Questions
American Food Services, Inc., leased a packaging machine from Barton and Barton Corporation. Barton and Barton...

American Food Services, Inc., leased a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2018. The lease agreement for the $4.5 million (fair value and present value of the lease payments) machine specified four equal payments at the end of each year. The useful life of the machine was expected to be four years with no residual value. Barton and Barton’s implicit interest rate was 8%.

1. Prepare the journal entry for American Food Services at the beginning of the lease on January 1, 2018.
2. Prepare an amortization schedule for the four-year term of the lease.
3. & 4. Prepare the appropriate entries related to the lease on December 31, 2018 and 2020.

In: Accounting

Suppose instead that advertising attracts new customers into the market, as illustrated by the payoffs in...

Suppose instead that advertising attracts new customers into the market, as illustrated by the payoffs in the second payoff matrix below. Each airline’s advertisements are different, so the effectiveness of each airline’s advertising campaign in attracting new customers to the market is different as well.

  1. Do the firms have dominant strategies? If so, what are they?
  2. What is the Nash equilibrium?
  3. What is the Stackelberg equilibrium if American Airlines makes their advertising decision first?
  4. What is the Stackelberg equilibrium if United Airlines makes their advertising decision first?

American Airlines (A)

Do Not Advertise

Advertise

United Airlines (U)

Do Not Advertise

A = 2

U = 2

A = 6

U = 6

Advertise

A = 0

U = 6

A = 5

U = 5

In: Economics

American Products is concerned about managing cash efficiently. On the​ average, inventories have an age of...

American Products is concerned about managing cash efficiently. On the​ average, inventories have an age of

8484

​days, and accounts receivable are collected in

3939

days. Accounts payable are paid approximately

3333

days after they arise. The firm has annual sales of about

​$3737

million. Cost of goods sold are

​$2020

​million, and purchases are

​$1616

million.

a.  Calculate the​ firm's operating

cycle.

b.  Calculate the​ firm's cash conversion

cycle.

c.  Calculate the amount of resources needed to support the​ firm's cash conversion cycle.

d.  Discuss how management might be able to reduce the cash conversion cycle.

a. American​ Products' operating​ cycle, OC, is

nothing

days.  ​(Round to the nearest whole​ number.)

In: Finance

According to the Centres for Disease Control, 15.2% of American adults experience migraine headaches. Stress is...

According to the Centres for Disease Control, 15.2% of American adults experience migraine headaches. Stress is a major contributor to the frequency and intensity of headaches. A massage therapist feels that she has a technique that can reduce the frequency and intensity of migraine headaches.

(a) Determine the null and alternative hypotheses that would be used to test the effectiveness of the massage therapists techniques.

(b) A sample of 500 American adults who participated in the massage therapists program results in data that indicate that the null hypothesis should be rejected. Provide a statement that supports the massage therapists program.

(c) Explain what it would mean to make Type I error.

(d) Explain what it would mean to make a Type II error.

In: Math

A German car will cost $45,000 and have fuel usage of 21mpg for the first 5...

A German car will cost $45,000 and have fuel usage of 21mpg for the first 5 years, and decrease
by 1% thereafter to year 8. Repair cost will start at $1000 in year 1 and increase by 4% per year.
It will have a salvage value of $7000 at the end of year 8. Insurance cost will be $850 the first year,
increasing by 2% per year thereafter.
The American car will cost $35,000 and have fuel usage of 20mpg for the first 3 years, and will
decrease by 3% per year thereafter. Repair cost will be $800 in year 1, increasing by 4% per year
thereafter. Being an American, the graduate will price the pride of owning an American car at $0.4
for every 20 miles driven, increasing by 2% per year. Insurance cost will be $800 per year
increasing by 2.2% per year. The car can be sold for $5500 at the end of year 8.
If the graduate anticipates driving 150000 miles by the end of year 8 and the average interest rate
is expected to remain at 5% per year, which car is economically affordable based on present worth
analysis? Assume fuel cost will be $3 per gallon in year 1 and increase by an average of 2% per
year. Show all your workings.

In: Accounting

For each transaction below, enter its value and sign, and whether it belongs to the current...

For each transaction below, enter its value and sign, and whether it belongs to the current or financial accounts. Compute the Current Account Balance, the Financial Account Balance, and indicate whether there is a Balance of Payment surplus or a Balance of Payments deficit (i.e. compute the Balance of Official Settlements).

a. A French wine consultant is hired to advise wineries in Napa on wine tasting. The Napa wineries pay the consultant $300, which the (French) consultant keeps in a bank account in Napa.

b. The United States Treasury pays interest on T-bills held by Black Rock, a British Bank, for $200. The bank holds the US dollars in a London account.

c. The European Central Bank purchases $100 from a New York bank, paying with euros that the New York bank holds in a bank in Frankfurt.

d. A Chinese holding company buys IMB, and American company, by acquiring its shares in the American stock market. The Chinese firm pays $400 to acquire IMB, and it pays with US dollars it had in its accounts.

e. The import of kimonos from Japan to the United States for $100. The American importer pays for the kimonos in Japanese yen, which the importer held in an account in Tokyo.

In: Economics

Belinda wants to buy a second-hand car and visits a number of car dealers before deciding...

Belinda wants to buy a second-hand car and visits a number of car dealers before deciding to purchase an as new 1998 Ford Mustang from American Car Sales. The sales person, Jaxson, tells Belinda that the car was manufactured in 1998 and had only done 54,000 kms.
Three months later, Belinda has the Mustang serviced with her local mechanic who was a Mustang enthusiast. He comments on the fact that the car was in pretty good condition for a 1994 Mustang, though he was surprised that it had only done 54,000 kms. He would not have been surprised if it had done 100,000 kms.
Belinda makes further inquiries and discovers that the Mustang was in fact made in 1994 and she has paid about $5,000 more than the actual market value of the car. Belinda intends to approach American Car Sales about this issue.
Does Belinda have any contractual rights against American Car Sales?
Required:
You are expected to discuss legal rules learned regarding terms of a contract, in particular statements and representations, and conditions and warranties.
Do notanswer this question based on Australian Consumer Law principles. No credit will be given i

In: Accounting

Belinda wants to buy a second-hand car and visits a number of car dealers before deciding...

Belinda wants to buy a second-hand car and visits a number of car dealers before deciding to purchase an as new 1998 Ford Mustang from American Car Sales. The sales person, Jaxson, tells Belinda that the car was manufactured in 1998 and had only done 54,000 kms.

Three months later, Belinda has the Mustang serviced with her local mechanic who was a Mustang enthusiast. He comments on the fact that the car was in pretty good condition for a 1994 Mustang, though he was surprised that it had only done 54,000 kms. He would not have been surprised if it had done 100,000 kms.

Belinda makes further inquiries and discovers that the Mustang was in fact made in 1994 and she has paid about $5,000 more than the actual market value of the car. Belinda intends to approach American Car Sales about this issue.

Does Belinda have any contractual rights against American Car Sales?

Required:
You are expected to discuss legal rules learned regarding terms of a contract, in particular statements and representations, and conditions and warranties.

Do not answer this question based on Australian Consumer Law principles. No credit will be given if you do so.
ANSWER:

In: Accounting

.Belinda wants to buy a second-hand car and visits a number of car dealers before deciding...

.Belinda wants to buy a second-hand car and visits a number of car dealers before deciding to purchase an as new 1998 Ford Mustang from American Car Sales. The sales person, Jaxson, tells Belinda that the car was manufactured in 1998 and had only done 54,000 kms.

Three months later, Belinda has the Mustang serviced with her local mechanic who was a Mustang enthusiast. He comments on the fact that the car was in pretty good condition for a 1994 Mustang, though he was surprised that it had only done 54,000 kms. He would not have been surprised if it had done 100,000 kms.

Belinda makes further inquiries and discovers that the Mustang was in fact made in 1994 and she has paid about $5,000 more than the actual market value of the car. Belinda intends to approach American Car Sales about this issue.

Does Belinda have any contractual rights against American Car Sales? (10marks)

Required:

You are expected to discuss legal rules learned regarding terms of a contract, in particular statements and representations, and conditions and warranties.

Do not answer this question based on Australian Consumer Law principles. No credit will be given if you do so.

In: Accounting

CASE Outsourcing specialized operational tasks has become a common practice. When outsourcing involves the transfer of...

CASE Outsourcing specialized operational tasks has become a common practice. When outsourcing involves the transfer of personal information, issues of security and privacy are raised. Customers may consent to the collection of personal data without realizing that their information could be shared with another company located halfway around the world and subject to different disclosure and protection rules. In recognition of international privacy concerns, the Organization for Economic Co-operation and Development (OECD) created guidelines to enhance privacy protection during transborder data exchanges. Guideline 10 suggests that personal data should not be used or disclosed without the consent of the owner or authority of law. Canadian outsourcing to the United States has become even more controversial since the enactment of the USA PATRIOT Act.15 This legislation allows US lawenforcement officials to obtain personal records or information from any source in the country without the data owner knowing. As a result, there have been several Canadian challenges of personal data outsourcing to the United States. In B.C.G.E.U. v. British Columbia (Minister of Health), union members argued that the Ministry of Health was violating patients’ rights to privacy under section 7 of the Charter by outsourcing physician billing data that contained personal patient information to a private U.S. company.16 The BC Supreme Court disagreed, holding that as long as the contractual arrangement authorized under the Canada Health Act ensured that a reasonable expectation of privacy was protected, the practice was acceptable. Since then BC., Nova Scotia, and Alberta passed legislation that restricts public (not private) sector trans-border outsourcing.17 The Privacy Commissioner rejected a similar complaint against the Canadian Imperial Bank of Commerce. The bank outsourced the processing of credit card transactions to an American company. The specific confidentiality and security contained in the outsourcing agreement were approved by the Office of the Superintendent of Financial Institutions, and this satisfied the Commissioner. Both decisions turned on the specific terms of the outsourcing agreement and prior regulatory approval of the terms. When considering sending sensitive information across the border and outsourcing to American firms, businesses should: • Undertake a security analysis of the American company prior to contracting; • Inform the affected customer data owner; • Include specific confidentiality, security, and reporting provisions in the outsourcing agreement; • Seek regulatory approval of the agreement, if available; and • Regularly audit the privacy practices of the outsourcing company. Increased privacy concerns can be anticipated as the transnational public cloud computing industry replaces user owned software, desks, and laptops as the primary custodians of personal information. “By 2017, enterprise spending on cloud computing will amount to a projected $235.1 billion, triple the $78.2 billion spent in 2011. ….(in 2014) global business spending for infrastructure and services related to the cloud will reach an estimated $174.2 billion, up 20 percent from the amount spent in 2013.”

Question : Are there certain types of information that should remain within Canadian borders? If Canadian data is at greater risk of disclosure when transferred to the United States, why not ban all public and private outsourcing to the United States? Discuss.

Question : How can personal information be protected when stored on a transnational cloud server?

In: Operations Management