ACC 206 Week Assignment Please complete the following 5 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button. 1. Critical Thinking Question: Answer the following questions: Why are noncash transactions, such as the exchange of common stock for a building for example, included on a statement of cash flows? How are these noncash transactions disclosed? 2. Classification of activities Classify each of the following transactions as arising from an operating (O), investing (I), financing (F), or noncash investing/financing (N) activity. a. ________ Received $80,000 from the sale of land. b. ________ Received $3,200 from cash sales. c. ________ Paid a $5,000 dividend. d. ________ Purchased $8,800 of merchandise for cash. e. ________ Received $100,000 from the issuance of common stock. f. ________ Paid $1,200 of interest on a note payable. g. ________ Acquired a new laser printer by paying $650. h. ________ Acquired a $400,000 building by signing a $400,000 mortgage note. 3. Overview of direct and indirect methods Evaluate the comments that follow as being True or False. If the comment is false, briefly explain why. a. Both the direct and indirect methods will produce the same cash flow from operating activities. b. Depreciation expense is added back to net income when the indirect method is used. c. One of the advantages of using the direct method rather than the indirect method is that larger cash flows from financing activities will be reported. d. The cash paid to suppliers is normally disclosed on the statement of cash flows when the indirect method of statement preparation is employed. e. The dollar change in the Merchandise Inventory account appears on the statement of cash flows only when the direct method of statement preparation is used. 4. Equipment transaction and cash flow reporting Dec. 31, 20X4 Dec. 31, 20X3 Property, Plant & Equipment: Land $94,000 $94,000 Equipment 652,000 527,000 Less: Accumulated depreciation -316,000 -341,000 New equipment purchased during 20×4 totaled $280,000. The 20×4 income statement disclosed equipment depreciation expense of $41,000 and a $9,000 loss on the sale of equipment. a. Determine the cost and accumulated depreciation of the equipment sold during 20X4. b. Determine the selling price of the equipment sold. c. Show how the sale of equipment would appear on a statement of cash flows prepared by using the indirect method. 5. Cash flow information: Direct and indirect methods The comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the company’s current accounts: 20X5 20X4 Increase / Decrease) Current assets Cash $55,400 $35,200 $20,200 Accounts receivable (net) 83,800 88,000 -4,200 Inventory 243,400 233,800 9,600 Prepaid expenses 25,400 24,200 1,200 Current liabilities Accounts payable $123,600 $140,600 ($17,000) Taxes payable 43,600 49,200 -5,600 Interest payable 9,000 6,400 2,600 Accrued liabilities 38,800 60,400 -21,600 Note payable 44,000 — 44,000 The accounts payable were for the purchase of merchandise. Prepaid expenses and accrued liabilities relate to the firm’s selling and administrative expenses. The company’s condensed income statement follows. SIGN GRAPHICS INC. Income Statement for the Year Ended December 31, 20×5 Sales $713,800 Less: Cost of goods sold 323,000 Gross profit $390,800 Less: Selling & administrative expenses $186,000 Depreciation expense 17,000 Interest expense 27,000 230,000 Add: gain on sale of land $160,800 21,800 Income before taxes $182,600 Income taxes 36,800 Net income $145,800 Other data: 1. Long-term investments were purchased for cash at a cost of $74,600. 2. Cash proceeds from the sale of land totaled $76,200. 3. Store equipment of $44,000 was purchased by signing a short-term note payable. Also, a $150,000 telecommunications system was acquired by issuing 3,000 shares of preferred stock. 4. A long-term note of $49,400 was repaid. 5. Twenty thousand shares of common stock were issued at $5.19 per share. 6. The company paid cash dividends amounting to $128,600. Instructions: a. Prepare the operating activities section of the company’s statement of cash flows, assuming use of: 1. The direct method. 2. The indirect method. b. Prepare the investing and financing activities sections of the statement of cash flows.

Assignment 2: Discussion: Measures of Central Tendency

By Saturday, July 18, 2015, post your response to the prompt in the Discussion Area below. Your initial response should be 1-2 paragraphs. Through Wednesday, July 22, 2015, review and comment on at least two peers’ responses.

Discussion Question

Simply reporting measures of central tendency or measures of variability will not tell the whole story. Using the following information, what else does a psychologist need to know or think about when interpreting this information?

A school psychologist decided to separate some classes by gender to see if learning improved. She looked at student scores on the final exam and obtained the following information: Students in boy-girl classrooms obtained an average of 71.4 on their final exams with a standard deviation of 10.8 whereas students in single-gendered classrooms obtained an average of 75.9 on their final exams with a standard deviation of 8.2. She concludes that the single-gendered classrooms lead to better learning.

 

Assignment 3: Research Design Questions

Suppose you were going to create your own study to examine what course-delivery format (online, blended, or face-to-face) leads to the best performance in a psychological statistics class. In a paper identify the following for your study:

• What is your research question?
• What is your hypothesis (both null and alternate)?
• Is this a qualitative or quantitative design (based on type of variable collected) and why?
• Is this a descriptive, correlational or experimental design and why?
• What would be an example of a variable for this study that could be measured on a nominal scale? Ordinal scale? Interval scale? Ratio scale?
• Once you have collected your data, would you use inferential or descriptive statistics and why?
• Create a sample frequency distribution for one of the variables. Choose either a simple or grouped frequency distribution and explain your choice.

By Monday, July 20, 2015, deliver your assignment to the M1: Assignment 3 Dropbox.

 

Assignment 3 Grading Criteria	Maximum Points
Identified an appropriate research question	3
Correctly identified the null and alternative hypotheses.	6
Explained whether your study would be classified as a qualitative or quantitative design and why.	6
Explained whether your study would be classified as a descriptive, correlational or experimental design and why.	10
Provided an example of a variable for this study that could be measure on a nominal scale, ordinal scale, interval scale, and ratio scale.	13
Explained whether inferential or descriptive statistics would be used to analyze the data collected and why.	6
Created a sample frequency distribution for one of the variables. Selected either a simple or grouped frequency distribution and explained choice.	20
Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation.

Academic institutions have policies and regulations in place to uphold educational standards as well as to ensure the safety and fair treatment of all students.  While those policies are usually well intended, some policies do not work as expected because of the ways in which they are designed, phrased or implemented. The same policy may also affect different people in different ways, and some policies that are helpful for some people may not be well received by others. People who are affected by these policies might respond in a number of ways: some may accept the policies as they are and abide by them regardless of how they feel about them, while others might try to change them by persuading those in power to change or abolish the policies–or at least change the ways they are implemented. If the policies are well designed and implemented but widely misunderstood, it is also possible to communicate with those who are affected to clarify the misunderstanding, providing a different way of seeing the current situation.

The goal of this project is to address a policy issue that affects members of the campus community–students, faculty, staff and administrators. What are some of the current issues and concerns that members of your institution are discussing? What are some of the controversies that are being covered by student newspapers and other campus publications? What policies are in place–or not in place–that may be related to those issues? Who are the stakeholders being affected by those policies and in what ways? Could the situation be improved by creating a new policy, or modifying or abolishing the current policy? Could the issue be resolved by changing the ways in which current policies are implemented? Or could it be addressed by raising the awareness among the stakeholders?

Once you have identified a policy issue, find out as much information as you can about the policy. Possible sources of information could include policy documents, policy makers, people who implement or enforce the policy and people who are affected by the policy. You may choose to interview or survey some of the people involved. You may also find relevant information in local publications, such as campus newspapers and websites.

As you do your research, consider the following questions: What is the policy? Who created it and for what purpose? How effective is the policy? How is it implemented? Which members of the community are being affected by it and how? How is the policy or the implementation perceived by the members of the community? What solutions have already been proposed? What other possible solutions can you think of? If policy changes are needed, who are in the position to create, change, or abolish relevant policies?

Once you have a sense of the issue that you want to address, you will need to determine what type of action needs to be taken in order to address it.  Could the problem that you are focusing on be solved by the creation of a new policy or by modifying a policy that is currently in place?  Or, would it be easier to solve if an existing policy was abolished or the implementation of it was improved?  Upon asking yourself these questions, you should have a better idea of the type of action that needs to be taken in order to solve or alleviate the problem.  Then, write a formal proposal in which you call for that action to be taken.  Ideally, you should address your proposal to the person or group of people who are in the position to accept or consider it.  Thus, you will want to include an overview of the problem, including reasons as to why it is an issue.  After you have established the reason for your proposal, you will want to explain what it is that you are proposing, whether it is the creation, modification, or abolishment of a policy or improving the way that an existing policy is currently implemented.  In other words, what is your plan?  In addition to explaining your proposed course of action, you will also need to include facts and/or research to support your plan and also convince your audience why they should adopt or consider your proposal.

Another option you have is to employ a combination of genres to persuade your audience to create, modify, improve, or abolish the policy you choose.  The genres will depend not only upon the policy that you choose, but also upon your audience.  Who needs to know about this policy? Who are the individuals or institutions that can enact change? For example, you may need to write a letter to the editor, or even a letter to address the policy makers directly.  In other cases, you may want to contact peers, classmates, or future students to spread awareness for the policy. You can target the public at large by writing a news article or exposé on the policy and why it necessitates change. You may choose to create a visual argument (flier, poster, advertisement, public service announcement, brochure) to publicize the policy and why it needs to be created, changed, or eliminated.  Or, you can take your policy to the digital world: create a blog post, Facebook group or event, or petition (like on Change.org) that explains the policy (or lack thereof) to spread awareness of the issue and policy.  If you choose this option, you will write an additional rhetorical rationale that justifies the genres you choose and the decisions you make within each genre.

Your Policy proposal should be about 2,000 words in length, written in a 12-point font like Times New Roman, double-spaced, with 1-inch margins; also always include your name, ASU ID, class and section number, and date in the top left corner of your first page, as well as a List of Works Cited of sources you use in your Writing Project, in APA format (see the OWL at Purdue). You will submit both a rough draft of your paper (on which I and two of your peers will give you feedback, to be used in your revisions) and a final draft on Blackboard, and you will bring a revised draft to class for additional peer and instructor feedback; I will create the relevant links in time for you to submit your assignment drafts on Blackboard

Albert, CEO of XYZ, Inc., desires to expand the company’s sales through exports to three (3) foreign subsidiaries. Albert knows that the target subsidiaries are located in countries that require transactions to be denominated in the local currencies. Albert has researched foreign currency risk and knows that there is accounting exposure in accounting statements, operating exposure in future cash flows, and transaction exposure in outstanding obligations. Albert does not understand how these risks apply to XYZ, Inc. under his proposal or if there are any mitigating risk strategies available. Albert requests you, the head of the Risk Management division, to prepare a report that he can present to the Board of Directors on the potential foreign currency risk if XYZ, Inc. expands sales into these markets. XYZ, Inc.’s reporting currency is the U.S. dollar and the subsidiaries would purchase the merchandise as inventory items.

Note: You may create and / or make all necessary assumptions needed for the completion of this assignment.

Write a three to five (3-5) page paper in which you:

1. Specify accounting exposure, operating exposure, and transaction exposure. Determine the main financial statement effects of each type of exposure if XYZ, Inc. expands as proposed. 
2. Determine two (2) types of hedges regarding foreign exchange risk, in general, and recommend the most advantageous risk mitigation strategy for XYZ, Inc. Provide support for your rationale. Note: Refer to Chapter 9 of the textbook for more information on corporate strategies regarding hedging foreign exchange risk.
3. Determine the main accounting assumptions underlying each currently used method (e.g., current rate method and temporal method). Determine the fundamental differences in balance sheet exposure from the application of each method.
4. Suggest the translation method that XYZ, Inc. should use in order to minimize balance sheet exposure. Provide support for you choice.
5. Compare the U.S. GAAP approach to the IFRS approach of translating foreign currency financial statements. Determine the main similarities and differences between the two (2) methods of translation. Assuming one (1) of the subsidiaries of XYZ, Inc. is located in a highly inflationary country, determine the appropriate translation method under FASB and provide the theoretical justification for your response.     
6. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title 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 assignment page length.