In an effort to increase the number of shoppers coming into its stores and the length of time those shoppers stay, Kohl’s (KSS (Links to an external site.)) is adding a small café (Kohl’s Café) to each of two of its department stores in the Milwaukee, Wisconsin area. Each café will sell Caribou Coffee items including lattes, cappuccinos, and other coffee items. Granola bars, chips, cookies, and other grab-and-go snacks will also be available. These cafés are experimental at this point; Kohl’s has no plans to add the cafés to other stores.

Questions

1. What type of responsibility center would the Kohl’s Café within a given store be (cost center, revenue center, profit center, or investment center)?
2. What costs do you think could be traced directly to a café in a given store?
3. Assume that Kohl’s wants to evaluate the profitability (performance) of a café within a given store. What, if any, costs should be allocated to the café? Explain your answer.

Using the following information prepare all appropriate journal entries for years 1 and 2.

You are only required to create entries within the subaccount of “Education and training” you do not have to make any entries for corresponding accounts in other funds.

County regulations require all appropriations lapse at year end.

Year 1:

1. County appropriated 12K for training.
2. Consulting contracts worth 10K were signed
3. Consultants completed all work and billed 10K, which was paid.
4. Training materials of 1.8K were ordered but not received b year end.

Year 2:

1. County appropriated 13.5K for training
2. Training materials ordered in year 1 were received, the actual cost was 1.7K
3. Authorized contracts for 10.5K of training
4. After training was received, invoices for 10.8K were presented and paid in full.

Please do not “combine” ANY entries unless absolutely required.

( this will require 16 entries if done correctly.)

Compute, Disaggregate, and Interpret ROE and RNOA
Headquartered in Calgary, Alberta, Husky Energy Inc. is a publicly traded, integrated energy company. Selected fiscal year balance sheet and income statement information for Husky Energy follow (Canadian $ millions).

a. Compute the 2018 return on equity (ROE) and the 2018 return on net operating assets (RNOA).
Note: Round percentages to two decimal places (for example, enter 6.66% for 6.6555%).

2018 Return on equity: Answer%
2018 Return on net operating assets: Answer%

b. Disaggregate RNOA into net operating profit margin (NOPM) and net operating asset turnover (NOAT).
Note: For NOPM and RNOA, round percentages to two decimal places (for example, enter 6.66% for 6.6555%).
Note: For NOAT, round amount to three decimal places (for example, enter 6.776 for 6.77555).

c. Compute the percentage of RNOA to ROE, and compute Husky’s nonoperating return for 2018.
Note: Round percentages to two decimal places (for example, enter 6.66% for 6.6555%).
Percentage of RNOA to ROE: Answer%
Nonoperating return: Answer%

Eye Trendy Corporation is a distributor of frames for sunglasses. The company’s controller is currently preparing a budget for the third quarter of the year. The following information is from company’s financial records: Projected Sales July 3,120 units August 2,000 units September 2,640 units October 3,000 units • Selling price is RM25 per unit • Collections from customers are normally 70 per cent in the month of sale, 20 per cent in the month following sale, and 9 per cent in the second month following the sale. The balance is expected to be uncollectible. Projected Purchases • Purchase price is RM18 per unit. • All frames purchases are on account. 70 per cent of the frames purchased are paid for in the month of purchase; the remaining 30 per cent are paid for in the month after acquisition. • Inventory of frames on 1st July is 1,200 units. The frames inventory at the end of each month equals 20 per cent of sales anticipated for the following month. • The company purchases the frames as needed in multiple quantities of 1,000 units per shipment. Operating Expenses • General and administrative expenses are projected to be RM33,000 for the quarter. The breakdown of these expenses is presented in the following schedule. All cash expenditures will be paid uniformly throughout the quarter: Promotion RM9,000 Insurance RM12,000 Utilities RM7,500 Depreciation RM4,500 Total RM33,000 Other information • Cash proceeds from sale of old equipment amounted to RM5,000 in the month of August. • Purchase of new equipment amounted to RM50,000 is to be made in the month of September. • Eye Trendy is expected to maintain a minimum cash balance of RM20,000 at all times. If the cash balance is less than RM20,000 at the end of each month, the company borrows amounts necessary to maintain this balance. All amounts are repaid out of the subsequent positive cash flow. • The company’s cash balance on 1st July is RM22,000. Required: a. Prepare the following schedules: (i) Expected cash collections for the sales of frames during the third quarter. Show computations by month and in total for the quarter. (ii) Expected Cash disbursements for the purchases of frames during the third quarter. Show computations by month and in total for the quarter. (iii) Expected Cash balance on 30th September. Show computations by month and in total for the quarter. b. Refer to your answer in requirement (a). Prepare a schedule that shows whether or not the company meets the minimum cash requirement and compute the amount of borrowing required, if any, to maintain the firm’s minimum cash balance. c. How can a company’s board of directors use the different types of budget to influence the future direction of the firm? You only answer point a.Please answer point b and c.

The answer for A is too long to be update here.You can check in search.

Below is the assignment that I need to do and having a hard time finding the correct ratios like Gross Margin, EBITD, Price to cash flow etc.. from SEC EDGAR. I am comparing CVS Health and Walgreens 2018. Below is the question similar to mine that I found on the website. I am trying to figure out where can I find those ratios?

MBA 520 Module Two Activity Guidelines and Rubric
Overview: For this task, you will analyze the financial health of two competitors in the same industry based on their ratios, using the provided Excel spreadsheet template. Then, you will complete your analysis by writing a short synopsis of your findings in the space below the analysis.
Prompt: Follow the steps below to analyze the financial health of two competitors. Use the Module Two Activity Template to complete this task.
Select two companies operating in the same industry (for example, Macy’s and Dillard’s). The companies have to be in the same business for the ratios to be valuable to your analysis. Then, complete the template, providing the following:
? Ratio Research: Use the template to analyze the selected ratios (profitability, financial strength, valuation, management effectiveness, dividends, and efficiency) for both of the competitors. To complete this part, you can reference the Morningstar website in the Module Two resources to obtain the ratios. You can also use the SEC EDGAR Company Filings resource from Module One to obtain the ratio from annual reports. Please note: The ratios have to be from the same time period (the same year for both competitors). For training on how to use Excel, visit the Hoonuit training site or search YouTube to find appropriate Excel training videos.
? Industry Ratios: To analyze ratios for the companies, you also need to obtain the ratios for the industry that the competitors operate in. Industry values for the ratios can be found in the index column. If no index value is available, put the five-year averages for both companies in the industry column and use these figures for the industry comparison of your ratio analysis.
? Ratio Analysis: Compare the two companies based on their ratios. Use the last column in the template to write in detail how each company is doing based on the ratios. Compare the company ratios to the industry and each other.
? Summary: This short write-up should be done directly in your Excel spreadsheet.
o What is a ratio analysis? Briefly explain in about one paragraph. Please quote your resource.
o Referring to the ratio analysis, in which company would you be willing to invest and why?
Note: This is a theoretical exercise. You should not be investing according to this analysis.

Summary

Referring to your ratio analysis above, in which company would you be willing to invest, and why?

1. Use the following information to complete the Revenue and asset test for industry segments:

1. Which of the operating segments would be considered reporting segments under the "revenue" test?

2. Which of the operating segments would be considered reporting segments under the "asset" test?

Waterways Continuing Problem 12

At the end of June the manager of the B.C. manufacturing plant was provided with the following variance analysis report:

The manager immediately called the production supervisor, demanding an explanation for the large unfavourable variance for the quarter. The production supervisor was puzzled. He thought the cost-cutting measures they had incorporated were beginning to work. He certainly wasn’t expecting such a large discrepancy.

The standard rates the plant was using with its normal costing system are summarized below.

Other relevant information:

Calculate the following production variances.

You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash. Since you are well trained in budgeting, you have decided to prepare a master budget for the upcoming second quarter. To this end, you have worked with accounting and other areas to gather the information assembled below.

The company sells many styles of earrings, but all are sold for the same price—$17 per pair. Actual sales of earrings for the last three months and budgeted sales for the next six months follow (in pairs of earrings):

The concentration of sales before and during May is due to Mother’s Day. Sufficient inventory should be on hand at the end of each month to supply 40% of the earrings sold in the following month.

Suppliers are paid $5.30 for a pair of earrings. One-half of a month’s purchases is paid for in the month of purchase; the other half is paid for in the following month. All sales are on credit. Only 20% of a month’s sales are collected in the month of sale. An additional 70% is collected in the following month, and the remaining 10% is collected in the second month following sale. Bad debts have been negligible.

Monthly operating expenses for the company are given below:

Insurance is paid on an annual basis, in November of each year.

The company plans to purchase $22,500 in new equipment during May and $53,000 in new equipment during June; both purchases will be for cash. The company declares dividends of $24,750 each quarter, payable in the first month of the following quarter.

The company’s balance sheet as of March 31 is given below:

The company maintains a minimum cash balance of $63,000. All borrowing is done at the beginning of a month; any repayments are made at the end of a month.

The company has an agreement with a bank that allows the company to borrow in increments of $1,000 at the beginning of each month. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. At the end of the quarter, the company would pay the bank all of the accumulated interest on the loan and as much of the loan as possible (in increments of $1,000), while still retaining at least $63,000 in cash.

Required:

Prepare a master budget for the three-month period ending June 30. Include the following detailed schedules:

1. a. A sales budget, by month and in total.

    b. A schedule of expected cash collections, by month and in total.

    c. A merchandise purchases budget in units and in dollars. Show the budget by month and in total.

    d. A schedule of expected cash disbursements for merchandise purchases, by month and in total.

2. A cash budget. Show the budget by month and in total. Determine any borrowing that would be needed to maintain the minimum cash balance of $63,000.

3. A budgeted income statement for the three-month period ending June 30. Use the contribution approach.

4. A budgeted balance sheet as of June 30.

Debt Ratio: _____ (20x8) and ______ (20x7)

Times Interest Earned Ratio: _____ (20x8) and ______ (20x7)

Net Profit Margin Ratio: _____ (20x8) and ______ (20x7)

Gross Profit Ratio: _____ (20x8) and ______ (20x7)

Asset Turnover: _____ (20x8) and ______ (20x7)

Return on Assets: _____ (20x8) and ______ (20x7)

Return on Equity: _____ (20x8) and ______ (20x7)

Price/Earnings Ratio: _____ (20x8) and ______ (20x7)

Dividend Yield Ratio: _____ (20x8) and ______ (20x7)

Woh Che Co. has four departments: materials, personnel, manufacturing, and packaging. In a recent month, the four departments incurred three shared indirect expenses. The amounts of these indirect expenses and the bases used to allocate them follow Indirect Expense Cost Allocation Base Supervision $ 84,500 Number of employees Utilities 70,000 Square feet occupied Insurance 32,500 Value of assets in use Total $ 187,000 Departmental data for the company’s recent reporting period follow Department Employees Square Feet Asset Values Materials 40 39,000 $ 12,000 Personnel 10 19,500 1,600 Manufacturing 84 107,250 47,200 Packaging 66 29,250 19,200 Total 200 195,000 $ 80,000 1. Use this information to allocate each of the three indirect expenses across the four departments. 2. Prepare a summary table that reports the indirect expenses assigned to each of the four departments.

1. On the sheet of Goal Seek, find the way to achieve your 2017 profit goals.
   1. Go back to Income Statement sheet. It must be completed by now. Copy the gray area (A3:G23). Go to the sheet of Goal Seek, and paste it at the cell A3.
   2. At the blank Rows 1 & 2, merge some cells and add a title 2017 Sales Estimates.
   3. The cell J3 should show a label Price Increasing Rate:, and J4 should show 5%. If they are not there because of your copying and pasting, please add them to your sheet at proper locations.
   4. Edit your data sheet and include 5% increase on Unit Price of all products. Make sure you use formula with reference to J4, where it shows the increasing rate of prices.
   5. Use the Goal Seek tool and see if we want to achieve a $125,000 net profit, what is the increasing rate of price we should apply in 2017?
2. The goal Seek is:

   	Price Increasing Rate:
   	10%

Company Delta is trying to decide which of the two IT systems to install. Syske 10 million euro and will increase operating profits by 5 million euro per year. Its useful life is five years. Because of rapid technological change, it will have no salvage walue of this time. System 2 costs 15 million euro and will increase operating profits by 8 million euro per year. Its useful life also 5 years, it also will have no salvage value. For tax purposes the company can depreciate either computer system on a straight-line basis.
a) Suppose the company's tax rate is 40% and its cost of capital for either IT system is 10 per cent.
Which system should it buy?
b) If no depreciation is allowed, which IT system is a better choice?