List three examples of “Types of Nonverbal Communication.” Then “compare and contrast” your possible use of nonverbal communication at a party with friends versus a job interview. The choices listed on pages 166- 175 of textbook (13th ed.) are: body movements, voice, appearance, touch, space, environment and tim

Statement of Cash Flows

The following are several items involving the cash flow activities of the ROCKY HORROR PICTURE CO. for 2016:

1. Net income, $58,000
2. Payment of dividends, $16,300
3. Ten-year, $32,100 bonds payable were issued at face value
4. Depreciation expense, $15,500
5. Building acquired at a cost of $30,800
6. Accounts receivable decreased by $2,700
7. Accounts payable decreased by $4,700
8. Equipment acquired at a cost of $6,500
9. Inventories increased by $7,000
10. Beginning cash balance, $15,300

Required:

Prepare Rocky Horror Picture's statement of cash flows for 2016 using the indirect method. Use a minus sign for any negative amounts.

Statement of Cash Flows

The following are several items involving the cash flow activities of the ROCKY HORROR PICTURE CO. for 2016:

Net income, $43300

Payment of dividends, $15600

Ten-year, $36100 bonds payable were issued at face value

Depreciation expense, $20600

Building was acquired at a cost of $36400

Accounts receivable decreased by $1800

Accounts payable decreased by $4600

Equipment was acquired at a cost of $6600

Inventories increased by $6100

Beginning cash balance, $16500

Required:

Prepare Rocky Horror Picture's statement of cash flows for 2016 using the indirect method. Use a minus sign for any negative amounts.

Statement of Cash Flows

The following are several items involving the cash flow activities of the ROCKY HORROR PICTURE CO. for 2016:

Net income, $45,800

Payment of dividends, $14,400

Ten-year, $31,600 bonds payable were issued at face value

Depreciation expense, $24,900

Building acquired at a cost of $38,400

Accounts receivable decreased by $2,900

Accounts payable decreased by $3,000

Equipment acquired at a cost of $5,100

Inventories increased by $5,700

Beginning cash balance, $30,100

Required:

Prepare Rocky Horror Picture's statement of cash flows for 2016 using the indirect method. Use a minus sign for any negative amounts.

Descriptive Statistics and Graphical Displays

Valencia Orange Price Comparison

You have been hired as a consultant to determine who ABC Grocery Store should be ordering Valencia Oranges from.

To: Statistician

From: ABC Grocery Store

Please advise us on which company to use as our orange distributor. Three highly recommended distributors have provided us with statistical data on the weekly prices for one load of Valencia oranges per week for a ten-week period last year. Prices fluctuate according to availability, and we would like to use the company with the lowest overall price and the least amount of fluctuation. We would like your written report showing your results and a detailed recommendation as to which company we should choose.

Thank you.

Here are the prices, listed as price in dollars per crate:

You must type in and analyze the data for each company.

Helpful directions:

1. Analyze the data for each company: frequency, relative frequency, mean, median,******* (ONLY complete the mode, standard deviation and range because below I am going to list my answers for the frequency, relative frequency, mean and median)
2. You need to decide which statistics to compare to determine the overall lowest price and the least fluctuation. Create and include at least two charts that will be useful to best support your conclusions.
3. Write a brief informative letter in response to the request from ABC Grocery answering their request. Be sure to include:
   1. A very detailed explanation of the data and the conclusions you came to. You should use the statistics you calculated to make this decision.
   2. Charts to support your explanation.
4. Attach copies of the Excel pages or embed the Excel work in your letter of response.

On April 1 2020 DinePlus Restaurants Incorporated, a franchisor, signed a franchise agreement to allow a franchisee to operate a business in northwest Edmonton, Alberta for a 10-year period.

Note:       A franchise agreement is an agreement between a franchisor (a parent company) and a franchisee (an individual or a company) that permits the franchisee to operate a business using the products and services of the franchisor in return for payment of a franchise fee to the franchisor.

The agreement requires the franchisee to pay DinePlus $200,000 up front and a royalty of 2% of its sales revenue. The franchisee paid DinePlus the $200,000 on the date the agreement was signed. Management at DinePlus estimates that the value of services rendered to this franchisee in setting up the business was $80,000, taking into account location, demographic analysis, staffing, and training. Management at DinePlus also believes that the remainder of the initial fee relates to services that will be provided by the franchisee evenly over next 10 years.

DinePlus follows IFRS and has a September 30 year-end. Monthly sales during the 2020 calendar year as reported by the franchisee were as follows:

Question No. 1 (continued)

PART B: (continued)

Required:

1. Prepare the journal entry for DinePlus on the date the franchise agreement is signed.     

2. Prepare the journal entries for DinePlus for the year ended September 30, 2020.

Note:   You may expand the JE blocks shown below if necessary and you may copy/paste to add more blocks as needed.

Tony and Suzie purchased land costing $500,000 for a new camp in January 2020. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow another million dollars, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp. Great Adventures has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common.

When the company began on July 1, 2018, Tony and Suzie each purchased 15,000 shares of $1 par value common stock at $1 per share. The following transactions affect stockholders’ equity during 2020, its third year of operations:

July 2 Issue an additional 110,000 shares of common stock for $13 per share.

September 10 Repurchase 11,000 shares of its own common stock (i.e., treasury stock) for $16 per share.

November 15 Reissue 5,500 shares of treasury stock at $17 per share.

December 1 Declare a cash dividend on its common stock of $134,500 ($1 per share) to all stockholders of record on December 15.

December 31 Pay the cash dividend declared on December 1.

1. Record each of these transactions.

2. Great Adventures has net income of $158,000 in 2020. Retained earnings at the beginning of 2020 was $148,000. Prepare the stockholders’ equity section of the balance sheet for Great Adventures as of December 31, 2020.

The BCJ Company needs a master budget for the three months beginning April 1, 2020. The company retails widgets. The 2020 budget should be based on the following information. An ending minimum cash balance of $10,000 each month is required. Sales are forecasted at an average selling price of $8 per widget. Merchandise costs are $4 per widget. Currently, the company maintains an ending inventory balance equal to 20% of the next month’s projected cost of goods sold. Purchases during any given month are paid half in the month of purchase and half during the following month. Sales are 20% cash and 80% on credit (payable within 30 days), but experience has shown that 60% of monthly credit sales is collected in the current month, 40% in the next month.

Monthly operating expenses are as follows:

Wages and salaries                                  $15,000

Insurance expired 150

Depreciation                                                 1,200

Utilities    1,000

Advertising   300                          

Miscellaneous 500

Rent 400 per month+ 10% of monthly sales.

All operating expenses are paid as incurred, except insurance, depreciation, and rent. Rent of $400 is paid at the beginning of each month, and the additional 10% of sales is paid in the month following the sales.    The company plans to buy some new equipment for $5,000 cash in June. Cash dividends of $1,500 are to be paid quarterly, beginning April 15. Dividends are declared on the 15th of the last month in the calendar quarter.

BCJ has an established line of credit with its bank, Third Fifth National. Money can be borrowed and repaid in multiples of $1,000, at an interest rate of 6% per annum. Management wants to minimize borrowing and repay rapidly. Interest is computed and paid when the principal is repaid. Assume that borrowing occurs at the beginning and repayments at the end of the months in question. Money is never borrowed at the beginning and repaid at the end of the same month. Compute interest to the nearest dollar.

Balance Sheet

March 31, 2020

Assets                                                                          Liabilities

Cash                                                      $16,300           Accounts payable (inventory)                          $13,750

Accounts receivable (net)                        19,200 Dividends payable                                            1,500      

Inventory                                                   4,000 Rent payable 6,000

Prepaid insurance                                 1,800 Total 21,250

Land, Building, Equipment (net)            75,000

Stockholders' Equity                                                

                                                                                   Capital stock ($1 par value)    54,400

                                                                                   Retained earnings 40,650

Total assets                                   $116,300           Total Liabilities & Stockholders' Equity            $116,300

Recent and forecasted sales:

January         $45,000      February    $50,000                March $60,000               April            $40,000     

May               $50,000      June           $70,000                July            $60,000

Required:            1.    Prepare a master budget, using Excel, and all supporting schedules (including sales) for the months April, 2020 through June, 2020.

2. Prepare the budgeted Income Statement and Statement of Cash Flows for the quarter ended June 30, 2020 and the budgeted Balance Sheet at June 30, 2020.

Problem 2-32 Recording events in a horizontal statements model

The following events pertain to Super Cleaning Company:

Acquired $10,000 cash from the issue of common stock.

Provided $15,000 of services on account.

Page 85

Provided services for $5,000 cash.

Received $2,800 cash in advance for services to be performed in the future.

Collected $12,200 cash from the account receivable created in Event 2.

Paid $1,900 for cash expenses.

Performed $1,400 of the services agreed to in Event 4.

Incurred $3,600 of expenses on account.

Paid $4,800 cash in advance for one-year contract to rent office space.

Paid $2,800 cash on the account payable created in Event 8.

Paid a $1,500 cash dividend to the stockholders.

Recognized rent expense for nine months’ use of office space acquired in Event 9.

Required

Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the Cash Flows column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Use NA to indicate accounts not affected by the event. The first event is recorded as an example.

*$          x    /12 = $

You have been appointed as chief risk officer for global retailer and your responsibilities cover achieving value from risk. After two months in the post you realise that most of the top 2o executives globally tend to see risk management as a low level operational tool, not as a source of strategic benefit. A new CEO has also just started and shares your realisation. Required: Produce a report to the CEO which includes any key assumptions you have made. Specific expertise in retail is not expected. The report should cover two areas. i. Outline key areas where risk management can be more effective if its top executive group does have an appropriate strategic outlook ii. Propose practical steps over a 6 month period which are aimed specifically at the top 30 group of executives and is likely to speed u their understanding of the strategic perspective on risk management