Bethany incurred $24,500 in research and experimental costs for developing a specialized product during July of year 1. Bethany went through a lot of trouble and spent $11,750 in legal fees to receive a patent for the product in August of year 3. Bethany expects the patent to have a remaining useful life of 10 years. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount)
Saturn issues 6.5%, five-year bonds dated January 1, 2011, with a $500,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $510,666. The annual market rate is 6% on the issue date. Required1. Calculate the total bond interest expense over the bonds’ life.2. Prepare a straight-line amortization table like Exhibit 14.11 for the bonds’ life.3. Prepare the journal entries to record the first two interest payments.
Due Date: 11:59 pm EST Sunday of Unit 6 Points: 50 Overview: In this assignment, you will compare and contrast financing options. When financing a home, it is important to understand your options. Each option comes with pros and cons, some of them are short-term and some of them are long-term. The purpose of this assignment is to demonstrate your ability to understand a variety of financing options and develop amortization schedules and then use a series of subjective and objective criteria to analyze the short-term and long-term pros and cons to justify a decision.
Instructions:
1. Choose a piece of real estate (residential, commercial, warehouse, land) using a resource such as realtor.com, zillow.com, etc. Provide the listing sheet or link.
2. Determine a down payment percentage. A standard down payment is 20%. You may choose another percentage. a. Provide a justification for the down payment percentage you choose.
3. Research two different financing options. For example, 15-year. fixed, 30-year. Fixed, 5-1 ARM, VA loan, etc. a. Use Excel, or another approved spreadsheet, and create a complete amortization schedule for the life of both financing options.
4. Compare and contrast the two financing options. a. Explain any background information and/or further description of loan types selected.
5. Identify the financing option you would choose. a. Provide a justification for your financing option selection. Requirements:
· Numbers 1, 2, 4, 5 should be in a Word document. Number 3 should be an Excel, or another approved spreadsheet. Upload both documents to the link in the course.
· Professional communication is expected, which includes proper spelling and grammar, and providing source information when using outside resources.
Assessment 2 Assessment Type: Case study report – theory and calculations – individual assessment
Purpose: To allow students to apply the technical knowledge of relevant accounting standards to financial reporting settings. This assessment relates to learning outcomes c, d. Value: 30%
Due Date: Week 9 - 8:00 pm Wednesday of Week 9
Submission: Submission must be made to the Moodle Assignment Link on the KOI Moodle Subject Home Page by 8.00 pm Wednesday of Week 9. A printed copy must be submitted to the Lecturer at the Week 9 Lecture to assist with marking. All assignments must have a signed KOI Assignment Coversheet included with the submission.
Topic: Research Individual Assignment
Task Details: Mags Ltd is an Australian mail-order company. Although the sector in Australia is growing slowly, Mags Ltd has reported significant increases in sales and net income in recent years. While sales increased from $50 million in 2009 to $120 million in 2018, profit increased from $3 million to $12 million over the same period. The stock market and analysts believe that the company’s future is very promising. In early 2019, the company was valued at $350 million, which was three times 2018 sales and 26 times estimated 2019 profit.
Company management and many investors attribute the company’s success to its marketing flair and expertise. Instead of competing on price, Mags Ltd prefers to focus on service and innovation, including: •
free delivery • a free gift with orders over $200.
As a result of such innovations, customers accept prices that are 60% above those of competitors, and Mags maintains a gross profit margin of around 40%.
Nevertheless, some investors have doubts about the company as they are uneasy about certain accounting policies the company has adopted. For example, Mags Ltd capitalises the costs of its direct mailings to prospective customers ($4.2 million at 30 June 2018) and amortises them on a straight-line basis over 3 years. This practice is considered to be questionable as there is no guarantee that customers will be obtained and retained from direct mailings.
In addition to the mailing lists developed by in-house marketing staff, Mags Ltd purchased a customer list from a competitor for $800 000 on 4 July 2019. This list is also recognised as a non-current asset. Mags Ltd estimates that this list will generate sales for at least another 2 years, more likely another 3 years. The company also plans to add names, obtained from a phone survey conducted in August 2019, to the list. These extra names are expected to extend the list’s useful life by another year.
Mags Ltd.’s 2018 statement of financial position also reported $7.5 million of marketing costs as noncurrent assets. If the company had expensed marketing costs as incurred, 2018 net income would have been $10 million instead of the reported $12 million. The concerned investors are uneasy about this capitalisation of marketing costs, as they believe that Mags Ltd.’s marketing practices are relatively easy to replicate. However, Mags Ltd argues that its accounting is appropriate. Marketing costs are amortised at an accelerated rate (55% in year 1, 29% in year 2, and 16% in year 3), based on 25 years’ knowledge and experience of customer purchasing behaviour.
Required: Discuss the requirements under AASB138 / IAS 38 Intangible Assets how Mag Ltd should account for the costs. Provide reasons for your answer in reference to relevant paragraphs of AASB138 / IAS 38.
Research requirements: Students need to support their analysis with reference to relevant material from the text and a minimum of eight (8) suitable, reliable, current and academically acceptable sources – this should include at least 2 peer-reviewed academic journal articles.
Presentation: 2000 + 10%-word short report format. Title page, executive summary, table of contents, appropriate headings and sub-headings, recommendations/findings/conclusions, in-text referencing and reference list (Harvard – Anglia style), attachments if relevant. Single spaced, font Times New Roman 12pt, Calibri 11 pt. or Arial 10 pt.
Marking Guide:
Interpretation and representation 20%
Calculations 20%
Analysis20%
Assumptions20%
Communication 20%
Total mark will be scaled to a mark out of 30 subject marks
Conduct independent research on the guidelines for effective charting.
Prepare a 2-page summary of The Joint Commission' s minimum recommendations of what a medical record should include.
Question #1: “Innovation and Reflection” Question A What are invention, innovation and imitation? How are these concepts interrelated? How have these concepts played out in the smartphone market? Question #2: Case Analysis: Netflix Read the Netflix Case Study in Case Study section of the text. Write a summary of the case study. Be sure to define entrepreneurs and the entrepreneurial mind-set and define strategic entrepreneurship and corporate entrepreneurship as it relates to the Netflix case study. Your summary should be a minimum of 2-3 double-spaced pages and must be in your own words. Use APA style. You must include 3-5 references. Only one reference may be from the internet (not Wikipedia). The other references must be located within the Grantham University online library. Only the body of the paper will count towards the page requirement. Please see the rubric below.
The response should be composed in complete sentences and paragraphs and be 250-300 words in length, in MS Word, APA format and cite all references used.
- What is the sociological perspective?
- How can you use your sociological imagination to see the same everyday interactions from three different theoretical perspectives?
- What are the basics of sociological investigation?
The following e-book may be used: Macionis, John J. (10/2013). Sociology, 15th Edition. Pearson Learning Solutions, 10/2013. VitalSource Bookshelf Online.
The response should be composed in complete sentences and paragraphs and be 250-300 words in length, in MS Word, APA format and cite all references used.
- What is the sociological perspective?
- How can you use your sociological imagination to see the same everyday interactions from three different theoretical perspectives?
- What are the basics of sociological investigation?
The following e-book may be used: Macionis, John J. (10/2013). Sociology, 15th Edition. Pearson Learning Solutions, 10/2013. VitalSource Bookshelf Online.
Question #1: Why is data synchronization across an enterprise a challenging problem? How can accurate data and verification systems deter and detect fraud?
Question #2: Could a massive security breach happen at any company? Why or why not? Why might a company that had a significant data loss not be able to recover?
Question #3: How are businesses, governments and other organizations using mobile computing to enhance their productivity, efficiency and profitability.?
Question #4: Explain the difference between a project and operations. Mention examples.
Question #5: In Chapter 11 read the IT at Work 11.3 titled U.K. Fashion Chain Uses BI and DSS to Predict and Replenish Intelligently. How do these efficiencies create a competitive advantage? Mention examples.
Question #6: What is a business process? Give three examples. What are the stages in the business process lifecycle?
Question #7: What is the project scope? What is scope creep? Why does it pose such a risk to the project and project manager?