2. DesMoines Valley Company has two divisions, Computer Services and Consultancy Services. In addition to their external customers, each division performs work for the other division. The external fees earned by each division in 20X5 were $200,000 for Computer Services and $350,000 for Consultancy Services. Computer Services worked 3,000 hours for Consultancy Services, who, in turn, Consultancy Services worked 1,200 hours for Computer Services. The total costs of external services performed by Computer Services were $110,000 and $240,000 by Consultancy Services.
Required:
a. Determine the operating income for each division and for the company as a whole if the transfer price from Computer Services to Consultancy Services is $15 per hour and the transfer price from Consultancy Services to Computer Services is $12.50 per hour.
b. Determine the operating income for each division and for the company as a whole if the transfer price between divisions is $17 per hour.
c. What are the operating income results for each division and for the company as a whole if the two divisions net the hours worked for each other and charge $12.50 per hour for the one with the excess? Which division manager prefers this arrangement?
3. Dow Company manufactures tables in U.S. The standard (budgeted) cost of one unit is shown below:
In: Accounting
Cafeteria Workers who have been recently unionized at a private university in the Boston area. Their wages on average are $14.00 per hour and a starting wage it $12.50. Every two years workers receive raise averaging $1.00 based on their performance evaluations. Fringe benefits are limited to 10 days of paid holiday per year if they work more than 1,800 hours in the previous year, free use of the exercise facilities and a 25% discount for social events such as concerts and sports matches held on campus. And no other benefits. They are asking on average a $5.00 raise and 4% raise thereafter for the next three years. The management (university) believes that it is too excessive and the university will have to raise the cost of tuition for the university. Workers also want to be vested in the university's employee health plan if they work at least three years first and on average $1,800 hours per year. And some contribution to a retirement pension. Please advocate the position of the Union.
In: Economics
Your Uncle Paulie comes to you seeking advice on how to pay for college tuition for his two boys, Ivan who is 2 and Martin who is 6. He is set on Martin going to his alma mater, where tuition is currently $40,000. He wants Ivan to attend a local public university for 2 years, travel abroad at Ivan’s expense, and then finish his last two years at the local university. Tuition is currently $30,000. Because of the difference in cost, Uncle Paulie will cover 3 years for Martin and 4 years of tuition for Ivan. He anticipates school costs will rise 4% annually and feels he can achieve 15% annually. How much should he set aside and invest today in order to meet his funding goals?
In: Finance
Use the confidence interval and the indicated sample data to calculate a confidence interval to estimate the population mean.
SD = standard deviation
a) Salaries of university graduates who took a course in statistics at the university: 95% confidence, n = 41, mean = $ 67, 200, and the standard deviation is known to be $ 18,277.
B) The speeds of drivers fined in a speed limit zone of 55 mi / h: 95% confidence, n = 90, mean = 66.2 mi / h, and it is known that the standard deviation is 3.4 mi / h.
c) FICO credit scores of credit card applicants: 99% confidence, n = 70, mean = 688, and the standard deviation is known to be 68.
D) amounts lost by players who took a bus to an Atlantic city casino: 99% confidence; n = 40, mean = $ 189, and the standard deviation is known to be $ 87.
In: Statistics and Probability
Biomedical ethics, chapter 21
Who shoul be responsible for what happens during a disaster; the individual or the government?
In: Nursing
What item or product does the government sell? How does the government get money to spend? How do taxes fit into fiscal policy and if taxes cannot be raised, what does that mean for the debt level of the US? Are the bonds from the debt sold out of the New York Fed? Who are the bonds sold to?
In: Economics
When in college, many students have difficulty relating to the idea of ethical dilemmas in business, probably because the ethical meltdowns featured in news stories seem so clear-cut: unscrupulous managers clearly did the wrong thing. But real-world ethical dilemmas are usually not so obvious; all too often there is no resolution that will not harm some party involved in the issue. This discussion question is designed to explore the gray areas, and by doing so, to help you clarify your individual ethical principles.
Scenario: You’ve just done a great job on a recent project at your company. Your boss has been very vocal about acknowledging your work and the increased revenue that resulted from it. Privately, she said that you clearly earned a bonus of at least 10%, but due to company politics, she was unable to secure the bonus for you. She also implied that if you were to submit inflated expense reports for the next few months, she would look the other way, and you could pocket the extra cash as well-deserved compensation for your contributions.
What should you do? Why? Think about what you should do and answer these questions thoughtfully and thoroughly.
In: Finance
Property Plant and Equipment is an important component of manufacturers. Pick a manufacturing company from any source and tell us how they account for their PP&E in terms of obsolescence, depreciation and maintaining it - also if they develop their own equipment. Also, tell us what else you may have learned by reading the notes or other material.
In: Accounting
Property Plant and Equipment is an important component of manufacturers. Pick a manufacturing company from any source and tell us how they account for their PP&E in terms of obsolescence, depreciation and maintaining it - also if they develop their own equipment. Also, tell us what else you may have learned by reading the notes or other material.
In: Accounting
Property Plant and Equipment is an important component of manufacturers. Pick a manufacturing company from any source and tell us how they account for their PP&E in terms of obsolescence, depreciation and maintaining it - also if they develop their own equipment. Also, tell us what else you may have learned by reading the notes or other material.
In: Accounting