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MBA 503

Module Two Homework

Notes:

· Word-process your solutions within this template. Copy and paste tables from Excel as needed.

· Show all steps used in arriving at the final answers. Incomplete solutions will receive partial credit.

Problem 1

For the following accounts, classify as a current asset (CA), noncurrent asset (NCA), current liability (CL), noncurrent liability (NCL), or stockholders’ equity (SE). Indicate whether each account usually has a debit or credit balance.

Accounts Receivable

Retained Earnings

Taxes Payable

Prepaid Expenses

Contributed Capital

Long-Term Investments

Plant, Property, and Equipment

Accounts Payable

Short-Term Investments

Long-Term Debt

Problem 2

Suppose a company performs the following activities within a year. For each activity, perform transaction analysis and indicate the account, amount, and direction of the effect on the account equation. Use the following headings:

Assets = Liabilities + Stockholders’ Equity

The activities are shown below.

(a) Purchased new equipment costing $20,000, paying $14,000 in cash and signing a note for the rest

(b) Declared $11,000 in dividends to be paid the following year

(c) Sold $2,312 in short-term investments for cash

(d) Investors sold their own stock to other investors on the stock exchange for $121,000

(e) Issued $1,000 of additional common stock shares, and received cash from investors

Problem 3

Shown below are several transactions for a corporation and what accounts are affected. Using the given dollar amounts, explain in words the transaction that took place. Use the transactions to create a balance sheet.

(a) Cash = +$8,000, Contributed Capital = +$8,000

(b) Cash = +$42,000, Note payable (short-term) = + $42,000

(c) Cash = −$2,000, Equipment +$5,000, Note payable (short-term) = +$3,000

(d) Cash = −$6,000, Note receivable (short-term) = +6,000

(e) Cash = −$1,800, Supplies = +$1,800

Problem 4

Given below is the balance sheet for a company.

Balance Sheet (Millions of Dollars)

Assets

Current Assets

Cash

$5,846

Short-term investments

518

Receivables and other assets

4,510

Inventories

607

Other

2,624

$14,105

Noncurrent Assets

Property, plant, and equipment

$1,594

Long-term investments

318

Other non-current assets

2,533

Total assets

$18,550

Liabilities and Stockholders' Equity

Current Liabilities

Accounts payable

$5,816

Other short-term obligations

4,585

$10,401

Long-term Liabilities

$5,159

Stockholders' equity

Contributed Capital

$7,832

Retained Earnings

14,690

Other stockholders' equity items

−19,532

Total stockholders' equity and liabilities

$18,550

Assume the following transactions (in millions) during the remainder of the initial year.

(a) Borrowed $20 from banks due in two years

(b) Lent $170 to affiliates, who signed a six-month note

(c) Purchased additional investments for $6,000 cash; one-third were long term and the rest were short-term

(d) Purchased $1820 worth of property, plant, and equipment; paid $600 in cash and the remainder with additional long-term bank loans

(e) Issued additional shares of stock for $400 in cash

(f) Sold short-term investments costing $3,000 for $3,000 cash

(g) Declared and paid $13 in dividends during Year 1

Prepare a journal entry for each transaction. Then create T-accounts for each balance sheet account and include the new transactions. Post each journey entry to the appropriate T-accounts. Finally, create an updated balance sheet.

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Rubric Tool

Use the following scoring guide, along with the project information, for evaluating each learner's work.

The U.S. Equal Employment Opportunity Commission (EEOC) has published which U.S. equal opportunity employment laws apply outside of the United States as well as equal opportunity employment regulations from Canada, Hong Kong, and the United Kingdom.

For this assignment:

Starting with "The Equal Employment Opportunity Responsibilities of Multinational Employers" article on the U.S. EEOC Web site (linked in the Resources), conduct research to gather information about this topic.

Next, in a one- to two-page paper, identify which EEOC laws you believe are hardest to enforce in another culture, and the primary HR-related challenges in these cultures. Provide supporting rationale.

Once you have completed this assignment, refer to the HR Policies Outside the United States Scoring Guide to ensure you have met all of the requirements of the assignment, and submit it in the assignment area.

Criteria Non-performance Basic Proficient Distinguished Comments

Analyze EEOC laws.

(33%)

[Competency]

Evaluate best HR policies and practices that support multinational organizations. Does not identify EEOC laws. Identifies, but does not analyze, EEOC laws. Analyzes EEOC laws. Analyzes EEOC laws and provides supporting rationale.

Analyze the difficulties in enforcing EEOC laws in other cultures.

(33%)

[Competency]

Evaluate best HR policies and practices that support multinational organizations. Does not identify the difficulties in enforcing EECO laws in other cultures. Identifies, but does not analyze, the difficulties in enforcing EECO laws in other cultures. Analyzes the difficulties in enforcing EECO laws in other cultures. Analyzes the difficulties in enforcing EECO laws in other cultures and provide examples of these difficulties.

Explain the rationale regarding why the regulations conflict with cultural norms.

(34%)

[Competency]

Evaluate best HR policies and practices that support multinational organizations. Does not identify the rationale regarding why the regulations conflict with cultural norms. Identifies, but does not explain, the rationale regarding why the regulations conflict with cultural norms. Explains the rationale regarding why the regulations conflict with cultural norms. Explains the rationale regarding why the regulations conflict with cultural norms and provides examples of these conflicts.

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