Explain how energy is invested and produced by substrate level phosphorylation in glycolysis including the specific steps.
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P3-1A MASASI COMPANY, INC.
P3-1A MASASI COMPANY, INC.
Trial Balance June 30, 2008 Account Number
Debit Credit
101 Cash $ 7,150
112 Accounts Receivable 6,000
126 Supplies 2,000
130 Prepaid Insurance 3,000
157 Office Equipment 15,000
201 Accounts Payable $ 4,500
209 Unearned Service Revenue 4,000
311 Common Stock 21,750
400 Service Revenue 7,900
726 Salaries Expense 4,000
729 Rent Expense 1,000
Total $38,150 Total $38,150
In addition to those accounts listed on the trial balance, the chart of accounts for Masasi Company,Inc. also contains the following accounts and account numbers:
No. 158 Accumulated Depreciation—Office Equipment,
No. 212 Salaries Payable,
No. 244 Utilities Payable,
No. 631 Supplies Expense,
No. 711 Depreciation Expense,
No. 722 Insurance Expense, and
No. 732 Utilities Expense.
Other data:
1. Supplies on hand at June 30 are $600.
2. A utility bill for $150 has not been recorded and will not be paid until next month.
3. The insurance policy is for a year.
4. $2,500 of unearned service revenue has been earned at the end of the month.
5. Salaries of $2,000 are accrued at June 30.
6. The office equipment has a 5-year life with no salvage value. It is being depreciated at $250 per month for 60 months.
7. Invoices representing $1,000 of services performed during the month have not been recorded as of June 30.
Instructions
(a) Prepare the adjusting entries for the month of June. Use J3 as the page number for your journal.
(b) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances and place a check mark in the posting reference column.
(c) Prepare an adjusted trial balance at June 30, 2008.
Global Citizens Assignment
Blades, Inc.
Assessment of Government Influence on Exchange Rates
Objectives and Learning Outcomes:
The main objective of the assignment is to develop knowledge of global and cultural systems and issues and how they interact with business. Upon successful completion of this assignment, you will be able to identify and describe major global issues in financial markets and the effects of country-level risk.
Instruction:
Suppose that, as a financial analyst, you are tasked with evaluating Blades, a U.S. manufacturer of roller blades. In the assignment, you provide the chief financial officer (CFO) of Blades a better understanding of the process of government intervention and its impact on Blades international business. The company generates most of its revenue and incurs most of its expenses in the United States. However, it has recently begun exporting roller blades to Thailand. You will provide a report that includes your assessment of the Thai government intervention and its impact on the exchange rate of the baht.
Blades, Inc.:
Blades has an agreement with Entertainment Products, Inc., a Thai importer, for a 3-year period. According to the terms of the agreement, Entertainment Products will purchase 180,000 pairs of Speedos, Blades primary product, annually at a fixed price of 4,594 Thai baht per pair. Due to quality and cost considerations, Blades is also importing certain rubber and plastic components from a Thai exporter. The cost of these components is approximately 2,871 Thai baht per pair of Speedos. No contractual agreement exists between Blades, Inc., and the Thai exporter. Consequently, the cost of the rubber and plastic components imported from Thailand is subject not only to exchange rate considerations but to economic conditions (such as inflation) in Thailand as well.
Shortly after Blades began exporting to and importing from Thailand, Asia experienced weak economic conditions. Consequently, foreign investors in Thailand feared the bahts potential weakness and withdrew their investments, resulting in an excess supply of Thai baht for sale. Because of the resulting downward pressure on the bahts value, the Thai government attempted to stabilize the bahts exchange rate. To maintain the bahts value, the Thai government intervened in the foreign exchange market. Specifically, it swapped its baht reserves for dollar reserves at other central banks and then used its dollar reserves to purchase the baht in the foreign exchange market. However, this agreement required Thailand to reverse this transaction by exchanging dollars for baht at a future date. Unfortunately, the Thai governments intervention was unsuccessful, as it was overwhelmed by market forces. Consequently, the Thai government ceased its intervention efforts, and the value of the Thai baht declined substantially against the dollar over a 3-month period.
When the Thai government stopped intervening in the foreign exchange market, Ben Holt, Blades CFO, was concerned that the value of the Thai baht would continue to decline indefinitely. Since Blades generates net inflow in Thai baht, this would seriously affect the companys profit margin. Furthermore, one of the reasons Blades had expanded into Thailand was to appease the companys shareholders. At last years annual shareholder meeting, they had demanded that senior management take action to improve the firms low profit margins. Expanding into Thailand had been Holts suggestion, and he is now afraid that his career might be at stake. For these reasons, Holt feels that the Asian crisis and its impact on Blades demand his serious attention. One of the factors Holt thinks he should consider is the issue of government intervention and how it could affect Blades in particular. Specifically, he wonders whether the decision to enter into a fixed agreement with Entertainment Products was a good idea under the circumstances. Another issue is how the future completion of the swap agreement initiated by the Thai government will affect Blades. To address these issues and to gain a little more understanding of the process of government intervention, Holt has prepared the following list of questions for you, Blades financial analyst, since he knows that you understand international financial management.
1. Why might the Thai government be more likely to intervene to affect the baht than the U.S. government would intervene to affect the dollar? (3 points)
2. Does the intervention effort by the Thai government constitute direct or indirect intervention, and how would it be expected to achieve the governments objective? (3 points)
3. Does the intervention by the Thai government constitute sterilized or nonsterilized intervention? Discuss the difference between the types of intervention and how they could achieve the governments objective. (3 points)
4. Which type of government intervention (sterilized vs. nonsterilized) do you think would be more effective in increasing the value of the baht? Once you choose one of the types, justify your answer. (3 points)
5. If the Thai baht is virtually fixed with respect to the dollar, what would happen to the U.S. levels of inflation? (3 points)
6. What are some of the potential disadvantages for Thai levels of inflation associated with the floating exchange rate system that is now used in Thailand? (4 points)
7. What do you think will happen to the Thai bahts value when the swap arrangement is reversed later? (3 points)
8. Do you have any other suggestions to Mr. Holt with regard to Blades business in this circumstance? (3 points)
Global Citizens Assignment
Blades, Inc.
Assessment of Government Influence on Exchange Rates
Objectives and Learning Outcomes:
The main objective of the assignment is to develop knowledge of global and cultural systems and issues and how they interact with business. Upon successful completion of this assignment, you will be able to identify and describe major global issues in financial markets and the effects of country-level risk.
Instruction:
Suppose that, as a financial analyst, you are tasked with evaluating Blades, a U.S. manufacturer of roller blades. In the assignment, you provide the chief financial officer (CFO) of Blades a better understanding of the process of government intervention and its impact on Blades international business. The company generates most of its revenue and incurs most of its expenses in the United States. However, it has recently begun exporting roller blades to Thailand. You will provide a report that includes your assessment of the Thai government intervention and its impact on the exchange rate of the baht.
Blades, Inc.:
Blades has an agreement with Entertainment Products, Inc., a Thai importer, for a 3-year period. According to the terms of the agreement, Entertainment Products will purchase 180,000 pairs of Speedos, Blades primary product, annually at a fixed price of 4,594 Thai baht per pair. Due to quality and cost considerations, Blades is also importing certain rubber and plastic components from a Thai exporter. The cost of these components is approximately 2,871 Thai baht per pair of Speedos. No contractual agreement exists between Blades, Inc., and the Thai exporter. Consequently, the cost of the rubber and plastic components imported from Thailand is subject not only to exchange rate considerations but to economic conditions (such as inflation) in Thailand as well.
Shortly after Blades began exporting to and importing from Thailand, Asia experienced weak economic conditions. Consequently, foreign investors in Thailand feared the bahts potential weakness and withdrew their investments, resulting in an excess supply of Thai baht for sale. Because of the resulting downward pressure on the bahts value, the Thai government attempted to stabilize the bahts exchange rate. To maintain the bahts value, the Thai government intervened in the foreign exchange market. Specifically, it swapped its baht reserves for dollar reserves at other central banks and then used its dollar reserves to purchase the baht in the foreign exchange market. However, this agreement required Thailand to reverse this transaction by exchanging dollars for baht at a future date. Unfortunately, the Thai governments intervention was unsuccessful, as it was overwhelmed by market forces. Consequently, the Thai government ceased its intervention efforts, and the value of the Thai baht declined substantially against the dollar over a 3-month period.
When the Thai government stopped intervening in the foreign exchange market, Ben Holt, Blades CFO, was concerned that the value of the Thai baht would continue to decline indefinitely. Since Blades generates net inflow in Thai baht, this would seriously affect the companys profit margin. Furthermore, one of the reasons Blades had expanded into Thailand was to appease the companys shareholders. At last years annual shareholder meeting, they had demanded that senior management take action to improve the firms low profit margins. Expanding into Thailand had been Holts suggestion, and he is now afraid that his career might be at stake. For these reasons, Holt feels that the Asian crisis and its impact on Blades demand his serious attention. One of the factors Holt thinks he should consider is the issue of government intervention and how it could affect Blades in particular. Specifically, he wonders whether the decision to enter into a fixed agreement with Entertainment Products was a good idea under the circumstances. Another issue is how the future completion of the swap agreement initiated by the Thai government will affect Blades. To address these issues and to gain a little more understanding of the process of government intervention, Holt has prepared the following list of questions for you, Blades financial analyst, since he knows that you understand international financial management.
1. Why might the Thai government be more likely to intervene to affect the baht than the U.S. government would intervene to affect the dollar? (3 points)
2. Does the intervention effort by the Thai government constitute direct or indirect intervention, and how would it be expected to achieve the governments objective? (3 points)
3. Does the intervention by the Thai government constitute sterilized or nonsterilized intervention? Discuss the difference between the types of intervention and how they could achieve the governments objective. (3 points)
4. Which type of government intervention (sterilized vs. nonsterilized) do you think would be more effective in increasing the value of the baht? Once you choose one of the types, justify your answer. (3 points)
5. If the Thai baht is virtually fixed with respect to the dollar, what would happen to the U.S. levels of inflation? (3 points)
6. What are some of the potential disadvantages for Thai levels of inflation associated with the floating exchange rate system that is now used in Thailand? (4 points)
7. What do you think will happen to the Thai bahts value when the swap arrangement is reversed later? (3 points)
8. Do you have any other suggestions to Mr. Holt with regard to Blades business in this circumstance? (3 points)
Select one of the following personality disorders; borderline, antisocial, or narcisistic personality disorder SEE ATTACHED NOTES
Use the Research Analysis to complete this assignment.
Prepare at least 1,100 word paper that discusses research-based interventions to treat psychopathology.
Review the characteristics of the selected disorder and discuss the research about intervention strategies for the disorder by completing the following:
* Evaluate three peer-reviewed research studies using the University of Phoenix Material: Research Analysis.
* Conceptualize the disorder using the DSM-5, diathesis stress or biopsychosocial model. ( link to explain these models https://en.wikipedia.org/wiki/Diathesis%E2%80%93stress_model)
* Discuss the treatments or interventions that have been shown to be the most effective for your selected disorder.
Cite at least five peer-reviewed sources.
