Question 1
"Review APA writing style requirements. Required Reading:(2011) SKS 7000-Executive Concepts in Business Strategy. Pearson Learning Solutions. ISBN: 9780558870638 SKS 7000-Executive Concepts in Business Strategy: Chapters 1, 9, 10, 11, 12, 13 Assignment The Chief Financial Officer (CFO) for XYZ Construction, Inc. has been promoted to the newly created position as the Vice President of Overseas Operations. The CFO?s absence leaves a void in the knowledge base of the owners group regarding several key financial and accounting principles. The owners need you to create a document for them that will help explain several key concepts, terms, and principles associated with financial management, accounting, internal control, cash management, and Sarbanes-Oxley regulations. For this assignment the requirement is to create a document for financial management and accounting that uses generic data and examples that defines and analyzes the following terms, concepts, and principles in a business perspective: Balance Sheet Income Statement Operating Cash Flows Statement of Retained Earnings Net Working Capital Economic Value Added Fixed Assets Turnover Ratio Net Profit Margin Sales Forecast Breakeven Analysis Financial Leverage Double-Entry Accounting System Ledger Liabilities T Account Balance of the Account Sarbanes-Oxley Act of 2002 Cash Equivalents Petty Cash Fund Voucher Length: 5-7 pages (app. 350 words per page) This paper should include example forms and example of data analysis associated with the aforementioned items. You do not have to write in narrative format as an APA-style research paper. Instead, This paper need only be a series of definitions and brief explanations. Be sure to describe, discuss, and analyze the terms thoroughly. The only required references for this assignment are the chapters included within the e-book, which contain all the information you need to complete this assignment. You may re-create the examples from the textbooks using your own generic data. Your mentor will only grade you on the completeness and accuracy of the assignment, not on APA form and style. Your writing should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Responses should reflect graduate-level writing standards and have no spelling, grammar, or syntax errors.,there are no example forms and example of data analysis associated with the aforementioned items.
Question 2
1. If the activity level increases 10%, total variable costs will a. remain the same. b. increase by more than 10%. c. decrease by less than 10%. d. increase 10%. 2. A decrease in the level of activity will have the following effects on the costs per unit: Unit Variable Cost Unit Fixed Cost a. Increases Decreases b. Remains constant Increases c. Decreases Remains constant d. Remains constant Decreases 3. A mixed cost contains a. a variable element and a fixed element. b. both selling and administrative costs. c. both retailing and manufacturing costs. d. both operating and non-operating costs. 4. Two costs at Watson, Inc. appear below for specific months of operation. Month Amount Units Produced Delivery costs January $ 60,000 40,000 February 90,000 60,000 Utilities January $ 84,000 40,000 February 120,000 60,000 Which type of costs are these? a. Delivery costs and utilities are both variable. b. Delivery costs and utilities are both mixed. c. Utilities are mixed and delivery costs are variable. d. Delivery costs are mixed and utilities are variable. 5. For analysis purposes, the high-low method usually produces a(n) a. reasonable estimate. b. precise estimate. c. overstated estimate. d. understated estimate. 6. The following information is for Dasher Airlines: Month Miles Total Cost January 80,000 $ 96,000 February 50,000 80,000 March 70,000 94,000 April 90,000 144,000 In applying the high-low method, what is the unit variable cost? a. $1.44 b. $1.25 c. $1.60 d. Cannot be determined from the information given. 7. Fred?s used high-low data from June and July to determine its variable cost of $15 per unit. Additional information follows: Month Units produced Total costs June 2,000 $40,000 July 1,000 25,000 If Fred?s produces 2,300 units in August, how much is its total cost expected to be? a. $10,000 b. $49,500 c. $34,500 d. $44,500 8. Which one of the following is not an assumption of CVP analysis? a. All units produced are sold. b. All costs are variable costs. c. Sales mix remains constant. d. The behavior of costs and revenues are linear within the relevant range. 9. Snerd Inc. has sales of $500,000 and variable costs of $350,000. What is the contribution margin ratio? a. 43%. b. 30%. c. 70%. d. Cannot be determined because amounts are not expressed per unit. 10. The contribution margin ratio decreases when a. fixed costs increase. b. fixed costs decrease. c. variable costs as a percentage of sales decrease. d. variable costs as a percentage of sales increase. 11. Dudley sold 100,000 units during 2012 with the following costs: Sales $2,000,000 Variable costs: Materials $380,000 Order processing 150,000 Billing labor 110,000 Selling expenses 60,000 Total variable costs 700,000 Fixed costs 1,000,000 How much is the contribution margin per unit? a. $2.00. b. $7.00. c. $17.00. d. $13.00.. 12. Which of the following statements is true? a. In a CVP income statement, costs and expenses are classified only by function. b. The CVP income statement is prepared for both internal and external use. c. The CVP income statement shows gross profit. d. In the CVP income statement costs and expenses are classified as variable or fixed. 13. Clyde sells a product with a unit sales price of $5, unit variable cost of $3 and total fixed costs of $120,000. The number of units the company must sell to break even is a. 60,000 units. b. 24,000 units. c. 240,000 units. d. 40,000 units. 14. Wink has fixed costs of $10,000 per year. Variable costs are 80% of the unit selling price. How much in dollar sales does Wink need to break even per year? a. $8,000. b. $2,000. c. $12,500. d. $50,000. 15. Variable costs for Sam, Inc. are 25% of sales. Its selling price is $80 per unit. If Sam sells one unit more than break-even units, how much will profit increase? a. $60.00. b. $20.00. c. $26.66. d. $320.00. 16. Smudge has a target profit of $40,000. If the unit sales price is $10, unit variable cost is $8, and total fixed costs are $80,000, how many units must Smudge sell to reach its income goal? a. 60,000 units. b. 40,000 units. c. 15,000 units. d. 600,000 units. 17. Roscoe produces only one product: Selling price per unit, $42; Unit variable expenses, $14; Total fixed expenses, $70,000; Actual sales for the month of October 4,000 units. How much is the margin of safety in dollars for the company for October? a. $42,000. b. $63,000. c. $37,800. d. $1,500. 18. In evaluating the margin of safety, the a. break-even point is not relevant. b. higher the margin of safety ratio, the greater the margin of safety. c. higher the dollar amount, the lower the margin of safety. d. higher the margin of safety ratio, the lower the fixed costs. 19. Elon sells its product for $20 each. Each units has variable costs of $6. During November, 1,000 units were sold and fixed costs for the month were $4.20 per unit or $4,200 total for the month. Elon is considering using cheaper materials which would reduce variable costs by 10%. If the new material is used, what happens to the break-even in units per month? a. It is 10% higher than the original break-even point. b. It decreases about 12 units. c. It decreases about 30 units. d. It depends on the number of units the company expects to produce and sell. 20. Marge produces two types of briefcases: During an average month, the Salesperson model has sales of 500 units, a sales price of $80 and variable costs per unit of $40; the Executive model has sales of 350 units, a sales price of $100 and variable costs per unit of $50. Total fixed costs are $24,000 per year. Which of the following is true? a. The Executive model is more profitable for Marge. b. The Salesperson model is more profitable for Marge. c. Both models are equally profitable. d. More information is needed to determine which model is more profitable.
Question 3
AP3-1 AN EASIER FORMAT TO READ IS ATTACHED!! Comprehensive Problem, One Department [LO 3, 4] Regal Polish manufactures a single product in one department and uses a process costing system. At the start of May, there were 10,100 units in process that were 100 percent complete with respect to direct material and 60 percent complete with respect to conversion costs (labor and overhead). During the month, the company began production of 107,800 units. Ending Work in Process Inventory consisted of 5,900 units that were 100 percent complete with respect to material and 70 percent complete with respect to conversion costs. Cost Information Beginning Work in Process Costs Added in May Direct material $4,360 $82,886 Direct labor 220 17,200 Manufacturing overhead 330 17,090 Total $4,910 $117,176 Calculate the cost per equivalent unit for each of the three cost items and in total. (Round answers to 2 decimal places, e.g. 5.25.) Cost per EU Material $ Labor Overhead Total $ Calculate the cost of items completed in May and the cost of ending Work in Process. (Round computations and final answers to 0 decimal places, e.g. 5,250.) Cost of items completed in May $ Cost of items in ending work in process $ Reconcile the sum of the two costs in part b to the sum of beginning Work in Process and costs added in May. $ Total $ Total $,Thank you.
Question 5
"You are the manager of a small dairy in rural Victoria. The demand for your products has diminished in recent years, partly because of the new healthy eating habits of Australians. In order to increase your sales, you have decided to look into expanding into other national and markets that have a strong desire for your products. What can you do to expand your dairy and what management issues would you have to consider?" Hi yes I am agree to pay that price. Kindly charge on my card detail which I provided before. As this is quite urgent please help, get back to me by latest deadline 18/04/2012 9pm with 1500 words. Please kindly provided references as well. Thank you. Hope to hear from you soon.,Thank you. Regarding this assignment is from subject management so the suggestion from lecture is to covered and relevance to management from chap 1 to 6 in the management book by Davidson. As I hope it won't cause any plagiarism. Thank you and look forward the answer.,Hi Rachel, Hope you are doing well. Just wondering when can I get my answer? Look forward to hear from you soon. Regards, Erna,Hi Rachel, thank you so much. Could you mind to help me include the references in the paragraph as well like which part of sentences is come from which part of references that you mentioned at the bottom.,Dear Rachel, As the lecture said, this assignment is more look into management. The assignment should be covered how manager expand the business in planning, organising, leading and controlling. Kindly revised the essay and get back to me as soon as possible due to the submission is by tomorrow. Thank you for your help.
