On January 1 of the current year, Herkimer & Co. purchases, a group of 6 laptops for its new hires. The laptops are purchased for $2,200 each with a residual value of $400 each. Herkimer expects the laptops to be used for 3 years. At the end of the current year, Herkimer & Co. sells two laptops for $1,900 each.
Required:
| Prepare the journal entries to record the purchase of the laptops, the depreciation on the laptops, and the sale of the laptops in Year 1. |
In: Accounting
Use the following information to calculate the expected return and standard deviation of a portfolio that is 50 percent invested in 3 Doors, Inc., and 50 percent invested in Down Co.: (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)
| 3 Doors, Inc. | Down Co. | |||||
| Expected return, E(R) | 14 | % | 10 | % | ||
| Standard deviation, σ | 42 | 31 | ||||
| Correlation | 0.10 | |||||
In: Finance
FAST Co. continues to grow. The staff mix is becoming increasingly diverse. With increased diversity you have also noticed increased segregation of cultural groups within the company. This hasn't had an impact on quality of work yet but you are concerned that if it continued there may be an impact.
Outline a program to increase the overall tolerance and understanding of cultural diversity in FAST CO. (10 Points )ASAP PLEASE PLEASE this question from HR
In: Operations Management
Consider the following reaction:
CO(g)+2H2(g)⇌CH3OH(g)CO(g)+2H2(g)⇌CH3OH(g)
The reaction between COCO and H2H2 is carried out at a specific
temperature with initial concentrations of COCO = 0.32 M
M and H2H2 = 0.52 M M. At equilibrium, the concentration
of CH3OHCH3OH is 0.15 M M.
Find the equilibrium constant at this temperature.
Express your answer using two significant figures.
In: Chemistry
. On April 15, 2017, Melissa purchased $60,000 of Verbecke Co.'s 12%, 20-year bonds at face amount, with interest being paid on December 31 each year. Verbecke Co. has paid interest due on the bonds regularly. On April 15, 2021, market interest rates had risen to 14% and Melissa is considering selling the bonds.
Calculate the market value of Melissa’s bonds on April 14, 2021.
In: Accounting
ELL 1080
Questions on the article titled, “3 Big Reasons the Food Industry Needs Immigrants”
Date Due: Sunday, October 26
Introduction
Body Paragraph #1
Body Paragraph #2
Body Paragraph #3
Conclusion
Phil Lempert, contributor who covers issues and trends in the food, retail and agriculture sectors, wrote this article for Forbes magazine.
Lempert, Phil. “3 Big Reasons the Food Industry Needs Immigrants.” Forbes, Forbes Magazine, 28 Feb. 2017, www.forbes.com/sites/phillempert/2017/02/28/3-big-reasons-the-food-industry-needs-immigrants/. (correct way to cite this article on a works cited page of an essay)
Look at how I have highlighted important information in this article for you. The highlighted parts should help you answer the questions.
In response to the new administration’s moves to control entry to the USA and follow through with deportation plans as well as construction of a border wall, the February 16th nationwide strike “A Day Without Immigrants” inspired many businesses to close restaurants, not go to work, keep children home from school, to not buy gas, not go to restaurants or shop online or in stores. While it might take a few months to actually calculate the true impact of the actual impact this movement may have had on the country’s economy or on the perception of Americans when it comes to immigrants, as a food industry, there are profound considerations when it comes to immigrants supporting our food system. What does the author tell you in these opening sentences? Supporters of immigrants' rights march in downtown Washington during an immigration protest pay close attention to. There are three important reasons that the food industry needs to the administration's planned changes to immigration. What is the thesis statement for this article?
REASON #1: Agriculture - According to the U.S. Department of Labor, 57% of the country’s agricultural workforce is undocumented. And this workforce is employed mostly with low wages that help keep farms in business and domestic food prices down. What do you think about this? Labor shortages have been reported by farm owners as a major concern, and while this affects large farms, less availability for labor also becomes an issue for small, family-owned farms, school food programs, restaurants, manufacturers, and the communities and families where workers have for a long-time built their financial sustainability on these jobs. After reading this paragraph how important are immigrants to the food industry?
REASON #2: Street Food - In major cities with large immigrant populations, street food vending is a major way for these families to support themselves financially. What is street food vending? Do you know anyone who does street food vending? In Los Angeles, the mayor is attempting to fast-track changes to a law that makes street food sales legal - an important move to protect these immigrants that could face criminal charges making them more vulnerable to Trump’s deportation efforts. So why do we need street food as a food industry? Street food plays an important role in ethnic food trends, the ever-evolving palates of the US population, and the inspiration for food flavor innovations in CPG and in restaurants. According to PricewaterhouseCoopers, surveys indicate that 88% of households are consuming at least two ethnic foods per month with annual food sales at $6.5 billion for Hispanic foods and $2 billion for Asian foods. And it also deserves mentioning that Nielsen reported last year that Halal food sales reached $2 billion in the grocery and c-store channels. Based on this information, why do we need street food? How many American households eat street food? What are three of the most popular types of street food? Where did this information come from? Do you work in the food industry? Do you know anyone who does? What is your or their experience like?
REASON #3: Restaurants - BLS statistics show that an estimated 1.4 million of restaurant industry workers are foreign born, working as chefs, dishwashers, busboys, etc. To some, this may not seem significant enough for alarm as it adds up to about 10% of the restaurant industry’s workforce. However, a 2008 study from the Pew Hispanic Center suggests higher numbers citing that nearly 20% of restaurant cooks and 30% of dishwashers are undocumented immigrants. What are undocumented immigrants? Why do you think undocumented immigrants work in food industry? These are low paying and perhaps to most, unappealing jobs, but obviously still necessary to keep the restaurant industry in business.
While we face a highly volatile political climate, it is important that close attention be paid to our food system’s dependency on immigrants as well as the cultural knowledge and innovation they bring to support consumer desires. What is a volatile political climate? After reading this sentence, do you think immigrants contribute to the food industry? If so, what do they contribute? Beyond the appetite for ethnic foods and economic benefits, the food industry also finds itself in a time when consumers are paying close attention to corporate positioning when it comes to human welfare. Last month, a CBS poll showed that 61% of Americans feel that illegal immigrants should be allowed to stay and apply for citizenship, and 13% said they should be allowed to stay, but not allowed to apply for citizenship. Do you think illegal immigrants should be allowed to stay? Offer three reasons to support your answer. Time will tell how President Trump’s policies play out for our food system as well as our shoppers’ needs and concerns.
In: Accounting
ABC Limited (ABC) is a private company producing lunch packages. It mainly sells products to supermarkets and grocery stores. ABC has a loan from a local bank, which is secured by its accounts receivable and inventory. The loan is not to exceed 70% of accounts receivable and 40% of inventory as at the accounting year end (December 31, 2016). ABC uses perpetual inventory system. ABC must provide the bank with the reviewed financial statements within 60 days of its year end. It is now in early January 2017, you are a CPA from a local accounting firm and will conduct a review of the ABC’s financial statements. You received a memo from the ABC’s management including the following accounting issues:
1. Super Software Co. (SSC), an ABC’s neighbour, is a software development company with high growth in recent years. On August 15, 2016, SSC signed a contract with ABC that SSC’s employees can pick up a lunch package every working day for one year beginning on September 1, 2016 for a yearly fee of $120,000, with 50% payable upfront. The fee is non-refundable, non-cancellable, and not dependent on the number of lunch packages picked up. When the contract was signed, ABC credited revenue for $120,000 and debited both cash and accounts receivable for $60,000 each.
2. During November 2016, ABC paid $10,000 to purchase frozen chicken meat from Fresh Meat Butcher (FMB), a small meat supplier in financial difficulty. ABC has not begun to use the FMB’s frozen chicken meat in producing lunch packages so far. In December 2016, there was an allegation that FMB’s chicken meat could be polluted in the production process. The Canadian Food Inspection Agency is now investigating this allegation, and the outcome is uncertain.
3. In December 2016, ABC just began to sell frozen lunch packages. To promote this new product, ABC signed contracts with stores, which specify that the actual number of packages sold to stores depends on the number of packages bought by consumers before the expiry date of packages. ABC has delivered 10,000 frozen lunch packages to stores by the end of 2016, with a price of $3.50 per package. ABC’s suggested retail price of this lunch package is $6.00 per package.
4. In October 2016, ABC launched a loyalty program. According to the program, consumers can earn one point for buying an ordinary lunch package (excluding frozen lunch packages), and can redeem 20 points for an ordinary lunch package in stores. ABC first uses packages purchased by stores for the redemption and then deducts them from its sales. On December 31, 2016, stores reported that they had sold 50,000 ordinary lunch packages to consumers at $7 per package since the beginning of the loyalty program, and that consumers had redeemed 6,000 points. Ordinary lunch packages are sold to stores at $4.00 per package. The cost of ordinary lunch packages is $1.80 per package.
Required
You are asked to provide a report to the ABC’s management to analyze these accounting issues and their implications for the bank loan.
(Please do not give me an answer that already exists !!)
In: Accounting
ABC Limited (ABC) is a private company producing lunch packages. It mainly sells products to supermarkets and grocery stores. ABC has a loan from a local bank, which is secured by its accounts receivable and inventory. The loan is not to exceed 70% of accounts receivable and 40% of inventory as at the accounting year end (December 31, 2019). ABC uses perpetual inventory system. ABC must provide the bank with the reviewed financial statements within 60 days of its year end. It is now in early January 2020, you are a CPA from a local accounting firm and will conduct a review of the ABC’s financial statements. You received a memo from the ABC’s management including the following accounting issues:
1. Super Software Co. (SSC), an ABC’s neighbour, is a software development company
with high growth in recent years. On August 15, 2019, SSC signed a contract with ABC that SSC’s employees can pick up a lunch package every working day for one year
beginning on September 1, 2019 for a yearly fee of $120,000, with 50% payable upfront. The fee is non-refundable, non-cancellable, and not dependent on the number of lunch
packages picked up. When the contract was signed, ABC credited revenue for $120,000 and debited both cash and accounts receivable for $60,000 each.
2. During November 2019, ABC paid $10,000 to purchase frozen chicken meat from Fresh
Meat Butcher (FMB), a small meat supplier in financial difficulty. ABC has not begun to use the FMB’s frozen chicken meat in producing lunch packages so far. In December 2019, there was an allegation that FMB’s chicken meat could be polluted in the production process. The Canadian Food Inspection Agency is now investigating this allegation, and the outcome is uncertain.
3. In December 2019, ABC just began to sell frozen lunch packages. To promote this new
product, ABC signed contracts with stores, which specify that the actual number of packages sold to stores depends on the number of packages bought by consumers before the expiry date of packages. ABC has delivered 10,000 frozen lunch packages to stores by the end of 2019, with a price of $3.50 per package. The unit cost of frozen lunch packages is $1.50. ABC’s suggested retail price of this lunch package is $6.00 per package.
4. In October 2019, ABC launched a loyalty program. According to the program,
consumers can earn one point for buying an ordinary lunch package (excluding frozen lunch packages), and can redeem 20 points for an ordinary lunch package in stores. ABC first uses packages purchased by stores for the redemption and then deducts them from its sales. On December 31, 2019, stores reported that they had sold 50,000 ordinary lunch packages to consumers at $7 per package since the beginning of the loyalty program, and that consumers had redeemed 6,000 points. Ordinary lunch packages are sold to stores at $4.00 per package. The cost of ordinary lunch packages is $1.80 per package.
Required You are asked to provide a report to the ABC’s management to analyze these accounting issues.
In: Accounting
Choose any 2 countries from those listed at the World Bank
Compare the 2 countries' recent macroeconomic performance, focusing on the factors that have influenced aggregate demand and aggregate supply, including inflation, unemployment, and trade.
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z
In: Economics
In December of 1903, Wilbur and Orville Wright made history with their bi-plane contraption that managed to do the seemingly impossible: it gave man the ability to fly. The concept was so unearthly, in fact, that private aviation first took off not as a means of transportation, but as a sideshow of sorts. In those pioneer days, seeing a man use technology to overcome gravity was such a novelty that early aviators made their living mostly through exhibition flights.
Seven years after the Wright Brothers proved flight was possible, a car salesman by the name of Clyde Cessna found himself awestruck by one such exhibition in Oklahoma. He’d heard tales of men taking to the skies in these machines (and making thousands of dollars in the process), and now that he’d seen one in person he was certain: Clyde Cessna was going to build an airplane of his own.
The Cessna Aviation Company was an American general aviation aircraft manufacturing corporation headquartered in Wichita, Kansas. Cessna produced small, piston-powered aircraft, as well as business jets. For many years the company was one of the highest-volume producers of general aviation aircraft in the world. The company was founded in 1927.
The following information is available concerning a firm's capital:
Debt: 500,000 bonds with a face value of $1000 and an initial 20-year term were issued five years ago with a coupon rate of 8%. Today these bonds are selling for $846.30.
Preferred stock: 200,000 shares of preferred stock paying an annual dividend of $9.50 are outstanding. The shares currently trade at $79.16.
Common equity: Two hundred thousand shares of common stock are outstanding which are now selling for $22.50 per share. An annual dividend of $1.70 was just paid and is expected to grow indefinitely at 6%.
The combined federal and state tax rate is 40%.
Required:
Calculate the firm's WACC.
In: Accounting