rate for economic consulting positions to and the quantity of economic consultants employed to

The university would like to conduct a study to estimate the true proportion of all university students who have student loans. According to the study, in a random sample of 215 university students, 86 have student loans.

(a) Construct a 99% confidence interval for estimating the true proportion of all university students who have student loans (2 marks)

(b) Provide an interpretation of the confidence interval in part (a). (1mark)

(c) Conduct an appropriate hypothesis test, at the 1% level of significance to test the claim that more than 30% of all university students have student loans.

1. Provide the hypothesis statement

2. Calculate the test statistic value

3. Determine the probability value

Note: if you need to use symbols , please use

• "u" for population mean "μ",

• Ho and Ha for  for the null and alternate hypothesis,

• "Y-hat" for "ŷ", "alpha" for α

Please provide your answers to the above questions by typing your answers using simple text. You need not show the work in detail.