Thorp Inc. maintains a defined benefit pension plan for its employees. Pension plan balances as at January 1, 2020 include: Projected Benefit Obligation (PBO), January 1, 2020 $ 600,000 Plan assets at market-related value, January 1, 2020 $ 550,000 Prior service cost (PSC- OCI)1 $ 150,000 Average remaining service period 15 years Service cost $ 90,000 Expected returns on plan assets 8% Actual returns earned on plan assets $40,000 Actuarial interest rate 4% Contributions paid $ 150,000 Benefits to retirees in 2020 $ 100,000 Loss from change in actuarial assumption, December 31, 2020 $ 46,000 1 These prior service costs are from 2019 and already included in PBO on January 1,2020. Required: a. Determine the pension expenses recognized in 2020. b. Prepare the journal entries to reflect the accounting for the pension plan for 2020. c. Prepare the ending balances (31 December 2020) for plan assets, PBO, and calculate net pension liability. d. What will be the expected impact of the current pandemic (Covid-19) on PBO?

4. Ambrose Motor Corp. has expected cash flow for the next year equal to $ 1 million if it does not lose a product liability lawsuit and $0 if it loses the lawsuit. The CEO would work for $100,000 if he were certain to receive his promised compensation. However, if there is uncertainty for his compensation, he will work for the company only if the company pays him $125,000. The probability of the lawsuit is 90%. Now suppose that Ambrose Motor purchases $400,000 of liability insurance coverage at a premium of $30,000.

1. What is the expected claim cost?

2. What is the premium loading?

3. What is his expected compensation?

4. Fill out the shaded cells in the tables below

You are a cybersecurity consultant and just met with the CISO’s team. During this meeting on the cybersecurity readiness of the company, CISO showed you risk matrices that have more colors than the rainbow. Later, during your interviews, you found out that most of the cybersecurity staff is pretty grim and thinks that a breach will lead to a very big loss and bankrupt the company.

Now it is your time to gather your thoughts to write a report for the CEO. You get your Summer Berry Panna Cotta Frappuccino from Starbucks and start formulating some of the key points you’d like to raise. These include: Reason to move away from risk matrices, alternative methods to assess risk, a plan to deal with resistance to using quantitative risk assessment while explaining why there is such a resistance, and activities of a risk management workshop where you get the cybersecurity staff ready for quantitative analysis.

This question covers almost everything the books discusses. Take your time and discuss in depth.

The technology company you work for has had difficulties resulting from expert employees leaving the company after only 6 months to a year of employment. This turnover has caused client software projects to not be completed as scheduled. The CEO has turned to you as the HR director to find out what is wrong and to recommend a remedy. You do some initial investigations only to find that the salaried, full-time employees at this level of expertise are working 60 hours a week or more on a regular basis. You are concerned not only for the business implications of this attrition problem but the ethical implications.

Checklist: Please address each item separately

● Describe the company’s problem in your own words from a business and ethical perspective.

● Choosing one of the ethical approaches from the Learning Activity, describe what ethical approach you would use for the development of these employees and explain why.

● Describe the training and development methods you would use to improve employee morale and motivation and to reduce attrition.

Al-Ain Electronics Company is a large manufacturer of electronics and home appliances in the UAE. Over the past few years, Al Ain Electronics has watched overseas competitors take away market share with products that are priced lower and that at the same time, have developed a reputation for better reliability. The company is not in a dangerous position yet, but the Board of Directors wants to see a concerted effort to improve the company's competitive posture. Among the senior management, two factions have developed. One, led by the vice president of operations, is pressing the CEO to implement total quality management. After all, the aim of TQM is to improve competitiveness, and that is just what is needed. On the other hand, the manufacturing vice president and the director of quality assurance are making the case for ISO 9000:2000.

Answer the following questions based on the above case:

Question-1: In your opinion which approach is more appropriate in these circumstances? Why?

Question-2 Provide your arguments "for" and "against" the implementation of each approach

Al-Ain Electronics Company is a large manufacturer of electronics and home appliances in the UAE. Over the past few years, Al Ain Electronics has watched overseas competitors take away market share with products that are priced lower and that at the same time, have developed a reputation for better reliability. The company is not in a dangerous position yet, but the Board of Directors wants to see a concerted effort to improve the company's competitive posture. Among the senior management, two factions have developed. One, led by the vice president of operations, is pressing the CEO to implement total quality management. After all, the aim of TQM is to improve competitiveness, and that is just what is needed. On the other hand, the manufacturing vice president and the director of quality assurance are making the case for ISO 9000:2000.

Answer the following questions based on the above case:

Question-1: In your opinion which approach is more appropriate in these circumstances? Why?

Question-2 Provide your arguments "for" and "against" the implementation of each approach.

Presented here are summarized data from the balance sheets and income statements of Wiper Inc.:

1. If Wiper's stock had a price/earnings ratio of 12 at the end of 2020, what was the market price of the stock?
2. Calculate the cash dividend per share for 2020 and the dividend yield based on the market price calculated in part e.
3. Calculate the dividend payout ratio for 2020.
4. Assume that accounts receivable at December 31, 2020, totaled $325 million. Calculate the number of days' sales in receivables at that date.
5. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019.
6. Calculate the times interest earned ratio for 2020 and 2019.

Presented here are summarized data from the balance sheets and income statements of Wiper Inc.:

1. If Wiper's stock had a price/earnings ratio of 12 at the end of 2020, what was the market price of the stock?
2. Calculate the cash dividend per share for 2020 and the dividend yield based on the market price calculated in part 1
3. Calculate the dividend payout ratio for 2020.
4. Assume that accounts receivable at December 31, 2020, totaled $316 million. Calculate the number of days' sales in receivables at that date.
5. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019.
6. Calculate the times interest earned ratio for 2020 and 2019.

Problem 8-80A
Ratio Analysis

Consider the following information taken from GER's financial statements:

Also, GER's operating cash flows were $12,829 and $14,874 in 2020 and 2019, respectively.

Required:

Round your answers to two decimal places.

1. Calculate the current ratios for 2020 and 2019.

2. Calculate the quick ratios for 2020 and 2019.

3. Calculate the cash ratios for 2020 and 2019.

4. Calculate the operating cash flow ratios for 2020 and 2019.

5. Conceptual Connection: What are some reasons why GER's liquidity may be considered to be improving and some reasons why it may be worsening?

GER’s liquidity appears to hold constant when one looks only at the quick ratio . However, because the receivables and inventories  may not be easily converted to cash, the liquidity of GER may be worsening.

Dr. Mohammed Juma Al Hinai working as a Branch Manager in Oman Arab Bank, Ibri, Oman from the period 2014 onwards. During the period, he got a request from a student in Ibri College of Technology, Ibri to pursue her OJT for a period of two months starting from 1^st May 2020 to 30^th June 2020 in Forex Management domain. But, Dr. Mohammed Juma Al Hinai is very skeptical about the student knowledge level and technical background in the subject Forex Management. In order to understand the student caliber, Dr. Mohammed Juma Al Hinai wishes to conduct a basic examination with certain terms associated to Forex Management and the details are given bellow.

You are required to calculate the following information from the above details:

1. What will be the Direct Quote for the OMR from the period starting from 20^th April 2020 to 23^rd April 2020?                                                                                               
2. What will be the Bid Rate displayed in the OMR market for the period 20^th April 2020 to 23^rd April 2020 from the above Indirect Quote?
3. Determine the spread rate from 20^th April 2020 to 23^rd April 2020 from the above Indirect Quote?                                                                                                               
4. If Dr. Mohammed Juma Al Hinai wish to buy spot OMR on 22^nd April 2020. How much you will pay in PHP?                                                                                                
5. In case Dr. Mohammed Juma Al Hinai wanted to purchase spot PHP. How much would you have to pay in OMR?                                                                                        
6. The Ask rate on 21^st April 2020 is PHP 131.9766/OMR. The price of PHP is expected to appreciate by 2¾ after 20 days. What will be new exchange rate after 20 days?