In: Accounting
Liquidity risk is a major concern for some financial institutions. For this discussion, take the position of a bank CEO. What are the best options to implement to reduce the liquidity risk and to make sure the core deposits are not drained? Explain.
In: Finance
Read: The Real World 16.2 "Joie de Vivre CEO Uses Maslow's
Pyramid to Change Culture"
Utilizing this theory how could you apply the same to your current
position or future position
In: Operations Management
Assume that you are the chief Executive officer (CEO) of X organization and you wanted to involve consumers with the control of ethical behavior of business leaders? Explain how could you develop and implement a plan to acheive that?
In: Operations Management
Strategic Management and Org. Leadership :
You are the CEO of a medium-sized business dealing with the challenges of the Covid-19 Pandemic. Using SPECIFIC topics covered in this course. How would you address staff employment?
In: Operations Management
Donald Trump proposed steep tariffs on imports to the US. He described trade promotion authority and the Trans-Pacific Partnership as “bad, bad deal[s] for American businesses, for workers, for taxpayers.” Discuss how in a large capital abundant country (such as the US) levying a tariff on the labour-intensive imports affects:
(a) Domestic (US) real wages and domestic real return to capital.
(b) The US wellbeing (welfare) as a whole.
(c) The US job market.
In: Economics
. The following events apply to the first year of operations for Mestro Financial Services Company:
1. Acquired $28,000 cash by issuing common stock on January 1, 2018.
2. Purchased $1,000 of supplies on account.
3. Paid $12,000 cask in advance for a one-year lease on office space.
4. Earned $23,000 of consulting revenue on account.
5. Incurred $16,000 of general operating expenses on account.
6. Collected $20,000 cash from receivables.
7. Paid $13,000 cash on accounts payable.
8. Paid a $1,000 cash dividend to stockholders.
9. There was $200 of supplies on hand.
10. The one-year lease on the office space was effective beginning on October 1, 2018.
11. There was $1,200 of accrued salaries at the end of 2018.
Required:
A. Record the preceding events in general journal format.
B. Post the transaction data from the general journal into general ledger T-accounts.
C. Prepare an adjusted trial balance.
D. Prepare an income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows.
E. Prepare the appropriate closing entries in general journal format.
In: Accounting
Mr.A is the cheif Executive of a multinational company.Detail of
his emoluments are as follow:
RS
a)Basic salary 4004520
b)Bonus. 1980642
c)utility allownce. 400452
d)leave encashmnet. 538083
e)other allowance. 90000
f)house rent allownce. 1802040
Apart from the above he has received director fee amounting to
Rs5200
During the year he has sold shares that were acquired through
exercise of a "Stock Option" (being a shares of U.K company) two
years ago.The gain on sale amount to Rs,4206000.
He also owns a property which has been let out on rent.The details
of rent received and expenses incurred are as follow:
a) Rent Rs,10000 per month The property was lent out on rent for
the whole year.
b) He has paid poperty tax amounting to Rs.11500
c) During the year he has paid Rs,6000 for repairs and
maintenance.
During the year the tax withheld at source from salary income is
Rs,3600000
*Required*:You required to compute taxable income and tax liability
for the tax year.
In: Accounting
Expert Computers was started in 2018. The company experienced the following accounting events during its first year of operation: Started business when it acquired $40,000 cash from the issue of common stock. Purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. Paid off one-half of the accounts payable balance within the discount period. Sold merchandise on account for $28,000. Credit terms were 1/20, n/30. The merchandise had cost Expert Computers $16,000. Collected cash from the account receivable within the discount period. Paid $2,100 cash for operating expenses. Paid the balance due on accounts payable. The payment was not made within the discount period. Required Record the events in a horizontal statements model below. In the Cash Flows column, use the letters OA to designate operating activity, IA for investing activity, FA for financing activity, NC for net change in cash and NA to indicate accounts not affected by the event. The first event is recorded as an example. What is the amount of gross margin for the period? What is the net income for the period?
In: Accounting
Cantor Corporation acquired a manufacturing facility on four acres of land for a lump-sum price of $8,000,000. The building included used but functional equipment. According to independent appraisals, the fair values were $4,500,000, $3,000,000, and $2,500,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be:
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a. |
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b. |
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c. |
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d. |
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Axcel Software began a new development project in 2015. The project reached technological feasibility on June 30, 2016, and was available for release to customers at the beginning of 2017. Development costs incurred prior to June 30, 2016, were $3,200,000 and costs incurred from June 30 to the product release date were $1,400,000. The 2017 revenues from the sale of the new software were $4,000,000, and the company anticipates additional revenues of $6,000,000. The economic life of the software is estimated at four years. 2017 amortization of the software development costs would be:
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a. |
$0 |
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b. |
$350,000 |
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c. |
$1,840,000 |
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d. |
$560,000 |
In: Accounting