-Determine the Finished Goods for January and provide the number of the Jobs in Finished Goods at the end of January and determine the total cost of ending finished goods for January.

-Determine the Cost of Goods Sold for January and provide the number of the Jobs in Cost of Goods Sold for January and determine the total cost of goods sold for January.

-Determine the ending Work-In-Process Inventory at the end of January and provide the number of the Jobs still in Work-in-Process at the end of January and the determined total cost of ending work in process for January.

Dana Rand owns a catering company that prepares banquets and parties for both individual and business functions throughout the year. Rand’s business is seasonal, with a heavy schedule during the summer months and the year-end holidays and a light schedule at other times. During peak periods, there are extra costs; however, even during nonpeak periods Rand must work more to cover her expenses.

One of the major events Rand’s customers request is a cocktail party. She offers a standard cocktail party and has developed the following cost structure on a per-person basis.

When bidding on cocktail parties, Rand adds a 15 percent markup to this cost structure as a profit margin. Rand is quite certain about her estimates of the prime costs but is not as comfortable with the overhead estimate. This estimate was based on the actual data for the past 12 months presented in the following table. These data indicate that overhead expenses vary with the direct-labor hours expended. The $13 estimate was determined by dividing total overhead expended for the 12 months ($782,000) by total labor hours (58,500) and rounding to the nearest dollar.

Rand recently attended a meeting of the local chamber of commerce and heard a business consultant discuss regression analysis and its business applications. After the meeting, Rand decided to do a regression analysis of the overhead data she had collected. The following results were obtained.

Required:

2. Using data from the regression analysis, develop the following cost estimates per person for a cocktail party. Assume that the level of activity remains within the relevant range. a. variable cost per person? b. absorption (full) cost per person?

3. Dana Rand has been asked to prepare a bid for a 240-person cocktail party to be given next month. Determine the minimum bid price that Rand should be willing to submit. Minimum Bid Price?

4. What other factors should Dana Rand consider in developing the bid price for the cocktail party?

The chart below shows the correct answers for 4. in order.

The individual financial statements for Peter Company and Smith Co. for the year ended December 31, 2017, are attached in the Excel spreadsheet. Peter acquired a 91 percent interest in Smith on January 1, 2016, in exchange for various considerations totaling $1,078,350. At the acquisition date, the fair value of the non-controlling interest was $106,650 and Smith’s book value was $677,000. Smith had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $335,000. This customer list is being amortized over 10 years.

Peter sold Smith a building with a $113,000 book value (cost of $275,000) for $135,000, with a remaining life of 10 years on January 2, 2016. In addition, on January 2, 2017, Peter reports $1,000,000 in bonds outstanding with a book value of $925,000, with a 4.0% coupon rate. Smith purchased 50 percent of these bonds on the open market at a price of $410,000 on that date. The Bonds come due December 31, 2019.

Smith transfers inventory to Peter on a regular basis. In 2016, Smith shipped inventory costing $171,000 to Peter at a price of $225,000. During 2017, Smith shipped goods totaling $267,000, which cost Smith $197,580. In year-ended 2016, 35% of the goods, and in year-ended 2017 40% of the goods, had not been resold to third parties by the end of the year. In addition, at the end of 2017, Peter owes Smith $32,000 due to these shipments.

1) Prepare the “schedule” that allocates the purchase price and determines the amount of Goodwill, if any.

2) Prepare all the consolidation worksheet adjustment entries for 2017, including any supporting schedules as necessary. as follows:

• S, A, I, D, E entries

• P, G, *G, TI entries

• *TA, ED entries

• Bonds entry

• *C entry  

• Supporting schedules should include:

i. the calculation of the non-controlling interest in the income of Smith

ii. the non-controlling interest in the assets of Smith

iii. schedule supporting the Bond calculations for entry B

iv. schedule supporting the gross profit in inventory elimination

v. and the support for the *C entry

3) Prepare a consolidation worksheet that includes the proper posting of the worksheet entries.

4) Additional information: • Income in 2016 reported by Smith was $262,000; • Dividends paid in 2016 by Smith was $42,000.

Note: Your final submission will be the Excel worksheet which will contain all the data / support necessary to reach a final consolidation worksheet. Many of the points are associated with the correct calculation (and display of the calculations) for the required journal entries.

Given the following, calculate WACC for company XYZ:

Debt: $1,000M

Equity: $1,000M

Cost on Debt: 7.0%

Cost on Equity: 10.0%

Tax Rate: 35.0%

Based on the following information about Company X, which is true?
A/P Turnover: 24
Total Asset Turnover: 9
Days Payable Outstanding: 12
Times Interest Earned: 15
Debt/Equity: .7

17

Which of the following is NOT a reason it is hard for the board of directors to effectively monitor all the activity of the CEO and top management?

The board of directors may be not be experts in the business of the corporation.

Members of the board of directors can be large shareholders.

The board of directors are part time.

Board of directors depends upon management for most of their information about the company and its competitive situation.

22

Some people have suggested that managers should have a professional code of ethics like the one for physicians. Your textbook even included an example of a managerial code of ethics (the MBA oath). Which of the following is NOT a reason it is harder to set up a managerial code of ethics than the one for physicians?

Managers serve stakeholders with a more diverse set of ethical standards.

Managers serve many more stakeholders than physicians.

Being a physician is a less complex job than being a manager.

The acceptable rules of business can change across countries.

23

A local Phoenix fashion designer has been successful selling expensive jewelry inspired by the styles of Arizona After a long vacation in Japan the designer noticed no one was selling similar jewelry in Japan. The designer has already signed a lease on a small store in Tokyo and arranged for friend to move to Japan and run the store. It will open in six months. The designer approaches you to ask for your help in this effort What is the first question you should ask?

Who will be your competitors in Japan?

What kinds of jewelry do the Japanese like?

Have you made a business plan?

None of these

Have you considered using a joint venture with local Japanese firm?

Describe STRENGTHS, WEAKNESSES, OPPORTUNITIES, THREATS, as an Software Engineering Manager for the newly established E-commerce company. What would be the SWOT of new Software Engineering Manager in an new establsihed E-commerce? Please provide information as much as possible. Provide specific SWOT specifically for SEM. For example, for strength we can relate that This manager has a right knowledge in this sphere, as he studied in IT university and so on.

2-

The PACE project at the University of Wisconsin in Madison deals with problems associated with high-risk drinking on college campuses. Based on random samples, the study states that the percentage of UW students who reported bingeing at least three times within the past two weeks was 42.2% in 1999 (n = 334) and 21.2% in 2009 (n = 843). Test that the proportion of students reporting bingeing in 1999 is different from the proportion of students reporting bingeing in 2009 at the 10% significance level.

-A two-sided test with zcrit = -1.645 and 1.645.

-n 1 = n 1999 = 334

-n 2 = n 2009 = 843

-p ^ 1 = p ^ b i n g e 1999 = 0.422

-p ^ 2 = p ^ b i n g e 2009 = 0.212

A) Calculate the appropriate test statistic showing your work. What is the standard error?

B) What is the test statistic value?

C) Calculate the corresponding p-value from the appropriate table.

D) Construct a 90% confidence interval around the difference-in-proportions estimate. Lower bound and upper bound values?

The PACE project at the University of Wisconsin in Madison deals with problems associated with high-risk drinking on college campuses. Based on random samples, the study states that the percentage of UW students who reported bingeing at least three times within the past two weeks was 42.2% in 1999 (n = 334) and 21.2% in 2009 (n = 843). Test that the proportion of students reporting bingeing in 1999 is different from the proportion of students reporting bingeing in 2009 at the 10% significance level.

-A two-sided test with zcrit = -1.645 and 1.645.

-n 1 = n 1999 = 334

-n 2 = n 2009 = 843

-p ^ 1 = p ^ b i n g e 1999 = 0.422

-p ^ 2 = p ^ b i n g e 2009 = 0.212

A) Calculate the appropriate test statistic showing your work. What is the standard error?

B) What is the test statistic value?

C) Calculate the corresponding p-value from the appropriate table.

D) Construct a 90% confidence interval around the difference-in-proportions estimate. Lower bound and upper bound values?

How can I resolve this case study by using R studio from chapter 10 , book business statistics written by Jaggia/Kelly third edition.can you please resolve for me

CASE STUDY 10.3

Paige Thomsen is about to graduate from college at a local university in San Francisco. Her options are to look for a job in San Francisco or go home to Denver and search for work there. Recent data report that average starting salaries for college graduates is $48,900 in San Francisco and $40,900 in Denver (Forbes, June 26, 2008). Suppose these data were based on 100 recent graduates in each city where the population standard deviation is $16,000 in San Francisco and $14,500 in Denver. For social reasons, Paige is also interested in the percent of the population who are in their twenties. The same report states that 20% of the population are in their twenties in San Francisco; the corresponding percentage in Denver is 22%.

In a report, use the sample information to

1. Determine whether the average starting salary in San Francisco is greater than Denver’s average starting salary at the 5% significance level.
2. Determine whether the proportion of the population in their twenties differs in these two cities at the 5% significance level.