Facts: A South African public company constructed a warehouse during 20X1. Costs involved in building the warehouse (or incurred after construction) included, among others: Payment of wages and benefits to construction workers, who were already employed by the company ($3 million). Exterior paint for the building ($80,000). A test production run, in which the plant tested its ability to produce its products ($100,000). Payment of wages to construction workers for service issues arising after the plant was placed in service ($200,000). In 20X2, an appraisal by the company's local tax assessor indicated that the building's value had increased by $5 million. Required: Determine whether the company is subject to the requirements of IFRS (based on the home country). Cite your source for this determination. Locate the relevant guidance, then determine which of the above-listed costs may be included in the initial measurement (i.e., capitalized value) of the plant when the plant is first recognized in 20X1, citing your sources. Certain costs may be addressed directly by the guidance; others may require judgment in applying principles from the guidance. Determine whether the property's value should be adjusted in year 2 (20X2). Using an IFRS/ U.S. GAAP comparison guide, state how your response to question 3 would differ if this company had been subject to U.S. GAAP. Cite the source for your response.

Write a 2000 word report about the reward issues at Ritzy Cinema in south London. Ritzy Cinema is owned by Picturehouse. Use appropriate theoretical models to critically evaluate the reward problems experienced, particularly reward implementation issues. Address the situation from the point of view of the: 1. Picturehouse, the owners of Ritzy Cinema 2. Ritzy Cinema employees 3. Trade union Provide appropriate recommendations for how the situation might be resolved to the mutual benefit of all parties, which could prevent unrest happening in the future. Your recommendations should be logical, viable and scheduled. Also offer some costings.

8. Recessions in China, South Korea, Thailand, and Japan would cause

A) the U.S. price level and real GDP to fall.

B) the U.S. price level and real GDP to rise.

C) the U.S. price level to rise and real GDP to fall.

D) the U.S. price level to fall and real GDP to rise.

9. Which of the following is an example of a negative demand shock?

A) an increase in the money supply.

B) a stock market boom held by household.

C) the European debt crisis.

D) an increase in nominal wages.

13. Which of the following statements is true?

A) A demand shock is a sudden event that increases demand for goods or services temporarily.

B) A recessionary gap associated with a business-cycle contraction. A recessionary gap may also be identified as a contractionary gap.
C) An inflationary gap occurs when potential output exceeds actual output.

D) The European debt crisis is an example of a negative supply shock.

14. Stagflation may result from:

A) an increase in the supply of money or an increase in government spending.

B) a decrease in income taxes or a decrease in foreign income.

C) a stock market crash held by households or an increase in prices of houses.

D) an increase in nominal wages or a decrease in labor productivity.

An environmentally progressive small manufacturer in South Dakota has observed that her gas bill in February (the coldest month of the year) is usually about $900 (for space heating only). She uses a large natural gas space heater whose efficiency is known to be about 89%. She is considering upgrading to a furnace that uses a water source heat-pump with a coefficient of performance of 4.2. The heat-pump operates on 240 VAC electricity. Furthermore, she plans to install a wind turbine to generate enough electricity to power the new heat pump. The turbine will be connected to lead-acid batteries, each 12 VDC, but connected in strings of 5 batteries in series. In planning the wind turbine system, to choose an appropriate turbine and tower height, she needs to estimate the daily DC load that the wind turbine system would need to supply to the inverter on the ground. The inverter’s efficiency (in converting 60 VDC to 240 VAC) is 91%. Estimate the daily DC load (in Wh per day) as input to the inverter to power the heat-pump (for an average day in February). Put a box around this final estimate. By the way, her natural gas costs $6.25/mcf and the energy content of the gas is about 1030 btu/ft³. The electricity she is currently using costs $0.095/kWh.

1. Application of the “4/5 rule”

Porpoise Swimwear, Inc. is a clothing manufacturing company located in South Florida. They produce children’s recreation wear such as swimsuits, shorts, cover-ups, and t-shirts. Their clothing is sold throughout the U.S. through department stores such as Bloomingdale’s, Macy’s, and Nordstrom’s. They currently employ about 475 employees. Of these, 320 are women and 155 are men. However, of the 100 employees at the management level, 85 are men and 15 are women.

This year a strategic decision was made to expand internationally. Therefore, the workforce is being expanded at the production and the supervisory level. They hired 15 supervisors according to the following breakdown:

Five of the women, that did not receive the supervisor positions, filed a class action suit against Porpoise Swimwear, Inc. with the EEOC.

Your Assignment

You work for the EEOC. Your supervisor told you to use the “4/5 rule” to determine whether the women have a prima facia case before we proceed any further.

a.      Perform the math to determine whether there is a prima facia case. You must show your work in order to receive credit.

b.     From your calculations does it look like the women have a case and can proceed to court? Explain why, or why not.

c.     At this point, who does the burden of proof shift to? Support your answer with the legal information that you learned in class.

The following items were selected from among the transactions completed by Sherwood Co. during the current year:

CHART OF ACCOUNTSSherwood Co.General Ledger

. Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year. Scroll down to access page 12 of the journal.

PAGE 11

JOURNAL

ACCOUNTING EQUATION

PAGE 12

JOURNAL

ACCOUNTING EQUATION

In a poll, each of a certain number of American adults was asked the question "If you had to choose, which ONE of the following sports would you say is your favorite?" Of the survey participants, 31% chose pro football as their favorite sport. The report also included the statement "Adults with household incomes of

$75,000 – < $100,000 (48%)

are especially likely to name pro football as their favorite sport, while love of this particular game is especially low among those in $100,000+ households (22%)."

Suppose that the percentages from this poll are representative of American adults in general. Consider the following events.

(a)

Use the given information to estimate the following probabilities.

(i)

P(F)

(ii)

P(F|L)

(iii)

P(F|H)

(b)

Are the events F and L mutually exclusive? Justify your answer.

Yes, F and L are mutually exclusive because one can name pro football as a favorite sport and have a household income of $75,000 – < $100,000.Yes, F and L are mutually exclusive because one cannot name pro football as a favorite sport and have a household income of $75,000 – < $100,000.    No, F and L are not mutually exclusive because one can name pro football as a favorite sport and have a household income of $75,000 – < $100,000.No, F and L are not mutually exclusive because one cannot name pro football as a favorite sport and have a household income of $75,000 – < $100,000.

(c)

Are the events H and L mutually exclusive? Justify your answer.

Yes, H and L are mutually exclusive because a household income cannot be both $75,000 – < $100,000 and $100,000+.Yes, H and L are mutually exclusive because a household income can be both $75,000 – < $100,000 and $100,000+.    No, H and L are not mutually exclusive because a household income cannot be both $75,000 – < $100,000 and $100,000+.No, H and L are not mutually exclusive because a household income can be both $75,000 – < $100,000 and $100,000+.

(d)

Are the events F and H independent? Justify your answer.

Yes, F and H are independent because P(F) ≠ P(F|H).Yes, F and H are independent because P(F) = P(F|H).    No, F and H are not independent because P(F) ≠ P(F|H).No, F and H are not independent because P(F) = P(F|H).

Knight Co. owned 80% of the common stock of Stoop Co. Stoop had 50,000 shares of $5 par value common stock and 2,000 shares of preferred stock outstanding. Each preferred share received an annual per share dividend of $2 and is convertible into four shares of common stock. Knight did not own any of Stoop's preferred stock. Stoop also had 600 bonds outstanding, each of which is convertible into ten shares of common stock. Stoop's annual after-tax interest expense for the bonds was $2,000. Knight did not own any of Stoop's bonds. There are no excess amortizations or intra-entity transactions associated with this consolidation. Stoop reported net income of $300,000 for 2018. Knight has 100,000 shares of common stock outstanding and reported net income of $400,000 for 2018.

What would Knight Co. report as consolidated basic earnings per share (rounded)?

Multiple Choice

• $6.37

• $6.40

• $7.00

• $5.68