Question 1
I am a kaplan student and need help with class AC 114 attached are the pages for problems 7-11A Pg342 and 7-3A pg 345,Here are the corresponding page numbers for the problems.,Here is pg 345 for prob 7-3A,2 of 2: International Writing Assignment The SEC is currently considering a shift from U.S. GAAP to IFRS. This change has a possibility of being mandated. A shift of this magnitude can mean all accountants be re-educated on the new standards. Certainly the intention is to have a single global set of rules to simplify the world of accounting however some thought leaders voice that it could complicate the profession more. Below you will find links to articles on this topic. Some support the change and some do not. Required: You are to prepare a 1 page paper using APA format and state whether you are for or against implementing the proposed change. Please ensure that you list three reasons you took the position you did and why. For your reading documents please click the Required Documents button below. This assignment should be typed and follow APA guidelines for document format and citations of resources. For APA resources and assistance, please visit the Kaplan University Writing Center at https://kucampus.kaplan.edu/Platform/AcademicSupport/Academic Success/PeerTutoring/Writing/WritingCenter.aspx. You can also access the writing center from your eCollege desk page by clicking on the ?My Studies? tab, selecting ?Academic Support Center?, and then clicking on the Writing Center link. Here you will find self guided resources as well as links to get assistance from the Writing Center support staff. Your document should be uploaded to the Unit 9 International Writing Assignment Dropbox by midnight on Tuesday of Unit 9. ID: AC114-09-09-AS BusinessWeek Article Attribute Differences Between US GAAP and IFRS US GAAP vs. IFRS International Accounting Standards and Accounting Quality Major Differences in U.S. GAAP & IFRS and Latest Developments,Disregard the writing part that was a miss send.,How do I increase the deadline?,Just the first part for the problems disregard the writing assignment, my apologies for the confusion.
Question 2
Situation Parent, Inc. is contemplating a tender offer to acquire 80 percent of Subsidiary Corporation's common stock. Subsidiary's shares are currently quoted on the New York Stock Exchange at $85 per share. In order to have a reasonable chance of the tender offer attracting 80 percent of Subsidiary's stock, Parent believes it will have to offer at least $105 per share. If the tender offer is made and is successful, the purchase will be consummated on January 1, 2009. A typical part of the planning of a proposed business combination is the preparation of projected or pro forma consolidated financial statements. As a member of Parent's accounting group, you have been asked to prepare the pro forma 2009 consolidated financial statements for Parent and Subsidiary assuming that 80 percent of Subsidiary's stock is acquired at a price of $105 per share. To support your computations, Martha Franklin, the chairperson of Parent's acquisitions committee, has provided you with the projected 2009 financial statements for Subsidiary. (The projected financial statements for Subsidiary and several other companies were prepared earlier for the acquisition committee's use in targeting a company for acquisition.) The projected financial statements for Subsidiary for 2009 and Parent's actual 2008 financial statements are presented in table 1. Assumptions Ms. Franklin has asked you to use the following assumptions to project Parent's 2009 financial statements: ? Sales will increase by 10 percent in 2009. ? All sales will be on account. ? Accounts receivable will be 5 percent lower on December 31, 2009, than on December 31, 2008. ? Cost of goods sold will increase by 9 percent in 2009. ? All purchases of merchandise will be on account. ? Accounts payable are expected to be $50,500 on December 31, 2009. ? Inventory will be 3 percent higher on December 31, 2009, than on December 31, 2008. ? Straight-line depreciation is used for all fixed assets. ? No fixed assets will be disposed of during 2009. The annual depreciation on existing assets is $40,000 per year. ? Equipment will be purchased on January 1, 2009, for $48,000 cash. The equipment will have an estimated life of 10 years with no salvage value. ? Operating expenses, other than depreciation, will increase by 14 percent in 2009. ? All operating expenses, other than depreciation, will be paid in cash. ? Parent's income tax rate is 40 percent, and taxes are paid in cash in four equal payments. Payments will be made on the 15th of April, June, September, and December. For simplicity, assume taxable income equals financial reporting income before taxes. ? Parent will continue the $2.50 per share annual cash dividend on its common stock. ? If the tender offer is successful, Parent will finance the acquisition by issuing $170,000 of 6 percent non-convertible bonds at par on January 1, 2009. The bonds would first pay interest on July 1, 2009, and would pay interest semi-annually thereafter each January 1 and July 1 until maturity on January 1, 2019. ? The acquisition will be accounted for as a purchase and Parent will account for the investment using the equity method. Although most of the legal work related to the acquisition will be handled by Parent's staff attorney, direct costs to prepare and process the tender offer will total $2,000 and will be paid in cash by Parent in 2009. As of January 1, 2009, all of Subsidiary's assets and liabilities are fairly valued except for machinery with a book value of $8,000, an estimated fair value of $9,500, and a 5-year remaining useful life. Assume that straight-line depreciation is used to amortize any revaluation increment. No transactions between these companies occurred prior to 2009. Regardless of whether they combine, Parent plans to buy $50,000 of merchandise from Subsidiary in 2009 and will have $3,600 of these purchases remaining in inventory on December 31, 2009. In addition, Subsidiary is expected to buy $2,400 of merchandise from Parent in 2009 and to have $495 of these purchases in inventory on December 31, 2009. Parent and Subsidiary price their products to yield a 65 percent and 80 percent markup on cost, respectively. ? Parent intends to use three financial yardsticks to determine the financial attractiveness of the combination. First, Parent wishes to acquire Subsidiary Corporation only if 2009 consolidated earnings per share will be at least as high as the earnings per share Parent would report if no combination takes place. Second, Parent will consider the proposed combination unattractive if it will cause the consolidated current ratio to fall below 2 to 1. Third, return on average stockholders' equity must remain above 20 percent for the combined entity. If the financial yardsticks described above and the non-financial aspects of the combination are appealing, then the tender offer will be made. On the other hand, if these objectives are not met, the acquisition will either be restructured or abandoned. Required 1. Forecast the separate financial statements of Parent, Inc. Using Ms. Franklin's assumptions and Parent's 2008 financial statements, prepare pro forma 2009 financial statements for Parent, Inc., assuming that the acquisition is not attempted. Support your statements with appropriate work papers and journal entries. Pro forma financial statements include Statement of Operation; Statement of Retained Earnings, Balance Sheet and Cash Flow Statement. 2. Adjust the separate financial statements of Parent, Inc. to reflect the proposed acquisition. Adjust Parent's pro forma 2009 financial statements prepared in #1 to reflect the proposed acquisition (i.e., adjust Parent's forecasted financial statements for bond issuance, stock purchase, income from subsidiary, etc.). Support your statements with appropriate work papers and journal entries. Pro forma financial statements include Statement of Operation; Statement of Retained Earnings, Balance Sheet and Cash Flow Statement. 3. Prepare pro forma consolidated worksheet. Prepare a pro forma consolidation worksheet for Parent, Inc. and its proposed subsidiary as of December 31, 2009. Use the adjusted pro forma 2009 financial statements of Parent, Inc. prepared in #2 and the projected 2009 financial statements of Subsidiary Corporation in table 1. Show all consolidation adjusting entries including minority interest entries. 4. Perform ratio analysis. Compute earnings per share for (1) the separate financial statements of Parent, Inc. prepared in #1 and (2) the consolidated financial statements contained in the pro forma consolidation worksheet prepared in #3. Also, calculate current ratio and return on average stockholders' equity for the separate company and consolidated financial statements. 5 Write a memorandum to Ms. Franklin summarizing the results of your analysis, including a summary of the financial ratios you computed and your recommendation. Attach copies of both sets of pro forma financial statements of Parent, Inc. and the pro forma consolidation worksheet.
Question 3
Assignment Type: Group Project Deliverable Length: journal entries; 300-400 word memo Points Possible: 175 Due Date: 10/28/2012 11:59:59 PM CT The decision was made to use a process costing system. The first month of operation went fairly smoothly, and the CFO is ready to prepare her journal entries but asked for your help because she has not done this before for a manufacturing company. Data for month ending 1/31/200X Direct labor expended on jobs completed in month 1 $100,000 Direct material used up $500,000 Budgeted manufacturing overhead $2,000,000 Budgeted production volume 4,000 units Actual production volume 4,500 units Supplies, indirect labor, maintenance repair costs totaled $2,200,000 Beginning work in process inventory 0 Ending work in process inventory 0 Individual Portion: Using only the data in the chart, prepare the proper journal entries?including a date and notes showing any calculations?to record the following: ?Labor ?Direct material going into the work in progress (WIP) account ?Manufacturing overhead all being credited to accounts payable Please add your file. Group Portion: You, the CFO, and the rest of the accounting department now need to write a memo summarizing the data from the first month of using the process costing system operation. Using only the data above, prepare a 300?400-word memo addressing all of these questions and showing all calculations: ?Why is calculating the predetermined overhead rate so important? ?Compute the firm's predetermined overhead rate. ?What would it mean if you mistakenly used too high a predetermined rate? What would it mean if you mistakenly used too low a predetermined rate? ?Compute the proper amount of overhead to apply. ?Compute the over- or under applied overhead. ?Prepare the journal entries to record the closing-out of the balance in manufacturing overhead to the appropriate accounts, and show any necessary calculations in the notes of the journal entry. Please add your file. The following rubric will be used for grading: Grading Rubric 30% Individual Portion: Prepare correctly formatted, proper journal entries?including a date and notes any calculations?to record the following: 10% Labor 10% Direct material going into the work in progress (WIP) account 10% Manufacturing overhead all being credited to accounts payable 5% Group Portion: 1. Why is calculating the predetermined overhead rate so important? 5% Group Portion: 2. Compute the firm's predetermined overhead rate. Show all calculations. 5% Group Portion: 3. What would it mean if you mistakenly used too high a pre-determined rate? What would it mean if you mistakenly used too low a predetermined rate? 5% Group Portion: 4. Compute the proper amount of overhead to apply. Show all calculations. 20% Group Portion: 5. 10% Compute the over- or under-applied overhead. 10% Show all calculations. 20% Group Portion: 6. 10% Prepare the journal entries to record the closing-out of the balance in manufacturing overhead to the appropriate accounts. 10% Show any necessary calculations in the notes of the journal entry. 10% Group Portion: 5% The document is a 300?400-word memo. 5% The memo is a cohesive document.
Question 4
I have to file a 1120 Corporation income tax return and need help getting started with the Packer Corporation, incorporated Jan 3 1984, San Antonio, Texas. I have made a copy for you to see my assignment.,I am willing to work with you on a payment for help to get this completed correctly. I have to fill out an online tax forms and print it out for class. the 1120 with the balance sheet and M1 if needed.,this homework is due April 26 @ 6 pm.,I came up with gross income from operations 595,000 gain on sale of truck 3,500 minus cogs 280,000 = 318,500 minus deductions of 253,400 = 65,100 Net income this is 8,000 too much according to the check figure from my teacher but this is a far cry from entering it on the return with everything answered correctly too. just has me stumped,thanks,I need to file Indiana State tax also,I think that I got the income statement figured out. I added the 3,500 Gain from the sale of the truck to the Gross Income and then added the federal income tax expense to the expenses and now I come out to the check figure that the teacher gave us. Thanks,I have already figured this one out. I do not need anymore help on this. I figured out how to do the Taxable income by deducting the charitable contributions first and then using the 10% to get the problem done. I have figured the taxes also. Thank you anyway but I didn't hear from you and was able to get this done myself. So I will not pay for help. Thanks.,I am very irritated that you charged me when I told you that I got the answer before you replyed. I tried to communitcate with you and found it impossible. I will not ever use your services again.
Question 5
4. Marketing managers must accept the responsibility for the consequences of their actions and make every effort to verify that their choices and actions serve the best interest of all related customers, organizations, and societies. False / True ((Note below: Spacing between questions, is only for readability ?NOT an indication of prescribed length for an answer. Take as much space as you need to give a good, professional, and well thought out answer.)) 5. Do marketing strategies have to change over time? Yes/ No / Maybe If so, Why? 6. To capture lifetime value companies can build loyalty by investing greatly in marketing. T / F 7. In your words, what does ?Marketing Ethics? mean to you? 8. What guidelines on marketing ethics would you give your company employees? 9. The 5 Step Marketing Process: ? Understand marketplace/consumers, ? Design customer driven marketing strategy, ? Create marketing program that provides the customer with superior value, ? Build profitable customer relationships, ? the?.. fifth step ? your company reaps the benefits?capture value back from the customer. Define the 5th step ? in your words : 10. Cabela's, the World's Foremost Outfitter of hunting, fishing and outdoor gear, UNENDING PROGRESS AND GROWTH SINCE 1961?. Research Cabela, and then assess/analyze Cabela?s marketing strategy (why has it been so successful over so many years?): 11. Define an ?Integrated Marketing Mix?, and give an example -- present how this company uses it well: 12. From the buyer?s point of view, describe the 4 C?s : the customer solution, cost, convenience & communication. 13. What is the connection between the 4 C?s and the 4 P?s (product, price, place, promotion) ? Why did the marketing world move to the 4 C?s? Give two examples. 14. How does a company?s MICROENVIRONMENT and MACROENVIRONMENT affect their marketing plans? Give several examples. 15. a. Explain SWOT analysis. b. Why would a new clothing company need to do a SWOT analysis for their 2 enlargement plans, in Tashkent? And the other, ?.in Togo? What are the relevant factors involved? c. What might they find out? What concerns for each location, would they tell the Board of Directors? d. What integrated marketing solutions might you offer to minimize risk and improve profits? 16. Technological advances are perhaps the most dramatic forces affecting today?s marketing strategies T / F 17. Cause-related marketing is not used as a form of corporate giving. T / F 18. To develop marketing information, marketers can obtain the needed information from internal data, marketing intelligence, and marketing research. T / F 19. Why is marketing research so important/valuable to a marketing plan, and ultimately to profits? 20. Mail, Telephone, Personal interviews, online, Focus groups are all Contact Methods within a data research/collection plan. T / F 21. What four major psychological factors influence a customer?s buying choices? Which one do you think is most relevant today? And why? 22. List the eight basic stages in the business buying decision process: 1. 2. 3. 4. 5. 6. 7. 8. 23. Briefly describe the 4 major steps in designing a customer-driven marketing strategy: a. Would you add any steps?.... b. If this was 2020, or 2035, what would you add? 24. Why is the packaging and labeling of a product important? What is the connection with branding? 25. Give one examples of a successful branding of a product or service. Explain why you think their brands are creating customer value. 26. Define the three parts of ?Marketing strategy development.? 27. A company?s products are born, grow, mature, and then decline, just as living things do. To remain vital, a company must continually develop new products and manage them effectively through their life cycles. False / True 28. Complete the below list of eight sequential stages of new-product development; and define c, f, and g. a) Idea generation b) Idea screening c) Concept and Development testing d) e) Business Analysis f) Product development g) h) Commercialization 29. Inviting broad communities of people ? friends, colleagues, academics, researcher, or the general public into a new-product innovation process, is called ______________________________. Give an example of a company that has used this process: _________________________. Give an example of a third-party crowd sourcing network__________________________. 30. Discuss the 3 major pricing strategies and how customer perceptions influence company decisions. - Customer value-based pricing, - Cost-based pricing, and -Competition-based pricing 31. Give your own example of a relatively new product where a unique Pricing strategy was used to the $$$ profit advantage to the company : 32. Economic conditions can have major impact on pricing decisions. The recent recession has caused consumers to rethink the price-value equation. Marketers have responded by increasing their emphasis on value-for-the money pricing strategies. True / False 33. Give one example of how the US economy or GLOBAL economy caused or is causing price fluctuation, and/or marketing strategy changes on a Product or Service. Describe what the company did. 34. Market-skimming pricing is set up specifically for old declining products and services. True / False 35. When a firm considers initiating a price change it must consider customers? and competitor?s reactions True / False 36. Briefly, what are the advantages of internet marketing? 37. What are some mistakes made by internet marketers? 38. Give an example of a ?nouveau /new age/high technology? marketing technique or process. 39. As a new company?s marketing manager, why do you care about customer opinions? Habits ? Why and how could this affect the company?s profits ? or survival ? 40. Niche strategy: Are companies that do not chase the market leaders, they target underserved customers and solve their problems. True / False Give example of a company that has a niche strategy for their product. 41. Defensive strategy: Organizations maintain a leadership position by developing brand loyalty, mass distribution, and economies of scale and scope True / False Give example of a company using defensive strategy: 42. Your job as a Marketing Manager would include the below 7 items: Fill in the blanks by giving your own personal assessment of a good priority numbering system, 1# being the highest priority and 7# being the lowest priority in your job as Director of Marketing. a) Gathering information from internal and external sources _____ b) Evaluating company capabilities________ c) Identifying and assessing market opportunities_________ d) Setting the objectives of the marketing strategy_________ e) Formulating action plans_________ f) Implementing the marketing plan_________ g) Monitoring and evaluating execution of the marketing strategy__________ Give comments on why you prioritized # 1 and #2 . 43. Dell is one of Texas?s business success stories. Recently, it was named the winner of ClickZ Connected Marketing Awards in two categories. However, with the recent economy in the US, you have been hired as a consultant to help them out in there international department. After some research on demographics, society, etc. what marketing strategy / mix ideas will you be providing to the CEO of Dell ? a. ?for a Detroit , MI based operations b. ?for a Vietnam based operations 44/ 45. Below are 3 excellent examples of using marketing to increase sales, profits, and exposure. o Susan G. Komen for the Cure's segmentation strategy that pulled in 10.46% more donations per person o Kodak's combination of triggered emails, direct mail and personalized websites that achieved a 23% lead rate for its B2B business o Olympus' innovative sideways-scrolling promotional email that had a 41.2% click-to-open rate Review this website, and tell me why you think it deserves ?high marks?? http://www.convergedirect.com/?ctcampaign=555&ctkwd=Dma%20Awards&ctmatch=b&ctcreative=8230695306&ctadpos=1t1
