As you may have read, in 2008, the U.S. Federal Reserve Bank (The Fed), fearing the financial collapse of Bear Stearns, a major investment firm, engineered its sale to another Wall Street firm. In order to facilitate the sale, The Fed, guaranteed the value of almost $30 billion worth of Bear Stearns investments, much of which were based on questionable real estate loans. Many of those who questioned the appropriateness of the Fed's actions asked why it chose to "bail out" a large investment bank, at the possible expense of U.S. taxpayers? At the same time, others asked why the Fed had not instead chosen to guarantee $30 billion of home mortgage loans of individual homeowners facing foreclosure on their sub prime home loans? What ethical reasons would you give for choosing to bail out homeowners over Bear Stearns or Bear Stearns over individual homeowners? Does ethics even enter into it? Is this simply a business decision with no ethical ramifications to it at all? What do you think?

In this assignment, you will be completing a health assessment on an older adult. To complete this assignment, do the following: Perform a health history on an older adult. Students who do not work in an acute setting may "practice" these skills with a patient, community member, neighbor, friend, colleague, or loved one. (If an older individual is not available, you may choose a younger individual). Complete a physical examination of the client using the "Health History and Examination" assignment resource. Use the "Functional Health Pattern Assessment" resource as a guideline to assist you in completing the template. Document findings of complete physical examination in Situation-Background-Assessment-Recommendation (SBAR) format. Refer to the sample SBAR Template located on the National Nurse Leadership Council website at https://www.ihs.gov/nnlc/includes/themes/newihstheme/display_objects/documents/resources/SBARTEMPLATE.pdf as a guide. Document the findings of the physical examination in the assessment worksheet. Using the "Health History and Examination" assignment resource, provide the physical examination findings summary with planned interventions for the client. Include any community services in the interventions. APA format is not required, but solid academic writing is expected.

J&L Packaging, Inc.: Cash-to-Cash Conversion Cycle Case Study

Jake and Lilly Gifford founded J&L Packaging, Inc. (J&LP) in 1995 after graduating from the University of Cincinnati. Jake earned a degree in robotics and mechanical engineering, while Lilly graduated with a degree in computer science. They met at the university while working on an information systems course project and married immediately after graduation. Their privately held firm manufactured cardboard packaging and boxes for computer devices such as personal computers, keyboards, replacement hard drives, servers, and so on. Many of their packages were high-end boxes with glossy finishes and the company’s logo on the box. Last year, J&L Packaging, Inc. sales were $106 million.

J&LP Packaging provided many services with their products, such as box and packaging design engineering and consulting, embossing and foil guidance, barcode advice, cartons that fold and collapse for easy storage, and a variety of colors and box strengths. In 2010, J&LP began to research the sustainability issues regarding boxes in the reverse logistics supply chain.Their research lead to a change in production technologies to accommodate up to 100 percent recycled fiber content and solar panels on the roofs of their two U.S. factories. They also hired an engineer to lead the company’s efforts to become a “Green Cycle”-certified manufacturer.

J&LP recently purchased and installed an ISOWA FALCON state-of-the-art, four-color, high-speed flexo box machine with an extensive zero defects quality control system. This box cutting and fabrication machine is manufactured in Kasugai, Japan, by the ISOWA Corporation (www.isowa.com). There are several videos of this automated machine in operation on YouTube,” for example https://www.youtube.com/watch?v5XofTns666Aw.

J&LP’s financial information for last year follows. It is assumed the business operates 300 days per year. One note in J&LP financial statement states that the $4,906,000 of inventory does not include $886,000 in inventory allowances for excess, cancelled orders, and obsolete inventories. The note goes on to say, “Inventory management remains an area of focus as we balance the need to maintain strategic inventory levels to ensure competitive lead times versus the risk of inventory obsolescence because of changing technology and customer requirements. The box and packaging business is a dynamic industry that must quickly accommodate customer requirements, changes in forecasts, and new findings from research and development on product features and options.” The following data (in thousands of dollars $) is provided.

1. Should we consider services in the cash-to-cash conversion cycle computations?
2. How will you handle the $886,000 in obsolete inventory?
3. What is the total cash-to-cash conversion cycle for J&L Packaging, Inc. for last year?
4. What are your conclusions and final recommendations?

I do not want someone to simply answer the questions for me. I want to make sure I am doing it correctly.

Specifically, I would like help with question #3

The formula provided for cash-to-conversion is:

ARDS= Accounts receivable value/Revenue per day

APDS=Accounts payable value/Revenue per day

Revenue per day (R/D) =Total revenue/Operating days per year

Cash-to-cash conversion cycle =IDS+ARDS-APDS

Here's what I got:

Inventory days’ supply (IDS) =

Average total inventory/ Cost of goods sold per day=4,906+886=5792

Cost of goods sold per day (CGS/D) = 31,725/300 Days per year= 105.75

Cost of goods sold value/ Operating days per year

5792/105.75=54.77

IDS=54.77

IDS+ARDS= the firms receivable cycle is 80.08

ARDS= Accounts receivable value/ Revenue per day =7,593/300=25.31

APDS= Accounts payable value/ Revenue per day =9,338/300=31.13

APDS =31.13, which is how many days the firm has to pay back its bill.

Which means the firm receives it payments, “receivables” 48.95 days later.

Is this right? Help!

The following transactions of the Brown Company for April 2017 are given;

April 2, 2017: Mr. Brown started his business by investing TL 180.000 cash and a vehicle worth TL 50.000.
April 05, 2017: purchased a computer at a price of TL 20.000. Paid 15.000 in cash and signed a note payable for the remaining.
April 07, 2017: purchased furniture for the office on account, TL 7.500.
April 10, 2017: purchased supplies for TL 1.400 cash.
April 12, 2017: provided service for TL 12.000 on account.
April 15, 2017: received TL 24.000 from a customer in advance and agreed to perform bookkeeping services of that customer for 1 year.
April 23, 2017: received TL 1.500 from April 12 customer.
April 26, 2017: Mr. Brown withdrew money from the company, TL 2.500.
April 30, 2017: earned service revenue of TL 12.600 and received cash.
April 30, 2017: paid the first month's rent, TL 8.000 (not in advance).

Please make the journal entries (20 Points)
and post to the T-accounts (10 points)
Prepare the Unadjusted Trial Balance (20 points)

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Question 3

Wolfe Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2020, consists of products D, E, F, G, H, and I. Relevant per-unit data for these products appear below.

Instructions

Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2020, for each of the inventory items above.

(LCNRV—Valuation Account) Presented below is information related to Webby Inc.

Instructions

1. From the information, prepare (as far as the data permit) monthly income statements in columnar form for February, March,andApril.Theinventoryistobeshowninthestatementatcost,thegainorlossduetomarketfluctuationsistobe shown separately(using a valuationaccount).
2. Prepare the journal entry required to establish the valuation account at January 31 and entries to adjust it monthly thereafter.

On March 1, 2020, Spring Break Company sold 4,000 individual bonds. The bond terms were as follows: 25 years, $1,000 face value, and 2.1% coupon rate. The bonds were issued at an annual effective interest rate of 1.9%. Interest is payable semi-annually and is due each year on September 1 and March 1. As of March 1, 2020, bond issue costs of $103,500 were incurred in preparing and selling the bond issue. Calculate the selling price of the bond

Tamarisk Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.

From the information above, determine the amount of Tamarisk Company inventory.

The idea of insurance is that we all face risks that are unlikely but carry high cost. Think of a fire destroying your home. So we form a group to share the risk: we all pay a small amount, and the insurance policy pays a large amount to those few of us whose homes burn down. An insurance company looks at the records for millions of homeowners and sees that the mean loss from fire in a year is μ = $500 per house and that the standard deviation of the loss is σ = $10,000. (The distribution of losses is extremely right-skewed: most people have $0 loss, but a few have large losses.) The company plans to sell fire insurance for $500 plus enough to cover its costs and profit. (a) Explain clearly why it would be unwise to sell only 100 policies. Then explain why selling many thousands of such policies is a safe business. (b) Suppose the company sells the policies for $600. If the company sells 50,000 policies, what is the approximate probability that the average loss in a year will be greater than $600?

1- Who Corporation (a C-Corporation) and Rose each own 50% of Tardis Corporation’s (a C-Corporation) common stock. On January 1, 2017 Tardis has positive accumulative E&P of $120,000. On December 31, 2017 when its current E&P has deficit of $30,000, Tardis makes a cash distribution of $40,000 each to Who and Rose. Who’s stock basis in Tardis is $35,000. Rose’s stock basis in Tardis is $8,000.

How are Who and Rose each taxed on the distribution?

How would Who and Rose each be taxed if instead they received $50,000 distribution each?

2- Amy owns 500 shares of Dalek Corporation with a stock basis of $50,000. Total outstanding shares of Dalek Corporation are 1,000. Of the remaining 500 shares, 50 shares are owned by River (her daughter), and the remaining 450 shares of Dalek Corporation are owned by an unrelated shareholder. Dalek Corporation has E&P of $640,000.

What are the tax consequences to Amy if in a stock redemption; Dalek redeems 100 shares from Amy for $30,000?

What are the tax consequences to Amy if in a stock redemption; Dalek Corporation redeems 400 shares from Amy for $80,000?

What are the tax consequences to Amy if in a complete termination of her 500 shares; Dalek distributes $140,000 to Amy?

If you were advising Amy between the scenarios listed in part a-c above, which scenario would you advise Amy to proceed with? Amy wishes to pay the least amount of tax and has $150,000 of capital loss from other investments.

3- In a liquidating distribution, Harkness Corporation distributes land to its shareholders. Harkness Corporation acquired the land 3 years ago in a §351 transfer. Harkness Corporation distributes land with FMV of $1,800,000, adjusted basis of $400,000 pro-rata to its two individual shareholders Donna and Rory. Donna and Rory do not get along and are not related to each other. Donna (80%) owner has stock basis of $87,000. Rory (20%) owner has stock basis of $20,000.

What is the tax result to Harkness Corporation on the distribution?

What is the tax result (including basis of the property received) to Donna?

What is the tax result (including basis of the property received) to Rory?

Use the macroeconomic data in the table below for the US economy for 2017 and 2018 to answer the questions followed.

2017 2018*

19,390.6 17,096.2 - ? - 4.4 245.12 -

19,956.8 17,379.7 ? ? ? 3.9 250.5 ?

* Estimated data from 2017 data, but very close. Sources: www.bea.gov and www.bls.gov 5a. Estimate the values and fill out the boxes with Questions marks. 5 pts

5b. Based on your estimated values from Q5a, briefly analyze the state of the US economy from year 2017 to 2018 and make a quick forecast for 2019 and 2020.