does accleration increase down an inclined plane
In: Physics
Monster Inc., the maker of personal computer games has been
contacted by Hot Stuff Inc., which has developed a new technology
for personal computer gamers which provides a new challenge for
gamers. The new technology consists of a seat pad for the gamer’s
chair which is connected to a control unit which is connected to
the personal computer. When the gamer makes an error while playing
Daytona 500 he/she receives a “mild” electric shock through the
seat pad. The new technology, which has received extremely positive
reviews from a panel of gamers, consists of the Daytona 500 game
CD, the seat pad, the control unit and cables. In tests, by Monster
Inc., the new technology has performed flawlessly, is considered
safe and Monster Inc. is considering licensing Hot Stuff’s new
gamer technology. The following cost information pertains to the
new technology:
Hot Stuff Daytona 500 Software License ....................
$200,000
New Equipment To Produce Seat Pads........................
$50,000
Advertising and promotion
.......................................... $150,000
Material & Royalties “Daytona 500” Game (per 100 CDs) .
$500
Material & Labor For Seat Pad (per 10 pads)
.................... $150
Control Unit And Cables (per unit)
.........................................$5
Market research estimates that the market for the new Daytona 500
game and “Hot Stuff” is 1,000,000 units at a retail price of $75,
which includes the game CD, seat pad, control unit and cables.
Monster Inc. traditionally sells through major retailers like
CompUSA. The retailer’s traditional margin is 20%.
** PLEASE WRITE FORMULAS USED
a. How much revenue does Monster Inc. receive for each unit
sold?
b. What is Monster Inc.’s contribution margin per unit?
c. What is the break-even volume in
units?_____________________________
d. How many units did Monster sell if Total Sales Revenue =
$1,000,000?
e. What is the profit if Monster’s Total Sales Revenue =
$1,000,000?
In: Finance
1 A renewable energy electricity supply technology has the following characteristics:
|
Capital cost ($) |
Annual operating cost ($) |
Lifetime (years) |
Salvage value ($) |
Annual electricity supplied (MWh) |
|
380 000 |
29 500 |
25 |
42 000 |
380 |
Note: to simplify the calculation of present worth, for assessment periods less than the lifetime, neglect the residual value of the technology, and assume salvage values are only incurred at the end of the lifetime of the technology.
I would appreciate if you can solve any part of this question.
In: Finance
CK investments (Pty) is a local hand sanitizing production
company. The company was
incorporated in 2010.
The company was started by Charles Mujende who is the 100%
shareholder. CK is run by the
owner’s brother in law, Lazareth Shilongo CA(NAM), the CEO of the
company. Charles started
the company using his pension fund of N$ 200 000.00.
The start-up funds were used to build the production centre in
Tsumeb where the sanitisers are
produced. The ingredients used to make the sanitiser include water
from a nearby lake, alcohol
and fragrance. CK investments is known to make sanitizers that
leave your skin clean, smelling
good and moisturized, they have patented their recipe and
production processes. The sanitiser
is packaged in plastic bottles. It is company policy that all
spoilage from production be dumped
in the lake to minimise waste management costs.
You are a charted accountant and you went to university with
Lazareth, the two of you have
remained good friends since your time at university. Lazareth has
asked you to assist the
company with accounting, finance and internal audit functions of
the company as they do not
currently have a CFO or CAE. You accepted the job because he has
promised you a handsome
service fee that you will be paid in cash at the end of every
month, off the books.
The company employs 500 men to produce, package and sell the
sanitisers. All the salesmen
are paid on a commission basis only. The company has a list of
commercial suppliers whom
they have a three-year sales agreement with. The CEO is output
driven and is known to fire
salespersons who do not sell more than N$10 000.00 worth of
sanitiser per month. The CEO
and all executives receive annual bonuses based on the profit
before tax of the company.
In 2020, the demand for hand sanitisers increased exponentially due
to the Corona virus. The
government has put out a tender to local companies to produce hand
sanitizers. The tendering
process is highly competitive.
Fortunately, the audit committee chair, who is also the sales
executive at CK, Sidney Haufiku is
good friends with the government official who is overseeing the
tender process. Sidney has
invited the government official and his family to a nearby lodge
for the weekend. All expenses
for this trip were covered by CK investments and expensed in terms
S11a of the income tax act.
On the Saturday afternoon Sidney had a drink with the government
official to discuss the
tender. Sidney proposed that he could service the tender at a cost
of N$3m, half the market
value of sanitizers to save the government money if he could be
guaranteed that the tender
would be awarded to CK Investments. The government official agreed
that given countries
financial position, they would agree to the N$3m.
On 30 March the board had their first and last board meeting for
the year. The audit committee
has not had a meeting and no other committees have been established
as yet. At that meeting
Sidney briefed the board on his deal with the government official.
Wilhelm Gariseb, is the
production executive and a member of the board, his department has
been experiencing a
shortage of pharmaceutical alcohol in 2020. He proposed that to be
able to produce at such low
costs, they could use less alcohol and more water to make the
sanitizers. The board consisting of Lazareth Shilongo (chair of the
board), Sidney Haufiku (audit comm chair) and Wilhelm Gariseb
(member of the board), resolved to apply for the tender at a low
cost using less alcohol At the same meeting, the board learned that
they were required to hire an external auditor.
Lazareth suggested that you be appointed as the auditor as you are
already familiar with the
business. The board members agreed, and you were appointed as the
auditor.
On 29 May 2020, a newspaper article published that a local company
CK Investments had been
selling the government ineffective sanitizer that was not strong
enough to cleanse or sanitize
skin. The government has distributed this sanitizer to schools and
hospitals. As a result, the
virus was able to easily spread as people would go about day to day
activities under the
assumption that they had effectively sanitized their hands.
After a legal inquiry the company was found guilty of several legal
violations. As a result, the
company was liquidated, and all 500 employees were left
unemployed.
Question 5 (2)
The executive and government official agreed that the company would
benefit from the
contract as they would have more income and the government would
save costs from the 3m
dollar deal. Which method of ethical evaluation did they use and
why?
Question 6 (2)
What kind of economic system is CK investments operating in? Please
provide a reason for your
conclusion.
question 7
Assume that CK is the only seller of sanitizer in the country.
What kind of competitive
environment do they operate in? Please draw the demand curves for
this type of competition.
Question 8 (5)
Would you agree or disagree that CK investments is operating
sustainably? Please provide
reasons for your answer.
Question 9 (10)
Identify any ethical concerns you may in terms of the CPC, based on
the company description
above.
Question 10 (12)
Please raise any corporate governance concerns you noted in the
description above based on
your knowledge of King 3/4. Please state the principle first and
then apply it to the scenario
above.
In: Accounting
Table 3 is a hypothetical industrial column for cotton dresses produced in Namibia during 2010.
Use the data to answer the questions below.
Table 3
| Activity | market value | value added |
| (a)Cotton farmers produce cotton | 100 000 | |
| (b) Weavers produce cotton cloth | 150 000 | |
| (c) Dressmakers produce unlabelled dresses | 300 000 | |
| (d) Shops sell labelled dresses to consumers | 400 000 | |
| Totals: |
(a) Copy Table 3 and fill in the gaps.
(b) What is the cotton dress industry’s contribution to Namibia’s GDP? Provide a reason for your answer.
(c) List the intermediate products in this industrial column.
In: Economics
The Affordable Care Act (“Obamacare”) became law in 2010. Before then, not everyone capable of paying for comprehensive health insurance chose to do so. With some exceptions, after the law took effect, almost everyone who could pay for comprehensive health insurance did so. There were more people with health insurance after the law than before the law. Assume that the value to US society of one more person having health insurance is greater than the value the individual herself or himself believes she or he receives. This is because as more people have health insurance, individuals with potentially contagious conditions obtain medical help that stops the spread of those diseases to others. With these facts, show by supply and demand curves how the Affordable Care Act (“Obamacare”) might have increased social welfare.
In: Economics
The 2010 insurance premiums from both Geico and 21st Century for
a male driver licensed for 6–8 years who drives a Honda Accord
12,600 to 15,000 miles per year and has no violations are given in
the table below. The table also indicates the city of residence.
City Geico ($) 21st Century ($) Difference ($) Long Beach 2780 2352
Pomona 2411 2462 San Bernardino 2261 2284 Moreno Valley 2263
2520
(a) Fill in the entires in the difference column in the above table.
(b) Compute the mean of the differences. (c) Verify that the sample
standard deviation of the differences is s ≈288.68. (d) Compute the
standard error of the differences, using n =4. (e) Using a
significance level of α =0.01, do these data provide sufficient
evidence to indicate that there is a difference in the premiums
between Geico and 21st Century?
In: Statistics and Probability
President Obama in 2010 passed law as a part of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act. This act allowed business (one of many things the law allowed) to claim depreciation expense at a much fast rate than had been previously allowed. Businesses could claim up to 50% of the new asset put into use during the year it was purchased. How did this act help in capital budgeting of new projects?
In: Economics
Although there was a financial crisis in 2007-2010, some firms were able to weather the crisis. These firms had all of the following characteristics which were directly responsible for their ability to survive the crisis EXCEPT:
| a. |
Low business risk |
|
| b. |
A business model which encouraged risk taking by management that paid off |
|
| c. |
Tight control over fixed and variable costs |
|
| d. |
Low product pricing |
In: Finance
MSG at the beginnig on 2010, enters into a 20 year
non-cancellable lease for equipment having an estimated useful life
of 20 years. MSG's incremental borrowing rate is 4%, the implicit
rate of the lessor is unknown. MSG uses the straight-line method to
depreciate its assets. Following provisions are at the below for
company :
1. Rental payments of $220,000 payable at the beginning of each
year.
2. A guarantee by MSG that FD COMPANY will realize $200,000 from
selling the asset at the expiration of the lease. However, the
actual residual value is expected to be $70,000.
a)What is the present value of the lease payments for measurement
of the lease liability? (PV factor for annuity due of 20 annual
payments at 4% annual rate, 14.13394; PV factor for payment at the
20 the period at 4%, 0.45639.)
b) What journal entries would MSG record during the first two years
of the lease? (Include an amortization schedule including latest
1/1/2012)
In: Accounting