ReddingCompany_Cash Budget ReddingCompany_Cash Budget Question 2. ReddingCompanyhasbudgetedsalesrevenuesasfollows: June July August Creditsales 135,000 145,000 90,000 Cashsales 90,000 255,000 195,000 Totalsales 225,000 400,000 285,000 Pastexperienceindicatesthat60%ofthecreditsaleswillbecollectedinthemonthofsaleandthe remaining40%willbecollectedinthe followingmonth.Purchasesofinventoryarealloncreditand50% ispaidinthemonthofpurchaseand50%inthemonthfollowingpurchase.Budgetedinventory purchasesare: June 300,000 July 250,000 August 105,000 Othercashdisbursementsbudgeted:(a)sellingand administrativeexpensesof$48,000 each month,(b) dividendsof$105,000 willbepaidinJuly,and(c) purchaseofequipmentin Augustfor$30,000 cash. Thecompanywishestomaintaina minimumcashbalanceof$50,000 attheendofeachmonth. Instructions PrepareacashbudgetforthemonthsofJulyandAugust.
Businesses have to make many financial decisions Businesses have to make many financial decisions Question Businesses have to make many financial decisions that have a direct impact on operations and the ability to successfully compete in the marketplace. Base your writing on the information from the course coupled with information located in the Strayer databases or Internet.Write a three to four (3-4) page paper in which you:Explain the process of financial planning used to estimate asset investment requirements for a corporation. Explain the concept of working capital management. Identify and briefly describe several financial instruments that are used as marketable securities to park excess cash.Assume that you are financial advisor to a business. Describe the advice that you would give to the client for raising business capital using both debt and equity options in today’s economy.Explain why a business may decide to seek capital from a foreign investor indicating the risk and rewards for such a decision. Provide support for rationale.Explain the historical relationships between risk and return for common stocks versus corporate bonds. Explain how diversification helps in risk reduction in a portfolio. Support response with actual data and concepts learned in this course.Use at least one (1) quality references. Note: Wikipedia and other Websites do not quality as academic resources.
Specific identification methofd_Boston Galleries Specific identification methofd_Boston Galleries Question Specific identification methofd_Boston Gallerie1. Specific identification methofd. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.Painting Cost1/2 Beginning inventory Woods $21,0004/19 Purchase Sunset 21,8006/7 Purchase Earth 31,20012/16 Purchase Moon 4,000 Woods and Moon were sold during the year for a total of $35,000.Determine the firm’sa. cost of goods sold.b. gross profitc. ending inventory.
Hardin Company_manufacturing overhead budget for 2012 Hardin Company_manufacturing overhead budget for 2012 Question Hardin Company is preparing its manufacturing overhead budget for 2012. Relevant data consist of the following. Units to be produced (by quarters): 10,000, 12,000, 14,000, 16,000. Direct labor: Time is 1.5 hours per unit. Variable overhead costs per direct labor hour: Indirect materials $0.70; indirect labor $1.20; and maintenance $0.50. Fixed overhead costs per quarter: Supervisory salaries $35,000; depreciation $16,000; and maintenance $12,000. Complete the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, i.e. 4.25.) HARDIN COMPANY Manufacturing Overhead Budget For the Year Ending December 31, 2012 Quarter 1 2 3 4 Year Variable costs Indirect materials $ $ $ $ $ Indirect labor Maintenance Total variable Fixed costs Supervisory salaries Depreciation Maintenance Total fixed Total manufacturing overhead$ $ $ $ $ Direct labor hours Manufacturing overhead rate per direct labor hour $
business managment data bank business managment data bank Question 86. (p. 105) Emotional disagreement directed toward other people is: A. Cooperation B. Affective conflict C. Compromise D. Collusion E. Disillusionment 87. (p. 105) The most constructive type of conflict is ______________ conflict. A. No B. Emotional C. Cognitive D. Effective E. Dialectic 88. (p. 105) In an effort to combat groupthink and an overall lack of creativity, the group leader assigned Tiffani to the task of criticizing ideas throughout the meeting. Tiffani was playing the role of: A. Conflict manager B. Devil's advocate C. Dialectic D. Conflict antagonist E. All of the above 89. (p. 105) When two of your employees consistently disagree with each other to the point of developing anger and bitterness which impacts the work group, it is a case of: ________. A. Cognitive conflict B. Affective conflict C. Devil's advocate D. Dialectic approach E. Brainstorming 90. (p. 105) The dialectic method requires that: A. People present contrary arguments in order to force investigation of the alternative under consideration B. A debate between two conflicting courses of action be held C. Conflict generated within the group be minimized D. Conflict generated within the group be maximized E. The leader perform the role of peacekeeper 91. (p. 105) In an attempt to make a conflict between two employees less personal and emotional, their manager assigns each of them to approach a problem from a different viewpoint. This is an example of using the ____________ approach. A. Cognitive conflict B. Affective conflict C. Devil's advocate D. Dialectic approach E. Groupthink 92. (p. 105) All of the following are ways that managers can encourage creativity EXCEPT: A. Give creative efforts credit B. Stimulate and challenge people intellectually C. Keep your employees isolated from customers to avoid conflicting information D. Avoid extreme time pressures when possible E. Strive to be creative yourself 93. (p. 106) A process in which group members generate as many ideas about a problem as they can; and criticism is withheld until all ideas have been proposed is: A. Brainstorming B. Forecasting C. Satisficing D. Cooperation E. None of the above 94. (p. 106) In order to be creative, a brainstorming session must: A. Be free of criticism B. Be held in private C. Be done professionally D. Be done face-to-face E. Involve industry experts 95. (p. 108) ____________ is the concept that decision makers cannot be truly rational because decisions are complex and complete information is unavailable. A. Bounded rationality B. Incremental decision making C. Garbage can D. Coalitional decision making E. None of the above is correct 96. (p. 108) The ______________ model of decision making arises when people disagree on goals or compete with one another for resources. A. Coalitional B. Trial-and-error C. Garbage can D. Incremental E. None of the above 97. (p. 108) The _______ model of decision making occurs when decision makers make small decisions and move in piece-meal fashion toward a bigger solution. A. Incremental B. Trial-and-error C. Garbage can D. Coalitional E. Political 98. (p. 110-111) Which of the following questions is management NOT required to consider when managing a crisis? A. Can our company detect a crisis in its early stages? B. How might our company benefit from the crisis? C. How would our company manage a crisis if one occurred? D. Can our company absolve itself of any blame for the crisis? E. What kinds of crises might our company face? 99. (p. 110) Which of the following is NOT an element of an effective plan for crisis management? A. Psychological and cultural actions B. Technical and structural actions C. Competitive actions D. Evaluation and diagnostic actions E. Strategic actions
fin 500 homework week 10 fin 500 homework week 10 Question Problem 1 Suppose new instruments for a firm cost $18,000 with an additional installation fee of $2,000, both of which are depreciable. Complete the depreciation schedule shown below using the Modified Accelerated Cost Recovery System (MACRS) 3-year class. Year Rate Basis Depreciation 1 2 3 4 Problem 2 A company is evaluating a proposed 4-year project. The depreciable cost will include the following: $300,000 for the equipment, $20,000 for shipping, and $30,000 for installation. The depreciation life is under the MACRS 3-year class, with a salvage value of $45,000. The inventories will rise by $18,000 and accounts payable will rise by $3,000. In addition, the new sales are estimated to be 150,000 units per year at $2.25 per unit. There is a variable operating cost that is 60% of sales and the company’s marginal tax rate is 35%. Determine the net operating cash flow for the initial year (Year 0). Problem 3 A company is evaluating a proposed 4-year project. The depreciable cost will include the following: $300,000 for the equipment, $20,000 for shipping, and $30,000 for installation. The depreciation life is under the MACRS 3-year class, with a salvage value of $45,000. The inventories will rise by $18,000 and accounts payable will rise by $3,000. In addition, the new sales are estimated to be 150,000 units per year at $2.25 per unit. There is a variable operating cost that is 60% of sales and the company’s marginal tax rate is 35%. Determine the net operating cash flow for Years 1, 2, and 3. Problem 4 The net cash flows for any year during the life of capital expenditure project are equal to the change in ____ plus the change in ____. a. earnings before interest and taxes; depreciation b. earnings before taxes; depreciation c. earnings after taxes; depreciation d. revenues; costs Problem 5 Depreciation is based on the asset cost plus all of the following except: a. shipping costs b. increase in inventory c. installation d. cost of attached equipment acquired at the same time
English paper on Personal knowledge and Experience English paper on Personal knowledge and Experience Question Choose a topic from your personal knowledge and experience. Remember that you must utilizeyour first-hand experience to prove your authority to write on a topic. Purely generalized and/orfactual information is not acceptable.• Write in your own words, from your perspective or point of view, using the pronoun “I.”• Capture your reader’s attention with an interesting introductory paragraph.• Use specific examples from your personal experience.• Use concrete or vivid words.• Use complete sentences, varying your sentence length and structure.• Use fully developed paragraphs, where each paragraph has only one main idea with enoughsupporting details to develop that idea clearly and logically.• Write a total of 750 to 2,500 words on your topic. (If your essay is typed and double-spaced, yourfinal draft should be between three and ten pages.
saint mba560 quiz 6 saint mba560 quiz 6 Question Question 1.1.Select the correct statement regarding fixed costs. (Points : 2) They do not change, because fixed costs should be ignored in decision making. The fixed cost per unit increases when volume increases. The fixed cost per unit decreases when volume increases. The fixed cost per unit does not change when volume decreases. Question 2.2.Hico Bottling Company pays its production manager a salary of $5,000 per month. Salespersons are paid strictly on commission, at $2 for each case of product sold. For Hico Bottling Company, the production manager’s salary is an example of: (Points : 2) a variable cost. a fixed cost. a mixed cost. none of the above. Question 3.3.Select the correct statement regarding fixed costs. (Points : 2) There is a contradiction between the term "fixed cost per unit" and the behavior pattern implied by the term. Fixed cost per unit is not fixed. Total fixed cost remains constant when volume changes. All of the above are correct statements. Question 4.4.Java Joe's operates a chain of coffee shops. The company pays rent of $12,000 per year for each shop. Supplies (napkins, bags and condiments) are purchased as needed. The manager of each shop is paid a salary of $2,000 per month, and all other employees are paid on an hourly basis. Relative to the number of customers for a shop, the cost of rent is which kind of cost? (Points : 2) Fixed cost Variable cost Mixed cost Relevant cost Question 5.5.Wall Company incurred $30,000 of fixed cost and $40,000 of variable cost when 1,000 units of product were made and sold. If the company’s volume doubles, the company’s total cost will: (Points : 2) stay the same. double as well. increase but will not double. decrease. Question 6.6.Select the incorrect statement regarding the contribution margin income statement. (Points : 2) The contribution margin approach for the income statement is acceptable for external reporting. Contribution margin represents the amount available to cover fixed expenses and thereafter to provide profit. The contribution margin approach to preparing an income statement requires that all costs be classified as fixed or variable. Assuming no change in fixed costs, a $1 increase in contribution margin will result in a $1 increase in profit. Question 7.7.Once sales reach the breakeven point, each additional unit sold will: (Points : 2) increase fixed cost by a proportionate amount. reduce the margin of safety. increase profit by an amount equal to the per unit contribution margin. increase the company's operating leverage. Question 8.8.The following income statement is provided for Flint, Inc. Sales revenue (2,500 @ $20 a unit) $50,000 Variable costs (2,500 x $11) 27,500 Fixed costs 17,000 Net income $ 5,500 What is this company's magnitude of operating leverage? (Points : 2) 9.1 5.00 4.1 1.8 Question 9.9.At its $25 selling price, Paciolli Company has sales of $10,000, variable manufacturing costs of $4,000, fixed manufacturing costs of $1,000, variable selling and administrative costs of $2,000 and fixed selling and administrative costs of $1,000. What is the company's contribution margin per unit? (Points : 2) $15 $10 $0.60 $0.40 Question 10.10.Operating leverage exists when: (Points : 2) small percentage changes in revenue produce large percentage changes in profit. management buys enough of the company's shares of stock to take control of the corporation. the organization makes purchases on credit instead of paying cash. the organization avoids all fixed costs in its operations. Question 11.11.Wall Company incurred $30,000 of fixed cost and $40,000 of variable cost when 1,000 units of product were made and sold. If the company’s volume increases to 1,500 units, the company’s total costs will be: (Points : 2) $80,000 $105,000 $87,500 $90,000 Question 12.12.Which of the following costs is most likely to be directly traceable to a specific department in a retail clothing store? (Points : 2) The cost of heating and air conditioning the department The cost of supplies The cost of commissions paid to the sales staff All of the above Question 13.13.Milton Company has three departments occupying the following amount of floor space: Department 1 15,000 sq. ft. Department 2 10,000 sq. ft. Department 3 25,000 sq. ft. How much store rent should be allocated to Department 2 if total rent is equal to $100,000? (Points : 2) $25,000 $50,000 $20,000 None of the above Question 14.14.Cost allocation involves: (Points : 2) identifying a cost driver for each cost to be allocated. calculating an allocation rate for each cost to be allocated. multiplying the allocation rate by the weight of the cost driver. all of the above. Question 15.15.Allocation of costs to various cost objects: (Points : 2) may affect managers’ performance evaluation. may affect resource allocations within a company. may affect the apparent profitability of the various products a company makes. all of the above. Question 16.16.Parker & Co. expects overhead costs of $400,000 per year and direct production costs of $12 per unit. The estimated production activity for the 2010 accounting period is as follows: 1stQuarter 2ndQuarter 3rdQuarter 4thQuarter Units produced 11,500 9,000 8,250 11,250 The predetermined overhead rate based on units produced is (rounded to the nearest penny) is: (Points : 2) $0.75 per unit. $9.00 per unit. $34.80 per unit. $10.00 per unit. Question 17.17.Select the incorrectstatement from the following. (Points : 2) The cost object determines whether a cost is classified as direct or indirect. The same cost cannot be classified as both direct and indirect. Relevant costs can include direct and indirect costs. Direct costs can display a fixed or variable behavior pat. Question 18.18.Which of the following statements is true regarding the salary of the manager of a fast food hamburger restaurant? (Points : 2) The salary is a fixed cost that is directly traceable to the cost of making hamburgers. The salary is a fixed cost that is directly traceable to the cost of operating a specific restaurant. The salary is a variable cost that cannot be traced to the cost of operating a specific restaurant. None of the above. Question 19.19.Humboldt Corporation manufactures electronic products, including calculators and printers. Cost items of the company include: 1. Labor on assembling a printer 2. Salary of an employee who supervises calculator manufacturing 3. Materials used in making a printer 4. Company president’s salary 5. Salary of the manager of the Calculator Division 6. Depreciation on corporate headquarters building 7. Ink cartridges installed in printer during manufacture 8. Depreciation on equipment used in making calculators 9. Supplies used in corporate offices Which of the costs listed above is a direct cost assuming the cost object is the Calculator Division? (Points : 2) Numbers 2, 5, and 6 Numbers 2, 5, and 8 Number 2 only None of the costs is direct to the Calculator Division Question 20.20.A chair manufacturer makes custom chairs using hand tools, wood, glue, and varnish. Which of the following statements is true? (Points : 2) The cost of wood is a direct and variable cost. The cost of wood is a fixed and indirect cost. The cost of wood is indirect and variable. The cost of wood is a fixed and direct cost.
Some countries are more industrialized than others Some countries are more industrialized than others Question 1. Some countries are more industrialized than others; therefore, they emit greater concentrations of greenhouse gases. Is it okay for one country to produce more greenhouse gases than another country? Why, or why not? Where do you think the U.S. fits in, and why? 200 word response. 2. Considering what you know about the steps of photosynthesis and cellular respiration, how are the two linked? What are the reactants and products of both processes? Could humans survive without plants? 200 word response
accounts data bank accounts data bank Question 23. You have a chance to buy an annuity that pays $550 at the beginning of each year for 3 years. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity? a. $1,412.84 b. $1,487.20 c. $1,565.48 d. $1,643.75 e. $1,725.94 24. You have a chance to buy an annuity that pays $5,000 at the beginning of each year for 5 years. You could earn 4.5% on your money in other investments with equal risk. What is the most you should pay for the annuity? a 20,701 b. $21,791 c. $22,938 d. $24,085 e. $25,289 25. Your uncle is about to retire, and he wants to buy an annuity that will provide him with $75,000 of income a year for 20 years, with the first payment coming immediately. The going rate on such annuities is 5.25%. How much would it cost him to buy the annuity today? a. $825,835 b. $869,300 c. $915,052 d. $963,213 e. $1,011,374 26. Your father is about to retire, and he wants to buy an annuity that will provide him with $85,000 of income a year for 25 years, with the first payment coming immediately. The going rate on such annuities is 5.15%. How much would it cost him to buy the annuity today? a. $1,063,968 b. $1,119,966 c. $1,178,912 d. $1,240,960 e. $1,303,008 27. You inherited an oil well that will pay you $25,000 per year for 25 years, with the first payment being made today. If you think a fair return on the well is 7.5%, how much should you ask for it if you decide to sell it? a. $284,595 b. $299,574 c. $314,553 d. $330,281 e. $346,795 28. Sam was injured in an accident, and the insurance company has offered him the choice of $25,000 per year for 15 years, with the first payment being made today, or a lump sum. If a fair return is 7.5%, how large must the lump sum be to leave him as well off financially as with the annuity? a. $225,367 b. $237,229 c. $249,090 d. $261,545 e. $274,622 29. What’s the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,000 at the end of Year 4 if the interest rate is 5%? a. $8,509 b. $8,957 c. $9,428 d. $9,924 e. $10,446 30. Suppose you inherited $275,000 and invested it at 8.25% per year. How much could you withdraw at the end of each of the next 20 years? a. $28,532 b. $29,959 c. $31,457 d. $33,030 e. $34,681 31. Your uncle has $375,000 and wants to retire. He expects to live for another 25 years and to earn 7.5% on his invested funds. How much could he withdraw at the end of each of the next 25 years and end up with zero in the account? a. $28,843.38 b. $30,361.46 c. $31,959.43 d. $33,641.50 e. $35,323.58 32. Your uncle has $375,000 and wants to retire. He expects to live for another 25 years, and he also expects to earn 7.5% on his invested funds. How much could he withdraw at the beginning of each of the next 25 years and end up with zero in the account? a. $28,243.21 b. $29,729.70 c. $31,294.42 d. $32,859.14 e. $34,502.10: