On January 1st 2020 The Skywalker and Vadar Companies had the following balance sheets:

On January 2nd Skywalker acquired all of the outstanding stock of Vadar Company for 500,000 shares of common stock. On January 2nd Skywalker stock was selling for $2 per share.

On January 1st the fair market value of Vadar's land was $125,000; the fair market value of their inventory was $130,000; the fair market value of the equipment was $30,000; other assets and liabilities had a fair market value equal to book value

REQUIRED:

1. MAKE THE JOURNAL ENTRY SKYWALKER MAKES WHEN IT ACQUIRES THE VADAR STOCK
2. MAKE THE JOURNAL ENTRY VADAR MAKES WHEN ITS STOCK IS ACQUIRED BY SKYWALKER
3. PREPARE A CONSOLIDATED BALANCE SHEET ON JANUARY 2^ND
4. MAKE THE NECESSARY WORKSHEET ENTRIES NEEDED TO PREPARE THE CONSOLDIATED BALANCE SHEET.

Bottlenecks and the founder effect are two different types of genetic drift. How do they differ? Provide an example of each

On January 2, 2020, Crane Company began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows:

Crane Company borrowed $3240000 on a construction loan at 12% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $12480000 in 9% bonds outstanding in 2020 and 2021.

The interest capitalized for 2021 was:

$355107

$84676

$291600

$376276

1 Explain gene flow?  Does gene flow lead to adaptive evolution?

2 Explain genetic drift / how does gene pool affect in small populations and preservation of rare species ?  

3 In what way can founder effect lead to genetic drift in a population?

4 Explain founder effect how gene pool change ?

5 Explain directional, disruptive and stabilizing of natural selection

6 What is a balanced polymorphism? and explain the heterozygote advantage in terms of sickle cell anemia.

1. Cash point Ltd prepares quarterly budget as part of the budgetary control system. During the last quarter ending 31^st March 2020 the following information is accumulated concerning operations for the next quarter ending 30^th June 2020.

1. Sales which are all on credit will amount to Kshs 400,000 in April 2020 the same level as in February and March 2020, increasing at 10% per month for the next six months and thereafter at 5%
2. Sales credit terms are strictly 30 days after-sales. Past experience shows that this policy is effective in 75% of cases. Of the remainder, 20% will pay in subsequent month and 5% never pay up until after 180 days.
3. Inventories are maintained at equivalent of 15 days sales. On 31^st March 2020 the inventory level is estimated at Kshs125,000.
4. Goods are bought and paid for within 30 days. During March 2020, merchandise purchases amounted to Kshs 250,000
5. The unit selling price is Kshs 100 with a profit margin of 40% on sales.
6. The cash balance on 31^st March 2020 is Kshs 87,800.
7. Projected payment for expenses and other items are as follows

8. Other payments are to be made as follows:

• Half yearly rent at the rate of Kshs 8,000 per month will be paid in April and the next instalment in October 2020.
• Income tax amounting to Kshs 20,000 will be paid in June 2020 being installment tax for 2020.
• Some computer equipment will be acquired in April 2020 but paid for in May 2020 at a price of Ksh 90,000

Required

A cash budget for the three months April, May, and June 2020

Imagine that you have recently finished your MBA and have a company that has entered the arena of Project Management. During your interview, you are told that project management is not something that the company has always done. In fact, the company began as a retail software design company. As the company grew from small to medium-sized, it became apparent that they needed to employ Project Managers to help their clients rollout the use of their software and not leave the PM to the client. As their newest hire, you have been asked to create a proposal for the management team to consider the installation of a bonafide Project Management Department. Your duty is to prepare a concise (about 2-pages) proposal addressing the value of robust project management approach will bring to the company. Be as concise as possible and ensure that at least three key benefits are clearly emphasized.

W is an American multinational computer technology company based in Tampa, Florida, United States, that develops, sells, repairs, and supports computers and related products and services. Named after its founder, Michael Wahoo, the company is one of the largest technological corporations in the world, employing more than 103,300 people in the U.S. and around the world.

Wahoo sells personal computers (PCs), servers, data storage devices, network switches, software, computer peripherals, HDTVs, cameras, printers, MP3 players, and electronics built by other manufacturers. The company is well known for its innovations in supply chain managementandelectroniccommerce,particularlyitsdirect-salesmodelandits"build-to-order" or "configure to order" approach to manufacturing—delivering individual PCs configured to customer specifications. Wahoo was a pure hardware vendor for much of its existence, but with the acquisition in 2009 of Mackerel Systems, Wahoo entered the market for IT services. The company has since made additional acquisitions in storage and networking systems, with the aim of expanding their portfolio from offering computers only to delivering complete solutions for enterprisecustomers.

Wahoo was listed at number 51 in the Fortune 500 list, until 2014. After going private in 2013, the newly confidential nature of its financial information prevents the company from being rankedbyFortune.In2015,itwasthethirdlargestPCvendorintheworldafterLenovoandHP. Wahoo is currently the #1 shipper of PC monitors in theworld.

In 2018, Wahoo acquired the enterprise technology firm Marlin Corporation; following the completion of the purchase, Wahoo and Marlin became divisions of Wahoo Technologies.

It is January, 2019, and you have been recently hired by Wahoo as a consultant to evaluate their digital marketing strategy. During your initial meeting January 5th, you wrote down 10 major observations that you wanted to look into deeper. For each observation, please indicate which direction you will take and why, paying close attention to items you learned while listening to a guest speaker in your Digital Marketing class. Your notes are listed below, followed by italicized questions to be answered (by you). You will not receive credit if you do not explain why.

1. WahooCEOisinterestedinstudyingtheimpactthathurricaneshaveontheironlineweb traffic. The CEO recommended running an A/B test on traffic levels during a hurricane in the next month to determine whether or not they need to make a custom online interface to improve traffic during hurricane season. Do you recommend following the CEO’s recommendation? Please explain why or whynot.
2. TheDirectorofMarketinggaveyouastudyrunfor24hoursonBlackFridaywitha sample size of 10,000 unique visitors to the website. Based on this study,he

recommends changing the homepage to focus on products that are on sale as opposed to focusing on the new innovative products Wahoo sells. Do you agree with his conclusion? Please explain why or why not.

3. Wahoo Inc. is currently running an ad campaign on social media to introduce a new product using a last interaction attribution model. The Wahoo Inc. social media intern recommendsswitchingtouseafirstinteractionattributionmodel.Doyourecommend following the Intern’s recommendation? Please explain why or whynot.
4. Thein-housestatisticianmentionedthatwhenitissunnyoutside,onlinesalesdecrease. He recommends running an advertisement on a movie streaming service (such as Hulu) during sunny weather to increase traffic to the website during these low traffic times. Do you recommend following the statistician’s recommendation? Please explain why or why not.
5. The Wahoo Inc. CMO has agreed to increase the advertising budget by 10% the following quarter. Currently, their advertising budget is $1,200,000. She is looking for your guidance as to which advertising campaign to focus on. Based on the data chart below,whichadvertisingplatformwouldyourecommend?Pleaseexplainwhyorwhy not.

Hint: You will need to calculate: Conversions Lost, Revenue Lost, Estimated Cost, and Return on Ad Spend.

Is their estimated increase in advertising budget at an optimal level (i.e. should it be increased or decreased)? Please explain why or why not.

Consider a U.S.-based company that exports goods to Germany. The U.S. company expects to receive a payment of €1,000,000 for the exports in one year. The U.S. company wants to hedge against a possible decline in the value of the euro that would lead to a drop in the dollar value of the euro receipt in one year. The current spot exchange rate is $1.20/€ and the one-year forward rate is $1.25/€. The annual interest rate is 5% in the U.S. and 3% in Germany.

a. How to do the hedge using a forward contract? Compute the guaranteed dollar proceeds in one year using the forward hedge.

b. How to do the hedge using money market instruments? Compute the guaranteed dollar proceeds in one year using money market hedge.

c. If the U.S. company decides to hedge using put option on euros, what would be the gross and net dollar proceeds in one year? Assume that the $-€ spot exchange rate is $1.18/€ in one year. Also suppose that the one-year put option has an exercise price of $1.26/€ and a premium of $0.05/€.

E6-17 (LO 5)  Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs.

Siren Company sells the fishing lures for $25. During 2020, the company sold 80,000 lures and produced 90,000 lures.

Instructions:

a.   Assuming the company uses variable costing, calculate Siren's manufacturing cost per unit for 2020.

b. Prepare a variable costing income statement for 2020.

c. Assuming the company uses absorption costing, calculate Siren's manufacturing cost per unit for 2020.

d. Prepare an absorption costing income statement for 2020.

Sheridan Company and Concord Company both manufacture school science equipment. The following financial information is for three years ended December 31 (in thousands):

(a)

Calculate the asset turnover and return on assets ratios for both companies for 2020 and 2021. (Round answers to 2 decimal places, e.g. 52.75.)