How does a Board of Directors align the interests of CEO/shareholders and other stakeholders given the legally the #1 role of the BOD is to make a profit for the owners or shareholders?

Exercise 13-13 - Topic - Non Financial and Current Liabilities

Ayayai Corporation offers enriched parental benefits to its staff. While the government provides compensation based on Employment Insurance legislation for a period of 12 months, Ayayai increases the amounts received and extends the period of compensation. The benefit program tops up the amount received to 100% of the employee’s salary for the first 12 months, and pays the employee 70% of his or her full salary for another 6 months after the EI payments have stopped.
Zeinab Jolan, who earns $52,000 per year, announced to her manager in early June 2020 that she was expecting a baby in mid-November. On October 29, 2020, 9 weeks before the end of the calendar year and Ayayai’s fiscal year, Zeinab applied for and began her 18-month maternity leave. Assume that the Employment Insurance program pays her a maximum of $720 per week for 52 weeks.
For the purpose of this question, ignore any tax, CPP, and EI deductions when making payments to Zeinab.

A.) Prepare all entries that Ayayai Corporation must make during its 2020 fiscal year related to the parental benefits plan in regard to Zeinab Jolan.

B.) Prepare one entry to summarize all entries that the company will make in 2021 relative to Zeinab Jolan’s leave.

C.) Calculate the amount of parental benefits payable at December 31, 2020, and 2021.

Explain how these amounts will be shown on Ayayai’s SFP. (Round answers to 0 decimal places, e.g. 5,275.)

Listed below are the amounts of net worth​ (in millions of​ dollars) of the ten wealthiest celebrities in a country. Construct a 95​% confidence interval. What does the result tell us about the population of all​ celebrities? Do the data appear to be from a normally distributed population as​ required?

What is the confidence interval estimate of the population mean muμ​? ​$ millionless than<muμless than<​million

​(Round to one decimal place as​ needed.)

Listed below are student evaluation ratings of​ courses, where a rating of 5 is for​ "excellent." The ratings were obtained at one university in a state. Construct a confidence interval using a

95​%confidence level. What does the confidence interval tell about the population of all college students in the​ state?

3.93.9​,

3.03.0​,

4.24.2​,

4.84.8​,

3.13.1​,

4.04.0​,

3.73.7​,

4.94.9​,

4.14.1​,

3.93.9​,

4.44.4​,

3.83.8​,

3.63.6​,

4.04.0​,

3.53.5

What is the confidence interval for the population mean

muμ​? less than<muμless than<

​(Round to two decimal places as​ needed.)

Refer to the accompanying data set and construct a 95​% confidence interval estimate of the mean pulse rate of adult​ females; then do the same for adult males. Compare the results.

Click the icon to view the pulse rates for adult females and adult males.

Construct a 95​% confidence interval of the mean pulse rate for adult females. bpmless than<muμless than<bpm

​(Round to one decimal place as​ needed.)

The mean playing time for a large collection of compact discs is 37 minutes, and the standard deviation is 4 minutes.

(a)

What value (in minutes) is 1 standard deviation above the mean? One standard deviation below the mean? What values are 2 standard deviations away from the mean?

1 standard deviation above the mean  

1 standard deviation below the mean  

2 standard deviations above the mean  

2 standard deviations below the mean

(b)

Assuming that the distribution of times is mound-shaped and approximately symmetric,

approximately what percentage of times are between 29 and 45 minutes? (Hint: See Example 3.19. Use the Empirical Rule.)

Less than 25 min or greater than 49 min?

Less than 25 min?

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2)

Data on weekday exercise time for 20 females, consistent with summary quantities given in the paper "An Ecological Momentary Assessment of the Physical Activity and Sedentary Behavior Patterns of University Students,"† are shown below.

Calculate the values of the median and interquartile range.

median interquartile range

Interpret the values of the median and interquartile range.

The median exercise time of indicates that half of the exercise times were below, and the remaining half were above. The interquartile range tells us that the middle fifty percent of exercise times had a range of.

I NEED TO: Write a 100-word paragraph (in your own words) stating whether the study below is correlational or experimental and explaining why you believe it is correlational or experimental. If you believe it is both or neither, explain your thinking with examples from the article/study listed below.

PLEASE READ THE STUDY, IT IS LISTED BELOW TO ANSWER THE ESSAY QUESTION ABOVE:

Facebook’s damaging effects on mental health have been widely reported in a series of studies – but could the social network be making us physically ill, too? Researchers found that people who spent time looking at other people’s Facebook profiles, felt real physical symptoms as sleep problems, weight change and muscle tension. Researchers interviewed 165 Facebook users, and found that people who were inclined to compare themselves to others felt more aware of physical ailments. It’s not that Facebook actually causes the symptoms in other words, but comparing onself to others perceived as ‘better off’ causes increased awareness of symptoms. Dr Bridget Dibb, Senior Lecturer in Health Psychology at the University of Surrey, said, ‘Comparing ourselves to others is not a new concept; however, with the rise of social media it is becoming a part of our everyday lives. ‘An entity like Facebook, with 2.27 billion active monthly users, has never existed before. The long term effect it has on individuals is unknown, but it is clear that comparison with others is associated with perceptions of ill-health.‘Users need to be aware of how they feel when they use sites like Facebook and recognize the dangers of comparisons in this context.’

You have just received the following corporate change request from the Information Technology Division of Freektail Inc. Your task is to meet with your project team to assess the impact of this “change.”

Do you consider this corporate change request to be a simple change, or does it represent a change in project scope? Why?

How will this “change” impact the cost of your project plan?

How will this “change” impact the schedule for your project plan?

How will this “change” impact the resources you acquire to execute this project?

What additional changes will you make to your project plan to incorporate this change request?

The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company buys debt securities, not intending to profit from short-term differences in price and not necessarily to hold debt securities to maturity, but to have them available for sale when circumstances warrant. Ornamental’s fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2017. Mar. 31 Acquired 8% Distribution Transformers Corporation bonds costing $570,000 at face value. Sep. 1 Acquired $1,155,000 of American Instruments’ 10% bonds at face value. Sep. 30 Received semiannual interest payment on the Distribution Transformers bonds. Oct. 2 Sold the Distribution Transformers bonds for $612,000. Nov. 1 Purchased $1,570,000 of M&D Corporation 6% bonds costing at face value. Dec. 31 Recorded any necessary adjusting entry(s) relating to the investments. The market prices of the investments are: American Instruments bonds $ 1,088,000 M&D Corporation bonds $ 1,649,000 (Hint: Interest must be accrued.) Required: 1. Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjusting entries necessary at year end. For any sales, prepare entries to update the fair-value adjustment, record any reclassification adjustment, and record the sale. 2. Indicate any amounts that Ornamental Insulation would report in its 2018 income statement, 2018 statement of comprehensive income, and 12/31/2018 balance sheet as a result of these investments.

The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company buys debt securities, intending to profit from short-term differences in price and maintaining them in an active trading portfolio. Ornamental’s fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2017.

Required Indicate any amounts that Ornamental Insulation would report in its 2018 income statement, 2018 statement of comprehensive income, and 12/31/2018 balance sheet as a result of these investments. (Amounts to be deducted should be indicated with a minus sign.) Income statement: Interest revenue $ 75,200 Investment revenue Net income $ 75,200 Statement of comprehensive income: Net income Balance sheet: Assets Current Assets Interest receivable Investments $ 0 Shareholders’ Equity Required 1 Required 2

The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company buys debt securities, not intending to profit from short-term differences in price and not necessarily to hold debt securities to maturity, but to have them available for sale when circumstances warrant. Ornamental’s fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2017. Mar. 31 Acquired 6% Distribution Transformers Corporation bonds costing $430,000 at face value. Sep. 1 Acquired $945,000 of American Instruments’ 8% bonds at face value. Sep. 30 Received semiannual interest payment on the Distribution Transformers bonds. Oct. 2 Sold the Distribution Transformers bonds for $458,000. Nov. 1 Purchased $1,410,000 of M&D Corporation 4% bonds costing at face value. Dec. 31 Recorded any necessary adjusting entry(s) relating to the investments. The market prices of the investments are: American Instruments bonds $ 892,000 M&D Corporation bonds $ 1,493,000 (Hint: Interest must be accrued.) Required: 1. Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjusting entries necessary at year end. For any sales, prepare entries to update the fair-value adjustment, record any reclassification adjustment, and record the sale. 2. Indicate any amounts that Ornamental Insulation would report in its 2018 income statement, 2018 statement of comprehensive income, and 12/31/2018 balance sheet as a result of these investments.

The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company buys debt securities, not intending to profit from short-term differences in price and not necessarily to hold debt securities to maturity, but to have them available for sale when circumstances warrant. Ornamental’s fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2017.

Mar. 31 Acquired 5% Distribution Transformers Corporation bonds costing $600,000 at face value.

Sep. 1 Acquired $1,200,000 of American Instruments’ 7% bonds at face value.

Sep. 30 Received semiannual interest payment on the Distribution Transformers bonds.

Oct. 2 Sold the Distribution Transformers bonds for $645,000.

Nov. 1 Purchased $1,600,000 of M&D Corporation 3% bonds costing at face value.

Dec. 31 Recorded any necessary adjusting entry(s) relating to the investments.

The market prices of the investments are: American Instruments bonds $ 1,130,000

M&D Corporation bonds $ 1,680,000

(Hint: Interest must be accrued.)

Required: 1. Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjusting entries necessary at year end. For any sales, prepare entries to update the fair-value adjustment, record any reclassification adjustment, and record the sale. 2. Indicate any amounts that Ornamental Insulation would report in its 2018 income statement, 2018 statement of comprehensive income, and 12/31/2018 balance sheet as a result of these investments.