If you have utilized an activity-based costing system in your former or current employment, describe how this system had been used. In your response, be sure to include your experience and position on the effectiveness of the activity-based costing system. Support your ideas by drawing on your readings and scholarly articles.
If you have not encountered this type of system in your work experience, assume a company needs to switch to an ABC system. Describe the common cost drivers that could be used.
How would the organization identify the cost drivers?
How would the organization use them in the implementation of this system? You may use your former or current company for the analysis.
In: Accounting
You are considering investing in a start up company. The founder asked you for $ 260 comma 000 today and you expect to get??$ 980 comma 000 in 13 years. Given the riskiness of the investment? opportunity, your cost of capital is 24 %. What is the NPV of the investment? opportunity? Should you undertake the investment? opportunity? Calculate the IRR and use it to determine the maximum deviation allowable in the cost of capital estimate to leave the decision unchanged. What is the NPV of the investment? opportunity?
In: Finance
Ms. Sasha, the founder and chairman of Yummy Chocolates, a
company that specializes in making
chocolates, by using local ingredients eyes future expansion plan
for their SME venture. Yummy
Chocolates has been considered as a successful SME model for youth
in Canada. Sasha, a school
dropout started this venture from her home in Alberta and was one
of the first chocolatiers in the
region. Sasha’s company buys products from local farmers in an
attempt to support local workers
and contribute to the growth in the local economy. Sasha’s business
model inspired Ms. Amna, an
Omani national who had visited Canada and had learned about her
small venture. Amna and Sasha
had been in frequent contact. Amna wanted to start a company of her
own and Sasha was ambitious
on expansion. Both these individuals decided to help each other’s
cause and decided to start a small
chocolate manufacturing company in Oman. Sasha cannot afford to
leave Canada and hence
decides to transfer the know-how and capital to Amna. Amna will be
responsible for carrying out
the Functional activities of the firm
You are an independent advisor based in Muscat and are requested to
explain the
procedure of forming a partnership firm. Also explain in detail the
different methods by
which the partners could maintain the capital in the firm.
In: Accounting
The founder of X company , a manufacturer of fine fishing supplies, has provided you the following information from his company's accounting records. From the information presented, prepare a properly formatted, multi-step Income Statement (be sure to show intermediate profit lines - Gross Profit, EBITDA, NOI, EBIT, EBT and NI - as necessary). Per share presentation of income data is not being requested. Balance sheet account information is as of the close of business for December 31, 2017 unless otherwise indicated. Income statement information is applicable for the entire calendar year 2017 unless otherwise indicated. The company's income tax rate is 35%. The company did not purchase or dispose of any depreciable long-term assets. (Watch out - you have more information than is needed to complete this problem).
|
Sales/Revenues |
$600,000 |
|
Property Tax Expense |
70,000 |
|
Cash |
10,000 |
|
Marketing Expenses |
30,000 |
|
Warranty Liability |
15,000 |
|
Prepaid Insurance |
10,000 |
|
General and Administrative Expenses |
35,000 |
|
Purchases of Goods for sale |
75,000 |
|
Inventory available for sale as of 1/1/2017 |
120,000 |
|
Inventory available for sale as of 12/31/2017 |
95,000 |
|
Accum. Depreciation on Plant, Property, Equipment (as of 1/1/17) |
120,000 |
|
Accum. Depreciation on Plant, Property, Equipment (as of 12/31/17) |
160,000 |
|
Plant, Property and Equipment |
500,000 |
|
Long-term debt |
50,000 |
|
Dividends declared and paid to shareholders by Fin |
40,000 |
|
Dividend Income |
42,000 |
|
Interest Income |
3,000 |
|
Interest Expense |
12,000 |
|
Net Accounts Receivable |
15,000 |
|
Retained Earnings |
60,000 |
|
Accounts Payable |
15,000 |
|
Bad Debt Expense |
5,000 |
In: Accounting
Ottens Flavors, Philadelphia, announced its combination with MK Flavors & Co., Mexico City. The Mexican operation will offer the U.S.-based company an increased market presence in Central and South America. The new company will be renamed MK Ottens Flavors. MK Ottens Flavor was created through a(n):
| A. |
Joint venture |
|
| B. |
Merger |
|
| C. |
Conglomerate |
|
| D. |
Cartel |
|
| E. |
Voluntary union |
Andy Yocom saw prime advertising space on the flags on the golf course. He reasoned that any marketing messages would get prominent attention if they were placed on the flags since golfers focus on them when they take their shots. As a result Yocom used his own initiative and money to start Invision Golf Group Inc. Yocom is an example of a(n):
| A. |
Entrepreneur |
|
| B. |
Venture capitalist |
|
| C. |
Capitalistic adventurer |
|
| D. |
Franchiser |
|
| E. |
Ultra-capitalist |
Michael Bronner made a killing in the direct marketing business as the co-founder and CEO of Bronner Slosberg Humphrey, a wildly successful direct-marketing firm. His newest venture, Upromise Inc., enlists some of America's largest corporations to help families pay for college and is extremely successful. The 40-year-old Bronner will more than likely start at least one more new company before he retires because Bonner is a(n):
| A. |
Interpreneur |
|
| B. |
Multipreneur |
|
| C. |
Intrapreneur |
|
| D. |
Growth entrepreneur |
|
| E. |
Micropreneur |
A well-written business plan should contain:
| A. |
Executive summary or company overview |
|
| B. |
A marketing plan |
|
| C. |
A vision and mission statement |
|
| D. |
A management plan |
|
| E. |
All of the above |
After graduating from college, Joseph Tantillo decided to start a retail Web site that specializes in personalized Greek apparel. To fund his Web site, he borrowed money from his parents (who expect to be repaid with interest). In other words, he used ________ financing.
| A. |
Debt |
|
| B. |
Liquid |
|
| C. |
Equity |
|
| D. |
Venture |
|
| E. |
Entrepreneurial |
Navim Jain sold stock to investors in order to finance Sparkart, LLC, a company that markets software to track how many times music is played and shared among peers. Jain used ________ financing.
| A. |
Debt |
|
| B. |
Liquid |
|
| C. |
Equity |
|
| D. |
Venture |
|
| E. |
Entrepreneurial |
Which of the following is a trend that is changing the face of entrepreneurship and small business ownership?
| A. |
Stagnant demographics |
|
| B. |
Entrepreneurial diversity |
|
| C. |
Decreased use of overseas bundling |
|
| D. |
An increase in the number of corporate mergers and acquisitions |
|
| E. |
All of the above |
I need help with these questions, please
In: Economics
Bright Ltd acquired all of the issued shares in Star Ltd a number of years ago. On 1 June 2019, Bright Ltd transferred inventory to Star Ltd at a profit, where all of these inventories remained with Star Ltd at 1 July 2019, and were all on-sold to external parties as at 30 June 2020. In your own words, briefly explain the necessary adjustments required in preparing the consolidated financial statements for Bright Ltd’s group for the year ended 30 June 2020.
In: Accounting
ilovefinance LLC makes AI blankets. Interested in finding out the valuation for her company, the CEO zeros down on a couple of comparable firms. The Montauk Coverlet company and the Provincetown Bed Monsters. These companies are currently trading at PE multiples of 8.56 and 9.48 respectively. Using the average PE multiple of the comparable firms, calculate the price that the CEO can expect per share of ilovefinance LLC in the coming year. You have the following information:
a) The company will assume a debt of $500,000 for setting up a manufacturing unit in Mexico.
b) The CEO expects that she can sell 5,000 blankets at a price point of $150 in the coming year.
c) EBITDA is 30% of gross sales
d) Depreciation is $20,000 per year
d) Tax rate is 21 %
e) Interest on debt is 10% per year (Interest Amount = Debt * Interest Rate)
c) For unforeseen issues the CEO would like to keep $100,000 reserved in cash.
d) To begin with, the CEO will issue only 100,000 shares to be distributed among friends and family,
In: Finance
Scenario
XYZ Corporation owns a landfill that was acquired in the purchase of a small waste management company 30 years ago. During routine testing of the soil surrounding the landfill a technician of the company discovered that the soil on the west side of the landfill showed evidence of heavy metals which may be carcinogenic (cause cancer) to humans and animals. If the source of the contamination is not located and contained, the chemicals might enter the public water supply by draining into the local reservoir. The cost of cleaning up the chemical contamination could be very large. The Vice President of the company in charge of the landfill has been given the test results. When he informed the CEO of the situation he was told to ignore the results and continue operating the landfill. The Vice President is trying to determine his course of action.
Pick one of the Theories of Ethics and answer the following questions:
Who are the potential stakeholders who may or may not be affected by the above situation?
What actions if any should the Vice president take or not take?
Explain your answers.
Would your answers change if you applied one of the other theories of ethics?
In: Operations Management
Question B1
In 2002, Musk sold his second internet startup, PayPal, to eBay for $1.5 billion. His first company, a Web software firm, was acquired by Compaq. Currently, Musk is the CEO of Space Exploration Technologies (SpaceX) and Tesla Motors, and also the chairman and the largest shareholder of SolarCity, an energy technology company. SpaceX, which builds rockets for companies and countries to put satellites in space, was the first private company to deliver cargo to the International Space Station. It’s reigniting interest in space exploration. Tesla Motors is the world’s most prominent maker of electric cars and is proving that electric cars can be green, sexy, and profitable. SolarCity is now the leading provider of domestic solar panels in the United States. Each of these ventures has transformed an industry: PayPal – Internet payments; Tesla – automobiles; SpaceX – aeronautics; and SolarCity – energy. (Modified from source: Kristoffer Tripplaar/Sipa USA (Sipa via AP Images)
Based on the above case, name the type of problems Musk deal with when developing these new ventures.
just name the type of problems only !
thanks!!!
In: Operations Management
Question B1
In 2002, Musk sold his second internet startup, PayPal, to eBay for $1.5 billion. His first company, a Web software firm, was acquired by Compaq. Currently, Musk is the CEO of Space Exploration Technologies (SpaceX) and Tesla Motors, and also the chairman and the largest shareholder of SolarCity, an energy technology company. SpaceX, which builds rockets for companies and countries to put satellites in space, was the first private company to deliver cargo to the International Space Station. It’s reigniting interest in space exploration. Tesla Motors is the world’s most prominent maker of electric cars and is proving that electric cars can be green, sexy, and profitable. SolarCity is now the leading provider of domestic solar panels in the United States. Each of these ventures has transformed an industry: PayPal – Internet payments; Tesla – automobiles; SpaceX – aeronautics; and SolarCity – energy. (Modified from source: Kristoffer Tripplaar/Sipa USA (Sipa via AP Images)
Based on the above case, name the type of problems Musk deal with when developing these new ventures.
In: Operations Management