Thomas Consultants provided Bran Construction with assistance in implementing various cost-savings initiatives. Thomas’s contract specifies that it will receive a flat fee of $57,000 and an additional $27,000 if Bran reaches a prespecified target amount of cost savings. Thomas estimates that there is a 25% chance that Bran will achieve the cost-savings target. Required:

1. Assuming Thomas uses the expected value as its estimate of variable consideration, calculate the transaction price.

2. Assuming Thomas uses the most likely value as its estimate of variable consideration, calculate the transaction price.

3.

Assume Thomas uses the expected value as its estimate of variable consideration, but is very uncertain of that estimate due to a lack of experience with similar consulting arrangements. Calculate the transaction price.

[The following information applies to the questions displayed below.]

The following data pertain to Lawn Master Corporation’s top-of-the-line lawn mower.

To achieve a target price of $541 per lawn mower, the markup percentage is 12.7 percent on total unit cost.

Required:

1. What is the fixed selling and administrative cost allocated to each unit of Lawn Master’s top-of-the-line mower? (Do not round your intermediate computations. Round your final answer to the nearest dollar amount.)
2. For each of the following cost bases, develop a cost-plus pricing formula that will result in a target price of $541 per mower: (Round your percentage answers to 2 decimal places (i.e., .1234 should be entered as 12.34).)

A plant to make 30 000 t y^-1 of glycerine and comprising 11 process steps was built in the UK five years ago, with a total investment cost of GBP 48 million. A new plant for the production of 50 000 t y^-1 of glycerine is now to be built near Ankara, Turkey. Because of more stringent international legislation, new glycerine plants require additional pollution control equivalent to 3 further process steps. Estimate the total investment cost in TRY (Turkish Lira) of such a plant using the data below.

Scale factor = 0.6

Bolster Equipment Ltd. wanted to expand into New Brunswick and was impressed by the provincial government’s grant program for new industry. Once it was sure that it would qualify for the grant program, it purchased property in downtown Saint John on June 15, 2017. The property cost $239,000 and Sheridan spent the next two months gutting the building and reconstructing the two floors to meet the company’s needs. The building has a useful life of 20 years and an estimated residual value of $65,800. In late August 2017, the company moved into the building and began operations. Additional information follows:

FlexSteal, marketed as a miracle brush-on sealant and baldness cure, is manufactured at three plants that are struggling to keep up with the demand at the four regional centers. The cost to ship a truckload from each of the existing plants to the regional centers is shown in the table. Note that the capacity and the total demand are both measured in truckloads.

The supply chain manager has explored plant construction costs in two other cities as well as the cost to ship a truckload from each of the plants to the regional centers. The current plan is to build another plant with a capacity of 400 to allow room for sales growth. The construction cost for the new plants and cost to ship to each of the regional centers is shown here.

What is the result of formulating the linear programming model of the original network configuration (before considering plants A and B) as follows?
Minimize
subject to  ≤ Dj
≤ Ki

Group of answer choices

The shipping quantity from Plant 3 to Atlanta will be 50.

The shipping quantity from Plant 3 to Atlanta will be 0.

The shipping quantity from Plant 3 to Atlanta will be 350.

The shipping quantity from Plant 3 to Atlanta will be 300.

Determining Cost of Assets Cergo Computers constructed a new training center in 2014, which you have been hired to manage. A review of the accounting records shows the following expenditures debited to an asset account called Training Center:

Attorney's fee, land acquisition $ 34,900
Cost of land 598,000
Architect's fee, building design 102,000
Building 1,020,000
Parking lot and sidewalk 135,600
Electrical wiring, building 164,000
Landscaping 55,000
Cost of surveying land 9,200
Training equipment, tables, and chairs 136,400
Installation of training equipment 68,000
Cost of grading the land 14,000
Cost of changes in building to soundproof rooms 59,200
Total account balance $2,396,300

During the center's construction, an employee of Cergo worked full-time overseeing the project. He spent two months on the purchase and preparation of the site, six months on the construction, one month on land improvements, and one month on equipment installation and training-room furniture purchase and setup. His salary of $64,000 during this ten-month period was charged to Administrative Expense. The training center was placed in operation on November

A. Prepare a schedule with the following four column (account) headings: Land, Land Improvements, Building, and Equipment. Place each of the above expenditures in the appropriate column. Total the columns. If an amount box does not require an entry, leave it blank or enter "0".

B. What impact does the classification of the items among several accounts have on evaluating the profitability performance of the company?

Cullumber Equipment Ltd. wanted to expand into New Brunswick and was impressed by the provincial government’s grant program for new industry. Once it was sure that it would qualify for the grant program, it purchased property in downtown Saint John on June 15, 2020. The property cost $237,000 and Cullumber spent the next two months gutting the building and reconstructing the two floors to meet the company’s needs. The building has a useful life of 20 years and an estimated residual value of $64,800. In late August 2020, the company moved into the building and began operations. Additional information follows:

Assuming that the company uses the cost reduction method to account for government assistance, answer the following:

1- What is the cost of the building on Cullumber Equipment’s statement of financial position at August 31, 2020, its fiscal year end?

Cost of Building =

2- What is the effect of this capital asset on the company’s income statement for the company’s year ended August 31, 2021?

Net effect on income statement=

Assuming the company uses the deferral method to account for government assistance, answer the following:

1- What is the cost of the building on Cullumber Equipment’s statement of financial position at August 31, 2020?

Cost of Building =

2- What is the effect of this capital asset on the company’s income statement for the company’s year ended August 31, 2021?

Net income on effect=

In this problem, assume that the distribution of differences is approximately normal. Note: For degrees of freedom d.f. not in the Student's t table, use the closest d.f. that is smaller. In some situations, this choice of d.f. may increase the P-value by a small amount and therefore produce a slightly more "conservative" answer. Are America's top chief executive officers (CEOs) really worth all that money? One way to answer this question is to look at row B, the annual company percentage increase in revenue, versus row A, the CEO's annual percentage salary increase in that same company. Suppose a random sample of companies yielded the following data:

B: Percent increase for company 26,25,27, 18, 6, 4, 21, 37

A: Percent increase for CEO 25, 25, 22, 14, −4, 19, 15, 30

Level of significance is 5%

a) What is the value of the sample test statistic? (Round your answer to three decimal places.)

In this problem, assume that the distribution of differences is approximately normal. Note: For degrees of freedom d.f. not in the Student's t table, use the closest d.f. that is smaller. In some situations, this choice of d.f. may increase the P-value by a small amount and therefore produce a slightly more "conservative" answer.

At five weather stations on Trail Ridge Road in Rocky Mountain National Park, the peak wind gusts (in miles per hour) for January and April are recorded below.

Level of significance is 1%

b) What is the value of the sample test statistic? (Round your answer to three decimal places.)

Finance & Real Estate Open Ended Question:

Many zoning laws have a rule that when a developer provides a positive externality for the neighborhood, for example by creating a park, they can build extra floors on their building. Do you think this is fair? Explain.

Discuss the factors that contributes to the lack of tour operator offering online booking for their packages despite computer and mobile phone applications that have been created to support many aspects of travel, including travel guides, customer reviews, with hotel and flight reservations.