Question 1
Answer the following questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link in the course shell. Each question is worth five points apiece for a total of 20 points for this homework assignment. 1-Which of the following is NOT correct for a firm with seasonal sales and customers who all pay promptly at the end of 30 days? a. DSO will vary from month to month. b. The quarterly uncollected balances schedule will be the same in each quarter. c. The level of accounts receivable will be constant from month to month. d. The ratio of accounts receivable to sales will vary from month to month. e. The level of accounts receivable at the end of each quarter will be the same. 2-During times of inflation, which of these inventory accounting methods is best for cash flow? a. FIFO, because the cheapest goods are recorded as being sold first, resulting in lower cost of goods sold and higher reported net income. b. LIFO, because the most expensive goods are recorded as being sold first, resulting in a higher cost of goods sold and a lower reported net income. c. Specific identification, because it correctly identifies the actual item sold and so the actual cost is recorded on the income statement. d. Weighted average, because it smoothes the reported cost of goods sold over time. e. It doesn?t matter which you use since cash flow is unaffected by the choice of inventory identification method. 3- Which of the following is true of the Baumol model? Note that the optimal cash transfer amount is C*? a. If the fixed costs of selling securities or obtaining a loan (cost per transaction) increase by 20%, then C* will increase by 20% b. If the total amount of cash needed during the year increases by 20%, then C* will increase by 20%. c. If the average cash balance increases by 20%, then the total holding costs will increase by 20%. d. If the average cash balance increases by 20% the total transactions costs will increase by 20%. e. The optimal transfer amount is the same for all companies. 4- Suppose the Campus Bookstore purchases 50,000 boxes of writing tablets every year. Ordering costs are $100 per order and carrying costs are $0.40 per box. Moreover, management has determined that the EOQ is 5,000 boxes. The vendor now offers a quantity discount of $0.20 per box if the company buys tablets in order sizes of 10,000 boxes. Determine the before-tax benefit or loss of accepting the quantity discount. (Assume the carrying cost remains at $0.40 per box whether or not the discount is taken.) a. $1,000 loss b. $1,000 benefit c. $ 500 loss d. $ 500 benefit e. $ 0 (The change would not affect profits.) 5- Crystal Clear Company purchases 50,000 gallons of distilled water each year. Ordering costs are $100 per order, and the carrying cost, as a percentage of inventory value, is 80 percent. The purchase price to CCC is $0.50 per gallon. Management currently orders the EOQ each time an order is placed. No safety stock is carried. The supplier is now offering a quantity discount of $0.03 per gallon if CCC orders 10,000 gallons at a time. Should CCC take the discount? a. From a cost standpoint, CCC is indifferent. b. No, the cost exceeds the benefit by $500. c. No, the cost exceeds the benefit by $1,000. d. Yes, the benefit exceeds the cost by $500. e. Yes, the benefit exceeds the cost by $1,120. 6- Fullerton Wine Company is a retailer which sells vintage wines. The company has established a policy of reordering inventory every 30 days. A recently employed MBA has considered Fullerton?s inventory problem from the EOQ model viewpoint. If the following constitute the relevant data, how does the current policy compare with the optimal policy? Ordering cost = $10 per order Carrying cost = 20% of purchase price Purchase price = $10 per unit Total sales for year = 1,000 units Safety stock = 0 a. Total costs will be the same, since the current policy is optimal. b. Total costs under the current policy will be less than total costs under the EOQ by $10. c. Total costs under the current policy exceed those under the EOQ by $3. d. Total costs under the current policy exceed those under the EOQ by $10. e. Cannot be determined due to insufficient information.
Question 2
I have attached my initial marketing plan with the product I developed if you could answer the following questions and I took 2 of the questions off from my initial post which you asked $120 would you accept $100 for this assignment? * I also provided an example Write a (3) page paper in which you: 1.Conduct a performance analysis with set benchmarks of 50% to 75% per annualized plan. Your analysis should include at least four (4) of the following metrics: tracking downloads of Website content, Website visitors, increases in market share, customer value, new product adoption rates, retention, rate of growth compared to competition and the market, margin, and customer engagement. Develop four (4) quantitative and (4) qualitative marketing objectives from your chosen metrics. 2.Develop a marketing strategy for your product and determine an appropriate time table for execution of the plan (e.g., phase 1, phase 2, etc.). Provide a rationale for your response. 3.Develop a positioning statement which should include, at a minimum, a benefit, user, competitive, or innovative statement about your product. Provide a rationale for your time frame for execution of your positioning statement. 4.Examine the relevant marketing science of customer behavior for your product. 5. Develop your company?s mission statement and company introduction. **Use at least three (3) academic resources as quantitative marketing research to determine the feasibility of your product /service. These resources should be industry specific and relate to your chosen product / service. Note: Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: ?Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. ?Include a cover page containing the title of the assignment, the student?s name, the professor?s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. Additional Requirements Other Requirements: I have attach my original marketing plan, that includes the product and marketing plan. Edit it as needed starting with the executive summary and answer the additional questions please.
Question 3
3(a) Steven, a calendar year cash basis taxpayer, has the following transactions: Salary from job $40,000 Alimony paid to former spouse 2,000 Medical expenses 4,500 Based on this information, Steven has: a. AGI of $33,500. b. AGI of $38,000. c. AGI of $40,000. d. Medical expense deduction of $2,850. e. None of the above. 3(b) Trade and business expenses should be treated as: a. A deduction from AGI subject to the 2 percent of AGI floor. b. A deduction from AGI not subject to the 2 percent of AGI floor. c. Deductible for AGI. d. An itemized deduction if not reimbursed. e. None of the above. 3(c) James is single, under age 65, and has gross income of $50,000. His bona fide deductible expenses are as follows: Alimony $8,000 Charitable contributions 2,000 Contribution to a traditional IRA 2,000 Expenses paid on rental property 5,000 Interest and taxes on personal residence 7,000 State income tax 1,200 What is James? AGI? a. $28,000. b. $33,000. c. $35,000. d. $40,000. e. $43,000. 3(d) Which of the following is correct? a. A property donation is classified as a deduction from AGI. b. Real estate taxes on a taxpayer?s second home are classified as deductions from AGI. c. An expense associated with partnership property is classified as a deduction from AGI. d. Only a. and b. are correct. e. a., b., and c., are correct.
Question 4
This should be a 4 pages project, word document and must double spaced. We are to draft a project which must include the following information: Organization: (25 Pts) Option 1: ?Give the name of the organization (if permitted) and briefly describe it. If you are focusing on one department in the organization, tell which one and describe it briefly. Be sure to include a description of your role in the organization. This can be an organization where you worked in the past. Option 2: ?Describe the change concept(s) that you will focus on in the paper. Approach: (25 Pts) Option 1: ?Describe the change you observed ?Briefly include a description of the impact of the change ?Briefly describe potential impact of the solution Option 2: ?Describe why this change topic is important to the change agent ?Briefly explain how this approach to change could impact the organization ?Briefly reveal any ideas you have at this time about your personal change model. Research Plan: (25 Pts) Option 1: ?Provide an overview of what specific research/actions you will take on your problem statement (interviews, surveys, journals). Do not be vague in this section Option 2: ?Provide an overview of what specific research you will take as it relates to the change concept that is the focus of your paper. References: (25 Pts) Options 1 and 2: ?Identify two or three resources you expect to use in the paper. ?Briefly explain why they are of value to your paper. Scholarly Sources: ?You are required to use scholarly sources for your course project ?Within DeVry University Library Services (link can be found within The HUB) you have access to EBSCOhost, which offers full-text access to articles in all subject areas. Within EBSCOhost, you can do an advanced search where you have the choice to search for only ?scholarly (peer reviewed) journals.? ?You might also consider using the Google Scholar search engine. Format of Your Draft: ?Header should include the title: (Your Name) Project Draft and the date ?Typically this is a one page document. If you need two pages, you are exceeding what is required for the draft. ?Spell check, grammar check, and proofread ?Save you document in the following naming convention: your name and first initial? Project Draft.doc and leave it in the Week 4 Project Draft Drop Box
Question 5
WATERWAYS CONTINUING PROBLEM: WCP20 (This is a continuation of the Waterways Problem from Chapters 14 through 19.) Waterways Corporation is preparing its budget for the coming year, 2011. The first step is to plan for the first quarter of that coming year. Waterways gathered the following information from the managers. Sales Unit sales for November 2010 112,500 Unit sales for December 2010 102,083 Expected unit sales for January 2011 113,333 Expected unit sales for February 2011 112,500 Expected unit sales for March 2011 116,667 Expected unit sales for April 2011 125,000 Expected unit sales for May 2011 137,500 Unit selling price $12 Waterways likes to keep 10% of the next month?s unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2010, totaled $183,750. Direct Materials Item__ Amount used per unit Inventory, Dec. 31 Metal 1 lb @ 58? per lb. 5,177.5 lbs Plastic 12 oz @ 6? per oz 3,883.125 lbs Rubber 4 oz @ 5? per oz 1,294.375 lbs 2 lbs per unit 10,355.0 lbs Metal, plastic, and rubber together are 75? per pound per unit. Waterways likes to keep 5% of the materials needed for the next month in its ending inventory. Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31, 2010, totaled $120,595. Raw Materials on December 31, 2010, totaled 10,355 pounds. Direct Labor Labor requires 12 minutes per unit for completion and is paid at a rate of $8 per hour. Manufacturing Overhead Indirect materials 30? per labor hour Indirect labor 50? per labor hour Utilities 45? per labor hour Maintenance 25? per labor hour Salaries $42,000 per month Depreciation $16,800 per month Property taxes $2,500 per month Insurance $1,200 per month Janitorial $1,300 per month Selling and Administrative Variable selling and administrative cost per unit is $1.62. Advertising $15,000 a month Insurance $1,400 a month Salaries $72,000 a month Depreciation $2,500 a month Other fixed costs $3,000 a month Other Information The Cash balance on December 31, 2010, totaled $100,500, but management has decided it would like to maintain a cash balance of at least $800,000 beginning on January 31, 2011. Dividends are paid each month at the rate of $2.50 per share for 5,000 shares outstanding. The company has an open line of credit with Romney?s Bank. The terms of the agreement requires borrowing to be in $1,000 increments at 8% interest. Waterways borrows on the first day of the month and repays on the last day of the month. A $500,000 equipment purchase is planned for February. Instructions For the first quarter of 2011, do the following. (a) Prepare a sales budget. (b) Prepare a production budget. (c) Prepare a direct materials budget. (d) Prepare a direct labor budget. (For calculations, round to the nearest hour.) (e) Prepare a manufacturing overhead budget. (Round amounts to the nearest dollar.) (f) Prepare a selling and administrative budget. (g) Prepare a schedule for expected cash collections from customers. (h) Prepare a schedule for expected payments for materials purchases. (i) Prepare a cash budget.
