In: Statistics and Probability
You are the assistant to the Managing Director (MD) of an
open-air gardening
business that does a brisk week-day trade in indoor and outdoor
plants, tools,
chemicals and simple prefab buildings. The business has greenhouses
and offices,
but there is no cafeteria or garden shop. The nusiness does not
deliver to
customers, and closes at noon on Saturdays, although the practice
of three
neighbouring centres is to remain open until 17:00. All customers
are required
to pay cash.
The MD has asked you to survey how the business is run, paying
particular
attention to shortcomings. She would be glad to receive helpful
suggestions.
Write a report based on the information above, and any other that
seems
appropriate. Include only the following parts:
Introduction
Findings Conclusion Recommendations
In: Operations Management
Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November:
| Bickel Corporation | ||||||||
| Comparison of Actual Results to Planning Budget | ||||||||
| For the Month Ended November 30 | ||||||||
| Actual Results | Planning Budget | Variances | ||||||
| Customers served | 36,000 | 35,000 | ||||||
| Revenue ($3.40q) | $ | 122,300 | $ | 119,000 | $ | 3,300 | F | |
| Expenses: | ||||||||
| Wages and salaries ($23,500 + $1.25q) | 68,500 | 67,250 | 1,250 | U | ||||
| Supplies ($0.65q) | 20,450 | 22,750 | 2,300 | F | ||||
| Insurance ($5,400) | 5,400 | 5,400 | 0 | None | ||||
| Miscellaneous expense ($4,400 + $0.34q) | 14,000 | 16,300 | 2,300 | F | ||||
| Total expense | 108,350 | 111,700 | 3,350 | F | ||||
| Net operating income | $ | 13,950 | $ | 7,300 | $ | 7,150 | F | |
Required:
Prepare the company's flexible budget performance report for November. Label each variance as favorable (F) or unfavorable (U). (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.)
In: Accounting
For each of the following independent events, indicate the amounts and direction of effects on the elements of the statement of financial position and statement of earnings. Using the following format, indicate + for increase, and - for decrease, and NE for no effect. Also, included the specific account name affected.
| Transactions: | ||||||
| Eg: Rent in the amount of $1,500 is owing to the landlord at year end. | ||||||
| 1) Received $400 smart phone bill to be paid next month. | ||||||
| 2) Paid $1,800 for insurance coverage that begins next month. | ||||||
| 3) Assets currently include prepaid rent expense of $2,800 of which $1,600 has expired by year end. | ||||||
| 4) Owe employees $6,000 at the end of the year. | ||||||
| 5) Supplies used during the year is $4,000. This amount is currently recorded in the office supplies inventory account. | ||||||
| 6) Customers redeemed $350 of gift cards which were recorded as deferred revenue when issued. | ||||||
| 7) Sold goods to customers for $5,200 on account. Cost of goods sold was $3,000. | ||||||
| 8) Purchase $7,000 of inventory on credit. | ||||||
| 9) Purchased $40,000 of equipment, for $15,000 cash and the remainder on a note payable. | ||||||
In: Accounting
At the end of the year, a company offered to buy 4,450 units of
a product from X Company for a special price of $11.00 each instead
of the company's regular price of $17.00 each. The following
information relates to the 62,400 units of the product that X
Company made and sold to its regular customers during the
year:
| Per-Unit | Total | ||
| Cost of goods sold | $7.80 | $486,720 | |
| Period costs | 2.74 | 170,976 | |
| Total | $10.54 | $657,696 | |
Fixed cost of goods sold for the year were $142,272, and fixed
period costs were $83,616. Variable period costs include selling
commissions equal to 3% of revenue.
6. Profit on the special order is
7. Assume the following two changes for the special order: 1)
variable cost of goods sold will decrease by $0.78 per unit, and 2)
there will be no selling commissions. What would be the effect of
these two changes on the special order profit?
8. There is concern that regular customers will find out about the
special order, and X Company's regular sales will fall by 950
units. As a result of these lost sales, X Company's profits would
fall by
In: Accounting
Sunny Park Tailors has been asked to make three different types of wedding suits for separate customers. The table below highlights the time taken in hours for cutting and sewing? (process 1) and delivery? (process 2) of each of the suits.
??
Times Taken for Different Activities (hours)
Suit Cut and Sew Deliver
1 7 2
2 4 3
3 5 6
???????????????
For the schedule developed using the? Johnson's rule, the total length of time taken to complete the three suits? (including delivery)? =
Of the two developed? schedules, which rule gets the schedule finished sooner.??????????????????????????
In: Operations Management
a) A researcher is interested in exploring patterns of communication among local junior football coaches. She decides to use a qualitative approach as she believes that this will provide her with a deeper understanding of the contextual factors that influence coach communications however she is uncertain about what method of data collection to use. Choose one method of data collection that you would recommend the researcher use; briefly describe how this method of data collection could be used by the researcher; and indicate one advantage and one disadvantage / consideration associated with this method of data collection.
b) Braun and Clarke (2006) summarise thematic analysis according to six phases. The first of these phases (i.e., Phase 1) is titled ‘familiarizing yourself with your data’. Reflecting on this phase: 1) summarise the key activities a researcher would perform during this phase; and 2) identify any challenge(s) associated with performing these activities.
c) It is important for qualitative researchers to provide evidence of the trustworthiness of their study. Briefly describe three techniques that could be used by a researcher to increase the trustworthiness of their data and conclusions.
In: Statistics and Probability
Using Ruby
A dentist appointment schedule validation software
Implement a superclass Appointment and sub classes OneTime, Day and Month. An appointment has a description (for example, "Root Canal"), and dates information (you can use Date object or int Year, Int Month, Int Day). Fill an array of Appointment objects with a mixture of appointments.
Write a method OccursOn inside each of the sub classes that checks whether the appointment occurs on that date (OneTime), day (Day) or month (Month). Ask the user to enter a date to check (for example, 2006 10 5), and ask to user if they want to check against OneTime, Day or Month appointment. Based on what the user selected, OccursOn inside each of the sub class should run and display any matching appointment and associated descriptions.
Hint: For OneTime subclass, OccursOn need three inputs (Year, Month and Day) to validate, for Day subclass, OccursOn needs one input (Day) to validate, and for Month subclass, OccursOn need one input (Month) to validate. OccursOn is different for different subclasses.
In: Computer Science
In Ruby
A dentist appointment schedule validation software
Implement a superclass Appointment and sub classes OneTime, Day and Month. An appointment has a description (for example, "Root Canal"), and dates information (you can use Date object or int Year, Int Month, Int Day). Fill an array of Appointment objects with a mixture of appointments.
Write a method OccursOn inside each of the sub classes that checks whether the appointment occurs on that date (OneTime), day (Day) or month (Month). Ask the user to enter a date to check (for example, 2006 10 5), and ask to user if they want to check against OneTime, Day or Month appointment. Based on what the user selected, OccursOn inside each of the sub class should run and display any matching appointment and associated descriptions.
Hint: For OneTime subclass, OccursOn need three inputs (Year, Month and Day) to validate, for Day subclass, OccursOn needs one input (Day) to validate, and for Month subclass, OccursOn need one input (Month) to validate. OccursOn is different for different subclasses.
In: Computer Science
Question 2
Assume that you have a three-year-old daughter and you have come to appreciate the power of saving and investing. Can you open up and put money into a Roth IRA in your child's name so that she can benefit from many years of compounding?
| Yes |
| No |
Question 3
Imagine that you are thirty years old and hold a good job. Can you contribute up to the annual limit ($5500 in 2017) into both a traditional and Roth IRA?
| Yes |
| No |
Question 4
The age at which you can begin withdrawing IRA funds without a penalty must correspond to the age at which you start collecting Social Security.
| True |
| False |
Question 5
People who are 50 years old or older can add an additional $1,000 to their annual IRA contribution limit.
| True |
| False |
In: Economics