Please answer these questions and write a paragragh. (250+words)
1) Is the UN effective/necessary?
2) Would a form of military for enforcement aid the effectiveness of the UN?
3) How else can collective actions be solved without international institutions?
In: Economics
In your own words, describe the "traditional" and "labor union as a collective voice" views of how labor unions impact labor productivity. Be sure to describe the justification that each viewpoint uses to support their argument.
(In your own words plagarism check)
In: Economics
In: Anatomy and Physiology
DeZurik Corp. had the following stockholders’ equity section in its June 30, 2020, balance sheet (in thousands, except share and per share amounts):
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June 30 (in thousands) |
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2020 |
2019 |
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Paid-in capital: |
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$4.50 Preferred stock, $ ? par value, cumulative, 150,000 shares authorized, 64,000 shares issued and outstanding |
$ |
5,760 |
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Common stock, $5 par value, 4,000,000 shares authorized, 1,640,000 shares issued, 1,500,000 shares outstanding |
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Additional paid-in capital on common stock |
22,960 |
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Retained earnings |
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Less: Treasury common stock, at cost, ? shares |
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Total stockholders' equity |
$ |
52,922 |
$ |
48,000 |
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The transactions affecting the stockholders’ equity accounts of DeZurik Corp. for the year ended June 30, 2020, are summarized here:
160,000 shares of common stock were issued at $21.25 per share.
40,000 shares of treasury (common) stock were sold for $21 per share.
Net income for the year was $1,480 (in thousands).
The fiscal 2020 preferred dividends were paid in full. Assume that all 64,000 shares were outstanding throughout the year ended June 30, 2020.
A cash dividend of $0.30 per share was declared and paid to common stockholders. Assume that transactions 1 and 2 occurred before the dividend was declared.
The preferred stock was split 2 for 1 on June 30, 2020. (Note: This transaction had no effect on transaction 4.)
Required:
a-1. Record the effect of transactions 1–6 in journal entry format.
a-2. Calculate the dollar amounts that DeZurik Corp. would report for each stockholders’ equity caption on its June 30, 2020, balance sheet, after recording the effects of transactions 1–6. Also the treasury stock was purchased at $21.
b. Indicate how the stockholders’ equity caption details for DeZurik Corp. would change for the June 30, 2020, balance sheet, as compared to the disclosures for the 2019 balance sheet.
c. What was the average issue price of common stock shown on the June 30, 2020, balance sheet?
In: Accounting
Tomy is a key customer of Rubber (Pty) Ltd (hereafter
Rubber), a well-established South
African shoe sole provider. The two companies share the same
year-end.
When Tomy experienced the sudden increase in sales, Rubber extended
an interest-free loan
of R2 050 000 on 1 February 2020 in order to enable Tomy to cater
for the increase in supply.
Tomy used the loan immediately as follows:
Purchase of land – R350 000
Construction of factory building on land purchased (completed 1
July 2020 and brought
into use immediately after completion) – R1 200 000
Purchase of Machine B (new) – R800 000 (brought into use on 1
July 2020)
Deductible expenditure – R200 000
Purchase of Trading Stock – R500 000 ( R50 000 still on hand on
31 December 2020)
Tomy was able to justify the loan and repayments of the loan as the
company signed a contract
with a local customer on 15 December 2019 and delivered R1 200 000
of takkies on
1 February 2020. The local customer informed Tomy during August
2020 that they were
liquidated and that Tomy will not receive any further payment from
them. Tomy has written off
the outstanding debt as bad debts at the end of the financial
year.
In an attempt to raise cash reserves, Tomy issued 100 000 ordinary
shares on
18 August 2020, of which Rubber purchased 88 000 shares. Rubber did
not own any of Tomy’s
shares before this date. Tomy now has 120 000 ordinary shares in
issue.
Tomy approached Rubber as Tomy was not able to repay the amount due
on the outstanding
loan. The total amount was still due. Rubber acknowledged that
Tomy’s financial situation was
due to unforeseen circumstances and agreed to write off 80% of each
of the balances owing
by Tomy, except for the land that Rubber agreed to write off the
full amount owing on
30 December 2020.
REQUIRED
Calculate and motivate the income tax consequences of the above
transactions and events
for Tomy for the year of assessment ended on 31 December 2020
In: Accounting
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | ||||
| Revenue | 4,500 | 6,860 | 8,409 | 9,082 | 9,808 | 10,593 | 11,440 | 12,355 | 13,344 | 14,411 | ||||
| Revenue Growth | 52.4% | 22.6% | 8.0% | 8.0% | 8.0% | 8.0% | 8.0% | 8.0% | 8.0% | |||||
| Production Costs | ||||||||||||||
| Fixed Production Expense (excl depreciation) | 575 | 575 | 587 | 598 | 610 | 622 | 635 | 648 | 660 | 674 | ||||
| Variable Production Costs | 2,035 | 3,404 | 4,291 | 4,669 | 5,078 | 5,521 | 6,000 | 6,519 | 7,079 | 7,685 | ||||
| Depreciation | 152 | 152 | 152 | 152 | 164 | 178 | 192 | 207 | 224 | 242 | ||||
| Total Production Costs | 0 | 2,762 | 4,131 | 5,029 | 5,419 | 5,853 | 6,321 | 6,827 | 7,373 | 7,963 | 8,600 | |||
| Selling, General & Administrative | 1,250 | 1,155 | 1,735 | 2,102 | 2,270 | 2,452 | 2,648 | 2,860 | 3,089 | 3,336 | 3,603 | |||
| Total Operating Expenses | 1,250 | 3,917 | 5,866 | 7,132 | 7,690 | 8,305 | 8,969 | 9,687 | 10,462 | 11,299 | 12,203 | |||
| Operating Profit | (1,250) | 583 | 994 | 1,277 | 1,392 | 1,503 | 1,623 | 1,753 | 1,893 | 2,045 | 2,209 | |||
| Working Capital Assumptions: | ||||||||||||||
| Minimum Cash Balance as % of Sales | 3.0% | 3.0% | 3.0% | 3.0% | 3.0% | 3.0% | 3.0% | 3.0% | 3.0% | 3.0% | ||||
| Days Sales Outstanding | 59.2x | 59.2x | 59.2x | 59.2x | 59.2x | 59.2x | 59.2x | 59.2x | 59.2x | 59.2x | ||||
| Inventory Turnover (prod. cost/ending inv.) | 7.7x | 8.3x | 12.7x | 12.7x | 12.7x | 12.7x | 12.7x | 12.7x | 12.7x | 12.7x | ||||
| Days Payable Outstanding (based on tot. op. exp.) | 30.8x | 30.9x | 31.0x | 31.0x | 31.0x | 31.0x | 31.0x | 31.0x | 31.0x | 31.0x | ||||
| Capital Expenditures | 1,470 | 952 | 152 | 152 | 334 | 361 | 389 | 421 | 454 | 491 | 530 | |||
Show work to solve
Cashflow
NVP
Payback
IRR
In: Finance
Find the MAD for the 3-month and the 12-month moving average forecast.
Year Month Rate(%)
2009 Jan 7.9
2009 Feb 8.5
2009 Mar 8.7
2009 Apr 9.1
2009 May 9.4
2009 Jun 9.4
2009 Jul 9.7
2009 Aug 9.5
2009 Sep 9.9
2009 Oct 9.9
2009 Nov 9.9
2009 Dec 9.7
2010 Jan 9.7
2010 Feb 9.6
2010 Mar 9.8
2010 Apr 9.7
2010 May 9.5
2010 Jun 9.4
2010 Jul 9.4
2010 Aug 9.4
2010 Sep 9.4
2010 Oct 9.6
2010 Nov 9.7
2010 Dec 9.4
2011 Jan 9.2
2011 Feb 8.9
2011 Mar 8.7
2011 Apr 9.1
2011 May 8.9
2011 Jun 9.2
2011 Jul 8.8
2011 Aug 9.1
2011 Sep 9.1
2011 Oct 8.8
2011 Nov 8.5
2011 Dec 8.4
2012 Jan 8.3
2012 Feb 8.3
2012 Mar 8.3
2012 Apr 8.2
2012 May 8.1
2012 Jun 8.1
2012 Jul 8.3
2012 Aug 8.3
2012 Sep 7.9
2012 Oct 7.9
2012 Nov 7.6
2012 Dec 7.7
In: Statistics and Probability
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In: Accounting
Shown below are net income amounts as they would be determined by Weihrich Steel Company by each of three different inventory costing methods ($ in thousands).

Required:
1. Assume that Weihrich used FIFO before 2021, and then in 2021 decided to switch to average cost. Prepare the journal entry to record the change in accounting principle and briefly describe any other steps Weihrich should take to appropriately report the situation. (Ignore income tax effects.)
2. Assume that Weihrich used FIFO before 2021, and then in 2021 decided to switch to LIFO. Assume accounting records are inadequate to determine LIFO information prior to 2021. Therefore, the 2020 ($540) and pre-2020 ($2,280) data are not available. Prepare the journal entry to record the change in accounting principle and briefly describe any other steps Weihrich should take to appropriately report the situation. (Ignore income tax effects.)
3. Assume that Weihrich used FIFO before 2021, and then in 2021 decided to switch to LIFO cost. Weihrich’s records of inventory purchases and sales are not available for several previous years. Therefore, the pre-2020 LIFO information ($2,280) is not available. However, Weihrich does have the information needed to apply LIFO on a prospective basis beginning in 2020. Prepare the journal entry to record the change in accounting principle, and briefly describe any other steps Weihrich should take to appropriately report the situation. (Ignore income tax effects.)
In: Accounting
Problem 16-4 Change in tax rate; record taxes for four years [LO16-1, 16-5]
Zekany Corporation would have had identical income before taxes
on both its income tax returns and income statements for the years
2018 through 2021 except for differences in depreciation on an
operational asset. The asset cost $130,000 and is depreciated for
income tax purposes in the following amounts:
| 2018 | $ | 42,900 | |
| 2019 | 57,200 | ||
| 2020 | 19,500 | ||
| 2021 | 10,400 | ||
The operational asset has a four-year life and no residual value.
The straight-line method is used for financial reporting
purposes.
Income amounts before depreciation expense and income taxes for
each of the four years were as follows.
| 2018 | 2019 | 2020 | 2021 | |||||||||
| Accounting income before taxes and depreciation | $ | 75,000 | $ | 95,000 | $ | 85,000 | $ | 85,000 | ||||
Assume the average and marginal income tax rate for 2018 and 2019
was 30%; however, during 2019 tax legislation was passed to raise
the tax rate to 40% beginning in 2020. The 40% rate remained in
effect through the years 2020 and 2021. Both the accounting and
income tax periods end December 31.
Required:
Prepare the journal entries to record income taxes for the years
2018 through 2021. (If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)
In: Accounting