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contemporary International Jazz musician/group

Jazz Music is an original American art form that incorporates music from many different cultures.  It has become an international music, that can be heard in most countries around the world, performed by musicians from those countries as well as American musicians. This assignment is a research and writing assignment that asks you to write about:

1. a contemporary International Jazz musician/group (a musician or group that comes from a country other than the USA) 

OR

2.  a place (outside of the USA) where Jazz music is an important part of the culture, such as a famous International jazz festival like the Umbria Jazz Festival in Italy, or the jazz scene in Paris, London, Cape Town or Tokyo – writing about the history of how Jazz music came to be an important part of the culture in those places, the important venues: jazz clubs, concert houses, jazz societies, and important musicians from that place/ jazz “scene”.

There are many interesting topics that fall under this umbrella.You can explore an area of the world you have connections to, or want to know more about, or take the opportunity to learn more about an international artist you already know. There are many international jazz “scenes” to research, and important international jazz musicians can be found in almost every country or region. Many international jazz musicians combine music from their own country or region with existing jazz musical ideas to create a new jazz sound.  Other international jazz musicians are dedicated to playing very traditional styles of jazz.  Many came to the US to study jazz music and apprentice with American jazz masters. Some will have established residencies in the US and others will have established their careers outside the US, often in their home countries or regions. Many important international jazz artists

It is important that the topic you choose has enough information about the international aspects of the musician/group or jazz scene to support a research paper.  The assignment is about a “contemporary” artist or scene – meaning that the artists or scene is currently active, with the paper including recent activity – recordings, concerts, etc..  Historical background is important, but the focus of the paper is about an artist or jazz scene going on right now.  

For instance, if you write about the jazz scene in Paris, you need to mention the history of Jazz in Paris (this is very important to this topic) and then write about the scene today, where the musicians are playing Jazz in Paris, who the important Parisian Jazz musicians are and how Jazz is integrated into modern Parisian society.

The USF Library has created a Course Guide for this class with useful information on how to conduct online searches and what materials are available in the USF Library that could be useful to this assignment. 

http://guides.lib.usf.edu/SurveyJazz (Links to an external site.)

Requirements:

  1. Write a 1000-1500 word paper (this is the body of the paper, not including the discography and references, etc..)

NOTE: word count is the least important part of the grading of this paper. Any paper that covers all of the requirements will be at least 1000 words, this is just a suggestion so that you don’t feel like you have to write a LONG paper.  The content, quality of writing, inclusion of required information and following the writing style guidelines are the most important part of this paper. The paper should be well written, following general rules and formatting for a Research Paper in MLA or APA format. You can get help and information about writing a Research Paper from the USF Writing Center.

  1. Research your topic well. It is important that you find lots of good information to base your paper on.
  2. Find and listen to musical examples of the artist(s)/group(s) you are writing about. If you are writing about a jazz “scene”, find and listen to some of the important artists from that scene. Find reviews of their music, and include your own description of what you hear in the music.
  3. If you are writing about an artist/group, Include a general description of the artist/group, what they are known for and other relevant projects/recordings they have produced. Include a selected discography as part of your reference citations.
  4. Include information about the recordings you write about:
    1. Date released
    2. Record label
    3. Musicians on the recording
    4. How readers can find this music (purchase, listen, etc)

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Calculate the total of joint cost. [2.5 marks

SECTION A: Structured Questions (40 marks)

This section consists of TWO (2) questions. Answer ALL questions.

Question 1

Three joint products are produced by a chemical process. There are two consecutive processes. Output from the first process is transferred to next process, from which three joint products, N35, B24 and L27 are produced and sold.

Process 1

Material 50,000 kg at RM8 per kg Direct labour

Overheads

Normal loss 10% of input Scrap value of loss Output

RM400,000 RM250,000 RM180,000

RM4 per kg 46,000kg

Process 2

Direct labour Overheads Output

RM276,000 RM276,000

N35   18,000 kg

B24 16,000 kg

L27 12,000 kg

There were no opening and closing stocks in either process. The selling prices of the output from Process 1 were as follows:

N35 RM48 per kg

B24 RM36 per kg

L27 RM24 per kg

Required:

a) Prepare an account for Process 1 . [10 marks]

b) Calculate the total of joint cost. [2.5 marks]

c) Calculate the profit attributable to each of the joint products by apportioning the total costs from Process 2:

On the basis of weight of output. [7.5 marks]

[Total: 20 marks]

Question 2

Amni run a soft toys shop in Kampar, Perak. Below are the transactions for the month of May 2020.

May 1

Beginning Inventory

50 units @ RM15.00 each

4

Purchases

140 units @ RM15.50 each

11

Purchases

70 units @ RM16 each

26

Sales

190 units @ RM19.00

31

Required:

Sales

30 units @ RM19.50

a) Calculate the value of ending inventory and the cost of goods sold using perpetual:

i. First In First Out (FIFO) [5 marks]

ii. Last In First Out (LIFO) [4.5 marks]

iii. Average Method (AVCO) [4.5 marks]

b) Draw up the statement of profit and loss and other comprehensive income for the year showing the gross profits that have been reported using FIFO, LIFO and AVCO. [6

marks]

[Total: 20 marks] 

SECTION B: Structured Questions (60 marks)

This section consists of THREE (3) questions.

Answer A LL questions.

Question 1

Product Beta is produced by passing through two processes: 1 and 2. The following information relates to Process 1 for the month of April 2020. At the start of the  period, there were 600 units of opening work in process with a cost to date of RM4,500.

The degree of completion and the costs to date are as follows:

Degree of completion

Costs

Materials

100%

RM2,350

Labour

40%

800

Overheads

70%

1,350

During the month of April, the following costs were incurred:

2,000 units of direct materials

RM14,800

Direct labour

RM7,385

Production overhead

RM7,896

At the end of April, it was found that there were 500 units of closing work in process with the following degree of completion:

Degree of completion

Materials

70%

Labour

50%

Overheads

40%

There was no loss in the process.

The company operates using the first in first out method of charging opening stock to production.

Required:

a) Prepare the Process 1 Account. [4 marks]

b) Prepare the statement of equivalent production units and calculate the total equivalent production units in total and by elements of cost. [7 marks]

c) Prepare the statement of cost and calculate the cost per equivalent units in total and by elements of cost. [3.5

marks]

d) Prepare the statement of valuation and calculate the cost to be transferred to process in total and by elements of cost. [5.5 marks] [Total: 20 marks]

Question 2

A. Indah Anggun Company has provided the following information regarding its product Alpha for Period 1.

Units produced

250,000

Units sold (RM40 per unit)

200,000

Budgeted units

250,000

V ariable cost per unit:

RM

Direct materials

10

Direct labour

7

Variable production overheads

5

Variable selling and administrative overheads

3

There were no opening stocks at the start of the period 1. It is also noted that the actual and budgeted production overheads are the same.

Required:

a) Prepare the operating statements based on marginal costing principles.

[4.5 marks]

B. Manufacturing support cost for Bijak Sdn. Bhd. in September 2020 is as follows:

Cost pool

Normal cost (RM)

Electricity consumed

20,000

Material handling

45,000

Machine assembly

40,000

Quality inspection

20,000

Total

125,000

Company’s cost accounting system assigns support cost to product based on machine hours. Estimated total machine hour for September 2020 is 25,000. The Managing Director has requested the accountant to implement an Activity Based Costing (ABC) system because this system is believed to estimate product cost more accurately. The accountant has collected the following data:

Cost pool

Cost driver

Existing capacity

Cost (RM)

Electricity consumed

Kilowatt hours

10,000 kilowatt

20,000

Material handling

Material movement

2,500 movement

45,000

Machine setup

Number of setups

500 sets finished

40,000

Quality inspection

Number of inspections

1,000 inspections

20,000

The company received an order to supply 500 units of a product called M10. The estimated cost and other information that relate with the production of 500 units of M10 are as follows.

Raw material cost

RM10,000

Direct labour cost

RM9,000

Machine hour

900 machine hours

Direct labour hour

1,000 direct labour hours

Electricity consumption

1,000 kilowatt hours

Material handling

20 movement

Machine set up

3 set ups

Quality inspection

10 inspections

Required:

a. Define Activity Based Costing (ABC). [3.5 marks]

b. Calculate the cost per unit for product M10 by using the following methods:

I. Traditional Costing [2

marks]

II. Activity Based Costing [2

marks]

[Total: 12 marks]

Question 3

Bright Lighting Sdn Bhd, an engineering company, has five cost centres: Three production departments, machine shop, welding shop and assembly shop and two service departments, maintenance and power house.

The following are the allocated costs:

Machine Shop

(RM)

Welding Shop

(RM)

Assembly Shop (RM)

Maintenance (RM)

Power house

(RM)

Indirect wages

400

800

300

250

250

Indirect

material

800

1,200

500

300

200

Repairs and

maintenance

3,000

2,500

1,500

2,000

1,000

A pportionment costs

RM

Rent

10,000

Power

2,000

Lighting

5,000

Depreciation on equipment

10,000

Insurance on equipment

1,000

The following basis of apportionment is available.

Direct labour cost

(RM)

Machine hours

Floor area sq.ft

Direct labour hours

Effective horse power

Number of employees

Equipment value (RM)

Machine

shop

21,000

7,000

200

8,000

40

20

30,000

Welding

shop

19,000

6,000

400

11,500

30

10

20,000

Assembly

shop

10,000

5,000

300

10,500

20

30

20,000

Maintenance

50

5

20

15,000

Powerhouse

50

5

20

15,000

50,000

18,000

1,000

30,000

100

100

100,000

It is decided that the cost of the service cost centre should be apportioned as follows:

Machine

Shop

Welding

Shop

Assembly

Shop

Maintenance

Powerhouse

Maintenance

(%)

20

50

30

Powerhouse

(%)

20

60

20

Required:

a. Prepare an analysis of the overheads using the basis provided above. [25 marks]

b. Using the direct method, apportion the service cost centre among the production cost centres [3 marks]

[Total: 28 marks]

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locate a U.S. specialty industry report

FINANCIAL STATEMENT ANALYSIS Before you start the assignment, test your understanding of concepts covered in the assignment. It is not a graded quiz, but a tool for reviewing some key points. The tool

FINANCIAL STATEMENT ANALYSIS

Before you start the assignment, test your understanding of concepts covered in the assignment. It is not a graded quiz, but a tool for reviewing some key points. The tool can be used multiple times.

The financial statements tell a story about the financial health of a business at a given point in time. The purpose of this SLP is to apply ratio analysis to assess financial health of a publicly held corporation. Use the financial statements identified in the module four case to compute three ratios, one for each of the three following categories

  • Liquidity (solvency),
  • debt service, and
  • profitability.

Comment on the ratios by answering the following questions. Go to IBIS, locate a U.S. specialty industry report, which you feel is appropriate for the company you are analyzing. Use the statistics tab to view the ratios.

  1. Name the company and show the computation of the three ratios.
  2. Comment on the purpose and information conveyed by each ratio.
  3. What did you learn about the company by reviewing the three ratios?
  4. What is your conclusion about liquidity, debt, and profitability for this company?
  5. How successful is the company relative to the industry average and leaders in its industry? Indicate the industry and specialty industry report used for comparison. Write two paragraphs or more. Include ratios found in the IBIS database to support your conclusion.

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Infamous Enron accounting scandal and discuss how the company fraudulently reported their financials

1 Do some research regarding the infamous Enron accounting scandal and discuss how the company fraudulently reported their financials, with specific emphasis on the issues surrounding consolidation and variable interest entities.  Note: FIN 46R 

2.What is the difference between a companies market value and book value?  How is the market value and the book value related to earnings per share?  What is the market value and the book value for the public companys : McDonalds, Ford Motor Co.,Amazon.com, Walmart   Why is there a difference in this number?  

please reference and site

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characteristics of consolidated financial statements

Consolidation at Acquisition

1.Describe the characteristics of consolidated financial statements immediately following a business combination.

Prepare consolidated financial statements immediately following a business combination, including:

calculate consolidated balances on the consolidated balance sheet,

understand consolidating investment eliminating entries, and

understand intercompany receivable/payable eliminating entries.

2. Describe the effects that the method a parent uses to carry an investment (on its books) in a subsidiary has on the investment balance that must be eliminated in the consolidating process.

Consolidation Subsequent to Acquisition

1. Describe the characteristics of the cost method of accounting for an investment.

2. Describe the necessary treatment of the consolidating worksheet when a parent uses the cost method to account for an investment in a subsidiary

Consolidation Less than 100% Ownership

1. Allocate the purchase price for a less than 100% acquisition.

2.Calculate the components of the balance sheet and income statement that would be represented on the consolidated statements with a less than 100% acquisition.

Introduction to Earnings per Share

1.Complete a calculation of basic EPS.

2.Complete a calculation of diluted EPS.

Basic Earnings per Share

1.Complete a calculation of weighted average shares outstanding with stock issuance, repurchase, dividends, and splits.

Diluted Earnings per Share

1. Calculate the potentially dilutive effect of convertible preferred stock on basic EPS.

2.Calculate the potentially dilutive effect of stock options and warrants using the “treasury stock method” on basic EPS

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U.S. public company that you are familiar with or one in which you may have an interest

Assignment Overview Choose a U.S. public company that you are familiar with or one in which you may have an interest. You will now have the opportunity to apply some of the concepts reviewed in the pr

Assignment Overview

Choose a U.S. public company that you are familiar with or one in which you may have an interest. You will now have the opportunity to apply some of the concepts reviewed in the prior modules to the financial statements of a company of your choice. The background material in Modules 2 and 3 cover the concepts relating to the balance sheet and income statement.

Case Assignment

Required

  • Briefly explain your interest in the company and its business.
  • Go to the company’s website and locate the most recent annual financial statement (10-K or Annual Report). Include a screenshot of the website and a link to the financial statement in your write-up.
  • Download and save the financial statement. Submit the file as separate file as part of the assignment.
  • Does the corporation have an operating income or loss?
  • What is the amount of total assets on the balance sheet?
  • What type of the information is found in Statement of shareholders equity?
  • What type of the information is found in Statement of cash flows?
  • How is the statement of cash flow different than the income statement?
  • The report includes a lot of information in addition to the financial statements. Provide examples of two other kinds of content and makes a brief comment about each example.

Assignment Expectations

Respond to all questions showing your computations and/or using your own words. Do not use an essay format.

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Kentuckyville Slugger (KS) is a manufacturer of baseball and softball accessories.

Kentuckyville Slugger

Kentuckyville Slugger (KS) is a manufacturer of baseball and softball accessories. The company was established by Sammy Sousa in 1913, and produced only wooden baseball bats. KS has evolved over the past hundred years to offer a wide variety of products, including aluminum bats, batting gloves, cleats, and fielding gloves. KS’s products are sold in Canada, the United States, and Mexico. Since inception, the company has continued to be a family-run, closely held business with its manufacturing plant located in Red Deer, Alberta.

Recently, the company has been finding it difficult to compete in the global marketplace due to the fluctuating Canadian dollar, the lower wage costs in Asia, and a general decrease in consumer discretionary spending following the global credit crisis. The recent competitive pressures have made it difficult for KS to reinvest in its capital assets in order to become more efficient.

The current CEO, Michael Sousa, does not want to relocate as the company is a long-standing member of the Red Deer community, providing many citizens with well-paying jobs. However, the competitive landscape is making it difficult to continue the status quo.

Michael has recently come across a new government grant program that is part of an initiative to improve the productivity of Canadian companies and promote employment. The program provides eligible manufacturing companies with the opportunity to receive a forgivable loan to upgrade their capital assets in the interest of efficiency. The following criteria are used to assess eligibility:

• The grant must be used to invest in capital assets that will improve productivity, as measured by output per employee hour.

• The grant must promote employment in the manufacturing sector in Canada.

• The company must display a financial need for the application.

If obtained, the grant would allow KS to continue to operate in Red Deer with the same workforce and increase its output by at least 20%. Audited financial statements must be included with the grant application.

Brandon Sousa, CPA, is the controller of KS. Recently, Brandon has begun preparing the December 31, 2020 year-end financial statements to provide to the external auditors. Brandon recently met with Michael in order to discuss certain transactions that have yet to be recorded in the books of account. Michael would like Brandon to prepare a report that discusses the appropriate accounting treatment of these transactions. The notes from the meeting can be found in Exhibit I.

Exhibit I

Notes from Meeting with Michael

• KS entered into a sales agreement with the Canadian Hardball Association (CHA) to provide 5,000 hardball bats (at a price of $50 per bat) for an upcoming international baseball tournament that will be held in Canada. The bats were shipped to the CHA during the month of November 2020. Per the agreement, the CHA has until February 2021 to inspect the bats in order to determine if they meet international safety and performance standards.

• KS has manufactured bats for similar tournaments in the past and has never had an issue meeting the safety and performance standards. Michael suggests not recording any revenue in the current year because the CHA has the right to accept or reject the quality of the bat.

• KS delivered 2,500 soft-spike cleats to The Shoe Store for $100,000 in December. The cleats were sold during the holiday season. The cleats can be returned to KS within one year of the purchase date in the case of a manufacturer defect. Past history suggests that 5% of the cleats are returned within the one-year return period. Michael suggests that the revenue should be recorded once the right of return period lapses.

• During the year, KS entered into a sales agreement with SportStore (SS) whereby KS designed and manufactured an aluminum bat that is to be sold exclusively through SS’s retail stores across Canada. The exclusive agreement is for a two-year period, at which point the bat can be sold through other retailers. During the agreement period, SS must purchase a minimum of 100,000 bats from KS at a price of $55 per bat. During the year, SS purchased 45,000 bats.

• KS incurred $155,000 in design and development costs during the year in developing the bat. KS incurs $25 in costs to manufacture the bat. Michael suggests that the $155,000 design costs be expensed in the current year.

• KS sold on credit 2,500 KSX baseball gloves for $50,000 to Q-Mart in November 2020. Q-Mart is a large public company, with retail stores across Canada and the United States. Around year end, analysts have begun reporting that Q-Mart is having serious financial difficulties and may file for bankruptcy if its lenders do not restructure its debt. Q-Mart’s share price has plummeted in recent weeks. Michael suggests writing off the $50,000 account receivable.

• During the year, KS acquired a new storage warehouse in Red Deer. The warehouse was purchased for $250,000. KS then incurred $10,000 in costs to install an HVAC system and $7,500 to replace the roof shingles. Michael suggests expensing the additional costs ($17,500) as repairs and maintenance.

Required

Assume the role of Brandon and prepare the report. The financial statements are prepared in accordance with ASPE

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Chief executive officer (CEO) of GYMZ Limited (GYMZ)

Your forensic accounting firm, HONEST Partners, has been engaged by the chief executive officer (CEO) of GYMZ Limited (GYMZ). GYMZ operates a series of precious metal mines throughout Australia. GYMZ is considering entering into a joint venture with another mining company, GOLDY Limited (GOLDY). As part of this joint venture proposal, GOLDY has provided GYMZ with its income statement for the last three financial years. GYMZ is concerned that GOLDY has manipulated aspects of its income statement to make it a more attractive joint venture partner. Based on the information in the table below, describe what forensic accounting tools (including interviews and financial analysis methods) you could use to reach a view about this allegation. For each of the tools you refer to, provide a critical analysis of their respective advantages and disadvantages [400 word limit] (15 Marks)

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Debt securities and interest rates

Start by reading and following these instructions: 1. Quickly skim the questions or assignment below and the assignment rubric to help you focus. 2. Read the required chapter(s) of the textbook and an

Start by reading and following these instructions:

1. Quickly skim the questions or assignment below and the assignment rubric to help you focus.

2. Read the required chapter(s) of the textbook and any additional recommended resources. Some answers may require you to do additional research on the Internet or in other reference sources. Choose your sources carefully.

3. Consider the discussions and any insights gained from it.

4. Create your Assignment submission and be sure to cite your sources, use APA style as required, check your spelling.

Assignment:

Essay: Debt securities and interest rates

Module 6 introduces a number of different types of debt security instruments. Identify at least three different categories of debt instruments, and compare and contrast them in terms of risk as well as the potential for return.  

The overall interest rate of debt security consists of a number of different components. Identify each of the components, describe each, and explain why they form a part of the overall interest rate profile of the security.

Summarize your findings in a two to three-page paper.

Problem: Capital Structure and the WACC

Percent Debt (%).                   After Tax Debt Cost (%).                   Cost of equity (%)

0.                                                 —–                                                         14

15                                                  5                                                           18

45                                                  9                                                            22

67                                                  12                                                          25

78                                                   16                                                         30

Determine the WACC for each scenario

Determine the optimal mix of debt and equity.

Present your findings in a spreadsheet, and provide the rationale for your answers.

Assignment Expectations:

  • Length: Spreadsheet
  • 500-750 words in a document; answers must thoroughly address the questions in a clear, concise manner
  • Structure: Include a title page and reference page in APA style. Separate each section in your paper with a clear heading that allows your professor to know which bullet you are addressing in that section of your paper. Support your ideas with at least three (3) citations in your essay. Make sure to reference the citations using the APA writing style for the essay. The cover page and reference page do not count towards the minimum word amount.
  • References: Include the appropriate APA style in-text citations and references for all resources utilized to answer the questions
  • Format: save your assignment as a Microsoft Word (.doc or .docx), Open Office (.odt) or rich text format (.rtf) file type; Use Excel or Calc for the spreadsheet.
  • Filename: name your saved files according to your last name, first initial and the week (for example, “jonesb.week1”)

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A footwear manufacturer company wanted to know if they made the right choice in terms of product mix and media placement.

A footwear manufacturer company wanted to know if they made the right choice in terms of product mix and media placement. Their retailers are a mix of department stores as well as boutique shops. They place advertisements on multiple platforms; TV, print, digital, PR and email. Your company were hired for the project and your boss have decided on the following approach:

Data Analytic team: Data analytics combining store level sales data with marketing spend data

Store team: Visit key retailers/stores and examining store displays as well as in-store promotional materials

Communication team: Examining the client’s and its competitors media and communication materials

The findings and recommendations from all the teams will be combined in a single report and presented to the clients. They were given TWO months to complete the project.

Required:

Prepare the following:

a)Work breakdown structure

b)Gantt Chart

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