Case - Instashop
When John Tsioris moved to Dubai in 2013 with a well-paid job working for a lighting subsidiary of the Dutch consumer electronics group Philips, he did not feel entirely satisfied by his career move.
"I had a very strong desire to create something of my own and make the calls and give myself the chance to actually prove if something meaningful could be created on my own," says Mr Tsioris, the co-founder and chief executive of Instashop.
Two years later, at the age of 28, he quit his job as a marketing intelligence manager and started Instashop, an on-demand online grocery delivery company. The app-based service allows customers to order groceries for delivery on-demand from a wide selection of supermarkets and local neighbourhood retailers. Users can choose for their shopping to be delivered in scheduled time slots or within 60 minutes from some vendors.
"On the one hand it [was about] avoiding the limitations that naturally exist in large corporations and on the other [it was about] the strong desire to create something of my own," says Mr Tsioris, from Greece.
Today, Instashop has expanded to five countries, with more than 350,000 users and one of the highest retention rates for a mobile app.
In less than four years, InstaShop has expanded from the UAE to Qatar, Egypt, Lebanon and Bahrain. From 2016 to 2018, the app was nominated one of the region’s most promising start-ups to watch by Forbes Middle East. With a fast-growing monthly active user base of more than 350,000 people and over 150 employees, InstaShop aims to fulfil customer orders in under an hour. The platform lists several well-established supermarket names, including Union Co-op, Choithrams, Al Maya, Zoom, Aswaaq and Bluemart.
Reading resource
In: Operations Management
Some investors believe the VIX follows a mean-reversion process. Do you agree? Why? (Please proof your answer based on VIX returns from Jan. 02, 2000 to Apr. 25, 2020)
In: Accounting
Why are Americans consuming more of their energy from sugar than might be healthy? What recommendations do the Dietary Guidelines for Americans, 2015-2020 make in regards to sugar consumption? How can these recommendations be implemented?
In: Nursing
Which of the following scenarios would it be appropriate to use a normal approximation for the sampling distribution of the sample proportion?
Select one:
A researcher wishes to find the probability that more than 60% of a sample of undergraduate students from UNC will be female. She samples the first 42 students that walk into the gym on Monday morning. The population proportion of undergraduate females at UNC is known to be 60.1%.
A researcher wishes to find the probability that less than 5% of a sample of undergraduate students from Appalachian State University will be between the ages of 25 and 34. He randomly samples 50 undergraduate students from the student database. The proportion of undergraduates between the ages of 25 and 34 is 5.3%.
A grad student at NC state wants to know how likely it is that a group of students would be made up of more than 27% graduate students. She will randomly select 38 students and ask them if they are a graduate student or an undergraduate student. The population proportion of grad students at NC state is 26.6%.
A full-time student at Fayetteville State University wants to know how likely it is that a group of students would be made up of less than 70% full-time students. She will ask 30 people that she sees parking in the parking deck if they are full-time or part-time. The population of full-time students at Fayetteville State is known to be 72%.
In: Statistics and Probability
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Based on your understanding of the SARS case study, answer the following questions: In your opinion, what could be the possible reasons of a sudden outbreak of new disease? What are the ways of addressing a new and virulent contagious disease? Discuss in detail about the countries, which have faced epidemics in the past. What would have been the possible reasons for such outbreaks? Use the following resources as well as other outside resources for this assignment. Cheng, F. W. T., Ng, P. C., Chiu, W. K., Chu, W. C. W., Li, A. M., Lo, K. L., . . . Fok, T. F. (2005). A case-control study of SARS versus community acquired pneumonia. Archives of Disease in Childhood, 90(7), 747-749. doi:10.1136/adc.2004.063446 McLean, A., & Royal Society (Great Britain). (2005;2006;). SARS: A case study in emerging infections. Oxford;New York;: Oxford University Press. doi:10.1093/acprof:oso/9780198568193.001.0001 Support your responses with examples in a 2-4 page APA formatted Word Document. Include an introduction and conclusion. Cite any sources in APA format. Submission Details: Name your document SU_HCM4025_W1_A3_LastName_FirstInitial.doc Submit your document to the Submissions Area by the due date assigned. |
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| Due Date | |
| Sep 5, 2018 11:59 AM | |
In: Nursing
On January 1, 2018, Co. P acquired 90% of Co. S for $550,000, plus $15,000 in acquisition costs. On the date of acquisition, Co. S had the following balance sheet:
| Assets | Liabilities & Equity | ||
| Accounts Receivable | 150,000 |
Current Liabilities |
260,000 |
| Inventory | 180,000 | Bonds Payable | 250,000 |
| Land | 200,000 | Common Stock, $1 Par | 400,000 |
| Buildings | 550,000 | PIC In Excess of Par | 70,000 |
| Acc. Deprecition (Bldg) | (100,000) | Retained Earnings | 300,000 |
| Equipment | 400,000 | ||
| Acc. Depreciation (Equip) | (120,000) | ||
| Goodwill | 20,000 | ||
| Total Assets | 1,280,000 | Total Liab. & Equity | 1,280,000 |
An appraisal indicates that the following items have fair values that differed from their book values:
| Accounts Receivable | 140,000 |
| Inventory | 200,000 |
| Land | 200,000 |
| Buildings | 400,000 |
| Equipment | 100,000 |
| Patent | 300,000 |
| Bonds Payable | 220,000 |
Immediately after the purchase, Co. P had the following balance sheet:
| Assets | Liabilities & Equity | ||
| Cash | 50,000 | Current Liabilites | 200,000 |
| Accounts Receivable | 70,000 | Bonds Payable | 300,000 |
| Inventory | 130,000 | Common Stock | 150,000 |
| Investment in Co. S | 550,000 | PIC Excess of Par | 200,000 |
| Land | 350,000 | Retained Earnings | 800,000 |
| Buildings | 300,000 | ||
| Acc. Depreciation (Bldg) | (50,000) | ||
| Equipment | 190,000 | ||
| Acc. Depreciation | (40,000) | ||
| Goodwill | 100,000 | ||
| Total Assets | 1,650,000 | Total Liab. & Equity | 1,650,000 |
(1) Record the investment in Co. S.
(2) Prepare a value analysis schedule for the Investment in Co. S.
(3) Prepare a determination and distribution schedule for the investment in Co. S.
(4) Prepare all required elimination ertries for the January 1, 2018 consolidated worksheet in general journal form.
*Below is what I have for parts 1-3 so far, but I'm struggling with part 4 (something in 3 may be incorrect).
(1) Investment in State 550,000
Acquisition Expense 15,000
Cash 565,000
(2)
|
Value Analysis Schedule |
Company Implied Value |
Parent Price (90%) |
NCI Value (10%) |
|
Company Fair Value |
611,111 |
550,000 |
61,111 |
|
Fair Value of Net Assets (exclude G/W) |
860,000 |
774,000 |
86,000 |
|
Gain on Acquisition |
(248,889) |
(22,400) |
(24,889) |
(3)
|
D&D Schedule |
Company Implied Value |
Parent Price (90%) |
NCI Value (10%) |
|
Fair Value of Subsidiary |
611,111 |
550,000 |
61,111 |
|
Less BV of Interest Acquired: |
|||
|
Common Stock |
400,000 |
||
|
Paid-In Capital |
70,000 |
||
|
Retained Earnings |
300,000 |
||
|
Total SH’s Equity |
770,000 |
770,000 |
770,000 |
|
Interest Acquired |
90% |
10% |
|
|
Book Value |
693,000 |
77,000 |
|
|
Excess FV over BV |
(158,889) |
(143,000) |
(15,889) |
|
Adjustments to Identifiable Accounts: |
|||
|
Accounts Receivable |
(10,000) |
Credit |
|
|
Inventory |
20,000 |
Debit |
|
|
Buildings |
(50,000) |
Credit |
|
|
Equipment |
(180,000) |
Credit |
|
|
Patent |
300,000 |
Debit |
|
|
Goodwill |
(20,000) |
Credit |
|
|
Gain on Acquisition |
(248,889) |
Credit |
|
|
Decrease on Bonds |
30,000 |
Debit |
|
|
Total |
(158,889) |
In: Accounting
Question 5.4 (Total: 14 marks; 2 marks per line)
Frigid Temperatures Inc. has sold 1,000 refrigerators during 2020 at a total price of $ 1,620,000, with a warranty guarantee that the product was free from any defects. The cost of the refrigeratetors sold was $1,080,000. The warranty covers one year, with an estimated cost of $ 10,000. In addition, Frigid Temperatures Inc. sold extended warranties on 600 refrigerators for four years beyond the one-year period for $ 210,000.
Required
1. Prepare the journal entries to record the sale and related warranties for 2020.
In: Accounting
Kyle, a single taxpayer, worked as a freelance software engineer
for the first three months of 2020. During that time, he earned
$54,000 of self-employment income. On April 1, 2020, Kyle took a
job as a full-time software engineer with one of his former
clients, Hoogle Inc. From April through the end of the year, Kyle
earned $200,000 in salary.
What amount of FICA taxes (self-employment and employment related)
does Kyle owe for the year? (Round your intermediate
calculations to the nearest whole dollar amount.)
In: Accounting
In: Economics
Problem 2:
The information shown below is taken from the accounts of Waverly Corporation for the year ended December 31, 2020.
|
Net income |
$314,000 |
|
Amortization of patent |
12,000 |
|
Proceeds from issuance of common stock |
103,000 |
|
Decrease in inventory |
27,000 |
|
Sale of building at a $15,000 gain |
85,000 |
|
Decrease in accounts payable |
15,000 |
|
Purchase of equipment |
185,000 |
|
Payment of cash dividends |
24,000 |
|
Depreciation expense |
55,000 |
|
Decrease in accounts receivable |
23,000 |
|
Payment of mortgage |
75,000 |
|
Increase in short-term notes payable |
8,000 |
|
Sale of land at a $5,000 loss |
40,000 |
|
Purchase of delivery van |
33,000 |
|
Cash at beginning of year |
205,000 |
Instructions
Prepare a statement of cash flows for Robinson Corporation for the year ended December 31,
2020.
In: Accounting