Bikes-R-Us Company

The company sponsors a defined benefit plan for its 200 employees. On January 1, 2020, the company’s actuary provided the following information:

Accumulated other comprehensive loss (PSC) $240,000

Pension plan assets (fair value and market-related asset value) 450,000

Accumulated benefit obligation $480,000

Projected benefit obligation $520,000

The average remaining service period for the participating employees is 6 years. All employees are expected to receive benefits under the plan. On December 31, 2020, the actuary calculated that the present value of future benefits earned for employee services rendered in the current year amounted to $62,000; the projected benefit obligation was $620,000; fair value of pension assets was $515,000; the accumulated benefit obligation amounted to $520,000. The expected return on plan assets and the discount dfevrate on the projected benefit obligation were both 6%. The actual return on plan assets is $15,000. The company’s current year’s contribution to the pension plan amounted to $50,000. No benefits were paid during the year.

(a) Determine the components of pension expense that the company would recognize in 2020. (With only one year involved,you need not prepare a worksheet.)

1(b) Prepare the journal entry to record the pension expense and the company’s funding of the pension plan in 2020.

(c) Compute the amount of the 2020 increase/decrease in gains or losses and the amount to be amortized in 2020 and 2021.

(d) Indicate the pension amounts reported in the financial statement as of December 31, 2020.

The CEO of Dynamic Manufacturing was at a conference and talked to a supplier about a new piece of equipment for its production process that she believes will produce ongoing cost savings. As the Operations Manager, your CEO has asked for your perspective on whether or not to purchase the machinery. After talking to the supplier and meeting with your Engineers and Financial Analysts, you’ve gathered the following pieces of data: • Cost of Machine: $140,000 • Estimated Annual After Tax Cash Flow Savings: $60,000 (which may or may not grow) • Estimated machinery life: 3-5 years (after which there will be zero value for the equipment and no further cost savings) • You seem to recall that Dynamic’s Finance organization recommends either a 10% or a 15% discount rate for all Cost Savings Projects From your JWMI MBA, you know that you need to understand the project financials to ensure that this investment will be economically attractive to Dynamic Manufacturing’s shareholders. Calculate the Nominal Payback, the Discounted Payback, the Net Present Value and the IRR for each scenario, assuming: A. Ann (A) recommends using the base assumptions above: 3 year project life, flat annual savings, 10% discount rate. B. Bob (B) recommends savings that grow each year: 3 year project life, 10% discount rate and a 10% compounded annual savings growth in years 2 & 3. In other words, instead of assuming savings stay flat, assume that they will grow by 10% in year 2, and then grow another 10% over year 3 in year. C. Cassidy (C) believes we use a higher Discount Rate because of the risk of this type of project: 3 year project life, flat annual savings, 15% discount rate. D. David (D) is convinced the machine will last longer than 3 years. He recommends using a 5 Year Equipment Life: 5 year project and savings life, flat annual savings, 10% discount rate. In other words, assume that the machine will last 2 more years and deliver 2 more years of savings. In an MS Word document, in paragraph form, respond to the following questions: 1) Which person’s scenario would you present to management and why? From a strictly financial (numbers) perspective, would you recommend this purchase to management? 2) In your opinion, which person’s scenario is based on the most aggressive assumptions? If you were to select this scenario as the basis for your proposal, how would you justify the more aggressive assumptions? 3) In SIMPLE English (as in talking to a non-Finance and non-MBA person), explain why there is value to management in running all 4 of these scenarios. 4) Beyond financial measures, what other factors would you want to consider, before making a recommendation to management? 5) If you were the CEO, would you approve this proposal? Why or why not?

What do you think will happen to the US market in the last quarter of 2020?

You are the new accounting manager at the Barry Transport Company. Your CFO has asked you to provide input on the company's income tax position based on the following: Pretax accounting income was $75 million and taxable income was $13 million for the year ended December 31, 2018. The difference was due to three items: Tax depreciation exceeds book depreciation by $60 million in 2018 for the business complex acquired that year. This amount is scheduled to be $70 million in 2019 and to reverse as ($70 million) and ($60 million) in 2020, and 2021, respectively. Insurance of $10 million was paid in 2018 for 2019 coverage. A $8 million loss contingency was accrued in 2018, to be paid in 2020. No temporary differences existed at the beginning of 2018. The tax rate is 40%. Required: 1. Determine the amounts necessary to record income taxes for 2018 and prepare the appropriate journal entry. 2. Assume the enacted federal income tax law specifies that the tax rate will change from 40% to 35% in 2020. When scheduling the reversal of the depreciation difference, you were uncertain as to how to deal with the fact that the difference will continue to originate in 2019 before reversing the next two years. Upon consulting PricewaterhouseCoopers' Comperio database, you found:

Imagine that you are the CEO of uber. Please show us about uber international expansion:

provide an overview of the international expansion for uber .

How did the uber expand globally?

How did uber expand?

What was the top obstacle or barrier of uber faced? What happened?

develop a written use case for hiring system Projects, Inc., is an engineering firm with approximately 500 engineers of different types. The company keeps records on all employees, their skills, assigned projects, and the departments they work in. New employees are hired by the personnel manager based on data in an application form and evaluations collected from other managers who interview the job candidates. Prospective employees may apply at any time. Engineering managers notify the personnel manager when a job opens and list the characteristics necessary to be eligible for the job. The personnel manager compares the qualifications of the available pool of applicants with the characteristics of an open job and then schedules interviews between the manager in charge of the open position and the three best candidates from the pool. After receiving evaluations on each interview from the manager, the personnel manager makes the hiring decision based upon the evaluations and applications of the candidates and t

At a very large university, the mean weight of male students is 197.3 pounds with a standard deviation of 15.2 pounds. Let us assume that the weight of any student is independent from the weight of any other student. Suppose, we randomly select 256 male students from the university and look at the weight of each student in pounds. Let M be the random variable representing the mean weight of the selected students in pounds. Let T = the random variable representing the sum of the weights of the selected students in pounds.

a) What theorem will let us treat T and M as normal random variables?

Central Limit Theorem

Monte Carlo Theorem

Chebychev's Theorem

Law of Large Numbers

Convolution Theorem

b) What is the expected value of T?

c) What is the standard deviation of T?

d) If TK is T measured in kilograms (use 1kg = 2.2 pounds), then what is the standard deviation of TK?

e) What is the approximate probability that T is greater than 51,200?

f) What is the standard deviation of M?

g) What is the approximate probability M is between 197 and 198?

h) What is the approximate probability that T is within 2 standard deviations of its expected value?

For this program you will be looking at future tuition at your university. In 2020, the tuition for a full time student is $6,549 per semester, the tuition for a part time student is $3,325. The tuition will be going up for the next 7 years at a rate of 3.5% per year. Write a program using if-else and a loop. Ask the user if they are a full time or part time student, then display the projected semester tuition for the next 7 years. You should display the actual year (2021, 2022, through 2027) and the tuition amount per semester for that year.

For this program you will be looking at future tuition at your university. In 2020, the tuition for a full time student is $6,549 per semester, the tuition for a part time student is $3,325. The tuition will be going up for the next 7 years at a rate of 3.5% per year. Write a program using if-else and a loop. Ask the user if they are a full time or part time student, then display the projected semester tuition for the next 7 years. You should display the actual year (2021, 2022, through 2027) and the tuition amount per semester for that year. REMEMBER to write your name through comments in the program, and use comments to explain what your program is doing. Please write the program in "script" mode

The Managing Director of Wraymand plc has asked you to prepare the statement of comprehensive income for the group. The company has one subsidiary undertaking, Blonk Ltd. The statements of comprehensive income of the two companies for the year ended 31 March 2020 are set out below. Statements of comprehensive income for the year to 31 March 2020 Wraymand Blonk £000 £000 Sales revenue 38,462 12,544 Cost of sales (22,693) (5,268) –––––– –––––– Gross profit 15,769 7,276 Dividend from Blonk Ltd 580 –––––– 16,349 Distribution costs (6,403) (2,851) Administrative expenses (3,987) (2,466) –––––– –––––– Profit from operations 5,959 1,959 Finance costs (562) (180) –––––– –––––– Profit before tax 5,397 1,779 Taxation (1,511) (623) –––––– –––––– Profit for the year 3,886 1,156 –––––– –––––– Further information: (i) Wraymand plc acquired 75% of the ordinary share capital of Blonk Ltd on 1 April 2019. (ii) During the year, Blonk Ltd sold goods which had cost £1,100,000 to Wraymand plc for £1,600,000. All of the goods had been sold by Wraymand plc by the end of the year.