1. Alicia is the owner-operator of Cool Beans, a local coffee shop. For the past year, Cool Beans sold 215,000 drinks at an average price of $2.95 per serving. Her average variable cost per serving was $1.15. Currently, she has been using local TV and newspapers to generate interest and awareness at a cost of $171,000 per year. She recently contacted Brushfire Social Media and they estimated they could reach the same number of people in her community with a social media budget at half the cost, though it would require an additional one-time investment of $14,000 in their website and social platforms. As an additional option, Brushfire suggested a separate promotional campaign that would offer a $1 discount to any person who likes their social media page. Brushfire estimates that Cool Beans would sell an additional 5,900 cups with this discount and this new campaign would cost $2,500.

1. What is the Marketing ROI for the Brushfire website and social media plan compared to their current approach? ___ %

2. SleepItOff Properties is a West Coast company that owns and operates several hotel chains. Here is their partially completed income statement for the most recent fiscal year. Matt Tress, a summer intern for the finance team was asked to calculate some basic performance metrics as part of his training. He also was told that the company had $15 million in cash and $206 million of other assets. For Year Ending Dec 31, 2013 $Mill Total Revenue $88 Cost of Revenue $31 Gross Profit ? General, Selling and Admin $20 Depreciation $10 Operating Income or Loss ? Interest Expense $15 Pre-Tax Income ? Income Taxes ? Net Income ? If SleepItOff's Tax Rate is 30%

2. What is SleepItOff's Net Income?

You operate your own small building company and have decided to bid on a government contract to build a pedestrian walkway in a national park during the coming winter. The walkway is to be of standard government design and should involve no unexpected costs. Your present capacity utilization rate is moderate and allows sufficient scope to understand this contract, if you win it. You calculate your incremental costs to be $268,000 and your fully allocated costs to be $440,000. Your usual practice is to add between 60% and 80% to your incremental costs, depending on capacity utilization rate and other factors. You expect three other firms to also bid on this contract, and you have assembled the following competitor intelligence about those companies.

Show all of your calculations and processes. Describe your answers in three- to five-complete sentences.

A.) What price would you bid if you must win the project?

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company’s costs:

For example, electricity costs are $1,300 per month plus $0.10 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.80 per car washed.

The actual operating results for August appear below.

Lavage Rapide
Income Statement
For the Month Ended August 31
Actual cars washed 8,300

Revenue $ 57,860
Expenses:
Cleaning supplies 5,420
Electricity 2,090
Maintenance 1,470
Wages and salaries 7,320
Depreciation 8,200
Rent 2,000
Administrative expenses 1,746
Total expense 28,246
Net operating income $ 29,614

Required:

Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

2. Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company’s costs:

For example, electricity costs are $1,100 per month plus $0.08 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.40 per car washed.

The actual operating results for August appear below.

Lavage Rapide

Income Statement

For the Month Ended August 31

Actual cars washed 8,100

Revenue $53,300

Expenses:

Cleaning supplies 6,100

Electricity 1,710

Maintenance 2,240

Wages and salaries 7,560

Depreciation 8,300

Rent 2,200

Administrative expenses 1,620

Total expense 29,730

Net operating income $23,570

Required:

Prepare a flexible budget performance report that shows the company’s revenue and spending variances and activity variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company’s costs:

For example, electricity costs are $1,400 per month plus $0.07 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.70 per car washed.

The actual operating results for August appear below.

Required:

Complete the flexible budget performance report that shows the company’s activity variances and revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company’s costs:

For example, electricity costs are $1,400 per month plus $0.07 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.70 per car washed.

The actual operating results for August appear below.

Required:

Complete the flexible budget performance report that shows the company’s activity variances and revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Hopkins Lighting Company is a wholesale lighting company that purchases lamps and resells them to retail customers. Hopkins is beginning operations on October 1, 2019. Hopkins Lighting Company stocks three inventory items: desk lamps, table lamps, and floor lamps. Hopkins uses a perpetual inventory system. All expenses associated with the office are Administrative Expenses and all expenses associated with the wharehouse are selling expenses. Hopkinss has hired you to assist them regarding what inventory flow method to adopt. Hopkinss not an expert on inventory flow methods expresses a desire to be tax efficient.

During the fourth quarter of 2019, Hopkins completed the following transactions:

Oct 1 The following assets were received from Hopkins in exchange for common stock:  cash, $150,000;  office supplies, $275; warehouse supplies, $350; land, $20,000; building, $780,000; office furniture and equipment, $125,000; and warehouse fixtures, $260,000.

3    Purchased lamps on account from Blue Ridge Lights, n/30, FOB destination:

                        2,500 desk lamps at $8 each

                        3,000 table lamps at $18 each

                        2,000 floor lamps at $26 each

10     Purchased lamps on account from Blue Ridge Lights, terms n/30, FOB destination:

                        5,000 desk lamps at $9 each

                        7,500 table lamps at $19 each

                        2,500 floor lamps at $25 each

12    Sold lamps on account to Atlas Home Furnishings, terms 2/10, n/30:

                        4,000 table lamps at $45 each

15    Sold lamps on account to Hiawassee Office Supply, terms 2/10, n/30:

                        1,000 desk lamps at $20 each

20    Received a check from Atlas Home Furnishings for full amount owed on Oct. 12 sale.

28    Sold lamps on account to Parkway Home Stores, terms 2/10, n/30:

                        3,500 table lamps at $45 each

                        1,500 floor lamps at $65 each

30    Paid amount due to Blue Ridge Lights from Oct. 3 purchase.

31    Paid salaries, $40,000 (75% selling, 25% administrative).

31    Paid utilities, $2,500 (60% selling, 40% administrative).

Nov 1   Sold lamps on account to Hiawassee Office Supply, terms 2/10, n/30:

                        3,000 desk lamps at $20 each

5   Purchased lamps on account from Blue Ridge Lights, terms N/30, FOB destination:

                        5,000 desk lamps at $10 each

                        10,000 table lamps at $21 each

                        5,000 floor lamps at $27 each

5   Received a check from Parkway Home Stores for full amount owed on Oct. 28 sale.

8   Received a check from Hiawassee Office Supply for full amount owed on Nov. 1 sale.

10    Paid amount due to Blue Ridge Lights from Oct. 10 purchase.     

10   Purchased and paid for supplies: $325 for the office; $675 for the warehouse.

15   Sold lamps on account to Anderson Office Supply, n/30:

                        2,000 desk lamps at $20 each

18   Sold lamps on account to Go-Mart Discount Stores, terms 1/10, n/30:

                        2,000 table lamps at $45 each

                        2,000 floor lamps at $65 each

28   Received a check from Go-Mart Discount Stores for full amount owed on Nov. 18 sale.

30   Paid salaries, $40,000 (75% selling, 25% administrative).

30   Paid Utilities, $2,670 (60% selling, 40% administrative).

Dec 5    Paid amount due to Blue Ridge Lights from Nov. 5 purchase.

15   Received a check from Anderson Office Supply for full amount owed on Nov. 15 sale.

15   Paid dividends, $50,000.

27   Sold lamps on account to Atlas Home Furnishings, terms 2/10, n/30:

                        4,500 desk lamps at $20 each

                        5,000 table lamps at $45 each

31    Paid salaries, $40,000 (75% selling, 25% administrative).

31    Paid utilities, $3,200 (60% selling, 40% administrative).

Requirements:

1.         Open general ledger T-accounts and enter opening balances as of October 1, 2019.

2.         Record the transactions in the general journal.

4.         Post transactions to the general ledger.

5.         Prepare adjusting entries for the year ended December 31, 2018, and post to the ledger:

            a. Depreciation, $48,500 (75% selling, 25% administrative). Use a single accumulated depreciation account.

            b. Supplies on hand:  office, $200; and warehouse, $650.

            c. A physical inventory account resulted in the following counts:  desk lamps, 2,000; table       lamps, 6,000; and floor lamps, 6,000.  

            d. Replacement cost of inventory, desk lamps, $11; table lamps, $22; floor lamps, $24.

6.         Prepare an adjusted trial balance.

7.         Prepare an income statement, statement of retained earnings, and balance sheet as of December 31, 2019.

Use a business periodical or the Internet to determine how the value of the foreign currency of concern has changed over the last year. What is the mean percent-age change over these months? If you believed that the currency's value would continue following the recent trend, would it appreciate or depreciate in the near future?

If you are a CFO, part of your job obligations will likely include handling excess funds. This is cash on hand that doesn’t need to be spent in the near future. What should you do with these funds? Invest it? Leave it in the bank? What are some key considerations?

What are your thoughts on this from a Christian perspective?

At low atomic numbers, stable atomic nuclei have roughly equal numbers of protons and neutrons. How does the neutron/proton ratio change for stable nuclei as the atomic number increases? What is the approximate n:p ration for elements near the end of the periodic table (atomic number above 80)?

find the powere of the upper and lower halves of bifocals design to correct the vision of a 50-year-old nearsighted man who has a near point of 25 cm and a far point of 50 cm

1.) What is the powere of each lens?

2.) What is the person's uncorrected range of clear vision?

Recent advances in molecular techniques have allowed scientists to successfully extract proteins and DNA fragments from extinct animals found in museum collections or the recent fossil record. In the near future, it may be possible to clone previously extinct organisms such as mammoths. What are your opinions on cloning extinct species?