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C&C Sports is a family and locally owned sport uniform company based in Texas since 1928.

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Reply to this with at least 200 words and reference

C&C Sports is a family and locally owned sport uniform company based in Texas since 1928. Their company started as a sewing operation with intents to provide clothing to workers. Over time, the company found a market niche in manufacturing baseball uniforms and has attributed their continuous success to that. The company is run by the third generation of leadership with relatives running certain management positions.

In conducting a strengths analysis, we find that they are local and do not outsource operations from China. Because of this, they have grown favoritism throughout Texas and have grown a loyal fan base. Product delivery/shipment is also quick and reliable. C&C sports also has a ongoing connection with other vendors in the chain such as Universal Sports which offers marketing, less shipment costs, and additional sales for C&C Sports. Also, due to it’s history and close accounting records, C&C sports has been able to continuously generate income despite sales declining because they were able to understand what to do and that is create less clothes and ultimately, have production expenses reduce.

A weakness analysis displays a lower operating income percentage because it is a smaller firm and therefore can only produce so many clothes and income. In fact, there seems to be an ultimate decline in cash from operations despite income increasing and inventory increasing. There also seems to be a lack of growth and general expansion nationwide as their current business is staying stagnant.

Opportunities arise from C&C Sports’ current weaknesses AND strengths combined. Expansion is necessary in order to generate more revenue. C&C is so customed to occupying their current market niche (baseball apparel) and should look into alternate markets like other sport apparel and equipment even. The company can maintain its core values of not outsourcing but they should look into expanding and networking into other states/stores. The company also should pride themselves on their excellent customer service and high quality items and use those as a main selling point when they do venture into other markets. The company can also utilize various marketing tools from the internet and social media to display their brand.

Threats arise from alternate competitors or sport apparel stores that have been able to carry more than just baseball apparel. Overall, these competitors have occupied a certain portion of the market and C&C’s revenue even if C&C carries exclusive baseball attire (not found in other stores). Another threat that is incoming is the gradual decrease in sales due to the unbalanced operating income percentage. The company should also look into investing into operating activities as their current cash balance is decreasing despite their current method which is trading long term debt for short term debt is only a short-term solution.

It is crucial for C&C Sports to analyze their current financial reports and statements to identify where their strengths can be further utilized and how to correct their weaknesses. It is also important to identify whether or not the third generation President is fully mentally invested and capable in the job as he may no longer what a part of the business and is holding it back. “Thus, it is time to analyze the business’ opportunities and directions to ensure an appropriate match of management and leadership talents with the needs of the company” (Fritz, 1997).

References:

Davis C. E., & Davis E. (2020). Managerial Accounting, Enhanced eText (4th ed.). John Wiley & Sons. ISBN-13: 9781119577669

Fritz, R. (1997). Wars of Succession : The Blessings, Curses and Lessons That Family-owned Firms Offer Anyone in Business: Vol. 1st ed. Silver Lake Publishing

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Tags company, family, locally, owned, sport, sports, uniform

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Discuss the difference between the stated rate and the market rate on bonds

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1.Discuss the difference between the stated rate and the market rate on bonds. What happens to a bond price when market rates go up and vice versa? Who controls the stated rate? Who controls the market rate?

2,What are the differences between accounting for investments based on fair value vs. amortized cost? What type of investments are accounted for using fair value? What type of investments are accounted for using amortized cost?

wach quation need to be 2 pages and references

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Kitchen Co., purchased as a long-term investment $80 million of 8% bonds, dated January 1, on January 1, 2021.

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1. xPlease complete the following assignments IN EXCEL (show each assignment on a different tab):

Problem 1:

1) Kitchen Co., purchased as a long-term investment $80 million of 8% bonds, dated January 1, on January 1, 2021. Management has the positive intent and ability to hold the bonds until maturity. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $66 million. Interest is received semiannually on June 30 and December 31.

Required:

Prepare the journal entry to record bb Best investment on January 1, 2017.

2.The Balloon, Inc. Company issued 10% bonds, dated January 1, with a face amount of $80 million on January 1, 2021. The bonds mature on December 31, 2030 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31.(FV of $1 (Links to an external site.), PV of $1 (Links to an external site.), FVA of $1 (Links to an external site.), PVA of $1 (Links to an external site.), FVAD of $1 (Links to an external site.) and PVAD of $1 (Links to an external site.))

Required:

a. Determine the price of the bonds at January 1, 2021.

b. Prepare the journal entry to record their issuance by CPA, Inc. (the bond) issuer on January 1, 2021, interest on June 30, 2021 and interest on December 31, 2021 (at the effective rate).

c. Prepare amortization table IN EXCEL

3.Please complete the following problems (in excel) – one assignment per tab:

Problem 1:

The following is a news item reported by Reuters:

WASHINGTON, Jan 29 (Reuters)—Blue Group, a maker of reconstructive implants for knees and hips, on Tuesday filed to sell 3 million shares of common stock.

In a filing with the U.S. Securities and Exchange Commission, it said it plans to use the proceeds from the offering for general corporate purposes, working capital, research and development, and acquisitions.

After the sale there will be about 31.5 million shares outstanding in the Arlington, Tennessee-based company, according to the SEC filing.

Blue’s shares closed at $17.15 on Nasdaq.

The common stock of Blue Group has a par of $.01 per share. Required:

Prepare the journal entry to record the sale of the shares assuming the price existing when the announcement was made and ignoring share issue costs.

Problem 2

During its first year of operations, Western Data Links Corporation entered into the following transactions relating to shareholders’ equity. The articles of incorporation authorized the issue of 8 million common shares, $1 par per share, and 1 million preferred shares, $50 par per share.

Feb. 12 Sold 2 million common shares, for $9 per share.13 Issued 40,000 common shares to attorneys in exchange for legal services.13 Sold 80,000 of its common shares and 4,000 preferred shares for a total of $945,000.Nov. 15

Issued 380,000 of its common shares in exchange for equipment for which the cash price was known to be $3,688,000.

Note: FMV of the common stock is $9 per share

Required:

Prepare the appropriate journal entries to record each transaction.

Problem 3

In 2016, Borland Semiconductors entered into the transactions described below. In 2013, Borland had issued 170 million shares of its $1 par common stock at $34 per share.

Required:

Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select “No journal entry required” in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

1.On January 2, 2016, Borland reacquired 10 million shares at $32.50 per share.2.On March 3, 2016, Borland reacquired 10 million shares at $36 per share.3.On August 13, 2016, Borland sold 1 million shares at $42 per share.4.

On December 15, 2016, Borland sold 2 million shares at $36 per share.

Problem 4

In 2016, Western Transport Company entered into the treasury stock transactions described below. In 2014, Western Transport had issued 140 million shares of its $1 par common stock at $17 per share.

Required:

Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select “No journal entry required” in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

1.On January 23, 2016, Western Transport reacquired 10 million shares at $20 per share.2.On September 3, 2016, Western Transport sold 1 million treasury shares at $21 per share.3.On November 4, 2016, Western Transport sold 1 million treasury shares at $18 per share.

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Cost volume profit analysis and Capital bugeting

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The assignment is about Cost volume profit analysis and Capital bugeting.

Instructions:

With the opening of UCW’s new downtown Vancouver House, you are to provide an investment recommendation on a 2,000 square foot open space on the retail floor of the campus. The use of space will be at your discretion and is to be written for the Board of Directors of UCW. You may, for example, determine that the best use of space is a café, tutoring classes, or cross-fit franchise, among others. You are to put together a limited business case, and assemble figures (ie., revenues, costs, # of customers, etc) based on your market assessment. You may use the assignments completed in this course as a guide, and bring concepts from your other courses and work experiences into the analysis (eg., SWOT analysis). Particular emphasis on the business case should be on cost-volume-profit analysis and as assessment of the various capital budgeting techniques introduced in this course. Marks will be allocated for originality, depth of analysis and formatting/ presentation of your work. The course rubric will also be a guide for grading. Please include an executive summary, calculations of your work, assumptions made, sources for your estimates (if any), relevant pro-forma income statements and cashflows, and conclusion

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What are the major advantages of the indirect method of reporting cash flows from operating activities?

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1. 23

2. What are the major advantages of the indirect method of reporting cash flows from operating activities?

3. A corporation issued $2,000,000 of common stock in exchange for $2,000,000 of fixed assets. Where would this transaction be reported on the statement of cash flows?

4. A retail business, using the accrual method of accounting, owed merchandise creditors (accounts payable) $320,000 at the beginning of the year and $350,000 at the end of the year. How would the $30,000 increase be used to adjust net income in determining the amount of cash flows from operating activities by the indirect method? Explain

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existing coordinated control stations R and S.

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A new control station P, is to be established from existing coordinated control stations R and S. The distances between RP and SP were measured as 3051.630 and 1980.270 m respectively. The coordinates of station R are given as 10000.00 mE, 10000.000 mN and for station S are as 13462.560 mE and 11373.620 mN. Station P is south of station R.

Calculate:

Bearing RP

Bearing SP

Use both survey lines RP and SP to calculate coordinate station P and make sure they give you the same answer.

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The tool is capable of cutting 0.1” depth of cut at a time, so 5 roughing passes are taken to reduce diameter and 1 finishing pass is taken to bring the diameter to 3.5

Normal 0 false false false EN-GB X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:””; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0cm; line-height:107%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,sans-serif; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:”Times New Roman”; mso-bidi-theme-font:minor-bidi;} Case Study Detail

The item illustrated in the figure is a steel part produced for the aerospace industry. Currently, a bar stock of 4” diameter and 24” length is used as the blank for the part. The following sequence of machining processes are then performed on the part to create final shape: 1) The part is turned on the outside to reduce diameter to 3.5”. The tool is capable of cutting 0.1” depth of cut at a time, so 5 roughing passes are taken to reduce diameter and 1 finishing pass is taken to bring the diameter to 3.5”.

2) The part is face-turned so that the face looking outside is smooth and flat.

3) A cut-off tool is used to cut a 2”-thick disc from the end of the bar stock. It is cut at a small tolerance higher than 2” for post-processing. Then, the bar stock is removed from the lathe and the cut-off disc is fixed in its stead. Since one side is flattened already, that side is

fixed toward the chuck and the cut-off side faces outside.

4) The part face (that is just cut-off) is face-turned as well to create a part that is smooth on all faces. Also at this stage, the part thickness is brought to precisely 2”.

5) A center drill is used on the lathe to create the initial hole in the middle at ¼” diameter and ½” depth.

6) A ½” diameter drill bit is used on the lathe to enlarge the center hole and make it a through hole.

7) A special chamfer turning tool is used to enlarge the center hole and keep it a through hole at the enlarged diameter simultaneously. After this process, the inside diameter is created at 1”.

8) Part is removed from the lathe and brought to a drill press to create the 4 holes as well as initial holes to create the curved slots (with a slot width of ¼”) – so a total of 6 holes at ¼” diameter are created.

9) Part is removed from the drill press and brought to a vertical milling machine. The initial holes for the slots are used to create the two slots using a ¼” diameter end mill. The end mill cannot take 2” depth of cut at a time, so 4 passes are taken at ½” depth each.

10) Sides of the part are rough-milled using a 1” diameter end mill. Due to the thickness of the side portions to be machined, four passes are used for each side.

11) Sides of the part are finished using a ¼” diameter end mill.

The process takes many steps and includes three separate machines. Due to many reasons manufacturing-related, including but not limited to the amount of time the process takes, the complexity of the tools required, and the shop space required for the whole process, the process is too costly for the company. Also, the manufacturing team observes difficulties in fixturing the part in some portions of the process. As the project team, you are asked to come up with a solution to better manufacture the part in question, without sacrificing from the precision that is required by the industry

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Kitchen Co., purchased as a long-term investment $80 million of 8% bonds,

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Post date July 1, 2021
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1. xPlease complete the following assignments IN EXCEL (show each assignment on a different tab):

Problem 1:

Required:

Prepare the journal entry to record bb Best investment on January 1, 2017.

Required:

a. Determine the price of the bonds at January 1, 2021.

b. Prepare the journal entry to record their issuance by CPA, Inc. (the bond) issuer on January 1, 2021, interest on June 30, 2021 and interest on December 31, 2021 (at the effective rate).

c. Prepare amortization table IN EXCEL

3.Please complete the following problems (in excel) – one assignment per tab:

Problem 1:

The following is a news item reported by Reuters:

WASHINGTON, Jan 29 (Reuters)—Blue Group, a maker of reconstructive implants for knees and hips, on Tuesday filed to sell 3 million shares of common stock.

After the sale there will be about 31.5 million shares outstanding in the Arlington, Tennessee-based company, according to the SEC filing.

Blue’s shares closed at $17.15 on Nasdaq.

The common stock of Blue Group has a par of $.01 per share. Required:

Prepare the journal entry to record the sale of the shares assuming the price existing when the announcement was made and ignoring share issue costs.

Problem 2

Issued 380,000 of its common shares in exchange for equipment for which the cash price was known to be $3,688,000.

Note: FMV of the common stock is $9 per share

Required:

Prepare the appropriate journal entries to record each transaction.

Problem 3

In 2016, Borland Semiconductors entered into the transactions described below. In 2013, Borland had issued 170 million shares of its $1 par common stock at $34 per share.

Required:

On December 15, 2016, Borland sold 2 million shares at $36 per share.

Problem 4

In 2016, Western Transport Company entered into the treasury stock transactions described below. In 2014, Western Transport had issued 140 million shares of its $1 par common stock at $17 per share.

Required:

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Life of Pi（Director: Ang Lee） is a movie that connects deeply with religions with both plain narratives and symbolic metaphors

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allegories, parables, and fables are the language of religion. Life of Pi（Director: Ang Lee） is a movie that connects deeply with religions with both plain narratives and symbolic metaphors.

-Did the story make you believe in God? Did it inspire real faith?

-how this movie tries to teach its audience about religion and your feeling about it.

– The theme is not restricted to Christianity. Any religious, pantheism, or atheism perspective is welcomed.

– There’s no need to repeat the entire plot.

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Plans with multiple deductible options

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Post date July 1, 2021
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Different audiences require different communication styles and media. In this assignment, you will communicate the same information to different audiences in different formats.

You have been coordinating with the benefits team to modify the current employee benefits package to support your long-term employee engagement and retention strategy.

After a lot of research and communication with different providers, the benefits team has sent you the following memo regarding the change. As part of the team spearheading the benefits change process, you are tasked with communicating details of the new package to the affected audiences.

Memo

From: Benefits Department

To: Director, Strategic Planning

RE: Change in Benefits

Overview: The company has had the same benefits provider for ten years and we have reached the end of the contract. As premiums and the cost to the company have increased every year, benefits have remained the same and even decreased in some areas. Additionally, employees have been sharing concerns regarding the cost, co-pays, coverage, and options of the current provider. Therefore, in order to conduct due diligence, the benefits team began reviewing other providers last year. Based on the feedback of employees and needs of the company, the following criteria were considered in the search:

Price of premiums
Lower deductibles
Improved dental plan option
Improved eye care plan option
Inclusion of health care savings or spending accounts
Enhanced long- and short-term disability coverage
Wellness programs
Reduced premiums for nonsmokers

After reviewing the different plans offered and extensive consultation with other stakeholders, the benefits team has selected a new program. Compared to the current program, employees will experience the following enhancements in the new program:

Plans with multiple deductible options
Health care savings account
A wellness program that offers access to a weight loss application, incentives for wellness visits and activity logs, and reimbursement for gym memberships and smoking cessation programs
Improved dental plan

Although these were part of the search criteria, the new program does not include:

Lower premiums
Improved eye care plan options
Reduced premiums for nonsmokers
Enhanced long- and short-term disability coverage

Benefits to the company include:

Reduced premiums for the employees engaging in wellness programs
Additional reduction in rates for in-network usage
The option of a “gold plan” for executives that is significantly more cost-effective than the previous plan

The new benefits plan will go into effect on January 1 of the new fiscal year and will be rolled out during the open-enrollment period of the current year.

Please contact the benefits department if you have any questions.

Prompt

Using the information in the memo above, create the following pieces of communication. Remember to tailor the information to be appropriate for the target audience.

An email to all affected employees
1. Describe what is changing and why.
2. Explain the benefits of the change and how it will affect employees.
A brief three- to four-slide presentation to the human resources team with speaker notes as needed
1. Describe what is changing and why.
2. Explain the benefits of the change and how it will affect these teams.
An audio script for a two-minute presentation for the CEO
1. Describe what is changing and why.
2. Explain the benefits of the change and how it will affect the CEO.

Guidelines for Submission

Email: Submit a 1- to 2-page Word document with double spacing, 12-point Times New Roman font, and one-inch margins.
Presentation: Submit a 3- to 4-slide PowerPoint presentation.
Audio Script: Submit a 2-minute audio script in a Word document with double spacing, 12-point Times New Roman font, and one-inch margins

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