Explain about the open-source philosophy in Shenzhen. How does the philosophy make Shenzhen ecosystem different from Silicon Valley or business in the US?
In: Economics
As a marketing manager in one of the leading companies in US.
Discuss all the activities in creating value for customer's till capture the value from customers in return ?
In: Finance
Discuss the evolution of US nuclear deterrence strategies from Massive Retaliation through Mutual Assured Destruction. What led to the adoption of each strategy?
In: Operations Management
How is the supreme court case Int'l Refugee Assistance Project v Trump. different from the US Court of Appeals case of the same name?
In: Operations Management
Resettling in the US, how were the challenges faced by Cambodian refugees different economically and socially from the challenges faced by the first wave of Vietnamese refugees?
In: Psychology
Suppose there are just two countries, the US and Germany. Consider the following: US Current Account balance (BCA): -$400 US Financial Account balance (BKA): +$315 The balance on the US Reserve Account is +$85, and it means that US holdings of foreign currency denominated assets decreased The balance on the US Reserve Account is +$85, and it means that US holdings of foreign currency denominated assets increased The balance on the US Reserve Account is -$85, and it means that US holdings of foreign currency denominated assets decreased The balance on the US Reserve Account is -$85, and it means that US holdings of foreign currency denominated assets increased
In: Accounting
In October 2018, 4 people died from a mystery virus after a cruise holiday on Fun Cruises. Their families started legal action against Fun Cruises in November 2018 for a total of $2,000,000, but the company disputes liability. Up to the date of authorisation of the financial statements for the year to 30 June 2019, the lawyers advise that it is probable that the entity will not be found liable. However, when Fun Cruises prepares the financial statements for the year to 30 June 2020, its lawyers advise that, owing to developments in the case relating to a faulty dishwasher, it is probable that they will be found liable. For the year ended 30 June 2019, how should Fun Cruises account for this item in its accounts?
In: Accounting
1. MIGITSU COMPANY
Comparative Balance Sheets
December 31
| Cash | $72,000 | $21,000 | ||||
| Accounts receivable | 87,000 | 77,000 | ||||
| Inventories | 168,000 | 190,000 | ||||
| Land | 70,000 | 99,000 | ||||
| Equipment | 262,000 | 202,000 | ||||
| Accumulated depreciation | (66,000) | (34,000) | ||||
| Total | $593,000 | $555,000 | ||||
| Liabilities and Stockholders’ Equity | ||||||
| Accounts payable | $35,000 | $45,000 | ||||
| Bonds payable | 151,000 | 208,000 | ||||
| Common stock ($1 par) | 218,000 | 176,000 | ||||
| Retained earnings | 189,000 | 126,000 | ||||
| Total | $593,000 | $555,000 |
Additional information:
1. Net income for 2020 was $97,000.
2. Cash dividends of $34,000 were declared and paid.
3. Bonds payable amounting to $57,000 were redeemed for cash $57,000.
4. Common stock was issued for $42,000 cash.
5. Equipment that cost $45,000 and had a book value of $27,000 was sold for $35,000 during 2020; land was sold at cost.
PART A. Prepare a statement of cash flows for 2020 using the indirect method.
PART B. Compute free cash flow
2.
2020 2019
Cash $14,900 $10,400
Accounts receivable. 21,500. 23,400
Land. 19,700 25,900
Buildings 70,100 70,100
Accumulated depreciation—buildings. (14,800) (10,700)
Total $111,400 $119,100
Accounts payable $12,100 $28,300
Common stock 75,400 73,600
Retained earnings 23,900 17,200
Total $111,400 $119,100
Additional information:
1. Net income was $22,400. Dividends declared and paid were $15,700
2. No noncash investing and financing activities occurred during 2020.
3. The land was sold for cash of $4,900.
PART A.) Prepare a statement of cash flows for 2020 using the indirect method.
PART B.) Compute free cash flow
In: Accounting
Assume all of the same facts as in Part I, except that Soccer Inc. uses the percent of receivables or "aging of receivables" method to determine bad debt expense. I will repeat the facts for your convenience: Soccer Inc. had credit sales of $775,000 during 2020. At the end of 2020, the unadjusted ending balance in Soccer’s Allowance for Bad Debt account was $7,600, and the unadjusted balance in its gross accounts receivable account was $239,000. The company has a policy of writing-off any Account Receivable which is outstanding more than 75 days. As of 12/31/20, Soccer has Accounts Receivable balances totaling $2,000 outstanding over 75 days which need to be written off.
Soccer has created the following aging schedule:
|
Age of Receivables |
Gross Receivables |
Probability of Collection |
|
0 – 15 days |
$100,000 |
99% |
|
16 – 45 days |
$75,000 |
97% |
|
46 – 60 days |
$25,000 |
90% |
|
61 – 75 days |
$37,000 |
75% |
|
76 days and Over |
$2,000 |
0% |
You may round your answers to the nearest dollar.
(A) What journal entry would Soccer record to "Write-Off" Accounts Receivable?
(B) What journal entry would Soccer record to recognize 2020 Bad Debt Expense?
(C) What is the adjusted 12/31/2020 balance of Soccer's Gross Accounts Receivable? **(Show calculation)**
(D) What is the adjusted 12/31/2020 balance of Soccer's Allowance for Bad Debt? **(Show calculation)**
(E) What is the adjusted 12/31/2020 balance of Soccer's Net Accounts Receivable? **(Show calculation)**
In: Accounting
2a. How does forecasting cash flows for a multinational project differ from forecasting cash flows for a US based project? b. Describe one way the required return for the project located in a foreign country can be determined if the required return for a similar project located in the US is known. c. When determining the required return for a capital budgeting project located in a foreign country, why does it matter whether the capital market in that foreign country is integrated with the world market or is segmented? How does the required return in a segmented market differ from that in an integrated market?
In: Finance