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).
In: Statistics and Probability
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:
(I suspect its Chagas disease but I am struggling with the third and fourth question.)
In: Nursing
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.
|
Experientials |
Indulgents |
Frugals |
|
|
% of unique customers |
23% |
24% |
28% |
|
Meals/year/customer |
6.3 |
5.6 |
3.8 |
|
Total spend/meal/customer ($) |
24.88 |
18.78 |
14.86 |
|
% spend on food |
88% |
96% |
99% |
|
% spend on alcohol |
12% |
4% |
1% |
|
% Margin on food |
67% |
67% |
67% |
|
% Margin on alcohol |
81% |
81% |
81% |
|
Margin for each segment per customer per year($) |
??? |
??? |
??? |
|
Change in the number of customers |
2000 |
-1000 |
-1000 |
|
Margin Change in each Segment($ ) |
??? |
??? |
??? |
|
Total Restaurant Level Margin Change($) |
??? |
In: Statistics and Probability
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:
Expected unit sales (frames) for the upcoming months
follow:
| March | 310 |
| April | 320 |
| May | 370 |
| June | 470 |
| July | 445 |
| August | 495 |
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).
| April | June | May | 2nd quarter total | ||
|---|---|---|---|---|---|
| 1 | Budgeted Sales Revenue | ||||
| 2 | Budgeted Production in units | ||||
| 3 | Budgeted cost of raw material purchases | ||||
| 4 | Budgeted direct labor cost | ||||
| 5 | Budgeted manufacturing overhead | ||||
| 6 | Budgeted Cost of goods sold | ||||
| 7 | Total budgeted selling and Adm Expenses |
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:
Expected unit sales (frames) for the upcoming months
follow:
| March | 310 |
| April | 320 |
| May | 370 |
| June | 470 |
| July | 445 |
| August | 495 |
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.)
| April | May | June | 2nd Quarter total | |
| budgeted cash receipts |
2. Compute the budgeted cash payments for Iguana.
(Do not round your intermediate calculations. Round final
answers to 2 decimal places.)
| April | June | May | 2nd quarter total | |
| budgeted cash payments |
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.)
| April | June | May | 2nd Quarter total | |
| Beginning cash balance | ||||
| Plus budgeted cash receipts | ||||
| Less: budgeted cash payments | ||||
| Preliminary cash balance | ||||
| cash borrowed / repaid | ||||
| ending cash balance |
In: Accounting
The management of Zigby Manufacturing prepared the following
estimated balance sheet for March 2017:
|
ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 |
|||||||
| Assets | |||||||
| Cash | $ | 65,000 | |||||
| Accounts receivable | 437,760 | ||||||
| Raw materials inventory | 90,200 | ||||||
| Finished goods inventory | 308,028 | ||||||
| Total current assets | 900,988 | ||||||
| Equipment, gross | 630,000 | ||||||
| Accumulated depreciation | (165,000 | ) | |||||
| Equipment, net | 465,000 | ||||||
| Total assets | $ | 1,365,988 | |||||
| Liabilities and Equity | |||||||
| Accounts payable | $ | 204,500 | |||||
| Short-term notes payable | 27,000 | ||||||
| Total current liabilities | 231,500 | ||||||
| Long-term note payable | 515,000 | ||||||
| Total liabilities | 746,500 | ||||||
| Common stock | 350,000 | ||||||
| Retained earnings | 269,488 | ||||||
| Total stockholders’ equity | 619,488 | ||||||
| Total liabilities and equity | $ | 1,365,988 | |||||
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
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
In: Accounting
What did you learn about China from its earliest cultures along the Yellow River to the first Qin Emperor Qin Shi Huangdi? What were China's most interesting foundational stories, and accomplishments that you recall?
In: Nursing
Being a first line manager of telecom Company, you are required to make a proposal for purchasing six new 1300cc cars for office use. Elaborate, with working, the steps you will follow to take rational decision for purchasing the most suitable cars.
In: Operations Management
Askew Company uses a periodic inventory system. The June 30,
2018, year-end trial balance for the company contained the
following information:
| Account | Debit | Credit | ||
| Merchandise inventory, 7/1/17 | 32,400 | |||
| Sales | 384,000 | |||
| Sales returns | 12,400 | |||
| Purchases | 244,000 | |||
| Purchase discounts | 6,400 | |||
| Purchase returns | 10,400 | |||
| Freight-in | 17,800 | |||
In addition, you determine that the June 30, 2018, inventory
balance is $40,400.
Required:
1. Calculate the cost of goods sold for the Askew
Company for the year ending June 30, 2018.
2. Prepare the year-end adjusting entry to record
cost of goods sold.
Prepare the year-end adjusting entry to record cost of goods sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
In: Accounting
The Craft company had the following transactions and events during its first year of operations. Estimated overhead for the year was $770,000; estimated direct labor cost for the year was $350,000.
Required: Prepare the journal entries to record the following transactions for the year.
a. Purchased materials on account: $567,000
b. Requisitioned materials for production as follows: direct materials - 85% of purchase indirect materials - 12% of purchases
c. Direct labor for production is $331,000, indirect labor is $125,000
d. Overhead incurred (NOT including materials or labor): $529,000
e. Overhead is applied to production based on direct labor costs
f. Goods costing $976,000 were completed during the period
g. Goods costing $513,200 were sold on account for $776,000
h. The balance in the manufacturing overhead accounnt was closed out to cost of goods sold.
In: Accounting
On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, based on the variable costing concept:
| Maryville Equipment Company Variable Costing Income Statement For the Month Ended October 31 |
||||
| Sales (14,100 units) | $648,600 | |||
| Variable cost of goods sold: | ||||
| Variable cost of goods manufactured | $286,200 | |||
| Inventory, October 31 (1,800 units) | (32,400) | |||
| Total variable cost of goods sold | (253,800) | |||
| Manufacturing margin | $394,800 | |||
| Variable selling and administrative expenses | (169,200) | |||
| Contribution margin | $225,600 | |||
| Fixed costs: | ||||
| Fixed manufacturing costs | $63,600 | |||
| Fixed selling and administrative expenses | 42,300 | |||
| Total fixed costs | (105,900) | |||
| Operating income | $119,700 | |||
Prepare an income statement under absorption costing. Round all final answers to whole dollars.
In: Accounting