Explain what is meant by the Theme Park internal and external business environment and use the acronym P.E.S.T with appropriate examples to clarify your explanation. Also, discuss using how new rides can be both interactive and educational.
In: Operations Management
Using your Starbucks' latest financial data (2017 or the latest quarter for 2018 that’s available), present the data and identify the company’s cost structure:
1. What percentage is variable cost (to sales?)
2. What percentage is fixed cost (to sales?) 3. What is the gross margin?
4. Is breakeven point predictive from the info you see in the financial statements? If yes, show computations and provide a short form (2 or 3 statements) analysis.
5. Is degree of operating leverage predictive from the financial statements? If yes, show computations and provide a short form (2 or 3 statements) analysis.
In: Finance
Homes in a certain town have a mean value of $88,950. It is assumed that homes in the vicinity of the school have a higher value. A sample of 12 homes near the school is selected and it appears as if the population is normal. Their mean value is $92,460 with a standard deviation of $5200. Can we prove with 95% certainty that homes near the school do indeed have a higher value?
In: Statistics and Probability
The Dept. of Transportation is comparing two alternative pavement designs with the following cost characteristics. Determine the least expensive alternative with a method of your choice. i=5% per year compounded annually.
Construction Cost at year 0
Maintenance Cost from years 1-20
| Year | A | B |
|---|---|---|
| 0 | $450,000 | $700,000 |
| 1 | ||
| 2 | ||
| 3 | $40,000 | |
| 4 | ||
| 5 | $50,000 | |
| 6 | $40,000 | |
| 7 | ||
| 8 | ||
| 9 | $40,000 | |
| 10 | $50,000 | |
| 11 | ||
| 12 | End of Service | |
| 13 | ||
| 14 | ||
| 15 | $500,000 | |
| 16 | ||
| 17 | ||
| 18 | ||
| 19 | ||
| 20 | End of Service |
In: Civil Engineering
Tiger Furnishings produces two models of cabinets for home
theater components, the Basic and the Dominator. Data on operations
and costs for March follow:
| Basic | Dominator | Total | |||||||
| Units produced | 1,180 | 390 | 1,570 | ||||||
| Machine-hours | 3,100 | 2,900 | 6,000 | ||||||
| Direct labor-hours | 2,200 | 2,100 | 4,300 | ||||||
| Direct materials costs | $ | 18,000 | $ | 5,750 | $ | 23,750 | |||
| Direct labor costs | 63,000 | 47,000 | 110,000 | ||||||
| Manufacturing overhead costs | 187,810 | ||||||||
| Total costs | $ | 321,560 | |||||||
Tiger Furnishings’s CFO believes that a two-stage cost allocation
system would give managers better cost information. She asks the
company’s cost accountant to analyze the accounts and assign
overhead costs to two pools: overhead related to direct labor cost
and overhead related to machine-hours.
The analysis of overhead accounts by the cost accountant follows:
| Manufacturing Overhead | Overhead Estimate |
Cost Pool Assignment | |
| Utilities | $ | 1,500 | Machine-hour related |
| Supplies | 4,300 | Direct labor cost related | |
| Training | 8,600 | Direct labor cost related | |
| Supervision | 25,800 | Direct labor cost related | |
| Machine depreciation | 27,000 | Machine-hour related | |
| Plant depreciation | 19,500 | Machine-hour related | |
| Miscellaneous | 101,110 | Direct labor cost related | |
Required:
b. Compute the product costs per unit assuming that Tiger Furnishings uses direct labor costs and machine-hours to allocate overhead to the products. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)
|
In: Accounting
In a construction project today, 600 square meters of thermic isolation is required. Main inputs consist of styro-foam and labor. In 2010, the cost of styro-foam was $8 per kg, knowing that the isolation used weighs 12 kilograms per 50 square meter. The cost index in 2010 was 190 while today in 2017 it is equal to 180. The estimated labor cost for a first installation is $27000. Past experience has shown that the cost related to the labor required for producing each new pump is lowered by 20%. Use the cost of the sixth installation as your standard cost to estimate the total direct labor cost, if the project needs 10 installations per each square meter. Calculate the total cost of the installed thermic isolation for this project.
In: Economics
The XYZ Company uses the conventional retail inventory method to estimate ending inventory for its monthly financial statements and presents the following data for one department for February 2020. Present a schedule that shows the ending inventory at cost and highlight that cell with color and a thick outside border. Label each column and row clearly so your workpaper can be used by other people in Marquette's accounting department. Present the cost to retail percentage as a percentage with two decimal places.
| Inventory, February 1, 2020 | |
| At cost | $ 46,000 |
| At retail | 81,000 |
| Purchases (exclusive of freight and returns): | |
| At cost | 249,600 |
| At retail | 423,000 |
| Freight-in | 15,400 |
| Purchase returns: | |
| At cost | 7,511 |
| At retail | 11,350 |
| Markups | 2,500 |
| Markup cancellations | 1,250 |
| Markdowns (net) | 3,600 |
| Sales revenue | 245,000 |
In: Accounting
Early in its fiscal year ending December 31, 2018, San Antonio
Outfitters finalized plans to expand operations. The first stage
was completed on March 28 with the purchase of a tract of land on
the outskirts of the city. The land and existing building were
purchased for $1,080,000. San Antonio paid $340,000 and signed a
noninterest-bearing note requiring the company to pay the remaining
$740,000 on March 28, 2020. An interest rate of 6% properly
reflects the time value of money for this type of loan agreement.
Title search, insurance, and other closing costs totaling $34,000
were paid at closing.
During April, the old building was demolished at a cost of $84,000,
and an additional $64,000 was paid to clear and grade the land.
Construction of a new building began on May 1 and was completed on
October 29. Construction expenditures were as follows: (FV of $1,
PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
(Use appropriate factor(s) from the tables
provided.)
| May 1 | $ | 3,300,000 | |
| July 30 | 2,200,000 | ||
| September 1 | 1,740,000 | ||
| October 1 | 2,640,000 | ||
San Antonio borrowed $5,500,000 at 6% on May 1 to help finance
construction. This loan, plus interest, will be paid in 2019. The
company also had the following debt outstanding throughout
2018:
| $3,400,000, 8% long-term note payable |
| $5,400,000, 5% long-term bonds payable |
In November, the company purchased 10 identical pieces of equipment
and office furniture and fixtures for a lump-sum price of $740,000.
The fair values of the equipment and the furniture and fixtures
were $546,000 and $294,000, respectively. In December, San Antonio
paid a contractor $355,000 for the construction of parking lots and
for landscaping.
Required:
1. Determine the initial values of the various
assets that San Antonio acquired or constructed during 2018. The
company uses the specific interest method to determine the amount
of interest capitalized on the building construction.
Early in its fiscal year ending December 31, 2018, San Antonio
Outfitters finalized plans to expand operations. The first stage
was completed on March 28 with the purchase of a tract of land on
the outskirts of the city. The land and existing building were
purchased for $1,080,000. San Antonio paid $340,000 and signed a
noninterest-bearing note requiring the company to pay the remaining
$740,000 on March 28, 2020. An interest rate of 6% properly
reflects the time value of money for this type of loan agreement.
Title search, insurance, and other closing costs totaling $34,000
were paid at closing.
During April, the old building was demolished at a cost of $84,000,
and an additional $64,000 was paid to clear and grade the land.
Construction of a new building began on May 1 and was completed on
October 29. Construction expenditures were as follows: (FV of $1,
PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
(Use appropriate factor(s) from the tables
provided.)
| May 1 | $ | 3,300,000 | |
| July 30 | 2,200,000 | ||
| September 1 | 1,740,000 | ||
| October 1 | 2,640,000 | ||
San Antonio borrowed $5,500,000 at 6% on May 1 to help finance
construction. This loan, plus interest, will be paid in 2019. The
company also had the following debt outstanding throughout
2018:
| $3,400,000, 8% long-term note payable |
| $5,400,000, 5% long-term bonds payable |
In November, the company purchased 10 identical pieces of equipment
and office furniture and fixtures for a lump-sum price of $740,000.
The fair values of the equipment and the furniture and fixtures
were $546,000 and $294,000, respectively. In December, San Antonio
paid a contractor $355,000 for the construction of parking lots and
for landscaping.
Required:
1. Determine the initial values of the various
assets that San Antonio acquired or constructed during 2018. The
company uses the specific interest method to determine the amount
of interest capitalized on the building construction.
| Assets | Initial Value |
| Land | |
| Land Improvments | |
| Building | |
| Equipment | |
| Furniture and Fixtures |
2. How much interest expense will San Antonio report in its 2018 income statement?
| Interest Expense |
In: Accounting
How much time do Americans living in or near cities spend waiting in traffic, and how much does waiting in traffic cost them per year? The data set given includes this cost for 31 cities. For the time Americans living in or near cities spend waiting in traffic and the cost of waiting in traffic per year:
a. Compute the mean, median, first quartile, and third quartile.
b. Compute the range, interquartile range, variance, standard deviation, and coefficient of variation.
c. Construct a boxplot. Are the data skewed? If so, how?
d. Compute the correlation coefficient between the time spent sitting in traffic and the cost of sitting in traffic.
e. Based on the results of (a) through (c), what conclusions might you reach concerning the time spent waiting in traffic and the cost of waiting in traffic.
| City | Annual Time Sitting in Traffic (hours) | Cost of Sitting in Traffic ($) |
| Boston | 47 | 980 |
| New York | 54 | 1126 |
| Philadelphia | 42 | 864 |
| Washington | 74 | 495 |
| Miami | 38 | 785 |
| Detroit | 33 | 687 |
| Cleveland | 20 | 383 |
| Minneapolis | 45 | 916 |
| Milwaukee | 27 | 541 |
| Chicago | 71 | 1568 |
| St. Louis | 30 | 642 |
| Nashville | 35 | 722 |
| Memphis | 23 | 477 |
| Atlanta | 43 | 824 |
| New Orleans | 35 | 746 |
| Omaha | 21 | 389 |
| Wichita | 20 | 379 |
| Dallas | 45 | 924 |
| Houston | 57 | 1171 |
| Denver | 49 | 993 |
| Albuquerque | 25 | 525 |
| Phoenix | 35 | 821 |
| Salt Lake City | 27 | 512 |
| Las Vegas | 28 | 512 |
| Boise | 19 | 345 |
| Seattle | 44 | 942 |
| Portland | 37 | 744 |
| San Francisco | 50 | 1019 |
| San Jose | 37 | 721 |
| Los Angeles | 64 | 1334 |
| San Diego | 38 | 794 |
In: Statistics and Probability
(See Creating Square Thumbnails section below)
In: Computer Science