Question 1
You will need to look at the attached document for all the pieces of this problem. If you need anything additional, please let me know. For inventory, I?ve attached an inventory memo that I received from Bradley. I thought he sent you a copy already, but I don?t doubt that he didn?t. I don?t think he knows what an inventory observation memo is ? you?ll have to write the memo based upon Bradley?s observation notes and what you observed when you were there on December 31. In addition to writing an inventory observation memo, you will need to tie in Bradley?s test counts on the client?s count sheets to Apollo?s Inventory Warehouse Report. Finally, tie the Inventory Warehouse Report to Apollo?s Inventory Status Report supplied by Karina last week. Next, judgmentally sample a number of unit costs from recent invoices and tie them to the Inventory Status Report. If the numbers agree, tie the Inventory Status Report into the Inventory Lead Schedule. Lastly, tie the lead schedule into the Trial Balance. Be careful to determine the proper accounts for adjustment when inventory is included or excluded from the physical count. By ?included,? I mean that the inventory cost should already be in the general ledger balance shown in the trial balance. When the inventory is adjusted to match the physical count, the adjustment is to cost of goods sold. The Reserve for Inventory Obsolescence decreased significantly from last year. My conversation with Samuel Carboy indicated that they received a huge number of odd-sized shoes from their principal supplier last year against which the previous auditors made them set up a reserve. He indicated that, with the exception of the odd-sized shoes, Apollo generally turns over its entire inventory several times a year. As the quantity of odd sizes gradually decreases, the reserve has been decreased by reducing the reserve and Cost of Goods Sold.,This is the observation note that Bradley had. It was in the excel document that I had attached in my first post. If you have any more question, please let me know. If you need additional time, I am able to give you until Wed evening if you need it. Thanks for your help! Date: Mon, 31 DEC 2007 4:43:52 +0000 To: ?Darlene Wardlaw? From: "Bradley Crumpler" Subject: Apollo Shoes Inventory Observation While the ?in-charge? was drinking coffee and scarfing down doughnuts with Karina, I was out in the warehouse counting! This is what I observed: ? I saw the Apollo manager (Andrew Jacobs) giving instructions to the count teams. (I?ve attached a copy to put in the workpapers.) ? Shoe boxes were stacked in pallets. Each pallet was six boxes wide by six boxes deep and stacked 30 boxes high (6X6X30=1080 boxes/pallet). Each pallet included all the same sizes of men?s, women?s and children?s shoes. According to the in-charge?s instructions, I had them open up a number of boxes throughout the warehouse to make sure that shoes were in each of them. Boy, were they upset about that! ? Apollo personnel counted all inventory, including a shipment of shoes costing $8,434,889.09 that was received on December 31. The invoice shows the shipment was made from the Anglonesia Rehabilitation and Reprogramming Institute on December 26, ?FOB Destination.? I attached a copy of the purchase invoice as well as the ones from the previous two purchases. These were the only shipments received in the last several months. I observed a count tag on every pallet. ? There were a total of 98 count sheets. I recounted all the items on seven count sheets (attached). There were no differences between my test counts and those counted by the client. For some reason, the in-charge didn?t want me to let the Apollo people know what I was recounting! ? I found some pallets of shoes stacked near the back of the warehouse (furthest from the shipping dock). They were covered with dust and looked very old. They were men?s size 23. When I asked the inventory foreman about them and whether they had any value, he just started laughing. He said that?s why the ?reserve for inventory obesity? was so high. He said that they shipped out ?a boatload of them (size 23?s) last week.? ? I also spent 4 hours watching them count the supply closet. All the pencils were accounted for. I?m going home. Apollo Shoes Inventory Count Instructions 1. Counts will be performed in teams of two, consisting of a counter and a writer. 2. For each bin, identify the item located in it and the count of that item. If more than one item is in the bin, write in the bin number, the additional item description, and the count in the open space at the bottom of your count sheet. 3. After counting a bin, place an inventory count tag on the bin to mark it as having been counted. 4. After a team finishes its counts, each count team member should write his/her name in the "Count Team" line on each count sheet and the team should then turn in the sheets to the inventory manager. 5. After receiving the count sheets(s), the inventory manager will review and sign them, and then submit them to the inventory clerk for processing. 6. The inventory clerk will enter the counts into the computer system, run a variance report, and submit the variance report to the inventory manager. 7. The inventory manager will assign recounts for variances to the count teams. Each team will then recount the assigned bins and initial beside the recount on the count sheet. 8. The recounts will be resubmitted to the inventory manager, who will review and sign them, and then submit them to the inventory clerk for final entry. 9. There will be NO sales and NO movement of inventory during the count.
Question 2
I need to write a paper with a minimun of 1475 words in APA style asnwering the following questions....I alrady submitted the questions and I was requested to pay $80.00 for this assignment Hope to have it done soon. Conduct an internal and external environmental analysis for your proposed business. Discuss with your Learning Team the forces and trends below that must be taken into consideration while developing a strategic plan. Given today?s business environment and each Learning Team members? selected business idea, provide a list of the lessons learned from your Learning Team?s discussion for each of the items listed below. Use this discussion to complete this assignment. Create a SWOTT table summarizing your findings. Your environmental analysis should take into account, at a minimum, the following factors. For each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in your table. ? External forces and trends considerations: o Legal and regulatory- Constantly changes in local government agencies and stae regulations o Global- New opportunities to expand o Economic?Drastic changes in the economy, prices on gas, suppliers. Like oil. o Technological-Unable to keep with new technologies for lack of training, funds o Innovation- o Social o Environmental- Natural disaster o Competitive analysis --- Constantly checking on th competition prices, changes, ? Internal forces and trends considerations: o Strategy?Good strategy plan o Structures? Define business structure o Processes and systems?Good process and system o Resources? Technical employees o Goals--- Vision o Strategic capabilities--- o Culture-- Business Culture o Technologies---- o Innovations o Intellectual property o Leadership Write a 1,400- to 1,750-word synopsis in which you analyze at least seven of the forces and trends from the list above. Your analysis must include the following: ? Include economic as well as legal and regulatory forces and trends. ? Critique how well the organization adapts to change. ? Analyze the supply chain operations of the organization. Auction,trade-ins- to mech-bodyshop-detailing, store and customer. ? Identify issues and/or opportunities: o Identify the major issues and/or opportunities that the company faces based on your analysis above. o Generate a hypothesis surrounding each issue and research questions to use for conducting analysis. o Identify the circumstances surrounding each issue; classify the circumstances; attribute the importance of each classification; and test the accuracy of the importance for each classification.,i already deposit the requested amount of money so you can satart and finish...thanks!!!!,I'll be waiting for your answer..thanks!,I NEED TO LET YOU KNOW THE DUE DATE FOR MY ASSIGNMENT IS MONDAY JULY THE 18 AT 6:OO P.M. I NEED TO KNOW IF YOU WILL BE ABLE TO COMPLETE THIS...THAKNS,,At this point I am worry because I have not heard from you..need to know if the assignement is going to be done by Monday the 18.. please let me know...thanks!,The problem is the dateline is a day before and I need to know if you can make it to that date...please let me know..,I am very frustrated and worry about this, you still haven't answered my question and acknowledged my concern I entered the wrong due date I need to know if you are able to complete my assignement by tomorrow...or not...and I have no idea how this works...I understand you very busy but I need to know is important...thanks!,My homework is due tomorrow Monday 17, 2011 .....around 6:00 p.m. I appreciate your answer and hope to hear from you soon....that is what frustrates me that I dont know if you got my message or not also how this works...I understand you are busy but I need to know....if I can count with your assistance on the time frame needed...please let me know and again thanks!!,I have at least 25 hours to complete the assignment... thanks!!!,Ok.. I will continue to check periodically my e-mails to see if you have any questions...Thanks for the prompt response!,Hi! Rachel In this assignement you used the paper I attached in the e-mail...I sent that paper as a reference only (so you uhave an idea of the business in question...and this was my first assignment...I cannot use it again in this assignement!! I am attaching the swott analysis draft I am preparing for this homework for your information...fYI. Please let me know if you have any questions... Tha paper sould answered the following questions: ? Include economic as well as legal and regulatory forces and trends. ? Critique how well the organization adapts to change. ? Analyze the supply chain operations of the organization. ? Identify issues and/or opportunities: o Identify the major issues and/or opportunities that the company faces based on your analysis above. o Generate a hypothesis surrounding each issue and research questions to use for conducting analysis. o Identify the circumstances surrounding each issue; classify the circumstances; attribute the importance of each classification; and test the accuracy of the importance for each classification.,Sorry I forgot the first instruction of the assignement although you have it....? Write a synopsis in which you analyze at least seven of the forces and trends from the list above. Your analysis must include the following:,Please sent the new revised paper.... I really cant use the one you sent before for the reasons stated before...Let me know, Thanks,,this is NOT A NEW QUESTION..... read the first question I sent to you..it is the same thing...except that I avoided the extra information....,This is a pre-owned (used car business)not a manufacturer which is different.. I am attaching the final swott analisys I created..I will not be able to access a pc in the next two hours from now...I will check again around 8:30 p.m. Thanks,,I have until midnight 12:00 a.m. hours to submitt...I sent the swott analyssis as an attachment..the first paper is the overview of the busines jut FYI which you used for the paper I am doing a series of homework on the same business.. I am also attaching the swott analysis table again) here is the swott: Strengths (Internal Forces) We have build a good name and reputation in the industry being reasonable, professionals and reliable Competitive pricing compared to nearby competitors Quality of Product Uses of the latest industry technology. system, and programs Good location Well trained customer oriented and diverse employees Excellence in customer service Management is committed, confident Established business process-flat which allows making quick decisions and being adaptable to changing market conditions Latest version of a business system Good communication with other business partners Clear Vision, Goals and set of values Willing to work on continuous improvement operating model Efficient cross training program to help in slow business periods. Strong human Resources program that helps in the hiring, train and retain good employees. We believe in saving costs to offer the best competitive prices wherever possible, but not at the expense of quality, safety or the environment. Weaknesses (Internal Forces) Lack of Sales workforce employees Need more training in finance department Time Management Lack of Organization in the in house finance department Supply chain needs re-direction Opportunities/Trends (External Forces) Market expansion and diversification Physical location opportunity to Expand car lot and to other areas to offer other products and services Niche taxis drivers and newcomers to Orlando Willing to try new technology advances as they are developed Identified niche market expanding Could extend oversees (shipping to other counties) Can surprise competitors Threats (External Forces) City, state or federal regulation changes Tax increase Loss of key staff Changes in Economy Natural disasters resulting impossible to transport inventory Suppliers? prices increase Loss of cash flow Not able to train personnel in new tech systems Market demand very seasonal Larger number of Competitors in the area Industry strength or weakness: impact of technology/digital age and the adjustment needed within the industry; Impact of global economy on local business; Foreign currency exchange rate variation: for example, the US/Canadian dollar; Unsustainable competitive actions and reactions that force a response. For example, new entrants into the market; competitors with lower cost structure and/or lower price structures; competitors with more products and services (a broader range can be more competitive); competitors with a very focused niche (can become the best); competitors who don?t make ?smart? decisions and disrupt the market Law changes could bring benefits the company Take advance of new technology tools New products and/or services expansion; look for low cost opportunities and ones that leverage our capabilities; Partnerships or alliances with other businesses ? growing the business by partnering on specific work (for example, tire diagnostic and oil changes to vehicles Growth potential of (30% increase sales projected for next 2 years) Opportunity for growth in under-represented geographic markets Opportunity for growth in new locations Cost of marketing is less in this digital age: capitalize on the lowered cost with a stronger program.,I sent you the information is ALL THERE....if you read my last message...and also sent the table I dont understand why you can open the attachment I believe is your PC system...that is not cooperating.. anyways another thing is that I cant use only three references only when is a quote...to support an idea..APA style OK.. I AM ATTACHING MATRIX AGAIN.....hoping you can open but if not the info is in my previous message... Please let me know what else do you need....Thanks!!!!,Unfortunately the answered came too late...and I will not be able to use it...i checked the document and you still used my old assignment throughout the paper and it is not addressing the points I needed properly....I appreciate you sending this document anyways but as I said I will not be able to use it.
Question 3
3-1. Greene Sisters has a DSO of 20 days. The company?s average daily sales are $20,000. What is the level of its accounts receivable? Assume there are 365 days in a year. 3-4. A company has an EPS of $1.50, a cash flow per share of $3.00, and a price/cash flow ratio of 8.0. What is the P/E ratio? 3-7. Ace Industries has current assets equal to $3 million. The company?s current ratio is 1.5, and its quick ratio is 1.0. What is the firm?s level of current liabilities? What is the firm?s level of inventories? 3-9. The Nelson Company has $1,312,500 in current assets and $525,000 in current liabilities. It?s initial inventory level is $375,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson?s short-term debt (notes payable) increase without pushing its current ratio below 2.0? What will be the firm?s quick ratio after Nelson has raised the maximum amount of short-term funds? 3-13. Data for Morton Chip Company and its industry averages follow. a. Calculate the indicated ratios for Morton. b. Construct the extended DU Pont equation for both Morton and the industry. c. Outline Morton?s strengths and weaknesses as revealed by your analysis. d. Suppose Morton had doubled its sales as well as its inventories, accounts receivables, and common equity during 2010. How would that information affect the validity of your ratio analysis? (Hint: Think about averages and the effects of rapid growth on ratios if averages are not used. No calculations are needed.
Question 4
Objective: To analysis the financial statements of a publicly traded company. NetFlix Obtain an annual report from a corporation that is interesting to you. Using techniques you have learned in the previous weeks, respond to the following questions: On Netflix 1. Who are the firm?s auditors? Do they provide a clean opinion on the financial statements? 2. Have there been any subsequent events, errors and irregularities, illegal acts, or related-party transactions that have a material effect on the financial statements? 3. Describe the trend in total assets and total liabilities for the years presented. 4. What are the company?s three largest assets for the most recent year presented? 5. What are the company?s three largest liabilities for the most recent year presented? 6. What types of stock does the company have? How many shares are there outstanding for each type of stock for the most recent year presented? 7. Does the company use the single-step or multiple-step income statement or a variation? 8. Does the income statement contain any separately reported items in any year presented, included discontinued operations or extraordinary items? If it does, describe the even that caused the item. Hint: there should be a related footnote. 9. Describe the trend in net income over the years presented. 10. Does the company have other comprehensive income? If yes, what is the nature of the transaction(s)? 11. Does the company use the indirect or direct method of the cash flow statement? 12. What is the trend in cash from operations for the years presented? 13. What are the 2 largest items included in cash from investing activities? Guidelines ? Papers must 8 to 10 pages in length (this would be roughly 1/2 page per area included in the report), 10 point font, double-spaced, 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, references are still very important. At least 3 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. ? Papers are due during Week 6 of this course. ? Any questions about this paper may be discussed in the weekly Q&A Discussion topic. ? This paper is worth 155 total points and will be graded on quality of research topic, quality of paper information, use of citations, grammar and sentence structure. Grading Rubrics Category Points % Description Documentation & Formatting 15 10 Organization & Cohesiveness 15 10 Editing 15 10 Content 110 70 Total 155 100 A quality paper will meet or exceed all of the above requirements. Best Practices The following are the best practices in preparing this paper. ? Cover Page - Include who you prepared the paper for, who prepared, and date. ? Table of Contents - List the main ideas and section of your paper and the pages in which they are located. The illustrations should be included separately. ? Introduction - Use a header on your paper. This will indicate you are introducing your paper. The purpose of an introduction or opening: 1. Introduce the subject and why the subject is important. 2. Preview the main ideas and the order in which they will be covered. 3. 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. Example: ?An Analysis of the Financial Statements of Nike?. Then proceed to break out the main ideas. State the main ideas, state major points in each idea, provide evidence. Break out each main idea you will use in the body of your paper. Show some type of division like separate sections that are labeled; separate group of paragraphs; or headers. You would 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. 1. Apply a three step process of writing? Plan, Write, and Complete. 2. Prepare an outline of your research paper before you go forward. 3. Complete a first draft and then go back to edit, evaluate, and make any changes required. 4. Use visual communication to further clarify and support the written part of your report. You could use example graphs, diagrams, photographs, flowcharts, maps, drawings, animation, video clips, pictograms, and tables. Netflix be the company of annual report analysis,Netflix will be the company.
Question 5
BETHESDA MINING COMPANY Bethesda Mining is a midsized coal mining company with 20 mines located in Ohio, Pennsylvania, West Virginia, and Kentucky. The company operates deep mines as well as strip mines. Most of the coal mined is sold under contract, with excess production sold on the spot market. The coal mining industry, especially high-sulfur coal operations such as Bethesda, has been hard-hit by environmental regulations. Recently, however, a combination of increased demand for coal and new pollution reduction technologies has led to an improved market demand for high-sulfur coal. Bethesda has just been approached by Mid-Ohio Electric Company with a request to supply coal for its electric generators for the next four years. Bethesda Mining does not have enough excess capacity at its existing mines to guarantee the contract. The company is considering opening a strip mine in Ohio on 5,000 acres of land purchased 10 years ago for $5 million. Based on a recent appraisal, the company feels it could receive $5.5 million on an aftertax basis if it sold the land today. Strip mining is a process where the layers of topsoil above a coal vein are removed and the exposed coal is removed. Some time ago, the company would simply remove the coal and leave the land in an unusable condition. Changes in mining regulations now force a company to reclaim the land; that is, when the mining is completed, the land must be restored to near its original condition. The land can then be used for other purposes. Because it is currently operating at full capacity, Bethesda will need to purchase additional necessary equipment, which will cost $85 million. The equipment will be depreciated on a seven-year MACRS schedule. The contract runs for only four years. At that time the coal from the site will be entirely mined. The company feels that the equipment can be sold for 60 percent of its initial purchase price in four years. However, Bethesda plans to open another strip mine at that time and will use the equipment at the new mine. The contract calls for the delivery of 500,000 tons of coal per year at a price of $82 per ton. Bethesda Mining feels that coal production will be 620,000 tons, 680,000 tons, 730,000 tons and 590,000 tons, respectively, over the next four years. The excess production will be sold in the spot market at an average of $76 per ton. Variable costs amount to $31 per ton, and fixed costs are $4,100,000 per year. The mine will require a net working capital investment of 5 percent of sales. The NWC will be built up in the year prior to the sales. Bethesda will be responsible for reclaiming the land at the termination of the mining. This will occur in year 5. The company uses an outside company for reclamation of all the company?s strip mines. It is estimated the cost of reclamation will be $2.7 million. In order to get the necessary permits for the strip mine, the company agreed to donate the land after reclamation to the state for use as a public park and recreation area. This will occur in Year 6 and result in a charitable expense deduction of $6 million. Bethesda faces a 38 percent tax rate and has a 12 percent required return on new strip mine projects. Assume that a loss in any year will result in a tax credit. You have been approached by the president of the company with a request to analyze the project. Calculate the payback period, profitability index, net present value and internal rate of return for the new strip mine. Should Bethesda Mining take the contract and open the mine?
