Analyze the poor decision-making strategies exhibited by the management team at Toys R Us for the past 10 years? What do you believe was the BIGGEST managerial decision-making failure the company made?
In: Accounting
Let us consider the company 'MTN Namibia' for our study.
Identify all “information” assets that form part of the organisation. Perform asset valuation to determine asset value or worth of each asset identified.
In: Economics
if i was given by the company Cisco's website, their products listed by technology type as such....
https://www.cisco.com/c/en/us/products/index.html#~stickynav=3
what are cisco's brands, prodct items and product lines?
In: Operations Management
Foreign currency analysis of Merck & Co. which is s an American multinational pharmaceutical company and one of the largest pharmaceutical companies in the world.
Explain the relationship between the stock price of the company and those three currencies, Euro, Yen, and Renminbi which are the most exposed to the company and how sensitive the company's value is against the change in the value of the three foreign currencies against US dollar.
State references.
In: Finance
A group of about 20 shareholders for the Fly High Corporation, a multinational airline, sued the CEO of Fly High, Chelsea Edinburgh, for failing to disclose that she had relations with the officers at one of the rivaling airlines, Delta Airlines. Chelsea had recently shut down several flight routes that were not creating the revenue flows that Chelsea desired. This decision had received the majority of shareholder approval during a vote. However, the 20 shareholders alleged in court that Chelsea had violated her duty to disclose the fact that she had a conflict of interest in that Delta Airlines' CEO was one of Chelsea's college classmates, and Delta Airlines would continue to operate the flight routes that Fly High had just shut down. The court ruled in favor of Chelsea, however, concluding that Chelsea had acted consistent with the shareholders' vote and in good faith.
But what if the facts of the case were different? Select each set of facts below that could change the outcome of the case.
Check All That Apply
In: Economics
The Articles of Partnership for partners Moon, Sun, and Stars stipulate 10% interest allowance for each partner based on average capital balances during 2020. The beginning capital balances for Moon, Sun, and Stars on January 1, 2020 are $100,000, $250,000, and $400,000, respectively. On April 1, 2020, Moon invests additional 20,000 in the partnership. On July 1, 2020 Star withdraws 50,000 from the partnership. During 2020, Sun and Stars have drawings of 60,000 and 20,000, respectively. During 2020, partners Sun and Stars receive salary allocation of 60,000 and 20,000, respectively. If the partnership’s Net Income for the period after salary allocations are considered is above 130,000, Stars is also going to receive a bonus allowance of 10% of Net Income. The measure of Net Income used to determine the actual amount of the bonus is Net Income after bonus and interest allocations are considered, but before salary allocations are considered. The profit-and-loss sharing ratios for the partnership are: Moon (20%), Sun (50%), and Stars (30%) Required (show all your calculations):
1. Assume that the partnership’s net income for 2020 is $250,000. What is the TOTAL partnership RESIDUAL INCOME allocation in 2020? What is the total partnership profit allocation for Moon, Sun, and Stars, respectively? (10 points)
2. Assume that the partnership’s net income for 2020 is $250,000. Prepare the journal entry to close the NI into the Capital balances of the partners. (5p.)
3. Assume that the partnership incurs a net loss of $100,000 in 2020. What is the TOTAL partnership RESIDUAL INCOME allocation in 2020? What is the total partnership profit allocation for Moon, Sun, and Stars, respectively? (10 points)
4. Assume that the partnership incurs a net loss of $100,000 in 2020. Prepare the journal entry to close the net loss into the Capital balances of the partners. (5p.)
In: Accounting
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In: Accounting
5. The wireless networking standard known as Wi-Fi encompasses several frequency bands in the microwave part of the electromagnetic spectrum. The two most common are the 2.4GHz and 5GHz bands.
a) Wi-Fi channels in the 2.4GHz band range from 2.401GHz to 2.473GHz in the US. What range of wavelengths correspond to these frequencies?
b) Wi-Fi channels in the 5GHz band range from 5.170GHz to 5.835GHz in the US. What range of wavelengths correspond to these frequencies?
In: Physics
No.1 Supermarkets Pty Ltd operates a corner store and provides you with the following detail to prepare their December 2020 Business Activity Statement. No.1 Supermarkets is registered for GST on a quarterly accrual basis. All amounts below are stated as GST inclusive where GST is applicable and No.1 Supermarkets Pty Ltd holds tax invoices where applicable. All invoices are dated during the period 1 October 2020 to 31 December 2020.
Receipts
$
440,000 Receipts from general grocery sales
300,000 Receipts from sales of fruit and vegetables
25,000 Receipt from rental of the residential apartment above the shop
5,000 Interest on Bank Deposits
110,000 Receipts from Sale of alcohol
6,000 Credit card fees for customers who used credit card
Payments
$
180,000 Purchase general groceries
5,500 Maintenance cost for the residential apartments
50,000 Salary paid to employees
66,000 Purchase of fridges
3,500 Rates on the shop building paid to the Council
1,400 Water expenses paid to Landlord as part of Rent
22,000 Rent paid on the shop
175,500 Purchase of fruit and vegetables from the growers
Discuss the GST implications of each of the above transactions. Advise No1. Supermarkets Pty Ltd of the Net GST payable/refundable for the December 2020 Business Activity Statement. Provide justification for your calculations using legislation, case law and rulings.`
In: Accounting
Renew Energy Ltd. (REL) manufactures and sells directly to
customers a special long-lasting rechargeable battery for use in
digital electronic equipment. Each battery sold comes with a
guarantee that the company will replace free of charge any battery
that is found to be defective within six months from the end of the
month in which the battery was sold. On June 30, 2020, the Warranty
Liability account had a balance of $45,000, but by December 31,
2020, this amount had been reduced to $5,000 by charges for
batteries returned.
REL has been in business for many years and has consistently
experienced an 7% return rate. However, effective October 1, 2020,
because of a change in the manufacturing process, the rate
increased to a total of 9%. Each battery is stamped with a date at
the time of sale so that REL has developed information on the
likely pattern of returns during the six-month period, starting
with the month following the sale. (Assume no batteries are
returned in the month of sale.)
| Month Following Sale |
% of Total Returns Expected in the Month |
|||
| 1st | 20% | |||
| 2nd | 30% | |||
| 3rd | 20% | |||
| 4th | 10% | |||
| 5th | 10% | |||
| 6th | 10% | |||
| 100% | ||||
For example, for January sales, 20% of the returns are expected in
February, 30% in March, and so on. Sales of these batteries for the
second half of 2020 were:
| Month | Sales Amount | ||
| July | $1,700,000 | ||
| August | 1,700,000 | ||
| September | 2,200,000 | ||
| October | 1,300,000 | ||
| November | 1,000,000 | ||
| December | 800,000 | ||
REL’s warranty also covers the payment of the freight cost on
defective batteries returned and on new batteries sent as
replacements. This freight cost is 10% of the sales price of the
batteries returned. The manufacturing cost of a battery is roughly
60% of its sales price, and the salvage value of the returned
batteries averages 14% of the sales price. Assume that REL follows
IFRS and that it uses the expense approach to account for
warranties.
Calculate the warranty expense that will be reported for the July 1 to December 31, 2020 period.
| Warranty Expense | $Enter your answer in accordance to the question statement |
eTextbook and Media
Calculate the amount of the accrual that you would expect in the Warranty Liability account as at December 31, 2020, based on the above likely pattern of returns.
| Provision in the Warranty Liability account | $Enter your answer in accordance to the question statement |
eTextbook and Media
Would your answer to any of the above situations change if REL
followed ASPE?
Choose the answer from the menu in accordance to the question
statement
YesNo
In: Accounting