Questions
Fast Cars Inc. was authorized to issue 50,000 $1.50 preferred shares and 300,000 common shares. During...

Fast Cars Inc. was authorized to issue 50,000 $1.50 preferred shares and 300,000 common shares. During 2020, its first year of operations, the following selected transactions occurred:

Jan. 1 4,100 of the preferred shares were issued at $11.00 per share; cash.
Feb. 5 15,000 of the common shares were issued for a total of $117,000; cash.
Mar. 20 3,000 of the common shares were given to the organizers of the corporation regarding their efforts. The shares were valued at a total of $27,900.
May 15 11,100 preferred shares and 15,500 common shares were issued at $13.30 and $9.70 respectively; cash.
Dec. 31 The Income Summary account was closed; it showed a debit balance of $320,000. December 31 is Fast Car’s year-end.


Required:
a.
Journalize the above transactions.
b. Prepare the equity section of Fast Car’s balance sheet at December 31, 2020. (Amounts to be deducted should be indicated by a minus sign.)

In: Accounting

Fast Cars Inc. was authorized to issue 50,000 $1.50 preferred shares and 300,000 common shares. During...

Fast Cars Inc. was authorized to issue 50,000 $1.50 preferred shares and 300,000 common shares. During 2020, its first year of operations, the following selected transactions occurred:

Jan. 1 4,300 of the preferred shares were issued at $13.00 per share; cash.
Feb. 5 15,000 of the common shares were issued for a total of $119,000; cash.
Mar. 20 3,000 of the common shares were given to the organizers of the corporation regarding their efforts. The shares were valued at a total of $28,100.
May 15 11,300 preferred shares and 16,500 common shares were issued at $13.10 and $9.50 respectively; cash.
Dec. 31

The Income Summary account was closed; it showed a debit balance of $322,000. December 31 is Fast Car’s year-end.

Required:
a.
Journalize the above transactions.

b. Prepare the equity section of Fast Car’s balance sheet at December 31, 2020. (Amounts to be deducted should be indicated by a minus sign.)

In: Accounting

(TCO H) If the collective bargaining process is to be successful, it is important that both...

(TCO H) If the collective bargaining process is to be successful, it is important that both sides come prepared to bargain. This means that both management and labor must make plans and develop a strategy before they even look across the table at the other party. It is often this preparation that determines to what extent one side gets its way more than the other side. It is impossible to walk into negotiations without knowing the costs that are potentially involved in the new contract arrangement. Clearly the union is well-prepared with their wish list and with as many facts and figures as they can find to bolster their position. Management does much the same thing to trade off items on the table. (a) Select what you consider to be the key pre-negotiation preparation steps that can be taken by the union. (b) Select what you consider to be the key pre-negotiation preparation steps that can be taken by management. (c) Compare and contrast the historical elements that help us understand the current structure of the union.

In: Operations Management

How do digital infrastructures lead to business model innovation? In your answer identify the particular characteristics...

How do digital infrastructures lead to business model innovation? In your answer identify the particular characteristics of digital infrastructures, digital markets and digital goods and services that foster such innovation. Illustrate your answer with well-chosen examples of innovative digital business models that have emerged.

In: Economics

Intentional, Anticipated Innovation - who is good at? Parallel to other question on passive/accidental innovation, are...

Intentional, Anticipated Innovation - who is good at?


Parallel to other question on passive/accidental innovation, are there any organization you know of who have consistently innovated or transformed themselves to stay relevant or even grow the business time and time again? What made them? What was/is in the DNA?

In: Operations Management

Do not neglect the old for the new. The existing business must not lose priority simply...

Do not neglect the old for the new. The existing business must not lose priority simply because an innovative idea has been suggested. Successful innovation requires support from the existing business in terms of finance and other resources. However, when assessing risk, you must take into consideration the impact the new activities are likely to have on the existing activities. One aspect of risk assessment should involve determining whether the new ideas/ improvements or innovations will prevent the already successful operations from continuing to operate at the currently accepted level.

Choose an organisation you are familiar with. This might be an organisation you work for or you might need to conduct research into another organisation. Answer the following questions in relation to your chosen organisation, explaining and giving verifiable reasons for your answers:

  1. Do you consider that the organisation is prepared to take risks in order to succeed?
  2. Why is the concept of risk essential to change, innovation and the marketplace success of organisations?
  3. What is the organisation’s attitude toward failure, mistakes and/or lack of success at the organisational level and the personal or individual level?
  4. How does this make employees feel with regard to making suggestions, proposing new ideas or attempting to develop new products, services or markets?
  5. How do you think mistakes should be viewed, if the organisation is to proactively support innovation and change?
  6. How can frontline managers encourage and support employees so that they contribute new and innovative ideas?
  7. What kinds of work conditions and procedures are in place or should be in place to support innovation?
  8. What barriers to innovation exist within the organisation?
  9. How can managers lead by example when it comes to innovation?
  10. What training or learning opportunities might be provided so that employees can develop appropriate innovation skills?
  11. Why do you think managers should regularly evaluate their own approaches for consistency with the wider organisational or project context?
  12. How does the organisation’s physical environment support innovation? How might it need to be changed?
  13. Outline any legislative framework that impacts on operations in the relevant workplace context.

Carry out your own research as needed. Cite any sources used.

In: Operations Management

Consider the external environment and relevant factors in the Macro-Environment in your company and respond to...

Consider the external environment and relevant factors in the Macro-Environment in your company and respond to the following questions: “How Strong Are the Industry’s Competitive Forces?” DO you think that the “Collective Strength of the Five Competitive Forces Conducive will lead you to Good Profitability?”

In: Operations Management

The Mateo Corporation's inventory at December 31, 2020, was $325,000 based on a physical count priced...

The Mateo Corporation's inventory at December 31, 2020, was $325,000 based on a physical count priced at cost, and before any necessary adjustment for the following:

  1. Merchandise costing $30,000, shipped F.o.b. shipping point from a vendor on December 30, 2020, was received on January 5, 2021.
  2. Merchandise costing $22,000, shipped F.o.b. destination from a vendor on December 28, 2020, was received on January 3, 2021.
  3. Merchandise costing $38,000 was shipped to a customer F.o.b. destination on December 28, 2020, arrived at the customer's location on January 6, 2021.
  4. Merchandise costing $12,000 was being held on consignment by Traynor Company.

What amount should Mateo Corporation report as inventory in its December 31, 2020, balance sheet? (Show your reasoning!)

In: Accounting

QUESTION: Compare and contrast the countries based on the chart you created above, then talk about...

QUESTION: Compare and contrast the countries based on the chart you created above, then talk about potential health implications.

Access to clean fuels and technologies for cooking

Low Income- Japan

Middle Income(Upper)- Panama

High Income- Alergia

2010-100.00

2010-85.84

2010-92.41

2016-100.00

2016-89.01

2016-92.61

B. Air Pollution Chart:

Low Income- Japan

Middle Income(Upper)- Panama

High Income- Alergia

2010-92.589

2016-75.412

2010-96.218

2016-72.134

2010-100.00

2016-100.00

In: Economics

A regenerative Rankine cycle operates with inlet conditions of 800°C and 5MPa and exhausts to a...

A regenerative Rankine cycle operates with inlet conditions of 800°C and 5MPa and exhausts to a pressure of 10kPa. A single open-feedwater heater is used with an extraction pressure of 0.8 MPa. Assume the exit states of the condenser and the feedwater heater are both saturated liquids. The turbine and pump isentropic efficiencies are 100%.

  1. Draw the T-s diagram and determine the thermal efficiency for the cycle and the total turbine work per unit boiler mass flow rate (kJ/kg)
  2. Repeat the problem in part 1, but replace the open feed water heater with a closed feed water heater where the extracted steam is pumped to the boiler pressure before being combined with the condenser feed water
  3. Repeat the problem in part 2, but where the extracted steam is throttled from the closed feed water heater exit to the condenser

In: Mechanical Engineering