What was the failure of Mary Barra and how Mary Barra dealed with it? (GM'S CEO) Thank you.
In: Operations Management
What was the success of Mary Barra and how Mary Barra dealed with it? (GM'S CEO) Thank you.
In: Operations Management
What are some of the actions taken by Ken Lay as the CEO of Enron and what were the ethical issues?
In: Economics
In Nike’s sweatshop case what’s the first thing a CEO of nike should do as a business leader?
In: Operations Management
Multiple regression is used by accountants in cost analysis to shed light on the factors that cause costs to be incurred and the magnitudes of their effects.
A petroleum company wanted to evaluate different blends of its gasoline - made by inserting different additives into the manufacturing process. To test this the firm acquired thirty identical cars (make and model) from an auto company and randomly assigned the cars to one of the three blends. The cars were then driven for 30 eight hour days on a dynamometer simulating city and highway driving conditions and the mileage obtained (MPG) was measured at the conclusion of the study. The results are below and require analysis to obtain a decision as to whether one of the blends or more was superior to the others.
Gasoline Blends
| Blend A | Blend B | Blend C |
| 28.6 | 25.6 | 29.6 |
| 27.6 | 26.6 | 28.6 |
| 31 | 31 | 32.5 |
| 29.2 | 29.4 | 29.8 |
| 30.2 | 29.5 | 29.6 |
| 28.9 | 30 | 29.4 |
| 29.1 | 29.6 | 32 |
| 30.2 | 27.5 | 31.2 |
| 28.6 | 31.1 | 31.9 |
| 28.4 | 29.1 | 28.2 |
In: Statistics and Probability
ABC has spend 1.8 million in developing a new software for its payment system for the period of 1 Jan 2015-31 Dec 2016. The company is able to demonstrate that from 1 July 2016 the production process met the criteria for recognition as an intangible asset. The financial year end is 31 Dec. During 2016, the total training cost to improve the employees skill were 300,000£. A focus group of other retail banking providers was invied to a conference of the introduction of the new software in 2016. Cost of the conference was 100,000£. In 2016, ABC acquired another rival company XYZ for a total sum of 200 million. At this date a brand valuation expert valued XYZ brand at 40 million on the basis of useful life of 20 years. Other net assets were deemed to have a fairu value of 125£ million. Explain, how the costs given above should be treated in the financial statement of ABC for the year ending 31 Dec 2016 in relation to intangible assets per IAS38.
In: Accounting
What is the best way to measure the incident of hospital acquired infections? If the goal is to reduce the incidence of hospital acquired infection? What is a reliable tool that can be used to measure this quality indicator?
In: Statistics and Probability
Exercise 21-11
The following facts pertain to a non-cancelable lease agreement
between Teal Mountain Leasing Company and Sandhill Company, a
lessee.
The collectibility of the lease payments by Teal Mountain is probable. Click here to view factor tables. |
Compute the amount of the lease receivable at commencement of
the lease. (For calculation purposes, use 5 decimal
places as displayed in the factor table provided and round answer
to 2 decimal places, e.g. 5,275.15.)
|
Prepare a lease amortization schedule for Teal Mountain for the
5-year lease term. (Round answers to 2 decimal places,
e.g. 5,275.15.)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prepare the journal entries to reflect the signing of the lease
agreement and to record the receipts and income related to this
lease for the years 2020 and 2021. The lessor’s accounting period
ends on December 31. Reversing entries are not used by Teal
Mountain. (Credit account titles are automatically
indented when amount is entered. Do not indent
manually. Round answers to 2 decimal
places, e.g. 5,275.15. Record journal entries in the order
presented in the problem.)
|
Suppose the collectibility of the lease payments was not
probable for Teal Mountain. Prepare all necessary journal entries
for the company in 2020. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually. Round answers to 2 decimal
places, e.g. 5,275.15.)
|
In: Accounting
On January 1, 2020, Ayayai Co. borrowed and received $465,000
from a major customer evidenced by a zero-interest-bearing note due
in 5 years. As consideration for the zero-interest-bearing feature,
Ayayai agrees to supply the customer’s inventory needs for the loan
period at lower than the market price. The appropriate rate at
which to impute interest is 10%.
| (a) | Prepare the journal entry to record the initial transaction on January 1, 2020. | |
| (b) | Prepare the journal entry to record any adjusting entries needed at December 31, 2020. Assume that the sales of Ayayai’s product to this customer occur evenly over the 5-year period. |
(Round present value factor calculations to 5 decimal
places, e.g. 1.25124 and the final answer to 0 decimal places e.g.
58,971. If no entry is required, select "No Entry" for the account
titles and enter 0 for the amounts. Credit account titles are
automatically indented when amount is entered. Do not indent
manually.)
No. | Date | Account Titles and Explanation | Debit | Credit |
| (a) | Jan. 1, 2020Dec. 31, 2020 | |||
| (b) | Jan. 1, 2020Dec. 31, 2020 | |||
(To record Interest Expense) | ||||
Jan. 1, 2020Dec. 31, 2020 | ||||
(To record Unearned Sales Revenue) |
In: Accounting
The following trial balance was extracted from the books of Big Bamboo Limited on December 31, 2020
| Big Bamboo Ltd | ||
|
Trial Balance as at January 1, 2020 |
||
|
Motor vehicle at cost |
10,600 |
|
|
Provision for depreciation on Motor Vehicle |
2,120 |
|
|
Building at cost |
90,000 |
|
|
Provision for depreciation on Buildings |
1,800 |
|
|
Stock at January 1, 2020 |
53,000 |
|
|
Carriage inwards |
500 |
|
|
Debtors |
50,130 |
|
|
Returns Inwards |
6,000 |
|
|
Returns Outwards |
5,560 |
|
|
Bad debt provision |
1,100 |
|
|
Cash |
3,200 |
|
|
Creditors |
30,350 |
|
|
Bank overdraft |
15,500 |
|
|
Sales |
600,000 |
|
|
Purchases |
440,000 |
|
|
Wages |
93,200 |
|
|
Insurance |
54,100 |
|
|
Discount received |
8,300 |
|
|
Drawings |
14,000 |
|
|
Capital |
150,000 |
|
|
814,730 |
814,730 |
|
Additional Information:
1. Stock at December 31, 2020 $80,000
2. Payment of $10,100 for insurance relates to the first quarter of 2021.
3. Wages owing $4,800
4. Provision for bad debt is to be increased to $1,500
5. Depreciation on fixed assets:
- Motor vehicles 10% on cost
- Buildings 15 % on the reducing balance method
Required:
Prepare for Big Bamboo Limited:
(a) An income statement for the year ended December 31, 2020
(b) A statement of financial position as at December 31, 2020
In: Accounting