One of the main purposes of minimum wage legislation is to protect non-unionized workers in jobs requiring minimal skill levels. A minimum wage creates a "floor" above which employees or their unions may negotiate with the management for higher pay rates. In1970, Ontario's minimum wage was set at $1.50 per hour. On January 1, 2018, the minimum wage rate in Ontario increased to $14 dollars per hour and was promised to rise to $15 dollars per hour thereafter. It is estimated that 10% of the provinces workforce is paid the minimum wage rate.

In early 2018, media outlets reported protestsThat occurred at various Tim Horton's outlets in OntarioOver action by franchise owners to deal with rising labor costs. Union officials noted Employee accounts of losing paidBreaks and having to buy their own uniforms after the new minimum wage rates went into effect. The Ontario Federation of Labour (OFL) Called for a National Day of Action in January 2018, saying that it was mobilizing concerned members of the labour movement, including the "Fight for $15," the Canadian Labour Congress and labour federations across Canada, to protest such actions in response to minimum wage increases.  

Protest against actions taken by Tim Horton's and many of its franchisees were held in over 20 Ontario communities with the support of the Ontario Public Service Employees Union, Labour councils and other action-based worker agencies. Similar protest occurred in British Columbia, Nova Scotia and Saskatchewan.

Over 20 representatives from various labor councils gathered at a Tim Horton's location in Windsor, Ontario to protest. An OFL representative stated that she and other union representatives were there to show the workers that the labour movement and the community where there to support them and make sure they were treated with respect. Another union leader said if there was a union steward present in such a situation, steps would have been taken to resolve employee concerns. Many of the workers felt afraid to raise their concerns with management due to a fear of being fired.

There was no report of how many union organizers might have been at these rallies trying to gain support among the employees to join a union.

As an HR leader at Tim Horton's corporate office, what steps would you suggest to senior management to successfully handle this situation and hopefully avoid the employees joining a union?

1/ On November 1, 2018, Jamison Inc. adopted a plan to discontinue its barge division, which qualifies as a separate component of the business according to GAAP regarding discontinued operations. The disposal of the division was expected to be concluded by April 30, 2019. On December 31, 2018, the company's year-end, the following information relative to the discontinued division was accumulated:

In its income statement for the year ended December 31, 2018, Jamison would report a before-tax loss on discontinued operations of:

Multiple Choice

• $56 million.

• $148 million.

• $160 million.

• $68 million.

2/ During its 2018 fiscal year, Jacobsen Corporation reported before-tax income of $629,000. This amount does not include the following two items, both of which are considered to be material in amount:

The company's income tax rate is 20%.

Jacobsen Corporation prepares its financial statements applying U.S. GAAP. In its 2018 income statement, Jacobsen would report income from continuing operations of:

Multiple Choice

• $670,400.

• $503,200.

• $423,200.

• $629,000.

3 During its 2018 fiscal year, Jacobsen Corporation reported before-tax income of $639,000. This amount does not include the following two items, both of which are considered to be material in amount:

The company's income tax rate is 40%.

Jacobsen Corporation prepares its financial statement applying International Financial Reporting Standards (IFRS). In its 2018 income statement, Jacobsen would report income from continuing operations of:

Multiple Choice

• $383,400.

• $323,400.

• $639,000.

• $514,800.

No explanation needed.

Inc. makes and sells a single snowboard model, the Titan. Fullerton’s CEO expects to sell 3,910 snowboards at an estimated retail price of $1,320 per board during 2018. In the fall of 2017, Fullerton gathered the following data to prepare budgets for 2018:

​

CEO expects to sell 3,910 snowboards during 2018 at an estimated retail price of

$ 1,320 per board.​ Further, the CEO expects 2018 beginning inventory of 700 snowboards and would like to end 2018 with 900 snowboards in stock. The inventoriable unit cost for beginning finished goods inventory on January 1, 2018 ​is ​$230.00.

Data pertaining to the direct materials inventories are as follows:

Variable manufacturing overhead is $20 per direct labor-hour. There are also $28,770 in fixed manufacturing overhead cots budgeted for 2018. Both variable and fixed overhead costs are allocated based on direct manufacturing labor-hours.

Other data include the following:

1.What is the total direct manufacturing labor costs budget?

Group of answer choices

$1,006,950

$882,980

$908,950

$978,180

2.What are total manufacturing overhead costs?

Group of answer choices

$604,170

$548,170

$110,970

$102,970

3.What is the cost of target ending inventories of finished goods?

Group of answer choices

$965,200

$1,167,300

$978,300

$1,116,900

4.What is the budgeted cost of goods sold for 2018?

Group of answer choices

$4,369,470

$4,508,070

$4,319,070

$4,521,170

Financial information for Mario Ltd is presented here.

Additional information:

1. Inventory at the beginning of 2018 was $350,000.
2. Receivables at the beginning of 2018 were $80,000, net of an allowance for doubtful debts account of $3,000.
3. Total assets at the beginning of 2018 were $1,175,000.
4. No share capital transactions occurred during 2018 or 2019.
5. All sales were on account.

Required

1. Please calculate the following ratios, for 2019 and 2018, using the information from Mario Ltd:

• Liquidity: Current, Quick, Receivables Turnover, and Inventory Turnover.
• Profitability: Profit Margin, Asset Turnover, Return on Assets, and Earnings Per Share.

2. Based on your calculations, explain the changes in liquidity and profitability of Mario Ltd from 2018 to 2019. That is, has each ratio improved/declined, and what does this movement mean?
3. How can Mario Ltd improve their Receivables Turnover and their Inventory Turnover?

On January 1, 2018, Ivanhoe Corp. had 482,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.

Part 1

Determine the weighted-average number of shares outstanding as of December 31, 2018.

Part 2

Assume that Ivanhoe Corp. earned net income of $3,395,000 during 2018. In addition, it had 105,000 shares of 10%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2018. Compute earnings per share for 2018, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. $2.55.)

Part 3

Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)

Part 4

Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $436,000 (net of tax). Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)

Herbert, Inc., acquired all of Rambis Company’s outstanding stock on January 1, 2017, for $599,000 in cash. Annual excess amortization of $17,000 results from this transaction. On the date of the takeover, Herbert reported retained earnings of $486,000, and Rambis reported a $220,000 balance. Herbert reported internal net income of $41,000 in 2017 and $55,600 in 2018 and declared $10,000 in dividends each year. Rambis reported net income of $27,500 in 2017 and $42,100 in 2018 and declared $5,000 in dividends each year.

a. Assume that Herbert’s internal net income figures above do not include any income from the subsidiary.

If the parent uses the equity method, what is the amount reported as consolidated retained earnings on December 31, 2018?

What would be the amount of consolidated retained earnings on December 31, 2018, if the parent had applied either the initial value or partial equity method for internal accounting purposes?

b. Under each of the following situations, what is the Investment in Rambis account balance on Herbert’s books on January 1, 2018?

The parent uses the equity method.

The parent uses the partial equity method.

The parent uses the initial value method.

c. Under each of the following situations, what is Entry *C on a 2018 consolidation worksheet?

The parent uses the equity method.

The parent uses the partial equity method.

The parent uses the initial value method.

Prepare entry *C if the parent used the equity method.

Prepare entry *C if the parent used the partial equity method.

Prepare entry *C if the parent used the initial value method.

QS 12-19 Indirect: Preparing statement of cash flows LO P1, P2, P3

Additional Information

No dividends are declared or paid in 2018.

Issued additional stock for $11,900 cash in 2018.

Purchased equipment for cash in 2018; no equipment was sold in 2018.

1. Use the above financial statements and additional information to prepare a statement of cash flows for the year ended December 31, 2018, using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)
  

McBurger, Inc., wants to redesign its kitchens to improve productivity and quality. Three​ designs, called designs​ K1, K2, and​ K3, are under consideration. No matter which design is​ used, daily production of sandwiches at a typical McBurger restaurant is for

500

sandwiches. A sandwich costs

$1.30

to produce.​ Non-defective sandwiches​ sell, on the​ average, for

$2.50

per sandwich. Defective sandwiches cannot be sold and are scrapped.

The goal is to choose a design that maximizes the expected profit at a typical restaurant over a​ 300-day period. Designs​ K1, K2, and K3 cost

$100,000​,

$130,000​,

and

$180,000​,

respectively.

Under design​ K1, there is a .80 chance that 90 out of each 100 sandwiches are​ non-defective and a .20 chance that 70 out of each 100 sandwiches are​ non-defective. Under design​ K2, there is a .85 chance that 90 out of each 100 sandwiches are​ non-defective and a .15 chance that 75 out of each 100 sandwiches are​ non-defective. Under design​ K3, there is a .90 chance that 95 out of each 100 sandwiches are​ non-defective and a .10 chance that 80 out of each 100 sandwiches are​ non-defective.

The expected profit level of design K1 is

​$nothing.

​(Enter

your response as a real number rounded to two decimal

places.​)

The expected profit level of design K2 is

​$nothing.

​(Enter

your response as a real number rounded to two decimal

places.​)

The expected profit level of design K3 is

​$nothing.

​(Enter

your response as a real number rounded to two decimal

places.​)

What is the expected profit level of the design that achieves the maximum expected​ 300-day profit​ level?

Design

▼

K1

K2

K3

achieves the maximum expected​ 300-day profit​ level, with a profit of

​$nothing.

​(Enter

your response as a real number rounded to two decimal

places.​)

Simulation versus online learning: Effects on knowledge acquisition, knowledge retention, and perceived effectiveness.

Bredenkamp, Nancy D

University of Northern Colorado, 2013; Ph.D. (153 p) doctoral dissertation – research

The healthcare environment continues to experience rapid changes requiring nursing professionals to update knowledge and technical skills to provide safe patient care. The result is a need for healthcare facilities to find unique, evidence-based teaching methods to support learning. The purpose of this study was to identify differences in knowledge acquisition, knowledge retention, and perceived effectiveness of two teaching strategies. Nurses participating in the study were randomized to either a high fidelity simulation experience or an online learning module to complete continuing education about a hypoglycemic protocol. After taking a pre-test, participants completed a learning session and then took the first post-test. Approximately four weeks later, a second post-test was completed that included questions about the application of the protocol in clinical practice. Descriptive and inferential statistics were used to analyze the data.
There were no significant differences between the learning strategy groups related to demographic variables, mean test scores, knowledge acquisition, knowledge retention, or perceived effectiveness of the learning strategy. Both groups showed a significant amount of knowledge gain (p = 0.00) and both groups lost knowledge after the learning sessions with the online group, demonstrating a statistically significant loss (p = 0.027). Qualitative analysis of responses to open-ended questions identified three themes: hands-on learning is helpful (simulation group), online learning is effective (online group), and education is applied in practice (both groups).

1. What are the independent variable(s) in this study?

2. What are the dependent variables in this study?

3. What type of research approach was used in the study?

        Is it quantitative and qualitative, Why?

4. Is the study prospective or retrospective in nature? Why?

5. Is the study experimental or non-experimental in design? Why? What type of research is this study?