Applicants to the Royal Canadian Mounted Police must pass a written examination, an interview, and a physical ability test before being accepted for basic training at the RCMP’s training center in Regina. As a federally regulated agency, the RCPM falls under the jurisdiction of the Employment Equity Act. Designed to further the employment of women, visible minorities, and other designated groups. The RCMP has had difficulty meeting recruiting targets of 20% women, 4.5% Aboriginal people, and 8.3% visible minorities that were set in compliance with the objectives of the Act. A review of testing data showed that Aboriginal peoples and visible minorities scored slightly lower than other groups ion the written tests and that 40-50% of women applicants fail the physical ability test, a rate considerably higher than that for men. In response to concerns over failing to meet its recruiting objectives, the RCMP undertook a revision of the examination, which assesses cognitive ability. The new test retains, “academic’ items related to composition and computation, but it also has new items in the form of scenarios that are directed at problem solving. The new questions are more job directed and operational in nature. The test items were rewritten to minimize the impact of different regional language styles to ensure that the questions are fair and equitable for all applicants. With respect to the physical ability test, women had particular difficulty with the upper body strength requirements. To deal with this problem, the RCMP instituted a six-week training pretraining in fitness program to help women prepare for the fitness test. It also revised the evaluation procedure. The following document provides information on the new physical ability requirement and provides information on how to prepare for the test.

que 1 . Design and describe a recruiting campaign to attract more women and visible-minority applicants to the RCMP.

oue 2 looks at another method that can be used to improve the number of minority applicants: banding. This procedure is also controversial. You may want to read that section now and discuss this as an option. How would the public likely react to using banding?

Heritage Ltd. was organized on January 2, 2020. The following investment transactions and events occurred during the following months:

Assume that Heritage has a significant influence over Port with its 20% share.

1. Prepare the entries to record the preceding transactions in Heritage’s books.

a. Record the purchase in strategic investment.

b. Record the dividends received from strategic investment.

c. Record the share of profits of equity investment.

d.Record the dividends received in equity investment.

e.Record the share in profits of equity investment

f. Record sale in strategic investment.

2. Calculate the carrying value per share of Heritage’s investment as reflected in the investment account on January 4, 2022. (Round your answer to 2 decimal places.)

Carrying valve per share. __________?

3. Calculate the change in Heritage’s equity from January 2, 2020, through January 5, 2022, resulting from its investment in Port.

equity _____ by ______

“Minister of labour, Thulas Nxesi, has gazetted South Africa’s new minimum wage which will take effect from 1 March 2020.
The gazette states that the new national minimum wage is R20.76 – an increase of 3.8%”.
Adapted from: https://businesstech.co.za/news/government/374920/6-planned-laws-that-government-has-just-announced-for-south-africa/
Accessed: 21/02/2020
Provide a discussion on the welfare effect of the above, that illustrates the case for when the above results in unemployment in the market for domestic workers as well as a case for when the above has no effect on the market for domestic workers. Use a diagram to support your discussion.

N.B.N.B Please include diagram

Use the sample entry from an Apache web server log below to answer the following questions. (10 marks total) CSE1CPR 2020 Final Exam Page 8 10.10.0.2 - - [1/Jan/2020:10:02:45 +0000] “GET /login.php?username=admin&password=password&submit=TRUE HTTP/1.1 302

i. Identify the key information in this message and briefly describe what this log entry is telling you?

ii. What security threat or vulnerability can you see from this log entry?

iii. How might this cause harm? iv. Suggest how the website developer or administrator might mitigate this threat or vulnerability?

On January 1, 2019, Parkway Company adopted a defined benefit pension plan. At that time, Parkway awarded retroactive benefits to its employees, resulting in a prior service cost of $2,180,000 on that date (which it did not fund). Parkway decided to amortize this cost by the straight-line method over the 16-year average remaining service life of its active participating employees. Parkway’s actuary and funding agency have also provided the following additional information for 2019 and 2020:

*Due to the prior service cost

Parkway contributed $670,000 and $700,000 to the pension fund at the end of 2019 and 2020, respectively. There are no other components of Parkway’s pension expense. At the end of 2020, the projected benefit obligation was $3,359,800 and the fair value of the pension plan assets was $1,430,300.

Required:

CHART OF ACCOUNTSParkway CompanyGeneral Ledger

Compute the amount of Parkway’s pension expense for 2019 and 2020.

2. Prepare the entries to record prior service cost on January 1, 2019, and the pension expense and amortization of prior service costs on December 31, 2019 and 2020.

General Journal Instructions

PAGE 2019

GENERAL JOURNAL

2. Prepare the entries to record prior service cost on January 1, 2019, and the pension expense and amortization of prior service costs on December 31, 2019 and 2020.

General Journal Instructions

PAGE 2020

GENERAL JOURNAL

3. What is the total accrued/prepaid pension cost at the end of 2020?

Is it an asset or liability?

An analyst is trying to value Jason’s Specialties (JS) stock. The analyst has collected data from the company and other sources to prepare the below financials, both actual and projected. Based upon these sources, the analyst expects the company’s free cash flows to grow at 4% on average. The analyst has estimated the company’s cost of capital (WACC) to be 16% and its cost of equity to be 21%. The risk-free rate is 2.3%..

1. Which items listed under Current Assets and Current Liabilities are typically excluded from NOWC? What is JS’s NOWC in years 2019 and 2020?
2. Compute the firm’s FCF (free cash flow) for year 2020.
3. Find the value of the firm using DCF method and price per share assuming that there are 10,000,000 shares issued and outstanding.
4. Find the value of the firm using ECF method and price per share assuming that there are 10,000,000 shares issued and outstanding
5. What is the External Financing Needed for year 2020? Explain your calculation
6. Suppose that the firm's probability of bankruptcy is estimated to be 5% and the economic loss associated with bankruptcy is likely to amount to $55,000,000. What valuation method would allow you to take this into account? Describe briefly how you would implement it (you do not have enough information to actually do the calculations, so no need to try).

Income statement for the fiscal year ending January 1 (Millions of dollars)

Balance sheets for the fiscal year ending January 1 (Millions of dollars)

LAG network inc. balance sheet and income statement are as follows
LAG network inc.
income statemment
for year ended dec. 31 2020
sales                                             922600
cogs                                               550200
gross profit                                     $ 372400
operating expenses:
depreciation expense    25200
other expenses                226800
total operating expenses                 252000
profit from operations                      $ 120400
invome taxes                                           12600
profit                                                       $107800
             LAG network inc.
comperative balance sheet information dec 31
assets                                    2020               2019
cash                                         81130        53200
acc. receviable                       40400       37200
merchandise inventory       283770       238600
equipment                              148400     137200
acc. depreciation                    65800       40600
total assets                       487900         425600
liabilities and equity
acc. payable                     25200          37800
income tax payable        5600          4200
common shares         357000          346500
retained earnings       100100          3710
total liabilities and equity 487900   425600
additinal information regarding LAG network inc. activities during 2020
a... equipment is purchased for $ 11200 cash
b.. 4200 common shares are issued for cash at $ 2.50 per share
c.. declared and paid $ 44800 of cash dividends   during the year
other information regarding LAG network inc.
a. all sales are credit sales
b. all credita to account receivable are receipta from customers
c. all purchase of merchandise are in credit
d. all debts to account payable result from payments for merchandise
e. other operating expenses are cash expenses
f. the only decrease in income taxes payable is for payment of taxes
required
1 prepare a statement of cash flows for 2020 using the direct method to report cash inflows and outflows from operating activities

You are an assistant Human Resource Manager at Company X. You have had this job for two years, and you love it. You have a great opportunity to become the manager within the year as your immediate boss is nearing retirement. One day, the president of the company comes by your desk to ask you for “a favour”. He has just hired a “rock star” CEO and wants you to enroll her in the company benefits program right away and waive the required 6 months probationary period. He really wants to make a good impression with her and roll out the red carpet. The policy is that all employees must wait 6 months before enrolling in any company benefits program. You are well aware of the policy because when you were first hired, you needed new glasses and had to wait 6 months for coverage even though you had asked for a waiver. What do you do? Explain your decision using the four ethical decision-making criteria discussed in class and in your textbook.

Case II – Godiva Case

Any of irrelevant information to the question below, you can ignore from the description. This case is updated or continued from the first case study in week 7.

[Personal Info.]

Robinson Godiva is 46 years old, and his wife Geniece is 37 years old. Robinson and Geniece were married 8 years ago; it was Robinson’s second marriage and Geniece’s first marriage. Robinson and Geniece have one child Chaplin, who is 6 years of age. Robinson has two children by his prior marriage: Lorna, who is 14 years of age, and Eva, who is 12. All of children attend public schools.

Robinson is a chemistry professor at the university and is a partner in Lion Research Associates, a chemistry firm that Robinson started with three of his associates from the university.

[Asset Info.]

The Godivas own their personal residence in joint tenancy with right of survivorship, and it is valued currently at $250,000. They purchased the home seven years ago for $175,000. They have finished the basement and added a room and bathroom at a cost of $40,000. They have a mortgage balance of $150,000. The Godivas’ household furnishing are valued at $70,000, and Geniece’s jewelry and furs are valued at $30,000. Robinson and Geniece live in a state that follows the common-law forms of property ownership.

Robinson and Geniece have a joint checking account that contains $7,000 and a joint savings account that contains $15,000. Interest income on the savings account last year was $450. The Godivas also have $12,000 in money market mutual funds that paid dividends last year of $515. Robinson owns shares in a growth stock mutual fund that he purchased three years ago for $5,000, is now worth $5,750, and paid dividends last year of $100. Dividends on these shares are expected to grow by 8% per year, and Robinson believes that a 10% rate of return would be appropriate for these shares with their degree of risk. Geniece owns shares in a municipal bond fund purchased for $6,300, currently valued at $7,000, and yielding $400 per year tax-free. The Godivas jointly purchased 500 shares in Roters Power, Inc., a public utility company. These shares were acquired at a cost of $6,250, are currently vluaed at $8,000, and pay annual dividends of $480.

Robinson’s father died two year ago, and his mother died last year, leaving Robinson an inheritance of $150,000 in U.S. Treasury securities, paying 8% interest ($12,000 annually), and a one-half interest in common with his brother in a Florida condominium. The condominium was valued in his mother’s estate at $120,000 and was purchased six years ago for $1250,000. Real estate taxes on the condominium, half of which Robinson includes among his itemized deductions for federal income tax purposes, total $1,000. Both of Geniece’s parents are still living.

The Godivas are also joint owners of a parcel of undeveloped land in the mountains, where they plan to build a vacation home. The parcel of land cost them $75,000 and is currently valued at $70,000. They have a $30,000 mortgage on the property. Interest on the mortgage is $2,700 per year. Real estate taxes are $700.

Robinson owns an apartment building near the university that he rents to students. The apartment building was purchased four years ago for $95,000 and is currently valued at $125,000. The annual gross rental income from the property is $11,000. Robinson has a mortgage balance of $60,000, and his interest payments total $4,950. His real estate taxes and maintenance expenses are $3,000, and depreciation is $2,850.

The Godivas are joint owners of two automobiles. The cars are valued at $25,000 and $17,500. Robinson owns a sailboat which he bought for $35,000 and is valued now at $40,000.

Robinson has a one-fourth interest in the partnership Reptiles Chemicals, which is engaged in research for genetic engineering of various plants. There are no employment contracts for the partners. In addition to the partners, the firm has eight employees, including four research assistants, two secretaries, and two maintenance/hothouse workers. The research assistants are paid $30,000 each, the secretaries are paid $18,000 each, and the other workers are paid $20,000 each.

Robinson and his partners believe that the value of Reptile Chemicals is approximately $1 million. There has been no objective valuation, however. The largest assets of the firm are its building and grounds, where the firm has a laboratory, hothouses, and fields for growing experimental plants. The building and land were purchased for $250,000, and $150,000 was allocated to the building and $100,000 to the land. Additional buildings have been added at a cost of $75,000, and the current value is estimated to be $400,000. The firm has a mortgage balance on the building and land of $150,000. The partnership has been depreciating the building for tax purposes under the original accelerated cost recovery system.

[Income Tax Info.]

Robinson earns $60,000 in annual salary from the university, and he reports another $48,000 of net taxable income from the biotechnology firm. Geniece earns $30,000 working in public relations for a hospital. She also receives $5,000 at the beginning of each year from a trust established by her grandmother, with securities valued currently at $100,000. At Geniece’s death, the trust income will be paid to Charles, or if Charles is over age 25, the corpus will be distributed to him. The Godivas file joint tax returns.

Robinson pays child support for his two daughters in the amount of $400 each per month, and these payments are probably 75% of their support annually. Robinson’s daughters are in the custody of their mother and live with her for approximately nine months of the year. Robinson is required by his divorce degree to maintain a $100,000 life insurance policy to provide child support in the event of his death.

Several years ago, Robinson established custodian account for Lorna and Eva. Lorna’s account generate annual income of $900, and Eva’s account has annual income of $850.

Robinson and Geniece incur home mortgage interest costs of $12,000 per year. Real estate taxes on their home are $2,500. They will pay $4,500 in state income taxes this year and $150 in personal property taxes. Their contributions to charities totaled $2,000.

[Retirement Info.]

Geniece owns IRA accounts totaling $17,000. She is now an active participant in a defined-contribution pension plan through the hospital where she works, and her vested account value is $35,000. Eight percent of Robinson’s gross salary at the university is deducted each year and contributed to a tax-deferred annuity. The university contributes an additional six percent dollar for dollar on a tax-deferred basis. The plan is projected to pay Robinson $2,500 per month when he retires at age 65 or to Geniece at his death.

One of the partners in Reptile Chemicals is age 65 and about two years away from retirement, and two partners are age 55. The partners would like to prepare for the expected retirement of the age-65 partner, as well as the unexpected death or disability of any partner. The partners are also contemplating a retirement program for the firm and would like advice concerning the design.

[Insurance Info.]

The university provides disability income coverage for one-third of Ronbinson’s salary, group medical expense insurance covering Robinson and his family through a health maintenance organization, and group term life insurance for Robinson, with a death benefit of $50,000. Robinson owns a whole life insurance policy that will pay a death benefit of $100,000 and has a cash value of $5,500, and he owns a universal life policy with a face value of $150,000 and a cash value of $3,000. The annual premium on the whole life policy is $2,000, and the annual premium on the universal life policy is $800. Geniece has group term life insurance through her employer in a face amount that is equal to her salary.

Property and liability insurance that insures the Godivas’ house for its replacement cost has an annual premium of $1,200. The Godivas’ cars are insured under a personal auto policy provising limits for bodily injury of $100,000/$300,000, property damage of $25,000, uninsured motorists coverage of $10,000/$20,000, no-fault benefits, and a collision deductible of $250. Robinson’s sailboat is insured under a yacht policy.

[Estate Planning Info.]

Robinson’s will leaves his entire estate to Genice, but if Geniece predeceases Robinson, the estat will be left in trust for Robinson’s three children equally. Geniece’s will leaves her entire estate to Robinson or, if he predeceases her, to Charles.

Question II-1. Which of the following statement concerning the Godivas’ use of other or additional insurance coverages is correct?

1. They could provide all-risks coverage for contents by replacing their HO-03 policy with an HO-04 policy.
2. They could provide coverage for the contents of their condominium in Florida by adding an HO-06 as an endorsement to their HO-03 policy.
3. They could have provided all-risks coverage for both their dwelling and its contents if they had purchased an HO-02 instead of an HO-03.
4. They could have provided contents coverage up to 50% of the dollar amount of the dwelling coverage if they had purchased either an HO-02 or an HO-03.
5. They could reduce the premium cost for their homeowners coverage by insuring their home for its replacement cost under an HO-08.

Question II-2. Which of the following items of personal property would be excluded under the Godiva family’s HO-03 policy?

(1) Animals, birds, and fish

(2) Business property

(3) Loss causes by the negligent use of the dwelling fireplace

(4) Loss of $2,000 of clothing in a hotel fire while the family is vacationing in Paris

1. (1) only
2. (2) and (3) only
3. (1), (2), and (3) only
4. (2), (3), and (4) only
5. (1), (2), (3), and (4)

Question II-3. Which of the following would be excluded from liability coverage under the Godiva family’s personal auto policy (PAP)?

(1) Robinson’s use of a motorcycle recently acquired for weekend recreation purposes

(2) Robinson’s use of one of the family’s cars for business purposes

(3) Robinson’s use of one of the family’s cars in the neighborhood car pool, for which service each passenger pays Robinson $5.00 weekly.

1. (1) only
2. (1) and (2) only
3. (2), and (3) only
4. (1), (2), and (3)
5. Neither (1), (2), nor (3)