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Pelican Enterprises had the following account balances in its general ledger at June 30, 2004, the end of the company’s fiscal year. All adjusting entries (except for the accrual of income taxes at 30%) had been entered. The company had an average of 900,000 shares of common stock outstanding during the year.

Required

A. Prepare an income statement in good form, including earnings per share information.

B. Have the closing entries been made to the accounting system? How can you tell? (Hint: You might want to review the accounting cycle in Chapter F3.)

C. What is the amount of net income available to common stockholders? Why is this important information?

D. Why do you think that GAAP require that gross profit, operating income, pretax income, and net income be separately disclosed?

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According to a government agency, 56.7% of mothers in a certain region were breast-feeding their six-month-old babies in 2016. Suppose a health insurance company would like to estimate the proportion of mothers in the region who breast-fed their children at six months in 2018. A random sample of 211 mothers with six-month-old babies was selected, 125 of which were breast-feeding. Complete parts a through c.

– Construct a 95% confidence interval to estimate the actual proportion of mothers with six- month-old babies that were breast-feeding in 2018. and an upper limit of The confidence interval has a lower limit of (Round to three decimal places as needed.)

– What is the margin of error for this sample? The margin of error is. (Round to three decimal places as needed.)

– Is there evidence that this proportion has changed since 2016 based on this sample?

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‘Supply chain relationships don’t mean anything. At the end of the day, it depends entirely on who has the most power. It’s the big boys in the supply chain who decide just how much of a relationship there’s going to be.’ Discuss the implications of this statement.

List ‘before’ and ‘after’ descriptions for procurement as a function and the professionals within that function when considering what procurement came from (staff order  processor  negotiating  discounts  after  supplier  selection  was made  by  others)  and  how it is described in this chapter when it comes to: a business alignment and business involvement; b stage  and  degree  of  involvement  of  procurement  in  supply  chain  design  and   strategy; c amount of time devoted to strategy discussion; d link  between  category  strategy,  supplier  segmentation,  and  vendor  rating,  and  company and supply chain strategic priorities; e calibre of staff in the function (defined as: potential to migrate to other parts of the  business, potentially make CEO one day and have a visible impact on company  and supply chain performance, both on a day-to-day basis as well as in terms of  progressing strategy). Please also offer descriptions/examples of what these differences look like.

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Crisis

Coca-Cola has not always been a squeaky-clean company that never had problems. The stock price of the company is the same price as it was 10 years ago, and this is due to the ethical and legal issues that were associated with the company. A small problem occurred in Belgium in 1999 when a few children fell ill after drinking a product with the Coca-Cola brand on it. They had a recall on the product there in Belgium, but soon after, every item Coca-Cola made was pulled off the shelves in every store. This caused a loss of reputation, which, in turn, made people lose respect for the company and investors started selling their stocks in Coca-Cola. Neighboring countries, such as Luxembourg and the Netherlands, soon followed suit and recalled all products throughout both countries. After Coca-Cola found the root of the problem, that being a bad batch of carbon dioxide, they made an announcement regarding the situation. Being a few days after all this happened was a little too slow for the media, and they ate up the story making Coca-Cola look worse than what was said about them. However, this was not the only occurrence. France supposedly had about one hundred people become sick due to mold in the products they consumed. Every single product was banned throughout France until the problem was resolved, but Coca-Cola had yet another slow response to the problem and their reputation was further diminished. During this crisis, Coca-Cola started to run into different problems with their marketing in European countries with anti-trust laws. They wanted to create a merger with themselves and Orangina, a French company, but their overaggressive style turned off the other companies in the deal, which became a problem. Their strong-arm tactics proved to be too much for the foreign countries, and creating a competitive advantage seemed to cross the line of the anti-trust laws in which they were sued for the by the country of Italy. Italy won the court-case, which caused investigations of the company’s competitive practices, which is never a good thing for business,
1. What was the issue coca-cola faced in Belgium in 1999?What actions did the company have to take right after the issue?

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