Questions
Mr. Raju just appointed as an account manager at NH Sdn Bhd, a retail company selling...

Mr. Raju just appointed as an account manager at NH Sdn Bhd, a retail company selling merchandises for local market. Mr. Raju is being responsible to prepare and monitor the budget and expenses of the company business. Currently the company is preparing the quarterly budget as of 31 December 2020 and he has been asked by Ms. Sally, the owner of the company, to prepare a master budget. The sales forecast for the merchandises are provided as follows:

Unit sales

August 2020

1,500 actual

September 2020

1,600 actual

October 2020

1,700 budgeted

November 2020

2,300 budgeted

December 2020

2,400 budgeted

January 2021

1,300 budgeted

The average selling price and the average purchase price per unit are RM250 and RM120 respectively. As for desired ending inventory is expected 30% of next month’s unit sales. Collections from customers will be 20% in month of sale, 50% in month after sale and 30% two months after sale.

As for projected cash payments, inventory purchases will be paid in the month following acquisition. Meanwhile, variable cash expenses are equal to 35% of each month’s sales and paid in the month of sale. Fixed cash expenses are RM20,000 per month and are paid in the month incurred. Depreciation on equipment is RM2,000 per month. Desired ending cash balance per month will be RM20,000.

NH Sdn Bhd also has provided the following information at 30 September 2020

Balance Sheet as at 30 September 2020

RM

Cash

30,000

Account Receivable

245,000

Merchandise inventory(650 unit)

78,000

Fixed Assets (net)

110,000

Total assets

463,800

Account Payable(Merchandise)

148,800

Owner’s Equity

315,000

Total liability and equity

463,800

Required:

Based on the information given, you are required to prepare the following budget** for the upcoming quarter ending 31 December 2020.

  1. Sales Budget for each month of the quarter;
  2. Purchases Budget for each month of the quarter;
  3. Cash Budget for each month of the quarter;
  4. Budgeted Income Statement; Quarter
  5. Budgeted Balance Sheet.

In: Accounting

I need a annual shareholder letter 800-1000 words as a CEO in response to the COVID-19...

I need a annual shareholder letter 800-1000 words as a CEO in response to the COVID-19 crisis and how my company (a made up business) will handle business in this new reality.

In: Operations Management

Topic: Media activity Now you are employed as the public relations officer of an information technology...

Topic: Media activity

Now you are employed as the public relations officer of an information technology company. The company is going to promote a new product at early in November 2020. Being the PR officer, your assignment is to propose a press conference for the promotion of the new product at the end of October 2020.

Your assignment should include:

  1. Introduction/background of the company (under 100 words)
  2. Brief description of the new product with news value (under 70 words)
  3. Illustration of the press conference including the objectives, target audiences and the three stages from preparation to after the event. (about 730 words in essay forms)
  4. Conclusion (under 100 words)
  5. (Whatever the product is, it must be new and technological)

In: Economics

Describe the structured interview. What are the characteristics of structured interviews that improve on the shortcomings...

Describe the structured interview. What are the characteristics of structured interviews that improve on the shortcomings of unstructured interviews? Develop one original situational question and an accompanying rating scale using benchmark responses with assigned values to be used in a structured interview. Be sure to note the task you are targeting for the job.

In: Operations Management

Do you think that informational interviewing can be an effective networking tool? Why or why not?...

Do you think that informational interviewing can be an effective networking tool? Why or why not? Do you plan on conducting informational interviews? Why or why not? Who would you interview? Why would you interview them? Please Answer in 6-8 Sentences

In: Operations Management

Describe the structured interview. What are the characteristics of structured interviews that improve on the shortcomings...

Describe the structured interview. What are the characteristics of structured interviews that improve on the shortcomings of unstructured interviews? Develop one original situational question and an accompanying rating scale using benchmark responses with assigned values to be used in a structured interview. Be sure to note the task you are targeting for the job.

In: Operations Management

On 1 January 2018, Entity P1 acquired the entire share capital of entity S1. The functional...

On 1 January 2018, Entity P1 acquired the entire share capital of entity S1. The functional currencies of entities S1 and P1 are US$ and S$ (also presentation currency of P1) respectively. The net assets of S1 on 1 January 2018 were US$1,340,000. The financial statements of entity S1 on 31 December 2018 are as follows:

Statement of financial position (in US$) As of 31 December 2018

Current Assets

Cash

40,000

Accounts receivable

780,000

Inventory

230,000

Fixed assets

Building

1,800,000

Equipment

600,000

Total Assets

3,450,000

Current liabilities

Accounts payable

530,000

Non-current liabilities

Loan payable

940,000

Shareholder's equity

Share capital

1,340,000

Retained earnings

640,000

Total liabilities and equity

3,450,000

Income Statement (in US$)

For year ended 31 December 2018

Sales revenue

6,600,000

Cost of goods sold

(5,400,000)

Gross profit

1,200,000

Operating expenses

(420,000)

Net profit before tax

780,000

Tax expense

(140,000)

Net income after tax

640,000

The US$/S$ exchange rates are as follows: 1 January 2018

1.42

31 December2018

1.48

Average for year 2018

1.45

Required

Prepare the translated 2018 financial statements of entity S1 in presentation currency.

In: Accounting

On January 1, 2020, Allan Company bought a 15 percent interest in Sysinger Company. The acquisition...

On January 1, 2020, Allan Company bought a 15 percent interest in Sysinger Company. The acquisition price of $208,500 reflected an assessment that all of Sysinger’s accounts were fairly valued within the company’s accounting records. During 2020, Sysinger reported net income of $112,800 and declared cash dividends of $33,700. Allan possessed the ability to significantly influence Sysinger’s operations and, therefore, accounted for this investment using the equity method.

On January 1, 2021, Allan acquired an additional 80 percent interest in Sysinger and provided the following fair-value assessments of Sysinger’s ownership components:

Consideration transferred by Allan for 80% interest $ 1,425,600
Fair value of Allan's 15% previous ownership 267,300
Noncontrolling interest's 5% fair value 89,100
Total acquisition-date fair value for Sysinger Company $ 1,782,000

Also, as of January 1, 2021, Allan assessed a $420,000 value to an unrecorded customer contract recently negotiated by Sysinger. The customer contract is anticipated to have a remaining life of four years. Sysinger’s other assets and liabilities were judged to have fair values equal to their book values. Allan elects to continue applying the equity method to this investment for internal reporting purposes.

At December 31, 2021, the following financial information is available for consolidation:

Allan Company Sysinger Company
Revenues $ (977,600 ) $ (404,000 )
Operating expenses 645,600 244,400
Equity earnings of Sysinger (51,870 ) 0
Gain on revaluation of Investment
in Sysinger to fair value
(46,935 ) 0
Net income $ 430,805 $ 159,600
Retained earnings, January 1 $ (964,600 ) $ (638,400 )
Net income (430,805 ) (159,600 )
Dividends declared 140,000 42,400
Retained earnings, December 31 $ (1,255,405 ) $ (755,600 )
Current assets $ 287,800 $ 574,300
Investment in Sysinger (equity method) 1,704,490 0
Property, plant, and equipment 846,000 615,000
Patented technology 870,600 386,000
Customer contract 0 0
Total assets $ 3,708,890 $ 1,575,300
Liabilities $ (1,326,485 ) $ (106,700 )
Common stock (920,000 ) (522,000 )
Additional paid-in capital (207,000 ) (191,000 )
Retained earnings, December 31 (1,255,405 ) (755,600 )
Total liabilities and equities $ (3,708,890 ) $ (1,575,300 )
  1. How should Allan allocate Sysinger’s total acquisition-date fair value (January 1, 2021) to the assets acquired and liabilities assumed for consolidation purposes?

  2. Calculate the following as they would appear in Allan's pre-consolidation 2021 statements.

  • Equity in earnings of Sysinger
  • Gain on revaluation of Investment in Sysinger to fair value
  • Investment in Sysinger
  1. Prepare a worksheet to consolidate the financial statements of these two companies as of December 31, 2021.

At year-end, there were no intra-entity receivables or payables.

In: Accounting

Question 01: How are apps, Skype, tweets, social networking, and virtual meetings changing business? How might...

Question 01: How are apps, Skype, tweets, social networking, and virtual meetings changing business? How might apps and Skype be employed for internal and external communication?

Question 02: How are telecommuting situations, where your first meeting takes place over email, and you never meet in person, changing business interaction?

Question 03: How does this change “the stakes” of your first email and subsequent emails? Is it really possible to form a professional relationship over email?

Question 04: Have you ever experienced a business relationship like this? Was it successful?

  1. Some companies that hire out of state are hiring people strictly over Skype, without ever meeting in person. Is this wise? Do you believe it’s possible to really know a person or a company through one Skype interview? How would you prepare for such an interview?

In: Operations Management

Create 4-page (not including the cover or reference page) paper on a hot topic in Human...

Create 4-page (not including the cover or reference page) paper on a hot topic in Human Resource Management.

Paper Topics:

  1. Remote Work/Telecommuting Increasing in Popularity
  2. Health Care Reform and its Impact on Businesses
  3. Trends in Minimum Wage and the Impact on Businesses
  4. Employee/Workforce Literacy: Issues and Solutions
  5. Background Checks and Neglect Hiring
  6. The Impact of Baby Boomers on the Workforce
  7. Is the Interview a Valid Predictor of Employee Success?  How to Improve the Interview Process.  
  8. The Importance of Work-Life Balance:  Benefits to the Employee and Company.
  9. The Use of Social Media in the Hiring Process
  10. The Benefits of Teamwork in Business.  How to Develop and Manage High-Performance Work Teams.
  11. Employees Use of Social Media at Work: Pros and Cons
  12. Sexual Harassment Issues in Corporate America
  13. How HRM deals with absenteeism of the employees in a specific sector?

Content: paper should consist of information that cannot be found in your text.  

In: Operations Management