In: Statistics and Probability
Question 4 Butler and John operate a music store as a partnership. The partnership agreement states that profits and losses are to be shared equally after adjusting for interest on capital, superannuation, drawings and salaries paid to the partners Income ($) Sales $896,900 Interest from Advance to John 2,000 Expenses ($) Cost of goods sold 416,000 Salary-Butler 63,000 Salary-employees 110,000 Superannuation to Butler 14,000 Superannuation to employees 13,000 Interest on capital to Butler 7,000 Interest on Capital to John 9,500 Interest on loan from CBA 19,000 Drawings to Butler 32,000 Drawings to John 17,000 Other deductible operating expenses 105,000 Additional information: Trading stock balances were estimated as follows: 30 June 2019 86,000 30 June 2020 94,000 Required: Calculate the net income of the partnership. Show the allocation of net income to each of the partners..
In: Accounting
Buyers determine demand while sellers determine supply. Both laws of supply and demand establish market forces that make economies work to search for their market equilibrium. The impact of COVID-19 is an unprecedented event that affects the global economy. In the article, the overall retail sales dramatically dropped by 34.8%, with jewellery and luxury goods drop of 67% but supermarkets increase of 12%, in the first five months of 2020. However, online-based consumption, like demand for food delivery, online education (Zoom), stay-at-home activities and online grocery shopping surged dramatically since the outbreak of pandemic.
3) Principle 6 of Economics states, “Markets are usually a good way to organize economic activity”. Hopefully COVID-19 will end some time in the near future. Predict how the retail industry would become in the economy with the aftermath of the pandemic. (300 words)
In: Economics
The following information is available for the McCain
Manufacturing Company for 2020.
Accounts receivable, January 1, 2020 $120,000
Accounts payable, January 1, 2020 ?
Raw materials, January 1, 2020 10,000
Work in process, January 1, 2020 25,000
Finished goods, January 1, 2020 75,000
Accounts receivable, December 31, 2020 80,000
Accounts payable, December 31, 2020 200,000
Raw materials, December 31, 2020 ?
Work in process, December 31, 2020 60,000
Finished goods, December 31, 2020 50,000
Raw materials used in production 100,000
Raw materials purchased 130,000
Accounts receivable collections ?
Accounts payable payments 80,000
Sales ?
Total manufacturing costs ?
Cost of goods manufactured ?
Cost of goods sold 60% of Sales
Gross margin 400,000
Assume that all raw materials are purchased on credit and all sales
are credit sales. Compute the missing amounts above.
In: Accounting
Your friend has $1000 that he wants to invest toward his retirement in about 30 years. This will be his first ever investment. What is the best choice?
| A hedge fund |
| A Treasury bill |
| A mutual fund |
| Two shares of Apple stock, which has a price of $500 per share |
In 1980, a stock with the ticker symbol "MBA" would trade on which exchange, the New York Stock Exchange (NYSE) or Nasdaq? How about in 2014?
| 1980 = NYSE or Nasdaq; 2014 = NYSE |
| 1980 = NYSE; 2014 = NYSE |
| 1980 = NYSE or Nasdaq; 2014 = NYSE or Nasdaq |
| 1980 = NYSE; 2014 = NYSE or Nasdaq |
Why is margin required in a short sale stock transaction?
| To protect the broker from any of your losses resulting from a price increase in the shorted stock. |
| To help finance the purchase of the shorted stock. |
| Actually, margin is not required in most short sales. |
| To ensure the government receives its tax revenues from any gains resulting from your short position. |
Assume A Corp, B Corp, and C Corp are components of the Dow Jones Industrial Average (DJIA). Given the information below, which would have the most influence on price movements of the DJIA?
| All would have the equal influence on price movements |
| C Corp: stock price = $25, market cap = $250 million, assets = $5000 |
| B Corp.: stock price = $50, market cap = $50 million, assets = $10,000 |
| A Corp: stock price = $100, market cap = $100 million, assets = $1000 |
A trader wants to purchase Microsoft stock at $30.00 and no more. Microsoft's current price is $30.05. Which order is most appropriate for this trader?
| Limit order |
| Stop-limit order |
| Market order |
| Stop order |
Which of the following best describes the stock trading environment in the United States?
| The NYSE dominates stock trading. Nasdaq is a distant second. No other major competitors exist. |
| The NYSE and Nasdaq dominate trading and have very little competition. |
| Alternative trading systems dominate leaving little role for the traditional exchanges like the NYSE or Nasdaq. |
| The NYSE and Nasdaq are leaders, but they face heavy competition from alternative trading systems and exchanges. |
Which of the following represents an advantage of an ETF versus an open-end mutual fund?
| ETFs often require a high initial investment, while mutual funds often require a low initial investment. |
| ETFs can invest in stocks all over the world. Mutual funds are restricted to investing in U.S. stocks only. |
| When trading an ETF, you know the price of the trade almost immediately. Mutual funds trade at prices determined at the end of the trading day. |
| ETFs can track an index like the S&P 500. Mutual funds cannot track indexes as they must be actively managed. |
In: Finance
TzeMay was one of the first women engineering students at ABC University. She graduated in 1995 with a first class honours degree and immediately continued her studies with an MSc programme, gaining recognition for her work into environmentally friendly car engines, a largely untapped field in those days. On completion of her Masters degree she was offered a post as a research assistant where she could have developed her Masters research and worked towards her doctorate. However she decided that she needed to gain some commercial experience and joined Wallace-Price, a blue-chip engineering consultancy where, apart from a sponsored year out to study for an MBA in the United States of America, she has remained ever since.
Her tenacity and loyalty to Wallace-Price have paid off and she was made a partner in the firm, primarily responsible for bringing in work to the consultancy. With the promotion came various executive privileges including an annual salary of £80, 000, a chauffeur-driven car, free use of one of the company-owned London flats, a non-contributory pension scheme, various gold credit cards and first-class air travel. TzeMay herself would not describe these as benefits, however, but as necessities to enable her to do her job properly. In order to meet her business target of £2 million of work for Wallace-Price she spent forty weeks overseas, working an average of ninety hours a week.
She cannot remember the last time that she had a weekend when she was not entertaining clients or travelling but was totally free to indulge herself. During her time with Wallace-Price she has earned a reputation both as a formidable but honest negotiator and as an innovative engineer, often finding seemingly impossible solutions to problems. Known for her single-minded dedication to her job, she does not suffer fools gladly. She is frequently approached to work for rival firms with promises of even greater privileges and has been the subject of numerous magazine profiles, some concentrating on her work and reputation as a high flier but the majority focusing on her gender. Her fortieth birthday last year was spent alone in the Emergency Room of a Los Angeles hospital where she had been rushed with a suspected stomach ulcer. Deprived of her portable telephone, fax and computer she had little else to do but to reflect on her life thus far. On her return to health she was working her way through the pile of technical journals, which had accumulated during her absence and there she saw the advertisement for ABC University, an institution that had close links with her company and whose Professor of Engineering she knew well. Ignoring the instructions relating to applications she put through a telephone call to the ABC University.
Question 1 : Making reference to the appropriate theories of motivation, explain TzeMay‟s main motivating factors.
In: Operations Management
ABC Company has the following information pertaining to its biological assets for the year 2020:
A herd of 150, 3-year old animals was held at January 1, 2020. Eight animals aged 2.5 years were purchased on July 1, 2020 for P 3,400, and ten animals were born on July 1, 2020. No animals were sold or disposed of during the period. Per unit fair values less estimated point-of-sale costs were as follows:
|
3.0-year old animal at January 1, 2020 |
2,000 |
|
Newborn animal at July 1, 2020 |
1,500 |
|
2.5-year old animal at July 1, 2020 |
3,400 |
|
Newborn animal at December 31, 2020 |
2,600 |
|
0.5-year old animal at December 31, 2020 |
3,000 |
|
3.0-year old animal at December 31, 2020 |
2,750 |
|
2.5-year old animal at December 31, 2020 |
3,650 |
|
4.0-year old animal at December 31, 2020 |
3,000 |
Instructions:
21. How much is the balance of biological assets as of January 1, 2020?
22. How much of the increase in the fair value of the biological asses due to price change?
23. How much of the increase in the fair value of the biological assets due to physical change?
24. What is the fair value of the biological assets as of December 31, 2020?
25. If four 2.5 years old animal was sold on July 1, 2020, how much is the balance of biological assets as of December 31, 2020?
In: Accounting
A public health researcher wonders if the well-being of a nation’s health care system influences its infant mortality rate. To investigate this, she collected data on well-being of the health care system (the nation’s number of people per hospital bed; a lower number indicates a stronger health care system) and infant mortality rate (number of infant deaths per 1,000 births) from 6 countries.
| Country Name | Infant Mortality Rate | People per hospital bed |
| Germany | 7 | 95 |
| Netherlands | 7 | 164 |
| Poland | 14 | 154 |
| Spain | 6 | 158 |
| United Kingdom | 8 | 138 |
| United States | 10 | 198 |
a) Calculate the correlation between infant mortality rate and people per hospital bed in this sample of countries. Show all of your calculation work.
b) Interpret the result you obtained in a).
c) Calculate the regression for the relationship between infant mortality rate and people per hospital bed. Show all of your calculation work.
d) Interpret the results you obtained in c).
e) If a country has 150 people per hospital bed, what do the results of the analysis here predict for that country’s infant mortality rate? Show all of your work.
f) What other country-level variables may influence a country’s infant mortality rate? Give at least one and explain why you think this variable influences the infant mortality rate
In: Statistics and Probability
Barry Potter and Winnie Weasley are considering making an S election on March 1, 2019, for their C corporation, Omniocular. However, first they want to consider the implications of the following information:
For the remainder of the problem, assume Omniocular made a valid S election effective January 1, 2019. Barry and Winnie each own 50 percent of the voting power and have equal claim on Omniocular's assets in liquidation. In addition, consider the following information:
*$110,000 under FIFO accounting.
E. Assume Barry's basis in his Omniocular stock was $40,000 on January 1, 2019. What is his stock basis on December 31, 2019?
In: Accounting
Assignment 2: Leadership Strategies Presentation
Directions:
Taking on the role of a CEO, develop a PowerPoint presentation of approximately 15 slides that explains how you would adapt the Western leadership strategies of either Heifetz and Linsky or Drucker in your approach to managing an international organization on the brink of structural change and expansion. One of your main goals will be to motivate and communicate a vision while connecting to the firm’s mission for all stakeholders, including your Board of Directors. A brief profile of the organization is as follows:
The company is a manufacturing firm with annual earnings in excess of $350 million.
It is headquartered in the United States, has two branches in the United Kingdom, and one expansion branch set to open in China.
A new branch will provide more innovative technologies to infuse the firm’s declining market share while also presenting cultural management and organizational integration challenges.
Your presentation should contain the following components:
Identification of your chosen leadership philosophy with justification of your choice.
Using Porter’s Five Forces as a strategic guide, please explain how you will approach Foreign Direct Investment and Financial Risk Assessment.
Complete a Financial Risk Assessment for acquiring the new technology company by identification and explanation of at least four risks which could impact your organization.
Identification and explanation of the key internal structures (at least 3) that will be designed to enhance the culture within your organization
Explanation of how projected global and market trends over the next 10-15 years will impact your company’s ability to maintain a competitive advantage.
In: Finance