The European Union is home to more than 500 million (mostly well-heeled) consumers, making it one of the largest and most attractive markets worldwide. As firms contemplate selling goods in the EU, they conduct market research using secondary data. An excellent source of secondary data and site for learn- ing about the EU is http://europa.eu, the official website of the EU. Visit the various links at this site and develop a profile of consumers in the EU.

Resultes of operations for Alpha company for the month ending 10/31/2015 are presented below:

                                             Actual                   Budget

Sales                                  250,000                300,000

Cost Goods sold                 185,000                180,000

Selling Expenses                20,000                  22,000

Administrative Expenses    10,000                  11,000

Pre Tax Profit                         ?                           ?

A. Compute pre tax profit for actual and budget

B. Compute variances from budget

C. What items should get the most attention?

Variable Costing Income Statement

On November 30, the end of the first month of operations, Weatherford Company prepared the following income statement, based on the absorption costing concept:

Assume the fixed manufacturing costs were $9,135 and the fixed selling and administrative expenses were $4,180.

Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.

1. On November 30, the end of the first month of operations, Weatherford Company prepared the following income statement, based on the The reporting of the costs of manufactured products, normally direct materials, direct labor, and factory overhead, as product costs.absorption costing concept:

   Weatherford Company Absorption Costing Income Statement For the Month Ended November 30
   Sales (5,900 units)			$123,900
   Cost of goods sold:
   Cost of goods manufactured (7,000 units)	$105,000
   Inventory, November 30 (1,000 units)	(15,000)
   Total cost of goods sold			90,000
   Gross profit			$33,900
   Selling and administrative expenses			19,330
   Income from operations			$14,570

   Assume the fixed manufacturing costs were $21,000 and the fixed selling and administrative expenses were $9,470.

   Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars.

   Sales		$
   Variable cost of goods sold:
   Variable cost of goods manufactured	$
   Inventory, November 30
   Total variable cost of goods sold
   Manufacturing margin		$
   Variable selling and administrative expenses
   Contribution margin		$
   Fixed costs:
   Fixed manufacturing costs	$
   Fixed selling and administrative expenses
   Total fixed costs
   Income from operations

number 1.

Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 4 linear feet of bamboo, which costs $2.00 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages $13 per hour. Iguana has the following inventory policies:

• Ending finished goods inventory should be 40 percent of next month’s sales.
• Ending raw materials inventory should be 30 percent of next month’s production.

Expected unit sales (frames) for the upcoming months follow:   

Variable manufacturing overhead is incurred at a rate of $0.50 per unit produced. Annual fixed manufacturing overhead is estimated to be $4,800 ($400 per month) for expected production of 4,800 units for the year. Selling and administrative expenses are estimated at $500 per month plus $0.50 per unit sold.

     Iguana, Inc., had $10,500 cash on hand on April 1. Of its sales, 80 percent is in cash. Of the credit sales, 50 percent is collected during the month of the sale, and 50 percent is collected during the month following the sale.

     Of raw materials purchases, 80 percent is paid for during the month purchased and 20 percent is paid in the following month. Raw materials purchases for March 1 totaled $2,200. All other operating costs are paid during the month incurred. Monthly fixed manufacturing overhead includes $220 in depreciation. During April, Iguana plans to pay $3,700 for a piece of equipment.

Required:
Compute the following for Iguana, Inc., for the second quarter (April, May, and June).     

number 2.

Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 4 linear feet of bamboo, which costs $2.00 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages $13 per hour. Iguana has the following inventory policies:

• Ending finished goods inventory should be 40 percent of next month’s sales.
• Ending raw materials inventory should be 30 percent of next month’s production.

Expected unit sales (frames) for the upcoming months follow:   

Variable manufacturing overhead is incurred at a rate of $0.50 per unit produced. Annual fixed manufacturing overhead is estimated to be $4,800 ($400 per month) for expected production of 4,800 units for the year. Selling and administrative expenses are estimated at $500 per month plus $0.50 per unit sold.

     Iguana, Inc., had $10,500 cash on hand on April 1. Of its sales, 80 percent is in cash. Of the credit sales, 50 percent is collected during the month of the sale, and 50 percent is collected during the month following the sale.

     Of raw materials purchases, 80 percent is paid for during the month purchased and 20 percent is paid in the following month. Raw materials purchases for March 1 totaled $2,200. All other operating costs are paid during the month incurred. Monthly fixed manufacturing overhead includes $220 in depreciation. During April, Iguana plans to pay $3,700 for a piece of equipment.

Required:
1. Compute the budgeted cash receipts for Iguana. (Do not round your intermediate calculations. Round final answers to 2 decimal places.)

2. Compute the budgeted cash payments for Iguana. (Do not round your intermediate calculations. Round final answers to 2 decimal places.)

   

3. Prepare the cash budget for Iguana. Assume the company can borrow in increments of $1,000 to maintain a $10,000 minimum cash balance. (Leave no cell blank enter "0" wherever required. Round your answers to 2 decimal places.)

The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017:

To prepare a master budget for April, May, and June of 2017, management gathers the following information:

Sales for March total 22,800 units. Forecasted sales in units are as follows: April, 22,800; May, 16,000; June, 23,000; and July, 22,800. Sales of 255,000 units are forecasted for the entire year. The product’s selling price is $24.00 per unit and its total product cost is $19.30 per unit.

Company policy calls for a given month’s ending raw materials inventory to equal 50% of the next month’s materials requirements. The March 31 raw materials inventory is 4,510 units, which complies with the policy. The expected June 30 ending raw materials inventory is 5,500 units. Raw materials cost $20 per unit. Each finished unit requires 0.50 units of raw materials.

Company policy calls for a given month’s ending finished goods inventory to equal 70% of the next month’s expected unit sales. The March 31 finished goods inventory is 15,960 units, which complies with the policy.

Each finished unit requires 0.50 hours of direct labor at a rate of $11 per hour.

Overhead is allocated based on direct labor hours. The predetermined variable overhead rate is $4.20 per direct labor hour. Depreciation of $35,020 per month is treated as fixed factory overhead.

Sales representatives’ commissions are 10% of sales and are paid in the month of the sales. The sales manager’s monthly salary is $4,500.

Monthly general and administrative expenses include $27,000 administrative salaries and 0.6% monthly interest on the long-term note payable.

The company expects 20% of sales to be for cash and the remaining 80% on credit. Receivables are collected in full in the month following the sale (none are collected in the month of the sale).

All raw materials purchases are on credit, and no payables arise from any other transactions. One month’s raw materials purchases are fully paid in the next month.

The minimum ending cash balance for all months is $55,000. If necessary, the company borrows enough cash using a short-term note to reach the minimum. Short-term notes require an interest payment of 1% at each month-end (before any repayment). If the ending cash balance exceeds the minimum, the excess will be applied to repaying the short-term notes payable balance.

Dividends of $25,000 are to be declared and paid in May.

No cash payments for income taxes are to be made during the second calendar quarter. Income tax will be assessed at 40% in the quarter and paid in the third calendar quarter.

Equipment purchases of $145,000 are budgeted for the last day of June.

Required:
Prepare the following budgets and other financial information as required. All budgets and other financial information should be prepared for the second calendar quarter, except as otherwise noted below. (Round calculations up to the nearest whole dollar, except for the amount of cash sales, which should be rounded down to the nearest whole dollar.):

1. Sales budget.
2. Production budget.
3. Raw materials budget.
4. Direct labor budget.
5. Factory overhead budget.
6. Selling expense budget.
7. General and administrative expense budget.
8. Cash budget.
9. Budgeted income statement for the entire second quarter (not for each month separately).
10. Budgeted balance sheet.

Note ": I need #9 and #10

Research Scenario 3

A training designer is interested in identifying which training technique is most effective in delivering a course on communication skills. This researcher invites 90 employees to participate in a training course, and then randomly assigns them to one of three groups—classroom lecture (n=30), programmed instruction (n=30), and blended learning (n=30). Participants in each group are trained on exactly the same information pertaining to communication skills using one of the three different delivery techniques outlined above. After the training session, employees are asked to perform in a role play activity to demonstrate their newly learned communication skills. An independent researcher (blind to training group) provides a rating of communication skills (i.e., poor "1" to excellent "5") for each participant. The mean communication skills ratings for each group are classroom lecture (M=3.0), programmed instruction (M=2.9), blended learning (M=3.8).  

• Provide the appropriate null and alternative hypotheses.
• Determine which type of analysis would be appropriate to answer this research question. Be specific. Please support your answer using course materials.
• Identify the variables included in this study. Label variables as dependent and independent, if applicable.
• What are the levels of measurement for each variable?
• What are the degrees of freedom associated with the test statistic?

A 17 year-old man walked into a local clinic in Puerto Viejo, Costa Rica, complaining of fever (102.7°), headaches, decreased energy and appetite, and a rash that was most pronounced after bathing. The patient’s right eye was swollen shut, and he reported it was both painful and itchy. No eye discharge was detected. Bloodwork results found the patient to have a white blood cell count of 6.1 x 10³ cells/µL, and a platelet count of 3.8 x 10⁹/L. Blood, cerebral spinal fluid, intestinal, and stool samples were collected and sent to the hospital laboratory for analysis. Urinalysis failed to demonstrate any abnormalities and creatinine levels were found to be 0.6 mg/dL.

The organisms to consider for your case study are:

• Cryptosporidium parvum
• Entamoeba histolytica
• Plasmodium spp.
• Toxoplasma gondi
• Trichmonas vaginalis
• Trypanosoma gambiense

1. What is the organism you identified?
2. What evidence led you to this conclusion?
3. What would you expect to see under the microscope in samples collected from: blood, cerebral spinal fluid, intestines, and stool?
4. What additional samples would you request (if any) and why? What is the suggested treatment regime?

(I suspect its Chagas disease but I am struggling with the third and fourth question.)

Segment profitability Calculation

(Please show both the calculation process and the final answer)

Q1 What is the margin ($ dollar value) of each segment (experientials, indulgents and frugals) per customer per year for Red Lobster according to the table below?

(hint: food margin($)for each customer+ alcohol margin($)for each customer)

Q2 Which segment is the most profitable and should be target at according to results in Q1?

Q3 Calculate each segment’s total margin change ($) if Red Lobster gain 2000 new unique Experiential customers, but lose 1000 Indulgent and 1000 Frugals.

Q4 Calculate the restaurant level total margin($)change if Red Lobster gain 2000 new unique Experiential customers, but lose 1000 Indulgent and 1000 Frugals.