Regular time: $20 per unit (maximum of 280 units per period)

Overtime:    $30 per unit (maximum of 40 units per period)

Subcontracting:    Not available

Beginning inventory:   None

Carrying cost: $10 per unit per period

Backorder cost: $50 per unit per period

What is the total regular time cost for the plan which minimizes total cost?

Round answer to nearest dollar. Do not use a thousands separator or a dollar sign in your answer.

Hours Open Total Revenue (dollars) 1 $275 2 375 3 450 4 500 5 53 6 550 Ivan runs a custom jewelry shop in Sparkle City. He is debating whether he should extend his hours of operation. Ivan figures that his sales revenue will depend on the number of additional hours the jewelry shop is open as shown in the table above. He would have to hire a worker for those hours at a wage rate of $25 per hour. a) What does the word "marginal" mean in economics? What is a marginal benefit? What is a marginal cost? What is marginal analysis? b) Using marginal analysis, how many hours should Ivan extend his hours of operations? c) What is Ivan's marginal benefit if he decides to stay open for six hours instead of five hours? d) What is Ivan's marginal cost if he decides to stay open for six hours instead of five hours?

Data in hrs/week:

1. Salient details of the analysis that was performed, including the estimate(s) obtained related to the question(s) considered, the associated test of the hypothesis (or hypotheses), and the related confidence interval(s) for the associated relevant parameters.

2

3

4

5

6

7

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ACC 3010

PROJECT 1

WINTER 2018

DUE February 3 by 5pm submitted to the assignment link in Canvas

NAME

ACCESS ID

During November, the first month of operations, the following transactions occurre

d:

Event

Paid $7,200 for 12 months rent on office space

Purchased office furniture for $8,950.

Purchased $11,354 of additional office supplies on account.

Received $10,800 from Fortuna Inc. for work to be performed over the next 12 months.

Paid $1,560 for utilities.

Performed services for various customers for $13,200 cash and another $18,100 on account.

Paid $8,650 for purchases of supplies previously made on account.

Paid salaries to employees totaling $5,200 for 1 week.

Collected $12,300 as payment for amounts previously billed.

Dividends of $3,000 were declared and paid.

One month of the prepaid rent has been used up

Supplies on hand are $8,150.

One month of interest has accrued on the note payable for the bank loan.

One month of the services for the Fortuna Inc. has been performed (see above).

Salaries of $5,200 are paid every Friday (for a 5 day work week). November 30, 2017 was a Thursday.

Additional work for customers of $9,580 has been performed during the last week of November but not yet billed

Depreciation expense for the computer equipment is $140 and for the office furniture is $120

SUGGESTED STEPS FOR COMPLETION OF THE PROJECT:

You have been hired as an accountant for NFT Consulting Inc. This business was create

d when some friends decided

to make use of their newly minted college degrees and go into business together. The business was crea

ted on

November 1, 2017. The company will have a fiscal year end of October 31st. The initia

l formation transactions and

early purchases for NFT Consulting Inc. resulted in the balances that are included in the

first 2 columns of the

Worksheet. (see the worksheet tab)

Borrowed 20,000 from the bank for operating cash. The note has a 3% interest rate (simple i

nterest) and is to be paid

back in 4 years

At the end of November, the following additional information is available to he

lp determine what adjustments

are needed:

Prepare journal entries to record the November transactions given. Please refer t

o the Worksheet tab for Account Titles

you may need.

Prepare adjusting entries for the month of November given the information provided.

Post the adjusting entries to the Adjusting entries columns on the worksheet

Prepare closing entries for the end of the period

INCENTIVE POINTS

Add the November journal entry information to the Worksheet in the November columns. Y

ou can do this in one of 2

ways - (1) Post the journal entries to ledger accounts using T-accounts to represent ledger acc

ounts and then use those

totals to post to the worksheet or (2) use excel to add all entries for a particular account i

nto the correct column in the

worksheet (ie., add all cash debits from the journal entries into the cash debit column for N

ovember entries). There is a

tab to use for T Accounts if you want but they are NOT required

Prepare an unadjusted trial balance as of November 30, 2017. This will be part of the W

orksheet you prepare. There is a

tab in this file that you will use for this. Excel formulas must be used throughout the project to obta

in full credit.

Prepare an adjusted trial balance as of November 30, 2017. This will be part of the

Worksheet you prepare. There is a

tab in this file that you will use for this.

Prepare financial statements for the month ending November 30, 2017. (Income Stateme

nt, Statement of Retained

Earnings, Classified Balance Sheet ). Formatting is important and will be graded so be sur

e you use dollar signs and

underlines as appropriate. Also be sure you have headings and proper column usage for all statements.

There is a tab for

these statements. Heading are PARTIALLY completed for the 3 statements.

Copy the Worksheet from the Worksheet tab to the Worksheet formulas tab and the Fina

ncial Statements from the

Financial Statements tab to the Financial Statements tab. Highlight the entir

e worksheet/financial statements area

respecively and press the "ctrl" key and the "~" key. This will cause the formul

as used to display instead of the

numbers. Save your file with the formulas displayed.

explain causes,symptoms,and treatments of each of the conditions

1)aortic valve stenosis 2) ascites 3) Arrhythmia 4)blood clots 5) heart failure

Compare the firstplace finish times for men and women. If the 53 men and women runners had competed as one group, in what place would winner of women's marathon have finished? Round your answer to 2 decimal places.

The first place runner in the men’s group finished  minutes _______aheadbehind of the first place runner in the women’s group.

b. What is the median time for men and women runners? Compare men and women runners based on their median times. Round your answers to 2 decimal places.

Using the median finish times, the men’s group finished  minutes _______aheadbehind of the women’s group.

c. Provide a five-number summary for both the men and the women. Round your answers to 2 decimal places.

d. Are there outliers in either group?

If data contain outliers enter the value. If there no outliers live answer blank. If there is more than one value, separate your answers with commas (to 2 decimals).

Outliers in the men's group.

Outliers in the women's group.

e. Which of the following box plots accurately displays the data set?

_________Box plot #1Box plot #2Box plot #3Box plot #4

Did men or women have the most variation in finish times?

_______MenWomen

Question 14.

Explain the following

1.Monitor role

2.Unity of command

3. Primary activities

4. Leadership

5. The micro -environemnt

Assignment 4: generic strategies

The four strategies to choose from are:

1)Cost Leadership

2)Differentiation

3)Cost Focus

4)Differentiation Focus

pick an industry e.g. fast food, fast casual, retail, auto, watch, etc. Identify at least 2 firms that follow each of four generic strategies.

For each firm, explain why the target market is broad/narrow and explain the source of competitive advantage as low-cost or differentiation.

Also identify best cost providers (if any with exmaple and explanation).

.

Assignment 4: generic strategies

The four strategies to choose from are:

1)Cost Leadership

2)Differentiation

3)Cost Focus

4)Differentiation Focus

pick an industry e.g. fast food, fast casual, retail, auto, watch, etc. Identify at least 2 firms that follow each of four generic strategies.

For each firm, explain why the target market is broad/narrow and explain the source of competitive advantage as low-cost or differentiation.

Also identify best cost providers (if any with exmaple and explanation).

Accounting Cycle Review 4-2 (Part Level Submission)

Lars Linken opened Sheffield Cleaners on March 1, 2017. During March, the following transactions were completed.

(a) Journalize the March transactions. (b) Post to the ledger accounts. (Use T-accounts.) (c) Prepare a trial balance at March 31.