Question 1
Write a 3-4 page paper in which you: Discuss the primary reason for the restatement and the impact to the financial results for the company you selected. Discuss ?management? responsibility to the investors and stakeholders for the financial restatement. Discuss what changes you would expect the company leadership to make related to internal controls, accounting principles, or other initiatives as a result of the need to restate the financial statements. Discuss the impact to the ?trustworthiness? of the company?s leadership team based on the need to restate the financial statements. Use at least four (4) quality resources in this assignment. Your assignment must: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the tile of the assignment, the student?s name, the professor?s name, the course title, and the date. The cover page and the reference page are not included in the required page length. The specific course learning outcomes associated with this assignment are: Analyze accounting situations to apply the proper accounting rules and make recommendations to ensure compliance with generally accepted accounting principles. Use technology and information resources to research issues in accounting. Write clearly and concisely about accounting using proper writing mechanics.
Question 3
Leases Berg Company leases manufacturing equipment from Newman Rentals Co. on January 1, 2012. The following data pertain to the agreement: A. The term of the noncancelable lease is three years with no renewal option. A payment of $78,443 is due on December 31 of each year. B. The fair value of the machine on January 1, 2012, is $300,000. The machine has a remaining economic life of 10 years, with no residual value. The machine reverts to the lessor upon termination of the lease. Berg guarantees a $100,000 residual value at the end of the lease term. C. Berg Corp. depreciates all machinery it owns on a straight-line basis. Berg?s incremental borrowing rate is 8 percent per year. Berg does not have knowledge of the 5 percent implicit borrowing rate used by Newman. Required: 1. Record the entries required on Berg?s books for the inception of the lease on January 1, 2012. 2. Record the entry on Berg?s books on December 31, 2012, to record depreciation of the leased asset. 3. Record the first lease payment on Berg?s books. 4. Assume that the transaction is considered a direct financing lease for Newman. Record the entries required on Newman?s books for the inception of the lease on January 1, 2012. 5. Record all entries necessary at the time of receipt of the first lease payment on Newman Rental?s books.
Question 4
1. Which of the following Investors will potentially receive dividends on their investments? A) Bond holders B) Share holders C) Creditors D) Derivative holders E) Both B and D are correct. 2. A security whose value is based solely on the value of other assets is called a ________ security. A) capital option B) hedging C) derivative D) asset alternative E) none of the above 3. When you borrow money to pay for your investments you are ________. A) increasing your purchasing power B) practicing leverage C) starting a poor habit D) attempting something that can't be done E) A and B 4. Lavon has his money invested into an asset that has averaged the following returns the last three years: +22%, -8%, +13%. Most likely what type of asset is he invested in? A) Corporate bonds B) Income producing Real Estate C) Gold coins D) Common stock 5. Latisha invested $1,000 in XYZ stock. Two years later she sold the stock for $1,200. During the time she owned the stock, she received a total of $80 in dividends. What was her total return on investment? A) 8% B) 20% C) 28% D) not enough information available. 6. Tran purchased a house for a rental property for $100,000 five years ago. During the time he owned this rental, his net rent was a total of $4,000. He just sold the property for $120,000. What was his average annual return on this investment? A) 4.0% B) 4.8% C) 24% D) not enough information available. 7. Juan purchased shares in ABC company for $5,000 three years ago. During these three years he received $600 in dividends. He just sold the stock for $4,300. What was his total return on this investment? A) 2% B) 12% C) 14% D) 26% 8. Louis purchased $5,000 worth of stock three years ago and sold it today for $7,000. He received no dividends from this investment. Inflation averaged 4% during the three years he owned the stock. What was his average real return per year on this investment? A) 4% B) 9.33$ C) 13.33% D) 40% 9. Most of the bonds that are bought and sold are not transacted on the organized exchanges. They are bought and sold through bond dealers who do not sell many ________ bonds but do trade many ________ bonds in the secondary market. A) corporate; government B) government; corporate C) high par value; corporate D) government; low par value E) corporate; low par value 10. Patti DeVry has been trading stocks in the over-the-counter market. When she wants to sell her stocks she will receive the ________ price and when she wants to purchase stocks she will pay the ________ price. A) ask; bid B) bid; ask C) starting; minimum D) ask; minimum E) bid; minimum 11. Your next-door neighbor, a kind, elderly lady, just discovered that her stock account had been excessively traded in an inappropriate manner, mainly to generate excess commissions. This is an example of ________. A) account theft B) black market trading C) high turnover trading D) churning E) none of the above 12. Barney Q. Hopkins borrows stock from his broker (short selling) with the goal of ________ and ________. A) buying low; selling later B) buying low; selling low C) buying high; selling low D) selling high; later buying low E) borrowing money; buying low 13. Assume you have a 50% margin requirement. You purchase 100 shares of Microsoft at $150 per share, maximizing your margin. The price increases to $175 per share. What is the net value of your investment (margin) now? A) $17,500 B) $15,000 C) $ 7,500 D) $ 3,750 E) none of the above 14. You have just purchased 10 shares of a stock selling at $50 per share. Since that time, the company was found to be in violation of several environmental laws and has several major lawsuits outstanding. Which of the following statements is most correct? A) You could lose up to your $500 investment. B) You could lose more than your $500 investment. C) You cannot lose your investment based on the actions of the company. D) By owning stock in the company, you have also technically violated the law. E) none of the above 15. The net income of the firm is $4 million dollars. The firm will pay $500,000 in dividends to the preferred shareholders. There are currently 1 million shares of common stock outstanding. What are the earnings per share for this firm? A) $4.00 B) $3.50 C) $4.50 D) None of the above are correct 16. The firm will pay an annual dividend this year of $2 per share. The current market price of the stock is $40.00 per share. The book value of this stock is $24.00 per share. The earnings per share for this firm is $5.75. What is the current dividend yield of this stock? A) 14.38% B) 8.33% C) 23.9% D) 5% 17. The firm will pay an annual dividend this year of $2 per share. The current market price of the stock is $40.00 per share. The book value of this stock is $24.00 per share. The earnings per share for this firm is $5.75. What is the current dividend yield of this stock? A) 14.38% B) 8.33% C) 23.9% D) 5% 18. At what point do you purchase common stock without a right to a declared dividend? A) dividend payout date B) declaration date C) ex-dividend date D) cut-off point E) end of fiscal year 19. Which of the following company's stock has the most potential to provide you with a capital gain in the future? A) XYZ with a dividend yield of 6% B) 123 with a P/E ratio of 12 C) ABC with a P/E ratio of 39 D) 555 with a market to book ratio of 2.2 E) OXX with a market Cap of $336 million dollars. 20. Which of the following company's stocks has the highest risk of losing some or all of your investment? A) XYZ which is part of the DJI. B) 333 with a dividend yield of 4.5% C) ABC with a P/E ratio of 70 D) Not enough information provided. 21. A stock currently sells for $50 per share, and has a forecasted dividend of $6.00 per share. There are currently 100,000 shares outstanding and the stock has a P/E ratio of 14.00. What is the dividend yield? A) 10% B) 12% C) 24% D) 28% E) none of the above 22. A company has total assets of $10,000,000 and no outstanding debt. The closing price of the stock is $45.75 per share, and there are 200,000 shares outstanding. It has paid common dividends of $250,000. What is the book value per share? A) $25.00 B) $40.25 C) $45.75 D) $50.00 E) none of the above 23. You are considering leveraging an investment of $50,000. You would borrow $40,000 at 10% and provide the balance yourself. If this investment increased in value by the end of the year by 30% what is your rate of return? A) 10% B) 20% C) 30% D) 50% E) none of the above 24. ComChip is a computer chip manufacturer. Its stock is selling at $50 per share. Estimated earnings next year total $200,000. The company currently has 100,000 shares of common stock outstanding and will pay $20,000 in dividends. What is the firm's P/E ratio? A) 50.00 B) 45.80 C) 25.00 D) 27.78 E) none of the above 25. What is the value of a $1,000 par value bond with a 12% annual coupon that will mature in 5 years if the bond is currently priced to yield 10%? A) $955.76 B) $1,000.00 C) $1,075.81 D) $1,158.52 E) none of the above 26. You have a corporate bond that pays interest every six months. It carries a coupon rate of 10%. What is your accrued interest on the bond if it has been four months since interest was last paid? A) $33.33 B) $50.00 C) $66.66 D) $100.00 E) none of the above 27. Sherman has three bonds with a $1,000 par value that pay a 9 % coupon interest rate. How much will he earn every six months? A) $27 B) $ 90 C) $135 D) $202.50 E) $270 28. Suppose that you have a bond that has a par value of $1,000 and a coupon interest rate of 9%. Its current price is $950 and it will mature in 7 years. What is the approximate yield to maturity? A) 9.00% B) 9.50% C) 9.96% D) 10.23% E) none of the above 29. Suppose that you just purchased a $1,000 Treasury Inflation-Indexed Bond which carried an original interest rate of 3.375%. The consumer price index just increased by 5% increasing the par value of the bond to $1,050. What is your interest payment considering this change? A) $31.75 B) $33.75 C) $35.43 D) $50.00 E) none of the above 30. Suppose you just purchased a corporate bond at 95 1/8. It carries a 7% coupon rate, will mature in 5 years and is priced to yield 8.22%. What is the annual interest payment to you? A) $70.00 B) $82.22 C) $95.125 D) $100.00 E) none of the above 31. Your required rate of return on company XYZ's preferred stock is 12%. There preferred stock pays a fixed annual dividend of $4.00. What market price would you be willing to pay for a share of XYZ preferred? A) $4.00 B) $33.33 C) $48.00 D) $54.44 32. Which of the following statements regarding Funds A and B are true? Assume that you would invest $10,000 and would sell the fund after 4 years. Further assume that each fund will earn a total return each year before expenses of 15%. Fund A Fund B Front-end Load 7.50 % 4.50% Back-end Load 0.00% 3.00% within 3 years Management Fee 1.50% 0.50% 12b-1 fee 0.00% 1.50% A) Fund A would provide a higher total return during the holding period. B) Fund A would have higher annual expenses during the holding period. C) Fund B would require paying a back-end load when sold. D) Fund B would have lower annual expenses during the holding period. E) None of the above are true. 33. Total returns on mutual funds can be calculated by adding dividends distributed, capital gains distributed, and ________ and dividing this sum by the beginning net asset value. A) beginning NAV - ending NAV B) ending NAV - beginning NAV C) dividends undistributed + capital gains undistributed D) beginning NAV + ending NAV E) ending NAV + beginning NAV 34. Zippo Mutual Fund is one of your best performers. It just announced a year-end distribution of $3.50 per share in capital gains and $1.50 in dividends. Assuming the NAV increased from $29.50 to $33.50, calculate your total annual return? A) 30.51% B) 26.87% C) 16.95% D) 14.93% E) none of the above 35. You purchased 100 shares of Gibraltar Strength Fund for $12.75 per share. Its current NAV is 18.75 per share. There was a total of $0.25 in dividends and $0.75 in capital gains distributed. What is your total return? A) 32.00% B) 37.33% C) 47.06% D) 54.90% E) none of the above 36. What does the following mathematical expression yield? (total market value of all securities - liabilities) divided by (total shares outstanding) = ________. A) asset value B) net value C) net asset value D) net return value E) asset return value 37. You purchased 1000 shares of fund ABC for $35.00 NAV per share. While you owned these shares you received $150 in dividend distributions and $350 in capital gains distributions. You just sold all of your shares for a total of $$2500. What was your total return on this investment? A) -14.3% B) 14.3% C) 32.8% D) 42.8% 38. You purchased 500 shares in a mutual fund for $20 NAV. You elected the Dividend Reinvestment Plan and had all dividend and capital gains distributions reinvested in additional shares. You just closed your account and sold 550 shares for $28 NAV. What was your total return on this investment? A) 24% B) 34% C) 44% D) 54% 39. Currently, Social Security is a pay-as-you-go system where current workers pay taxes to pay current retirees benefits. How is Social Security funded? A) Income taxes by all Americans B) Payroll taxes on employees up to a salary cap. C) Payroll taxes on employers up to a salary cap. D) All of the above are correct E) Both B and C are correct. 40. What type of retirement plan would you be participating in if you, as the employee, possibly with some contributions by your employer, provided the funds for your retirement plan? A) defined-benefit plan B) noncontributory retirement plan C) contributory retirement plan D) portable plan E) none of the above 41. Tran is employed at a Company where at the end of every year, the Company will contribute anywhere from 2% up to 12% of his salary into his retirement plan, depending on how well the Company's financials were for the year. This type of contribution plan is a ________ plan. A) 401k B) ESOP C) Profit Sharing D) Performance 42. Jahwana works for a large corporation with a 401k retirement plan. The company will contribute an employer match on a dollar-for-dollar basis up to 5% of the employees salary. Jahwana currently earns $40,000 in gross salary and she currently contributes 15% of her salary into her 401k. How much money in dollars is the total contribution to her account every year? A) $2,000 B) $6,000 C) $8,000 D) Not enough information available to determine the answer. 43. A ________ option provides payments over the life of both you and your spouse no matter how long you live. A) single life annuity B) lump sum annuity C) joint and survivor annuity D) annuity for life E) combination annuity 44. Lucius starts saving $100 per month at age 25 and averages 6% per year compounded monthly. Hector starts saving $1,215.22 per month at age 55 and averages 6% per year compounded monthly. Who will be better off at age 65 assuming neither had in money in their account when they started? A) Lucius will have $15,476.20 and Hector will have $16,017.57 in their accounts at age 65. B) Lucius will have $199,149.07 and Hector will have $163,879.34 in their accounts at age 65. C) They both will have the same amount of money in their accounts at age 65. D) Not enough information available. 45. Jose does not have a retirement plan at work. He currently earns $30,000 in salary and is in the 15% marginal tax bracket. If he contributes the maximum contribution of $5,000 to his Traditional IRA, how much money will he save on his income tax liability? A) Nothing since only the ROTH IRA has tax deductions on contributions. B) Nothing since his income does not qualify for tax deductions for a qualified plan. C) $5,000 D) None of the above is correct.
Question 5
Need a topic related to business ethics and social responsibility along with a annotated outline which is not an annotated bibliography. It is an outline providing citations showing how you plan to support each key point of your paper with your research. In your outline, it discusses briefly how each section relates to the concepts addressed in the course. Refer to the Final Course Project Description and Scoring Guide for specific details related to the final project, as well as the Writing/Critical Thinking Scoring Guide used for the short paper assignment in Unit 5, for clarification of the type of expertise in writing and critical thinking that is required here. Your outline should include the following: An introduction, including a brief description of the problem or issue you plan to address and why it is important, as well as a short summary of the key points you plan to make in the body of the paper. The body of the paper, with headings summarizing each of your key points, and citations for the research you plan to use to support each of these points. These citations are a critical ingredient of an annotated outline and demonstrate how you plan to support each of your key arguments with research. The conclusion, including a short summary of the key points made in the body and the overall conclusions or synthesis. References, which is a list of at least 20 scholarly sources you plan to use for the paper, listed alphabetically in APA style. Please complete your outline in point form, not as a narrative. Be sure that you include sufficient scholarly references that relate your topic to the field of ethics. That is, if your topic is leadership, do not submit 15 sources on leadership and only five on ethics related to leadership. In addition, make sure that you do not use headings in your outline that are those typically included in a dissertation or thesis, where one is conducting primary research (headings as "purpose of the research," "literature review" "summary of findings" etc. ). This approach is sometimes recommended in First Course or some other courses in Masters level programs, but is not appropriate for the type of academic paper that we are looking for here. In fact the headings can be quite confusing and really make your paper more complicated than necessary. Have a look at some journal articles to get a sense of what types of headings you should use.,Ok Thanks,Thank you
