Daniel Perkins is the sole shareholder of Pearl Inc., which is currently under protection of the U.S. bankruptcy court. As a “debtor in possession,” he has negotiated the following revised loan agreement with United Bank. Pearl Inc.’s $665,000, 11%, 10-year note was refinanced with a $665,000, 6%, 10-year note.

a) What is the accounting nature of this transaction? b) Prepare the journal entry to record this refinancing: c)On the books of Pearl Inc d)On the books of United Bank.

Provide the current Valuation Ratios for the company United Parcel Service (UPS) and explain what they mean and what the number tells us. Also, why is this ratio important to the company? Compare these ratios to the industry financial ratios. Lastly, look at trends within United Parcel Service (UPS) company over time and explain if they are doing better, worse or holding steady, and how is the company doing and where can the company perform better?  

Please cite where the information comes from.

1. identify and describe United Airlines strategies. Develop strategy utilizing the strategies developed from your matrices, construct a Quantitative Strategic Planning Matrix (QSPM) (Most important analysis). Be specific in terms strategies. You should have at least three strategies including one that state "keep current strategy".

2. Present detail 3 recommendations for United Airlines and include justification for these recommendations. Compare and contrast your recommendations to actual strategies planned by the company.

Due to population change, Goose Creek School District has decided to close one of its high schools. Since it has no further need of the property, the school is listed for sale. The two bids it receives are as follows: United Methodist Church $1,700,000 Planet Motors 1,600,000 The United Methodist Church would use the property to establish a sectarian middle school. Planet, a well-known car dealership, would revamp the property and operate it as a branch location.

What are Treasury Department Regulations?

Internet giant Zoidle, a U.S. company, generated sales of £2.5 billion in the United Kingdom in 2013 (approximately $4 billion in U.S. dollars). Its net profits before taxes on these sales were £200 million, and it paid £6 million in corporate tax, resulting in a tax rate of 3 percent. The corporate tax rate in the United Kingdom is between 20 percent and 24 percent.

The CEO of Zoidle held a press conference stating that he was proud of his company for taking advantage of tax loopholes and for sheltering profits in other nations to avoid paying taxes. He called this practice “capitalism at its finest.” He further stated that it would be unethical for Zoidle not to take advantage of loopholes and that it would be borderline illegal to tell shareholders that the company paid more taxes than it had to pay because it felt that it should. Zoidle receives significant benefits for doing business in the United Kingdom, including tremendous sales tax exemptions and some property tax breaks. The United Kingdom relies on the corporate income tax to provide services to the poor and to help run the agency that regulates corporations. Is it ethical for Zoidle to avoid paying taxes? Why or why not?

Describe how you would advise the company to act in the following situation. Please be sure to describe your ethical reasoning process.

"You ask students to identify European countries on a map. On average students will identify 10% of the countries correctly. A similar test for US states indicates a 45% success rate. Asking students to identify 7 European countries and 3 US states, what is the chance that students will correctly identify at least 50% of the countries/states?"

"You have a set of 100 batteries. 13 of these batteries are defective. Testing 25 batteries, what is the probability to find 3 or more of the 25 batteries failing?"

We have considered a regression equation to predict life expectancy from percent of government expenditure on health care, using data for a sample of 50 countries in SampCountries. Using technology and this dataset, find a 95% prediction interval for each of the following situations.

(a) A country which puts only 3% of its expenditure into health care. Round your answers to one decimal place.

(b) A country which puts 10% of its expenditure into health care. Round your answers to two decimal places.

(c) A country which puts 50% of its expenditure into health care. Round your answers to two decimal places.

We have considered a regression equation to predict life expectancy from percent of government expenditure on health care, using data for a sample of 50 countries in SampCountries. Using technology and this dataset, find a 95% prediction interval for each of the following situations.

(a) A country which puts only 3% of its expenditure into health care. Round your answers to one decimal place.

(b) A country which puts 10% of its expenditure into health care. Round your answers to two decimal places.

(c) A country which puts 50% of its expenditure into health care. Round your answers to two decimal places.

Barry Potter and Winnie Weasley are considering making an S election on March 1, 2019, for their C corporation, Omniocular. However, first they want to consider the implications of the following information:

• Winnie is a U.S. citizen and resident.
• Barry is a citizen of the United Kingdom, but a resident of the United States.
• Barry and Winnie each own 50 percent of the voting power in Omniocular. However, Barry's stock provides him with a claim on 60 percent of the Omniocular assets in liquidation.
• Omniocular was formed under Arizona state law, but it plans on eventually conducting some business in Mexico.

For the remainder of the problem, assume Omniocular made a valid S election effective January 1, 2019. Barry and Winnie each own 50 percent of the voting power and have equal claim on Omniocular's assets in liquidation. In addition, consider the following information:

• Omniocular reports on a calendar tax year.
• Omniocular's earnings and profits as of December 31, 2018, were $55,000.
• Omniocular's 2018 taxable income was $15,000.
• Omniocular's assets at the end of 2018 are as follows:

*$110,000 under FIFO accounting.

• On March 31, 2019, Omniocular sold the land for $42,000.
• In 2019, Omniocular sold all the inventory it had on hand at the beginning of the year. This was the only inventory it sold during the year.

• Assume that if Omniocular were a C corporation for 2019, its taxable income would have been $88,500.

For the following questions, assume that after electing S corporation status Barry and Winnie had a change of heart and filed an election to terminate Omniocular's S election, effective August 1, 2020.

In 2020, Omniocular reported the following income/expense items: F. For tax purposes, how would you recommend Barry and Winnie allocate income between the short S corporation year and the short C corporation year if they would like to minimize double taxation of Omniocular's income?

F. For tax purposes, how would you recommend Barry and Winnie allocate income between the short S corporation year and the short C corporation year if they would like to minimize double taxation of Omniocular's income?