Why do government agencies publicly open sealed bid tenders and announce the identify and amount of the winning bidder? (Explain in 100 words)

Bass hunt is a local outdoor store that competes with other outdoor stores.

They are proposing two marketing plans follow (consider them independent of each other)

Plan 1: They sell a deer tree stand. they take a standard tree and modify it to make it work.

- They sold 80 stands during 2018 for $400 each

- the stands are warrantied for 3 years (manufacture defects)

- the company's purchase cost per stand is $250 and they spent another $3,000 modifying the 80 stands.

- in addition to the sale of the stand, they sold extended warranties for 20 stands that added 2 years to the period.

- the extended warranty was sold for $250 each

- the company estimates that they will incur $2,600 of total cost servicing the 3 year standard warranty for the 80 stands sold during 2018.

Plan 2: they have a customer royalty program that "rewards" customer with one point for every $10 purchase.

- each point is redeemable for $1.00 off any purchase from the store in the next two years.

- during 2018, customers bought $100,000 of products and earned 10,000 points.

- the standalone selling price of the products was $100,000

- based on previous data, they expect 9,400 of the points to be redeemed from the 10,000

Required:

A- prepare journal entries for the 2018 sale of tree stands and warranty.

B- The company incurred $350 of warranty cost during 2018 relating with 2018 sales. prepare journal entry to record the incurrence of these costs and prepare any 12/31/18 adjusting entries.

C- prepare journal entries related to bonus point sales for 2018.

D- How much will the company recognize additional revenue in 2019 assuming 4,600 of the 2018 points are redeemed.

Company A and B are close competitors. Company A's management has decided to adopt a price-assurance policy and actively advertise about it. Under Company A's price-assurance policy, if its customers find lower advertised prices elsewhere on any items they purchase from Company A, then Company A guarantees that it will rebate the customers two times the price difference. In response, Company B’s management is considering lowering the prices of all items which are also carried by Company B with a view to inflicting financial pain on Company A, and has engaged you to advise them on their strategy. What is your advice to them? Explain.

The WIX Company Civil Engineers consists of two divisions. The divisions are Water (WA) and Infrastructure (IF). The company sells engineering services to various customers. The following are the bill rates for the various staff classifications: Vice President $280/hour Senior Engineer $220/hour Associate Engineer $200/hour Staff Engineer $160/hour The two divisions expect to bill the following hours: • Water- 12,000 hours, vice president at 15% of the time, 20% of Senior Engineer time 10% to Associate engineers and remaining to Staff Engineers. • Infrastructure- 4,000 hours, vice president at 12% of the time, 20% of Senior Engineer time, 5% to Associate engineers and remaining to Staff Engineers. The Direct Labor costs per hours are as follows: Vice President $99/hour Senior Engineer $77/hour Associate Engineer $62/hour Staff Engineer $53/hour The utilization (billable ratio to total hours) for each staff members are as follows: Vice President 65% Senior Engineer 80% Associate Engineer 85% Staff Engineer 92%. The company has the following other costs: Admin Salaries $181,000 Software $20,000 CEO Salary $150,000 Rent $125,000 Utilities $16,000 Benefits $75,000 Assume that there are 2080 hours per year that each engineer can work including vacation and other benefit hours. You are an outside consulting firm and the company Board and the CFO have engaged you. The goal of the Board and the CFO is to improve profitability of the divisions and company. Therefore, to accomplish that the following questions should be answered during the presentation and the write up. (1). Develop a staffing plan (FTE- Full time equivalent) based on the expected hours to be billed. This means, how many of (Full Time Equivalents) the various staff types should be there to accomplish the set goals and billable hours. (2). Develop an Income Statement budget for the company and the two divisions. All overhead costs can be allocated using percentage of revenues. (3). What can the company do to allocate costs differently to the divisions? Prepare a revised Income statement by division. (4). Calculate the breakeven revenue. (5). Make recommendations to improve profitability. (6). If the company wants to make a profit of $3M how much revenue would it need? (Assuming all costs stay the same including labor)

Kinney’s Repair Ltd. was started on May 1. A summary of May transactions is presented below.

Prepare a tabular analysis of the transactions. Revenue is called Service Revenue. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. -15,000 or parenthesis (15,000).)

From an analysis of the Retained Earnings columns, compute the net income or net loss for May.

Talia’s Tutus is considering purchasing a new sewing machine. The old machine it has right now was bought 2 years ago for $30,000, with an assume life of 5 years and an assume salvage value of $5,000. The firm uses straight-line depreciation. The old machine can be sold for $25,000. The new machine can be purchased today for $40,000. The new machine will have a 5-year life and will be depreciated to $5,000 using straight-line depreciation. With the new sewing machine, the firm is expected to have additional revenue of $15,000 for each of the next five years. The variable cost is 40% of the revenue, and the fixed cost is $3,000 each year. Suppose Talia’s Tutus allows its customers to pay their bills with an average 3-month delay, and its inventories are 15% of next year’s expense. If the opportunity cost of capital is 12%, corporate tax rate is 35%, and capital gain tax is 15%, what are the project’s NPV and IRR? please post step by step

Problem 1-1A

Fredonia Repair Inc. was started on May 1. A summary of May transactions is presented below.

1. Stockholders invested $15,500 cash in the business in exchange for common stock.

2. Purchased equipment for $5,500 cash.

3. Paid $200 cash for May office rent.

4. Paid $600 cash for supplies.

5. Incurred $300 of advertising costs in the Beacon News on account.

6. Received $5,000 in cash from customers for repair service.

7. Declared and paid a $1,000 cash dividend.

8. Paid part-time employee salaries $1,000.

9. Paid utility bills $140.

10. Performed repair services worth $990 on account.

11. Collected cash of $140 for services billed in transaction (10).

Part 1.

Prepare a tabular analysis of the transactions. Revenue is called Service Revenue.

Part 2.

From an analysis of the Retained Earnings columns, compute the net income or net loss for May.

Use current public financial statements for Wing Stop to determine the following:

1. What is their sustainable growth rate based on earnings?

2. How has their historical growth compared to sustainable growth and what methods do they appear to have used to reduce the gap between the two?

3. Assuming the company’s growth doubles from recent trends, what challenges will the organization encounter and what is your recommendation to achieve growth?

Required: a. Use Excel to create an unadjusted trial balance for Post Plumbing, Inc. at January 31, 2019. b. Prepare the adjusting journal entries for the month of January. Create additional accounts as necessary. c. Post all adjusting journal entries necessary to your Excel trial balance. d. Use Excel to create the adjusted trial balance. e. Prepare an unclassified balance sheet at January 31, 2019.The following account balances are provided for Post Plumbing, Inc. at January 31, 2019:

Cash $ 372,100

Accounts Receivable 359,000

Investments 30,000

Spare parts and supplies 38,000

Prepaid salaries expense 9,000

Prepaid rent 36,000

Equipment 721,850

Accounts payable 18,200

Interest payable 280

Unearned Revenue 22,000

Notes payable 35,000

Bank loan 426,000

Common Stock 625,000

Retained Earnings 99,150

Service Revenue 413,000

Interest Revenue 300

Parts and supplies expense 16,000

Loss on sale of investments 2,980

Salaries expense 50,000

Utilities expense 1,200

Advertising expense 2,800

The following additional information is provided for the month ending January 31, 2019:

1. Rent is paid through March 31, 2019.

2. Depreciation expense for the month was $9,950.

3. $3,800 of services paid for in December were rendered during January.

4. A physical count showed $29,000 of supplies on hand on January 31, 2019.

5. $3,500 of wages earned from January 27-31 will be paid in February.

6. The interest rate on the $35,000 note payable is 5%.

7. Received a January phone bill for $480 on February 4.

8. The investment balance includes an $18,000 note receivable with an interest rate of 2%.

9. Company purchases long-term disability insurance for its employees. The monthly premium is .25% of salaries expense and is payable quarterly.

10. The income tax rate is 21%