During 2020, the following transactions were recorded by the Port Hudson Community Hospital, a private sector not-for-profit institution:

1. Gross charges for patient services, all charged to Patient Accounts Receivable, amounted to $1,970,000. Estimated contractual adjustments with third-party payors amounted to $560,000 and the Hospital estimated implicit price concessions would total $27,000.
2. Charity services, not included in transaction 1, would amount to $100,000, had billings been made at gross amounts.
3. Other revenues, received in cash, were parking lot, $37,000; cafeteria, $60,500; gift shop, $13,500.
4. Cash gifts restricted by the donor for programs amounted to $40,450 for the year. During the year, $80,600 was expended for technician salaries supporting the program identified by the donor (debit Operating Expense—Salaries and Benefits).
5. Mortgage bond payments amounted to $77,200 for principal and $48,400 for interest. Assume unrestricted resources are used.
6. During the year, the hospital received, in cash, unrestricted contributions of $65,800 and unrestricted income of $56,250 from endowment investments. (It is the hospital’s practice to treat unrestricted gifts as nonoperating income.)
7. New equipment, costing $186,000, was acquired, using donor-restricted cash that was on hand at the beginning of the year.
8. An old piece of lab equipment that originally cost $220,000 and that had an undepreciated cost of $44,000 was sold for $24,000 cash.
9. At the end of 2020, pledges (restricted as to purpose) were received in the amount of $205,000. These are intended to be received and expended in 2021.
10. Cash contributions were received from donors restricted for plant acquisition, $225,250.
11. Bills were received for the following items: Utilities $161,100 and Insurance $93,600. These will be paid in January of 2021.
12. Depreciation of plant and equipment amounted to $231,000.
13. Cash payments on accounts payable amounted to $213,900. Another $839,100 was expended on wages and benefits.
14. Cash collections of patient accounts receivable amounted to $1,214,000. These were in settlement of patient accounts totaling $1,672,000. Contractual adjustments associated with these totaled $434,000 and price concessions totaled $24,000.
15. Closing entries were prepared.

Required:
a. Record the transactions in the general journal of the Port Hudson Community Hospital.
b. Prepare a Statement of Operations for the Port Hudson Community Hospital for the year ended December 31, 2020.
c. Prepare a Statement of Changes in Net Assets for the Port Hudson Community Hospital for the year ended December 31, 2020. Assume beginning net assets are $7,255,000.

. "Building a Critical Skill: Thinking Critically" "some MBA programs now include courses in law, poetry, entrepreneurship, and biotechnology." The following video presentations take this idea even further, suggesting that all jobs or careers will require a higher set of skills than in the past. https://www.youtube.com/watch?v=NS2PqTTxFFc&feature=youtu.be

Can courses in law, poetry, biotechnology create a better leader?

2. Which skills listed in the video do you think are most important? Are you acquiring these skills in your current educational journey? Where?

(350 minimum words)

You need a new car and the dealer has offered you a price of $20,000​, with the following payment​ options: (a) pay cash and receive a $2,000 ​rebate, or​ (b) pay a $5,000 down payment and finance the rest with a 0% APR loan over 30 months. But having just quit your job and started an MBA​ program, you are in debt and you expect to be in debt for at least the next 2​ ½ years. You plan to use credit cards to pay your​ expenses; luckily you have one with a low​ (fixed) rate of 13.67% APR. Which payment option is best for​ you?

Trudy Pierre is the CFO of Vista Intl, a young financial software platform firm. Ms. Pierre is considering several projects in newly opening markets in Khazaksthan. She believes that her firm should take advantage of the current low interest rates. Thus, she would like to increase the debt equity ratio of the firm but is concerned about the consequences of increasing leverage. Although she studied finance in her MBA program, she does not remember much about capitol structure theory. Knowing that you have recently taken a class, what advice would you give her?

An incoming MBA student took placement exams in economics and mathematics. In​ economics, she scored 80 and in math 86. The overall results on the economics exam had a mean of 73 and a standard deviation of 10​, while the mean math score was 67​, with a standard deviation of 12. On which exam did she do better compared with the other​ students? Since she scored (nothing) standard deviations ▼ ( below or above) the mean in economics and (nothing) standard deviations ▼ (below or above) the mean in​ mathematics, she did better on the ▼ (economics or mathematics) exam. ​(Round to two decimal places as​ needed.)

MBA 5010 Week 4 Integrative Assignment

This week, you’re going to build on the knowledge you gained. Your assignment is to deconstruct the economics underlying Airbnb. Specifically, I want you to answer the following questions:

• Does Airbnb capture a sufficient amount of any value generated to remain a viable business?

The purpose of this question is to provide you an opportunity to demonstrate your understanding of the economics of value creation. So, emphasize this aspect of your answer. Try to limit yourself to 500 words. Your answer will be evaluated based on correctness, completeness, and clarity. As always, be attentive to your writing.

The Somerset Furniture Company was founded in 1957 in Randolph County, Virginia. It traditionally has manufactured large, medium-priced, ornate residential wood furniture such as bedroom cabinets and chests of draws, and dining and living room cabinets, tables, and chairs, at its primary manufacturing facility in Randolph County. It employed a marketing strategy of rapidly introducing new product lines every few years. Over time it developed a reputation for high-quality, affordable furniture for a growing U.S. market of homeowners during the last half of the twentieth century. The company was generally considered to be an innovator in furniture manufacturing processes and in applying QM principles to furniture manufacturing. However, in the mid-1990s, faced with increasing foreign competition, high labor rates, and diminishing profits, the Somerset Company contracted to outsource several of its furniture product lines to manufacturers in China, simultaneously reducing the size of its own domestic manufacturing facility and labor force. This initially proved to be very successful in reducing costs and increasing profits, and by 2000 Somerset had decided to close its entire manufacturing facility in the United States and outsource all of its manufacturing to suppliers in China. The company set up a global supply chain in which it arranges for shipments of wood from the United States and South America to manufacturing plants in China where the furniture products are produced by hand by Chinese laborers. The Chinese manufacturers are very good at copying the Somerset ornate furniture designs by hand without expensive machinery. The average labor rate for furniture manufacturing in the United States is between $9 and $20 per hour, whereas the average labor rate for furniture manufacturers in China is $2 per day. Finished furniture products are shipped by container ship from Hong Kong or Shanghai to Norfolk, Virginia, where the containers are then transported by truck to Somerset warehouses in Randolph County. Somerset supplies retail furniture stores from this location. All hardware is installed on the furniture at the retail stores in order to reduce the possibility of damage during transport.

The order processing and fulfillment system for Somerset includes a great deal of variability, as do all aspects of the company's global supply chain. The company processes orders weekly and biweekly. In the United States it takes between 12 and 25 days for the company to develop a purchase order and release it to its Chinese suppliers. This process includes developing a demand forecast, which may take from one to two weeks; converting the forecast to an order fulfillment schedule; and then developing a purchase order. Once the purchase order is processed overseas by the Chinese manufacturer, which may take 10 to 20 days depending on the number of changes made, the manufacturing process requires approximately 60 days. The foreign logistics process requires finished furniture items to be transported from the manufacturing plants to the Chinese ports, which can take up to several weeks depending on trucking availability and schedules. An additional 5 to 10 days are required to arrange for shipping containers and prepare the paperwork for shipping. However, shipments can then wait from one day to a week for enough available containers. There are often too few containers at the ports because large U.S. importers, like “Big W” discount stores in the United States, reserve all the available containers for their continual stream of overseas shipments. Once enough containers are secured, it requires three to six days to optimally load the containers. The furniture pieces often have odd dimensions that result in partially filled containers. Since 9/11, random security checks of containers can delay shipment another one to three weeks, and smaller companies like Somerset are more likely to be extensively checked than larger shippers like Big W, whom the port authorities don't want upset with delays. The trip overseas to Norfolk requires 28 days. Once in port, one to two weeks are required for a shipment to clear customs and to be loaded onto trucks for transport to Somerset's warehouse in Randolph County, which takes from one to three days. When a shipment arrives, it can take from one day up to a month to unload a trailer, depending on the urgency to fill store orders from the shipment.

Because of supply chain variability, shipments can be off schedule (i.e., delayed) by as much as 40%. The company prides itself on customer service and fears that late deliveries to its customers would harm its credibility and result in cancelled orders and lost customers. At the same time, keeping excess inventories on hand in its warehouses is very costly, and since Somerset redesigns its product lines so frequently a real problem of product obsolescence arises if products remain in inventory very long. Somerset has also been experiencing quality problems. The Chinese suppliers employ quality auditors who rotate among plants every few weeks to perform quality control tests and monitor the manufacturing process for several days before visiting another plant. However, store and individual customer complaints have forced Somerset to inspect virtually every piece of furniture it receives from overseas before forwarding it to stores. In some instances, customers have complained that tables and chairs creak noisily during use. Somerset subsequently discovered that the creaking was caused by humidity differences between the locations of the Chinese plants and the geographic areas in the United States where their furniture is sold. Replacement parts (like cabinet doors or table legs) are difficult to secure because the Chinese suppliers will only agree to provide replacement parts for the product lines currently in production. However, Somerset provides a one-year warranty on its furniture, which means that they often need parts for a product no longer being produced. Even when replacement parts were available, it took too long to get them from the supplier in order to provide timely customer service.

Provide a clear flowchart of all activities included in one complete purchase
“cycle”. The graphical representation must be self-explanatory. In other words, you
must use symbols and their labels/identification in the flowchart, so that NO
ADDITIONAL wording/explanations be necessary outside the flowchart. The time
or time-range for each step of the purchase cycle must also be found on the
flowchart.
2. Calculate the range of days (minimum to maximum) of the variable timeline for
product lead time in this case. Start with the initiation and development of the
purchase order and end when the product is received and warehoused. Itemize
activities with their variable times, and provide the range for the total lead time.
3. Out of the activities identified above, mark with an asterisk, or by using special font
(e.g., bold) those activities whose durations might be reduced with help from
international trade specialists, or trade logistics companies (please do not use any
coloured highlights)
4. Pinpoint at least 7 problems that are prevalent (typical, characteristic) when
manufacturing is outsourced to other countries and appear to be present in this
company’s global supply chain.
5. Highlight two issues that you found of special interest in this case and are not
directly related to the discussion questions above. In other words, DO NOT just
repeat a “problem” stated in the mini-case, but share the “insights” that you may
have gained from examining this real business story.

Answer both questions

9.) (ch 6) Suppose that Danielle’s wage-schooling locus is given by

a) Derive the marginal rate of return (MRR) schedule. When will Danielle quit school if her discount rate is 10 percent?

b) Suppose the government imposes an income tax of 20% on both labor earnings and interest income. What is the impact ofthis income tax on Danielle’s educational attainment (will itincrease or decrease)? Explain your answer.

10.) (ch 6) Peter has just graduated from HS. He will live for three more periods, and he is considering three alternative education-work options. He can start working right away, earning $100,000 in period 1, $110,000 in period 2, and $90,000 in period 3. He can also go to college in period 1 spending $10,000 in that period, and then earn $150,000 in periods 2 and 3. Finally, he can go to college in period 1 and get an MBA in period 2. This last option will cost him nothing in year 2 (books and tuition are covered by a research assistant position). After getting his MBA, he will earn $300,000 in period 3.

a) If Peter’s discount rate is 0.20, which path will maximize his net present value of his lifetimeearnings?
b) Why is it realistic that his wage for option one decreases to $90,000 in year 3?

7. One of your neighbors, Mr. and Mrs. Schekel, ( an elderly couple that always bring cookies when they visit ) has been very interested in hearing about your experiences at university. They would like to send their granddaughter to your university in 8 years’ time. You estimate that tuition will be $45,000 the first year , and the tuition will grow at 1.26% annually. They estimate it will take her 5 years to complete her undergraduate and MBA degrees, provided she attends summer school . they would also like to bestow a gift of $15,000 to her upon her graduation from the MBA program. How much must your clients deposit today, assuming an intrest rate of 6% in order to send their granddaughter to your university and provide her with the graduation present ?

Show time line . use uneven cash flow method

8. The schkels also have another granddaughter of whom they are very proud. They are considering offering her the following :

a. $40,000 today or

b. $45,000 towards a house down payment when she marries 2 years from now when her fiance finishes medical school. Assuming an intrest rate of 5% , which offer should the granddaughter accept ?

9. Another neighbor, Mr Ruble, is considering depositing $1,500 at the end of each year for five years in a saving account that pays 3.5% per year . you recommend that he deposit the funds at the beginning of each year. Calculate and demonstrate the change in value that will accrue to Mr.Ruble. Explain why there is a change in value .