A battery company claims that its batteries last an average of 100 hours under normal use. After several complaints that the batteries do not last this long, an independent testing laboratory decided to test the company’s claim with a random sample of 42 batteries. The data from the 42 batteries appeared to be unimodal and symmetric with a mean 97 hours and a standard deviation of 12 hours. What sample size would allow us to increase our confidence level to 95% while reducing the margin of error to only 3 hours? Round up to the nearest whole number.

1. Are the following capital budgeting or financing decisions?

A. Intel decides to spend $1 billion to develop a new microprocessor.

B. Avon spends $200 million to launch a new range of cosmetics in US markets.

C. Pfizer issues new shares to buy a small biotech company.

D. Toyota borrows 350 million yen from Bank of Tokyo.

2. Would the following activities increase or decrease the firm’s cash balance?

A. Inventories are increased.

B. Accounts payable are decreased.

C. Additional common stock issued.

D. New equipment is purchased.

Bramble Manufacturing Ltd. has signed a lease agreement with LPN Leasing Inc. to lease some specialized manufacturing equipment. The terms of the lease are as follows:

Click here to view the factor table PRESENT VALUE OF 1.
Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE.

From Bramble Manufacturing’s perspective, is this a capital or operating lease?

Prepare a lease amortization schedule for this lease. (Round answers to 0 decimal places, e.g. 5,275.)

Prepare the journal entries on Bramble Manufacturing’s books on January 1, 2020.

(To record lease payment.)(To record inception of lease.)

Prepare the journal entries on LPN Leasing’s books on January 1, 2020.

(To record inception of lease
and cost of goods sold.)

(Collection of lease payment.)

Prepare the journal entries for Bramble Manufacturing on December 31, 2020.

(To record interest.)

(To record depreciation expense.)

Prepare the journal entry on LPN Leasing’s books on December 31, 2020.

(To record interest.)

The 2020 inventory data for Garden Corporation’s patio furniture Bermuda set is presented below. Assume that Garden uses periodic inventory tracking.

When Garden examines the actual units in ending inventory, they see that 15 of the units are from 2020 beginning inventory, 20 units are from the 1/20/20 purchase, and 60 units are from the 6/15/20 purchase.  

1. What is Inventory on the 12/31/20 Balance Sheet if Garden uses Specific Identification?
   1. $223,500
   2. $221,600
   3. $29,400
   4. $27,500

2. What is Gross Profit on the 2020 Income Statement if Garden uses Weighted Average Cost?
   1. $251,000.00
   2. $221,193.75  
   3. $201,806.25   
   4. $29,806.25

3. In a period of falling prices, which of the following statements is true?
   1. FIFO produces a lower amount of net income than LIFO
   2. LIFO produces a lower cost for ending inventory than FIFO
   3. Average cost produces a higher net income than FIFO or LIFO
   4. LIFO produces a higher cost of goods sold than FIFO

4. Heavenly Rest, Inc. uses a periodic inventory system. When a warehouse supervisor counts the inventory on December 31, 2019, he accidentally counts one pile of blankets twice, resulting in 2019 ending inventory being overstated by $100,000. The warehouse supervisor counts the December 31, 2020 inventory correctly. Which of the following statements is true related to Heavenly Rest's 2019 and 2020 financial statements?
   1. 2019 Cost of Goods Sold will be understated by $100,000.
   2. 2020 Beginning Inventory will be understated by $100,000.
   3. 2020 Cost of Goods Sold will be overstated by $100,000.
   4. All of the above are true.
   5. Both a and c are true.

The comparative financial statements for Halley Company for 2018 and 2019 are presented below.

Other Information:

(a) All Sales to customers are made on credit.

(b) There have been no sales of Building and Equipment during 2019.

Question 2 (continued)

Bill Bailey, the CEO of Halley Company is most concerned. Although he has made a profit of $44,000 in 2019 his cash balance during the year has increased by only $1,000.

Required: [Show all workings where necessary]

(a) Determine the following amounts that relate to Halley’s Cash Flow from Operations for the 2019 financial year:

1. How much cash did Halley receive from its customers in 2019?

2. How much cash was paid to Halley’s suppliers of Inventory during 2019?

3. How much cash did Halley spend on Salaries and wages during 2019?

4. How much cash did Halley spend on Interest payments during 2019?

5. How much cash did Halley pay in Income taxes during 2019?

6. What was the Cash Flow from Operations for the 2019 financial year?

(b) What was the Cash Flow from Investing Activities for the 2019 financial year?

(c) What was the Cash Flow from Financing Activities for the 2019 financial year?

(d) Use your analysis in parts (a) (b) and (c) to explain to Bill how he has generated a profit of $44,000 yet has seen his cash balance only increase by $1,000. Do you think Bill should be concerned about this situation?

lululemon athletica, Inc. in 2020: How to Respond to the COVID-19 Pandemic?

It is April 17, 2020, and the Board of Directors of lululemon athletica, Inc. has employed you as a crisis consultant to assess the company’s overall situation during the COVID-19 Pandemic and recommend a set of specific, measurable and rapid actions for the company to take to quickly restore the company to health and outstanding performance. Please prepare a report to lululemon’s board of directors that makes a list of action recommendations that the company needs to follow into order to put the company back on track in Fiscal 2021.

As of April 17, 2020, the Chief Financial Officer for lululemon has just resigned, and is leaving the company on May 8, 2020. Further, the company’s physical stores in North America, Europe, Australia, New Zealand and Malaysia are currently closed. Writing to the company’s stakeholders worldwide, Chief Executive Officer Calvin McDonald had the following to say:

The impact of Covid-19 is difficult to process as we navigate the uncertainty of the situation on a daily basis. People are the heart of lululemon, and through this period, we are committed to doing right by our teams, guests, and global communities.

Your assignment as the company’s crisis consultant is to make recommendations to ensure the success of lululemon through the crisis and to restore the company to physical and financial soundness in Fiscal 2021.
Question:
Your report should be prepared as a three page Executive Summary of Recommendations. Your recommendations should be specific and be clearly supported by your analysis of the company’s financial situation. You may supplement your 3-page summary with an appendix that contains (a) an analysis of the company’s financial statements and/or pro-forma financial projections and (b) other appendices that you consider appropriate. You may also include a table of References to sources that you use in your Executive Summary.

Notes:

• Three pages MAXIMUM for your Executive Summary of Recommendations. This three-page maximum does not include any Appendices or the Reference list.

• It is required that you cite your sources in your recommendations and provide a reference list in your appendices.

• Please use the Executive Summary template that is provided to make your report.

(Example of how to do):

Company Name> Executive Summary

Recommendations:

1.

2.

3.

Appendix

Appendix

References:

Oscar Tame is the CEO of AnyDoppler Inc. His company manufactures ultra-thin speaker pads. Each pad has a wire that can connect to an iPod. The pad can be placed on any surface (e.g. wall, table or window) and utilizes the material properties of the surface to turn it into a speaker that transmits sound when activated. Oscar hired a plant manager, Sybil Vain, to oversee factory operations. He pays her an annual salary of $100,000. Factory rent amounts to $30,000 per year. During the year, Sybil purchased $500,000 worth of factory capital assets. There are 25 assembly line workers who work 8 hours a day, for 4 days a week, for 50 weeks a year at $30 per hour. The factory has a high-tech inventory system that is able to trace raw materials to each finished good accurately and inexpensively. During the year, the factory used $350,000 worth of raw materials to produce the speaker pads. Depreciation of the factory equipment amounted to $15,000 and factory electricity expenses amounted to $10,000. At the beginning of the year, Oscar purchased three company cars for the sales team. Each car cost the company $45,000. The depreciation on these cars amounted to $5,000 for the year. During the year, Oscar spent $400,000 on marketing campaigns. Oscar was paid $200,000 for the year and paid his receptionist $45,000 per year.

a) Calculate AnyDoppler’s product and period costs. Explain your reasons for identifying costs as either product or period costs.

b) Calculate AnyDoppler’s direct costs and indirect manufacturing costs. Provide explanations.

The following data set shows the entrance exam score​ (Verbal GMAT) for each of eight MBA students along with his or her grade point average​ (GPA) upon graduation. Calculate the slope and​ y-intercept for the linear regression equation for these data.

Calculate the slope and​ y-intercept for the linear regression equation for these data

GMAT   GPA
310   3.6
300   2.9
260   3.1
290   3.1
340   3.9
270   3.1
290   3.7
310   3.1

********NEEDS TO BE IN EASSAY TYPE FORMAT AND NO MORE THAN 500 WORDS !!! i will give a thumbs up... also no plagerism we submit this through a database!!!!********* Develop an essay response of no more than 500 words to the following: (1) Concept of balancing the "me" with the "we;" (2) Ways self-leadership can be applied to personal problems, and thus personal development; (3) Why should a MBA student be concerned with these topics? (4) How does the outcome of your self-assessment relate to these topics?