Key information for the Plant City Division (PCD) of Barkley Industries for 2019 are as follows: Revenues $15,000,000 Operating Income 1,800,000 Total Assets 10,000,000 PCD managers are evaluated and rewarded on the basis of ROI defined as operating income divided by total assets. Barkley Industries expects its divisions to increase ROI each year. Next year, 2020, appears to be a difficult year for PCD. PCD had planned a new investment to improve quality but, in view of poor economic conditions, has postponed the investment. ROI for 2020 was certain to decrease if PCD had made the investment. Management is now considering ways to meet its target ROI of 20% for next year. It anticipates revenues to be steady at $15 million in 2020.

Required: (a) Calculate PCD’s return on sales and ROI for 2019.

(b) (1) By how much would PCD need to cut costs in 2020 to achieve its target ROI of 20%, assuming no change in total assets between 2019 and 2020?

(2) By how much would PCD need to decrease total assets in 2020 to achieve its target ROI of 20%, assuming no change in operating income between 2019 and 2020?

(c) Calculate PCD’s Residual Income (RI)* in 2019, assuming a required rate of return on investment of 15%.

(d) PCD wants to increase RI by 50% in 2020. Assuming it could cut costs by $45,000 in 2020, by how much would PCD need to decrease total assets in 2020?

(e) Barkley Industries is concerned that the focus on cost cutting, asset sales and no new investments will have an adverse long-run effect on PCD’s customers. Yet Barkley wants PCD to meet its financial goals. What other measurements, if any do you recommend that Barkley use? Explain briefly. * Residual Income = Operating Income – (Total Assets x Required Rate of Return) [Residual Income as a performance measure has the advantage of motivating managers to act in the best interest of the company as a whole.]

Presented below are two independent situations related to future taxable and deductible amounts resulting from temporary differences existing at December 31, 2020. 1. Larkspur Co. has developed the following schedule of future taxable and deductible amounts. 2021 2022 2023 2024 2025 Taxable amounts $400 $400 $400 $400 $400 Deductible amount — — — (2,200 ) 2. Cullumber Co. has the following schedule of future taxable and deductible amounts. 2021 2022 2023 2024 Taxable amounts $400 $400 $400 $400 Deductible amount — — (2,300 ) — Both Larkspur Co. and Cullumber Co. have taxable income of $3,900 in 2020 and expect to have taxable income in all future years. The tax rates enacted as of the beginning of 2020 are 30% for 2020–2023 and 35% for years thereafter. All of the underlying temporary differences relate to noncurrent assets and liabilities. 1. Compute the net amount of deferred income taxes to be reported at the end of 2020, and indicate how it should be classified on the balance sheet for situation one.

2. Compute the net amount of deferred income taxes to be reported at the end of 2020, and indicate how it should be classified on the balance sheet for situation two.

How can states’ domestic politics be shaped by their interactions with other states or international actors (e.g. NGOs/TANs, MNCs, IOs, etc.)? What is the nature of this influence (e.g. material capabilities or ideas) and which factors are most important?

. What are the differences between strong or high-capacity states and fragile or low-capacity states? Be as specific and detailed as possible

D4. Discuss whether internally generated intangible assets should be treated in the same way as acquired intangible assets.

D4. Discuss whether internally generated intangible assets should be treated in the same way as acquired intangible assets.

how to recognize and measure identifiable assets acquired and liabilities assumed in business combination ? Explain in around 1500 words

How is KPC resistance acquired? What genetic elements does it have and what resistance mechanisms do these confer?

Presented below is the comparative balance sheet for Wildhorse Inc., a private company reporting under ASPE, at December 31, 2021, and 2020:

Prepare a cash flow statement for the year using the direct method.

please answer this

Salad Ltd acquired all the net assets of an existing business, Lettuce Ltd on 1 July 2020. The statements of financial position of the two companies immediately prior to the acquisition were as follows:

All of the assets of Lettuce Ltd are recorded at fair value, with the exception of:

*Fair value excluding Lettuce’s vacant land.

The terms of the acquisition are as follows:

• Salad Ltd is to acquire all of the assets, except cash, delivery trucks and motor vehicles of Lettuce Ltd and will assume all of the liabilities except accounts payable.
• Salad Ltd is to give the share-holders of Lettuce Ltd a block of vacant freehold land, two delivery vehicles and sufficient additional cash to enable the company to pay of the accounts payable and then liquidation costs of $1,600.
• On the liquidation of Lettuce Ltd, the former directors are to receive the land, motor

vehicles and the delivery trucks. The land and vehicles had the following values at 1 July 2020:

Required:

1. Prepare the acquisition analysis in relation to the acquisition.
2. Prepare the journal entries in Salad Ltd to record the business combination.
3. Prepare the statement of financial position of Salad Ltd immediately subsequent to the acquisition.