Joshua, the human resource (HR) manager at Potter Inc., has a clear understanding of the firm’s business. This enables him to comprehend the various needs of the business and help the company meet its goals for attracting, keeping, and developing employees with the required skills. This scenario indicates Joshua’s responsibility of:A. providing administrative services.B. preparing a job analysis.C. providing business partner services.D. creating a job design.E. maintaining positive employee relations.

Joshua, the human resource (HR) manager at Potter Inc., has a clear understanding of the firm’s business. Thisenables him to comprehend the various needs of the business and help the company…

 

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Joshua Skateboarding Corporation engaged in the following investment activities during 2019. The company buys debt securities, not intending to profit from short-term differences in price and not necessarily to hold debt securities to maturity, but to have them available for sale in years when circumstances warrant. Joshua’s fiscal year ends on December 31. No investments were held by Joshua on December 31, 2018.

March 31        Acquired 8% Skate Park Company bonds costing $400,000 at face value.

Sept. 1            Acquired $900,000 of Board Wheels Inc. 10% bonds at face value.

Sept. 30          Received semiannual interest payment on the Skate Park Company bonds.

Oct. 2             Sold Skate Park Company bonds for $425,000.

Nov. 1            Purchased $1,400,000 of Snoopy Boards 6% bonds at face value.

Dec. 31           Recorded any necessary adjusting entry(s) relating to the investments. 

The market prices of the investments are:

                       Board Wheels bonds                       $  850,000

                       Snoopy Boards bonds                        $1,460,000

Required:

1. Prepare the appropriate journal entry for each transaction or event during 2019, as well as any adjusting entries necessary at year end. You may assume that all bonds pay interest semi-annually.

2. Indicate any amounts that Joshua Skateboarding would report in its 2019 income statement, 2019 statement of comprehensive income, and 12/31/2019 balance sheet as a result of these investments. Include totals for net income, comprehensive income, and retained earnings as a result of these investments.

 

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Josh is a “runner” for Steve Shady, a prominent sports agent. While on campus at Bigtime University in the State of Missolina, Josh meets (without informing the administration of his presence on campus) with Marcus Goode, Bigtime’s star running back. Goode is a sophomore and has 2 years of eligibility remaining in the NCAA. Bigtime University competes in NCAA FBS Division I. The State of Missolina adopted the UAAA in 2002. Josh represents that Shady is prepared to provide the following to Goode should he agree to be represented by Shady:

1. The keys to a Mercedes-Benz S-500, parked right outside Goode’s apartment.
2. Cash in the amount of $5,000.
3. Training at Shady’s posh Fort Lauderdale, Florida, workout facility in preparation for the NFL draft combine.

Answer the following series of questions in complete sentences:

1. Is the meeting between Goode and Josh subject to the provisions of the UAAA?
2. Assume Goode agrees to be represented by Shady at this meeting. Has the UAAA been violated, and if so, what are the potential penalties?
3. Assume further that Goode later signs a representation agreement. Would either meeting or the signing of the representation agreement adversely affect his amateur eligibility with the NCAA?
4. Assume that 13 days after signing the representation agreement, Goode has a change of heart and notifies Shady that he wants to cancel the contract. May he do so? What, if any, impact will the cancellation have on Goode’s amateur eligibility?

 

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Josh and Mike met each other as roommates during freshmen year at MacAlister College in St. Paul, Minnesota. Despite a rocky start they became best friends. They are planning on going on a two-week adventure together to celebrate their graduation in June. Josh has never been to Europe and wants to visit France or Spain. Mike spent a semester abroad in Aarhus, Denmark, and traveled extensively in northern Europe. Even though he never went to France or Spain, Mike wants to go to some place more exotic like South Africa or Vietnam. For the past week they have been arguing back and forth over where they should go. Josh argues that it will cost too much to fly to South Africa or Vietnam, while Mike counters that it will be much cheaper to travel in Vietnam or South Africa once they are there. Each of them agreed that they can spend no more than $3,500 each on the trip and could be gone for only two weeks. One evening when they were arguing with each other over beers with friends, Sara said, “Why don’t you use what you learned in your project management class to decide what to do?” Josh and Mike looked at each other and agreed that made perfect sense.

1. Assume you are either Mike or Josh, how would you go about making a decision using project management methodology?

2. Looking first at only cost, what decision would you make?

3. After cost, what other factors should be considered before making a decision?

 

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