QUESTION 17
“____________________” was a black leader of the African National Congress and served a 27 year prison term for actively protesting apartheid. In the first open election in South African history, he was elected as president. He has been hailed as preventing a race war in South Africa and as a symbol of racial democracy and justice.
| a. |
Jacob Zuma |
|
| b. |
Nelson Mandela |
|
| c. |
Thabo M. Mbeke |
|
| d. |
F.W. de Klerk |
1 points
QUESTION 18
TRUE or FALSE: According to the Healey, Stepnick & O’Brien text, dominant-minority relationships tend to change most rapidly and dramatically when there are changes in the level of development or basic subsistence technology of the larger society.
True
False
1 points
QUESTION 19
Early relations between Native Hawaiians and Europeans were organized around “____________________” . Therefore, the contact situation did not lead immediately to competition over the control of land or labor as was the case in the United States, South Africa, and Northern Ireland.
| a. |
Slavery |
|
| b. |
War and conflict |
|
| c. |
Agriculture |
|
| d. |
Trade and commerce |
In: Psychology
In: Operations Management
ou are employed as a business analyst at Marketing Department in XYZ company (a company in any field that you may be interested in working there upon your graduation). Your department director has asked you to come up with a draft marketing plan for a new (or an existing improved) product that would be available for consumers in year 2022 in United States.
In general, marketing plans are developed annually, exceptions of longer period do exist for some big-ticket industrial products such as commercial aircraft, as well as to some highly volatile industries such as telecommunications or electronics which may require diligent planning semi annually or quarterly.
Plans typically follow a format similar to that outlined in Exhibit 1.10 "Contents of a Marketing Plan" on page 15 (also in Canvas under "Files") in Chapter One which including ten (10) parts:
In: Operations Management
The text refers to three types of financial decision – the investment decision, the financing decision and the dividend decision. Describe each in detail, and explain how these decisions relate to the corporate objective. Categorise each of the following decisions in terms of whether it is an investment, financing or dividend decision and explain why it is in that category.
(a) Javelin Pharmaceutical Ltd purchases all of the shares in O’Hara Ltd.
(b) Tabcorp Holdings Ltd buys new poker machines for its business.
(c) Brushwood Ltd hopes to raise $53 million in an equity issue of ordinary shares and will use the funds to repay its long-term debt.
(d) Devastation Games Ltd purchases the copyright for a new video game.
(e) News Corporation declares a dividend of 20c per share.
(f) Brushwood Ltd pays $5 million to repurchase 1% of the shares held by its current shareholders.
(g) Creek Ltd announces the raising of $50 million in bonds in the United States.
(h) Charles Grogin sells shares to finance his new online wine cellar.
In: Finance
I need to simulate the interview speech and use the following skills to explain why I want to join the job of security. The speech is from 30 seconds to 1 minute, and the self-introduction part can be omitted. thank you for your help.
Course: Professional Career Development and Management
Experience:I am a veteran and served in the 101st Airborne Division of the United States for 3 years. Because I was at infantry company, I can use a lot of firearms, as well as self-defense skills, fighting skills, emergency treatment, protect customer skills, etc.
U.S Army Infantry
· Air assault (Ability to jump from a helicopter using a rope)
Skills
Language (Korean, Chinese, English.)
Security Guard
Weapons Control
Team player
In: Operations Management
|
PROVIDE EQUATIONS OR FORMULAS a. Using the financial statements shown below, calculate net operating working capital, total net operating capital, net operating profit after taxes, free cash flow, and return on invested capital for the most recent year. The federal-plus-state tax rate is 25%. |
||||||
| Lan & Chen Technologies: Income Statements for Year Ending December 31 | ||||||
| (Millions of Dollars) | 2020 | 2019 | ||||
| Sales | $945,000 | $900,000 | ||||
| Expenses excluding depreciation and amortization | 812,700 | 774,000 | ||||
| EBITDA | $132,300 | $126,000 | ||||
| Depreciation and amortization | 33,100 | 31,500 | ||||
| EBIT | $99,200 | $94,500 | ||||
| Interest Expense | 10,400 | 8,900 | ||||
| EBT | $88,800 | $85,600 | ||||
| Taxes (25%) | 22,200 | 21,400 | ||||
| Net income | $66,600 | $64,200 | ||||
| Common dividends | $43,300 | $41,230 | ||||
| Addition to retained earnings | $23,300 | $22,970 | ||||
| Lan & Chen Technologies: December 31 Balance Sheets | ||||||
| (Millions of Dollars) | ||||||
| Assets | 2020 | 2019 | ||||
| Cash and cash equivalents | $47,250 | $45,000 | ||||
| Short-term investments | 3,800 | 3,600 | ||||
| Accounts Receivable | 283,500 | 270,000 | ||||
| Inventories | 141,750 | 135,000 | ||||
| Total current assets | $476,300 | $453,600 | ||||
| Net fixed assets | 330,750 | 315,000 | ||||
| Total assets | $807,050 | $768,600 | ||||
| Liabilities and equity | ||||||
| Accounts payable | $94,500 | $90,000 | ||||
| Accruals | 47,250 | 45,000 | ||||
| Notes payable | 17,400 | 9,000 | ||||
| Total current liabilities | $159,150 | $144,000 | ||||
| Long-term debt | 90,000 | 90,000 | ||||
| Total liabilities | $249,150 | $234,000 | ||||
| Common stock | $444,600 | $444,600 | ||||
| Retained Earnings | 113,300 | 90,000 | ||||
| Total common equity | $557,900 | $534,600 | ||||
| Total liabilities and equity | $807,050 | $768,600 | ||||
| Key Input Data | ||||||
| Tax rate | 25% | |||||
| Net operating working capital (NOWC) | ||||||
| 2020 | NOWC = | Operating current assets | - | Operating current liabilities | ||
| 2020 | NOWC = | ?? | - | ?? | ||
| 2020 | NOWC = | ?? | ||||
| 2019 | NOWC = | Operating current assets | - | Operating current liabilities | ||
| 2019 | NOWC = | ?? | - | ?? | ||
| 2019 | NOWC = | ?? | ||||
| Total net operating capital (TNOC) | ||||||
| 2020 | TNOC = | NOWC | + | Fixed assets | ||
| 2020 | TNOC = | ?? | + | ?? | ||
| 2020 | TNOC = | ?? | ||||
| 2019 | TNOC = | NOWC | + | Fixed assets | ||
| 2019 | TNOC = | ?? | + | ?? | ||
| 2019 | TNOC = | ?? | ||||
| Investment in total net operating capital | ||||||
| 2020 | 2019 | |||||
| 2020 | Inv. In TOC = | TNOC | - | TNOC | ||
| 2020 | Inv. In TOC = | ?? | - | ?? | ||
| 2020 | Inv. In TOC = | ?? | ||||
| Net operating profit after taxes | ||||||
| 2020 | NOPAT = | EBIT | x | ( 1 - T ) | ||
| 2020 | NOPAT = | ?? | x | ?? | ||
| 2020 | NOPAT = | ?? | ||||
| Free cash flow | ||||||
| 2020 | FCF = | NOPAT | - | Investment in total net operating capital | ||
| 2020 | FCF = | ?? | - | ?? | ||
| 2020 | FCF = | ?? | ||||
| Return on invested capital | ||||||
| 2020 | ROIC = | NOPAT | / | Total net operating capital | ||
| 2020 | ROIC = | ?? | / | ?? | ||
| 2020 | ROIC = | ?? | ||||
| b. Assume that there were 15 million shares outstanding at the end of the year, the year-end closing stock price was $65 per share, and the after-tax cost of capital was 10%. Calculate EVA and MVA for the most recent year. | ||||||
| Additional Input Data | ||||||
| Stock price per share | $65.00 | |||||
| # of shares (in thousands) | 15,000 | |||||
| After-tax cost of capital | 10.0% | |||||
| Market Value Added | ||||||
| MVA = | Stock price | x | # of shares | - | Total common equity | |
| MVA = | ?? | x | ?? | - | ?? | |
| MVA = | ?? | - | ?? | |||
| MVA = | ?? | |||||
| Economic Value Added | ||||||
| EVA = | NOPAT | - | (Operating Capital | x | After-tax cost of capital) | |
| EVA = | ?? | - | ?? | x | ?? | |
| EVA = | ?? | - | ?? | |||
| EVA = | ?? | |||||
In: Finance
On January 1, 2020, the Accumulated Depreciation—Machinery account of Astros Company showed a balance of $370,000. At the end of 2020, after the adjusting entries were posted, it showed a balance of $395,000. During 2020, one of the machines which cost $125,000 was sold for $60,500 cash. This resulted in a loss of $4,000. Assuming that no other assets were disposed of during the year, how much was depreciation expense for 2020?
In: Accounting
extra gold corporation had $ 1290000 8.0 % bond
available for issue on sep 1 2020 interest is paid quartely
begining nov. 30 all of bonds wes issued at par on oct 1
prepare the appropriate entries
a oct 1 2020
b nov. 30 2020
c dec. 31 2020 extra gold year end
d feb 28 2021
In: Accounting
Marmidan Mold Shop Inc. designs and builds molds for the automotive and aircraft industries. The account balances in the company’s general ledger on January 1, 2020 (first day of the new annual fiscal year) were as follows (all account balances are in their normal position):
Cash $ 3,700
Accounts receivable 5,900
Supplies inventory 29,300
Land 168,500
Buildings 116,500
Accumulated depreciation, buildings 37,500
Equipment 58,500
Accumulated depreciation, equipment 18,000
Accounts payable 25,200
Income tax payable 16,600
Interest payable 4,200
Wages payable (due in 2020) 15,700
9% Notes payable ($10,000 due June 30, 2021,
balance due June 30, 2022) 61,500
Common shares 151,500
Retained earnings, Dec. 31, 2019 52,200
Transactions during 2020:
1.The company provided sales services to customers, on credit, for $ 210,300. In addition, the company produced cash sales to customers of $ 62,300.
2.Accounts receivable from customers of $ 15,600 remains to be collected at December 31, 2020.
3.Inventory of $ 62,900 was purchased on credit and debited to the supplies inventory account.
4.Minor parts were purchased with cash for $ 7,400 and debited to the supplies inventory account.
5.Wages payable at the beginning of 2020 were paid early in 2020. In addition, wages were earned by employees and paid during 2020 in the amount of $ 112,000.
6.Income tax payable at the beginning of 2020 was paid early in 2020.
7.Payments of $ 73,000 were made to creditors for supplies previously purchased on credit.
8.One year’s interest at 9% was paid on the notes payable at July 1, 2020.
9. During 2020, Don Tallint, the principal shareholder, purchased a new car for his wife
Debbie. The new car cost $ 45,000 and was paid for with cash from personal sources.
10.Property taxes were paid on the land and buildings in the amount of $ 17,000 with cash.
11.Dividends were declared and paid in cash in the amount of $ 7,200.
The information available for year-end adjusting entries:
12.•Supplies inventory was counted on December 31, 2020, and it was determined the supplies inventory still on hand at yearend was $ 31,900.
13. •Annual depreciation on the buildings is $ 6,000.
14•Annual deprecation on the equipment is $ 5,500
15•Additional wages of $4,000 were earned but are unpaid and unrecorded at December 31, 2020.
16•Interest for six months at 9% per year on the notes payable is unpaid and unrecorded at December 31, 2020.
17•Income taxes of $ 16,500 were unpaid and unrecorded at December 31, 2020.
Question: Prepare a classified statement of financial position for Marmidan Mold Shop Inc. as at December 31, 2020 .
In: Accounting
Marmidan Mold Shop Inc. designs and builds molds for the automotive and aircraft industries. The account balances in the company’s general ledger on January 1, 2020 (first day of the new annual fiscal year) were as follows (all account balances are in their normal position):
Cash $ 3,700
Accounts receivable 5,900
Supplies inventory 29,300
Land 168,500
Buildings 116,500
Accumulated depreciation, buildings 37,500
Equipment 58,500
Accumulated depreciation, equipment 18,000
Accounts payable 25,200
Income tax payable 16,600
Interest payable 4,200
Wages payable (due in 2020) 15,700
9% Notes payable ($10,000 due June 30, 2021,
balance due June 30, 2022) 61,500
Common shares 151,500
Retained earnings, Dec. 31, 2019 52,200
Transactions during 2020:
1.The company provided sales services to customers, on credit, for $ 210,300. In addition, the company produced cash sales to customers of $ 62,300.
2.Accounts receivable from customers of $ 15,600 remains to be collected at December 31, 2020.
3.Inventory of $ 62,900 was purchased on credit and debited to the supplies inventory account.
4.Minor parts were purchased with cash for $ 7,400 and debited to the supplies inventory account.
5.Wages payable at the beginning of 2020 were paid early in 2020. In addition, wages were earned by employees and paid during 2020 in the amount of $ 112,000.
6.Income tax payable at the beginning of 2020 was paid early in 2020.
7.Payments of $ 73,000 were made to creditors for supplies previously purchased on credit.
8.One year’s interest at 9% was paid on the notes payable at July 1, 2020.
9. During 2020, Don Tallint, the principal shareholder, purchased a new car for his wife
Debbie. The new car cost $ 45,000 and was paid for with cash from personal sources.
10.Property taxes were paid on the land and buildings in the amount of $ 17,000 with cash.
11.Dividends were declared and paid in cash in the amount of $ 7,200.
The information available for year-end adjusting entries:
12.•Supplies inventory was counted on December 31, 2020, and it was determined the supplies inventory still on hand at yearend was $ 31,900.
13. •Annual depreciation on the buildings is $ 6,000.
14•Annual deprecation on the equipment is $ 5,500
15•Additional wages of $4,000 were earned but are unpaid and unrecorded at December 31, 2020.
16•Interest for six months at 9% per year on the notes payable is unpaid and unrecorded at December 31, 2020.
17•Income taxes of $ 16,500 were unpaid and unrecorded at December 31, 2020.
Question: Prepare a statement of retained earnings for Marmidan Mold Shop Inc. for the year ended December 31, 2020.
In: Accounting