MBA 5010 Week 4 Integrative Assignment

This week, you’re going to build on the knowledge you gained. Your assignment is to deconstruct the economics underlying Airbnb. Specifically, I want you to answer the following questions:

• Does Airbnb capture a sufficient amount of any value generated to remain a viable business?

The purpose of this question is to provide you an opportunity to demonstrate your understanding of the economics of value creation. So, emphasize this aspect of your answer. Try to limit yourself to 500 words. Your answer will be evaluated based on correctness, completeness, and clarity. As always, be attentive to your writing.

Revenues are normally recognized when the company transfers promised goods or services in the amount the company expects to receive. The amount recorded is the cash-equivalent sales price. The following transactions occurred in September:

1. A popular ski magazine company receives a total of $13,345 today from subscribers. The subscriptions begin in the next fiscal year. Answer from the magazine company's standpoint.
2. On September 1 of the current year, a bank lends $2,500 to a company; the note principal and $300 ($2,500 × 12 percent) annual interest are due in one year. Answer from the bank's standpoint.
3. Fucillo Automotive Group (offering a wide variety of car and truck brands) sells a Ford F-150 truck with a list, or “sticker,” price of $21,750 for $19,750 cash.
4. Macy's department store orders 1,140 men’s shirts for $17 each for future delivery from PVH Corp., manufacturer of IZOD, ARROW, Van Heusen, Calvin Klein, and Tommy Hilfiger apparel. The terms require payment in full within 30 days of delivery. Answer from PVH Corp.'s standpoint.
5. PVH Corp. completes production of the shirts described in (d) and delivers the order. Answer from PVH's standpoint.
6. PVH Corp. receives payment from Macy's for the events described in (d) and (e). Answer from PVH's standpoint.
7. A customer purchases a ticket from American Airlines for $650 cash to travel the following January. Answer from American Airlines's standpoint.
8. Ford Motor Company issues $20.9 million in new common stock.
9. Michigan State University receives $19,030,000 cash for 73,000 five-game season football tickets.
10. Michigan State plays the first football game referred to in (i).
11. Precision Builders signs a contract with a customer for the construction of a new $1,670,000 warehouse. At the signing, Precision receives a check for $194,000 as a deposit on the future construction. Answer from Precision's standpoint.
12. A customer orders and receives 16 personal computers from Dell; the customer promises to pay $9,300 within three months. Answer from Dell's standpoint.
13. Sears, a retail store, sells a $260 lamp to a customer who charges the sale on his Sear's credit card. Answer from Sears's standpoint.

Required:

For each of the transactions, if revenue is to be recognized in September, indicate the revenue account title and amount. (If revenue is not recognized choose "None". Round "Interest revenue" answer to 2 decimal places.)

Revenue Account Affected Amount of revenue earned in September

1.

2.

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Including the use of relevant diagrams, provide an analysis of the key factors which determine the market equilibrium and price of the goods and services in the following scenarios:

1. The effect on the world market equilibrium for petrol in the event of a war breaking out in the Arabian Gulf region.
2. The effects of a health scare (e.g. the coronavirus) on tourism into Ireland during 2020.
3. The effect of the recession from 2009 to 2014 in Ireland on the market for takeaway foods.
4. The effect of a mediocre summer in 2019 on the market for foreign holidays for Irish citizens in January 2020.

At the start of 2020, a county general fund issues property tax bills in the amount of $9,000,000. It expects to collect $8,800,000 from property owners, with the rest expected to be uncollectible. During the year, $8,750,000 in 2020 property taxes is collected. Of the remaining $250,000 in uncollected taxes at year-end, it is estimated that $100,000 will be collected within 60 days and the rest are uncollectible.

Using the attached T-account template, prepare the entries required to recognize the above information.

Suppose a computer company sells service plans for their laptop computers. Each service plan costs $250 and lasts for three years. The service plan covers any genuine hardware malfunctions during the warranty period but will only allow for up to one claim. Suppose that the average cost of repair is $850. Suppose also that the likelihood of a warranty claim is 22%. Let x denote the discrete random variable that represents the amounts the company (i) makes from a service plan for a person that makes no claims and (ii) loses for a service plan for a person that makes one claim. Please complete the following tasks.

1. Construct a probability distribution for x.

2. Use the probability distribution to calculate the expected value μ.

3. Write an explanation for what the expected value tells us as it relates to the company’s profits on service plans. Make sure you are very specific and include units.

4. By how much does the company need to raise the price of a service plan to increase their expected value by $50? Show your work.

Identify the main users of accounting information for a university.

financial risks in university and students against ncovid

How to evaluate the performance university?? In term of management.

What are the benefits of using cloud computing in a university?

Topic : Consolidation: Non-controlling interests

On 1 July 2016, Poppy Ltd acquired 80% of the issued shares of Sunshine Ltd for $240 000 when the equity of Sunshine Ltd consisted of:

share capital $160000

general reserve $10000

retained earnings $59000

At this date, all identifiable assets and liabilities of Sunshine Ltd were recorded at fair value except for the following.

carrying amount fair value

inventories $ 10000 $14 000

plant (cost $220 000) 90 000 99 000

land 70 000 87 000

Half of the inventories were sold by 30 June 2017 and the remainder by 30 June 2018. The plant has a further 3-year life beyond 1 July 2016, with benefits to be received evenly over this period. The land was sold on 1 March 2020 to an external party. Adjustments for the differences between carrying amounts and fair values are to be made in the consolidation worksheet. Poppy Ltd uses the partial goodwill method. The tax rate is 30%.

During the 4 years since acquisition, Sunshine Ltd has recorded the following annual results and declared the following dividends.

Dividends were paid within 6 weeks of the end of each period. There have been no transfers to or from the general reserve since the acquisition date.

Required:

1. Prepare the consolidation worksheet entries as at 1 July 2016.

2. Prepare the consolidation worksheet entries for the year ended 30 June 2018.

what is need to be done is mentioned in the required field and be able to explain the relationships that exist between a parent company and its subsidiary(ies), an investor and its investee;