Taxable income and pretax financial income would be identical for Bridgeport Co. except for its treatments of gross profit on installment sales and estimated costs of warranties. The following income computations have been prepared.

The tax rates in effect are 2019, 40%; 2020 and 2021, 45%. All tax rates were enacted into law on January 1, 2019. No deferred income taxes existed at the beginning of 2019. Taxable income is expected in all future years.

Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2019, 2020, and 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Antioch Company makes eBook readers. The company had the following amounts at the beginning of 2018: Cash, $662,000; Raw Materials Inventory, $61,000; Work in Process Inventory, $27,000; Finished Goods Inventory, $61,000; Common Stock, $584,000; and Retained Earnings, $227,000. Antioch experienced the following accounting events during 2018. Other than the adjusting entries for depreciation, assume that all transactions are cash transactions.

1. Paid $31,000 of research and development costs.

2. Paid $57,000 for raw materials that will be used to make eBook readers.

3. Placed $83,000 of the raw materials cost into the process of manufacturing eBook readers.

4. Paid $65,000 for salaries of selling and administrative employees.

5. Paid $99,000 for wages of production workers.

6. Paid $97,000 to purchase equipment used in selling and administrative offices.

7. Recognized depreciation on the office equipment. The equipment was acquired on January 1, 2018. It has a $17,000 salvage value and a eight-year life. The amount of depreciation is computed as [(Cost – salvage) ÷ useful life]. Specifically, ($97,000 – $17,000) ÷ 8 = $10,000.

8. Paid $106,000 to purchase manufacturing equipment.

9. Recognized depreciation on the manufacturing equipment. The equipment was acquired on January 1, 2018. It has a $22,000 salvage value and a seven-year life. The amount of depreciation is computed as [(Cost – salvage) ÷ useful life]. Specifically, ($106,000 – $22,000) ÷ 7 = $12,000.

10. Paid $45,000 for rent and utility costs on the manufacturing facility.

11. Paid $72,000 for inventory holding expenses for completed eBook readers (rental of warehouse space, salaries of warehouse personnel, and other general storage cost).

12. Completed and transferred eBook readers that had total cost of $249,000 from work in process inventory to finished goods.

13. Sold 850 eBook readers for $430,000.

14. It cost Antioch $161,500 to make the eBook readers sold in Event 13.

Prepare a balance sheet for the year.

Included in the December 31, 2015, Jacobi Company balance sheet was the following shareholders’ equity section:

Jacobi Company Balance Sheet (Shareholders' Equity) December 31, 2015

1 Contributed Capital:

2 Preferred stock, 6%, $100 par $200,000.00

3 Additional paid-in capital on preferred stock 12,000.00 $212,000.00

4 Common stock, $5 par $150,000.00

5 Additional paid-in capital on common stock 240,000.00 390,000.00

6 Total contributed capital $602,000.00

7 Retained earnings 627,000.00

8 Accumulated other comprehensive income (loss):

9 Unrealized decrease in value of available-for-sale securities (41,000.00)

10 Total contributed capital, retained earnings, and accumulated other comprehensive income $1,188,000.00

11 Less: Treasury stock (1,000 shares of common stock at cost, acquired on 2/3/2015) (20,000.00)

12 Total Shareholders’ Equity $1,168,000.00

The company engaged in the following stock transactions during 2016:

Jan. 4 Paid the semiannual dividend on the outstanding preferred stock and a $1.60 per share annual dividend on the outstanding common stock. These dividends had been declared on December 1, 2015.

5 Issued 500 shares of preferred stock at $110 per share.

22 Issued 4,000 shares of common stock at $23 per share.

Apr. 2 Reissued 700 shares of treasury stock at $24 per share.

May 14 Declared a 10% stock dividend on the outstanding common stock, payable on June 29. The common stock is currently selling for $25 per share.

Jun. 4 Declared the semiannual cash dividend on the outstanding preferred stock, payable on July 5.

29 Issued the stock dividend declared on May 14.

Jul. 5 Paid the cash dividend declared on June 4.

20 Split the common stock 2-for-1 and reduced the par value to $2.50 per share.

Aug. 3 Declared a property dividend, payable to common shareholders on September 14. The dividend consists of an available-for-sale investment in 50 Drot Company bonds. The bonds had been acquired for $45,000, but have a carrying value of $30,000. The bonds are currently selling for $20,000.

Sep. 14 Paid the property dividend declared on August 3.

Dec. 3 Declared the semiannual cash dividend on the outstanding preferred stock and a $0.90 per share annual dividend on the outstanding common stock.

Required:

1. Prepare journal entries to record the preceding transactions.

2. Prepare the December 31, 2016, shareholders’ equity section (assume that 2016 net income was $270,000).

Tesla, Inc. is an American automotive company that specializes in electric car manufacturing. The company and Elon Musk, it’s current CEO, has been an innovator in the United States automobile industry. Tesla has used technology as one of it’s driving factors. They provide online software updates and have open source technology, to an extent. Tesla’s production efficiency and sales have increased the last few years. During 2018 & 2019, they were able to achieve some quarters profitability.

Despite of these improvements, the company has had to deal with a number of challenges. Among them:

-   Elon Musk is a dynamic leader; however, he is also unpredictable. For example, in 2018 Musk reported that the company may be going private. The statements were deemed to be misleading for a publicly traded company. Musk and the company were fined a total of $40 million dollars and Musk was not allowed to serve as Director of the Tesla Board for at least three years.
-   Although production has improved, it is still has not met expectations. The company has had many issues which include, assembly line issues, battery integration, and delivery logistics. During this time, Musk has made statements regarding production which has over promised to the market.
-   Tesla had achieved quarterly profitability for some quarters during 2018 and 2019. They had losses for years. Obviously, this is a problem but not unusual for a manufacturing company that takes a number of years to develop a market. The issue is that with accumulating debt, the unpredictability of production and costs have caused major concerns in the investor market place.

Operating a company the size of Tesla is a major task. It takes many teams, with numbers of functions. Address the following questions as advice for the Tesla Board of Directors

1.   The leader of the company, Elon Musk, has created issues on his own for the company. What structure could be put in place to minimize negative impacts?
2.   Chapter 4 of the Group Dynamics for Teams text addresses group cohesion and team roles. What concepts could be utilized to improve the Board’s results?
3.   Tesla was founded in 2003. What factors would you consider to be critical when forming the initial board?

An article in the U.S. News & Works Report (September 28, 1981) states that approximately 21.3 million workers, more than a fifth of the workforce in the United States, have unorthodox working hours. More than 9.3 million work on a flexible schedule (the worker plans his own schedule) or on a weekly "compressed" schedule. A company planning to install flexible hours estimated that an average of 7 hours a day per assembly worker was needed to operate efficiently. Each of the company's 80 assemblers was asked to submit a tentative flexible schedule. If the average number of hours per day for Monday was 6.7 hours, and the standard deviation 2.7 hours. Using a 95% confidence interval, do the data provide evidence that the average number of hours worked every Monday, for all fitters in the company, will be less than 7 hours?

Por medio de una prueba de hipótesis, contestar usando un nivel de significancia del 5%

You are a management consultant, and you have been engaged by A & J bank. The bank currently has over 150 branches in Melbourne, Sydney, and Adelaide. The CEO, Ali Jas, has asked you to develop a training plan which can be administered across all the bank branches, and also in its Melbourne Headquarters

1. a list, brief description, and justifications of training materials you will use to manage a team.

This article lists out six critical questions for the data analyst/user/presenter. Based on what you have learned about inventory management, please create a hypothetical scenario in which you answer those questions for the CEO of your firm.

My understanding of the business problem

How I will measure the business impact

What data is available

The initial solution hypothesis

The solution

The business impact of the solution

Do you or friends of your use the social networking site Facebook? Do you know businesses that use Facebook? How does an entrepreneur make all of our lives better? • The term IPO, or initial public offering, was also mentioned in the story. What would be a good reason to offer stock of Facebook to the public? What are the disadvantages to Facebook's CEO, Mark Zuckerberg, to offering shares of Facebook to the public?

Casper Ice Cream

The Casper Ice Cream Company is an ice cream manufacturer in Richmond, Utah famous for making Fat Boy Ice Cream Sandwiches. The owner, Mr. Casper, the grandson of the founder, is considering replacing an existing ice cream maker and batch freezer with a new maker which has a greater output capacity and operates with less labor. His only alternative is to overhaul his ice cream maker and batch freezer which have a current net book value of $6,000 and three years of remaining depreciable life (straight line). The equipment would cost $10,000 to overhaul but this would increase its useful life for 10 years which is also the life of the new machinery. Mr. Casper’s accountant tells him the new net book value of the overhauled equipment could be depreciated straight line over four years. The old machinery has zero salvage value currently.

The new maker and freezer would cost $50,000 including installation. It would be fully depreciated over 10 years and would have $3,000 salvage at the end of that period. Because of automatic features, the new equipment would allow labor saving of $9,000 per year.

Even though the new equipment has increase capacity, Mr. Casper does not feel any extra product could be sold until year five. At that time, he estimates that additional sales would result in additional net cash revenues before tax of $5,000 per year for the remaining life of the machine. By the end of year four, however, working capital would have to be increased by $3,000 to support the higher sales. This increase in working capital will be recovered at the end of the project, which will last for 10 years.

Casper Company is currently in the 30% tax bracket. Mr. Casper demands a rate of return of 16%.

Complete a NPV and IRR analysis

Requirement: Below are one option of management problem brought to you by Executives of mid-size companies in Atlantic Canada. Design an approach to address this scenario include details on: Literature review methodology (if necessary), ethical considerations (if any), Problem statement (if necessary), Experimental Design (if necessary), Sampling Strategy(if necessary), Suggestions for analytical techniques (if necessary), Measurement method (if necessary), and any other information you deem is important to resolve the scenario using an evidence based management framework.

Leo the founder and president of Leisure Suit Lounge Wear is unsure of how successfully break into the generation Z market and has asked for your help. Leo runs a lounge wear company with the following customer demographics.

He is concerned with aging nature of the customer base of his product and has noted that whilst generation Z (< 25 years old) is a small proportion of his customer base they have a large average spend per customer. He therefore believes that if Leisure Suit Lounge Wear can successfully advertise to younger customers, he could increase profitability and protect the company from a shrinking market share. However, he is unsure of how to advertise to generation Z. His niece has suggested partnering with TikTok influences whereas his sales manager has suggested either a traditional TV advertising campaign or a targeted campaign using internet advertising. In particular he would like to know if social media is a better prospect for advertising to generation Z than traditional advertising and if investing in partnering with influences is an effective method of increasing sales among a younger demographic.

He has asked for you help in applying evidence-based management to improving his sales in the targeted demographic.