Following a strategy of product differentiation, Arseniq Company makes a high-end Appliance, XT15. Arseniq presents the following data for the years 2016 and 2017:

                                                                                                                               2016                     2017

        Units of XT15 produced and sold 50,000                  52,500

        Selling price                                                                                                 $500                     $550

        Direct materials (square feet) 150,000                153,750

        Direct materials costs per square foot $50                       $55

        Manufacturing capacity in units of XT15 62,500                  62,500

        Total conversion costs $6,250,000           $6,875,000

        Conversion costs per unit of capacity                                                   $100                     $110

        Selling and customer-service capacity (customers)                             150                       150

        Total selling and customer-service costs $2,250,000           $2,343,750

        Selling and customer-service capacity cost per customer $15,000                $15,625

Arseniq produces no defective units but it wants to reduce direct materials usage per unit of XT15. Manufacturing conversion costs in each year depend on production capacity defined in terms of XT15 units that can be produced. Selling and customer-service costs depend on the number of customers that the customer and service functions are designed to support. Arseniq had 140 customers in 2016 and 145 customers in 2017.

Please post the answer in table form exactly like i posted please.

THE COMPANY THAT I HAVE PICKED IS NETFLIX!

Overview: For this task, you will choose and examine a publicly listed company that you are considering analyzing for your final project. You will provide the reason you are choosing to analyze this company for your final project, introduce the key goods and services provided by the company, and explain how the company is organized. Prompt: First, review the Final Project Guidelines and Rubric document so that you understand the scope of the final project. Then, visit the webpage SEC EDGAR Company Filings, and select a company for your final project. Research the company’s background using the corporate website and other web resources. Be sure to cite your sources in APA style. Next, identify the company and address the following critical elements: 

Company Selection: Explain why you have you chosen this company for your final project (personal interest, business interest, professional interest, etc.). 

Financial Context: Key Goods or Services/Features: Describe the key goods and services your selected organization provides. Include information about where, why, and for whom they are provided. Separate the financial interest of the company into financial and nonfinancial features. For example: Are they a manufacturer offering their own financing to customers? Is the company currently facing any financial woes? Explain how these features of the organization (e.g., major products or services, customers, location) help set the boundaries for business decisions. 

Financial Context: Organized: Describe how the company is organized (by product groups, geographic region, function, etc.). Explain how the organization of the company affects accounting and financial information and subsequent business decisions. Hint: A good place to search for this information is in the notes in financial statements. For example: Is the company filing using GAAP, and are there any provisions for non-GAAP filing? Or, how are revenues treated from foreign subsidiaries?

Note: This paper and the instructor’s feedback will inform Final Project Milestone One, which is due in Module Three. Rubric Guidelines for Submission: The short paper should follow these formatting guidelines: 1 to 2 pages in length (excluding title and reference pages), double spaced, with 12-point Times New Roman font, one-inch margins, and citations in the latest APA style.

When trying to assess differences in her customers, Claire – the owner of Claire’s Rose Boutique – noticed a difference in the typical demand of her female versus her male customers. In particular, she found her female customers to be more price sensitive in general. After conducting some sales analysis, she determined that her female customers have the following demand curve for roses: Q^F = 27 – 2.00 × P. Here, Q^F is the quantity of roses demanded by a female customer, and P is the price charged per rose. She determined that her male customers have the following demand curve for roses: Q^M = 30 – 1.00 × P. Here, Q^M is the quantity of roses demanded by a male customer. If two unaffiliated customers walk into her boutique, one male and one female, determine the demand curve for these two customers combined (i.e., what is their aggregate demand?). (Note: Q^T represents total, or aggregate, demand. Solve for the demand curve for prices less than $12.)

Q^T =________ - P_________

1. What is voucher and why it is useful in the recognition/bookkeeping of accounts payable?

2. What is cut-off bank statement? Why it is useful to auditor in cash audit?

3. Please identify and describe important internal controls over the cash disbursement cycle.

4. Please identify and describe important internal controls over the cash receipt process.

5. Client’s cash balance per book and cash balance per bank are often different and this difference is mostly driven by timing difference and/or errors. Please list at least 3 reconciliation items which may create timing difference.

6. When auditors audit A/R, they can send either positive confirmations or negative confirmations. Please tell me the differences between those two kinds of confirmations.

7. When auditors send two rounds of A/R confirmations and still receive no responses, audit standards allow them to use alternative audit procedures. Please tell me how to perform alternative audit procedures. Please list at least 4 useful documents.

8. Auditors often use analytical procedures when they perform substantive tests of A/R accounts, please list at least 3 ratios that are useful to auditors.

9. How to review the year-end cutoff of sales transactions? Shall an auditor rely on client’s invoices and dates on invoice document? Why or why not?

10. Please tell me the two revenue recognition criteria under the pre-2018 FASB revenue recognition standard (aka. The old FASB revenue recognition standard) and briefly explain them.

11. Under the new FASB revenue standard (aka, post-2018 revenue standard, effective after December 15, 2017, for publicly traded firms in the U.S.), when revenue could be recognized?

12. Please identify and describe important internal controls over the credit sale (NOT cash sale) process.

13. What are the key supporting documents involved in a credit sale transaction? Which department issue which document? Please list at least 4 documents.

14. When you audit manufacturing firms or retailers, why inventory is often the most vulnerable (also dangerous) account that could be subject to high risk of material misstatement?

15. Do you have to worry about inventory account when you audit a local community bank? How about an insurance firm or a hedge fund? Why?

16. How does the presence of perpetual records affect the audit? (Tip from the professor: Unless there are well-controlled perpetual records, auditing standards require the auditor to observe the physical count of inventory at year-end. If the client has well-kept perpetual inventory records, the observation can correspond to the client's periodic counts if taken during its fiscal year).

17. For manufacturing firms, their inventories should be valued based on the lower of cost or market price. Please explain how to decide the market price? If the cost is higher than the market price, what kind of accounting adjustment a firm should make?

18. Please identify and describe important internal controls over the credit purchase process.

19. What are the key supporting documents involved in a credit purchase transaction at a manufacturing firm? Which department issue which document? Who has the authority to sign the payment checks and mail them to suppliers?

20. Inventory consists of three sub-accounts. Please name all of them for a manufacturing firm.

21. What is “material requisition form”? What is its function? What is “time ticket”? Why it is useful?

DB 3 - Discussion Question

Search the Internet for New Business Startups, successful and not so successful from 2006 to 2014.

Provide links and discussions for at least one successful business startup and one no so successful startup.

A $3500 bond paying interest at j1 = 10% matures on June 1, 2030. On July 22, 2004, it was purchased for $3551 plus bond interest. On April 3, 2009, it was sold for $3443 plus bond interest. Estimate the yield j1 by the method of averages.

JetAirways flight from Philadelphia to Boston has 350 seats. The high fare on the flight is $1000 and the restricted/low fare is $500. There is ample demand for the low fare class but high fare demand is uncertain. Demand for the high fare is normally distributed with mean 150 and standard deviation of 45. Further, the customers buy low fare tickets well in advance of high fare customers.

1. What is the expected revenue (in thousands) from high fare passengers when a booking limit of 200 is selected for the low fare tickets?

2. The JetAirways Customers’ Bill of rights states that “Customers who are involuntarily denied boarding shall receive $750 in addition to a ticket refund.” The RM department notices that the number of no-shows is normally distributed with a mean of 7.5 and standard deviation of 3. What is the maximum number of reservations in excess of plane capacity that the airline should accept?

**Please show work

The comparative balance sheets for 2021 and 2020 and the income statement for 2021 are given below for Arduous Company. Additional information from Arduous’s accounting records is provided also.

Additional information from the accounting records:

1. Investment revenue includes Arduous Company’s $10 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2021 at a gain of $4 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. Equipment originally costing $74 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $15 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $5 million.
5. The preferred stock of Tory Corporation was purchased for $27 million as a long-term investment.
6. Land costing $48 million was acquired by issuing $24 million cash and a 12%, four-year, $24 million note payable to the seller.
7. The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $84 million. Annual lease payments of $7 million are paid at the beginning of each year starting January 1, 2021.
8. $62 million of bonds were retired at maturity.
9. In February, Arduous issued dividend (4.8 million shares). The market price of the $5 par value common stock was $7.50 per share at that time.
10. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $11.00 million.

Required:
Prepare the statement of cash flows of Arduous Company for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10.). Amounts to be deducted should be indicated with a minus sign.)