Question 1
***Please disregard last post! I read the instructions incorrectly.... Please accept this assignment. Thanks for all your help! Required Assignment 2?Manufacturing Budget Analysis Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is manager of the machine shop in the company's factory; Jim is manager of the equipment maintenance department. The men had just attended the monthly performance evaluation meeting for plant department heads. These meetings had been held on the third Tuesday of each month since Robert Ferguson, Jr., the president's son, had become plant manager a year earlier. As they were walking, Tom Emory spoke: ?Boy, I hate those meetings! I never know whether my department's accounting reports will show good or bad performance. I'm beginning to expect the worst. If the accountants say I saved the company a dollar, I'm called ?Sir,? but if I spend even a little too much?boy, do I get in trouble. I don't know if I can hold on until I retire.? Tom had just been given the worst evaluation he had ever received in his long career with Ferguson & Son. He was the most respected of the experienced machinists in the company. He had been with the company for many years and was promoted to supervisor of the machine shop when the company expanded and moved to its present location. The president (Robert Ferguson, Sr.) had often stated that the company's success was due to the high-quality work of machinists like Tom. As supervisor, Tom stressed the importance of craftsmanship and told his workers that he wanted no sloppy work coming from his department. When Robert Ferguson, Jr., became the plant manager, he directed that monthly performance comparisons be made between actual and budgeted costs for each department. The departmental budgets were intended to encourage the supervisors to reduce inefficiencies and to seek cost reduction opportunities. The company controller was instructed to have his staff ?tighten? the budget slightly whenever a department attained its budget in a given month; this was done to reinforce the plant manager's desire to reduce costs. The young plant manager often stressed the importance of continued progress toward attaining the budget; he also made it known that he kept a file of these performance reports for future reference when he succeeded his father. Tom Emory's conversation with Jim Morris continued as follows: Emory: I really don't understand. We've worked so hard to meet the budget, and the minute we do so they tighten it on us. We can't work any faster and still maintain quality. I think my men are ready to quit trying. Besides, those reports don't tell the whole story. We always seem to be interrupting the big jobs for all those small rush orders. All that setup and machine adjustment time is killing us. And quite frankly, Jim, you were no help. When our hydraulic press broke down last month, your people were nowhere to be found. We had to take it apart ourselves and got stuck with all that idle time. Morris: I'm sorry about that, Tom, but you know my department has had trouble making budget, too. We were running well behind at the time of that problem, and if we had spent a day on that old machine, we would never have made it up. Instead, we made the scheduled inspections of the forklift trucks because we knew we could do those in less than the budgeted time. Emory: Well, Jim, at least you have some options. I'm locked into what the scheduling department assigns to me and you know they're being harassed by sales for those special orders. Incidentally, why didn't your report show all the supplies you guys wasted last month when you were working in Bill's department? Morris: We're not out of the woods on that deal yet. We charged the maximum we could to other work and haven't even reported some of it yet. Emory: Well, I'm glad you have a way of getting out of the pressure. The accountants seem to know everything that's happening in my department, sometimes even before I do. I thought all that budget and accounting stuff was supposed to help, but it just gets me into trouble. It's all a big pain. I'm trying to put out quality work; they're trying to save pennies. Review the case. Respond to the following: Identify the problems that appear to exist in Ferguson & Son Manufacturing Company's budgetary control system and explain how the problems are likely to reduce the effectiveness of the system. (approximately 1 page) Explain how Ferguson & Son Manufacturing Company's budgetary control system could be revised to improve its effectiveness. (approximately 1 page) Explain how the use of an activity-based costing system could change the results of the budget, if utilized. (approximately 1 page) As stated in the case, many employees have ?quit trying? and have altered behavior on the job. Provide specific ways for how you would use a budget to change employee behavior and align goals in the organization. Explain how goal alignment can improve profitability and overall return to the shareholders of the company. (approximately 1 page) Synthesize data to explain the concept of ROI and describe how the use of an activity-based costing system can improve the company?s ROI and the potential impact on free cash flow. (approximately 1 page) Write a 5?6-page report in Word format. Apply APA standards to citation of sources.
Question 2
THIS A MEDICAL RECORD CLASS I need a help with the individul part of this assignment for now and my part of the group project I don't have that part yet but will let the expert know what it is later to day so if you can start the individul part the will be great I have attech a resources paper to help out -2 pages per individual, group PowerPoint outline Details: You work in a cancer center at a multi-system major medical center. Due to some staff turnover in the cancer registry department, you have been asked if you are interested in a promotion to a position in that department. This would require some additional education on your part, but you feel you are interested in the challenge. Before you decide whether to accept this position, you want to do some research on cancer registries. You decide to post questions to the discussion site of the local chapter of the American Association of Medical Assistants to which you belong. You post a question asking what the experience is of other medical assistants who have moved into positions working in cancer registries. A number of other medical assistants reply. One of them is on the local chapter's education committee and thinks this would be a good topic for a chapter education program on career growth and asks if you would be interested in helping develop an outline. You agree to help with the education program. Instructions Individual deliverable Using the Library resources, conduct individual research to develop a paper on cancer registries. Include the following: ?description of how either a hospital, state, or national cancer registry works ?type of data collected ?for what purposes the data can be used ?who has access to the data ?how cancer registries function Please add your file. Group Deliverable You and your colleagues are to develop an outline of what topics to cover in the education program. Review and discuss individual findings to develop a PowerPoint outline for discussion with the education program. List at least two items per bullet point. The outline should include the type of information the registry collects and how that data is used.,Thank you but I know longer need the help with question,I have another assignment that I will post I hope you can hep me with,HI RACHEL I HAD SENYOU AN E-MAIL TO TELL YOU I NO LONGER NEED THE ASSIGMENT I AM SO SORRY
Question 3
"Course Home - Course Project Print This Page Course Project: Fixed-Income Security Objective | Guidelines | Milestones | Grading Rubric | Best Practices Objective Students should familiarize themselves with bonds and/or preferred stock as an investment opportunity and as a source of funds. In this assignment, students will determine why a fixed-income security may be offered by a firm, what features it must have in order to be attractive to investors, and what kind of financial results were achieved as a result. Balance sheet accounts as well as certain ratios are to be analyzed. Guidelines Papers should be 10 to 20 pages in length, 10-point font, and double-spaced; and should include a cover page, table of contents, introduction, body of the report, summary or conclusion, and works cited. Even though this is not a scientific-type writing assignment and is mostly creative in nature, references are still very important. At least six authoritative, outside references are required (anonymous authors or web pages are not acceptable). These should be listed on the last page titled "Works Cited." Appropriate citations are required. All DeVry University policies are in effect including the plagiarism policy. Any questions about this paper may be discussed in the weekly Q & A discussion topic. This paper is worth 170 total points and will be graded on quality of research topic and paper information, use of citations, grammar, and sentence structure. See the grading rubric; this is also available in Doc Sharing. Students should pick a company that has issued bonds in the last three years so that the Internet can provide sufficient financial data for analysis. Post in the Journal (a) your company choice, (b) the security offered, and (c) when that security was issued. It?s suggested that you work on at least one of each of the remaining sections each week. The final report is made up of separate sections for each milestone listed below. Each section should be approximately one page (excluding charts, graphs, etc.). Important: When preparing your report, separate the sections with headings that are the same as the highlighted milestones below. Milestones Company Background (15 points) This section should include what industry the firm is in, its products, its competitors, and the stated main reason for needing capital (to fund receivables, capacity expansion, retire older debt, etc.). Balance Sheets (20 points) What did the balance sheet looked like in the quarter just prior to issuing the bonds? Include both a copy from before the issue and after the issue. Calculate at least five of the ratios shown in the Moody?s Bond Rating Chart contained in the Week 2 Lecture both before and after the bonds were issued, and discuss why you think they are important to your report. Trends in YTM and Price (20 points) At what price and YTM was the initial offering sold? Tabulate the price and YTM of the issue at the end of each calendar quarter for the last six quarters. Then, plot the tabulated values to visualize the trends in YTM and prices. Purpose of the Offering and Leverage (20 points) What was the planned use of the funds raised? If you can?t find a specific discussion about that, then use your judgment as to why you think the funds were needed and explain your reasoning. Calculate the financial leverage before and after the offering. Credit Rating (20 points) What credit rating have the bonds been given by the bond credit rating services? Research the criteria each agency uses to determine the rating. Why (or why not) do you think that recent financial statements justify the rating? Rate of Return (30 points) If you were one of the original investors in this issue and you had invested $10,000, what would your total return be if you sold the securities at today?s market price? Compute the duration of the bond and its convexity currently. Add a brief discussion about your calculations. Comparisons (30 points) Identify and compare pre-offering EPS and total equity $ to the most current values. Compute the firm's current WACC assuming the total debt of the firm is in the issue that you analyzed. This means that if the company has more than one debt issue outstanding with a total face value of $X million and your chosen issue involves $Y million, then assume that all $X million is in your issue. This will simplify the calculations without diminishing learning value. Discuss at least three overall conclusions about this offering as a result of your research. Comments (15 points) Please give your opinion about the value of this project to your overall learning experience in this course. Constructive comments, both positive and negative, are appreciated. Discuss at least two characteristics about this project. Please edit your report so that it is something that makes you proud. Grading Rubric Fixed-Income Security Project Rubric Part Points Full Credit 3/4 Credit 1/2 Credit 1/4 Credit 1 15 Thorough description with all requirements All elements included, but lacks some depth Clear reason for funding Some elements included, but lacks depth. Unclear reason for funding Minimal description Most elements missing No reason for funding II 20 Pre and post balance sheets Pre and post D/E and ROE ratios Balance sheets included 3/4 ratios shown Balance sheet included Only 1/2 the ratios shown Missing one or more balance sheet(s) No ROE shown III 20 Trends in YTM and price All included, except 18-month trend incomplete Partial trends included No indication of the trends IV 20 Found and commented on purpose of the offering Computed financial leverage before and after offering Found purpose of offering and leverage, but incomplete Purpose or leverage missing Some information provided without explanation V 20 Found credit rating on the security from two agencies; listed criteria needed for that rating Only one agency rating found Criteria shown Only one agency found, but no criteria shown No credit ratings found VI 30 Computed total return, duration, and convexity, and discussed All calculations shown, interest or dividends shown, but TVM improperly applied Calculations shown and TVM applied improperly TVM not used to calculate total return No calculations shown VII 30 Compared EPS, total equity pre-offering to most current Computed WACC and discussed your thoughts about them Three conclusions reached, but with weak justifications EPS and ROE determined Conclusions shown but without justification Calculations incomplete No conclusions or calculations shown VIII 15 Opinion on value of project to course Two or more constructive comments Opinion with weak justification One constructive comment Opinion without justification One constructive comment No opinions One constructive comment Total Points = 170 Best Practices The following are the best practices in preparing this paper. Plan ahead using the suggested milestones. Do research early so if any problems occur you have time to fix them. If you get stuck at any point, pose questions to your instructor and/or your classmates. Cover page: Include who the paper was prepared for, who prepared it, and the date. Table of contents: List the main ideas and sections of you paper and the pages on which they are located. The illustrations should be included separately. Introduction: Use a header on your paper; this will indicate that you are introducing your paper. The purpose of an introduction or opening is to: introduce the subject and why the subject is important; preview the main ideas and the order in which they will be covered; and establish a tone of the document. Include in the introduction a reason for the audience to read the paper. Also, include an overview of what you are going to cover in your paper and the importance of the material. (This should include or introduce the questions you are asked to answer on each assignment.) Body of your report: Use a header titled with the name of your project (e.g., ?The Development of Hotel X - A World Class Resort?). Then proceed to break out the main ideas. State the main ideas, the major points in each idea, and provide evidence. Break out each main idea you will use in the body of your paper. Show some type of division; you can separate sections that are labeled, separate group of paragraphs, or separate headers. You will include the information you found during your research and investigation. Summary and conclusion: Summarizing is similar to paraphrasing, but presents the gist of the material in fewer words than the original. An effective summary identifies the main ideas and major support points from the body of your report; minor details are left out. Summarize the benefits of the ideas and how they affect the tourism industry. Work cited: Use the citation format as specified in the Syllabus. Additional hints on preparing the best possible project: Apply a three-step process of writing: plan, write, and complete. Prepare an outline of your research paper before you go forward. Complete a first draft and then go back to edit, evaluate, and make any required changes. Use visual communication to further clarify and support the written part of your report (e.g., graphs, diagrams, photographs, flowcharts, maps, drawings, animation, video clips, pictograms, tables, or Gantt charts).
Question 4
Hello!! I am international student. I need this assingment's answer.. Could you help me?,Hello!! This is international student. Coult you help me? I cant understand...,Hello!! I am international I dont know how I can useing this site. I have a acc 111 homework. but I can't understand... Could you help me? Do I have to write the question? P6-1. The general ledger of pockaz Electronics includes the following selected accounts, along woth their account number. Cash -111 Accounts receivable- 112 Notes receivable- 115 Inventory-131 Equipment- 141 Land- 142 Sales Revenue- 411 Sales discounts- 412 Sales Raturns and Allowances- 413 Interest Revenue- 417 Gain on Sale of Land- 418 Cost of goods sold- 511 All credit sales are on the company's standard terms of 2/10, n/30. Sales and cash receipts transactions in September were as follows. Sept.4 - Sold inventory on credit to J. Quilleran $1,200. Pickax's cost of these goods was $480. Sept 7 - As an accommodation to another company, sold new equipment for its cost of $1,1115, receiving cahs in this amount. 7 - Cash sales for the week totaled $3,162(cost $1,264) sept 10 - Sold a surround sound system to Duncan, Inc., on account, $4,245(cost $1,698) sept 11 - Sold land that cost $3,4000 for cash of $53.000. The difference is a gain on sale of land. sept 12 - Sold goods on acount to Weatherby good, $2,100(cost $840) sept 13 - Received cash from J.Quilleran in full settlement of his account receivable from September 4. sept 14- Cash sales for the week were $2,795(cost$1,118) sept 17 - Sold inventroy on credit to Riker and Riker, a partnership, $1,60(cost $504) sept 20 - Received inventory sold on Sept 10 to Duncan, Inc, for $170, The goods we shipped were unsatisfactory. These goods cost pickax $68 20 - Sold a stereo to Weathervy good on account, $5,500 (cost $2,200) sept 21 - Cash sales for the week were $3,260(cost$1,304) sept 22 - Received $1,700 cash from Ducan, Inc, in partial settlement of its account receivable. There was no discount. sept 24 - Received cash from Riker and Riker for its account receivable from september 17. sept 25- Sold goods on account to h,Rice Co,. $2,830( cost $ 1,132) sept 27 - Collected $5,880 on a note receivablem of which $380 was interest. sept 28 - Cash sales for the week totaled $4,160(cost $1,664) sept 29 - Sold inventory on account to Klingenschoen Corporation, $3,200(coast $1,280) sept 29 - Received goods sold on September 25 to H,Rice Co, for $950. The goods were damaged in shipment. The salvage value of these goods was $134. Record the inventory at its salvage value. sept 30 - Received $2,375 cash on account from Duncan , Inc. There was no discount. Requirments. 1. Use the appropriate journal to record the preceding transactions in a sales journal (omit the Invoice No.column) a chas receipts journal and a general journal. Pickax Electronics records sales returns and allowances in the general journal 2.Total each column of the cash receipts journal. Determine that total debits that total creidts. 3. Show how postings would be made from the journals by writing the account numbers and check marks in the appropriate places in the jounals.
Question 5
12-3, (Break even point and operating leverage) Footwear Inc. manufactures a complete line of men and women?s dress shoes for independent merchants. The average selling price of its finished product is $85 per pair. The variable cost for this same pair of shoes is $58. Footwear Inc. incurs fixed costs of $170,000 per year. a. What is the break-even point in pairs of shoes for the company? b. What is the dollar sales volume the firm must achieve to reach the break-even point? c. What would be the firm?s profit or loss at the following units of production sold: 7,000 pairs of shoes? 9,000 pairs of shoes? 15,000 pairs of shoes? 12-4 (break even point and selling price) Parks Castings Inc. will manufacture and sell 200,000 units next year. Fixed costs will total $300,000 and variable costs will be 60 percent of sales. a. The firm wants to achieve a level of earning before interest and taxes of $250,000. What selling price per unit is necessary to achieve this result? b. Set up an analytical income statement to verify your solution to part a. Mini Case (pg. 369) Imagine that you were hired recently as a financial analyst for a relatively new, highly leveraged ski manufacturer located in the foothills of Colorado?s Rocky Mountains. Your firm manufactures only one product, a state-of-the-art snow ski. The company has been operating up to this point without much quantitative knowledge of the business and financial risks it faces. Ski season just ended, however, so the president of the company has started to focus more on the financial aspects of managing the business. He has set up a meeting for next week with the CFO, Maria Sanchez, to discuss matters such as the business and financial risks faced by the company. Accordingly, Maria has asked you to prepare an analysis to assist her in her discussions with the president. As a fist step in your work, you complied the following information regarding the cost structure of the company: Output level 80,000 units Operating assets $4,000,000 Operating asset turnover 8 times Return on operating assets 32% Degree of operating leverage 6 times Interest expense $600,000 Tax rate 35% 14-1, (Financial forecasting) Zapatera Enterprises is evaluating its financing requirements for the coming year. The firm has been in business for only 1 year, but its CFO predicts that the firm?s operating expenses, current assets, net fixed assets, and current liabilities will remain at their current proportion of sales. Last year Zapatera had $12 million in sales, and net income of $1.2 million. The firm anticipates that next year?s sales will reach $15 million, with net income rising to $2 million. Given its present high rate of growth, the firm retains all it?s earning to help defray the cost of new investments. The firm?s balance sheet for 2010 is found below: Zapatera Enterprises Inc. Balance Sheet 12/31/2010 % of sales Current assets $3,000,000 25% Net fixes assets 6,000,000 50% Total 9,000,000 Liabilities and Owners Equity Accounts payable $3,000,000 25% Long-term debt 2,000,000 NA Total liabilities $5,000,000 Common stock 1,000,000 NA Paid in capital 1, 800,000 NA Retained earnings 1, 200,000 Common equity 4,000,000 Total 9,000,000 Estimate Zapatera?s financing requirements (i.e., total assets) for 2011 and its discretionary financing needs (DFN). 14-3 (Financial forecasting) Sambonoza Enterprises projects its sales next year to be $4 million and expects to earn 5 percent of that amount after taxes. The firm is currently in the process of projecting its financing needs and has made the following assumptions (projections): 1. Current assets will equal 200 percent of sales, and fixed assets will remain at their current level of $1 million. 2. 2. Common equity is currently $0.8 million, and the firm pays out half its after-tax earnings in dividends. 3. The firm has short-term payables and trade credit that normally equal 10 percent of sales, and it has no long-term debt outstanding. 4. What are Sambonoza?s financing needs for the coming year? 14-6 (Cash budget) The Sharpe Corporations projected sales for the first 8 months of 2011 are as follows: January $190,000 May $ 300,000 February 120,000 June 270,000 March 135,000 July 225,000 April 240,000 August 150,000 Of Sharpe?s sales, 10 percent is for cash, another 60 percent is collected in the month following the sales, and 30 percent is collected in the second month following sales. November and December sales for 2010 were $220,000 and $175,000, respectively. Sharpe purchases its raw materials 2 months in advance of its sales. The purchases are equal to 60 percent of the final sales price of Sharpe?s products. The supplier is paid 1 month after it makes a delivery. For example, purchases for April sales are made in February, and payment is mad in March. In addition, Sharpe pays $10,000 per month for rent and $20,000 each month for other expenditures. Tax prepayments of $22,500 are made each quarter, beginning in March. The company?s cash balance on December 31, 2010, was $22,000. This is the minimum balance the firm wants to maintain. Any borrowing that is needed to maintain this minimum is paid off in the subsequent month if there is sufficient cash. Interest on short-term loans (12 percent) is paid monthly. Borrowing to meet estimated monthly cash needs takes place at the beginning of the month. Thus, if in the month of April the firm expects to have a need for an additions $60,500, these funds would be borrowed at the beginning of April with interest of $605 (0.12 x 1/12 x $60,500) owed for April and paid at the beginning of May. a. Prepare a cash budget for Sharpe covering the first 7 months of 2011. b. Sharpe has $200,000 in notes payable due in July that must be repaid or renegotiated for an extension. Will the firm have ample cash to repay the notes?
