The following information is available to reconcile a company's book balance of cash with its bank statement’s cash balance as of June 30. The June 30 cash balance according to the accounting records is $8,542, and the bank statement cash balance for that date is $8,047.

a) The bank erroneously cleared a $95 check against the account in June that was not issued by the company. The check documentation included with the bank statement indicated that another company issued the check.

b) On June 30, the bank issued a credit memorandum for $5 interest earned on the company’s account.

c) When the June checks were compared with entries in the accounting records, it was found that Check No. 1727 had been correctly drawn for $540 to pay for advertising. However, it was erroneously entered in the accounting records as $450.

d) A credit memorandum indicated that the bank collected $900 cash on a note receivable for the company, deducted a $30 collection fee, and credited the balance to the company's Cash account. The company did not record this transaction before receiving the statement.

e) A debit memorandum of $895 was enclosed with the bank statement for an NSF check for $870 received from a customer. The bank assessed a $25 fee for processing it.

f) June 30 daily cash receipts of $1,315 were placed in the bank's night depository on that date but did not appear on the June 30 bank statement.

g) June 30 cash disbursements journal indicated that Check No. 1737 for $830 and Check No. 1740 for $280 were both written and entered in the accounting records but were not among the canceled checks.

h) A debit memorandum for $85 indicated the bank deducted the annual lock box fee for the company.

Instructions

a) Prepare the bank reconciliation for this company as of June 30.

b) Prepare the related journal entries

Describe Ford Motors Company including the products or services, annual sales, and market share. Who are the competitors and give a brief overview of each businesses in the market.

Name another company in the same industry as General Electric (GE) that provides benefits to multiple stakeholders, and briefly explain who those stakeholders are and how they benefit.

    Please answer all questions in question 1 and question 2.

    Your submission must include a bibliography.

    The word limit for question 1 and 2 combined is 1500 words.

Question 1

Angus is a 44-year-old high school teacher who wishes to invest his savings of $100,000 by building up a blue-chip share portfolio. Angus was a keen observer of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry in 2019 and has strong views about corporate ethics and the remuneration of directors. Angus wants to exercise his vote as a shareholder to ensure that company directors are not being overpaid. He is also keen to ensure there is proper corporate governance and the directors are managing the company efficiently and ethically. Angus is unsure whether he should buy shares in a public company or a proprietary company. He is also unclear about what class of share/s would best suit his particular investment interests. Angus seeks your professional advice. Required

Answer the following questions for Angus. Support your answer with relevant statute law and/or case law.

a) What is a share and what class, or classes of shares would be most suitable for Angus?

b) On what issues do shareholders have a right to vote and how many votes do they have?

c) How are shares purchased or acquired in a public/proprietary company?

d) Should Angus buy shares in a public company or a proprietary company? Why?

Question 2“

If a company is in financial difficulty, a secured creditor or the court may put the company into receivership.” REQUIRED

Answer the following questions in relation to receivership. Please support your analysis with relevant legislation and/or case law.

a) Who/what is a receiver? Who appoints a receiver and why?

b) What is the effect of the receiver’s appointment on

· the company;

· the directors;

· shareholders;

· secured creditors; and

· unsecured creditors?

show all work include any Stata work

You estimate the regression model on the next page in order to study the determinants of wealth. Specifically, data from 9,275 individuals on the following variables are gathered:

            netfai =   net financial wealth, in thousands of dollars, for individual i.

            inci =    income, in thousands of dollars, for individual i.

            agei =     age of individual i

            marriedi =   dummy equal to 1 if individual i is married

            malei =     dummy equal to 1 if individual i is male

           p401ki =   dummy equal to 1 if individual i participates in a 401k retirement plan

Interpret the coefficients of age and married. Are they significant? At what level? (Use the p-value)

How much will a 10% increase in average income change wage?

What econometric problems appear to exist and not exist? Be specific, backing up your answers with evidence from the regression and tests in the next page.

Based on the regression results, do males have greater wealth than females? If so, by how much?

USE THE FOLLOWING DATA

. regress nettfa inc age marr male p401k

      Source |       SS       df       MS              Number of obs =    9275

-------------+------------------------------           F( 5, 9269) = 411.56

       Model | 6893418.45     5 1378683.69           Prob > F      = 0.0000

    Residual |    31049971 9269 3349.87281           R-squared     = 0.1817

-------------+------------------------------           Adj R-squared = 0.1812

       Total | 37943389.5 9274   4091.3726           Root MSE      = 57.878

------------------------------------------------------------------------------

      nettfa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]

-------------+----------------------------------------------------------------

         inc |   .9565831   .0279059    34.28   0.000     .9018815   1.011285

         age |   1.044085   .0590782    17.67   0.000     .9282784    1.159891

        marr | -9.521908   1.433179    -6.64   0.000    -12.33125   -6.712562

        male |   .5348946   1.614591     0.33   0.740    -2.630058    3.699848

       p401k |   13.11685   1.396504     9.39   0.000     10.37939     15.8543

       _cons | -59.11724   2.746083   -21.53   0.000    -64.50017   -53.73431

------------------------------------------------------------------------------

correlate inc age marr male p401k

(obs=9275)

             |      inc      age     marr     male    p401k

-------------+---------------------------------------------

         inc |   1.0000

         age |   0.1056   1.0000

        marr |   0.3620   0.0590   1.0000

        male | -0.0699 -0.1203 -0.3640   1.0000

       p401k |   0.2708   0.0260   0.0856 -0.0249   1.0000

. estat ovtest

Ramsey RESET test using powers of the fitted values of nettfa

       Ho: model has no omitted variables

                F(3, 9266) =    246.86

                  Prob > F =      0.0000

. summarize nettfa inc age marr male p401k

    Variable |       Obs        Mean    Std. Dev.       Min        Max

-------------+--------------------------------------------------------

      nettfa |      9275    19.07168    63.96384   -502.302   1536.798

         inc |      9275    39.25464       24.09     10.008    199.041

         age |      9275    41.08022    10.29952         25         64

        marr |      9275    .6285714    .4832128          0          1

        male |      9275    .2044205    .4032993          0          1

-------------+--------------------------------------------------------

       p401k |      9275    .2762264    .4471543          0          1

Question 10

When evaluating two independent investments, the NPV approach is a reliable capital budgeting technique without any potential problems.

a. True

b. False

Question 13

Which of the following statements about portfolio is not true?

a. The expected return of a portfolio is the weighted average of the expected returns of all individual stocks in the portfolio.

b. Portfolio risk is the weighted average of the standard deviations of all individual stocks in the portfolio.

c. Portfolio beta is the weighted average of the beta values of all individual stocks in the portfolio.

Even in the absence of genetic recombination, meiosis is an important source of genetic variation in sexually reproducing organisms. Use as an example a species with 2n=8, and an individual of that species that is a quadruple heterozygote for loci A, B, C, and D, with each loci on a different chromosome. Determine how many different types of gametes this individual can produce, and explain how segregation and independent assortment mechanisms produce genetic variation in the gametes produced by this individual. Use the following terms in your response: genes; alleles; homologous chromosomes; non-homologous chromosomes.

An autosomal gene is segregating two alleles, R and r, with respective frequencies 0.3 and 0.7. If mating is random, what are the expected frequencies of the genotypes? Now suppose that every individual in the population mates with a sibling. What will the genotype frequencies be among the offspring? Suppose instead that every individual mates with a first cousin. What will the genotype frequencies be among their offspring? Finally, suppose that after many generations of random mating, every individual in the population reproduces by self- fertilization. What will the genotype frequencies be among the offspring of this kind of inbreeding?

Consider defined-benefit retirement plans and defined-contribution retirement plans and document the primary characteristics of each. Specifically, contrast the responsibilities of the employer in administering each plan.

Consider the following questions:

• Which plan is more risky for an employer? Which plan is more risky for an individual employee?
• Which provides the individual employee with more resources at the conclusion of employment?
• What are the personal income tax considerations for the individual employee once payments commence under each plan?

Note to document references in APA format.