For the following transaction of XYZ Inc. during the month of March: As of March 31, the firm owes interest on the Notes Payable.   Indicate how the following are affected at the time of the transaction (for each choose among the 3: I=increase, D=decrease, and N=no effect).       Assets Liabilities Net Income Cash flow           

For the following transaction of XYZ Inc. during the month of March: A client filed lawsuit against XYZ Inc. demanding damages of $1 million for injuries incurred in using the products sold by XYZ.  The case is set for hearing in Court in the following year. Indicate how the following are affected at the time of the transaction (for each choose among the 3: I=increase, D=decrease, and N=no effect).       Assets Liabilities Net Income Cash flow           

For the following transaction of XYZ Inc. during the month of March: Paid for maintenance expenses for the current period Indicate how the following are affected at the time of the transaction (for each choose among the 3: I=increase, D=decrease, and N=no effect).       Assets Liabilities Net Income Cash flow           

You are allowed to use one sheet of blank paper for scratch work. If you use one, you must hold up both sides of this paper in front of the camera at the beginning of the exam (both sides of sheet should be blank) AND at the end of the exam. Any attempts to copy or download parts of the exam or seeking assistance from others are violations of the honor code. This is a closed book exam. All answers should be entered in this Canvas exam. Emailed answers are not accepted.   This page is a not a question – this lists useful formulas Assets = Liabilities + Equity Revenues – Expenses = Net Income Retained Earnings beginning balance  + Net Income – Dividends = Retained Earnings ending balance Inventory beginning balance + Purchases – Cost of Goods Sold = Inventories ending balance   Balance Sheet Presentation: Assets (Current Assets first then Non Current Assets); Liabilities (Current liabilities first then Non Current); Equity  (Contributed Capital first and then Retained Earnings)   A=Asset; E=Equity; L=Liability; Rev=Revenue; Exp=expense; D=dividends   Contributed Capital                                                                E Capital or Common stock                                                       E Accounts Payable                                                                   L Accounts Receivable                                                              A Marketable securities or Investment in Stocks/Bonds           A Retained Earnings                                                                  E Salaries paid                                                                           Exp Sales                                                                                       Rev Cost of Goods sold                                                                 Exp Commission to Salespersons                                                  Exp Property, Plant, and Equipment                                             A Tax Payable                                                                            L Cash                                                                                        A Inventories                                                                              A Bonds Payable                                                                        L Dividends paid                                                                        D Additional Paid in Capital                                                      E Utilities Paid                                                                           Exp Land                                                                                        A Computers                                                                              A Advertising                                                                             Exp Research and Development                                                    Exp Notes Payable                                                                         L Depreciation                                                                           Exp    

What is Phil Knight’s emotional reaction to the IPO, as he describes it?

Choose one concept from this course (e.g., founder identity, financial risk, informal governance, or family/personal capital) and EXPLAIN how it applies to Blue Ribbon/Nike’s experience between 1977-1980. Use at least one specific example from the book to support your answer.

Knight structures the IPO so that he retains roughly 46% ownership and the board keeps effective control, deliberately avoiding a structure that would let outside shareholders dictate strategy. Using concepts of ownership and control from the textbook (e.g., separating ownership from management, control-preserving mechanisms), explain the tools Knight used and why control retention mattered so much to him

What major legal/financial threat does Nike face in the late 1970s that nearly bankrupts the company?

What recurring theme does Knight return to when reflecting on the company’s near-collapse and survival through the customs case?

What did Nissho discover during its audit of Blue Ribbon’s finances that Knight had concealed from them?