Kindly solve the following statements please!!!: Buff Tech, Inc. sells computer components and plans to borrow some money to expand. The company has a 12/31 year-end. After reading about earnings management (refer back to Chapter 4), Bucky, the owner has decided he should try to accelerate some sales to improve his financial statement ratios. He has called his best customers and asked them to make their usual January purchases and take delivery of the goods by December 31. He told the customers he would allow them until the end of February to pay for the purchases, just as if they had made the purchases in January.

Note: For revenue recognition purposes, the performance obligation was satisfied by 12/31.

Question:

What are the ethical implications of this plan? What ratios will be improved by accelerating these sales? What about future implications?

[4/2, 09:19] +254 721 751190: The Johnsons Change Their Life Insurance Coverage Harry and Belinda Johnson spend $20 per month on life insurance in the form of a premium on a $10,000, paid-at-65 cash-value policy on Harry that his parents bought for him years ago. Belinda has a group term i-surance policy from her employer with a face amount of $200,000. By choosing a group life insurance plan from his menu of employee benefits, Harry now has $100,000 of group term life insurance. Harry and Belinda have decided that, because they have no children, they could reduce their life insurance needs by protecting one another's income for only four years, assuming the survivor would be able to fend for himself or herself after that time. They also realize that their savings fund is so low that it would have no bearing on their life insurance needs. Harry and Belinda are basing their calculations on a projected 4 percent rate of return after taxes and inflation. They also estimate the following expenses: $15,000 for final expenses, $20,000 for readjustment expenses,

and $5,000 for repayment of short-term debts.

Requirement:

(a) Should the $3,000 interest earnings from Harry's trust fund be included in his annual income for the purposes of calculating the likely dollar loss if he were to die? (See the discussions about the Johnsons in Chapter 1 beginning on page 34.) Explain your response.

(b) Based on your response to the previous question, how much more life insurance does Harry need? Use the Run the Numbers worksheet on page 366 to arrive at your answer.

(c) Repeat the calculations to arrive at the additional life insurance needed on Belinda's life.

(d) How might the Johnsons most economically meet any additional life insurance needs you have determined they may have?

e) In addition to their life insurance planning, how might the Johnsons begin to prepare for their retirement years?

The perspectives of heterodox schools of economic thought draw upon Classical Political Economy, Marxian economics, Institutional Economics and Keynesian Economics. Which of the following does NOT draw upon any of these traditions? O Post-Keynesian Economics. O Feminist Economics. O Ecological Economics. O Experimental Economics. O Evolutionary Economics. O The Social Structure of Accumulation approach. O French Regulation Theory. Austrian economics.Label each entry in the list as dealing with a microeconomic topic or a macroeconomic topic. Macroeconomic | Motor vehicle production in China is growing by 10 percent a year. Microeconomic Coffee prices rocket. Macroeconomic Globalization has reduced African poverty. Macroeconomic The government must cut its budget deficit. Microeconomic Apple sells 20 million iPhone 6 a month. Click to select your answer(s). Save for LaterMore Info X 3 Paid $300 for the purchase of office supplies. 8 Paid $30,000 cash to purchase land for an office site. 12 Purchased office equipment on account, $2,800. 17 Borrowed $5,000 from the bank. Alton signed a note payable to the bank in the name of the business. 26 Paid $2,400 on account. 30 Revenues earned during the month included $7,000 cash and $21,000 on account. 30 Paid employees' salaries, $2,650; office rent, $1,300; and utilities, $150. 30 Paid $3,000 of dividends to stockholder, Alton. an