your thoughts about Proposition 15 on the California ballot this November 2020.

1.

On January 1, 2020, Ginseng Inc. entered into a forward contract to purchase U.S. $6,000 for $6,336 Canadian in 30 days. On January 15, the fair value of the contract was $40 (reflecting the present value of the future cash flows under the contract). Assume that the company would like to update its records on January 15. (a) Prepare only the necessary journal entries on January 1 and 15, 2020.

2.

(Derivative Transaction) On April 1, 2020, Petey Ltd. paid $175 for a call to buy 700 shares of NorthernTel at a strike price of $27 per share any time during the next six months. The market price of NorthernTel's shares was $27 per share on April 1, 2020. On June 30, 2020, the market price for NorthernTel's stock was $38 per share, and the fair value of the option was $10,000.

Instructions

a. Prepare the journal entry to record the purchase of the call option on April 1, 2020.

b. Prepare the journal entry(ies) to recognize the change in the call option's fair value as at June 30, 2020.

c. Prepare the journal entry that would be required if Petey Ltd. exercised the call option and took delivery of the shares as soon as the market opened on July 1, 2020.

3.

(Issuance and Conversion of Bonds) The following are unrelated transactions.

1. On March 1, 2020, Loma Corporation issued $300,000 of 8% non-convertible bonds at 104, which are due on February 28, 2040. In addition, each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase one of Loma's no par value common shares for $50. The bonds without the warrants would normally sell at 95. Loma prepares its financial statements in accordance with IFRS.
2. Grand Corp. issued $10 million of par value, 9% convertible bonds at 97. If the bonds had not been convertible, the company's investment banker estimates they would have been sold at 93. Grand Corp. has adopted ASPE, and would like to explore all options available to report the convertible bond.
3. Hussein Limited issued $20 million of par value, 7% bonds at 98. One detachable stock purchase warrant was issued with each $100 par value bond. At the time of issuance, the warrants were selling for $6. Hussein Limited has adopted ASPE.
4. On July 1, 2020, Tien Limited called its 9% convertible bonds for conversion. The $10 million of par value bonds were converted into 1 million common shares. On July 1, there was $75,000 of unamortized discount applicable to the bonds, and the company paid an additional $65,000 to the bondholders to induce conversion of all the bonds. At the time of conversion, the balance in the account Contributed Surplus—Conversion Rights was $270,000, and the bond's fair value (ignoring the conversion feature) was $9,955,000. The company records conversion using the book value method.
5. On December 1, 2020, Horton Company issued 500 of its $1,000, 9% bonds at 103. Attached to each bond was one detachable stock warrant entitling the holder to purchase 10 of Horton's common shares. On December 1, 2020, the fair value of the bonds, without the stock warrants, was 95. Horton Company prepares its financial statements in accordance with IFRS.

Instructions

Present the required entry(ies) to record each of the above transactions. For transaction 4, prepare the journal entries if Tien Limited prepares its financial statements using IFRS and if it uses ASPE.

4.

(Issuance, Exercise, and Termination of Stock Options) On January 1, 2020, Waldorf Corporation granted 40,000 options to key executives. Each option allows the executive to purchase one share of Waldorf's common shares at a price of $30 per share. The options were exercisable within a two-year period beginning January 1, 2022, if the grantee was still employed by the company at the time of the exercise. On the grant date, Waldorf's shares were trading at $25 per share, and a fair value options pricing model determined total compensation to be $1,680,000. Management has assumed that there will be no forfeitures because they do not expect any of the key executives to leave.

On May 1, 2022, 12,000 options were exercised when the market price of Waldorf's shares was $34 per share. The remaining options lapsed in 2023 because executives decided not to exercise them. Management was indeed correct in their assumption regarding forfeitures in that all executives remained with the company. Assume that Waldorf follows IFRS.

Instructions

a. Prepare the necessary journal entries related to the stock option plan for the years ended December 31, 2020 through 2023.

b. What is the significance of the $25 market price of the Waldorf shares at the date of grant? Would the exercise price normally be higher or lower than the market price of the shares on the date of grant?

c. What is the significance of the $34 market price of the Waldorf shares at May 1, 2022, the date of the exercise of the stock options?

d. What likely happened to the market price of the shares in 2023?

5.

(Share Appreciation Rights) Parsons Limited established a share appreciation rights program that entitled its new president, Brandon Sutton, to receive cash for the difference between the shares' fair value and a pre-established price of $32 (also fair value on December 31, 2019), on 50,000 SARs. The date of grant is December 31, 2019, and the required employment (service) period is four years. The president exercised all of the SARs on December 31, 2024. The shares' fair value fluctuated as follows: December 31, 2020, $36; December 31, 2021, $39; December 31, 2022, $45; December 31, 2023, $36; and December 31, 2024, $48. The company recognizes the SARs in its financial statements. Assume that Parsons follows ASPE.

Instructions

a. show a five-year (2020 to 2024) schedule of compensation expense pertaining to the 50,000 SARs granted to Brandon Sutton.

b. Prepare the journal entry for compensation expense in 2020, 2023, and 2024 relative to the 50,000 SARs.

c. From the perspective of the employee, contrast the features of a share appreciation right to the features of a compensatory stock option.

Create a presentation on how technology has affected the field of health care, specifically insurance and reimbursement. Your presentation should include 10-12 slides, not including a title and summary slide. Cover how computers have affected all of the following:

1. Medical health records
2. HIPAA regulations
3. Insurance claims
4. Accounting done in the medical office (e.g. pegboard system versus current methods of financial management)
5. Ethical considerations related to technology

Your presentation should include relevant graphics (images, diagrams, etc.) and bullet points on the slides, and speaker notes in the Notes pane. The speaker notes should be written in complete sentences and paragraphs, including all the details of your presentation

Evaluate at a minimum of two different historical perspectives regarding the delivery of health care in the United States. How has technology and the lack of developing technology affected and shaped these perspectives?

Contrast and describe two technological advances that have positively impacted health care delivery in the United States.

Explain how the two technological advances you selected have influenced public opinion of the changing health care system in the United States? Provide a brief summary of both positive and negative opinions.

Forecast how you believe these two technological advances will affect delivery and utilization of health care in the United States in the future. What other factors may simultaneously affect health care utilization?

Describe two examples of automation technology that contributed to the development of additive manufacturing and why additive manufacturing would not be possible without that technology.

Design for X (DFX) is a design philosophy that emphasizes a single characteristic of a new product that will guide all of the decisions in the design of that object. What makes this a powerful strategy?

Describe two characteristics that assist with successful 3D printing that should be present in an object designed using Design For Additive Manufacturing (DFAM) as a guiding philosophy? (for example: having one large flat side that can adhere to a build plate)

Of the following: Design for Cost, Design for Reliability, or Design for Manufacturability, which is most compatible with production by additive manufacturing. Which characteristics of additive manufacturing contribute to that compatibility? why?

The Oriole Publications Textbook Company sells all of its books for $100 per book, and it currently costs $50 in variable costs to produce each text. The fixed costs, which include depreciation and amortization for the firm, are currently $2 million per year. Management is considering changing the firm’s production technology, which will increase the fixed costs for the firm by 46 percent but decrease the variable costs per unit by 46 percent. If management expects to sell 45,000 books next year, should they switch technologies? (Round answers to nearest whole dollar,e.g. 5,275.)

1.In cases where the output gap is positive and negative, explain the relationship between the unemployment rate and the natural unemployment rate.

2. Explain how advances in technology affect labor productivity. Do decreasing yields appear? Give an example of the advancement in technology. Use the graph of the productivity curve to show your answer.

3. Explain what caused inflation. Why do you think it is easier to estimate the ten-year average inflation rate from the inflation rate in a single year?

4. Describe the impact of a European Central Bank's decision to reduce the amount of money on macroeconomic balance for the short term. Describe the adaptation process that turns the economy into full employment.

Based on the scenario given above, critically discuss pros and cons of offering medical services with help of telemedicine.

Critically discuss the marketing decision that may be used in the selected product life cycle of telemedicine.

Critically evaluate the role of mobile technology and artificial intelligence (AI) in the evolution of this industry and predict future trajectory? Justify your response.

Based on the scenario given above, critically discuss pros and cons of offering medical services with help of telemedicine.

Critically discuss the marketing decision that may be used in the selected product life cycle of telemedicine.

Critically evaluate the role of mobile technology and artificial intelligence (AI) in the evolution of this industry and predict future trajectory? Justify your response.

The expected penalty for violation of an environmental regulation

a.is a function of both monitoring and sanctioning

b.the mean value of the range of fines as expressed in the regulation

c.most effective if it is less than the marginal cost of abatement

d.independent of the probability of getting caught in violation

Enforcement of technology standards

a.requires continuous monitoring

b.becomes more costly when there are advances in monitoring technology

c.is not effective in practice

d.can be done using random site visits

Pollution standards are usually set by national authorities while enforcement is usually left to local authorities.

a.True

b.False

When did environmental policy shift from the state level to the federal level?

a.1950s

b.1960s

c.1970s

d.1980s