On January 1, 2015, the Herco Company purchased 70% of the outstanding voting share of the Wing Company for $ 850,000 in cash. On that date, the Wing Company had retained earnings of $ 400,000 and common shares of $ 500,000. On the acquisition date, the identifiable assets and liabilities of the Wing Company had fair values that were equal to their carrying values except for the building, which had a fair value 200,000 greater that its carrying value, and long term liabilities which had fair values that were $ 100,000 great than their carrying values. The building had a remaining useful life of ten years on January 1, 2015 and the long term liabilities mature on December 31, 2021. Both companies use the straight line method to calculate all depreciation and amortization. The trial balances of the Herco Company and Wing Company on December 31, 2019 are contained on the attached excel sheet.
Trial Balance Consolidation Adjustments December 31, 2019.
Herco Herco Wing Wing
Debit Credit Debit Credit Debit Credit
Assets
Cash 50,000 10,000
Accounts receivable 220,000 100,000
Account receivable, Wing 80,0000
Inventories 2,700,000 520,000
Equipment (net) 6,150,000 2,500,000
Buildings (net) 2,600,000 500,000
Investment in Bond 250,000
Investment in Wing(cost) 850,000
Liabilities and Equity
Accounts payable 280,000 170,000
Account payable, Wing 20,0000
Long term liabilities 4,000,000 600,000
Bond payable 500,000
Common shares 3,000,000 500,000
Retained earnings, beginning of year 4,500,000 1,600,000
Dividends declared and paid in year 200,000 20,000
Timely Delivery– primewritersbay.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
Customer satisfaction- Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Writing services provided by experts- Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy Please Note-You have come to the most reliable academic writing site that will sort all assignments that that you could be having. We write essays, research papers, term papers, research proposals. Herco Company purchased 70% of the outstanding voting share of the Wing Company for $ 850,000 in cash
Reference is in attachment: The Shamrock Transportation Company has four terminals: A, B, C, and D. At the start of a particular day, there are 8, 8, 6, and 3 tractors available at those terminals, respectively. During the previous night, trailers were loaded at plants R, S, T, and U. The number of trailers at each plant is 2, 12, 5, and 6, respectively. The company dispatcher has determined the distances between each terminal and each plant, as follows.
Timely Delivery– primewritersbay.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
Customer satisfaction- Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Writing services provided by experts- Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy Please Note-You have come to the most reliable academic writing site that will sort all assignments that that you could be having. We write essays, research papers, term papers, research proposals. The Shamrock Transportation Company has four terminals
1) Computer security is essential to the protection of personal information and your company’s intellectual property. Please name some common procedures companies use to prevent business assets. Make sure to use real examples and share any resources you have studied?
Timely Delivery- primewritersbay.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
Customer satisfaction- Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Writing services provided by experts- Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy Please Note-You have come to the most reliable academic writing site that will sort all assignments that that you could be having. We write essays, research papers, term papers, research proposals.
Now that you have finished your analyses, Gregory would like you to examine Quantigration’s company values. (Read the article “How to Write a Company Value Statement That Will Achieve Strategic Impact” in the Supporting Materials section for more information on how company value statements can motivate employees and reflect company objectives.)
Review the three company values Gregory has given you:
Family: Everyone who works here is part of the Quantigration family.
Process: Following processes will result in quality products.
Consider each company value from the viewpoint of each selected culture from your cultural analysis. Think about how these values relate to the cultural values you have uncovered in each of the countries you analyzed. Then, write a brief reaction for Gregory that examines the values.
For each company value, write a 200-word summary explaining whether it does or does not represent the values of the three cultures you have examined, providing specific reasons why or why not. In particular, ask yourself the following:
Which company values align closely with the values of the cultures?
Are there any values that seem directly opposed to any of your selected cultures?
Would any of the company’s values cause tension for an employee coming from one of your selected countries?
You should also include recommended changes to the values to better align them to your own culture and the cultures you have selected to examine, and to encourage better intercultural interaction.
Timely Delivery– primewritersbay.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
Customer satisfaction- Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Writing services provided by experts- Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy Please Note-You have come to the most reliable academic writing site that will sort all assignments that that you could be having. We write essays, research papers, term papers, research proposals. Gregory would like you to examine Quantigration’s company values.
Paradise Products INC is a company that is engaged in the distribution of exotic Caribbean Cuisine of high quality to European markets. Quality and reliability are two critical success factors. Paradise Products has been using its website as it principal point of contact for its customers. Paradise Products INC recently won a substantial contract to supply a major chain in Europe, Marks and Spencers due to the growing popularity of Caribbean food among the population. To successfully fulfill this contract, Paradise Products INC is required pay greater attention to its productivity and quality standards to meet the price and response time requirements. You, as Marketing Manager, are expected to work closely with the Human Resource Managers of the four main suppliers to develop a reward system that will enable greater reliability with respect to response time and assure quality and compliance with HACCAP[1] requirements.
Outline the factors that Paradise Products INC must consider in the design of such a reward system to ensure its success, i.e., to ensure that the programme is beneficial to both the employees and the supplier company and
Develop a draft proposal for consideration by the Board and Management of each company. In your proposal you should indicate:
o Whether and why the Plan should be group based or individual based
o Whether incentive pay should fully replace traditional pay and the reasons for this recommendation
o The criteria by which performance will be judged and how will this be communicated and disseminated to staff and their supervisors
o The administration of the reward system, i.e. whether short or long term and whether the pay-outs should match the production cycle and the required delivery schedules
Timely Delivery– primewritersbay.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
Customer satisfaction- Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Writing services provided by experts- Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy Please Note-You have come to the most reliable academic writing site that will sort all assignments that that you could be having. We write essays, research papers, term papers, research proposals. Paradise Products INC is a company that is engaged in the distribution of exotic Caribbean Cuisine of high quality to European markets
If you have you been involved with a company doing a redesign of business processes, discuss what went right during the redesign and what went wrong from your perspective. Additionally, provide a discussion on what could have been done better to minimize the risk of failure. If you have not yet been involved with a business process redesign, research a company that has recently completed one and discuss what went wrong, what went right, and how the company could have done a better job minimizing the risk of failure.
Your paper should meet the following requirements:
• Be approximately 4-6 pages in length, not including the required cover page and reference page.
• Follow APA7 guidelines. Your paper should include an introduction, a body with fully developed content, and a conclusion.
• Support your answers with the readings from the course and at least two scholarly journal articles to support your positions, claims, and observations, in addition to your textbook. The UC Library is a great place to find resources.
• Be clearly and well-written, concise, and logical, using excellent grammar and style techniques. You are being graded in part on the quality of your writing
Customer satisfaction- Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Writing services provided by experts- Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy Please Note-You have come to the most reliable academic writing site that will sort all assignments that that you could be having. We write essays, research papers, term papers, research proposals. Company doing a redesign of business processes
Assignment Details: With continuous innovation, ever-faster, more-powerful chip designs, and a business plan riveted on supplying the $300 billion personal computer (PC) and tablet industries, Intel Corporation dominates the high-end market in microprocessors. After being forced out of the dynamic random access memory (DRAM) chip business by Japanese rivals in 1986, Intel reinvented itself as the lead supplier of microprocessors for PCs. Intel has an 85 percent market share in the microprocessor chips for laptops. In addition, Intel sells 90 percent of the chip sets that control the flow of data from the microprocessor to the display screens, modems, and graphical user interfaces (GUIs). Its market dominance provides it with enormous economies of scale in production and increasing returns on its marketing expenditures because of network effects. The result is high markups and margins; for example, Intel has at times earned as much as 25 percent net profit margin return on invested capital in microprocessors.
Because intellectual property is the company’s most important asset, Intel protects its proprietary trade secrets about chip design and manufacture by using tight nondisclosure agreements with its customers. Some Intel chip bulk purchasers found, however, that Intel withheld vital information about technical specifications required to fully integrate the chips into new products unless it is given access to its customers’ new technologies. Intergraph, a maker of high-end workstations for media applications, alleged, for example, that Intel withheld information about subtle bugs in some Intel chips until Intergraph agreed to license its GUI technology to the chip supplier.
Intel’s high-end chips are designed to run Microsoft’s complex software for PCs and tablets. In 2007, 261 million units were shipped on a 2.1 billion installed base of PCs. The market for digital telephones, handheld computers, video-game players, and set-top control boxes for digital televisions may be even bigger than the PC market. Such devices require inexpensive flash memory chips that quickly process data. Samsung and Advanced Micro Devices (AMD) are the leaders in this new chip segment. To break into this business, former Intel president Andy Grove says Intel must prepare to sell lower-end chip products for under $40, despite the fact that Intel’s chips previously sold for $87 to $200.]
Question:
After reading the section titled “Dominant Microprocessor Company Intel Adapts to Next Trend” List (3) reasons why Apple would depart from a dominant corporation like Intel. You must include an introduction that explains the course theory regarding monopolies – dominant firms. Although this assignment allows you to create a list, you must follow the APA style of writing and include research to support your list and place this information in your reference section.
Customer satisfaction- Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Writing services provided by experts- Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy Please Note-You have come to the most reliable academic writing site that will sort all assignments that that you could be having. We write essays, research papers, term papers, research proposals. Dominant Microprocessor Company Intel Adapts to Next Trend
Assessment One Weight: 20% Word limit: 500 words (minimum 475 words, maximum 525 words) Instructions: answer following questions
Evaluate and provide your comments regarding the following statement: Directors are the representatives of the shareholders of the entity/company. Should the directors always act in the best interests of the shareholders? Provide one example to support your arguments/opinion.
Identify 3 factors that ensure corporate governance is effective. Submission: • This is an individual assignment. • You need to provide at least 5 references to support your arguments or evaluation. • You should submit the answers to the Turnitin submission link provided on the Blackboard site
Customer satisfaction- Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Writing services provided by experts- Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy Please Note-You have come to the most reliable academic writing site that will sort all assignments that that you could be having. We write essays, research papers, term papers, research proposals. Directors are the representatives of the shareholders of the entity/company
Scenario: You are helping Mr. Manuel Handel at the civil construction company WAMCo Pty Ltd to compile a booklet that will set out clearly and fully for workers the WAMCo WHS consultation and communication processes in which they need and are required by law to be involved. • Study carefully the WAMCo Work, Health and Safety Management System (WHSMS) document. • The Consultation, Representation and Participation Policy (WHSMS, pp. 33-34) in particular may help you with this project. Some other sections in the WHSMS may also be of help. • Mr. Handel has determined that the existing content on consultation, representation and participation in the WHSMS is inadequate, and a new booklet setting out clearly the processes involved, for the benefit of the workers, needs to be created. He has asked you to compile a first draft of the booklet. • You may use the WAMCo WHSMS as a source of information, however you will need to look beyond the WHSMS to compile the booklet. • All answers must be in your own words, with no copying and pasting. • Source material may be quoted with proper attribution. The booklet must: Explain what participation and consultation is. (30-50 words) WAMCo Work, Health and Safety Management System (WHSMS) document
Customer satisfaction- Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Writing services provided by experts- Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy Please Note-You have come to the most reliable academic writing site that will sort all assignments that that you could be having. We write essays, research papers, term papers, research proposals. Mr. Manuel Handel at the civil construction company WAMCo Pty Ltd
Using the Welch’s Company Trial Balance (provided), prepare an income statement, balance sheet, and statement of cash flow (for fixed assets, assume the change in the asset accounts are the additions and the change in the accumulated depreciation accounts is the depreciation).
Please submit this in excel.
For the next case studies, you must solve these as though you are writing a memo to upper management explaining your stance on the questions at hand. Please do this is memo format. Note: Each case study should have its own memo.
Case Study #2:
Danville Bottlers is a wholesale beverage company. Danville used the FIFO inventory method to determine the cost of its ending inventory. Ending inventory quantities are determined by a physical count. For the fiscal year end June 30, 2018, ending inventory was originally determined to be $3,265,000. However, on July 17, 2018, John Howard, the company’s controller, discovered an error in the ending inventory count. He determined that the correct ending inventory amount should be $2,600,000.
Danville is a privately owned corporation with significant financing provided by a local bank. The bank requires annual audited financial statements as a condition of the loan. By July 17, the auditors had completed their review of the financial statements which are schedule to be issued on July 25. They did not discover the inventory error.
John’s first reaction was to communicate his finding to the auditors and to revise the financial statements before they are issued. However, he knows that his and his fellow workers’ profit-sharing plans are based on annual pretax earnings and that if he revises the statements, everyone’s profit sharing bonus will be significantly reduced.
Required:
1) Why will bonuses be negatively affected? What is the effect on pretax earnings?
2) If the error is not correct in the current year and is discovered by the auditors during the following year’s audit, how will it be reported in the company’s financial statements?
3) Discuss the ethical dilemma John Howard faces.
Case Study #3:
Corporations frequently invest in securities issued by other corporations. Some investments are acquired to secure a favorable business relationship with another company. On the other hand, others are intended only to earn an investment return from the dividends or interest the securities pay or from increase in the market prices of the securities – the same motivations that might cause you to invest in stocks, bonds, or other securities. This diversity in investment objectives means no single accounting method is adequate to report every investment.
Merck & Co., Inc. invests in securities of other companies. Access Merck’s 2015 10K (which includes financial statements) using EDGAR at www.sec.gov. Note: Merck’s 2015 financial statements were issued prior to the effective date of ASU 2016-01, so do not be surprised by the fact that Merck includes equity investments amount it’s available for sale investments.
Required:
1) What is the amount and classification of any investment securities reported on the balance sheet? In which current and noncurrent asset categories are investments reported by Merck? What criteria are used to determine the classification?
2) How are unrealized gains or losses reports? Realized gains and losses?
3) Are any investments reported by the equity method?
4) What amounts from equity method investments are reported in the comparative income statements?
5) Are cash flow effects of these investment reflected in the company’s comparative statements of cash flows? If so, what information is provided by this disclosure?
Case Study #4:
The following appeared in the October 15, 2018, issue of the Financial Smarts Journal:
This announcement is not an offer of securities for sale or an offer to buy securities.
New Issue
October 15, 2018
$750,000,000
Craft Foods, Inc.
7.75% Debentures Due October 1, 2028
Price 99.57%
Plus accrued interest if any from date of issuance
Copies of the prospectus and the related prospectus supplement may be obtained from such of the undersigned as may legally offer these securities under applicable securities laws.
Required:
1) Explain what is being described by the announcement.
2) Can you think of a psychological reason for the securities to be priced as they are?
3) What are the accounting considerations for Craft Foods, Inc.? Describe how Craft recorded the sale?
Case Study #5:
Access the 2015 financial statements and related disclosure notes of Ford Motor Company from its website at corporate.ford.com.
Required:
1) In Note 21, find Ford’s net deferred tax asset or liability. What is the number?
2) Does Ford show a valuation allowance against deferred tax assets? If so, what is the number, and what is Ford’s explanation for it?
3) Does Ford have any NOL carryforwards? What is the amount of any carryforward, what deferred tax asset or liability is associated with it, and what effect tax rate does that imply was used to calculate its deferred tax effect?
Case Study #6:
Refer to the 2015 financial statements and related disclosure notes of FedEx Corporation. The financial statements can be found at the company’s website (www.fedex.com).
Required:
1) What pension and other post retirement benefit plans does FedEx sponsor for its employee’s? Explain.
2) What amount does FedEx report in its balance sheet for its pension and other postretirement benefit plans? Explain.
3) FedEx reports three actuarial assumptions used in its pension calculations. Did reported changes in those assumptions from the previous year increase or decrease the projected benefit obligation? What?
Case Study #7:
You are assistant controller of Stamos and Company, a medium size manufacturer or machine parts. On October 22, 2017, the board of directors approved a stock option plan for key executives. On January 1, 2018, a specific number of stock options were granted. The options were exercisable between January 1, 2020, and December 31, 2024, at 100% of the quoted market price at the grant date. The service period is for 2018 through 2020.
Your boss, the controller, is on of the executives to receive options. Neither he nor you have had occasion to deal with GAAP on accounting for stock options. He and you are aware of the traditional approach your company used years ago but do not know the newer method. Your boss understands how options might benefit him personally but wants to be aware also of how the options will be reported in the financial statements. He has asked you for a one-page synopsis of accounting for stock options under the fair value approach. He instructed you, “I don’t care about the effect on taxes or earning per share – just the basics, please.”
Required:
Prepare such a report that includes the following:
1) At what point should the compensation cost be measured? How should it be measured?
2) How should compensation expense be measured for the stock option plan in 2018 and later?
3) If options are forfeited because an executive resigns before vesting, what is the effect of that forfeiture of the stock options on the financial statements?
4) If options are allowed to lapse after vesting, what is the effect on the financial statements?
Customer satisfaction- Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Writing services provided by experts- Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy Please Note-You have come to the most reliable academic writing site that will sort all assignments that that you could be having. We write essays, research papers, term papers, research proposals. Welch’s Company Trial Balance