Northwest Paperboard Company, a paper and allied products manufacturer, was seeking to gain a foothold in Canada. Toward that end, the company bought 40% of the outstanding common shares of Vancouver Timber and Milling, Inc., on January 2, 2021, for $600 million.

At the date of purchase, the book value of Vancouver's net assets was $875 million. The book values and fair values for all balance sheet items were the same except for inventory and plant facilities. The fair value exceeded book value by $5 million for the inventory and by $30 million for the plant facilities.

The estimated useful life of the plant facilities is 15 years. All inventory acquired was sold during 2021.

Vancouver reported net income of $220 million for the year ended December 31, 2021. Vancouver paid a cash dividend of $60 million.

Required:
1. Prepare all appropriate journal entries related to the investment during 2021.
2. What amount should Northwest report as its income from its investment in Vancouver for the year ended December 31, 2021?
3. What amount should Northwest report in its balance sheet as its investment in Vancouver?
4. What should Northwest report in its statement of cash flows regarding its investment in Vancouver?

⦁   CASE STUDY

The Allure of Franchising

Neil Erlich knew that he wanted to be an entrepreneur when he helped start a contracting business when he was just 14 years old. During his junior year at Sonoma State University, Erlich, with help from his father, a corporate executive, began investigating franchise options that would suit his interests and skills. They honed in on the automotive service industry and reviewed the regulations of several franchises, including Total, Jiffy Lube, and Midas, before settling on Express Oil Change. Erlich was particularly impressed with the support that Express Oil Change offered its franchisees. When Erlich graduated with a business degree, his father put up $375,000 to help him purchase and set up the $1.5 million franchise operation. Erlich, who is the youngest franchisee in the Express Oil Change system, sees the franchisor’s support as one of the greatest benefits of choosing to open a franchise rather than an independent business of his own.” The franchisor is there for you," he says. "It’s very comforting. "

Like Erlich, a growing number of college graduates and twenty-something adults who are disenchanted w*+
th the prospects of a dull job in the corporate grind are looking to franchising as a promising career choice. Indeed, franchising is attracting people of all ages and backgrounds, from corporate dropouts and military veterans to retired Baby Boomers and corporate castoffs.
” People say, ’I put 20 years into a company, and because they ran into some tough times, they let me go,’” explains Ray Titus, head of the United Franchise Group.” They think, ’Do I want to put myself into a position where I may get laid off again?’ Instead, they take control of their future by running their own businesses." For many of them, franchising is the perfect fit.

Retirees who are looking for second careers also are turning to franchising as well. "They’ve got school-of-hard-knocks experience and business skills that they can apply on day one at a franchise," says Michael Shay of the International Franchise Association. Judy Divita, a retired corporate human resources manager, and her husband Charlie, a retired college professor and consultant, decided to embark on second careers as franchisees rather than stop working. After researching franchise opportunities, they opened a Subway franchise in Columbia, South Carolina, not far from where Charlie had taught at the University of South Carolina. Over the next nine years, the Divitas opened five more sandwich shops in Columbia, including one on the university campus. In addition to their built-in market of college students, they target the players on the athletic teams that come to campus to participate in more than 400 sporting events ranging from baseball and football to basketball and volleyball each year. The Divitas have won the MVP Award Winner for Innovation from Multi-Unit Franchisee magazine. Their nine outlets generate $4.5 million in annual sales, and the couple’s goal is to have 13 Subway locations within 10 years.” The franchise gives you the basic things to put you in business pretty quickly," says Charlie.” You have to take it beyond that and be creative to come up with novel ways of doing things that are particular to your company and your community.”

Franchising can be the ideal path to owning a business for people in almost any phase of professional life, whether they are retirees looking for a new direction and extra income or recent college graduates who are ready to embark on exciting careers. "Boosted by a brand name, training, advertising, and an established business plan, a franchise can ease the struggle and the risk of opening a business and still let you call some shots,” says one business writer.

⦁   QUESTIONS:
Answer the below questions based on the text above, the course material, your own experience and information search on the internet and in academic sources from the AOU e-library. (i.e. companies’ webpages, AOU e-library databases…)

⦁   These examples show people at different stages of their professional lives choosing to become business owners with the help of a franchise. What conclusions can you draw from their stories about the benefits and appeal of franchising? (300 words – 40- marks)

⦁   What are the disadvantages of investing in a franchise? (200 words – 30 marks)

⦁   Suppose that one of your friends who is about to graduate is considering purchasing a franchise. What advice would you offer him or her before signing the franchise contract? (200 words – 30 marks)

How might you use IR spectroscopy to determine whether the reaction is really complete after 35-40 min?  

When Kim Smith graduated with a degree in civil engineering, she pictured herself designing buildings and managing construction. She never imagined herself behind a computer writing reports. However, that is exactly where Kim finds herself today. She has just finished a major project: an environmental assessment of a plot of land on which a client wants to build an office park. Emily, the senior engineer on the project has asked Kim to write the client report. When Kim asked Emily if she could give her a model to follow, Kim pointed to the file cabinet and said, "Sure, you'll find lots of reports in there." Kim found a lot of reports: long ones, short ones, letter reports, and memo reports. The diversity confused her, but she was glad that she saved her business communication textbook from Concordia University. Kim begins writing her report using the 3x3 Writing Process. Her audience, the CEO of Halvorson Properties, wants to know whether it is safe to build an office park on the property he owns. Because this decision has significant financial and environmental effects, Kim decides to write a formal letter report that clearly communicates the message that the property is safe. Kim's research indicated that the site has not been affected by hazardous waste or contaminated groundwater. In the body of the report she will provide enough details about her methodology and findings to give Mr. Halvorson confidence in the assessment. With those decisions in mind. Kim sits down and write's the following report introduction: Dear Mr. Halvorson: At your request, we have conducted an investigation of the site defined by the attached survey map for the purposes of rendering an opinion as to whether the site contains hazardous waste or is being impacted by contaminated groundwater. Our investigation consisted of making soil borings and visual observations of the ground surface, vegetation, and drainage patterns and laboratory testing of soil samples. The testing included physical properties testing and chemical testing of the water extracted from the soil. In addition, we have examined various maps and aerial photos, contacted various government agencies, and contacted the power company in our efforts to determine whether the hazardous waste is known to have impacted the site. our findings are as follows: Your task is to revise Kim's introduction and rewrite it to promote clarity and conciseness.

Anna Wright is considering opening a Kwik Oil Change Center. She estimates the following monthly costs: rent $6,000; depreciation on equipment $7,000; and wages $16,400. Additionally, each oil change will include five quarts of oil at $1.80 per quart and one oil filter that will cost $3.00. She must also pay The Kwik Corporation a franchise fee of $1.40 per oil change. In addition, she has collected the following data from the company regarding utility costs. The total utility cost is based on the number of monthly oil changes.

What is the variable cost per oil change?

A 3.4 μC charge is placed at the origin of coordinates, and a -2.6 μC charge is placed to the x axis at 2.5 cm .

Find the location of the place(s) along the x axis where the electric field due to these two charges is zero.

Find the location of the place(s) along the x axis where the electric potential due to these two charges is zero.

Facts: A vehicle driven by Michael O’Niell crashed while traveling on Louisiana Highway 30. Vanessa Savoy, a 19-year-old guest passenger in the vehicle, sustained severe injuries as a result of the collision. O’Niell, who was under the legal drinking age, had been drinking at Fred’s Bar and Grill prior to the accident. Fred’s Bar is owned by Triumvirate of Baton Rouge, Inc., a corporation. Marc Fraioli is the sole shareholder and president of Triumvirate. Savoy, through a legal representative, brought a lawsuit against O’Niell, O’Niell’s automobile insurance company, Triumvirate, and Fraioli seeking damages for her injuries. Fraioli filed a Motion for Summary Judgment asserting that as a shareholder of Triumvirate Corporation, he was not liable for the corporation’s debts.

Ethics Questions:  The law permits shareholders to avoid personal liability for the debts of the corporation they own because corporations are separate legal entities and they are liable for their own debts and obligations.  It will not be practically possible for Fraioli to check the age of each of his customers before serving them liquor. Also, on the day of the accident, Fraioli was not present in the bar when liquor was served to O’Niell. So was it ethical for Fraioli to assert the corporate shield to avoid liability in this case. Releasing Fraioli from liability will not release Triumvirate from its liability.

Should Fraioli be liable in the facts above? Why or why not? What rules make Fraioli liable or not liable and why?

Write an 8088/8086 assembly program that counts the length of a null terminated string that starts at location STR.print The result on the screen Assume string length will not exceed 255 character.

how do we use a catalyst to make one enantiomer of a molecule?

A charity organization hosts a raffle drawing at a fund raising event. The organization sells 2500 tickets at a price of $8 each. Winning tickets are randomly selected, with 30 prizes of $100, 10 prizes of $500, and 1 grand prize of $8000. Suppose you buy one ticket. Let the random variable X represent your net gain from playing the game once (remember that the net gain should include the cost of the ticket). Use the table below to help you construct a probability distribution for all of the possible values of X and their probabilities. Find the mean/expected value of X. (Round to two decimal places.) In complete sentences, describe the interpretation of what your value from #2 represents in the context of the raffle. If you were to play in such a raffle 100 times, what is the expected net gain? Would you choose to buy a ticket for the raffle? (Your response should be a short paragraph, written in complete sentences, to explain why or why not.) What ticket price would make it a fair game, so that, on average, neither the players nor the organizers of the raffle win or lose money? (Round to two decimal places.)

Explain what specific social work interventions you might implement to address veterans with ptsd, reduce or eliminate disparities, and improve health outcomes.

Biopsychosocial characteristics of children who later murder: A prospective study. By Dorothy otnow Lewis, M.D. , Ernest Moy, B.S. Departement of Psychiatry

A chemical plant employing 850 employees (employees work a regular 40-hour work week) has the following safety and health records for the year 2016:

(a) File 1 Forklift truck drops pallet load of packaged raw material; no injuries; some material wasted; pallet destroyed; extensive cleanup required.

(b) File 2 Worker suffers heat cramps (illness) from continuous exposure to hot process; admitted to hospital for treatment: 2 weeks off.

(c) File 3 Worker burns hand on steam pipe; first aid received and worker returns to workstation.

(d) File 4 Worker suffers dermatitis from repeated contact with solvent; 1 week of work lost; another 4 weeks of work restricted to an assembly job.

(e) File 5 Worker fractures finger in packaging machine; worker sent to hospital for treatment; back on the job the next day.

(f) File 6 Maintenance worker lacerates hand when screwdriver slips; five sutures given; worker back on the job the next day.

(g) File 7 Pressure vessel explodes; extensive damage to processing area; miraculously, no one is injured.

(h) File 8 Worker gets poison ivy from exposure a week earlier while removing weeds around the plant perimeter fence; worker receives doctor’s treatment, but no workdays are lost.

(i) File 9 Worker becomes ill from continuous exposure to hydrogen sulfide leaks from furnace area; misses 2 weeks’ work; leaks are repaired.

(j) File 10 Worker gets severe poison ivy from weekend outing with Boy Scout troop; misses 2 days of work.

(k) File 11 Maintenance worker falls from fractionating tower and is killed.

(l) File 12 Worker fractures an arm in transmission system that powers pulverizer mill; loses 3 days of work and an additional 6 weeks of work is in the production scheduling office before returning to regular job. 2

(a) Fill this data into an OSHA 300 log and complete totals column

(b) Calculate the following incidence rates: 1. LWDI 2. Total injury incidence rate 3. Total illness incidence rate 4. Fatality incidence rate 5. Number-of-lost-workdays rate (injuries and illnesses) 6. Specific-hazard incidence rate (fractures)

(c) Based on National Safety Council statistics for injury facts, how does the safety and health record of this firm compare with that of other manufacturing companies and with industries in general? If no data are available for year 2016, use data for year 2007 for comparison. (Text book on Page 25)

Bill Guerin, an entrepreneur, has a project available for investment with two pro-duction techniques, Safe and Risky, both requiring an initial investment of $100. Next year, the Safe technique provides a payoff of $120 with certainty, and the Risky technique pays $124 if successful, but only $94 if unsuccessful, where the risk-neutral probability of success is ½. The risk-free rate is 5%.

Can Guerin obtain a $100 loan to be repaid next year to finance the project at the risk-free rate?

What is the NPV for the bank if it charges 15% interest on the loan?

What is the NPV for the bank if it charges 17% interest on the loan?

(1 mark) Suppose the bank has a monopoly on providing financing. Discuss how parts b) and c) relate to the bank’s decision about what interest rate to charge.