Offer #1 From Barbara: $350,000

1/2 as equity for 15% of the company

1/2 as a loan

Offer #2 From Lori: $350,000

All the dollars for 10 Equity

$2 royalty for each can of product sold

1.) Analyze/assess quantitative (numbers #) to help make the investment decision in order to better understand how each offer would generally (I know you do not have the full financial information yet) impact the financial statements of the organization initially and over time,

• Offer #1 from Barbara
  • list one (1) impact and one (1) account for the Income Statement AND one (1) impact and one (1) account for the Balance Sheet
• Offer #1 from Lori
  • list one (1) impact and one (1) account for the Income Statement AND one (1) impact and one (1) account for the Balance Sheet

Example - an impact to the Income Statement could be increased sales, which will impact the revenue account. An impact to the Balance Sheet could be increased cash, which would impact the cash account. (Do not Reuse either of these examples)

2.) Consider qualitative information about investors and recommend which offer to accept (I know you do not have the full financial information yet).

Barbara Corcoran's credits include straight D's in high school and college and 20 jobs by the time she turned 23. It was her next job that would make her one of the most successful entrepreneurs in the country: She borrowed $1,000 and quit her job as a waitress to start a tiny real estate company in New York City. Over the next 25 years Barbara would transform that $1,000 loan into a $5 billion real estate business, building the largest and best-known brand in the business.

Lori Greiner started with one idea and turned it into a multi-million-dollar international brand. She is regarded as one of the most prolific inventors of retail products, having created over 500 products, and currently holds over 120 U.S. and international patents. Lori can tell instantly if a product is a "hero or a zero," and this is clearly shown through her many thriving investments and a 90% success rate on her new items launched. She's also well known for her impeccable negotiating skills and her uncanny ability to know and identify emerging brands and invest in them.

• Which offer are you recommending - Lori or Barbara?
• Why? Provide at least one (1) reason why you are recommending this offer.

Founding fathers and international mergers of Big Four audit firms.

In 1990 Deloitte Touche Tohmatsu was created following a number of earlier mergers. In 2003 the names of Touche and Tohmatsu were dropped, leaving Deloitte as the firm’s full name. Deloitte was established by three founders: William Welch Deloitte, George Touche and Admiral Nobuzo Tohmatsu.

In 1845, at the age of 25, W.W. Deloitte opened his own office opposite the Bankruptcy Court in Basinghall Street, London. At that time three Companies Acts created joint-stock companies, laying the foundation for modern company structures. Deloitte made his name with the industry of the day – the railways – and in 1849 the Great Western Railway appointed Deloitte the first independent auditor in that industry. He discovered frauds on the Great North Railway, invented a system for railway accounts that protected investors from mismanagement of funds, and was to become the grand old man of the profession. As president of the newly created Institute of Chartered Accountants, Deloitte found a site for its headquarters in 1888. In 1893 he opened offices in the USA.

Financial disasters in the new and booming investment trust business in the England gave George Touche his business opportunity. His reputation for flair, integrity, and expertise brought him a huge amount of work setting these trusts on the straight and narrow. A similar flair for saving doomed businesses from disaster and restructuring them led to the formation of George A. Touche & Co. in 1899. In 1900, along with John Niven, the son of his original Edinburgh accounting mentor, Touche set up the firm of Touche, Niven & Co. in New York. Offices spread across the USA and Canada and were soon attracting clients like R.H. Macy, a large US nationwide department store. In the UK, General Electric Company was an important client and still is. Meanwhile Touche himself took his reputation for probity and ran for public election in England and became MP for North Islington, England in 1910, and was knighted in 1917. He died in 1935.

After Tohmatsu qualified as a certified public accountant at the age of 57 in 1952, he became a partner in a foreign-affiliated accounting firm and a director of a private corporation. In 1967, he became president of the Japanese Institute of Certified Public Accountants. In the 1960s, the Japanese government wanted to see national audit corporations established, and Tohmatsu asked Iwao Tomita, a former student and a graduate of the Wharton School in Chicago, to respond to that challenge. In May of 1968, Tohmatsu & Co. (formerly Tohmatsu Awoki & Co.) was incorporated.

Question: What events and circumstances contributed to the growth and international scope of Deloitte’s operations?

Financial Accounting Journal Entry Cumulative Study Guide  

Find out all the journal entries for the transactions listed below.

1.The company issued shares of common stock in exchange for cash

2. Purchased office supplies on credit.

3. Purchased office equipment paying part in cash and signed a 30-day, note payable for the remiander.

4. Performed services and received cash from customer.

5 Paid cash in cash for the current month's rent.

6 Paid cash on account for office supplies purchased prior.

7 Received a bill for advertising for the current month. Payment will be made next month.

8 Hired a new employee who will begin working next month at a salary paid per month.

9 Billed customer for services performed.

10 Received cash in advance for work to be done next month.

11 Paid cash for a one-year insurance policy

12 Received cash from customer in partial payment for billing on account in transaction 9.

13 Performed but not billed customers for services performed

14 Purchase of a three-month insurance policy for cash.

15 Accrued interest on a long-term Note Payable. Monthly interest is accrued at an annual rate of 6%.

16 The company purchased a new copier at the beginning of the month for cash. The copier will depreciate per year. Depreciation Adjusting Entry is:

17 The company accepted a deposit of cash for work to be done over a six-month period.

18 The Supplies account has a balance of $1,005 An inventory of supplies at the end of March shows supplies with a cost of $275 on hand.

19 Salaries owed to employees at the end of the March total $3,400. The salaries will be paid on April 3.

20 Closing Entry for Year End

21 Purchased desks on account, terms 1/10, n/30.

22 Purchased desks for cash

23 Received credit for the return of 2 desks purchased that were defective.

24 Sold 12 desks on account terms 2/10, n/30.

25 Sold 12 Desks for cash

26 Paid cash for freight purchsed in 21 Stockholders’ Equity Retained Earnings

27 Paid cash for frieght sold in 25

28 Issued a credit to School for the return of 1 desk which is in usable condition and will be returned to stock.

29 Made Payment in full for purchased desks without discount

30 Made Payment in full for purchased desks with discount

31 Received payment in full for desks sold without discount

32 Received payment in full for desks sold with discount

33 Recording estimated uncollectibles;

34 Write-off of an uncollectible account:

35 Collection of an account after write-off:

Match the correct term that best describes the situations/sentences below.

Terms:

Sentences:

1. Sally’s Fruit store sells all types of fruit and is open from 9 am to 11 pm. Sally Single puts in a full day there.   #____

2. Farah became the first female CEO of Concepts Inc. #___

3. Monty reviewed all of the audited statements of the accounting firm. He took his responsibilities seriously, and acted in good faith, putting the interests of the company first. #___

4. Ben Fuller and Thomas Claudio have leased a studio to open up a dance school. They hope to attract students for the lessons they plan to sell. #_____

5. ABC Inc. is owned by many different shareholders as its shares on sold on the stock exchang #_____

6. The firm of Jane, Bing and Mary LLP recently rented space in a new building. #_____

7. Joe Fayed has decided to invest in the firm of Dottie, Glass and Eame. He will contribute $100,000 and he hopes that the new venture the firm is going into will be successful. He will not be offering any advice, nor take part in the management of the firm. #_____

8. Jill and Jenny were equal partners. Their ice-cream store didn’t do well and the bank loan went into default. The bank collected the entire amount from Jill. #_____

1. Sharon’s Flower shop Inc. went bankrupt. The only shareholder was Sharon. Sharon’s assets were not used to pay any creditors. #_____

10. Minh entered into an agreement with Felice to authorize Felice to sell Minh’s art paintings on his behalf. #_____

11. Jennifer was often seen in Fred’s Books, helping the owner. She often gave advice or answered the phone. When deliveries were made, Jennifer was often asked to sign. #_____

12. Bill thought that his model for running a convenience store was good. He thought others would be interested in opening similar such stores, using his know-how and trademark. #_____

13. If Zeus wanted to take his company public, he would need to do a number of things including filing one of these. #_____

14. Joe can show that he did everything reasonable in the circumstances to prevent the offence from occurring. #_____

Suppose that you plan to borrow $15,000 student loans to attend a university. You are considering borrowing the loan from XYZ. XYZ offers two options for the repayment of your loan. One is the deferred repayment option and the other is interest repayment option. The APR for the deferred repayment option is 3.75% and the APR for the interest repayment option is 3.15%. You plan to finish your undergraduate study in university within five years. The two repayment options are described as below:Deferred repayment option: You make no scheduled student loan payments for 5 years while you are in school and in 1 year of the grace period after you graduate. However, the unpaid interest every month will be added to your principal amount at the end of your grace period. After the grace period, the total amount your will pay will be equal to the principal you borrow and the accumulated unpaid interest. Each month you will be required to pay the same amount, which includes interest and the required principal repayment. You are required to completely pay off your loan within 10 years. Interest repayment option: You pay interest every month when you are in school and in grace period. After the grace period, you will start to pay the principal of the loan. Each month you will be required to pay the same amount, which includes interest and the required principal repayment. You are required to completely pay off your loan within 10 years.

1. Please use Excel to work on the following questions:

1) Set up the loan amortization tables for the loans with these two different repayment options, respectively.

2) How much interest will you pay in total when you pay off your loan offered by these two different repayment options, respectively?

3) How much will you pay in total, including interest and principal, for these two different repayment options, respectively?

1. A research study examined the blood vitamin D levels of the entire US population of landscape gardeners. The population average level of vitamin D in US landscapers was found to be 45.29 ng/mL with a standard deviation of 4.701 ng/mL. Assuming the true distribution of blood vitamin D levels follows a Gaussian distribution, if you randomly select a landscaper in the US, what is the likelihood that his/her vitamin D level will be between 57.21 and 60.85 ng/mL?

2. Suppose at random 30% of school children develop nausea and vomiting following holiday parties and that you conduct a study to examine this phenomenon, with a sample size of n=43. What is the probability that 31 or more children become sick?
3. A research study examined the blood vitamin D levels of the entire US population of landscape gardeners. The population average level of vitamin D in US landscapers was found to be 54.66 ng/mL with a standard deviation of 5.638 ng/mL. Assuming the true distribution of blood vitamin D levels follows a Gaussian distribution, what is the lower value of the region for which approximately 68% of the data are located within the distribution? Recall the 68-95-99.9% observation discussed in the "Normal Distribution" section of the textbook that is helpful in answering the question.

4. Suppose at random 30% of school children develop nausea and vomiting following holiday parties and that you conduct a study to examine this phenomenon, with a sample size of n=28. What is the probability that between 13 or more and less than 24 children become sick?

5. A research study examined the blood vitamin D levels of the entire US population of landscape gardeners. The population average level of vitamin D in US landscapers was found to be 35.18 ng/mL with a standard deviation of 5.744 ng/mL. Assuming the true distribution of blood vitamin D levels follows a Gaussian distribution, if you randomly select a landscaper in the US, what is the probability that his/her vitamin D level will be between 21.89 and 49.69 ng/mL?

Juliette White is a head of household taxpayer with a daughter named Sabrina. They live at 1009 Olinda Terrace Apt. 5B, Reno, NV 78887. Juliette works at a local law firm, Law Offices of Dane Gray, and attends school in the evenings at Reno Community College (RCC). She is taking some general classes and is not sure what degree she wants to pursue yet. She is taking three units this semester. Full-time status at RCC is nine units. Juliette’s mother watches Sabrina after school and in the evenings (no charge) so that Juliette can work and take classes at RCC. Social security numbers are 412-34-5670 for Juliette and 412-34-5672 for Sabrina. Their birth dates are as follows: Juliette, 10/31/1988; and Sabrina, 3/1/2013.

The Form W-2 Juliette received from the Law Offices of Dane Gray contained the following information:

Juliette also had the following expenses:
                                

Juliette had qualifying health care coverage at all times during the tax year.

Prepare Juliette’s federal tax return. Use Form 1040 and any additional appropriate schedules or forms she may need for credits. For any missing information, make reasonable assumptions. (Input all the values as positive numbers. Instructions can be found on certain cells within the forms. Round your final answers to the nearest whole dollar amount.)

Use the appropriate Tax Tables and EIC table.

I need a 1040, SCH EIC , SCH 8812, 8863

Can you please answer the question

Education reform is one of the most hotly debated subjects on both state and national policy makers’ list of socioeconomic topics. Consider a linear regression model that relates school expenditures and family background to student performance in Massachusetts using 224 school districts. The response variable is the mean score on the MCAS (Massachusetts Comprehensive Assessment System) exam given in May 1998 to 10th graders. Four explanatory variables are used: (1) STR is the student-to-teacher ratio in %, (2) TSAL is the average teacher’s salary in $1,000s, (3) INC is the median household income in $1,000s, and (4) SGL is the percentage of single-parent households. A portion of the data is shown in the accompanying table.

SOURCE: Massachusetts Department of Education and the Census of Population and Housing.

Click here for the Excel Data File

a. For each explanatory variable, discuss whether it is likely to have a positive or negative causal effect on Score.

b-1. Estimate the sample regression equation. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.)

b-2. Are the signs of the slope coefficients as expected?

c. What is the predicted score if STR = 18, TSAL = 50, INC = 60, SGL = 5? (Round coefficient estimates to at least 4 decimal places and final answer to 2 decimal places.)

d. What is the predicted score if everything else is the same as above except INC = 80? (Round coefficient estimates to at least 4 decimal places and final answer to 2 decimal places.)

Our dataset has the following variables

Commitment- how committed the employee is to the organization [measured on a 5 point Likert scale:-1( strongly disagree= 5(strongly agree); higher number means more committed]

Satisfaction- How satisfied is the employee with his/her job?[ measured on a 5 point Likert scale:- 1 (strongly disagree) to 5 (strongly agree); higher number means more satisfied]

Performance- What was this employee’s rating on his/her last performance appraisal?[ measured on a Likert Scale:- 1 (poor) to 5 (excellent); higher number means higher performance]

Gender- What is the employee’s gender?[Male = 1 Female = 2]

Degree- What is the employee’s highest degree?[ Less than High School = 1 High School = 2 Some College = 3 Bachelor’s Degree = 4 Graduate Degree = 5]

Age- How many years old is the employee? (Years)

Absences- How many absences did this employee have this year? (Number of absent days)

Job- Is the employee management or a line worker? (Management = 1Line Worker = 2)

Self esteem- level of self-esteem [ measured on a 5 point Likert scale:-1 (low) to 5 (high)]

Use the dataset to test whether your employees’ commitment average is significantly different from the national average, which is 3.85 in companies like yours.

i. Is there a statistically significant difference between your company and the national average? [report the t-value and p-value at the end of the sentence stating whether there is a difference: “…end of sentence (t = x.xx, p < 0.xx).”]

ii. How much error is there in your conclusions? [Be sure to write a complete statement using the variable names]

iii. Comment on the practical implication of your findings