Fair values agree with book values except for the equipment, which has an estimated fair value of $40,000. Also, it has been determined that brand-name copyrights have an estimated value of $15,000. Norton Corporation pays $25,000 in acquisition costs to consummate the transaction.
Record the acquisition on the books of Norton Corporation assuming the cash paid to Payco Corporation is $160,000.
Assignment 1: Discussion Questions—International Business Decision Making
The various factors impacting international business may be brought together into a process for evaluating international business opportunities. Choosing the right mode of entry is the next step.
Research evaluation of business opportunities and modes of entry using your textbook, University online library resources, and the Internet. Respond to the following:
Write your response in 400 words or less. Apply current APA standards for writing style to your work. All written assignments and responses should follow APA rules for attributing sources.
By Wednesday, February 13, 2013
Assignment 2: Presentation—Starting an International Business
Business decisions are not made on a hunch or some vague idea of a good place to do business. Professionals assess business opportunities and modes of entry to choose the best alternative.
Research the topic using your textbook, University online library resources, and the Internet. Based on your research, develop a presentation. Your role is of an educational specialist in international business and your audience is a group of middle managers.
Discuss the following in your presentation:
Submit your work in a 10-slide PowerPoint presentation. Use the speaker notes area to write the information supporting the slides. Apply current APA standards for writing style to your work. All written assignments and responses should follow APA rules for attributing sources.
By Saturday, Feb 16,2013
. Assum venture healthcare sold bonds that have a 10 year maturity,a 12 percent coupon rate with annual payment and a $1,000 per value
a. Suppose that two years after the bonds were issued, the required interest fell 7 percent. what would the bonds value?
b. Suppose that two years after the bonds were issued, the required interest rate rose to 13 percent. what would be the bond value?
c. what would be the value of the bonds three years after issue in each scenario above, assuming that interest rates stayed steady at either 7 percent or 13 percent.
2. Twin Oaks Health Center has a bond issue outstanding with a coupon rate of 7 percent and four years remaining until maturity. the par value of the bond is $1,000 and the bond pays interest annually.
a. determine the current value of the bond if present market conditions justify a 14 percent required rate of return.
b. Now suppose Twin Oak four year bond had semiannula coupon payments. what would be its current value? (Assume a 7 percent semiannual required rate of return. However the actual rate would be slightly less risky than an annual coupon bond)
c. Assume that Twin Oak bond had a semiannual coupon but 20 years remainning to maturity. what is the current value under these conditions? ( Again, assume a 7 percent semiannual required rate of return. although the actual rate would probably be greater than 7 percent because of incresed price risk)
3. Minneapolis Health System has a bonds outstanding that have four years remaining to maturity, a coupon interest rate of 9 percent paid annually and a $1,000 per value
a. what is the yeild to maturity on the issue if the current market price is $829?
b. If the current market price is $1,104?
c. Would you be willing to buy one of these bonds for $829 if you are required a 12 percent rate return on the issue? explain your answer
4. Six years ago, Bradford Community Hosiptal issued 20 year municipal bonds with a 7 percent annual coupon rate. the bonds were called today for a $70 call premium that is, bondholders received $1,070 for each bond. what is the relized rate of return for those investors who bought the bonds for $1,000 when they were issued?
In response to requests from customers, Lopez will begin selling computer software. The company will extend credit terms of 1 10, n 30, FOB shipping point, to all customers who purchase this merchandise. However, no cash discount is available on consulting fees. Additional accounts (Nos. 119, 413, 414, 415, and 502) are added to its general ledger to accommodate the company new merchandising activities. Also, Success Systems does not use reversing entries and, therefore, all revenue and expense accounts have zero beginning balances as of January 1, 2010. Its transactions for January through March follow:
Jan. 4 The Company paid cash to Lyn Addie for five days work at the rate of $125 per day. Four of the five days relate to wages payable that were accrued in the prior year.
5 Adriana Lopez invested an additional $25,000 cash in the company in exchange for more common stock.
7 The company purchased $5,800 of merchandise from Kansas Corp. with terms of 1€10, €30,
FOB shipping point, invoice dated January 7.
9 The company received $2,668 cash from Gomez Co. as full payment on its account.
11 The company completed a five-day project for Alex Engineering Co. and billed it $5,500, which is the total price of $7,000 less the advance payment of $1,500.
13 The company sold merchandise with a retail value of $5,200 and a cost of $3,560 to Liu Corp., invoice dated January 13.
15 The company paid $600 cash for freight charges on the merchandise purchased on January 7.
16 The company received $4,000 cash from Delta Co. for computer services provided.
17 The company paid Kansas Corp. for the invoice dated January 7, net of the discount.
20 Liu Corp. returned $500 of defective merchandise from its invoice dated January 13. The re-turned merchandise, which had a $320 cost, is discarded. (The policy of Success Systems is to leave the cost of defective products in cost of goods sold.)
22 The company received the balance due from Liu Corp., net of both the discount and the credit for the returned merchandise.
24 The company returned defective merchandise to Kansas Corp. and accepted a credit against future purchases. The defective merchandise invoice cost, net of the discount, was $496.
26 The company purchased $9,000 of merchandise from Kansas Corp. with terms of €10, €30,
FOB destination, invoice dated January 26.
26 The company sold merchandise with a $4,640 cost for $5,800 on credit to KC, Inc., invoice dated January 26.
29 The company received a $496 credit memorandum from Kansas Corp. concerning the merchandise returned on January 24.
31 The company paid cash to Lyn Addie for 10 days work at $125 per day.
Feb. 1 The Company paid $2,475 cash to Hillside Mall for another three months rent in advance.
3 The company paid Kansas Corp. for the balance due, net of the cash discount, less the $496 amount in the credit memorandum.
5 The company paid $600 cash to the local newspaper for an advertising insert in today paper.
11 The company received the balance due from Alex Engineering Co. for fees billed on January 11.
15 The company paid $4,800 cash for dividends.
23 The company sold merchandise with a $2,660 cost for $3,220 on credit to Delta Co., invoice dated February 23.
26 The company paid cash to Lyn Addie for eight days work at $125 per day.
27 The company reimbursed Adriana Lopez for business automobile mileage (600 miles at $0.32 per mile).
Mar. 8 The company purchased $2,730 of computer supplies from Harris Office Products on credit, invoice dated March 8.
9 The company received the balance due from Delta Co. for merchandise sold on February 23.
11 The company paid $960 cash for minor repairs to the company computer.
16 The company received $5,260 cash from Dream, Inc., for computing services provided.
19 The company paid the full amount due to Harris Office Products, consisting of amounts created on December 15 (of $1,100) and March 8.
24 The company billed Easy Leasing for $8,900 of computing services provided.
25 The company sold merchandise with a $2,002 cost for $2,800 on credit to Wildcat Services, invoice dated March 25.
30 The company sold merchandise with a $1,100 cost for $2,220 on credit to IFM Company, invoice dated March 30.
31 The company reimbursed Adriana Lopez for business automobile mileage (400 miles at $0.32 per mile).
The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation:
a. The March 31 amount of computer supplies still available totals $2,005.
b. Three more months have expired since the company purchased its annual insurance policy at a $2,220 cost for 12 months of coverage.
c. Lyn Addie has not been paid for seven days of work at the rate of $125 per day.
d. Three months have passed since any prepaid rent has been transferred to expense. The monthly rent expense is $825.
e. Depreciation on the computer equipment for January 1 through March 31 is $1,250.
f. Depreciation on the office equipment for January 1 through March 31 is $400.
g. The March 31 amount of merchandise inventory still available totals $704.
Required
1. Prepare journal entries to record each of the January through March transactions.
2. Post the journal entries in part 1 to the accounts in the company general ledger. (Begin with the ledger post-closing adjusted balances as of December 31, 2009.)
3. Prepare a partial work sheet consisting of the first six columns (similar to the one shown in Exhibit 4B.1) that includes the unadjusted trial balance, the March 31 adjustments (a) through (g), and the adjusted trial balance. Do not prepare closing entries and do not journalize the adjustments or post them to the ledger.
4. Prepare an income statement (from the adjusted trial balance in part 3) for the three months ended March 31, 2010. Use a single-step format. List all expenses without differentiating between selling expenses and general and administrative expenses.
5. Prepare a statement of retained earnings (from the adjusted trial balance in part 3) for the three months ended March 31, 2010.
6. Prepare a classified balance sheet (from the adjusted trial balance) as of March 31, 2010.
Gain on the sale of an arrowhead collection (acquired as an investment at different times but all pieces have been held for more than one year) ……………………………… $6,000
Required
1. Calculate the total bond interest expense over the life of the bonds.
2. Prepare an amortization table using the effective interest method similar to Exhibit 15.15.
3. Show the journal entries that Cadington Inc. would make to record the first two interest payments assuming a December 31 year-end.
4. Use the original market interest rate to calculate the present value of the remaining cash flows for these bonds as of December 31, 2016. Compare your answer with the amount shown on the amortization table as the balance for that date and explain your findings.
Required
The following items, in random order, are the outcome measures and performance indicators shown for PO10 “Manage Projects.” Classify each item as an outcome measure or performance indicator.
1. Percent of projects following project management standards and practices
2. Percent of certified or trained project managers
3. Percent of projects on time and on budget
4. Percent of projects meeting stakeholder expectations
5. Percent of projects receiving post implementation reviews
6. Percent of stakeholders participating in projects (involvement index)
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