Melody Lane Music Company was started by John Ross early in 2018. Initial capital was acquired by issuing shares of common stock to various investors and by obtaining a bank loan. The company operates a retail store that sells records, tapes, and compact discs. Business was so good during the first year of operations that John is considering opening a second store on the other side of town. The funds necessary for expansion will come from a new bank loan. In order to approve the loan, the bank requires financial statements.

John asks for your help in preparing the balance sheet and presents you with the following information for the year ending December 31, 2018:

Cash receipts consisted of the following:
  

Cash disbursements were as follows:
  

The bank loan was made on March 31, 2018. A note was signed requiring payment of interest and principal on March 31, 2019. The interest rate is 10%.

The equipment and furniture were purchased on January 3, 2018, and have an estimated useful life of 5 years with no anticipated salvage value. Depreciation per year is $6,000.

Inventories on hand at the end of the year cost $110,000.

Amounts owed at December 31, 2018, were as follows:
  

Rent on the store building is $3,000 per month. On December 1, 2018, four months' rent was paid in advance.

Net income for the year was $86,000. Assume that the company is not subject to federal, state, or local income tax.

Three hundred thousand shares of no par common stock are authorized, of which 30,000 shares were issued and are outstanding.

Required:
Prepare a balance sheet at December 31, 2018.

16.1In the 1920s, Mohandas Gandhi showed the people of India how to use Henry David Thoreau’s ideas about “civil disobedience,” the nonviolent resistance of unjust laws and policies, to win their country’s independence from the British Empire. 2In 1955, the Reverend Martin Luther King Jr. led a bus boycott in Alabama founded on the principles of civil disobedience, which led to the civil rights movement of the 1960s. 3During that same decade, people who opposed the Vietnam War engaged in nonviolent demonstrations modeled on Thoreau’s ideas. 4Since the 1970s, adversaries of nuclear weapons and nuclear power have used civil disobedience tactics for their protests at test sites, storage facilities, government offices, and power plants. 5Thoreau’s concept of civil disobedience has also influenced how activists have battled since the 1980s against the racial segregation that has divided blacks and whites in South Africa.(a) What is the topic of the reading?a. Mohandas Gandhi and Henry David Thoreaub. Henry David Thoreauc. Thoreau’s influence on acts of civil disobedienced. the civil rights movement of the 1960s

(b) If there is a topic sentence, please paraphrase it on the blanks below. If the main idea is implied, please write the implied main idea on the blanks below.________________________________________________________________________________________________________________________________

The instructor will assign you a scenario that includes a client's pertinent personal and financial information. Using your client's information and what you have learned in this course, develop an investment policy statement for your client, offer recommendations for the client's portfolio, and provide a justification for the recommendations presented. The policy statement should be 500-750 words and must include the following information:

1. A detailed explanation of the investment policy statement, including the investment objectives for the portfolio, based on the unique needs and preferences of the client.
2. Description of any investment constraints, liquidity needs, and the client's time horizon.
3. A justification of each of the investment recommendations you will make to the client.

Here is the scenario to be considered:

Client is a 70-year-old retired entrepreneur, active and in excellent health, with no children. He continues to hold a substantial number of shares in a business he founded, the total value of which is $25 million. In addition to the private company shares, he has $10 million cash, $5 million stocks, $5 million municipal bonds, $6 million commercial property fully leased, and $1 million home. With no children surviving him, he intends to leave his entire estate to a research foundation seeking a cure for the disease that ended his wife’s life.

Campus Fast is a new audit client. Client Fast uses public WiFi to place and deliver restaurant take out for students at the Up and Coming State University. Campus Fast was founded by three highly ambitious MBA students at the university. The business plan is to find a buyer or place an IPO of the company by graduation in two years. The founders expect to pay off all student loans, take a tour around the world and then start another company. In order for the business plan to work on the timeline for graduation, the business must meet highly ambitious earnings numbers. Additionally, the company is dealing with two situations that the founders would like to keep from the auditors:

1) The company has been using free, unsecured public WiFi to take orders via the Internet. The customer may pay via the Internet. Several students, who all happen to be members of the same student organization on campus, are claiming that using Campus Fast has allowed their identity to be stolen. One student is claiming that she had $12,000 of charges on her credit card to the unsecured Internet site of Campus Fast. Management plans to pay off the complaining students and keep the true liability off the balance sheet. The reason is Campus Fast is concerned that an interested buyer may become concerned about the unsecured site and might get scared by the student complaints.

2) The company guarantees fast delivery. It has offered to pay any speeding or other moving violation tickets to its delivery drivers. Unfortunately, one of the drivers was involved in an accident due to running a red light. The passenger in the other car is in critical condition and the intensive care unit in the hospital. The driver has promised the family of the passenger that the company will make good on any expenses and admitted the company policy on repaying all traffic tickets. Attorneys for the injured party are threatening to sue and publicize the situation. The founders do not have enough cash to take care of this problem but are still trying to keep the situation from the auditors and potential buyer.

Using the internal control framework assess the internal controls at Campus Fast and risk environment.

You have recently been hired by Swan Motors, Inc. (SMI), in its relatively new treasury management department. SMI was founded 8 years ago by Joe Swan. Joe found a method to manufacture a cheaper battery with much greater energy density than was previously possible, giving a car powered by the battery a range of 700 miles before requiring a charge. The cars manufactured by SMI are midsized and carry a price that allows the company to compete with other mainstream auto manufacturers. The company is privately owned by Joe and his family, and it had sales of $97 million last year. SMI primarily sells to customers who buy the cars online, although it does have a limited number of company-owned dealerships. Most sales are online. The customer selects any customization and makes a deposit of 20 percent of the purchase price. After the order is taken, the car is made to order, typically within 45 days. SMI’s growth to date has come from its profits. When the company had sufficient capital, it would expand production. Relatively little formal analysis has been used in its capital budgeting process. Joe has just read about capital budgeting techniques and has come to you for help. For starters, the company has never attempted to determine its cost of capital, and Joe would like you to perform the analysis. Because the company is privately owned, it is difficult to determine the cost of equity for the company. Joe wants you to use the pure play approach to estimate the cost of capital for SMI, and he has chosen Tesla Motors as a representative company. The following questions will lead you through the steps to calculate this estimate.

3. you can use other websites such as marketwatch.com, Bloomberg.com, etc. to find the main competitors of Tesla. Find the beta for each of these competitors, and then calculate the industry average beta. Using the industry average beta, what is the cost of equity? Does it matter if you use the beta for Tesla or the beta for the industry in this case?

Prompt:

I am tired of this nation worrying about whether we are offending someone or their culture. I am not against immigration, nor do I hold a grudge against anyone who is seeking a better life by coming to America. However, there are a few things that those who have recently come to our country, and apparently some born here, need to understand. This idea of America being a multicultural community has served only to dilute our sovereignty and our national identity. As Americans, we have our own culture, our own society, our own language, and our own lifestyle. This culture has developed over centuries of struggles, trials, and victories by millions of men and women who have sought freedom. We speak ENGLISH, not Spanish, Portuguese, Arabic, Chinese, Japanese, Russian, or any other language. If you wish to become part of our society, learn the language! “In God we trust” is our national motto. We adopted this motto because Christian men and women, based on Christian principles, founded this nation, and this is clearly documented. It is entirely appropriate to display it on the walls of our schools. If God offends you, then I suggest you consider another part of the world as your new home, because God is part of our culture. We are happy with our culture and have no desire to change, and we really don’t care how you did things where you came from. This is OUR COUNTRY, our land, and our lifestyle. Our First Amendment gives every citizen the right to express opinions, and we will allow you every opportunity to do so. But once you are done complaining, whining, and griping about our pledge, our national motto, or our way of life, I highly encourage you to take advantage of one other great American freedom, THE RIGHT TO LEAVE. God Bless America.

Question:

Who is intended to be included in the "We" of the last paragraph of the letter?

Is our society more accepting of some immigrant groups versus others?

Honest Tea: Organizational Structure

Honest Tea (U.S.) is a bottled organic tea company based in Bethesda, Maryland. It was founded in 1998 by Seth Goldman and Barry Nalebuff. The company is a wholly owned subsidiary of the Coca-Cola Company. Coca-Cola invested 40% in 2008 and bought the rest of the company in 2011. Honest Tea is known for its organic and fair trade products and is one of the fastest growing private companies.

Honest Tea started off with a handful of employees bringing out five products, three of which are still in the market. As Honest Tea began to grow, it became necessary to have workers specialized in different tasks so that they ultimately function as a single unit. Today the company has over 35 package varieties of not only tea but other beverages as well.

Honest Tea caters to a group of customers that prefer organic or low calorie beverages over other types of beverages. The advantage here is that Honest Tea is able to use skilled specialists to deal with this unique customer base. Honest Tea came into this category of customers as a challenger. The whole process of sourcing material, production, marketing, and sales was different since it catered to a different group of customer.

Honest Tea finds that it must continually adapt to changing circumstances and environments. Initially organic or low calorie tea was the only product, but the firm has expanded to various other beverages. Bringing out new and innovative beverages is something that Honest Tea continues to do. Honest Tea follows a very transparent work culture which has helped them to avoid some of the problems that typical growing organizations face. Honest Tea believes that growth is continuous; the firm should never consider that they have finished achieving what they set out to accomplish.

1. Describe the role of division of labor and hierarchy ay Honest Tea.

2. In what ways has business strategy and organizational size impacted Honest Tea. How might this change in the future?

3. Does Honest Tea have more of an organic or mechanistic structure? How can you tell?

13.34 you are studying the relationship between history of early childhood trauma (categorized as trauma/no trauma) and weight in adulthood (categorized as low to normal, overweight, and obese). Past research has suggested that those children who experienced trauma (such as child abuse) are more likely to develop weight problems in adulthood. You calculated a Chi-square of 18.26. You can decide to ____________ the Null Hypothesis at p<.05.

13.35 Professor Miller samples 500 high school students for a study on alcohol use, and wants to ensure that her sample is racially representative of all students in New York State, her population of interest. She will need to be able to _______________ the Null Hypothesis of goodness of fit in order to continue on with her research.

13.38 A large outpatient medical clinic has hired a program evaluator to assist them in planning new services for immigrants with language barriers, such as translators. They have selected a sample of 520 recent patients with identified language barriers on their most recent medical records. Based upon all existing records of patients with language barriers, they expect to find the following proportions: 21% (.21) who have a mild language barrier; 42% (.42) who have a moderate language barrier; and 37% (.37) with a severe barrier. Using the formula for expected values for Goodness of Fit tests, calculate the expected value for those with a severe barrier

13.39 A large outpatient medical clinic has hired a program evaluator to assist them in planning new services for immigrants with language barriers, such as translators. They have selected a sample of 520 recent patients with identified language barriers on their most recent medical records. Based upon all existing records of patients with language barriers, they expect to find the following proportions: 21% (.21) who have a mild language barrier; 42% (.42) who have a moderate language barrier; and 37% (.37) with a severe barrier. If you were to conduct a Goodness of Fit test, how many degrees of freedom would you have?

As the YPP is a new program, a strategy is needed to provide information and promote the program to potential clients of the service. Challenges have been identified as:

•   Gaining the interest of the target interest
•   Using a media that the audience will access
•   Significant diversity in culture and ethnicity of target audience.

Using the template provided, develop a digital media strategy for promoting the program to young parents or potential young parents at risk.

questions

As the YPP is a new program, a strategy is needed to provide information and promote the program to potential clients of the service. Challenges have been identified as:

•   Gaining the interest of the target interest
•   Using a media that the audience will access
•   Significant diversity in culture and ethnicity of target audience.

Using the template provided, develop a digital media strategy for promoting the program to young parents or potential young parents at risk.