Questions
1. In 2010, LinkedIn reported trade payable obligations totaling $10.8 million in other accrued expenses within...

1. In 2010, LinkedIn reported trade payable obligations totaling $10.8 million in other accrued expenses within accrued liabilities instead of accounts payable. In 2011, note 2 in the 10-K financial statements described the use of accrued liabilities instead of accounts payable as a classification. Do you believe LinkedIn’s accounting qualifies as a financial shenanigan?

2. Tineseltown Construction just received a $2 billion contract to construct a modern football stadium in the City of Industry, located in southern California, for a new National Football League (NFL) team called the Los Angeles Devils of Industry. The company estimates that it will cost $1.5 billion to construct the stadium. Explain how Tineseltown can make revenue recognition decisions each year that enable it to manage earnings over the three-year duration of the contract.

In: Accounting

Case 4: New Retail Strategy September 2010: American retailers are cutting expenses to maintain stable profits...

Case 4: New Retail Strategy September 2010: American retailers are cutting expenses to maintain stable profits through what is increasingly looking like another challenging holiday season. Approaching the 2010 holiday season, stores are looking for ways to maintain profit margins. Wal-Mart Stores Inc. reported a 3.6 percent gain in second-quarter earnings on August 17, 2010 and raised its annual profit forecast, despite notching negative sales at U.S. stores open at least a year for the fifth consecutive quarter. Home Depot Inc. reported a 6.8 percent quarterly profit jump despite a moderate same-store sales boost of 1.7 percent, and also raised its full-year profit forecast, even as it lowered annual revenue projections. How can you increase earnings with tighter revenue? By reducing costs. Wal-Mart is cutting advertising budgets and resuming its traditional “everyday low prices” strategy after aggressive temporary “rollback” price cuts failed to stimulate new sales. The top retail chains are adapting to the prolonged economic slowdown by reducing employee work hours, maintaining thin inventories, and squeezing costs out of supply chains. Although retail executives have been planning conservatively for months, many had expected the economy to show signs of improvement by this point. Abercrombie & Fitch Co. plans to close 60 of its 1,098 stores this year and 50 next year. The teen retailer reported a 5 percent jump in quarterly same-store sales, but noted that average prices fell 15 percent as stores wage price wars to wrest a bigger share of back-to-school budgets. Urban Outfitters Inc., the apparel company for twenty-somethings that also operates Anthropologie and Free People, voiced similar cautions. Saks Inc. said Tuesday it was closing luxury department stores in Plano, Texas, and Mission Viejo, California, after reporting a quarterly loss of $32.2 million.

Why don’t the stores raise prices to increase demand?

What cost is Abercrombie cutting?

Why would stores wage price wars in a declining economy? Is cost cutting in a recession a good strategy? Explain.

What does it mean when a recovery takes place?

In: Economics

Starting in May 2010, the PRM‐PMI measures short‐run business conditions in Puerto Rico’s manufacturing sector, and...

Starting in May 2010, the PRM‐PMI measures short‐run business conditions in Puerto Rico’s manufacturing sector, and provides a broad‐based metric for the productive side of Puerto Rico’s economy. The participants include manufacturing establishments with 50 or more employees with membership in the Puerto Rico Manufacturers Association. Currently, results are presented on a Non-Seasonally Adjusted (NSA) basis. In the future, with sufficient data points, a seasonally adjusted version of the PRM‐PMI will be prepared, which will smooth away the influence of seasonal fluctuations. The PRM-PMI is calculated as the simple average of 5 sub‐indexes, representing different business conditions in manufacturing establishments: New Orders PMI, Production PMI, Employment PMI, Supplier Deliveries PMI, Own Inventories PMI. The sub‐indexes are computed using a diffusion index methodology. In specific, for any given month with respect to the previous month, participants are asked to answer whether the business condition of the establishment: (1) improved, (2) remained the same, or (3) deteriorated. Diffusion indexes are calculated as the percentage of responses that indicate the business condition improved plus half of the percentage of responses that indicate the business condition remained the same.

Use the following data to Calculate using excel the regression statistics: Multiple R, R Square, Adjusted R Square, Standard Error, ANOVA, T Stat and P Value

Date PMI General New Orders Production Employment Suppliers Delivery Own inventories Clients inventories Prices paid Backlogs Export orders
1/1/2018 58.5 55 62.5 57.5 57.5 60 55 40 62.5 37.5 50
12/1/2017 53.6 48 48 56 52 70 42 20 60 54 52
11/1/2017 53.5 50 52.5 65 47.5 55 47.5 22.5 62.5 52.5 47.5
10/1/2017 48.1 28.1 40.6 25 40.6 87.5 46.9 15.6 68.8 62.5 40.6
9/1/2017 33.1 12.5 25 9.4 31.2 62.5 37.5 25 50 46.9 34.4
8/1/2017 53.8 59.4 62.5 62.5 53.1 53.1 37.5 37.5 56.2 34.4 62.5
7/1/2017 45.8 42.3 40.4 44.2 48.1 44.2 51.9 36.5 50 21.2 32.7
6/1/2017 43.6 40.4 36 44 44 50 44 38 48 32 28
5/1/2017 48.6 48.2 51.7 53.4 48.3 50 39.7 39.7 50 27.6 44.8
4/1/2017 39.3 25.9 25.9 31.5 37 57.4 44.4 27.8 57.4 27.8 37
3/1/2017 47.9 47.9 52.1 47.9 41.7 52.1 45.8 35.4 52.1 35.4 60.4
2/1/2017 49.2 42 40 56 52 54 44 34 56 38 46
1/1/2017 44.2 40.4 38.5 38.5 46.2 48.1 50 34.6 55.8 34.6 38.5
12/1/2016 46.1 47.8 45.7 37 50 52.2 45.7 37 52.2 28.3 43.5
11/1/2016 49.1 50 45.7 54.3 50 43.5 52.2 34.8 54.3 30.4 43.5
10/1/2016 54.2 55.6 57.7 57.7 51.9 55.8 48.1 38.5 46.2 36.5 55.8
9/1/2016 47.9 51.8 50 46.4 44.6 51.8 46.4 35.7 46.4 26.8 50
8/1/2016 55.7 64.3 66.1 60.7 57.1 41.1 53.6 35.7 48.2 41.1 53.6
7/1/2016 45.8 40.4 42.3 32.7 44.2 53.8 55.8 40.4 48.1 34.6 46.2
6/1/2016 50.7 48.2 50 50 51.8 46.4 55.4 39.3 50 32.1 51.8
5/1/2016 46.6 43.1 39.7 41.4 46.6 51.7 53.4 37.9 50 29.3 46.6
4/1/2016 47.9 42.6 44.1 47.1 52.9 47.1 48.5 36.8 51.5 25 47.1
3/1/2016 54 55 61.7 66.7 51.7 50 40 33.3 48.3 33.3 71.7
2/1/2016 55.4 57.1 62.9 60 51.4 51.4 51.4 31.4 47.1 31.4 57.1
1/1/2016 44.7 38.6 45.6 39.7 44.1 55.9 38.2 39.7 55.9 39.7 50
12/1/2015 44.1 48.3 48.3 36.2 48.3 53.4 34.5 44.8 51.7 31 43.1
11/1/2015 51.1 48.3 53.6 50 41.1 57.1 53.6 37.5 51.8 35.7 44.6
10/1/2015 47.1 57.1 46.4 50 44.6 50 44.6 39.3 50 28.6 50
9/1/2015 52.7 50 46.7 56.7 50 53.3 56.7 36.7 53.3 38.3 51.7
8/1/2015 49.5 54.8 62.5 52.5 52.5 45 35 35 45 32.5 52.5
7/1/2015 49.6 50 47.9 43.8 43.8 47.9 64.6 39.6 52.1 20.8 45.8
6/1/2015 56.7 62 62.5 60.4 56.2 46 58.3 33.3 62 29.2 58.3
5/1/2015 55.8 57.5 65.8 55.3 55.3 42.1 60.5 42.1 57.9 31.6 50
4/1/2015 58.4 62 62 60 52 58 60 40 58 48 50
3/1/2015 58.7 67.4 73.9 56.5 52.2 56.5 54.3 34.8 52.2 54.3 58.7
2/1/2015 61.7 66.7 68.8 66.7 54.2 62.5 56.2 39.6 52.1 47.9 60.4
1/1/2015 49.2 46.4 48.1 44.2 44.2 57.7 51.9 32.7 46.2 44.2 46.2
12/1/2014 49.6 48 50 40 48 52 58 38 54 32 50
11/1/2014 46.7 40.5 42.9 40.5 47.6 57.1 45.2 38.1 54.8 35.7 52.4
10/1/2014 52.9 50 54.2 52.1 47.9 50 60.4 47.2 54.3 42.9 54.3
9/1/2014 48.4 47.9 48 48 38 48 60 57.9 58 41.3 45.7
8/1/2014 53.6 54 60 56 54 50 48 50 54 39.1 54.3
7/1/2014 45.4 37.5 42.9 39.3 48.2 46.4 50 54 55.4 44.2 51.9
6/1/2014 39.7 32.3 37.1 33.9 43.5 45.2 38.7 50 64.5 40.7 46.6
5/1/2014 47.5 44.6 44.6 48.2 39.3 46.4 58.9 52.3 62.5 34 48.1
4/1/2014 47.6 44 48 50 42 52 46 52.4 56 30.4 47.9
3/1/2014 56.4 53 59.1 62.1 54.5 56.1 50 55.4 63.6 32.3 59.7
2/1/2014 52.8 48.3 51.7 56.9 46.6 56.9 51.7 52.1 60.3 42.3 50
1/1/2014 43.6 45.5 42.4 42.4 40.9 50 42.4 44.4 72.7 39.3 50
12/1/2013 41.6 39.1 35.9 35.9 43.8 50 42.2 56 51.6 28.6 44.6
11/1/2013 53.1 54.8 51.7 53.4 51.7 53.4 55.2 50 55 44.4 51.9
10/1/2013 52.1 48.3 55.4 53.6 44.6 58.9 48.2 56.5 63 24 61.5
9/1/2013 50.9 45.6 50 50 50 58.8 45.6 52 68.2 35.5 54.8
8/1/2013 51.5 47 47 51.5 50 57.6 51.5 52.2 68.8 40 57.8
7/1/2013 43.4 42.2 40.6 37.5 39.1 51.6 48.4 54.3 62.5 34.5 44.6
6/1/2013 48.1 46.4 42.6 48.1 44.4 57.4 48.1 52.4 61.5 32 43.5
5/1/2013 49.1 45.7 52.2 50 34.8 56.5 52.2 52.9 56.5 39.1 47.5
4/1/2013 55.8 53.8 59.6 57.7 53.8 51.9 55.8 47.4 59.6 33.3 58.3
3/1/2013 61.7 58.3 67.4 67.4 52.2 56.5 65.2 47.1 63.6 35.7 57.9
2/1/2013 51.2 42.3 55.8 51.9 42.3 55.8 50 42.5 50 43.8 45.5
1/1/2013 55.2 53.7 59.3 57.4 53.7 50 55.6 50 65.4 38.5 47.8
12/1/2012 55 51.6 56.2 46.9 57.8 53.1 60.9 52.1 58.1 41.9 50
11/1/2012 46.2 41.7 45.8 35.4 41.7 52.1 56.2 54.5 56.5 36.4 47.5
10/1/2012 51.5 64.8 57.4 53.7 38.9 51.9 55.6 50 63.5 38.5 44
9/1/2012 47.9 41.4 43.1 41.4 44.8 53.4 56.9 50 53.6 37 53.8
8/1/2012 57.1 58.1 62.9 61.3 56.5 46.8 58.1 45.5 63.8 35 55.6
7/1/2012 52.5 45.6 46.9 46.9 53.1 57.8 57.8 43.8 59.7 40 46.6
6/1/2012 51.9 45.5 50 51.6 46.9 51.6 59.4 50 54.8 38.7 44.8
5/1/2012 59 67.9 64.1 66.7 55.1 51.3 57.7 51.7 58.1 39.7 58.1
4/1/2012 50.6 47.1 52.9 50 48.6 52.9 48.6 48.3 63.2 43.5 51.5
3/1/2012 56.6 57.7 63.2 64.5 56.6 52.6 46.1 48.3 70.3 45.3 59.7
2/1/2012 52.1 50 50 61.8 55.3 52.6 40.8 44.6 70.3 34.8 52.9
1/1/2012 50.9 42.4 53 51.5 47 51.5 51.5 43.2 64.5 40 48.3
12/1/2011 50.9 54.3 52.9 48.6 48.6 55.7 48.6 50 62.1 38.7 53.2
11/1/2011 52.1 65.2 65.2 54.5 48.5 47 45.5 56.8 58.1 36.2 56.5
10/1/2011 54.4 45.7 52.9 51.5 50 55.9 61.8 53.8 60.9 43.1 46.8
9/1/2011 54.4 52.9 54.4 57.4 51.5 57.4 51.5 53.8 72.6 39.7 57.6
8/1/2011 48.2 45.6 51.5 52.9 42.6 54.4 39.7 62.5 70.3 39.7 48.3
7/1/2011 48.5 42.4 43.9 43.9 47 53 54.5 50 70.3 35.7 43.3
6/1/2011 51.4 52.8 57.1 48.6 47.1 50 54.3 47.8 72.7 36.7 57.8
5/1/2011 50 47.4 44.7 48.7 46.1 55.3 55.3 46.4 70 27.3 48.6
4/1/2011 49.2 51.3 50 42.1 53.9 47.4 52.6 44.4 78.4 43.5 41.4
3/1/2011 60.6 66.2 72.1 75 51.5 52.9 51.5 41.7 80.3 48.3 57.8
2/1/2011 51.4 48.7 54.1 50 45.9 50 56.8 50 73.6 33.9 48.4
1/1/2011 51.1 36.8 39.5 46.1 53.9 52.6 63.2 50 75 45.6 47
12/1/2010 55.1 56.2 56.4 59 50 56.4 53.8 46 66.7 51.4 52.9
11/1/2010 50.8 54.1 56.8 55.4 47.3 51.4 43.2 46.3 64.9 55 51.6
10/1/2010 49.1 54.4 50 48.5 39.7 55.9 51.5 54.2 64.7 46.7 46.9
9/1/2010 50.5 48.8 52.6 55.3 42.1 48.7 53.9 46.3 64.5 41.2 50
8/1/2010 51.1 49 56.5 51.1 50 53.3 44.4 45.9 63.3 37.8 54.9
7/1/2010 45.7 40.9 42.9 45.2 45.2 47.6 47.6 57.9 64.3 23.8 50
6/1/2010 53.8 57.9 50 52.7 55.4 59.5 51.4 48.6 60.8 43.2 46.9
5/1/2010 55.1 45.7 61.7 58.5 52.1 51.1 52.1 48.9 62.8 38.3 60.5

In: Economics

Exchange Rate Pass-through: I have read about a study by Gopinath, Itskhoki, and Rigobon (2010) about...

Exchange Rate Pass-through: I have read about a study by Gopinath, Itskhoki, and Rigobon (2010) about the currency which importers decide to price their goods in. The study suggests that if an importer wants low passthrough rate (e.g. 0-20%), it will price in USD. If an importer wants high passthrough rate (e.g. 100%), it will price in non-Dollar curencies. Can someone explain why an importer would want 100% passthrough versus 0% passthrough? How does this impact an importer choosing to price in local currency versus the foreign currency?

In: Economics

ROK Corporation's December 31, 2010 balance sheet showed the following: Preferred Stock - $150,000 Common Stock...

ROK Corporation's December 31, 2010 balance sheet showed the following:

Preferred Stock - $150,000
Common Stock - $400,000
Paid-in Capital excess of par value - preferred stock - $80,000
Paid-in Capital excess of par value-common stock - $800,000
Retained Earnings - $1,500,000
Treasury stock - $150,000

1. What is the total amount of Paid-in Capital as of December 31?

2.  What is the total amount of Stockholders' Equity as of December 31?

3. Which of the following statements is TRUE regarding a 2-for-1 stock split?

a. Total contributed capital decreases

b. Par value per share will be twice the amount of what it was before the split.

c. A stockholder with ten shares before the split owns twenty shares after the split.

d. The market price of the stock will probably increase.

In: Accounting

(8 pts.) PBS (Sept. 6, 2010) cited a report (Organisation for Economic Co-operation and Development) examining...

  1. (8 pts.) PBS (Sept. 6, 2010) cited a report (Organisation for Economic Co-operation and Development) examining both the speed and cost of the Internet. PBS reported the following: "Japan has the fastest average connection speed at 61 megabits per second and the lowest monthly connection price (per mbps) at $0.27. The United States ranked 15th with an average connection of 4.8 mbps and monthly price (per mbps) of $3.33." Below are the updated data for 2012 (adapted slightly for this assignment). The first column is the cost mbps and the second column includes the cost inclusive of the line charges.

                                         Cost MBPS    Total Cost/Month

Mexico

1.69

58.98

Greece

1.25

16.72

Turkey

1.12

48.98

Chile

0.96

19.28

Israel

0.77

11.78

New Zealand

0.65

130.20

Italy

0.64

6.93

Ireland

0.61

47.17

Belgium

0.59

28.93

Austria

0.56

5.05

United States

0.53

41.70

Luxembourg

0.52

10.56

Switzerland

0.47

58.06

Portugal

0.46

6.27

Norway

0.46

18.02

Poland

0.45

127.12

Iceland

0.42

6.75

Germany

0.40

23.25

Czech Republic

0.40

12.35

United Kingdom

0.39

2.12

Canada

0.39

9.86

Denmark

0.36

1.79

Australia

0.34

6.81

Hungary

0.30

26.67

France

0.23

5.10

Korea

0.22

2.07

Finland

0.22

15.99

Sweden

0.11

18.63

Netherlands

0.08

4.52

Japan

0.04

21.34

Find the mean, median, and mode for the data for the cost MBPS.

          Mean =                            Median =                            Mode = ___________                   

Find the range, standard deviation, and variance for these data.

          Range =                               S =                                S2 =  ____________         

Find the mean, median, and mode for these data for the total monthly cost inclusive of the line charges.

           Mean =                            Median =                            Mode = ___________                   

  

Find the range, standard deviation, and variance for these data.

           Range =                               S =                                S2 =  ____________         

Write a short email describing the results of this study to a friend. Remember to convey the results of the study particularly in relation to variability. What does this study tell you about Internet costs around the globe?

  1. (5 pts.) Iron levels for a sample of adult women on a vegan diet are recorded below (normal iron levels: women 40-150; men 50-175 mcg/dL).

65

           115

146

           117

95

           108

           132

           127

             86

             48

85

           117

126

           117

             98

           118

           111

           123

             85

             43

   Find the mean, median, and mode for the data.

        Mean =                             Median =                          Mode =  ___________                 

Find the range, standard deviation, and variance for the data.

         Range =                                 S =                               S2 =  ___________                   

You have a friend who has just decided to become a vegan. What would you tell your friend?

  1. (2 pts.) Find the area between the following z-scores.

   Answer                  : z = 0 and z = 1.45

   Answer                  : z = 0 and z = 1.67

   Answer                  : z = -.96 and z = 0

   Answer                  : z = -1.92 and z = 0

  1. (2 pts.) Find the area between the following z-scores

   Answer                 : z = -1.4 and z = .8

   Answer                 : z = -2.8 and z = 1.73

   Answer                 : z = -1.6 and z = -.35

   Answer                : z = 1.3 and z = 1.92

  1. (3 pts.) Students completed an exam with a mean = 50 and a standard deviation of 8. Using this information, answer each of the questions below.

   Answer                 : Clem received a score of 56 on the test. What percentage of students scored less than Clem?

   Answer                 : Ewald received a score of 40 on the test. What percentage of students scored higher than Ewald?

   Answer                 : Roscoe received a score of 45 on the test. What percentage of students scored higher than Roscoe?

   Answer                 : Myrtle received a score of 47 on the test. Buford received a score of 54 on the test. What percentage of student scored between Myrtle and Buford?

In: Statistics and Probability

Java Gourmet Coffee Java Gourmet Coffee reports the following data for April 2010 where 200,000 pounds...

Java Gourmet Coffee

Java Gourmet Coffee reports the following data for April 2010 where 200,000 pounds of roasted gourmet coffee beans were actually produced (note: standard costs do not allow for any wastage),

Actual:

Direct Materials:

Quantity of coffee beans:

210,000 pounds

Cost per pound:

$0.60 per pound

Direct Labor:

Direct labor rate:

$19.00 per hour

Labor hours used:

13,000 hours

Variable Overhead:

Actual costs:

$21,600

Standard:

Direct Materials:

Quantity of coffee beans:

200,000 pounds

Cost per pound:

$0.50 per pound

Direct Labor:

Direct labor rate:

$20.00 per hour

Labor hours to be used:

0.05 hours per pound

Variable overhead:

$.10 per pound
  1.       Refer to Java Gourmet Coffee. Calculate the direct labor efficiency variance.

a.

$60,000 U

b.

$13,000 U

c.

$13,000 F

d.

$9,500 U
  1.       Refer to Java Gourmet Coffee. Calculate the variable manufacturing overhead variance.

a.

$1,000 U

b.

$2,000 U

c.

$1,000 F

d.

$2,000 F

In: Accounting

Alibaba's IPO In September 2014, Alibaba’s (BABA) IPO, which raised $25 billion, surpassed the 2010 offering...

Alibaba's IPO

In September 2014, Alibaba’s (BABA) IPO, which raised $25 billion, surpassed the 2010 offering from the Agricultural Bank of China (ABC), which raised $22.1 billion on the Hong Kong Stock Exchange. Read the following articles and discuss why Alibaba chose the NYSE over the Hong Kong Stock Exchange and NASDAQ.

Why Jack Ma May Choose New York for Alibaba IPO?

Alibaba Picks New York Stock Exchange for IPO.

Alibaba Claims Title For Largest Global IPO Ever With Extra Share Sales.

In: Finance

Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Dividend $         7.46 $         7.91...

Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Dividend $         7.46 $         7.91 $         8.38 $         8.80 $         9.24 $         9.70 $       10.28 $       10.79 $       11.33 $       12.01

Find both the arithmetic growth rate and the geometric growth rate of the dividends for Davy's Crock Pot Stores. Assuming the January​ 1, 2011 price of the stock is $110.00​, determine the current required rate of return for the company​ (use the geometric growth rate to calculate the required​ return.)

What is the arithmetic growth rate of the dividends for Davy's Crock Pot Stores​? (Round to two decimal​ places.)

What is the geometric growth rate of the dividends for Davy's Crock Pot Stores​? Round to two decimal​ places.)

What is the required rate of return for Davy's Crock Pot Stores​? Round to two decimal​ places.)

In: Finance

Company A's pension plan had the following balances on January 1, 2012 Balances, Jan. 1, 2010...

Company A's pension plan had the following balances on January 1, 2012

Balances, Jan. 1, 2010

plan assets -$120,000

pension assets/liabilities-($22,000)

projected benefit obligation-($142,000)

accumulated OCI

(PSC)- $42,000

(G/L)- $18,000

In 2012, Company A adjusted the actuarial assumptions of the plan, which increase the projected benefit obligation by $44,000. Service costs, and additional information regardingg the plan are summarized below.

Pension Plan

service cost- 28,400

amortization of prior service cost-0

amended prior service costs-(80,000)

actual return on plan assets-40,000

contributions-82,000

benefits paid-64,200

Company A's expected return on plan assets is 10%, while their interest and settlement rate is 8%. The average remaining service life of Comapny A's employees was 8 years.

Instructions

1. Prepare a schedule to calculate amortization of the gain, or loss on other omprehensive income, if any using the corridor method.

2. Prepare a pension plan worksheet for 2012.

3. Prepare the journal entry to record pension plan expense in 2012.

***Please show all work and calculations for everything***

Thanks :)

In: Accounting