Glaus Corp, signed a three month, zero-interest-bearing not on November 1, 2010 for the purchase of $150,000 of inventory. The face value of he note was $152,205. Assuming Glaus used a “Discount on Note Payable” account to initally record the note and that the discount will be amortized equally over the 3-month period, the adjusting entry made at December 31, 2010 will include a: a)debit to discount on Note Payable for $735 b)debit to interedt Expense for $1,470 c)credit to Discount on Not Payable for $735 d)Credit to Interest Expense for $1,470

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Glasier Health Products In this case, management needs assistance in evaluating and classifying costs identified within Glaser Health Products in order to implement an activity-based costing system. Please address Questions 1 through 6 at the end of the case. Based on the case questions, you are required to provide a two to four double-spaced written report providing management with the necessary guidance in implementing an activity-based costing system. The written report should be properly formatted according to APA guidelines and demonstrate research and critical thinking skills. Explanations and recommendations should be supported by at least 3 scholarly sources from the Ashford Library or other external sources, excluding the textbook. For Questions 1 through 3, create a chart to classify and identify a cost driver for each of the costs provided in the text. The chart should be included as an appendix to the written report. Explanations of the classifications and identifications within the chart should be included within the written report, supported by references to the appendix. Questions 4 through 6 should be addressed in fully developed explanations/instructions as part of your written report. The written analysis should be supported by at least three scholarly sources, excluding the textbook. Week 3 Written Assignment should:•Demonstrate graduate level work including appropriate research and critical thinking skills.•Be presented as a written analysis (not a question/answer format).•Incorporate case questions into the overall analysis.•Follow APA formatting guidelines including title page, reference page and in-text citations.•Consists of two to four double-spaced pages of content.•Provide at least three scholarly sources, excluding the textbook.

Answer1. Identify each of the costs with the appropriate division: Operations, Sales,Administrative.CostDivision(a) Depreciation on factory equipment.Operations(b) Depreciation on office…

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Glade, Inc. is trying to decide whether to increase the commission-based pay of its salespeople. Currently, each of its five salespeople earns a 14% commission on the units they sell for $100 each, plus a fixed salary of $41,000. Glade hopes that by increasing commissions to 19% and decreasing each salesperson’s salary to $21,600, sales will increase because salespeople will be more motivated. Currently, sales are 14,000 units. Glade’s other fixed costs, NOT including the salespeople’s salaries, total $596,000. Glade’s other variable costs, NOT including commissions, total $12 per unit.

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Global Business:

In terms of the approaches to exchange rate forecasting, which of the following is based on the premise that there are analyzable market trends and waves and that previous trends and waves can be used to predict future trends and waves?

Multiple Choice

• chart analysis
• technical analysis
• behavioral equilibrium model
• fundamental analysis
• portfolio balance model

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Global Advisers Company (GAC) is a registered investment counseling firm solelyinvolved in

managing

international securities portfolios. After much research on the

developing economy and capital markets of the country of South Korea, GAC has

decided to include an investment of South Korea stock market in its Emerging Market

Commingled Fund. However, GAC has not yet decided whether to invest actively or

by indexing. Your opinion on the active versus indexing decision has been solicited.

A summary of the research findings follows.

South Korea’s economy is fairly well diversified across agricultural and natural

resources, manufacturing (both consumer and durable goods), and a growing finance

sector. Transaction costs in securities markets are relatively large in South Korea

because of high commissions and government “stamp taxes” on securites trades.

Accounting standards and disclosure regulations are quite detailed, resulting in wide

public availability of reliable information about companies’ financial performance.

Capital flows into and out of South Korea and foreign ownership of South Korea

securities are strictly regulated by an agency of the national government. The

settlement procedures under these ownership rules often cause long delays in settling

trades made by nonresidents. Senior finance officials in the government are working

to deregulate capital flows and foreign ownership, but GAC’s political consultant

believes that isolation sentiment may prevent much real progress in the short term run.

i) Briefly discuss four aspects of the South Korea’s environment that favour investing

actively and four aspects that favour indexing.

(ii) Recommend whether GAC should invest in South Korea actively or by indexing

and justify your recommendation based on the factors identified in part i).

2) “Because corporations do not actually raise any funds in secondary markets, they

(secondary markets) are less important to the economy than primary markets.” Discuss

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"