Questions
Backwoods American, Inc., produces expensive water-repellent, down-lined parkas. The co. implemented a TQM program in 2005....

Backwoods American, Inc., produces expensive water-repellent, down-lined parkas. The co. implemented a TQM program in 2005. Following are the quality-related accounting data that have been accumulated for the 5-year period after the program's start.

Year
2006 2007 2008 2009 2010
Quality Costs ($1000s)
Prevention 3.2 10.7 28.3 42.6 50
Appraisal 26.3 29.2 30.6 24.1 19.6
Internal Failure 39.1 51.3 48.4 35.9 32.1
External Failure 118.6 110.5 105.2 91.3 65.2
TQC 187.2 201.7 212.5 193.9 166.9
Accounting Measures ($1000s)
Sales 2700.62 2690.12 705.22 310.22 880.7
Manufacturing Cost 420.9 423.4 424.7 436.1 435.5
Total Failure Cost Ratio 84.24% 80.22% 72.28% 65.60% 58.30%
Year
2006 2007 2008 2009 2010
Prevention Cost Ratio 1.71% 5.30% 13.32% 21.97% 29.96%
Appraisal Cost Ratio 14.05% 14.48% 14.40% 12.43% 11.74%
Year
2006 2007 2008 2009 2010
Quality Sales Indices 0.069 0.075 0.301 0.625 0.190
Quality Cost Indices 0.445 0.476 0.500 0.445 0.383
  • List some examples of each quality-related costs - i.e., of prevention, appraisal, and internal and external failure costs - that might result from the production of the parkas.
  • The BA Inc produces 20,000 parkas annually. The quality management program implemented improved average percentage of good parkas produced by 2% each year beginning with 83% good quality parkas in 2005. Only 20% of poor quality parkas can be reworked (and made good). Compute the product yield for each of the 5 years.
  • Assuming a rework cost of $12/parka, determine the manufacturing cost per good parka for each of the 5 years. What do these results imply about the co's quality management program?

In: Accounting

Supply Ltd entered into a non-cancellable five-year lease arrangement with Customer Ltd on 1 July 2019....

Supply Ltd entered into a non-cancellable five-year lease arrangement with Customer Ltd on 1 July 2019. The lease is for an item of machinery. There are to be five annual payments of $315 000, the first being made on 30 June 2020. The implicit interest rate is 12%. The Machinery is expected to have an economic life of six years, after which time it will have an expected residual value of $210 000. There is a bargain purchase option that Customer Ltd will be able to exercise at the end of the fifth year for $280 000. Customer Ltd determined that this contract contains a lease. REQUIRED: Prepare the journal entries in the books of the lessee (Customer Ltd) from 1 July 2019 to 30 June 2020 (the end of the reporting period). Show all working.

In: Accounting

Supply Ltd entered into a non-cancellable five-year lease arrangement with Customer Ltd on 1 July 2019....

Supply Ltd entered into a non-cancellable five-year lease arrangement with Customer Ltd on 1 July 2019. The lease is for an item of machinery. There are to be five annual payments of $315 000, the first being made on 30 June 2020. The implicit interest rate is 12%. The Machinery is expected to have an economic life of six years, after which time it will have an expected residual value of $210 000. There is a bargain purchase option that Customer Ltd will be able to exercise at the end of the fifth year for $280 000. Customer Ltd determined that this contract contains a lease.

REQUIRED: Prepare the journal entries in the books of the lessee (Customer Ltd) from 1 July 2019 to 30 June 2020 (the end of the reporting period). Show all working

In: Accounting

Supply Ltd entered into a non-cancellable five-year lease arrangement with Customer Ltd on 1 July 2019....

Supply Ltd entered into a non-cancellable five-year lease arrangement with Customer Ltd on 1 July 2019. The lease is for an item of machinery. There are to be five annual payments of $315 000, the first being made on 30 June 2020. The implicit interest rate is 12%. The Machinery is expected to have an economic life of six years, after which time it will have an expected residual value of $210 000. There is a bargain purchase option that Customer Ltd will be able to exercise at the end of the fifth year for $280 000. Customer Ltd determined that this contract contains a lease.

REQUIRED: Prepare the journal entries in the books of the lessee (Customer Ltd) from 1 July 2019 to 30 June 2020 (the end of the reporting period). Show all working

In: Accounting

Supply Ltd entered into a non-cancellable five-year lease arrangement with Customer Ltd on 1 July 2019....

Supply Ltd entered into a non-cancellable five-year lease arrangement with Customer Ltd on 1 July 2019. The lease is for an item of machinery. There are to be five annual payments of $315 000, the first being made on 30 June 2020. The implicit interest rate is 12%. The Machinery is expected to have an economic life of six years, after which time it will have an expected residual value of $210 000. There is a bargain purchase option that Customer Ltd will be able to exercise at the end of the fifth year for $280 000. Customer Ltd determined that this contract contains a lease.

REQUIRED:

Prepare the journal entries in the books of the lessee (Customer Ltd) from 1 July 2019 to 30 June 2020 (the end of the reporting period). Show all working.

In: Accounting

Brief Exercise 19-10 Performance-based options [LO19-2] On October 1, 2018, Farmer Fabrication issued stock options for...

Brief Exercise 19-10 Performance-based options [LO19-2]

On October 1, 2018, Farmer Fabrication issued stock options for 280,000 shares to a division manager. The options have an estimated fair value of $5 each. To provide additional incentive for managerial achievement, the options are not exercisable unless divisional revenue increases by 2% in four years. Suppose that Farmer initially estimates that it is not probable the goal will be achieved, but then after one year, Farmer estimates that it is probable that divisional revenue will increase by 2% by the end of 2020.

Required:

1. What is the revised estimate of the total compensation?
2. What action will be taken to account for the options in 2019?
3. Prepare the journal entries to record compensation expense in 2019 and 2020.

In: Accounting

Year Number of Alternative-Fueled Vehicles in US 2000 394,664 2001 425,457 2002 471,098 2003 533,999 2004...

Year

Number of Alternative-Fueled Vehicles in US

2000

394,664

2001

425,457

2002

471,098

2003

533,999

2004

565,492

2005

592,125

2006

634,562

2007

695,766

1. Do the variables have significant correlation? For full credit, you must show each step of the hypothesis test. Use the 0.05 significance.

2. In 2008, the price of gas dropped drastically and hit a low average of $1.59 for the nation. What effect do you think this will have on the alternative-fuel car sales, if any? Do you think that this would affect the number of alternative-fueled vehicles used in the United States? Do you think that it would follow the same pattern as before 2008? Write 2 or 3 sentences explaining how you think the new vehicles will affect the number of alternative-fueled vehicles in the United States.

3. Use your regression equation to predict the number of alternative-fueled vehicles used in the United States in 2010. Assume that the pattern remains the same after the introduction of the electric-gas vehicles. Show your work.

4. Search online to find some evidence for or against your opinion in part e. Give the information that you found and state the URL to the data. Was your prediction correct or incorrect? Why do you think that happened? Write 2 or 3 sentences summarizing the information that you found and explain why you think that happened. Be sure to answer each question.

In: Statistics and Probability

Care in this capacity can range from a short-term to long-term based upon the changing needs...

Care in this capacity can range from a short-term to long-term based upon the changing needs of the patient. Patient age can range from pediatric to elderly. Care can be provided in the patient’s private home, group home, or assisted living setting. Medical homes fall into this category and are a new focus of Accountable Care Organizations through the Affordable Care Act of 2010.

Scenario

As the Director of Human Resources within a home care environment, you are responsible for the ad- ministration of the organization’s labor budgets. Your Director of Clinical Services, who has a MSN, has presented some challenges regarding the compensation of her staff.

This specific assisted nursing facility focuses on long-term care, providing approximately 500 nursing and support personnel who deliver direct and indirect care to approximately 225 patients representing various stages of acuity and need for nursing care. Your overall labor budget represents approximately 60% of expense revenue.

The Director of Clinical Service complains that several of her registered nurses are threatening to leave the organization, allegedly because a competitor nearby pays their nurses higher wages. In fact, Direc- tor of Clinical Service asks for an across-the-board immediate pay adjustment of an additional $5.00 an hour for the nurses. She is awaiting a response from you before the day is over.

After reading the Home Care scenario in the Allied Health Community, consider what types of effects might be seen throughout the organization if it were to administer the $5 raise. How would one justify which nurses receive it?

In: Nursing

Social Construction of Health and Illness Using the Conrad & Barker (2010) reading: What is one...

Social Construction of Health and Illness Using the Conrad & Barker (2010) reading: What is one key finding of social constructionism? Explain and provide examples. Have you noticed this before in daily life and/or the medical field? After reading the links on BMI: How is BMI socially constructed? Is using BMI a good indicator of health? Why or why not? Has the use of BMI by the medical field influenced your perception of health? Discuss. Stigma is a key concept to understanding the social construction of health and illness. Rather than reading the (long) article on this, please look up one mental health condition that is stigmatized. This may be either a current recognized mental health condition or one that has been de-pathologized. What mental health condition did you decide to look up? How does stigma affect this condition? In what ways is this condition embedded with cultural meaning? (This section should connect to the Conrad & Barker article) How do individuals come to understand and live with this illness? (This section should connect to the Conrad & Barker article) How does stigma affect the way you think about and discuss mental health? Note: you are not required to disclose your mental health status unless you are comfortable and want to. This week and last week’s content included more dense and theoretical content. Do you have any questions, comments, and/or notice any connections to your life/experiences? This section is purposely broad and intended to be as similar as possible to in-class time to discuss the material and to ask questions.

In: Psychology

50mL of 0.1M weak acid is titrated with 0.1 strong acid. Pka is 5.20 What is...

50mL of 0.1M weak acid is titrated with 0.1 strong acid. Pka is 5.20

What is the pH before the acid is added

pH after adding 10mL of acid

pH after 50 mL is added

pH after 60mL is added

Thank you for the help, I dont mind doing the amth, mainly need help with the equarions, thanks!

In: Chemistry