Barfield Corporation prepares business plans and marketing analyses for startup companies in the Cleveland area. Barfield has been very successful in recent years in providing effective service to a growing number of clients. The company provides its service from a single office building in Cleveland and is organized into two main client-service groups: one for market research and the other for financial analysis. The two groups have budgeted annual costs of $440,000 and $770,000, respectively. In addition, Barfield has a support staff that is organized into two main functions: one for clerical, facilities, and logistical support (called the CFL group) and another for computer-related support. The CFL group has budgeted annual costs of $432,000, while the annual costs of the computer group are $717,000.

Tom Brady, CFO of Barfield, plans to prepare a departmental cost allocation for his four groups, and he assembles the following information.

Percentage of estimated dollars of work and time by CFL group:

Percentage of estimated dollars of work and time by the computer group:

Required:
Determine the total cost in the financial analysis and market research groups, after departmental allocation, using (a) the direct method, (b) the step method when the sourcing department that provides the greatest percentage of services to other service departments goes first, and (c) the reciprocal method.

Barfield Corporation prepares business plans and marketing analyses for startup companies in the Cleveland area. Barfield has been very successful in recent years in providing effective service to a growing number of clients. The company provides its service from a single office building in Cleveland and is organized into two main client-service groups: one for market research and the other for financial analysis. The two groups have budgeted annual costs of $1,250,000 and $1,750,000, respectively. In addition, Barfield has a support staff that is organized into two main functions: one for clerical, facilities, and logistical support (called the CFL group) and another for computer-related support. The CFL group has budgeted annual costs of $210,000, while the annual costs of the computer group are $600,000.

Tom Brady, CFO of Barfield, plans to prepare a departmental cost allocation for his four groups, and he assembles the following information.

Percentage of estimated dollars of work and time by CFL group:

Percentage of estimated dollars of work and time by the computer group:

Required:
Determine the total cost in the financial analysis and market research groups, after departmental allocation, using (a) the direct method, (b) the step method when the sourcing department that provides the greatest percentage of services to other service departments goes first, and (c) the reciprocal method. (Round percentage calculations to 4 decimal places (e.g., 33.3333%), intermediate calculations and final answers to the nearest dollar amount.)

Market Reserach Financial Analysis Total Producing Department Cost

a.The direct method$0

b.The step method$0

c.The reciprocal method$0

Nash Financial Services performs bookkeeping and tax-reporting services to startup companies in the Oconomowoc area. On January 1, 20X1, Clarke entered into a 3-year service contract with Walleye Tech. Phillip promises to pay $10,800 at the beginning of each year, which at contract inception is the standalone selling price for these services. At the end of the second year, the contract is modified and the fee for the third year of services is reduced to $8,800. In addition, Phillip agrees to pay an additional $21,600 at the beginning of the third year to cover the contract for 3 additional years (i.e., 4 years remain after the modification). The extended contract services are similar to those provided in the first 2 years of the contract.

Instructions

(a) Prepare the journal entries for Nash in 20X1 and 20X2 related to this service contract, assuming that the annual revenue is recognized at year end. (4 journal entries)

(b) Prepare the journal entries for Nash in 20X3 related to the modified service contract, assuming a prospective approach. (2 journal entries).

How long will each iteration of the loop take in steady state (i.e., ignoring startup latency) on our  5 stage pipeline? Assume the use of data forwarding and hardware interlocking (bubbles and stalls) and that the branch is not predicted (i.e., stalls/bubbles are required for a branch).

     irmovl   $5, %edx

     irmovl   $80, %ebx

Loop:

     mrmovl   array_base(%ebx), %eax

     addl     %edx, %eax

     rmmovl   %eax, array_base(%ebx)

     addl     $-4, %ebx

     jne Loop   

If the branch delay slots were exposed to the compiler/user, could you move any instructions into those delay slots? Remember that overall program dependences must be obeyed.

- True

- False

2. Salsa Aguilar, a small startup business located in Pennsylvania, produces salsas that are sold through Heisler’s Market, a local grocery store located in McMurray, PA. Salsa Aguilar makes two types of products: Original Salsa and Fuego Salsa. Essentially, the two products have different blends of whole tomatoes, tomato sauce, and chopped vegetables. The Original Salsa is a blend of 50% whole tomatoes, 40% tomato sauce, and 10% chopped onions and jalapenos along with a proprietary spice blend. The Fuego Salsa, has a thicker and chunkier consistency, consists of 70% whole tomatoes, 10% tomato sauce, and 20% chopped onions and jalapenos, along with a proprietary spice blend. Each jar of salsa produced weighs 12 ounces. For the current production period, Salsa Aguilar can purchase up to 200 pounds of whole tomatoes, 150 pounds of tomato sauce, and 85 pounds of chopped onions and jalapenos; the price per pound for these ingredients is $1.00, $0.75, and $0.60, respectively. The cost of the spices and the other ingredients is approximately $0.15 per jar. Salsa Aguilar buys empty glass jars for $0.03 each and labeling and filling costs are estimated to be $0.02 for each jar of salsa produced. Salsa Aguilar’s contract with Heisler’s Market results in sales profit of $3.00 for each jar of Original Salsa and $3.25 for each jar of Fuego Salsa.

Letting

O = number of jars of Original Salsa sold

F = number of jars of Fuego Salsa sold

Leads to the formulation of the linear program as follows. The RHS ranges are simply the total ounces of each ingredient and the LHS ranges reflect the quantity in ounces of each ingredient that goes into each jar. Note that the pricing information here is not relevant to our analysis, since we are considering only the net profit for each jar:

               Max       3O + 3.25F

               s.t.

                              6O + 8F                ≤ 3200                Whole tomatoes

                              5O + 1F                ≤ 2400                Tomato Sauce

                              1O + 2F                ≤ 1360                Chopped Onions and jalapenos

                                     O, F               ≥ 0

The computer solution is shown in figure below.

1. What is the optimal solution, and what are the total returns based on these optimal production quantities?
2. Specify the objective function ranges
3. What are the dual values (shadow prices) for each constraint? Interpret each.
4. Identify each of the right-hand-side ranges.

Traverse Recreation Company manufactures a single product that is popular with outdoor enthusiasts. The company sells its product to retailers throughout the midwestern section of the United States. It is in the process of creating a master budget for 2020 and reports a balance sheet at December 31, 2019 as follows:

The company’s chief financial officer (CFO), in consultation with various managers across the organization has developed the following set of assumptions to help create the 2020 budget:

1. The budgeted unit sales are 12,000 units, 37,000 units, 15,000 units, and 25,000 units for quarters 1-4, respectively. Notice that the company experiences peak sales in the second and fourth quarters. The budgeted selling price for the year is $32 per unit. The budgeted unit sales for the first quarter of 2021 is 13,000 units.
2. All sales are on credit. Uncollectible accounts are negligible and can be ignored. Seventy-five percent of all credit sales are collected in the quarter of the sale and 25% are collected in the subsequent quarter.
3. Each quarter’s ending finished goods inventory should equal 15% of the next quarter’s unit sales.
4. Each unit of finished goods requires 3.5 yards of raw material that costs $3.00 per yard. Each quarter’s ending raw materials inventory should equal 10% of the next quarter’s production needs. The estimated ending raw materials inventory on December 31, 2020 is 5,000 yards.
5. Seventy percent of each quarter’s purchases are paid for in the quarter of purchase. The remaining 30% of each quarter’s purchases are paid in the following quarter.
6. Direct laborers are paid $18 an hour and each unit of finished goods requires 0.25 direct labor-hours to complete. All direct labor costs are paid in the quarter incurred.
7. The budgeted variable manufacturing overhead per direct labor-hour is $3.00. The quarterly fixed manufacturing overhead is $150,000 including $20,000 of depreciation on equipment. The number of direct labor-hours is used as the allocation base for the budgeted plantwide overhead rate. All overhead costs (excluding depreciation) are paid in the quarter incurred.
8. The budgeted variable selling and administrative expense is $1.25 per unit sold. The fixed selling and administrative expenses per quarter include advertising ($25,000), executive salaries ($64,000), insurance ($12,000), property tax ($8,000), and depreciation expense ($8,000). All selling and administrative expenses (excluding depreciation) are paid in the quarter incurred.
9. The company plans to maintain a minimum cash balance at the end of each quarter of $30,000. Assume that any borrowings take place on the first day of the quarter. To the extent possible, the company will repay principal and interest on any borrowings on the last day of the fourth quarter. The company’s lender imposes a simple interest rate of 3% per quarter on any borrowings.
10. Dividends of $15,000 will be declared and paid in each quarter.
11. The company uses a last-in, first-out (LIFO) inventory flow assumption. This means that the most recently purchased raw materials are the “first-out” to production and the most recently completed finished goods are the “first-out” to customers.

Find the following:

1. Quarterly sales budget including a schedule of expected cash collections.
2. Quarterly production budget.
3. Quarterly direct materials budget including a schedule of expected cash disbursements for purchases of materials.
4. Quarterly direct labor budget.
5. Quarterly manufacturing overhead budget.
6. Ending finished goods inventory budget at December 31, 2020. (LIFO inventory assumption)
7. Quarterly selling and administrative expense budget.
8. Quarterly cash budget. Determine any borrowing that would be needed to maintain the minimum cash balance as indicated in your data set. (This will require the use of an “If” statement in Excel.)
9. Income statement for the year ended December 31, 2020.
10. Balance sheet at December 31, 2020.

Please solve all parts ;)

Brief down in at least 200 words of what do you personally think about the following country risk profile of Brazil. Include your personal views about the following country risk profile & explain with a proper justification whether a company should business with or in Brazil.

Economic Risk : Brazil is the world's eighth largest economy. The nation is trying its best at remaking itself after the downturn that happened five years prior, when the economy shrunk by nearly 7%. From that point forward, Brazil hasn't had the option to develop at a similar movement it was accustomed to, during the decade prior to the downturn. Nonetheless, things appear to be gazing upward monetarily in Brazil, yet the current recuperation is a moderate one. In 2019, the nation's GDP became 1.1%, against 1.3% in 2018, and it is relied upon to tumble to - 5.3% in 2020 because of the episode of the COVID-19 and get to 2.9% in 2021, as indicated by the refreshed IMF conjectures from fourteenth April 2020. In 2019, expansion rate was equivalent to 3.7% - same pattern in 2018 and is required to remain moderately steady, at 3.6% in 2020 and 3.3% in 2021 in spite of the COVID-19 pandemic. All things considered, costs have gone up by 25% since the downturn - and compensations haven't followed. Government obligation is at present 91.6%, and should increment in the following two years, to 93.9% in 2020 and 94.5% in 2021. The nation is as yet buried owing debtors, and the Brazilian president says the principal offender is the annuity framework, as he accepts individuals to resign soon with such a large number of advantages. Monetary solidification is the administration's fundamental goal, yet the Brazillian president's guarantee to diminish the irregularity to zero this year isn't achievable. The administration spending balance enlisted in 2019 a deficiency of 6.3% which is required to diminish in 2020 and 2021, coming to 6%. The joblessness rate in Brazil is still high, arriving at 11.9% in 2019, a little improvement contrasted with 12.3% of 2018.

Political Risk: President Jair Bolsonaro has been in power since the start of 2019. At first, him and his team's supportive business plans were very popular and he had the option to supervise the section of a pension reform bill. This bill was to spare the nation an expected USD 195 billion, as it raised the retirement age and contained other income sparing measures. Nonetheless, the pandemic has expanded focuses of contradiction between the president and the congress, bringing about an increased political conflict and diminishing the probability that Brazil will have the option to proceed on a more positive note. The administration had been focused on fiscal consolidation but, considering the pandemic, extra financial changes are far-fetched. The administration's monetary reaction to the pandemic is to expand the monetary shortage to over 9% of GDP. Corruption scandals and investigations is an on-going issue for the nation. Brazil is positioned to be 106 out of 180 nations in the latest Corruption Perceptions Index.

Geographical/ Environmental: Despite the fact that Brazilian courts are yet to issue decisions in activities identified with environmental change, Brazil has been progressively giving critical indications that climate change is a pattern that can't be overlooked. In 2010, the So Paulo State Public Prosecutor's Office recorded activities against the excess of 30 organizations looking for pay for GHG outflows. After ten years, none of the organizations were viewed as a risk, however one of those organizations, documented against KLM Royal Dutch Airlines, which lead to a forthcoming examination by the Superior Court of Justice. In 2019, IBAMA, which is what could be compared to the United States Environmental Protection Agency ("EPA"), filed a lawsuit against a steel organization and its investors looking for pay for climate damages brought about by the consuming of unlawful coal in the production of steel. In June 2020, opposition political groups documented claims against the Brazilian government because of its absence of activity regarding the Climate Fund and Amazon Fund, which has been prompting the suspension of the assets tasks, affecting ventures, exploration and exercises that try to moderate environmental change and that in any case could be profited by the funds reserve. Formal proceedings are required to be held soon by the Brazilian Supreme Court to examine these activities. The Brazilian Association of Environmental Public Prosecutors joined forces with the Institute for Climate and Society to advance an atmosphere suit capacitation course for investigators, for which will motivate the examining and adjusting techniques for battling environmental change in Brazil.

By analyzing the following country risk profile of Brazil, provide a self explanatory of at least 200 words of your personal opinion of whether a company should business with or in Brazil. Justify your answer and also include your personal thoughts about the below country risk profile.

"Economic Risk : Brazil is the world's eighth largest economy. The nation is trying its best at remaking itself after the downturn that happened five years prior, when the economy shrunk by nearly 7%. From that point forward, Brazil hasn't had the option to develop at a similar movement it was accustomed to, during the decade prior to the downturn. Nonetheless, things appear to be gazing upward monetarily in Brazil, yet the current recuperation is a moderate one. In 2019, the nation's GDP became 1.1%, against 1.3% in 2018, and it is relied upon to tumble to - 5.3% in 2020 because of the episode of the COVID-19 and get to 2.9% in 2021, as indicated by the refreshed IMF conjectures from fourteenth April 2020. In 2019, expansion rate was equivalent to 3.7% - same pattern in 2018 and is required to remain moderately steady, at 3.6% in 2020 and 3.3% in 2021 in spite of the COVID-19 pandemic. All things considered, costs have gone up by 25% since the downturn - and compensations haven't followed. Government obligation is at present 91.6%, and should increment in the following two years, to 93.9% in 2020 and 94.5% in 2021. The nation is as yet buried owing debtors, and the Brazilian president says the principal offender is the annuity framework, as he accepts individuals to resign soon with such a large number of advantages. Monetary solidification is the administration's fundamental goal, yet the Brazillian president's guarantee to diminish the irregularity to zero this year isn't achievable. The administration spending balance enlisted in 2019 a deficiency of 6.3% which is required to diminish in 2020 and 2021, coming to 6%. The joblessness rate in Brazil is still high, arriving at 11.9% in 2019, a little improvement contrasted with 12.3% of 2018.

Political Risk: President Jair Bolsonaro has been in power since the start of 2019. At first, him and his team's supportive business plans were very popular and he had the option to supervise the section of a pension reform bill. This bill was to spare the nation an expected USD 195 billion, as it raised the retirement age and contained other income sparing measures. Nonetheless, the pandemic has expanded focuses of contradiction between the president and the congress, bringing about an increased political conflict and diminishing the probability that Brazil will have the option to proceed on a more positive note. The administration had been focused on fiscal consolidation but, considering the pandemic, extra financial changes are far-fetched. The administration's monetary reaction to the pandemic is to expand the monetary shortage to over 9% of GDP. Corruption scandals and investigations is an on-going issue for the nation. Brazil is positioned to be 106 out of 180 nations in the latest Corruption Perceptions Index.

Geographical/ Environmental: Despite the fact that Brazilian courts are yet to issue decisions in activities identified with environmental change, Brazil has been progressively giving critical indications that climate change is a pattern that can't be overlooked. In 2010, the So Paulo State Public Prosecutor's Office recorded activities against the excess of 30 organizations looking for pay for GHG outflows. After ten years, none of the organizations were viewed as a risk, however one of those organizations, documented against KLM Royal Dutch Airlines, which lead to a forthcoming examination by the Superior Court of Justice. In 2019, IBAMA, which is what could be compared to the United States Environmental Protection Agency ("EPA"), filed a lawsuit against a steel organization and its investors looking for pay for climate damages brought about by the consuming of unlawful coal in the production of steel. In June 2020, opposition political groups documented claims against the Brazilian government because of its absence of activity regarding the Climate Fund and Amazon Fund, which has been prompting the suspension of the assets tasks, affecting ventures, exploration and exercises that try to moderate environmental change and that in any case could be profited by the funds reserve. Formal proceedings are required to be held soon by the Brazilian Supreme Court to examine these activities. The Brazilian Association of Environmental Public Prosecutors joined forces with the Institute for Climate and Society to advance an atmosphere suit capacitation course for investigators, for which will motivate the examining and adjusting techniques for battling environmental change in Brazil."

You are a statistician tasked with the challenge of proving that the nation of Remulak is selling its wine in the United States at a price below that which is charged domestically in Remulak. The issue is that the Remulak government is coordinating predatory pricing by subsidizing a lower price charged in the US in order to stimulate export demand for their most prolific product. The data available has been collected from random samples of single bottles of Remulak wine sold in both the United States and in Remulak. Currency exchange experts have adjusted the price charged in Remulak to US Dollars reflecting both the exchange rate differences and differences in real prices between the two nations.

You should prepare confidence intervals of the difference of the two pricing levels at both the 95% and 99 % confidence levels. Further, you should conduct an appropriate hypothesis test for a difference in price of $1.70 per bottle lower in the US, which agricultural economists have determined is the minimum difference required to significantly induce increases in US demand for Remulak wine.

Set up median and standard deviation for U.S. data and Remulak data. Show calcuation for z-score and plot.

Be careful that this is set up properly so that you are testing at the correct tail.

The following problem is based on information taken from Academe, Bulletin of the American Association of University Professors. Let x represent the average annual salary of college and university professors (in thousands of dollars) in the United States. For all colleges and universities in the United States, the population variance of x is approximately σ² = 47.1. However, a random sample of 18 colleges and universities in Kansas showed that x has a sample variance s² = 84.7. Use a 5% level of significance to test the claim that the variance for colleges and universities in Kansas is greater than 47.1.

(A) What is the level of significance?

(B) State the null and alternate hypotheses.

H₀: σ² = 47.1; H₁: σ² ≠ 47.1

H₀: σ² = 47.1; H₁: σ² < 47.1    

H₀: σ² < 47.1; H₁: σ² = 47.1

H₀: σ² = 47.1; H₁: σ² > 47.1

H₀: σ² > 47.1; H₁: σ² = 47.1

(C) Find the value of the chi-square statistic for the sample. (Round your answer to two decimal places.)

(D) What are the degrees of freedom?

(E) What assumptions are you making about the original distribution?

We assume a binomial population distribution.

We make no distributional assumptions.    

We assume a exponential population distribution.

We assume a normal population distribution.

We assume a uniform population distribution.

(F) Find the P-value of the sample test statistic. (Round your answer to four decimal places.)

(G) Based on your answers in parts (a) to (f), will you reject or fail to reject the null hypothesis of independence?

Since the P-value > α, we fail to reject the null hypothesis.

Since the P-value > α, we reject the null hypothesis.    

Since the P-value ≤ α, we reject the null hypothesis.

Since the P-value ≤ α, we fail to reject the null hypothesis.

(H) Interpret your conclusion in the context of the application.

At the 5% level of significance, there is sufficient evidence to conclude the variance of annual salaries is greater in Kansas.

At the 5% level of significance, there is insufficient evidence to conclude the variance of annual salaries is greater in Kansas.