Red Line Railroad Inc. has three regional divisions organized as profit centers. The chief executive officer (CEO) evaluates divisional performance, using income from operations as a percent of revenues. The following quarterly income and expense accounts were provided from the trial balance as of December 31:

The company operates three service departments: Shareholder Relations, Customer Support, and Legal. The Shareholder Relations Department conducts a variety of services for shareholders of the company. The Customer Support Department is the company’s point of contact for new service, complaints, and requests for repair. The department believes that the number of customer contacts is an activity base for this work. The Legal Department provides legal services for division management. The department believes that the number of hours billed is an activity base for this work. The following additional information has been gathered:

Quarterly Income Statements

1. Prepare quarterly income statements showing income from operations for the three divisions. Use three column headings: East, West, and Central.

2. Compute the profit margin for each division. Enter percentage rounded two decimal places (e.g. .22547 is 22.55%).

1. The NetCare Company, which operates assisted-living facilities, is planning to issue or sell shares of stock to accredited investors. Briefly explain whether each of the following individuals would qualify as an “accredited investor” under the SEC’s Reg. D. [Note: Materials in Appendix B are useful in answer this exercise.]
   1. Amy Smith is the chief executive officer (CEO) of NetCare Company.
   2. Bruce Jones, who has a net worth of $750,000 , is planning to purchase shares of stock to be issued by NetCare Company.
   3. Jean Wu also is considering purchasing shares of stock that will be issued by NetCare Company. Jean’s annual income has been $250,000 in each of the past two years, and she expects to have a comparable amount of income next year.
   4. James Shastri is a software programmer for NetCare Company.
   5. Julie Kukoc recently inherited some financial assets and now has a net worth of $2 million with an annual income of $35,000.

During the 2^ndquarter of 2016 (June 2016 – August 2016) Ping-Pong Industries (located at 535 Main Street, Brentwood, NY 11717; Sales Tax ID# 44455566677) had total sales of $126,000. Of this amount, $21,000 were non-taxable. All of the sales were made in Suffolk County, and the company does not report gross credit card and debit card sales. This is not the final sales tax return for the company, and the company pays the sales tax amount that is due when filing the form. The company does not use a third-party designee, and prepares the sales tax forms on its own. The forms are signed by Alton Thompson, the CEO of the company (phone number: 631-555-8476, no e-mail address), and are filed on the due date for the form.

Based on the instructions that have been provided for Form ST-100, complete Form ST-100 of Ping-Pong Industries for the 2^ndquarter of the year.

Receivables can also be used to analyze the financial health of a company. Research the Accounts Receivable Turnover ratio for TWO companies in the same industry. Report back the ratios for these companies. Analyze these ratios and tell us, based only on this information, what company is in a better financial position. Is this what you expected, why or why not?

Consider a hypothetical US company who is considering its expansion in India (soft drink company)

Need the below information about India which characterstics of labour force in terms of size and unemployment rate.

Labour Force

a)Size

b)Unemployment rates

:250 words

No copy please.Use your own words.

1. In New York, a can of coffee costs about $5 and in Saudi Arabia, it costs about 20 Saudi Riyals. If the exchange rate is about 0.27 dollars per riyal, what is the real exchange rate?
2. Analyze the impact of Saudi Riyal appreciation in US dollar for each of the following cases
   1. A US firms plans to invest in Saudi Arabia

2. You are planning to visit USA in summer holidays ​​​​​​

Explain what will happen to the size of both M1 and M2 in each of the following situations:

1. Sahar withdraws $300,000 from her checking account to pay for her admission fee in US.
2. Muntaha transfers $5,000 from her checking account to her saving account. decrease M1 and not change M2.

Problem 8-07A (Video)

On January 1, 2020, Harter Company had Accounts Receivable $139,000, Notes Receivable $25,000, and Allowance for Doubtful Accounts $13,200. The note receivable is from Willingham Company. It is a 4-month, 9% note dated December 31, 2019. Harter Company prepares financial statements annually at December 31. During the year, the following selected transactions occurred.

Journalize the transactions. (Omit cost of goods sold entries.) (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)