Questions
Do some research on two firms in your industry or an industry in which you are...

Do some research on two firms in your industry or an industry in which you are interested. Can you get an idea of their working capital management policies from publicly available information? How do the two companies differ in their apparent working capital management policies? Which policy do you think is better and why?

For your second post, consider the company you work for or a company in which you are interested. Also, do some research to find some current cost estimates for various means of financing working capital. What would be your recommendation to the company for financing its working capital needs? If the information is publicly available, or if you have access to it and have permission to discuss it, how does your recommendation compare what the firm is actually doing?

For your next post, explain the cash conversion cycle (CCC). Describe the CCC for your employer or company in an industry in which you're interested. What are some specific things that your company could do to decrease your cash conversion cycle? Let's be sure to describe, in pretty specific terms, the CCC for our company and what could be done to shorten it.

URGENT: NEED ANSWER ASAP

PLEASE RESPOND WITH COPY AND PASTE, NOT ATTACHMENT USE ORIGINAL CONTENT NOT USED BEFORE ON CHEGG

PLEASE ANSWER THROUGHLY TO ALL ANSWER TO BEST ABILITES ORIGINAL SOURCE NEVER USED BEFORE!!!

In: Accounting

1. A 335-room hotel property recorded in 2004 a 66.6% occupancy and an ADR of $117.98....

1. A 335-room hotel property recorded in 2004 a 66.6% occupancy and an ADR of $117.98. What is the property’s franchise fee (1) on a per available room basis and (2) as a percentage of rooms revenue if the agreement required the hotel to pay a reservation fee of $7.65 per available room per month; a royalty fee of 5% of rooms revenue; an advertising fee of 2.3% of rooms revenue; and a frequent traveler program fee of $5.00 per occupied room. The hotel had frequent stay guests totaling 6% of the occupied rooms. The initial fee is a minimum of $45,000 plus $300 per room for each room over 150.

             Please calculate annual room revenue (round to a whole number) $ ___

2. Please use the information from Question 1 to calculate the Royalty Fee.

           Royalty fee (round to a whole number) $ ___

3.Please use the information from Question 1 to calculate the Reservation Fee.

             Reservation fee (round to a whole number) $ ___

4.Please use the information from Question 1 to calculate the Advertising fee.

        Advertising fee (round to two decimal places) $ ___

5.Please use the information from Question 1 to calculate the Frequent traveler fee.

              Frequent traveler fee (round to two decimal places) $ ___

6.Please use the information from Question 1 to calculate the Initial fee.

              Initial fee (round to a whole number) $___

7.Please use the information from Question 1 to calculate the Total franchise fee.

              Total franchise fee (round to a whole number) $ ___

8.Please use the information from Question 1 to calculate the Franchise fee on PAR basis.

             Franchise fee on PAR basis (round to two decimal places) $___ PAR/yea

9.Please use the information from Question 1 to calculate the Franchise fee as a % of revenue.

             Franchise fee as a % of revenue (round to two decimal places) ___%

In: Accounting

Division P of the Nyers Company makes a part that can either be sold to outside...

Division P of the Nyers Company makes a part that can either be sold to outside customers or transferred internally to Division Q for further processing. Annual data relating to this part are as follows:

Annual production capacity...................................

200,000

units

Selling price of the item to outside customers......

$68

Variable cost per unit.............................................

$24

Fixed cost per unit.................................................

$35

Division Q of the Nyers Company requires 40,000 units per year. Consider each part below independently.

1) If outside customers demand 190,000 units per year, what is the number of “lost units”?

2) If outside customers demand 190,000 units per year, what is the lowest acceptable transfer price from the viewpoint of the selling division (the floor)?

3) If outside customers demand 170,000 units per year, what is the number of “lost units”?

4) If outside customers demand 170,000 units per year, what is the lowest acceptable transfer price from the viewpoint of the selling division (the floor)?

In: Accounting

2. Suppose a video game company sells the following two products separately: console and headset. Through...

2. Suppose a video game company sells the following two products separately: console and headset. Through a consumer survey group, it has estimated that the following individuals value the two products at the following prices: Consumer Console Valuation Headset Valuation Louis $400 $45 Lois $300 $40 a) If the company prices the console at $400 each and the headset at $45 each, how much revenue will the firm receive? (2 points) b) If the company prices the console at $400 each and the headset at $40 each, how much revenue will the firm receive? (3 points) c) Suppose the company bundles the console and the headset together for a package price of $445 each. What would be the total revenue in this case? (2 points) d) Is there a bundle price at which both consumers will purchase the package that yields the highest revenue other than seen in a), b), or c)? If so, what will it be (bundle price and revenue)? If not, why not? (4 points)

In: Economics

A monopolist faces 300 customers divided into 3 different groups: 1. High-Demand customers each have a...

A monopolist faces 300 customers divided into 3 different groups:

1. High-Demand customers each have a demand function given by

QH = 18 - P.

2. Medium-Demand customers each have a demand function given by

QM = 16 - P.

3. Low-Demand customers each have a demand function given by

QL = 14 - P.

There are 100 customers of each type (NH=NM=NL=100).

The marginal cost of producing (one unit of) the product the firm is selling is constant at MC = $4. There is no fixed cost.

1. Determine the optimal two-part tariff for this firm and the resulting profits (it can only select one two-part tariff that is applied to all customers).

2. Do the same for NH=NL=50 and NM=200. Explain briefly the difference between the results in (1) and (2).

In: Economics

Find an annual report for a company of interest (perhaps your employer). Publicly held company annual...

Find an annual report for a company of interest (perhaps your employer). Publicly held company annual reports (10K) can be located via Edgar Archives on the Security and Exchange website.

To perform the search in the Edgar Archives you can use either the company name or "ticker symbol" for the company. [View instructions on how to access the annual reports]

Morningstar.com

Edgar Archives

Click on the link to "Interactive Data" and then the link to the "Financial Statements". Locate and review the Income Statement and Balance Sheet. Title your post with the name of your company and share the following in your post:

What is the name of your company?

What is the web address that leads to your financial reports?

Why are you interested in this company?

Calculate the return on assets ratio.

What have you learned from this analysis?

After you have conducted your research, please share with the class approximately 1-2 paragraphs.

Use proper sentence structure and language.

In: Accounting

Find an annual report for a company of interest (perhaps your employer). Publicly held company annual...

Find an annual report for a company of interest (perhaps your employer). Publicly held company annual reports (10K) can be located via Edgar Archives on the Security and Exchange website.

To perform the search in the Edgar Archives you can use either the company name or "ticker symbol" for the company. [View instructions on how to access the annual reports]

Click on the link to "Interactive Data" and then the link to the "Financial Statements". Locate and review the Income Statement and Balance Sheet. Title your post with the name of your company and share the following in your post:

What is the name of your company?

What is the web address that leads to your financial reports?

Why are you interested in this company?

Calculate the cash ratio.

Calculate the acid-test ratio & accounts receivable turnover ratio.

What have you learned from this analysis?

In: Accounting

3. The revenue derived from the sale of shirts is represented by ? = 521? −...

3. The revenue derived from the sale of shirts is represented by ? = 521? − ?2 where n is the number of shirts sold and R is the daily revenue. It is also known that the fixed cost is $5,364 per day plus a variable cost of $205 per shirt.

  1. (a) Construct an equation to express the total cost per day (TC), in $, in terms of n.

  2. (b) Find the profit function using the equation: Profit (P) = Revenue – Total Cost.

  3. (c) Hence, determine the values of n for which the shop can make a profit.

  4. (d) Find the maximum profit with the profit function found in (b) and the corresponding number of

shirts sold per day.

In: Accounting

Serial Case C6-72Calculate and compare cost estimates using high-low and regression methods (Learning Objectives 4 &...

Serial Case

  1. C6-72Calculate and compare cost estimates using high-low and regression methods (Learning Objectives 4 & 5)

This case is a continuation of the Caesars Entertainment Corporation serial case that began in Chapter 1. Refer to the introductory story in Chapter 1, here for additional background. (The components of the Caesars serial case can be completed in any order.)

Caesar Entertainment Corporation’s Form 10-K contains a variety of data in addition to financial statements. Below is a list that contains Caesars’ food and beverage costs (adapted) taken from its Statements of Operations for the past 22 years. In addition, the number of hotel rooms and suites owned by Caesars at the end of each of those 22 years has been gathered from other information provided in the Form 10-Ks.

Year ended

Food and beverage costs

# of hotel rooms & suites

12/31/2014

$ 694,000,000

39,218

12/31/2013

$ 639,000,000

42,200

12/31/2012

$ 634,000,000

42,710

12/31/2011

$ 665,700,000

42,890

12/31/2010

$ 621,300,000

42,010

12/31/2009

$ 596,000,000

41,830

12/31/2008

$ 639,500,000

39,170

12/31/2007

$ 716,500,000

38,130

12/31/2006

$ 697,600,000

38,060

12/31/2005

$ 482,300,000

43,060

12/31/2004

$ 278,100,000

17,220

12/31/2003

$ 255,200,000

14,780

12/31/2002

$ 240,600,000

14,551

12/31/2001

$ 232,400,000

13,598

12/31/2000

$ 228,000,000

11,562

12/31/1999

$ 218,600,000

11,760

12/31/1998

$ 116,600,000

11,685

12/31/1997

$ 103,600,000

8,197

12/31/1996

$ 95,900,000

6,478

12/31/1995

$ 91,500,000

5,736

12/31/1994

$ 82,800,000

5,367

12/31/1993

$ 76,500,000

5,348

Caesars Entertainment Corporation Selected data from Form 10-K (adapted)

Requirements (use excel)

  1. Using the high-low method, find the following cost estimates:
    1. Variable food and beverage cost per hotel room/suite
    2. Fixed food and beverage cost per hotel room/suite
  2. Perform a regression analysis using Excel. Use # of hotel rooms & suites as the X and the Food and beverage costs as the Y in your regression analysis.
    1. What is the estimated variable food and beverage cost per hotel room/suite?
    2. What is the estimated fixed food and beverage cost per hotel room/suite?
    3. In your opinion, is the number of hotel rooms and suites a good predictor of Caesars’ food and beverage costs? Why or why not?

In: Accounting

You have recently been hired as a cost accountant at Travenol Laboratories. The controller is an...

You have recently been hired as a cost accountant at Travenol Laboratories. The controller is an "old school" accountant and has heard that you recently graduated with a degree in accounting. One day he summons you to his office to assign you a task. He says, "I understand that recently educated accountants are using a variety of statistical tools to determine causality between costs and their respective drivers. We have been using direct labor hours as our cost driver for our manufacturing overhead costs for as long as I have been here. In the last few years our production processes have become more automated and I am not sure whether direct labor hours is the appropriate allocation basis for our manufacturing overhead costs. I would like you to use some of those statistical tools to determine whether there is a more appropriate cost driver."

You leave his office recognizing that this is a tremendous career opportunity. If you can convince your boss that you can use statistical analysis to determine the best cost driver, you will have established yourself in the department as a knowledgeable professional. It is good fortune that one of your projects in your cost class dealt specifically with this type of analysis.

Year MOH DLH DLS MH DMS
2000 948,768 7,595 113,932 19,650 149,712
2001 833,153 14,235 173,518 12,767 111,754
2002 753,039 14,997 184,961 12,002 126,155
2003 799,757 12,901 153,511 15,420 140,550
2004 972,624 8,555 168,322 11,107 167,648
2005 967,537 10,565 198,476 13,759 143,981
2006 945,057 12,878 153,169 19,230 110,323
2007 750,112 8,888 93,322 12,319 115,301
2008 884,112 11,287 169,311 13,489 158,897
2009 923,244 10,127 111,900 14,603 167,418
2010 929,320 11,690 215,349 12,126 120,126
2011 785,210 7,707 75,606 11,334 121,555
2012 862,449 12,182 142,734 17,987 101,168
2013 865,873 5,095 36,429 18,015 156,535
2014 804,287 11,464 211,962 15,504 152,855
2015 797,726 9,989 149,840 12,472 148,269
MOH=Manufacturing Overhead MH=Machine Hours
DLH=Direct Labor Hours DM$=Direct Material Dollars
DL$=Direct Labor Dollars

Requirement:

1. Perform a regression on DLH, DL$, MH and DM$ and comment on the following for each;
           a. The equation
           b. Goodness of fit
           c. Significance of independent variables
           d. Any autocorrelation
2. What would you recommend and why?

In: Accounting