Determine if the below researches are applied or basic
Example 1:
Apple's iPod fueled the company's success in recent years, helping to increase sales from $5 billion in 2001 to $32 billion in the fiscal year 2008 (which ended on September 30). Growth for the music player averaged more than 200% in 2006 and 2007, before falling to 6% in 2008. One reason for this decrease in sales is that iPod owners see little or no reason to upgrade, especially with the crumbling economy. As a result, some analysts believe that the fourth quarter of 2008 will be the first quarter since the iPod was introduced in 2001 that sales will decline from the year-earlier quarter. What's more, they believe that the number of iPods sold will drop 12% in 2009, to about 48 million units. "The reality is there's a limited group of people who want an iPod or any other portable media player," one analyst says. "So the question becomes, what will Apple do about it?"
Example 2:
As Chinese consumers grow wealthier, they are increasingly willing to spend extra money on more expensive, but healthier, drinks. A Chinese company, China Huiyuan Juice Group, has leveraged its early-mover advantage and strong brand name to become the leading 100% juice and nectar beverage company in China. China Huiyuan Juice Group wants to grow bigger but it is lacking the distribution network, financial resources, and management to do so. In an effort to diversify its presence in one of the world's fastest-growing beverage markets, Coca-Cola has announced that it wants to buy China Huiyuan Juice Group. Three major shareholders of Huiyuan, with a collective shareholding of 66% in the Chinese company, have already accepted Coca-Cola's offer. Whether both companies will benefit from this merger is uncertain: mergers can succeed or fail for many reasons. Recent research has shown that cultural differences might be a major cause of post merger difficulties.
Example 3
University professors engage in basic research in an effort to understand and generate more knowledge about various aspects of businesses, such as how to improve the effectiveness of information systems, integrate technology into the overall strategic objectives of an organization.
In: Economics
Discuss the various monetary policy levers used by politicians and bureaucrats to guide the economy in the direction they deem most beneficial. Why do these policy levers produce unexpected results? How do these policy actions change your behavior regarding spending and saving?
In: Economics
Who is in charge of making fiscal policy? What fiscal policy measure has a direct impact to the economy? If consumer confidence is low, which of the following will be the most effective fiscal policy? An increase in government spending, or An equal decrease in taxes? Explain your reasoning.
In: Economics
Discuss the various monetary policy levers used by politicians and bureaucrats to guide the economy in the direction they deem most beneficial. Why do these policy levers produce unexpected results? How do these policy actions change your behavior regarding spending and saving?
In: Economics
In: Economics
Master Budget Project
Sam’s Computers manufactures laptop computer stands which can be personalized after mass-production. The company is completing its fifth year of operations and is preparing its master budget for the coming year (2018) based upon the following information:
Fourth-quarter sales for 2017 are 55,000 units. Third quarter sales for 2017 were 50,000 units.
Unit sales by quarter are projected as follows:
First quarter 2018 65,000
Second quarter 2018 70,000
Third quarter 2018 75,000
Fourth quarter 2018 90,000
First quarter 2019 80,000
Second quarter 2019 70,000
Each unit sells for $95. Sam’s Computers estimates that 50% of sales will be collected in the quarter of sale. The company also estimates that 30% will be collected in the quarter following the sale and that 20% of each quarter’s sale will be collected in the second quarter following the sale.
Sam’s tries to maintain at least 20% of next quarter sales forecast in inventory.
Each computer unit uses three hours of direct labor, three pieces of wood, and four cement moldings. Laborers are paid $10 per hour, one piece of wood costs $8, and cement moldings are $1.25 each.
At the end of each quarter, Sam’s plans to have 20 percent of the wood needs and 30 percent of the molding needs for the next quarter’s projected production needs.
Sam’s buys wood and cement moldings on account. Half of the purchases are paid for in the quarter of acquisition, and the remaining half are paid for in the following quarter. Wages and salaries are paid on the 30th of each month.
Fixed overhead totals $900,000 each quarter. Of this total, $200,000 represents depreciation. All other fixed expenses are paid for in cash in the quarter incurred.
Variable overhead is budgeted at $2 per direct labor hour. All variable overhead expenses are paid for in the quarter incurred.
Fixed selling and administrative expenses total $250,000 per quarter, including $50,000 depreciation.
Variable selling and administrative expenses are budgeted at $5 per unit sold. All selling and administrative expenses are paid for in the quarter incurred.
Sam will pay quarterly dividends of $300,000.
At the end of the third quarter, a $250,000 long-term debt payment will be made.
During the fourth quarter a $330,000 piece of equipment is purchased with cash.
At the end of the fourth quarter, taxes of $75,000 are due.
Sam’s beginning cash balance is $300,000. Sam must maintain a minimum balance of $250,000 at quarter end. He has access to a line of credit and borrows in multiples of $5,000. Interest of 5% is due quarterly.
Required:
Prepare a master budget for Sam’s Computers for each quarter of 2018 and for the year in total. The following component budgets must be included:
Sales budget
Production budget
Wood direct material budget
Cement moldings direct material budget
Direct labor budget
Overhead budget
Selling and administrative expenses budget
Cash receipts budget
Summary cash budget
You may work in groups of up to three or complete the project on your own. The master budget must be completed in Excel, and formulas must be used. Each group must turn in a hard copy of the master budget and a formula sheet on Tuesday, April 10. (Press CTRL + ` [grave accent] to switch between formulas and values in Excel).
Only one copy will need to be turned in for each group; however, each group member will need a copy for the in-class master budget quiz on April 10, which is part of the required course points.
In: Accounting
Developing a Master Budget for a Merchandising Organization
Assume Nordstrom prepares budgets quarterly. The following
information is available for use in planning the second quarter
budgets for one of its stores (in thousands).
| NORDSTROM Balance Sheet March 31 |
|||
|---|---|---|---|
| Assets | Liabilities and Stockholders' Equity | ||
| Cash | $ 2,525 |
Merchandise purchases payable |
$2,400 |
| Accounts receivable | 2,040 |
Dividends payable |
710 |
| Inventory | 3,400 |
Stockholders' equity |
8,005 |
| Prepaid Insurance | 150 | ||
| Fixtures | 3,000 | ||
| Total assets | $11,115 |
Total liabilities and equity |
$11,115 |
Actual and forecasted sales for selected months in the upcoming year are as follows:
| Month (in thousands) | Sales Revenue |
|---|---|
| January | $2,600 |
| February | 2,700 |
| March | 3,000 |
| April | 3,600 |
| May | 3,800 |
| June | 3,500 |
| July | 3,200 |
| August | 4,000 |
Monthly operating expenses are as follows:
| Wages and salaries | $750 |
| Depreciation | 75 |
| Advertising | 55 |
| Other costs | 350 |
Cash dividends for the store of $710 thousand are declared during the third month of each quarter and are paid during the first month of the following quarter. Operating expenses, except insurance, rent, and depreciation are paid as incurred. The prepaid insurance is for five more months. Cost of goods sold is equal to 60% of sales. Ending inventories are sufficient for 150% of the next month’s cost of sales. Purchases during any given month are paid in full during the following month. Cash sales account for 50% of the revenue. Of the credit sales, 60% are collected in the next month and 40% are collected in the month after. Money can be borrowed and repaid in multiples of $100 thousand at an interest rate of 12% per year. The company desires a minimum cash balance of $2 million on the first of each month. At the time the principal is repaid, interest is paid on the portion of principal that is repaid. All borrowing is at the beginning of the month, and all repayment is at the end of the month. Money is never repaid at the end of the month it is borrowed.
(c) Prepare a cash disbursements schedule for each month of the second quarter ending June 30. Do not include repayments of borrowings.
In: Accounting
Developing a Master Budget for a Merchandising Organization
Assume Nordstrom prepares budgets quarterly. The following
information is available for use in planning the second quarter
budgets for one of its stores (in thousands).
| NORDSTROM Balance Sheet March 31 |
|||
|---|---|---|---|
| Assets | Liabilities and Stockholders' Equity | ||
| Cash | $ 2,525 |
Merchandise purchases payable |
$2,400 |
| Accounts receivable | 2,040 |
Dividends payable |
710 |
| Inventory | 3,400 |
Stockholders' equity |
8,005 |
| Prepaid Insurance | 150 | ||
| Fixtures | 3,000 | ||
| Total assets | $11,115 |
Total liabilities and equity |
$11,115 |
Actual and forecasted sales for selected months in the upcoming year are as follows:
| Month (in thousands) | Sales Revenue |
|---|---|
| January | $2,600 |
| February | 2,700 |
| March | 3,000 |
| April | 3,600 |
| May | 3,800 |
| June | 3,500 |
| July | 3,200 |
| August | 4,000 |
Monthly operating expenses are as follows:
| Wages and salaries | $750 |
| Depreciation | 75 |
| Advertising | 55 |
| Other costs | 350 |
Cash dividends for the store of $710 thousand are declared during the third month of each quarter and are paid during the first month of the following quarter. Operating expenses, except insurance, rent, and depreciation are paid as incurred. The prepaid insurance is for five more months. Cost of goods sold is equal to 60% of sales. Ending inventories are sufficient for 150% of the next month’s cost of sales. Purchases during any given month are paid in full during the following month. Cash sales account for 50% of the revenue. Of the credit sales, 60% are collected in the next month and 40% are collected in the month after. Money can be borrowed and repaid in multiples of $100 thousand at an interest rate of 12% per year. The company desires a minimum cash balance of $2 million on the first of each month. At the time the principal is repaid, interest is paid on the portion of principal that is repaid. All borrowing is at the beginning of the month, and all repayment is at the end of the month. Money is never repaid at the end of the month it is borrowed.
(b) Prepare a cash receipts schedule for each month of the second quarter ending June 30. Do not include borrowings.
In: Accounting
In: Economics
Jaron Baker is a 10-year-old boy who is admitted to the health care facility with a fractured tibia after falling from his bicycle on the way home from a friend’s house. He is scheduled for surgery to repair the fracture. During the interview, Jaron offers little information, allowing his parents to answer most of the questions. When the nurse asks Jaron questions, he uses few words, often limiting the answers to yes, no, or I don’t know. (Learning Objectives 14, 15)
a. What factors may be contributing to Jaron’s participation in the interview?
b. How might the nurse approach Jaron to gather additional information?
c. Based on Jaron’s developmental level, which interventions in preparation for surgery would be most appropriate?
In: Nursing