Questions
IF you were the CEO of an organisation facing the challenges and opportunities specified in question...

IF you were the CEO of an organisation facing the challenges and opportunities specified in question 1, what steps would you take to address the challenges and utilize the opportunities

In: Accounting

How does a Board of Directors align the interests of CEO/shareholders and other stakeholders given the...

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?

In: Operations Management

You have just received the following corporate change request from the Information Technology Division of Freektail...

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.”

CORPORATE CHANGE REQUEST

Project Title: the Semi-Conductor Inspection Device 4th Generation project (SCID4)

Change No.: 2011-F-0639

Submitted By: Mr. Keith Adkins

Date: November 14, 2017

Description of Requested Change:

Modify SOW as follows:

1100 Project Management

The project team shall initiate, plan, execute, monitor, control and close the SCID4 project. The project team shall perform on-going project management activities to include the conduct of regular team meetings and status briefings. The project team shall provide weekly project performance reports that address cost, schedule and technical performance. The weekly project performance reports shall be prepared electronically in a format that is compatible with the Freektail Artemis portfolio project performance dashboard.

Reason for Change Request:

Freektail Inc. has recently acquired and installed a project performance dashboard. The dashboard is managed using Artemis 2017 Enterprise. The CEO of Freektail is now requiring all projects, internal and external to support project reporting using Artemis 2017 Enterprise, so that all project sponsors and executives will have ready access to consistent and reliable project status information.

Approved By:

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?

In: Operations Management

The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company...

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.

In: Accounting

The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company...

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.

Mar. 31 Acquired 8% Distribution Transformers Corporation bonds costing $480,000 at face value.
Sep. 1 Acquired $1,140,000 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 $545,000.
Nov. 1 Purchased $1,800,000 of M&D Corporation 6% bonds 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 $ 1,098,000
M&D Corporation bonds $ 1,868,000

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

In: Accounting

The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company...

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.

In: Accounting

The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company...

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.

In: Accounting

The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company...

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 $530,000 at face value.
Sep. 1 Acquired $1,095,000 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 $568,000.
Nov. 1 Purchased $1,530,000 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 $ 1,032,000
M&D Corporation bonds $ 1,603,000

(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.

I need help with the journal entries

In: Accounting

The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company...

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 $500,000 at face value.

Sep. 1 Acquired $1,050,000 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 $535,000.

Nov. 1 Purchased $1,500,000 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 $ 990,000 M&D Corporation bonds $ 1,570,000 (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.

In: Accounting

The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company...

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 $400,000 at face value.
Sep. 1 Acquired $900,000 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 $425,000.
Nov. 1 Purchased $1,400,000 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 $ 850,000
M&D Corporation bonds $ 1,460,000

(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.

In: Accounting