Question 1
Exhibit 2.1 Bushman, Inc. Balance Sheet as of December 31, 2008 (In 000s) 2008 Assets: Current Assets $153,975 Other Assets 3,950 Gross Fixed Assets 138,283 Less: Accumulated Depreciation 48,806 Net Fixed Assets $ 89,477 Total Assets $247,402 Liabilities and Stockholders? Equity: Current Liabilities $ 83,646 Current Maturity Long-Term Debt 5,500 Total Current Liabilities $ 89,146 Long-Term Debt 55,753 Stockholders? Equity Common Stock $1 Par 3,106 Retained Earnings 99,397 Total Stockholders? Equity $102,503 Total Liabilities and Stockholders? Equity $247,402 Exhibit 2.2 Bushman, Inc. Income Statement for the Years Ending December 31, 2008 (In 000s) 2008 Net Sales $508,843 Cost of Goods Sold 329,486 Gross Profit $179,357 Selling, Distribution, and Administrative 129,246 Research and Development 12,466 Income Before Interest and Taxes $ 37,645 Interest Expense 8,021 Income Before Taxes $ 29,624 Federal and State Income Taxes 11,790 Net Income After Taxes $ 17,834 Exhibit 2.3 Bushman, Inc. Percentage Composition of Capital Structures for Selected Manufacturers in the Systems and Copier Industries Long-Term Preferred Stockholders? Debt Stock Equity Gaylord Enterprises 30.5% 4.1% 65.4% CSW Corporation 24.9 0.0 75.1 Welston, Inc. 25.2 1.1 73.7 Consol Royal 25.0 0.0 75.0 International Office 12.0 6.3 81.7 Exhibit 2.4 Bushman, Inc. Breakdown of Long-Term Debt as of December 31, 2008 (In 000s) Interest Rate Due Date Amount Terms 10.5% 2017 $13,000 Sinking fund of at least $1 million per year. Prepayment allowed. 12.0% 2012 18,000 Sinking fund of $3 million per year. No Prepayment allowed. 11.5% 2020 10,753 No sinking fund. Payable in full by July 31, 2020. 11.0% 2016 14,000 Sinking fund payment of $1.5 million. Prepayment allowed. $55,753 _____________________________________________________________________________ NOTE: The long-term borrowing agreement contains a group of restrictions on additional funded debt, working capital, the payment of dividends, and the purchase of the company?s stock. As of December 31, 2008, the amount of retained earnings available for dividends under the most restrictive agreement was $15,000,000. Exhibit 2.5 Bushman, Inc. Selected Ratios for the Systems and Copier Manufacturers for the Following Calendar Periods 2005 2006 2007 2008 Liquidity: 1. Current Ratio 1.60 1.62 1.64 1.61 2. Acid Test 1.20 1.19 1.23 1.20 3. Current Assets/Total Assets 60.4% 61.7% 62.1% 62.3% Activity: 1. Receivables Turnover 7.31X 7.24X 7.43X 7.50X 2. COGS/Inventory 6.20X 6.22X 6.24X 6.27X 3. Net Sales/Net Working Capital 7.47X 8.01X 8.04X 8.00X 4. Net Sales/Total Assets 2.00X 2.04X 2.08X 2.10X Leverage: 1. Total Debt/Total Assets 56.3% 56.3% 57.1% 57.9% 2. Debt/Net Worth 1.34 1.64 1.52 1.48 3. EBIT/Interest 4.32 3.96 3.88 4.01 Profitability: 1. COGS/Net Sales 65.8% 65.3% 65.6% 65.7% 2. Operating Profit/Net Sales 6.9% 7.0% 7.1% 6.8% 3. Profit Before Taxes/Net Sales 5.6% 5.7% 5.8% 5.5% 4. Profit Before Taxes/Total Assets 12.3% 12.6% 12.9% 13.1% 5. Profit Before Taxes/Net Worth 24.3% 25.2% 26.1% 26.0% 1. Determine the earnings per share assuming the issued securities are as follows: (A) Debentures (B) Common Stock (C) A 50-50 mix of debentures and common stock Note: Prepare your answer with earnings before interest and taxes (EBIT) of $30,000,000; $50,000,000; and $70,000,000. Assume that $75,000,000 of securities will be issued and that the marginal tax rate is 40 percent. What is the cross-over or breakeven EBIT?
Question 2
The next step in the research process is immersing oneself in the empirical literature on your research topic to determine the extent to which your research question (identified in Module 1) has been addressed. To this end, please use the Trident University CyberLibrary to conduct a literature search on your research topic. Remember, your goal is to discover the extent to which a knowledge gap exists with regard to your specific research question. Locate five peer-reviewed journal articles that present studies relevant to your topic, and synthesize these into a four-page paper that summarizes the ?current state of knowledge? with regard to your research question. Note specifically, 1. Study findings relative your research question (positive, negative, and inconclusive) 2. Any additional questions left unanswered by these studies 3. How addressing your research question would help to fill a knowledge gap (should your research question fall short of this, you may need to propose an alternative one) 4. The specific population to which your study will apply (and ultimately, your study?s targeted sample) Assignment Expectations: You are expected to consult the scholarly literature in preparing your paper; you are also expected to incorporate relevant background readings. Your paper should be written in your own words. This will enable me to assess your level of understanding. In order to earn full credit, you must clearly show that you have read ALL required background materials. Be sure to cite your references in the text of all papers and on the reference list at the end. For examples, look at the way the references are listed in the modules and on the background reading list. Proofread your paper to be sure grammar and punctuation are correct and that each part of the assignment has been address clearly and completely. Length: 4 pages typed, double-spaced. Note: Wikipedia is not an acceptable source of information.
Question 3
Looking for someone to write a 2 page article summary with powerpoint slide, details below.... Article Summary Format- The purpose of this assignment is to increase awareness of problems and issues facing managers and businesses in today's environment. The summary should be at least 2 double-space pages. Paste the summary into a discussion window and attach your PowerPoint slides to the same message thread. You can also attach your summary, too, since sometimes there are formatting issues, but I would like to have the summary pasted into the message window for easy reading. --Introduction (Abstract or Executive Analysis are fine too) --Major Points --Analysis (what was the author attempting to convey, and how well did he/she accomplish this) --Major Course Concepts --Insight Gained --Reference(s) (In APA format) 2 pages (Double Spaced) Written summary should include the following: 1. APA Citation-I have shown how you can access the proper citation in the video overview of the online library posted in the assignment area article assignment folder. 2. State the major points made in the article. 3. What was the author attempting to convey? Provide in your analysis how well the author accomplished his/her goal. 4. What major concepts from this course did this article address? 5. Did the article provide you with additional insight concerning this topic? Explain. 8 PowerPoint slides : 1. The first slide should include APA Citation bibliographical information on the article you chose. 2. The next slides should highlight the major points of the article. 3. The last slide should summarize the main point that you learned from this summary.
Question 4
Wise Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). Apr. 2 Purchased $13,300 of merchandise on credit from Negi Company, invoice dated April 2, terms 2/10, n/60. 3 Sold merchandise on credit to Brooke Sledd, Invoice No. 760, for $3,000 (cost is $2,000). 3 Purchased $1,380 of office supplies on credit from Madison, Inc. Invoice dated April 2, terms n/10 EOM. 4 Issued Check No. 587 to U.S. View for advertising expense, $999. 5 Sold merchandise on credit to Paul Kohr, Invoice No. 761, for $8,000 (cost is $6,500). 6 Received an $85 credit memorandum from Madison, Inc., for the return of some of the office supplies received on April 3. 9 Purchased $11,125 of store equipment on credit from Ned's Supply, invoice dated April 9, terms n/10 EOM. 11 Sold merchandise on credit to Amy Nilson, Invoice No. 762, for $9,500 (cost is $7,000). 12 Issued Check No. 588 to Negi Company in payment of its April 2 invoice, less the discount. 13 Received payment from Brooke Sledd for the April 3 sale, less the discount. 13 Sold $4,100 of merchandise on credit to Brooke Sledd (cost is $2,600), Invoice No. 763. 14 Received payment from Paul Kohr for the April 5 sale, less the discount. 16 Issued Check No. 589, payable to Payroll, in payment of sales salaries expense for the first half of the month, $9,750. Cashed the check and paid employees. 16 Cash sales for the first half of the month are $50,840 (cost is $33,880). (Cash sales are recorded daily from cash register data but are recorded only twice in this problem to reduce repetitive entries.) 17 Purchased $12,750 of merchandise on credit from Price Company, invoice dated April 17, terms 2/10, n/30. 18 Borrowed $50,000 cash from First State Bank by signing a long-term note payable. 20 Received payment from Amy Nilson for the April 11 sale, less the discount. 20 Purchased $730 of store supplies on credit from Ned's Supply, invoice dated April 19, terms n/10 EOM. 23 Received a $400 credit memorandum from Price Company for the return of defective merchandise received on April 17. 23 Received payment from Brooke Sledd for the April 13 sale, less the discount. 25 Purchased $10,375 of merchandise on credit from Negi Company, invoice dated April 24, terms 2/10, n/60. 26 Issued Check No. 590 to Price Company in payment of its April 17 invoice, less the return and the discount. 27 Sold $3,070 of merchandise on credit to Paul Kohr, Invoice No. 764 (cost is $2,420). 27 Sold $5,700 of merchandise on credit to Amy Nilson, Invoice No. 765 (cost is $3,305). 30 Issued Check No. 591, payable to Payroll, in payment of the sales salaries expense for the last half of the month, $9,750. 30 Cash sales for the last half of the month are $70,975 (cost is $55,900). Assume that Wise Co. uses the perpetual inventory system. Review the transactions of Wise Company and enter those that should be journalized in the cash receipts journal.
Question 5
Luthans and Doh (2012) mention multiculturalism and diversity in the workplace. Diversity can present communication barriers, which can affect productivity and positive work environments. Team-building activities offer an opportunity for work groups to collaborate, communicate, and learn about one another. Create your own, or select a team-building activity that creates opportunities for collaboration and communication among a diverse work group. Include the following criteria in your team-building activity: a. Describe the participants: i. At least three cultures ii. 4-15 members in the work group b. Describe an activity that: i. Promotes team work ii. Is not offensive to the cultures iii. Provides opportunities for fun iv. Provides opportunities for learning c. Describe how the activity will be effective for the diverse participants Create your own or select an activity from the Internet. You can find activities at websites such as www.managerialskills.org. Feel free to search the Internet for other activities. This team-building activity does not have to be industry or job specific. In fact, it should focus on teamwork and communication. The purpose of this short assignment is to encourage you to begin thinking about managing diverse work groups and how the work groups can participate in activities to enhance teamwork, which contributes to collaboration, innovation, and productivity. Management is not always about creating the activity, but selecting or recognizing an activity that is appropriate for the intended participants. Will it contribute to the overall return on investment of the organization? Prepare your assignment in a word-processing application and submit it as one of the following file formats: DOC, DOCX, or PDF.
