discuss some difference between having a publicly provided health insurance system (government provided system) and a privately provided insurance system.

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

Two factories located in different cities, owned by the same organization (ABC Corp), produce the identical product. The product they make is a specialized all-terrain vehicle. In 2002, based on productivity data from a random sample of workers, management felt the average labor productivity of the two plants could be improved. So, both plants underwent identical process improvements through 2003. In 2004, the worker productivity was gauged for both plants using the same set of workers.

Factory A Before = worker productivity for Factory A measured in units finished per day measured in 2002 i.e. before improvement intervention

Factory B Before = worker productivity for Factory B measured in units finished per day measured in 2002 i.e. before improvement intervention

Factory A After = worker productivity for Factory A measured in units finished per day measured in 2004 i.e. after improvement intervention

Factory B After = worker productivity for Factory B measured in units finished per day measured in 2004 i.e. after improvement intervention

You are the consultant and the management wants the following questions answered.

1. Was there a difference in average worker productivity between factories A and B before the process improvement began?
2. Do the two factories (A and B) differ in terms of average productivity after the process improvement?
3. Did the process improvement intervention help improve the average worker productivity in ABC Corp?
4. Did the process improvement intervention help improve the average worker productivity in factory A?
5. Did the process improvement intervention help improve the average worker productivity in factory B?
6. Did the average worker productivity in Factory A improve more than the average worker productivity in Factory B?

Assume α-level of 10%. You have to use p value method. Assume equal variances wherever needed.

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.