Jawaban soal ini dikumpulkan paling lambat pukul 10.00 tanggal 2 Agustus 2022 melalui SUBMIT FILE WORD ATAU EXCEL (TIDAK PDF) Soal 1 Alfa Romeo incurs direct cash costs of $30,000 in manufacturing a red convertible automobile during 2009. Assume that it incurs all of these costs in cash. Alfa Romeo sells this automobile to you on January 1, 2010, for $45,000. You pay $5,000 immediately and agree to make annual payments of $14,414 on December 31 , 2010, 2011, and 2012. Based on the interest rate appropriate for this note of 4% on January 1,2012 , the present value of the note is $40,000. The interest rate appropriate for this note is 5% on December 31 , 2010 , resulting in a present value of the remaining cash flows of $26,802. The interest rate appropriate for this note is 8% on December 31,2011 , resulting in a present value of the remaining cash flows of $13,346 REQUIRED Ignore income taxes. a. Assume that Alfa Romeo accounts for this note throughout the three years using its initial present value and the historical interest rate, Indicate the effects of the fol lowing events on the balance sheet and income statement. (1) Manufacture of the automobile during 2009 (2) Sale of the automobile on January 1, 2010 (3) Cash received and interest revenue recognized on December 31,2010 (4) Cash received and interest revenue recognized on December 31, 2011 (5) Cash received and interest revenue recognized on December 31, 2012 b. Assume that Alfa Romeo values this note receivable at fair value each year with fair value changes recognized in net income. Changes in market interest rates affect the valuation of the note on the balance sheet immediately and the computation of interest revenue for the next year. Indicate the effects of the following events on the bal ance sheet and income statement. (1) Manufacture of the automobile during 2009 (2) Sale of the automobile on January 1,2010 (3) Cash received and interest revenue recognized on December 31, 2010 (4) Note receivable revalued and an unrealized holding gain or loss recognized on December 31,2010 (5) Cash received and interest revenue recognized on December 31, 2011 (6) Note receivable revalued and an unrealized holding gain or loss recognized on December 31,2011 (7) Cash received and interest revenue recognized on December 31, 2012 Soal 2 Analyzing the profitability of restaurants requires consideration of their strategies with respect to owner ship of restaurants versus franchising. Firms that own and operate their restaurants report the assets and financing of those restaurants on their balance sheets and the revenues and operat ing expenses of the restaurants on their income statements. Firms that franchise their restau rants to others (that is, franchisees) often own the land and buildings of franchised restaurants and lease ' franchisees. The income statement includes fees received from franchi sees in the form of I using the franchiser's name; rent for facilities and equipment; and various fees for adv planning, and food and paper products used by the fran chisee. The revenues and operating the franchised restaurants appear on the finan cial statements of the franchisees. Exhibit 4.41 presents profitabilitv ratios and other data for Brinker International. and Exhibit 4.42 presents similar data for Jawaban soal ini dikumpulkan paling lambat pukul 10.00 tanggal 2 Agustus 2022 melalui SUBMIT FILE WORD ATAU EXCEL (TIDAK PDF) Soal 1 Alfa Romeo incurs direct cash costs of $30,000 in manufacturing a red convertible automobile during 2009. Assume that it incurs all of these costs in cash. Alfa Romeo sells this automobile to you on January 1, 2010, for $45,000. You pay $5,000 immediately and agree to make annual payments of $14,414 on December 31 , 2010, 2011, and 2012. Based on the interest rate appropriate for this note of 4% on January 1,2012 , the present value of the note is $40,000. The interest rate appropriate for this note is 5% on December 31 , 2010 , resulting in a present value of the remaining cash flows of $26,802. The interest rate appropriate for this note is 8% on December 31,2011 , resulting in a present value of the remaining cash flows of $13,346 REQUIRED Ignore income taxes. a. Assume that Alfa Romeo accounts for this note throughout the three years using its initial present value and the historical interest rate, Indicate the effects of the fol lowing events on the balance sheet and income statement. (1) Manufacture of the automobile during 2009 (2) Sale of the automobile on January 1, 2010 (3) Cash received and interest revenue recognized on December 31,2010 (4) Cash received and interest revenue recognized on December 31, 2011 (5) Cash received and interest revenue recognized on December 31, 2012 b. Assume that Alfa Romeo values this note receivable at fair value each year with fair value changes recognized in net income. Changes in market interest rates affect the valuation of the note on the balance sheet immediately and the computation of interest revenue for the next year. Indicate the effects of the following events on the bal ance sheet and income statement. (1) Manufacture of the automobile during 2009 (2) Sale of the automobile on January 1,2010 (3) Cash received and interest revenue recognized on December 31, 2010 (4) Note receivable revalued and an unrealized holding gain or loss recognized on December 31,2010 (5) Cash received and interest revenue recognized on December 31, 2011 (6) Note receivable revalued and an unrealized holding gain or loss recognized on December 31,2011 (7) Cash received and interest revenue recognized on December 31, 2012 Soal 2 Analyzing the profitability of restaurants requires consideration of their strategies with respect to owner ship of restaurants versus franchising. Firms that own and operate their restaurants report the assets and financing of those restaurants on their balance sheets and the revenues and operat ing expenses of the restaurants on their income statements. Firms that franchise their restau rants to others (that is, franchisees) often own the land and buildings of franchised restaurants and lease ' franchisees. The income statement includes fees received from franchi sees in the form of I using the franchiser's name; rent for facilities and equipment; and various fees for adv planning, and food and paper products used by the fran chisee. The revenues and operating the franchised restaurants appear on the finan cial statements of the franchisees. Exhibit 4.41 presents profitabilitv ratios and other data for Brinker International. and Exhibit 4.42 presents similar data for