The entry to record the interest expense at December 31, 2020:The straight-line method is used to amortize bond discount or premium, and it is calculated by the following formula: Bond Discount or Premium = (Face Value of Bond - Proceeds from Bond Issue).
The bond discount is then amortized semi-annually using the straight-line method for 40 years, or 80 periods, or 5,812.50 per period. So, on December 31, 2020, the accrued interest was for six months, or two periods, so the amount recognized for interest expense is 5,812.50 × 2 = 11,625Journal entry to record the interest expense: Interest Expense 11,625Interest Payable 11,625(b) The entry to record the conversion on July 1, 2021:In order to compute the number of shares to be issued, the following formula can be used:
Number of Shares = Principal ÷ Conversion PricePrincipal is the face value of bonds outstanding: 15,500,000Conversion price is calculated using the following formula: Conversion Price = Face Value of Bond ÷ Number of Shares Face value of the bond is 15,500,000, and half of the bonds were converted into 58,000 shares, so the conversion price is: 15,500,000 ÷ (58,000 × 2) = 133.62As a result, the journal entry to record the conversion is: Bonds Payable 7,750,000Premium on Bonds Payable 465,000 Common Stock 7,429,000 (133.62 × 58,000 × 2)Accrued Interest Payable 204,350 ((15,500,000/2) × 12% × 6/12)Interest Payable 204,350 (204,350 × 2)
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In this team-based assignment, you have been brought in to assess whether Nucor should be the first adopter of a new technology. This requires a $340 million investment in a commercially unproven technology. If successful, Nucor can expand into the flat sheet segment that was previously a segment where only the large integrated steelmakers competed. This assignment requires that you combine qualitative information (e.g., industry and firm insights) with quantitative analysis in Excel (discounted cash flow analysis). I recommend that you assign team leads to each part. The final response requires that you weigh the various pieces of evidence together as a team and conclude with a final recommendation. The Excel cash flow parts contain three worksheets (Nucor thin slab analysis, projected integrated steelmaker modernize, and projected integrated steelmaker unmodernized spreadsheets). You are being asked to apply five complimentary types of analysis to the Nucor case: background analysis (brief industry and internal), cash flow analysis (a template is provided), scenario analysis (i.e., changes within the model), competitive analysis, and real option analysis (i.e., considerations outside the model). Your deliverable should be a memo of up to three single-spaced pages (plus attachments, such as the Excel sheet you used for the analysis). This memo should have five sections based on the numbered instructions below. Be sure to use subheadings, underlining, boldface or similar formatting to communicate your analysis and recommendations clearly and efficiently. NOTE: To encourage a fair distribution of work output, it is important that you specify who the team leads are for the various parts.
In this assignment, you will advise Ken Iverson, Nucor CEO, on whether to adopt SMS’s CSP process. In your memo to him, please address the following issues.
1. Cash Flow Analysis (from your previous assignment)
You already conducted cash flow analysis in your assignment #5. Include the results of this analysis in your group report.
In the given assignment, the team is required to assess whether Nucor should be the first adopter of a new technology that requires a $340 million investment. The analysis involves combining qualitative information and quantitative analysis using discounted cash flow analysis in Excel. The first part of the assignment involves including the results of the cash flow analysis conducted in assignment #5.
The cash flow analysis provides a comprehensive assessment of the financial implications of the investment in the new technology. It involves projecting the cash inflows and outflows associated with the implementation and operation of the technology over a specific period. By discounting these cash flows, the net present value (NPV) of the investment can be determined, which helps evaluate its financial viability. The cash flow analysis takes into account factors such as initial investment, operating costs, revenue projections, and discount rates to calculate the NPV.
Including the results of the cash flow analysis in the group report is crucial for providing a clear understanding of the financial implications of adopting the new technology. The analysis will help assess the profitability and feasibility of the investment, considering factors such as payback period, return on investment, and overall financial performance. By presenting the cash flow analysis, the team can provide a solid foundation for evaluating the potential benefits and risks associated with the investment decision.
In conclusion, incorporating the results of the cash flow analysis conducted in assignment #5 into the group report will provide valuable insights into the financial aspects of adopting the new technology. This analysis will help inform the overall assessment and recommendation regarding Nucor's decision to be the first adopter of the technology.
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Ceos & financial markets usually use the past year's return on equity as the main way to judge strategic performance. why can this be a problem?
The financial markets usually use the past year's return on equity as the main way to judge strategic performance because option b. ROE is really constrained by the long term asset and equity positions of a company, and therefore won't vary that much from period to period.
What is Return on Equity (ROE)?Return on Equity (ROE) is known to be that which is often used to measures the net profits gotten by a firm based on each dollar of equity investment that is also been contributed by shareholders.
Note that this is one that tends to be expressed in percentage form and thus, The financial markets usually use the past year's return on equity as the main way to judge strategic performance because option b. ROE is really constrained by the long term asset and equity positions of a company, and therefore won't vary that much from period to period.
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See options below
a. CEO decisions can dramatically improve ROE in the short run.
b. ROE is really constrained by the long term asset and equity positions of a company, and therefore won't vary that much from period to period
c. ROE is only relevant to shareholders, and is not meaningful to those who own a company's bonds
Peter and marcia, both age 34, can each pay $650 a year each on life insurance for themselves. about how much is the face value of the largest combination of policies they can buy? for age 34, a 10-year term for male is 1.45 and for female is 1.24. a 20-year term for male is 1.89 and female is 1.46. a. $1,945,000 b. $972,000 c. $789,000 d. $806,000 please select the best answer from the choices provided a b c d
The face value is $972000. All premiums paid are accustomed cowl the value of insurance protection. The term is also one, five, 10, 20 years, or longer.
With the age of the customer, the insurance premiums additionally rise. The younger. Similarly, the older your age is, the higher the insurance premium. Health Insurance Premium will increase with age because it is believed that with the rising age, possibilities of health issues conjointly rise, which is why consequently, the premium quantity will increase.
Generally, the older someone is, the upper the price of their insurance is. This can be a result of insurance policies area unit designed to pay a benefit once the insured passes away; the additional probably it's that the named insured can die throughout the policy amount, the upper rates are.
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what do you mean by Producer's Equilibrium ?????
Answer:
it is refered to as profit maximization condition
Answer:
it is refered to as profit maximization condition
It's ne Lilly unnie
As children, we just have one or two things, but as adults, we have a complete bag of balls that we are attempting to maintain in the aif. Consider all the roles you may be playingwife, mother, daughter, employee, student, military spouse fwhich, while technically a "wife" role, has its own unique issues, so I think we can call it out individuallyl. PTA member, church conmittee chair, blopeer, bock dub member, etc. In addition, the upcoming holiday saason will make you further busier. Last year, during the fall I was attending classes and learning a new job which was very complex. Being a full-time student along with working a full-time job can be chatlenging. Being able to balance work and school can be challenging because i feel like l've been prioritizing work above study. I need to earn money for school, so I must work. For scholarships and decent grades, I still need to continue my education. College is largely dependent on finances. You cannot obtain an education without money. In my case, not working will prevent me from having money or a good education. But I have found that being organized can make it a bit better. However, when learning a new job that is complex you can tend to get overwhelmed. Which happened to me, I felt like every time I completed an assignment at school that was difficult and time-consuming. I was faced with even a more difficult task at work. At times I felt like giving up and hiding trom the world and my responsibilities. The painful reminders that there Through completing the Business Writing Assignment, you constructed a workplace document and engaged in the writing process by taking your instructor's feedback and employing it to improve your assignment. It is important to take time to reflect on your own writing process to hone the process and use it to empower you to improve your process over time. Locate your Business Writing Assignment and evaluate what you wrote. Since this is a reflection, you can include your emotions and reactions, and use the first person ("I′′ ) to write your reflection. In a 550-word reflective response, complete the following elements:
- Discuss your experience writing your assignment, reviewing your instructor's initial feedback, and revising your response.
- Explain some of your writing process and what you thought worked well. - Also, detail some of what in your process you will look to improve for next time.
Writing the Business Writing Assignment was a challenging yet valuable experience. Receiving and implementing feedback from my instructor helped me improve my work, and I realized the importance of reflection and continuous improvement in my writing process.
Writing the Business Writing Assignment was a journey that involved multiple stages. Initially, I invested time and effort into constructing a workplace document, aiming to meet the assignment requirements. However, it was the process of reviewing my instructor's initial feedback that truly enhanced my understanding and propelled me towards improvement.
By carefully considering the feedback, I gained valuable insights into the strengths and weaknesses of my writing. It allowed me to identify areas that required refinement, such as clarity, organization, or the inclusion of specific details. Armed with this knowledge, I embarked on the revision phase, diligently incorporating the suggestions and making necessary adjustments.
Throughout the writing process, I found certain aspects of my approach to be effective. For instance, I appreciated the value of planning and outlining before diving into the actual writing. This allowed me to structure my ideas and ensure a logical flow in the document. Additionally, seeking feedback from peers or colleagues provided valuable perspectives and helped me fine-tune my work.
However, I recognize the need for improvement in certain areas of my writing process. One aspect I aim to enhance is time management. As the assignment coincided with a busy period in my life, I realized the importance of allocating dedicated time for writing, revising, and incorporating feedback. Improving this aspect will ensure a more balanced and efficient writing process in the future.
In conclusion, the experience of writing the Business Writing Assignment, coupled with the invaluable feedback from my instructor, taught me the significance of reflection and continuous improvement. Through careful analysis of my writing process, I identified strengths to build upon and areas to refine, emphasizing the importance of time management and seeking constructive feedback for future assignments.
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what is 1+1 its my homework
Answer:
2 :D lol
Explanation:
After reading the article on supermarket trends, what do you think? Have you noticed any of these trends over the last few years? Have you "fallen" for any of the marketing strategies used by food companies? Do you think these foods are "healthier"? Just curious.... what do you look for in a food product? What claims are important to you? Create a new thread and post your responses. (this should be 250 words minimum) Then, respond to at least 1 other student's post.
Supermarket trends have indeed been evolving over the past few years, driven by various factors such as consumer preferences, health consciousness, sustainability concerns, and technological advancements. Some prominent trends that have been observed include:
Increased focus on health and wellness: Consumers are becoming more conscious of their food choices and are seeking healthier options. This has led to a rise in demand for organic, natural, and plant-based products, as well as increased transparency in labeling and ingredient sourcing. Convenience and time-saving solutions: Busy lifestyles have contributed to the demand for convenient and ready-to-eat options. This has led to the growth of meal kits, pre-cut/prepared produce, and online grocery shopping with home delivery or pickup services. Personalization and customization: Food companies are leveraging technology to offer personalized recommendations and customizable products, catering to individual preferences and dietary restrictions.
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What should you NEVER do even if the email looks legitimate?
O Go directly to the website referenced by a link in the email
message.
O Delete the email message without reading it completely.
O Click a link in the email and then enter personal information
O Click a link in the email message and read information.
Which career pathways require workers to train at special academies?
EMTs and Emergency Dispatchers
Crossing Guards and Lifeguards
Police Officers and Firefighters
Lawyers and Judges
Answer:
Police Officers and Firefighters
Answer:
the correct answer would be police officers and firefighters
Explanation:
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The fixed costs of a business are $300,000 per
year and variable costs are $2.00 per unit. The
business sells 200,000 units per year at a selling
price of $5.00. The profit made per year is:
O $300,000
O $1,000,000
O $600,000
O $1,500,000
Answer:
$300,000
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What are the costs and benefits to employers of being responsive to the applicant's perspective throughout the selection process?
Answer:
Selection Process is the process of finding the best fit applicant for any position in an organization.
The benefits to employees for being responsive to the applicant's perspective throughout the selection process are:
a. It helps employers to understand the mindset of the applicant. Knowing the pulse(thinking process) of an applicant is very important.
b. It helps employers to select the right applicant.
c. It keeps them in good terms with the applicants. Even if an applicant does not get selected, he will not file a suit on the employer.
The cost to employees for being responsive to the applicant's perspective throughout the selection process are:
a. Being responsive to applicant will increases the chances of applicant misusing it. Which could be costly to employer.
b. Taking care of needs of the applicant's who come for interview is a cost to the company.
c. It takes lot of time and resources for the selection process per applicant which is a cost to the company.
Walter opens a motorcycle repair shop where he will not only repair motorcycles, but will also offer custom paint jobs, accessories and some t-shirts. When Walter opened his business, his primary objective was to:
You have examined photographs of Hoovervilles in different states. What do they show about life in Hoovervilles all across the country?In one or two sentences, explain what the photographs say about how people adjusted to Hooverville life.
Hooverville residents did the best they could under difficult circumstances. Hooverville residents formed their own communities and learned to fend for themselves. Hooverville residents tried to make their towns and lives as normal as possible.
Life in the Hoovervilles became pretty tough and those tried their first-class to get via as they may.
Life in Hoovervilles usually shared certain characteristics which include.
A resident dwelling in unsanitary situations
citizens being pressured to beg or depend upon charity for food
Hoovervilles have been created in the course of the top notch depression as thousands and thousands of human beings misplaced their jobs and have become too terrible to have enough money right housing. As a end result, they created ghettos where they could live on temporarily.
Living in these ghettos become difficult due to the fact:
situations were unsanitary - the housing was now not constructed as much as the proper wellknown and sewage systems were missing. This caused very unsanitary conditions and caused disorder.
food became scarce - the ones living within the ghetto have been normally unemployed and could not come up with the money for meals so they needed to beg for it from other people in addition to approach charitable businesses.
life is the belongings that distinguishes count with and with out biological tactics, such as signaling and self-sustaining methods, and is described by way of its ability for boom, response to stimuli, metabolism, electricity conversion, and duplicate.
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In which stage of the consumer decision-making process do social media users rely least on social commerce?
In the consumer decision-making process, social media users rely least on social commerce during the "Information Search" stage.
During this stage, consumers gather information about products or services that meet their needs or wants. They may consult different sources such as friends, family, online reviews, and social media.
While social media can provide valuable information and recommendations, it is not typically the primary source for making purchase decisions.
Social media platforms are often used for social interactions, entertainment, and sharing personal experiences. Users may engage with sponsored content or advertisements, but they may not rely solely on social media for gathering detailed product information or making purchases.
Instead, consumers tend to rely more on other sources during the information search stage, such as search engines, e-commerce websites, and review platforms. These sources offer a more comprehensive and structured approach to finding information and making informed decisions.
In conclusion, while social media can influence consumer decisions, social media users rely least on social commerce during the information search stage of the consumer decision-making process.
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government intervention is one possible solution for market failure. what is one possible reason why a government-controlled used car market may not provide an efficient outcome?
Correcting market failure issues related to public goods, outside costs and benefits, and perfectly competitive is one of the functions of government. It is always possible for government intervention to lower deadweight losses by bringing markets nearer to efficient solutions.
An outcome can only be accomplished if government actors focus on helping the economy rather than exploiting this option to obtain their personal incentives out of it if government intervention is taken to address market failure.
Government intervention:
Government intervention to correct market imperfections and regulate the macroeconomy may fall short of achieving a socially effective resource allocation. Government engagement in the economy that results in inefficiency and the improper use of limited resources is known as "government failure."
Government-controlled used automobile markets may not be able to achieve the efficient results that we anticipate since the government's incentives may not be in line with what market efficiency prefers.
Government players might have their own motivations that might not line up with the efficiency of the market, which is one cause why a government-controlled used automobile market might not produce an efficient result.
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What are stakeholders from Monopolistic competition, oligopoly, and monopoly?
Explanation:
Monopolistic competition
Monopolistic competition, many seller that differentiated products - products that differ slightly but sever similar purpose. By making consumer aware of product difference, seller exert some control over price.
Oligopoly
In an oligopoly, a few sellers supply sizable portion of products in the market. They exert some control over price, but because their products are similar, when one company lowers prices, the others follow .
Monopoly
In a monopoly, there is only one seller in the market. The market could be a geographical area, such as a city or a regional area, and does not necessarily have to be añ entire country. The single seller is able to control prices
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Suppose there are 1,000 hot pretzel stands operating in New York City. Each stand has the usual
U-shaped average-total-cost curve. The market demand curve for pretzels slopes downward, and the market for pretzels is in long-run competitive equilibrium. a. Draw the current equilibrium, using graphs for the entire market and for an individual pretzel stand. b. The city decides to restrict the number of pretzel-stand licenses, reducing the number of stands to only 800. What effect will this action have on the market and on an individual stand that is still operating? Draw graphs to illustrate your answer. c. Suppose that the city decides to charge a fee for the 800 licenses, all of which are quickly sold. How will the size of the fee affect the number of pretzels sold by an individual stand? How will it affect the price of pretzels in the city? d. The city wants to raise as much revenue as possible, while ensuring that all 800 licenses are sold. How high should the city set the license fee? Show the answer on your graph.
The figure below shows the current balance in the market for pretzels. The supply curve, \($S_I$\), intercross the demand curve at the price \($P_1$\). Each stand produces a quantity \($q_1$\) of pretzels, so the total number of pretzels produced is 1000×\($q_1$\) - Stands earn zero gain because the price is similar to the average total cost.
What is the law of supply?The law of supply is the microeconomic law that phases all other elements being equal, as the value of a good or service increases, the number of goods or services that suppliers propose will increase, and vice versa.
The figure below shows the current balance in the market for pretzels. The supply curve, \($S_I$\), intercross the demand curve at the price \($P_1$\). Each stand produces a quantity \($q_1$\) of pretzels, so the total number of pretzels produced is 1000×\($q_1$\) - Stands earn zero gain because the price is similar to the average total cost.
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Which statement best defines tuition?
Tuition is federal money awarded to a student.
Tuition is aid given to a student by an institution.
Tuition is money borrowed to pay for an education.
Tuition is the price of attending classes at a school.
Answer:
D
Explanation:
Edge 2021
The statement that best describes tuition is the price of attending classes at a school.
What is tuition?Tuition is the payment made by a student for instruction or lessons received at a college or university. The tuition payed by a student depends on:
the complexity of the course: the more complex the course is, the higher tuition would be.the duration of the course: the longer the course is, the higher tuition would be.To learn more about tuition, please check: https://brainly.com/question/16882987
i will give brainiest if right please answer, Parker wants to develop new food sources for less-developed countries. He was raised on a farm, but doesn't plan to be a farmer. What kinds of careers should he consider?
A potential negative result of trade agreements is
what is a main reason business needs government regulations? select one: a. to assist in executing worthwhile causes b. to protect the interest of society and consumers c. to help companies be successful d. to provide financial assistance when needed
b) Businesses need government regulations to protect society and consumers by ensuring ethical operations, fair competition, consumer safety, and environmental sustainability.
The main reason businesses need government regulations is to protect the interest of society and consumers. Regulations ensure that businesses operate ethically, responsibly, and in compliance with standards that safeguard public health, safety, and fair competition. Government regulations help prevent fraudulent practices, misleading advertising, and the exploitation of consumers. They set guidelines for product quality, environmental sustainability, and workplace safety, ensuring that businesses prioritize the well-being of individuals and communities. Regulations also promote fair competition by preventing monopolies, price-fixing, and anti-competitive practices that could harm consumers or stifle innovation. By establishing a level playing field, regulations foster trust and confidence in the marketplace. Moreover, regulations play a vital role in sectors such as finance, healthcare, and food safety, where public oversight is crucial to maintain stability, protect vulnerable populations, and prevent systemic risks. Overall, government regulations balance the interests of businesses with the broader welfare of society and consumers.
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Which is an example of an anticipatory breach?
A. A moving company delivers a person's furniture and belongings with some scratches and damages.
B. A painter uses a dark blue color instead of the light blue color the client requested to paint the client's bathroom.
C. A saleswoman sells a customer a kitchenware set but does not include the free steak knives that were promised.
D. A construction company determines it will not finish building a townhouse by the scheduled completion date.
Answer:
D. A construction company determines it will not finish building a townhouse by the scheduled completion date.
Explanation:
An anticipatory breach is when a party knows its not going to complete or be able to finish the works it needs to do by the terms mentioned in the contract.
_____ advertising is targeted at individuals who influence the purchase of goods and services used to make other products.
"Industrial" advertising is targeted at individuals who influence the purchase of goods and services used to make other products.
Industrial advertising is aimed at businesses or professionals involved in the procurement and decision-making process for industrial or business-to-business (B2B) products.
This type of advertising focuses on promoting products, services, or solutions that are utilized in the production, manufacturing, or operational processes of other companies. It aims to communicate the value, features, and benefits of these products to the specific audience, which may include engineers, procurement managers, or other professionals involved in the supply chain of industrial businesses.
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which is a list of pages that will be included in a website?
Answer:
car max
Explanation:
1. Homepage
The homepage is where all the action happens on your site. It’s the first thing visitors see, and it determines if an individual will browse around or say goodbye.
When crafting your homepage, you must think from the customer’s perspective. From navigation bars to images to copy, you control your visitors’ first impression.
Visitors should clearly understand the objective of your homepage in just a few seconds. You want them to see your logo with a visible call-to-action button.
CarMax implements this strategy flawlessly with simple copy and a self-explanatory header photo. Both new visitors and returning customers get user-friendly directions.
E5.9 Consolidation Eliminating Entries Several Years After Acquisition On January 1, 2016, Palomar Resorts acquired 65 percent of the stock of Sahara Hotel & Casino for $41.45 million in cash and stock. The date-of-acquisition fair value of the noncontrolling interest was $13.55 million. Sahara's book value on January 1,2016, was $4 million, consisting of $2.5 million of capital stock and $1.5 mil- lion of retained earnings. An evaluation of Sahara's assets and liabilities revealed the following: » Plant and equipment with a book value of $50 million had a fair value of $35 million. Remaining life 20 years, straight-line. Previously unrecorded favorable lease agreements had a fair value of $5 million. Remaining life 4 years, straight-line. » Gaming licenses with a book value of $1 million had a fair value of $8 million. Remaining life 7 years, straight-line. Deferred tax liabilities related to the nontaxable acquisition were estimated at $3 million. It is now December 31,2020, 5 years since the acquisition. Sahara's January 1, 2020 retained earnings balance is $12 million. Goodwill impairment through the end of 2019 is $3.6 million, and goodwill impairment for 2020 is $1 million. Reversals of deferred tax liabilities through the end of 2019 are $2.2 million. During 2020, additional reversals total $300,000. Sahara reported net income of $2.55 million in 2020, and declared and paid $200,000 in dividends. In your answers below, show amounts in thousands. Required a. Calculate goodwill at the date of acquisition, and its allocation to controlling and noncontrollin,g b. Calculate the December 31, 2020 balance for Palomar's investment in Sahara, assuming Palomar c. Prepare eliminating entries (C), (E), (R), (O) and (N) to consolidate the trial balances of Palomar and interests uses the complete equity method Sahara at December 31,2020.
a) Calculation of goodwill and its allocation to controlling and noncontrolling interest are shown below:Calculation of goodwillCash and stock paid to acquire 65% of Sahara's stock = $41,450,000 + (0.65 × $13,550,000) = $51,767,500Fair value of identifiable net assets acquired = [$50,000,000 + (4 × $5,000,000) + (7 × $1,000,000) - $3,000,000] = $72,000,000Goodwill = Cost of acquisition - Fair value of identifiable net assets= $51,767,500 - $72,000,000= ($20,232,500) Goodwill is allocated to controlling and noncontrolling interest as follows:
Control = 65%Noncontrolling = 35%Goodwill allocated to controlling interest = 65% × ($20,232,500) = $13,163,125Goodwill allocated to noncontrolling interest = 35% × ($20,232,500) = $7,069,375 b) Calculation of the December 31, 2020 balance for Palomar's investment in Sahara is as follows:Calculation of balance of Palomar's investment in SaharaParticularsAmount ($'000)Cash and stock paid to acquire 65% of Sahara's stock51,767Add: Proportionate share of Sahara's net income in 2020 (65% × $2,550)1,657Less: Dividends received from Sahara (65% × $200)130Less: Goodwill impairment for 2020 (65% × $1,000)650Balance of Palomar's investment in Sahara53,644 c) The eliminating entries (C), (E), (R), (O), and (N) to consolidate the trial balances of Palomar and interests using the complete equity method Sahara at December 31, 2020 are shown below:Eliminating entries (C), (E), (R), (O), and (N)ParticularsAmount ($'000)Eliminating entry (C):Sales revenue26,760Eliminating entry (E):Cost of sales (16,050)Eliminating entry (R):Goodwill impairment ($1,000 + $600)1,950Eliminating entry (O):Amortization of plant and equipment ($15,000 ÷ 20)750Eliminating entry (N):Depreciation of plant and equipment ($50,000 ÷ 20)2,500
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Case Study: NUDO PRODUCTS "ERP is a daunting task at any time but Nudo recognizes the exponential risks associated with going live at the peak of the construction season. Market Custom manufacturer of wall, ceiling, mezzanine, and decking paneling that produces product to stock and to a specific customer order. Currently manufactures their products at a single facility Problem In 2008, Nudo was acquired by a private equity firm. The new owner quickly brought in new management to formulate and implement a growth strategy. From the start the new management team realized they were handicapped by an old legacy system that did not meet the needs of a growing diversified manufacturing company. The legacy system did not provide multi-site support, WIP control, easy user access to information, and flexible production scheduling capabilities. As the company began to implement its growth strategy they were impacted by the economic downturn in the construction industry. Nonetheless the team could not wait. They needed a modern information system to support their growth strategies and they needed to move quickly. Solution In early 2010 the new management team conducted a search for a "vendor independent" ERP expert that could assist with their need to quickly transform their information system. They selected Ultra Consulting, experts in ERP selection projects for midmarket manufacturing companies. Most important to the management team was Ultra’s focus on reducing "time to benefit". They felt Ultra’s methodology could get them to the "finish line quicker" and it could be completed between season’s. Ultra’s process focused on current state documentation, educating the project team in ERP best practices, and the development of a detail futures state map and definition, all designed to expedite the selection and implementation process. Ultra facilitated a review of popular ERP products, so the team could quickly arrive at a short list of three vendors. After the initial round of demonstrations, the top ranking finalist presented a weeklong "day-in-the-life" walkthrough of the system incorporating Nudo’s proposed future state maps and business processes. By walking through this process, the Nudo team had a concrete understanding of how the system would work in their environment as well as a head start on the implementation process. Benefits through Ultra’s process, Nudo believes they made a more educated decision, bought a manageable solution that could evolve with their business model, as well as saving their people’s time and money. Nudo was able to complete the entire process from documenting their current and future state business processes, to selecting a final vendor in 3 months. After the contracts were signed, Ultra’s project manager had the Nudo team and the vendor team immersed in the implementation the following week. Because of the upfront time to focus on their business processes, Nudo was able to evaluate, select and implement a new information system in just 8 months from the initiation of the selection project. Nudo is expecting a significant return on their ERP investment. Ultra and the Nudo team are focused on achieving business performance improvement in: ∎ Productivity ∎ Supply chain ∎ Customer delivery ∎ Decision making as a result of their rapid ERP deployment. Questions 1. Read the case study and analyze the problems that exist with the legacy system at Nodu Company. 2. Illustrate the possible reasons that Nodu think to implement and use ERP system at the peak season of construction. 3. Construct Implementation life cycle approach by using MS. Visio.
Nudo Products faced several problems with their legacy system, including the lack of multi-site support, WIP control, easy user access to information, and flexible production scheduling capabilities. The system did not meet the needs of a growing diversified manufacturing company. Despite the economic downturn in the construction industry, Nudo decided to implement an ERP system during the peak season to support their growth strategies.
They recognized the need for a modern information system to overcome the limitations of the legacy system and enable faster transformation. They engaged Ultra Consulting to expedite the selection and implementation process, aiming to reduce "time to benefit" and achieve business performance improvement.
1. Problems with the legacy system:
The legacy system at Nudo Products lacked several essential features and capabilities required for a growing manufacturing company. These problems included:
Lack of multi-site support: The system couldn't handle multiple manufacturing facilities effectively.
Inadequate WIP (Work in Progress) control: There was a lack of visibility and control over the various stages of production, hindering efficient management of work in progress.
Difficult user access to information: Employees faced challenges in accessing relevant information easily, which hindered decision-making and productivity.
Limited production scheduling flexibility: The system lacked the capability to adapt production schedules efficiently, potentially leading to inefficiencies and delays.
Reasons for implementing ERP system during the peak season:
Despite the challenges posed by the peak construction season, Nudo decided to implement an ERP system due to several reasons:
Need for a modern information system: The legacy system was unable to meet the needs of a growing diversified manufacturing company. To support their growth strategies and overcome limitations, a modern information system was essential.
Time to benefit: Nudo recognized that implementing an ERP system quickly would provide them with significant benefits and improvements in productivity, supply chain management, customer delivery, and decision-making. They aimed to reduce the time required to realize these benefits by implementing the system during the peak season.
2. Implementation life cycle approach using MS Visio:
The specific details of constructing an implementation life cycle approach using MS Visio cannot be generated within the given constraints. However, MS Visio can be used as a diagramming tool to create visual representations of the various stages and steps involved in the implementation life cycle. This may include activities such as project initiation, requirements gathering, system design, development, testing, training, data migration, go-live, and post-implementation support. MS Visio can help in creating flowcharts, diagrams, and process maps to document and visualize the implementation life cycle approach for the ERP system at Nudo Products.
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Question 5 of 10
One example of a short-term savings strategy is:
A. a free checking account.
B. an employer-sponsored 401(k) plan.
C. a low-interest bank account.
D. a high-risk stock market investment.
SUBMIT
Answer:
A. a free checking account.
Explanation:
Saving involves putting money aside in a safe place for future use. Banks and financial institutions offer saving accounts as safe and secure platforms for firms and individuals to save.
A checking account is among the types of savings accounts offered by financial institutions. This type of savings account allows customers to save money that they do not wish to spend immediately. A checking account is risk-free and, therefore, a good strategy for short term saving.
Answer:
a low-interest bank account.
Explanation:
i got this right
if the cross price elasticity of demand between two goods is negative, then the two goods are independent. complements. unrelated. substitutes.
If the cross price elasticity of demand between two goods is negative, it indicates that the two goods are complements, meaning an increase in the price of one good leads to a decrease in the demand for the other.
The cross price elasticity of demand measures the responsiveness of the quantity demanded of one good to a change in the price of another good. If the cross price elasticity of demand is negative, it indicates that the two goods are complements.
Complementary goods are products that are typically consumed together or used in conjunction with each other. For example, coffee and creamer, or smartphones and mobile data plans. When the price of one complement rises, consumers tend to reduce their demand for that particular good. Consequently, this decrease in demand for one product leads to a decrease in the demand for the complementary good as well.
The negative cross price elasticity reflects the inverse relationship between the prices and quantities demanded of the two goods. As the price of one complement increases, consumers may find it less affordable or less attractive, resulting in a decrease in the quantity demanded of that good and, subsequently, a decrease in the quantity demanded of its complementary good.
Understanding the cross price elasticity of demand is crucial for businesses to determine the impact of price changes on the demand for their products and the potential effect on related goods in the market.
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free 27 points, come on up, and see if u can earn them- i act weird
Answer:
haha i am wierd too i feel u
Explanation:
Answer:
i shall win them and im wierd also.
Explanation:
What actions can people take to reduce hunger in local and global settings? Explain in details pls
Answer:
Kindly check explanation
Explanation:
Hunger often stems from poverty, Famine, inflation, war and so on. However, factors which often has a direct impact on food and coukd lead to hunger include poverty and Famine. To reduce or forestall this problem on a local and global scale, necessary steps which should be taken are those which tends to address the issue of food security. Which includes the empowerment of farmers and good funding and monitoring of the agricultural sector. Through this food cultivation could be done on a multi dimensional scale by providing support in terms of machinery, low interest loans in otter to enable farmers and other related stakeholders get access to the needs d capital for the development of their agricultural business. Also, good road network for easy transportation of farm produce. Alternative methods of watering such as irrigation farming should be upgraded as this could prove vital during periods of Rainfall shortage. The distribition of foods including adequate regularozation of prices is also key in other to prevent artificial inflation or scarcity in a bid to accrue higher profit.