George wants to prepare a Cash Flow Statement to understand the businesses’ financial position. George has asked you for assistance with the preparation of the Cash Flow Statement. The information below was provided by George for the year ended 30 June 2020.
|
$ |
|
|
Beginning cash balance at 30 June 2019 |
20,000 |
|
Cash paid to repay Credit Union Loan |
55,000 |
|
Cash from issuing shares to a new investor |
50,000 |
|
Cash paid for Wages |
21,000 |
|
Cash received from customers |
70,000 |
|
Cash paid to purchase new Equipment |
20,000 |
|
Interest paid |
15,000 |
|
Paid Dividend |
10,000 |
|
Cash received from sale of fixed assets |
75,000 |
|
Revenue from credit sales |
10,000 |
|
Depreciation expense – equipment |
35,000 |
|
Interest owing for a bank loan (payment due on 5 July 2020) |
14,000 |
|
Cash paid for inventories |
50,000 |
To help George, you are required to calculate the following cash inflows and outflows and the ending balance as of 30 June 2020:
a) Cash flow (cash receipts and payments) from operational activities
b) Cash flow (cash receipts and payments) from investing activities
c) Cash flow (cash receipts and payments) from financing activities
d) Ending cash balance
In: Accounting
Question 110 pts
The relatively short-term changes in allele frequencies within a population is __________.
Group of answer choices
Adaptation
Microevolution
Fitness
Natural Selection
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Question 210 pts
This world has many, diverse forms inhabiting every nook and cranny on, above, and below the surface of this Earth.
Group of answer choices
True
False
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Question 310 pts
The _______ occurs when large numbers of a population die off leaving a small gene pool in the surviving population.
Group of answer choices
Founder Effect
Bottleneck Effect
Pinched Neck
Reduced Viability Effect
Punctuated Equilibrium Effect
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Question 410 pts
The Founder Effect occurs when __________.
Group of answer choices
many members of a population reproduce causing too much genetic diversity within the population
small groups of individuals leave their home population and establish new settlements, mating only among themselves
many members of a population die, resulting in a great loss of genetic diversity
large groups of individuals leave their home population and establish new settlements, mating only among themselves
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Question 510 pts
__________ is the movement of gene sets in and out of a population due to death, immigration, emigration, etc. smoothing out the variations in characteristics over time.
Group of answer choices
Gene Transfer
Gene Growth
Lipid Flow
Gene Flow
Protein Flow
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Question 610 pts
____________ is the change in large characteristics of a group of organisms leading to novel traits, new species, and unique new groups of organisms.
Group of answer choices
Microevolution
Macroevolution
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Question 710 pts
A _________ is a group of individuals of the same species living in the same place at the same time.
Group of answer choices
Community
Biome
Ecosystem
Species
Population
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Question 810 pts
__________ Selection is a type of Natural Selection which tends to move the most common form toward one of the extremes.
Group of answer choices
Destabilizing
Stabilizing
Unidirectional
Diversifying
Directional
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Question 910 pts
The _________ occurs when a small group of individuals are the entire gene pool of all future generations of a species producing traits which are not necessarily characteristic of the original, large population.
Group of answer choices
Reduced Viability Effect
Punctuated Equilibrium Effect
Bottleneck Effect
Pinched Neck
Founder Effect
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Question 1010 pts
Which one of the following would a Biologist describe as Microevolution?
Group of answer choices
a change in the gene pool of a population from one generation to the next but no new species are formed
the formation of new species
the extinction of species
dramatic biological changes, such as the origin of wings on a bird which leads to a new novel characteristic and true flight
In: Biology
Use the information from the case, as well as content from the course to support your answers.
Wainwright Industries:
An Entirely New Philosophy of Business Based on Customer Satisfaction and Quality
In the early 1980s, Wainwright Industries, a manufacturer of stamped and machine parts, was facing nothing less than a crisis. Increased competition, along with intensified customer scrutiny, was forcing Wainwright to either improve quality or lose its competitive stature. In the face of this challenge, the employees of the company, led by CEO Arthur D. Wainwright, decided to make radical changes. It was clear that business as usual with a few minor improvements would not save the company. What Wainwright needed was an entire new philosophy of doing business based on quality and total customer satisfaction.
To determine how to achieve this objective, Wainwright used the criteria for the Malcolm Baldrige award as a road map. Drawing input from all levels of the company, the top management team led the process by setting goals, developing implementation strategies, and establishing key quality standards. Initially, the company emphasized three principles:
As a creative way of demonstrating the importance of working together, the company adopted the duck as its mascot, based on the fact that ducks fly in formation as a means of supporting one another in flight. In addition, whenever a duck falls out of formation, it suddenly feels the drag and resistance of trying to fly alone and quickly returns to the flock. Wainwright used this analogy to support the concepts of teamwork and employee empowerment, which were integral parts of the company's quality improvement efforts.
Along its journey toward improved quality, a number of specific initiatives were implemented:
Special emphasis was placed on training and benchmarking. Since it initiated its quality program, the company has spent up to 7% of its annual payroll on training. To demonstrate its resolve in this area, the company has made training an important criterion for employee advancement. Wainwright has benchmarked against a number of companies, including firms in the textiles, chemical, and electronics industries. For instance, after studying Milliken & Company, a previous Baldrige award winner, Wainwright implemented an employee suggestion program that has been very effective.
Along with the changes mentioned previously, Wainwright also has changed its culture to make it more egalitarian and quality minded. The employees at Wainwright (including the CEO) now all wear the same uniform, eat in the same cafeteria, and park in the same parking lot. Office walls have literally been torn down and replaced with glass, based on the premise that if the managers can watch the frontline employees work, the frontline employees should be able to watch the managers work, too. As a result of these changes, the managers of the company have become coaches and facilitators rather than supervisors and disciplinarians. This important change has helped facilitate the teamwork atmosphere that is supportive of high quality and total customer satisfaction.
The results of the company's continuous improvement efforts are linked to five strategic indicators:
The status of each of these criteria is tracked by "mission control," a room set aside to document the company's efforts. In mission control, each customer's satisfaction is documented with a plaque, a current monthly satisfaction rating, and a red or green flag indicating the customer's status relative to objectives.
As a result of these initiatives, Wainwright has met the challenge. It has not only survived but has emerged as an industry leader. The company has earned the status of preferred supplier to a growing number of quality-conscious customers and has received special recognition from General Motors, Ford, and IBM Rochester. The goal of Six Sigma quality is being pursued. Perhaps most important, in the last decade, overall customer satisfaction has increased from 84% to 95%, and the company's market share, revenues, and profits are at record levels. Ironically, the company was one of the recipients of the Malcolm Baldrige award, the very award against which the company benchmarked in its early days of quality improvement.
Assignment
Answer the following questions in depth in the booklet provided.
Egalitarianism (from French égal, meaning "equal")—or, rarely, equalitarianism [1] [2] or equalism [3] —is a trend of thought that favors equality for all people. [4] Egalitarian doctrines maintain that all humans are equal in fundamental worth or social status, according to the Stanford Encyclopedia of Philosophy. [5] According to the Merriam-Webster Dictionary, the term has two distinct definitions in modern English: [6] either as a political doctrine that all people should be treated as equals and have the same political, economic, social, and civil rights; [7] or as a social philosophy advocating the removal of economic inequalities among people, economic egalitarianism, or the decentralization of power. Some sources define egalitarianism as the point of view that equality reflects the natural state of humanity. [8][9][10]
(www.wikipedia.com)
In: Operations Management
Ayayai Company has the following securities in its portfolio on
December 31, 2020. None of these investments are accounted for
under the equity method.
|
Investments |
Cost |
Fair Value |
||
| 1,500 shares of Gordon, Inc., Common | $72,500 | $68,500 | ||
| 5,000 shares of Wallace Corp., Common | 176,300 | 171,700 | ||
| 400 shares of Martin, Inc., Preferred | 63,300 | 64,800 | ||
| $312,100 | $305,000 |
All of the securities were purchased in 2020.
In 2021, Ayayai completed the following securities
transactions.
| March 1 | Sold the 1,500 shares of Gordon, Inc., Common, @ $45 less fees of $1,200. | |
| April 1 | Bought 700 shares of Earnhart Corp., Common, @ $75 plus fees of $1,300. |
Ayayai’s portfolio of equity securities appeared as follows on
December 31, 2021.
|
Investments |
Cost |
Fair Value |
||
| 5,000 shares of Wallace Corp., Common | $176,300 | $171,700 | ||
| 700 shares of Earnhart Corp., Common | 53,800 | 50,100 | ||
| 400 shares of Martin, Inc., Preferred | 63,300 | 61,300 | ||
| $293,400 | $283,100 |
Prepare the general journal entries for Ayayai Company
for:
| (a) | The 2020 adjusting entry. | |
| (b) | The sale of the Gordon stock. | |
| (c) | The purchase of the Earnhart stock. | |
| (d) | The 2021 adjusting entry for the trading portfolio. |
In: Accounting
Ayayai Company has the following securities in its portfolio on
December 31, 2020. None of these investments are accounted for
under the equity method.
|
Investments |
Cost |
Fair Value |
||
| 1,500 shares of Gordon, Inc., Common | $72,500 | $68,500 | ||
| 5,000 shares of Wallace Corp., Common | 176,300 | 171,700 | ||
| 400 shares of Martin, Inc., Preferred | 63,300 | 64,800 | ||
| $312,100 | $305,000 |
All of the securities were purchased in 2020.
In 2021, Ayayai completed the following securities
transactions.
| March 1 | Sold the 1,500 shares of Gordon, Inc., Common, @ $45 less fees of $1,200. | |
| April 1 | Bought 700 shares of Earnhart Corp., Common, @ $75 plus fees of $1,300. |
Ayayai’s portfolio of equity securities appeared as follows on
December 31, 2021.
|
Investments |
Cost |
Fair Value |
||
| 5,000 shares of Wallace Corp., Common | $176,300 | $171,700 | ||
| 700 shares of Earnhart Corp., Common | 53,800 | 50,100 | ||
| 400 shares of Martin, Inc., Preferred | 63,300 | 61,300 | ||
| $293,400 | $283,100 |
Prepare the general journal entries for Ayayai Company
for:
| (a) | The 2020 adjusting entry. | |
| (b) | The sale of the Gordon stock. | |
| (c) | The purchase of the Earnhart stock. | |
| (d) | The 2021 adjusting entry for the trading portfolio. |
In: Accounting
On July 1, 2018, the Churab Company paid $190,000 in return for a 5% interest (9,500 shares) in the UNCY Corporation’s common stock. On December 21, 2018, UNCY paid all of its stockholders a cash dividend of $1.00 a share. On December 31, 2018, UNCY’s common stock had a market value of $35 a share. On August 31, 2019, UNCY declared a 3-for-1 stock split of its common stock. On November 30, 2019, UNCY issued 100,000 shares of preferred stock that would be convertible, at the option of its stockholders, into 60,000 shares of common stock no earlier than 2022. On December 31, 2019, UNCY’s common stock had a market value of $32 a share. On February 1, 2020, Churab sold 4,000 shares of its UNCY stock for $68 a share. On December 21, 2020, UNCY paid all of its stockholders a cash dividend of $1.00 a share. On December 31, 2020, UNCY’s common stock had a market value of $70 a share. Provide all of the journal entries that the Churab Company would make for the investment activity described above.
Note: this is different in the previous one, please do not copy and paste the answer because it will not match
In: Accounting
Ayayai Company has the following securities in its portfolio on
December 31, 2020. None of these investments are accounted for
under the equity method.
|
Investments |
Cost |
Fair Value |
||
| 1,500 shares of Gordon, Inc., Common | $76,400 | $72,200 | ||
| 5,000 shares of Wallace Corp., Common | 184,100 | 179,300 | ||
| 400 shares of Martin, Inc., Preferred | 56,200 | 57,800 | ||
| $316,700 | $309,300 |
All of the securities were purchased in 2020.
In 2021, Ayayai completed the following securities
transactions.
| March 1 | Sold the 1,500 shares of Gordon, Inc., Common, @ $45 less fees of $1,200. | |
| April 1 | Bought 700 shares of Earnhart Corp., Common, @ $75 plus fees of $1,300. |
Ayayai’s portfolio of equity securities appeared as follows on
December 31, 2021.
|
Investments |
Cost |
Fair Value |
||
| 5,000 shares of Wallace Corp., Common | $184,100 | $179,300 | ||
| 700 shares of Earnhart Corp., Common | 53,800 | 50,200 | ||
| 400 shares of Martin, Inc., Preferred | 56,200 | 54,400 | ||
| $294,100 | $283,900 |
Prepare the general journal entries for Ayayai Company
for:
| (a) | The 2020 adjusting entry. | |
| (b) | The sale of the Gordon stock. | |
| (c) | The purchase of the Earnhart stock. | |
| (d) | The 2021 adjusting entry for the trading portfolio. |
In: Accounting
Nabor Industries is considering going public but is unsure of a fair offering price for the company. Before hiring an investment banker to assist in making the public? offering, managers at Nabor have decided to make their own estimate of the? firm's common stock value. The? firm's CFO has gathered data for performing the valuation using the free cash flow valuation model.
The? firm's weighted average cost of capital is 15 % and it has $1,830,000 of debt at market value and $370,000 of preferred stock at its assumed market value. The estimated free cash flows over the next 5? years, 2016 through? 2020, are given in the? table. Beyond 2020 to? infinity, the firm expects its free cash flow to grow by 5 % annually.
|
2016 |
?$280,000 |
|
2017 |
?$320,000 |
|
2018 |
?$360,000 |
|
2019 |
?$430,000 |
|
2020 |
$470,000 |
a.??Estimate the value of Nabor? Industries' entire company by using the free cash flow valuation model.
b.??Use your finding in part a?, along with the data provided? above, to find Nabor? Industries' common stock value.
c.??If the firm plans to issue 200,000 shares of common? stock, what is its estimated value per? share?
In: Finance
Problem 4 (Allocation of Cash Dividends to Preference and Ordinary Shareholders)
The Company has the same capital structure (except for retained earnings) for the past five year, see details below:
6% Preference Share Capital, 80,000 shares issued and outstanding, P 50 par P4,000,000
Ordinary Share Capital, 200,000 shares issued and outstanding, P 30 par 6,000,000
Retained Earnings 5,000,000
No dividends were paid prior to 2020 for two years. On December 10, 2020, the Company declared P 1,500,000 as cash dividends to shareholders of record of December 21, 2020, payable on January 5, 2021.
Requirements:
Case A. Preference share capital is NON-CUMULATIVE and NON-PARTICIPATING
Case B. Preference share capital is CUMULATIVE and NON-PARTICIPATING
Case C. Preference share capital is NON-CUMULATIVE and FULLY PARTICIPATING
Case D. Preference share capital is NON-CUMULATIVE and PARTICIPATING UP TO ADDITIONAL 5%
In: Accounting
Nabor Industries is considering going public but is unsure of a
fair offering price for the company. Before hiring an investment
banker to assist in making the public offering, managers at Nabor
have decided to make their own estimate of the firm's common stock
value. The firm's CFO has gathered data for performing the
valuation using the free cash flow valuation model. The firm's
weighted average cost of capital is 13%, and it has $2,190,000 of
debt at market value and $440,000 of preferred stock at its assumed
market value. The estimated free cash flows over the next 5 years,
2016 through 2020, are given in the table, Beyond 2020 to
infinity, the firm expects its free cash flow to grow by 3%
annually.
|
2016 |
$290,000 |
|
2017 |
$350,000 |
|
2018 |
$430,000 |
|
2019 |
$500,000 |
|
2020 |
$530,000 |
a. Estimate the value of Nabor Industries' entire company by
using the free cash flow valuation model.
b. Use your finding in part along with the data provided above, to
find Nabor Industries' common stock value.
c. If the firm plans to issue 200,000 shares of common stock, what
is its estimated value per share?
In: Finance