Think of a company you know – whether as a customer, employee, supplier, etc. -- which is earning substantial profits in spite of the 2020 Covid pandemic and resulting economic downfall. How would each of the theories of justice in economic distribution – utilitarian, libertarian, or egalitarian – apply?

Starbucks

select among the nine factors to reduce a labor surplus

what options could the company use to respond to excess staff beginning in March 2020 to reduce its workforce due to the pandemic? Discuss at least five factors through available resources.  

You have been hired as a consultant for Wrigley a well-known and loved worldwide manufacturer of chewing gum. Three of these brands - Juicy Fruit®, Wrigley's Spearmint® and Altoids® - have heritages stretching back more than a century. Wrigley sells its products in more than 180 countries around the world. The CEO of Wrigley, William Perez is in charge of a recent acquisition of a manufacturer of organic chewing gum, Natural Mint, Inc. which is located in Portland, Oregon. The company has one main product which is made in five flavors. He has asked you to prepare a preliminary cost-volume-profit analysis to determine whether changes should be made to the cost structure of selling expenditures.

The following information was presented for use in the analysis:

Selling price per unit: $2.00

Questions (each question is independent of the others):

1. What is the current break-even point in units and in dollars? Also compute the margin of safety.

2. Assume the company sold 500,000 packs of gum last year. What is Natural Mint's operating leverage? If sales decreased 10%, by what % will Net Income decrease? Create a contribution margin income statement to prove that your calculations are correct.

3. What is the break-even point in units if variable selling costs are increased to 0.05 per unit? Would you recommend this change to the CEO if the expected sales level is 520,000 packages? Explain - consider the breakeven point and profit.

4. Independent of Question 3, what is the break-even point in dollars if the variable selling is eliminated and replaced with an increase to Fixed Selling costs of $200,000? Would you recommend this change to the CEO if the expected sales level is 550,000 units? Explain - consider the breakeven point margin of safety and profit.

Assume that the Moon's orbit around Earth us approximately circular, and use this to calculate the distance to the Moon from Earth.

Outline the advantages and disadvantages of purchasing a CALL at 67pence and writing a PUT at 66 pence for an MNC importing from the US

Are men and women inherently different, or are they essentially the same, through society teaches us to be different from each other?

Luxley Corporation has $150,000 of income before taxes in its 2020 accounting records. In computing income tax expense, Luxley makes the following                                          
observations of differences between the accounting records and the tax return:                                          
                                          
1.     An accelerated depreciation method is used for tax purposes. In 2020, Luxley reports $12,000 more depreciation expense for tax purposes                                           
than it shows in the accounting records. The excess depreciation is expected to reverse in 2023.                                          
                                          
2.     In 2020, Luxley collected $120,000 from a business that is renting a portion of its warehouse. The $120,000 covers the rental payment                                           
for the four years 2021-2024, and therefore no rental revenue has been recognized for 2020. However, XYZ must pay taxes on the entire                                           
amount collected in 2020.                                          
                                          
The enacted tax rate in 2020 is 21%. It is 23% in 2021 and in 2022, and is 24% in 2023 and years following.                                          
                                          
Required:                                          
a.   Calculate taxable income for 2020.                                       
                                          
b.   Prepare the journal entry necessary to record income taxes at the end of 2020.                                        
                                          
c.   How would any deferred tax amounts be reported on a classified balance sheet?                                        
                                          
d.   Assume that Luxley’s 2021 pretax accounting income is $27,000 and that Luxley reports $6,000 more depreciation expense                                       
   for tax purposes than it shows in the accounting records, expected to reverse in 2024. Also during 2021, Luxley invests in tax-free                                       
   municipal bonds that earn $9,000 interest in 2021. Prepare the journal entry necessary to record income taxes at the end of 2021.                                        
                                          
e.   What is the amount of net income or loss that Luxley would report on its 2021 income statement and how will it be reported?                    

What do you believe makes us human? Base your response from the GCU introduction and the textbooks. Cite references from your reading to support your answer

ABC Company began operations on July 1, 2019. The company was organized and owned by three former employees of a large computer manufacturer. The firm produces a component used in several brands of personal computers. One of the major stockholders has just finished her first accounting course at a nearby university and has agreed to perform accounting services for the firm. At the end of July, she prepared the following income statement: ABC Company Income Statement For the Month Ended July 31, 2019 US $ US $ Sales 600,000 Operating expenses: Selling and administrative 156,000 Raw materials purchased 192,000 Direct labor 161,000 Indirect labor 70,000 Building rent 60,000 Utilities 20,000 Royalty on production patent 60,000 Plant maintenance 18,000 Plant equipment rental 20,000 Total operating expenses 757,000 Net income (loss) (157,000) The accountant was very confused when she completed the income statement. Throughout the month, the three owners observed that the sales and production performance for the firm had been in line with their expectations. In addition, the selling price per component had been $20, which was the expected selling price. Yet, the income statement shows a significant net loss of $157,000 for the first month of operations. The company president’s reaction to the financial results was even more negative after he had a chance to review the calculations. “This simply cannot reflect what happened,” was his initial comment. “We were expecting a unit production cost for each component in the $12 to $13 range when we set our selling price of $20, which is compatible with the price charged by our main competitors. Now you are telling me that our unit cost must be significantly higher than that when we produced 40,000 units during July. What in the world is wrong? We cannot survive at this rate and we sure cannot raise our selling price. Let’s look at these numbers again.” The accountant reconsidered the situation and discovered the following: 1. Inventories at the end of July: Raw materials $22,000 Work in process $80,000 Finished goods ? 2. The production operation uses 70% of the building and the selling and administrative functions occupy the other 30%. Utilities are used in the same ratio. 3. A production patent used by the firm has a royalty of $2 per component produced. 4. Rent on the plant equipment is $5,000 per month plus $0.5 per component produced. Required: A. How many components were sold during July? B. How many components were in the ending finished goods inventory on July 31, 2019? C. Prepare a corrected income statement for July and a supporting cost of goods manufactured statement. Determine the unit production cost for each of the 40,000 components produced to compute the cost of the ending finished goods inventory