Question 1
1. Biven Corporation's balance sheet and income statement appear below: BALANCE SHEETS 2006 2005 ASSETS Cash & equivalents $35,000 $30,000 Accounta receivable 54,000 49,000 Inventory 67,000 58,000 Plant & equipment 580,000 530,000 Accumulated depreciation (316,000) (313,000) Total Assets $420,000 $354,000 LIABILITIES & EQUITIES Accounts payable $51,000 $57,000 Wages payable 26,000 24,000 Taxes payable 11,000 10,000 Deferred taxes payable 25,000 24,000 Bonds payable (long term) 77,000 90,000 Total liabilities 190,000 205,000 Common stock 33,000 30,000 Retained earnings 197,000 119,000 Total equities 230,000 149,000 Total liabilities & equities $420,000 $354,000 INCOME STATEMENTS 2006 2005 Sales $620,000 $520,000 Cost of goods sold 381,000 300,000 Gross margin 239,000 220,000 Selling & Admin expense 103,000 99,000 Net operating income 136,000 121,000 Gain on sale of plant & equipment 20,000 - Income before tax 156,000 121,000 Income tax 47,000 36,000 Net income $109,000 $85,000 Cash dividends were $31,000. The company sold equipment for $20,000. The equipment had originally cost $14,000 and was fully depreciated. Required: Prepare a statement of cash flows for 2006 using the indirect and direct methods. 2. Biven Corporation's balance sheet and income statement appear below: Increase BALANCE SHEETS (Decrease) 2006 2005 Amount Percent ASSETS Cash & equivalents $35,000 $30,000 Accounta receivable 54,000 49,000 Inventory 67,000 58,000 Plant & equipment 580,000 530,000 Accumulated depreciation (316,000) (313,000) Total Assets $420,000 $354,000 LIABILITIES & EQUITIES Accounts payable $51,000 $57,000 Wages payable 26,000 24,000 Taxes payable 11,000 10,000 Bonds payable 77,000 90,000 Deferred taxes 25,000 24,000 Total liabilities 190,000 205,000 Common stock 33,000 30,000 Retained earnings 197,000 119,000 Total equities 230,000 149,000 Total liabilities & equities $420,000 $354,000 INCOME STATEMENTS 2006 2005 Sales $620,000 $520,000 Cost of goods sold 381,000 300,000 Gross margin 239,000 220,000 Selling & Admin expense 103,000 99,000 Net operating income 136,000 121,000 Gain on sale of plant & equipment 20,000 - Income before tax 156,000 121,000 Income tax 47,000 36,000 Net income $109,000 $85,000 Cash dividends were $31,000. The company sold equipment for $20,000. The equipment had originally cost $14,000 and was fully depreciated. Required: Fill in the Amounts and Percent of change in the balance sheet and income statements. 3. Espinola Corporation's most recent balance sheet and income statement appear below: BALANCE SHEETS 2006 2005 ASSETS Cash & equivalents $320,000 $180,000 Accounta receivable 220,000 240,000 Inventory 140,000 130,000 Prepaid expenses 20,000 20,000 Total current assets 700,000 570,000 Plant & equipment, net 860,000 920,000 Total Assets $1,560,000 $1,490,000 LIABILITIES & EQUITIES Accounts payable $200,000 $170,000 Accrued payable 80,000 80,000 Notes payable, current 40,000 40,000 Total current liabilities 320,000 290,000 Bonds payable 210,000 220,000 Total liabilities 530,000 510,000 Preferred stock, $100 par value, 5% 100,000 100,000 Common stock, $1 par value 100,000 100,000 Additional paid in capital, common stock 150,000 150,000 Retained earnings 680,000 630,000 Total equities 1,030,000 980,000 Total liabilities & equities $1,560,000 $1,490,000 INCOME STATEMENT 2006 Sales $1,220,000 Cost of goods sold 790,000 Gross margin 430,000 Selling & Admin expense 268,000 Net operating income 162,000 Interest expense 26,000 Income before tax 136,000 Income tax 41,000 Net income 95,000 Dividends paid, preferred 5,000 Net income for common shareholders 90,000 Dividends paid, common 40,000 Net income added to retained earnings 50,000 Beginning retained earnings 630,000 Ending retained earnings $680,000 Other: Market value of stock end of year $12.87 Tax rate 30% Bond interest 10% Return demanded on preferred stock 10% Return demanded on common stock 14% Required compute the following for 2006 : a. Gross margin percentage. b. Earnings per share (of common stock). c. Price-earnings ratio. d. Dividend payout ratio. dividend per share dividend payout ratio e. Dividend yield ratio. f. Return on total assets. after tax cost of interest average total assets return on total assets g. Return on common stockholders' equity. average stockholders equity average preferred stock return on equity h. Book value per share. i. Working capital. j. Current ratio. k. Acid-test ratio. l. Accounts receivable turnover. m. Average collection period (days). n. Inventory turnover. o. Average sale period (days). p. Times interest earned. q. Debt-to-equity ratio. r. Show that financial leverage is positive or negative.,This is the one I am in desperate need of. The one that starts off with "Biven Corporation's balance sheet....",Hi, Are you working on this one?,This is the one I am in desperate need of. Are you going to work on this one? Thank you.
Question 4
Great Value Hardware Stores, has come to you for assistance in evaluating an opportunity to purchase a controlling interest in a hardware store in a neighboring city. The store under consideration is a closed held family corporation. Owners of 60% of the shares are willing to sell you the 60% interest, 30,000 common stock shares in exchange for 7,5000 of Great Value shares, which have a fair value of $40 each and a par value of $10 each. Your client sees this as a good opportunity to enter a new market. The controller of Great Value knows, however, that all is not well with the store being considered. The store, Al?s Hardware, has not kept paced with the market and has been losing money. It also has a major lawsuit against it stemming from alleged faulty electrical components it supplied that caused a fire. The store is not insured for the loss. Legal counsel advises that the store will likely pay $300,000 in damages. The following balance sheet was provided by Al?s Hardware as of December 31, 2011: Assets Liabilities and Equity Cash $180,000 Current Liabilities $425,000 Accounts Rec $460,000 8% Mortgage Payable $600,000 Inventory $730,000 Common Stock ($5 par) $250,000 Land $120,000 Paid-in capital in Building $630,000 excess of par $750,000 Accum Dep-Bldg ($400,000) Retained Earnings ($80,000) Equipment $135,000 Total L & E $1,945,000 Accum Dep-Equip ($85,000) Goodwill $175,000 Total Assets $1,945,000 Your analysis raises substantial concern about the values shown. You have gathered the following information: ? Aging of the accounts receivable reveals a net realizable value of $350,000 ? The inventory has many obsolete items, fair value is $600,000 ? Appraisals for long-lived assets are as follows: Land $100,000 Building $300,000 Equipment $100,000 ? The goodwill resulted from the purchase of another hardware store that has since been consolidated into the existing location. The goodwill was attributed to customer loyalty ? Liabilities are fairly stated except that there should be a provision for the estimated loss on the lawsuit On the basis of your research, you are convinced that the statements of Al?s Hardware are not representative and need major restatement. Your client is not interested in being associated with statements that are not accurate. Your client asks you to make recommendations on two concerns: 1. Does the price asked seem to be a real bargain? Consider the fair value of the entire equity of Al?s Hardware; then decide if the price is reasonable for a 60% interest. 2. If the deal were completed, what accounting methods would you recommend either on the books of Al?s Hardware or in the consolidation process? Al?s Hardware would remain a separate legal entity with a substantial noncontrolling interest
Question 5
You are the new HR Business Partner at a fictitious medium-size organization and it is your job to create an original (not copied from the text or other sources) handbook with many of the tools needed in the strategic staffing process. The body of the project should develop the following staffing tools: ? A definition of strategic staffing that supports the requirements of the organization. ? A description of the job analysis process and an example job analysis format. ? The approach to posting a position and the related rationale for taking that approach. Plus, a short example job posting. ? An example application form and an explanation of how it should be implemented and related reasoning for the approach recommended. Make sure your application form contains only legally permitted inquiries. (The corrected application form from Week 6 cannot be used.) ? Layout the interview process: (a) what is the organization?s interview philosophy? (b) provide some examples of good (non-generic and legally acceptable) interview questions. You may use some or all of the questions from your interview questions assignment (Week 5) as long as you did not receive feedback that they were generic. The questions from that assignment, however, were specific to a position you chose so you may want to standardize them to make them broader in scope. In other words, you are giving managers good examples of, perhaps, behavioral and/or situational questions that they could then customize for various positions. ? Describe the organization philosophy and approach to pre-employment testing and assessment (performance, background/criminal, drug, etc.). ? Add in three staffing other elements that you feel are important to the staffing process. (If you are experiencing challenges with the final section [three other staffing elements] try using the Index or Table of Contents from the textbook for ideas. That way you won't accidentally include topics such as "termination" or "discipline" as these are not part of staffing.) The course project should be between 10-12 full pages in length, double-spaced. The following are the best practices in preparing this final version of the project. ? Cover Page - Include your name, course number, and the date. ? Table of Content - List the main ideas and section of your project and the pages in which they are located. Any illustrations should be included separately. ? Introduction - Your introduction should include: o Introduce the subject and why the subject is important. o Preview the main ideas and the order in which they will be covered. o Establish a tone of the document. ? Body of Your Report - Use a header titled with the name of your project. Then proceed to break out the main ideas. State the main ideas, state major points in each idea, and provide evidence. Break out each main idea you will use in the body of your project. Show some type of division like separate sections that are labeled; separate group of paragraphs; or headers. You would include the information you found during your research and investigation. ? Summary and Conclusion - Summarizing is similar to paraphrasing but presents the gist of the material in fewer words than the original. An effective summary identifies the main ideas and major support points from the body of your report. Minor details are left out. Summarize the benefits of the ideas and how they affect the staffing industry. ? Work Cited - Use APA citation format as specified in the Syllabus. No more than 10% of the total project can be from borrowed material and must be properly cited via APA. Review the APA materials provided in the Syllabus and Student Resources, as needed. Your instructor may submit your work to TurnItIn. Any uncited material or excessive cited material (above the 10% minimum) can seriously jeopardize points earned (beyond the Documenting and Formatting section of the rubric). HRM410 Course Draft and Final Version REQUIRED Template Student Name: Type your name here Instructions: ? Use this required template for the Week 3 Draft of your project (your Handbook below must be 25% completed for full-points consideration) and 100% complete for the Week 7 final version. ? Remember, this is a Staffing Handbook, not an Employee Handbook ? Remember that no more than 10% of the completed Handbook can be from borrowed material (so plan accordingly on any borrowed material used in the draft). The majority of the Handbook must be original?meaning written by the student. ALL sources used (textbook, Internet, etc.) must be cited via proper APA citations (both in-text with quotation marks and a References section). This includes any forms or samples in the Handbook. Everything in the Handbook will count towards the ?no more than 10% borrowed? requirement, including forms. It is advisable if you create these yourself. ? See the Course Project tab for lengthier descriptions of each section. The specifics of the requirements of each section are NOT included here. ? Text font can be no larger than 12. ? You do not need to include a table of contents. ? Be sure to insert your fictitious company name, where needed, in the Handbook below. ? Your Handbook must be full 10-12 pages (not including this page, the cover page, or any reference page), double-spaced. You may single-space any forms or samples you create. ? Note that the spacing placed between sections is for illustration purposes only. Some sections you write may be longer than others. However, remember the final page count of text required (10-12 full pages). ? Save this document with the following title for the Draft/Week 3: LASTNAME_HRM410_Draft_CourseProject.doc (or .docx) ? Save your finalized Course Project/Week 7 with the following title: LASTNAME_HRM410_Final_ CourseProject.doc (or .docx) Proceed to the next page to begin creating your Handbook. ? STAFFING HANDBOOK COMPANY NAME HERE Handbook Date: Month/Year ? OUR DEFINITION OF STRATEGIC STAFFING JOB ANALYSIS OUR APPROACH TO THE JOB ANALYSIS PROCESS EXAMPLE OF JOB ANALYSIS FORM POSTINGS OUR APPROACH TO POSTING POSITIONS BRIEF SAMPLE OF AN INTERNAL JOB POSTING APPLICATION PROCESS OUR APPLICATION FORM HOW THE APPLICATION FORM IS UTILIZED (THE PROCESS) AND RATIONALE INTERVIEWING PROCESS OUR INTERVIEWING PHILOSOPHY EXAMPLES OF LEGALLY ACCEPTABLE, NON-GENERIC INTERVIEWING QUESTIONS PRE-EMPLOYMENT ASSESSMENTS ORGANIZATIONAL PHILOSPHY TO PRE-EMPLOYMENT TESTING AND ASSESSMENT HEADER SUB-HEADER Add in three other elements that you feel are important to the staffing process. Use the Header and Sub-Header above and create more if needed (renaming them to reflect your three other elements). Remove these instructions from your Handbook. ? References Instructions: ? List any sources (in APA format) you used in your Handbook for material you did not write, including material from the textbook, the Internet, or any other source. ? As a reminder, no more than 10% of the content above in your completed Handbook can be borrowed. The rest must be written by you. ? Any References listed below MUST also be cited within the text above (within your Handbook) with quotation marks and the source noted and vice versa. (In other words, you must have any sources noted in your Handbook included here and any sources noted here must be cited in-text in the Handbook as well.) ? Remove these instructions from this section after you have completed your References list. You are the new HR Business Partner at a fictitious medium-size organization and it is your job to create an original (not copied from the text or other sources) handbook with many of the tools needed in the strategic staffing process. The body of the project should develop the following staffing tools: ? A definition of strategic staffing that supports the requirements of the organization. ? A description of the job analysis process and an example job analysis format. ? The approach to posting a position and the related rationale for taking that approach. Plus, a short example job posting. ? An example application form and an explanation of how it should be implemented and related reasoning for the approach recommended. Make sure your application form contains only legally permitted inquiries. (The corrected application form from Week 6 cannot be used.) ? Layout the interview process: (a) what is the organization?s interview philosophy? (b) provide some examples of good (non-generic and legally acceptable) interview questions. You may use some or all of the questions from your interview questions assignment (Week 5) as long as you did not receive feedback that they were generic. The questions from that assignment, however, were specific to a position you chose so you may want to standardize them to make them broader in scope. In other words, you are giving managers good examples of, perhaps, behavioral and/or situational questions that they could then customize for various positions. ? Describe the organization philosophy and approach to pre-employment testing and assessment (performance, background/criminal, drug, etc.). ? Add in three staffing other elements that you feel are important to the staffing process. (If you are experiencing challenges with the final section [three other staffing elements] try using the Index or Table of Contents from the textbook for ideas. That way you won't accidentally include topics such as "termination" or "discipline" as these are not part of staffing.) The course project should be between 10-12 full pages in length, double-spaced. The following are the best practices in preparing this final version of the project. ? Cover Page - Include your name, course number, and the date. ? Table of Content - List the main ideas and section of your project and the pages in which they are located. Any illustrations should be included separately. ? Introduction - Your introduction should include: o Introduce the subject and why the subject is important. o Preview the main ideas and the order in which they will be covered. o Establish a tone of the document. ? Body of Your Report - Use a header titled with the name of your project. Then proceed to break out the main ideas. State the main ideas, state major points in each idea, and provide evidence. Break out each main idea you will use in the body of your project. Show some type of division like separate sections that are labeled; separate group of paragraphs; or headers. You would include the information you found during your research and investigation. ? Summary and Conclusion - Summarizing is similar to paraphrasing but presents the gist of the material in fewer words than the original. An effective summary identifies the main ideas and major support points from the body of your report. Minor details are left out. Summarize the benefits of the ideas and how they affect the staffing industry. ? Work Cited - Use APA citation format as specified in the Syllabus. No more than 10% of the total project can be from borrowed material and must be properly cited via APA. Review the APA materials provided in the Syllabus and Student Resources, as needed. Your instructor may submit your work to TurnItIn. Any uncited material or excessive cited material (above the 10% minimum) can seriously jeopardize points earned (beyond the Documenting and Formatting section of the rubric). HRM410 Course Draft and Final Version REQUIRED Template Student Name: Type your name here Instructions: ? Use this required template for the Week 3 Draft of your project (your Handbook below must be 25% completed for full-points consideration) and 100% complete for the Week 7 final version. ? Remember, this is a Staffing Handbook, not an Employee Handbook ? Remember that no more than 10% of the completed Handbook can be from borrowed material (so plan accordingly on any borrowed material used in the draft). The majority of the Handbook must be original?meaning written by the student. ALL sources used (textbook, Internet, etc.) must be cited via proper APA citations (both in-text with quotation marks and a References section). This includes any forms or samples in the Handbook. Everything in the Handbook will count towards the ?no more than 10% borrowed? requirement, including forms. It is advisable if you create these yourself. ? See the Course Project tab for lengthier descriptions of each section. The specifics of the requirements of each section are NOT included here. ? Text font can be no larger than 12. ? You do not need to include a table of contents. ? Be sure to insert your fictitious company name, where needed, in the Handbook below. ? Your Handbook must be full 10-12 pages (not including this page, the cover page, or any reference page), double-spaced. You may single-space any forms or samples you create. ? Note that the spacing placed between sections is for illustration purposes only. Some sections you write may be longer than others. However, remember the final page count of text required (10-12 full pages). ? Save this document with the following title for the Draft/Week 3: LASTNAME_HRM410_Draft_CourseProject.doc (or .docx) ? Save your finalized Course Project/Week 7 with the following title: LASTNAME_HRM410_Final_ CourseProject.doc (or .docx) Proceed to the next page to begin creating your Handbook. ? STAFFING HANDBOOK COMPANY NAME HERE Handbook Date: Month/Year ? OUR DEFINITION OF STRATEGIC STAFFING JOB ANALYSIS OUR APPROACH TO THE JOB ANALYSIS PROCESS EXAMPLE OF JOB ANALYSIS FORM POSTINGS OUR APPROACH TO POSTING POSITIONS BRIEF SAMPLE OF AN INTERNAL JOB POSTING APPLICATION PROCESS OUR APPLICATION FORM HOW THE APPLICATION FORM IS UTILIZED (THE PROCESS) AND RATIONALE INTERVIEWING PROCESS OUR INTERVIEWING PHILOSOPHY EXAMPLES OF LEGALLY ACCEPTABLE, NON-GENERIC INTERVIEWING QUESTIONS PRE-EMPLOYMENT ASSESSMENTS ORGANIZATIONAL PHILOSPHY TO PRE-EMPLOYMENT TESTING AND ASSESSMENT HEADER SUB-HEADER Add in three other elements that you feel are important to the staffing process. Use the Header and Sub-Header above and create more if needed (renaming them to reflect your three other elements). Remove these instructions from your Handbook. ? References Instructions: ? List any sources (in APA format) you used in your Handbook for material you did not write, including material from the textbook, the Internet, or any other source. ? As a reminder, no more than 10% of the content above in your completed Handbook can be borrowed. The rest must be written by you. ? Any References listed below MUST also be cited within the text above (within your Handbook) with quotation marks and the source noted and vice versa. (In other words, you must have any sources noted in your Handbook included here and any sources noted here must be cited in-text in the Handbook as well.) ? Remove these instructions from this section after you have completed your References list. I will need this assignment completed by Saturday, September 17, 2011. Thank you.
