You are the managerial accountant at Reliable Company. You have been assigned to support the marketing department and manage its master budget. The marketing department is responsible for the following:
The department's expenses are as follows:
The sales forecast for its consulting services are as follows:
The department pays a sales commission of 5%, and this is paid in the following month. Subcontractor expenses are estimated at 45% of sales and are paid the month after they are billed. Consulting fees are collected 20% in the month of sale, 70% in the following month, and 10% in the second month following sale.
Refer to the attached schedules.
Develop a master budget for the marketing department.
This task includes the following:
Analyze additional needs and resources based on those budgets. Make recommendations based on those budgets.
Respond to the following for this assignment:
Using the schedule template provided, complete the marketing department’s master budget and schedule of expected cash collections. In a 4-page report, provide your recommendations to support the marketing master budget. Submit both documents to complete the assignment. Please use APA formatting requirements for the word document.
Schedule:
Budget Data:
| Reliable Company Marketing Department Master Budget | |||
| Data | April | May | June |
| Budgeted consulting revenues | $ 190,000 | $ 200,000 | $ 205,000 |
| Less: Sales commissions (5% of sales) | $ 9,500 | $ 10,000 | $ 10,250 |
| Less: Cost of sales (45% of sales) | $ 85,500 | $ 90,000 | $ 92,250 |
| Net consulting revenues | $ 95,000 | $ 100,000 | $ 102,500 |
| Accounts Receivable Collections | |||
| Month of sale | 20% | ||
| Month following sale | 70% | ||
| Second month following sale | 10% | ||
| Monthly Budgeted Expenses | |||
| Salaries and benefits | $ 48,000 | ||
| Web site operations | $ 21,000 | ||
| Online advertising expenses | $ 15,000 | ||
| Other misc. expenses | $ 3,500 | ||
| Accounts Payable Payments | |||
| Month of sale | 40% | ||
| Month following sale | 60% | ||
| Accounts Payable | |||
| Online advertising expenses | $ 15,000 | ||
In: Accounting
Record the current price of the stock for each company you selected in Week 3’s Stock Journal. You may use any price during this week (e.g., day one price, the opening, the low, the high, the close, or any price you find when you check it during the day). Using MS Excel spreadsheet or MS Word document, put your Week 3 and Week 8 stock prices side-by-side, to show your comparison. Determine the current value of your total investment. Do not make any changes to your investment at this time. Calculate your total based on the number of shares and the new price per share, for each company. Provide your opinion / assessment of your investments. Evaluate the results of your current investment. Are you happy with the result and the trend? Are you upset because you’re investment is worth less than $25,000. Feel free to speculate / guess at why you believe the stock increased, decreased, or remained static. Name Apple Amazon Accenture Reasons for selection I love the products of Apple. I have used its iPhone and iPad and I really like them. They are doing well and will continue to do in future as technology improves and penetration of hand-held devices increases across the globe. I have bought some products online using the platform of this company. My experience was good. Amazon has toppled Microsoft to become the largest company in terms of market capitalization, recently. I am quite sure this company will do quite well as internet penetration improves across the globe. I have heard a lot about the management consulting, technology and outsourcing platforms of Accenture. They have growth platforms quite relevant to the industry. Their advisory services to the client are excellent. The company is nearly debt free and has strong financials. Current Share Price ($), P 152.29 1,640.56 146.23 Amount allocated ($), F 8,000.00 10,000.00 7,000.00 Nos. of shares, M = F / P 52.53 6.10 47.87 Integral nos. of shares, N 53.00 6.00 48.00 Funds actually invested ($) = N x P 8,071.37 9,843.36 7,019.04 Total funds invested ($) 24,933.77 (Sum of above three values, close to 25,000 but not exactly 25,000)
In: Finance
CompTIA Linux+ Guide to Linux Certification (4th Edition)(Please do not do it in a mac and add pictures of the machine.)
Project 2-5 In this hands-on project, you find information about commands using help utilities.
1. Press CtrlþAltþF2 to switch to a command-line terminal (tty2), and then log in to the terminal using the user name of root and the password of LNXrocks!.
2. At the command prompt, type man –k cron and press Enter to view a list of manual pages that have the word “cron” in the name or description. Use Table 2-8 to determine what type of manual pages are displayed. How many manual pages are there for crontab? Are they different types of manual pages? If you do not see any output from the man –k command, run the mandb command to generate the manual pages index.
3. At the command prompt, type man crontab and press Enter to view the manual page for the crontab command. Observe the syntax of the crontab command and press q when finished to quit the manual page and return to your command prompt.
4. At the command prompt, type man 5 crontab and press Enter to view the manual page for the crontab file format. Observe the syntax of the crontab file format and press q when finished to quit the manual page and return to your command prompt.
5. At the command prompt, type info and press Enter to view a list of available GNU info pages. When finished, press q to quit the info utility.
6. At the command prompt, type info date and press Enter to view syntax information regarding the date command, and press q to quit the info utility when finished.
7. At the command prompt, type help to view a list of BASH shell functions that have documentation. If the list is too long for your terminal, press the Shift and Page Up keys simultaneously to shift one page up to view the top of the list. Then press the Shift and Page Down keys simultaneously to shift one page down to view your command prompt again.
8. At the command prompt, type help exit to view information on the exit command, a function of your BASH shell.
9. Type exit and press Enter to log out of your shell.
In: Computer Science
When it comes to communication, the obstacles are many. Two pearls of wisdom to think about when we converse; First, do you realize that every conversation we have is actually an argument? Regardless of the topic, when we speak we’re trying to get the other person to agree with our point of view on the topic. Pay attention during the course of a day’s conversation and see if you agree. Secondly, every time we use the word “but” in a sentence, everything before it was a lie. Again, pay attention to your conversations, and what people are saying to you! Bet you converse a bit differently moving forward.
And since language is the prime topic for this instance, let's take yet another fact in Critical Thinking. this week focused on language. Remember, draw from what you're about to watch for the discussion!
And to this end, below are a number of scenarios that hamper communication. What would you do to solve each?
#1. Failure to Listen
The inability to listen is a huge problem. Often you will see co-workers interrupting speakers or planning what they will say next instead of effectively listening. Other distractions are when team members roll their eyes at comments or just discount their worker’s premise; and still others just forget to pay attention, they are too distracted or have a short attention span. Obviously these all reflect on their failure to listen.
#2. Culture Differences
The office has become a melting pot stocked with people of diverse backgrounds and cultural customs. People tend to “hang" with others familiar to their culture or habits. When these individual groups assemble, managers face the challenges of small group dynamics and team communication issues.
#3. Attitude & Ego
Too often teamwork stops because of someone’s ego. They refuse to admit they might be part of the problem. Conflicts also arise because of inequity, and rather than make the situation more equal, someone becomes defensive instead of taking responsibility.
#4. Focus or Listening Problems
Inability of employees to interpret the information or provide adequate focus leads to team communication issues. The gap in age, the hole left by a boomer generation retiring, and other societal weaknesses make this communication barrier very real.
#5. Cliques, Groups and Friendships
A tight and exclusive grouping of individuals who bond together for one reason or another can be problematic if they are not objective.
In: Psychology
Throughout the semester, you have learned about several theories and practices of psychology across many different areas. This assignment will give you an opportunity to apply some of those 1,500-word concepts, theoretical perspectives, and empirical findings. In completing this five, you will hone your critical thinking skills, recognizing and applying psychological principles, and communicating your understanding of individual, community, and organizational life experiences to a general audience. Task: For this assignment, you will write a paper based on a film or book that you will explore through the application of psychological theory and research. Step 1: Select a film or book of interest. For example, you might select a movie or book in which the main character suffers from a psychological disorder or is merely trying to cope with the everyday stress of life. Be creative. For instance, choose "Snow White" and talk about the Evil Queen's Narcissistic Personality Disorder or choose "Cat in The Hat" and talk about the Cat's "Borderline Personality Disorder" or something like that (please do not use either of those suggestions specifically). Do not choose something obvious, but be creative and thoughtful. Step 2: Review your course resources to identify three specific psychological theories or principles that can be applied to the analysis of the book or film. You might discuss defense mechanisms or refer to developmental stages in the person's life that might have been important, or consider the effects of abuse, alcoholism and addiction, etc. You can approach the subject matter from different perspectives—psychoanalytical, biological, behavioral, cognitive, and/or sociocultural. You can discuss the role emotion, memory, or motivation plays in the character's development, or the importance of the environment, and influences such as racism and sexism. Step 3: Search the library database using relevant keywords for your topic for at least one peer-reviewed article to support your ideas. Psychology cuts across many disciplines so feel free to explore journals in other areas such as business, education, health, and criminal justice. Tip: When conducting your search in the library include a theory or principle plus a topic (i.e. Body Dysmorphic Disorder and Adolescents). Use alternative key words to improve your chances of finding relevant articles and create a specific search statement to help narrow your results." The example might be something like "("Body Dysmorphic Disorder" OR BDD) AND (adolescent* OR teen*)"
In: Psychology
As you might expect, there has been a spirited discussion about which method is most effective in terms of the effectiveness of delivering course content, student and faculty acceptance of different modes of instruction and the cost to the state of using different delivery methods. As a result of this discussion, five questions have arisen that require the use of statistics to answer them. They are:
1. Does student learning as indicated by average grades suffer if they are taught using alternative modes of instruction: traditional in-class teaching, on-line learning, or mixed on-line/in-class method?
2. Do students have a preference for which type of learning to which they are exposed?
3. Is the acceptance of students of on-line methods independent of their majors?
4. Is the proportion of faculty members favoring on-line or mixed delivery the same for all colleges within the university?
5. Does the average amount of additional instructor time required to deliver courses on-line differ according to the type of courses?
1.) Independent samples Of the course grades of students who took classes using traditional in class presentations, students to take classes online and students taught using mixed methods have been collected. The data are shown in the jpeg of the table below. Use this data to conduct the appropriate hypothesis test to determine if there is any difference between the mean scores of the student populations that took different types of classes. Use Tukey-Kramer to determine where the significant differences are.
| In-Class | On-Line | Mixed |
| 80.8 | 83.8 | 74.9 |
| 84.1 | 78.4 | 78.1 |
| 87.2 | 81.1 | 81.2 |
| 76.8 | 70.7 | 71.3 |
| 90.3 | 78.4 | 83.9 |
| 79.8 | 78.1 | 73.7 |
| 83.1 | 77.8 | 77.2 |
Please provide a statistical analysis. You are required to submit the following information:
1.) The null and alternative hypotheses being tested.
2.) The Critical test statistic (F or Chi-Square) from the appropriate table. If it required using the Tukey- Kramer method, show the Q score from the table AND the critical value that you used to make your decisions. Also, specify which mean or means are not equal.
3.) The calculated value that you arrived at and the p-Value.
4.) Your decision, reject or do not reject.
5.) A separate part of the answer must be a memo sheet written in word that answers each of the 5 questions and explains why you answered as you did using the results of your statistical testing.
In: Statistics and Probability
.
NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE, COMPLETELY NEW ANSWER PLEASE
Your employer, a midsized human resources management company, is considering expansion into related fields, including the acquisition of Temp Force Company, an employment agency that supplies word processor operators and computer programmers to businesses with temporarily heavy workloads. Your employer is also considering the purchase of Biggerstaff & McDonald (B&M), a privately held company owned by two friends, each with 5 million shares of stock. B&M currently has free cash flow of $24 million, which is expected to grow at a constant rate of 5%. B&M’s financial state-ments report short-term investments of $100 million, debt of $200 million, and preferred stock of $50 million. B&M’s weighted average cost of capital (WACC) is 11%.
Answer the following questions:
a. Describe briefly the legal rights and privileges of common stockholders.
b. What is free cash flow (FCF)? What is the weighted average cost of capital? What is the free cash flow valuation model?
c. Use a pie chart to illustrate the sources that comprise a hypothetical company’s total value. Using another pie chart, show the claims on a company’s value. How is equity a residual claim?
d. Suppose the free cash flow at Time 1 is expected to grow at a constant rate of gL forever. If gL cash flows when discounted at the WACC? If the most recent free cash flow is expected to grow at a constant rate of gL , WACC), what is a formula for the present value of expected free cash flows when discounted at the WACC?
e. Use B&M’s data and the free cash flow valuation model to answer the following questions:
(1) What is its estimated value of operations?
(2) What is its estimated total corporate value? (This is the entity value.)
(3) What is its estimated intrinsic value of equity?
(4) What is its estimated intrinsic stock price per share?
ANSWER THROUGHLY 1-2 pages *** IN PARAGRAPGH FORM PLEASE NOT BULLET POINTS
COPY AND PASTE Answer in paragraphs, and no picture attachment please.
NEEDS TO BE AN ORIGINAL SOURCE ANSWER NEVER USED BEFORE
***NEEDS TO BE AN ORIGINAL SOURCE PLEASE***
PLEASE ANSWER THROUGHLY ALL ANSWERS
Answer to best abilities please.
In: Accounting
One can determine how old a tree is by counting its rings, but that Requires cutting the tree down. A forester wanted to investigate whether or not the age of a tree can be estimated simply from its diameter so they measured 27 trees of the same species that had been cut down, and counted the rings to determine the ages of the trees. The following are the data collected.
|
Diameter in inches |
Age in years |
Diameter in inches |
Age in years |
Diameter in inches |
Age in years |
Diameter in inches |
Age in years |
|
3.8 |
4 |
6.8 |
12 |
9.3 |
23 |
11.5 |
34 |
|
3.8 |
5 |
6.9 |
13 |
9.9 |
25 |
11.7 |
35 |
|
5.7 |
8 |
7.6 |
14 |
9.8 |
28 |
11.7 |
38 |
|
5.0 |
8 |
7.6 |
16 |
10.6 |
29 |
11.7 |
38 |
|
5.8 |
8 |
8.1 |
18 |
10.6 |
30 |
12.5 |
40 |
|
6.9 |
10 |
9.0 |
20 |
10.4 |
30 |
12.3 |
42 |
|
6.1 |
10 |
8.8 |
22 |
11.3 |
33 |
In: Statistics and Probability
Sammuel Kam and Ahmad Razzi are senior vice-presidents of Berjaya Mutual Berhad. They are co-directors of the company’s pension fund management division, with Mr. Kam having responsibility for fixed income securities (primarily bonds) and Mr. Ahmad being responsible for equity investment. A new major client, the Northeastern Alliance Inc., has requested that Berjaya Mutual Berhad present an investment seminar, and Mr. Kam and Mr. Ahmad, who will make the actual presentation, have asked you to help them. To illustrate the common stock valuation process, Mr. Kam and Mr. Ahmad have asked you to analyse Digit Force Sdn. Bhd., an employment agency that supplies word processor operators and computer programmers to businesses with temporarily heavy workloads.
Questions 1. Briefly describe the legal rights and privileges of becoming a common stockholder.
2. What is a constant growth stock? Is it possible for a company to have a constant growth (g) which exceed its required rate of return (rs)? If it does, what will happen to the company’s stock?
3. Calculate the required rate of return for Digit Force Sdn. Bhd. considering the risk-free rate of 6.5 percent and the market risk premium of 5 percent. The company has a beta coefficient of 1.3.
4. As a constant growth company, Digit Force Sdn. Bhd. paid its last dividend at $1.25. The dividend is expected to grow indefinitely at a rate of 6.35 percent; a. Calculate the firm’s expected dividend stream over the next three years. b. Calculate the firm’s current stock price. c. Calculate the firm’s stock price one year from now. d. Calculate the expected dividend yield, the capital gain yield and the total return during the first year.
5. Using the same information from Question 4, consider the stock is currently priced at $25.75 What is its expected rate of return?
6. Now consider the dividends were expected to have zero growth, what will be the price of the stock?
7. Consider an extreme condition. For instance, Digit Force Sdn. Bhd. is expected to experience a supernormal growth of 35 percent for the next 4 years, after which it will return to its long-run constant growth rate of 6.35 percent. Calculate the value of the stock under this condition. Also calculate its expected dividend yield and capital gain yield for year 1 and year 4.
In: Accounting
Important Note
For the remaining items you are to create an APA styled results
presentation. This will include a table of results, and written
inference and interpretation. If you are unclear about APA styled
tables, review carefully the examples provided in the linked Word
document on the Course Index. Each item is worth 10 points (unless
specified otherwise) and will be graded according to the following
rubric: Calculation Numeric Results 5 points, Written Presentation
2 points, and APA style 3 point.
6. Does climate predict suicide rates across the USA? According
to Dixon and Kalkstein (2009) climate may be a predictor of suicide
incidents. To test this possible link, data were collected on
suicide rate per 100,000 individuals in each state and several
indicators of climate. More specifically, the data include the
following:
• Suicide rate per 100,000 individuals (i.e., 15 = 15 suicides out
of 100,000 individuals)
• Average percentage of time the sun shines during the day (i.e.,
58 = sun shines 58% of time during day on average)
• Average number of clear days (i.e., 99 = clear skies 99 out of
365 days a year)
• Average afternoon humidity (i.e., 52 = humidity is 52% on average
at 4pm in the afternoon)
• Average temperature in Fahrenheit (i.e., 62.8 = average
temperature throughout year is 62.8)
The data can be downloaded as either an SPSS file or Excel file.
The variable names in each file are
• Suicide_Rate = Suicide rate per 100,000 individuals
• Percent_sun_days = Average percentage of time the sun shines
during the day
• Number_clear_days = Average number of clear days
• Afternoon_humidity = Average afternoon humidity
• Average_Temp_F = Average temperature in Fahrenheit
SPSS data file:
http://www.bwgriffin.com/gsu/courses/edur8131/data/test3_suicide_data.sav
Excel data file:
http://www.bwgriffin.com/gsu/courses/edur8131/data/test3_suicide_data.xlsx
Is there any evidence that these four climate indicators
statistically predict suicide rates? Use Regression for this
analysis. (10 points)
Data sources for this item:
• Suicide data (2005 data):
http://www.suicide.org/suicide-statistics.html#death-rates
• Dixon and Kalkstein (2009):
http://geosciences.msstate.edu/faculty/dixon/reprints/2009compass.pdf
• Average humidity (14 June 2013):
http://www.currentresults.com/Weather/US/annual-average-humidity-by-state.php
• Number of sunny days (14 June 2013):
http://www.currentresults.com/Weather/US/average-annual-state-sunshine.php
In: Statistics and Probability