Dear Newbie,

Welcome to Hampton! My name is Julio Antoni, your supervisor. We believe the best way for you to get familiar with what you are going to be doing here is to throw you right in, so we are asking you to start working on the books for us right away.

For this project you will complete Hampton’s entire accounting cycle.You will be required to record entries in a journal, post to a ledger, complete a trial balance, and prepare financial statements.Transactions will include day to day operations, adjusting entries, dividends and closing entries. All of the work will be completed in the provided Excel workbook (make sure you save the file on to your computer!)

Company Information

Hampton Accounting Service Inc. is a public corporation that has been in business for 1 year.The company is authorized to issue 100,000 shares of common stock at $1 par value.The company provides accounting services and sells accounting software.

To date the company has issued 20,000 shares of common stock, which are still outstanding.The issued shares were sold at $10 per share.A building and furnishings were purchased at the start of the year.The cost of the building was $140,000 and the cost of the furnishings was $30,000.The depreciation will be recorded annually.The estimated useful life of the building is 20 years with a residual value of $10,000. The company uses the Straight line method to depreciate the building.The estimated useful life of the furnishings is 5 years with a residual value of $2,500. The company uses the Double Declining Balance method to depreciate furnishings.The current inventory consists of 30 units of software at a cost of $140.00 each.Inventory is costed using LIFO and the perpetual inventory system. The company uses an allowance method to account for uncollectible accounts.It is estimated that 1% of net credit revenue will be uncollectible, adjusted monthly.Employees are paid $2,500 salary twice a month, on the 16^th for the first half of the month and on the 2^nd of the following month for the last half of the month.Ignore income tax calculations.

See attached files for details on project

This will be an eight-page paper, for the topic you can choose from any number of people or places relevant to the history of American architecture—a building, a public space, astreet, an architect, etc.—tie your topic into larger questions of American national culture and identity (for example, the tensions between urban and rural life, the spaces and stages of democratic citizenship, and/or the politics of race). You will need to find at least five solid scholarly sources (peer-reviewed articles or books by an established press) on your chosen topic. Reputable websites are valid tools and you can cite them (except Wikipedia), but they will not count towards your five sources. The paper should be organized around a single core argument. You must decide what, precisely, you want to say about your topic, and why it is important.

Writing Assignment 3.3

Problem Description: Critical comparison of opposing claims, analytical thinking, and problem-solving

The amount of shaft wear (.0001 in.) after a fixed mileage was determined for each of n = 8 internal combustion engines having copper lead as a bearing material, resulting in a sample mean of 3.72 and s = 1.25. Assuming that the distribution of shaft wear is normal with mean μ, use the appropriate test at level .05 to test H0 : μμ = 3.50 versus Hαα : μμ “>>> 3.50. Please state any assumption you have made if necessary.

Shaft wear in excess of 3.50 could lead to catastrophic failures in extreme weather conditions. Engineers for the manufacturer of the shafts claim that the shaft wear is within acceptable limits. Lawyers representing a class action legal suit filed against the company feel that recent deaths due to catastrophic vehicle failures for engines with this shaft are due to faulty bearings.

1. Conduct the appropriate hypothesis test. Whose claim would you support?
2. Be sure to present the logic of your statistical approach clearly and completely to convince the Judge and jury of your position.
3. Write your response as if you were presenting evidence as an unbiased expert witness.

Audience: As the expert witness for this case, your primary audience is the jury who will be reviewing the case documents. NOTE: this is a different primary audience than your reading discusses. This audience is assumed not to have the specific technical knowledge of the field the witness is explaining. The expert witness must persuade the audience of their expertise and their presentation of the case is the most credible assessment of the facts possible.

Officers of the court, legal advisories, and opposing expert witnesses are important secondary audiences, making it necessary to address any ideas that would counter your case and present why they do not disqualify your case.

Document: This document should present as a memorandum to the court in the case Tolford v. The Automotive Shaft Company. The primary addressee is the Judge – The Honorable Farah Hadi.

Due Date: April 7, 2019

How to Write a Memorandum for Litigation – Use the memorandum guide to format, structure, and develop the content of your memorandum for this assignment. This guide is a modified and abbreviated version of the Drafting a Law Office Memorandum, produced by Cuny School of Law. This memorandum structure is not a legal profession standard. However, the elements of the format, along with the order in which they appear would be familiar to those in the field. For this reason, this type of structure would be important when working with judges, lawyers, and others reviewing legal documents.

Assignment 5 – Stock, Bond and Small Business Valuation (60 points)

YOU ARE TO COMPLETE ALL OF THIS WORK IN EXCEL ONLY AND NO OTHER DOCUMENT FORMAT IS ACCEPTABLE.INDIVIDUAL WORK IS ONLY ACCCEPTABLE.

FINAL PROJECT PRACTICE

• You are to go to http://finra-markets.morningstar.com/BondCenter/Default.jsp?part=3 and search for your company by ticker symbol or company name.You will gather information on two bonds that you want to value using a required rate of return of 6.5%. If you only can find one bond, you may find the other bond from one of the class companies (use GLW). (10 points)
• You are to use your forecast, and complete a DCF calculation using corporate valuation tab in the class spreadsheets we are using to value your company.You will need to justify the discount and growth rates.You should use the common shares outstanding from your spreadsheets to determine the value per share in order to compare to the current stock price.You must provide two sentences on the differences between your valuation and current stock price. (10 points)

For each problem, provide a 1-2 sentence explanation of each answer, which will have points for the explanation.

• What are considered risk free securities and where can you find this information on a daily basis?What are the additional premiums added to the coupon rate to compensate a buyer for additional risk?Happy , Inc. has a 12% coupon bond on the market that has 12 years left to maturity.The bond makes semi-annual payments.If the YTM on the bonds is 13.5%, what is the current bond price?If the payments are annual, what is the price you should pay for the bond? (10 points)
• What are the four stock valuation methods?Zig Zag Corp. will pay a $3.55 per share dividend next year.The company pledges to increase its dividend by 2.8% per year, indefinitely.If you require a 12% return on your investment, how much will you pay for the stock today? (10 points)
• What is the difference between common and preferred stock? What is treasury stock? Happy, Inc. has an issue of preferred stock outstanding that pays s $15.25 dividend per year, in perpetuity.If you are seeking a 11% return, what are you willing to pay for this stock? (10 points)
• Find the current dividend paid for your company to stockholders.Assuming the dividend remained constant for the near future, what is the value of the stock if you are looking for a return of 4.5% and 10%?How does this compare to the current price?What is the difference or problem?What if the company decided to grow the divided by 4% per year in both cases and had the same returns from the first valuations, what would the value be under the different returns? (Hint:There are four calculations) (10 points)